In less than a week the South African Food & Supplies Outreach has collected so much food it could fill up half the stadium that has been offered as storage space for distribution. The volunteer distribution staff has had to quadruple and they currently have enough food to feed a million people. Below is a testimony I was sent by one those who live in SA and is administering this effort by Boulder Foundation: Anyone Who Wants to be Part of the Most Awesome Time Ever The last 18 months in worldly terms was terrible but I want to tell you of the Greatness of our God. Yes these reports are true but why do some trusting with fullness in God experience this totally different.
We have a property in the Heart of Durban (we call it God’s flowerbed in the heart of Durban City) where we support a pastor and his family from DRC for the past 8 years. We know God has a plan for Durban City and not a week goes past that we don’t pray for that city and Oscar (The Pastor). When this unrest started I called Oscar not concerned but with a heart how can we help. Obviously with a bottle store and a supermarket TENANTS in the building we should have been looted and part of this destruction story. BUT God protected us and not only protected us but enabled us as group to use this building as a distribution place for food to these poor people.
A week ago on a prayer call we prayed for three of the group’s friends we knew in this area. We did not get into this due to despair and hopelessness but because God gave the body a means to THE SOLUTION in every place where the physical human nature says different. Within less than a day God made it possible to fly in food to help. This small act of help was the beginning of many testimonies that is still unfolding.
Yesterday after ness than a week I received a cash Offer for my Small farm less that 10 km from one of the major areas of destruction in Johannesburg. The world says no, no, no GOD says this my child is another opportunity to proof my love to people, and another opportunity for ME to love people. What the world deemed as disruptive, destructive and harmful God ordained to be another opportunity. Be encouraged Family
Certain areas of South Africa are in anarchy and citizens are under strict stay at home lockdown and many are threatening to be shot by both government and the anarchists, if they leave their homes. People can’t go out and buy food or any other provisions. Zuma the former president who was very corrupt and stole from everyone while in office was put into jail and that ignited the demonstrations and its escalating. The crisis in South Africa is very severe, even if people could manage to get to a store, there no food or provisions on the shelves.
Currently an effort is being put together to assist South African citizens to get them food and supplies. They are putting together a plan that is mobilizing private planes, private pilots, trucks, businesses, ministries, and people in a matter of hours. They have secured 18,000 meals that are in the process of being delivered and they would likely increase that amount as much as possible. This literally is happening now as we speak, and we can be a part of it in both in prayer and donations. I have forwarded this information to Rick, both by text and email and he can put it on the sight tomorrow. The donation can be made to the Boulder Foundation and it will be the first option listed as Emergency Relief for South Africa link on their website.
Lines are being drawn in the sand across every facet of our society, our schools, the church, social media, mainstream media, sports, small business, big business, Wall Street, federal, state and local government, and international relations. Division, accusation and animosity between opposing forces are constantly increasing. China vs. the US, Texas; Florida & North Dakota vs. the federal government; Fox vs. CNN; Conservatives vs. Progressives; Republicans vs. Democrats; BLM – Antifa vs. Police – all authority and the foundational principles of society; and Big Tech vs. everyone.
Controversy and volatility are the rule of the day and have always been perpetuated by those who stand to benefit from them. The instant mass communication technology of our day, however, is threatening the ability of the wealthy powerful few to manipulate the masses, and as these elite try to push back and maintain control through distraction and division, things will likely continue to escalate. One of the few things people seem to agree on is that Big Tech is too big and too controlling. US Markets, although volatile, are still at record highs, but market watchers and economists warn of bubbles and inflation. C-19 policies are also creating havoc, especially in CA where many of their large cities are not enforcing shoplifting laws for under $950.00. This has resulted in many retail stores closing; Target has closed six of their outlets there. C-19 policies have also cause employment shortages, as a greater number of people choose not to work due to increased and extended unemployment benefits.
Most Central banks continue to print money and keep interest rates artificially low to keep their nation’s economy afloat. They are also venturing into unchartered territory with their avocation of cryptocurrency. Reuters reported, “The Bank of International Settlements (BIS) has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money. Dubbed the central bank to the world’s central banks, the BIS, which is coordinating many of their discussions on digital currencies, set out recommendations on Wednesday on how a CBDC such as a digital dollar, euro, yen or yuan should look.”
Wells Fargo has closed down all personal lines of credit, they gave all kinds of reasons, but nothing substantial. If you wanted to limit your risk exposure to a coming financial crisis, however, that would certainly do it. Another sign banks are preparing for a crisis is their uptick in the purchase of gold. Russia is planning a $4.4 billion purchase this month and is also moving out of US dollars. Bloomberg reported, “Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions.” CNBC reported that “Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake, if not in the near term, then in 2023 and beyond.”
Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit (7.8.21)
With every passing quarter, more and more things fall into place which lay the groundwork for paper currencies to change to digital currencies. The Bank of International Settlements (BIS) gave its full backing for the move. Some countries will handle it well, while others like China will use it to control and manipulate their citizens and businesses, as well as international businesses or anyone that uses their digital currency. In an Epic Times interview, Kyle Bass (founder of Hayman Capital Management) said, “Imagine a currency that almost has a mind of its own… It knows your account data, knows your birthday, your social security number, where you live and exactly what you like to buy. And all of this knowledge would be sitting in the hands of the Chinese Communist Party.” Bass explains the threat and potential dangers of China’s new digital currency in the link below.
Glenn Beck said, “There’s a race happening now between the U.S. and China to see which power will develop a national, digital currency first. The U.S. wants to develop a sovereign cryptocurrency that could give the government complete control — and most Americans don’t realize how close that plan is to fruition.” CoinTelegraph.com also reported the following quote from DOE governor Andrew Baily:
“… stable coins have created a whole host of issues that central banks, governments and society as a whole need to carefully consider. It is essential that we ask the difficult and pertinent questions when it comes to the future of these new forms of digital money.” The banks and central banks are concerned because they have control over stable coins digital currencies which offer greater rates of interest than the banks can, as it is an industry disrupting new innovation.”
The IMF has plans to issue massive amounts of SDRs which is a world currency. If they do this it would diminish the power of the US dollar (USD) internationally and would devalue the USD increasing inflation in the US. The greatest beneficiary of this will be China, which begs the question why would the Biden administration agree to this, if it benefits China and hurts American citizens?
Concerns Surround IMF Plan to Flood World With Liquidity (7.13.21)
US Stock Market numbers are high and it’s predicted that trend will continue in the near term, however, the last few weeks have seen radical shifts up & down. For example, the Dow lost almost 300 points on Thursday, only to gain over 400 on Friday. Needless to say, we have a volatile market with positive leanings; however, concerns are being voiced with these leanings, such as valuations that are trading much higher than their expected earnings. The WSJ reported, “Wall Street is heading into earnings season this week with high expectations after strong profits fueled a stock market rally in the first half of the year. The S&P 500 traded Thursday at nearly 22 times expected earnings over the next 12 months, above a five-year average of a little more than 18. “Valuations on their own don’t kill a market, but valuations make you vulnerable if there’s an unpleasant surprise,” said Tom Hancock, lead portfolio manager of the GMO Quality Fund.”
One positive is that the Biden Administration is ending the moratorium on foreclosures and evictions which has caused tremendous hardship for landlords, especially everyday citizens who own one or two rental units. One negative is that the G-7 & G-20 plan to create a worldwide corporate tax; this would greatly hurt corporate bottom line, discriminate against smaller countries and result in massive unemployment. The chances of this passing the Senate at the moment is very unlikely, but it’s one of the only ways the Biden administration believes it can raise taxes to support its exponential spending plans. The Epoch News reported that 9 countries have refused to sign the agreement, many of which are EU nations which can’t raise taxes without unanimous approval of its members.
Employers in the US, Italy and other nations, are struggling to find help because these governments cannot politically wean themselves from their C-19 emergency provisions. In the US employers are having a hard time finding workers, and they also have one of the highest amounts of underemployed. Reuters reported, “5.8% [unemployment] is still a high rate and leaves over 9 million unemployed. This shows up in a statistic called the “labor force participation rate” which is currently about 61.4%, close to the lowest rate since the 1970s.”
A new force with a new agenda is asserting itself into Wall Street; climate control and the Green Agenda are taking over corporate boards like Exon, and hiring big name corporate lobbyists. NYP wrote, “Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “Wild West” mentality among investors, the Yale University professor told CNBC’s “Trading Nation” on Friday. Big name Lobbyists being hired in Washington to push both the Biden Administration and Leftist corporations’ policy agendas.”
In another part of the world, Bloomberg reported that China is busy destroying what’s left of free markets in Hong Kong. If short-term gains are your only consideration, then you may stay with Chinese stocks. But, if you’re looking for long-term profit and wealth preservation, Chinese capital markets are toxic and best avoided.
US Consumer Prices Surge in June, Inflation Climbs to 13-year High (7.13.21) Reuters
The Netanyahu government fell and a new Israeli coalition led by Naftali Bennett has taken over, but it is unclear if it will hold together. Egypt and Ethiopia are at odds over a new hydroelectric dam and water rights, as water rights have become a point of contention in many regions around the world. The Hattian President and his entire family were killed. Thousands demonstrated in Havana and other cities demanding an end to the country’s 62-year dictatorship amid a hard-currency shortage and rising coronavirus infections.
WSJ REPORTED, “A dispute over the Nile, the world’s longest river, is coming to a head. At stake are the lives and livelihoods of millions of people who depend on its water. Egypt is objecting to efforts by Ethiopia to start operating a $4.8 billion dam on a major tributary of the Nile, a hydroelectric project that it hopes will power a social and economic transformation of the country, without a binding agreement that preserves Cairo’s rights to the waters.”
South Africa is in anarchy and citizens are under strict stay at home lockdown with the threat of being shot if they leave their homes. People can’t go out and buy food or any other provisions. The escalating demonstrations ignited when former president Zuma, who was very corrupt,, was jailed for his crimes.
Cubans Are Rising Up Against Oppression & Communism (7.13.21) IFA
The greatest threat to the freedom and security of the world is China, who is pushing its agenda and threatening the world community on many fronts socially, economically and militarily. They have dropped all pretenses of diplomacy and cooperation and are simply issuing edicts, threats and warnings. Currently, there is no one keeping them in check since Trump exited the presidency. The international community is showing meager resistance and issuing verbally weak, ambiguous statements and threats to counter the Chinese threat. Internationally, the threat of China taking over Taiwan is becoming a great concern, which would likely draw the US and other nations, who by treaty are committed to defending Taiwan, into a war. If this were to happen it would also put Japan in great danger as being next on China’s list.
Currently, no one trusts China; many are limiting their trade with China, especially in the areas of critical infrastructure. Unfortunately, China will probably continue its push and this tendency is likely to increase. NATO discussed the Chinese threat at their June 28th meeting. China is not only pressuring and attempting to increase their control over the international community, but they are also greatly increasing their control over their own citizens. This is creating resistance and strife internally; the resistance is growing against the dictatorial control of Xi over the CCP and the people. In an Epoch Times interview, Roger Garside said, “The Chinese regime is “outwardly strong, but inwardly weak,” says China expert Roger Garside, and it’s plagued by a brewing financial crisis, a moral vacuum in society, and the malaise of rampant corruption.” Garside predicts a coming coup will ultimately end China’s communist dictatorship.
Fulton's Perspective on Global Economies, Markets & Political Events 