Dollar softer as US debt ceiling crisis unresolved, inflation data eyed (https://wkzo.com/2023/05/09/dollar-softer-as-us-debt-ceiling-crisis-unresolved-inflation-data-eyed/)
The US treasury is set to run out of cash in early June, which means the country is rapidly approaching a fiscal breaking point. That’s why President Joe Biden is huddling with House Speaker Kevin McCarthy and other congressional leadership on Tuesday for urgent debt ceiling discussions.
The June deadline poses a Catch-22 for McCarthy, whose options are to hold the government hostage or compromise on Republican demands by striking a deal with the Democrats. The latter would lead to a backlash from his own party and likely cost him his job.
Why this matters: The debt ceiling is the limit on how much the government can borrow from the US treasury to pay its bills. The US functions at a massive deficit, so the government has to borrow money to pay for things like Social Security, veterans’ benefits, and Medicare.
The US officially hit its limit back in January and has been operating under “emergency measures” ever since, enabling the US to fulfill its financial obligations. But the government’s ability to borrow through these measures could dry up as early as June 1. If a deal isn’t reached before then, the government stops functioning and could wind up defaulting on its debt – a historic first that would plunge global markets into crisis. (Gzero Signal, 5/9/2023)
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Netanyahu tells members of Congress that Iran could threaten ‘every city in the US’ — Speaking to US lawmakers in Jerusalem, prime minister says Tehran is as dangerous as ’50 North Koreas,’ after defense minister warns Greek counterpart of Iran’s uranium enrichment. (https://www.timesofisrael.com/liveblog-may-4-2023/)
TERRORIST’S MOTHER CONDONES KILLINGS OF 3
The mother of the Hamas terrorist who killed Lucy, Maia, and Rina Dee said the following about the Jewish people: “The Jews are our enemies. We should fight them, devour them with our teeth.”
“Anyone with courage in his heart cannot accept what the Jews did to us.”
With parents and examples like this, it’s no wonder why there is a flourishing hate filled jihadist culture thriving in Judea and Samaria and beyond within the Arab Muslim world. (Israel Unwired, 5/8/2023)
A DIFFERENT WORLD
Iranian Official Public Announcement: If A Woman Is Caught Without Her Hijab Inside A Car, It May Be Impounded; Syrian Islamic Scholar: It Is Better For A Wife To Endure ‘Disciplinary’ Beatings Than Get A Divorce And Lose Her Children. (MEMRI, 5/5/2023)
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The coronation of King Charles won’t just be an amazing spectacle —The west needs to grasp what it says about nation and religion
Procession down the Royal Mall, London; dress rehearsal for coronation of King Charles III
On Saturday, Britain’s King Charles III will be crowned in London’s Westminster Abbey.
The coronation, which will be viewed by millions around the world, promises to be a spectacle of ceremony and magnificence for which the British have no rivals.
Even this week’s dress rehearsal, which was carried out in the middle of the night, was attended by crowds of spectators and produced awe-struck responses to the mile-long military procession taking the gold state coach to the abbey from Buckingham Palace.
The significance of the event, however, goes far deeper and wider than all the pomp and circumstance. The coronation makes two statements of great importance for today’s world about the place of religion in public life and the importance and meaning of the nation.
Both religion and nation are currently opposed, scorned and vilified by the dominant progressive elites of western culture. Many such people also oppose the monarchy, viewing it as an anachronism redolent of hereditary privilege that has no place in a modern democracy.
Throughout the west, there is now an all-out assault on the very idea of the nation along with its inherited culture. This is fueled by a determination to impose supposedly universal values that will usher in the unity of all mankind.
This onslaught involves an attempt to dismember the traditional nuclear family; vilify white society, normative sexuality and men; and hijack education and replace knowledge and rationality with propaganda and the suppression of dissent.
At the core of this agenda — whose echoes can also be heard in the anti-government protests that have been rocking Israel — lies the aim of exiling religion from the public square.
The monarchy in Britain embodies both religion and nation. The core of the coronation is a religious dedication. Dressed in a simple shirt, the King will be anointed with holy oil and in this private ritual will take his monarchical oath of service to God.
Few realize that the British monarchy is patterned on Jewish history. Early English kings even believed they were descended from King David. They appreciated the revolutionary aspect of ancient Israel: its monarch was not the supreme ruler, a status which invites tyranny and despotism, but was himself answerable to God, the one true king over all.
The British coronation rite is modeled on the accession of King Solomon as described in the Book of Kings. Solomon was escorted to the throne by both religious and military leaders, as will happen to Charles, and was anointed by Zadok the high priest, represented this weekend by the Archbishop of Canterbury.
The choir in the abbey will raise the roof with Handel’s sublime “Zadok the Priest,” and the holy oil will have been brought from Jordan, part of the original Land of Israel.
Jews know better than anyone that what keeps a nation together is continuity — the adherence to principles, traditions and rites that shape a people and are handed down through the generations.
Britain, however, is a very different nation from the one that greeted the late Queen Elizabeth II when she was crowned more than 70 years ago. Demographically, it is far more diverse, with a plethora of different cultures and faith.
This will be acknowledged at the coronation. Britain’s Chief Rabbi Sir Ephraim Mirvis, and the equivalent representatives of Britain’s Muslim, Sikh, Hindu and Buddhist communities, will step forward towards the King at the end of the ceremony and extend to him their good wishes and blessings.
To ensure the Chief Rabbi does not break Shabbat, he and his wife will spend the night before the coronation at St. James’s Palace so they can walk to the abbey, and his words will not be amplified by a microphone.
In addition, a Jew, a Muslim, a Sikh and a Hindu will present the King with artifacts that play a part in the ceremony — the Imperial Mantle, the sovereign’s ring, a pair of ceremonial bracelets and the coronation glove.
There is relief among traditionalists that, while these gestures are a sensitive nod towards diversity, the core principle underpinning the coronation has not been eroded. This is that the monarch swears to defend the Protestant Christian faith.
Although when he was Prince of Wales Charles stated his wish to be “defender of faith,” he will in fact retain the all-important definite article and swear to be “defender of the faith.”
An increasing number of people can’t see the point of this in a society where religious belief is now a minority pursuit. However, Christianity remains key to the nation’s integrity and sense of itself.
Christian values are fundamental to the west. Justice and the rule of law, compassion and putting others first, above all respect for every individual’s humanity as created in the image of God — all come from the Hebrew Bible and the Christianity that cemented them into western culture.
The idea that minority cultures can only thrive without that umbrella structure is mistaken. In its absence, groups will fight other groups for power and the weakest will go to the wall.
America, which has neither a monarchy nor an established religion, nevertheless subscribes to those values. Biblical precepts and the example of ancient Israel are explicitly referenced through America’s foundational institutions.
Only a nation whose citizens are united by a common culture within a delineated territory can defend those values and that territory, and thus protect civilization itself. (Melanie Phillips, 5/5/2023)
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TO THE POINT
- Canada has expelled a Chinese diplomat following claims that Beijing tried to intimidate a Canadian politician and interfere in the country’s elections. In a statement, Canada’s Foreign Minister Mélanie Joly declared Toronto-based diplomat Zhao Wei “persona non grata.” The Canadian Security Intelligence Service found an accredited Chinese diplomat in the country had targeted opposition lawmaker Michael Chong, and his relatives in China, after he supported a motion to condemn China’s treatment of its Uyghur Muslim minority group. (The Week, 5/9/2023)
- Two million households in the UK missed or defaulted on at least one mortgage, rent, loan, credit card payment or bill last month, according to Which. The consumer group found that 700,000 of this number had missed their housing payments. The Mirror said that a “significant number” of those surveyed – 3.1% – also missed mortgage payments in the last month as Bank of England interest rates continued to climb. The “shock figures” come among a “backdrop of rising costs putting a strain on UK households in recent months,” said the paper. (The Week, 5/9/2023)
- Scott Baio has had enough of California. The actor is so sick of its left-wing politics, and the crime, the homelessness, the lawlessness, and the grim future it holds, after 45 years he is taking his family with him and leaving.
- Vladimir Putin’s annual Victory Day speech was shorter than usual, and the number of troops on parade in Moscow was the lowest since 2008. (Spectator, 5/9/2023)
- KING’S CORONATION: TV companies gave a great deal of attention to anti-monarchist groups in the UK during the coronation of King Charles III. Nothing was said about failed republics. Next door France is still experiencing riots and turmoil with talk of a new French Republic (the 6th); former colony Nigeria is witnessing a contested result following an election; while the US cannot sort out its debt problem or stop mass shootings (200+ so far this year).
COMMENTARY – A TROUBLESOME PRIEST
Just as the king cannot get directly involved in politics, it’s time the same rule applied to the Archbishop of Canterbury. The Archbishop has been critical of Britain’s policy toward so-called asylum seekers. These asylum seekers are primarily young men who want to live in a country that offers greater opportunity. Some are attracted by illegal activity that offers quick money with minimal risk.
Very few women are in their midst.
Why is the archbishop so concerned about the asylum seekers? They are unlikely to join his church, with its watered-down teachings and pro-gay agenda.
Clearly this man, with a senior role in Britain’s hierarchy, is a liberal-socialist, which remains the dominant mood amongst the UK’s establishment.
Allowing Syrians, Albanians, Eritreans, and others into a small island will only increase ethnic tensions. It also means greater pressure on housing, the National Health Service and other venerated institutions.
This is not the way it should be. Note the following verse in Acts.
“From one man He made every nation of men, that they should inhabit the whole earth; and He determined their appointed times and the boundaries of their lands.” (Acts 17:26)
For centuries, the British Isles was the ancestral home of the Anglo-Saxon-Celtic peoples. It is clearly not the intent of the British government, now or any government in the last fifty years, to maintain this. Already, over 20% of the country is non-white, probably more. London and Birmingham, the two biggest cities, are majority non-white.
If the plan is to make the whites a minority, the government should be honest and say so.
It would certainly help things if the archbishop would shut up.
In the famous words of Henry II in 1170: “Will nobody rid me of this troublesome priest?”