Archive for September 2016

Temple Service Could Be One Week Away as Sanhedrin Appoints High Priest

“For the priest’s lips should keep knowledge and they should seek the law at his mouth; for he is the messenger of Hashem of hosts.” Malachi 2:7 (The Israel Bible™)

Rabbi Baruch Kahane, shown here offering the Omer (barley) sacrifice to God in the heart of the Old City of Jerusalem, has been appointed as High Priest by the nascent Sanhedrin. (Photo: Abba Richman)

A significant step was recently taken towards reinstating the Temple service when the nascent Sanhedrin selected Rabbi Baruch Kahane as the next Kohen Gadol (high priest). The selection was made as a precaution for Yom Kippur. If the political conditions should change, allowing the Jews access to the Temple Mount, they will be required by Torah law to bring the sacrifices. Rabbi Kahane is confident that if that should happen, Temple service could begin in less than one week.

Rabbi Baruch Kahane (Courtesy)

Rabbi Kahane is a prominent scholar, knowledgeable in the complicated laws pertaining to the subject of the Temple Service. He is part of the Halacha Berurah Institute, established by Rabbi Avraham Isaac HaCohen Kook, the first Chief Rabbi of Israel, which deals with the elucidation of Jewish law from its Talmudic sources (Oral Law) and commentaries. He has played a prominent role in all the reenactments of the Temple services performed to date.

This year has already seen much Temple-oriented activity: the Temple Institute has created a registry of kohanim; established a school for educating men of the priestly class in the details of the Temple service; and performed reenactments on all the holidays, including the especially significant Passover sacrifice.

End of quote.

As I keep saying, the demise of the Dome of the Rock is close at hand and this is the next step in that inexorable process.

Richard

The Percentage Of Working Age Men That Do Not Have A Job Is Similar To The Great Depression

Why are so many men in their prime working years unemployed?  The Obama administration would have us believe that unemployment is low in this country, but that is not true at all.  In fact, one author quoted by NPR says that “it’s kind of worse than it was in the depression in 1940″.  Most Americans don’t realize this, but more men from ages 25 to 54 are “inactive” right now than was the case during the last recession.  We have millions upon millions of strong young men just sitting around doing nothing.  They aren’t employed and they aren’t considered to be looking for employment either, and so they don’t show up in the official unemployment numbers.  But they don’t have jobs, and nothing the Obama administration does can eliminate that fact.

According to NPR, “nearly 100 percent of men between the ages of 25 and 54 worked” in the 1960s.

In those days, just about any dependable, hard working American man could get hired almost immediately.  The economy was growing and the demand for labor was seemingly insatiable.

But today, one out of every six men in their prime working years does not have a job

End of quote.

The US official unemployment rate is one of those false figures used to hide the true state of the US economy.

The above data and the rest of the article illustrate it graphically.

Richard

“It’s Probably Not Nothing”

I present the following article in toto:

In today’s edition of “it has to be seen to be believed” we show just two charts, the first from the latest presentation by Goldman’s Peter Oppenheimer (summarized here), which shows something stunning. In Goldman’s own words: “the sharp rise in the equity markets from both their 2009 and 2012 lows has almost entirely been driven by valuation expansion. Profits have been weak, particularly in Europe. Exhibit 2 shows that the 10-year rolling nominal earnings growth rate has collapsed to -1.8% in Europe and has fallen to record lows for the global equity market.

The second chart is from Capital Economics and is self-explanatory: it shows the % of all loans that are mortgage loans.

To summarize: a world where earnings growth has never been lower, and where another debt-driven housing crisis in China is looming.

Normally, we would say “it’s probably nothing” – after all central banks “got this”, only in this case it isn’t.

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