October 8, 2021
"Stand fast therefore in the liberty by which Christ has made us free, and do not be entangled again with a yoke of bondage." 
Galatians 5:1
Market Recap

For the week, the DJIA rose 419.79 points, or 1.22%, to 34,746.25. The S&P 500 rose 34.30 points, or 0.78%, to 4,391.34. The Nasdaq also gained slightly 12.837 points, or 0.09%, to close at 14,579.537.

U.S. services industry activity nudged up in September, but growth is being restrained by a persistent shortage of inputs and the resulting high prices as the pandemic drags on.

The first look at consumer confidence for October showed further deterioration, as the Investors' Business Daily's monthly index declined to 46.8 from 48.5 in the previous month. A reading above 50 suggests optimism, while a reading below 50 suggests pessimism.

The number of Americans filing new claims for jobless benefits dropped by the most in three months last week, suggesting the labor market recovery was regaining momentum after a recent slowdown, as the wave of COVID-19 infections began to subside.

U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses.

VP Kamala Harris said on Thursday a labor report commissioned by President Biden on ways existing policies can boost unions and promote labor organizing will be released in late October.

U.S. services industry activity nudged up in September, but growth is being restrained by a persistent shortage of inputs and the resulting high prices.
 
***

Friday Recap: Wall Street Dips after September Jobs Miss

U.S. stocks oscillated between gains and losses on Friday after data showed U.S. jobs rose far less than expected in September, but not slow enough to throw the Federal Reserve off its presumed course of tapering asset purchases this year.
 
Six of the 11 major S&P sectors declined, with defensive real estate, healthcare and utilities among the top losers.
 
The U.S. economy created the fewest jobs in nine months in September amid a drop in hiring at schools and worker shortages.
 
A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 nations, the OECD said on Friday.
 
Some big global brands told investors this week they offset inflation with price increases, but rising costs of everything from aluminum to cotton signal tighter times ahead for consumer goods companies.
 
The Federal Reserve may move to begin reducing its support for the economy in November despite a sharp slowdown in jobs gains last month.
 
U.S. Secretary of Commerce said on Friday that incremental improvements could be seen regarding supply chain disruptions but that the impact would continue into next year.
 
Gold prices fell for a second day on Friday to $1,757.40 per ounce, failing to hold gains following a weak U.S. jobs report as bond yields rose. Spot silver rose slightly to $22.65. Copper ended the week 2.13% higher at $4.28. Platinum sees best week since June 25. Palladium snaps four straight weeks of decline.
 
The Dow Jones Industrial Average was nearly flat, losing 8.69 points, or 0.03%, to end at 34,746.25. The S&P 500 lost 8.42 points, or 0.19%, closing at 4,391.34. The Nasdaq Composite was down 74.479 points, or 0.51%, to close at 14,579.537.
 
For the week, the DJIA rose 419.79 points, or 1.22%, to 34,746.25. The S&P 500 rose 34.30 points, or 0.78%, to 4,391.34. The Nasdaq also gained 12.837 points, or 0.09%, to close at 14,579.537.



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Inflation: Another Weapon in the Hands of a Power-Crazed Government [Op-Ed]
The most important job in America right now is that of our state governors.
 
Dan Celia, President and CEO of FISM Inc.

One thing analysts can finally agree on is that our mounting state of inflation is anything but transitory. As concerning as this may be to many, it does not appear to be keeping Janet Yellen up at night. The U.S. Secretary of Treasury is presumably an intelligent and well-educated woman…which leads one to believe that her casual stance on rising inflation rates and national debt is born out of thoughtfulness, not ignorance. The question is, what is the thought process behind her idleness on inflation and encouragement of limitless government spending?

Throughout U.S. history we can see a pattern of leadership who falsely presumed they could harness inflation to suit their means. It has never ended well. An ideology of “spend more to grow more” infiltrated the decades of The Great Inflation. Jimmy Carter’s efforts to stimulate the economy through hyperinflation…(READ MORE)
The Lack of Border Concern Should Concern Us All
According to their site, the Progressive Caucus has 95 members in the House and a single senator, Vermont’s Bernie Sanders…
 
Dan Celia, President and CEO of FISM Inc.

The crisis at the border has risen to a new level now that Mexican drug lords are taunting US National Guard members stationed at the border. It is no longer an issue of immigrants sneaking into our country in the middle of the night. Criminals are emboldened by the lack of backbone by the Biden administration and protect our borders. If we can't stand up to the Mexican cartel at our own border, why would we expect other countries to respect us on a world stage.

Dan Celia discusses his concerns about what is going on at the border, putting the blame squarely on the shoulders of President Biden.…(WATCH HERE)
Is T-Cell Immunity a Better Indicator of COVID-19 Immunity? [Op-Ed]
… natural immunity may be long lasting, much longer than the vaccine induced immunity that has shown to wane six months post-vaccination...
 
Lauren Dempsey, FISM News
MS in Biomedicine and Law, RN
Throughout the pandemic prior immunity and natural immunity have mysteriously been discredited by scientific, medical, and governmental authorities. Yet, we know that the human immune system is incredibly complex and has the ability to protect from infection and disease that scientists and healthcare providers are still learning about.

With COVID-19, the primary push has been the development of antibodies in response to vaccination. While antibodies are an important factor, medical studies have shown that they are not the sole factor in determining immunity.

A study from August 2020 highlights the importance of memory T-cells in providing protection from COVID-19. This new research reveals that memory T-cells may “protect some people newly infected with SARS-CoV-2 by remembering…(READ MORE)
Biden Administration Will Keep China Tariffs for Now
On Monday, Tai’s office released an expansive collection of statements of support for the Biden plan from politicians, media, and labor leaders. 
 
Willie R. Tubbs, FISM News
On Monday, in a speech given to the Center for Strategic and International Studies, a Washington, D.C., think tank, United States Trade Representative Katherine Tai outlined the Biden administration’s vision for U.S.-China economic relations.

The overall goal, Tai said, was to realign U.S. trade policies and reopen discussions with China. It was unclear whether the plan would be to expand or reject the policies of former President Donald Trump and the ambassador did not offer specific.

Tai announced the tariffs imposed by Trump would stay in place for now. She did not rule out imposing additional sanctions, and indicated that the existing trade agreement, known as Phase One, would serve as the starting point…(READ MORE)
Educational Associations Slam NSBA for Calling Parents 'Domestic Terrorists'
The letter was written in response to a previous letter sent from the NSBA to President Biden asking for protection against parents.
 
Chris Lange, FISM News
Contributions by Michael Cardinal, FISM News
Over 20 different organizations wrote a joint response letter to the National School Board Association (NSBA) after they had asked the White House for federal protection from parental threats.

The letter was posted on Saturday to Twitter by Wenyuan Wu, Ph.D., Executive Director at Californians for Equal Rights Foundation:

A joint response to @NSBAPublicEd, thanks to the initiative by @DefendingEd. Civic participation is not domestic terrorism. Holding elected officials accountable is not a hate crime. On the flip side, we must be doing something right to deserve such intolerance. @realchrisrufo

The letter slams the NSBA for using a “tiny number of minor incidents” at school board meetings to paint anyone who stands up in disagreement…(READ MORE)
New Study Indicates COVID-19 Vaccine Immunity Declines Six Months Post-Vaccination
…it is important to understand that the Pfizer booster shot is the exact same vaccine that individuals received previously.
 
Lauren Dempsey, FISM News
MS in Biomedicine and Law, RN
Last week a study was published that found the BNT162b2, better known as the Pfizer BioNTech COVID-19 vaccine, showed considerable weakening of antibody responses and T-cell immunity to SARS-CoV- 2 and variants 6 months post- vaccination.

The study was conducted in response to reports of reduced efficacy, the emergence of variants that are resistant to antibody neutralization, and the potential lack of durability of immunity from vaccination. The report suggests that "a 3rd booster immunization might be warranted to enhance the antibody titers and T cell responses" due to the data collected.

This report highlights numerous contradictions made by government officials…(READ MORE)

Taiwan-China Tensions Show No Sign of Lessening
U.S. Marines and a special-operations unit – about two dozen military personnel – have been in Taiwan to train small groups of that nation’s military…

Willie R. Tubbs, FISM News
After months of shows of force and acts of aggression, the nations of Taiwan and China appear no closer to solving their dilemma.

Indeed, a pair of stories released Thursday morning offer little hope of a speedy peace.
Reuters reported that in a visit with a French delegation, a trip China warned France to avoid, Taiwanese President Tsai Ing-wen pledged that her nation would remain a member of the international community and help foster peace in the Indo-Pacific.

In their meetings Tsai told the French senators, “We will continue to fulfil our responsibilities as members of the international community…(READ MORE)

CIA Wire Reveals Large Number of Informants Are Missing
...Americans’ trust in U.S. Intelligence agencies is crumbling, with many believing they have been weaponized in order to spy on U.S. citizens.
 
Chris Lange, FISM News
The U.S. Central Intelligence Agency recently dispatched an urgent message to personnel stationed around the world informing them that an alarming number of agents have gone missing.

According to a New York Times article, top U.S. counterintelligence officials sent a cable to C.I.A. operatives conveying details about a number of agents who have either been killed or captured by adversarial agencies – information rarely included in such correspondence. Officials went on to urge personnel to shore up security measures, including placing heavier scrutiny on potential recruits.

The cable also exposes a myriad of internal problems currently plaguing the C.I.A., including …(READ MORE)
Senate Passes Emergency Debt Limit Increase Through Dec. 3
Manchin could be seen shaking his head covering his face in embarrassment before storming out of the chamber.
 
Samuel Case, FISM News
The first hurdle of passing an emergency debt limit increase has been cleared, as the Senate voted to pass a bill that would raise the limit by $480 billion through Dec. 3. The provision passed 50-48 along party lines after 11 Republicans voted to end discussion, allowing Democrats to hold a procedural vote.

Minority Leader Mitch McConnell this week offered a short-term deal to extend the debt limit, saying it will give Democrats more time to include the suspension in the reconciliation bill and “moot Democrats’ excuses.” Republicans had been warning Democrats for months that they would not take part in raising the debt limit, telling the majority that the debt would need to be raised via reconciliation.

“To protect the American people from a near-term Democrat-created crisis, we will also allow Democrats…(READ MORE)

Human Trafficking Sting in Ohio nets 161 Arrests
Among the arrestees were three people accused of attempting to buy sex from minors.
 
Willie R. Tubbs, FISM News
It was revealed this week that, beginning in late September, law enforcement officials in Ohio executed a massive sting that yielded a record number of arrests 161 and resulted in the identification of 51 potential victims of human trafficking.

Dave Yost, a Republican who has served as Ohio’s attorney general since 2019, confirmed the numbers in a release.

The sting, referred to officially as “Operation Ohio Knows,” took place from Sept. 24-Oct. 1 and was undertaken by representatives of the FBI as well as state and local law enforcement agencies with the help of non-governmental and nonprofit…(READ MORE)
WHO Approves Malaria Vaccine for Children, Hailed as a 'Historic Moment' in the Fight Against the Disease
Officials on the continent must now turn their attention to how to effectively finance, produce, and distribute the vaccine…
 
Michael Cardinal, FISM News
On Wednesday, the WHO announced that they have approved a malaria vaccine for use in infants and children, providing another tool in the fight against the deadly mosquito-borne disease.

Mosquirix, developed by British drugmaker GlaxoSmithKline, is made from ingredients sourced from a rare Chilean evergreen tree. Because of the rare ingredients used in the vaccine it will most likely prevent it from being a long-term solution in the fight against the disease, but is a much needed step to curb the disease.

Malaria is by far the most deadly disease in Africa, killing over 400,000 people per year. More than half of those who die from malaria are children...(READ MORE)
Video Shows Cartel Brandishing AK-47s, Taunting Law Enforcement at Texas Border
Since July, there have been over 200,000 illegal crossings into the U.S., creating a surge in human trafficking and the importation of massive…
 
Chris Lange, FISM News
Yesterday, a video showing heavily-armed cartel members appearing to mock Texas Army National Guard soldiers at the U.S.-Mexican border was released by Texas law enforcement officials.

The disturbing footage shows suspected human traffickers in tactical vests brandishing assault rifles in front of Texas Army National Guard soldiers, showing no signs of intimidation by the U.S. law enforcement presence in the area.

According to the Texas Department of Public Safety, this is only one of several recent incidents involving suspected cartel gunmen. The gang members have been spotted at a known drop-off site near Hebbronville, Texas, approximately 80 miles from the border…(READ MORE)
Border Security Contractors Paid $5 Million by Biden Administration to Do Nothing
According to Scott, the Biden administration has sent a clear message of tacit approval for illegal immigrants to come into the U.S.
 
Chris Lange, FISM News
The Biden administration paid contractors overseeing construction of the border wall $5 million to remain “idle,” according to the president’s former Border Security Chief Rodney Scott.
 
Scott made the shocking revelation this week on Fox News’ “Special Report.” During an interview with host Brett Baier, he said that “stacks and stacks” of materials intended for the construction of a wall along the U.S. southern border under President Trump lay unused and abandoned by the current administration, including wall panels, cameras, and “hundreds of miles of fiber optic cabling.” Meanwhile, contractors, forced to sit idle, continue to be paid with U.S. tax dollars while the border crisis…(READ MORE)
Taliban Released Kabul Bomber from Prison Prior to Attack
“There were 7,000 prisoners housed there – terrorists, the worst of the terrorists - held separately from other terrorists."
 
Willie R. Tubbs, FISM News
The man responsible for the deaths of 13 U.S. service members and more than 150 Afghans had been in prison only days before, sources said Wednesday. 
 
Both Fox News and CNN, citing numerous sources in the intelligence community, reported that Abdul Rehman Al-Loghri, an ISIS-K member who on Aug. 26 carried out a suicide bombing at Kabul’s airport, had been in prison at Bagram Air Base as recently as Aug. 15.
 
It is unclear on which date it occurred, but the Taliban released Al-Loghri, along with thousands more prisoners, at some point between the moment they took-over the base…(READ MORE)
House Democrat Introduces Legislation Requiring Forced Sterilization, Three-Child Limit
Former Speaker of the House Newt Gingrich, also responded to the law in a tweet referring to the proposal as “more far left insanity.” 
 
Chris Lange, FISM News
Democrats have introduced a new shocking piece of legislation that would force men to undergo vasectomies and place a cap on the number of children allowed per family.

The bill would also provide a $10,000 reward to anyone who turns in those who violate the law to authorities.

memorandum outlining the proposed bill was sent to members of the House on Monday by Rep. Christopher Rabb (D-PA). The bill would require all fathers, whom Rabb refers to as “inseminators,” to undergo vasectomies “within 6 weeks from having their third child or their 40th birthday…(READ HERE)
Biden Reportedly Concedes on Smaller Price for Progressive Wishlist Bill
With Manchin in mind, Biden reportedly suggested the bill should be somewhere between $1.9 trillion and $2.2 trillion.
 
Ian Patrick, FISM News
President Joe Biden told progressive House Democrats that the massive $3.5 trillion Build Back Better bill may need to come down in its final price tag, according to two sources familiar with the matter.

During a virtual meeting on Monday with the House Progressive Caucus, Biden discussed the possibility of dropping the price tag “to get the bill passed.” A source familiar with the call said the progressive members noted they want to pass “as robust a plan as they can” according to CNN.

Congressional progressives have been staunch on passing the full $3.5 trillion bill alongside the $1 trillion infrastructure bill, but have met resistance from Republicans and moderate members...(READ MORE)

Experts Warn Americans to Brace for Rising Heat Cost This Winter
The strain of rising fuel costs is being felt in other parts of the world as well...
 
Chris Lange, FISM News
Americans, already hit with rising inflation costs, are about to face another blow, as national gas prices already up 180% from last year, are expected to continue to soar into the winter months.

According to the National Energy Assistance Directors Association, homeowners can expect to see about a 30% increase in their heating bills this winter, bringing the average cost of heating a home from $572 to $750.

According to a Reuters report, the cost of natural gas in the U.S. has more than doubled…(READ MORE)
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