The cost of lack of leadership is being felt across the world

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 Biden Administration’s Vacuum of Leadership
  • The vacuum of leadership can also now be seen in Sudan conflict. The Biden administration has reportedly abandoned 16,000 US citizens in the country, who were left there to make “life or death decisions”.
  • “[Y]ou had President Xi in Moscow with Putin earlier this week, you have a China negotiating relations and some sort of normalization between Saudi Arabia and Iran is all evidence of a vacuum that’s been created… It’s a vacuum of American leadership. It’s one of the reasons why we need strong bold leader, we’re the leader of the free world. And if America is not leading in the free world, the free world is not being led.” – Former Vice President Mike Pence, interview with radio host John Catsimatidis on WABC 770 AM, March 23, 2023.
  • Russia is taking over Sudan, reportedly for its gold and to build a port that will be able to block shipping through the Suez Canal. Iran’s ruling mullahs have reportedly poisoned “hundreds of schoolgirls” to try to discourage them from receiving an education. Last week, another oil tanker was seized in the Gulf of Oman; and an interrogator recently broke the kneecaps of a 70-year old grandmother, a political prisoner serving 10 years in prison.
  • Why is the United States allowing this monstrous Iranian regime to acquire nuclear weapons?

Read the original article by clicking here.

Economic Conditions and Leadership are at the top of Americans’ concerns in new Gallup poll

Economy Gallup Pole

Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore

Important Takeaways:

  • Gallup: 83% of Americans View Economic Conditions as ‘Poor/Only Fair’
  • A new survey shows that 83% of American adults view current economic conditions as “only fair” or “poor,” reported Gallup. In addition, 72% think economic conditions are getting “worse.”
  • On other issues, only 2% of Americans said “Environment/Pollution/Climate change” was the most important problem facing the country, and only 2% said the “situation with Russia” was a top problem.
  • 20% said “the government/poor leadership” is the most important problem facing America today; 11% said “immigration.”

Read the original article by clicking here.

Sterling drops as PM Johnson sent to intensive care

By Karen Brettell

NEW YORK (Reuters) – Sterling dropped against the dollar and the euro on Monday after it was reported that British Prime Minister Boris Johnson has been moved into intensive care after his COVID-19 worsened.

“Over the course of this afternoon, the condition of the Prime Minister has worsened and, on the advice of his medical team, he has been moved to the Intensive Care Unit at the hospital,” Downing Street said.

Sterling dropped against the greenback to $1.225, from around $1.230 before the report. The euro gained to 0.881 pence against to pound, from 0.877 pence before the news.

“If he is impaired from resuming his official duties, then it creates some complications but we have to wait and watch,” said Ilan Solot, an FX strategist at Brown Brothers Harriman.

British Foreign Minister Dominic Raab is designated to take over leadership of the country if Johnson is unable to fulfil his role.

“It is unclear what the emergency succession plan would be for the prime minister. Markets hate uncertainty and this does not bode well for further steps in battling COVID-19 and for future Brexit trade negotiations,” said Edward Moya, senior market analyst at OANDA in New York.

The drop in sterling came as the market more broadly reflected stronger risk appetite on optimism that the spread of the novel coronavirus in the United States and Europe could be tapering.

The governors of New York and New Jersey said on Monday their states were showing tentative signs of a “flattening” of the coronavirus outbreak, but they warned against complacency as the nationwide death toll topped 10,000 and the number of cases reached 350,000.

European nations including hard-hit Italy and Spain have started looking ahead to easing coronavirus lockdowns after steady falls in fatality rates.

“Today’s currency moves are following the risk-on playbook closely,” analysts at Wells Fargo led by Erik Nelson said in a report on Monday.

The Australian dollar <AUD=> jumped 1.55% to $0.6088.

The dollar gained 0.64% against the Japanese currency <JPY=> to 109.14 yen.

Japan is to impose a state of emergency in Tokyo and six other prefectures as early as Tuesday to contain the coronavirus, while the government prepares a $990 billion stimulus package to soften the economic blow.

But, “we think today’s JPY weakness has more to do with the strength in global equities than reports of a possible state of emergency declaration in Tokyo,” Wells Fargo said.

The euro dipped before euro zone finance ministers are expected to converge on Tuesday on three quick options to support the economy during the epidemic.

Officials have until April 9 to design a package that satisfies members with completely opposing views: those calling for joint debt issuance and those fiercely against it.

The single currency <EUR=> was last down 0.11% against the dollar at $1.0796.

(Additional reporting by Saikat Chatterjee and Dhara Ranasinghe in London; Editing by David Gregorio and Marguerita Choy)