Why the Fed won't cut rates

There's a new storm on the horizon. But this is the kind of storm that brings relief on a hot summer evening. There is the scenario of a high for long soft landing on the horizon. A world in which rates stay high, but there's sufficient resilience in the economy to tolerate these high rates. About a 30% probability on this high for long soft landing, combined with the other scenarios of boil the frog with high rates as well, we see about a 75% chance that rates just stay higher than what is currently anticipated.

In terms of the CPI report from March, it obviously came in a bit firmer than expected. And so you're running at rates that are still, a bit uncomfortably high for the Fed. But more importantly, Fed officials had looked at the January and February numbers as maybe kind of an outlier, a bit of a one-off, probably a little bit stronger with underlying trend was. And so, another strong print for March certainly undermines that view and potentially shifts the Fed a little more cautious direction.

And obviously that's what's been reflected in market pricing and taking out some of the cuts that we've had. We're down to, atm, fewer than two cuts by year-end price for the market right now.

The two pieces the Fed had been kind of separating out between housing and the super core. Both of them have been firmer than expected. Housing is basically kind of moving sideways, 0.4 plus per month.

Investors have been expecting it to be gradually cooling a bit more. And the big one obviously is the super core. The three-month run rate of that thing is now above 8%.Thus that's a really strong signal that you've got some meaningful stickiness yet in services inflation. And that's just not the US.

Two points make a line, three points make a trend, and you've got strong growth, not much delinquency and Labor markets are super strong. Why shouldn't Powell just look at this and saying, you know what, the Fed's not done here.

At minimum, they should not be cutting at all. Maybe they should be even hiking. Is there even a counter to that?

Japan

Institutional clients have a very positive outlook on the Japanese economy because they believe that Japan exiting a deflationary era. And you're starting to see things like very tight labor market, higher wage pressure, so real inflationary forces come to the forefront.

Emerging Markets (Interesting counterbalance)

So investors did shift their bias from a bullish one to a more neutral one on both EM local bonds. And currencies off the back of yesterday's US CPI print. After arguing for some time that so long as the Fed is cutting rates, the timing didn't really matter all that much.

But if the market is confident of being in a gradual cutting cycle, that alone would be sufficient to help emerging market assets deliver decent positive returns. And that also explains why, despite a pretty decent repricing in the US yield curve lately. Back in January, markets were pricing in over 100 basis points of cuts.

And now it's far less. EM assets overall held in well on the view that the regime was still one of rate cuts and people can debate the details of timing and overall magnitude. But now, the US has had three consecutive upside surprises to CPI inflation.

That opens the door for a more bearish potential scenario and regime for fixed income assets more generally. So not saying that's the base case now, but clearly the probability of something like the market having to think about no cuts is increasing. So it makes sense to step aside a little bit and let the dust settle on this one.

At EM local bonds, if you look at them inflation adjusted, in real yield terms, those EM real yields are actually the highest since 2009 at the moment, given the lower relative EM inflation. EM currencies are also generally cheaper. If you look in long-term versus the dollar, looking at how EMs been lagging some of these global cyclical upturns at the moment, the valuation side of things is probably not in a bad place right now. And if you look at EMFX risk appetite index, which is good to follow, it's been sort of oscillating around zero (not as of 12 hours ago though lol when I started writing this. More on that below) as well, not showing any significant positions.

If you look at sort of global investors, if you just take flows as a metric of their sentiment and how they've been seeing the asset class, they really have not been putting any money into EM bond funds. In fact, quite the opposite. So far this year, there has been 10 billion of outflows. That's on the back of 34 billion of outflows last year.

And that was on the back of 90 billion of outflows in 2022. So it just doesn't feel like the global investor has been piling into EM. In fact, the opposite, they've, on the margin, been withdrawing money from the asset class.

So it's important to recognize that emerging markets have their own inflation story. It's no longer being driven by a common global factor, as was the case back in 21 or 22. And the contrast this week between the downside surprise in inflation in Mexico, which is the EM country with the greatest trade and economic linkages to the US versus the upside surprise here in the US, that was quite telling about the sort of independent monetary policy and inflation trajectories that we see in emerging markets.

So, in an environment where the market is questioning the Fed's ability to cut at all against the backdrop of firming global growth is not necessarily a bad one for credit markets as recession risks are being seen as fallen and certainly that's what US economists think. But it's going to depend which bit of the credit markets and that's been our theme for a long time. Fundamentally, there's also quite a lot of idiosyncratic driver in those, let's call them post-distressed EM sovereigns who are coming off the back of a couple of years of really special situations distress,[COVID and CHINESE BRI DEBT] some going through restructuring, some narrowly avoided it.

And those are drivers which are just, it's a very big cyclical driver coming off the back of a distress period, which is probably not going to be affected as much by even a rethink of this fed path as the market's going through.

What do I think?

So probably sticking with those post-distressed, very high yield type of countries in sovereigns is probably right. For the lower spread portion, you could see people start to look at it and ask and ask an environment where core rates are going to stay higher for longer, where the value proposition is in there.

EMFX with high yields as outflows increase as FED continues to hold rates still or maybe even hike is a good strategy. 70/30 is also good. 70 in US money markets, 30 in EMFX money markets.

Notes for further Study:

https://www.xtb.com/en/market-analysis/risk-appetite-sinks-as-risks-hit-the-market

2015 paper from Morgan Stanley: https://www.morganstanley.com/im/publication/insights/investment-insights/ii_emergingmarketattractive_en.pdf

https://www.bloomberg.com/news/articles/2024-04-12/emerging-market-currencies-hit-two-month-low-on-flight-from-risk

!math !r-slurs

Caution: ALL INVESTMENT ADVISE IS OPINION. MARKETS ARE RISKY. INVEST AT YOUR OWN RISK. I BEAR NO RESPONSIBILITY IN ANY OF YOUR INVESTMENTS.

https://twitter.com/DrDhruvchauhan/status/1779817752485831087

the comments here are some of the most callous I've ever seen

Because finding a new profession is outta the question?

It's India. If you drop out of residency, you're begging to be hit by your parents

From what I've seen, it's absolutely normal for residency to be crazy and stressful everywhere. This just seems like a goofy stunt.

Here are a few very common posts from /r/residency over the past few days for reference.

Are residents bullied by NPs and Nurses or other folks?

Burned out/extreme tiredness

Operating on 40+ hours of sleep deprivation should NOT be a pre-requisite to being a surgeon

https://en.aeroflap.com.br/royal-jordanian-airlines-speaks-out-about-riot-with-armed-security-on-its-flight/

Apparently this happened months ago, and the gentlemen in question were protesting a mid flight destination change, it's muddled but I think it was emergency .

https://old.reddit.com/r/CrazyFrickingVideos/comments/1c54urk/air_marshall_pulls_out_gun_after_passengers/?sort=controversial

https://en.aeroflap.com.br/royal-jordanian-airlines-speaks-out-about-riot-with-armed-security-on-its-flight/

phil is bourgeois 14:29

• Jinxthinker woke up with Phil on his mind. DSP cheerleaders are in the background. DSP is a bourgeois socialist; he's a governer general of the North American Dominion. He's a representative of Christ the King in North America.

• He proceeds to tell us how Jesus' apostles were bourgeois.

• Phil gets mad emo kitty. Jinxthinker likes industrialized emo kitty. Jinxsister told him that he likes emo lesbians in the family group chat. 2:00

• DSP makes fat stack daily, pictured below. This makes the pedocracy hate him (he's a married feudal socialist)

• Joshua Coon Moon Cricket is part of Biden's crew of DSP haters 4:00

• Islamophobia, transphobia, and homophobia are the same words; they're all made up bullshit by "AIDS monkeys". He then describes the "AIDS death star". 5:45

• Jinxthinker wants to be DSP's Saint Paul. Proceeds to talk about fricking emo bitches 6:30

• Carpathiancute twink said the old testament was too Jewish for him and he needed Plato and shit. He called Christ a "nice religious girl". Carp is a fake catholic and a cute twink. 7:45

• DSP hates non-binaries and is a proud feudalist. DSP owns big peepee productions.

• Jinxthinker relapsed he watched some Elden Ring videos and almost reinstalled the game 8:50

• Fallout New Vegas is a shit fricking game. The gameplay is like reading an encyclopedia. 3 and 4 also suck 9:30

• We have to do a song for Phil. Lexi Jayde- If I Really Love You. (This song is literally about DSP) 10:20/12:45

• Jinxthinker would have a mojito and burrito and Phil would have a margarita and chimichangas when they're hanging out.

• We sing the want to frick sexyboi Phil song13:35

!jinxthinkers I hope you don't enjoy Fallout New Vegas (you will be executed by DSP)

https://t.co/2UYKNTgA1Z pic.twitter.com/WicU6OpDJi

— Alyssa Leader (@alittleleader) April 15, 2024

Even though we all like to dunk on the WNBA and the simple economics suggests it might be possible for NBA mascots to make more than their players, you're probably wondering how does a mascot make 625k a year? It's because he's badass.

Look at him go. He doesn't have time to be worrying about kitty shit like death.

Imagine doing this shit with giant mittens on.

Just like her sister in law!

Top Drama

Relative Drama (takes into account the size of the subreddit)

autodrama: returning jobs to dramautists. Ping HeyMoon if there are any problems or you have a suggestion

Bardfinn continues her culinary blogposting with this latest delicacy.

Turkey in Paprika Sauce with celery and steamed green beans.

Now I know you burgers have different words for things, but I can't find any turkey, celery or sauce on the above plate?

I can see some reconstituted meat cubes and some canned green beans on top of rice, but that's about it.

What even is that meat product? Let me know if you can identify it.

Edit: it is almost certainly the turkey variety of SPAM or something similar available in Burgerland:

Look at the texture of the reconstituted turkey spam. Look at the shape. This is disgusting.

!bardfinn

All seeing eye refunded 👀

Absolutely sad. More videos of Lexi Bonner a 14y old attacking and nearly killing an 8yold boy who just wanted to be friends #lexibonner #fight #bully pic.twitter.com/0P4RHGqoMW

— breeckkie (@Brrxie2k24) April 15, 2024

I found a statement from the little boy's mom. He didn't almost die. He had some bruises and he was upset (and also a little bit of a kitty imo I guess there's a more video where she's pretty rough with him).

Somehow this story has morphed into multiple broken bones, a broken spine, and near death.

People are of course handling it well

Very normal behavior here

Okay that one's true

Not satisfied with prison for the girl and her mom, this morally righteous crusader wants her in jail and crippled. The girl is 14 btw

"People said"

People have been doxxing her and her family, of course

I've barely touched the surface of just how absolutely apeshit people are going over this

More threads I've tracked down

https://twitter.com/DylanS99/status/1779703686790344760

All the videos of the bullying:

https://twitter.com/MissRaasclarrtt/status/1779957130021265753

Did I mention this girl is 14? Grown dudes fantasizing about curb stomping little girls lmao wtf

That picture had her home address, family member's names, name of her school, and parents cars including license plate numbers

Does that neighbor realise from software is very closed studio full with boomers and almost no foids ?

I'm not sure if the OP Is bait or mental r-sluration or pure wingcuck propagandist.

Citing safety, USC bans pro-Palestinian valedictorian from speaking at graduation

Saying “tradition must give way to safety,” the University of Southern California on Monday made the unprecedented move of barring an undergraduate valedictorian who has come under fire for her pro-Palestinian views from giving a speech at its May graduation ceremony.

The move, according to USC officials, is the first time the university has banned a valedictorian from the traditional chance to speak onstage at the annual commencement ceremony, which typically draws more than 65,000 people to the Los Angeles campus.

In a campuswide letter, USC Provost Andrew T. Guzman cited unnamed threats that have poured in shortly after the university publicized the valedictorian's name and biography this month. Guzman said attacks against the student for her pro-Palestinian views have reached an “alarming tenor” and “escalated to the point of creating substantial risks relating to security and disruption at commencement.”

“After careful consideration, we have decided that our student valedictorian will not deliver a speech at commencement. ... There is no free-speech entitlement to speak at a commencement. The issue here is how best to maintain campus security and safety, period,” Guzman wrote.

The student, whom the letter does not name, is biomedical engineering major Asna Tabassum. USC officials chose Tabassum from nearly 100 student applicants who had GPAs of 3.98 or higher.

But after USC President Carol Folt announced her selection, a swarm of on- and off-campus groups attacked Tabassum. They targeted her minor, resistance to genocide, as well as her pro-Palestinian views and “likes” expressed through her Instagram account.

“This is a security decision,” he said. “This is not about the identity of the speaker, it's not about the things the valedictorian has said in the past. We have to put as our top priority ensuring that the campus and community is safe.”

Another campus official who was part of the decision, Erroll Southers, said threats came in via email, phone calls and letters. Southers is USC's associate senior vice president for safety and risk assurance.

Individuals “say they will come to campus as early as this week,” Southers said. He did not elaborate.

Now was it threats of or threats of

The school chose her out of 100 top applicants. So clearly they looked at her and her background and could extrapolate her views on the Israel Palestine war and still chose her. Yet the Israel OP is trying to convince them it's because of her antisemitism.

Meanwhile the threats were from Jews

It's out there. If you can find it. But rather than show you how despicable it is, OP won't share it.

Cancel her!

OP comments this I guess to prove his point that USC stands with Jews...but it's 3 years old

I'm leaning toward mental r-sluration.

Minor in Genocide sneed

Totally useless degree. The education system has failed. Billions must...wait.....

https://catalogue.usc.edu/preview_program.php?catoid=8&poid=7496

Some of the courses offered

• The Shoah (Holocaust) in Literature and the Arts

• The Holocaust in Italian Fiction and Film

• Music and the Holocaust

• The Holocaust in 20th Century Europe

• Life and Death in Nazi Germany

• Anti-Semitism, Racism and Other Hatreds

It looks like you can get the degree without taking any Holocaust specific courses, but it's so funny to see them sneeding about this when these are some of the options. How many Jews are taking these classes? How many of the professors offering it are Jews?

/r/LeopardsAteMyFace

Dear white men.

You’re fucked.

You’re being replaced because none of you have children.

Even those of you bitching about the replacement online like little girls don’t find the gumption to fuck.

I see white men bragging about having 5 kids as if it’s an achievement. lol.…

— Andrew Tate (@Cobratate) April 16, 2024

LMAOOOO. They're begging online for their women to love them instead of just being a real neighbor

https://twitter.com/_r_p_t__/status/1780182603083268215

The difference from our race to you and your Arab/Muslim friends is that we don't mass r*pe women and children

Your people live in huts and bombarded cities - you come to the West and try to flex your superiority when in reality it's just savagery

Sit down

https://twitter.com/elanmoskcoin/status/1780181389209481707

Bring back milkman's !

Another old building suddenly catches fire, this time the 17th-century old Stock Exchange in Copenhagen. 😑 pic.twitter.com/K0V4YT1CLu

— THE FLAT EARTHER (@TheFlatEartherr) April 16, 2024

Happy Confederates Lost The War Day pic.twitter.com/7UbJArzjKR

— Polling USA (@USA_Polling) April 9, 2024

Should be a national holiday smh

National today but only northern states get PTO

Former slave states should get mandatory work day with no pay

>Native American woman praising Sherman

Who's gonna tell her?

How much want to bet her boyfriend is a white

That like betting if the Sun will rise tomorrow

(https://twitter.com/BurnInHellParag/status/1778164587604460031)

Congolese-killing

I thought this was funny then I looked at the comments and the absolute seething from dorks mad that she's Asian made it 10xs funnier.

It's so funny that a goth highschooler on r/ShermanPosting managed to make so many people mad. Like...her other reddit posts are about the cool pants she found at Hot Topic (literally). Just 10/10 stuff.

There were exactly 0 union soldiers who behaved like this

Grant was hitting the dab as his troops marched on

He was actually hitting the bottle

Yet you still fear them to this day. Interesting.

No need to fear dead traitors to the republic 🦅

But you do.

Love how leftists are only patriotic from 1861-65.

American libs are only allowed to be patriotic when they're celebrating killing their own countrymen and I think that's funny

the men who actually fought in that war:

(In a press-staged photo, not showing injuries sustained from one of the Confed vets starting a fistfight with a Union vet for complimenting Lincoln)

Turns out that dunking on the Confederacy is what makes conservatives go "can comedy go too far?"

Oh, no ancestors who fought in the civil war? Opinion discarded.

Have some respect. The civil war was a tragedy in our history and people who have next to no connection to it making memes pissing on the graves of southern soldiers is sick.

this applies to most ethnic whites today whos ancestors came in the late 1800s and early 1900s but I totally agree its weird af when I see people in California fly a confederate flag or something. Its not your culture at all

Most of these people who hate the confederacy hate the union and will call America stolen land.

My ancestors fought for the confederacy.

It's good that they lost.

Traitors to what? The military pledges an oath to the Constitution, not to the number of states in the Union.

Today, the only way to preserve Americanism and the interests of real Americans is to initiate a National Divorce. Help Louisiana or Texas lead the red states out!

Native Americans despite being actual victims of colonialism and genocide still exist, whereas the Confederacy doesn't.

Native Americans: 1

Neo Confederates: 0

Union soldiers, get this man's butt

As someone with ancestors that served in the Union army, I'd like you to know that they'd declare you the enemy before any Confederate.

The Union troops did not fight for you and would loathe you if they were alive today.

You do know that the vast majority of natives fought with the confederates and against the union, right?

I don't recall the Natives gaining much from the Civil War.

A decent amount of Native American tribes fought for the Confederacy solely because they wanted to keep their slaves

In other words, happy indigenous peoples day amigx 🏳️‍⚧️❤

“The south were losers get over it” crowd reeeaaally don't like it when you extend that logic to Native Americans and colonized Africa.

It's important to remember when you see this video that soldiers who fought on both the Union and Confederate sides of the American Civil War crushed Mexico in a humiliating defeat where their land was only not annexed because we decided that we didn't want their people.

Is hating the confederacy some new way for 1st/2nd gen Americans to virtue signal their loyalty to the regime? Never see a white person doing this. Always Asians or something. There's also a weird trend of Asians to be very race conscious now, like they're upset they missed out.

Yes because we all know about the stories of those battalions of Korean women fighting the Southern states wanting to exercise financial agency and exercise the right to succession without being invaded by a Bankrupt corrupt Group who denied them representation in Congress

This is what rightoids actually believe

my ancestors fought for the union and i still think the punishment for dancing on graves of confederate soldiers should be immediate deportation

at minimum. you don't get to show up here and defile the legacy of the people that brought you in

Grant 🤝 Lee

Conquering Mexico

The problem with being a bumbling aesthete is that you don't know jack about actual history.

Grant was deeply ashamed by the Mexican–American War and his own participation in it, and considered it an unjust war that brought on divine punishment in the form of the Civil War.

Word...

If you're mad at this, there's only one explanation..

Never met a bigger bunch of sore winners. Who the frick gets off on degrading peoples ancestors? The Union defeated the secessionists. Why would anyone still be gloating 160 years later?

Imagine emigrating to China as an American and making TikTok videos mocking the Qing Dynasty dressed as Sun-Yat Sen.

Chinese people would laugh and think it's funny

That would be hilarious.

1. One of the major justifications towards overthrowing the Qing was racial identity, the Han made up the vast majority of China's populace. Sun Zhongshan described it as so.

“A political revolution must proceed simultaneously with the nationalist revolution. When we overthrow the Manchu regime, we will achieve not only a nationalist revolution against the Manchus but also a political revolution against monarchy. They are not to be carried out at two different times.”

1. Nobody would care, good luck finding someone who has any sentimental feelings towards the Qing Dynasty, except for maybe a handful of people in the northeast.

1. Comparing the Confederacy to the Qing Dynasty is the ultimate insult if you really think about it, and probably not a good parallel to draw.

It's not your history. But I understand your impulse to identify with the Union Army given that many of them were also immigrants who shared little history with the men whose ancestors established this country.

She'll be going back btw

Abraham lincoln wanted to send ex-slaves back to Africa. The idea that the average Union soldier (who was conscripted to fight), would side with this asian chick over the confederates is honestly hilarious.

There's literal written letters of standard regular troop men in the union writing back home talking about how they didn't know slavery was like this and regret it immensely. Human beings are capable of empathy

Ah yes, those devout Protestants would surely trade in their lives for the right of their decedents to be made a minority by sodomites! You read a few letters saying slavery was wrong, of course that's the end of it

Like I said, r-slur, even strident abolitionists like Lincoln wanted to send them back to Africa. They would not be on your side. They would despise you

Like seriously, read Sherman's thoughts

You are spiteful and angry, your ancestors would not smile upon your rage but find it pathetic. People who think like you do tried to do action on January 6th and you failed horribly, that's because you are all keyboard warriors and not at all a threat, as you think. I pity you

Notice how they cannot contend with the actual beliefs of the people of the time, so they do the typical r-slurred leftist thing and try to psychologize over a few internet posts (something no actual psychologist would do lmao). Do you actual think a single union soldier would prefer the company of a foreigner over those in the south? We can see the policies they voted for when they got home r-slur.

why would she care

Because those same union soldier went on to, overwhelmingly, ban her ancestors from coming to america with numerous asian/chinese exclusion acts. It is so pathetic that she has no connection with her own homeland (as they got dominated by the west) and then she must larp as a union soldier, who would despise her being in their country.

"The north was also racist, so that's why i must support the "we love slavery" guys"

A brown non-American woman is definitely a Union Yankee and not a border hopping wetback

Why is the union soldier a chinese woman

Who do you think built the underground railroad

The Confederate army was led by General Bruce Lee. Google it.

who do u think fought the war just old straight white christian men?

Uh, yes. The majority of them were I believe. I certainly doubt there were many if any Chinese ladies fighting for the Union, correct me if I'm wrong. Not that I really take any issue with this lady making a pretty dope video depicting it tho

hope ur sitting down for this but at least half, if not more, of the unions front line troops where chinese women

This girl's ancestors probably got killed in the Taiping Rebellion, where 30 million Chinese died over question of whether to worship a European religious cargo cult or a European imperial proxy state. Now their great-granddaughter is internet dancing about the American Civil War

she's filipino, you guys need take being racist more seriously.

The Civil war in Taipei?

Where were her ancestors in 1865?

French Indochina

Blowing themselves up making a railway west to california

Anyone who likes the rebel tears meme is either gay, obese, or an overbearing woman.

I like the rebel tears meme because the South sold out to British commerce and Jewish finance in opposition to President Lincoln who was basically a fascist.

Lincoln was the American Cromwell.

He was a proto-Bolshevik and Marx recognized him as such.

Lincoln was the American Otto von Bismarck

Rightoid infighting

The confederacy were democrats

- Blames Democrats for slavery

• Defends the Confederacy

Republicans in a nutshell.

I will continue to fly the stars and bars in my northern state.

Standard weeb response

Femboy who would get hate-crimed by his fellow Confederate participation trophy celebrants

Without fail, it's the chibi art pfp.

It's cropped hentai, actually

Average RuZZia stan

please k¥s homura will never like you homura will never be ur wife homura will never be ur “l0li” DIE DIE DIE

Foid seething lmao

I feel like old school racists would be absolutely disgusted with racists who love anime

Lmaoooo they crossdress too. Bringing back a confederate general and telling him his cause is being carried by a crossdressing fan of Asian art forms just so I could see them melt into a puddle of rage

Northerners would freak if they met one of my black buddies. Ones named black country who wears rebel flag shirts and hats. Rural black people are the best.

If your ancestors didn't fight for either side your opinion is largely irrelevant.

do you hold this view for all wars and events occurring in world history?

uhm. bad take. union soldiers were NOTORIOUSLY transphobic

and you're telling me that the people down in the south weren't??

oh so other people's transphobia excuses their own bigotry? do better

These edits have to be a reverse pschology dixie propaganda man they're cringe af

@Aevann consider making defunct badges (fish, allseeing, and unblockable in the near future) distinct in some way like grayed out art

!badgemaxxers discuss your newly exclusive badge

There is a secret about Catharism that I have discovered, it actually stems from the alleged daughter of Jesus.

Jesus had a daughter who was born as the result of the union between Mary Magedelene and Jesus himself, she was mentioned in writing and folklore as a servant of Jesus and never canonized as a Saint, but she is a Romani folk-Saint. This was censored by thr Church and her existence was hidden from history.

https://en.wikipedia.org/wiki/Saint_Sarah

Fables stemming from the middle ages state that her (she was represented as a "servant" of Jesus), Mary Magedelene and Lazarus were placed on a boat without a paddle, due to persecution, eventually they ended up in France.

https://en.wikipedia.org/wiki/Mary_Magdalene#The_Golden_Legend

If you want to know why I posted the video of the Cathar chant, although there are beliefs that have been misunderstood or changed as time went on over the 1300 year period, if there was a religion that stemmed from the direct teachings of an ancestor of Jesus directly, what would it look like? Why was the Church so insistent and threatened by Cathars, who were peaceful and lived a life of abstinence even committing genocide to wipe them from History? The Church in the middle ages tried to destroy anything that revealed the truth about Jesus and mold the religion to their whim to help them become a political and economic power.

It's because Catharism is the cup that holds the holy water. The Nazis even discovered this secret and mentioned it in their occult order.

https://en.wikipedia.org/wiki/Catharis

!actualbiofoids

I try to understand Jesus for how he actually was, not how the church represented him.

One thing you should know about Jesus, is that nobody in a human incarnation is free of "sin", it's part of the part of the condition of being human. The cathars rationalized this by saying that Jesus wasn't in a human incarnation and was an angel, but quite frankly, Jesus likely wasn't perfect. He may have been pure in heart, in spirit, but there were things that the daughter of Jesus knew that the church didn't want known. His issues with anger do shine through and are mentioned in the case with the money lenders on the temple, he still had a lot of stress and pressure placed upon him.

Do I think less of Jesus for that? No, I don't. If Jesus was in a material body and born on this earth from a virgin birth, according to the natural laws of the human condition, he wasn't free of sin. Only way he could have been free of sin if he wasn't born in a human incarnation in an earthy body.

How do I know this? I was the incarnation of the daughter of Jesus in a previous life. It's how I receive intuitive insights on him.

The Church misrepresented the fact that Jesus wasn't perfect in their heresy gospels as some Cathar sects believed that the "earthy Jesus" was evil. This is wrong, they taught he wasn't perfect.

Part of being in a human incarnation is that you do sin, only way Jesus could have been free of sin was if he wasn't material.

@Maximus do the people not care about pepe anymore?