NOV 16//WEEKEND ACCOUNTS ON THE ILLEGITAMATE ELECTION//GOLD UP $2.20//SILVER UP 5 CENTS/GOLD STANDING ADVANCES TO 17.8133 TONNES//MAJOR DEFAULTS IN CHINESE MINING COMPANIES//MORE SWAMP STORIES FOR YOU TONIGHT//

GOLD:$1889.20 UP  $2.20   The quote is London spot price

Silver:$24.72  UP $0.05   London spot price ( cash market)

Closing access prices:  London spot

i)Gold : $1888.50  LONDON SPOT  4:30 pm

ii)SILVER:  $24.76//LONDON SPOT  4:30 pm

these people voted for Biden/Harris ticket!
 
 
 

Image

 
TONIGHT,  in the USA section, I have highlighted the major stories 
which happened throughout the weekend.
I urge you to listen to the tapes, and read the corresponding commentaries.
You will come to the same conclusion as I that this was a massive fraud orchestrated by the CIA (with mega help from the democrats) in their attempt to the rig the election. Their actions are nothing short of treason!
 
 
 
 

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation.
 
 
 

CLOSING FUTURES PRICES:  KEY MONTHS

DEC. GOLD  $1887.90   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $1.300/ BACKWARD   // GOOD FOR EFP ISSUANCE//GOOD FOR EUROPEANS TO BUY COMEX GOLD///

FEB GOLD:  1894.40 CLOSE 1:30 PM  SPREAD SPOT/FUTURE:  $5.20 CONTANGO//80 CENTS BELOW NORMAL CONTANGO

CLOSING SILVER FUTURE MONTH

SILVER DECEMBER  CLOSE:     $24.82  1:30  PM SPREAD SPOT/FUTURE DEC.       :   10  CENTS PER OZ  CONTANGO (   10 CENTS ABOVE NORMAL CONTANGO

SILVER MARCH CLOSE:  24.92/SPREAD SPOT/FUTURE:  A   20 CENTS

11 CENTS ABOVE NORMAL CONTANGO

XXXXXXXXXXXXXXXXXXXXXXXXX

 

COMEX DATA

 
 
 

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

receiving today: 4/268

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,885.700000000 USD
INTENT DATE: 11/13/2020 DELIVERY DATE: 11/17/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
167 C MAREX 33
332 H STANDARD CHARTE 6
435 H SCOTIA CAPITAL 33
624 C BOFA SECURITIES 133
657 C MORGAN STANLEY 1
657 H MORGAN STANLEY 100
661 C JP MORGAN 3
661 H JP MORGAN 1
709 C BARCLAYS 223
737 C ADVANTAGE 1 2
____________________________________________________________________________________________

TOTAL: 268 268
MONTH TO DATE: 5,680

issued:0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

 
 

NUMBER OF NOTICES FILED TODAY FOR  NOV. CONTRACT: 268 NOTICE(S) FOR 26,800 OZ  (0.8355 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  5680 NOTICES FOR 56800 OZ  (17.667 tonnes) 

SILVER//NOV CONTRACT

 

0 NOTICE(S) FILED TODAY FOR nil  OZ/

total number of notices filed so far this month: 650 for 3,250,000  oz

BITCOIN MORNING QUOTE  $16,289   UP 326

BITCOIN AFTERNOON QUOTE.  :$16,770  UP 804 DOLLARS .

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

WITH GOLD UP $2.20 AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT:   WHERE ARE THEY GETTING THE “PHYSICAL?

 A HUGE WITHDRAWAL OF 5.25 TONNES FROM THE GLD

MAKES NO SENSE AND THIS IS A MASSIVE FRAUD

INVENTORY RESTS AT:

 

GLD: 1,234.32 TONNES OF GOLD//

 

WITH SILVER UP  $0.05  TODAY: AND WITH NO SILVER AROUND:

A HUGE WITHDRAWALOF 1.209 MILLION OZ FROM THE SLV

INVENTORY RESTS AT

SLV: 568.162  MILLION OZ./

 

XXXXXXXXXXXXXXXXXXXXXXXXX

 

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

IN SILVER THE COMEX OI ROSE BY A STRONG SIZED 1430CONTRACTS FROM 159,218 UP TO 160,648, AND CLOSER TO  OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR RISE  OF $0.43 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION, AND A ZERO INCREASE IN  STANDING AT THE COMEX FOR NOV.  WE HAD AN VERY STRONG NET GAIN IN OUR TWO EXCHANGES OF 2958 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1450, AS WE HAD THE FOLLOWING ISSUANCE:   DEC:  950, MARCH 500 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1450 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON)AS THEY ARE NOW BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL.  THE COST TO SERVICE THESE SERIAL FORWARDS IS HIGH TO OUR BANKERS  BUT THEY HAVE NO CHOICE BUT TO ISSUE AS MANY AS THEY CAN!

HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 26 MONTHS.

 

JUNE/2018. (5.420 MILLION OZ);

FOR JULY: 30.370 MILLION OZ

FOR AUG., 6.065 MILLION OZ

FOR SEPT. 39.505 MILLION  OZ S

FOR OCT.2.525 MILLION OZ.

FOR NOV:  A HUGE 7.440 MILLION OZ STANDING  AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

18.845 MILLION OZ STANDING FOR SILVER IN MAY.

2.660 MILLION OZ STANDING FOR SILVER IN JUNE//

22.605 MILLION OZ  STANDING FOR JULY

10.025   MILLION OZ INITIAL STANDING IN AUGUST.

43.030   MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)

7.32     MILLION OZ INITIALLY STANDING IN OCT

2.630     MILLION OZ STANDING FOR NOV.

20.970   MILLION OZ  FINAL STANDING IN DEC

5.075     MILLION OZ FINAL STANDING IN JAN

1.480    MILLION OZ FINAL STANDING IN FEB

23.005  MILLION OZ FINAL STANDING FOR MAR

4.660  MILLION OZ FINAL STANDING FOR APRIL

45.220 MILLION OZ FINAL STANDING FOR MAY

2.205  MILLION OF FINAL STANDING FOR JUNE

86.470 MILLION OZ FINAL STANDING IN JULY.

6.475 MILLION OZ FINAL STANDING IN AUGUST

55.400 MILLION OZ FINAL STANDING IN SEPT

11.400 MILLION OZ FINAL STANDING IN OCT.

3.835 MILLION OZ INITIAL STANDING IN NOV.

FRIDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE $.43) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A VERY STRONG NET GAIN IN OUR TWO EXCHANGES (2958 CONTRACTS). NO DOUBT THE STRONG GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i)BANKER/ALGO SHORT COVERING.  WE ALSO HAD  ii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A ZERO GAIN  IN SILVER OZ STANDING  FOR NOV, iii) STRONG COMEX GAIN  AND  iv) ZERO  LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF NOV:

9227 CONTRACTS (FOR 11 TRADING DAY(S) TOTAL 9277 CONTRACTS) OR 46.135 MILLION OZ: (AVERAGE PER DAY: 838 CONTRACTS OR 4.194 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF NOV: 46.135 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 6.59% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S:          1,575.42 MILLION OZ.

JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ

FEB 2020 EFP’S TOTAL :  ……     259.600 MILLION OZ

MARCH EFP’S …..                     452.280 MILLION OZ  //TOTALS//AND A NEW RECORD FOR THE MONTH)

APRIL EFP                               95.355 MILLION OZ.  (EX. FOR PHYSICALS BECOMING A LOT LESS)

MAY EFP FINAL:                     77.27 MILLION OZ

JUNE EFP                              71.15 MILLION OZ.

JULY EFP                               133.95 MILLION OZ/ (EXCHANGE FOR PHYSICALS STARTING TO RISE EXPONENTIALLY AGAIN)

AUGUST EFP                         127.46 MILLION OZ (EXCHANGE FOR PHYSICALS STARTING TO DECREASE AGAIN)

SEPT EFP                                78.360 MILLION OZ (EXCHANGE FOR PHYSICALS DRAMATICALLY FALLING OFF A CLIFF)

OCT EFP                                 69.73   MILLION OZ (STILL FALLING IN NUMBERS)

NOVEMBER EFP                    46.135 MILLION OZ (STARTING TO INCREASE AGAIN)

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1430, WITH OUR  $0.43 RISE IN SILVER PRICING AT THE COMEX ///FRIDAY.…THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1450 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A STRONG SIZED 2880 OI CONTRACTSON THE TWO EXCHANGES (WITH OUR  $0.43 RISE IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 1450 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A STRONG SIZED INCREASE OF 1430 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.43 RISE IN PRICE OF SILVER/AND A CLOSING PRICE OF $24.67 // FRIDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY. 

In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.796 BILLION OZ TO BE EXACT or 114% of annual global silver production (ex Russia & ex China).

FOR THE NEW NOV  DELIVERY MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR nil OZ OF SILVER.

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 WAS SET WITH A PRICE OF: 18.91 (FEB 25/2020)

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND.  TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN  (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)

 

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 2699 CONTRACTS TO 556.893 AND CLOSER TO  NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE FAIR SIZED GAIN IN COMEX OI OCCURRED WITH OUR STRONG GAIN IN PRICE  OF $11.90 /// COMEX GOLD TRADING//FRIDAY.WE  HAD STRONG BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AND ANOTHER HUMONGOUS GAIN IN GOLD OUNCES STANDING AT THE COMEX….THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $11.90. 

WE HAD A VOLUME OF 0    4 -GC CONTRACTS//OPEN INTEREST  74//

WE HAD A GOOD SIZED GAIN OF 4672 CONTRACTS  (16.17 TONNES) ON OUR TWO EXCHANGES..IF YOU ADD IN THE INCREASE IN GOLD TONNAGE STANDING (128) OUR NET GAIN IS  4880 CONTRACTS (488,000 OZ OR 14.93 TONNES) 

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A SMALL SIZED 1973 CONTRACTS:

CONTRACT .  DEC: 1973; FEB: 0  ALL OTHER MONTHS ZERO//TOTAL: 1275.  The NEW COMEX OI for the gold complex rests at 555,893. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EXCHANGE DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 4672 CONTRACTS: 2699 CONTRACTS INCREASED AT THE COMEX AND 1973 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 4672 CONTRACTS OR 16.17 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1973) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI  (2699 OI): TOTAL GAIN IN THE TWO EXCHANGES: 4672CONTRACTS. WE NO DOUBT HAD 1 ) SOME BANKER SHORT COVERING AND CONSIDERABLE ALGO SHORT COVERING ,2.)ANOTHER HUMONGOUS INCREASE IN OUNCES  STANDING AT THE GOLD COMEX FOR THE FRONT NOV. MONTH TO 17.8133 TONNES3)  ZERO LONG LIQUIDATION ;4) FAIR COMEX OI GAIN AND 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL  ...ALL OF THIS OCCURRED WITH  OUR STRONG GAIN IN GOLD PRICE TRADING//FRIDAY//$11.90.

WE ARE BEGINNING TO WITNESS A LACK OF EXCHANGE FOR GOLD PHYSICALS UNDERWRITTEN DUE TO PREMIUMS STARTING TO REAPPEAR IN THE FUTURE PRICE OF GOLD VS LONDON SPOT. THE COST TO THE BANKERS IS JUST TOO GREAT TO ENGAGE IN THESE VEHICLES ONCE THIS OCCURS.

We have now switched to GOLD for our spreaders!!

 

FOR DETAILS ON THE SPREADING EXERCISE HERE IS A BRIEF OUTLINE:

 

SPREADING OPERATIONS/NOW SWITCHING TO GOLD  (WE SWITCH OVER TO SILVER ON DEC  1)

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN GOLD AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF DEC.

FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:

 HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;

 

THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD.  THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLD AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON  ACTIVE DELIVERY MONTH OF OCT. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV FOR GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON ACTIVE MONTH OF NOV. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST INGOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (DEC), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

Nov.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 33,444 CONTRACTS OR 3,344,400 oz OR 104.02 TONNES (11 TRADING DAY(S) AND THUS AVERAGING: 3040 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 11 TRADING DAY(S) IN  TONNES: 104.02  TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2019, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 104.02/3550 x 100% TONNES =2.92% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE:  3,781.92 TONNES

JANUARY 2220 TOTAL EFP ISSUANCE; : 571.19 TONNES

FEB 2020 TOTAL EFP ISSUANCE :            653.78 TONNES

MARCH TOTAL EFP ISSUANCE                1,098.93  TONNES  (*AND A NEW ALL TIME RECORD ISSUANCE//22 DAYS)

APRIL TOTAL EFP. ISSUANCE:               243.45  TONNES  (EFP ISSUANCE BECOMING A LOT LESS)

MAY TOTAL EFP ISSUANCE:                     248.68 TONNES (EFP ISSUANCE STILL LOW// PREMIUM COST TO THE BANKERS IS HUGE..SO ISSUANCE IS LESS)

JUNE TOTAL EFP ISSUANCE:                     192.06 TONNES (EFP ISSUANCE EXTREMELY LOW)

JULY TOTAL EFP ISSUANCE;                       313.09 TONNES ..(EXCHANGE FOR PHYSICALS REVERSE COURSE AND ARE NOW INCREASING!)

AUGUST TOTAL EFP ISSUANCE;                 150.78 TONNES  FINAL (AGAIN: RETREATING IN NUMBERS)

SEPT TOTAL EFP ISSUANCE:                       178.49 TONNES (EFP’s AGAIN RISING DUE TO BACKWARDATION/LOWER FUTURE PREMIUMS//THUS LESS COST TO CARRY)

OCT TOTAL EFP ISSUANCE.                        158.78 TONNES (AGAIN DROPPING)

NOV  TOTAL EFP ISSUANCE:                        104.02 TONNES (INCREASING AGAIN) 

 

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE

First, here is an outline of what will be discussed tonight:

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG SIZED 1430 CONTRACTS FROM 159,218 UP TO 160,648 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  2 3/4 YEARS AGO.  THE PRICE OF SILVER ON THAT DAY: $17.89.

THE STRONG SIZED GAIN IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) SOME BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A ZERO INCREASE IN  STANDING  FOR SILVER AT THE COMEX FOR NOV., AND 4) ZERO LONG LIQUIDATION 

EFP ISSUANCE 1450 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 1450 AND MARCH:  0  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1450 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN OF 1430 CONTRACTS TO THE 1450 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A VERY STRONG SIZED GAIN OF 2880 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 14.40 MILLION  OZ, OCCURRED WITH OUR $0.43 GAIN IN PRICE///

 

BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL..THE EVIDENCE IS CLEAR: HUGE AMOUNTS OF PHYSICAL STANDING FOR BOTH  SILVER AND GOLD .

 

(report Harvey)

 

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT: 

SHANGHAI CLOSED UP 36.87 PTS OR 1.11%   //Hang Sang CLOSED P 224.81 PTS OR .86%    /The Nikkei closed UP 521.06 POINTS OR 2.05%//Australia’s all ordinaires CLOSED UP  1.18%

/Chinese yuan (ONSHORE) closed /Oil UP TO 41.67 dollars per barrel for WTI and 44.27 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED AGAINST UP THE DOLLAR AT 6.5888. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5835 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

 

COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

LET US BEGIN:

 

THE TOTAL COMEX GOLD OPEN INTEREST  ROSE BY BY A FAIR SIZED 2699 CONTRACTS TO 557,427 MOVING CLOSER TO OUR   RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020).  AND THIS SMALLISH  COMEX INCREASE OCCURRED WITH OUR STRONG RISE OF $11.90 IN GOLD PRICING FRIDAY’S COMEX TRADING/). WE ALSO HAD A SMALL EFP ISSUANCE (1973 CONTRACTS).   WE ALSO HAD  1)  CONSIDERABLE BANKER SHORT COVERING//CONSIDERABLE ALGO SHORT COVERING//,  2)  ZERO  LONG LIQUIDATION  AND 3)  ANOTHER MONSTER GAIN  IN GOLD STANDING AT THE  COMEX  ( NOW STANDING AT 17.8155 TONNES)//NOV. DELIVERY MONTH (SEE BELOW) …  AS WE ENGINEERED AN GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 5206 CONTRACTS. WE HAVE LATELY WITNESSED THE EXCHANGE FOR PHYSICALS ISSUED BEING SMALL….. AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. WE CAN NOW VISUALLY SEE THAT SHORTS ARE TRYING TO EXTRICATE THEMSELVES FROM THEIR MESS (“TRYING TO GET OUT OF DODGE”) AS LONGS DEPART THE COMEX FOR THE SAFER CONFINES OF LONDON.

(SEE BELOW)

WE  HAD 0    4 -GC VOLUME//open interest REMAINS AT 74

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF NOV..  THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 1973 EFP CONTRACTS WERE ISSUED:     DEC 1973; FEB// ’21 0 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1973  CONTRACTS.

YOU WILL FIND THAT WHEN WE HAVE A GOOD PREMIUM IN THE FUTURES/SPOT, THEN THE NUMBER OF EXCHANGE FOR PHYSICALS DECLINE IN NUMBERS.  THE COST IS JUST TOO MUCH FOR THEM TO ISSUE.

IT SEEMS THAT OUR BANKER FRIENDS ARE LOATHE TO ISSUE EFPS DESPITE THE LOW PREMIUM ON FUTURE GOLD CONTRACTS.

 

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 4672 TOTAL CONTRACTS IN THAT 1973 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A FAIR SIZED 2699 COMEX CONTRACTS.. THE BIG NEWS IS THE STRONG LEVEL OF NOV 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((17.8133 TONNE) AS NOVEMBER IS A NON ACTIVE AND GENERALLY A VERY POOR DELIVERY MONTH

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $11.90).  AND, THEY WERE   UNSUCCESSFUL IN FLEECING ANY LONGS. AS MENTIONED ABOVE THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED   16.19 TONNES,

NET GAIN ON THE TWO EXCHANGES :: 4672 CONTRACTS OR 467,200 OZ OR 14.53 TONNES.

 
COMMODITY LAW SUGGESTS THAT COMMODITY FUTURES OPEN INTEREST SHOULD APPROXIMATE 3% OF TOTAL PRODUCTION.  IN GOLD THE WORLD PRODUCES AROUND 3500 TONNES PER YEAR BUT ONLY 2200 TONNES ARE AVAILABLE FROM THE WEST (THUS EXCLUDING RUSSIA, CHINA ETC..WHO KEEP 100% OF THEIR PRODUCTION)

 

THUS IN GOLD WE HAVE THE FOLLOWING:  556,893 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 55.69 MILLION OZ/32,150 OZ PER TONNE =  1732 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1732/2200 OR 78.73% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

 

Trading Volumes on the COMEX TODAY: 238,975 contracts// volume poor////

CONFIRMED COMEX VOL. FOR YESTERDAY:  190,400 contracts//  volume:  poor

/most of our traders have left for London

 

NOV 17 /2020

NOV. GOLD CONTRACT MONTH

 
 
INITIAL STANDING FOR NOV GOLD
 
 
 
 
 
 
 
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
 
1999.275 oz
HSBC
 
 
 
Deposits to the Dealer Inventory in oz 1,350.342 oz

 

BRINKS

Deposits to the Customer Inventory, in oz

67,091.885
OZ

JPMorgan

No of oz served (contracts) today
 
268 notice(s)
 
26800 OZ
0.8335 TONNES)
 
 
 
 

No of o1

i)to be served (notices)

47 contracts
(4700 oz)
0.1461 TONNES
 
Total monthly oz gold served (contracts) so far this month
5680 notices
568,000 OZ
17.667 TONNES
 
 
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz
 

We had 1 deposit into the dealer

i) Into Brinks:  1350.342 oz
 
total deposit: 1350.342 oz

 

total dealer withdrawals: nil oz

 

we had 1 deposit into the customer account

i)Into  JPMorgan:  67.091.885 oz

total customer deposit: 67,091.885  oz

 

we had 1 gold withdrawals from the customer account:

i) Out of HSBC:  1999.275 ox 

 

total withdrawals:  199.275 oz

 

We had 0  kilobar transactions  +

ADJUSTMENTS: 0 // 

The front month of NOV registered a total of 315 contracts for a LOSS of  54 contracts.  We had 182 notices filed on Friday so we gained a whopping 128 contracts or 12,800 additional oz of gold will stand in this non active month of November.  There is now no question that we are experiencing a massive onslaught at the gold comex.  This is a new record(gold deliveries) for a November month. If you think that this is high, you can just imagine what will stand in December. 

 

The big December contract lost a MUCH SMALLER 8248 contracts down to 272,107 contracts.  We will be watching December closely from this day forth. January GAINED 23 contracts to stand at 3243 contracts. FEBRUARY gained a STRONG 9,291 contracts UP TO 192,201. (THE RUSH TO LIQUIDATE DECEMBER GOLD CONTRACTS BY THE ALGOS HAS SUBSIDED..WE NOW HAVE OUR NORMAL ROLLOVER IN CONTRACTS)

THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR NOVEMBER (17.8133 tonnes). GENERALLY  NOVEMBER IS A VERY POOR DELIVERY MONTH AS MOST INVESTORS PREFER TO SKIP THIS MONTH AND MOVE STRAIGHT TO DECEMBER.  IT LOOKS LIKE SOME MAJOR ENTITY(GOLDMAN SACHS) JUST CANNOT WAIT FOR DECEMBER AS THEY ALONG WITH OTHERS) ARE MAKING THEIR MOVE  FOR PHYSICAL METAL. GOLDMAN SACHS ONE OF THE LEADERS OF THE NEW LONDON LME EXCHANGE NEEDS THE GOLD INVENTORY FOR LIQUIDITY AND INITIAL CONTRIBUTION WITH OTHER MAJOR PLAYERS. AS MENTIONED ABOVE THE GOLD COMEX IS EXPERIENCING A MASSIVE ONSLAUGHT FOR METAL

We had  268 notices filed today for  26,800 oz OR 0.8335 TONNES.

FOR THE NOV 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from
JPMorgan dealer account and  0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 268  contract(s) of which  0  notices were stopped (received) by j.P. Morgan dealer and  4 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notices received (stopped) by the squid  (Goldman Sachs)
 

To calculate the INITIAL total number of gold ounces standing for the NOV /2020. contract month, we take the total number of notices filed so far for the month (5680) x 100 oz , to which we add the difference between the open interest for the front month of  NOV (315 CONTRACTS ) minus the number of notices served upon today (268 x 100 oz per contract) equals 572,700 OZ OR 17.8133 TONNES) the number of ounces standing in this active month of NOV

thus the INITIAL standings for gold for the NOV/2020 contract month:

No of notices filed so far (5680, x 100 oz +315 OI) for the front month minus the number of notices served upon today (268) x 100 oz which equals 572,700 oz standing OR 17.8133 TONNES in this  active delivery month. This is a HUGE amount for gold standing for a NOV delivery month (a very poor non active delivery month). THE COMEX IS UNDER A HUGE FRONTAL ATTACK FROM EUROPEAN BANKS SEEKING PHYSICAL METAL!

We gained 128 contracts or an additional 12,800 oz will search out metal on this side of the pond.

 

NEW PLEDGED GOLD:  BRINKS

600,054.816, oz NOW PLEDGED  SEPT 15.2020/HSBC  18.644 TONNES ( A HUGE INCREASE FROM 10.6)

60,784.803 PLEDGED  APRIL 3/2020: SCOTIA:            1.3234 tonnes

deleted Int. Delaware pledge July 7  (600 tonnes)

268,020.745 oz  JPM  8.336 TONNES

602,840.325 oz pledged June 12/2020 Brinks/   july 2/july 21               18.75 tonnes

67,289.041 oz Pledged August 21/regular account 1.588 tonnes jpm

total pledged gold:  1,598,591.300 oz                                     49.722 tonnes

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 489.82 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 17.833 tonnes

CALCULATION OF REGISTERED GOLD THAT CAN BE SETTLED UPON:

 
total registered or dealer  17,347,766.616 oz or 539.58 tonnes
 
 
total weight of pledged:  1,598,591.300 oz or 49.722 tonnes
 
 
thus:
 
registered gold that can be used to settle upon: 15,749,175.0  (489,86 tonnes)
 
 
 
true registered gold  (total registered – pledged tonnes  15,747,825.0 (489.86 tonnes)
 
 
 
total eligible gold:  19,969,561.490 oz (621.13 tonnes)
 
 

total registered, pledged  and eligible (customer) gold  37,317,328.106 oz 1,160.73 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1034.39 tonnes

end

I have compiled  data with respect to registered (or dealer) gold taken on first day notice for each of the past 24 months

The data begins on first day notice for the May month taken on the last day of July 2018. and it continues to present day.

I then took, how many deliveries were recorded by the CME for each and every month.  I also included for reference the price of gold on first day notice.

The first graph is a logarithmic  graph and the second graph, linear.

You can see the huge explosion of registered gold at the comex along with deliveries.

 
 
THE DATA AND GRAPHS:
 
 
 
 
 
 
 

THE GOLD COMEX SEEMS TO BE  UNDER SEVERE ASSAULT FOR PHYSICAL

 
END

 

 
 
NOV 16/2020

And now for the wild silver comex results

 
 

And now for the wild silver comex results

INITIAL STANDINGS

NOV. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
1,212,908.010 oz
 
CNT
Delaware
JPMorgan
 
 
 
 
 
Deposits to the Dealer Inventory
nil oz
 
 
 
 
 
 
Deposits to the Customer Inventory
10,806.380 oz
 
 
 
 
Delaware
 
 
 
 
 
 
 
No of oz served today (contracts)
0
 
CONTRACT(S)
(nil OZ)
 
No of oz to be served (notices)
117 contracts
 585,000 oz)
Total monthly oz silver served (contracts)  650 contracts

 

3,250,000 oz)

Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
 
 
We had 0 deposits into the dealer:
 
 
 

total dealer deposits: nil      oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 1 deposits into the customer account (ELIGIBLE ACCOUNT)

i)into  Delaware: 10,806.380 oz

 

JPMorgan now has 190.10 million oz of  total silver inventory or 49.60% of all official comex silver. (190.10 million/383.248 million

total customer deposits today:  10,806.380   oz

we had 3 withdrawals:

i)Out of CNT: 600,303.100 oz
ii) Out of Delaware:  13,091.970  oz
iii) Out of JPMorgan: 599,512.940 oz
 
 
 
 
 

total withdrawals; 1212.98.010    oz

We had 1 adjustment

out of Scotia: 7,716,702.803 oz customer to dealer account

Total dealer(registered) silver: 143.364 million oz

total registered and eligible silver:  383.248 million oz

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

November saw a LOSS OF 159 notices DOWN to 117 contracts. We had 159 notices filed on FRIDAY so we gained 0 contracts or NIL additional silver oz will stand in this non active delivery month of November.

December saw a LOSS of 1349 contracts DOWN to 79,094 contracts. January saw a GAIN of 20 contracts UP to 192. MARCH  gained 2095 contracts up to 66,837.

 
 

The total number of notices filed today for the NOV 2020. contract month is represented by 0 contract(s) FOR nil oz

 

To calculate the number of silver ounces that will stand for delivery in NOV we take the total number of notices filed for the month so far at 650 x 5,000 oz = 3,250,000 oz to which we add the difference between the open interest for the front month of OCT(117) and the number of notices served upon today 0x (5000 oz) equals the number of ounces standing.

Thus the NOV standings for silver for the NOV/2019 contract month: 650 (notices served so far) x 5000 oz + OI for front month of NOV (117)- number of notices served upon today (0) x 5000 oz of silver standing for the NOV contract month .equals 3,835,000 oz. ..VERY STRONG FOR A NON ACTIVE  NOV MONTH.

WE GAINED 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND FOR DELIVERY AT THE COMEX AND FORGO ANY FIAT BONUS AS THEY SEARCH FOR METAL ON THIS SIDE OF THE POND VS LONDON. SEEMS THAT WE HAVE A WHALE COMING AFTER COMEX SILVER 

TODAY’S ESTIMATED SILVER VOLUME :88,895 CONTRACTS // volume   strong////

FOR YESTERDAY 72,207  ,CONFIRMED VOLUME//  very strong//

YESTERDAY’S CONFIRMED VOLUME OF 72,207 CONTRACTS EQUATES to 0.361 billion  OZ 5.15% OF ANNUAL GLOBAL PRODUCTION OF SILVER..

COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV  FALLS TO- 3.82% ((Nov 17/2020)

2. Sprott gold fund (PHYS): premium to NAV  FALLS TO -0.74% to NAV:   (NOV16/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/3.82%

(courtesy Sprott/GATA

3. SPROTT CEF .A   FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV 19.46 TRADING 18.77///NEGATIVE 3.53

END

And now the Gold inventory at the GLD

NOV 16/WITH GOLD UP $2.20 TODAY/A HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 5.25 TONNES FROM THE GLD////INVENTORY RESTS AT 1234.32 TONNES

NOV 13/WITH GOLD UP $11.90 TODAY//A HUGE CHANGE IN GOLDINVENTORY AT THE GLD; A WITHDRAWAL OF 1.17 TONNES FROM THE GLD////INVENTORY RESTS AT 1239.57 TONNES

Nov 12/WITH GOLD UP $11.00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A PAPERWITHDRAWAL OF 9.02 TONNES FROM THE GLD///INVENTORY RESTS AT 1240.74 TONNES

NOV 11/WITH GOLD DOWN $13.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1249.79 TONNES/

NOV 10/WITH GOLD UP $20.10 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 10.51 TONNES/INVENTORY RESTS AT 1249.79 TONNES

NOV 9/WITH GOLD DOWN $88.45 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIST OF 7.88 TONNES INTO THE GLD///INVENTORY RESTS AT 1260.30 TONNES

NOV 6/WITH GOLD UP $5.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1252.42 TONNES

NOV 5/WITH GOLD UP $51.45 TODAY: STRANGELY A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.5 TONNES FROM THE GLD////INVENTORY RESTS AT 1252.42 TONNES

NOV 4/WITH GOLD DOWN $9.35 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1255.92 TONNES

NOV 3//WITH GOLD UP $16.85 TODAY:  STRANGE!!! A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 1.75 TONNES FROM THE GLD////INVENTORY RESTS AT 1255.92 TONNES

NOV 2/WITH GOLD UP $13.60 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF .58 TONNES AND THIS IS GENERALLY TO PAY FOR FEES (STORAGE/INSURANCE)//INVENTORY RESTS AT 1257.67 TONNES

OCT 30/WITH GOLD UP $11 TODAY: NO CHANGE IN GOLD INVENTORYAT THE GLD//INVENTORY RESTS AT 1258.25 TONNES

OCT 29/WITH GOLD DOWN $11.80 DOLLARS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 8.47 TONNES FROM THE GLD////INVENTORY RESTS AT 1258.25 TONNES

OCT 28/STRANGE!WITH GOLD DOWN $30.50 TODAY, A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1266.72 TONNES

OCT 27/WITH GOLD UP $6.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1263.80 TONNES

OCT 26/WITH GOLD UP $1.50 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.77 TONNES FROM THE GLD//INVENTORY RESTS AT 1263.80 TONNES

OCT 23/WITH GOLD  DOWN 80 CENTS TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWL OF 3.8 TONNES FROM THE GLD////INVENTORY RESTS AT 1265.55 TONNES

OCT 22/WITH GOLD DOWN $22.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1269.35 TONNES

OCT 21//WITH GOLD UP $17.50 DOLLARS TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1269.93 TONNES

OCT 20/WITH GOLD UP $3.30 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: ANOTHER PAPER WITHDRAWAL OF 2.92 TONNES//INVENTORY RESTS AT 1269.93 TONNES

OCT 19WITH GOLD UP $5.15 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.5 TONNES FROM THE GLD///INVENTORY RESTS AT 1272.56 MILLION OZ//

OCT 16//WITH GOLD DOWN 10 CENTS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.59 TONNES FROM THE GLD//INVENTORY RESTS AT 1276.06 MILLION OZ

OCT 15//WITH GOLD UP $1.10 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES

OCT 14/WITH GOLD UP $12.00 : NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES

OCT 13/WITH GOLD DOWN $31.70 DOLLARS: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES.

OCT 12/WITH GOLD UP $2.00 TODAY: A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 6.13 TONNES INTO THE GLD////INVENTORY RESTS AT 1277.65 TONNES

OCT 12/WITH GOLD UP $2.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1271.52 TONNES

OCT 9/WITH GOLD UP $31.10 TODAY/NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1271.52 TONNES

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at

NOV17/ GLD INVENTORY 1234.32 tonnes

LAST;  946 TRADING DAYS:   +293.77 TONNES HAVE BEEN ADDED THE GLD

LAST 846 TRADING DAYS// +471.35  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

end

Now the SLV Inventory

NOV 16/WITH SILVER UP $.05 TODAY//A HUGE  CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDDRAWAL OF 1.209 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 568.162 MILLION OZ//

NOV 13/WITH SILVER UP 43 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV” A WITHDRAWAL OF 2.88 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 569.371 MILLION OZ.

NOV 12/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY FROM THE SLV//INVENTORY RESTS AT 572.254 MILLION OZ

NOV 11/WITH SILVER DOWN 8 CENTS TODAY: A HUGE 3.627 MILLION OZ WITHDRAWAL FROM THE SLV/ INVENTORY RESTS AT 572.254 MILLION OZ

NOV 10/WITH SILVER UP $.65 TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: STRANGE ANOTHER HUGE DEPOSIT OF 4.739 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 575.881 MILLION OZ

NOV 9/WITH SILVER  DOWN $1.76 TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE  SLV: A DEPOSIT OF 10.324 MILLION OZ ADDED INTO THE SLV INVENTORY////INVENTORY RESTS AT 571.742 MILLION OZ

NOV 6/WITH SILVER UP 47 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ//

NOV 5/WITH SILVER UP $1.21 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ..

NOV 4/WITH SILVER DOWN 43 CENTS TODAY: TWO HUGE CHANGE IN SILVER INVENTORY AT THE SLV:  A) WITHDRAWAL OF 240,000 OZ FROM SLV//// AND THEN B) A DEPOSIT OF 1.83 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ

NOV 4/WITH SILVER DOWN 43 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:  A WIHDRAWAL OF 240,000 OZ FROM SLV////INVENTORY RESTS AT 559.558 MILLION OZ

NOV 3/WITH SILVER UP 29 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT 559.798 MILLION OZ///

NOV 2/WITH SILVER UP 40 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 559.798 MILLION OZ//

OCT 30/WITH SILVER UP 23 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 931,000 FROM THE SLV////INVENTORY RESTS AT 559.798 MILLION OZ..

OCT 29/WITH SILVER DOWN 4 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 2.326 MILLION OZ//INVENTORY RESTS A 560.729 MILLION OZ..

OCT 28/WITH SILVER DOWN $1.09 TODAY: A HUGE WITHDRAWAL OF 2.791 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 558.403 MILLION OZ..

OCT 27/WITH SILVER UP 18 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ//

OCT 26/WITH SILVER DOWN 18 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 23/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 22/WITH SILVER DOWN 46 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 21/WITH SILVER UP 26 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.977 MILLION OZ FROM THE SLV..//INVENTORY RESTS AT 561.194 MILLION OZ.

OCT 20/WITH SILVER UP 31 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 652,000 OZ INTO THE SLV////INVENTORY RESTS AT 564.171 MILLION OZ//

OCT 19/WITH SILVER UP 27 CENTS TODAY: NO CHANGES IN SLV INVENTORY AT THE SLV//INVENTOR RESTS AT 563.519 MILLION OZ/

OCT 16/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SLV INVENTORY//INVENTORY RESTS AT 563.519 MILLION OZ.

OCT  15/WITH SILVER DOWN 16 CENTS TODAY:NO CHANGES IN SLV INVENTORY//INVENTORY RESTS AT 563.519 MILLION OZ//

OCT 14/WITH SILVER UP 24 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.652 MILLION OZ//INVENTORY RESTS AT 563.519 MILLION OZ/

OCT 13/WITH SILVER DOWN 105 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 558.867 MILLION OZ..

OCT 12/WITH SILVER UP 28 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV; A WITHDRAWAL 0F 1.396 MILLION OZ//INVENTORY RESTS AT 558.867MILLION OZ/

OCT 9/WITH SILVER UP $1.00 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 560.263

NOV 16.2020:

SLV INVENTORY RESTS TONIGHT AT

568.162 MILLION OZ

PHYSICAL GOLD/SILVER STORIES
i) GOLDCORE BLOG/Mark O’Byrne

ii) Important gold commentaries courtesy of GATA/Chris Powell

Quite a story:  the USA dollar inside Zimbabwe

(Associated Press/GATA)

Zimbabweans mend shabby dollar notes amid economic crash

 
 Section: 

 

By Farai Mutsaka
Associated Press
via Washington Post
Friday, November 13, 2020

HARARE, Zimbabwe — Albert Marombe takes a grimy, tattered $1 note and delicately, expertly glues it back into one piece, holding it up for inspection.

“I don’t care how torn it is. All I want to see is the serial number being visible on both sides,” said Marombe. He’ll sell that shabby $1 note for 80 cents and it will get back into circulation. Many shops will reject it but market traders will take it, although at a reduced value

Worn out or shredded by rats, $1 notes are king in Zimbabwe, which is beset by a continuing economic crisis. One-dollar bills are used by many people to buy their daily bread and other small purchases. Crisp new notes are not coming into Zimbabwe, so enterprising traders are repairing old ones for desperate customers.

Formal businesses reject such notes, forcing people to sell them to traders like Marombe for a fraction of their original value. Informal street markets will usually — with some negotiation — accept the glue-patched notes that Marombe sells for transactions. Zimbabwe’s booming informal economy employs about two-thirds of the population, according to the International Monetary Fund, so there are lots of such dirty dollars in circulation. …

… For the remainder of the report:

https://www.washingtonpost.com/world/africa/zimbabweans-mend-shabby-doll…

END

This is what ordinary gold coins are selling for and they are rapidly selling out:  This half oz commemorative sold at the mint for 1335.00 usa or 2650 usa per oz.  Silver:  one oz $75.00

Half-ounce U.S. gold commemorative coin quickly sells out at $1,335

 
 Section: 

 

World War II Gold Coin, Silver Medal Devoured in Nov. 9 Sales

By Paul Gilkes
Coin World, Sidney, Ohio
Friday, November 13, 2020

The limited-edition Proof 2020-W End of World War II 75th Anniversary $25 gold coin and Proof 2020 silver medal were released for sale at noon ET Nov. 9, and the U.S. Mint website received enough orders to push the products into “currently unavailable” status in short order.

First-day sales, according to U.S. Mint spokesman Michael White, were 7,100 for the gold coin and 19,041 for the silver medal. As of Nov. 13 sales totaled 7,194 and 19,517, respectively. The half-ounce .9999 fine gold coin was limited to a release of 7,500 coins and the .999 fine silver medal to 20,000 pieces. Both product options have a household order limit of one each.

The gold coin was offered for $1,335 and the silver medal for $75.

“Currently unavailable” means, according to the Mint, “We are currently out of this item, but more may be available later. If you provide your email address or cell number using the ‘remind me’ button, you will receive any back-in-stock messages we send related to this product.” …

https://www.coinworld.com/news/us-coins/wwii-gold-coin-silver-medal-devo…

iii) Other physical stories:

J Johnson’s commodity report

https://www.jsmineset.com/2020/11/16/the-comeuppances-are-coming/

 

The Comeuppance’s Are Coming!

 

Posted November 16th, 2020 at 8:09 AM (CST) by J. Johnson & filed under General Editorial.

 

Great and Wonderful Monday Morning Folks,

 

      What a night and early morning of movement we’ve had already, with Gold now trading at $1,872, down $14.10 and recovering from a low at $1,861.50 with the Sunday evening high up at $1,898. Silver is down 34.5 cents with the last trade at $24.443, recovering from the London dip, at $24.26 with the Sunday evening high at $25.155. The US Dollar Index is still not budging much with the latest peg at 92.67, down 8 points, up from the low at 92.435 with the high not that far away at 92.785. Of course, all this happened way before 5 am pst, the Comex open, the London close, and after China’s CB had to add some calming cash into the markets after its state-owned enterprises led a bond selloff last week. This couldn’t have anything to do with their “super recovery” they had after their Biolab f**kup could it? Maybe it’s more of a truth that 184 nations are not buying China or its story anymore, so they print.

 

      In Venezuela, Gold is now priced at 18,696.60 Bolivar, proving a reduction of 127.84 in price with Silver losing only 0.12 of a Bolivar with the last trade at 244.124. Argentinians are now buying Gold at 149,274.96 A-Peso’s, a reduction of 575.28 with Silver’s last price at 1,949.46, a 5.18 A-Peso price reduction since Friday morning. Turkey’s Lira now has Gold valued at 14,492.06 showing an 18.75 T-Lira reduction with Silver prices still gaining with the last trade at 189.225, up by 0.822 of a T-Lira.

 

      November Silver’s Delivery Demands now has a post of 117 fully paid for 5,000-ounce contracts waiting for receipts and once again, with no activity at all posted yet they closed the Delivery contract out, on Friday, at $24.759, a gain of 46.9 cents. All of last week’s physical purchases was pathetic; only 11 contracts swapped hands raising the demands by 2 contracts (over the entire week) then reducing the count by 159 contracts on Friday, leaving us the impression that someone finally got their receipts after being forced to wait so long for Comex to deliver. Silver’s Overall Open Interest is still proving the situation at the Comex, is not about the posted prices, but the deliveries, as another 1,400 contracts had to be added to provide liquidity, during the calendar rollover, the soon to occur December Options expirations, and after the past demands, were finally met, leaving a total of 160,727 short contracts to trade against the real.

 

      November Golds Delivery Demands now has a post of 315 fully paid for 100-ounce contracts waiting for receipts, and like Silver, with no Volume posted, so far this morning. Friday’s activity happened in between $1,890.10 and $1,876.80 with the last trade at $1,885.70, a gain of $13.10 that had a total Volume of 240 swaps, which in turn, raised the demand count by 54 contracts. All of last week’s physical purchases totaled 1,703 contracts, leaving me the impression that someone needs physicals now, and before the election is finalized legally, and outside the main stream press whores’ pathetic presentations. Gold’s Overall Open Interest is now at 557,427 Overnighters willing to go against the physical buyers, reducing the paper contracts by 2,355.

 

      Since November 5th, the 30 Year Treasuries, 10- and 5-Year Notes, have started to do some wild swings, mostly aiming towards higher rates of return, which is, going in the opposite direction of other foreign central banks, who are already giving money away, to those friends they have, that can borrow (negative rates). The Eurodollars, (US Dollars in overseas banks) the most liquid Treasury Instrument out there, has not budged at all. When it does move, everything will change.

 

      I am trying my best not to write about the Biden/Harris/Media claims of a win, because the process is still not done, and I am pissed about the lefts demands that I accept their obvious voter frauds. Democratic loser Al Gore, finally conceded on December 13th after the chad fiasco in Florida. Why the left demands the acceptance of their theft, before the legal process is completed, is typical of the way they have acted out as witnessed over the years. I do not expect the left to be quiet or peaceful at all, because they do not lead by example, they lead with lies. The Comeuppance’s are coming to both politics and precious metals, maybe at the same time too.

 

      With precious metals prices now turning and going green, I offer my best and positive thoughts to you and yours. Hold on tight to law and order, precious metals, and those that do the same. Keep the faith and watch the events unfold. As always ….

 

Stay Strong!

Jeremiah Johnson

More J.Johnson content is available with purchase of a JSMineset subscription.

end

Part ii

Andrew Maguire: JP Morgan To Face Gold, Silver Lawsuits

Now that JP Morgan has been fined $920 million for manipulating the gold and silver markets, one of the key questions for investors is if they can reclaim their losses.

Fortunately, Andre w Maguire of Kinesis Money joined me on the show to share what he expects and what options he thinks will be available, so to find out, click to watch the video now!

Chris Marcus
November 16, 2020

Due to the criminal conviction of trader Edmonds, the USA prosecution is seeking to halt the civil lawsuit. I was misinformed: all discoveries in a civil suit are public and because of that, the prosecution gives the defendants the right to plead the 5th if their testimony incriminates them
(courtesy zerohedge/Chris Powell)
 

US seeks halt in civil lawsuit accusing JP Morgan of manipulating metals market, citing criminal case

  • The U.S. wants a federal judge to halt a civil lawsuit accusing J. P. Morgan of manipulating precious metals markets. The Justice Department cited an ongoing criminal case as its reason for the request.
  • A former J. P. Morgan trader pleaded guilty in Connecticut last month to manipulation charges.
  • In the guilty plea, the trader said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors.

 

A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

Amr Alfiky | Reuters
A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

The Justice Department is asking a judge to put the brakes on a civil lawsuit against J. P. Morgan Chase, citing an ongoing probe into a “related criminal case” that involves alleged manipulation of precious metals markets.

The department wants a six-month postponement in the proceedings of the civil lawsuit, which was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders. The government also says it could ask for a longer delay in the case, according to a court filing on Monday.

 

The move comes days after Shak’s lawyer, David Kovel, sought permission to reopen questioning of two former J. P. Morgan traders and the bank’s current global head of base and precious metals trading.

Kovel, in making the request with the Manhattan federal judge in the civil case, cited last month’s guilty plea by one of those former traders, John Edmonds, in federal court in Connecticut.

Edmonds admitted making bogus bids on precious metals contracts while working at the bank from 2009 to 2015.

Neither J. P. Morgan Chase nor Kovel’s clients have opposed the Justice Department’s request.

In arguing for a delay, the Justice Department said Shak’s lawsuit is “related” to Edmonds’ criminal case and that Edmonds has “pleaded guilty and acknowledged his own participation in such conduct, as well as that of other traders.”

“Edmonds awaits sentencing, but the broader investigation is ongoing,” the Justice Department said. The U.S. wants to delay the civil case “to protect the integrity of its ongoing criminal investigation,” it said.

J. P. Morgan did not respond to a request for comment by CNBC. Kovel declined to comment.

Tuesday night, after this story first was published, Judge Paul Engelmayer ordered the federal prosecutors to explain in detail by Monday why postponing proceedings in the civil lawsuit would not harm those involved, and why reopening questioning “would be detrimental to the Government’s ongoing criminal investigation.”

Englemayer also wrote that he regards Edmonds’ guilty plea “as potentially highly consequential” to the civil case.

In his guilty plea, the 36-year-old Edmonds said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors. He admitted to working with “unnamed co-conspirators” at J. P. Morgan, according to the Justice Department.

Kovel wants to question Edmonds again as well as Michael Nowak, the bank’s global head of base and precious metal trading, and former J. P. Morgan Chase Managing Director Robert Gottlieb. The three had previously answered questions under oath in the civil case.

Kovel said in court filings that Nowak was the immediate supervisor of Edmonds, while Gottlieb was Edmonds’ mentor.

In his prior deposition, Edmonds said that Gottlieb sat only a “couple feet” away from him for about five years, and that he was “somebody [he] looked up to in the business,” who helped guide and train him.

Nowak is described by Edmonds as his direct supervisor, with whom he would sometimes discuss trading strategies. Nowak was also the person responsible for overseeing the performance and risk of Edmonds’ portfolio, according to the deposition.

Edmonds also stated in his prior deposition that he would enter precious metals trades for both Nowak and Gottlieb, among others.

The civil lawsuit claims Shak and his fellow plaintiffs lost tens of millions of dollars as a result of actions by J. P. Morgan’s traders.

 
 
A federal judge tells traders that they can combine cases (with the other 6 banks) as they accused JPMorgan of rigging the precious metals market
(courtesy CNBC)
 

Federal judge tells traders they can combine cases accusing JP Morgan of rigging metals market

  • Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.
  • Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.
  •  
 

71671201

Spencer Platt | Getty Images

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank.

Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from Jan. 2009 through Dec. 2015.

 

Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.

 
 

J. P. Morgan declined to comment on this story.

Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.

Vincent Briganti, a partner at the firm, filed the first suit seeking class action status in November on behalf of Dominick Cognata, a trader who alleges he suffered losses due to J.P. Morgan’s illegal trading conduct in the silver and gold futures and options markets.

That was after the federal court in Connecticut unsealed a criminal plea agreement by John Edmonds, a former J.P. Morgan metals trader. In his guilty plea, Edmonds, who is 36-years old, admitted that he and other “unnamed co-conspirators” fraudulently manipulated the precious metals markets while they were employed at J. P. Morgan from 2009 to 2015.

Edmonds said he had learned the illegal trading tactics from senior traders, and then used them hundreds of times with the knowledge of and consent of his immediate supervisors.

Briganti’s lawsuit also names John Edmonds and a group of yet-to-be-identified precious metals traders and the bank as defendants.

On Wednesday, the lawyers sent a letter to Judge Koeltl saying they were having difficulty locating Edmonds to serve him legal papers and requested a 30-day extension to do so, which the judge granted on Thursday. Briganti noted that they have been in contact with Edmonds’ attorney in the criminal case. Edmonds’ attorney and Briganti could not be reached for comment.

“We are hopeful that this extension will result in completing service on Mr. Edmonds without formal motion practice and a request for alternative means of service,” Briganti said in the letter.

The next step in the civil case is for the plaintiffs to file an amended class action complaint and set a schedule for defendants to respond.

In addition to the proposed class action, J. P. Morgan also faces a separate civil suit which also accuses the bank of rigging precious metals markets.

end

March 4.2019

Parker City News

JP Morgan faces potential class action lawsuit after guilty pleas by a former metals trader

Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years.

At least six lawsuits, all making similar allegations against the nation‘s largest bank, have been filed in New York federal court in the past month, since federal prosecutors in Connecticut with a former J. P. Morgan Chase metals trader.

The cases could potentially include thousands of people who traded in the precious metals market. The White Plains, N.Y., law firm Lowey Dannenberg is asking the court to combine the cases and name it as the lead.

The law firm‘s commodities group is led by Vincent Briganti, the attorney who filed the first lawsuit on behalf of Dominick Cognata, a New York resident who alleges he suffered losses due to J. P. Morgan‘s trading conduct in the silver and gold futures and options markets.

A combined case, seeking class action status, would include anyone who purchased or sold futures contracts or an option on NYMEX platinum or palladium or COMEX silver or gold between at least Jan. 1, 2009, and Dec. 31, 2015. The lawyers believe that “at least hundreds, if not thousands” of traders would be eligible to join the case.

Named as defendants in all of the lawsuits are John Edmonds, a 36-year old former metals trader at J. P. Morgan, a group of yet-to-be-identified precious metals traders and the bank.

Edmonds, a New York resident, pleaded guilty in October to one count of conspiracy to defraud the market and manipulate prices of precious metals futures contracts and one count of commodities fraud. In the criminal plea, Edmonds admitted that he and other “unnamed co- conspirators” at J. P. Morgan, fraudulently manipulated precious metals markets from 2009 to 2015, the same time frame covered in the class action suits.

Briganti filed the initial class action on Nov. 7, just one day after the Justice Department unsealed Edmonds‘ plea in the U.S. District Court of Connecticut.

Edmonds admitted in his guilty plea that he deployed the illegal trading scheme hundreds of times with the direct knowledge and consent of his immediate supervisors. Plaintiffs say they have suffered economic injury, including monetary losses, as a direct result of actions by Edmonds and the other unnamed J. P. Morgan metals traders in the futures and options contracts.

One of the suits alleges that “the number of unlawful trades that JP Morgan traders executed in precious metals futures markets is at least in the thousands.”

J. P. Morgan declined to comment. Lowey Dannenberg did not respond to a request for comment by CNBC.

The Justice Department‘s criminal investigation is still ongoing and recently caused a separate related civil case to be put on hold for at least six months while the government continues its investigation. That civil lawsuit, which also accuses J. P. Morgan of rigging the precious metals market, was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders.

After reviewing the details of the plea agreement, David Kovel, the attorney for Shak‘s suit, sought to re- interview Edmonds, along with two other current and former senior traders at the bank. However, the government argued that reopening questioning would be detrimental to the ongoing criminal investigation. The federal judge overseeing the proceedings ordered a six-month stay in the civil case.

Kovel declined to comment.

Edmonds was originally scheduled to be sentenced in Hartford, Conn., on Wednesday, Dec. 19, but a court filing on Nov. 27 shows the sentencing has been postponed until June. A spokesman for the U.S. Attorney for Connecticut could not elaborate on why the sentencing was postponed since the court filing is under seal.

-END-

Justice Department stalls another class action in gold market rigging, this one against JPM

 

 Section: 

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets —

http://www.gata.org/node/18844

— have been suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation.

… 

In both cases the Justice Department has told U.S. District Court for the Southern District of New York that proceedings would jeopardize its criminal investigation into market rigging, which has been admitted by a former JPMorganChase trader, John Edmonds, who awaits sentencing.

According to court filings, the White Plains, New York, law firm representing the plaintiffs against JPMorganChase, Lowey Dannenberg, concurred in the government’s request to suspend proceedings. The stay is to continue for three months and may be extended.

The Justice Department’s motion, granted by the court on February 26 —

http://www.gata.org/files/JPMorganChaseClassActionStay.pdf

— said “the government is not seeking an open-ended stay that could indefinitely postpone this matter and thus jeopardize the parties’ interests in a timely resolution.” The motion added, “Any developments in the criminal case during the period the consolidated action is stayed may reduce or completely resolve the need to litigate certain issues in the consolidated action.”

Much of the Justice Department’s motion is redacted to conceal from the public evidence still under investigation. Edmonds has said he and other traders manipulated the gold and silver markets for years with the knowledge of their supervisors at JPMorganChase. In its motion to conceal that evidence, also granted by the court on February 26, the Justice Department said disclosure “could lead to destruction of evidence, flight from prosecution, and otherwise interfere with the government’s ability to conduct its investigation”:

http://www.gata.org/files/JPMorganChaseClassActionStaySeal.pdf

Monetary metals investors may be skeptical of the Justice Department’s stalling the Deutsche Bank and JPMorganChase cases, since the department and the U.S. Commodity Futures Trading Commission do not seem ever to have responded conscientiously to complaints of gold and silver market rigging until the class actions commenced.

How much time will the court give the Justice Department to delay getting to the bottom of the issue? The court might hasten matters if enough monetary metals mining companies protested the harm done to them and their shareholders by market rigging, but of course most monetary metals mining companies don’t mind at all.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Your early MONDAY morning currency, Asian stock market results,  important USA/Asian currency crosses, gold/silver pricing overnight along with the price of oil Major stories overnight/7 AM EST

i) Chinese yuan vs USA dollar/CLOSED UP AT 6.5888 /

//OFFSHORE YUAN:  6.5835   /shanghai bourse CLOSED UP 36.87 PTS OR 1.11%

HANG SANG CLOSED UP 224.81 PTS OR .86%

2. Nikkei closed UP 521.06 PTS OR 2.05% POINTS OR 0.67%

3. Europe stocks OPENED ALL GREEN/

USA dollar index DOWN TO 92.70/Euro RISES TO 1.1828

3b Japan 10 year bond yield: RISES TO. +.02/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 104.92/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED

3c Nikkei now JUST BELOW 17,000

3d USA/Yen rate now well below the important 120 barrier this morning

3e WTI:: 41.67 and Brent: 44.27

3f Gold DOWN/JAPANESE Yen DOWN CHINESE YUAN:   ON -SHORE CLOSED UP/OFF- SHORE: UP

3g Japan is to buy the equivalent of 108 billion uSA dollars worth of bond per month or $1.3 trillion. Japan’s GDP equals 5 trillion usa./“HELICOPTER MONEY” OFF THE TABLE FOR NOW /REVERSE OPERATION TWIST ON THE BONDS: PURCHASE OF LONG BONDS AND SELLING THE SHORT END

Japan to buy 100% of all new Japanese debt and by 2018 they will have 25% of all Japanese debt. Fifty percent of Japanese budget financed with debt.

3h Oil UP for WTI and UP FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.52%/Italian 10 yr bond yield DOWN to 0.68% /SPAIN 10 YR BOND YIELD DOWN TO 0.13%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.30: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.72

3k Gold at $1874.40 silver at: 25.40   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 86/100 in roubles/dollar) 76.52

3m oil into the 41 dollar handle for WTI and 44 handle for Brent/

3n Higher foreign deposits out of China sees huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 104.82 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the SF. It is not working: USA/SF this morning .9138 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0811 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

3p BRITAIN VOTES AFFIRMATIVE BREXIT/LOWER PARLIAMENT APPROVES BREXIT COMMENCEMENT/ARTICLE 50 COMMENCES MARCH 29/2017

3r the 10 Year German bund now NEGATIVE territory with the 10 year RISING to 0.52%

The bank withdrawals were causing massive hardship to the Greek bank. the Greek referendum voted overwhelming “NO”. Next step for Greece will be the recapitalization of the banks and that will be difficult.

4. USA 10 year treasury bond at 0.923% early this morning. Thirty year rate at 1.677%

5. Details Ransquawk, Bloomberg, Deutsche bank/Jim Reid.

6.  TURKISH LIRA:  UP  TO 7.74..

S&P Futures Surge, Nasdaq, Treasuries Plunge On “Game-Changer” Moderna Covid Vaccine

 

Last night, when discussing the euphoric surge in Sunday markets, we said that the move is on expectations that the “Moderna covid vaccine may hit as early as tomorrow, and a favorable outcome would have a similar result to last Monday’s Pfizer surprise which sent the S&P as high as 3,668 before fading much of the losses.”

Well, we were right because just before 7am, Moderna picked up where Pfizer left off exactly one week ago last Monday, when the biotech company announced that Moderna’s Covid-19 vaccine was 94.5% effective in a preliminary analysis of a large late-stage clinical trial, or in other words even more effective than Pfizer’s vaccine which had shown 90% efficacy.

Analysis from more than 30,000 volunteers showed the vaccine prevented virtually all symptomatic cases of Covid-19, while only five participants who received two doses of the vaccine became sick, compared with 90 coronavirus cases in participants who received a placebo. The vaccine also appeared to be effective in preventing the most serious infections. “That for me is a game-changer,” Moderna CEO Stephane Bancel said, noting perhaps most importantly that the Moderna vaccine was stable at refrigerator temperatures for 30 days, much longer than a previously estimated seven days, and thus making it much easier to transport than the Pfizer vaccine.

The news sparked a buying frenzy not only in Moderna shares, which jumped over 10% to $100/share…

… but across markets, and with the Emini already trading as much as 1% higher on expectations of this news, it jumped to a session high of 3,637 on the MRNA news…

…. which however was about 30 points below the intraday all time high hit last Monday in response to the virtually identical Pfizer news.

In another carbon copy of last Monday’s market reaction, as value stocks surged, tech and momentum tumbled, with Nasdaq plunging on the Moderna news after rising as much as 1% earlier in the session.

This prompted some – such as us – to ask if we are about to see another 15-sigma crash in momentum stocks, identical to what we observed last week.

And with 10Y yields doing the Pfizer tango one week later, as rates spiked 5bps to 0.93% – which again was a deja vu of what happened one week ago. 10-year Treasury futures fell on heavy volume after the Moderna news. Futures volumes jumped with 51.1k 10- year note contracts trading over 3-minute period on move down to 137-29. Treasury 10-year yields flipped to cheaper on the day, rising as much as 2.8bp vs Friday’s close; curve steepens, widening 5s30s spread by ~2bp on the day.

At the same time, gold and PMs tumbled as the dollar jumped and as markets priced in, however briefly, a return to normalcy.

As Bloomberg notes, the vaccine news “adds yet another driver to global stocks after optimism last week spurred a rotation into value and cyclical sectors, and out of more defensive industries” while there was also some modest upside in risk after Joe Biden advisers said they opposed a nationwide shutdown despite surging virus cases.

“We do see a positive stream of news going forward,” Sean Fenton, chief investment officer at Sage Capital Pty in Sydney, said on Bloomberg TV. “The market looking forward towards eventual reopenings, real yields probably bottoming out, and cyclical and value stocks doing better, I think that’s a momentum that will be carried through at least over the next three to six months if not longer.”

One reason why the response to the news may not be quite as robust as last Monday, is that concerns about a sustainable economic recovery are persisting amid a flare-up in virus cases around the world. The pandemic continues to escalate in regions such as Europe and the U.S. American coronavirus cases have topped 11 million. Germany must live with “considerable restrictions” against the spread of Covid-19 for at least the next four to five months, its economy minister said.

While European stocks were already solidly in the green ahead of the Moderna news, share of European stocks whose businesses have benefited from lockdowns dip and vice versa for stocks that have been hammered from the pandemic. Shares in meal kit maker HelloFresh fall 5.2%, grocery- delivery firm Ocado -2.9% and online food delivery firm Just Eat Takeaway -2.6%. Online fashion retailers Zalando -2.9%, Asos -6.1%, while Polish e-commerce platform Allegro -3.7%. Payments firm Adyen -1.9%, while companies that have benefited from more people working from home, including mobile messaging firm Sinch, IT equipment provider Logitech, remote-access firm TeamViewer and call-center operator Teleperformance also drop.

Earlier in the session, and even before the Moderna news, the MSCI Asia Pacific index hit a new record close following the signing of the world’s largest regional trade agreement and solid sets of economic data from both Japan and China.

The Nikkei index rallied 2%, pushing it to the highest since 1991…

… while Korea’s Kospi hit its best intra-day level since 2018. Meanwhile, Australia’s stock exchange was hit by a software issue that forced it to close for most of Monday’s session.

In FX, according to BMO’s Stephen Gallo vaccine-related headlines will dominate the news cycle between now and year-end, with positive news supportive for risk appetite (so, by extension, USD negative). Yet while the dollar jumped initially in kneejerk reaction to the news, in FX the highlight was on commodity-linked currencies (NOK, NZD, RUB, BRL and MXN) which posted gains of 0.4% to 1.1%. The ADXY traded back above the 108.00 level, with the more ‘pro-cyclical’ currencies in the Index leading (TWD, IDR, KRW). Two or more daily closes north of 108.00 in the Index would reaffirm the near-term bullish environment for Asian currencies. The CNY strengthened 0.4% after PBOC adds 800 billion yuan of one-year MLF cash; Shanghai Composite index 0.8% higher.

As noted above, Treasuries tumbled just before 7am ET in response to the Moderna Covid-19 vaccine news. Yields erased what remained of their declines during Asia session and European morning. Treasury yields cheapened by nearly 4bp at long end with front- end yields anchored, steepening 2s10s by nearly 3bp, 5s30s by ~2bp; 10-year yields exceeded 0.92% vs last week’s high 0.973%. Futures volume surged on the vaccine news, with over 50k 10-year note contracts trading as price fell to 137-27+. IG credit issuance may be in focus during U.S. session after Saudi Aramco hired banks for a possible USD offering.

In commodities, LME copper spiked to the highest since June 2018; while gold initially rose to $1,895 before sliding to $1875 on the covid news. Brent and WTI both spiked on the covid news, with Brent last trading above $44/bbl.

Top Overnight News from Bloomberg

  • The dollar fell versus almost all Group-of-10 currencies, with risk-sensitive Scandinavian and Antipodean currencies leading gains after stronger Chinese data and as Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade accord
  • Sentiment was also buoyed after two of President-elect Joe Biden’s coronavirus advisers said they favor targeted local measures to stem the pandemic and oppose a nationwide U.S. lockdown as too blunt
  • The euro swung versus the greenback, reaching a high of $1.1869 before paring its advance; one-month implied volatility in the euro rebounds as traders focus on the ECB meeting next month
  • The pound erased an early advance; the gains had been fueled as investors took an optimistic view on Brexit negotiations, with U.K. hinting on Sunday that talks could stretch out beyond this week
  • The Chinese yuan extended its surge over the past six months after a slew of economic data showed the nation’s economic rebound gathered pace in October, and as the central bank eased policy
  • Australian and New Zealand dollars rose a second day versus the greenback; Australian central bank chief Philip Lowe said generating sufficient employment will probably be more of a challenge for his nation than containing inflation in the years to come

A quick look at global markets courtesy of NewsSquawk (this is prior to the Moderna news).

Asian bourses kickstarted the week on the front foot and US equity futures extended on last Friday’s gains on Wall St, where all major US bourses notched respectable gains and the S&P 500 posted a fresh record close with the upside led by the resurgence in cyclicals. ASX 200 (+1.2%) and Nikkei 225 (+2.0%) were positive as energy and financials in Australia mirrored the recent outperformance of the sectors stateside but with markets halted in the ASX within the first hour of trade due to a data-related issue, while the Japanese benchmark extended on its best levels in nearly 3 decades after stronger than expected GDP data for Q3 which showed the widest expansion in the economy since comparable data was available in 1980. Furthermore, the region was also boosted by the recent signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact involving 15 countries for the world’s largest trade bloc with members accounting for nearly a third of the global population and around 30% of global GDP, while the latest Chinese activity data added to the tailwinds after Industrial Production topped estimates and although Retail Sales missed, it still showed an improvement in growth from the prior month. Hang Seng (+0.9%) and Shanghai Comp. (+1.1%) were supported by the data and PBoC announcement of a CNY 800bln 1-year Medium-term Lending Facility operation, but with gains capped on uncertainty as reports suggested US President Trump plans a last-minute crackdown on China and will enact a series of hard-line policies in his final weeks. The announcement of a rejig to the Hang Seng Index also provided a catalyst for price action with the index to be increased to 52 constituents from the current 50 which saw Anta Sports, Budweiser APAC and Meituan Dianping benefit from their inclusion to the index and Swire Pacific shares suffered on their expulsion, effective December 7th. Finally, 10yr JGBs were flat amid similar uneventful trade in T-notes and with prices hampered by the broad appetite for riskier assets, as well as weaker demand at the enhanced liquidity auction for longer-dated JGBs.

Top Asian News

  • Budweiser, Anta, Meituan Rise After Hang Seng Index Inclusion
  • China’s Big Coal Gets Lift With Winter Seen Boosting Consumption
  • First Man Charged Under Hong Kong Security Law Pleads Not Guilty

Major European bourses trade mostly higher (Euro Stoxx 50 +0.8%) after picking up the bullish APAC baton, as the resurgence of State-side and APAC cyclicals reverberated into the region at the cash open – although in recent trade, the growth to value rotation seems to have garnered some traction (ahead of Moderna’s COVID-19 vaccine update this week) following the pause at the back-end of last week, with ES (+0.8%) and RTY (+1.1%) overtaking the NQ (+0.6%) which briefly gave up its 12,000 status. This has also become evident in European sectors, with Banks, Basic Resource, Travel & Leisure, Autos, Oil & Gas topping the charts, whilst Healthcare, Consumer Staples and Utilities lag and Tech inching lower towards the bottom of the spectrum after a firm open. The banking sectors has also been bolstered by BBVA (+15%) whose shares sky-rocketed some 20% at the open amid reports PNC is in advanced discussions regarding the acquisition of BBVA’s US operations in a USD 11bln transaction, subsequently underpinning the IBEX 35 (+2.0%). Meanwhile, the sub-par performance in Healthcare keeps the SMI (-0.1%) underwater. Elsewhere, Vodafone (+3.4%) holds onto gains despite overall downbeat earnings as the group is reportedly looking to raise USD 5bln in an IPO of their towers unit next year, according to sources.

Top European News

  • Johnson Is Forced to Isolate as He Starts U.K. Relaunch Week
  • Carlyle Said to Weigh Sale of Dutch Lingerie Brand Hunkemoller
  • Biggest Swedish Bank Chases U.K. Growth Despite Brexit Risks

In FX, nowhere near as pronounced as last Monday when the Pfizer/BioNTech results broke and really boosted sentiment, but nevertheless the risk environment is positive. Hence, the DXY is choppy around 92.500, with last week’s low (92.129) the only real ‘support’ ahead of 92.000 unless the market mood changes dramatically. Ahead, only NY Fed manufacturing before a couple of Fed speakers on a relatively quiet start to the week in terms of scheduled data and events.

  • NZD/AUD/NOK – The main beneficiaries of risk appetite as the Kiwi eyes 0.6900 and Aussie retests 0.7300 in wake of upbeat comments from RBA Governor Lowe on the economy that could rebound rapidly on more good news regarding the recovery from latest COVID-19 outbreaks and in advance of a speech from Kent tonight. Meanwhile, the Norwegian Crown is riding on the crest of firmer oil prices along with the trade balance returning to surplus from deficit, as Eur/Nok retreats through 10.8000.
  • EUR/CAD/JPY/GBP/CHF – Also firmer vs their US counterpart, with the Euro probing 1.1850 and untethered by option expiries, the Loonie firming beyond 1.3100 against the backdrop of rising crude and awaiting Canadian manufacturing sales, while the Yen pivots 104.50 following firmer than forecast Japanese Q3 GDP. Elsewhere, the Pound straddles 1.3200 ahead of the next round of Brexit trade talks as EU diplomats note progress in drafting a legal text, but still no mutually acceptable solutions on the key sticking points (fisheries, governance and level playing field) and the Franc is lagging near 0.9100 as Swiss sight deposits reveal a hefty increase in domestic bank balances.
  • EM – Broad gains vs the Dollar, as the Cnh extends off a firmer PBoC Cny midpoint fix amidst somewhat mixed Chinese data and a 12 month MLF injection to compliment Sunday’s RCEP. However, the Try has lost recovery momentum in the run up to Thursday’s CBRT policy meeting after reports that Turkey has submitted a Presidential motion to send troops to Azerbaijan.

In commodities, WTI and Brent front-month futures see respectable gains in early European hours as prices drifted higher in APAC trade on account of the overall risk-positive sentiment across markets, and ahead of the key JMMC meeting tomorrow which will lay the groundwork for the all-important OPEC/OPEC+ meeting at month-end. The committee (composed of Saudi, Russia, Iraq, UAE, Kuwait, Nigeria, Algeria, Venezuela and Kazakhstan) will track compliance among members and review secondary source data alongside current market fundamentals before proposing policy recommendations – thus no policy decision will be taken at this meeting. Consensus prior the Pfizer/BioNTech COVID-19 vaccine update was tilted towards OPEC+ extending current production levels through Q1 2021 vs. an output cut rollback to 5.7mln BPD from 7.7mln BPD in January under the pact. However, there has also been chatter of deeper output curbs, with recent sources noting that talks between OPEC and allies are closing in on a delay of three-to-six months, whilst deeper cuts have not garnered supported so far from other members – with unanimous consent needed for any revision to the pact. Note: today sees the Joint Technical Meeting (JTC) where a drip feed of early source reports cannot be dismissed. WTI Dec and Brent Jan have been waning off highs in recent trade after posting peaks at USD 41.24/bbl (vs. low 40.15/bbl) and 43.80/bbl (vs. low 42.71/bbl) respectively in a move coinciding with a pullback in sentiment. Elsewhere, spot gold and silver trade in lockstep with the Buck awaiting the next fundamental catalyst, with the former coming close to the USD 1900/oz in APAC trade, whilst the latter meanders on either side of USD 25/oz. Meanwhile, LME copper coattails on the APAC outperformance in the red metal, with prices getting a boost by the stronger than expected Chinese Industrial Production data and softer Dollar.

US Event Calendar

  • 8:30am: Empire Manufacturing, est. 13.8, prior 10.5
  • 1:45pm: Fed’s Daly Discusses Building a More Inclusive Economy
  • 2pm: Fed’s Clarida Discusses the Economic Outlook

DB’s Jim Reid concludes the overnight wrap

At around 8am we’ll release the results of our monthly market sentiment survey conducted from November 11-13 covering around 575 market professionals across the world. Thanks for all the responses. Although responders were not convinced last week’s vaccine news would bring a much quicker return to normal (slightly quicker at 53% being the top response), we did see views on equities markets reaching their most positive in the 13-month life of our survey. It was a similar story for US rates with the most bearish responses since we started asking about their directionality. A sign of confidence or a warning sign on positioning? Lots more in the full report including how many of our readers have had a positive Covid-19 test.On paper it doesn’t look like the busiest week ahead after a hectic last two. However, markets will be on high alert for any further vaccine news, especially efficacy data from Moderna and AstraZeneca even if we don’t know the exact timings. We could also hear that the Pfizer/BioNTech vaccine will get FDA emergency use approval later in the week. So one to watch.

Ahead of that, risk assets in Asia have got the week off to a very positive start, with the Nikkei (+2.01%), the KOSPI (+2.05%), the Hang Seng (+0.41%) and the Shanghai Comp (+0.82%) all seeing sizeable advances. The moves come on the back of the signing of the Regional Comprehensive Economic Partnership (RCEP), which is the world’s largest regional free-trade agreement, and covers 15 nations including China, Japan, South Korea, Australia, New Zealand and the 10 ASEAN countries. In total, it includes nearly a third of the global population and economic output, though India isn’t included following its withdrawal from the talks last year. There were also positive signs regarding China’s economic recovery, with October industrial production up +6.9% year-on-year (vs. +6.7% expected). And though retail sales came in slightly below expectations, with a +4.3% year-on-year increase (vs. +5.0% expected), that’s still the fastest annual increase seen this year.

It’s a similar story in the US, where S&P 500 futures are up +0.87%, and follows the index reaching an all-time closing high on Friday. One factor that might be supporting US equities are that two of President-elect Biden’s advisers on the coronavirus said that they were against a nationwide lockdown for the US, in spite of rising case growth across the country. Elsewhere over the weekend, there were a number of further developments on the pandemic, including a report from Reuters, which said that Germany was considering tougher measures, according to a draft document they’d seen, which included people being asked to abstain from private parties until Christmas. Meanwhile, UK Prime Minister Johnson was forced to self-isolate after coming into contact with another MP who tested positive.

Staying on the UK, the Brexit negotiations with the EU will continue to be in focus this week as the two sides continue discussions in Brussels on their future relationship. There will be added intrigue as towards the end of last week PM Johnson saw a number of senior advisors (including his chief adviser Dominic Cummings) pushed out of their positions. With a number of the original Brexit advisors on the Leave campaign having now been sidelined, we’ll see if that makes a difference to the direction of talks. However, the UK’s chief negotiator, David Frost, tweeted over the weekend that “We are working to get a deal, but the only one that’s possible is one that is compatible with our sovereignty and takes back control of our laws, our trade, and our waters. That has been our consistent position from the start and I will not be changing it.” So no obvious signs of any softening in the UK stance.

Time is running out before the year-end deadline when the transition period concludes and the UK will no longer be part of the EU’s single market and customs union. We’ve passed all the earlier informal deadlines now, so we’re running into overtime but the two sides are still talking and it’s not totally impossible this gets stretched into early December. However, any agreement document is expected to be several hundred legal pages long and needs to be translated into around 23 languages and then get ratified around Europe. So a logistical challenge. This week is yet another important one though, as EU leaders will be meeting via videoconference on Thursday, so a chance to get up to speed on progress.

On the data side, the US will release an increasing amount of hard data for October this week, including retail sales, industrial production (both tomorrow), housing starts and building permits (Wednesday). The more timely weekly initial jobless claims on Thursday will also be watched, having fallen to a post-pandemic low of 709k in the most recent data for the week through November 7.

From central banks, we’ll hear from a number of speakers including ECB President Lagarde (today), Bank of England Governor Bailey (tomorrow) and Fed Vice Chair Clarida (today). The main policy decisions will be coming from emerging markets, however, including the Central Bank of Turkey, the South African Reserve Bank and Bank Indonesia, who are all announcing their decisions on Thursday.

Lastly, earnings season is nearly over, with around 90% of the S&P 500 companies having reported now. Around 84% have reported a positive surprise on earnings and 72% have reported a positive surprise on sales. The coming week sees a further 12 S&P 500 companies report, along with a further 31 from the STOXX 600. Among the highlights are Vodafone today, before we get Walmart, Home Depot, Experian and EasyJet tomorrow. Then on Wednesday, reports include Nvidia, Lowe’s, Target and TJX, before Thursday sees Intuit report.

Recapping the week just gone, the agenda was dominated by the news that Pfizer’s Covid-19 vaccine was found to have a 90% efficacy rate in an initial reading of its late-stage trial with nearly 44,000 participants. The company indicated that they can produce up to 50m doses this year and up to 1.3bn doses next year. Markets reacted strongly to the news as the S&P 500 rallied +2.16% on the week (+1.36% Friday), while the VIX fell another -1.8pts to 23.1, its lowest level since August.

This led to a strong rotation into cyclicals stocks as the vaccine news gave renewed hope of an economic rebound. While the NASDAQ fell back -0.55% (+1.02% Friday), bank stocks on both sides of the Atlantic rallied in particular as yields rose, with US banks up +10.99% while European Banks climbed +20.01%. Similarly, European equities outperformed given the STOXX 600’s greater concentration of cyclical stocks. The STOXX 600 ended the week +5.13% higher (+0.01% Friday) while the FTSE MIB (+6.21%), CAC 40 (+8.45%), and IBEX (+13.29%) all gained sharply.

Sovereign bonds sold off as the vaccine news saw yields bounce to near pandemic highs. US 10yr Treasury yields rose +7.8bps (+1.5bps Friday) to finish at 0.896% as 10yr Gilt yields rose +6.4bps (-1.0bps Friday) to 0.34%, while 10yr Bund yields were up +7.4bps (-1.1bps Friday) to -0.55%. Yield curves also steepened on the vaccine news, with the US 2s10s curve reaching its steepest level since February 2018 on Tuesday. The curve has now steepened 5 of the last 7 weeks.

Elsewhere, the improving sentiment saw credit spreads in the US and Europe tighten on the week. US HY cash spreads were -14bps tighter, while European HY cash spreads tightened -31bps. IG saw US cash spreads -2bps tighter and -5bps in Europe. With risk sentiment improving, safe havens being sold, and rates moving higher, gold fell -3.18%, its worst week since the end of September. Elsewhere in commodities, WTI (+8.05%) and Brent crude (+8.44%) rose sharply as global demand forecasts improved with the vaccine hopes.

In terms of data from Friday, the second release of the Euro Area’s Q3 GDP showed the region’s economy growing +12.6% (vs. +12.7% first estimate) while year-over-year growth is now down -4.4%. This quarter will inevitably bring a second dip given increased restrictions. Meanwhile in the US, the October PPI reading showed prices slowing with PPI-ex food and energy rising +0.1% month-over-month (+0.2% expected), this was the smallest gain since June and down from +0.4%. On a yearly basis, core PPI rose +1.1%, just slightly lower than last month’s +1.2% reading. Lastly, the preliminary November reading of the University of Michigan’s consumer sentiment index fell unexpectedly to 77.0 (vs 82.0 expected) from last month’s 81.8. Following the US election, there was a significant negative shift in Republicans’ expectations with very little gain among Democrats.

3A/ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT: 

SHANGHAI CLOSED UP 36.87 PTS OR 1.11%   //Hang Sang CLOSED P 224.81 PTS OR .86%    /The Nikkei closed UP 521.06 POINTS OR 2.05%//Australia’s all ordinaires CLOSED UP  1.18%

/Chinese yuan (ONSHORE) closed /Oil UP TO 41.67 dollars per barrel for WTI and 44.27 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED AGAINST UP THE DOLLAR AT 6.5888. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5835 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

 

 

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

My goodness after 9 months the Washington Post goes full zero hedge and us in asking for the origins of the coronavirus….and they ask could it be China?  could it be the Wuhan lab? and they start to ask these questions two weeks after the election?

what fraudsters.

“We Need A Full Investigation”: WaPo Questions COVID Origins 10 Months After ZeroHedge Twitter Ban For Doing Same

 
 

About 10 months after Zero Hedge was suspended from Twitter and ridiculed by those peddling the “official” narrative about Covid-19 for an article we published asking critical questions about the origins of the coronavirus pandemic, the “mainstream” media finally appears to be asking those very same questions.

In the latest example of one of our “conspiracy theories” potentially turning into “conspiracy fact”, the Washington Post published an op-ed by its Editorial Board on Saturday called “The coronavirus’s origins are still a mystery. We need a full investigation.”

Just about 300 days late, guys. Good thing time isn’t of the essence, we guess.

“After so much death and illness, a mystery from the first days of the novel coronavirus has yet to be solved. We still don’t understand its origins or how it became a global killer. The answers lie in China, and quite possibly beyond. The world needs a credible, impartial investigation to better prepare for future pandemics,” the op-ed opens by saying.

The op-ed also notes that “no samples were taken that might prove a virus connection” from the Wuhan Huanan Seafood Wholesale Market after the outbreak began. “The data are insufficient to settle whether the market was the contamination source, or whether it served to amplify the virus for human-to-human transmission, or both, or neither.”

“The identity of the animal intermediary — if there is one — remains a puzzle,” the op-ed says. Wait – if there is one? We thought the signed, sealed and delivered “official” explanation was pangolins already. What happened?

Then, to WaPo’s credit, they talk about China silencing the doctors who were alarmed by the virus at first – something we wrote about and talked about extensively, as it was happening:

Last December, when the outbreak began in Wuhan, China silenced eight doctors who were alarmed by the mysterious illness that was spreading fast. Then, during critical weeks in January, provincial and central governments kept the lid on public information as the virus spread. These early coverups were telltale symptoms of China’s authoritarian party-state in action. The secrecy has left legitimate questions about whether China will ever be open about the virus origin.

And then there’s the coup de grace; WaPo “goes full Zero Hedge” and asks the very same question we asked almost an entire year ago: was the Wuhan Institute of Virology involved?

Beyond the blame game, there are troubling questions in China that must be examined, including whether the coronavirus was inadvertently spread in an accident or spill from the Wuhan Institute of Virology, which had previously carried out research on bat coronaviruses.

The hypocrisy is stunning – though we honestly aren’t surprised at this point.

As a reminder, in January 2020, shortly after we asked if “This [Is] The Man Behind The Global Coronavirus Pandemic“, referring to Wuhan Institute Of Virology scientist Peng Zhou (who three months later was being investigated by western spy agencies for his role in creating Covid) and some low-grade “reporter” from Buzzfeed decided to report us to Twitter for “doxxing” Zhou using publicly available information, Twitter told us our account had been suspended.

 

Recall, in September 2020, Twitter also nuked the account of “rogue” Chinese virologist, Dr. Li-Meng Yan, who “shocked” the world of establishment scientists and other China sycophants, by publishing a “smoking gun” scientific paper demonstrating that the Covid-19 virus was manmade.

It was not immediately clear what justification Twitter had to suspend the scientist who, to the best of our knowledge, had just 4 tweets – none of which violated any stated Twitter policies – and the only relevant tweet being a link to her scientific paper co-written with three other Chinese scientists titled “Unusual Features of the SARS-CoV-2 Genome Suggesting Sophisticated Laboratory Modification Rather Than Natural Evolution and Delineation of Its Probable Synthetic Route” which laid out why the Wuhan Institute of Virology had created the covid-19 virus.

For those who missed it, here is our post breaking down Dr. Yan’s various allegations which twitter saw fit to immediately censor instead of allowing a healthy debate to emerge.

133 days after Twitter “permanently” banned Zero Hedge on January 31, the network reinstated us after admitting it made an error. 167 days after that, the Washington Post is asking the questions that got us banned in the first place.

We’ll let our readers draw their own conclusions after letting that sink in

end

CHINA

We pointed this story out to you on Friday but it is worth repeating:  a sudden default by AAA rated Chinese owned coal miners is sending shockwaves across all markets

(zerohedge)

Sudden Default By AAA-Rated Chinese State-Owned Coal Miner Sends Shockwaves Across Markets

 

Something unexpected happened in China last week and it triggered a shockwave across Chinese bond markets.

The abrupt 1 billion yuan ($151 million) bond default on Friday of a state-owned coal mining company in Central China’s Henan province, one of China’s most populous provinces with more than 95 million people, set off reverberations across China affecting its parent company, industry peers and other state-owned bond issuers and triggered an investigation by the interbank bond market regulator. The default came just weeks after Brilliance Auto, a carmaker owned by the Liaoning provincial government which owns 25% of a venture with BMW, announced it would default on a 1 billion yuan bond which matured in late October.

As Caixin reports, Yongcheng Coal and Electricity Holding Group, which just last month got the highest possible, AAA rating from a domestic credit rating company, failed to repay an ultra-short-term bond that matured Tuesday, according to a statement posted by the Shanghai Clearing House.

 

China’s interbank bond regulator launched an investigation of Yongcheng Coal and Electricity Holding Group.
 

The default of Yongcheng’s bond – which now has 24.4 billion yuan worth of bonds outstanding, among which 6 billion yuan will mature by the end of 2020 according to Bloomberg- immediately set off a chain reaction affecting other coal mining companies and local government financing vehicles in other provinces. As shown in the chart below, local government bonds as far away as Yunnan province were affected.

  • Jizhong Energy Resources’s 5.4% 2021 note fell 7% to 87 yuan, a record low;
  • Pingdingshan Tianan Coal Mining’s 5.07% 2023 bond rebounded modestly from a record low, last trading at 79.

A large state-owned bank directed institutional clients to sell all bonds issued by local governments in the southwestern province after Yunnan Urban Construction Investment Group Co.’s offshore bond plunged, according to Bloomberg.

Coal mining enterprises in Shanxi and Hebei provinces either canceled bond issuance plans or slashed fundraising targets. Traded coal bonds plunged across China. On Friday, the SSE 50 Index of Shanghai’s largest stocks slumped as much as 2.1%, led by banks and insurers as bonds of Chinese commodity producers tumbled after the Yongcheng default.

 

“The wind has changed direction,” a senior bond market participant told Caixin. Under the pressure of debt replacement, many local governments may have more incentive to let debt-ridden LGFVs or state-owned enterprises go bankrupt and restructure, the market participant said.

To be sure, the Yongcheng default is likely just the first of many: China’s coal industry suffered a big hit from the Covid-19 pandemic as demand weakened. Data from the National Bureau of Statistics indicated that the sector’s profits fell 30.1% year-on-year in the first nine months. Yongcheng Coal is also involved in fuel processing, an industry where profits plunged 66.2% during the same period.

In response, the National Association of Financial Market Institutional Investors (NAFMII), China’s interbank bond market regulator, said last Thursday it was launching a “self-disciplinary” investigation into Yongcheng and related intermediary institutions. NAFMII said the probe would look into whether Yongcheng and intermediary companies fully disclosed risks and could result in penalties or referrals to “relevant departments” if fraud and violations are found.

The Yongcheng default also caught institutional bondholders off guard. Even on the default date, some institutions had just bought the bond maturing that same day, an institutional bondholder told Caixin. Analysts at China International Capital Corp. said the default can be traced to certain historical reasons, but it exceeded market expectations.

As we reported a few months ago, parent company Henan Energy and Chemical Industry Group, the province’s largest state-owned company by assets, also defaulted on its own debt. The Henan government bailed it out, giving creditors some peace of mind, but this time, some institutional bondholders that failed to get their money back say they fear the provincial government won’t extend a helping hand.

Meanwhile, according to Caixin sources, the Henan government’s senior officials are debating whether the government should bail out Yongcheng.

The first company to take a hit was the parent company. In a statement, Henan Energy and Chemical said that existing debt financing instruments have cross-protection clauses for investors that were triggered by Yongcheng’s default.

Yongcheng and its parent have a total of 26.5 billion yuan of bonds that have such cross-protection clauses with a grace period of 10 business days. This means that if Yongcheng’s default constitutes a default of the parent’s corresponding debt, it may lead to further pressure on short-term debt payments.

The default, which marked a sea-change in how investors view China’s propensity to bailout SOE, immediately affected borrowing planned by other coal mining companies and local government financing vehicles (LGFVs). Shangqiu, a city next to Yongcheng, canceled a planned issuance of 500 million yuan of LGFV bonds Thursday. A bond market participant told Caixin that the underwriters for the Shangqiu bond said a day earlier that the issuance would go as planned.

* * *

And yet, as bonds tumbled the “Robinhooders” of the institutional world quickly swooped in to BTFD: according to the FT, vulture funds are racing to buy bonds of troubled Chinese state-owned enterprises, after the sharp sell-off.

“The central government won’t allow the situation to deteriorate as that could lead to systemic risks,” said a hopeful David Huang, a Shanghai-based bond fund manager who spent Rmb20m to buy a three-year note by Brilliance Auto for 20 cents on the dollar. “That creates an investment opportunity” he added hoping that the PBOC would do what the Fed did in March and backstop the distressed issuers.

Not everyone agreed: other investors viewed the defaults as a sign that government bailouts of distressed state companies, once taken for granted by most investors, could no longer be guaranteed. “Our investment decision had been based on the belief that triple-A rated state firms are safe investments regardless of their fundamentals,” said the chief ratings officer at a Shanghai-based bond fund. “That’s no longer the case.”

And as investors grappled with the new reality of a China where risk of default is once again an overarching consideration, they were also puzzled by the defaults in part because many of the SOEs had previously boasted seemingly strong fundamentals. As noted above both Yongcheng and Brilliance had received triple A ratings and each had more than 20 billion yuan in  cash on their balance sheet, according to their most recent financial statements.

Making matters worse, investors were also unnerved that Yongcheng and Brilliance have spun off profitable assets before defaulting, including Brilliance’s shares in the BMW joint venture: “This has set a bad example, that the SOEs can be as irresponsible as private firms in avoiding debt payment,” one Yongcheng creditor said, shocked that the Chinese government can be, gasp, “irresponsible”.

Yet for the BTFDers of the world, the crash presents a buying opportunity: managers of vulture funds told the Financial Times they had placed “significant” purchase orders for bonds issued by struggling SOEs, under the expectation that regional governments will step in (and effectively bail them out if they made the wrong decision: “If they let Yongcheng or Brilliance go under, no state firms in Henan or Liaoning will ever be able to tap the bond market again,” said Mr Huang. “The government won’t let that happen.”

Maybe… but suddenly bets that China will just keeping bail everyone out look far more risky. In a lengthy twitter thread, famed China strategist and finance professor Michael Pettis laid out his thoughts on the subject of vulture funds buying the troubled bonds, and why this could prove to be a catastrophic “strategy”:

Very interesting article: China-based high-yield funds have rushed in to buy bonds of troubled Chinese state-owned enterprises on the back of a sharp sell-off caused by the default last week of a Henan coal-mining SOE.

Their buying, however, has almost nothing to do with credit analyses and is little more than a highly-speculative, binomial bet on whether or not the government will step in, as they have in the past, and restructure liabilities in a way that resolves the default.

Basically these funds are betting that, once again, the regulators will be so frightened by the short-term impact of allowing a default that they back away and arrange a bailout. One fund manager cited in this article makes no bones about the strategy: “The central government won’t allow the situation to deteriorate as that could lead to systemic risks.”

He adds: “If they let Yongcheng or Brilliance go under, no state firms in Henan or Liaoning will ever be able to tap the bond market again. The government won’t let that happen.”

I spent much of my career trading developing-country bonds, and I’ve seen many versions of this game before. This really isn’t an investment “strategy”. It is nothing more than a very simple bet that the regulators still have enough firepower to prevent defaults, and that they think the short-term costs of allowing defaults still exceed the long-term benefits. Until the regulators decide that they cannot keep kicking the can down the road, a strategy of buying bad news will always be profitable, after which the strategy will always blow up.

This is just Russian roulette, in other words: you’ll probably win any given round, and every time you win you will be more convinced than ever that the odds are in your favor, but they aren’t. This “strategy” always ends the same way.

The irony here is that longer the game goes on, and the more investors play this game, the more they undermine the long-term ability of the market to act as an efficient allocator of capital, and the more costly they make it for the regulator to keep preventing defaults.

Once regulators believe that long-term costs of keeping the game going exceed short-term cost of allowing real defaults, or once too-high debt levels reduce their ability to kick the can further down the road, they will bite the bullet and allow the defaults to take place.

The only question is when will that time come: in the case of Yongcheng it was last Friday; the problem is that in China there are thousands of similar SOE, which are effectively insolvent absent government support, and if the rug is suddenly pulled from underneath them one by one, China can forget all about the great influx of foreign capital that it needs in a time when it hopes to fund its nascent current account deficit and replicate the US experience of having foreign investors fund China’s economic growth going forward.

end
 
 
Turmoil in China’s bond market
(zerohedge)
 

China’s Bond Market Turmoil Worsens As More State-Owned Companies Default

 

Lat night we reported that China’s bond market was thrown in turmoil after the sudden and very much unexpected default of the recently AAA-rated Yongcheng Coal and Electricity Holding Group, a state-owned mining company in Central China’s Henan province which until last week was seen as sacrosanct due to its explicit government support and which sold debt last month. Well, no more, after 1 billion yuan ($151 million) of the company’s bonds defaulted on Friday.

The unexpected default prompted concern over the health of coal firms and their lenders, as well as the broader SOE market in general, triggering a selloff in bonds issued by weaker borrowers from the sector and prompting some of them to cancel debt sales.

The news reverberated across China, immediately setting off a chain reaction affecting other coal mining companies and local government financing vehicles in other provinces. Traded coal bonds plunged, with Jizhong Energy Resources’s 5.4% 2021 notes falling 7% to 87 yuan, a record low, while Pingdingshan Tianan Coal Mining’s 5.07% 2023 bond was last trading at 79, just off all time lows.

Local traders were incredulous: “Our investment decision had been based on the belief that triple-A rated state firms are safe investments regardless of their fundamentals,” said the chief ratings officer at a Shanghai-based bond fund. “That’s no longer the case.”

Still, some maintained hope that this was a one off event: “The central government won’t allow the situation to deteriorate as that could lead to systemic risks,” said a hopeful David Huang, a Shanghai-based bond fund manager who spent 20 million yuan to buy a three-year note by Brilliance Auto for 20 cents on the dollar. “That creates an investment opportunity” he added hoping that the PBOC would do what the Fed did in March and backstop the distressed issuers.

“If they let Yongcheng or Brilliance go under, no state firms in Henan or Liaoning will ever be able to tap the bond market again,” said Mr Huang. “The government won’t let that happen.”

Perhaps… although as Bloomberg strategist Ye Xie wrote last night, the Yongcheng default inevitably raises the question of who’s the next to fall.

We got an answer just hours later, a top Chinese chipmaker and a major car manufacturer announced debt defaults on Monday, expanding a list of distressed state-linked firms that have roiled China’s credit market in recent days.

According to Bloomberg, Tsinghua Unigroup said it wasn’t able to to repay a 5.6%, 1.3 billion yuan ($197 million) privately issued onshore bond due Monday, citing tight liquidity and after failing to win immediate approval from creditors to delay full repayment on the note. As we noted on Sunday, Brilliance Auto Group Holdings, a Chinese automaker linked to BMW, also announced that it has defaulted on 6.5 billion yuan ($987 million) of debt.

Backed by the prestigious Tsinghua University, Unigroup said it will keep raising funds to repay investors the bond’s principal and interest. According to Bloomberg, the chipmaker’s bonds tumbled since late October, crashing from par to just 25 cents, after its decision not to buy back a privately issued 6.5%, 1 billion yuan perpetual bond triggered concerns about its repayment abilities. Worries about Unigroup’s finances and fate have persisted since two years ago, when Beijing ordered education providers to distance themselves from commercial operations.

Separately, and also on Monday, Brilliance Auto – which pre-announced its own bond default in late October – confirmed its inability to repay a 6.5 billion yuan ($987 million) bond via a statement posted on Chinabond.com, adding that it had 144 million yuan of interest overdue. It attributed its defaults to tight liquidity and a failure to obtain approval for credit line rollovers. The defaults have affected production and operations and worsened its financial situation “significantly”, said the carmaker which is owned by the Liaoning provincial government and owns 25% of a venture with BMW.

Brilliance Auto’s bonds slumped after it failed to repay its 5.3%, three-year 1 billion yuan bond due Oct. 23, intensifying longstanding concern about its finances since its Hong Kong-listed unit agreed two years ago to give up control over its joint venture with BMW by 2022. The China-based joint venture has been a crucial source of earnings for the group.

According to a Brilliance statement, the company’s soured debts included bank loans, bonds, financial leasing contracts and trust loans. The revelations of the automaker’s debt blowup came after a creditor filed an application to initiate a local court-led restructuring against the Liaoning-based parent of BMW’s joint venture partner in China.

As reported last night, and as Bloomberg notes today, amid the deepening distress officials from China’s State Council have asked government departments to conduct a risk assessment, whose aim is to ensure stability in financial markets and to prevent any spillover effects from the credit sphere that could cause systemic risks.  If there is a risk of contagion, the regulator will have a response plan, although the initiative doesn’t mean that there will be bailouts, according to sourcesRegulatory authorities have made inquiries with senior executives of companies including Tsinghua Unigroup about their recent situations, a Bloomberg source said.

Meanwhile, according to Fitch, the number of defaults by China’s state-run firms is expected to rise marginally next year as the central bank has shifted toward a more neutral policy stance amid an economic recovery.

The new defaults will only add to the turmoil gripping the Chinese local bond market, as traders who until recently had never expected that SOEs would default, and had used that as an anchor in their investment decisions find themselves facing a whole new world, one where failure leads to default instead of bailout.

END

Trump pursues last minute China crackdown which might hem in the Biden administration

(zerohedge)

Trump Pursues Last-Minute China Crackdown To Hem In Biden Administration

 

Axios’ Jonathan Swan reports that in Trump’s final weeks in office the president plans to unveil a series of “hardline policies” on China with the ultimate aim of making it “politically untenable for the Biden administration to change course.” 

Very much akin to ‘maximum pressure’ on Iran, where the administration has also slapped any and all sanctions possible in order to try and make a Biden presidency’s attempt to restore US participation in the 2015 nuclear deal (JCPOA) near impossible, Trump wants to hem in the coming Biden administration and the ability for a Sino-US relations detente on a range of things like the Taiwan issue to China’s intervention in Hong Kong to human rights to Chinese tech as a backdoor for spying.

Swan writes“He’ll try to make it politically untenable for the Biden administration to change course as China acts aggressively from India to Hong Kong to Taiwan, and the pandemic triggers a second global wave of shutdowns.”

 

 

Source: Bloomberg/Getty Images
 

While according to Axios’ sources it won’t necessarily entail dramatic moves like further closures of Chinese consulates in the US, it will likely take the form of a continued pressure campaign detailing in public “China’s nefarious actions” in the US:

“Watch for National Intelligence Director John Ratcliffe to publicly describe in granular detail intelligence about China’s nefarious actions inside the U.S.,” writes Swan.

Further the administration plans to spotlight Chinese labor practices and pervasive human rights abuses, and move more hawkish policy officials into key US government positions.

The White House is also said to be already mulling the expansion of last week’s published list that was subject of an executive order banning Americans from investing in 31 Chinese companies which support in some way China’s People’s Liberation Army (PLA).

National Security Council spokesperson John Ullyot summarized the political end goal of Trump’s China actions to Axios: “Unless Beijing reverses course and becomes a responsible player on the global stage, future U.S. presidents will find it politically suicidal to reverse President Trump’s historic actions,” he said.

Raymond James’s Ed Mills listed fresh options likely being mulled by the Trump administration, according to Bloomberg First Word:

 
  • Withdrawing from the Phase One trade agreement with potential tariff escalation
  • Entity listings for more Chinese firms, potentially including Ant financial
  • Capital markets delisting orders targeting Chinese companies out of compliance with PCAOB auditing standards
  • Orders seeking Covid-19-related damages from China
  • Added restrictions on commercial transactions in information and communications technology and services
  • Sanctions on Chinese oil companies for violation of U.S. sanctions on Iran
  • Escalating human rights and geopolitical pressure on China, like harder language on Xinjiang, upgraded relations with Taiwan, penalties on Chinese officials related to Hong Kong

Meanwhile, on Sunday China was among 15 Asia-Pacific nations to sign the biggest free trade deal the region has ever seen – namely the Regional Comprehensive Economic Partnership, or RCEP – which has been eight years in the making.

China’s Premier Li Keqiang was cited in state media as hailing a “victory against protectionism” and in international media reports it is being called “a coup for China” which will bolster Chinese claims that it remains a “champion of globalization and multilateral cooperation”.

Thus Trump’s pressure campaign and trade war has in the end done little to isolate the PRC, which a Biden presidency is expected to seek to soften. But time will tell if these looming last ditch moves of escalation by Trump will indeed force a hard line out of the next administration as intended.

4/EUROPEAN AFFAIRS

EUROPE/POLAND/HUNGARY/EU

This is interesting:  Hungary and Poland threaten to veto the huge EU stimulus package.

(zerohedge)

“We Can’t Be Blackmailed”: Hungary & Poland Threaten To Veto EU Stimulus Package 

 
 

Poland and Hungary are taking an aggressive stand against what many see as the European Union’s attempt to “force foreign values upon member nations” – this after West European nations have frequently derided Poland under President Andrzej Duda and Hungary under Prime Minister Viktor Orbán as “authoritarian regimes” – something also echoed widely in US and UK media.

Bloomberg reports on Friday that “Poland joined Hungary in threatening to veto the European Union’s 1.8 trillion-euro ($2.1 trillion) budget over the bloc’s efforts to make sure funds only go to countries that adhere to democratic standards.”

In EU technocrat-speak adhering to “democratic standards” tends to mean everything from open EU borders, to state services for all migrants, to redefining marriage, to ceding sovereignty to a bunch of bureaucrats in Brussels, to abortion on demand.

 

Hungarian Prime Minister Viktor Orbán and his Polish counterpart Mateusz Morawiecki, via Hungary Today

Both countries have been seen as ‘severe violators’ of such principles, given Orbán’s family first policies summed up in the controversial “procreation, not immigration” messaging, or in the case of Poland recently upholding its strict anti-abortion laws.

Already under formal EU probes, both countries have sensed the latest attempts to link budget and stimulus packages to conformity with EU consensus ideology – or what Brussels touts as ‘rule of law’ – is yet another attempt to legally impose external values and directives.

Last week Orban said in a state radio interview that “Hungary can’t be blackmailed.” The Hungarian PM said further: “The rule-of-law debate sounds like it’s about the law but it’s a political debate.”

And now Poland is joining Hungary what increasingly appears their joint brinkmanship pushing back against being dictated to from abroad.

Meanwhile, establishment policy publications have in recent years frequently printed titles like thisone in Foreign Policy magazine:

A day after Polish Finance Minister Tadeusz Koscinski said “Officials in Brussels are out of touch with reality,” Bloomberg reports:

At stake is whether the EU can swiftly deliver hundreds of billions in much-needed funds to combat the steepest recession on record, while making sure the money isn’t misappropriated by countries where democratic checks and balances are weak.

A junior party in Morawiecki’s government said on Tuesday that the proposal is an attempt by the EU and its biggest budget contributor Germany to force foreign values upon member nations. Without its support, the government doesn’t have a majority in parliament and would need opposition support to ratify EU plans to issue debt.

Both countries now have effective veto over the budget and stimulus package, given the EU requires unanimous approval among members to borrow from the markets to fund the recovery package.

However, it only needed a majority as it last week imposed the ‘rule of law’ and democracy conditions as part of the negotiations. But that conspicuous stipulation may prove its undoing.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

SYRIA/USA

Looks like  Trump is keeping is word..convoys seen withdrawing from Northeast Syria and Iraq

(AlMasdar News)

Syria Exit In Progress? US Convoys Seen Withdrawing From Northeast Syria to Iraq

 

Via AlMasdarNews.com,

The US Army withdrew a number of its vehicles and soldiers from eastern Syria towards the northern region of Iraq, while it imposed a security cordon around a town in the eastern countryside of Deir Ezzor.

According to a Sputnik Arabic correspondent in Al-Hasakah, the US Army transported a number of military vehicles with about 50 soldiers from its illegal base in Al-Malikiyah to the northern region of Iraq for the second time during the past two days.

 

Illustrative file image of US military convoy in northern Syria.

These developments coincide with media reports about the Trump administration’s intention to withdraw its soldiers from eastern Syria, especially after the changes made by the president, which included the firing of Defense Secretary Mark Esper, who was replaced by Christopher Miller.

Earlier this week, it was revealed that the outgoing US envoy to Syria, James Jeffrey, had kept the total number of troops inside the Syrian Arab Republic from Trump.

Jeffrey had described in an interview last week with Defense One that when in December 2018 President Trump ordered a full and immediate Syria withdrawal, he and his team successfully stymied the efforts to get the US military out of Syria.

Here’s what he told Defense One:

“We were always playing shell games to not make clear to our leadership how many troops we had there,” Jeffrey said in an interview. The actual number of troops in northeast Syria is “a lot more than” the roughly two hundred troops Trump initially agreed to leave there in 2019.

Meanwhile Trump’s new Secretary of Defense Christopher Miller sent a late Friday memo to the entire Department of Defense workforce signaling a likely major US troop reduction during the administration’s last weeks, especially from the Middle East.

“We are not a people of perpetual war – it is the antithesis of everything for which we stand and for which our ancestors fought,” Miller said in the memo, and emphasized that “All wars must end.”

And in Miller’s most direct reference to a potential large-scale troop draw down, he wrote, “Ending wars requires compromise and partnership. We met the challenge; we gave it our all. Now, it’s time to come home.”

end

6.Global Issues

CORONAVIRUS UPDATE/GLOBE SATURDAY.

US Tops 170k New COVID Cases For First Time As 11 Million-Mark Nears: Live Updates

 

Summary:

  • US tops 170k new cases for first time
  • Total cases in US top 10.75 million
  • Istanbul mayor proposes lockdown
  • Latest outbreak impacting all states, regions
  • South Korea sees more new cases since September
  • Australia’s Victoria state goes 15th day virus free

* * *

New US cases topped 170k for the first time on Friday as the coronavirus outbreak intensifies across all 50 states. According to data provided by the Coronavirus Tracking Project, hospitalizations are right around 70k, also a new record high since the start of the pandemic, while tests have also reached new record highs.

With Elon Musk and others questioning the rate of false positives, rising deaths and hospitalizations nevertheless suggest that the outbreak is spreading rapidly and worsening. Scientists and researchers have more or less determined that colder temperatures and spending more time indoors lead to increased infection risk, since the virus spreads fastest in poorly ventilated places.

While all states are seeing numbers rise, the Midwest is getting hit particularly hard right now.

Two states, Texas and Illinois, reported more than 10k new cases yesterday, with Illinois seeing its daily number top 15k for the first time.

So far, the US has reported more than 10.75 million COVID-19 cases; of those, roughly 245k have died. Worldwide, more than 53.5 million cases have been confirmed, with more than 1.3 million deaths.

Interestingly, Charlie Bilello, the founder and CEO of Compound Capital Advisors, has created a model seeking to adjust the severity of America’s COVID outbreak for factors like increased testing. So far, his model has found that we’re currently seeing the highest rate of spread yet. That’s true for the US, and it’s true for most of Europe, too.

Over the past couple of days, Biden’s COVID advisors have walked back talk of a 4-6 week lockdown, as California and its northwestern neighbors Oregon and Washington urge residents not to leave their state unless they absolutely need to. Even some more red states have started to tighten restrictions, with North Dakota becoming the latest state to mandate mask wearing in indoor public places. ND Gov. Doug Burgum’s office released a series of mitigation measures that will go into effect on Monday.

Meanwhile, in California, public health officials have affirmed that another strict lockdown probably wouldn’t be the best course of action due to “lockdown fatigue”. California Health and Human Services Secretary Dr. Mark Ghaly said a strict mandate was ruled out over concerns that “COVID fatigue” might spark a backlash, leading people to behave in ways that are less safe.

As the world waits for the next update on the vaccine process, Bloomberg has pointed out that more comprehensive data from Pfizer, released as part of its application for emergency approval, is expected to be released.

Here’s some more news from overnight and Saturday morning:

A shutdown of two to three weeks should be implemented in Istanbul as the city accounts for more than 50% of the coronavirus cases in Turkey, Mayor Ekrem Imamoglu said. Imamoglu, who recently recovered from coronavirus himself, said that the city’s Science Advisory Board is recommending a shutdown followed by a controlled re-opening (Source: Bloomberg).

South Korea reports 205 cases as of Friday midnight — topping 200 for the first time since September — of which 166 were domestic and 39 imported. More than 65% of locally transmitted cases were from Seoul and Gyeonggi Province, a densely populated area surrounding the capital (Source: Nikkei).

Australia’s state of Victoria, an epicenter of the virus surge in recent months, records its 15th consecutive day of no new infections and no related deaths — two weeks after it eased one of the world’s longest and strictest lockdowns (Source: Nikkei).

China reports 18 cases for Friday, up from eight a day earlier. All new infections were from overseas (Source: Nikkei).

end

CORONAVIRUS UPDATE  MONDAY

New Jersey Follows Washington, Michigan By Tightening COVID-19 Restrictions: Live Updates

 

Summary:

  • NYC positivity rate has climbed to 2.77%
  • BioNTech CEO says vaccine shipments to start in early Jan
  • NJ lowers limit on private indoor gatherings
  • More states tighten restrictions
  • Merkel urges more restrictions on private gatherings
  • Mexico passed 1 million cases
  • Global cases are nearing 54.5 million
  • Hungary reported a record jump in cases
  • Iran sees new record
  • South Korea reports most new cases in 11 weeks

* * *

Update (1030ET): NYC’s 7-day COVID-19 positivity rate has climbed to 2.77%, up from 2.65% on Friday. Watch his news conference below.

 

As daily cases have continued to slide since the record daily numbers released just a few days ago, research from Bank of America appears to suggest that a pullback in testing is largely to blame. So, looks like we haven’t hit the peak just yet.

Meanwhile, NJ Gov Phil Murphy shared more details of the newest restrictions imposed in NJ Monday during a cable news interview: A maximum of 10 people can gather indoors, even in private residences, down from 25 earlier, while the limit on outdoor gatherings will drop from 150 to 100.

“There’s a lot of private-setting transmission,” Murphy, a first-term Democrat, said Monday in an MSNBC cable television interview. Indoor restaurant dining will continue to be limited to 25% of capacity, he said.

 

If you’re not just going to work or back, Murphy asked residents not to travel, and said that his family Thanksgiving holiday celebration had been cancelled, in favor of spending the holiday at home with his wife and kids.

Finally, BioNTech’s CEO just confirmed that the company expects to start shipping vaccines in January.

* * *

Update (0800ET): After reportng back-to-back records for daily case counts in the Garden State, New Jersey Gov Phil Murphy has just announced plans to lower the state’s limit on private indoor gatherings from 25 to just 10.

* * *

More US states tightened restrictions on operating hours for non-essential businesses (including restaurants and bars) on Sunday evening, including Washington State and Michigan, who imposed some of the most restrictive measures since the post-LDW surge began.

As Dr. Fauci reminded us over the weekend, more data on the leading vaccine projects in the West is expected this week, with the FDA expected to deliver its emergency-use authorization to Pfizer’s vaccine, allowing the company to start selling it to the most vulnerable patients.

As some German officials propose a 4-5 month ‘severe’ lockdown to try and crush the virus and avoid “yo-yo” measures down the road, Chancellor Angela Merkel is reportedly pushing for more restrictions on private gatherings, after imposing new lockdown-type restrictions on businesses earlier this month. France, which imposed a similar partial lockdown to Germany, said Monday that it’s finally seeing signs of progress since imposing the newest restrictions.

US cases topped 11 million on Sunday, while Mexico became the 11th country to top 1 million confirmed COVID-19 cases. Mexico is also nearing 100,000 confirmed deaths (with the accurate total expected to be significantly higher).

Mexico’s government has largely ignored accepted safety guidelines and practices to fight COVID-19. Officials have gone against recommendations to wear face m

Globally, COVID-19 cases are nearing 54.5 million. New cases continued to slow over the last 24 hours as numbers in Europe started to soften a bit.

Here’s some more COVID-19 news from overnight and Monday morning:

Hungary registered a record number of 6,495 new cases on Monday. While there’s still great pandemic pressure after stricter measures were introduced last week, there are still almost three times as many hospital beds available as hospitalized Covid-19 patients, Premier Viktor Orban said in a video posted on Facebook. However, the number of staff remains key to capacity. The coronavirus task force has recruited university students and commanded soldiers to help out in hospitals (Source: Bloomberg).

UK PM Boris Johnson said he is in Johnson, 56, said in a tweet he will “continue to lead on our response to the virus.” Yet the development looks set to hinder his plan to regain control of the national agenda after a chaotic week. The prime minister overcame a bout of Covid-19 in late March and April that had him in intensive care for three nights (Source: Bloomberg).

Iran reports a record 13,053 new coronavirus infections and 486 deaths over the past 24 hours as the government says it will tighten restrictions. The country totals are at 775,121 cases and 41,979 fatalities (Source: Nikkei).

Masks must be worn on Auckland public transport and on all domestic flights throughout New Zealand, effective from midnight Nov. 18, Minister for Covid-19 Response Chris Hipkins said in an emailed statement (Source: Bloomberg).

A vaccine from a unit of Johnson & Johnson is set to move to the third phase of clinical trials in the U.K. on Monday that will test the safety and effectiveness of the shot. The testing round by Janssen Pharmaceutical will include 6,000 volunteers and take place across 17 sites, according to a statement. The vaccine is the third candidate to be tested in the U.K., alongside one from an AstraZeneca Plc in partnership with the University of Oxford and another from Novavax Inc., it said (Source: Bloomberg).

South Korea reported 223 new cases in 24 hours, up from 208 a day earlier, according to data from the Korea Disease Control and Prevention Agency. The number is the biggest increase in 11 weeks (Source: Bloomberg).

 

7. OIL ISSUES

end

8 EMERGING MARKET ISSUES

 

Your early morning currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings MONDAY morning 7:00 AM….

Euro/USA 1.1828 UP .0001 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS//CORONAVIRUS/PANDEMIC/TRUMP POSITIVE WITH VIRUS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /GREEN

USA/JAPAN YEN 104.92 UP 0.426 (Abe’s new negative interest rate (NIRP), a total DISASTER/NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3174   UP   0.0024  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.3093 DOWN .0022 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM)

Early THIS  MONDAY morning in Europe, the Euro ROSE BY1 basis points, trading now ABOVE the important 1.08 level RISING to 1.1828 Last night Shanghai COMPOSITE  UP 26.87 PTS OR 1.11%

//Hang Sang CLOSED UP 224.81 PTS OR .86% 

/AUSTRALIA CLOSED UP 1,418%// EUROPEAN BOURSES ALL GREEN

Trading from Europe and Asia

EUROPEAN BOURSES ALL  GREEN

2/ CHINESE BOURSES / :Hang Sang CLOSED UP 224,81 PTS OR .86% 

/SHANGHAI CLOSED UP 36.87 PTS OR 1.11% 

Australia BOURSE CLOSED UP 1.18% 

Nikkei (Japan) CLOSED UP 521.06  POINTS OR 2.05%

INDIA’S SENSEX  IN THEGREEN

Gold very early morning trading: 1877.50

silver:$24.44-

Early MONDAY morning USA 10 year bond yield: 0923% !!! UP 3 IN POINTS from THURSDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.677 UP 3  IN BASIS POINTS from FRIDAY night.

USA dollar index early MONDAY morning: 92.70 DOWN 5 CENT(S) from  FRIDAY’s close.

This ends early morning numbers MONDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  MONDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.08% DOWN 1 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.02.%  DOWN 0   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.10%//DOWN 1 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.65 DOWN 3 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 55 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.55% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.30% AND NOW ABOVE THE  THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

Closing currency crosses for MONDAY night/USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM

Euro/USA 1.1841       .0013 or 13 basis points

USA/Japan: 104.55 UP .054 OR YEN DOWN 5  basis points/

Great Britain/USA 1.3194 UP .0042 POUND UP 42  BASIS POINTS)

Canadian dollar UP 28 basis points to 1.3087

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed UP AT 6.5847    ON SHORE  (UP)..

 

THE USA/YUAN OFFSHORE:  6.5742  (YUAN up)..

 

TURKISH LIRA:  7.70  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.02%

Your closing 10 yr US bond yield UP 1 IN basis points from FRIDAY at 0.909 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.3194 UP 1 in basis points on the day

Your closing USA dollar index, 92.63 down 12  CENT(S) ON THE DAY/1.00 PM/

Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates for MONDAY: 12:00 PM

London: CLOSED UP 104.90.67  1.66%

German Dax :  CLOSED UP 61.89 POINTS OR .47%

Paris Cac CLOSED UP 91.32 POINTS 1.70%

Spain IBEX CLOSED UP 202.50 POINTS or 2.60%

Italian MIB: CLOSED UP 413.63 POINTS OR 1.98%

WTI Oil price;  41.31 12:00  PM  EST

Brent Oil:44.03 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    76.37  THE CROSS LOWER BY 0.01 RUBLES/DOLLAR (RUBLE HIGHER BY 1 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  TO –.55 FOR THE 10 YR BOND 1.00 PM EST EST

END

This ends the stock indices, oil price, currency crosses and interest rate closes for today 4:30 PM

Closing Price for Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OILPRICE 4:30 PM :  41.45//

BRENT :  43.98

USA 10 YR BOND YIELD: … 0.908..up 1 basis points…

USA 30 YR BOND YIELD: 1.668 up 2 basis points..

EURO/USA 1.1854 ( UP 26   BASIS POINTS)

USA/JAPANESE YEN:104.58 UP .083 (YEN DOWN 08 BASIS POINTS/..

USA DOLLAR INDEX: 92.56 UP 19 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3196 UP 51  POINTS

the Turkish lira close: 7.69

the Russian rouble 76.21   UP 1.16 Roubles against the uSA dollar. (UP 116 BASIS POINTS)

Canadian dollar:  1.3076 UP 38 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.55%

The Dow closed UP 470.63POINTS OR 1.60%

NASDAQ closed UP 94.84 POINTS OR 0.80%


VOLATILITY INDEX:  22.45 CLOSED DOWN .65

LIBOR 3 MONTH DURATION: 0.222%//libor dropping like a stone

USA trading today in Graph Form

Dow Hits Record High As Vaccine Hope Trumps COVID ‘Casedemic’

 

COVID cases are exploding higher, hospitalizations are rising, and deaths have increased, but for the second Monday in a row, big pharma has dropped a press release proclaiming a “miracle” vaccine efficacy against the deadly pandemic.

Stocks soared initially… but just like last Monday, those early futures gains were quickly sold and Tech/momentum/growth was sold (weighing on Nasdaq)…From the vaccine headline, Nasdaq is unch, Small Caps significantly higher, Dow closed at cash high of the day…

 

The Dow (cash) hit a new record high today as futures tried (but failed) to peg 30,000 once again overnight…

 

As The Dow soars, Smart Money is not playing…

 

Source: Bloomberg

One thing we do note – if the exponential rise in cases is so worrisome, as the media, career bureaucrats, and liberal politicians proclaim endlessly – then why are bonds just shrugging it off?

Source: Bloomberg

Hint – either the election really made a difference or no one is buying the real terror being pitched from the casedemic and are heaping all their hope on the vaccine. In fact, ‘hope’ is soaring overall as the real economy is weakening…

Source: Bloomberg

Momentum crashed back to last week’s lows…

 

 

Source: Bloomberg

 

Cyclicals soared…

 

Source: Bloomberg

Bank stocks ripped like last week (even if rates barely ended higher)…

Source: Bloomberg

VIX pumped and dumped intraday to end modestly lower with a 22 handle…

Treasuries spiked notably on the Moderna vaccine headlines but were quickly bid back lower to end barely higher on the day…

Source: Bloomberg

10Y Yields ended less than 1bp higher on the day, giving back the early vaccine spike…

Source: Bloomberg

The dollar ended the day lower, unable to hold the spike gains from the vaccine…

Source: Bloomberg

Bitcoin soared to over $16,800…

Source: Bloomberg

This is the highest close since Jan 2018…

Source: Bloomberg

Oil prices ended the day higher on vaccine hopes presumably, but once again staled at $42 and faded back…

Gold futures plunged on the vaccine headlines but buyers stepped right in to bring it back to unch…

 

Finally, we note that fear of the virus has collapsed to its lowest since early March…

Source: Bloomberg

And the work-from-home/re-opening trade signals a big shift…

Source: Bloomberg

And the VIX term structure has collapsed…

a)Market trading/LAST NIGHT/USA

 
 

b)MARKET TRADING/USA//Non farm payrolls

 
 

ii)Market data/USA

With China more interested in funding its own deficits, the USA needs to find buyers of its debt.  It will have great difficulty in that and thus according to JPMorgan they will need to purchase a greater amount of the Treasuries and also the need to extend QE maturity.

 

Here Comes More Fed Easing: JPMorgan Expects Fed To Extend QE Maturity In December Meeting

 

Over the weekend we showed in simple terms why the Fed will have to adjust – and expand – its QE: as the following BofA table makes abundantly clear, in a time when foreign demand for US Treasurys continues to decline (with China’s current account moving into a deficit, it will be far more focused on finding its own foreign investors rather than funding US deficits), the US is set to issue a net $2.4 trillion while the Fed will monetize less than $1 trillion of this, a stark reversal from 2020 when Jerome Powell is purchasing every dollar of debt sold by Mnuchin.

So unless the Fed is prepared to allow Treasury yields to rise far higher in order to create the required excess demand for US paper to fund the massive 2021 deficit, it will be up to the Fed to aggressively increase its QE, although it may need another “crisis” as a catalyst to announce this expansion.

And while a crisis is unlikely to take place before the next FOMC meeting on December 16, JPMorgan is already taking the next step of projecting that in an interim step extending the duration envelope of QE, and now sees the Fed to extend the maturity of its Treasury purchases.

Here is what the bank’s chief economist Michael Feroli wrote this morning: We now look for the Fed to extend the maturity of its $80 billion monthly purchases of US Treasuries at the December FOMC meeting.”

But why? after all stocks are currently trading at all time highs and the economy is rapidly mending? How will the Fed justify yet another monetary expansion? Simple: the $2 trillion fiscal injection is not coming any time soon, if ever, which means that the only game in town remains Brrrrr. Only instead of telling the truth, Feroli decides to take the circuitous path to justify his assumption, stating that there are “considerable downside risks” to the economy due to the surge in covid cases, completely ignoring the fact that a covid vaccine is now just around the corner. If only stocks shared his pessimism:

The recent surge in virus case counts presents a considerable downside risk to the near-term economic outlook. While markets are more focused on the medium-term outlook, where vaccine hopes are rising, recent Fed rhetoric has indicated growing concern about the months between now and when a vaccine is widely available. Moreover, the apparent success of the monetary and fiscal response this spring is a reminder that minimizing short-run risks can lessen the degree of longer-run damage to the economy. At the most recent post-FOMC meeting press conference, Chair Powell indicated that the Committee thought the degree of accommodation they were providing was appropriate. However, the accelerating spread of the virus may be changing that assessment, and last Thursday Powell indicated that this spread implies that Congress and the Fed will likely need “to do more.”

While that cover the bulk of Feroli’s revised forecast, he padded it with the following:

There are a number of ways the Fed can try to do more, but we believe the approach which is most likely to gain consensus on the Committee is the one offered by Boston Fed President Rosengren: leave the notional monthly purchase pace unchanged but lengthy (sic) the weighted average maturity of their Treasury purchases. The rationale for such a move is simply to put more downward pressure on longer-term interest rates and thereby encourage more interest-sensitive spending.

In other words, take the already biggest asset bubble in the world and make it bigger:

He goes on:

The recent backup in longer-term interest rates actually increases the scope for this strategy to be successful. To the extent this backup has been driven by an increase in term premium (as in the ACM model), this further strengthens the case that extending  the maturity of purchases will place downward pressure on rates. As our colleagues in interest rate strategy recently noted, the Fed could potentially double the weighted average maturity of their current purchases.

At any rate, we believe the general policy shift will be announced in the December FOMC statement, with the details announced in an accompanying NY Fed operating policy statement. Finally, as we noted after the last FOMC meeting, the Federal Reserve Board may be running into legal and political challenges extending the various credit facilities beyond their current December 31st expiration date. If this remains the case this should further support the argument for the Fed doing more where it can operate with fewer constraints: in its asset purchase programs.

Since none of this does anything to expand the total monthly Treasury monetization, what JPM is focusing on is merely an interim step before the next crisis hits – sometime in Q1 – at which point the Fed, already gobbling up 10Y, 20Y and 30Y bonds, will announce it is expanding its $80BN in monthly TSY purchases to $160BN or more, just so the current status quo in which the Fed monetizes the entire US budget deficit, continues.

The only questions, as we laid out over the weekend, is what the next crisis big enough to enable more QE, will be and who will spark it?

Finally, for all those who only came here for the cartoons, here is an explanation of what’s going on.

 

iii) Important USA Economic Stories

New York/Hotels

Hotels in New York are in dire strait as 80% are on the verge of default

(zerohedge)

Time To Go All-In The “Big Short 3.0”? 80% Of New York Hotels On Verge Of Default

 
 

Now that hedge funds have finally started piling into the “Big Short 3.0″ trade, which as we first explained back in June is basically shifting the CMBS short from malls to hotels, every incremental development in the sector is closely scrutinized.

And judging by the lack of appreciation in the fulcrum BBB- tranche of the CMBX Series 9 index which has the highest exposure to hotels – despite a very modest rebound earlier this week on vaccine hopes – developments continue to be adverse with little sign of recovery on the horizon.

A recent tailwind blast for the CMBX 9 shorts came from a September report from NorthStar according to which, without aid 74% percent of US hotels said they expect to lay off more employees, with a whopping two thirds of properties warning they won’t be able to last another six months at the current projected revenue and occupancy levels. Needless to say, should two-thirds of the US hotel industry fold, shorting the CMBX S9 BBB- could well be the most profitable (institutionally sized) short in recent history when the Fed has effectively made shorting impossible.

Since then it’s only gotten worse for the hotel sector, which as even the FT now writes has hit New York hotel industry especially hard with four out of five properties underpinning commercial mortgage bonds now on the verge of default.

Normally among most vibrant of global hotel markets, New York has been hammered the coronavirus pandemic has left business travel and tourism deeply depressed ravaging cash flows. The effects have ricocheted into financial markets and hit the nearly $4bn of hotel mortgages in New York that are bundled into commercial mortgage-backed securities particularly hard.

The virus has also compounded years of overbuilding and created a glut of vacant hotel rooms. And while the prospect of a coronavirus vaccine, following this week’s breakthrough by Pfizer and Germany’s BioNTech, offers a glimmer of hope, it is unlikely to come soon and avert a bleak winter for hotel owners and the investors that lent them money.

How bad is it?

According to Vijay Dandapani, chief executive of the Hotel Association of New York City, if half the city’s 640 hotels survive it will be a “great” outcome.  While occupancy rates have recovered from their worst point in April where occupancy was down more than 60% year on year, they remain 20% lower than for the same month in 2019, a level which means much of the debt backing the properties will be impaired (i.e., default). Should New York impose a new round of draconian lockdowns, it will only get worse. Dandapani said that a best case scenario in which a vaccine is authorized would have “zero impact” on the hotel industry for the rest of the year, and possibly lead to the return of some tourism-related business in early 2021.

“But it’s fickle,” he said. “Realistically we aren’t going to see any improvement until the second quarter . . . The industry is really bleeding. It’s not just on life support, it’s comatose.”

For proof look no further than the latest data out of CRE consultants TREPP, according to which 37.7% of all New York hotels underpinning CMBS deals now sit on a watchlist meant to warn investors a mortgage is about be transferred to debt collectors known as special servicers. A loan may be added to the watchlist for a number of reasons, such as if the borrower’s income has dropped or they have recently missed a payment on their mortgage. In any case, once it hits special servicing, the loan is effectively in default unless the debtor and creditor manage to work out some agreement where the debt will remain “whole” after some pre-agreed restructuring.

What’s scarier is that a further 44.7% of loans have already been transferred to special servicers to either find a way to get borrowers paying their mortgage or to foreclose on the properties.

Together, it means more than 80% of the city’s hotels backing CMBS deals, approximately $3.1bn, are impacted adversely from coronavirus, far more than the national average of 71%.

“It’s terrible. There is no demand right now,” Manus Clancy, head of research at Trepp told the FT. “We’re going into a period of time when you would normally expect demand to be high. It’s the holiday season. People want to come to New York. They want to see the Thanksgiving parade and see the store fronts and go to Broadway. It’s now going to be a very dark time.”

One place that is already dark is the 476-room Hilton Times Square, which hotel closed permanently last month after its owner, Sunstone Hotel Investors, handed back the keys to lenders. The property backs a $76.5MM loan that makes up 17.4% of a 2011 CMBS deal. The mortgage on the loan had already been over 90 days delinquent in August. Sunstone Hotel Investors recently valued the property at $61m, down from $246m in 2010. This means that the Loan to Value is now well above 100% and – all else equal – the creditors are looking at losses of at least 20%.

 

The Hilton Times Square closed last month after its owner handed back the keys to lenders.

Another Times Square hotel, called The Hotel, admitted that revenues had become “nothing short of catastrophic” when it asked for 90 days’ forbearance from paying its mortgage, according to the special servicer’s report. S&P downgraded the previously triple B minus, investment grade-rated tranche of the deal — which is also heavily exposed to retail properties — to the junk rating of B plus. It will be in default as soon as the forbearance expires and is not extended.

Ironically, even one of Trump’s own properties was also caught up in the turmoil. While all of Trump’s four properties bundled into commercial mortgage-backed securities are current on their loan payments, Trepp placed one – the $6.5m mortgage on the Trump International Hotel at 1 Central Park West – on its watchlist after the property’s income fell substantially.

“I think New York is going to struggle for a while,” said Jen Ripper, head of CMBS at Penn Mutual Asset Management. “It is highly dependent on tourism and business travel.”

 

The Roosevelt hotel in midtown Manhattan, which opened in 1924, is to close.

As the FT concludes, “coronavirus has upended the investment thesis for large cities such as New York. Tourism has vanished and analysts warn business travel may never return as companies realise they can function without spending money on expensive business trips to big cities.”

It’s also why, as we said as early as June, shorting hotel-exposed CMBS is now the latest Big Short (version 3.0) in credit, after the Big Short 2.0, which focused on malls, made billions in profits to investors such as Carl Icahn.

Dave Goodson, head of securitized fixed income at Voya Investment Management said “urban core” property has moved from the area that owners sought exposure to being the sector of greatest concern. “It’s been turned on its head,” he added.

It’s also why until there is a widely accepted covid vaccine and until tourism make a complete return, shorting the fulcrum BBB- tranche of the CMBS 9 index will be the best way to profit from the devastation unleashed by the pandemic, especially since the Fed has so far refused to intervene and purchase any commercial real estate-linked securities. Of course, if and when Powell does step into the CMBX market, all bets are off.

END
 
 
 
Major stories on the stolen election: WEEKEND!
 
 
 
 
 
First: this article came on Oct 31, 4 days before the election and it outlines the criminal operation that the Dems will use to cook the election. It outlines hammer and scorecard:
 
(courtesy the American Report)
 

Here is the article written BEFORE the election, October 31, 2020 about Hammer/Scorecard by Investigative Journalists Mary Fanning & Alan Jones:

https://theamericanreport.org/2020/10/31/biden-using-scorecard-and-the-hammer-to-steal-another-u-s-presidential-election-just-like-obama-and-biden-did-in-2012/

then:  2. Nov 13//Friday night:

bombshell interview with Sidney Powell and Die hard fox reporter Lou Dobbs (who refuses to be intimidated by the new owners of Fox news). Powell is well aware of the damage that Hammer and Scorecard inside Dominion Software did in the 2020 elections as well as other elections.  She has documented proof of the operation and she announced: ‘the release of the Kraken”

a must view….

 

 

Lou Dobbs on Twitter: “Release the Kraken: @SidneyPowell1 …

twitter.com › status › 1327379704014393344
 
6 hours ago — Release the Kraken: @SidneyPowell1 vows to expose the Silicon Valley and left-wing corporations that are using their power to help …
 

end

3. Saturday: Nov 14//MORNING

We are now 10 days after the election and that gives the Dept of Justice and Attorneys General to obtain documentation on the theft of the USA election. Judge Louis Gohmert, Rep Texas (Republican) announces a USA raid on the European software company Scytl (a tabulation/software operation) where the USA received permission from the German government to seize the hard drives which details what really went on especially from 2 am to 4 am Wednesday morning Nov 3/2020, the night of the election.

(COURTESY  Hoft/Gateway Pundit)

Did the US Raid European Software Company Scytl and Seize their Servers in Germany? — Our Intel Source Says YES, IT HAPPENED!

By Jim Hoft
Published November 13, 2020 at 9:43pm

Earlier today Rep. Louie Gohmert told Chris Galcedo on Newsmax that people on the ground in Germany report that Scytl, which hosted  elections data Improperly through Spain, was raided by a large US ARMY force and their servers were seized in Frankfurt.

The video went viral.

 

Andrea Widburg at American Thinker earlier reported that Scytl is a Barcelona-based company that provides electronic voting systems worldwide, many of which have proven vulnerable to electronic manipulation.  Scytl has (or had) Soros and Democrat party connections.  Microsoft co-founder Paul Allen’s Vulcan Capital has invested $40 million in Scytl.

Tonight we learned from our source that Bill Gates also owns stock in Scytl.

Here is what Rep. Louie Gohmert (R-TX) had to say about this alleged raid earlier today.

Tonight we heard more from our source on this raid in Germany.

Louis Gohmert  ( Harvey:  Gohmert is Rep. from Texas and is a Judge):

From our source: The US government, once they determined that this Dominion server was involved in switching votes, then the intelligence community began a search for the server and discovered that the server was in Germany. In order to get access to that server and have it available for use in a legal manner they had to have the State Department (Harvey: Mike Pompeo) work in tandem with the Department of Justice(Harvey:  Bill Barr). They had to request that the government of Germany cooperate in allowing this seizure of this server.

The appropriate documents required to affect that kind of seizure were put in place, signed off on, and it appears there was also US military support in this operation. The US military was not in the lead. But this helps explain why Esper was fired and Miller and Kash Patel were put in place — so that the military would not interfere with the operation in any way. 

By getting ahold of the server they now are going to have the direct evidence of when they were instructed to stop counting. They will also discover who gave the direction to stop counting and who initiated the algorithm that started switching votes. The CIA was completely excluded from this operation.

end

4. Georgia:

The recount may be as corrupt as the original count as we have the same people in control

(courtesy Andrea Widburg/American Thinker.com)

The Georgia Recount May Be As Corrupt As The Election Itself

 

Authored by Andrea Widburg via AmericanThinker.com,

On Friday morning, Georgia began to recount the votes it received on November 3.  However, within a short time, reports came in that the recount process was being conducted with as little respect for transparency as the original vote count.  Without that transparency, this recount is a waste of taxpayer time and money.

Before getting to the problem with the recount itself, we need to be sure we’re all on the same page about what’s happening in Georgia, so some background is necessary.  In my post about the two different types of election fraud, I explained that the first type of fraud goes to ballot legitimacy.

That is, was the piece of paper that got fed into the counting machine from a duly registered voter?  If not, that vote cannot be counted.

We know from the affidavits flooding in from across the country that the Democrats used the Wuhan virus to justify mailing out millions of ballots to anyone on the voter registers, whether that person had since died, moved on, or lost interest in voting.  Because voter rolls are chock-full of such voters, mass mailings meant that thousand, tens of thousands, or even hundreds of thousands of ballots were floating around in mail-in states, free for anyone to grab and submit.

Democrats made this fraud possible because they have steadily chipped away at other election legitimacy gatekeepers, such as identification checks and signature matches.  In Democrat-run states, voting became as easy and as vulnerable to fraud as going to a shopping mall, filling out names on slips of paper, and sticking them in a big bucket for a promotional “drawing” for a bike or car.  Or, even better, mailing hundreds of completed slips of paper to your buddy at the car dealer for him to put in the bucket.  That’s how Democrat states ran their elections in 2020.

So here’s what’s important to know about Georgia’s recount: the recount will do nothing to correct this first type of fraud.  The process of vetting voters was wholly corrupt, and there is no way to disentangle the illegitimate from the legitimate ballots during the recount.

The second type of fraud involves counting.  Data-crunchers have produced powerful evidence that electronic voting machines in contested states were set to switch votes from Trump to Biden.  Jay Valentine has an accessible rundown of that type of fraud here.  What’s good about computer fraud is that, while it can be hidden on a small scale, on a large scale, it leaves unmistakable clues.  (You can read more about these clues here and here.)  There’s strong evidence that the same pro-Biden code that showed up in Michigan also affected votes in Georgia.

In theory, while it won’t winnow out illegitimate ballots, a hand recount will at least prevent a repeat of the computer counting fraud.  However, that works only if the humans doing the counting don’t cheat.

The best way to prevent humans from cheating is to watch them.  Indeed, those of you old enough to remember the Florida recount in 2000 will also remember that the media wandered freely through the counting rooms, getting close-ups of people carefully examining each ballot for those infamous hanging chads.  Everyone understood that the point was to get it right.

What happens, though, when the people in charge of the recount, in place of transparency, once again refuse to allow representatives of the parties to audit their work?  What happens is this:

In a brief video that I can’t embed but that you can view here, Dick Morris explains that there is more going on than just barring Republicans from observing the vote.  In addition, to the extent there are still available envelopes from the mailed in (absentee) ballots, secretary of state Brad Raffensperger stated that the counters would not attempt to match the signatures.

The refusal to check signatures or otherwise try to validate mail-in ballots has created hugely anomalous rejection rates.  Typically, Georgia rejects 3.5% of absentee ballots because they cannot be validated.  This year, says Morris, the rejection rate is 0.002%.  As Morris said, with nothing more, that discrepancy points to vast fraud.

Not content with removing these fraud controls, Raffensberger also ordered the counties to finish the process by 3 P.M. on Saturday.  Georgia received roughly 5 million votes.  It’s ludicrous to believe they can properly be recounted in one and a half days.  This isn’t a recount; it’s fraud theater.

For more information about what’s going on in Georgia, including the Senate runoff, be sure to check out VoterGA.com.  That site is all over Georgia’s election fraud.

end

5.Louis Gohmert…House Rep. Texas  (and a Judge)

Louis Gohmert announces that a raid on a German building has taken place early Saturday morning.  Later we find out that the building is the headquarters of the CIA offices in Germany, located in Frankfurt.

Word is getting out …

 
 
 
 
 
 
 
Attachments area
 
Preview YouTube video The US Military Has Raided And Seized Servers In Germany Tied To The Dominion Election System

 

 
 
end
 
 
 
 
 
 
 
6. Lin Wood…defense attorney reports
(courtesy Newsmax/Howie Carr//Lin Wood) 
 
Report on the raid on a CIA building in Frankfurt by the army. They obtain the criminal software, Scytl which is a tabulation computer.  The company Scytl is in bankruptcy in Spain.  The following email describes the operation to seize the assets of Scytl and other servers in Germany and then in Spain.
 
 
Email from Robert to me:
 
 
 
Porcelain Studio
 
 
People on the ground in Germany report that Scytl, hosting YOUR elections data Improperly through Spain, was raided by a large USARMY force & their Servers were Seized in Frankfurt. Scytl Bankrupt do what it takes for money. The Spanish software company Scytl, which sells election manipulation software worldwide that was used in the USA, is on the verge of bankruptcy. The server for the manipulation was in Germany. A rogue who thinks evil. Last night the US Army confiscated the servers with a huge mobilization. Scytl owns the servers that Dominion uses to store YOUR Voter Fraud data, INSTEAD of storing it in the USA where there are plenty of secure safe companies loyal to America, they Deliberately held it overseas in George Soros’ domain & with Activists & Criminals paid by him.US govt Already had servers seized in Germany in July which was hosting stolen USA police files wikileaks style, & other hacked govt agency information & files. Dubbed “BlueLeaks,” it comes from more than 200 agencies & includes Save The Children info Microsoft via one of its companies, Vulcan Capital funded Scytl 40 MILLION. So, what does this mean? Bill Gates’ Microsoft was FUNDING a CRIMINAL organization hosting CRIMINAL& Stolen information improperly, to tune of 40 MILLION Dollars, connected to Soros.
 
 
 
 
Attachments area
 
on Howie Carr’s program
 
 
Preview YouTube video DEEP STATE WILL BE DEFEATED by Attorney Lin Wood

 

 
 
 
7. Here is how the fraud operated:
 
 
 
 
1. The Dominion software system to rig elections originally came from Venezuela where Chavez used it to rig their elections
2,The USA bought the systems to rig their elections in or around 2011 to 2012 and actually it was used in California in 2012
3.George Soros has a software operation called “Smartmatic” which switches votes from one party to another. This was introduced into Dominion through a thumb drive.
4.The CIA developed a software operation called Hammer and Scorecard that switches votes in real time from one party to another.
5. This was introduced into Dominion through a thumb drive located in Germany. They inserted an algorithm to determine the votes needed to turn Trump victory into a Biden victory.
6 Dominion systems uses servers located first in Serbia and then in Germany to store the votes.
7 They use a bankrupt operation Scytl (Spanish) to tabulate the votes
8. The servers located in Germany was raided by the uSA military
(commentary/Louis Gohmert)
9. It was necessary to have these servers off shore to introduce our 3 programs into the system:
1. Smartmatic
2. Hammer
3. Scorecard
 
It is totally illegal to introduce any program into a voting machine and for matter, internet use in the tabulation of the votes is illegal and criminal.
 
 

 

 
 
 

Lord Mark Malloch Brown, a George Soros lieutenant, whose company Smartmatic, is intimately tied to Dominion Voting Systems who flipped votes from Trump to Biden. His machine was used in all the swing states. This would explain the MICHIGAN 200,000 vote sudden dump of Biden ballots, while WISCONSIN got a 100,000 Biden vote dump late night delivery.

 

Canada Free Press Last week, political blogs started reporting about concerns that billionaire George Soros owned a company that manufactures voting machines used in 16 states, including swing states like Florida and Arizona.

 

The Dominion Voting Systems, which has been used in multiple states where fraud has been alleged in the 2020 U.S. Election, was rejected three times by data communications experts from the Texas Secretary of State and Attorney General’s Office for failing to meet basic security standards.

 

Brown is concurrently Vice-Chair of Soros Fund Management & Vice-Chair of Open Society Institute. He secretly advances Soros’ goals. Brown is also Anti-Brexit and a climate zealot. When criticized about his friendship with Soros, and living on his colossal farm, Brown claimed he was “doing God’s work.” Brown’s subterfuge with the notorious UN program “oil-for-food” cost the UN $600 million and $300 mill cash disappeared.

 

Failed Vote Software Company: Dominion is associated with vote disasters, “Dominion “got into trouble” with several subsidiaries it used over alleged cases of fraud. One subsidiary is Smartmatic, a company “that has played a significant role in the U.S. market over the last decade,” according to a report published by UK-based AccessWire. Litigation over Smartmatic “glitches” alleges they impacted the 2010 and 2013 mid-term elections in the Philippines, raising questions of cheating and fraud. An independent review of the source codes used in the machines found multiple problems.”

Smartmatic & Dominion FailuresBloomberg criticized computer voter machines and software as inherently flawed in 2019. CBS News reported in 2019, “The voting machine lobby, led by the biggest company, ES&S, believes they are above the law,” said Sen. Ron Wyden, D-Ore. They have not had anybody hold them accountable even on the most basic matters.” Another concern is foreign ownership, and passive investors – like possibly Soros. Smartmatic’s figures were manipulated by 1 million votes in its 2017 Venezuela vote. Dominion failed in 2018 GA, but was retained, and failed again in GA and switched 6,000 ballots in MI this election, while PA, NV, AZ, WI, MN all used this. In 2019, GA citizens petitioned to have Dominion Voting Systems removed, as it failed in 2018 NV.

A so-called computer “glitch” in the voting machines flipping votes during the 2020 US Elections has caused a major controversy. A so-called computer ‘glitch’ in one of Michigan’s counties has led to 6,000 votes switching from President Trump to Joe Biden. It was revealed in Georgia that the “glitch” was caused not by hackers but by the vendor itself uploading a piece of software at the last minute.
GreatGameIndia has found that the vendors and not hackers maybe behind the rigging. One of the vendors, a Denver-based Canadian Crown Agent company Dominion Voting Systems has a long history of allegation of election rigging and interference in elections of various nations, including census data theft in India and interference in US Elections of 2020.

 

Visit www.joebidenaccountabilityproject.com

 

Follow me on Twitter https://twitter.com/StachowiakJames?s=09

end
 
 
 
 
8. LinWood’s lawsuit 
 
Lin Wood files Sunday night a lawsuit challenging Georgia’s Secretary of State’s unconstitutional agreement with crooked Abrams and the Democratic Part of Georgia
 
(LinWood/Hoft/Gateway Pundit)
 
 

 

 

Lin Wood Files Lawsuit Challenging Georgia’s Secretary of State’s Dark Unconstitutional Agreement with Hillary Attorney Marc Elias

The country is just being introduced to Georgia Secretary of State, Brad Raffensperger.  We are also beginning to uncover the corrupt actions he has taken to steal the 2020 election for the Democrats.  Soon the whole country will know him and his actions.

On March 6, 2020 the Georgia Secretary of State, Brad Raffensperger, a Republican, signed off on a secret legal agreement with the Democratic Party of Georgia, the Democrat Senatorial Campaign Committee, and the Democratic Congressional Campaign Committee to alter absentee ballot procedures in Georgia. The Democrats’ attorney for this secret deal was Marc Elias from Perkins Coie,the consigliere of Hillary Clinton who has been busy managing other secretive Democratic election operations all across the country. (In Appendix A of Lin Wood filing yesterday is a copy of the agreement – See below.)

Attorney L. Lin Wood, Jr. who is a resident and legal voter of the state of Georgia, filed a legal complaint yesterday against not only Georgia Secretary of State Brad Raffensperger, but also against the members of the Secretary of State’s State Board of Elections for getting into this agreement.

 

Wood tweeted about his lawsuit yesterday against the Georgia Secretary of State and Election Board based on their unconstitutional actions in the election:

The lawsuit filed by Wood argues that the Secretary of State and the Election Board changed the manner in which absentee ballots were counted which they had no right to sign.

 
 
 

The right to change election processes lies with the legislature and not the Secretary of State or the Judiciary:

Wood argues in his lawsuit that given that Raffensperger had no legal authority to sign this legal document, Wood is asking of the Court, in his Prayer For Relief, the following:

(a) That, as a result of Defendants’ violations of the United States Constitution and violations of other federal and state election laws, this Court should enter an order, declaration, and/or injunction that prohibits Defendants from certifying the results of the 2020 general election in Georgia on a statewide basis;

(b) Alternatively, that, as a result of Defendants’ violations of the United States Constitution and violations of other federal and state election laws, this Court should enter an order, declaration, and/or injunction prohibiting Defendants from certifying the results of the General Elections which include the tabulation of defective absentee ballots, regardless of whether said ballots were cured;

(c) Alternatively, that, as a result of Defendants’ violations of the United States Constitution and violations of other federal and state election laws, this Court should enter an order, declaration, and/or injunction that the results of the 2020 general election in Georgia are defective as a result of the above-described constitutional violations, and that Defendants are required to cure said deficiencies in a manner described in the Litigation Settlement; and

(d) Any and other such further relief that this Court or the Finder of Fact deems equitable and just.

President Trump tweeted about this agreement this morning:

Raffensperger is now running a bogus recount where signatures are not being challenged:

It’s clear that Georgia Secretary of State Raffensperger signed an agreement which permitted the state of Georgia to have its election tampered with which would swing the election to the Democrats.  This corrupt deal with Hillary’s attorney Elias is now being uncovered.  It never should have been signed in the first place.

 

 
 
 
 
end
 
8.B  DERSHOWITZ/
 
Dershowitz  explains Trump’s plan of denying Biden’s bid for 270 electoral college voters because of fraud in the battleground states..
(Phillips. Epoch Times).

Dershowitz: Trump May Try To Deny Biden 270 Electoral Votes, Put Election In Congress

 
 

Authored by Jack Phillips via The Epoch Times,

Harvard Law professor emeritus Alan Dershowitz predicted that President Donald Trump will attempt to settle the election in a way not seen since the 19th century.

In an interview with Newsmax, the longtime legal expert said Trump no longer is attempting to reach 270 Electoral College votes but will instead focus on denying Democratic nominee Joe Biden’s chances of getting 270 votes.

 

“Let’s look at the big picture: The big picture now has shifted,” Dershowitz told the website. “I do not believe that President Trump is now trying to get to 270 electoral votes. I think he thinks that’s out of the question.”

Trump hasn’t signaled in public about his chances of securing 270 votes due to several legal challenges.

“What he’s trying to do is to deny Joe Biden 270 votes, by challenging in Pennsylvania, Georgia, in Nevada, in Michigan, in Arizona,” Dershowitz said, adding that not allowing Biden to reach 270 out of 538 votes would eventually force House state delegations to vote, where Republicans have an advantage over Democrats. Currently, the GOP has a 26-23-1 state delegation majority in the House of Representatives.

“If he can keep the Biden count below 270, then the matter goes to the House of Representatives, where, of course, there is a Republican majority among the delegations of states, and you vote by state if it goes to the House,” Dershowitz said.

“He’s trying to follow the playbook of three elections of the 19th century.”

Dershowitz noted that a number of things would have to align perfectly for Trump to win under that circumstance.

“You need a perfect storm for it to work,” he said. “You need to get enough states, enough state attorneys general, or state departments, or whoever, secretaries of state or governors that are Republican that legitimately refuse to certify the results because they’re under challenge on the day the Electoral College meets by statute.”

“If on that day, Biden doesn’t have 270 votes—you don’t get to vote two or three times on that; as far as the Constitution’s concerned, it’s one vote—and if the one vote doesn’t give the leading candidate 270 electoral votes, then automatically it goes to the House of Representatives, where a whole new process takes over, and a process that clearly favors President Trump,” added the former law professor.

 

Trump’s campaign or legal team hasn’t publicly stated whether that strategy is in play. Currently, his lawyers have a number of lawsuits filed in several battleground states, including at least one that is slated to be heard by the U.S. Supreme Court.

Legal counsel for President Donald Trump, Alan Dershowitz speaks during impeachment proceedings against U.S. President Donald Trump in the Senate at the U.S. Capitol in Washington on Jan. 27, 2020. (Senate Television via Getty Images)

Dershowitz served on Trump’s legal team during the Senate impeachment trial earlier this year.

Other Interpretations

According to a Reuters article on Nov. 4, “Normally, governors certify the [election] results in their respective states and share the information with Congress.”

However, it noted“some academics have outlined a scenario in which the governor and the legislature in a closely contested state submit two different election results. Battleground states of Pennsylvania, Michigan, Wisconsin, and North Carolina all have Democratic governors and Republican-controlled legislatures.”

“It is unclear in this scenario whether Congress should accept the governor’s electoral slate or not count the state’s electoral votes at all,” Reuters said, citing experts.

It further cited the 1876 disputed election, in which three states appointed “dueling electors” that triggered Congress to pass the Electoral Count Act of 1887, which means that “each chamber of Congress would separately decide which slate of ‘dueling electors’ to accept.”

Republicans are in control of the Senate, and Democrats are in control of the House.

“If the two chambers disagree, it’s not entirely clear what would happen,” the article says, citing experts.

In regard to some of these Electoral College laws and scenarios, “it is fair to say that none of these laws has been stress-tested before,” Benjamin Ginsberg, a lawyer who represented the Bush campaign in 2000, told the news agency.

A contingent election could also be in play, where neither candidate reaches 270 votes. The Reuters article echoed Dershowitz in saying that it means that the 50 House delegations—of which the GOP has a majority—would vote on the president, while the vice president would be chosen by the GOP-controlled Senate.

Jan. 20 is when the term of a current president ends. If the dispute isn’t ended by then, according to law, the House speaker is named president for the interim.

 
9.. Lin Wood tweet:
 
Soon people will be going to jail
 
 
 
 
 
 
 
-people-will-be-going-to-prison-lots-of-people/

Trump’s Bulldog Attorney Lin Wood: “Soon people will be going to prison. Lots of people”


You’ve probably heard the name Lin Wood.

He’s the powerhouse bulldog attorney who represents Nick Sandmann and Kyle Rittenhouse, among others.

And now he’s working with President Trump to prove and expose all the voter fraud.

I feel REALLY good having Lin Wood, Sidney Powell and Rudy Giuliani on our side!

If there’s anything to be found, you can bet they’ll find it all.

And it looks like they already have.

Because look what he tweeted out earlier today:

And check it out, from the Howie Carr show:

Attorney Lin Wood: Time and effort I’ve been putting into this but really it reflects almost round the clock efforts by members of the legal profession and ordinary people. People of this country that are all determined and not only uncovered the truth but exposed the truth. And when all is known I’m 100% confident that Donald Trump will be President of the United States for four more years. And I’m just this confident that Joe Biden and the people like him that been trying to steal this election and committed crimes for years they will all go to jail.

Howie Carr: What leads you to be so optimistic? There’s time but we are coming up on dates of voter certification.

Should Democrats who tried to steal the election be in jail?
 
 

Lin Wood: I believe in We the People. This was a well planned, almost for two decades attack to overthrow our government. Was it well done in the sense to hide the fraud? Sure. But it was too massive!… The process will show that they themselves killed several people in this country.

end

10 FOREIGN INTERFERENCE IN OUR ELECTIONS/EXECUTIVE ORDER 2018

This is a very important commentary from HealthRanger where he outlines what will probably happen in the next few weeks.  Trump in 2018 signed a national emergency executive order on foreign interference in elections and this will allow the Attorney General to seize assets of a foreign entity and anybody that aids and abetts their operations. This is how  Trump will snare Brennan,  Clapper, Haspel, the Democrats, the media\\(a must read…

(Health Ranger)

 
 
 
 
BOMBSHELL: The 2020 election took place under a Trump-declared “National Emergency” that set an Election Day trap for the “unauthorized accessing of election and campaign infrastructure
 
BY HEALTHRANGER // 2020-11-13
 
We have another major bombshell for you here, regarding the 2020 election. Despite the intense, malicious censorship of Big Tech, we’re really becoming known for in-depth analysis and research of current events, so thank you for your support as we continue to fight for the very survival of America, our constitutional republic. This story begins with the little-known executive order signed into existence on September 12, 2018, by President Donald J. Trump. That order, available at Whitehouse.gov, is entitled, “Executive Order on Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.” In that executive order, which almost no one has covered since the day it was signed, President Trump declares a national emergency. That emergency is still in play to this day, and the 2020 election was conducted under this state of emergency, which is a crucial point to understand what’s coming next.

 

“Unauthorized accessing of election infrastructure”

In the EO, the President also states that people and organizations located, in part, outside the United States are known to be able to, “interfere in or undermine public confidence in United States elections, including through the unauthorized accessing of election and campaign infrastructure or the covert distribution of propaganda and disinformation.” If you’re starting to see how this ties in to CNN, the NY Times, the Washington Post and MSNBC, you’re not alone. All those organizations, as you’ll soon see, have been caught under this emergency declaration of “foreign interference” in U.S. elections, aided by complicit corporations on U.S. soil. The EO further states that this foreign interference in U.S. elections, “constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States.” Why is this relevant to anything we’re seeing right now with the massive election fraud carried out by the Democrats and the deep state? Because Dominion Voting Systems is a Canadian company. And Scytl is run out of Spain. That’s right. Dominion is a foreign-owned company, which makes Dominion-based election theft a “foreign interference issue.” Scytl, by the way, is connected to George Soros and the Democrats, and according to TGP (see below), “Bill Gates also own stock in Scytl.”

Dominion is Canadian, Scytl is from Spain; both represent “foreign interference” in US elections… with data routed through servers in Germany

Another voting machine company called Scytl — also widely used in US elections — is located in Spain. As Great Game India reportsDays after it was revealed how 2020 US Elections were rigged by Canadian Crown Agent Dominion Voting Systems through a so-called “glitch”, now GreatGameIndia has found involvement of another dubious foreign company in US Election meddling. The votes cast by Americans were counted by a bankrupted Spanish company Scytl in Spain. Like Dominion Voting Systems, Scytl has a long history of election fraud in various nations including injecting backdoors in its election software. The issue has prompted experts to question why the sensitive job of counting votes was outsourced to a foreign company? How could a bankrupted Spanish company count American votes in Spain? Due to such widespread fraud, the Chairman of the US Federal Election Commission Trey Trainor believes that the 2020 US Presidential Elections is illegitimate. What people are missing in all this is that Trump’s 2018 executive order gives the DOJ the power to seize all assets of individuals and companies that were complicit in aiding or covering up this foreign interference in U.S. elections. The National Emergency order specifically calls for seizure of all assets of entities that have, “directly or indirectly engaged in, sponsored, concealed, or otherwise been complicit in foreign interference in a United States election.” That would, of course, have to include practically every CNN fake news anchor, every Big Tech CEO, every fake news journo-terrorist from NBC News, the NY Times and the Washington Post. They are all complicit in gaslighting America and covering up the massive foreign election interference that just took place. Trump’s EO further explains that asset seizures shall target people and entities which have: …materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any activity described in subsection (a)(i) of this section or any person whose property and interests in property are blocked pursuant to this order; or (iii) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property or interests in property are blocked pursuant to this order. In other words, the EO covers every person who has been corrupted or compromised by communist China. And that includes at least 80% of Democrat lawmakers, by our estimates, including Senators Feinstein and Schiff.

Every organization involved in the election theft and cover-up can now be seized by the US government

But that’s not even the full extent of what’s demanded by this Executive Order. In Section 8, the order explains that the term “person” also means, “a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization.” In other words, any media organization that assisted in covering up or assisting foreign interference in a U.S. election is specifically targeted by this Executive Order. Further in the definitions section, the EO explains: …the term “election infrastructure” means information and communications technology and systems used by or on behalf of the Federal Government or a State or local government in managing the election process, including voter registration databases, voting machines, voting tabulation equipment, and equipment for the secure transmission of election results. That would include the Dominion voting systems as well as all other voting systems used in the recent election. Finally, the EO describes what it means by the term “foreign interference.” It means: (emphasis added) …any covert, fraudulent, deceptive, or unlawful actions or attempted actions of a foreign government, or of any person acting as an agent of or on behalf of a foreign government, undertaken with the purpose or effect of influencing, undermining confidence in, or altering the result or reported result of, the election, or undermining public confidence in election processes or institutions. Note the important words of “altering the result or reported result of the election.” This is exactly what Big Tech and the lying fake news media have done to America. More that merely a crime, it’s treason… and it fell right into the national emergency trap that Trump publicly announced in 2018 which now means all these corporations and organizations can have their assets seized literally overnight. In this video, Trump attorney Sidney Powell describes “staggering statistical evidence” and “staggering witness testimony” about the criminal election fraud that was carried out across America. She adds, “If you want to talk about foreign election interference, we certainly have it now.” Listen: https://twitter.com/LouDobbs/status/1327379704014393344

Rep. Louie Gohmert (R-TX) says the US military just raided the server farm of Scytl in Spain

Lest you think this is all speculation and rumor, we now get to the part where the rubber meets the road. According to a video interview with Rep. Louis Gohmert (R-TX) which aired earlier today, the US military has just conducted a raid on the server farm of the now-bankrupt Scytl company in Barcelona, Spain. The Gateway Pundit, which has been at the forefront of much of the bombshell reporting of the election rigging conspiracy that took place on November 3rd, reached out to its sources to confirm the military operations in Europe, as related to gathering evidence of election theft. Here’s what TGP just reportedThe US government, once they determined that this Dominion server was involved in switching votes, then the intelligence community began a search for the server and discovered that the server was in Germany. In order to get access to that server and have it available for use in a legal manner they had to have the State Department work in tandem with the Department of Justice. They had to request that the government of Germany cooperate in allowing this seizure of this server. The appropriate documents required to affect that kind of seizure were put in place, signed off on, and it appears there was also US military support in this operation. The US military was not in the lead. But this helps explain why Esper was fired and Miller and Kash Patel were put in place — so that the military would not interfere with the operation in any way. By getting ahold of the server they now are going to have the direct evidence of when they were instructed to stop counting. They will also discover who gave the direction to stop counting and who initiated the algorithm that started switching votes. The CIA was completely excluded from this operation. Here’s the interview with Rep. Gohmert, now on Brighteon.com, just in case YouTube tries to memory hole this video:

The raid appears to have targeted the CIA’s Frankfurt server farm operation

We also now have confirmation from WikiLeaks documents that the CIA used a data center in Frankfurt as a remote hacking base to rig US elections. DW.com reportedWikiLeaks released a trove of CIA documents on Tuesday that it claimed revealed details of its secret hacking arsenal. The release included 8,761 documents that it claimed revealed details of “malware, viruses, trojans, weaponized ‘zero day’ exploits, malware remote control systems and associated documentation.” The leaks purportedly revealed that a top secret CIA unit used the German city of Frankfurt am Main as the starting point for numerous hacking attacks on Europe, China and the Middle East. German daily “Süddeutsche Zeitung” reported the building was known to be home to a vast network of intelligence personnel including CIA agents, NSA spies, military secret service personnel, Department of Homeland Security employees and Secret Service employees. It reported the Americans had also established a dense network of outposts and shell companies in Frankfurt. It appears the CIA was using the same foreign data center to hack the US elections… and got caught. This is precisely why, as the Gateway Pundit reports, the CIA was kept completely out of the server raid operation that just took place in Germany. The raid was likely leveled against the CIA’s own server farm that ran the remote Dominion hacking operation the night of the election! https://twitter.com/LLinWood/status/1327425499472293888

GOING DOWN: Big Tech, media giants, Democrat operatives and half the deep state

It should be obvious to any informed person that everything Big Tech and the fake news media did to rig this election, then bury the Democrats’ massive vote fraud operations, was a covert, fraudulent deception and unlawful action… and it was all carried out on behalf of communist nations like China and globalist operations that are located outside the United States. It’s not merely that the voting system companies whose hardware and software systems rigged the election were located in Canada and Spain; we’re also told that part of the CIA’s rigging of the election in real-time involved data being offshored to servers located in Germany and possibly Serbia. So there are at least three or four foreign countries involved in this election, and that doesn’t even include China and Venezuela, who both had other roles in running influence operations to rig the election outcome in favor of Biden. (Funding for Dominion was also provided, it is rumored, from wealthy socialists in Venezuela.) Now, Team Trump is in the process of gathering irrefutable evidence of criminal collusion to carry out election interference, and the cover-up trails will lead directly to Big Tech (targeted censorship and collusion with China) and the fake news left-wing media (gaslighting propaganda campaign to cover up evidence of foreign collusion). This means that in one fell swoop, President Donald J. Trump will be able to:

  1. Arrest and seize the assets of all the top Democrats and deep state traitors who attempted to steal the 2020 election.
  2. Seize all the Big Tech corporations and left-wing media propaganda outlets that were complicit in the conspiracy. This could include seizing their domain names such as Twitter.com, YouTube.com, Facebook.com, etc.
  3. Defeat the DNC forever by revealing overwhelming evidence of widespread election fraud, which will also result in a nationwide call for a voter ID system for all future elections.
  4. Solidify his own standing as the brilliant mastermind President of the USA for a second term (and perhaps a third, we dare say).

Never bet against the Donald.

RECOUNTS no longer matter; the certification of votes is now irrelevant

The action plan to achieve all this is under way as you read this. Team Trump already has the full transaction logs of Dominion Voting Systems election alterations, and with raids taking place in Europe, more evidence of foreign interference is being secured. Importantly, this enormous cache of vote fraud evidence will be more than sufficient for President Trump to present this evidence to the American people, then declare an illegal insurrection attempt against the United States of America while deploying US Marshals or military police to arrest the treasonous actors in the United States who attempted to carry out this elaborate criminal fraud. No wonder John Brennan appears to be crapping himself every time he appears on live television. Once Trump’s plan is fully activated, people like Brennan will need a lifetime supply of Depends. Once all the evidence is compiled and presented, President Trump merely needs to declare the entire election to be null and void as an artifact of a failed foreign coup attempt against the United States, aided by treasonous operators inside the Democrat party and certain dark corners of the intelligence community (CIA, FBI, etc.). As an immutable legal principle, any party that engages in a social contract (such as an election) and then cheats to try to unfairly “win” that contract, is disqualified by default. You cannot win an election by stealing it. There is overwhelming legal precedent for this in court decisions from both SCOTUS and Federal district courts. The recounts are irrelevant. The “certification” of the fraudulent votes is just theater. None of that matters once the overwhelming fraudulent nature of the entire operation is documented and revealed to all.

We’ve already won

Trump has already won this election. The treasonous enemies of America have already been caught. They will face criminal charges by the thousands as all this plays out, unless they flee the country first. And the DOJ is about to drop the hammer on the entire operation. The American people are with Trump — including many Democrats who are now sickened by what they witnessed take place with wholesale left-wing election theft. Americans will not allow their country to be stolen by foreign interests, and as we’ve mentioned before, if Trump needs to call up every able-bodied man in America to converge on Washington D.C. fully armed with courage, millions of patriots will arrive to defend this constitutional republic against its enemies, both foreign and domestic. Trump no longer needs to win recounts, and he certainly doesn’t need the media on his side. They won’t be around much longer anyway. All Trump needs is to continue gathering evidence, prepare to present it to the world, and continue to garner support from millions of Americans who are ready to lay their lives on the line, if necessary, to defend this nation. We win if we choose to win. The only way we lose is if we surrender to the criminals on the Left. And the word “concede” isn’t even in my vocabulary. Nor will Alex Jones, Owen Shroyer, Steve Bannon, Jim Hoft, Rudy Giuliani or any other patriot surrender to these left-wing criminals and tyrants. I cover a few additional details on all this in my Nov. 13th Daily News Update:Keep reading NaturalNews.com for more analysis in the days ahead… this is history in the making, hour by hour, day by day. You are a living witness to one of the most epic political genius “4D chess” moves in human history. Grab some popcorn and join the pro-Trump rallies in the mean time. Victory is coming.

 
 
 
END
 
11.Brennan
 
Yes Brennan is very worried!!
(Ray McGovern/ConsortiumNews)
 

What Is John Brennan So Worried About?

 

Authored by Ray McGovern via ConsortiumNews.com,

Former CIA Director John Brennan is apparently so worried that Donald Trump might release certain classified intelligence that he suggested this week that Vice President Mike Pence and the cabinet remove Trump via the 25th amendment.

Brennan appeared this week on both CNN and MSNBC to spread alarm about what Trump might do as he continues to contest the election results and appoints new people at Defense, NSA (and possibly CIA) who may do his bidding.

Brennan warned on CNN that it was “very, very worrisome” that Trump “is just very unpredictable now … like a cornered cat — tiger. And he’s going to lash out.”

Brennan told MSNBC he was worried that Trump has called for the “wholesale declassification of intelligence in order to further his own political interests.”

Whom would he lash out at and what classified documents might Brennan be referring to?

The CIA’s point man at The Washington Post, David Ignatius, has provided the answer:

“President Trump’s senior military and intelligence officials have been warning him strongly against declassifying information about Russia that his advisers say would compromise sensitive collection methods and anger key allies.

An intense battle over this issue has raged within the administration in the days before and after the Nov. 3 presidential election. Trump and his allies want the information public because they believe it would rebut claims that Russian President Vladimir Putin supported Trump in 2016. That may sound like ancient history, but for Trump it remains ground zero — the moment when his political problems began.”

Protecting “sources and methods” is a red herring. They can be redacted from a classified document. It’s the content of these files that has Brennan extremely nervous as they might reveal Brennan’s role in the Russiagate scandal. Of course, Brennan invoked the old trope of “national security” when it appears it’s his own security he’s worried about.

As we noted at a similar juncture in March 2018 (in “Former CIA Chief Brennan Running Scared”), Brennan’s foremost worry — then, as now — was that Trump was about to expose him to the disgrace that befell ex-FBI Deputy Director Andrew McCabe for malfeasance in connection with Russiagate.

The president had just fired McCabe for repeatedly lying, and Brennan had good reason to worry. That was before the true extent of the roles McCabe, his boss, former FBI Director James Comey, and Brennan played in the WMD-style fabrication of “Russiagate” had became more fully understood.

Brennan landed on his MSNBC perch as a paid commentator on Feb. 2, 2018 and was riding high with adulation from the likes of former UN Ambassador Samantha Power, who publicly warned Trump that it is “not a good idea to piss off John Brennan.”

Even back then, however, storm clouds were gathering. House Intelligence Committee Chairman Devin Nunes (R-CA), who knew much more than he revealed, was warning of legal consequences for Russiagate conspirators.

Referring to the weavers and tailors of Russiagate, Nunes told reporter Sharyl Attkisson on Feb. 18, 2018:

“If they need to be put on trial, we will put them on trial. The reason Congress exists is to oversee these agencies that we created.”

Dismissive of such warnings, Brennan accused Trump on May 17, 2018 of “moral turpitude” and predicted, with an alliterative flourish, that he would end up “as a disgraced demagogue in the dustbin of history.”

As the Russiagate saga has unfolded, however, it has become abundantly clear that there is more than enough moral turpitude to go around. As discussed below, there may be a reasonable hope that documentary evidence — chapter and verse — about Russiagate turpitude will see the light of day if Trump summons the backbone to get unimpeachable evidence into the open.

In my view, this is what seems to have Brennan on tenterhooks.

What Else Did Esper Refuse to Do?

John Brennan in Oval Office, Jan. 4, 2010. (White House photo by Pete Souza)

This is the big question. In the CNN interview, Brennan was not artful enough to disguise what seems to be his major worry. Right after complaining that complacent observers are “missing what is a very, very worrisome development,” the ex-CIA chief added:

“And I think it’s quite apparent from reporting that Mark Esper has stood up to Donald Trump repeatedly. Who knows what else has he [‘terminated’ Secretary of Defense Esper] refused to do?”

(For one thing, according to Politico, Esper clashed with Trump over pulling U.S. troops out of Afghanistan.)

Brennan added:

“Who knows what [freshly appointed Acting Secretary of Defense] Chris Miller is going to do if Donald Trump does give some kind of order that really is counter to what I think our national security interests need to be?”

There are abundant — and disquieting (to Brennan) — clues to this, in the events unfolding over the past several days.

For starters, there is the role Ignatius (as close to Brennan as a Siamese twin) played in setting an unusually transparent table to interpret Brennan’s CNN interview the morning after — curiously, without mentioning the interview itself.

(Yes, this is the same David Ignatius who reported on the leaked, late-Dec. 2016 telephone conversation between Russian Ambassador Sergey Kislyak and Gen. Michael Flynn, which was used to trap Flynn and, if possible, put him in prison. After all, Flynn was a major threat. He knew — or would have been able to find out — where most of the Russiagate bodies were buried. It was imperative that he be removed quickly from his position as Trump’s national security adviser.)

Here are Ignatius’s main points:

  • Senior military and intelligence officials have been warning Trump against declassifying information about Russia that would compromise sensitive collection methods and anger allies.
  • Trump wants the information out “because he thinks it would rebut claims that Putin supported Trump in 2016 — how his political problems began.”
  • CIA Director Gina Haspel is against release; said to be determined to “protect sources and methods.”
  • NSA Director Gen. Paul Nakasone directly opposed White House efforts to release the information.
  • Defense Secretary Mark Esper — just “terminated” on Monday — supported Nakasone’s view, warning of “harm to national security and specific harm to the military.”
  • Christopher Miller is named to replace Esper.
  • Michael Ellis, former chief counsel to Nunes, has just been installed as general counsel at NSA.

Nunes: Out From Under the Bus?

After being “thrown under the bus” by Trump more than once in his attempts to expose the crimes of Russiagate, Nunes may now harbor some hope that his patience and loyalty will be rewarded after all. In October Trump ordered Russiagate documents declassified and nothing happened. The next few weeks will tell. The omens are better than before.

Not only will Ellis be general counsel at NSA, reportedly over the objections of Gen. Nakasone, but Kashyap Patel, a longtime Russiagate skeptic and former Nunes aide on the House Intelligence Committee, is replacing Esper’s chief of staff at the Pentagon. Patel is said to already have a “very close” working relationship with Miller, the acting defense secretary.  (And rumors persist that Haspel’s ouster is next.)

In addition, former National Security Council official Ezra Cohen-Watnick has been named acting undersecretary of defense for intelligence. Cohen-Watnick not only reaps close ties to Nunes; he was also a top aide to Flynn during the latter’s abbreviated tenure as national security adviser.

Have these folks been appointed to help start a new war? They seem better placed to try to finish an old one — namely, Russiagate. They would certainly be well placed to execute a Trump order to declassify and release R-gate-related documents that have been Waiting for Godot.

This sends shivers up the spines of those with much to fear from such disclosures. At the same time, the formidable ability of the bureaucracy to resist is well known to all concerned.

Esper Slow-Walked Out the Door

Former Secretary of Defense Mark Esper at the Pentagon, July 29, 2020. (DoD, Chad J.McNeeley)

It appears Esper may have been slow-walking a White House request to release information gathered and stored by the National Security Agency, which could document what Trump calls the “hoax” of Russiagate, and the criminal behavior of its perpetrators — including the role prime mover Brennan may have had.

It may be hard to believe, but the NSA intercepts and stores every electronic communication. All Trump has to do is to have newly appointed acting Pentagon chief Miller order Gen. Nakasone to release materials spelling out chapter and verse on the Russiagate operations orchestrated by Brennan, Comey, and ex-National Intelligence Director James Clapper. Nakasone reports to the secretary of defense.

Don’t be misled; virtually all of it can be released with ZERO danger to intelligence “sources and methods.” But release won’t happen if Trump continues to just whine to Fox News, or he “authorizes” release without follow-up (he’s already done that — to no effect).

What Brennan seems to fear is that it might dawn on Trump that he lost the election and has little time left to act. As a lame-duck he might want to go out with a flourish: revenge against the intelligence establishment that undermined him for four years with its Russiagate fable.

Trump might awake one day to find that someone has scrawled on his mirror, “Hey, I thought YOU were the president.” At that point, there would be an outside chance he might act like one, and Brennan and co-conspirators might find themselves going the way of McCabe.

In such circumstances, establishment media can be expected to make a Herculean effort to suppress the (highly embarrassing, including for the media) truth about Russiagate.

It certainly did an amazingly effective job suppressing “Huntergate.” Odds are they could succeed this time around too.

Like those huge banks ten years ago, Russiagate may be too-big-to-fail. But, at least, the documentary evidence would be out there for those who “can handle the truth” — and for future historians with some courage. This is not about the election, which has been decided. But about putting on the record intelligence interference in the last election and subsequent administration, so that future agencies might think twice about doing it again.

By finally ordering the release of such documents, sanitized in those few cases in which it might be necessary, Trump may enable anyone opened minded about Russiagate to be informed in a documented way, about what actually happened during that long-lingering, dark chapter of our recent history.

And, in the process, Russiagaters might be able to overcome their instinctual reluctance to accept the pernicious nature of the National Security State. And that would be for the best.

end

12. More background on Brennan and Clapper, the architect of the Elections fraud

(American report)

 
 
 
 
 
More background for you. Brennan and clapper have reason to be concerned.

 

https://theamericanreport.org/category/home/the-hammer/

end
 
President of Soros linked voting software firm Smartmatic is on Biden’s transition team according to Trump Lawyers. He name is Peter Neffinger.
 
(Tweedie/Sputnik)

President of Soros-Linked Voting Software Firm on Biden Transition Team – Trump Lawyers

By James Tweedie – Sputnik – 15.11.2020

Trump’s attorneys said the Smartmatic software used in the Dominion voting machines – which ‘flipped’ 6,000 votes cast for President Donald Trump to rival Joe Biden in one Michigan county alone – had ‘back doors’ allowing corrupt officials to rig elections.

US President Donald Trump’s legal team has named a retired US Navy admiral as the link between Joe Biden and the software for controversial e-voting machines.

Trump’s attorneys Rudy Giuliani and Sidney Powell alleged Smartmatic – whose chairman of the board, retired Admiral Peter Neffenger, is part of Joe Biden’s transition team – was at the heart of the vote-rigging in the November 3 election.

Smartmatic’s holding company is chaired by an associate of influential Hungarian-born billionaire George Soros. Neffenger is also a member of a think-tank that recently received funding from the Ukrainian firm that employed Biden’s son.

Giuliani told Fox News’ Mornings with Maria on Sunday that Smartmatic supplied the software for the Dominion Voting Systems machines that ‘glitched’ and transferred 6,000 votes cast for Trump to Democratic candidate Biden in one rural Michigan county alone.

Powell pointed out to host Maria Bartiromo that Neffenger is president of Smartmatic and also sits on its board of directors.

“It just so happens he’s on Mr Biden’s presidential transition team – which is going to be non-existent, because we’re fixing to overturn the results of the election in multiple states,” Powell said. “President Trump won by not just hundreds of thousands of votes, but by millions of votes that were shifted by this software that was designed expressly for that purpose.”

“We have sworn witness testimony of why the software was designed. It was designed to rig elections,” she added. The witness “was fully briefed on it, he saw it happen in other countries, it was exported internationally for profit by the people who are behind Smartmatic and Dominion.”

“They did this on purpose. It was calculated. They’ve done it before,” Powell said. “We have evidence from 2016 in California. We have so much evidence, I feel like it’s coming in through a fire hose.”

Powell also claimed Smartmatic paid “kickbacks” to public servants in return for lucrative state contracts. She said several whistle-blowers had come forward to say “substantial sums of money were given to family members of state officials” who bought the software.

Dominion machines were used in 28 states, including the six key battlegrounds of Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin.

“We’re talking hundred-million dollar packages for new voting machines, suddenly, in multiple states,” Powell said. The “benefits” to officials ranged from cash to “what I would call election insurance, because they know they can win the election if they are using that software.”

Powell said she was “livid” that successive governments had failed to act on many complaints about the hardware and software – including from senior Democrats Carolyn Maloney, Elizabeth Warren and Amy Klobuchar.

“Which makes me wonder how much the CIA has used it for its own benefit in different places,” Powell said. She added that it was incomprehensible that Central Intelligence Agency Director Gina Haspel was still in her post, asserting: “She should be fired immediately.”

Bartiromo quoted a “senior intelligence official” as saying Smartmatic’s software has a “back door” that allows it to be “mirrored and monitored” to give an “intervening party a real-time understanding of how many votes will be needed to gain an electoral advantage.”

“I can prove that they did it in Michigan, I can prove it with witnesses,” Giuliani said. “We’re investigating the rest. In every one of those states though, we have more than enough illegal ballots, already documented, to overturn the result in that state.”

“Yes there is a back door, and we actually have proof of some of the connections to it,” Giuliani said. “Right now our cases are most developed in Pennsylvania and Michigan.”

Asked if he needed the Dominion hardware or Smartmatic software to prove his case, Giuliani said he had witnesses who “can describe the hardware in great detail,” along with government employees and others who “were there at the creation of Smartmatic. They can describe it, they can draw it, they can show it.”

“Beyond this election, this whole thing has to be examined as a national security matter,” Giuliani stressed. “The governors who gave contracts to this company never bothered to do any due diligence.”

“I can’t imagine you would give a contract to a company if you went one step further and found out it’s really being run by people that are close to [Nicolas] Maduro and [Hugo] Chávez” – the current and former Socialist presidents of Venezuela.” (see below)

Neffenger was made a ‘distinguished fellow’ at the Atlantic Council think tank after he left the US government in 2017. In 2019, the Wall Street Journalreported that Ukrainian energy firm Burisma Holdings, which employed Biden’s son Hunter in controversial circumstances, donated $100,000 a year to the council from 2016 to 2018.

Smartmatic’s founder and CEO is Venezuelan Antonio Mugica, while Britain’s Lord Mark Malloch-Brown – a long-standing associate of Soros – is the chairman of Smartmatic’s London-based holding company SGO Corporation Limited.

Smartmatic equipment was used in the 2017 elections to the Venezuelan National Constituent Assembly, after which Mugica turned against Maduro – contrary to Giuliani’s claim that the two are in cahoots.

Mugica admitted his software could be hacked to rig an election when he told a press conference in London that Maduro’s government had inflated the turnout by around a million. But he revealed he had failed to inform the proper authorities in Venezuela before his press conference, claiming “I guess we probably thought that the authorities would not be sympathetic to what we had to say.”

Malloch Brown was a junior minister from 2007 to 2009 in former British PM Gordon Brown’s short-lived government and has several links to Soros. He was a member of the billionaire’s advisory committee on Bosnia from 1993-94. In 2002, while working as an administrator for the United Nations Development Fund, he suggested the agency work with Soros’ Open Society Institute. In May 2007, he was hired as vice-president of Soros’s Quantum Fund but quit four months later to join the UK government.

Open Society Institute legal counsel Kenneth Anderson has also been a council member of the Human Rights Foundation – whose founder and president Thor Halvorssen is the cousin of fugitive Venezuelan opposition leader Leopoldo Lopez. Lopez was jailed in 2015 for inciting violence in the deadly 2014 Guarimba riots aimed at overthrowing Maduro’s government.

end
 

Was Election Software Rigged? Sidney Powell Lays Out the Trump Team’s Findings.

 
 
 
 
 
 
“ former Admiral Peter Neffenger is the Chairman of the Board of Directors of Smartmatic. He is also on Vice President Joe Biden’s transition team, which calls into question his impartiality, which doesn’t pass the smell
 
 test.”
No kidding ? 
 
 
END
 
OhOH!! it looks like we probably have a massive voter fraud in Virginia
see for yourself
 
(Andrea Widbuurg/American Thinker)
 
 

There may have been massive voter fraud in Virginia

Everybody assumed that Trump would lose in Virginia, a state that has been aggressively Democrat starting with Obama in 2008.  When Virginia’s all-Democrat government enacted a slew of gun control laws, though, January saw huge Second Amendment protests in the state.  Then the Wuhan Virus came along, the protests ended, and Virginia seemingly fell back into the blue zone.  No one thought that it, too, might be one of the election fraud states — but that assumption may have been wrong.

We already got a tip-off last week (although we didn’t realize it) that Virginia was probably yet another state in which Biden got his electoral college votes through fraud.  On November 11, American Thinker published a post entitled, “Data analysis shows weird mail-in ballot anomalies in contested states.”

The analysis looked at the final ratio of Democrat to Republican presidential votes in all 50 states.  The norm for 40 of those 50 states was that, when counting mail-in ballots, they reflect the same ultimate ratio for the election as a whole.  Thus, if a Democrat ends by winning 2 to 1, the mail-in ballots will also reflect this ratio as they arrive and get counted.  That’s because they’ve been shuffled in the postal system so they don’t arrive as clumps of ballots from red or blue districts.  This ratio of red versus blue incoming ballots shows up as a constant straight line on a chart.

However, in ten states, nine of which Trump contests, the chart showed a huge and bizarre bounce right around 4 A.M.  That was after the fraud states abruptly stopped counting, only to resume a few hours later — and that was when the tide turned so dramatically in Biden’s direction that he completely wiped out Trump’s advantage.

There was one anomaly in this analysis, though:

 

It’s beginning to look as if Virginia was not an exception proving the rule.  Instead, Virginia proved the rule by being yet another Democrat-run state in which massive election fraud took place, shifting a true Trump victory to a fake Biden victory.  Joe Hoft looked at the New York Times’ election feed showing Virginia’s voting patterns and discovered some peculiar anomalies:

One oddity in the file noted immediately is that the results for votes are not in whole integers (e.g. 1, 2, 3…).  All of the entries have fractional amounts.  This makes no sense since ballots do not come in fractions in the US.  Each vote equals one vote.

The first 125 entries reported in the NYT data feed were basically reasonable.  The results varied in percentage of votes between Presidential candidates and appeared to be random with most votes going to President Trump.  Up through this time (11:03 Eastern), President Trump was leading 52% to Biden’s 46%.  At this time 3.3 million of the eventual 4.4 million votes had already been cast or about 75% of the vote was in.   This is when things went off the rails.

Eight entries totaling nearly (800,000) votes were removed from the database during this time.  This makes no sense. Each vote should be added to the vote totals not taken away.

Overall three entries of over 300,000 votes were posted in the data base to Biden’s vote total.  Two entries of over 300,000 votes were taken away.  The same happened to President Trump’s totals but in much smaller amounts.  Overall 851,000 votes were added to Biden’s totals and only 318,000 were awarded to President Trump between 11:14pm (Eastern) on November 3rd and 5:00am November 4th.  This resulted in over half a million more votes net going to Biden and 73% of the votes during this timeframe.

There’s more — including some interesting charts — but it all adds up to another Biden victory that defies common sense, statistics, mathematics, and the will of the people.

end
 
The National Election Fraud, laid out for us
special thanks to Robert H for ending all of these commentaries to us
(Sam Jacobs/Libertas Bella)

National Election Fraud: Evidence of National Chicanery During America’s 2020 Presidential Election

Regardless of where one falls politically, the sanctity of the vote is a bedrock of a functioning representative democracy. Voters have to believe their vote matters. And that the vote is free, fair, and accurate.

The basic facts of the 2020 American Presidential election are concerning because mounting evidence indicates there’s been a concerted effort by state Democratic Parties to flip the election from President Donald Trump to former Vice President Joe Biden in a number of key swing states with the help of notoriously corrupt Democratic Party machines in at least five American cities — Detroit, Milwaukee, Philadelphia, Pittsburg, and Atlanta.

Here are the basic facts of the case: On Election Night when America went to bed, President Trump had a commanding lead in virtually every swing state, as well as Virginia, which no one expected him to win. However, when America woke up the next day, we found that he’d lost these leads, largely on the basis of mail-in ballots found in the middle of the night and out from under the watchful eye of legal election monitors.

What’s more, these massive caches of votes – almost all of which were for former Vice President Biden – came via large dumps primarily from the five aforementioned cities in states predominantly run by Democratic governors.

When one looks at the statistical likelihood of the reported turnout, the numbers are so improbable they’re more at home in a one-party state like Saddam Hussein’s Iraq or North Korea.

What’s more, Biden’s victory does not square with the results of the Republican Party nationally: Republicans won 28 of 29 competitive House seats and Democrats were unable to flip a single state legislature. Joe Biden secured a scant three of the so-called “Bellwether Districts” that almost always choose the winner, one of which was in Delaware. Judicial Watch found 353 counties in 29 different states who had higher than 100 percent turnout.

Anecdotally, swing states tend to follow Florida in terms of swinging left or right. This is particularly true in Michigan, which has voted in lockstep with Florida since 1968. Nearly three dozen states had counting machines connected to the Internet during the election, which is inherently insecure. Joe Biden’s lead among mail-in ballots was massive in two states — Michigan and Pennsylvania — while it was in the single digits in most states.

Evidence of chicanery, irregularities, and outright manipulation have poured in from a variety of states — PennsylvaniaMichiganGeorgiaWisconsinNorth CarolinaTexasNew JerseyNevada, and Arizona. This evidence could easily be dismissed as simply weird if one is being generous or naive.

While much of this took place at the state level, there are also irregularities that are occurring across state lines and these are worthy of consideration. It’s not evidence per se, but there was a massive spike in the number of Google searches for “election fraud punishment” in swing states in the 30 days leading up to the election.

Below we explore the details and the data of what happened across the nation on Election Day, with flagrant and often sloppy irregularities occurring from coast to coast. Elsewhere we explore similar efforts in the key swing states of PennsylvaniaWisconsinMichigan, and Georgia.

All of the posts in this series will be updated as more credible information is uncovered.

The General Landscape of American Election Fraud

The media is trying to weave a narrative with ever-shifting goalposts. They began by saying that not only did voter fraud not happen, but that it’s impossible. Now, they have shifted their story to saying that there is always minor fraud, but that it never really matters much.

The Heritage Foundation has identified 1,200 elections where voter fraud made the difference in recent decades, long after the era of Jim Crow when election theft was de rigueur. Of these, fully 15 were thrown out specifically because of cheating by mail-in ballot.

Mail-in ballots are largely banned in Europe, where voter ID requirements are likewise the normFlorida has been recognized specifically as an offender.

Another narrative in the controlled media is that illegal aliens and other non-citizens don’t vote. This is patently untrue. In fact, they vote at alarmingly high rates. A 2019 study found that approximately 2.2 percent of respondents admitted to voting illegally, which implies a little under a million ballots cast by non-citizens every year.

The counterargument is that respondents are either lying or misunderstood the question, but this is simply not true — those who conducted the study verified their votes.

So we can see that electoral fraud is not only impossible, it is common. It is not negligible, it has determined elections in living memory. With this as our backdrop, we will now investigate voter irregularities throughout the nation during the 2020 Presidential election.

What Constitutes Evidence of Electoral Fraud?

Before going further, it is worth discussing what constitutes evidence for electoral fraud. Well, the Carter Center has a set of standards that they use to determine whether or not there has been electoral fraud somewhere.

These are the standards used by globalists to determine whether or not elections they disapprove of have been conducted fraudulently. Several of them are present in the contested states:

  • Counting procedures should be verifiable.
  • Votes should be presented for independent review.
  • Elections should be subject to recounts.

Additionally, the Carter Center states that it is the right of dissidents to challenge and question the results of an election that they believe to be fraudulent. Harassing dissidents is considered evidence of chicanery in and of itself.

“Effective redress” is the term they use and it is considered by the Carter Center to be vital for establishing an election as legitimate. The resistance of the Democratic Party to recounts and audits should be a red flag in and of itself.

There are also mathematical anomalies that are worth looking into because, regardless of turnout and outcome, elections will follow certain patterns. One of these is that, because of mail sorting, mail-in ballots will consistently show the same ratio of support for each candidate. We did not see that, however — there is a significant spike in support for Biden and fall off in support for President Trump as Election Night dragged on.

Indeed, in Wisconsin, this anomaly became massive around 4 a.m., the same time that the massive ballot drops without supervision began. The same phenomenon occurred in Pennsylvania, Michigan and Georgia, all four of these states with copious amounts of electoral chicanery and irregularity. Virginia was another state with similar mathematical irregularities.

Benford’s Law is another area where we see mathematical irregularities. Put simply: When we have large datasets of numbers, there is a pattern we can find with regard to the final and penultimate digit of each number in this data set.

Benford’s Law analysis is one of the first things run by forensic accountants looking for financial malfeasance or tax cheating.

Many of the electoral tallies in disputed states violate Benford’s Law — but only for Joe Biden, whose distribution more closely resembles the curve when people type “random” numbers in. President Trump, Jo Jorgensen, Howie Hawkins, and Kanye West’s numbers do not violate this law, but former Vice President Biden’s do in disputed areas.

The Wikipedia article about Benford’s Law was altered and locked after several enterprising Twitter users began investigating this strand of the 2020 election theft.

The Glitch From Coast to Coast

One recurring theme throughout the 2020 election is the glitch. There have been a number of glitches, many detailed in our series on irregularities in different states. This, in and of itself might not be cause for concern — however, in every case, these so-called “software glitches” favor former Vice President Biden at the expense of President Donald Trump.

Again, we have detailed these in our state series article, but we will mention some here just to give you a general idea of what has been going on with these “glitches.”

One in Michigan sent 6,000 votes to Biden that were meant for Donald Trump. Another in Wisconsin, robbed Donald Trump of 19,500 votes. Another similar glitch in Georgia saw an unspecified number of votes go to Biden that were, once again, meant for the President.

There appears to be a pattern here. Were these all bona fide mistakes, we would likely find votes that were meant to go for Joe Biden going to Donald Trump before the situation was corrected. But we are unaware of any such error in favor of the President.

The common denominator? The voting software used to calculate the vote made by a company with deep connections to the DNC.

The Turnout That Wasn’t

The DNC’s victory in the 2020 Presidential election relies heavily upon a massively increased turnout, again centered around a handful of large cities controlled by the Democratic Party. One example of this is 90 percent turnout in the entire State of Wisconsin, which would not only be the highest level of turnout in American history, but also comes close to the 92 percent average in Australia where voting is mandatory. In the city of Milwaukee alone, the turnout was 84 percent.

Compare this turnout to Cleveland, a culturally comparable city not in a swing state, which had a comparatively scant 51 percent turnout. This is an important city to draw a contrast with because, while it is a Democratic stronghold, as are most large cities, and it has a similar minority population, it was not in a state that was considered in play this election. Democrats attempted to steal the election by fabricating astronomical turnout in urban areas they control in swing states.

The turnout gambit becomes even more laughable when one considers that Biden is one of the least invigorating Democratic candidates since John Kerry or Mike Dukakis. Yet somehow this candidate was able to increase his vote above what Barack Obama enjoyed, with some districts in Milwaukee putting up more votes than there are registered voters in the area.

A broad study conducted by Judicial Watch found that 353 counties across 29 states had turnout exceeding 100 percent of registered voters. Eight of these had turnout exceeding 100 percent across the entire state: Alaska, Colorado, Maine, Maryland, Michigan, New Jersey, Rhode Island, and Vermont.

Perhaps more damning, the study was limited to 37 states publishing their voter registration data. This means that, of the 37 states that Judicial Watch had access to, 78 percent of them had turnout exceeding 100 percent.

Vetting of Mail-In Ballots

The American public was warned for months in advance that mail-in balloting, illegal throughout most of Europe, is inherently insecure and lends itself to the kind of mass voter fraud that we are seeing in action right now.

But the mail-in ballots that we are seeing in this election are not just nonspecifically “suspect.” They are rife with irregularities and a lack of accountability that should cause them to be closely investigated, audited and, where appropriate, thrown out entirely.

Mail-in ballots in Pennsylvania are particularly questionable. This is a state where Biden enjoyed a 60.5 percent lead in mail-in voting. More damning is the fact that many of these ballots seem to have arrived before they were even sent, arrived the same day or arrived within one day of being sent. This is an abnormal amount of processing time, especially when we consider the surge in mail due to the election.

James O’Keefe found two whistleblowers at USPS, one of whom was willing to come forward, who told of backdating ballots. This whistleblower was intimidated by the feds and it was falsely reported that he recanted his report.

Vetting of mail-in ballots is particularly important because they are widely open to electoral fraud, as we have discussed above. So it is troubling that we have multiple reports, including in the form of sworn affidavits presented before the court, of poll watchers being thrown out, mocked, intimidated and even physically assaulted during the course of counting mail-in ballots.

Of special note is the strong resistance to poll workers in swing states to allow anyone to watch them. In Pennsylvania, poll workers were caught on video expelling poll watchers despite knowledge of a court order preventing them from doing so. Reports of expelled poll watchers were part of the lawsuit filed in Michigan and there were similar reports out of Georgia. This raises the obvious question — why don’t they want anyone watching them?

Biden Outperformed Obama

Biden’s turnout when compared with Barack Obama is another area warranting special investigation. It is worth noting that Biden was generally viewed as a less-than-ideal candidate in no small part because he generated very little enthusiasm among Democratic Party voters. In contrast, Obama was a rock star candidate who had just defeated the party’s presumptive nominee in a hard-fought primary. Biden, on the other hand, was largely foisted on the party through back room deals in an attempt to prevent Vermont Senator Bernie Sanders from obtaining the nomination for President.

Biden also barely campaigned throughout the primary season. Most of the campaign was characterized by the candidate calling “lids,” a term meaning that he was home for the day and would be doing no more press, with the occasional teleconference. Not only did he start with an unethusiastic base who would have preferred nearly anyone else, he did little to motivate his base throughout the course of the election.

Yet somehow, he outperformed Hillary Clinton who won a hard-fought primary against Senator Sanders and kept pace with numbers from Barack Obama’s 2008 and 2012 campaigns, being able to boast that he has received more votes than any other candidate for President in American history. In some cases — tellingly in areas crucial for winning the election — Biden was able to outperform Barack Obama.

For example, in Chester, Cumberland, and Montgomery Counties in Pennsylvania, he outperformed Obama by approximately 25 percent. In Montgomery County, he was able to double Barack Obama’s margin of victory. He increased the raw vote total there by fully 80,000 votes. The population of this county only increased by 22,000 in the years between Obama’s victory and Biden’s alleged one.

Not only should we be skeptical of the numbers, we should be skeptical of them because of where they came in from. Such dubious numbers were not coming in from places that we could assume were Democratic Party strongholds like New York, Chicago and Miami where Biden actually saw a decrease in voters relative to Hillary Clinton. So why is he putting up these high totals only in a handful of cities (Atlanta, Detroit, Milwaukee, Philadelphia) controlled by Democrats in swing states?

Biden-Only Ballots

Another area of suspicion are the Biden-only ballots. Tens or hundreds of thousands of voters marked their ballots only for Joe Biden, with presumably no interest in down ballot races. While it’s not unusual for people to take an outsized interest in the Presidential election, it is unusual for 450,000 people to have no interest in down ballot races and for this to be concentrated in a handful of swing states.

The strange dichotomy here is that people were far more likely to do this in alleged swing states with competitive Senate races like Georgia, while deep red states like Wyoming did not see a massive number of Biden-only ballots. In Georgia, there was only a difference of 818 votes between Trump and down ticket Senate races. Biden, on the other hand, received over 95,000 more votes than either Senate candidate on the ballot in Georgia. In Wyoming there were a mere 725 more votes for Biden than the Democratic Senate candidate in the state.

Raheem Kassam reports on five states with anomalous Biden-only voting, all of which keep coming up with various irregularities: Pennsylvania (98,000), Georgia (80-90,000), Arizona (42,000), Michigan (69-115,000) and Wisconsin (62,836).

All told, Republicans won 28 out of 29 competitive House races as of November 8 and flipped three state legislatures, but were somehow unable to deliver the White House to the President. So we are expected to believe that not only did Joe Biden receive more votes than Barack Obama and that these came largely on the back of massive inner-city turnout, but that this massive turnout for Joe Biden was unable to flip a single state legislature.

Biden-only ballots are a recurring theme in all of the states in question. While they are by no means a smoking gun, they do point toward significant irregularities that need to be investigated before Joe Biden can begin claiming victory.

Who Counts the Votes? Irregularities In Counting Systems

There is a quote often attributed to Joseph Stalin, but is probably apocryphal: It doesn’t who votes, it matters who counts the votes. It doesn’t really matter who, if anyone, actually said this. The point is that it doesn’t matter what votes actually say if the votes are ignored or altered by the person doing the counting.

In the 21st Century most of our vote counting is done by machines which use proprietary software. Most states used systems supplied by Dominion Voting Systems. What’s more, the irregularities in vote counting, in particular the “glitches” that universally favor Joe Biden, come from these voting systems.

First, we should note that there were 92 donations made by Dominion employees over the last year according to the FEC. Of these, 80 went to Democratic super PAC ActBlue, seven went to Senator Bernie Sanders, four to the Trump campaign and one went to the DNC. What’s more, Dominion Voting Systems has a partnership with the Clinton Global Initiative as well as former employees of the Clinton Growth Initiative on staff, according to One America News Network.

Rudy Giuliani claims that the legal campaign to protect the election has whistleblowers from Dominion ready to go on record.

A bit in the weeds, but worth mentioning, is the allegation that intelligence software was used to change vote counts. There is a video on this subject here. As we say, this is a bit in the weeds, but worth mentioning for those who wish to go down that rabbit hole.

NOQ Report has been kind enough to do a deep dive on the topic of Dominion’s role in the 2020 Presidential election. They found significant vote switching in Georgia (17,407, where Biden leads with 14,148 votes) and Pennsylvania (with over one million votes switched in favor of Joe Biden). The article is mostly just a list of switched votes and lost votes, but it bears reading because it sheds light on just how massive a role vote switching played in the 2020 election, further cementing the theory that Dominion played a role in the theft.

Fight Back to Save America

Don’t let any of this get you down, because the fight is far from over. Both President Trump and Congressional Republicans are working hard, both in the public sphere and in the courts to make sure that the 2020 election is fair and transparent.

So what can you do to join in the fight?

First, you should call your elected representatives. That means calling your state rep, your state senator, your House Rep and your U.S. Senator. You should do this be they friend or foe — either way, they need to know that you insist on having all legal votes counted. Insist on concrete steps to ensure the integrity of the vote. Do not settle for stock answers about the importance of democracy. A Twitter account has made what is actually a very good script for you to follow when you call in. Be firm, but polite.

If you want to take to the streets, there are opportunities. Stop The Steal is the movement dedicated to putting bodies in the streets of our nation’s state capitals to let our elected officials know that we are not going to stand for seeing our elections stolen in a manner befitting Zimbabwe. There are almost daily rallies at the state capitol building and the TFC Center in Detroit. What’s more, a nationwide rally in DC called the Million MAGA March is scheduled for November 14. The Democratic government of Washington, DC has responded with new COVID restrictions designed to cripple the march.
What can you do? Quite a lot. Nothing less than the future of the country is at stake. If they can steal this election, don’t expect another one to be free and fair. But do expect a lot of gun grabs and speech laws.

end
 
Massive crowds march in DC in support for trump
Ghoreishi/Akan/Epoch Times)

Massive Crowds March in DC to Show Support for Trump, Demand Election Integrity

 
November 14, 2020 Updated: November 14, 2020
 

WASHINGTON—Tens of thousands of people converged at Freedom Plaza in Washington on Saturday, joining other rallies around the country to show support for President Donald Trump and ask for fairness in the election process.

Marching towards the Supreme Court, participants held signs that read “Stop the Steal,” “Make America Fair Again,” and “Trump 2020.” Before the start of the march, the crowd heard speeches from prominent Trump supporters including Rep. Louie Gohmert (R-Texas) and My Pillow founder Mike Lindell. Several other prominent figures including Rep. Paul Gosar (R-Ariz.) and former Trump advisor Sebastian Gorka were also on the speaking list.

Epoch Times Photo

 

People participate in the “Million MAGA March” from Freedom Plaza to the Supreme Court in Washington on Nov. 14, 2020. (Tasos Katopodis/Getty Images)

Participants chanted slogans calling to “stop the steal,” which is also the name of the grassroots movement organizing the event in part. Organizer Ali Alexander told The Epoch Times in a previous interview that the events are a grassroots effort by a coalition of about a hundred activists and influencers to show “support for President Trump and fair elections and transparent counting.”

Similar events, although smaller in scale, were organized in around 50 other states on the same day.

Epoch Times banner DC rally

 

A banner from The Epoch Times shows up in the DC rally. (Photo courtesy of Teresa You)

Trump tweeted about the rallies on Nov. 13, saying it was heartwarming to “see all of the tremendous support out there, especially the organic Rallies that are springing up all over the Country, including a big one on Saturday in D.C.” The president’s motorcade drove by the event, giving two thumbs up to the participants.

The contested presidential election still remains undecided, as most state results haven’t yet been certified and legal challenges and recounts are pending in key swing states. The Trump campaign has requested a recount in Wisconsin, and Georgia had announced a recount. The Trump campaign has also filed legal challenges in Pennsylvania, Arizona, and Michigan while indicating there will be more cases filed in other states in the days ahead.

The U.S. Supreme Court issued a temporary order on Nov. 6 requiring Pennsylvania to segregate ballots that arrived after election day on Nov. 3. The Trump campaign has launched a lawsuit in the state, alleging that state election officials had “mismanaged the election process.” The Republican Party of Arizona has launched a lawsuit seeking a hand count of votes by precinct, hoping it could yield a more accurate sampling of vote tallies. The Trump campaign has also filed a lawsuit alleging pervasive election irregularities and violations in a county in Michigan.

Epoch Times Photo

 

People participate in the “Million MAGA March” from Freedom Plaza to the Supreme Court in Washington on Nov. 14, 2020. (Tasos Katopodis/Getty Images)

Several networks, including CNN, NBC, and Fox News have declared Democratic presidential candidate Joe Biden the winner, a claim rejected by Trump who said, “the election is far from over.”

The crowd gathered in Washington targeted Fox News as well, chanting “Fox News sucks,” a post on the Million Maga March Twitter account created for the event shows. The Twitter page, created just ahead of the event, drew around 30,000 followers in a very short span of time.

Also taking part in the rally was a car caravan calling for an end to the Chinese Communist Party (CCP), with vehicles carrying signs showing hundreds of millions of Chinese have quit the CCP. On Nov. 12, Trump issued an executive order to stop investments in Chinese companies tied to China’s military, citing threats to national security. The move is part of a slew of extensive countermeasures taken by the Trump administration against the Chinese communist regime.

Epoch Times Photo

 

People participate in the “Million MAGA March” from Freedom Plaza to the Supreme Court in Washington on Nov. 14, 2020. (Tasos Katopodis/Getty Images)

Event organizer Alexander told The Epoch Times that the organization coalition plans to hold events every Saturday at noon in every state capitol until the electoral college makes a decision on the presidency.

“So, stay in the streets, is my message to the public because they’re censoring us online. They’re lying to us through mainstream media. So the only way we can keep communicating these ideas and true events is if we meet offline. And so that’s what we’re doing,” Alexander said.

end

Trump to buy Newmax?  after Fox News goes rogue?

(zerohedge)

Newsmax Buyout Eyed By Trump Allies Seeking ‘Fox News Killer’; CEO Denies Deal

 
 

The CEO of conservative pro-Trump cable channel Newsmax has denied rumors that a Trump-allied private equity firm Hicks Equity Partners has ‘held talks in recent months’ about acquiring them, according to the Wall Street Journal.

Newsmax never had any deal with the Hicks group, and if it’s true they were using our name for the purposes of capital fundraising, that is wholly inappropriate,” said Newsmax Media CEO Chris Ruddy, who noted that he’s had many discussions over the years with interested parties.

 

Newsmax CEO Chris Ruddy at Trump National Golf Club in Bedminster, N.J., in 2018. (Photo: Carolyn Kaster/Associated Press )

According to the JournalHicks. which has ties to a RNC co-chair, has reportedly been exploring ways to build a competitor to Fox News.

Newsmax, meanwhile, has seen a sharp rise in viewership since Election Day, when Fox News’ anti-Trump mask came off – with the network taking heat for a way-too-early call on Arizona for Joe Biden, while several hosts from the ‘conservative’ news outlet were all but rooting for Biden. Fox’s bias was on full display during the first presidential debate, when moderator and Fox host Chris Wallace essentially became a third debater, engaging in frequent arguments with the president.

Mr. Trump and Fox News have had a complicated relationship. The network’s opinion hosts are highly supportive of the president. He devours Fox content, tweets  about it and is influenced by it in policy and personnel decisions, aides say. Yet he spars with the network when he feels it is criticizing or undermining him. –Wall Street Journal

Last week, President Trump retweeted over a dozen posts critical of Fox News, including several which made mention of switching to Newsmax and conservative competitor OANN.

Capitalizing on Fox’s ‘Drudgian’ shift, Newsmax’s average prime-time audience has jumped 156% to 223,000 during election week according to data from Nielsen. Last Thursday, the fledgling network exceeded one million viewers between 7 p.m. and 8 p.m., “about half of Fox’s audience during the time period” according to the report. That said, “Sustaining those gains when interest in the election subsides won’t be easy. Fox averaged nearly six million prime-time viewers during the week of the election, about 22% higher than the previous four weeks.”

Trump Lawyer Sidney Powell: ‘We’re Getting Ready to Overturn Election Results in Multiple States’

November 15, 2020 Updated: November 15, 2020
 

Former federal prosecutor Sidney Powell, a Trump campaign lawyer, suggested in a Sunday interview that the president’s legal team is receiving a deluge of evidence concerning voter fraud and irregularities.

“We’re getting ready to overturn election results in multiple states,” Powell said on Fox Business, adding that she has enough evidence of election fraud to launch a widespread criminal investigation.  “I don’t make comments without having the evidence to back it up.”

Powell claimed that elections software switched “millions of votes” from Trump to Democratic presidential nominee nominee Joe Biden.

Powell is notably the counsel to former National Security Advisor Michael Flynn, engineering a stunning comeback with the Department of Justice moving to drop charges.

Powell said a whistleblower has come forward alleging that the voting software was designed to “rig elections.”

“He saw it happen in other countries,” she said, apparently referring to election hardware and software by Dominion Voting Systems and Smartmatic, or perhaps other software and machines.

“We have so much evidence, I feel like it’s coming in through a fire hose,” Powell said. She declined to elaborate when prompted by Fox News host Maria Bartiromo.

“They can stick a thumb drive in the [voting] machine, they can upload software to it even from the Internet … from Germany or Venezuela even,” Powell said, adding that operations “can watch votes in real-time” and “can shift votes in real-time,” or alleged bad actors can “remote access anything.”

“We’ve identified mathematically the exact algorithm they’ve used—and planned to use from the beginning” that allegedly switched votes to Biden, Powell said.

Powell also referred to a 2019 investigation by Sens. Amy Klobuchar (D-Minn.), Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), as well as other Democratic lawmakers into Dominion Voting Systems, Election Systems & Software, and Hart InterCivic. The senators had expressed concerns about the security of the voting systems.

“(W)e have concerns about the spread and effect of private equity investment in many sectors of the economy, including the election technology industry—an integral part of our nation’s democratic process,” wrote the lawmakers in their letters to the firms about a year ago. “These problems threaten the integrity of our elections and demonstrate the importance of election systems that are strong, durable, and not vulnerable to attack.”

Later in the Sunday morning interview, Powell said that her team has “detected voting irregularities that are inexplicable” in states where officials believe they have valid systems.

trump and biden

 

Democratic presidential nominee Joe Biden, left, and President Donald Trump in file photographs. (Getty Images; Reuters)

During the election, Republicans in the House were able to flip at least 11 seats while the GOP is poised to maintain control of the Senate. Some conservatives have questioned how such a voting pattern is possible for Biden to win the presidential election, let alone receive more votes than any other presidential candidate in American history, including President Barack Obama’s victory in 2008.

Companies Respond

The Department of Homeland Security’s cybersecurity agency issued a statement on Thursday calling the 2020 general election the “most secure in American history,” despite legal challenges alleging voting irregularities in some battleground states.

“The November 3rd election was the most secure in American history. Right now, across the country, election officials are reviewing and double-checking the entire election process prior to finalizing the result,” read the statement released by the Cybersecurity and Infrastructure Security Agency (CISA).

Smartmatic, in a statement on Saturday, said that it has no ties with Dominion Voting Systems. Powell suggested that Smartmatic is operated by Dominion in the interview.

Dominion, over the past several weeks, has repeatedly denied its systems were compromised in some way.

“In the aftermath of the 2020 general election, there has been a great deal of misinformation being circulated about Smartmatic and other companies that provide election technology to voting jurisdictions in the US. We would like to dispel these incorrect statements with facts,” the firm wrote, adding that it “has never owned any shares or had any financial stake in Dominion Voting Systems.”

Dominion also refuted allegations that its machines changed votes from Trump to Biden on Election Day and beyond.

“Dominion Voting Systems categorically denies any claims about any vote switching or alleged software issues with our voting systems,” a company spokesperson said in a statement to The Denver Post. “Our systems continue to reliably and accurately count ballots, and state and local election authorities have publicly confirmed the integrity of the process.”

 
 
 
Extremely high;  86% of Trump voters say Biden did not legitimately win the election
(zerohedge)

86% Of Trump Voters Say Biden ‘Did Not Legitimately Win’ Election

 

The vast majority of Trump voters think that Joe Biden’s predicted election win was illegitimate, and that we’ll never know the true outcome.

According to the latest YouGov/The Economist poll86% of Trump voters say Biden “did not legitimately win the election,” while 73% say that we’ll “never know the real outcome of this election.”

The poll also reveals that a majority of voters (53%) thought that President Trump would win vs. Biden (47%), according to Economist data journalist, G. Elliott Morris.

 

Meanwhile, 88% of Trump voters say they believe that “illegal immigrants voted fraudulently in 2016 and tried again in 2020,” while 90% believed that “mail ballots are being manipulated to favor Joe Biden.

Morris adds that 46% of Republicans think “some people are not smart enough to vote” (vs. 27% of Dems), and 43% of Republicans also think that people should have to pass a test before voting (vs. 15% of Dems).

89% of Republicans also think Trump should contest the outcome of the election in court, while 62% of his voters think it will change the outcome.

Less than half of those polled believe there will be a peaceful transition of power in the event Biden is sworn in.

It should be noted that this YouGov/Economist poll is in stark contrast to a recent Reuters poll, which found that 40% of Republicans say Trump won. Perhaps the difference lies in the distinction between YouGov’s sampling of “Trump voters” vs. “Republicans” – which would ostensibly include so-called ‘never-Trumpers.’

end

v) Swamp commentaries

Interesting:

In nevad a columnist ran a test on fake signatures and they accepted fake signatures on 8 different ballots

(zerohedge/Las Vegas Review)

Las Vegas Columnist Ran A Test… And County Officials Accepted Fake Signatures On 8 Different Ballots

 
 

Authored by Victor Joecks via The Las Vegas Review Journal,

Clark County election officials accepted my signature on eight ballot return envelopes during the general election. It’s more evidence that signature verification is a flawed security measure.

For months, election officials have told Nevadans not to worry about ballots piling up in apartment trash cans or sent to wrong addresses.

“Discarded mail ballots cannot just be picked up and voted by anyone,” a fact sheet from the secretary of state’s office says.

“All mail ballots must be signed on the ballot return envelope. This signature is used to authenticate the voter and confirm that it was actually the voter and not another person who returned the mail ballot.”

I wanted to test that claim by simulating what might happen if someone returned ballots that didn’t belong to him or her. Plenty of people had this opportunity. Billy Geurin, a 10-year Las Vegas resident, found five loose ballots in his apartment mailroom. A reader emailed me a picture of a pile of mail on the side of the road, which included loose ballots. There are numerous pictures of similar examples on social media.

Nine people participated in this test. I wrote their names in cursive using my normal handwriting. They then copied my version of their name onto their ballot envelope. This two-step process was necessary to ensure no laws were broken.

On Monday, I asked Clark County Registrar Joe Gloria about this scenario. If ballots signed by someone else “came through, we would still have the signature match to rely on for identity,” he said. Asked if he was confident the safeguard would identify those ballots, he said, “I’m confident that the process has been working throughout this process.”

He was wrong. Eight of the nine ballots went through. In other words, signature verification had an 89 percent failure rate in catching mismatched signatures.

This could explain how a ballot “signed” by Rosemarie Hartle, who died in 2017, made it through signature verification, as reported by 8 News Now. It could explain how Jill Stokke, a longtime Las Vegas resident, was told the signature on her ballot matched, even though she said she never received it.

County officials aren’t working proactively to determine whether unscrupulous actors abused this vulnerability in a widespread fashion. Gloria’s office doesn’t “have an investigatory team.” He said his office catches fraudulent votes “when they’re reported to us.” So if a criminal doesn’t admit he committed voter fraud, Clark County is unlikely to find out about it. Willful ignorance isn’t an election security strategy.

Leave aside the presidential race. Fewer than 200 votes separate the leading candidates in Senate District 5. In 2018, state Sen. Keith Pickard won his race by 24 votes. Even small amounts of fraud can swing results.

It’s unclear how much voter fraud took place in Nevada. But it’s clear signature verification isn’t the fail-safe security check elections officials made it out to be.

end
 
Fauci was shown Pfizer vaccine data before Trump
(zerohedge)

Fauci Showed Breakthrough Pfizer COVID Vaccine Results To Biden Before Trump, Azar Confirms

 

When news first broke about the headline numbers from Pfizer’s vaccine trial on Monday morning, we couldn’t help but wonder how the Trump Administration and the White House had seemingly been left out of the loop. The Biden team was reportedly briefed on the data Sunday, one day before its release. Meanwhile, many at the WH first learned about the data from the press.

Since then, the media’s message that we were finally seeing “the light at the end of the tunnel” has been tempered by numerous ‘experts’ in fields from epidemiology to logistics assuring investors and the general public that there’s still a lot we don’t about the vaccines, from their long-term efficacy and side-effects, to what unanticipated delays might arise as the first approved vaccines start making their way from warehouses to doctor’s offices or pharmacies, wherever the vaccines will ultimately be distributed.

During his first press briefing since the election, President Trump delivered a bitter ‘I told you so,’ and slammed Dr. Fauci and Pfizer for sharing the data with Joe Biden and his team before the White House.

Trump comments followed confirmation from DHHS head Alex Azar, who told WMAL host Vince Coglianese that he learned about the trial results from the press…even though the trials were being overseen by agencies within DHHS.

“I, as Secretary of Health and Human Services, learned about this from media reports on Monday morning,” Azar said Wednesday during an interview with Washington D.C. radio station WMAL.

If accurate, that would mean Dr. Fauci & Co. shared the results with Joe Biden, before his victory was even officially certified, which sounds like a pretty brazen gesture of disrespect toward the president and his administration.

“If the Biden campaign found out Sunday night but you…didn’t find out until Monday, that sounds like there’s a problem there,” WMAL host Vince Coglianese said during his interview with Azar. “There certainly was a gap in communication, let’s say,” Azar responded.

According to media reports, White House staff were infuriated when they found out Biden had been given a sneak peak at the data ahead of Trump.

As the Federalist pointed out in a report on Azar’s revelation, the fact that Biden was briefed before Trump is just another sign that the rollout was a coordinated effort between Pfizer, Dr. Fauci and the NIH to delay the results until after the election to try and boost the former vice president’s chances.

Egged on by Bloomberg and other other media outlets, Pfizer has also been blatantly misrepresenting its participation in ‘Operation Warp Speed’. Though Pfizer didn’t receive any money upfront, the US government has promised to deliver a $2 billion payment in exchange for 100 million doses.

“We were never part of the Warp Speed … We have never taken any money from the U.S. government, or from anyone,” company Senior Vice President Kathrin Jansen said in an interview reported by the New York Times. Pfizer later had to revise her statement, as they have indeed benefited from a $2 billion dollar contract with HHS.

In a matter of weeks, top Dems, including NY Gov Andrew Cuomo and Biden’s running mate Kamala Harris, have gone from trying to discredit the Trump FDA, to trying to completely white was the administration’s efforts and accomplishments with OWS and other aspects of the COVID-19 response.

END

For your interest…

Sen. Bernie Sanders Confirms He’s Seeking Labor Secretary Position

 
 

Authored by Jack Phillips via The Epoch Times,

Sen. Bernie Sanders (I-Vt.) said he has spoken with Democratic nominee Joe Biden’s team about becoming the secretary of labor should Biden win the election.

“Have you had any conversations with anyone from the Biden transition team about a possible Cabinet post?” CNN host Jake Tapper asked the self-described socialist senator on Sunday.

Sanders responded in the affirmative and confirmed he spoke with Biden’s team, and said he “want[s] to do [his] best in whatever capacity, as a senator or in the administration, to protect the working families in this country.”

Numerous media outlets have declared the presidential winner as Biden. The Epoch Times will not call the race for either Biden or President Donald Trump until all results are certified and any legal challenges are resolved.

Sara Nelson, the head of the Association of Flight Attendants, told NBC News that Sanders reached out to her for support.

Several other progressive politicians have reportedly attempted to reach out to Biden in recent days. However, with Republicans likely to control the Senate following two runoff elections in Georgia in January, it’s entirely possible that their nominations would be blocked in the upper chamber if Biden is victorious.

Some business groups have expressed anxiety over the prospect of Sanders having a prominent role in the federal government.

“Naming such a polarizing choice would be a pretty big bait-and-switch for a president-elect who ran on bringing the country together to solve problems,” said Matt Haller, senior vice president of government relations and public affairs at the International Franchise Association, according to The Hill in a report last week.

This election said many things, but it was not a mandate by voters to turn America into a country that rejects capitalism – just ask the House incumbents who were thrown out of office in purple districts for being unable to separate themselves from the lunatic fringe agenda,” he added.

Aric Newhouse, senior vice president of policy and government relations at the National Association of Manufacturers, added that bipartisanship is sorely needed, suggesting that he doesn’t favor a left-wing direction.

 END
 
Crooks in action:
 
(Matt Margolis//PJMedia.com

Biden’s Cancer Charity Took In Millions, Spent Big On Salaries But Nothing On Research

 

Authored by Matt Margolis via PJMedia.com,

Fake charities are not just for the Clintons, it seems, as a report from the New York Post reveals that a cancer charity started by former Vice-President Joe Biden spent most of the millions it raised on salaries, but gave out no grants in its first two years.

The mission of the Biden Cancer Initiative, which was founded in 2017, was to “develop and drive implementation of solutions to accelerate progress in cancer prevention, detection, diagnosis, research and care and to reduce disparities in cancer outcomes.” The charity took in nearly $5 million in contributions in 2017 and 2018, according to IRS filings, but spent most of it, just over $3 million, on the salaries of former Washington D.C. aides who were hired for the charity.

 

The charity took in $4,809,619 in contributions in fiscal years 2017 and 2018, and spent $3,070,301 on payroll in those two years. The group’s president, Gregory Simon, raked in $429,850 in fiscal 2018 (July 1, 2018 to June 30, 2019), according to the charity’s most recent federal tax filings.

Simon, a former Pfizer executive and longtime health care lobbyist who headed up the White House’s cancer task force in the Obama administration, saw his salary nearly double from the $224,539 he made in fiscal 2017, tax filings show.

Danielle Carnival, former chief of staff for Obama’s cancer initiative, the Cancer Moonshot Task Force, who took home $258,207 in 2018.

The rest of the charity’s income was spent on expenses like travel and conferences.

Gregory Simon claims that the purpose of the charity is not to give out grants, but to “accelerate” treatment for all, whatever that means.

Joe Biden’s son Beau Biden died of brain cancer in 2015.

The charity effectively stopped running once Joe Biden started his presidential campaign. According to Simon, that’s when the “charity” floundered.

“We tried to power through but it became increasingly difficult to get the traction we needed to complete our mission,” Simon said in July 2019.

 

The Biden Cancer Initiative remains unrated by the Charity Navigator, an organization that analyzes charities to determine which effectively use their donations for their stated cause.

end

v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.

Either the flu is disappearing or Covid cases are being reported as flu.

 

@drdavidsamadi: The CDC lab in charge of an early COVID-19 test kit knew that it could fail 33% of the time but sent it to public labs anyway. Imagine how that distorted the numbers

 

Fauci Showed Breakthrough Pfizer Covid Vaccine Results to Biden before Trump, Azar [DHHS Sec] Confirms  https://www.zerohedge.com/geopolitical/fauci-showed-breakthrough-pfizer-covid-vaccine-results-biden-trump-dhhs-confirms

 

Social distancing, masks still necessary after getting COVID-19 vaccine: Fauci https://trib.al/5ycN47S

 

CNN’s Jake Tapper Sunday morning: “Christmas is probably not gonna be – possible.”

https://twitter.com/SteveGuest/status/1327983461949378565

 

After the close on Friday, Trump appeared on camera for the first time in a week to deliver an update on “Operation Warp Speed”, the plan to accelerate the development of a Covid-19 vaccine.

 

@cspan: @POTUS: “As soon as April the vaccine will be avail to the entire gen. population w/ the exception of places like NY State… He wants to take his time with a vaccine… he doesn’t trust that it’s this WH… Gov. Cuomo will have to let us know when he’s ready for it.”

 

OAN’s @ElmaAksalic: “Our investment will make it possible for the vaccine to be provided by Pfizer free of charge. Pfizer said it wasn’t part of Warp Speed but that turned out to be an unfortunate misrepresentation…”

 

Pundits who proclaim “gridlock in Washington DC is good for stocks” are egregiously misrepresenting the gridlock dynamic.  Gridlock is good when the economy and society are functioning normally.  Gridlock is horrible when there are severe problems.  What would have occurred in the spring if ‘gridlock’ had prevented the $3+ trillion bailout package?

 

WSJ: Warren Buffett’s Berkshire Is Becoming Its Own Elephant Investment

Biggest recent purchase that the conglomerate has made is buyback of its own stock

    Berkshire bought $9 billion of its own shares in the third quarter, bringing total buybacks for the first three quarters of 2020 to $15.7 billion… Berkshire Hathaway stock is now one of Berkshire Hathaway’s biggest investments ever… [Warren’s action suggests he believes stocks are extremely overvalued.]

https://www.wsj.com/articles/warren-buffetts-berkshire-is-becoming-its-own-elephant-investment-11605362402

@realDonaldTrump on Saturday: Congress must now do a Covid Relief Bill. Needs Democrats support. Make it big and focused. Get it done!

 

@Phil_Lewis_: Michigan Gov. Gretchen Whitmer has announced an epidemic order for 3 weeks, starting this Wednesday.  In-person learning for high schools and colleges are halted. Indoor dining, theaters, stadiums, organized sports (except pros) are no longer open.

 

Trump Plans Last-Minute China Crackdown –  Trump officials plan to sanction or restrict trade with more Chinese companies, government entities and officials for alleged complicity in human rights violations in Xinjiang and Hong Kong, or threatening U.S. national security.  The administration also will crack down on China for its labor practices beyond Xinjiang forced labor camps…

https://www.axios.com/scoop-trump-plans-last-minute-china-crackdown-fbac3d03-5901-4abd-822f-2a8956a666ad.html

 

@CBS_Herridge: Senior administration official confirms to @CBSNews as accurate, adding @DNI_Ratcliffe will publicly detail the “depth + breadth of Chinese espionage + influence operations targeting the US” FIRST reported @axios

Gambling sites refuse to call election for Biden, leaving $600 million in limbo

https://nypost.com/2020/11/13/wagered-millions-in-limbo-as-election-gets-decided/

 

@realDonaldTrump Nov 6, 2012More reports of voting machines switching Romney votes to Obama. Pay close attention to the machines, don’t let your vote be stolen

 

Executive Order on Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election   Issued on: September 12, 2018   I, DONALD J. TRUMP, President of the United States of America, find that the ability of persons located, in whole or in substantial part, outside the United States to interfere in or undermine public confidence in United States elections, including through the unauthorized accessing of election and campaign infrastructure or the covert distribution of propaganda and disinformation, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States… [DJT prepared for election interference 2 years ago.]

https://www.whitehouse.gov/presidential-actions/executive-order-imposing-certain-sanctions-event-foreign-interference-united-states-election/

 

Sidney Powell alleges Dominion Voting Systems was created to alter votes all over the world and governors as well as secretaries of state have been paid to use the systems.

 

Sidney Powell on “Lou Dobbs” Friday night: “I can hardly wait to put forth all the evidence we have collected on Dominion, starting with the fact that it was created to produce altered voting results in Venezuela for Huge Chavez… China has a role in it also… We have staggering testimony from witnesses including one who was personally in briefings when all of this was discussed and planned with Hugo Chavez… and then saw it happening in this country.  As soon as states shutdown on election night and stopped counting those are the states were the most egregious problems occurred… We are collecting evidence on the financial interests of some of the governors and secretaries of state who actually bought into the Dominion Systems… getting voting machines in that would either make sure their election was successful or they got money for their families for it…President Trump won this election in a landslide and it is going to irrefutable… the machines… were updated the night of the election and sometimes after the election… We’re on the precipice of a new American Revolution…

    Anyone that wants this country to remain free needs to step up right now.  These are federal felonies.  Altering a vote or changing a ballot is a federal felony.  People need to come forward now and get on the right side of this issue and report the fraud they know existed in Dominion Voting Systems because that was what it was created to do… I’m going to release the Kraken… It is indeed a very foul mess.  It is farther and wider and deeper than we ever thought; but we are go to go after it and I am going to expose every one of them.”    https://twitter.com/LouDobbs/status/1327379704014393344

 

Sidney Powell claims that Venezuela and Cuba funded/created Dominion and China is involved.  She alleges that there was foreign involvement in the recent US election.  Sunday on Maria Bartiromo, Sidney stated: “We’re getting ready to overturn election results in several states… I don’t make comments without having the evidence to back it up.”

 

On Sunday Sidney Powell said Peter Neffenger, President and a Director of Smartmatic, is on Joe Biden’s Presidential transition team. 

 

Did the US Raid European Software Company Scytl and Seize their Servers in Germany?…

Earlier today Rep. Louie Gohmert told Chris Salcedo on Newsmax that people on the ground in Germany report that Scytl, which hosted  elections data improperly through Spain, was raided by a large US ARMY force and their servers were seized in Frankfurt…

     The US government, once they determined that this Dominion server was involved in switching votes, then the intelligence community began a search for the server and discovered that the server was in Germany. In order to get access to that server and have it available for use in a legal manner they had to have the State Department work in tandem with the Department of Justice. They had to request that the government of Germany cooperate in allowing this seizure of this server…

     The US military was not in the lead. But this helps explain why Esper was fired and Miller and Kash Patel were put in place — so that the military would not interfere with the operation in any way… The CIA was completely excluded from this operation.

https://www.thegatewaypundit.com/2020/11/us-raid-software-company-scytl-seize-servers-germany-intel-source-says-yes-happened/

 

@RudyGiuliani: Did you know a foreign company, DOMINION, was counting our vote in Michigan, Arizona and Georgia and other states. But it was a front for SMARTMATIC, who was really doing the computing. Look up SMARTMATIC and tweet me what you think? It will all come out.

 

@SidneyPowell1: #Smartmatic and #DominionVotingSystems are inextricably intertwined!

#Soros no. 2 man #Lord Malloch Brown heads up #Dominion funded by corrupt criminal communist money from #VZ #Cuba w/ #CCP.  @realDonaldTrump has all the evidence

 

@kylenabecker: “These problems threaten the integrity of our elections.”  Senators Elizabeth Warren (D), Amy Klobuchar (D) & Ron Wyden (D) issue a formal complaint in 2019 to Dominion Voting Systems.  Among the complaints? Allegations of ‘vote-switching.’

https://warren.senate.gov/imo/media/doc/H.I.G.%20McCarthy,%20&%20Staple%20Street%20letters.pdf

 

Anti-Trump Dominion Voting Systems Security Chief Was Participating in Antifa Calls, Posted Antifa Manifesto Letter to Trump Online  https://www.thegatewaypundit.com/2020/11/report-anti-trump-dominion-voting-systems-security-chief-participating-antifa-calls-posted-antifa-manifesto-letter-trump-online/

 

It’s possible that 2020’s election fraud is way bigger than we thought

In Dallas County, Texas, a deep red county, there was a sudden, unexpected blue wave in 2018.  The computer logs revealed that ES&S technicians repeatedly overrode thousands of error codes for “time stamp mismatch” and “votes exceed ballots.”  Essentially, they replaced votes.  Then ES&S ignored the requirement that the data be saved for 22 months and destroyed everything... The real issue is that the important changes are happening at the level of computer tabulation.  The forensics investigators believe that these changes occur offshore, mostly at Scytl’s headquarters in Barcelona, and maybe in Frankfurt https://www.americanthinker.com/blog/2020/11/its_possible_that_2020s_election_fraud_is_way_bigger_than_we_thought.html

 

@HowleyReporter: [GA Gov] Brian Kemp’s chief of staff moved on to lobby for DOMINION, who sold products to Georgia, while GA Secretary of State took campaign cash from wife of Dominion’s partner’s CEO.  Georgia proved itself to be a disgrace, and this is a FAILED ELECTION

    Georgia Republican governor Brian Kemp’s former chief of staff lobbies for Dominion Voting Systems, the embattled George Soros-linked company that flipped votes from President Donald Trump to Joe Biden in the 2020 election. Dominion products were used in Georgia, where massive vote-counting problems plagued the hearts of the citizenry… Dominion’s partner in the state is KNOWiNK, a supplier of electronic poll books, which are used to sign in voters and confirm voter registrations. KNOWiNK’s founder and CEO, Scott Leiendecker, is a former Republican election official whose wife donated $2,500 to the campaign of Georgia’s current secretary of state, Brad Raffensperger, in November 2018.”…

https://nationalfile.com/georgia-ex-kemp-staffer-lobbies-for-dominion-voting-madness-leads-to-lame-recount/

 

The Georgia recount may be as corrupt as the election itself

The process of vetting voters was wholly corrupt, and there is no way to disentangle the illegitimate from the legitimate ballots during the recount… Typically, Georgia rejects 3.5% of absentee ballots because they cannot be validated.  This year, says Morris, the rejection rate is 0.002%…

https://www.americanthinker.com/blog/2020/11/the_georgia_recount_may_be_as_corrupt_as_the_election_itself.html

 

Pro-Biden Bug Also Suspected in Georgia’s Vote-Counting Software – A curious thing happened as Fulton County, Ga., election officials counted mail-in ballots at Atlanta’s State Farm Arena in the days after the election. In the early hours of Nov. 5, a surge of some 20,000 mail-in votes suddenly appeared for Joe Biden, while approximately 1,000 votes for President Trump mysteriously disappeared from his own totals in the critical swing state, where Biden holds a razor-thin lead…“The software appears to have thrown votes from Trump to Biden here too,” he said in a RealClearInvestigations interview. “Or Biden ballots were manufactured.”…

https://www.realclearinvestigations.com/articles/2020/11/13/pro-biden_bug_also_suspected_in_georgias_vote-counting_software__125995.html

 

@EmeraldRobinson: Hearing that @GaSecofState wants to do a recount that will not verify signatures or addresses or whether people voted more than once. Only 10% of recount will be monitored.  That’s why Republican senators are calling for his resignation.

 

Tea Party Patriots React to Georgia Secretary of State’s Decision to Order Inadequate Audit of State’s Ballots – “First, the audit does not include a review of signatures on absentee ballot applications and ballot envelopes to confirm the legitimacy of votes cast… Second, the current process lacks meaningful access to the auditing process… Third, the Secretary’s direction to the counties to certify results by 5:00 P.M. tomorrow – while they are simultaneously conducting a recount and audit to verify the legal vote counts are correct – makes no sense… Fourth, launching the recounts fewer than 24 hours after the directives were issued does not allow enough time for sufficient public notice of the existence, location, and times of the audits and hand counts… Fifth, the security of the paper ballots is critically important…  https://www.teapartypatriots.org/action-news/tea-party-patriots-actions-reacts-to-georgia-secretary-of-states-decision-to-order-inadequate-audit-of-states-ballots/

 

GOP Rep. Jody Hice @CongressmanHice: Only 0.3% of Georgia’s 1.3 million absentee ballots were rejected for signature mismatches. In 2018, 3.5% were rejected…We need to review signature matches and remove illegal votes to ensure legitimacy!

 

Rudy Giuliani claims Georgia GOP Governor Brian Kemp’s ex-Chief of Staff is a Dominion lobbyist.  GOP high officials in some states are working against Trump’s vote recount/audit efforts.  Are NeverTrumpers thwarting Trump again?

 

@CodeMonkeyZ: Pennsylvania Department of State requested a function from Dominion Voting Software to allow local “Operators” with access to “totally blank ballots” to examine, RE-MARK IF NEEDED and allowed, and then re-scan into the tabulator.  

https://www.dos.pa.gov/VotingElections/Documents/Voting%20Systems/Dominion%20Democracy%20Suite%205.5-A/Dominion%20Democracy%20Suite%20Final%20Report%20scanned%20with%20signature%20020119.pdf

 

Detroit contracted poll workers from firm owned by key figure in ex-mayor’s corruption case

More than $1 million awarded to P.I.E. Management LLC, created by former Kwame Kilpatrick aide William A. Phillips… Poll observers claimed they were kept from observing ballots as allowed by law or witnessed unusual behavior that included piercing the secrecy of some ballots and unexplained additions and rejections of votes. And one longtime city worker, Jessy Jacob, swore out an affidavit saying she witnessed widespread tampering ordered by her supervisors that impacted thousands of ballots.

“On November 4, 2020, I was instructed to improperly pre-date the absentee ballots receive date that were not in the QVF as if they had been received on or before November 3, 2020,” she stated in her affidavit. “I was told to alter the information in the QVF to falsely show that the absentee ballots had been received in time to be valid. I estimate that this was done to thousands of ballots…

https://justthenews.com/politics-policy/elections/fridetroit-department-elections-granted-million-dollar-contracts-firms

 

Lawsuit challenges vote count in 3 Wisconsin counties

The plaintiffs allege voters in the three counties may have bypassed state law requiring voters to provide a photo ID by declaring themselves “indefinitely confined” due to the coronavirus pandemic.

https://wkow.com/2020/11/13/lawsuit-challenges-vote-count-in-3-wisconsin-counties/

 

@Rasmussen_Poll: Biden underperformed Hillary Clinton in every major metro area around the country, save for Milwaukee, Detroit, Atlanta and Philadelphia … in these big cities in swing states run by Democrats…the vote even exceeded the number of registered voters.”

https://www.thegatewaypundit.com/2020/11/pollster-noticed-joe-biden-underperformed-hillary-clinton-except-four-cities/

 

Senior U.S. cybersecurity official asked to resign amid Trump transition tumult

Bryan Ware, the Assistant Director for Cybersecurity for the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), confirmed to Reuters that he had handed in his resignation on Thursday… [Election fiasco related?]

https://www.reuters.com/article/us-usa-cyber-resignation/senior-u-s-cybersecurity-official-asked-to-resign-amid-trump-transition-tumult-idUSKBN27S2RW

 

DHS boss Chad Wolf defies Trump order to fire cyber chief Chris Krebs

Krebs, a former Microsoft executive, has since 2017 led DHS’s Cybersecurity and Infrastructure Security Agency (CISA) and recently launched a “Rumor Control” website to debunk claims of voter fraud. A CISA panel declared Thursday that the “November 3rd election was the most secure in American history,” rejecting Trump’s claims of widespread fraud…

https://nypost.com/2020/11/13/dhs-boss-chad-wolf-defies-trump-order-to-fire-cyber-chief-chris-krebs/

 

Law firms working for Trump are being pressured (Stalinist-style bullying?) to drop Trump.  The USA of our parents and grandparents is gone with the wind.

 

Trump Law Firm’s Exit from Election Leaves another Feeling Heat

  • Porter Wright and Jones Day were targeted by Lincoln Project
  • Campaign to harass lawyers who are aiding Trump election fight

https://www.bloomberg.com/news/articles/2020-11-13/trump-law-firm-s-exit-from-election-leaves-another-feeling-heat

 

The Lincoln Project’s Shameful Attack on the Legal Profession

Harassing attorneys is both a frontal assault on longstanding ideals of the legal profession and a nasty tactic of intimidation.  The Lincoln Project, the anti-Trump group of ex-Republicans founded by George Conway, Steve Schmidt, John Weaver, Rick Wilson, and others, has sunk to a new low: personal harassment of lawyers representing Donald Trump and Republicans in post-election lawsuits…

https://www.nationalreview.com/2020/11/the-lincoln-projects-shameful-attack-on-the-legal-profession/

 

Biden Cancer Initiative spent millions on payroll, zero on research: report

Tax filings reveal Biden cancer charity spent millions on salaries, zero on research

https://nypost.com/2020/11/14/biden-cancer-initiative-spent-millions-on-payroll-zero-on-research-report/

 

@jmclghln: Strange coincidence that former Pfizer exec led Biden cancer charity that did no cancer research and then Pfizer has an effective vaccine that they may have delayed to after election to tell @realDonaldTrump about?

 

Outgoing Syria Envoy Admits Hiding US Troop Numbers; Praises Trump’s Mideast Record

‘We were always playing shell games,’ says Amb. Jim Jeffrey, who also gives advice to President-elect Biden… “We were always playing shell games to not make clear to our leadership how many troops we had there,” Jeffrey said in an interview. The actual number of troops in northeast Syria is “a lot more than” the roughly two hundred troops Trump initially agreed to leave there in 2019…

https://www.defenseone.com/threats/2020/11/outgoing-syria-envoy-admits-hiding-us-troop-numbers-praises-trumps-mideast-record/170012/

 

Justice Alito raises concerns about coronavirus restrictions continuing after pandemic

Justice says coronavirus restrictions shouldn’t become “recurring feature after the pandemic has passed.”… “The pandemic has resulted in previously unimaginable restrictions on individual liberty,” Alito also said… https://justthenews.com/government/courts-law/justice-alito-raises-concerns-about-coronavirus-restrictions-long-term-impact

 

Illinois Gov. Pritzker Parties with Biden Election Crowd despite Calling for State to Lock Down

https://www.breitbart.com/politics/2020/11/11/illinois-gov-pritzker-parties-with-biden-election-crowd-despite-calling-for-state-to-lock-down/

 

CNBC: Chicago Mayor asks residents to cancel Thanksgiving plans

 

Chicago Mayor Goes After Weddings and Funerals But Defends Massive Election Party

https://freebeacon.com/democrats/chicago-mayor-goes-after-weddings-and-funerals-but-defends-massive-election-party/

 

@ChicagoBreaking: Chicago Mayor Lori Lightfoot on joining crowd celebrating Biden-Harris win as COVID-19 cases surge: ‘There are times when we actually do need to have … relief and come together’

[Celebrating a Biden win in large crowds is okay; but family Thanksgiving dinners are verboten!]

https://www.chicagotribune.com/coronavirus/ct-lightfoot-biden-crowd-covid19-20201113-dyb3yfhbxfbqdjemfhrcpyb7pa-story.html

 

Media takes heat for ignoring violent attacks on Trump supporters at MAGA rally

Rep. Lee Zeldin, R-N.Y., said ‘media blackout’ was ‘terrible’ and ‘telling’

   “I want to hear Joe Biden and Kamala Harris condemn Antifa/BLM criminals who assaulted and harassed peaceful demonstrators in DC today, including elderly and families,” political strategist Doug Stafford wrote on Twitter on Saturday. “Of course they won’t. And ‘media’ won’t make them.”…

https://www.foxnews.com/politics/media-coverage-million-maga-march-trump-conservatives-violent-antifa.amp

Well that is all for today

I will see you TUESDAY night.

2 comments

  1. […] by Harvey Organ, Harvey Organ Blog: […]

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: