DEC 28//TODAY CONCLUDES COMEX EXPIRY//THURSDAY IS LBMA GOLD/SILVER OPTIONS AND OTC OPTIONS EXIRY: THUS GOLD IS WHACKED DOWN $3.00 TO $1876.95//SILVER UP 57 CENTS TO $26.36//GOLD TONNAGE STANDING AT THE COMEX: 93.6 TONNES//CORONAVIRUS UPDATE UK, USA AND THE GLOBE//BITCOIN ADVANCES TO $27,348 PER COIN//CHINA HAS ITS TENTACLES INTO MUCH OF THE DEMOCRATIC PARTY//BREXIT DEAL SIGNED BY EU//NASHVILLE BOMBING ON CHRISTMAS DAY TAKES OUT MUCH OF AT&t DATA//TRUM SIGNS 2.3 TRILLION DOLLAR COVID AND SPENDING DEAL/ELECTION CHAOS COMMENTARIES..SWAMP STORIES FOR YOU TONIGHT//

GOLD:$1876.95 DOWN   $3.00   The quote is London spot price

Silver:$26.36 UP $0.57   London spot price ( cash market)

Closing access prices:  London spot

i)Gold : $1873.20  LONDON SPOT  4:30 pm

ii)SILVER:  $26.24//LONDON SPOT  4:30 pm

TODAY CONCLUDES OPTIONS EXPIRY FOR THE COMEX..THIS THURSDAY IS OPTIONS EXPIRY FOR LBMA GOLD/SILVER AND OTC CONTRACTS.

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EXECUTIVE ORDER 13848

THIS EMERGENCY DECLARATION IS STILL IN EFFECT!!!!
Sept 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. Although there has been no evidence of a foreign power altering the outcome or vote tabulation in any United States election, foreign powers have historically sought to exploit America’s free and open political system. In recent years, the proliferation of digital devices and internet-based communications has created significant vulnerabilities and magnified the scope and intensity of the threat of foreign interference, as illustrated in the 2017 Intelligence Community assessment. I hereby declare a national emergency to deal with this threat.”

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COMEX DATA

wow!!looks like the Fed through JPMorgan is bailing out the comex:

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

receiving today:  30/146

EXCHANGE: COMEX
CONTRACT: DECEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,874.700000000 USD
INTENT DATE: 12/23/2020 DELIVERY DATE: 12/28/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 63
657 C MORGAN STANLEY 14 11
661 C JP MORGAN 30
686 C STONEX FINANCIA 26
690 C ABN AMRO 3
732 C RBC CAP MARKETS 10
737 C ADVANTAGE 99
905 C ADM 4
991 H CME 32
____________________________________________________________________________________________

TOTAL: 146 146
MONTH TO DATE: 29,945

ISSUED 0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED TODAY:   28 NOTICES FOR 2800 OZ  (0.0870 TONNES)

TOTAL NUMBER OF NOTICES FILED SO FAR:  29,973 NOTICES FOR 2,997,300 OZ  (93.229 tonnes) 

SILVER//DEC CONTRACT

5 NOTICE(S) FILED TODAY FOR 25,000  OZ/

total number of notices filed so far this month: 9273 for 46,365,000  oz

BITCOIN MORNING QUOTE  $26,978   UP 727

BITCOIN AFTERNOON QUOTE.  :$27,348  UP 574 DOLLARS .

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THESE TWO VEHICLES//GLD/AND SLV  ARE ABSOLUTE FRAUDS AND HAVE NOWHERE NEAR THE METAL THEY CLAIM THEY HAVE!

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $3.00 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

NO CHANGE IN GOLD INVENTORY AT THE GLD//

INVENTORY RESTS AT:

GLD: 1,167.33 TONNES OF GOLD//

WITH SILVER UP 57 CENTS TODAY: AND WITH NO SILVER AROUND:

VERY STRANGE!!

NO CHANGES IN SILVER INVENTORY AT THE SLV//

INVENTORY RESTS AT :

SLV: 554.951  MILLION OZ./

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

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IN SILVER THE COMEX OI FELL BY A TINY SIZED 190 CONTRACTS FROM 168,844 DOWN TO 168,654, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE LOSS IN COMEX OI  OCCURRED WITH OUR  SMALL RISE  OF $0.04 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS  DUE TO SOME BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A TINY EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION,AND ANOTHER SMALL DECREASE IN SILVER OUNCES  STANDING AT THE COMEX FOR DEC.WE HAD A SMALL SIZED GAIN IN OUR TWO EXCHANGES OF 53 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A SMALL  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  150, AS WE HAD THE FOLLOWING ISSUANCE:   DEC:  0, MARCH 150 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  150 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.

3.950 MILLION OZ FINAL STANDING IN NOV.

46.955 MILLION OZ INITIAL STANDING FOR DEC.

THURSDAY, 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 $0.04) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE   UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY  SILVER LONGS AS WE HAD A TINY LOSS IN OUR TWO EXCHANGES (40 CONTRACTS). NO DOUBT THE GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i) SOME BANKER/ STRONG ALGO SHORT COVERING.  WE ALSO HAD  ii)  A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL DECREASE IN SILVER OZ STANDING FOR DEC, iii) TINY COMEX OI LOSS AND iv) ZERO  LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

We have now switched to SILVER for our spreaders!!

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

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

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN SILVER AS WE HEAD TOWARDS THE NEW NON ACTIVE FRONT MONTH OF JAN.

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 GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER.  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 SILVERAS 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  ACTIVE DELIVERY MONTH OF DEC. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF JAN FOR SILVER:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS  ACTIVE MONTH OF  DEC. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING NON  ACTIVE DELIVERY MONTH (JAN), 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

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

16,331 CONTRACTS (FOR 19 TRADING DAY(S) TOTAL 16,331 CONTRACTS) OR 81.655 MILLION OZ: (AVERAGE PER DAY 859 CONTRACTS OR 4.30 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF DEC: 81.655 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 11.55% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S:          1,655.96 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                    63.77 MILLION OZ ( SLOWED DOWN CONSIDERABLY AGAIN)

DECEMBER EFP:                    81.655 MILLION OZ (ESCALATING IN NUMBERS AGAIN  )

RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 190, DESPITE OUR  $0.04 GAIN IN SILVER PRICING AT THE COMEX //THURSDAY.…THE CME NOTIFIED US THAT WE HAD A TINY SIZED EFP ISSUANCE OF 150 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE LOST A SMALL  SIZED 40 OI CONTRACTSON THE TWO EXCHANGES  (WITH OUR   $0.04 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e  150 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A TINY SIZED DECREASE OF 190 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR  $0.04 RISE IN PRICE OF SILVER/AND A CLOSING PRICE OF $25.79 // THURSDAY’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. 0.8435 BILLION OZ TO BE EXACT or 121% of annual global silver production (ex Russia & ex China).

FOR THE NEW DEC  DELIVERY MONTH/ THEY FILED AT THE COMEX: 5 NOTICE(S) FOR 25,000 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 SMALL SIZED 1444 CONTRACTS TO 563,260 AND CLOSER TO OUR  NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE GAIN IN COMEX OI OCCURRED WITH OUR RISE IN PRICE  OF $6.15 /// COMEX GOLD TRADING//THURSDAY.WE  HAD SOME BANKER/ALGO SHORT COVERING ACCOMPANYING OUR TINY SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS WE HAD A SMALL GAIN ON OUR TWO EXCHANGES  (1640 CONTRACTS). WE  HAVE A GOOD SIZED INCREASE IN AMOUNT OF GOLD STANDING FOR DELIVERY IN DECEMBER(GOLD STANDING UP TO 93.586 TONNES) .THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $6.15. 

.

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

WE HAD A SMALL SIZED GAIN OF 1891 CONTRACTS   ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A TINY SIZED 196 CONTRACTS:

CONTRACT .  DEC: 0; FEB: 196  AND DEC ’21: 0 ALL OTHER MONTHS ZERO//TOTAL: 196.  The NEW COMEX OI for the gold complex rests at 563,260. 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 SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1640 CONTRACTS: 1444 CONTRACTS INCREASED AT THE COMEX AND 196 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN//TWO EXCHANGES OF 1640 CONTRACTS OR 5.1010 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A TINY SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (196) ACCOMPANYING THE SMALL SIZED GAIN IN COMEX OI  (1444 OI): TOTAL GAIN IN THE TWO EXCHANGES: 1640 CONTRACTS. WE NO DOUBT HAD  1)  SOME BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 SMALL GAIN IN GOLD OUNCES  STANDING AT THE GOLD COMEX FOR THE FRONT DEC. MONTH TO 93.586 TONNES3)  ZERO LONG LIQUIDATION ;4) SMALL COMEX OI GAIN,  5) TINY SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH  OUR GAIN IN GOLD PRICE TRADING/THURSDAY//$6.15.

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.

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

DEC.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 42,148 CONTRACTS OR 4,214,800 oz OR 131.09 TONNES (19 TRADING DAY(S) AND THUS AVERAGING: 2218 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 19 TRADING DAY(S) IN  TONNES: 131.09  TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2019/2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 131.09/3550 x 100% TONNES =3.69% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE:  3,953.45 TONNES

JANUARY 2220 TOTAL EFP ISSUANCE; : 571.19 TONNES

FEB 2020 TOTAL EFP ISSUANCE :            653.78 TONNES

MARCH TOTAL EFP ISSUANCE                1,113.77  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:                        201.08 TONNES ( INCREASING AGAIN) 

DEC. TOTAL EFP ISSUANCE:                         131.09 TONNES (DECREASING 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, FELL BY A TINY SIZED 190 CONTRACTS FROM 168,939 DOWN TO 168,654 AND FURTHER FROM 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 TINY SIZED LOSS IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) SOME BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A SMALL DECREASE  IN SILVER OUNCES  STANDING   AT THE COMEX FOR DEC., AND 4) ZERO LONG LIQUIDATION 

EFP ISSUANCE 150 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 0 AND MARCH:  150  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 150 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 190 CONTRACTS TO THE 150 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A  LOSS OF 40 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 0.200 MILLION  OZ, OCCURRED WITH OUR $0.04 RISE 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

3. ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT: 

SHANGHAI CLOSED UP 0.72 PTS OR .02%   //Hang Sang CLOSED DOWN 71.93 PTS OR .27%    /The Nikkei closed UP 197.42 POINTS OR 0.74%//Australia’s all ordinaires CLOSED UP 0.36%

/Chinese yuan (ONSHORE) closed UP AT 6.5413 /Oil UP TO 48.72 dollars per barrel for WTI and 51.73 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED  UP AGAINST THE DOLLAR AT 6.5413. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5412 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 SMALL SIZED 1444 CONTRACTS TO 563,511 AND 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  COMEX INCREASE OCCURRED WITH OUR CONSIDERABLE  GAIN OF $6.15 IN GOLD PRICING THURSDAY’S COMEX TRADING/).

 WE HAD A SMALL EFP ISSUANCE (196 CONTRACTS).  WE THUS HAD  1)  SOME BANKER SHORT COVERING// ALGO SHORT COVERING//,  2)  ZERO LONG LIQUIDATION  AND 3)  SMALL GAIN IN GOLD OUNCES  STANDING AT THE  COMEX FOR DECEMBER AS A SOME LONGS STANDING FOR DELIVERY  REFUSE TO MORPH INTO LONDON BASED FORWARDS (AND QUEUE JUMPING COMMENCES AGAIN).  COMEX GOLD NOW STANDING AT 93.586 TONNES)//DEC. DELIVERY MONTH (SEE BELOW) 4)   AS WE ENGINEERED A SMALL SIZED GAIN ON OUR TWO EXCHANGES OF 1891 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  4

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF NOV..  THE CME REPORTS THAT THE BANKERS ISSUED A TINY SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 196 EFP CONTRACTS WERE ISSUED:     DEC 0; FEB// ’21 196 AND DEC 21: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 196  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: 1640 TOTAL CONTRACTS IN THAT 196 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A SMALL SIZED 1444 COMEX CONTRACTS.. THE BIG NEWS IS THE GIGANTIC LEVEL OF DEC 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((93.586 TONNE).  IF YOU INCLUDE  NOVEMBER’S HUGE 34.7 TONNES, OUR COMEX IS OFFICIALLY UNDER ASSAULT.

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $6.15). AND, THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED   5.881 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR DECEMBER (93.586 TONNES)

NET GAIN ON THE TWO EXCHANGES :: 1640 CONTRACTS OR 164000 OZ OR 5.1010  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:  563,260 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 56.32 MILLION OZ/32,150 OZ PER TONNE =  1752 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1752/2200 OR 79,66% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

Trading Volumes on the COMEX TODAY  196,085 contracts// volume extremely poor and falling in numbers

CONFIRMED COMEX VOL. FOR YESTERDAY:  94,479 contracts//  volume: poor//

/most of our traders have left for London

DEC 28 /2020

DEC. GOLD CONTRACT MONTH

INITIAL STANDING FOR DEC GOLD
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
nil oz
Deposits to the Dealer Inventory in oz NIL oz
Deposits to the Customer Inventory, in oz 0
OZ
No of oz served (contracts) today
28 notice(s)
 2800 OZ
(0.0870 TONNES)
No of oz to be served (notices)
115 contracts
(11500 oz)
.3576 TONNES
Total monthly oz gold served (contracts) so far this month
29,973 notices
2,997,300 OZ
93.229 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

Withdrawals from Dealers Inventory NIL oz

We had 0 deposit into the dealer

total deposit: nil  oz

total dealer withdrawals: nil oz

we had  0 deposit into the customer account

total customer deposit: NIL    oz

we had  0 gold withdrawals from the customer account:

total customer withdrawals:  nil  oz

We had 0  kilobar transactions

ADJUSTMENTS: 0//  

The front month of DEC registered a total of 143 contracts for a LOSS of 126. We had 146 notices filed upon yesterday so we  GAINED A SMALL SIZED 20 contacts or 2000 additional oz will stand in this very active delivery month of December as we finally witness  queue jumping by our bankers searching for gold metal on this side of the pond trying to put out fires on the other side of the Atlantic, and as such this caused the total tonnage standing increase.

January LOST 32 contracts to stand at 1982 contracts. FEBRUARY gained  251 contracts up TO 415,333.

THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR DECEMBER (93.524 tonnes).

We had  28 notice(s) filed today for  2800 oz OR 0.0870 TONNES.

FOR THE DEC 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 28  contract(s) of which  0  notices were stopped (received) by j.P. Morgan dealer and  0 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 DEC /2020. contract month, we take the total number of notices filed so far for the month (29,973) x 100 oz , to which we add the difference between the open interest for the front month of  (DEC 143 CONTRACTS ) minus the number of notices served upon today (28 x 100 oz per contract) equals 3,008,800 OZ OR 93.524 TONNES) the number of ounces standing in this active month of DEC

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

No of notices filed so far (29,973 x 100 oz 153 OI) for the front month minus the number of notices served upon today (28) x 100 oz which equals 3,008,800 oz standing OR 93.586 TONNES in this  active delivery month of December. This is a HUGE amount for gold standing for  DEC delivery month (generally the strongest delivery month of the year). THE COMEX IS UNDER A HUGE FRONTAL ATTACK FROM EUROPEAN BANKS SEEKING PHYSICAL METAL! 

We gained 20 contracts or an additional 2000 oz (.0622 tonnes) will stand in this active delivery month of December. For the entire month queue jumping was non existent.  Finally, in the last two days we have small queue jumping and that has caused our gold tonnage standing for delivery to increase.

NEW PLEDGED GOLD:  BRINKS

474,325.020, oz NOW PLEDGED  SEPT 15.2020/HSBC  14.7 TONNES

69,076.803 PLEDGED  APRIL 3/2020: SCOTIA:2.148 TONNES

282,450.845 oz  JPM  8.78 TONNES

970,839.799 oz pledged June 12/2020 Brinks/30.198 TONNES

69,423.136 oz Pledged August 21/regular account 1.96 tonnes JPMORGAN

180,150,379 oz Pledged Nov 27.2021 MANFRA  5.56 TONNES

6308.08 oz International Delaware:  .196 tonnes

total pledged gold:  2,052,582.012. oz                                     63.84 tonnes

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 528.59 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 93.586 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

total registered or dealer  19,046,795.939 oz or 592.43 tonnes
total weight of pledged:  2,052,582.012 oz or 63.84 tonnes
thus:
registered gold that can be used to settle upon: 16,994,213.0  (528,59 tonnes)
true registered gold  (total registered – pledged tonnes  16,994.213.0 (528.59 tonnes)
total eligible gold:  19,113,440.679 oz (594.50 tonnes)

total registered, pledged  and eligible (customer) gold  38,160,236.618 oz 1,186.94 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1060.60 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
Dec 28/2020

And now for the wild silver comex results

And now for the wild silver comex results

INITIAL STANDINGS

DEC. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

END

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
998.088 oz
Delaware
Deposits to the Dealer Inventory
NIL oz
Deposits to the Customer Inventory
NIL oz
No of oz served today (contracts)
5
CONTRACT(S)
(25,000 OZ)
No of oz to be served (notices)
118 contracts
 590,000 oz)
Total monthly oz silver served (contracts)  9273 contracts

46,365,000 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 0 deposits into the customer account (ELIGIBLE ACCOUNT)

i(Into JPMorgan: 0)
ii) into everybody else: 0

JPMorgan now has 192.187 million oz of  total silver inventory or 48.61% of all official comex silver. (192.18 million/3959389 million

total customer deposits today:  nil    oz

we had 1 withdrawals:

i) Out of Delaware:  998.088  oz

total withdrawals 998.088      oz

We had 0 adjustments

Total dealer(registered) silver: 152.688million oz

total registered and eligible silver:  395.937 million oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

December saw a LOSS of  90 contracts DOWN to 123 contracts. We had 77 notices served upon yesterday so we LOST 13 contracts or AN ADDITIONAL 65,000 oz will NOT stand in this very active delivery month of December as BANKERS GIVE UP SEARCHING FOR silver over here

January saw a LOSS of  7 contracts DOWN to 1283. FEBRUARY saw another gain of 18 contracts to stand at 359.  MARCH  LOST 318 contracts up to 142,802.

The total number of notices filed today for DEC 2020. contract month is represented by 5 contract(s) FOR 25,000 oz

To calculate the number of silver ounces that will stand for delivery in DEC we take the total number of notices filed for the month so far at 9273 x 5,000 oz = 46,365,000 oz to which we add the difference between the open interest for the front month of DEC ( 123) and the number of notices served upon today 5x (5000 oz) equals the number of ounces standing.

Thus the DEC standings for silver for the DEC/2019 contract month: 9273 (notices served so far) x 5000 oz + OI for front month of DEC(123)- number of notices served upon today (5) x 5000 oz of silver standing for the NOV contract month .equals 46,955,000 oz. ..VERY STRONG FOR AN ACTIVE  DEC MONTH.

We LOST 13 contracts or 65,000 additional oz will NOT  stand as our banker friends GIVE UP searching out for metal on this side of the pond. These longs accepted a long based forward contracts and received a fiat bonus for their efforts..

TODAY’S ESTIMATED SILVER VOLUME 36.643 CONTRACTS // volume poor//

FOR YESTERDAY  78,993  ,CONFIRMED VOLUME// poor

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- 2.85% ((DEC 28/2020)

2. Sprott gold fund (PHYS): DISCOUNT to NAV  RISES TO 1.59% to NAV:   (DEC 28/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/2.85% (DEC 28)

(courtesy Sprott/GATA

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

NAV 19.74 TRADING 19.13///NEGATIVE 3.11

END

And now the Gold inventory at the GLD

DEC 28WITH GOLD DOWN $3.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC 24/WITH GOLD UP $6.15 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC.23/WITH GOLD UP $7.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD//INVENTORY RESTS AT 1167.53 TONNES

DEC 22/WITH GOLD DOWN $12.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPSOIT OF 2.04 TONNES INTO THE GLD//INVENTORY RESTS AT 1169.86 TONNES

DEC 21/WITH GOLD DOWN $5.60 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1167.82 TONNES

DEC 18/WITH GOLD DOWN 90 CENTS TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD////INVENTORY RESTS AT 1167.82 TONNES

DEC 17 WITH GOLD UP $39.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD////INVENTORY RESTS AT 1167.82 TONNES

DEC 16/WITH GOLD UP $2.55 TODAY A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: ANOTHER WITHDRAWAL OF 1.17 TONNES FORM THE GLD..//INVENTORY RESTS AT 1170.15 TONNES

DEC 15/ WITH GOLD UP $23.75 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.67 TONNES FROM THE GLD//INVENTORY RESTS AT 1171.32 TONNES//

DEC 14//WITH GOLD DOWN $10.45 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD:: A WITHDRAWAL OF 3.79 TONNES FROM THE GLD//INVENTORY RESTS AT 1175.99 TONNES

DEC 11/WITH GOLD UP $5.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES

DEC 10/WITH GOLD DOWN $2.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1179.78 TONNES

DEC9/ WITH GOLD DOWN $35.30 TODAY, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES

DEC 8//WITH GOLD UP $9.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: ANOTHER WITHDRAWAL OF 3.52 TONNES FROM THE GLD/INVENTORY RESTS AT 1179.78 TONNES// THIS IS AN ABSOLUTE FRAUD TO THE HIGHEST DEGREE AND SIMILAR TO THE THEFT OF THE USA ELECTION.!!

DEC 7/WITH GOLD UP $29.55 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 7.12 TONES OF GOLD FROM THE GLD///INVENTORY RESTS TONIGHT AT 1182.70 TONNES

DEC4//WITH GOLD DOWN $1.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY: A WITHDRAWAL OF 1.46 TONNES FROM THE GLD// RESTS AT 1189.82 TONNES.

DEC 3/WITH GOLD UP $10.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS  TONIGHT AT 1191.28 TONNES

DEC 2/WITH GOLD UP $12,00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 3.51 TONNES FROM THE GLD//INVENTORY RESTS AT 1191.28 TONNES

DEC 1//WITH GOLD UP $38.55 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLDE//INVENTORY RESTS AT 1194.78 TONNES

NOV 30/WITH GOLD DOWN $11.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1194.78 TONNES

NOV 27/WITH GOLD DOWN $18.90 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.96 TONNES OF GOLD FROM THE GLD…//INVENTORY RESTS AT 1194.78 TONNES

NOV 25//WITH GOLD UP $0.05 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE PAPER WITHDRAWAL OF 13.43 TONNES FROM THE GLD..IS THE GLD MAKING GOLD VAPOUR DELIVERIES FOR THE COMEX?//INVENTORY REST AT 1199.74 TONNES

NOV 24/WITH GOLD DOWN $33.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 7.00 TONNES FROM THE GLD//INVENTORY RESTS AT 1213.17 TONNES

NOV 23/WITH GOLD DOWN $33.95 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.9 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 1220.17 TONNES

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at

DEC 28/ GLD INVENTORY 1167.53 tonnes

LAST;  972 TRADING DAYS:   +223.46 TONNES HAVE BEEN ADDED THE GLD

LAST 872 TRADING DAYS// +400.62  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

Now the SLV Inventory

DEC 28/WITH SILVER UP 57 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/:

////INVENTORY RESTS AT 554.951 MILLION OZ//

DEC 24/WITH SILVER UP 4 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.51 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 554.951 MILLION OZ//

DEC 23/WITH SILVER UP 33 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.461 MILLION OZ//

DEC 22/WITH SILVER DOWN 74 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 557.461 MILLION OZ/

DEC 21/WITH SILVER UP 30 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: ADEPOSIT OF 3.253 MILLION OZ INTO THE SLV.//INVENTORY RESTS AT 557.461 MILLION OZ/

DEC 18/WITH SILVER DOWN 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6.228 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 554.208MILLION OZ

DEC 17//WITH SILVER UP $1.06 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 16/WITH SILVER UP 42 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 15/WITH SILVER UP 55 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 14/WITH SILVER DOWN 5 CENTS  TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//

DEC 11/WITH SILVER UP 1 CENT TODAY: TWO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.859 MILLION OZ IN THE MORNING AND A LATE WITHDRAWAL OF 1.394 MILLION OZ FROM THE SLV ////INVENTORY RESTS AT 547.98- MILLION OZ..

DEC 10./WITH SILVER UP 8 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 551.233 MILLION OZ//

DEC 9/ WITH SILVER DOWN 76 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.974 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 551.233 MILLION OZ.

DEC 8/WITH SILVER UP 1 CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESS AT 548.259 MILLION OZ//

DEC 7/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.259 MILLION OZ//

DEC4// WITH SILVER UP 11 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.953 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 548.259 MILLION OZ//

DEC 3//WITH SILVER UP  4 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 236,000 OZ/INVENTORY RESTS AT 546.306 OZ

DEC 2/WITH SILVER UP ONE CENT TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.231 MILLIONOZ INTO THE SLV//INVENTORY RESTS AT 546.542 MILLION OZ//

DEC 1/WITH SILVER UP $1.46 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.311 MILLION OZ/

NOV 30/WITH SILVER DOWN 15 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.311 MILLION OZ.

NOV 27/WITH SILVER DOWN $0.69 TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 1.813 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 544.311 MILLION OZ.

NOV 25/WITH SILVER UP $0.05 TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.091 MILLION PAPER OZ FROM THE SLV //// IS THE SLV MAKING SILVER VAPOUR DELIVERIES FOR THE COMEX?//INVENTORY RESTS AT 550.215 MILLION OZ..

NOV 24/WITH SILVER DOWN 33 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 10.322 MILLION OZ FROM THE SLV..//INVENTORY REST AT 550.215 MILLION OZ

AND IF ANYBODY BELIEVES THIS GARBAGE, WE HAVE A GREAT PROPERTY TO SELL YOU (FLORIDA SWAMP LANDS).

NOV 23/WITH SILVER DOWN $.70 TODAY: A HUGE CHANGE IN SILVER AT THE SLV; A WITHDRAWAL OF 2.046 MILLION OZ FROM//INVENTORY RESTS AT 562.583 MILLION OZ

DEC 28.2020:

SLV INVENTORY RESTS TONIGHT AT  554.951 MILLION OZ

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

ii) Important gold commentaries courtesy of GATA/Chris Powell

This is a must read:  Alasdair Macleod discusses money and how the USA is now heading for hyperinflation.

(Alasdair Macleod)

Alasdair Macleod: Central banks will shun bitcoin and return to gold

 Section: 

The Psychology of Money

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Wednesday, December 23, 2020

The world stands on the threshold of monetary hyperinflation with the U.S. dollar leading the way. The final months of fiat money are coming into view.

What will replace the currencies — bitcoin or gold?

This article argues that the solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat but as credible gold substitutes.

Central banks own no bitcoin, which effectively rules it out. Central banks may try their own equivalents, central bank digital currencies, but they are simply another form of fiat money and will also fail — assuming there is enough time for them to be introduced.

In any event, the eventual replacement for fiat money needs to be beyond government control (other than the state acting as a monetary trustee, ensuring that gold coins are always available for exchange) and flexible enough for its users to collectively set the quantity that acts as money.

A formulaic medium such as bitcoin does not provide this flexibility, but gold clearly does and has proved its suitability in the past. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/the-psychology-of-…

end

With negative rates: lenders start charging for everything else as they search for pennies under the soafa

(Bloomberg news)

When money is free, lenders start charging for everything else

 Section: 

By Charlie Devereux, Charlie Wells, and Stefania Spezzati
Bloomberg News
Wednesday, December 23, 2020

In normal times, bankers who oversee assets exceeding $1 trillion wouldn’t be groping for loose change under the sofa.

But in the banking equivalent of hunting for pennies, European financial giants like Banco Santander SA and ING Groep NV are looking to squeeze more revenue from depositors.

… 

Introducing charges and increasing fees show how a future of sub-zero interest rates is forcing euro-area banks to transfer more costs to clients. While the tactics could backfire by accelerating a shift of depositors into low-cost neobanks, they may help traditional lenders sell more lucrative products.

For a banker, “if you have only a current account with me, I lose money,” said Angel Corcostegui, former Santander CEO and founder of private equity firm Magnum Capital Industrial Partners. “Banks need to be a clearer about the costs they assume.”

The move toward more fees will most likely have more impact on those who don’t have a steady paycheck or the means to buy financial products, said Patricia Suarez, president of financial consumer watchdog Asufin. “They’re separating more profitable clients from the less profitable ones,” she says.

In Spain, Santander will introduce a monthly charge in the new year of as much as 20 euros on current accounts for customers who don’t meet certain criteria, which include paying in salary and buying at least one other financial product.

Banco Bilbao Vizcaya Argentaria SA is starting to charge customers over 29 years old who don’t pay in their salaries and use the account to pay bills. It will also begin charging 2 euros for using cashier services and 0.4% on transfers. …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2020-12-23/when-money-is-free-le…

END

Quite a figure;  USA banks in the past 20 years have racked up $200 billion in fines and penalties

(London’s financial times/GATA)

U.S. banks rack up $200 billion in fines and penalties over 20 years

 Section: 

By Laura Noonan
Financial Times, London
Thursday, December 24, 2020

The six largest U.S. banks are close to hitting a milestone $200 billion paid out in fines and penalties globally since the turn of the century, according to a new tally by advocacy group Better Markets.

The report card from the Washington-based group, founded to hold banks to account in the aftermath of the 2008 financial crisis, covers Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. Together they have paid $195 billion since 2000, disbursed among government agencies and the investors and consumers harmed by their conduct.

Better Markets chief executive Dennis Kelleher says the report also shows the banks’ behaviour is deteriorating, because it finds their conduct since the financial crisis has triggered more major legal actions than their behaviour before it.

Banks were hit with 85 major legal complaints for activities between 2000 and the financial crisis and 110 cases for activities related to the crisis period of 2008-2012, including mega-settlements for mis-selling mortgage bonds.

Another 204 legal actions have been concluded for activities that took place after 2012, Better Markets found. …

… For the remainder of the report:

https://www.ft.com/content/989035f3-767a-43c2-b12e-2f6c0be0aa6b

end

iii) Other physical stories:

SATURDAY/BITCOIN SURPASESS $25,000

Bitcoin Surges Above $25k, Surpasses Visa’s Market Cap

SATURDAY, DEC 26, 2020 – 10:45

Bitcoin continues to surge higher…

Source: Bloomberg

…topping $25,000 for the first time this morning, as the holidays do nothing to dampen demand for the leading cryptocurrency…

Source: Bloomberg

However, the love is not being shared across the rest of the crypto spacewith Ethereum now at its lowest relative to Bitcoin June

Source: Bloomberg

And as Bitcoin’s price rises, so does its total capitalization, which, as CoinTelegraph’s Joseph Young points out,  now exceeds the market cap of Visa at $460 billion…

image courtesy of CoinTelegraph

Visa, the financial services giant, is valued at $460.06 billion according to Yahoo Finance. As of Dec. 26, Bitcoin is comfortably hovering above $462 billion.

But is Visa and Bitcoin an apt comparison?

Bitcoin is essentially a peer-to-peer software protocol while Visa is a for-profit corporation. Some may argue that a direct comparison between the two is not apt as they are fundamentally different.

But Bitcoin surpassing the valuation of Visa is symbolic above all else and the current market cap of Bitcoin would theoretically make it the thirteenth-largest company in the world.

Meanwhile, throughout 2020, the institutional interest in Bitcoin has been surging. At a point where the institutional demand for Bitcoin continues to increase exponentially, the surpassing of Visa’s market cap could further boost the confidence around Bitcoin among institutions.

More institutions and accredited investors have been gaining exposure to Bitcoin through Grayscale and the CME Bitcoin futures market. The assets under management of Grayscale is nearing $17 billion, as the open interest of the CME Bitcoin futures market consistently remains above $1 billion.

Visa has also shown more enthusiasm toward crypto in recent months, following Square and PayPal’s support for Bitcoin.

For instance, Wirex, the crypto Visa debit card issuer, became a principal member of Visa in Europe. Cuy Sheffield, the senior director and head of cryptocurrency at Visa, said:

“Digital currencies have the potential to extend the value of digital payments to a greater number of people and places. We’re excited to work with innovative Fintechs like Wirex and enable their customers to use digital currencies at more than 61 million merchants on the Visa network.”

On-chain data hints at where BTC is heading next

In the near term, traders and on-chain analysts say that Bitcoin’s trajectory remains optimistic.

Analysts at Intotheblock identified $23,069 and $23,377 as the key support levels for BTC in the near future. They wrote:

“Bitcoin has been able to sustain above $23,000. The IOMAP indicator supports that premise as is showing a strong level of support at the range between $23,069 and $23,377.1, where almost 900 thousand addresses previously acquired 796 thousand $BTC.”

Bitcoin support levels based on on-chain data. Source: IntoTheBlock

As long as Bitcoin stays above the critical support areas, traders anticipate the cryptocurrency market to see a broader rally.

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, expects the total cryptocurrency market capitalization to soon break its all-time high of around $780 billion. He said:

“The total #crypto market capitalization is looking extremely bullish as it has been testing the all-time high region. Levels to watch are $550 and $450 billion. Any of these regions are buy dip opportunities. If these holds, next run will bring the market above ATH.”

Finally, we note that while Bitcoin’s surge is surprising to many, it is in fact merely catching up to the stock-to-flow model’s estimate of fair-value

Source

As Galaxy Digital CEO Mike Novogratz said on Thursday, the Bitcoin bull market has proven resilient to the recent wave of anti-crypto rhetoric coming from Capitol Hill: “It tells you about how powerful this bull market is […] They are throwing lots at the system, and it’s not actually impacting it.”

end

SUNDAY/BITCOIN TOPS $28,000 

Now trading around $27,400. (Sunday)

Ethereum Surges As Bitcoin Tops $28k and Crashes

SUNDAY, DEC 27, 2020 – 10:50

Bitcoin  has been stealing the spotlight in recent weeks as it has soared to record-er and record-er heights, but overnight saw a ‘regime-shift’ as Bitcoin topped $28,500…

Source: Bloomberg

…before crashing over $2,000 lower, only to be bought back…

Source: Bloomberg

Bitcoin’s surge had pushed it above its stock-to-flow model estimate…

Source

Some still have even bigger plans…

While Ethereum surge to a fresh cycle high…

Source: Bloomberg

Its highest since May 2018…

Source: Bloomberg

This was a very notable reversal in the recent trend of Bitcoin outperformance…

Source: Bloomberg

As Ethereum seemed to find support again at 0.025 Bitcoins…

Source: Bloomberg

Bitcoin’s surge in price pushed it above the $500 billion market cap level for the first time…

Source: CoinMarketCap

With institutional investors taking a break, talk turned to retail buyers fuelling the latest phase of the Bitcoin bull run.

“The bull cycle of bull cycles has started, as more and more players are starting to adopt towards Bitcoin and cryptocurrencies,” Cointelegraph Markets analyst Michaël van de Poppe summarized to Twitter followers.

But, judging by the GoogleTrends data, this remains an institutional story, very different from 2017…

Finally, this looks set to be the biggest gap open in Bitcoin futures markets ever as spot prices have surged an incredible $4000 since Bitcoin Futures closed on Thursday…

Source: Bloomberg

$2.3 billion worth of Bitcoin futures expired on Christmas day, which historically has led to choppy markets, but we suspect some serious margin calls are still on their way.

With the end of the year looming, some fund managers may also be buying BTC so they can brag next year about being smart enough to get in in 2020 while neglecting to say at which price they had done so.

end

Thursday’s Brexit!

Posted December 28th, 2020 at 8:31 AM (CST) by J. Johnson & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

     February Gold was trading higher, in fact, it rallied all the way up to $1,904.10 gaining $20.90. Then exactly at 9 pm Est the prices got Shanghai’d, as the brakes got applied, then the reverse, with the trade now down $4.20 at $1,879.10, and recovering from the London low at $1,873. March Silver’s movement upward was also stopped, with the high at $26.98, and the low at $26 with the last price at $26.46, up 55.2 cents. The US Dollar hasn’t moved much at all, with the trade valued at 90.235, down 1.5 points after hitting a high of 90.315 and the low point at 89.895. Of course, all this happened before 5am pst, the Comex open, the London close, and after the EU nations quickly and unanimously approve the Christmas Brexit deal, which btw, goes into effect this coming Thursday, the very last day of the year.

      Gold’s value under the Venezuelan Bolivar is now priced at 18,767.51, gaining 18.97 Bolivar since last Thursday with Silver adding 6.282 Bolivar with the last trade at 264.269. Gold’s price under the Argentine Peso also gained 5.69 with its last trade at 156,469.48 A-Peso’s with Silver popping in an additional 50.09 A-Peso’s with its last price at 2,203.31. Turkey’s last price for Gold is at 13,985.79 T-Lira, which gives the noble metal a 196.6 discount from Thursdays price with Silver’s last trade at 196.932, a gain of 1.807 T-Lira. We expect wider swings and heavy volatility moving forward, stay tooned.

      December Silver’s Delivery Demands are now at 123 fully paid for 5,000-ounce contracts waiting for receipts and with a Volume of 2 up on the board with the trading range between $26.80 and $26.475 with the last buy at the low, a gain of 66.4 cents, so far today. Thursday’s partial day of deliveries, had no price posted, but we did get a total Volume of 66 as a Resolute buyer “exited the short side of a spread trade” right into the deliveries. We also have a reduction in the demand count as 90 agreements, got receipts (+66), maybe. Silver’s Overall Open Interest had 192 contracts leaving the Comex giving us an early morning total of 168,748 shorts to trade against the physicals, and with one more day of delivery to go for the December contracts. Oddly, January futures are strong, with a total of 1,283 contracts still trading on margins, until this Thursday’s Brexit.

      December Gold’s Delivery Demands now has a total of 143 fully paid for 100-ounce contracts still waiting for receipts and with 1 more “buy”, being added this morning at $1,895.50, a gain of $15.60 while all that paper pushes the futures prices lower. Thursday’s activity happened in between $1,879.90 and $1,875.70 with the last buy at the high, a gain of $5.20 that had a total of 46 contracts being swapped helping to reduce the demand count by 126 contracts, that may have gotten receipts somewhere. Gold’s Overall Open Interest shows the issues behind the prices proving another 1,128 paper shorts had to be added bringing today’s early morning total to 563,511 contracts to trade against what’s left of the physicals. We wonder if those 12,493 January Gold Call Options at the $1,850 Strike, mean anything, or any of the other thousands of deep in the money Calls being settled today?

      Yesterday at 3:21 pm, Trump signed the CCP19 Relief Bill, and Zerohedge is claiming it’s supporting the markets. We’re waiting to see who didn’t get their pork barrel products or who got more? Before that twitter feed, Trump posted “See you in Washington, DC, on January 6th. Don’t miss it. Information to follow!” What could he mean by this? Stay tooned, because this week is already chock a block full of crazy, and it’s only Monday, with our precious metals benefitting from it all.

     Enjoy the day, and keep your metals close, as always…

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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

end

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 6.5413 /

//OFFSHORE YUAN:  6.5412   /shanghai bourse CLOSED UP 0.72 PTS OR .02%

HANG SANG CLOSED DOWN 71.93 PTS OR .27%

2. Nikkei closed UP 197.42 POINTS OR 0.74%

3. Europe stocks OPENED ALL GREEN/

USA dollar index DOWN TO 90.28/Euro RISES TO 1.2205

3b Japan 10 year bond yield: RISES TO. +.02/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 107.85/ 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:: 48.72 and Brent: 51.73

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 -.55%/Italian 10 yr bond yield DOWN to 0.55% /SPAIN 10 YR BOND YIELD DOWN TO 0.06%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.10: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.65

3k Gold at $1878.10 silver at: 26.40   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 36/100 in roubles/dollar) 73.70

3m oil into the 48 dollar handle for WTI and 51 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 103.62 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 .8901 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0864 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 FALLING to 0.55%

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 0.956% early this morning. Thirty year rate at 1.707%

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

6.  TURKISH LIRA:  UP  TO 7.45..

Futures, Global Stocks Jump After Trump Signs Coronavirus Stimulus Package

MONDAY, DEC 28, 2020 – 7:53

Global stocks jumped and US equity futures spiked in light overnight trading, after President Trump unexpectedly signed the $2.3 trillion spending package on Sunday evening and as investors continued to celebrate a last-minute trade deal clinched between Britain and the European Union.

By backing off from his previous threat to block the bipartisan bill, Trump allowed millions of Americans to continue receiving unemployment benefits and averted a federal government shutdown. The stimulus “could be supportive of the market, supportive of the U.S. economy,” said Suresh Tantia, strategist at Credit Suisse Group AG. “Next year all the building blocks are there for markets to continue this rally.”

“As the coronavirus pandemic has shown little sign of abating, the emergency aid was needed to avoid a sharp slowdown in the economy during the first quarter,” said Nobuhiko Kuramochi, market strategist at Mizuho Securities.  “It would have been unsettling if we hadn’t had it by the end of year,” he added.

The rollouts of COVID-19 vaccines were also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday, which however has been met with rising skepticism. Despite aggressive vaccine rollouts, more restrictions are being imposed to fight the spread of the new, more infectious strain. Japan is among the latest to act, banning the entry of most foreigners through the end of January. Meanwhile, the European Union kicked off a continent-wide vaccination campaign less than a week after clearing a shot developed by Pfizer Inc. and BioNTech SE.

The MSCI world index rose 0.3% boosted by strong opening gains in Europe and a positive session in Asia overnight, although trading was thinner due to the holiday season.

The euro STOXX index rose 0.9% in the first trading session after London and Brussels signed an eleventh hour deal on Thursday evening that preserves zero tariff access to each other’s markets. Germany’s DAX Index climbed to a record while British markets were closed for the Boxing Day holiday.

“We can finally move on from the Brexit drama,” said Win Thin, global head of currency strategy at Brown Brothers Harriman. “After the last-minute deal was struck last week, the UK parliament will vote on the deal Wednesday. With (opposition party) Labour promising its support, it should pass handily,” he added.

Earlier in the session, Asian stocks rose after capping their first weekly drop in two months Friday. Stock  markets in Indonesia, Taiwan and India led a broad regional advance as the MSCI Asia Pacific Index climbed 0.4% with Japan’s Nikkei advancing 0.7% and China also rising, helped by strong industrial profit data. Gains in Samsung Electronics and Taiwan Semiconductor Manufacturing helped a gauge of regional technology names rally more than 1%. IT was the best-performing sector even as Alibaba tumbled, leading a selloff in Chinese tech giants, triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire.

An index of Asian communication services stocks was the sole loser among industry groups. Tencent Holdings slid more than 6% to be the biggest drag on the measure. Meanwhile, utilities and finance were the other top-performing industry groups in Asia Monday. Stocks in the Philippines and Thailand bucked the region’s rising trend amid concerns over virus outbreaks and related restrictions in those countries. Philippine President Rodrigo Duterte said he’s open to reinstating tighter movement curbs if coronavirus infections spike. Markets in Australia and New Zealand remained closed for holiday.

In FX, the dollar fell 0.2% to 90.028; analysts believe the dollar will stay under pressure as investors bet on a prolonged period of loose U.S. monetary policy.  The euro was up 0.1% at $1.2206, a tad below its 2-1/2-year high of $1.22735, while the yen changed hands at 103.41 per dollar. The British pound slumped in anticipation of the EU-UK trade deal, as traders sold the news pushing cable to 1.3487, down 100 pips on the session.

In rates, 10-year yields rose to 0.9581% and 10-year German bund yields inched lower to -0.550%. Treasuries opened lower with the curve steeper after Trump relented on the stimulus deal, with a compressed Treasury auction cycle (2- and 5-year notes Monday, 7-year notes Tuesday) totaling $176 billion is an additional headwind. Yields are higher by nearly 4bp at long end, leaving 2s10s and 5s30s spreads wider by 2bp-3bp; 10-year ~0.955%, 3bp cheaper vs. Dec. 24 close

In commodities, oil prices rose, with Brent crude futures up 0.7% at $51.67 per barrel and U.S. crude futures up 0.8%. Precious metals were flat despite gold rising 1.3% at one point to a one week high as investors welcomed Trump’s signing of the pandemic aid bill, with a weaker dollar lending further support. However, they have since given up all gains. One can’t say the same thing for cryptos however, with the entire sector continuing its relentless surge higher. Bitcoin, which hit a new record high over the weekend, was up 2.2% at $26,876, bringing the total value of the cryptocurrency in circulation to over $500 billion.

No major economic data releases or U.S. company earnings are expected.

Market Snapshot

  • S&P 500 futures up 0.6% to 3,716.75
  • STOXX Europe 600 up 0.6% to 398.31
  • German 10Y yield unchanged at -0.547%
  • Euro up 0.4% to $1.2239
  • Brent Futures up 1.1% to $51.83/bbl
  • Italian 10Y yield unchanged at 0.474%
  • Spanish 10Y yield fell 0.5 bps to 0.068%
  • MXAP up 0.4% to 195.53
  • MXAPJ up 0.08% to 644.47
  • Nikkei up 0.7% to 26,854.03
  • Topix up 0.5% to 1,788.04
  • Hang Seng Index down 0.3% to 26,314.63
  • Shanghai Composite up 0.02% to 3,397.29
  • Sensex up 0.8% to 47,353.04
  • Australia S&P/ASX 200 up 0.3% to 6,664.77
  • Kospi up 0.06% to 2,808.60
  • Brent Futures up 1.1% to $51.83/bbl
  • Gold spot down 0.01% to $1,883.24
  • U.S. Dollar Index down 0.2% to 90.03

Top overnight news from Bloomberg

  • Prime Minister Boris Johnson said major changes are coming in the U.K. as the result of the trade deal his government negotiated with the European Union, completing the country’s separation from the bloc, the Telegraph reported. Major Issues the Brexit Deal Leaves Unresolved
  • A coordinated vaccination campaign is under way in Europe, just days after the European Union cleared a shot developed by Pfizer Inc. and BioNTech SE. The U.K. could clear AstraZeneca Plc’s vaccine as early as this week
  • Japan’s industrial production failed to eke out an overall gain in November, slowing more than expected from previous advances amid a resurgence in the coronavirus at home and abroad
  • Oil fell in Asian trading as pessimism over a new strain of Covid-19 that’s threatening more travel restrictions outweighed the passage of a U.S. stimulus bill into law

US Event Calendar

  • 10:30am: Dallas Fed Manf. Activity, est. 10.2, prior 12

end

3A/ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT: 

SHANGHAI CLOSED UP 0.72 PTS OR .02%   //Hang Sang CLOSED DOWN 71.93 PTS OR .27%    /The Nikkei closed UP 197.42 POINTS OR 0.74%//Australia’s all ordinaires CLOSED UP 0.36%

/Chinese yuan (ONSHORE) closed UP AT 6.5413 /Oil UP TO 48.72 dollars per barrel for WTI and 51.73 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED  UP AGAINST THE DOLLAR AT 6.5413. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5412 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

Japan issues a complete ban on non nationals entering its country as they try to battle a super covid strain.

(zerohedge)

Japan Issues Complete Ban On Non-Nationals Entry To Battle ‘Super COVID’ Strain

SATURDAY, DEC 26, 2020 – 9:55

As anxiety over new, reportedly more contagious, strains of COVID builds around the world – and with it the spread of travel blockades for British travelers – Japan just went to ’11’ on the “better safe than sorry” scale by banning all new entries by non-Japanese nationals through the end of January.

The ban will be in effect from Monday.

On Saturday, Nikkei report that, according to the government, Japan’s capital reported a record 949 new cases, with reports saying two more people, in addition to five confirmed on Friday, were found to be infected with the new strain.

Since October, Japan has allowed entry by those staying for at least three months on the condition that they quarantine for 14 days.

Japanese nationals and foreigners living in Japan will be permitted to return to the country, but now the issuance of all such long-term visas will be suspended.

Of course, the question everyone is asking is (or would be if President Trump had issued such an order), is it racist? We look forward to President Biden’s decision.

end

3 C CHINA

CHINA/

There is no such thing as freedom of speech in China.  A reporter who covered the Coronavirus pandemic in Wuhan last year has been sentenced to 4 years in jail over her reporting. USA folks should take note!!

“Picking Quarrels & Provoking Trouble” – China Slams Journalist With 4 Years In Jail Over COVID Reporting

MONDAY, DEC 28, 2020 – 8:40

At the beginning of the pandemic, the Communist Party filled the airwaves with positive headlines about how well it was mitigating the virus’ spread. The Chinese government also went on a censoring spree, removing online content posted by journalists or citizen-journalist who reported firsthand accounts of the public health crisis unfolding in Wuhan, China, the epicenter of COVID-19. The government even went to the extent of detaining people who reported on the crisis, alleging they were spreading lies.

Citizen journalist Zhang Zhan is the first known person to be handed a four-year jail term for her reporting in Wuhan.

Zhang Zhan. Source: Handout

Zhan provided firsthand accounts of overcrowded hospitals and empty streets that challenged the government’s official narrative.

She was convicted on Monday at the Shanghai Pudong New Area People’s Court for “picking quarrels and provoking trouble,” according to Reuters.

The verdict is a warning to all journalists in the country that the communist government is coming after those who exposed their shortcomings during the initial months of the virus outbreak. More importantly, Zhan’s case shows the government has a zero-tolerance policy for critics.

“I don’t understand. All she did was say a few true words, and for that she got four years,” said Shao Wenxia, Zhan’s mother, who attended the trial. 

Zhan’s lawyer Ren Quanniu was quoted by Reuters:

“We will probably appeal,” adding that the trial at a court in Pudong, a district of the business hub of Shanghai, ended at 12.30 p.m.

Before the trial, he said, “Zhan believes she is being persecuted for exercising her freedom of speech.”

Kenneth Roth, the Geneva-based executive director of Human Rights Watch, tweeted that China intentionally planned for Zhan’s trial to be held over the Western holiday to minimize attention.

“Beijing’s selection of the sleepy period between Christmas and New Year’s suggests even it is embarrassed to sentence citizen-journalist Zhang Zhan to four years in prison for having chronicled the uncensored version of the coronavirus outbreak in Wuhan,” tweeted Roth. 

Zhang is among a handful of journalists who covered the outbreak in Wuhan. Others like her have been detained and are awaiting sentencing or ordered by the government to stop reporting.

For its part, Jonathan Turley writes that the Chinese government has denied any failures in its policies towards COVID despite overwhelming evidence of a cover-up that denied the world critical time to contain and fight the spread of the virus.

Notably, the Chinese continue to scrub any discussion of its role in social media. It is a chilling example of the censorship that is now being embraced by many in the United States. The Atlantic published an article by Harvard Law School professor Jack Goldsmith and University of Arizona law professor Andrew Keane Woods calling for Chinese style censorship of the internet.  They declared that “in the great debate of the past two decades about freedom versus control of the network, China was largely right and the United States was largely wrong” and “significant monitoring and speech control are inevitable components of a mature and flourishing internet, and governments must play a large role in these practices to ensure that the internet is compatible with society norms and values.”

At the same time, Democrats have embraced censorship and speech controls. We have have been discussing how writerseditorscommentators, and academics have embraced rising calls for censorship and speech controls, including President-elect Joe Biden and his key advisers. The erosion of free speech has been radically accelerated by the Big Tech and social media companies. The level of censorship and viewpoint regulation has raised questions of a new type of state media where companies advance an ideological agenda with political allies.

END

CHINA/USA

China’s tentacles are everywhere in the Democratic party

(investmentwatch.blog)

special thanks to Robert H for sending this to us!

https://www.investmentwatchblog.com/chinas-tendrils-are-everywhere-in-the-democratic-party/China’s tendrils are everywhere in the Democratic Party.

COLLUSION: Ossoff’s China ties compound Democratic Party’s Hunter Biden, Swalwell woes.

Democratic Senate candidate Jon Ossoff is fighting Republican attacks over his business ties to China as the Georgia runoff nears, but the Hunter Biden and Eric Swalwell scandals involving Beijing aren’t making it any easier.

Mr. Biden, the president-elect’s son, and California Democratic Rep. Swalwell have kept stories about Beijing’s influence in the news, lending oxygen to Republicans hammering Mr. Ossoff‘s link to a Hong Kong conglomerate owned in part by the Chinese communist government.

Mr. Ossoff, a Democrat challenging Republican Sen. David Perdue in the Jan. 5 runoff, slipped a few points in the Dec. 18 poll by the Trafalgar Group, which pollster Robert Cahaly attributed primarily to the China issue. . . .

Alarm over Chinese influence soared starting in mid-October with new reports of Hunter Biden’s lucrative business deals with Beijing, followed by an Axios investigation earlier this month into a suspected Chinese spy who became chummy with some California Democrats, including Mr. Swalwell.

The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a state-run telecommunications provider.

Democrats Water Down Provisions Against Communist China in Defense Bill

READ  I’m sensing a pattern here. New strains of Chinese Virus pop up everywhere the Vaccine is being used.

House Democrats stripped down an anti-China bill that unanimously passed in the Senate by removing language reining in Chinese government influence on U.S. campuses.

The Senate’s National Defense Authorization Act included a provision that authorized the Department of Education to withhold funding from U.S. universities that host Chinese government-backed Confucius Institutes on campus. House Democrats removed the measure from the final version of the bill following negotiations. Louisiana senator John Kennedy (R.), who helped write the anti-Confucius Institute measure, said Democrats led by House Speaker Nancy Pelosi (D., Calif.) had “gutted” a key weapon to counter Chinese influence in academia.

“Communist China is still buying influence on U.S. campuses,” Kennedy said. “Yet Democrats gutted an NDAA amendment that would protect academic freedom and give U.S. colleges control over what Confucius Institutes teach on our soil.”

The NDAA provisions were originally part of the CONFUCIUS Act, which unanimously passed in the Senate in June. The House Democrats’ decision to water down the provisions comes after Pelosi stonewalled action on the CONFUCIUS Act for months, pushing her caucus to vote down Republican attempts to put it on the House floor. The attitude is consistent with Democratic leadership’s ambivalence when it comes to China-related issues: Pelosi and others have thus far ignored Republican requests to remove Rep. Eric Swalwell (D., Calif.) from the House Intelligence Committee after a report revealed that he unknowingly interacted with a Chinese spy.

Pelosi’s office did not respond to a request for comment.

end

4/EUROPEAN AFFAIRS

EUROPE

We brought this story to you on Thursday but it is worth repeating:  banks pressured by negative rates are killing customers with new fees

(zerohedge)

Pressured By Negative Rates, European Banks Are Bludgeoning Customers With New Fees

SATURDAY, DEC 26, 2020 – 7:35

Just because the financial system is being flooded with free money by various Central Banks, led by the Federal Reserve, doesn’t mean that banks and lenders have to stop squeezing extra cash from their depositors and borrowers.

And that’s exactly what they’re doing, according to Bloomberg.

New charges and increased fees are going to be a reality during sub-zero rates, Bloomberg noted while profiling banks like Banco Santander and ING Groep.

“If you only have a current account with me, I lose money. Banks need to be a clearer about the costs that they assume,” Angel Corcostegui, former Santander CEO and founder of private equity firm Magnum Capital Industrial Partners, said.

And of course, the move to more fees will disproportionately harm those with less income or savings. “They’re separating more profitable clients from the less profitable ones,” one financial watchdog said.

Santander is going to start implementing a monthly charge of as much as 20 euros for customers who don’t meet certain criteria, which includes “paying in salary and buying at least one other financial product.”

Banco Bilbao Vizcaya Argentaria is charging customers over 29 who don’t pay in their salaries and who use their account to pay bills. It’s also starting to charge 0.4% on transfers.

ING told customers in Spain it would be charging 10 euros per month on holdings over 30,000 euros if the customer “doesn’t use ING for their salary deposits or receive at least 700 euros a month in income.” And the banks are coming right out with it and blaming the manipulation of interest rates. For example, ING said: “The unusual economic moment in which interest rates (which set the price of money) have been going down endlessly.” 

Euro-area banks are also lopping on new costs. Deutsche Bank and Commerzbank lowered their threshold for fees last year. The Eurozone’s move to negative rates has “put pressure on lending revenue” and “burdened banks with billions in penalties for parking cash”, Bloomberg notes.

British expat business owner Michael Soffe said that in Spain: “Bank charges have risen quite substantially. And they all want you to have insurance with the banks.”

The cost increases have began to shift business to banks who work digitally. Their lower cost structures allow them thinner margins, which means less fees for customers.

Joe Fielding at Bain & Co. in New York said: “Whenever there is a negative customer experience in a traditional bank, it opens the door for someone to come along and do it better. Better in today’s terms is inevitably digital.”

Just another wonderful byproduct of the distortions created by manipulating interest rates..

end

EUROPE

European health workers and for that matter most Europeans are refusing to take the vaccine

(zerohedge)

Major Covid Vaccine Glitch Emerges: Most Europeans, Including Hospital Staff, Refuse To Take It

SUNDAY, DEC 27, 2020 – 21:50

All is not going according to plan in the biggest global rollout of what is arguably the most important vaccine in a century, and it is not just growing US mistrust in the covid injection effort that was rolled out in record time: an unexpected spike in allergic reactions to the Pfizer/BioNTech vaccine (and now, Moderna too) may prove catastrophic to widespread acceptance unless scientists can figure out what is causing it after the FDA’s rushed approval, and is also why as we reported yesterday, scientists are scrambling to identify the potential culprit causing the allergic reactions.

Making matters worse, Europe rolled out a huge COVID-19 vaccination drive on Sunday to try to rein in the coronavirus pandemic but even more Europeans than American are skeptical about the speed at which the vaccines have been tested and approved and reluctant to have the shot.

While the European Union has secured contracts drugmakers including Pfizer, Moderna and AstraZeneca, for a total of more than two billion doses and has set a goal for all adults to be inoculated next year, this is looking increasingly like a pipe dream: according to recent surveys, the local population has expressed “high levels of hesitancy” towards inoculation in countries from France to Poland, with many used to vaccines taking decades to develop, not just months.

“I don’t think there’s a vaccine in history that has been tested so quickly,” Ireneusz Sikorski, 41, said as he stepped out of a church in central Warsaw with his two children.

“I am not saying vaccination shouldn’t be taking place. But I am not going to test an unverified vaccine on my children, or on myself.”

Smart: why take the risk of getting vaccinated when others will do it, resulting in the same outcome.

Surveys in Poland, where distrust in public institutions runs deep, show that fewer than 40% of people planning to get vaccinated. Worse, according to Reuters on Sunday, only half the medical staff in a Warsaw hospital where the country’s first shot was administered had signed up. And if the doctors don’t trust the vaccine, one can be certain that the broader population will refuse to take it.

The situation is similar in Spain, one of Europe’s hardest-hit countries, where 28-year-old singer and music composer German summarizes the skepticism of a broad range of the population, and plans to wait for now.

“No one close to me has had it (COVID-19). I’m obviously not saying it doesn’t exist because lots of people have died of it, but for now I wouldn’t have it (the vaccine).”

A Christian Orthodox bishop in Bulgaria, where 45% of people have said they would not get a shot and 40% plan to wait to see if any negative side effects appear – meaning only 15% of the population will actually volunteer for a vaccine in the near future   is in the tiny minority when it comes to taking the vaccine.

“Myself, I am vaccinated against everything I can be,” Bishop Tihon told reporters after getting his shot, standing alongside the health minister in Sofia. He spoke about anxiety over polio before vaccination became available in the 1950s and 1960s.

To be sure, the establishment is pounding the table on why the vaccines are safe despite the record short time in development (even though not even the “scientists” can explain what is behind the spike in vaccine allergic reactions), and claiming that the new technology behind the mRNA vaccine is all one needs to know… when it is precisely this new technology that is sparking the skepticism.

“We’ll look back on the advances made in 2020 and say: ‘That was a moment when science really did make a leap forward’,” said Jeremy Farrar, director of the Oxford University Clinical Research Unit, which is backed by the Wellcome Trust. Oxford also received $750MM from Bill Gates in June in the billionaire’s quest to vaccinate the world against Covid.

Only problem: nobody in Europe seems to care about these “scientific” justifications.Independent pollster Alpha Research said its recent survey suggested that fewer than one in five Bulgarians from the first groups to be offered the vaccine – frontline medics, pharmacists, teachers and nursing home staff – planned to volunteer to get a shot.

An IPSOS survey of 15 countries published on Nov. 5 showed then that 54% of French would have a COVID vaccine if one were available. The figure was 64% in Italy and Spain, 79% in Britain and 87% in China.

Since then things have gone far worse, and a more recent IFOP poll  showed that only 41% people in France would take the shot. This means that a vast majority will not.

French Healthcare workers applaud Mauricette, a 78-year-old woman, after she received the first dose of the Pfizer-BioNTech coronavirus disease vaccine in the country.

Not even in Sweden, where public trust in authorities is absurdly and inexplicably high, is there a universal trust in the vaccine, with at least one in three saying they won’t get the shot: “If someone gave me 10 million euro, I wouldn’t take it,”Lisa Renberg, 32, told Reuters on Wednesday.

Meanwhile, in a paradoxical attempt to force more to sign up – not realizing that it will only have the precisely opposite effect – Polish Prime Minister Mateusz Morawiecki urged Poles on Sunday to sign up for vaccination, saying the herd immunity effect depended on them. Critics have accused Warsaw’s “nationalist leaders” of being too accepting of anti-vaccination attitudes in the past in an effort to garner conservative support. Well… let’s check back on said attitude in 10 years and see if perhaps it was the right one.

For now, however, the more European governments pressure their populations to get immunized, the fewer the people who will actually sign up and the worse the vaccine rollout will be, that much we can be 100% sure of.

end

EU/UK

EU nations unanimously approve the BREXIT deal. UK warns businesses to prepare for a bumpy ride

(zerohedge)

EU Nations Unanimously Approve Brexit Deal As UK Warns Businesses To “Prepare For A Bumpy Ride”

MONDAY, DEC 28, 2020 – 6:43

It has been two days since Brussels and London finally released the text of the draft trade deal struck between UK and the EU negotiators last week, and on Monday morning, EU leaders officially signed off on the deal, clearing one of the last major hurdles for what is expected to be a historic trade deal.

Germany, which presently holds the EU presidency, announced the decision came during a meeting of EU ambassadors on Monday, which was called to assess the 1,200+ page deal.

According to the AP, Germany’s spokesman Sebastian Fischer confirmed the “Green light” to the press, proclaiming that the EU Ambassadors had “unanimously approved the provisional application of the EU-UK Trade and Cooperation Agreement as of January 1, 2021.”

Now the deal goes to a last-minute vote. Given the timing, there will be almost no room for error, as the new rules outlined in the last-minute agreement will take effect on Thursday.

The full text of the agreement can be found here, along with a Q&A to try and help businesses and private citizens better understand the coming changes.

However, four days after finally striking a deal, the UK’s Michael Gove has warned businesses to get ready for disruptions and “bumpy moments” when the new rules take effect on Thursday night.

Gove told BBC‘s morning program that “I’m sure there will be bumpy moments but we are there in order to try to do everything we can to smooth the path.” He added that time was “very short” to make the final preparations before the transition period ends.

“The nature of our new relationship with the EU – outside the Single Market and Customs Union – means that there are practical and procedural changes that businesses and citizens need to get ready for,” Gove continued.

“We know that there will be some disruption as we adjust to new ways of doing business with the EU, so it is vital that we all take the necessary action now.”

In other Brexit-related commentary, UK Chancellor Rishi Sunak said in an interview Monday morning that financial services firms in the UK shouldn’t take the 1,246-page agreement as the final word on EU market access, offering up hope for services-based business like finance that the lack of provision in the trade deal for services – which comprise 80% of the UK economy – won’t cause too much economic disruption, after PM Boris Johnson admitted that the deal’s provisions for market access fell short of his hopes.

Votes on the text of the deal in Parliament and the EU Parliament, which will represent the final obstacles to the deal being officially ratified, are scheduled for Wednesday.

end

UK/CORONAVIRUS UPDATE

UK Journalist Hounded After Pointing Out That Only Old And Sick Die From COVID

MONDAY, DEC 28, 2020 – 9:25

Authored by Steve Watson via Summit News,

A British journalist has been targeted by an angry online mob after pointing out that only a relatively small amount of healthy people have died from COVID, and suggesting that the complete destruction of our way of life is not an adequate response.

Talkradio host Julia Hartley-Brewer used the National Health Service’s own statistics to point out that “Just 377 healthy people under 60 have died of Covid.”

“That’s not a typo. There are no zeros missing,”Hartley-Brewer noted urging that while it is sad, it shouldn’t justify the shutdown of the economy and the house arrest of the entire country.

She further noted that pointing this out doesn’t mean she is saying “to hell with the old and sick”.

Some people just will not hear it, however, raging that Hartley-Brewer is a despicable human being:

The radio host refused to back down, noting that she had become a target of the “lockdown fanatic rainbow crowd”:

Others noted that some people are refusing to accept the horrible reality unfolding infront of their eyes:

END
CORONAVIRUS UPDATE/UK GLOBE

UK’s Mutant COVID Strain Conquers Scandinavia As Doctors Warn Of “Grim Month Ahead”; Russia Extends UK Travel Ban: Live Updates

MONDAY, DEC 28, 2020 – 11:05

Summary:

  • Finland latest to confirm presence of UK mutant strain
  • Erdogan says will receive COVID vaccine Thurs
  • Russia extends UK travel halt
  • Global cases top 80MM
  • US cases decline as states see holiday-related reporting delays
  • AZ’s CEO latest to reassure public vaccine will work for mutant strain
  • Dr. Gottlieb joins Dr. Fauci, others in warning of “grim month ahead”
  • Indonesia imposes temporary ban on all foreign visitors
  • Norway shortens traveler quarantine
  • First Japanese lawmaker dies of COVID
  • UK to approve AstraZeneca vaccine in coming days
  • Beijing tightens travel curbs

* * *

As we emerge from the post-holiday weekend in the west, the biggest COVID-19 related news over the past few days has focused mostly on burgeoning fears of the “variant” COVID-19 strain known as B.1.1.7, which is the mutated strain first isolated in the UK believed to be 70% more infectious (according to “official” UK government estimates, which we should probably point out is based on a surprising dearth of research).

Finland became the latest Scandinavian country to confirm a case of the “mutated” COVID, as a Finnish traveler who had recently returned from a UK holiday (before the Finns halted all air travel with Britain last week). Health officials said Monday the Finnish citizen was diagnosed in the southeast Kymenlaakso region over the weekend, and that his family members have been isolated Authorities believed they have “contained” the outbreak.

Russia on Monday morning became the latest power to extend its travel halt involving flights to and from the UK through Jan. 12, while Turkish President Recep Tayyip Erdogan announced that he would receive the first dose of a Chinese vaccine on Thursday.

While the US remains a critical holdout, refusing to curtail travel with the UK, the number of people screened at US airports hit 1.28MM on Sunday, the highest number since mid-March.

Stories about adverse allergic reactions to COVID vaccines (many have been tied to certain ingredients of the vaccine) have multiplied, but authorities have continued to reassure the public that examples of adverse reactions are uncommon. In Russia, authorities have begun on Monday to vaccinate those who are 60 years old and older, a sign that hard-hit Russia is moving quickly to vaccinate the most vulnerable.

As we noted last night, AstraZeneca’s CEO is the latest to reassure the press that the company’s vaccine will work against the mutated strains from the UK, South Africa etc.

COVID cases are nearing 81MM globally, while nearly 1.766MM have died, according to the count from Johns Hopkins. With 19.14MM cases, the US appears to be on the cusp of becoming the first country to top 20MM confirmed cases.

Some of the biggest COVID-19-related news from over the weekend concerns Dr. Anthony Fauci. With the good doctor expected to stay on under Biden, the MSM just before the holiday called him out over the steady upward trajectory of his “herd immunity” estimates (for what it’s worth, Wall Street is already pegging the herd immunity rate in the US at around 30%). Recently, they’ve moved as high as 90%, around the level of immunity believed required to stave off the spread of measles (for what it’s worth, CNBC says Dr. Fauci told them last week he expects ‘herd immunity ‘ to be around 75%-80%).

However, the good doctor has just recently acknowledged that the steady inflation in his numbers was part of a deliberate strategy of what some might describe as “noble lies” to ensure the public would be ready to hear the doctor’s message about how vaccinations are critical, even as many continue to have reservations, and the number of confirmed adverse reactions in the US tops 5K.

While Dr. Fauci doubles down on the hysteria, it’s difficult to tell how the US outbreak is going as states have several states have offered “incomplete” data over the past week, according to the COVID tracking project.

Holidays have typically coincided with a dip in new cases.

Still, for the past week or so, Dr. Fauci has been insisting that the US could see another surge in cases over the coming months as we enter the heart of what was (before this year) known as the heart of flu season. Over the weekend, he warned that the coming months could see COVID cases, hospitalizations and deaths potentially surge as already-overwhelmed medical systems are hammered by another wave of critically ill patients.

As markets appear undaunted by this warning, CNBC on Monday morning invited on another doctor “expert” to expand on Dr. Fauci’s warning: “no question we are going to see another surge in January…and hospitals are going to be facing that when they’re already full.”

Former FDA Chief Scott Gottlieb told CBS during a Sunday interview on “Face the Nation” that “we have a grim month ahead of us” after a recent increase in cases, with hospitalizations rising on a lag of a few weeks.

On the vaccine front, as the number of confirmed vaccinations (according to CDC and Bloomberg data) tops 4.4MM, the number in the US is nearing 2MM. We should probably note that these numbers likely exclude millions who were vaccinated on an “emergency basis” in China. The US is allocating 5.1MM doses of Pfizer and BioNTech’s vaccine and 6MM doses of Moderna’s shot for distribution this week (and keep in mind, each individual needs two shots).

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

Thailand reported its first coronavirus death in almost two months as a resurgence in the outbreak tied to migrant laborers in a seaside province near the capital continued to infect more people. A 45-year-old man in Rayong province, who tested positive for Covid-19 and had pre-existing heart conditions, died on Monday, according to Deputy Health Minister Satit Pitutecha (Source: Bloomberg).

Travelers arriving in Norway can leave quarantine after seven days at the earliest if they test negative for Covid-19 twice after arrival, Health and Care Services Ministry says in a statement on the government’s website. The first test must be taken within three days of arrival and the second no earlier than seven days after arrival (Source: Bloomberg).

Indonesia has decided to impose a temporary ban on all foreigners from visiting the country on concern over the spread of a new variant of the virus. The restriction will apply from Jan. 1 to 14, with exceptions given to official visits by those holding ministerial-level positions or higher, said Foreign Minister Retno Marsudi in a Monday briefing (Source: Bloomberg).

Former transport minister Yuichiro Hata was confirmed to have died from the new coronavirus, his political party said Monday, making him the first sitting member of Japan’s parliament to fall victim to COVID-19 (Source: Nikkei).

Beijing has tightened COVID-19 curbs over concerns that China’s mass travel during the holiday period could cause cases to spike in the capital, as it reported locally transmitted cases for a fourth straight day on Sunday (Source: Nikkei).

UK will approve the Oxford-AstraZeneca coronavirus vaccine in the coming days, with the number of people being inoculated expected to increase significantly from the first week of January (Source: FT).

* * *

To sum up: the UK’s announcement about a new, super-infectious mutated version of the virus has continued to create problems for the British as more than 30 nations have cut off travel amid a wave of new “firsts” over the weekend, which, as the Finland news suggests, will likely continue on Monday. We wonder, which European nation will be the next to confirm cases of the new “mutant” strain.

END

This is very reassuring and why we must take the vaccine!! ???
(zerohedge)_

WHO Chief Scientist Warns “No Evidence COVID Vaccine Prevents Viral Transmission”

MONDAY, DEC 28, 2020 – 16:40

Once again, the WHO has stepped in to offer some confusing comments about the coronavirus vaccine, warning that there is “no evidence to be confident shots prevent transmission” and that people who receive the vaccine should continue wearing masks and following all social distancing and travel guidelines.

The comments were made by WHO chief scientist Soumya Swaminathan during what appears to have been a virtual press conference held Monday.

A clip of the offending line has begun circulating on social media.

“At the moment, I don’t believe we have the evidence on any of the vaccines, to be confident that it’s going to prevent people from getting the infection and passing it on,”

Of course, a close look at the research released by Pfizer and Moderna shows the studies haven’t actually tested whether the vaccines actually prevent transmission of the virus; the goal of the trials was to see whether vaccinated patients presented with COVID symptoms at a rate that was substantially less frequent than individuals who hadn’t been vaccinated. That’s pretty much it. Though the data might hint at lowering transmission rates, that’s still tbd, apparently.

Some on twitter scoffed at the comment.

The doctor went on to explain that there’s no evidence to suggest that those who have been vaccinated wouldn’t be a risk if they traveled to a foreign country, say Australia, with relatively low COVID rates.

The doctor went on to explain that there’s no evidence to suggest that those who have been vaccinated wouldn’t be a risk if they traveled to a foreign country, say Australia, with relatively low COVID rates.

At this point, it might be helpful for the WHO to produce some kind of clarification that either offers substantially more context to explain this remark.

But we suspect they won’t.

Why? Well, perhaps because that context might undermine certain government officials’ insistence that there’s absolutely no reason to question the efficacy, and potential side effects (both long-term, and short) tied to the new COVID-19 vaccines.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

CORONAVIRUS UPDATE

New study shows asymptomatic Covid patients are not the driver of transmission.

(zerohedge)

New Study Suggests Asymptomatic COVID Patients Aren’t “Driver Of Transmission”

FRIDAY, DEC 25, 2020 – 11:30

Thanks in part to a massive investment in research by the British government, a lot of interesting data has come out of the UK, including a study which supposedly found evidence that immunity to COVID ‘degrades’ in the months after infection. Now, other studies have come to seemingly contradictory conclusions. It’s just another reminder how fraught and complicated the process of study and research can be during an unprecedented pandemic.

It should also be a reminder, particularly as all the world’s top COVID-vaccine manufacturers reassure the public that their vaccines will work against the more infectious mutated strains allegedly discovered in the UK and South Africa, among other places, that the leading scientific and public health authorities aren’t always 100% certain when it comes to – as they like to call it – “the science”.

And in yet another reminder of this principle, the American Medical Association’s JAMA Network Open journal has published new research from a government-backed study that appears to offer new evidence that asymptomatic spread of COVID-19 may be significantly lower than previously thought.

Some members of the public might remember all the way back in February and January when public officials first speculated that mass mask-wearing might not be that helpful unless individuals were actually sick. They famously back-tracked on that, and – for that, and other reasons – decided that we should all wear masks, and that lockdowns were more or less the best solution to the problem, even as millions of Americans continued to flout the new “rules” daily.

But for those who don’t, this paper makes one thing clear: For all the talk in the press about asymptomatic people being infectious, which included a heavy-handed rebuke of a WHO scientist who nonchalantly said a few months back that asymptomatic people don’t spread the virus as effectively, there haven’t been many large-sample-size longer-term studies that study how  “asymptomatic” patients actually spread the virus vs. how “symptomatic” patients do, since most public health agencies don’t even collect data on whether people who test positive are asymptomatic, pre-symptomatic, or symptomatic (a specification which, as most people probably know by now, can vary widely).

Since the pandemic has only been ongoing for less than a year now, researchers have instead tried conducting “meta studies” – that is, comparing data collected in dozens of studies examining some aspect of the virus’s functionality. In the paper noted above which examined 54 separate studies with nearly 78K total participants, the authors claim that “The lack of substantial transmission from observed asymptomatic index cases is notable…These findings are consistent with other household studies reporting asymptomatic index cases as having limited role in household transmission.”

This is of course not the first time we have heard this. Aside from the WHO scientist example cited above, two British scientists recently published an editorial in the BMJ imploring scientists to rethink how the virus spreads “asymptomatically”.

They pointed to “the absence of strong evidence that asymptomatic people are a driver of transmission” as a reason to question such practices as “mass testing in schools, universities, and communities.”

That’s not to say that asymptomatic people can’t spread the virus, it’s just to say that maybe there is a significant difference in risk levels in terms of exposure. Of course, public health officials at this point seem to be afraid to acknowledge anything that questions the notion that everybody is potentially a threat. To be clear, the WHO’s current guidance on the issue is that “while someone who never develops symptoms can also pass the virus to others, it is still not clear to what extent this occurs, and more research is needed in this area” – but at this point, they have changed their guidance and flip-flopped so many times, who even knows, understands or cares what they say?

Anyway, it’s just some more food for thought next time somebody tries to lecture you about “the science”.

END

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 1.2205 UP .0009 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 103.62 UP 0.045 (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 1.3488   DOWN   0.0074  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2840 DOWN .0016 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 BY 9 basis points, trading now ABOVE the important 1.08 level RISING to 1.2205 Last night Shanghai COMPOSITE  UP 0.72 PTS OR .02%

//Hang Sang CLOSED DOWN 71.93 PTS OR .27% 

/AUSTRALIA CLOSED UP 0.36%// EUROPEAN BOURSES ALL GREEN

Trading from Europe and Asia

EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang Sang CLOSED DOWN 71.93 PTS OR .27% 

/SHANGHAI CLOSED UP 0.72 PTS OR .02% 

Australia BOURSE CLOSED UP 0.36% 

Nikkei (Japan) CLOSED UP 197.42  POINTS OR 0.74%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1875.00

silver:$26.27-

Early MONDAY morning USA 10 year bond yield: 0.956% !!! UP 2 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 1.707 UP 4  IN BASIS POINTS from THURSDAY night.

USA dollar index early FRIDAY morning: 90.28 DOWN 4 CENT(S) from  THURSDAY’s close.

This ends early morning numbers MONDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  MONDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.04% DOWN 2 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.02%  UP 1   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.05%//DOWN 1 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.55 DOWN 0 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 50 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 1.10% 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 1.2210  UP     .0013 or 13 basis points

USA/Japan: 103.85 UP .277 OR YEN DOWN 28  basis points/

Great Britain/USA 1.3438 DOWN .0125 POUND DOWN 125  BASIS POINTS)

Canadian dollar DOWN 15 basis points to 1.2871

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed DOWN AT 6.5362    ON SHORE  (DOWN)..

THE USA/YUAN OFFSHORE:  6.5362  (YUAN DOWN)..

TURKISH LIRA:  7.42  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.02%

Your closing 10 yr US bond yield UP 2 IN basis points from THURSDAY at 0.951 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.695 UP 3 in basis points on the day

Your closing USA dollar index, 90.33 UP 1  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 6.36  0.10%

German Dax :  CLOSED UP 203.06 POINTS OR 1.49%

Paris Cac CLOSED UP 66.37 POINTS 1.20%

Spain IBEX CLOSED UP 44.10 POINTS or 0.54%

Italian MIB: CLOSED UP 158.34 POINTS OR 0.72%

WTI Oil price; 48.16 12:00  PM  EST

Brent Oil: 51.33 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    73.71  THE CROSS LOWER BY 0.04 RUBLES/DOLLAR (RUBLE HIGHER BY 4 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 f0r Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OILPRICE 4:30 PM :  47.70//

BRENT :  50.89

USA 10 YR BOND YIELD: … 0.923..DOWN 1 basis points…

USA 30 YR BOND YIELD: 1.662 DOWN 1 basis point..

EURO/USA 1.2212 ( UP 15   BASIS POINTS)

USA/JAPANESE YEN:103.83 UP .260 (YEN DOWN 26 BASIS POINTS/..

USA DOLLAR INDEX: 90.35 UP 2 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3444 DOWN 119  POINTS

the Turkish lira close: 7.445

the Russian rouble 73.67   UP 0.37 Roubles against the uSA dollar. (DOWN 37 BASIS POINTS)

Canadian dollar:  1.2848 UP 8 BASIS pts

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

The Dow closed UP 204.10 POINTS OR 0.68%

NASDAQ closed UP 94.69 POINTS OR 0.74%


VOLATILITY INDEX:  21.80 CLOSED UP .27

LIBOR 3 MONTH DURATION: 0.240%//

USA trading today in Graph Form

Ethereum Erupts, Oil & Gold Pump’n’Dump As Tech Jumps

Tyler Durden's Photo

BY TYLER DURDEN
MONDAY, DEC 28, 2020 – 16:00

$600 checks for all, vaccines for all, and stocks are hitting record highs as economic data collapses…

Source: Bloomberg

The message is – Biden’s here, all is well! (Oh, apart from the “dark winter” he keeps on warning about)…

Crypto deserves the main headlines since Xmas Eve’s close with Bitcoin up over 15% and altcoins even more…

Source: Bloomberg

Bitcoin tagged new highs and fell back to stabilize around $27,000…

Source: Bloomberg

But today it was Ethereum that really ripped, surging up towards $750…

Source: Bloomberg

Which reversed the recent trend in ETH/BTC, which is back above the Maginot Line of 0.025x…

Source: Bloomberg

Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend. The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsize returns over October, November and December so far is the longest such stretch since mid-2019.

“My sense is we’re very close to a top — we could hit $30,000 though,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore.

“We should definitely see a pullback, but the magnitude is probably lesser. We might only see 10% to 15% drops.”

But while crypto was ripping, gold and oil were rollercoastering.

Gold futures spiked back above $1900 before giving it all back…

WTI screamed up towards $49 after reports of Trump signing the COVID Lockdown Relief only to retreat back below $48 as the cash equity market opened…

Notably, as ETH/BTC reversed course today, so did Small Caps / Big Tech as Nasdaq dramatically outperformedRussell 2000 tumbled into the red late in the day (and the rest of the market was also hit) but there was no clear catalyst

Erasing Russell 2000’s outperformance since 12/22…

Energy stocks were the worst performers as Tech and Consumer Discretionary outperformed…

Source: Bloomberg

Treasuries ended the day practically unchanged after pushing notably higher in yield overnight…

Source: Bloomberg

Once again, the magic hand of Covfefe stepped in a compressed 10Y yields back below 95bps…

Source: Bloomberg

The dollar managed gains after overnight weakness was erased during the Europe session…

Source: Bloomberg

Finally, it appears the call-buying panic of the last couple of months is taking a break. Will the shortened week breathe life back into the leveraged long crowd?

Source: SpotGamma

For now, the Put-Call ratio continues to push to new 14 year lows…

a)Market trading/LAST NIGHT/USA

b)MARKET TRADING/USA//Non farm payrolls

ii)Market data/USA

iii) Important USA Economic Stories

Nashville bombing  

Nashville activates emergency operations after an intentional bombing next to the A T and T building

(zerohedge)

Nashville Activates Emergency Operations Center After “Intentional Bombing Incident” Downtown

FRIDAY, DEC 25, 2020 – 10:05

Update (1154 ET): According to White House spokesperson Judd Deere, President Trump has been briefed on the explosion in Downtown Nashville and will continue to monitor incoming developments.

The U.S. Justice Department said Acting Attorney General Jeff Rosen was also briefed on the incident and has directed resources to assist with the investigation.

Nashville Mayor John Cooper said the number of injuries was limited so far.

AP reports at least three people were wounded when the explosion, originating from a recreational vehicle, shattered windows and damaged dozens of buildings.

Here’s an alleged image of the initial explosion.

* * *

Update (1100 ET): Nashville’s Emergency Operations Center (EOC) has “activated” this morning after “an intentional bombing incident in Downtown Nashville.”

Just after 6:30 am on Friday December 25, 2020 an explosion outside of 166 Second Avenue North caused extensive damage. Representatives from OEM, Nashville Fire Department, Mayor’s Office, Metropolitan Police Department and Federal Agencies will use the EOC to coordinate ongoing response and investigative operations. -EOC Statement 

* * *

Update (1005 ET): Absolutely terrifying images and video surfaced on social media this morning of an explosion in downtown Nashville. Now authorities believe the explosion was an “intentional act.” The FBI and ATF are responding.

Scenes from local media show the horrific scene.

ATF Nashville has tweeted they’re “on the scene of the explosion/fire incident in downtown Nashville, Tennessee.”

* * *

A powerful explosion rocked downtown Nashville early Christmas morning. Reports say a parked recreational vehicle exploded and caused damage to surrounding buildings.

According to local news WKRN, the explosion occurred at 6:30 am Friday around Second Avenue and Broadway near Commerce Street.

The Metro Nashville Office of Emergency Management said a parked recreational vehicle “exploded and caused damage to several buildings.”

The explosion was so loud that some residents heard it “12 miles away.”

NewsChannel 5’s Phil Williams said, “Fire department personnel being told to pull back two blocks from the explosion site, concerned about potential vehicle bombs. Police bomb squad and fire hazmat team on scene.”

While authorities don’t suspect foul play, scenes from the explosion area look like a warzone.

 “Major damage to buildings close to and around scene of huge explosion in #Nashville. Shards of glass and windows blown out hundreds of yards from 2nd Av,” one Twitter user said.

People are reporting their windows have been blown out from the explosion.

Watch Live:

ELECTION CHAOS

No 1

Sherryl Attkinson lists 8 screaming red flags from the 2020 election that deserves a criminal inquiry

(Sherryl Attkinson)

Eight ‘Screaming Red Flags’ From The 2020 Election That Deserved Criminal Inquiry

THURSDAY, DEC 24, 2020 – 16:30

Authored by Sharyl Attkisson, op-ed via The Epoch Times,

The presidential election is no casual, unimportant event. Polling shows that, today, the public’s confidence in the 2020 elections, polling, law enforcement, media, and government are largely shaken.

For that reason, the widespread claims of election irregularities and fraud should have been taken more seriously by government officials and law enforcement, and promptly and aggressively investigated. Today, there are hundreds of witnesses, declarations, sworn statements, and videos that continue to raise questions about the integrity of the results.

It’s untrue that most of the claims have been dispelled by courts. By and large, there’s been no opportunity for witnesses to testify or present evidence to a judge or jury. More importantly, perhaps, there’s been no way to collect evidence of alleged fraud without the tools of a criminal inquiry, such as subpoenas, depositions, and the ability to compel forensic exams.

If legitimate and transparent investigations were to find the witnesses who claim fraud or irregularities are mistaken or not telling the truth, the inquiries would serve the crucial purpose of assuring the public that the claims were thoroughly investigated but found to be unsupportable or false.

The following are eight examples of screaming red flags that begged for a prompt, thorough criminal inquiry.

1. Ballots Allegedly Trucked Across State Lines

The FBI has a role in determining whether an interstate crime occurred, and who is responsible, if hundreds of thousands of ballots were trucked from New York to Pennsylvania, as a firsthand witness states.

It should be simple for law enforcement to get to the bottom of it by finding out who hired the truck and moved the cargo, or showing that the story is made up or a misunderstanding.

2. Subtracted Votes

There are several reported accounts of vote switching in real time, as shown on television, supposedly an example of how mischief can occur.

It would not be difficult for an investigative team to track down what happened in the specific instances and, if verified, it implicates more switching could have happened undetected.

3. Vote Count Pauses

Vote counting was oddly paused in several states. If, as some claim, it was done so that Joe Biden’s ballot deficit could be figured and erased, it would point to a coordinated effort.

It would not be difficult for criminal investigators to question decision makers at each location and find out who they communicated with. This could prove or dispel the notion of a coordinated scheme.

4. Fulton County, Georgia’s Mysterious Water Pipe Break

Fulton County is a special case since the reason given for a major vote pause, and the reason uncritically accepted and reported by many in the press, was that a water pipe burst and interrupted the count. However, the story morphed over weeks, and a state investigator ultimately concluded there was no pipe burst that would have interrupted any counting. No good public explanation for this discrepancy has been provided by a credible authority.

It would not be difficult for criminal investigators to identify and question whoever called the vote count suspension, and then moved forward with counting after some observers were dismissed.

5. Blocked Observation

There are widespread accounts from Republican election observers, and some Democrats, about being allegedly blocked from seeing what was going on. It would make sense for a law enforcement authority to question who was at the top of the organizational chain at each location where this is credibly claimed by a witness in a declaration or sworn statement, and find out how the official decided to determine and deploy the rules for observation.

It would not be difficult to learn whether there was a coordinated effort or, in the alternative, to hold accountable anyone at the local level who improperly shielded ballot counting from observers.

6. Voting Machines

In recent testimony to the Michigan state legislature, Dominion Voting Systems’ CEO stated he saw no credible claims of fraud. But when asked how it can be proved that bad actors didn’t impact and infiltrate voting systems, he advocated the idea of audits and even machine examinations to answer those outstanding questions. He even said this is the common way such questions are answered.

For the sake of public confidence, it would be prudent to have a credible law enforcement body conduct forensic exams and audits of the machines and software to rule out interference by third parties, or any other illegalities or mischief.

7. Mail-in Ballots

Numerous witnesses from the postal service as well as at polling precincts have provided specific information about allegedly being instructed to falsely date, add birth dates, or otherwise improperly alter mail-in ballots, or have testified about hearing plans to do so. This is an important and easy issue for criminal investigative authorities to nail down one way or the other.

8. Backdoor Ballots

The midnight dumps of tens of thousands of ballots in key swing states overturning the Trump lead could be perfectly legitimate. However, it’s unusual to say the least. And so, in this environment, it’s important that a criminal investigative body conduct at least a preliminary inquiry in places where witnesses observed what they considered to be suspicious behavior or ballots.

It should not be difficult to track the chain of custody and show they’re legitimate or, if not, find out who transported them.

Finding evidence that dispels mischief is as equally important as an investigation that finds wrongdoing. The simple declaration that there’s nothing to investigate, or having people who have no way to know the truth call the claims “conspiracy theories,” is unlikely to dismiss widespread concerns and may, in fact, heighten mistrust.

end

No 2

STRANGE!! Looks like it was a missile that hit the ATT building and a second bomb which blew up the RV vehicle.

(ERBN)

‘Nashville Christmas Bomber’ Was a Patsy, 2 Separate Explosions Were Triggered at the Same Time

Initial ERBN report: erbn.online/1985


They can’t even count to 2. Click the image to go to our report about the RV.

ERBN – The motor home (RV) was NOT parked in front of the AT&T building where there’s now a gaping hole in the wall. The mainstream media and ‘explosives experts’ would like you to believe that the hole in the wall was caused by the explosive device in the RV but we can prove that that is not what happened.

The Nashville police has stated that the RV was parked outside 166 2nd Avenue.

The holes in the wall of AT&T’s building and the sidewalk in front of it couldn’t have been caused by the RV because this specific part of the AT&T building is right in front of 170 2nd Avenue. Not in front of 166 2nd Avenue.

Click image to enlarge

This means that they are lying. And when they lie about that then they are trying to cover up something else, something much more sinister. Which likely has everything to do with what can be seen in this video obtained by WKRN-TV, with a filter applied.

This means that “Anthony Quinn Warner” was set up and may already have been dead long before someone else drove ‘his’ RV to 2nd Avenue and parked it in front of The Melting Pot (166 2nd Avenue). Those same people who set him up also made the recording that would start broadcasting at 4.30 a.m. CT. Two hours before they triggered their 2 separate explosions at the same time.

The patsy: Anthony Quinn Warner

Putting his dead body in the RV before the 2 separate explosions were triggered would eventually lead police, FBI and ATF investigators to wrongly conclude that “Tony” was the bomber. This by itself is a crime as well. Planting false evidence is a serious felony that will put you in jail – without even mentioning deliberately destroying half of 2nd Avenue with 2 bombs.

Now that we know that “Tony” is a patsy we can assume with great certainty that this whole event is part of a much bigger agenda. This Nashville bombing may very well be part of the Controlled Demolition 2.0 that we have been discussing at ERBN since November. Especially when it comes to creating a false “cyber pandemic” narrative and beefing up the digital control grid that is being used to track and exterminate the real Resistance against the coming “Great Reset” and the death cult’s 4th industrial revolution.

And that makes a lot more sense than the mainstream media saying that “Tony” was a lone wolf bomber and a dangerous anti-5G conspiracy theorist.

END

No 3

Sidney Powell releases a 270 page document on the massive 2020 election fraud involving foreign interference

James Hoft/Gateway Pundit/Sidney Powell

Attorney Sidney Powell Releases 270 Page Document on Massive 2020 Election Fraud Involving Foreign Interference

Kraken 2.0:

Attorney Sidney Powell released an explosive document on foreign interference to Zenger News this week.

The document includes 270 pages of affidavits, evidence and testimony from numerous witnesses and sources.

The 270 page document details election fraud, names and all!

TRENDING: “You Were Hired to Clean Glass and Other Menial Tasks” – DISGUSTING! Dominion Voting Systems Sends Nasty Letter to Witness Mellissa Carone

The document includes military and alphabet testimony, and details everything from interference, to origins of voting machine fraud, to cybersecurity intrusions into us elections systems and more.

Zenger wrote, “Powell contends that documents in the binder prove direct foreign interference and fraud tainted the Nov. 3 presidential election, and that President Donald Trump was re-elected. The entire binder is reproduced here for exclusively.”

Here is the 270 page document via Zenger News.

end

No 4

Dr Eric Coomer executive of Dominion Systems owns patents on the adjudication process that investigators found skimmed votes from Trump to Biden in Michigan

(Gateway Pundit_)

Developing: Dominion’s Anti-Trump Executive Eric Coomer Owns Patents on Adjudication Process That Investigators Found Skimmed Votes From Trump in Michigan

In 2010 Eric Coomer joined Dominion as Vice President of U.S. Engineering. According to his bio, Coomer graduated from the University of California, Berkeley with a Ph.D. in Nuclear Physics.

Eric Coomer was later promoted to Voting Systems Officer of Strategy and Security at Dominion.  Coomer has since been removed from the Dominion page of directors.

In fact, in our interview with Denver native Joe Oltmann, Eric Coomer’s presence is being SCRUBBED FROM THE INTERNET!

TRENDING: “You Were Hired to Clean Glass and Other Menial Tasks” – DISGUSTING! Dominion Voting Systems Sends Nasty Letter to Witness Mellissa Carone

Joe Oltmann said he never saw such hate and vitriol coming from someone who has a Ph.D. in Nuclear Physics. Oltmann explained to Michelle Malkin in an earlier interview that Coomer actually re-posted the ‘Antifa manifesto to President Trump’ on his Facebook page.

Oltmann told The Gateway Pundit he believes Eric Coomer is mentally ill and a sociopath.  Coomer plays the corporate executive during the day and an unhinged Trump hater and Antifa supporter in his private life.

The Gateway Pundit posted  a copy of that Antifa letter to Trump in a previous report that Coomer posted on his Facebook page before it was taken down.

On Monday December 14, 2020, during an emergency hearing, MI 13th Circuit Court Judge Kevin A Elsenheimer granted permission to Attorney Matthew Deperno to release the findings from their forensic examination on 16 Dominion Voting machines in Antrim County, MI where thousands of votes flipped from President Trump to Joe Biden on November 3, 2020.

In his lawsuit against Antrim County, Matthew DePerno claimed that based on the evidence they have provided to the court that Dominion Voting Systems “committed material fraud or error in this election so that the outcome of the election was affected.”

After the forensic examination of 16 Dominion Voting machines in Antrim, Co. MI, Allied Security Operations Group has concluded that the Dominion Voting machines were assigned a 68.05% error rate. DePerno explained that when ballots are put through the machine, a whopping 68.05% error rate means that 68.05% of the ballots are sent for bulk adjudication, which means they collect the ballots in a folder. “The ballots are sent somewhere where people in another location can change the vote,” DePerno explained.

Based on the Allied Security Operations report, Constitutional Attorney Matthew DePerno states: “we conclude that The Dominion Voting System should not be used in Michigan. We further conclude that the results of Antrim County should not have been certified.

There is now evidence that Dominion Systems Officer Eric Coomer is the person who holds many patents on “adjudication process” for the Dominion Voting Machines.

Eric Coomer admitted his role in the adjudication process in previous testimony.

This raises many questions for Dominion Voting Systems and Eric Coomer that can only be answered under oath.

end
No 5
We have highlighted, Jovan Pulitzer’s method for exposing the fraud before.
Now there is a movement asking Trump to create an executive order and have the 2020 ballots and images
audited in selected states using his method.
(Hoft/Pulitzer.Gateway Pundit)

President Trump PLEASE CREATE AN EXECUTIVE ORDER and Have 2020 Ballots and Images Audited in Select States Using Jovan Pulitzer Method

We have a request for President Trump.  We ask you to join us and inventor Jovan Pulitzer in our request to allow Jovan to audit the ballots and images from the 2020 election in select states. 

We believe the future of this country depends on this request, which is well within all our rights, to be accepted and ordered by you, President Trump.

President Donald J. Trump please accept our request.  We ask you to please write an Executive Order mandating that the ballots and images in select states be audited and reviewed for fraud by Jovan Pulitzer.

TRENDING: Mathematician Bobby Piton Finds More Than 500,000 Unique Last Names in Pennsylvania: ‘Sophisticated State Actor Was Able to Optimize Desired Outcome’

We first learned of Inventor Jovan Pulitzer a few weeks ago and reported that he is able to audit millions of ballots in a day based on his method for reviewing ballots and images. His biography and ideas were provided in our article.  He believes there was fraud in the 2020 election and that he can prove it quickly:

Georgia

Dr. Jovan Pulitzer now requests President Trump sign an Executive Order to allow the ballots and images in Georgia to be audited and reviewed. This is based on new data that over 100,000 ballots in Fulton County Georgia alone appear to be fraudulent as noted in the video below:

We also know per a report yesterday that there are still nearly a half a million ballots in Georgia that are still missing chain of custody documentation in the state.  No doubt these ballots are fraudulent too.  The whole state should be selected for an audit of ballots and images performed by Mr. Pulitzer:

Pennsylvania

We already knew that in Pennsylvania tens of thousands of ballots were returned before they were sent out.  We know hundreds of thousands of completed ballots were shipped from New York to Pennsylvania before the election.  We also know that 2.5 million absentee ballots were counted in Pennsylvania but only 1.8 million in total were sent out.  This state should be audited as well.

Arizona

In Arizona we know that truckloads of ballots kept coming after vote-counters were repeatedly told that the counting was over.  We also know that per a sample of 100 ballots, three percent of the ballots were deemed fraudulent and all went to Joe Biden.  We also know that data scientists believe 790,000 ballots were injected into the system in Arizona.  This state should also be audited.

Wisconsin, Michigan and Nevada

In Wisconsin over 200,000 ballots for Joe Biden related to permanently disabled individuals were recently deemed by a judge to be illegitimate.  We know of many other ballots that were in pristine condition which indicates fraud as well.

In Michigan poll observers when not kicked out of the room also observed ballots being counted which were in sequential order, which is impossible.  This state had so much corruption during the election, its ballots should all be audited.

In Nevada we know around 42,000 people voted more than once.  We also know Dominion voting machines in one county alone had 70% of its ballots kicked out that then had to be adjudicated.

At a minimum these states should be audited as well. 

Mr. President, Inventor Pulitzer believes he can audit millions of ballots and images in a day.  Please provide him the ability to audit the ballots and images in these states so we can determine the true result of the 2020 election in these states.

(Please help us by sharing this post with the President, members in Congress and members in state legislatures.  This audit can be done expediently with a significant amount performed before January 6th in select states.)

end
No 6

Mathematician Bobby Piton Finds More Than 500,000 Unique Last Names in Pennsylvania: ‘Sophisticated State Actor Was Able to Optimize Desired Outcome’

PShare

Bobby Piton

Bobby Piton, the mathematician who testified at the Arizona voter fraud hearing dropped a bombshell this weekend.

Mr. Piton has done extraordinary work crunching data and his testimony pointed out blatant voter fraud through incontrovertible evidence, at one point claiming he’d stake his life on the factual nature of his testimony.

Piton revealed this weekend that he examined just over 9 million records in Pennsylvania and has identified 521,879 unique last names.

In other words, these people have no parents, siblings, aunts, uncles or cousins who share the same last name (phantom voters).

TRENDING: Mathematician Bobby Piton Finds More Than 500,000 Unique Last Names in Pennsylvania: ‘Sophisticated State Actor Was Able to Optimize Desired Outcome’

Follow this thread:

245,033 or just under 47% of the total last names in Pennsylvania belong to ONE and ONLY ONE PERSON!

Pennsylvania has 695,430 Fewer People in the top 1000 Last Names.

Bobby Piton found that there were fewer people with common surnames such as Smith, Jackson, Johnson.

Bobby Piton essentially discovered where those 695,000+ illegal ballots came from in Pennsylvania.

President Trump was ahead of Joe Biden by over 700,000 votes on election night in Pennsylvania and within a few days after the election, hundreds of thousands of ballots appeared for Joe Biden.

Between 695,000 to 958,000 voters just got up and vanished out of Pennsylvania!

Based on Piton’s findings, it appears that a centralized actor was calling the shots.

Bobby Piton says a sophisticated State Actor was able to optimize a desired outcome for both the state of  Georgia and Pennsylvania.

Bobby Piton said someone with personal contact with President Trump reached out to him on Saturday and he sent him over 50 pages of his findings from the last month.

end
no 7
Judge Louis Gohmert, Rep Texas sues Pence as he wants Pence to have the “exclusive authority” to overturn
the election results. This case appears before a Trump judge.
Phillips/Epoch times
(Phillips/EpochTimes)

GOP Lawmaker Sues Pence to Give Him ‘Exclusive Authority’ to Overturn Election Results

December 28, 2020 Updated: December 28, 2020

Rep. Louie Gohmert (R-Texas) filed a lawsuit against Vice President Mike Pence in a bid to overturn the election results, asking a court to give Pence “exclusive authority” to decide which Electoral College votes should be counted on Jan. 6.

According to the lawsuit (pdf), Pence has a role in the upcoming Jan. 6 Joint Session of Congress to count all 50 states’ Electoral College votes. Gohmert’s lawsuit, which was filed against Pence in his capacity as vice president, is asking a federal judge to strike down the 1887 Electoral Count Act, asking the judge to grant Pence the authority to overturn the election results in favor of President Donald Trump.

Gohmert’s lawsuit is claiming that any action taken by Pence on Jan. 6 to certify the Electoral College results to secure a win for Joe Biden will be fraudulent. Gohmert is furthermore asking Judge Jeremy Kernodle, an appointee of Trump, to determine that Pence is authorized to pick GOP electors who cast votes for Trump during the Joint Session of Congress.

The Epoch Times has reached out to the White House and Pence’s office for comment.

“Vice-President Pence determines which slate of electors’ votes count, or neither, for that State,” states the lawsuit, which also asks the Texas federal court to issue a judgement. “If no candidate has a majority of 270 elector votes, then the House of Representatives (and only the House of Representatives) shall choose the President,” Gohmert’s suit says, adding that the Constitution’s 12th Amendment “contains the exclusive dispute resolution mechanisms” over elections.

The court should render a judgment on whether “Vice President Pence, in his capacity as President of Senate and Presiding Officer of the January 6, 2021 Joint Session of Congress under the Twelfth Amendment, is subject solely to the requirements of the Twelfth Amendment and may exercise the exclusive authority and sole discretion in determining which electoral votes to count for a given State, and must ignore and may not rely on any provisions of the Electoral Count Act that would limit his exclusive authority and his sole discretion to determine the count, which could include votes from the slates of Republican electors from the Contested States,” Gohmert’s lawsuit further states.

Gohmert noted that GOP-selected electors in several key states being contested by Trump have cast votes for Trump and Pence. The Republican parties in the states said they did so to preserve lawsuit options for the president. Electors that were certified by the key states’ executive branches cast votes during the Dec. 14 Electoral College vote, giving Joe Biden 306 votes to Trump’s 232 votes.

Meanwhile, Gohmert said in the suit that he is joining a GOP-led effort to challenge the Electoral College vote-count efforts on Jan. 6. The bid, which is being led by Rep. Mo Brooks (R-Ala.), has dozens of supporters in the House, Brooks told Fox News on Monday morning.

Trump has supported the effort led by Brooks and the other Republican lawmakers to challenge the counting. But so far, it’s not clear if any senators have joined, which is needed to carry out the challenge of the electoral votes.

Gohmert filed the suit in the Eastern District of Texas. The entire delegation of the GOP electors in Arizona also joined him in the lawsuit.

The case is Gohmert v. Pence, and the case number is 6:20-cv-00660.

New York City
Bill de Bozo de Blasio deserves credit for making New York City a mess. Illegal street vendors are overtaking
the entire city.
(zerohedge)

Illegal Street Vendors “Overtaking” NYC And The Entire City is Blaming Bill De Blasio

SUNDAY, DEC 27, 2020 – 18:20

Another day, yet another way in which Comrade De Blasio is turning New York City into a third world country.

In addition to murders rising, restaurants closing, shops being boarded up and a litany of taxation and “redistribution of wealth” tactics that De Blasio has brought to the table during his tenure as Mayor, he is now also being blamed for a inconspicuous rise in illegal street vendors that the New York Post says is “overtaking” the city.

Pushing items like live crabs, knock-off Louis Vuitton caps and disposable face masks, illegal vendors are making an already miserable 2020 for shop owners even worse. The Post says it counted 27 street vendors on just one side of the street between Sanford and 41st Avenue on Main Street in Flushing. And it doesn’t stop there: vendors are scattered everywhere from Manhattan to the Bronx to Brooklyn.

The number of illegal street vendor complaints for 2020 have almost eclipsed 2019’s number, despite New York City being in lockdown for 78 days. 

DianSong Yu of the Flushing Business Improvement District told the paper that 90% of vendors aren’t licensed. Of the 20,000 vendors across the city, only a “few thousand” are licensed, Yu said. “It’s a very tough time for everybody, we get it. But we need to be fair to the local merchant who are paying very high rent and taxes. And they’re hurting.”

One vendor who did have a license, and was a military veteran, told the Post: “They’re robbing the city of taxes. They’re taking money from the veterans. They’re taking jobs.”

Another former illegal vendor, now in his 70s, said: “I can understand if you can go out and sell. Why not? But the situation is out of hand – outrageously out of hand.”

Ira Dananberg, who has worked in Flushing for 19 years, said: “I’ve never seen anything like it. People literally have no choice but to walk on top of each other.” He blames the issue on De Blasio for ordering the NYPD to stop cracking down on vendors in June.

Councilman Peter Koo, who introduced a bill 2 years ago to ban vending on Main Street, called it a “circus” and said the issue “falls squarely on the mayor”.

The Department of Consumer Affairs is in charge of handing out licenses and limits non-Veteran licenses citywide to 853. Veterans that are honorably discharged can get one for free, while others pay between $100 and $200.

And for items like the live crabs that are being sold during a pandemic that supposedly started in a Chinese wet marketThe wife of a licensed vendor bought a dozen crabs several weeks ago from another vendor and “started to feel sick” after eating them. After her husband cracked one of the crabs open, he found “white worms in the bellies”. The Health Department says it is investigating.

“Whether the crabs are legal or safe to eat is anybody’s guess. No agency could tell The Post with certainty and none took responsibility for oversight,” the article concluded.

end

Trump signs the COVIID 19 relief bill with the $600 checks.  He is askig congress to approve an increase later.

(zerohedge)

Trump Signs COVID-19 Relief Bill With $600 Checks, Asks Congress To Approve Increase Later

MONDAY, DEC 28, 2020 – 5:45

President Trump on Sunday signed a $900 billion pandemic relief package which will include $600 direct checks checksabandoning his immediate demand that Congress go back to the drawing board and provide $2,000 checks, and instead encouraged them to vote on a separate bill to “increase payments to individuals from $600 to $2,000.”

“I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more,” Trump said in a Sunday night statement.

The pandemic relief package is coupled with $1.4 trillion in funds to run the government through September and includes other end-of-session priorities such as increases in food stamp benefits and funding for the transit system. Plus, tons of pork, which we noted last week.

According to the New York Post:

The bill authorizes direct checks of $600 for people earning up to $75,000 per year. The amount decreases for higher earners and people who make over $95,000 get nothing.

There’s an additional $600 per child stimulus payment.

In a statement, Trump said that Congress on Monday would vote on a separate bill to “increase payments to individuals from $600 to $2,000.”

The bill creates a new $300 weekly unemployment supplement and replenishes a forgivable loan program for small businesses. It also creates new criminal penalties including prison time for violating copyright laws with online streaming. –NYP

Futures and gold are happy for the moment:

Full Trump statement (emphasis ours):

“As President of the United States it is my responsibility to protect the people of our country from the economic devastation and hardship that was caused by the China Virus.

I understand that many small businesses have been forced to close as a result of harsh actions by Democrat-run states. Many people are back to work, but my job is not done until everyone is back to work.

Fortunately, as a result of my work with Congress in passing the CARES Act earlier this year, we avoided another Great Depression. Under my leadership, Project Warp Speed has been a tremendous success, my Administration and I developed a vaccine many years ahead of wildest expectations, and we are distributing these vaccines, and others soon coming, to millions of people.

As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child.

As President I am demanding many rescissions under the Impoundment Control Act of 1974. The Act provides that, “whenever the President determines that all or part of any budget authority will not be required to carry out the full objectives or scope of programs for which it is provided, or that such budget authority should be rescinded for fiscal policy or other reasons (including termination of authorized projects or activities for which budget authority has been provided), the President shall transmit to both Houses of Congress a special message” describing the amount to be reserved, the relevant accounts, the reasons for the rescission, and the economic effects of the rescission. 2 U.S.C. § 683.

I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed. I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill.

I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more.

On Monday the House will vote to increase payments to individuals from $600 to $2,000. Therefore, a family of four would receive $5,200. Additionally, Congress has promised that Section 230, which so unfairly benefits Big Tech at the expense of the American people, will be reviewed and either be terminated or substantially reformed.

Likewise, the House and Senate have agreed to focus strongly on the very substantial voter fraud which took place in the November 3 Presidential election.

The Senate will start the process for a vote that increases checks to $2,000, repeals Section 230, and starts an investigation into voter fraud.

Big Tech must not get protections of Section 230!

Voter Fraud must be fixed!

Much more money is coming. I will never give up my fight for the American people!

*  *  *

Many Trump supporters are not impressed, while others defended the president:

end
The uSA is doing a good job on reducing its dependency on Chinese rare earths.  Theiir dependency is down to
40% which at one point was 85 to 90%
(Kimani/Oil Price.com)

Can The US Reduce Its Dependency On Chinese Rare Earths?

Authored by Alex Kimani via OilPrice.com,

Since the days of President Jimmy Carter and the 1970s oil crisis, the United States has relentlessly pursued the utopia of energy independence. But persistent oil crises, severe oil price shocks, and the global shift to clean energy have made it glaringly obvious that Washington will never achieve true energy independence by relying solely on fossil fuels. Indeed, most Americans believe that the government should “…focus on developing alternative sources of energy over expansion of fossil fuel sources” in a bid to alleviate climate change.

But as the shift to clean and renewable energy gains serious momentum, the United States is now facing another conundrum: It’s almost completely dependent on China for the minerals it uses to build clean energy systems.

China is a rare earth monopoly, supplying 80% of the rare earths elements (REE) used by the United States in the manufacture of solar panels, windmills, electric car batteries, cellphones, computers, national defense systems, medical equipment, and even in oil and gas technologies.

That leaves the country in a particularly precarious position, especially with the never-ending trade tensions between the two nations. Indeed, all it took was a simple visit to an obscure factory by Chinese President Xi at the height of the trade war last year to raise the specter of Beijing cutting off supplies of critical materials to the U.S. and potentially crippling large swathes of industries.

Further, the U.S. is about to start keenly feeling China’s stranglehold on the industry now that Biden is about to ascend into the Oval Office and possibly implement his ambitious Green Deal.

Depending on China

Rare earth minerals, also known as the “vitamins of chemistry”, are a group of elements used in the manufacture of a wide range of equipment in small doses to produce powerful salutary effects. These minerals are extensively used in smartphones, batteries, turbines, lasers, electromagnetic guns, missiles, advanced weapon sensors, stealth technology, and jamming technology. For instance, lanthanum is used in lighting equipment and camera lenses; neodymium in hybrid vehicles; praseodymium in aircraft engines; europium in nuclear reactors and gadolinium in MRIs and X-rays. Oil refiners also use rare earth catalysts to process crude oil into gasoline and jet fuel.

China produced more than 90 percent of the world’s supply of these critical elements over the past decade, though its share fell to 71.4 percent last year. 

In 2018, the U.S. Geological Survey identified 35 minerals critical to the country’s economy and national security. America is heavily dependent on imports of these minerals, producing less than a tenth of the world’s supplies and importing half what it consumes. It clearly highlights the U.S.’ soft underbelly.

And China’s dominance might only increase going forward.

The global REE industry is expected to nearly double from $8.1 billion in 2018 to $14.4 billion in 2025, as demand for EVs, cell phones, and microchips skyrockets. Biden anticipates this wild growth and has pledged to install 500,000 new EV charging stations by 2030 from the current U.S. tally of 26,000.

Beating China at its own game

But China’s control of REE might not necessarily be ‘‘an ace in Beijing’s hand’’ as the Global Times once claimed. On the contrary, the U.S. is actually in a strong position to dent China’s control of the industry and move towards rare earth independence.

Biden clearly recognizes this challenge and opportunity and has pledged to support the increased exploration of lithium, copper, nickel, and rare earths, among other minerals, to ensure domestic sourcing of minerals critical to solar panels, wind turbines, and electric vehicles.

Indeed, the government of the United States has been ramping up efforts to expand domestic mineral research and development.

For example, the bipartisan Reclaiming American Rare Earths (RARE) Act that was introduced in the House in September offers a comprehensive framework of tax incentives to encourage more investment into the U.S.-based REE mining and production. Meanwhile, dozens of companies and startups from Alaska to Texas are advancing mining development, with a site in Colorado about to become the first non-China facility for refining rare earth ores.

The U.S. is not exactly lacking in REE resources, either. For instance, a mountain in Wyoming called Bear Lodge holds about 18 million tons of REE, enough to supply the country for years.

And if push comes to shove and Beijing suddenly bans REE exports to the United States, America might counter by building a new supply chain outside of China just like Japan did when a similar fate befell the country a decade ago.

Or we can simply start recycling more.

Currently, only around 1% of REE are recycled from end-products at the end of their life-cycles.

Yet, the potential for recycling rare earths is huge.

2013 paper says that simply boosting the collection rate of batteries, bulbs, and magnets could improve the recycling rate of REE from one percent up to 20-40%. That would amount to up to 5% of global REE mine production, or nearly half of the U.S. annual mine supply. But we could do even better. As Simon Jowitt, assistant professor at UNLV’s Department of Geoscience, has told ArsTechnica, much more than 40% of REE could be recycled depending on adoption rates of technologies like EVs.

To be fair, recycling that amount of rare earths would not be a walk in the park

The diverse types of electronics being recycled would not necessarily contain enough rare earths and in the right proportions to make recycling those elements profitable. In many cases, the manufacturers usually are not responsible for running recycling operations, meaning they might not even be privy to which components contain what materials.

Here, the United States’ REE industry needs to borrow a leaf from Europe.

The EU’s Waste of Electrical and Electronic Equipment WEEE requires manufacturers of electronic devices to not only finance or perform the recycling of those devices but also requires sellers to offer free e-waste collection.

But ultimately, it might all boil down to political will–or lack thereof.

The permitting process in the U.S. is ridiculously long, and can take up to three decades compared to just two years in countries like Australia and Canada. Navigating a regulatory minefield of labyrinthine local, state, and federal rules stifle U.S. mining companies compared to their Chinese competitors.

But given recent bipartisan moves in the industry, legislators can hopefully look beyond party lines and affiliations and fashion a workaround.

end

A list of all of the chains that went bust this year

(Michael Snyder)

Tis The Season For Bankruptcies, Store Closings, & Tent Cities…

MONDAY, DEC 28, 2020 – 10:05

Authored by Michael Snyder via TheMostImportantNews.com,

We need to make 2021 a year of hope, because right now there is more economic suffering in America than we have seen since the Great Depression of the 1930s.  More than 100,000 businesses have permanently closed down since the pandemic began, many of our most iconic chains have filed for bankruptcy over the past 12 months, and tent cities are popping up in major cities all across the country.  Coming into this year, the suicide rate in the U.S. was already at an all-time record high, and a Gallup survey recently discovered that the mental health of Americans is at an all-time low.  If we can’t find a way to give people hope, multitudes of Americans will decide that life is no longer worth living just like Anthony Quinn Warner did.  The explosion in Nashville should be a wake up call for all of us, because there are countless others out there that are feeling the hopelessness that Warner did.

In 2020, we saw retail stores close their doors at a pace that we have never seen before.  According to the New York Post, NYC lost more than 1,000 chain stores all by itself…

The Big Apple saw almost one in seven nationally recognized chain-store branches close their doors as the pandemic sent consumers scurrying for cover, according to a new report.

A record high 1,057 chain stores — including 70 Duane Reades, 49 Starbucks and 22 Papyruses — have waved the white flag over the past 12 months, according to the Center for an Urban Future’s annual “State of the Chains” report, set to be ­released Wednesday.

If you go back to 2018, 0.3 percent of all chain stores in the city shut down permanently.

This year, that figure has skyrocketed to 13.3 percent

The 13.3 percent decline shatters all previous records reported by the nonprofit agency since it began tracking the data 13 years ago. Last year, just 3.7 percent of all chain outlets closed, up from 0.3 percent in 2018.

Of course the same thing is happening all over the nation.  Empty retail buildings now litter the landscape, and it is only going to get worse.

But it is hard to imagine that the next 12 months could actually be worse than the past 12 months.  In an article published earlier this month, CNN listed 30 major chains that have filed for bankruptcy in 2020…

  1. Papyrus
  2. Bar Louie
  3. Krystal
  4. Pier 1 Imports
  5. Modell’s Sporting Goods
  6. True Religion
  7. J.Crew Group
  8. Neiman Marcus
  9. JCPenney
  10. Souplantation and Sweet Tomatoes
  11. Tuesday Morning
  12. GNC
  13. CEC Entertainment
  14. NPC International
  15. Brooks Brothers
  16. Sur La Table
  17. Muji USA
  18. Lucky Brand
  19. RTW Retailwinds
  20. Ascena Retail Group
  21. California Pizza Kitchen
  22. Lord & Taylor
  23. Tailored Brands
  24. Stein Mart
  25. Century 21 (department store chain)
  26. Sizzler USA
  27. Ruby Tuesday
  28. Friendly’s
  29. Guitar Center
  30. Francesca’s

Sadly, now that the holiday season is done there will inevitably be another huge wave of store closings and bankruptcies.

Of course the new lockdowns are certainly not helping matters at all.  Millions upon millions of people are staying home and not spending money, and this is hitting the restaurant business particularly hard.

In fact, the National Restaurant Association is warning “that 40% to 50% of restaurants may go bankrupt in the months ahead” if something is not done…

The National Restaurant Association said that 40% to 50% of restaurants may go bankrupt in the months ahead if they don’t reopen immediately. Two of the U.S.’s most iconic restaurants, the 21 Club in Manhattan and the Cliff House in San Francisco, announced they had closed their doors permanently after nearly 100 years of business. As they die, so do hundreds of jobs in these cities. The workers out of work aren’t rich. Overall, 15 million middle-income people work for bars and restaurants.

I can definitely understand why so many restaurant owners are absolutely furious right now.

You can watch one restaurant owner give an impassioned speech in which he boldly declares that “I’m not ready to give my country up to these people” right here.  I have to admit, I got pretty fired up watching that one.

Unfortunately, the control freak politicians have shown that they are willing to take draconian measures in order to implement their ridiculous lockdowns.  For example, just recently heavily armed police heartlessly raided a hair salon that refused to comply with the COVID lockdown in California.  If I was that salon owner, I would move out of California and never look back.

What is ironic is that many of the politicians that are supposed to be the most “liberal” are the ones that are actually hurting those at the bottom of the economic food chain the most

Democrats and their liberal economic advisers obsess about income inequality. Will someone please tell them that no act in modern times has widened the gap between the rich and the poor more than the lockdowns going on right now?

Diane Yentel, the president and CEO of the leftist National Low Income Housing Coalition, said, “The majority of the up to 17 million households at risk of losing their homes this winter are people of color.”

As economic conditions continues to unravel, more Americans are falling out of the middle class and into poverty with each passing day, and we continue to see more evidence of this all around the nation.  In Chicago, it was being reported that people were lined up for 15 blocks to receive food and toys at a holiday giveaway…

A Chicago actress and her foundation brought 3,000 toys, food, and countless smiles to the West Garfield Park neighborhood for the holidays Wednesday.

As CBS 2’s Marissa Parra reported, people waited for more than two hours in their cars for the giveaway, and there were lines that stretched over 15 blocks – dramatically underscoring the need.

Can you imagine waiting in a line that is 15 blocks long?

The bread lines during the Great Depression were long, but I don’t think they were that long.

Homelessness is also growing at a very frightening rate, and this is fueling the rise of tent cities from coast to coast

Tent cities are expanding across the United States as experts warn that the ongoing pandemic could lead to a ‘catastrophic’ homeless crisis where hundreds of thousands more Americans are living on the streets.

In Phoenix, authorities have converted two enormous parking lots into tent cities for the homeless, but even the homeless are being required to follow social distancing protocols

To deal with an exploding homeless population and encourage social distancing during the pandemic, Marcipoa County officials turned this pair of asphalt-topped parking lots into the area’s newest homeless shelter. The county has more than 7,500 people on the streets, and nearly 5,000 dead from COVID-19.

Inside the crowded encampment, ringed by security fencing and barbed wire, each family has been allotted a 12-by-12-foot lot, marked by paint, to separate people as much as possible.

This is the cold, hard reality that multitudes of people are living at this point.  Dependence on the government and unquestioning submission to authorities have become a way of life for countless numbers of Americans, and economic conditions are not going to be getting better for the foreseeable future.

This is why we must give people hope in 2021 and beyond, because the amount of economic pain that we are witnessing around the country is already off the charts.

The government may be able to send checks to people, but it cannot give them hope.

And when people have lost all hope and have become extremely desperate, they can end up doing very foolish things just like Anthony Quinn Warner did.

*  *  *

Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.

end

iv) Swamp commentaries)

v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.

UK, EU announce post-Brexit trade deal, days before deadline

Even with a deal, trade between Britain and the E.U. will face customs checks and some other barriers on Jan. 1, when the U.K. leaves the bloc’s single market and customs union. A trade deal would avert the imposition of tariffs and duties that could cost both sides billions in trade and hundreds of thousands of jobs. Britain withdrew from the E.U. on Jan. 31, and an economic transition period expires on Dec. 31…

https://www.foxbusiness.com/markets/uk-eu-brexit-trade-deal

House Democrats’ effort to pass measure for $2,000 stimulus checks blocked by Republicans

The measures could only be passed under the chamber’s unanimous consent rules…

https://justthenews.com/government/congress/house-democrats-effort-pass-measure-2000-covid-stimulus-checks-blocked

@MarkBednar: House Democrats BLOCKED @RobWittman’s unanimous consent request to re-examine taxpayer spending on foreign aid – as President Trump called for.

Did Fauci Just Admit He Lied about Herd Immunity to Trick Americans into Vaccine?

He believes that it may take close to 90 percent immunity to bring the virus to a halt — almost as much as is needed to stop a measles outbreak.  Asked about Dr. Fauci’s conclusions, prominent epidemiologists said that he might be proven right. The early range of 60 to 70 percent was almost undoubtedly too low, they said, and the virus is becoming more transmissible, so it will take greater herd immunity to stop it.

    Dr. Fauci said that weeks ago, he had hesitated to publicly raise his estimate because many Americans seemed hesitant about vaccines, which they would need to accept almost universally in order for the country to achieve herd immunity…

https://www.zerohedge.com/covid-19/did-fauci-just-admit-he-lied-about-herd-immunity-trick-americans-vaccine

Minnesota lawmakers say coronavirus deaths could be inflated by 40% after reviewing death certificates – “I have other examples where COVID isn’t the underlying cause of death, where we have a fall. Another example is we have a freshwater drowning. We have dementia. We have a stroke and multiorgan failure,” Franson said in the video.  She added that in one case, a person who was ejected from a car was “counted as a COVID death” because the virus was in his system…

    “For 17 years, the CDC document that guides us as physicians to do death certificates has stood, but this year, we were told, through the Department of Health and the CDC, that the rules were changing if COVID-19 was involved.” “If it’s COVID-19, we’re told now it doesn’t matter if it was actually the diagnosis that caused death. If someone had it, they died of it,” he said…

https://www.washingtonexaminer.com/news/coronavirus-death-certificates-minnesota-inflated

Scientists Eye Potential Culprit Behind Covid-19 Vaccine Allergic Reactions – Researchers think polyethylene glycol, or PEG, could be responsible for allergic reactions to the Pfizer-BioNTech vaccine

https://www.wsj.com/articles/scientists-eye-potential-culprit-for-covid-19-vaccine-allergic-reactions-11608901200

Majority of Americans plan to delay COVID vaccine or not get it at all

65% said they will either “wait and see how it works,” that they’re “in no particular hurry,” or that they “will never take the COVID vaccine.” Just under a third, meanwhile—31%—expressed a wish to be vaccinated “as soon as possible,” while 4% were undecided…

https://justthenews.com/politics-policy/polling/majority-americans-plan-delay-covid-vaccine-or-not-get-it-all

Japan bans entry from all countries to block new strain’s spread

Japanese nationals and foreigners with long-term visas are exempt

    The ban will be in effect from Monday through the end of January. Japanese nationals and foreigners living in Japan will be permitted to return to the country…

https://asia.nikkei.com/Spotlight/Coronavirus/Japan-bans-entry-from-all-countries-to-block-new-strain-s-spread

U.S. holiday retail sales rise 3% as online shopping booms- Mastercard report   http://reut.rs/38zC4wI

Bitcoin Faces Regulatory Scrutiny after Record-Breaking Rally – “Generally, I think we have had challenges with the Dems — they prefer more regulation, more oversight,” Demirors said..

https://www.bloomberg.com/amp/news/articles/2020-12-27/bitcoin-faces-regulatory-scrutiny-after-record-breaking-rally

@realDonaldTrump on Thursday night: At a meeting in Florida today, everyone was asking why aren’t the Republicans up in arms & fighting over the fact that the Democrats stole the rigged presidential election? Especially in the Senate, they said, where you helped 8 Senators win their races. How quickly they forget!  I saved at least 8 Republican Senators, including Mitch, from losing in the last Rigged (for President) ElectionNow they (almost all) sit back and watch me fight against a crooked and vicious foe, the Radical Left Democrats. I will NEVER FORGET!

@realDonaldTrump on Saturday: If a Democrat Presidential Candidate had an Election Rigged & Stolen, with proof of such acts at a level never seen before, the Democrat Senators would consider it an act of war, and fight to the death. Mitch & the Republicans do NOTHING, just want to let it pass. NO FIGHT!

The “Justice” Department and the FBI have done nothing about the 2020 Presidential Election Voter Fraud, the biggest SCAM in our nation’s history, despite overwhelming evidence. They should be ashamed. History will remember. Never give up. See everyone in D.C. on January 6th.

    Where the hell is the Durham Report? They spied on my campaign, colluded with Russia (and others), and got caught. Read the Horowitz Reports about Comey & McCabe. Even the Fake News @nytimes

said “bad”. They tried it all, and failed, so now they are trying to steal the election!

The U.S. Supreme Court has been totally incompetent and weak on the massive Election Fraud that took place in the 2020 Presidential ElectionWe have absolute PROOF, but they don’t want to see it – No “standing”, they say. If we have corrupt elections, we have no country!

     A young military man working in Afghanistan told me that elections in Afghanistan are far more secure and much better run than the USA’s 2020 Election. Ours, with its millions and millions of corrupt Mail-In Ballots, was the election of a third world country. Fake President!

@realDonaldTrump on Saturday night: Time for Republican Senators to step up and fight for the Presidency, like the Democrats would do if they had actually won. The proof is irrefutable! Massive late night mail-in ballot drops in swing states, stuffing the ballot boxes (on video), double voters, dead voters, fake signatures, illegal immigrant voters, banned Republican vote watchers, MORE VOTES THAN ACTUAL VOTERS (check out Detroit & Philadelphia), and much more. The numbers are far greater than what is necessary to win the individual swing states, and cannot even be contested Courts are bad, the FBI and “Justice” didn’t do their job, and the United States Election System looks like that of a third world country. Freedom of the press has been gone for a long time, it is Fake News, and now we have Big Tech (with Section 230) to deal with.  But when it is all over, and this period of time becomes just another ugly chapter in our Country’s history, WE WILL WIN!!!

NewsMax’s @EmeraldRobinson: What you’re witnessing is the nasty public divorce of the GOP establishment from President Trump.

Trump is now punishing Republicans with his veto of the defense bill and possibly the Covid relief bill because the GOP Establishment is too craven or too anti-Trump to assist or support DJT in his fight against the massive vote fraud that occurred in the election – and probably for not defending him against Team Mueller and even the impeachment.

[GOP] Rep. Brooks: ‘Baffled’ by Senate Hesitancy to Challenge 2020 Outcome

U.S. Elections Could Reach a Point Akin to North Korea, China, Iran, Soviet Union

It has been baffling that the Senate has wanted to duck and hide and not do what needs to be doing in order to protect the foundation of any republic, which is whether you have an honest and accurate election system. It’s quite clear in America right now, we don’t….

https://gellerreport.com/2020/12/rep-brooks-baffled-by-senate-hesitancy-to-challenge-2020-outcome.html/

Nashville mayor believes ‘bomber’ was ‘targeting the AT&T building’ in suicide attack https://trib.al/YC5ihR7

Overstock founder @PatrickByrne: I am hearing the Nashville building blown up was not just AT&T, but the collection point for NSA Fairwinds/Pinecone, and owned by Cerberus when Hootan ran it, before going to run Dominion. Is that odd?

School choice activists upset COVID-19 stimulus bans governors from funding vouchers

‘Ultimately, the federal Democratic lawmakers in the House were completely in the grips of the teachers’ unions and the superintendents’ lobbyists,’ – Tommy Schultz, American Federation for Children

https://justthenews.com/politics-policy/education/school-choice-activists-upset-covid-19-stimulus-bill-bans-governors

President Trump Has Granted Clemency Less than Every President in Modern History Bar One

President Trump has granted clemency or pardoned 98 people in the last four years (76 pardons and 22 commutations). Obama, by comparison, granted clemency 1,927 times during his eight-year tenure, including 212 pardons and 1,715 commutations.

   In terms of total executive clemency actions, Obama granted the most since Harry S. Truman.  The only modern president who granted clemency less frequently than Trump is George H.W. Bush, who granted 77 pardons and commutations in his single term…

https://www.zerohedge.com/political/president-trump-has-granted-clemency-less-every-president-modern-history-bar-one

OAN’s @jennfranconews: President Trump has signed a $2.3 trillion package that combines COVID-relief with government funding.

GOP Sen @HawleyMO on Sunday night: @realDonaldTrump tonight says Senate leadership has promised votes on bills to increase the Covid relief payments to $2000 for working people AND to terminate Section230. Let’s vote!

Deputy Ass’t to Trump @JuddPDeere45: The Senate will start the process for a vote that increases checks to $2,000, repeals Section 230, and starts an investigation into voter fraud.

Fox’s @ChadPergram: Trump: The Senate will start the process for a vote that increases checks to $2,000, repeals Section 230, and starts an investigation into voter fraud.  Trump: On Monday the House will vote to increase payments to individuals from $600 to $2,000. Therefore, a family of four would receive $5,200.

Trump Statement on signing the Covid Relief Bill

https://twitter.com/joshdcaplan/status/1343367835301666817/photo/1

Be a free thinker and don’t accept everything you hear as truth. Be critical and evaluate what you believe in.” — Aristotle

Well that is all for today

I will see you TUESDAY night.

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