SEPTEMBER 2//JOBS REPORT TOMORROW//GOLD DOWN $4.45 TO $1809.45//SILVER DOWN 29 CENTS TO $23.89//GOLD STANDING INCREASES BY A QUEUE JUMP OF 1000 OZ TO 3.62 TONNES/SILVER STANDING FALLS TO 27.9 MILLION OZ //HUGE NUMBER OF COVID COMMENTARIES TODAY//VACCINE UPDATES/IVERMECTIN UPDATES// LAWSUITS FILED IN CANADA AND IN AUSTRALIA..CANADA WAS A CRIMINAL COMPLAINT: CRIMES AGAINST HUMANITY//VIEW THE SPANISH INTERVIEW ON THE PROBLEMS OF ALL 4 VACCINES//WHO NAMES THE NEXT VARIANT MU (GREEK LETTER)//MORE TRANSMISSIBLE AND ESCAPES VACCINE//AFGHANISTAN UPDATES: THEIR ECONOMY// 12.2 MILLION AMERICANS STILL ON THE DOLE//HURRICAN IDA LANDS IN THE NEW YORK AND CAUSES EXTENSIVE DAMAGE//SWAMP STORIES FOR YOU TONIGHT///

 

GOLD:$1809.45 DOWN $4.15   The quote is London spot price

Silver:$23.89 DOWN 29  CENTS  London spot price ( cash market)

 
 
 
 

Closing access prices:  London spot

i)Gold : $1809.75 LONDON SPOT  4:30 pm

ii)SILVER:  $23.89

//LONDON SPOT  4:30 pm

Jobs report tomorrow

Then gold/silver will fly!

 
 

PLATINUM AND PALLADIUM PRICES BY GOLD-EAGLE (MORE ACCURATE)

 

 

PLATINUM  $1001.65 DOWN  $3.35

PALLADIUM: $2405.75  DOWN $3.85  PER OZ.

 

END

Editorial of The New York Sun | February 1, 2021

end

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COMEX DETAILS//NOTICES FILED

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

receiving today 2/6

EXCHANGE: COMEX
CONTRACT: SEPTEMBER 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,813.100000000 USD
INTENT DATE: 09/01/2021 DELIVERY DATE: 09/03/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
657 C MORGAN STANLEY 4
661 C JP MORGAN 2
737 C ADVANTAGE 6
____________________________________________________________________________________________

TOTAL: 6 6
MONTH TO DATE: 932

issued:  0

Goldman Sachs stopped: 0

 

NUMBER OF NOTICES FILED TODAY FOR  dept. CONTRACT: 6 NOTICE(S) FOR 600 OZ  (0.0186 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR THIS MONTH:  932 FOR 93,200 OZ  (2.898 TONNES)

 

SILVER//sept CONTRACT

468 NOTICE(S) FILED TODAY FOR  2,340,000   OZ/

total number of notices filed so far this month 4810  :  for 24,050,000  oz

 

BITCOIN MORNING QUOTE  $48,154 DOWN 104  DOLLARS 

 

BITCOIN AFTERNOON QUOTE.:$49,304  UP 1046  DOLLARS 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

GLD AND SLV INVENTORIES:

Gold

WITH GOLD UP DOWN $4.15 AND NO PHYSICAL TO BE FOUND ANYWHERE:

NO CHANGES IN GOLD INVENTORY AT THE GLD: 

THEY REALIZE THAT THERE IS NO GOLD AT THE GLD AND THEY ARE SWITCHING TO PHYSICAL GOLD AT SPROTT(phys)  

 

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS)

 

GOLD IS “RETURNED” TO THE BANK OF ENGLAND WHEN CALLING IN THEIR LEASES: THE GOLD NEVER LEAVES THE BANK OF ENGLAND IN THE FIRST PLACE. THE BANK IS PROTECTING ITSELF IN CASE OF COMMERCIAL FAILURE

THIS IS A MASSIVE FRAUD!!

GLD  1000.26 TONNES OF GOLD//

Silver

AND WITH NO SILVER AROUND  TODAY: WITH SILVER DOWN 29 CENTS

A HUGE  CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 997, 000 OZ

FORM THE SLV….

 

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

WITH REGARD TO SILVER WITHDRAWALS FROM THE SLV:

THE SILVER WITHRAWALS ARE ACTUALLY “RETURNED” TO JPM, AS JPMORGAN CALLS IN ITS LEASES WITH THE SLV FUND.  (THE STORY IS THE SAME AS THE BANK OF ENGLAND’S GOLD). THE SILVER NEVER LEAVES JPMORGAN’S VAULT. THEY ARE CALLING IN THEIR LEASES FOR FEAR OF SOLVENCY ISSUES.

INVENTORY RESTS AT: 

 

549.903  MILLION OZ./SLV

xxxxx

GLD closing price//NYSE 169.26 DOWN 0.44 OR 0.26%

XXXXXXXXXXXXX

SLV closing price NYSE 22.13 DOWN $.24 OR 1.07%

XXXXXXXXXXXXXXXXXXXXXXXXX

 
 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 
 
 

Let us have a look at the data for today

SILVER COMEX OI ROSE BY A  STRONG 928 CONTRACTS TO 141,865, AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020. THE STRONG SIZED GAIN IN OI OCCURRED WITH OUR  $0.20 GAIN IN SILVER PRICING AT THE COMEX  ON WEDNESDAY.

OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN ,(IT ROSE BY $0.20)

AND THEY WERE UNSUCCESFUL IN KNOCKING OUT SOME SILVER LONGS. WE  ALSO HAD I) HUGE  BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/WE ALSO HAD  SOME ii) REDDIT RAPTOR BUYING//.    iii)  A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A  SMALL INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 27.64 MILLION OZ FOLLOWED BY A STRONG EFP JUMP TO LONDON OF 175,000 OZ//NEW STANDING 27.875 MILLION OZ  / v) VERY STRONG COMEX OI GAIN,
 
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
 
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS + 30
 

 

 
 
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS
 
 
SEPTEMBER
 
ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF SEPT:
 
588 CONTACTS  for 2 days, total 588 contracts or 2.940 million oz…average per day:  294 contracts or 1.470 million oz per day.

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF

SEPT:  2.940 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON

LAST 4 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: 140.120 MILLION OZ 

 

 
RESULT: , …WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 928 WITH OUR 20 CENT GAIN SILVER PRICING AT THE COMEX ///WEDNESDAYTHE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 550 CONTRACTS( 0 CONTRACTS ISSUED FOR SEPT AND 550 CONTRACTS ISSUED FOR DECEMBER) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.
 
TODAY WE HAD A  STRONG SIZED GAIN OF 1478 OI CONTRACTS ON THE TWO EXCHANGES(WITH OUR $0.20 GAIN/THE DOMINANT FEATURE TODAY: /HUGE BANKER SHORTCOVERING AS THEY GET OUT OF DODGE/  AND WE HAVE A  SMALL INITIAL SILVER OZ STANDING FOR SEPTEMBER 27.640 MILLION OZ FOLLOWED TODAY BY A HUGE E.F.P. JUMP TO LONDON OF 175,000 OZ TODAY//NEW STANDING 27.875 MILLION OZ//
 

WE HAD  468 NOTICES FILED TODAY FOR 2,340,000 OZ

GOLD

IN GOLD, THE COMEX OPEN INTEREST FELL BY A SMALL SIZED 1751  CONTRACTS TO 505,362 _ ,,AND FURTHER FROM  OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. 

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: — –   minus  221 CONTRACTS.

THE GOOD SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS IN PRICE OF $2.00///COMEX GOLD TRADING/WEDNESDAY. AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD SOME LONG LIQUIDATION AS THE TOTAL LOSS ON OUR TWO EXCHANGES TOTALLED 1183 CONTRACTS..  WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR SEPT AT 3.586 TONNES, FOLLOWED BY TODAY’S 1000 OZ QUEUE JUMP//NEW STANDING 3.629 TONNES// 
 
 
 

YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $2.00 WITH RESPECT TO WEDNESDAY’S TRADING

 

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

WE HAD A SMALL SIZED LOSS OF 1404  OI CONTRACTS (4.367 TONNES) ON OUR TWO EXCHANGES

 

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 347 CONTRACTS:

CONTRACT  AND JULY:  0; AUGUST: 0 & DEC 347  ALL OTHER MONTHS ZERO//TOTAL: 367 The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 505,362. 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 DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1404  CONTRACTS: 1751 CONTRACTS DECREASED AT THE COMEX AND 347 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 1404 CONTRACTS OR 4.367 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (347) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI (1751 OI): TOTAL LOSS IN THE TWO EXCHANGES: 1404 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) GOOD INITIAL STANDING AT THE GOLD COMEX FOR SEPT. AT 3.586 TONNES//FOLLOWED BY TODAY’S 1000 OZ QUEUE JUMP//NEW STANDING 3.629 TONNES / 3) ZERO LONG LIQUIDATION, /// ;4)SMALL SIZED COMEX OI LOSS5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL

 

SPREADING OPERATIONS(/NOW SWITCHING TO GOLD)

 

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED   AS WE HEAD TOWARDS THE  NEW ACTIVE FRONT MONTH OF OCT. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD

 

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

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:
HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF SEPT HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF OCT, FOR GOLD:

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

 
 
 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2021 INCLUDING TODAY

SEPTEMBER

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF SEPT : 1976, CONTRACTS OR 197,600 oz OR 6.146 TONNES (2 TRADING DAY(S) AND THUS AVERAGING: 988 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 2 TRADING DAY(S) IN  TONNES: 6.146 TONNES

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

THUS EFP TRANSFERS REPRESENTS  6.146/3550 x 100% TONNES  0.173% OF GLOBAL ANNUAL PRODUCTION

 

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE
 
JANUARY: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
 
FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN)..
 
MARCH:.   276.50 TONNES (STRONG AGAIN///IT SURPASSED JANUARY!!)

 

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          6.146 TONNES INITIAL ISSUANCE

 

 

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

 

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

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG 928 CONTRACTSTO 141,865 AND CLOSER TO TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  3 1/4 YEARS AGO.  

EFP ISSUANCE 550 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

  JULY 0  AND SEPT: 0; DEC 550  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  550 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN OF 928 CONTRACTS AND ADD TO THE 550 OI TRANSFERRED TO LONDON THROUGH EFP’S,WE OBTAIN A VERY STRONG SIZED GAIN OF 1478 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.

 

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 7.39 MILLION  OZ, OCCURRED WITH OUR $0.20 GAIN IN PRICE. 

 

 

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

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

 

2 ) Gold/silver trading overnight Europe, Gold

(Peter Schiff, Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,

 
 
 

3. ASIAN AFFAIRS

i)THURSDAY MORNING/WEDNESDAY  NIGHT: 

SHANGHAI CLOSED UP 29.64  PTS  OR 0.84%   //Hang Sang CLOSED UP 62.14 PTS OR 0.24%      /The Nikkei closed UP 92.49 PTS OR 0.33%   //Australia’s all ordinaires CLOSED DOWN 0.37%

/Chinese yuan (ONSHORE) closed UP TO 6.4582  /Oil DOWN TO 69.00 dollars per barrel for WTI and 72.80 for Brent. Stocks in Europe OPENED ALL MIXED   /ONSHORE YUAN CLOSED  DOWN AGAINST THE DOLLAR AT 6.4582. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.4521/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

NORTH KOREA//USA/OUTLINE

END

b) REPORT ON JAPAN

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

OUTLINE
 

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

GOLD

LET US BEGIN:

 

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A SMALL SIZED 1751 CONTRACTS TO 505,362 MOVING FURTHER FROM THE 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 DECREASE OCCURRED WITH OUR LOSS OF $2.00 IN GOLD PRICING WEDNESDAY’S COMEX TRADING.WE ALSO HAD A TINY EFP ISSUANCE (347 CONTRACTS). …AS THEY WERE PAID HANDSOMELY  NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. LOOKS LIKE OUR BANKERS ARE FINALLY BAILING OUT!!

 

WE NORMALLY HAVE WITNESSED  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. IT SEEMS THAT ARE BANKERS FRIENDS ARE EXERCISING EFP’S FROM LONDON AND NOW THEY ARE LOATHE TO ISSUE NEW ONES.  

 

(SEE BELOW)

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

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW MOVING TO THE  ACTIVE DELIVERY MONTH OF SEPT..  THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 347 EFP CONTRACTS WERE ISSUED:  ;: ,  JULY 0 & AUGUST:  & DEC.  347  & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 347  CONTRACTS 

 

WHEN WE HAVE BACKWARDATION,  EFP ISSUANCE IS VERY COSTLY BUT THE REAL PROBLEM IS THE SCARCITY OF METAL AND IT IS FAR BETTER FOR OUR BANKERS TO PAY OFF INDIVIDUALS THAN RISK INVESTORS ESPECIALLY FROM LONDON STANDING FOR DELIVERY. THE LOWER PRICES IN THE FUTURES MARKET IS A MAGNET FOR OUR LONDONERS SEEKING PHYSICAL METAL. BACKWARDATION ALWAYS EQUAL SCARCITY OF METAL!

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED 1404 TOTAL CONTRACTS IN THAT 347 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A SMALL SIZED COMEX OI OF 1751 CONTRACTS.  WE HAVE A GOOD AMOUNT OF GOLD TONNAGE STANDING FOR SEPT   (3.629),

 HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 8 MONTHS OF 20201:

SEPT: 3.629 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB. 113.424 TONNES

JAN: 6.500 TONNES.

 

TOTAL SO FAR THIS YEAR (JAN- AUGUST): 411.289 TONNNES

 

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT FELL $2.00).,AND THEY WERE  SUCCESSFUL IN FLEECING SOME LONGS AS THE TOTAL LOSS ON THE TWO EXCHANGES REGISTERED 4.367 TONNES. ACCOMPANYING OUR GOOD GOLD TONNAGE STANDING FOR SEPT. (3.629 TONNES)..I  STRONGLY BELIEVE THAT OUR BANKER FRIENDS ARE GETTING QUITE NERVOUS.  THE HUGE SIZED GAIN IN COMEX OI IS DUE TO BANKER SHORT COVERING IN A BIG WAY.  THEY ARE LOOKING OVER THEIR SHOULDERS AND WITNESSING MASSIVE SILVER/GOLD SHORTAGES THAT CANNOT BE COVERED. THEY ARE TRYING TO FLEE IN HASTE “FROM DODGE”.

WE HAD -221  CONTRACTS FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT. 

 

NET LOSS ON THE TWO EXCHANGES :: 1404 CONTRACTS OR 140400 OZ OR 4.367 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 PRODUCT.
 
THUS IN GOLD WE HAVE THE FOLLOWING:  505,362 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 50.53 MILLION OZ/32,150 OZ PER TONNE =  15.71 TONNES

 

THE COMEX OPEN INTEREST REPRESENTS 1571/2200 OR 71.43% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

 

Trading Volumes on the COMEX GOLD TODAY:114,803 contracts//    / volume//awful///

CONFIRMED COMEX VOL. FOR YESTERDAY: 150,037 contracts//awful

 

// //most of our traders have left for London

 

SEPT 2

/2021

 
INITIAL STANDINGS FOR SEPT COMEX GOLD
 
 
 
 
 
 
 
 
 
 
 
 
 
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
 
9076.283OZ
 
 
 
 
JPMorgan
Malca
includes 33 kilobars from Malca
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposit to the Dealer Inventory in oz
nil
OZ
 
 
 
 
 
 

 

Deposits to the Customer Inventory, in oz
 
 
 
 
96.453
 
oz
Delaware
3 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
6  notice(s)
600 OZ
 
0.0186 TONNES
No of oz to be served (notices)
235 contracts
23500 oz
 
0.7309 TONNES
 
 
Total monthly oz gold served (contracts) so far this month
932 notices
93200 OZ
2.898 TONNES
 
 
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz
 
 
 
We had 0 deposit into the dealer
 
 
 
 
total deposit: nil   oz 
 

total dealer withdrawals: nil oz

we had  1 deposit into the customer account
 
i) Into Delaware: 96.453 oz  (3 kilobars) 
 
TOTAL CUSTOMER DEPOSITS 96.453 oz  oz  
 
 
 
 
 
 
We had 2  customer withdrawals.

 

i) Out of JPMorgan  8015.300 oz  (real gold leaving)

ii) Out of Malca: 1060.983 oz ( 33 kilobars

 

 
 
 
 
 
total customer withdrawals  9076.283  oz
     
 
 
 
 
 
 
 
 
 

We had 3  kilobar transactions 3 out of  4 transactions)

ADJUSTMENTS 1//  dealer to customer account

i)Loomis  11,670.450 oz (363 kilobars)

 

 
 
the front month of September has an open interest of 241 for a GAIN of 10 contracts. We had 0 notices served on Wednesday.  Thus we gained 10 contracts or an additional 1000 oz will stand for delivery in this non active delivery month of September for gold.
 
 
 
 
OCTOBER LOST 1568 CONTRACTS DOWN TO 38,785
NOVEMBER GAINED ITS FIRST 30 CONTRACTS TO STAND AT 30
.
DEC LOST  534  TO STAND AT 418,493
 

We had 6 notice(s) filed today for 600  oz

FOR THE SEPT 2021 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 6  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and 00 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 SEPT /2021. contract month, we take the total number of notices filed so far for the month (932) x 100 oz , to which we add the difference between the open interest for the front month of  (SEPT: 241 CONTRACTS ) minus the number of notices served upon today  6 x 100 oz per contract equals 116,700 OZ OR 3.629 TONNES) the number of ounces standing in this active month of SEPTEMBER.  

 

thus the INITIAL standings for gold for the SEPT contract month:

No of notices filed so far (932) x 100 oz+( 241)  OI for the front month minus the number of notices served upon today (6} x 100 oz} which equals 116,700 oz standing OR 3.629 TONNES in this  active delivery month of SEPTEMBER.

We gained 10 contracts or an additional 1000 oz will stand for delivery over on this side of the pond.

TOTAL COMEX GOLD STANDING:  3.629 TONNES

 
 

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

NEW PLEDGED GOLD:

427,737.391, oz NOW PLEDGED  march 5/2021/HSBC  13.30 TONNES

229,101.115 PLEDGED  MANFRA 7.12 TONNES

306,347.005, oz  JPM  9.52 TONNES

1,195,064.751 oz pledged June 12/2020 Brinks/37.17 TONNES

104,945.541, oz Pledged August 21/regular account 3.164 tonnes JPMORGAN

54,250.898 oz International Delaware:  1.68 tonnes

169,535.980 oz Malca  5.28 TONNES

total pledged gold:  2,317,101.115oz                                     72.07 tonnes

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 501.07 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS 3.6289 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

 

total registered or dealer  18,409,699.492 oz or 572.61 tonnes
 
 
 
total weight of pledged: 2,317,101.115 oz or 72.07 tonnes
 
 
registered gold that can be used to settle upon: 16,092,598.0 (500.54 tonnes) 
 
 
 
 
true registered gold  (total registered – pledged tonnes16,092,598.0 (500.54 tonnes)   
 
 
total eligible gold: 15,733,856.074 oz   (489.38 tonnes)
 
 
 
total registered, pledged  and eligible (customer) gold  34,143,555.566 oz or 1,062.00 tonnes
 (INCLUDES 4 GC GOLD)
 
 

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  935.66 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:
 
 
 
 
 
 
 
END

SEPT2/2021

And now for the wild silver comex results

INITIAL STANDING FOR SILVER//SEPTEMBER

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
 
1,294,739.015  oz
 
CNT
JPMorgan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
nil OZ
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory
1,206,361.795
 OZ
CNT
Delaware
Manfra
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
468
 
CONTRACT(S)
2,340,000  OZ)
 
No of oz to be served (notices)
765 contracts
 3,825,000oz)
Total monthly oz silver served (contracts)  4810 contracts

 

24,050,000 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 deposit into the dealer
 
 

total dealer deposits:  nil        oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had  3 deposits into customer account (ELIGIBLE ACCOUNT)

i) Into CNT:  626,497.500 oz

ii) Ino Delaware: 970.695 oz

iii) Into Manfra: 578,893.600 oz

 

 
 
 

JPMorgan now has 186.574 million oz  silver inventory or 51.23% of all official comex silver. (186.574 million/362.617 million

total customer deposits today 1,206,361.795   oz

we had 2 withdrawals

i) out of CNT 696,950.715 oz

ii) Out of JPMorgan: 597,788.300

 

 

total withdrawal 1,294,739.015        oz

 

adjustments: 1 dealer to customer
 
i)Brinks:  118,894.770 oz
customer to dealer:
ii) Manfra:  581,313.880 oz
 
 
 

Total dealer(registered) silver: 107.7 million oz

total registered and eligible silver:  362.617 million oz

a net 0,080 million oz leaves  the comex silver vaults.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 
 
For Sept. we have an open interest of 1233 for a loss of 551 contracts.  We had 516 notices served on Tuesday, so we lost 35 contracts or 175,000 additional oz will not stand for delivery in this very active delivery month of September.
 
 
 

OCTOBER LOST 57 CONTRACTS TO STAND AT 2293

NOVEMBER GAINED 0 TO STAND AT  1

DEC GAINED 1060 CONTRACTS UP TO 125,760

 
NO. OF NOTICES FILED: 468  FOR 2,340,000 OZ.

To calculate the number of silver ounces that will stand for delivery in SEPTEMBER. we take the total number of notices filed for the month so far at  4810 x 5,000 oz = 24,050,000 oz to which we add the difference between the open interest for the front month of SEPT (1233) and the number of notices served upon today 468 x (5000 oz) equals the number of ounces standing.

Thus the SEPT standings for silver for the SEPT./2021 contract month: 4810 (notices served so far) x 5000 oz + OI for front month of SEPT(1233)  – number of notices served upon today (468) x 5000 oz of silver standing for the SEPTEMBER contract month .equals 27,875,000 oz. ..

We lost 35 contracts or 175,000 oz will not stand on this side of the pond as these guys morphed into London based forwards. 

 

TODAY’S ESTIMATED SILVER VOLUME  37,429 CONTRACTS // volume awful///

 

FOR YESTERDAY  52,814  ,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  RISES TO -1.64% (SEPT2/2021)

SILVER FUND POSITIVE TO NAV

no of oz of physical silver held  JULY 8.2021;  150,926,000  (GAIN OF 6.411 MILION OZ IN A MONTH)

No of oz of physical silver held; MAY 24/2021  144,515,694 OZ

No. of oz of physical silver held:  Sept 20/20: 85,907.3616  Oz

No of oz pf physical silver held: Dec 21/2019:  65,073.570 Oz

During the past 8 months Sprott has added: 58,608.30 Oz

So far this year: 53.8 million oz

2. Sprott gold fund (PHYS): premium to NAV RISES TO -0.85% nav   (SEPT2)/2021 )

 

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

NAV $18.45 TRADING 17.89//NEGATIVE  3.04

 

END

 

And now the Gold inventory at the GLD/(this vehicle is a fraud as there is no gold behind them!

SEPT 2/WITH GOLD DOWN $4.45 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1000.26 TONNES

SEPT 1/WITH GOLD DOWN $2.00 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.46 TONNES FORM THE GLD////INVENTORY RESTS AT 1000.26 TONNES.

AUGUST 31/WITH GOLD UP $5.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1001.72 TONNES./

AUGUST 30/WITH GOLD DOWN $7.15 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1001.72 TONNES/

AUGUST 27/WITH GOLD UP $23.79 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1001.72 TONNES

AUGUST 26/WITH GOLD UP $6.10 TODAY, A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.91 TONNES FROM THE GLD////INVENTORY RESTS AT 1001.72 TONNES.

AUGUST 25/WITH GOLD DOWN $17.00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES FROM THE GLD////INVENTORY RESTS AT 1004.63 TONNES

AUGUST 24/ WITH GOLD UP $2.60 TODAY: A MONSTER CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 4.95 TONNES//INVENTORY RESTS AT 1006.66 TONNES.

AUGUST 23/WITH GOLD UP $21.25 TODAY:  NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1011.61 TONNES// 

AUGUST 20/WITH GOLD UP $1.05 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 3.49 TONNES FROM THE GLD //INVENTORY RESTS AT 1011.61 TONNES

AUGUST 19/WITH GOLD DOWN $1.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1015.10 TONNES/

AUGUST 18/WITH GOLD  DOWN $2.85 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 5.53 TONNES FROM THE GLD////INVENTORY RESTS AT 1015.10 TONNES/

AUGUST 17/WITH GOLD DOWN $2.50 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 1.16 TONNES FROM THE GLD///INVENTORY RESTS AT 1020.63 TONNES

AUGUST 16/WITH GOLD UP $11.50 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A LOSS OF 1.75 TONNES FROM TH EGLD///INVENTORY RESTS AT 1021.79 TONNES

AUGUST 13/WITH GOLD UP $26.20 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1023.54 TONNES

AUGUST 12/ WITH GOLD DOWN $1.20 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1023.54 TONNES

AUGUST 11/WITH GOLD UP $21.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1023.54 TONNES

AUGUST 10/WITH GOLD UP $11.50 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.75 TONNES FROM THE GLD////INVENTORY RESTS AT 1023.54 TONNES

AUGUST 9/WITH GOLD DOWN $37.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1025.29 TONNES

AUGUST 6/WITH GOLD DOWN $44.10 TODAY: TWO CHANGES IN GOLD INVENTORY AT THE GLD: A SMALL WITHDRAWAL OF .36 TONNES TO PAY FOR FEES. ANDLATE IN THE DAY A HUGE 2.32 TONNE WITHDRAWAL//INVENTORY RESTS AT 1025.29 TONNES

AUGUST 5/WITH GOLD DOWN $5.15 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1027.97 TONNES

AUGUST 4/WITH GOLD UP $.45 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES FROM THE GLD///INVENTORY RESTS AT 1027.97 TONNES

AUGUST 3/WITH GOLD DOWN $6.95 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.75 TONNES FROM THE GLD../INVENTORY RESTS AT 1029.71 TONNES.

AUGUST 2/WITH GOLD UP $4.45 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1031.46 TONNES.

JULY 30/WITH GOLD DOWN $17.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1031.46 TONNES

JULY 29/WITH GOLD UP $29.80 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A HUGE PAPER DEPOSIT OF 5.82 TONNES INTO THE GLD////INVENTORY RESTS AT 1031.46 TONNES

JULY 28/WITH GOLD UP $1.00 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1025.64 TONNES

JULY 27/WITH GOLD UP 90 CENTS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 1.74 TONNES FROM THE GLD/INVENTORY RESTS AT 1025.64 TONNES.

JULY 26/WITH GOLD DOWN $1.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1027.35 TONNES.

JULY 23/WITH GOLD DOWN $3.20 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.17 TONNES FROM THE GLD///INVENTORY RESTS AT 1027.35 TONNES

JULY 22/WITH GOLD UP $2.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1027.38 TONNES

JULY 21/WITH GOLD DOWN $7.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1028.55 TONES/

 
 
 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at:

 

SEPT 2 / GLD INVENTORY 1000.26 tonnes

 

LAST;  1126 TRADING DAYS:   +75.45 TONNES HAVE BEEN ADDED THE GLD

 

LAST 976 TRADING DAYS// +  250.87. TONNES HAVE NOW  BEEN ADDED INTO  THE GLD INVENTORY

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them!)

SEPT 2/WITH SILVER DOWN 29 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 977,000 OZ FROM THE SLV////INVENTORY RESTS AT 549.903 MILLION OZ

SEPT 1/WITH SILVER UP 20 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 550.880 MILLION OZ.

AUGUST 31/WITH SILVER UP 2 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 5.002 MILLION OZ INTO THE SLV/////INVENTORY RESTS AT 550.880 MILLION OZ

 

AUGUST 30/WITH SILVER DOWN 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY REST S AT 545.878 MILLION OZ////

AUGUST 27/WITH SILVER UP 47 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 545.878 MILLION OZ/./

AUGUST 26/WITH SILVER DOWN 22 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 545.878 MILLION OZ//

AUGUST 25/WITH SILVER DOWN 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 545.878 MILLION OZ/

AUGUST

24/WITH SILVER UP 37 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLSV: ANOTHER PAPER WITHDRAWAL OF 3.427 MILLION OZ AND THIS IS HEADING FOR SPROTT//INVENTORY RESTS AT 545.878 MILLION OZ..

AUGUST 23/WITH SILVER UP 50 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV;A HUGE WITHDRAWAL OF 2.641 MILLION OZ//INVENTORY RESTS AT 549.305 MILLION OZ//

AUGUST 20/WITH SILVER DOWN 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 551.946 MILLION OZ//

AUGUST 19/WITH SILVER DOWN 20 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: ANOTHER WITHDRAWAL OF 1.389 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 551.946 MILLION OZ/

AUGUST 18/ WITH SILVER DOWN 25 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//A WITHDRAWAL OF 2.131 MILLION OZ FROM THE SLV.INVENTORY REST AT 553.375 MILLION OZ

AUGUST 17/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.466 MILLION OZ.

AUGUST 16/WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.466 MILLION OZ//

AUGUST 13/WITH SILVER UP 59 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE   SLV: A DEPOSIT OF 2.038 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 555.466 MILLION OZ.

AUGUST 12/WITH SILVER DOWN 39 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.428 MILLION OZ//

AUGUST 11/WITH SILVER UP 13 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.428 MILLION OZ//

AUGUST 10.WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.428 MILLION OZ/

AUGUST 9/WITH SILVER DOWN 78 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 371,000 OZ INTO THE SLV////INVENTORY RESTS AT 553.428 MILLION OZ//

AUGUST 6/WITH SILVER DOWN 86 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 553.057 MILLION OZ.

AUGUST 5/WITH  SILVER DOWN 17 CENTS TODAY;NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.057 MILLION OZ//

AUGUST 4/WITH SILVER DOWN 12 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV;A WITHDRAWAL OF 240,000 OZ FORM THE SLV//INVENTORY REST AT 553.057 MILLION OZ//

AUGUST 3/WITH  SILVER UP 4 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.297 MILLION OZ..

AUGUST 2/WITH SILVER UP 5 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.297 MILLION OZ.

JULY 30/WITH SILVER DOWN 23 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.02 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 553.297 MILLION OZ//

JULY 29/WITH SILVER UP 86 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.151 MILLION OZ//INVENTORY RESTS AT 552.277 MILLION OZ..

JULY 28/WITH SILVER UP 20 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.428 MILLION OZ//

JULY 27/WITH SILVER DOWN 64 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.428 MILLION OZ..

JULY 26/WITH SILVER UP 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.428 MILLION OZ.

JULY 23/WITH SILVER DOWN 11 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 555.428 MILLION OZ.

JULY 22/WITH SILVER UP 10 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A PAPER WITHDRAWAL OF 1.483 MILLION OZ FROM THE SLV/////INVENTORY RESTS AT 555.428 MILLION OZ..

JULY 21/WITH SILVER UP 25 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 556.911 MILLION OZ//

 
 

SLV INVENTORY RESTS TONIGHT AT

SEPT2/2021      549.903 MILLION OZ

 
 

PHYSICAL GOLD/SILVER STORIES

Peter Schiff

 

EGON VON GREYERZ//MATHEW PIEPENBERG/JIM RICKARDS/PAM AND RUSS MARTENS

 

OR LAWRIE WILLIAMS

LAWRIE WILLIAMS: Gold and silver

LAWRIE WILLIAMS: Currency devaluations ahead. Hold gold.

World currencies have to be vulnerable to value deterioration. The potent combination of ultra-high debt levels run up as a protection for the person in the street against the adverse economic effects of the COVID-19 pandemic and the restrictive measures to try and combat it. This all leads to resultant high inflation as the world begins to shrug off its effects, and could well have a devastating effect on the buying power of domestic currencies all around the world.

Gold tends to be a great wealth protector under these circumstances. You can’t rely on overvalued equities or hybrid cryptocurrencies to protect what you have, and more. Equities are probably overdue for a major crash anyway, and bitcoin saw its value halved recently in just a few days, and this could very easily happen again. However, gold does mostly stand the tests of time as a value retainer.

It is noticeable that, for example, investors in Germany – a country that suffered hyper-inflation just less than 100 years ago – have been turning to gold in their droves recently, while traditional gold hoarding nations, mostly in Asia, have also been seeing an influx of investment interest in the yellow metal. Gold’s value protection properties are built into the psyche of citizens of countries that have experienced such a domestic currency breakdown in living memory.

Gold is stable money, whereas fiat currencies can be subject to value deterioration, and even total collapse. Even in a supposedly strong economy, like that of the U.S., it is estimated that the purchasing power of the dollar has diminished by as much as 90% or more over the past 50 years. In relation to gold it has deteriorated even more (perhaps 98%). True, the gold price rise in relation to the dollar has not been a straight line relationship, but anyone alive today who can remember back to prices being paid for staple goods, household items, automobiles etc. 50 years ago will know exactly what we are talking about.

According to an article published on Bloomberg.com veteran investor Mark Mobius recommends that investors should invest say 10% of a portfolio in gold – a common suggestion among gold’s proponents. He predicts that currencies will be devalued against gold, following the huge unprecedented stimulus amounts unleashed by many countries to fight the COVID-19 coronavirus pandemic

Mobius stated “10% should be put into physical gold,” reports Bloomberg. Mobius has a good track record and is known to be gold supportive. He set up Mobius Capital Partners after more than three decades at Franklin Templeton Investments. “Currency devaluation globally is going to be quite significant next year given the incredible amount of money supply that has been printed.” Mobius is reported as going on to say.

The gold price had rallied to a record level of over $2,000 an ounce last August, boosted by the spread of the high virus pandemic infection rates being experienced in some of the world’s most advanced economies. As the virus shows signs of being brought under some kind of control due to vaccine rollouts – more successfully in some countries than others – the gold price has fallen back, but seems to be consolidating at, or around, the $1,800 level.

“It is going to be very, very good to have physical gold that you can access immediately without the danger of the government confiscating all the gold,” Mobius said in an interview, reports Bloomberg.

The country which is probably now key to gold price progress, or otherwise, is the U.S., where activity in the gold futures markets has the prime global price-setting role at present. The U.S. is currently seeing a significant surge in new virus infections – in part brought on by vaccination acceptance being something of a political choice with residents in Republican states more likely to shun vaccination than in Democrat ones. However, the overall effect is to cast doubts on the speed of the nation’s economic recovery. The U.S. is also the world’s most indebted country which makes the dollar one of the most vulnerable currencies to degradation, according to Mobius’ argument.

U.S. debt run up to counter the effects of the virus pandemic alone is estimated at comfortably over $3 trillion and continues to grow at a substantial rate. However this is only a small part of the country’s huge national debt position. Total debt is put at over $28 trillion and interest alone on this is around $1billion per day and is expected to double in the next decade. The size of this debt is such that it is highly unlikely it can ever be repaid which could lead to a continual weakening of the dollar index over time, which should be gold positive in the medium to long term.

02 Sep 2021

-END-

ii) Important gold commentaries courtesy of GATA/Chris Powell

From the London’s financial times:

The Debt ceiling fight is pushing money market funds to the brink as the Biden administration is running out of treasuries to fund this market

(London’s financial times)

Debt ceiling fight pushes money market funds to brink

 

 

 Section: Daily Dispatches

 

And people sneer that gold doesn’t pay interest, though it does when, like anything else, it is leased. To try to avoid negative interest rates, maybe some brokerage house should start a money-market fund that holds gold instead of government currencies — if, of course, the government would allow any brokerage house to demonstrate gold’s enduring utility as money.

* * *

By Kate Duguid
Financial Times, London
Wednesday, September 1, 2021

The supply of the safest U.S. government bonds has been cut this month after federal spending limits were reinstated, driving prices higher and reigniting problems for the money market fund industry — which has already been bailed out by the Federal Reserve once this year. 

 Treasury bills — US bonds that mature in a year or less — were already scant this year after the U.S. lengthened the average duration of its new debt issues. Supply then took another hit after Congress failed to pass legislation in July that would have allowed the Treasury department to issue new debt — known as raising the debt ceiling.

Analysts estimate issuance of new Treasury bills has been cut by roughly $900 billion so far this year. That limited supply has driven prices higher and yields — the premium investors are paid to hold the debt — down to levels just above zero. When some yields turned negative in May, the Fed intervened to put a floor under those rates. 

But the worsening supply crunch is drastic enough that rates are heading back towards zero despite the Fed’s support. “The Fed facility in its capacity now is helpful, but we’re starting to see it running out of gas,” said Tom Simons, money market economist at Jefferies. …

… For the remainder of the report:

https://www.ft.com/content/1e4cbb80-14b3-415c-876b-6629a4da2b51

end

Iamgold suspends convoys to Burkina Faso gold mine after an attack. Iamgold suspends convoys and will now have difficulty getting supplies into the mine. 

(Reuters)

Iamgold suspends convoys to Burkina Faso gold mine after attack

 

 

 Section: Daily Dispatches

 

By Aaron Ross and Cooper Inveen
Reuters
Wednesday, September 1, 2021

OUAGADOUGOU, Burkina Faso — Gunmen attacked a convoy of Iamgold Corp. vehicles travelling to the Essakane gold mine in Burkina Faso on Tuesday, wounding one police officer before being repelled by the convoy’s security detail, the Canadian mining company said.

Following the attack, Iamgold has suspended convoys to and from Essakane, which is the company’s biggest operating mine and is near the border with Niger.

Assailants fired on the vehicles from several hundred metres away and retreated after a brief firefight with security personnel. No passengers were hurt and the police officer is in a stable condition, the company statement issued on Tuesday said.

“After analysis of the situation, all convoys coming or going to Essakane are cancelled until further notice,” the Toronto-listed company said. …

… For the remainder of the report:

https://www.reuters.com/world/africa/iamgold-suspends-convoys-burkina-faso-gold-mine-after-attack-2021-09-01/

END

OTHER PHYSICAL STORIES

 
 

Your early THURSDAY 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 6.4582 

 

//OFFSHORE YUAN 6.4521  /shanghai bourse CLOSED UP 29.94 PTS OR 0.84% 

HANG SANG CLOSED UP 62.14 PTS OR 0.24 %

2. Nikkei closed UP 92.49 PTS OR 0.33% 

 

3. Europe stocks  ALL MIXED

 

USA dollar INDEX DOWN TO  92.42/Euro RISES TO 1.1851

3b Japan 10 YR bond yield: RISES TO. +.031/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 110,36/ 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 ABOVE 17,000

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

3e WTI:: 69.00 and Brent: 72.80

3f Gold UP/JAPANESE Yen UP 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 FALLS TO -.387%/Italian 10 Yr bond yield FALLS to 0.67% /SPAIN 10 YR BOND YIELD DOWN TO 0.31%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.06: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.75

3k Gold at $1815.65 silver at: 24.17   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 28/100 in roubles/dollar) 72.77

3m oil into the 69 dollar handle for WTI and  71 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 109.98 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this morning .9152 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0845 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year RISING to 0.387%

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 1.294% early this morning. Thirty year rate at 1.910%

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

6.  TURKISH LIRA:  UP  TO 8.27..  VERY DEADLY

Futures Just Keep Ramping Higher As Bitcoin Rises Above $50,000

 
THURSDAY, SEP 02, 2021 – 07:47 AM

The financial capital of the world may be shut down after record flooding from Ida’s remnants has effectively frozen mass transit in New York, but that is not preventing the algos, trading out of comfortable, air-conditioned server farms to ramp S&P futures higher and this morning spoos are up again rising by 0.2% or 8 points to 4,529 with Nasdaq and Dow Jones futures both about 0.2% higher as attention turns to today’s initial claims data which is expected to print at 345K ahead of tomorrow’s closely watched payrolls report. 10Y Treasury yields steadied below 1.30%. The dollar was little changed, while bitcoin rose above $50,000.

After the NYSE FANG index hit a new all time high yesterday, tech names were again broadly higher while a rise in the price of Brent crude above $72 helped move energy stocks higher after Wednesday’s drubbing. Here are some other notable movers today:

  • Assembly Biosciences (ASMB) shares tumble 21% in premarket trading after the biopharmaceutical company announced plans to scrap the development of its ABI-H2158 (2158) drug for the treatment of chronic hepatitis B. William Blair downgraded its rating to market perform from outperform, citing a lack of clarity surrounding the serious adverse events induced by 2158, along with a scarcity of near-term catalysts.
  • U.S. listed shares of Chinese ride hailing firm Didi (DID) fell 1.3% after Chinese regulators summoned ride-hailing firms including Didi to discuss concerns related to the sector.
  • ChargePoint (CHPT) surges 12% with Jefferies (buy) saying the EV-charging company’s 2Q results and FY guidance look strong.
  • Chewy (CHWY) shares fall 9.4% premarket after the online pet products retailer’s sales outlook and guidance disappointed, prompting analysts to trim price targets.
  • Cryptocurrency-exposed stocks rise premarket, with Bitcoin continuing to gain and trading around the closely- watched $50,000 level. Bit Digital (BTBT) rises 5.8% and Marathon Digital (MARA) gains 4.5%, while Riot Blockchain (RIOT) advances 4%.
  • Hall of Fame (HOFV) sinks 10% after the company said it has postponed the Highway 77 Musical Festival due to an increase in Covid-19 cases throughout Ohio.
  • Focus Universal (FCUV) rallies as much as 61% after skyrocketing 278% on Wednesday.
  • Meten EdtechX (METX) tumbles 49% after the China-based English language training company’s planned share and warrants offering implied a 67% discount from Wednesday’s closing price.
  • Support.com (SPRT) rises 8.6% after slumping over the past two days, following a triple digit rally last week.

Expect a muted session today for the simple reason that many traders will be unable to leave their house: last night, the tail-end of hurricane Ida dumped a “record breaking” amount of rain over New York and New Jersey putting both areas into states of emergency. The weather triggered tornadoes, thunderstorms and torrential rain that has overwhelmed streets and forced transport services to grind to a halt. President Biden will address his administration’s response to Ida this morning.

In any case, all eyes are turning to jobs data due in 24 hours for clues on the economy and the Fed’s next steps. Investors are trying to assess when the delta-Covid variant outbreak might peak and how that will play into timing of Fed bond taper plans. Global stocks are near record levels and gauges of implied financial market volatility are declining, as many remain optimistic that the Fed will never let stocks drop again the reopening from the health crisis will weather challenges. At the same time, a move into defensive havens such as mega-tech stocks are a sign traders are bracing for more negative data surprises. The latest ADP jobs data showed U.S. companies added fewer jobs than expected in August. Manufacturing expanded at a stronger-than-estimated pace but faced supply snarls.

“The market is fading Covid more as a risk in terms of really hampering economic activity,” Tracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, said on Bloomberg Television. “We think the Fed is going to stick with their word and they will start tapering later this year. But we don’t think they are going to be in any hurry to raise interest rates.”

Economic pessimism was underscored by Goldman Sachs strategist Zach Pandl who said that “our U.S. growth forecasts for the next two years are below other bank forecasts for the first time since the recovery began. Markets may underappreciate the coming step-down in growth momentum.”

A Reuters poll last month showed the S&P 500 is likely to end 2021 at 4,500 points, slightly lower than current levels.

The Stoxx Europe 600 Index rose 0.2%, with most industry groups posting modest gains. Swedish Orphan Biovitrum jumped 25%, the most in nine years, after private-equity firm Advent International and Singapore wealth fund GIC agreed to buy the drugmaker for the equivalent of $8 billion.

Asian stocks also edged higher, setting course for a fifth consecutive day of gains, with trading in a narrow range ahead of a report on U.S. jobs data that’s a litmus test for economic health. The MSCI Asia Pacific index swung between a gain of 0.2% and a fall of 0.3% throughout the day. A subgauge of consumer-discretionary firms including Alibaba and Sony provided the biggest support, while materials-group shares fell, weighing most on the gauge, as BHP Group and Nippon Steel dropped amid weaker iron ore prices.  The lull comes after the Asian stock benchmark capped a 2.3% gain in August, the best month since December, which helped the regional measure to trade near its highest since mid-July. The gains were preceded by two months of losses as worries over the delta virus variant and China’s tightening regulatory grip on various industries took a toll on the region’s investor sentiment.  “Investors seem undecided on how to respond to the string of U.S. data, which is what you can tell from today’s market moves,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo, noting that while ISM manufacturing data was positive, the ADP jobs report fell short of expectations. “There are also a lot of investors wanting to wait to see the key U.S. employment data.”  China’s technology stocks notched a fourth day of gains in a rally that lost some of its steam after regulators stepped up their criticism of the nation’s ride-hailing giants. Hong Kong’s Hang Seng Tech Index trimmed a rally of as much as 3.2% and closed up 1.6%, after criticism of ride-hailing firms highlighted risks from the nation’s ongoing crackdown on private industries. China’s overall market was steady, with traders assessing a central bank step to cushion the economy by helping smaller firms. Benchmarks in Thailand and India were the best performers, while those in Taiwan and South Korea retreated most. 

Japan stocks rose after mega-cap companies in the U.S. rallied to a record as traders turned to defensive shares. The Topix rose 0.1% to 1,983.57 at the 3 p.m. close in Tokyo, while the Nikkei 225 advanced 0.3% to 28,543.51. Sony Group Corp. contributed the most to the Topix’s gain, increasing 1.4%. Out of 2,186 shares in the index, 896 rose and 1,195 fell, while 95 were unchanged. Shares of West Japan Railway Co. slid 13%. Japan’s third-largest listed rail operator is seeking to sell around $2.5 billion in shares amid mounting losses as the coronavirus pandemic that’s devastated tourism drags on. 

India’s benchmark equity index rose, set for a third day of gains this week. Dr Reddy’s Laboratories advanced most. The S&P BSE SENSEX Index added 0.2% to 57,476.04 as of 9:55 a.m. in Mumbai, while the NSE Nifty 50 Index advanced by a similar magnitude. Both measures are trading near record highs after ending last month at new peaks. Of 30 shares in the Sensex, 14 rose and 16 fell. Sixteen of the 19 sector indexes on the BSE Ltd. advanced, led by a gauge of consumer durable stocks.  Low interest rates and ample liquidity are driving the buying sentiment in local stocks, which are now among the top performers in Asia. 

“The spread of the Delta variant amid still-low vaccination rates in many ASEAN economies and China’s zero-tolerance Covid strategy has prompted governments to impose restrictions and order factory/port closures,” warned analysts at Nomura. “Input shortages and low inventories will likely lead to production cuts and delayed shipments in Q3.”

In rates, amid the jobs chatter, 10-year Treasury yields eased back to 1.29% and away from the recent top of 1.375%, while the U.S. dollar index touched a one-month low.

The Bloomberg Dollar Spot Index was set to decline a third day after reversing an earlier gain; the greenback weakened most of its G10 peers as risk-sensitive currencies rallied while the yen and the Swiss franc hovered. The euro inched up to trade near almost a one-month high amid broad dollar weakness, and the pound also inched higher; European bond yields fell. The Australian dollar led G-10 gains after climbing on Prime Minister Scott Morrison’s plans to relax curbs on movements; the nation posted a record trade surplus in July of A$12.1b vs est. A$10b. Japan’s bonds held steady after a 10-year note auction met solid demand; the yen traded in a narrow range.

The ramp in cryptos continued, sending Ethereum to the highest level since its May record, while Bitcoin was trading back over $50,000.

To the day ahead now, and data highlights from the US include July’s industrial production, factory orders and trade balance, along with the weekly initial jobless claims. From the Euro Area, we’ll also get the PPI reading for July. Otherwise, central bank speakers include the Fed’s Bostic and Daly.

Market Snapshot

  • S&P 500 futures up 0.2% to 4,531.00
  • STOXX Europe 600 up 0.2% to 473.95
  • German 10Y yield fell 1.7 bps to -0.390%
  • Euro little changed at $1.1845
  • MXAP little changed at 203.14
  • MXAPJ little changed at 668.23
  • Nikkei up 0.3% to 28,543.51
  • Topix up 0.1% to 1,983.57
  • Hang Seng Index up 0.2% to 26,090.43
  • Shanghai Composite up 0.8% to 3,597.04
  • Sensex up 0.8% to 57,770.59
  • Australia S&P/ASX 200 down 0.5% to 7,485.75
  • Kospi down 1.0% to 3,175.85
  • Brent Futures up 0.2% to $71.73/bbl
  • Gold spot up 0.1% to $1,815.27
  • U.S. Dollar Index little changed at 92.45

Top Overnight News from Bloomberg

  • The remnants of Hurricane Ida ripped through New York, New Jersey and across the Northeast early on Thursday morning, triggering tornadoes, thunderstorms, and torrential rain that inundated streets and paralyzed transport services
  • The euro-area economy’s rebound and a dramatic inflation surge has reignited the sparring among European Central Bank policy makers about when to shift the institution away from its crisis mode
  • For years, the premium paid for dollars over the euro, Japanese yen and so on in the cross-currency markets has been negative, indicating rampant demand for greenbacks. Now, these so-called cross-currency basis swaps are on the verge of turning positive in a major shift for money markets
  • Aluminum reached a fresh decade high, rallying with other metals after China ramped up financial support for small businesses and pledged better use of local government bonds as the economy showed further signs of a slowdown because of tight property controls and fresh virus outbreaks
  • After easing in the previous two months, a United Nations gauge of food costs rose 3.1% in August to near a peak set in May. The advance was driven by reduced grain production expectations, frosts that hurt sugar-cane crops in top grower Brazil and tightening oilseed supplies
  • The Bank for International Settlements will test the use of central bank digital currencies with Australia, Malaysia, Singapore and South Africa in an experiment that could lead to a more efficient global payments platform

A more detailed look at global markets courtesy of Newsquawk

Asian equity markets took their cues from a similar indecisive performance stateside where price action was choppy and the major indices finished relatively flat as participants digested varied data releases, including the disappointing ADP Employment data which precedes Friday’s NFP jobs report. ASX 200 (-0.6%) was pressured amid a continued surge of COVID-19 infections and with the declines led by mining names after the recent losses in commodity prices and fresh bout of China’s state reserve selling, with mining giant BHP the worst hit as it traded ex-dividend. Nikkei 225 (+0.3%) lacked firm direction with Japan mulling extending the COVID-19 state of emergency by two weeks and the KOSPI (-1.0%) failed to benefit from the upgrade to Q2 GDP which confirmed the fastest growth in more than a decade, as the strong economic growth data and a 9-year high CPI, added to the case for a further BoK rate hike this year. Hang Seng (+0.2%) and Shanghai Comp. (+0.8%) were kept afloat after recent soft data releases stoked calls for PBoC easing, while China’s Cabinet will reportedly step up support for smaller businesses in which it will add CNY 300bln in relending quota for small firms and provide rediscount support to help ease their financing burdens. Finally, 10yr JGBs were slightly higher as they continued to nurse Tuesday’s slump and after having found support near 152.00. There were also comments from BoJ’s Kataoka who suggested the central bank should aggressively buy bonds and push yields down to prop up capex and investment, although the impact was muted given that he is a notorious dovish dissenter at BoJ meetings and with mixed results at the latest 10yr JGB auction also capping price action.

Top Asian News

  • China Ties Climate Work to Better U.S. Relations in Kerry Talks
  • Guangzhou R&F Dollar Bonds Sink to New Lows as Weakness Builds
  • Philippine BSP’s Usual Tools Not Yet Fully Used: Diokno
  • PAG-Backed $2 Billion Asia Hedge Fund to Reopen After Gains

European bourses remain just off the flat mark but have adopted more of an upside bias vs the mild downside seen across the region at the cash open following the cautious/mixed APAC handover. US equity futures have also seen some tailwinds from Europe, with broad-based performance across the ES, NQ, YM and RTY at the time of writing, and with catalysts scarce in European hours as the US jobs report looms. Sectors are predominantly in the green with no overarching theme. Travel & Leisure extends on earlier gains, led by its heaviest-weight stock Evolution (+3.5%) following reports that it has gone live in South Africa with SunBet. Healthcare also resides near the top of the bunch with AstraZeneca (+1.0%) cheering an announcement that multiple trials reinforce the efficacy of Imfinzi combinations, including with novel immunotherapies, for lung cancer patients across settings. On the downside, Basic resources are pressured as base metal prices remain subdued, albeit after taking somewhat of a breather overnight following yesterday’s selloff. However, some large-cap mining names are trading ex-divs, including the likes of Antofagasta (-0.4%), BHP (-6.3%) and Glencore (-0.6%). Banks have trundled to the foot of the bunch in sympathy with yields. In terms of individual movers, Babcock (-1.8%) continues to decline after the sale of its “nightmare” helicopter division for GBP 10mln after purchasing it for GBP 1.6bln seven years ago. The sale is part of the CEO’s turnaround plan which includes GBP 400mln of disposals. In terms of the FTSE 100 reshuffle, Just Eat Takeaway (+1.0%) and Weir Group (+1.1%) are to exit the FTSE 100 and be replaced by Morrisons (+0.4%) and Meggitt (+0.2%).

Top European News

  • Sobi Shareholder AP4 Says Industrial Bidders Could Pay More
  • JPMorgan Agrees to Pay EU25M to Settle French Tax-Fraud Case
  • BNP Paribas in Talks With AgBank on Wealth Mgmt Venture: Reuters
  • Danske Bank Global Head of Primary Markets Joins SEB

In FX, the Aussie and Kiwi have both extended gains beyond half round number levels vs their US rival that were hampering further upside, with Aud/Usd and Nzd/Usd now approaching 0.7400 and 0.7100 respectively after the former cleared technical resistance in the form of the 50 DMA at 0.7376 today. Meanwhile, the Kiwi has topped its 100 DMA at 0.7083, but is still trying to make its way towards 0.7100 amidst headwinds from the Aud/Nzd cross that remains elevated above 1.0400 in wake of a 2nd consecutive record Aussie trade surplus that is shading robust NZ terms of trade marginally by virtue of the fact that it relates to July rather than Q2 and is therefore more current.

  • DXY – Antipodean Dollar outperformance aside, the Buck continues to flounder post-Powell and on the back of ADP most recently as the index struggles to find sure footing around 92.500 and the Greenback any real traction overall. However, the DXY is holding within a 92.536-388 range compared to Wednesday’s 92.376 low awaiting more pre-NFP jobs proxies that come via Challenger lay-offs today, but also a more timely snapshot of the labour market via IJC alongside trade and before factory orders, then 2 scheduled Fed speakers (Bostic and Daly).
  • CAD/GBP – A partial recovery in crude has given the Loonie another fillip and incentive to probe 1.2600 again in the run up to Canadian building permits and trade, while the Pound is back within striking distance of 1.3800, but still striving hard to defend or contain declines around 0.8600 against the Euro in the absence of anything UK specific.
  • EUR/JPY/CHF – All hugging tight lines vs their US counterpart, with the Euro taking a firmer grip of the 1.1800 handle and hardly hindered by stronger than expected Eurozone ppi data in contrast to the Yen that remains anchored around 110.00 following very dovish commentary from BoJ’s Katoaka. To recap, he stated that given economic developments bolder steps on monetary policy are needed, including an increase in bond buying to push short and long term rates down. Elsewhere, the Franc is restrained between 0.9160-40 and largely shrugged off, if not quite ignored conflicting Swiss macro releases, as CPI came in a tad firmer than forecast, but Q2 GDP missed and retail sales fell.

In commodities, WTI and Brent front month futures have been erring higher throughout the European session in the aftermath of the OPEC+ confab which turned out to be a smooth (and timely) affair. Producers, as expected, stuck to the plan of hiking 400k BPD – with the White House also welcoming the decision in a statement. WTI and Brent have erased the losses seen post-Novak yesterday, with the former just under USD 69/bbl and the latter near USD 72.00/bbl. Elsewhere, and from a policy standpoint, developments surrounding Iranian oil and nuclear talks will likely gain focus in the run-up to the next OPEC meeting in October. The Iranian Oil Minister said that as soon as the US’ unilateral illegal sanctions are lifted, Iran is ready to increase its oil output to the highest possible level to compensate for the losses caused by the sanctions, while he also noted that Tehran is determined to raise its oil exports irrespective of this. Aside from that, crude prices may take their cues from risk sentiment ahead of tomorrow’s US labour market report. In terms of bank commentary, the UBS notes that with oil demand set to rise, the bank expects the oil market to stay undersupplied, thus supporting prices. “We reiterate our advice for investors with a high-risk tolerance to be long Brent, add exposure to longer-dated oil contracts, or sell downside price risks”, the Swiss bank says. Elsewhere, spot gold and silver are once again uneventful within the same European ranges seen throughout most of this week thus far. LME copper remains subdued following yesterday’s selloff which was followed by a mild reprieve overnight – but again awaiting catalysts. Elsewhere, the Dalian commodity exchange is to raise speculative trading margin requirements for coking coal and coke futures to 15%, as of settlement on September 6th.

US Event Calendar

  • 8:30am: Aug. Initial Jobless Claims, est. 345,000, prior 353,000; Continuing Claims, est. 2.81m, prior 2.86m
  • 8:30am: 2Q Nonfarm Productivity, est. 2.5%, prior 2.3%; Unit Labor Costs, est. 0.9%, prior 1.0%
  • 8:30am: July Trade Balance, est. -$70.9b, prior -$75.7b
  • 10am: July Factory Orders, est. 0.3%, prior 1.5%
  • 10am: July Durable Goods Orders, est. -0.1%, prior -0.1%
  • 10am: July Cap Goods Ship Nondef Ex Air, prior 1.0%; -Less Transportation, est. 0.7%, prior 0.7%
  • 10am: July Cap Goods Orders Nondef Ex Air, est. 0%, prior 0%;
  • 10am: July Factory Orders Ex Trans, est. 0.5%, prior 1.4%

DB’s Jim Reid concludes the overnight wrap

Markets continue to creep higher as we await the all important US jobs report tomorrow. That was in spite of a mixed bag of data releases yesterday. By the close of trade, the MSCI World index (+0.41%) reached all-time highs once again, even though the S&P 500 sold off late in the session to close only +0.03% higher – just short of its record. Meanwhile the dollar weakened for the 8th time in the last 9 sessions, as the greenback has had to deal with Fed Chair Powell’s dovish Jackson Hole speech last week, alongside more hawkish rhetoric from the ECB and the domestic impact of the delta variant.

Running through those data releases, the first big one was the ADP’s report of private payrolls for August which strongly underwhelmed at +374k (vs. 625k expected). That said, the ADP’s reports have missed the actual number of private payrolls significantly in recent months, with last month’s initial reading also coming in beneath expectations at 330k (vs. 690k expected), before private payrolls then rose by +703k. So markets didn’t seem too disturbed by the release yesterday. Later on in the session, we then got the ISM manufacturing print for August, which unexpectedly rose to 59.5 (vs. 58.5 expected), with new orders up to 66.7 (vs. 61.0 expected), but the employment reading came in at a contractionary 49.0, so again not a great sign ahead of the jobs report tomorrow.

Against this backdrop, investors reallocated to more defensive sectors in the S&P 500, which was just better than unchanged (+0.03%) while trading in a c.15pt (0.3%) range yesterday. The search for defensives led to a decent outperformance from tech stocks, with both the NASDAQ (+0.33%) and the FANG+ Index (+1.28%) close to all-time highs of their own, as 9 of the 10 megacap tech stocks in the FANG+ moved higher on the day – Tesla (-1.9%) was the sole laggard. The concentrated tech index has now gained in 8 of the last 9 sessions, with the index up +8.73% over that time.

However, energy stocks lagged (-1.51%) amidst a further decline in oil prices. Brent Crude (-2.34%) followed up its poor August performance by sliding lower, while WTI recovered from falling -2.0% by midday to end up +0.13%. That came as the OPEC+ group agreed that they should continue with their planned production increases that will see a further 400k barrels per day added to supply. Other cyclicals similarly weighed on the index with banks (-1.29%) and capital goods (-0.65%) the other main S&P laggards as investors shifted to more defensive industries. This rotation saw bond proxies such as utilities (+1.30%) and real estate (+1.69%) lead the S&P’s gain, along with the aforementioned tech rally.

European stocks outperformed as US stocks slid after the close of trading here, with the STOXX 600 up +0.48%. Unlike in the US, the reopening trade did well on this side of the Atlantic with retail (+1.83%), travel & leisure (+1.81%), and consumer products (+1.81%) leading the way, though tech (+1.43%) outperformed as well.

Sovereign bond markets had a much more divergent performance yesterday, though yields on 10yr bunds (+1.0bps) rose once again as hawkish noises around next week’s ECB meeting continued. In particular, Bundesbank President Weidmann said that “we shouldn’t disregard the risk to too-fast inflation”, and that risks to the upside predominate. That follows the flash CPI estimate that showed Euro Area inflation at +3.0% in August, the highest in almost a decade. However, Greek central bank governor Stournaras said that higher inflation was due to temporary factors and he’d advise caution about the path of inflation relative to the medium-term target. As core European debt lost ground though, peripheral debt benefited, with yields on 10yr BTPs down -1.8bps. And in the US, yields on 10yr Treasuries declined -1.5bps to 1.294%, led by falling real yields (-1.8bps).

Sentiment in Asian markets this morning is being supported by the PBoC move to provide CNY 300bn of low cost funds to banks so they can lend to small and medium-sized companies. Besides this the PBoC has also announced other measures such as interest subsidies to firms hit hard by the pandemic and a bigger role for local special bonds in driving investment. This has helped Chinese stock markets to outperform overnight with the Shanghai Comp (+0.55%) and Shenzhen Comp (+0.23%) both advancing. Other Asian markets are also posting gains with the Nikkei (+0.28%) and Hang Seng (+0.08%) also up. The Kospi (-0.70%) is trading lower though. Elsewhere, futures on the S&P 500 (-0.05%) and the Stoxx 50 (-0.11%) are slightly lower.

Turning to the pandemic, data from the UK’s ONS showed that 94% of the adult population in England had Covid antibodies in the week commencing August 9, which is the highest percentage yet. Nevertheless, that number has shown signs of plateauing over recent weeks, having risen just 1 percentage point relative to 4 weeks earlier. The 16-24 age bracket were the least likely of the over-16 groups to have antibodies, at 85.4%, which is in line with them also being the least likely to be vaccinated. There is some evidence of antibodies waning for the earlier vaccinated elderly with rates down from their early summer peak by 2-3pp. They are still comfortably in the 90 plus percentage point range though. Staying in the UK, Scotland will be instituting vaccine passports to enter nightclubs and large events starting later this month, with the mandate going to members of the Edinburgh legislature by the end of the week. Meanwhile the weekly average of US hospitalisations fell for the first time since late-June yesterday in a sign that the current surge may be declining.

Looking at yesterday’s other data, the final manufacturing PMI readings for August cemented the picture seen in the flash readings late last month. The Euro Area reading was revised down a tenth to 61.4, its lowest level in 6 months, while the US reading was also revised down a tenth to 61.1. Another notable release were German retail sales, which fell by a larger-than-expected -5.1% in July (vs. -1.0% expected), but that was largely a normalisation following the strong increases in May and June after Covid restrictions were phased out.

To the day ahead now, and data highlights from the US include July’s industrial production, factory orders and trade balance, along with the weekly initial jobless claims. From the Euro Area, we’ll also get the PPI reading for July. Otherwise, central bank speakers include the Fed’s Bostic and Daly.

3A/ASIAN AFFAIRS

i)THURSDAY MORNING/WEDNESDAY  NIGHT: 

SHANGHAI CLOSED UP 29.64  PTS  OR 0.84%   //Hang Sang CLOSED UP 62.14 PTS OR 0.24%      /The Nikkei closed UP 92.49 PTS OR 0.33%   //Australia’s all ordinaires CLOSED DOWN 0.37%

/Chinese yuan (ONSHORE) closed UP TO 6.4582  /Oil DOWN TO 69.00 dollars per barrel for WTI and 72.80 for Brent. Stocks in Europe OPENED ALL MIXED   /ONSHORE YUAN CLOSED  DOWN AGAINST THE DOLLAR AT 6.4582. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.4521/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

 

end

b) REPORT ON JAPAN

JAPAN/TAIWAN

 

JAPAN/VACCINE/

I guess that they will never learn:  the entire Moderna vaccines have black graphene oxide in them and that is what causes the protection of the spike protein as it travels throughout the blood system

(zerohedge)

Fourth Case Of Contaminated Moderna Vaccine Reported In Japan

 
 
WEDNESDAY, SEP 01, 2021 – 09:50 AM

Yet another contaminated Moderna Covid-19 vaccine has been reported in Japan – the fourth in less than a week, according to Reuters, which reports that ‘several black particles’ were found in a Moderna vaccine vial in Kanagawa prefecture.

The remainder of the lot has been placed on hold.

Last week Japan suspended the use of 1.63 million Moderna doses after being notified of a contaminant which ‘could be metal’ and reacts to magnets.

Moderna and Spanish pharma company Rovi, which bottles the vaccines, says the cause could be a manufacturing issue.

Kanagawa prefecture said the vaccine’s domestic distributor, Takeda Pharmaceutical Co Ltd, had collected the vial with the suspected contaminant and that about 3,790 people had already received shots from the same lot.

More Moderna shots were temporarily halted in two other regions this week. In some cases, foreign substances have been found in unused vials, whereas others appear to be caused when bits of the vials’ rubber stopper break off when needles are incorrectly inserted. –Reuters

On Wednesday, Japan’s health ministry said that the vial sent to Kanagawa was from a different lot than the previous contamination reports, but has said that ‘rubber stopper material’ appears to have gone into it during the manufacturing process (which would contradict last week’s report that the material ‘reacts to magnets’).

Medical staff are being encouraged to perform visual inspections of vials for foreign materials or discoloration before use.

 
END
 
 

3 C CHINA

 

CHINA/USA

Pentagon blasts Beijing’s demand that all ships in South China sea register with them.  Good reason for gold to fall!

(zerohedge)

“Serious Threat”: Pentagon Blasts Beijing’s Demand That All Ships In South China Sea Register

 
THURSDAY, SEP 02, 2021 – 09:30 AM

On Monday we reported that in a remarkable escalation of the fragile geopolitical status quoChinese authorities would require a range of vessels “to report their information” when passing through what China sees as its “territorial waters, starting from September 1. The rule is supposed to apply to the South China Sea, the East China Sea, and the various islands and reefs dotted across the water that Beijing claims as its inalienable territory. The Communist Party-run Global Times reported that “such a rollout of maritime regulations are a sign of stepped-up efforts to safeguard China’s national security at sea by implementing strict rules to boost maritime identification capability” and its coming just days after the botched evacuation of Afghanistan by the BIden administration is hardly a coincidence.

It didn’t take long for the US – which this Chinese proclamation was squarely aimed at – to respond and on Wednesday, the Pentagon blasted  Beijing’s new demand that all foreign ships entering the South China Sea must register with Chinese maritime authorities, calling it a “serious threat” to freedom of navigation and trade.

“The United States remains firm that any coastal state law or regulation must not infringe upon navigation and overflight rights enjoyed by all nations under international law,” said John Supple, a Pentagon spokesman, in response to questions about China’s decree this week.

“Unlawful and sweeping maritime claims, including in the South China Sea, pose a serious threat to the freedom of the seas, including the freedoms of navigation and overflight, free trade and unimpeded lawful commerce, and the rights and interests of South China Sea and other littoral nations,” he said.

Make no mistake: while it may appear trivial and inconsequential in the grand scheme of things, the outcome of this feud between the two superpowers could well determine the world’s next superpower – should the US blinks, it will give China carte blanche to define the geopolitical reality in Asia without fear of US intervention. No wonder this takes place just days after Biden’s historic humiliation in Afghanistan.

China’s vast claims to the resource-rich waterways – among the busiest sea lanes in the world – have been a source of growing tension between Beijing, neighbouring governments and Washington for years, and China’s escalating demand suggests that China feels it now has the upper hand to press the US in staking its claim to the contested territorial waters.

Meanwhile, Vietnam, the Philippines, Brunei, Malaysia and Taiwan have competing claims in the South China Sea, and Japan and South Korea have their own disputes with Beijing in the East China Sea. Five years ago, an international tribunal ruled that Beijing’s sweeping claims of almost the entire South China Sea had no legal basis.

To indicate its dismissal of Chinese claims, the US regularly conducts what it calls “freedom of navigation” exercises in the region, meant to assert the waterways’ status as international sea routes. But lately there have been near-misses (or hits, as the case may be).

In July, China’s military claimed it “drove away” an American warship that had passed near the Paracel Islands in the South China Sea – known in China as the Xisha Islands and in Vietnam as the Hoang Sa Islands. The US Navy later said that China’s statement about driving away the US ship was false.

“The United States remains committed to upholding the rules-based international order and a free and open Indo-Pacific region,” said Supple, the Pentagon spokesman.

On a visit to Vietnam last week, US Vice-President Kamala Harris said the region needed to do more to stand up to China’s vast territorial claims and aggressive behaviour in the region. “We need to find ways to pressure and raise the pressure, frankly, on Beijing to abide by the United Nations Convention on the Law of the Sea, and to challenge its bullying and excessive maritime claims,” Harris said, even though the United States is not a party to that UN treaty.

China’s new rule was supposed to take effect on Wednesday, according to the country’s Maritime Safety Administration. The Chinese government has not clarified how the new rule would be enforced, but said it would apply the law if vessels failed to comply.

So the next time a US warship crosses through the South China Sea and refuses to report its cargo and information to Beijing, keep a close eye for the resulting fireworks.

CHINA/ECONOMY

 

END

CHINA vs TAIWAN

CHINA/AUSTRALIA/CORONA ORIGINS

 

end

4/EUROPEAN AFFAIRS

EU//COVID
 
the third shot will be deadly to you.  Europe’s CDC breaks with Biden and says no to the urgent need for a booster.
(zerohedge)

Europe’s CDC Breaks With Biden Admin, Says No Urgent Need For COVID Boosters

 
THURSDAY, SEP 02, 2021 – 11:01 AM

The Biden admin’s rushed decision to enforce covid booster shots on the population, is getting pushback not only from the FDA, where two top vaccine regulators resigned from the Food and Drug Administration on Tuesday, revealing anger, frustration, and turmoil at the federal agency as it balks at the White House’s steamrolling of accepted rules and regulations, but also from Europe.

Overnight, Europe’s CDC – the Centre for Disease Prevention and Control (ECDC) – said there was no urgent need for booster doses of COVID-19 vaccines for the fully vaccinated, citing data on the effectiveness of shots.

The comments follow a similar statement from the European Medicines Agency last month that more data was needed on the duration of protection after full inoculation to recommend using booster shots.

The evidence on real-world effectiveness shows that all vaccines authorized in the region are highly protective against COVID-19-related hospitalisation, severe disease and death, the ECDC said. But the agency said extra doses can be considered for people who experience a limited response to the standard regimen, adding that these shots should be treated differently from booster doses.

Germany and France have announced they would begin giving boosters to vulnerable people and the immunocompromised from this month to protect citizens from the more infectious Delta variant.

The U.S. government has also started administering a third dose of Pfizer Inc-BioNTech and Moderna Inc’s vaccines to those with compromised immunity. And while we doubt that the US will actually bother with such trivia as data and facts, one look at the soaring number of cases in Israel, which not only has the highest vaccination rate but has also mandated booster shots, indicates that something is very wrong with current “scientific” approach to fighting covid.

Yet as long as it leads to billions in revenues for Pfizer and Moderna – and the pharma sector’s lobby dollars keep flowing in the general direction of Congress – we doubt any officials will care too much, which is why the propaganda is out in full force, with Reuters overnight publishing a “survey” which “found” that 76% of surveyed Americans want a booster (while only 6% do not and 18% were not sure). One wonders if this is the same polling team that showed 90% odds of Hillary winning…

 
 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

 

AFGHANISTAN///TALIBAN//

Hyperinflation is now ripping through Afghanistan as this nation is now in solid economic ruin! A humanitarian crisis breaks out with long lines at banks with very little cash in them.

(zerohedge)

Amid Hyperinflation And Economic Ruin, A Humanitarian Crisis Breaks Out In Afghanistan

 
WEDNESDAY, SEP 01, 2021 – 11:18 PM

Two weeks ago, when the world was still transfixed by the historic US foreign policy failure which allowed the Taliban to overrun Afghanistan in a matter of hours which has made the Biden administration the laughing stock of both the developing and developed worlds, we said that “for all the focus on the humanitarian crisis unfolding at an unprecedented pace in Afghanistan, many are forgetting that an even worse economic disaster awaits the “Islamic Emirate” of Afghanistan now that the Taliban are in charge.”

So today, as the Taliban were celebrating and parading in their brand new US military hardware, behind the scenes a far more catastrophic scene was unfolding: the economic disaster we warned would happen within weeks.

As Reuters reports, now that the initial adrenaline rush is gone, Afghanistan’s new Taliban rulers are struggling to keep the country functioning after the final withdrawal of U.S. forces, with foreign donors alarmed about an impending humanitarian crisis. Indeed, two weeks since the Taliban’s sweep into Kabul brought a chaotic end to 20 years of warfare, the Islamist militants have yet to name a new government or reveal how they intend to rule.

In the administrative vacuum, prices have soared, the currency has crashed, commerce has ground to a halt, and crowds have gathered at banks to withdraw cash. Meanwhile, as heavily armed fighters imposed control on the capital, Taliban officials were grappling with keeping hospitals and government machinery running following the end of a huge airlift of foreigners and Afghans who had helped Western forces.

The new, Taliban-appointed central bank head – who has no formal experience but after all, how difficult can it be to hit CTRL P – has sought to reassure banks the group wants a fully functioning financial system, but has so far given no detail on how it will supply funds for it.

Amid the chaos, Qatar’s Al Jazeera television reported that Qatari technical experts had arrived at the Taliban’s request to discuss resuming operations at Kabul airport, currently inoperable. The foreign minister of neighbouring Pakistan, which has close ties to the Taliban, said he expected Afghanistan to have a new “consensus government” within days.

 

In Washington, where the end of America’s longest war has sparked the biggest crisis of President Joe Biden’s administration, Undersecretary of State Victoria Nuland said the United States is looking at all possible options and routes to continue to help Americans and legal permanent residents leave Afghanistan.

Washington would keep having conversations with the Taliban that serve U.S. interests, she told reporters, adding the United States would look at how it could give aid to Afghanistan without benefiting any government that it forms. This is the same Victoria Nuland who said “Fuck the EU” during the CIA’s botched Ukraine coup.

Meanwhile, with the airport now in Taliban hands, people fearful of life under Taliban rule rushed to the borders.  In Panjshir province, members of local militias and remnants of former military units were still holding out under the leadership of Ahmad Massoud. Senior Taliban leader Amir Khan Motaqi called on them to put down weapons and negotiate.

“The Islamic Emirate of Afghanistan is home for all Afghans,” he said in a speech, apparently forgetting the brutal scenes of murder of Afghani allies just days earlier, and which were caught on video.

Amusingly, the Taliban have declared an amnesty for all Afghans who worked with foreign forces, calling on Afghans to return home and help rebuild – of course some or all of those gullible enough to believe this call may be killed, and even though the Taliban have promised to protect human rights in an effort to present a more moderate face than their first government, which enforced a strict version of sharia law, including banning women from education and employment, so far this has all been a farce.

But while rounding up the population under false pretenses will take time, the Talibans’ more immediate concern is staving off economic collapse. Afghanistan desperately needs money, and the Taliban are unlikely to get swift access to the roughly $10 billion in assets mostly held abroad by the Afghan central bank.

The acting central bank governor, Haji Mohammad Idris, met members of the Afghanistan Banks Association and other financiers this week, said two bankers who attended the meeting. The militant group was working to find solutions for liquidity and rising inflation, they quoted Idris as saying.

“They were very charming and asked banks what their concerns were,” said one of the bankers who requested anonymity.

Maybe they should try crypto while they still have some hard currency?

Until then, however, Afghanistan has hyperinflation to look forward to. Long lines have formed at banks, the currency is sinking, inflation is rising and many offices and shops remain shut. “Everything is expensive now, prices are going up every day,” said Kabul resident Zelgai. Someone should tell him it’s all “transitory.”

Hilariously, the Taliban have ordered banks to reopen, but strict weekly limits on withdrawals have been imposed. And it’s not like the banks have cash.

Outside the capital, humanitarian organizations have warned of impending catastrophe as severe drought has hit farmers and forced thousands of rural poor to seek shelter in the cities. But foreign donors are unsure about whom to speak to. Taliban officials have said the problems will ease once a new government is in place, and have urged other countries to maintain economic relations, by which they mean crates of inbound cash. That however is unlikely.

Some have finally grasped the enormity of the situation – there is simply nobody within the Taliban population who is capable of running a monetary system, let along a country. Bankers outside Afghanistan said it would be impossible to get the financial system running again without the bank specialists who joined the exodus. “I don’t know how they will manage it because all the technical staff, including senior management, has left the country,” one banker said.

There is the additional problem that many foreign governments view the Taliban as terrorists: the European Union will need to engage with the Talibanbut will not rush into formally recognizing them as the new rulers of Afghanistan, a senior EU official said.

Meanwhile, more than 123,000 people were evacuated from Kabul in the U.S.-led airlift after the Taliban seized the city in mid-August, but tens of thousands of Afghans at risk remained behind. With Kabul’s airport out of action, efforts to help Afghans fearful of the Taliban focused on arranging safe passage across the borders with Iran, Pakistan and central Asia.

At Torkham, a crossing with Pakistan just east of the Khyber Pass, a Pakistani official said: “A large number of people are waiting on the Afghanistan side for the opening of the gate.” Uzbekistan’s border with northern Afghanistan remained shut.

Britain and India held separate talks with Taliban officials in Doha amid fears that up to half a million Afghans could flee.

The U.N. refugee agency, UNHCR, said on Wednesday that Afghans had so far largely stayed within Afghanistan and only small numbers had fled to neighbouring countries.  It called for $300 million in international funding for the humanitarian emergency. 

The Taliban said they had surrounded forces in Panjshir, the only province still resisting, and called on them to negotiate a settlement.

Meanwhile, some Taliban leaders mocked the United States.

“Your power is gone, your gold is gone,” Anas Haqqani, a Taliban leader, said on Twitter, posting a photo of himself holding discarded shackles as he toured Bagram prison, where he was held for years by U.S. forces.

end

 

AFGHANISTAN/USA/BIDEN

State department contradicts Biden again saying that the vast majority of interpreters and visa eligible Afghans were left behind

(zerohedge)

State Dept Contradicts Biden, Says Vast Majority Of Interpreters & Visa-Eligible Afghans Were “Left Behind”

 
WEDNESDAY, SEP 01, 2021 – 05:10 PM

A stunning new exposé in The Wall Street Journal contradicts just about everything the American public has been told over the past week about the supposed “extraordinary success” of America’s “largest airlift in history”. 

The US left behind the majority of Afghan interpreters and others who applied for visas to flee Afghanistan, a senior State Department official said on Wednesday,” according to the WSJ report, which emphasizes that “as many as 100,000 Afghans may be eligible for relocation” – but the vast majority of these were left behind.

Screengrab via ABC News

Specifically the numbers relate to those local allies who qualified for the Special Immigrant Visa. The Pentagon as of last Friday said it up to that point it had been able to only get about 7,000 Special Immigrant Visa Afghans out.

But according to The Wall Street Journal

Over 20,000 Afghans who had applied for the Special Immigrant Visa program remained in Afghanistan when Kabul fell to the Taliban on Aug. 15, according to advocacy groups and congressional officials.

Including their family members,as many as 100,000 Afghans may be eligible for relocation.

The anonymous State Department official was asked to estimate how many remain trapped inside the country despite their eligibility based on a number of special visa programs: “I would say it’s the majority of them,” the official stated bluntly. “Just based on anecdotal information about the populations we were able to support.”

“Everybody who lived it is haunted by the choices we had to make and by the people we were not able to help,” the official added.

In the domino-effect of errors that plagued the last ten days of the evacuation operation, the thousands of Afghans crowding airport entrances often blocked the ability of others, including visa applicants and even Americans, from reaching US checkpoints. In other instances they were also blocked by the Taliban long before reaching the vicinity of the airport perimeter. 

This despite “every credential we tried to provide electronically was immediately disseminated to the widest possible pool” – according to the US official. But clearly the prospect of physically getting to within close distance of a US checkpoint amid the mass crush at the airport proved elusive and disastrous for most.

END
 
 

6.Global Issues

CORONAVIRUS UPDATE

A good read;  Harvard Epidemiologist states that the case for Covid vaccine passports in light of the Israeli and other findings has just been demolished

John Miltimore/Foundation for Economic Education.

Harvard Epidemiologist Says The Case For COVID Vaccine Passports Was Just Demolished

 
THURSDAY, SEP 02, 2021 – 04:30 AM

Authored by Jon Miltimore via the Foundation for Economic Educcation (emphasis ours),

newly published medical study found that infection from COVID-19 confers considerably longer-lasting and stronger protection against the Delta variant of the virus than vaccines.

The natural immune protection that develops after a SARS-CoV-2 infection offers considerably more of a shield against the Delta variant of the pandemic coronavirus than two doses of the Pfizer-BioNTech vaccine, according to a large Israeli study that some scientists wish came with a ‘Don’t try this at home’ label,” the Scientific American reported Thursday. “The newly released data show people who once had a SARS-CoV-2 infection were much less likely than vaccinated people to get Delta, develop symptoms from it, or become hospitalized with serious COVID-19.”

 

Photo by Thérèse Soukar, CC BY-SA 4.0 , via Wikimedia Commons

Put another way, vaccinated individuals were 27 times more likely to get a symptomatic COVID infection than those with natural immunity from COVID.

The findings come as many governments around the world are demanding citizens acquire “vaccine passports” to travel. New York CityFrance, and the Canadian provinces of Quebec and British Columbia are among those who have recently embraced vaccine passports.

Meanwhile, Australia has floated the idea of making higher vaccination rates a condition of lifting its lockdown in jurisdictions, while President Joe Biden is considering making interstate travel unlawful for people who have not been vaccinated for COVID-19.

Vaccine passports are morally dubious for many reasons, not the least of which is that freedom of movement is a basic human right. However, vaccine passports become even more senseless in light of the new findings out of Israel and revelations from the CDC, some say.

Harvard Medical School professor Martin Kulldorff said research showing that natural immunity offers exponentially more protection than vaccines means vaccine passports are both unscientific and discriminatory, since they disproportionately affect working class individuals.

“Prior COVID disease (many working class) provides better immunity than vaccines (many professionals), so vaccine mandates are not only scientific nonsense, they are also discriminatory and unethical,” Kulldorff, a biostatistician and epidemiologist, observed on Twitter.

Nor is the study out of Israel a one-off. Media reports show that no fewer than 15 academic studies have found that natural immunity offers immense protection from COVID-19.

Moreover, CDC research shows that vaccinated individuals still get infected with COVID-19 and carry just as much of the virus in their throat and nasal passage as unvaccinated individuals

“High viral loads suggest an increased risk of transmission and raised concern that, unlike with other variants, vaccinated people infected with Delta can transmit the virus,” CDC Rochelle Director Walensky noted following a Cape Cod outbreak that included mostly vaccinated individuals.

These data suggest that vaccinated individuals are still spreading the virus much like unvaccinated individuals.

Vaccine passports would be immoral and a massive government overreach even in the absence of these findings. There is simply no historical parallel for governments attempting to restrict the movements of healthy people over a respiratory virus in this manner.

Yet the justification for vaccine passports becomes not just wrong but absurd in light of these new revelations.

People who have had COVID already have significantly more protection from the virus than people who’ve been vaccinated. Meanwhile, people who’ve not had COVID and choose to not get vaccinated may or may not be making an unwise decision. But if they are, they are principally putting only themselves at risk.

Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune.

Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller, The Federalist, the Epoch Times.

 

END 

This is big commentary.  The WHO has now labelled the new variant, using the Greek letter Mu  (u). In scientific terms it is known as B 1.621

This variant has emerged in South Africa and it is basically impervious to the vaccine and quite transmissible.

(zerohedge)

WHO Places ‘Mu Variant’ Under Close Scrutiny Over Fears Of Vaccine Resistance

 
WEDNESDAY, SEP 01, 2021 – 10:25 PM

As the US prepares to roll out booster shots for its citizens, depriving the developing world of badly needed supplies, scientists have continued to warn about new COVID variants emerging in various corners of the world. Yesterday, we focused our attention on a new variant emerging in South Africa that scientists fear may be capable of surpassing vaccine-produced antibodies.

But the WHO revealed during its weekly briefing on Tuesday that it’s monitoring a new variant that was first identified in Colombia back in January. Known alternatively as THE GREEK LETTER “Mu” and B.1.621, the variant has been classified as a “variant of interest”, according to WHO’s weekly pandemic bulletin, making it one of a small handful of mutant strains that are actually at risk.

Certain mutations identified in the variant suggest it could be resistant to vaccines and stressed that further studies were needed to better understand it.

“The Mu variant has a constellation of mutations that indicate potential properties of immune escape,” the bulletin said.

Concerns about new variants emerging have intensified as infection rates have continued to climb globally, with the highly transmissible delta variant taking hold. Since first emerging in Colombia back in January, the Mu variant has spread to other South American nations, as well as some parts of Europe. Despite adding ‘Mu’ to its monitoring list, the WHO says the strain only has a 0.1% global prevalence among sequenced cases.

The addition of the Mu strain to the list of ‘variants of interest’ marks the first time a mutated version of the virus has been added to the list since June, when the Lambda mutation – which was also initially detected in South American (this time in Peru) – was added.

Presently, the WHO has identified four strains as “variants of concern,” including Alpha, which has spread to 193 countries, and Delta, which has fueled a rise in cases across the globe. Five strains, now including Mu, are being monitored as “variants of interest.”

The WHO currently identifies four Covid-19 variants of concern, including Alpha, which is present in 193 countries, and Delta, present in 170 countries. Five variants, including Mu, are to be monitored.

END

Hospital admissions fall for the Delta but we now have to worry about new variants which will take its place.  Variants will continue as long as we vaccinate.

(zerohedge)

COVID Hospital Admissions Fall For First Time Since June In Latest Sign Delta Wave Has Peaked

 
WEDNESDAY, SEP 01, 2021 – 07:20 PM

In recent weeks, we have seen a barrage of evidence that the delta-variant-driven summer COVID “wave” (amplified, as it was, by increased testing)  has finally peaked. First, the CDC pointed to regional data from the south and the northeast to show that the COVID wave had peaked in the original “hotspots”. Then we shared research from BofA analyst Hans Mikkelsen, who showed that the delta of the delta wave had finally dropped into negative territory. And of course, the whole time, Dr. Scott Gottlieb has been sharing projections showing the wave was set to peak in late August or early September.

But now, as the latest CDC data show, it’s not just cases, but also hospitalizations, that are showing signs of a peak. The latest daily data show hospitalizations declining for the first time since June.

According to the Epoch Times, hospital admissions for COVID-19 patients in the United States are declining for the first time since late June, suggesting the latest surge has peaked. The seven-day average of new daily hospitalizations with confirmed COVID-19 dropped by 2.4% from a week earlier to about 12,280 – the first such drop since around June 27, according to the Department of Health and Human Services. It comes as fewer hospitalizations are being reported in Florida, Texas, and other Southern states, the agency said.

If they continue to trend lower at their current rate, the drop in hospitalizations has been roughly in line with BofA’s “optimistic” scenario.

Meanwhile, here’s a chart of daily case numbers in the US.

And it’s not just hospitalizations and cases that are showing signs of peaking. The CDC’s COVID-19 tracker shows that the seven-day average for both deaths and cases appears to be leveling out. Previous surges of cases, including in the spring of 2020, in late July to early August 2020, and January 2021, all leveled out and dropped, fitting a similar pattern.

During prior surges, the COVID-19 death rate appeared to be higher, according to the CDC’s data. For example, on Jan. 13 of this year, which saw the most COVID-19 deaths per day, the number of daily deaths was about 4,169, with about 240K daily cases. Amid the current surge, on Aug. 31 the CDC reported the number of daily deaths (seven-day average) to be about 985, with about 150K daily cases.

Even though recent studies have showed that vaccines are far from perfect, roughly 74.4% of all US adults have received at least one dose of a COVID-19 vaccine. And natural immunity might be even more extensive than previously believed. A new study published in Nature last week revealed that about one-third of all Americans, or more than 100MM people, had likely been infected with COVID-19 by the end of 2020. Officially, about 19.6MM cases of the virus were confirmed across the country.

A blockbuster study from Israel recently showed that natural immunity confers better protection against the delta variant than vaccine-induced immunity.

After all this, our biggest question is: why does the mainstream press only report on hospitals kinda-sorta nearing capacity in their ICUs, and the endless parade of cities and states imposing mask mandates and vaccine mandates, or bans on mask and vaccine mandates. Maybe it’s time to cover some ‘good news’ related to COVID for a change?

end

Joe Rogan contracts the COVID but doing better now after taking Ivermectin

(zerohedge)

‘I Feel Good’: Joe Rogan Contracts Covid, Bounces Back Within Days Using Drug Cocktail Including Ivermectin

BY TYLER DURDEN
WEDNESDAY, SEP 01, 2021 – 07:37 PM

Joe Rogan, the popular podcast host and archnemesis of the mainstream media (which has excelled at producing a non-stop stream of hit pieces claiming he’s “losing influence” based on no actual evidence), has just revealed that he has tested positive for the coronavirus, according to an announcement on his Instagram page.

He said in the video that he “immediately threw the kitchen sink at it”, taking several medications including the anti-parasite drug ivermectin. Rogan is vaccinated, though the media will likely still paint him as an anti-vaxxer seeing as he had the temerity to question whether vaccines were really necessary for young patients (turns out they are far more susceptible to serious side effects than the FDA realized)

On Wednesday, Rogan told his Instagram audience he “got back from the road Saturday night feeling very weary. I had a headache. I felt just run down.”

His symptoms progressed during the following day, and the next day, he tested positive for COVID-19.

“So we threw the kitchen sink at it, all kinds of meds,” Rogan said, adding that he took a Z-Pak (aka the antibiotic azithromycin), prednisolone (a corticosteroid used to treat inflammation) and Ivermectin, which is a drug used to treat parasitic worms in horses.

“I did that three days in a row,” he said. “And here we are on Wednesday, and I feel great. I really only had one bad day — Sunday sucked.”

Rogan also announced that he’s postponing a show he had scheduled for Friday at the Bridgestone Arena in Nashville. The new show date is October 24.

And for what it’s worth, at least one journalist has declared Rogan’s video to be…appropriate in that he’s not playing up ivermectin while playing down vaccines.

end

Although in Spanish, it is translated for us

It explains thoroughly the damage created by all 4 vaccines and their faulty mechanism of action.

A must see…

It begins in Canada.  A criminal complaint has been filed in B.C. against the British Columbia government and the Federal Government under Trudeau. Cases will be filed in each province.

This will no doubt be a blueprint for all citizens of all nations against Government and their criminal actions

must view..

Legal Action

News Release – The Statement of Claim has been Filed

Press Conference – August 26, 202

 end
 
and now Australia filing:
 

John Adams

Attachments10:09 AM (8 minutes ago)

 

 
to bcc: me
 

Media Release – Landmark Filing in the Federal Court of Australia

 
 
 
Hi all,

 

 
Please see attached.
 
I will be fighting the COVID-19 madness of Premiers Berejiklian and Andrews in the Federal Court of Australia through my legal counsel. 
 
I am one of the plaintiffs in the action which will be heard tomorrow morning at 10:15am.
 
This case has the power to collapse the current approach to COVID-19 management in Australia and to re-establish religious freedom in Australia. 
 
(I personally wrote the press release on behalf of the lead solicitor and other parties involved).

 

 


yours faithfully,
John
end

Musing

The damaging effects from COVID

courtesy Robert….

 
 

The other day I decided to go and purchase a take out dinner at a neighborhood restaurant.

The event itself is not unusual to go out and  pick up dinner at a neighborhood restaurant but the conversation was informative. Often I’ve learned over the decades of time in many countries that to really understand what’s happening in the world is not to listen for listening sake but to listen to see through the eyes of others. 
The establishment owner proceeded to tell me about the hardships he had suffered with restaurant closures and a slow return of patrons to his establishments. He also told me of the difficulties he faced personally with his family were where his wife had been sick, and his kids had changed dramatically during the last 18 months. One point he made was that his son who had been ranked 3rd in the world in a junior sport was  no longer was interested in the sport and was much more into playing video games than being physically fit to continue in the sport. He mused  about the fact the kids were off to University this fall and he would lose their labor and that he had real difficulty attracting former employees is back to work. Consequently he was working longer hours himself doing all the jobs because there was no one else that he could find readily. As I listened to this gentleman I realized that I was watching an everyday person, a small business person trying to make a living, trying to raise a family in times made much more difficult by government who didn’t care about his existence or his problems. He told me of the frustrations and difficulties with patrons who were vaccinated and non-vaccinated patrons, both who  ignored whatever protocols exist and took their frustration out on him. He also told me that if things locked down again that he had come to conclusion, it just wasn’t worthwhile doing anymore. What measure of sadness is there for a man who gave decades of life to build a life and enterprise to see it dissipate before his eyes and watch his children change ? How long can he continue working the hours he does before it all takes its’ toll? How many local establishments exist on the edge where similar feelings of hopelessness exist? 

 

The sadness of this is simply that here is a person who built a business who has actually several restaurants And he has found himself returning to being a sole proprietor in One restaurant with several employees in the others and only one person to help him, now that his 2 kids are off to school.

One wonders what will occur when people like this who built our neighborhoods and society give it Up …..what will be left and who will come in their place, if anyone. Often economic development is a function of the confidence of people have in a future that is brighter than the day is today. And confidence in a better tomorrow is waning as is hope in many places i have seen. 

Sadly, one concludes that what can be described government tyranny in so called temporary measures is and will continue ruin local neighborhoods and lives of people producing a very different tomorrow. Whether any of this will actually protect anyone in the long run is debatable. And what is clear is that our neighborhoods are changing in ways that do not bode well for flourishing environments to enjoy the same things we took for granted in the past. And this is sad, because we are being forced to say goodbye to neighborhoods we grew to enjoy and the flavor and spice of city life will be altered for very long time.

 
 
end
 
As we have outlined to you before:  Ivermectin was first approved for human use in 1996. Japanese virologist wins the Nobel Prize in 2015 for discovering its mechanism of action and how the drug was useful in the disease of river blindness and other rare diseases.
(NaturalNews)
 

FACT CHECK: The FDA first approved ivermectin for HUMANS back in 1996… media outlets are deliberately lying to the public

 

Natural News) The mainstream media is lying on behalf of Big Pharma and the medical fascists by falsely claiming that ivermectin is a de-wormer for animals, when the reality is that the anti-parasite drug was first approved for human use back in 1996.

According to the U.S. Centers for Disease Control and Prevention, which is really a private corporation posing as a public health agency, ivermectin should not be used by humans because it is intended for animals. A quick and easy fact check reveals this claim to be patently false.

The fact of the matter is that while ivermectin is, in fact, used in animals, it is also approved for use in humans. The only reason that many people are having to take the animal version these days is because the governing authorities have made it next to impossible to obtain a prescription for human ivermectin, while animal ivermectin is freely available in feed stores and online.

“The lie is being put forth by CDC because people have found out that Ivermectin kills COVID-19, and if a $3 drug kills that disease, then there is no reason to take the dangerous and ineffective Genetic-Therapy masquerading as a COVID-19 ‘vaccine,’” explains radio host Hal Turner.

“If people don’t buy the vaccine, then CDC and its employees do NOT earn money on the ‘vaccine’ they helped develop.”

The time has come for the CDC to be abolished

It was Feb. 2, 1996, in fact, when the U.S. Food and Drug Administration (FDA) published an announcement in “The Pharma Letter” explaining that ivermectin had officially been approved for non-veterinary use – meaning it was for humans right out of the gate.

“In the USA, the Food and Drug Administration has approved Merck & Co.’s Stromectil (ivermectin) for its first non-veterinary use, the chemotherapy of two parasitic infections, strongyloidiasis and onchocerciasis, in humans,” the FDA revealed.

“Ivermectin has been used in humans in other countries since 1987, and has been used to treat more than 5.2 million people worldwide.”

Contrast this with the corrupt CDC tweet from the other day that declared, “You’re not a horse,” the suggestion being that the only people who are seeking out ivermectin today are those who mistakenly believe they are large farm animals.

This shameful display by the CDC just goes to show that the so-called “public health agency” has long overstayed its welcome in our country. Its mission today has nothing to do with public health, if it ever even did, and everything to do with padding the pockets of crooks like its current head Rochelle Walensky, whose husband has funneled millions of American taxpayer dollars disguised as “research grants.”

Again, because there is no money to be made in ivermectin – the stuff has been off-patent for years – the government wants nothing to do with it, and is doing everything in its power to keep it out of your hands.

The same is true of hydroxychloroquine (HCQ), another safe and effective off-patent drug that costs pennies per pill. Because HCQ works so well in the early treatment of the Wuhan coronavirus (Covid-19), the government has been on a crusade for the past year and a half to keep Americans from accessing it.

Meanwhile, Tony Fauci, Rochelle Walensky, Joe Biden, and yes, even Donald Trump, are all pushing Americans to roll up their sleeves for a Chinese Virus injection as if this is the only way to stay “safe” against infection. How much longer are Americans going to put up with this nonsense?

To keep up with the latest news about the government conspiracy against ivermectin, be sure to check out Fascism.news

end
 
DEATHS IN VACCINATED PEOPLE ARE ONLY ADDED AFTER 14 DAYS OF THE SECOND SHOT
 
What utter garbage!! How is that for transparency!
So a person who has been just vaccinated (his second shot) and dies immediately from it is considered a death from an unvaccinated person
(CDC)
 
cdc_vaccinated
 
 
 
end
 
Well get a load of this from Robert Malone:
 
Deaths /100,000 people on ivermectin vs deaths without taking ivermectin:
 
ivc
end
 
GLOBAL SUPPLY CHAIN ISSUES
 

end

 
Michael Every on the major stories of the day!
 
 
 
Michael Every….

Rabobank: The Battle That Actually Matters Is Elsewhere

 
WEDNESDAY, SEP 01, 2021 – 05:50 PM

By Michael Every of Rabobank

“The operation was a complete success…”

“…but unfortunately the patient died”, as the old joke goes. The origins of the linked phrase ‘Pyrrhic victory’ dates all the way back to antiquity, when in 279BC Pyrrhus of Epirus won a battle against Rome that so decimated his forces he declared: “Ne ego si iterum eodem modo vicero, sine ullo milite Epirum revertar” (If I achieve such a victory again, I shall return to Epirus without any soldier.)

I mention this today not just because the White House is publicly rallying round what US Allies see as a logistically-shambolic retreat from Afghanistan, where “getting 90% out” also means “leaving 10% behind”. Indeed, if the US retreat generates a “We can ill afford another Klendathu” moment within the DC foreign policy Blob, who is to say that history won’t see it as a genuine pivot point?

As President Biden noted in a public address yesterday defending his decision: “As we turn the page on the foreign policy that has guided our nation for the last two decades we have got to learn from our mistakes. To me, there are two that are paramount; first, we set missions with clear, achievable goals, not ones we will never reach, and, second, we will stay clearly focused on the fundamental national security interest of the United States of America.” Of course, he has already made clear the other condition is the US will only fight for those who will fight with it – and I cannot emphasize enough what a sea-change in the global security architecture this implies. (Or how much further some say the US will have to shift policy –in directions allies, non-allies, and markets alike will find deeply unpleasant– if it truly wishes to act in its long-run national security interests.)

No, I mentioned Pyrrhus because all around us we see similar ‘victories’.

“We have beaten Covid with vaccines!” – Oops, Delta! Now we need three shots, not two. Until that doesn’t work either. And yet parts of the world still haven’t had one shot yet.

“We have economic recovery!” – As China’s services PMI slumps to 47.5, with the new orders index tumbling to a lower level than during the GFC, for example; and as US consumer confidence plunges from 129.1 to 113.8 in a month, and expectations from 108.4 to 91.4.

“We have beaten inflation!” – Meaning we have beaten demand-pull inflation, which still leaves us cost-push inflation and falling real wages, and so a collapse in consumer confidence.

“It’s time to taper!” – Say both FOMC members and ECB members, when we have no sign of any Building Back Better being done anywhere except in China, where it comes in a “profoundly revolutionary” wrapper. US stocks went down all of 0.1% yesterday, which was apparently worth mentioning for some press; and bond yields fluctuated on the hilarious notion that a major central bank may actually taper.

Meanwhile, as the US is now saying in a different policy dimension, the battle that actually matters is elsewhere. In particular, we are getting more details on China’s “profound revolution”:

First, a threat to shut down e-commerce platforms caught selling fake goods; second, shutting down the American Chamber of Commerce in Chengdu “because reasons”. But, more concretely, official policy to limit urban rent increases to 5% annually along with an announcement that land and home prices “will be stabilized”, while rumors of a potential property tax whirl. This is very, very big. Imagine the same in the US, UK, Australia, NZ, or Europe. It’s just as important in China.

At the same time, Bloomberg carries an article looking at the province of Zhejiang (population 65m) and its existing pilot experiment with Common Prosperity. What is being seen there is not tax-and-spend or a welfare state: rather it is forcing capital to flow to areas previously starved of it and huge efforts to bring down living costs. Specifically:

  • Targeting inequality (of intra-provincial GDP per capita) directly;
  • Aiming to increase the labour share of GDP to more than 50% (vs. the World Bank 2020 national household share of GDP estimate of 38%, which is a huge ask for obvious reasons – which GDP sector will be dropping by 12 percentage points given we also know there won’t be a swing allowed to a negative-net-exports trade deficit?);
  • More urbanisation;
  • Property taxes (on private housing) and building state-owned rental properties (social housing);
  • Letting people without official hukou residence access state services, which is a genuine revolution;
  • More spending on social services – and “donations” from local billionaires worth $236bn;
  • Lower cost business loans for favoured sectors, including manufacturing and tourism; and
  • SOEs building more infrastructure, even if it generates low returns.

As such, we get a picture of potentially higher growth, but lower returns; less luxury and more mass-market; and far more regulation. Which sounds like something Western markets don’t understand and won’t like. They prefer lower growth and higher returns; less mass-market and more “premiumisation”; and far less regulation.

Also important, the Chinese Communist Party has also just announced that it will hold a key plenum in November – though what major policy changes this portends against the current backdrop remains to be seen. One would posit it is unlikely to be small beer.

But of course, Western markets and politicians stressing the fragility of Western liberal democracy and the ‘rules-based international order’ don’t need to be concerned by policy shifts from Beijing, or it showing how Building Back Better actually needs to be done in practice, not rhetoric, such as via targeting inequality and labor share of GDP, social housing and rent controls. After all, they still have QE (for now), that marvelous magical cure for all social and economic ills! It’s a monetary operation carried out every month that is always a success for markets and asset prices, even if the political-economy patient dies. “Si talem victoriam iterum consequor, sine ulla societate ad normales revertar.”

Tellingly, Kiwi house prices were up 27% y/y today, when the RBNZ just left rates on hold, surprising markets, despite now having a house-price mandate, and Australia’s Q2 GDP came in at 0.7% q/q vs. 0.4% expected despite everyone locked down at home, while CoreLogic house prices were up 1.5% m/m, so 18% y/y annualized. Marvellous and magical once again.

end

and

Rabobank: We Have A New Champion In The “I Can’t Believe This Is Happening” Category

 
THURSDAY, SEP 02, 2021 – 08:28 AM

By Michael Every of Rabobank

In a year in which every week see a fresh battle for top slot in the ‘I Can’t Believe This is Happening’ headline competition, we have a new potential champion. San Francisco has decided it will pay criminals $300 a month provided they do not put a bullet in anyone, or get one put in them. Is this the first ‘shot’ towards Universal Income outside of the recent Covid furloughs/cheques? Is there a sliding scale for knives and brass-knuckles? And shall we call this policy “Cash for Crooks” or “Universal In-Gun”?

This latest champion headline reflects the underlying polarization of our socio-economic system, as well as the ironic fusion of its extreme edges, e.g., the NRA and San Fran would both seem to benefit from a scheme that sees far more guns and then far less shooting of them. It also reflects the equally sharp dichotomy of stories we see in daily newsfeed and the analytical round-up – in particular between those that recognise the above trend, and those that choose to ignore it.

“S&P up 0.03%”; “US 10-year yields unchanged”; “WTI -0.58%, Brent -0.06%” These are examples of market headlines that most people working in markets are quite happy to see, and to focus on. You can change the numbers up or down a little bit and that remains true.

Meanwhile, here are a sample of headlines that I get the impression most people working in markets are very unhappy to see, and many choose not to focus on at all.

US:

  • “Techs Outperform as Risks to Payrolls Report Grow: Markets Live” (BBG) – after yesterday’s ADP employment report massively disappointed, suggesting that the US is still 7m jobs behind where it needs to be in this recovery, and with momentum fading, not gaining.
  • “US DOJ Readying Google Antitrust Lawsuit over Ad-Tech Business” (BBG) – suggesting that the above pivot may be in to a cul-de-sac.
  • “Amazon now running 164 flights a day to deliver stock in the US” (FT) – underlining that alongside supply chain disruption, some may try to ape ‘Too Big to Fail’ into ‘Too Big to Sail’ and vertically integrate logistics. Will mega-firms de facto own their own airlines and ships in order to control trade and set market terms? Looking back in time, think the VOC and EIC; looking forward, think ‘The Spice Must Flow!’
  • “Bill Gross Says Bonds Are ‘Investment Garbage’ Just Like Cash” (BBG) – as the former ‘Bond King’ says the King is dead due to low returns, and doesn’t add ‘Long Live the King’
  • “Crypto platforms need regulations to survive, says SEC boss” (FT) – Tick, tock, tick, tock.
  • “Corporate America fights uphill battle against anti-China push” (Politico) – which points out US Big Business is having to line up with the Democrat’s Progressive wing like Bernie Sanders (which politically deserves a “!” from both sides of the deal, NRA-San Fran style) to try to stall even more anti-China legislation being passed – and all the while November 2022 polling suggests that uphill battle may then be a vertical climb.
  • “China’s new U.S. ambassador goes full wolf in first major speech” (Politico) – stressing Qin Gang warning of “disastrous consequences” if the US seeks to suppress China using a “Cold War playbook.” On which note, see the political timeframe and underlying political dynamic referred to just above.

 China:

  • “Beijing’s ‘Volcker Moment’ May Be Approaching Fast: China Today” (BBG) – talking about the risks to the key property sector if house prices are targeted under Common Prosperity. (Which was discussed in “Pro-Fund or Profound Revolution?” yesterday.)
  • “China’s ‘Volcker Moment’ is a Mounting Risk to Global Recovery” (Telegraph) – echoing that this has global consequences even if the globe isn’t paying much attention.
  • “Chinese Firms Rush to Embrace Xi’s ‘Common Prosperity’ Slogan” (BBG) – meaning it is happening on some fronts at least already – so why not others?
  • ”China’s Economy Barely Responding to Contained Virus: Economics” (BBG) – after the Caixin manufacturing PMI joined the official services PMI below the contractionary 50 level, showing the economy can ill afford another Volcker Moment.
  • “Evergrande, Huarong Woes a Warning for Commodities: Intelligence” (BBG) – again showing how what happens in China does not stay in China.
  • “Xi Jinping calls on young officials to strengthen loyalty, competency for important tasks” (CGTN) – where his speech included: “It is unrealistic to always want to live a peaceful life and not want to fight. We must abandon our illusions, fight bravely, refrain from stepping or giving way to issues of principle, and safeguard national sovereignty, security, and development interests with unprecedented will and quality.“

EU:

  • Europe’s Waning Crisis Triggers ECB Debate on Ending Stimulus” (BBG) – where the ECB may be repeating its historic form of not being able to look beyond its own borders when thinking about tightening monetary policy (relatively).
  • “Repeat Warning for Equities in Falling Global Manufacturing PMI” (BBG) – as case in point
  • “EU regulator warns of ‘high risks’ for market crash” (Politico) – as retail punters have gone in for things like cryptocurrencies and meme stonks.
  • “EU tries to redirect Afghan refugees to neighbouring countries” (ITAR-TASS) – so no “Wir Schaffen Das 2.0”, which mirrors Mrs Merkel being out the door in weeks. However, it means the EU paying people to stay away. Perhaps $300 a month, if they don’t shoot people?
  • “Europe’s glory days of trade deals are over” (Politico) – because “it’s never been so politically toxic”, and leaving what for all those trade-mavens to do from now on?

UK:

  • “UK House Prices Surge in August Despite Ending of Tax Cut” (BBG) – or, ‘Builders’ Bums Better’
  • BE Primer: UK Recovery to Slow in 2H as Virus Risks Intensify” (BBG) – or, ‘Bums Better Build’.

AU/NZ:

  • “A profound moment in the pandemic” (AFR) – as Victoria admits it can’t get to zero Covid even with lockdowns. And where Victoria leads…
  • ASX slips; BHP wipes 2021 gains; ANZ says RBA to delay taper” (AFR) – whocouldanooed?
  • “New Zealand Reports 49 New Cases of Covid-19 in Community” (BBG) – again, whocouldanooed?

One could go on. And on. And on. Or one can say: “S&P up 0.03%”; “US 10-year yields unchanged”; “WTI -0.58%, Brent -0.06%” Which in some ways is arguably not too far removed from getting $300 a month not to shoot people.

 

7. OIL ISSUES

 

END

8 EMERGING MARKET& AUSTRALIA ISSUES

Australia////COVID/VACCINES

end

Your early  currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings THURSDAY  morning 7:30 AM….

Euro/USA 1.1851 UP .0010 /EUROPE BOURSES /ALL MIXED   

USA/ YEN 109.98  DOWN  0.112 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3790  UP   0.0019  

 

USA/CAN 1.2603  DOWN .0018  (  CDN DOLLAR UP 18 BASIS PTS )

 

Early THURSDAY morning in Europe, the Euro IS UP BY 10 basis points, trading now ABOVE the important 1.08 level RISING to 1.1851 Last night Shanghai COMPOSITE CLOSED UP 29.94 PTS OR 0.84%

 

//Hang Sang CLOSED UP 62.14 PTS OR 0.24%

 

/AUSTRALIA CLOSED DOWN  .37% // EUROPEAN BOURSES OPENED ALL MIXED  

 

Trading from Europe and ASIA

EUROPEAN BOURSES CLOSED ALL MIXED  

 

2/ CHINESE BOURSES / :Hang SANG  CLOSED UP 62.14    PTS OR 0.24% 

 

/SHANGHAI CLOSED UP 29.94  PTS OR 0.84% 

 

Australia BOURSE CLOSED DOWN 0.37%

Nikkei (Japan) CLOSED UP 92.49 pts or 0.33% 

 

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1815.30

silver:$24.19-

Early THURSDAY morning USA 10 year bond yr: 1.294% !!! DOWN 1 IN POINTS from WEDNESDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.910 DOWN 1  IN BASIS POINTS from WEDNESDAY night.

USA dollar index early THURSDAY morning: 92.42 DOWN 3  CENT(S) from WEDNESDAY’s close.

This ends early morning numbers THURSDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  THURSDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.21%  DOWN 0  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.035%  UP 4/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.32%//  DOWN 2  in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD:  0.67 DOWN 3   points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 35 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO –.382% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.05% 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  THURSDAY

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

Euro/USA 1.1861  UP    0.0021 or 21 basis points

USA/Japan: 109.98  DOWN .111 OR YEN UP 11  basis points/

Great Britain/USA 1.3822 UP .0052 UP 52   BASIS POINTS)

Canadian dollar UP 56 basis points to 1.2566

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP).. 6.4565 

 

THE USA/YUAN OFFSHORE:    (YUAN CLOSED UP)..6.4493

TURKISH LIRA:  8.29  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.035%

Your closing 10 yr US bond yield DOWN 1 IN basis points from WEDNESDAY at 1.295 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.915 DOWN 0 in basis points on the day

Your closing USA dollar index, 92.31 DOWN 14  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 THURSDAY: 12:00 PM

London: CLOSED UP 18.35 PTS OR 0.26% 

 

German Dax :  CLOSED UP 17.37 PTS OR 0.11% 

 

Paris CAC CLOSED UP 6.76  PTS OR  0.10% 

 

Spain IBEX CLOSED  UP 4.50  PTS OR  0.05%

Italian MIB: CLOSED UP 63.13 PTS OR 0.24% 

 

WTI Oil price; 70.74 12:00  PM  EST

Brent Oil: 73.34 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    72.78  THE CROSS LOWER BY 0.27 RUBLES/DOLLAR (RUBLE HIGHER BY 27 BASIS PTS)

TODAY THE GERMAN YIELD RISES  TO –.382 FOR THE 10 YR BOND 1.00 PM EST EST

END

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

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

WTI CRUDE OIL PRICE 4:30 PM : 69.79//

BRENT :  72.74

USA 10 YR BOND YIELD: … 1.295..  DOWN 1 basis points…

USA 30 YR BOND YIELD: 1.898  DOWN 2 basis points..

EURO/USA 1.1874 UP 0.0033   ( 33 BASIS POINTS)

USA/JAPANESE YEN:109.93 DOWN .162 ( YEN UP 16 BASIS POINTS/..

USA DOLLAR INDEX: 92.23 DOWN 22  cent(s)/

The British pound at 4 pm   Britain Pound/USA: 1.3834  UP .0064  

the Turkish lira close: 8.28  UP 1 BASIS PTS

the Russian rouble 72.89   UP   .17 Roubles against the uSA dollar. (UP 17 BASIS POINTS)

Canadian dollar:  1.2553 UP 69 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.383%

The Dow closed UP 131.29 POINTS OR 0.37%

NASDAQ closed UP 21.80 POINTS OR 0.14%

VOLATILITY INDEX:  16,85 CLOSED UP 0.74

LIBOR 3 MONTH DURATION: 0.119

%//libor dropping like a stone

USA trading day in Graph Form

Cryptos Jump, Small Caps Pumped, & Dollar Dumps To 1-Month Lows

 
THURSDAY, SEP 02, 2021 – 04:01 PM

As payrolls data looms tomorrow, today was relatively quiet ahead of the long weekend with the dollar perhaps stealing the headlines as it slipped further, now at one-month lows as claims were flat and productivity and factory orders all slowed considerably (and Morgan Stanley and Goldman Sachs continue to ratchet down GDP growth expectations)…

Source: Bloomberg

US Macro data has been serially disappointing for months, now back at its weakest since Aug 2019…

Source: Bloomberg

But, of course, stocks don’t care and did what stocks do… levitate. Apart from Nasdaq, the major US equity indices ended higher with Small Caps outperforming…

Record highs for the Nasdaq and S&P 500.

A reminder…

“hunker down at home” stocks outperformed “get out and party stocks” again today…

Source: Bloomberg

The short squeeze continues…

Source: Bloomberg

Bonds went nowhere on the day with the long-end maybe edging the rest of the curve and falling around 1bps…

Source: Bloomberg

As the dollar dipped today, cryptos rallied with bitcoin back above $50k intraday…

Source: Bloomberg

And Ethereum topped $3800…

Source: Bloomberg

ETH is finding resistance once again at recent highs relative to BTC…

Source: Bloomberg

Despite the dollar’s drop, Gold chopped around ending the day lower…

But oil spiked with WTI back above $70 intraday…

Finally, ahead of tomorrow’s “most important ever” payrolls print, we note that a record 50% of small businesses now have job openings… and yet there are 6 million fewer Americans working that before the pandemic lockdowns…

Source: Bloomberg

“Unintended consequence” or Cloward-Piven plan all along?

MORNING TRADING

IMPORTANT USA ECONOMIC DATA

Despite initial claim s drop to a new post COVID low, the number of Americans still on the dole rise to 12.2 million Americans.

(zerohedge)

Initial Claims Drop To New Post-Covid Low Even As Total Benefits Recipients Rise To 4 Week High

 
THURSDAY, SEP 02, 2021 – 08:45 AM

After yesterday’s dismal ADP jobs report and contraction in the ISM Mfg Employment Component, traders were looking forward to some good news on the jobs front, and they got it moments ago when the DOL reported that in the week ending August 28, initial jobless claims dropped again, sliding from 354K to 340K, beating expectations of a 345K print and a new post-covid lockdown low…

… while continuing claims also hit a new post-March 2020 low of 2.748MM, down from 2.908MM last week and also better than the 2.808MM expected.

The states with the biggest increases in initial claims were Missouri (+6,837), Ohio (+5,217), and New York (+3,381), while the states with the biggest drops were Illinois (-6,854), California (-3,591), and Virginia (-3,258).

Yet despite the continued improvement in claims, the total number of Americans collecting benefits actually rose by over 178k to just under 12.2 million.

In fact, as shown below, the total number of claimants actually hit the highest level in 4 weeks despite the expiration of jobless benefits across various republican states.

Putting it all together, we now have a record 10+ million job openings and over 12mm people still on the dole. What’s wrong with this picture?

end

Auto sales crash as dealer inventory hit an all time low

(zerohedge)

US Auto Sales Crash As Dealer Inventory Hits New Record Low

 
THURSDAY, SEP 02, 2021 – 03:40 PM

US light vehicle sales tumbled in August, sliding to just 13.1 million (SAAR) per both Wards and Motor Intelligence, down in the mid-teens percent range from about 15.3 million in August 2020 and down sharply from the July SAAR of about 14.6 million. As last month, the collapse in sales was widely attributed to the ongoing collapse in auto inventory levels.

Some more details from Goldman:

  • Car sales were down about 18% yoy, SUV sales were down about 15% yoy, and pickup truck sales were down about 24% yoy. Pickups and SUVs as a percent of total units were 19% and 53%, respectively (vs. 20% and 51% in August 2020).

  • Per Motor Intelligence, Ford sales were down about 33% yoy and GM sales were down about 39% yoy in August. Ford’s market share in August declined yoy to 11% from 14%, and GM’s market share declined yoy to 12% from 17%. We believe that Ford and GM have faced more difficult supply chain challenges than some of their competitors YTD.

But while legacy auto sales tumbled, EVs and hybrids continued their recent ascent, and in August EV sales were up about 39% yoy, and hybrid sales were up about 63% yoy, per Motor Intelligence. In part this was due in part to growing consumer demand for EVs and hybrids, in addition to more EV/HEV models on the market. It is worth noting that Tesla does not report monthly sales, and given its dominant EV market share in the US, the EV data has a greater degree of estimation than the other monthly datapoints.

Next, looking at incentives, it is hardly a surprise that with cars flying off the lots,there were barely any. According to Motor Intelligence, August’s industry incentive spending per vehicle was down about 40% yoy and down about 4% sequentially to about $2.4k per vehicle. Goldman expects industry pricing to remain strong as components shortages continue to weigh on production in the short term, and dealer inventory remains low.

Finally, the elephant in the room remains the inventory level at dealer lots, or rather lack thereof: Inventory at US dealers, already all time low, declined even more and sank sequentially to below 1.0 mn from just above 1.0 mn in July 2021, and down from 2.5 mn in August 2020. Industry DOI came in at 23 days compared to 22 days in July 2021 and 50 days in August 2020. Pickup truck DOI was 32 days (vs. 31 in July 2021 and 50 in August 2020), SUV DOI was 21 days (vs. 20 in July 2021 and 48 in August 2020), and car DOI was 18 days (vs. 19 in July 2021 and 52 in August 2020).

Inventories at dealers continued to fall from already historically low levels, and according to Goldman, it will take time for inventory at dealers to return to normalized levels given the strong demand for vehicles coupled with ongoing supply chain challenges (particularly with semiconductor chip shortages, but also due to shipping constraints).

What are the implications? According to Goldman’s auto analyst, “August sales results were well below our preview” as historically low inventory levels (below 1MM units vs. historically in the 3-4MM range) continued to weigh on industry sales but by more than even Goldman had expected. Goldman concludes that the August sales level, coupled with the reduced volumes in recent months and very low inventory, implies downside risk to its full-year CY21 SAAR view, driven by very limited supply “given that inventory declined by about ~50K units mom despite the weaker sales level.

iii) Important USA Economic Stories

This is not good:  lawyer representing 17 of the Jan 6 Capitol fiasco has COVID and the case is not proceeding as Pierce is basically missing in action

(Philips/EpochTimes)

Lawyer Representing 17 Jan. 6 Defendants Has Mysteriously Gone Missing: Court Filings

 
THURSDAY, SEP 02, 2021 – 06:00 AM

Authored by Jack Phillips via The Epoch Times (emphasis ours),

An attorney who is representing 17 accused Jan. 6 Capitol breach defendants has disappeared, possibly suffering from COVID-19, according to a court filing on Monday.

Acting U.S. Attorney Channing D. Phillips said in a court document (pdf) that nearly 20 cases related to the Jan. 6 incident are not proceeding after John Pierce, the lawyer, went missing.

 

Police release tear gas into a crowd during clashes at the U.S. Capitol Building in Washington on Jan. 6, 2021. (Shannon Stapleton/Reuters)

Pierce, according to the court filing, is “reportedly ill with COVID-19, on a ventilator, and unresponsive.” Pierce’s law firm associate, Ryan Marshall—who is not a licensed attorney—has been appearing in Pierce’s place at court hearings and proceedings. Marshall also was the one who revealed Pierce’s alleged hospitalization and condition, said the filing.

The lawyer, who generally posts on Twitter several times per day, has not posted since Aug. 20.

“Because Mr. Pierce is unavailable and Mr. Marshall cannot ethically or legally represent Mr. Pierce’s clients,” Phillips said, “the government is making the Court aware of Mr. Pierce’s reported illness so that it can take any steps it believes necessary to ensure the defendant’s rights are adequately protected while Mr. Pierce remains hospitalized.”

But later in the court filing, the U.S. attorney’s office said it obtained “conflicting information about Mr. Pierce’s health and whereabouts.”

When it was revealed publicly that Pierce was hospitalized with COVID-19, a report from NPR, citing unnamed sources, said that he may have been suffering from dehydration, exhaustion, and is believed to have symptoms related to COVID-19.

And a colleague of Pierce, Brody Womack, told Business Insider that Pierce “appears to have been suffering from dehydration and exhaustion in relation to his tireless work on behalf of his clients, including the many defendants he represents in connection with the January 6, 2021 protest at the Capitol.”

On Aug. 26, Marshall appeared in place of Pierce, telling a U.S. attorney’s assistant that he hasn’t had any contact with Pierce and adding that one of his friends “had told him that Mr. Pierce was sick with COVID-19 and another had said he was not,” the filing said.

“From the government’s perspective,” said Phillips’ office, “given Mr. Pierce’s reported illness and the fact that Mr. Marshall is not a licensed attorney, this case is effectively at a standstill.”

Even though Marshall “has been the government’s main or sole point of contact for many of the defendants represented by Mr. Pierce, the government does not believe it appropriate to continue to communicate with him in Mr. Pierce’s absence, during which he would necessarily be acting without supervision by a licensed attorney,” the court document said.

Some of Pierce’s clients said they are starting to become concerned.

Paul Rae, an alleged Proud Boy from Florida who has pleaded not guilty, told ABC News on Monday that he is “a bit concerned” about the lawyer’s health and the overall situation regarding his representation. An associate of Pierce, Rae said, told him that the attorney isn’t on a ventilator and is recovering.

“Unless I’m being lied to, I’m hearing ‘Don’t be concerned,’” Rae told the network. “I don’t know what’s going on.”

The Epoch Times contacted Pierce’s office for comment. When reached for comment via telephone, the phone lines for his law firm appeared to be disconnected.

END

Liberals are furious after the Supreme Court declines to block Texas abortion law in a 5 to 4 vote.

(zerohedge)

Liberals Furious After Supreme Court Declines To Block Texas Abortion Law In 5-4 Vote

 
THURSDAY, SEP 02, 2021 – 07:00 AM

One day after allowing Texas’s heartbeat bill – the most restrictive abortion law passed in the US since the dawn of the Roe v. Wade era – to take effect, the Supreme Court has declined to block the law, which bars abortions after a fetal heartbeat can be detected – usually around the six-week mark.

The court’s nighttime order, which arrived just before midnight in the form of a single paragraph and rejected an emergency request by clinics and abortion-rights advocates, marks a turning point in the legal battle over abortion rights. While not a final ruling on the measure’s constitutionality, the court’s action validates – at least temporarily – a novel attempt by Texas lawmakers to insulate antiabortion legislation from court challenge (the novel strategy here is Texas’ decision to charge private persons with enforcement of the law, making it more difficult for pro-choice activists to halt enforcement of the law by suing the parties responsible for enforcement). The unsigned order was approved by 5-4 vote, with most of the conservative justices in the majority (with Chief Justice John Roberts joining the court’s three liberal justices in opposition).

In the unsigned explanation, the court’s majority added that the decision was “not based on any conclusion about the constitutionality of Texas’s law” and allowed legal challenges to proceed.

The court issued four separate dissents (though the liberal justices took turns co-signing on their colleagues’ dissenting opinions), along with a majority opinion penned by Justice Neil Gorsuch explaining that abortion providers “raised serious questions regarding the constitutionality of the Texas law at issue.” But the court went on to say that continuing litigation over the abortion restrictions raised “complex and novel” questions about legal procedure that undercut the providers’ request to halt the ban right now.

“In light of such issues, we cannot say the applicants have met their burden to prevail in an injunction or stay application,” the court wrote. Justices Clarence Thomas and Samuel Alito, along with Trump appointees Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett, formed the majority.

The majority said its order allowing the ban “is not based on any conclusion about the constitutionality of Texas’s law, and in no way limits other challenges to the Texas law, including in Texas state courts.”

The dissenting opinions were described by WSJ as “scathing”, with each of the dissenting justices writing their own opinion. The most critical was penned by Justice Sonia Sotomayor, who accused the Texas lawmakers of cynically flouting legal precedents.

“Taken together, the Act is a breathtaking act of defiance—of the Constitution, of this Court’s precedents, and of the rights of women seeking abortions throughout Texas,” she wrote, joined by Justices Stephen Breyer and Elena Kagan.

Chief Justice Roberts opted for milder language, questioning the state’s “not only unusual, but unprecedented” way of crafting its abortion ban, which for tactical reasons delegated enforcement to private parties instead of state officials.

Joined by Justices Breyer and Kagan, the chief justice said the law should be blocked while “courts may consider whether a state can avoid responsibility for its laws in such a manner.”

The emergency appeal, which was sent to SCOTUS on Monday, focused on what, if any, provisions of the law should apply in Texas while the courts continue to debate and decide the issue. The justices were confronted with that issue after a federal appeals court halted trial-court proceedings in the case for now and declined to block the ban from taking effect.

All four Whole Woman’s Health clinics in Texas were open Wednesday and operating within the strictures of the new law.  The clinics are able to offer ultrasounds and make plans to provide the procedure for anyone without detectable embryonic cardiac activity, though abortion providers say the new bill will bar 85% of abortions in the state.

On social media, pro-choice women were throwing a pity party, lashing out at any white male (or white woman) who dared to defend the abortion restrictions.

Some even seized the opportunity to engage in one of the brain-diseased progressive’s favorite passtimes: relitigating the 2016 election between Hillary Clinton and Donald Trump.

end
Ida unleashes her fury on New York City
(zerohedge)

NYC Paralyzed, 9 Dead As Ida Remnants Unleash “Once In A Century Storm” Across Northeast

 
THURSDAY, SEP 02, 2021 – 09:00 AM

The remnants of Hurricane Ida triggered Flash Flood Emergencies for New York City and New Jersey late Wednesday night as torrential rain, winds, and tornados unleashed chaos across the Northeast, effectively paralyzing New York where subways were flooded and where mass transit remains largely halted. Reuters reports at least nine weather-related deaths from flash flooding in NYC and New Jersey. The deadly waters swamped subway stations, airport terminals, highways, tunnels, and baseball stadiums. 

Here are some of the most recent developments courtesy of Bloomberg:

  • Travel Advisory in Effect on NYC Streets: 7:30 a.m. A travel advisory remains in effect in New York City, which asked all non-emergency vehicles to stay off the city’s streets and highways while clean up continues. The city had lifted a ban on non-essential travel at 5 a.m.
  • Biden to Speak About Federal Response to Ida: 7:26 a.m. President Joe Biden is scheduled to deliver remarks from the White House at 11:30 a.m. on the federal response to Hurricane Ida, which cut off power for millions and prompted gasoline shortages affecting millions of people across Louisiana. Biden plans to visit Louisiana on Friday to survey storm damage and assess the federal response.
  • MTA Service ‘Largely Suspended’ in NYC: 6:56 a.m. New York’s Metropolitan Transportation Authority service on subway, bus and commuter rails is “largely suspended due to heavy rainfall and flooding across the region,” according to the MTA’s website. The C, E, B, Z, S and Number 3 lines were among those suspended as of 7:30 a.m. Other lines had significant delays.

Around 2340 ET Wednesday, we posted a weather note detailing the mayhem in NYC as flash floods in subways and multiple tornadoes through New Jersey, caused both states and NYC Mayor Bill de Blasio to declare a state of emergencies.

The expected rainfall rate in NYC was an astonishing 3 to 5 inches per hour. The National Weather Service (NWS) issued a Flash Flood Emergency that warned residents of the metro area to “Seek higher ground now!” 

Between 2051 ET and 2251 ET, remnants of Ida dumped 3.15 inches in Central Park. To put that in perspective, that’s about seven weeks of average rainfall in about an hour, NWS meteorologist Alex Lamers told Bloomberg

Northeast 24-Hour Rain Map 

NYC’s subway system was paralyzed as water from the streets poured onto underground train platforms in Manhattan. In New Jersey, nearly all of NJ Transit’s rail service was suspended. 

New York Gov. Kathy Hochul declared a state of emergency late Thursday — directly after NYC Mayor Bill de Blasio announced his, along with a travel ban for all non-emergency vehicles through 0500 ET. 

According to Axios, NWS discussions and other meteorologists have suggested yesterday’s storm was a one in 100- to 500-year event. 

Between Pennsylvania, New Jersey, and New York, Poweroutage.US indicates approximately 200,000 people are without power on Thursday morning. 

Earlier Wednesday, multiple large tornadoes were spotted in Maryland, Pennsylvania, and New Jersey, causing damage. 

… and, of course, climate expert Greta Thurnberg was busy tweeting away last night about the chaos in the Northeast, seizing any opportunity to push her climate change agenda, because clearly this was the very first hurricane to hit the Tristate area since the Ice Age.

end

Two Top FDA Officials Resign “In Anger” Over “Intensifying Pressure” To Approve Booster & Shots For Kids Under 12

 
THURSDAY, SEP 02, 2021 – 09:26 AM

Submitted by Quoth the Raven at QTR’s “Fringe Finance” blog.

Just in case you didn’t think the Soviet-style mass vaccination propaganda wasn’t also doubling as a political campaign and was all about “the science”, it seems like a great day to point out that two FDA officials – with a combined total of over 40 years of work experience at the agency – just resigned over the politicization of the vaccination process.

Among those leaving is the director of the FDA’s Office of Vaccines Research & Review and the vaccine office’s deputy director. Nothing to see here…

Becker’s Hospital Review wrote about the resignations this week:

Marion Gruber, PhD, director of the FDA’s Office of Vaccines Research & Review, will retire Oct. 31. She’s been with the FDA for 32 years. Phil Krause, MD, the vaccine office’s deputy director, will leave in November, according to the letter from Peter Marks, MD, PhD, who leads the agency’s Center for Biologics Evaluation and Research.

A former senior FDA leader told Endpoints News the two leaders are stepping down from their roles because they’re frustrated that the CDC and its Advisory Committee on Immunization Practices are involved in decisions they believe should be the FDA’s. The White House’s announcement that booster shots would be available Sept. 20, which was made without the FDA’s approval, was reportedly what prompted the two leaders to step down.

“FDA is losing two giants who helped bring us many safe and effective vaccines over decades of public service,” former FDA acting Chief Scientist Luciana Borio, MD, tweeted about the resignations.

Other reports, like this one from Yahooclaimed that the two officials were “leaving in anger” over President Biden’s plan to roll out booster shots before officials had a chance to approve it.

I can’t help but want to ask: tell me again why the unvaccinated are “crazy” for citing lack of FDA approval as a reason to be tentative about the vaccine?

Because it appears that FDA officials seem to think the agency’s approval/buy-in for vaccinations is so important, is has prompted them to resign after decades of working for the FDA.

According to the Yahoo! report, a senior FDA leader said two duo resigned because “they felt that the Centers for Disease Control and Prevention was making vaccine decisions that should have been left to the FDA”.

The report says:

“The source said the final straw was the Biden administration’s announcing the booster-shot plan before the FDA had officially signed off on it.”

At least it’s nice to know that it isn’t just with eviction moratoriums where the CDC is overstepping its boundaries and trying to usurp authority it doesn’t belong having. Remember when the Centers for Disease Control tried to tell people they didn’t have to pay rent?

ARS Technica added to the story this week, revealing that the officials also resigned over intensifying pressure” to approve booster “doses for children under the age of 12.”

ARS Technica reported that the pushback at the agency is growing to the point of becoming a “potential mutiny”:

Politico, which spoke with 11 former and current health officials, described the situation at the FDA as a “potential mutiny” among agency staff and outside vaccine experts.

Adding to the tension, the upheaval at the FDA comes as parents, caregivers, and teachers anxiously look to the agency to expeditiously review and authorize COVID-19 vaccine doses for young children, who are filling hospitals at higher rates than ever before during the pandemic.

For those unfamiliar with just how politicized Covid has gotten, I recently pointed out the vast, changing narrative behind when we can “return to normal” and herd immunity in this article, which lays out Dr. Fauci’s constantly changing narrative to the American public.

Thanks to continued feedback from my followers, I’ve known for more than a year now that large parts of the American public have woken up to the wool being pulled over our eyes from political leaders, as they try to use the pandemic to grab every bit of power they can. Now, it appears that regulatory agencies are catching on, too.

The two FDA scientists that resigned in protest go down in my book as heroes. It is only through consistent actions like these that dissenters to the “official” narrative will start to be heard.

Kudos, Drs. Gruber and Krause.

*  *  *

You can read the rest at my Substack newsletter, “FRINGE FINANCE” available by clicking here.

Help fight media censorship and groupthink here: http://quoththeraven.substack.com,

end

“Hit The Pause Button”: Manchin Throws Democrats’ $3.5 Trillion Plan Into Disarray

 
THURSDAY, SEP 02, 2021 – 02:43 PM

Moderate Democratic Senator Joe Manchin (WV) has called on fellow Democrats to “hit the pause button” on their $3.5 trillion economic blueprint, throwing the tax-and-spending plan into disarray

According to Bloomberg, Manchin said this week that “runaway inflation” and uncertainty over Afghanistan-fueled national security risks warrants a ‘go-slow’ approach and a possible rethinking of the plan.

“Hit the pause button,” he said during a West Virginia Chamber of Commerce event held Wednesday. “Let’s sit back. Let’s see what happens. We have so much on our plate. We really have an awful lot. I think that would be the prudent, wise thing to do.”

Manchin’s comments come as Democratic leaders and committee chairs in the Senate and House are working out the specifics of the economic package, with a goal of moving it through Congress in the weeks after lawmakers return from an extended August recess. Manchin is a linchpin vote because Republicans are united in opposition. All members of the Senate Democratic caucus would have to back the measure in order for it to get the 51 votes needed to pass, with Vice President Kamala Harris providing the tie-breaking vote. 

The spending package also is facing obstacles in the House. Democrats can only afford three defections in that chamber if Republicans are united in opposition, and some moderate Democrats also are balking at the size of the package being drawn up. -Bloomberg

Manchin also called for the House to pass the $550 billion bipartisan infrastructure bill, which House Speaker Nancy Pelosi (D-CA) has insisted must be passed along with the $3.5 trillion plan. 

end

iv) Swamp commentaries/

DHS, CNN Scramble To Flip Biden Afghanistan Narrative Back To Domestic ‘White Supremacists’ Threat

BY TYLER DURDEN
THURSDAY, SEP 02, 2021 – 02:20 PM

President Biden had a disastrous August. His poll numbers tumbled to their lowest point of his presidency, and much of that had to do with the chaotic withdrawal from Afghanistan. 

In a bid to recapture the narrative and distract the minds of Americans from the Afghan farce, the Biden administration and liberal media appear to be attempting to shift the focus to who they believe the real enemy is…

“White supremacist and anti-government extremists have expressed admiration for what the Taliban accomplished, a worrying development for US officials who have been grappling with the threat of domestic violent extremism,” CNN reported on Wednesday.

For weeks, Americans on both sides of the political spectrum were shocked by the images coming out of Kabul Airport, resembling the Fall of Saigon in 1975. 

Nearly 100 retired generals and admirals have demanded US Defense Secretary (and former Raytheon board member) Lloyd Austin and Chairman of the Joint Chiefs of Staff Mark Milley resign immediately over the botched Afghanistan withdrawal by the Biden administration. 

All of which has prompted the White House and liberal media to find a way to come together again to remind Americans that far-right groups are the real enemy. 

John Cohen of the Office of Intelligence and Analysis at the Department of Homeland Security was on a conference call last Friday with various law enforcement agencies and warned that white supremacists groups were “framing the activities of the Taliban as a success,” according to CNN, who reviewed a transcript of the call. 

Cohen warned about the “the great replacement concept” theory that white supremacists groups believe they’re losing control of the country as immigrants from other countries, including Afghanistan, come in by the thousands. 

“There are concerns that those narratives may incite violent activities directed at immigrant communities, certain faith communities, or even those who are relocated to the United States,” he added.

CNN continued to hype the far-right extremist threat by citing a story from SITE Intelligence Group, an NGO run by professional “extremist tracker” Rita Katz.

Katz’s warned that “far-right group” Proud Boys allegedly said:

“These farmers and minimally trained men fought to take back their nation back from globohomo. They took back their government, installed their national religion as law, and executed dissenters … If white men in the west had the same courage as the Taliban, we would not be ruled by Jews currently.” 

The story also quotes two unnamed federal officials.

Matt Taibbi summed up the farcical ‘sourcing’ here very succinctly:

What the liberal media is doing is clear. They’re shielding Biden from the withdrawal debacle while attempting to change the narrative because presidential polling data is slumping ahead of the midterms. The goal is to refocus the masses once again on domestic white terrorists at home, which as a reminder are “the greatest threat to democracy” according to the Biden admin. 

The transparency of this move by the administration and its key allies is evident for all to see.

Is it any wonder, trust in the media is in the toilet?

The King Report September 1, 2021 Issue 6585 Independent View of the News

 The Daily Mail: As Biden repeats claim that ‘nobody could have known’ Afghan Army would collapse, bombshell transcript from July reveals he pressured Afghan President Ghani to create ‘perception’ Taliban wasn’t winning ‘WHETHER IT’S TRUE OR NOT’
    ‘I need not tell you the perception around the world and in parts of Afghanistan, I believe, is that things are not going well in terms of the fight against the Taliban,’ Biden said.  ‘And there is a need, whether it is true or not, there is a need to project a different picture.’…
    ‘The intelligence community did not say, back in June or July, that in fact this was going to collapse like it did,’ Biden told ABC News earlier this month…Behind the scenes, however, Biden apparently knew that the situation was more precarious… (Now add Big Guy lying demerits to his report card!)
     ‘But I really think, I don’t know whether you’re aware, just how much the perception around the world is that this is looking like a losing proposition, which it is not, not that it necessarily is that, but so the conclusion I’m asking you to consider is to bring together everyone from [Former Vice President Abdul Rashid] Dostum, to [Former President Hamid] Karzai and in between,’ he said.
     ‘If they stand there and say they back the strategy you put together, and put a warrior in charge, you know a military man, Khan in charge of executing that strategy, and that will change perception, and that will change an awful lot I think.’  Ghani responded by saying Afghanistan was facing not just the Taliban, but their foreign backers. 
    ‘We are facing a full-scale invasion, composed of Taliban, full Pakistani planning and logistical support, and at least 10-15,000 international terroristspredominantly Pakistanis thrown into this,’ he said… https://www.dailymail.co.uk/news/article-9945031/Biden-told-Afghan-President-needed-change-perception-Talibans-rapid-advance.html

The Daily Mail story is devastating to Biden on several issues besides the blatant lying: Pakistan and international terrorists’ role; and the fact that The Big Guy and Team Obama knew all this and did nada.

Myriad ex-intel officials are all over social media claiming that the intel community (IC) leaked the devastating transcripts of The Big Guy because they are livid with what he has done, what he has done that is not public, and what he is planning to do.  This implies more leaks are forthcoming.  The IC will do whatever is necessary to save itself.  What does Pakistan and China have on TBG?

@HeidiBriones: Senior officials Marion Gruber and Phil Krause leaving the FDA. Apparently, “they’re frustrated that CDC and their ACIP committee are involved in decisions that they think should be up to the FDA” and especially concerned about “booster shots.

In a major blow to vaccine efforts, senior FDA leaders stepping down – Two of the FDA’s most senior vaccine leaders are exiting from their positions, raising fresh questions about the Biden administration and the way that it’s sidelined the FDA… a massive blow to confidence in the agency’s ability to regulate vaccines… “These two are the leaders for Biologic (vaccine) review in the US. They have a great team, but these two are the true leaders of CBER. A huge global loss if they both leave,”… (10% for TBG?) https://endpts.com/breaking-in-a-major-blow-to-vaccine-efforts-senior-fda-leaders-stepping-down-report/

@kerpen: This is why the White House getting ahead of FDA is such a disaster.  Scientists can’t do their job with a predetermined outcome.  How would the media handle these FDA resignations if the president who pre-announced booster authorization were named Trump?

China’s manufacturing sector slows as export demand weakens (for August)
The monthly purchasing managers’ index of the Chinese statistics bureau and an official industry group declined to 50.1 from July’s 50.4… A sub-measure of new exports fell by a full point from the previous month to 46.7, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing…  https://apnews.com/article/business-china-global-trade-437510b2f9cf5233eed924721a09c3b1

U.S. home prices once again jumped the most in more than 30 years. https://t.co/2blGXmSNH3

Walgreens Bumps Pay to $15 amid Acute Worker Shortage in U.S.
https://www.bloomberg.com/news/articles/2021-08-31/walgreens-bumps-pay-to-15-amid-acute-worker-shortage-in-u-s

@charliespiering: Biden speech scheduled for 1:30 p.m. on Afghanistan now rescheduled for 2:45 p.m.
   Biden’s speech scheduled for 2:45 pm has been delayed by the White House. Assembled reporters were told to leave and wait for an update. (Pressing issue or meds not working?  Teleprompter out?)

The Big Guy’s Teleprompter recitation began at 15:30 ET.  The addled president called his evacuation plan “an extraordinary success”.  “Let me be clear, leaving August 31 was not due to an arbitrary deadline … It was designed to save American lives…”  TBG blamed the Afghan president for fleeing; he blamed Trump for his deal.  Joe blamed Americans for not fleeing earlier – we’re not making this up!!!

He yelled, then whispered; he threatened ISIS-K and other terrorists.  He spent most of the time rationalizing his Afghan strategy, claiming he saved lives.  He was indignant, defensive, and angry.  As we all would expect, The Big Guy invoked his son Beau and hastily bolted after his deplorable speech, taking no questions, again.  Immediately after the speech, the WH called a lid for the rest of the week!

@RaheemKassam: He just invoked his son Beau, again. Beau sadly passed away of cancer 4 years after serving a one-year deployment as an Army lawyer in Afghanistan, during which time his father (then Vice President) visited him 3 times.

CNN’s @ScottJenningsKY: Biden never handles criticism well, from snapping at individual voters and reporters to this extremely defensive speechHe’s thin-skinned and totally without self-awareness

#3 House GOP Leader @EliseStefanik: History remembers extraordinary Presidential speeches during times of crisis.  Great speeches are able to combine compassion, aspiration, empathy, leadership, with the ability to speak directly in the homes of every American.  This will be remembered as a national embarrassment.

@JackPosobiec: Studies show that anger issues generally worsen the more severe an Alzheimer’s or dementia sufferer’s condition becomes.

History shows most Americans will forgive blunders after a sincere act of contrition.  But, defiantly, shrilly, and insultingly doubling down on egregious mistakes is unforgivable and infuriating.

A competent leader can get efficient service from poor troops, while on the contrary an incapable leader can demoralize the best of troops.” – General John J. Pershing

@ElectionWiz: Press Secretary Jen Psaki was asked at the WH briefing today about why President Biden repeatedly looked at his watch during the dignified transfer for the fallen service members.  Psaki never answered the question.

Psaki said the US will now try to get the Kabul airport up & running to evacuate Americans!?!?!

Pentagon admits that Americans are ‘stranded’ in Afghanistan after U.S. withdrawal
https://justthenews.com/government/federal-agencies/pentagon-admits-americans-are-stranded-afghanistan-after-us-withdrawal

WaPo Editorial Board: America is leaving thousands of people behind in Afghanistan. This is a moral disaster… one attributable not to the actions of military and diplomatic personnel in Kabul — who have been courageous and professional, in the face of deadly dangers — but to mistakes, strategic and tactical, by Mr. Biden and his administration
https://www.washingtonpost.com/opinions/2021/08/30/evacuation-may-be-ending-americas-responsibility-afghan-friends-left-behind-is-not/

Op-ed in WaPo: For Democrats, the political pain of Biden’s bungled exit from Afghanistan could be just beginning – I had the lowest expectations imaginable for former president Donald Trump… It’s different with President Biden. I voted for him… What makes this disaster so infuriating is that it was entirely predictable… In 2020, his competence, his caring and his commitment to U.S. international leadership were his calling cards. All three C’s are now called into doubt by his exit from Afghanistan…
   The bad news is that the political pain of Afghanistan could get worse. Imagine what would happen if there were a major terrorist attack emanating from Afghanistan, especially on U.S. soil…
https://www.washingtonpost.com/opinions/2021/08/31/democrats-political-pain-bidens-bungled-exit-afghanistan-could-be-just-beginning/

CNN National Security @NatSecCNNThe US military negotiated a secret arrangement with the Taliban that resulted in Taliban members escorting groups of Americans to the gates of the Kabul airport as they sought to escape Afghanistan, 2 defense officials tell @barbarastarrcnn
(What did the US give or concede to the Taliban for this arrangement?)

@Breaking911: Biden National Security Advisor Jake Sullivan says the US may deliver aid & economic assistance directly to the Taliban   https://twitter.com/Breaking911/status/1432746089669595141

GOP Sen. Tom Cotton: ‘Joe Biden Kept His Promise to the Taliban and Broke His Promise to Americans’ https://beckernews.com/2-tom-cotton-joe-biden-kept-his-promise-to-the-taliban-and-broke-his-promise-to-americans-41264/

The US media is largely refusing to report on the opprobrium that family members of fallen US troops hurled at The Big Guy during the memorial service.  The UK and US conservative media are reporting it.

‘I hope you burn in hell! That was my brother!’ What sister of Marine killed in Afghanistan screamed at Biden during Dover casket ceremony where he ‘wouldn’t even look’ relatives in the eye

  • Families of the fallen U.S. service members were left disappointed by President Joe Biden’s actions at the dignified transfer on Sunday
  • Mark Schmitz, father of fallen Marine Lance Corporal Jared Schmitz, said his meeting with the president on Sunday ‘didn’t go well’
  • Darin Hoover, father of fallen Marine Staff SergeantTaylor Hoover, said their family decided ‘absolutely not’ to meet the president
  • Both fathers said Biden was seen repeatedly checking his watch after each casket was transferred onto U.S. soil from the plane

https://www.dailymail.co.uk/news/article-9943475/I-hope-burn-hell-sister-Marine-killed-Afghanistan-screamed-Biden-Dover.html

Instagram restores account of fallen troop’s mother, acknowledges mistakenly deleting her
Ms. Chappell also tagged Mr. Biden and posted a message about her interaction with him at a private meeting on Sunday. She said Mr. Biden tried to interrupt her and rolled his eyes at her.
    “[You] turned to walk away and I let you know my sons blood was on your hands and you threw your hand up behind you as you walked away from me like you were saying “ ok whatever!!!” Ms. Chappell said on Facebook. “You are not the president of the United States of America Biden!!! Cheating isn’t winning!!!You are no leader of any kind! You are a weak human being and a traitor!!!”…
https://amp.washingtontimes.com/news/2021/aug/31/instagram-restores-account-fallen-troops-mother-ac/

Mother of Slain Marine Excoriates Joe Biden for Checking Watch While Honoring Soldiers, Rolling His Eyes at Her – She recounted that she met Biden at the Dover Airport for the dignified transfer ceremony and said the president tried to talk to her about his son Beau Biden who died of cancer.  “[Y]ou tried to interrupt me and give me your own sob story and I had to tell you ‘that this isn’t about you so don’t make it about you!!!’” Chappell wrote… “U turned to walk away and I let you know my sons blood was on your hands and you threw your hand up behind you as you walked away from me like you were saying ‘ok whatever!!!’” she wrote.  She said she watched as Biden checked his watch five different times during the ceremony…    https://www.breitbart.com/politics/2021/08/31/mother-of-slain-marine-excoriates-joe-biden-for-checking-watch-while-honoring-soldiers-rolling-his-eyes-at-her/

Ex-intel officer @MPPregent: If you are wondering why prominent retired generals are not criticizing Biden, Austin, and Milley directly – it’s because they would lose their board positions and soft-landings in corporate and tech America.

ABC7: 3-year-old California boy stranded in Afghanistan
This three-year-old boy was born near Sacramento; his passport shows he is a US citizen, and he’s going through a harrowing ordeal right now, unable to escape Afghanistan. We’re hiding his identity and that of his father, a social worker, and other family members who are all US permanent residents, for fear of them being captured by the Taliban… the I-Team learned the boy and family are on the move, after linking with other Americans who are desperate to flee Afghanistan — without the normal channels of the US government, in the chaos that we left behind.
https://abc7news.com/society/exclusive-3-year-old-california-boy-stranded-in-afghanistan/10990233/

WSJ: Afghan Interpreter Who Helped Rescue Biden in 2008 Left Behind After U.S. Exit
Interpreter stranded in Afghanistan makes a White House appeal: ‘Don’t forget me here.’
https://www.wsj.com/articles/afghan-interpreter-who-helped-rescue-biden-in-2008-left-behind-after-u-s-exit-11630429285

@seanspicer: Former Obama State Dept senior official @jimsciutto goes after Blinken for failing to take questions: “You gotta answer reporter questions after a speech and a moment like this.”

Kevin McCarthy @GOPLeader: Democrats just blocked a vote to require a plan from President Biden to bring Americans home and to account for all the military equipment he left behind.  (WHY???) Republicans will not stop until every American is home safely.

@RepGregSteube: House Democrats just refused to recognize Republican veterans on the House Floor to read the names of our fallen service members in Afghanistan. That’s how far our nation has fallen.

Al Qaeda IS already back in Afghanistan: Bin Laden security chief and arms supplier Amin ul-Haq RETURNS to his hometown after 20 years, just hours before final US troops leave
    A video surfaced Monday of Amin ul-Haq returning to his home province
    He led security for Osama bin Laden in Tora Bora, Al Qaeda’s cave complex, and escaped with him when US military forces attacked the terrorist hotbed
https://www.dailymail.co.uk/news/article-9939989/Al-Qaeda-Afghanistan-Bin-Laden-security-chief-Amin-RETURNS-20-years-pulls-out.html

GOP Rep. @claudiatenney: I am still in communication with families of American citizens and Green Card holders who are stranded in Afghanistan.  These people have been abandoned by their President. Working hard to make it right! 

After outrage from reports that Biden left US service dogs in cages at the Kabul airport, John Kirby
@PentagonPresSec: To correct erroneous reports, the U.S. Military did not leave any dogs in cages at Hamid Karzai International Airport, including the reported military working dogs. Photos circulating online were animals under the care of the Kabul Small Animal Rescue, not dogs under our care. 
     @JackPosobiec: Yeah, we already know they got let out of the cages after you denied their evac flight.  We have video of them now roaming stray on the tarmac as the Taliban approach.

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

China’s economic recovery continues to stall as factory activity contracts for first time since April 2020 – The Caixin/Markit manufacturing purchasing managers’ index (PMI) fell to 49.2 in August from 50.3 in July (50.2 expected) – China’s official manufacturing PMI dropped to 50.1 in August from 50.4 in July… A subindex for production fell to 47.7, the slowest pace of expansion since February last year at the height of the pandemic, while another subindex for new orders slipped to 48.0…
https://www.scmp.com/economy/china-economy/article/3147102/chinas-economic-recovery-continues-stall-factory-activity
 
US Economic Data Released on Wednesday

  • The ADP Employment Change for August is only 374,000.  625k was consensus.
  • Aug Markit US Mfg PMI 61.1, 61.2 expected and prior
  • August ISM Mfg 59.9, 58.5 expected, 59.5 prior
  • ISM New Orders 66.7, 61 expected
  • ISM Prices Paid 79.4, 84 expected
  • ISM Employment 49, 52.9 prior
  • July Construction Spending 0.3% m/m, 0.2% expected, June revised to 0% from +0.1%

 
BBG’s lisaabramowicz1: There’s evidence of structural shifts in the labor market that may have lasting effects, perhaps pointing to a tighter labor market than it may seem. Among them: a greater desire for some women to stay home with their young kidshttps://t.co/9O2kd0BHOC
 
Fed Faces ‘Ugly Fight’ Over Jobs Goal in Next Big Policy Debate
Federal Reserve officials are moving on to their next big policy debate: defining their “broad and inclusive” maximum-employment goal that they have pledged to reach before raising interest rates…the Fed’s overhaul of monetary policy last year didn’t spell out a numeric definition for the minority unemployment rates that would meet their new goal…“What does broad and inclusive mean? It is going to be a very ugly fight.”…
https://www.bloomberg.com/news/articles/2021-09-01/fed-s-next-big-policy-debate-how-to-define-maximum-employment
 
ESUs, similar to Tuesday, commenced a rally at 21:00 ET.  It peaked on the European open.  ESUs and stocks then retreated until a really materialized when the US repo market opened at 7 ET.  The rally ended 17 minutes after the US bond market opened at 8:00 ET.  ESUs and stocks then tumbled until 9:55 ET.  These moves were almost identical to the moves for the previous session.  Yes, Virginia, it was traders adhering to trading models!Scientists Question Joe Biden’s Push for COVID Vaccine Booster Shots (Big Pharma & Big Guy?)
https://www.newsweek.com/joe-biden-covid-vaccine-boosters-shots-1624994
 
Rasmussen poll: 52% of voters say Biden should resign; 60% favor impeachment, over Afghanistan
A total of 40% of Democrats believe Biden should be impeached… Thirty-nine percent (39%) disagree, and nine percent (9%) are not sure… (62% women want removal)
https://justthenews.com/politics-policy/polling/rasmussen-poll-52-voters-biden-resigning-60-impeachment-over-afghanistan
 
@Rasmussen_Poll: Biden approval index of strongly approve to strongly disapprove is now -23, widest ever – https://t.co/q2V94ga6bR
 
@M_McAdams: In (Progressive pollster) @NavigatorSurvey ‘s latest poll @JoeBiden is 25 points underwater with independent voters. TWENTY-FIVE.33% Approve – 58% Disapprove   https://navigatorresearch.org/wp-content/upl
 
Today – Instead of rallies for Monday and Tuesday, ex-techs, US stocks declined.  The start-of-September rally was lackluster.  Obviously, something is vexing Mr. Stocks.  It’s probably economic concerns due to lackluster and disappointing economic data.  There could also be a political element.
 
On the positive side, which the media is trying to ignore, Delta Variant cases in the US appear to have peaked about two weeks ago.  Some experts predicted this development; some experts say the northern US will get the Covid spikes in the fall.  That’s possible.  But were Covid-carrying southern border crashers a factor in the south’s Covid spikes this summer?
 
The Daily Mail: COVID infections driven by Delta appear to have peaked in US amid speculation that it has followed the same pattern as other variants https://t.co/7jRgS22j7Y
 
The usual trading games and schemes are likely to occur again today, barring news.  However, the afternoon’s action could be muted as saner angels get cautious ahead of the critical August Employment Report due tomorrow.  A good or in line August NFP will generate copious table talk that a Fed QE taper announcement will occur at the September 21-22 FOMC soiree. DoD Had Foreknowledge of Kabul Airport Bomber Had Lock on Him…Denied Permission to Fire Predator Drone (If true…Yikes!  Will someone leak out more specific details of this?)
https://djhjmedia.com/steven/dod-had-foreknowledge-of-kabul-airport-bomber-had-lock-on-him-denied-permission-to-fire-predator-drone/
 
Before Afghan collapse, Biden pressed Ghani to ‘change perception’
The men spoke for roughly 14 minutes on July 23… In much of the call, Biden focused on what he called the Afghan government’s “perception” problem. “I need not tell you the perception around the world and in parts of Afghanistan, I believe, is that things are not going well in terms of the fight against the Taliban… And there is a need, whether it is true or not, there is a need to project a different picture.”
    “We are facing a full-scale invasion, composed of Taliban, full Pakistani planning and logistical support, and at least 10-15,000 international terrorists, predominantly Pakistanis thrown into this,” Ghani said. Afghan government officials, and U.S. experts, have consistently pointed to Pakistani support for the Taliban as key to the group’s resurgence…
https://www.reuters.com/world/exclusive-call-before-afghan-collapse-biden-pressed-ghani-change-perception-2021-08-31/
 
@julie_kelly2: “In the call, Biden offered aid if Ghani could publicly project he had a plan to control the spiraling situation in Afghanistan.” So…a quid pro quo with US tax dollars? I’ve been assured this is an impeachable offense.
 
GOP Rep. @mtgreenee: Change the perception.” This phone call will definitely change the perception.  It’s actually going to change everything.  Impeachment for a phone call….They all knew, they were told.
 
Republicans slam Biden for bombshell Ghani call on fight against Taliban  https://t.co/by3PLnYC98
 
@DailyCaller: I am not going to go into the details of a private conversation,” @PressSec says when asked about a leaked call in which Biden pressured the former Afghan president to suggest the fight against the Taliban was going well “whether it is true or not” (WH hope MSM allies spike the story.)
https://t.co/bsJXtIPiSF
 
The US corporate media is trying to ignore Reuters’ bombshell story, based on transcripts and recordings, of Biden’s incriminating phone call with Afghan President Ghani.  Disgusting and infuriating given the meltdown over DJT’s phone call with Ukrainian President Zelensky.
 
@YossiGestetner: Amazing how this quote is not a national meltdown scandal of epic proportions. Really cool to be a Dem POTUS.  With Trump, this would be freezing your Twitter and melting your TVs simply by the amount of noise from @SenateGOP and @HouseGOP.  Now, those clowns are quiet.
 
In secret texts, U.S. military officials lamented leaving Americans behind in Kabul
We are f-ing abandoning American citizens,” Army colonel wrote… that detail how a group of Americans were rejected at airport as rescue flight awaited… The text messages and emails were provided to Just the News by Michael Yon, a former Special Forces soldier and war correspondent who was among the private citizens working with private networks and the military to rescue stranded Americans… Yon told Just the News that a group of Americans were abandoned at the Kabul airport, pleading for help as military officials told them they were finished with evacuations. “We had them out there waving their passport screaming, ‘I’m American,'” Yon said Tuesday while appearing on the John Solomon Reports podcast…
    “You guys left American citizens at the gate of the Kabul airport,” Yon wrote Tuesday to the commander. “Three empty jets paid for by volunteers were waiting for them. You and I talked on the phone. I told you where they were. Gave you their passport images. And my email and phone number. And you left them behind.”… (Solomon claims the State Dept told the military to halt the evacuations.)
https://justthenews.com/government/security/were-americans-people-screaming-outside-gates-kabul-airport-turned-away
 
At least 32 US students remain stranded in Afghanistan as their school districts urge officials to help bring them home https://t.co/04CVm3HPaC
 
@RNCResearch: Under Secretary of State Victoria Nuland can’t articulate a plan to help people Biden abandoned in Afghanistan    https://twitter.com/RNCResearch/status/1433150876026298369
 
Majority of Interpreters, Other U.S. Visa Applicants Were Left Behind in Afghanistan
U.S. still doesn’t have reliable data on who was evacuated from Afghanistan, a senior State Department official says (The US evacuated Afghanis selected by the Taliban.  What could go wrong?)
https://www.wsj.com/articles/majority-of-interpreters-other-u-s-visa-applicants-were-left-behind-in-afghanistan-official-says-11630513321
 
BBG: A total of 124,334 people were evacuated from Afghanistan following the Taliban takeover, General Mark A. Milley says https://t.co/f0Phfru2kf
 
@MSoghom: Photos and reports from Iranian and Afghan social media show the Taliban have handed over US tanks and Humvees to Iran. Below is a photo of Humvees being transported toward Tehran.
https://twitter.com/MSoghom/status/1433099107204321286
 
Biden Administration Erased Afghan Weapons Reports from Federal Websites
https://t.co/WNVAxdHERR
 
‘Everybody screwed up’: Blame game begins over turbulent U.S. exit from Afghanistan
Frustrated and angry, officials at the Pentagon have privately blamed the lack of urgency leading up to the airlift on the State and Homeland Security departmentswho in turn have blamed the White House for slow decision-making…One Biden administration official, speaking on condition of anonymity, said any dismissal would be seen as a tacit admission that the president had erred in removing troops unconditionally from the South Asian nation…  https://www.reuters.com/article/us-afghanistan-conflict-usa-accountabili/everybody-screwed-up-blame-game-begins-over-turbulent-u-s-exit-from-afghanistan-idUSKBN2FX3XK
 
Babylon Bee: Republican Politicians Vow to Get Real Mad and Stuff Following Afghanistan Crisis https://t.co/p5sO4rDEy8
 
Fox’s @ChadPergram: McConnell in KY when asked if Biden should be impeached over Afghanistan: The president’s not going to be removed from office. It’s a Democratic House and a narrowly Democratic Senate. That’s not going to happen.
 
Trump rips Biden, military leaders, whom he calls ‘television generals,’ over Afghanistan
Trump in the wide-ranging interview was also critical of Senate Minority Leader Mitch McConnell.
     “Mitch McConnell is a disaster,” Trump told RAV interviewer John Fredericks. “You mentioned the infrastructure, all he wants to do is survive and be good to China, because he has a lot of business in China with his family. Mitch McConnell should not be the leader. He’s done a terrible job.”…
https://justthenews.com/government/trump-rips-biden-military-leader-who-he-calls-television-generals-over-afghanistan
 
@thebradfordfile: Swamp creature Mitch McConnell wants you to know swamp creature Joe Biden isn’t going anywhere.  Because they play for the same team.
 
Biden administration has lost track of a third of released migrant kids: report
Data show that thousands of children are unaccounted for
https://www.foxnews.com/politics/government-has-lost-track-of-a-third-of-released-migrant-kids
 
@Perpetualmaniac: John Kerry, in 2014, saying that the artic will be ice free in 5 years. https://t.co/edWxWHRuF3
 
Tetlock and the Taliban – How a humiliating military loss proves that so much of our so-called “expertise” is fake, and the case against specialization and intellectual diversity
    The American-led coalition had countless experts with backgrounds pertaining to every part of the mission on their side…Meanwhile, the Taliban did not have a Western PhD among them…
    Phil Tetlock’s work on experts… How Good Is It? How Can We Know?, found that the forecasting abilities of subject-matter experts were no better than educated laymen when it came to predicting geopolitical events and economic outcomes… “Expertise” as we understand it is largely fake…there is no reason to start with a strong prior that people with medical degrees know more than any intelligent person who honestly looks at the available data… collapsing across all judgments, experts on their home turf made neither better calibrated nor more discriminating forecasts than did dilettante trespassers
    Tolstoy famously wrote “Happy families are all alike; every unhappy family is unhappy in its own way.” Intellectual life is a lot like that; insightful people tend to share similar priors and cognitive traits, where those who are wrong are very diverse in their thinking…
    The failure in Afghanistan was mind-boggling. Perhaps never in the history of warfare had there been such a resource disparity between two sides… The American loss should be seen as a complete discrediting of the academic understanding of “expertise,” with its reliance on narrowly focused peer reviewed publications and subject matter knowledge as the way to understand the world…
https://richardhanania.substack.com/p/tetlock-and-the-taliban
 
THE DELTA SCAM – India, with a 10% vaccination rate has seen a complete collapse in cases… the UK and Israel, with some of the highest vaccination rates in the world, 64% and 60% respectively, have seen huge surges in Delta cases. It’s almost as if the vaccines have created the Delta surge …
   The U.S. “surge” began shortly after July 4th, with the MSM building the Delta fear narrative day after day… The number of reported cases in the U.S. went up by 750% since July 4. Coincidentally, the number of tests grew by over 500% since July 4… If you want more cases, just do more mass testing of people showing no signs of illness. This is why the death rate is 65% lower than when cases were at the same level in February
    A critically thinking individual might look at the data and conclude these vaccines are enhancing the virus and creating the variants. They might also conclude the Delta variant is far less lethal than the original virus. They might also conclude the unholy alliance between the government, mass media, social media, and Big Pharma have ramped up the fear in order to force vaccinations into the veins of vaxx resisters, instilling vaccine passports, and attempting to install a digital surveillance system to track those who resist and destroy their lives…
    A critical thinking person might wonder why such coercive measures are being used to inject an experimental gene therapy into our bodies for a relatively non-lethal virus with a 99.7% survival rate…
https://www.theburningplatform.com/2021/08/29/the-delta-scam/ 

end

 

 
Well that is all for today
 
I will see you FRIDAY night

6 comments

  1. Harvey, can you please explain what queue jumping means? I guess it’s cash for delivery without buying contract?
    And how do you see those transactions occur?
    If the metal was registered, then the name would be changed on the warrant and there may be a tally of those records somewhere (although I’ve never heard of it).

    Like

  2. stocktawk · · Reply

    this is legit the best blog i’ve ever came across thanks and tons of respect to the authors

    Like

  3. […] by Harvey Organ of Harvey Organ Blog […]

    Like

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