DEC 13//GOLD CLOSED UP $3.20 TO $1787.80//SILVER CLOSED UP 11 CENTS TO $22.30//COMEX GOLD STANDING RISES TO 103.825 TONNES//SILVER STANDING ADVANCES TO 45.350 MILLION OZ//COVID COMMENTARIES//VACCINE UPDATES/VACCINE IMPACT UPDATES// A MUST VIEW : A FILM ON HOW IVERMECTIN WAS DISCOVERED IN 1996// DR HARVEY RISCH A MUST VIEW//ALSO THE INTERVIEW OF TUCKER CARLSON WITH AN AUSTRALIAN SENATOR HOUSED IN AN INTERNMENT CAMP DESPITE BEING TESTED NEGATIVE//CHINA OUTBREAK OF COVID INTENSIFIES//EUROPEAN ENERGY PRICES RISE AGAIN///TURKEY’S LIRA BREAKS THE 14 DOLLAR BARRIER AS ITS USA DOLLAR RESERVES BREAK INTO THE NEGATIVE 49 BILLION COLUMN//COMMENTARIES ON USA INFLATION//.

 

GOLD:$1787.80 UP $3.20   The quote is London spot price

Silver:$22.30 UP 11  CENTS  London spot price ( cash market)

 
 
4:30 closing price
 
Gold $1786.80
 
silver:  $22.33
 
 
 
 

 

 
 

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

 

 

PLATINUM  $944.90 DOWN  $13.20

PALLADIUM: $1688.6 DOWN $72.95/OZ 

LOOKS LIKE SEVERE PROBLEMS IN SOUTH AFRICA MINING THE STUFF!

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 9/534

EXCHANGE: COMEX
CONTRACT: DECEMBER 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,782.900000000 USD
INTENT DATE: 12/10/2021 DELIVERY DATE: 12/14/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 C MACQUARIE FUT 1
624 H BOFA SECURITIES 500
657 C MORGAN STANLEY 3
661 C JP MORGAN 9
661 H JP MORGAN 1
737 C ADVANTAGE 32 1
800 C MAREX SPEC 18
880 H CITIGROUP 484
905 C ADM 17
991 H CME 2
____________________________________________________________________________________________

TOTAL: 534 534
MONTH TO DATE: 33,196

Goldman Sachs stopped:  0

 

NUMBER OF NOTICES FILED TODAY FOR  DEC. CONTRACT: 534 NOTICE(S) FOR 53,400 OZ  (1.660 tonnes)  

 

TOTAL NUMBER OF NOTICES FILED SO FAR THIS MONTH:  33,196 FOR 3,319,600 OZ  (103.250 TONNES) 

 

SILVER//DEC CONTRACT

0 NOTICE(S) FILED TODAY FOR  NIL   OZ/

total number of notices filed so far this month 8450  :  for 42,250,000  oz

 

BITCOIN MORNING QUOTE   $48,335 UP 1017 

 

BITCOIN AFTERNOON QUOTE.:46,612 DOWN $706

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

GLD AND SLV INVENTORIES:

Gold

WITH GOLD UP $3.20 AND NO PHYSICAL TO BE FOUND ANYWHERE: 

NO CHANGES IN GOLD INVENTORY AT THE GLD:

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

ALSO INVESTORS SWITCHING TO SPROTT PHYSICAL  (phys) INSTEAD OF THE FRAUDULENT GLD//

THIS IS A MASSIVE FRAUD!!

GLD  982,64 TONNES OF GOLD//

Silver

AND WITH NO SILVER AROUND  TODAY: WITH SILVER UP 11 CENTS

A HUGE CHANGE  IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.561 MILLION OZ FROM 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: 

 

543.092  MILLION OZ./SLV

xxxxx

GLD closing price//NYSE 167.00  UP 0.42 OR 0.25%

XXXXXXXXXXXXX

SLV closing price NYSE 20.61 UP. 0.11 OR  0.54%

XXXXXXXXXXXXXXXXXXXXXXXXX

 
 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 
 
 

Let us have a look at the data for today

SILVER COMEX OI ROSE BY A STRONG 610 CONTRACTS TO 139,388, AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020..WITH THE STRONG $0.19 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY,  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.19) AND WAS QUITE UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A STRONG GAIN OF 813 CONTRACTS ON OUR TWO EXCHANGES
 
WE  MUST HAVE 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 STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 47.535 MILLION OZ FOLLOWED BY TODAY’S 5,000 OZ E.F.P. JUMP TO LONDON/    / v), //STRONG SIZED 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  —  23
 
 
 
 
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS
 
 
DEC 13
 
ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF NOV:
 
11,730 CONTACTS  for 9 days, total 11,730 contracts or 58.650million oz…average per day:  1303 contracts or 6.517 million oz per day.

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

DEC:  58.650 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON  

 

LAST 6 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 

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

NOV: 131.925 MILLION OZ

 

 
RESULT:,WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 610 WITH OUR 19 CENT GAIN SILVER PRICING AT THE COMEX// FRIDAY
 
 
THE CME NOTIFIED US THAT WE HAD A  SMALL SIZED EFP ISSUANCE OF  180 CONTRACTS( 180 CONTRACTS ISSUED FOR MAR AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS
 
 
 
 
THE DOMINANT FEATURE TODAY:/ AS WELL AS TODAY /HUGE BANKER SHORTCOVERING AS THEY GET OUT OF DODGE//// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF 47.535 MILLION OZ FOLLOWED BY TODAY’S STRONG 5,000 QUEUE JUMP .. WE HAD STRONG SIZED GAIN OF 813 OI CONTRACTS ON THE TWO EXCHANGES
 
 
 
 
 

WE HAD 0 NOTICES FILED TODAY FOR NIL OZ

 

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A SMALL SIZED 1870  CONTRACTS TO 501,269 ,AND CLOSER TO  OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110. 

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: -1870  CONTRACTS.

THE GOOD SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $7.30//COMEX GOLD TRADING//FRIDAY.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LIQUIDATION  AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALED A FAIR SIZED 2744 CONTRACTS... WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR DEC AT 98.000 TONNES, FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 52,000 OZ//, NEW STANDING 103.825 TONNES 
 
 
 
 
 

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $7.30 WITH RESPECT TO FRIDAY’S TRADING

 

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

WE HAD  A FAIR SIZED GAIN OF 2744  OI CONTRACTS (8.534 PAPER TONNES) ON OUR TWO EXCHANGES

 

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 1043 CONTRACTS:

FOR FEB 1043  ALL OTHER MONTHS ZERO//TOTAL: 1043 The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 501,269. 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 FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES  OF 2744 CONTRACTS: 1701 CONTRACTS INCREASED AT THE COMEX AND 1043 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 2744 CONTRACTS OR 8.534 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1043) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (1701 OI): TOTAL GAIN IN THE TWO EXCHANGES:  2744 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 98.000 TONNES/FOLLOWED BY TODAY’S QUEUE JUMP OF 52,000  OZ TO LONDON////NEW STANDING OF 103.825 TONNES//.  3)ZERO LONG LIQUIDATION,4) SMALL  SIZED COMEX OI GAIN 5) 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 NOV.

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 OCT HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF NOV, 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 (DEC), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

 
 
 
 

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2021 INCLUDING TODAY

DEC

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 27,193, CONTRACTS OR 2,719,300 oz OR 84.58 TONNES (9 TRADING DAY(S) AND THUS AVERAGING: 3021 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 9 TRADING DAY(S) IN  TONNES: 84.58 TONNES

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

THUS EFP TRANSFERS REPRESENTS  84.58/3550 x 100% TONNES  2.63% 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          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.             84.58 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 SIZED 610 CONTRACTS TO 139,388 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  4 1/2 YEARS AGO.  

EFP ISSUANCE 180 CONTRACTS

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

MAR 180  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  180 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 610 CONTRACTS AND ADD TO THE 180 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A STRONG SIZED GAIN OF 790 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

 

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 3.950 MILLION  OZ, OCCURRED WITH OUR   $0.19 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) MONDAY MORNING/SUNDAY  NIGHT: 

SHANGHAI CLOSED UP 14.73 PTS OR  0.40%     //Hang Sang CLOSED DOWN 41.19 PTS OR 0.19% /The Nikkei closed UP 202.72 PTS OR 0.71%     //Australia’s all ordinaires CLOSED UP 0.39%

/Chinese yuan (ONSHORE) closed UP  6.3643   /Oil DOWN TO 71.69 dollars per barrel for WTI and UP TO 75.10 for Brent. Stocks in Europe OPENED  ALL RED   /ONSHORE YUAN CLOSED  UP AT 6.3643 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3666/ONSHORE YUAN TRADING ABOVE 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 ROSE BY A SMALL SIZED 1701 CONTRACTS TO 501,269 AND CLOSER TO 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 INCREASE OCCURRED WITH OUR GAIN OF $7.30 IN GOLD PRICING FRIDAY’S COMEX TRADING.WE ALSO HAD A SMALL EFP ISSUANCE (1043 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 DEC..  THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 1043 EFP CONTRACTS WERE ISSUED:  ;: ,  DEC  :  & FEB. 1043 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:   1043 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 GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED 2744  TOTAL CONTRACTS IN THAT 1043 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A FAIR GAIN  COMEX OI OF  CONTRACTS..

// WE HADE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR DEC   (103.825),

 HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 9 MONTHS OF 2021:

NOV.  8.074 TONNES

OCT.    57.707 TONNES

SEPT: 11.9160 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- NOV): 488.996 TONNNES

 

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $7.30)

AND THEY WERE  UNSUCCESSFUL IN FLEECING ANY  LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 8.534 TONNES,ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR DEC (103.825 TONNES)

 I  STRONGLY BELIEVE THAT OUR BANKER FRIENDS ARE GETTING QUITE NERVOUS.   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”AS BASE III BEGINS JAN 1/2022 FOR EUROPEAN BANKS

WE HAD – 1870  CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES :: 2744 CONTRACTS OR  274400 OZ OR 8.534 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: 501,269 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 50.12 MILLION OZ/32,150 OZ PER TONNE =  15.58 TONNES

THE COMEX OPEN INTEREST REPRESENTS 15.58/2200 OR 70.81% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

 

Trading Volumes on the COMEX GOLD TODAY112,861 contracts//    ///volume awful////

 

CONFIRMED COMEX VOL. FOR YESTERDAY: 156,259 contracts// quite poor

 

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

 

DEC 13

 

/2021

 
INITIAL STANDINGS FOR DEC COMEX GOLD
 
 
 
 
 
 
 
 
 
 
 
 
 
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
 
25,752.951 oz
Manfra
 
801 kilobars
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposit to the Dealer Inventory in oz
nil
OZ
 
 
 
 
 
 
 
 
 
 
 

 

Deposits to the Customer Inventory, in oz
 
 
 
 
 
 
nil
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
534  notice(s)
53,400 OZ
1.660 TONNES
No of oz to be served (notices)
184 contracts
 
 18,400 oz
 
0.5723 TONNES
 
 
Total monthly oz gold served (contracts) so far this month
33,196 notices
 
3,319,600 OZ
103.25 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  0 deposit into the customer account
 
 
TOTAL CUSTOMER DEPOSITS nil oz
 
 
 
We have 1  customer withdrawal
 
i) out of Manfra: 25,752.951 oz (801 kilobars)
 
 
 
TOTAL CUSTOMER WITHDRAWALS 25,752.951 oz
 
 
 
 
 
 

We had 1  kilobar transactions 1 out of  2 transactions)

ADJUSTMENTS  1  dealer to customer

 

i) Out of Manfra:  9.266,174

 

 

 
 
 
For the front month of DECEMBER we have an oi 718 stand for December. for a GAIN of 208
contracts.  We had 312 notices filed on FRIDAY so we GAINED 520  contracts or an additional 52,000 oz will stand for delivery in this very active delivery month of December.
 
 
 
 
JANUARY LOST 12 CONTRACTS TO STAND AT 2347
FEBRUARY LOST 1789 CONTRACTS  DOWN  TO 391,760

We had 534 notice(s) filed today for 534,000  oz

FOR THE DEC 2021 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 247 notices were issued from their client or customer account. The total of all issuance by all participants equates to  312  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and  261 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0  notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the DEC /2021. contract month, we take the total number of notices filed so far for the month (33,196) x 100 oz , to which we add the difference between the open interest for the front month of  (DEC: 718 CONTRACTS ) minus the number of notices served upon today  534 x 100 oz per contract equals 3,338,000, OZ OR 103.825 TONNES) the number of ounces standing in this active month of DEC.  

 

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

No of notices filed so far (33,196) x 100 oz+   (718)  OI for the front month minus the number of notices served upon today (534} x 100 oz} which equals 3,319,600 ostanding OR 103.825 TONNES in this  active delivery month of DEC. This is a huge delivery for December.

We GAINED 520 contracts or an additional 52,000 oz WILL STAND FOR GOLD OVER HERE 

 

TOTAL COMEX GOLD STANDING:  101.206 TONNES 

 

 
 

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

NEW PLEDGED GOLD:

206,468.649, oz NOW PLEDGED /HSBC  6.42 TONNES

174,041.813 PLEDGED  MANFRA 5.41 TONNES

500.648 oz PLEDGED JPMorgan no 1  0.0155

288,481,604, oz  JPM No 2  8.97 TONNES

698,821.330 oz pledged June 12/2020 Brinks/27,96 TONNES

12,244.444 oz International Delaware:  0..3808 tonnes



total pledged gold:  1,599,178.906oz                                     49.74 tonnes

seems that all participants are reducing their gold pledges ahead of Basel iii

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 498.34 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS 103.825 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

 

total registered or dealer  17,620,812.658 oz or 548.08 tonnes
 
 
 
total weight of pledged:1,599,178.906oz                                     49.74 tonnes
 
 
 
 
 
registered gold that can be used to settle upon: 16,021,634.0 (498.34 tonnes) 
 
 
 
 
true registered gold  (total registered – pledged tonnes 16,021,634..0 (498.34 tonnes)   
 
 
total eligible gold: 16,535,324.826 oz   (514.31 tonnes)
 
 
 
total registered, pledged  and eligible (customer) gold  34,156.137.486 oz or 1,062.30
tonnes
 (INCLUDES 4 GC GOLD)
 
 

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  935.96 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

DEC 13/2021

And now for the wild silver comex results

INITIAL STANDING FOR SILVER//DEC

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
861,723.212  oz
 
Brinks
CNT
Manfra
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
nil
OZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
23
 
CONTRACT(S)
115,000  OZ)
 
No of oz to be served (notices)
617 contracts
 (3,085,000 oz)
Total monthly oz silver served (contracts) 8450 contracts

 

42,250,000 oz)

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

total dealer deposits:  nil        oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 0 deposits into customer account (ELIGIBLE ACCOUNT)

 

JPMorgan now has 181.757 million oz  silver inventory or 51.09% of all official comex silver. (181.757 million/354.420 million

total customer deposits today nil oz

we had 3 withdrawals

i) Out of Brinks  3856.950 oz
ii) Out of CNT  777,478.362 oz
iii) Out of Manfra: 78,274.300

total withdrawal 861,723.212       oz

 

adjustments:  0 
 
 
 
 

Total dealer(registered) silver: 93.737 million oz

total registered and eligible silver:  353.758 million oz

a net  0861 million oz leaves the comex silver vaults.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

For the front month of DECEMBER we have an amount of silver standing AT 618 CONTRACTS for a LOSS of 22 contracts. We had 23 notices filed on FRIDAY, so we GAINED 1  contract  or an additional 5,000 oz will stand for delivery in this very active delivery month of December
 
 
 
 

JANUARY LOST 10 CONTRACTS TO STAND AT 1833

FEBRUARY LOST 1  CONTRACTS TO STAND AT 43 

 
NO. OF NOTICES FILED: 0  FOR NIL   OZ.

To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at  8450 x 5,000 oz =42,250,000 oz to which we add the difference between the open interest for the front month of DEC (618) and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the DEC./2021 contract month: 8450 (notices served so far) x 5000 oz + OI for front month of DEC (618)  – number of notices served upon today (20) x 5000 oz of silver standing for the DEC contract month .equals 45,340,000 oz. .

We GAINED 1 contract or AN ADDITIONAL 5,000 oz will stand for delivery on this side of the pond.

THIS IS STILL A  TERRIFIC INITIAL STANDING FOR DELIVERY FOR SILVER IN DECEMBER.

 

 

TODAY’S ESTIMATED SILVER VOLUME  33.481 CONTRACTS // volume awfi;  

 

FOR YESTERDAY 46,886 contracts  ,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 -3.06% (DEC 13/2021)

SILVER FUND POSITIVE TO NAV

No of oz of physical silver held:  Oct 1/2021   151,927,020 ( a gain of 1.001 MILLION OZ IN TWO MONTHS

no of oz of physical silver held  JULY 8.2021;  150,926,000  (GAIN OF 6.411 MILLION OZ IN 2 MONTHS)

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 12 months Sprott has added: 66.02 MILLION OZ OCT 4-SEPT 20)

 

2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.65% nav   (DEC 13)

/2021 )

 

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

NAV $17.91 TRADING 17.20//NEGATIVE  3.95

 

END

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

DEC 13/WITH GOLD UP $3.20 TODAY/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 982.64 TONNES

DEC 10.WITH GOLD UP $7.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64 TONNES

DEC 9/WITH GOLD DOWN $9.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64.

DEC 8/WITH GOLD UP $5.50 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 984.38 TONNES

DEC 7/WITH GOLD UP $5.15 TODAY; A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 984.38 TONNES

DEC 6/WITH GOLD DOWN $3.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 986.17 TONNES//

DEC 3/WITH GOLD UP $20.35 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.85 TONNES FROM THE GLD///INVENTORY RESTS AT 986.17 TONNES

DEC 2/WITH GOLD DOWN $19.80 TODAY; A HUGE  CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.83 TONNES FROM THE GLD///INVENTORY RESTS AT 990.82 TONNES

DEC 1/WITH GOLD UP $7.05 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 992.85 TONNES

NOV 30/WITH GOLD DOWN $8.70 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESS AT 992.85 TONNES.

NOV 29/WITH GOLD DOWN $3.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 992.85 TONNES/

NOV 26/WITH GOLD UP $2.70 TODAY/A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.76 TONES INTO THE GLD////INVENTORY RESTS AT 992.85 TONNES

NOV 24/WITH GOLD UP $.40 TODAY//NO CHANGES IN GOLD INVENTORY AT THE GLD..INVENTORY RESTS AT 991.11 TONNES

NOV 23/WITH GOLD DOWN $21.85 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 6.11 TONNES INTO THE GLD////INVENTORY RESTS AT 991.11 TONNES.

NOV 22/WITH GOLD DOWN 54.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 985.00 TONNES

NOV 19/WITH GOLD DOWN $9.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 8.13 TONNES INTO THE GLD//INVENTORY RESTS AT 985.00 TONNES.

NOV 18/WITH GOLD DOWN $8.40 TODAY:A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .88 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 976.87 TONNES

NOV 17/WITH GOLD UP $14.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.99 TONNES

NOV 16/WITH GOLD DOWN $10.30 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.99 TONNES

NOV 15/WITH GOLD DOWN $1.55 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORTY AT 975.99 TONNES//

NOV 12/WITH GOLD UP $4.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY AT 975.99 TONNES

NOV 11/WITH GOLD UP  $14.45 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .58 TONES OF GOLD INTO THE GLD////INVENTORY RESTS AT 975.99 TONNES

NOV 10/WITH GOLD UP $18.00 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

NOV 9/WITH GOLD UP $1.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

NOV 8/WITH GOLD UP $11.75 TODAY;NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

 

XXXXXXXXXXXXXXXXXXXXXXXXX

Inventory rests tonight at:

 

DEC 13 / GLD INVENTORY 982.64 tonne

 

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

DEC 13/WITH SILVER UP 11 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 3.561 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 543.092 MILLION OZ//

DEC 10.WITH SILVER UP 19 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 546.653 MILLION OZ..

DEC 9/WITH SILVER DOWN 43 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV// A DEPOSIT OF 2.96 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 546.653 MILLION OZ/

DEC 8/WITH SILVER DOWN 7 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.693 MILLION OZ///

DEC 7/WITH SILVER UP 24 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.693 MILLION OZ..

DEC 6/WITH SILVER DOWN 25 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.110 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 543.693 MILLION OZ//

DEC 3/WITH SILVER UP 21  CENTS TODAY; A BIG CHANGE IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 3.199 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 544.803 MILLION OZ//

DEC 2/WITH SILVER DOWN 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.002 MILLION OZ.

DECM 1/WITH SILVER DOWN 44 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 740,000 OZ FROM THE SLV////INVENTORY RESTS AT 548.002 MILLION OZ//

NOV 30/WITH SILVER DOWN 3 CENTS TODAY; A SMALL CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF .555 MILLION OZ FORM THE SLV//INVENTORY RESTS AT 548.742 MILLION OZ///

NOV 29/WITH SILVER DOWN 25 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 549.297 MILLION OZ//

NOV 26/WITH SILVER DOWN 36 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.038 MILLION OZ INTO THE SLV.//INVENTORY RESTS AT 549.297 MILLION OZ///

NOV 24/WITH SILVER UP 5 CENTS //NO CHANGE IN SILVER INVENTORY AT THE SLV..INVENTORY RESTS AT 547.261 MILLION OZ

NOV 23.WITH SILVER DOWN 81 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 2.128 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 547.261 MILLION OZ//

NOV 22/ WITH SILVER DOWN 47 CENTS TODAY; A BIG  CHANGES IN SILVER INVENTORY AT THE SLV: A SURPRISE DEPOSIT OF 1.156 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 549.389 MILLION OZ/

NOV 19/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.233 MILLION OZ..

NOV 18/WITH SILVER DOWN 27 CENTS TODAY/ NO CHANGES IN SILVER STANDING AT THE SLV.//INVENTORY REST AT 548.233 MILLION OZ//

NOV 17/WITH SILVER UP 24 CENTS TODAY: NO  CHANGES IN SILVER STANDING AT THE SLV//INVENTORY RESTS AT 548.233 MILLION OZ//

NOV 16/WITH SILVER DOWN 17 CENTS TODAY: NO CHANGES IN SILVER STANDING AT THE SLV//INVENTORY RESTS AT 548.233 MILLION OZ//

NOV 15/WITH SILVER DOWN 25 CENTS TODAY: NO CHANGES IN SILVER AT THE SLV/ INVENTORY RESTS AT 548.233 MILLION OZ

NOV 12/WITH SILVER UP 8 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 3.933 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 548.233 MILLION OZ//

NOV 11/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ//

NOV 10 WITH SILVER UP 45 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 544.300 MILLION OZ//

NOV 9/WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ.

NOV 8/WITH SILVER UP 38 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ//

 
 

DEC 13/2021  SLV INVENTORY RESTS TONIGHT AT 543.092 MILLION OZ

 

 

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

LAWRIE WILLIAMS: FOMC meeting: potentially tough for gold and silver

The latest U.S. Consumer Price Index (CPI) figures have been released and are not good news for Americans in general. The headline figure is for annual inflation at 6.8% – the highest level for almost 40 years. With the next U.S. Federal Reserve’s Open Market Committee (FOMC) meeting coming up mid this week, these figures are likely to weigh heavily on the deliberations therein.

The big question now is which way the Fed will jump and how aggressive it will be in its recommendations. Its principal brief is both to control inflation and seek to restore ‘maximum’ employment – which may well be seen as diametrically opposed in terms of interest rate policy going forward. An advance in the interest rate rise schedules next year could severely dent any post-Covid economic recovery, and lead to an equity market crash. The Fed is under substantial pressure, though, to raise rates faster than it has previously been suggesting lest inflation gets further out of hand.

With newly re-nominated Fed chair, Jerome Powell, stating that the word ‘transitory’ as applied to U.S. inflation is no longer relevant, there are already indications that the Fed’s so far conservative interest rate raising programme could well be speeded up. While high inflation tends to boost the gold price and, by association, that of silver too, higher interest rates have the opposite effect. They lead to a stronger dollar which, in turn, depresses precious metals prices in dollar terms. With the European Central Bank, and Bank of England, among others so far maintaining their ultra-low interest rate levels, the mere speculation that the Fed will start to raise rates sooner, and more aggressively, is already seeing additional strength in the dollar index.

The latest consensus opinion in the U.S. is that there could be at least three 25 basis point Federal Fund rate increase in 2022 and that the Fed may also speed up running down its bond buying programme (tapering) so as to complete it earlier in the first half of that year. This would be a faster rate than had previously been indicated. If this is indeed what may appear to be coming out of the FOMC meeting discussions then this would probably be negative for gold and silver. Just how negative remains to be seen given that some of this will already have been discounted in the two metals’ current prices. On recent performance such a decision could well knock $50 or more off the gold price and another dollar or so off silver as knee-jerk reactions.

Underlying all this though is the Covid pandemic. U.S. infection figures and mortalities are already running far too high, and the new potentially more contagious Omicron virus mutation has yet to make any serious impact – but it inevitably will. This could cause the Fed to be a little more circumspect in its projected forward programme, which could be positive for gold and keep it at $1,780 and above. The effect on silver might not be so positive though with the Gold:Silver Ratio (GSR) up to 80 again and trending higher. (The higher the GSR the worse it is for the silver price vis-a-vis gold.)

So, much will depend on this week’s FOMC meeting with respect to precious metals price progress, or otherwise. There is a chance, given the unpredictability of the spread of the new virus variant and the existing high U.S. infection rate anyway, that the Fed may kick the can down the road on its interest rate raising programme until the following FOMC meeting, which is currently due to be held on January 25th and 26th . However this is unlikely, although any decision taken this week could yet be altered again in January dependent on economic and virus spread developments in the meantime.

If you are a gold or silver investor, prepare for the worst, but hope for the best. We remain positive on the gold price longer term. General equities and bitcoin are looking nervous which may lead to more people investing in gold, in particular, as a wealth protector. But it is worth noting that despite gold and silver’s price pick-up late on Friday, with both closing higher on the day, gold and silver equities both trended downwards and these are often leading indicators for the respective bullion prices.

11 Dec 2021

end

 

ii) Important gold commentaries courtesy of GATA/Chris Powell

Two  very important videos:

  1. Eric Sprott comments on the difficult year for monetary metals as well he  is very suspicious of what the authorities are doing with respect to the COVID 19 vaccines
  2. Andrew Maguire talks about Basel 3 kicking in for gold on jan 1.

very important…

(Sprott and Maguire/GATA)

Eric Sprott reflects on a difficult year for monetary metals; Maguire sees ‘Basel 3’ kicking in

 

 

 Section: Daily Dispatches

 

9:30p ET Friday, December 10, 2021

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott this week spent 45 minutes with Craig Hemke for Sprott Money News, discussing the counterintuitive performance of the gold and silver markets this year amid the determination of the banking industry to keep monetary metals prices down.

But even so, Sprott added, some gold and silver mining companies have offered good opportunities, and he said he is confident that price suppression will be overcome. He praised GATA’s persistence in adversity and discussed a few companies in which he is invested.

The interview can be heard at YouTube here:

https://www.youtube.com/watch?v=9GDhEy-767c

Interviewed this week for Kinesis Money, London metals trader Andrew Maguire said that bank trading in gold and silver seems to be anticipating implementation of the “Basel III” regulations in London at the beginning of the year, when shorting of the market with derivatives should be restricted.

Maguire’s interview is 40 minutes long and can be heard at YouTube here:

https://www.youtube.com/watch?v=Y0l7dNC5lq8

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

end

BIS gold swaps increased slightly in November. 

(Robert Lambourne)

Robert Lambourne: BIS gold swaps increased slightly in November

 

 

 Section: Daily Dispatches

 

By Robert Lambourne
Sunday, December 12, 2021

The recently released November statement of account of the Bank for International Settlements —

https://www.bis.org/banking/balsheet/statofacc211130.pdf

— contains information suggesting an increase of about 37 tonnes in the bank’s gold swaps, from 414 tonnes in October to 451 tonnes in November. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

Once again it is shown that the BIS remains an active trader of significant volumes of gold swaps on a regular basis. The recent data suggests that there is no clear downward trend in the volume of swaps and hence it seems premature to claim that an exit from the swaps due to “Basel III” regulations is happening.

The BIS rarely comments publicly on its gold banking activities, but its first use of gold swaps was considered important enough to cause the bank to give some background information to the Financial Times for an article published July 29, 2010, coinciding with publication of the bank’s 2009/10 annual report.

The general manager of the BIS at the time, Jaime Caruana, said the gold swaps were “regular commercial activities” for the bank, and he confirmed that they were all carried out with commercial banks and so did not involve other central banks. Hence it is likely that the recent general level of gold swaps is the highest use of them by the BIS for at least 20 years. It also seems highly likely that the swaps are still all made with commercial banks, because the BIS annual report has never disclosed a gold swap between the BIS and a major central bank.

The swap transactions potentially create a mismatch at the BIS, which conceivably ends up being long unallocated gold (the gold held in BIS sight accounts at major central banks) and short allocated gold (the gold required to be returned to swap counterparties). This possible mismatch has not been reported by the BIS.

The gold banking activities of the BIS have been a regular part of the services it offers to central banks since the bank was established 90 years ago. The first annual report of the BIS explained these activities in some detail:

http://www.bis.org/publ/arpdf/archive/ar1931_en.pdf

The use of gold swaps to take gold held by commercial banks and then deposit it in gold sight accounts held in the name of the BIS at major central banks doesn’t appear to have ever been as large a part of the BIS’ gold banking business as it has been in recent years.

For example, excluding the estimated 102 tonnes of gold held by the BIS for its own account, the volume of gold deposits in gold sight accounts held at major central banks for the BIS was 839 tonnes as of September 30, of which 414 tonnes or 49% was supplied by gold swaps from commercial banks

At March 31, 2010, excluding gold owned by the BIS, 1,706 tonnes of gold were held in gold sight accounts at major central banks in the name of the BIS, of which 346 tonnes or 20% were sourced from gold swaps from commercial banks. 

As can readily be seen, the BIS now operates a much smaller gold banking business and the role of gold swaps in this smaller business is far greater. 

If the BIS was adopting the level of disclosures made by publicly held companies, such as commercial banks, then some explanation of these changes probably would have been required by the accounting regulators. One imagines that this irony is not lost on those dealing with regulatory activities at the BIS. Presumably the shrinkage of the gold banking business shows that even central banks now prefer to hold their own gold or hold it in earmarked form — that is, as allocated gold.

A review of Table B below highlights recent BIS activity with gold swaps, and despite the recent declines, the latest position estimated from the BIS monthly statements remains large.

No explanation for this continuing high level of swaps has been published by the BIS. Indeed, no comment on the bank’s use of gold swaps has been offered since 2010. 

This gold is supplied by bullion banks via the swaps to the BIS. The gold is then deposited in BIS gold sight accounts (unallocated gold accounts) at major central banks such as the Federal Reserve. 

The BIS’ use of gold swaps and derivatives has been extensive over the last 12 months, with the average level reported during that period still being the highest since August 2018 as highlighted in Table B below.

By contrast, in May 2019 the BIS was exposed to only 78 tonnes in swaps.

As can be seen in Table A below, the BIS has used gold swaps extensively since its financial year 2009-10. No use of swaps is reported in the annual reports for at least 10 years prior to the year ended March 2010.

The February 2021 estimate of the bank’s gold swaps (552 tonnes) is higher than any level of swaps reported by the BIS at its March year-end since March 2010. The swaps level reported at March 2021 is the highest year-end level reported, as is clear from Table A.

—–

Table A — Swaps reported in BIS annual reports

March 2010: 346 tonnes.
March 2011: 409 tonnes.
March 2012: 355 tonnes.
March 2013: 404 tonnes.
March 2014: 236 tonnes.
March 2015: 47 tonnes.
March 2016: 0 tonnes.
March 2017: 438 tonnes.
March 2018: 361 tonnes.
March 2019: 175 tonnes
March 2020: 326 tonnes
March 2021: 490 tonnes

—–

The table below reports the estimated swap levels since August 2018. It can be seen that the BIS is actively involved in trading gold swaps and other gold derivatives with changes from month to month reported in excess of 100 tonnes in this period.

—–

Table B – Swaps estimated by GATA from BIS monthly statements of account

Month ….. Swaps
& year … in tonnes

Nov-21…/451
Oct-21…./414
Sep-21 … /438
Aug-21 …./464
Jul-21 …. /502
Jun-21 …./471
May-21 …./517
Apr-21 …. /472
Mar-21…. /490±
Feb-21 …../552
Jan-21 …. /523
Dec-20 …. /545
Nov-20 …. /520
Oct-20 …. /519
Sep-20…../ 520
Aug-20…../ 484
Jul-20 ….. / 474
Jun-20 …. / 391
May-20 …. / 412
Apr-20 …. / 328
Mar-20 …. / 326*
Feb-20 …. / 326
Jan-20 …. / 320
Dec-19 …. / 313
Nov-19 …. / 250
Oct-19 …. / 186
Sep-19 …. / 128
Aug-19 …. / 162
Jul-19 ….. / 95
Jun-19 …. / 126
May-19 …. / 78
Apr-19 ….. / 88
Mar-19 …. / 175
Feb-19 …. / 303
Jan-19 …. / 247
Dec-18 …. / 275
Nov-18 …. / 308
Oct-18 …. / 372
Sep-18 …. / 238
Aug-18 …. / 370

± The estimate originally reported by GATA was 487 tonnes, but the BIS annual report states 490 tonnes, It is believed that slightly different gold prices account for the difference.

* The estimate originally reported by GATA was 332 tonnes, but the BIS annual report states 326 tonnes. It is believed that slightly different gold prices account for the difference.

GATA uses gold prices quoted by USAGold.com to estimate the level of gold swaps held by the BIS at month-ends.

—–

As noted already, the BIS in recent times has refused to explain its activities in the gold market, nor for whom the bank is acting:

http://www.bis.org/publ/arpdf/archive/ar1931_en.pdf

Despite this reticence the BIS is almost certainly acting on behalf of central banks in taking out these swaps, as they are the owners of the BIS and control its Board of Directors.

This refusal to explain prompts some observers to believe that the BIS acts as an agent for central banks intervening surreptitiously in the gold and currency markets, providing those central banks with access to gold as well as camouflage for their interventions.

One possibility is that the swaps provide a mechanism for bullion banks to return gold originally lent to them by central banks to cover possible shortfalls of gold. Some commentators on the gold market have suggested that a portion of the gold held by exchange-traded funds and managed by bullion banks is sourced directly from central banks.

—–

Robert Lambourne is a retired business executive in the United Kingdom who consults with GATA about the involvement of the Bank for International Settlements in the gold market.

end

For your interest…

IMF, 10 countries simulate cyberattack on world financial system

 

 

 Section: Daily Dispatches

 

By Steven Scheer
Reuters
Thursday, December 8, 2021

JERUSALEM — Israel today led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.

The simulated “war game,” as Israel’s Finance Ministry called it and planned over the past year, evolved over 10 days, with sensitive data emerging on the Dark Web. The simulation also used fake news reports that in the scenario caused chaos in global markets and a run on banks

The simulation — likely caused by what officials called “sophisticated” players — featured several types of attacks that impacted global foreign exchange and bond markets, liquidity, integrity of data and transactions between importers and exporters.

“These events are creating havoc in the financial markets,” said a narrator of a film shown to the participants as part of the simulation and seen by Reuters. …

… For the remainder of the report:

https://www.reuters.com/markets/europe/exclusive-imf-10-countries-simulate-cyber-attack-global-financial-system-2021-12-09/

end

OTHER IMPORTANT GOLD///ECONOMIC COMMENTARIES

END-

Evergrande downgrade to cause losses for BlackRock, HSBC, UBS, and others

The Evergrande meltdown in China continues to unfold, as a new report suggests Blackrock, UBS, HSBC, and others are set to face large losses as the major holders of the bonds that just got downgraded.

To find out more, click to watch the video now!

***

 

OTHER COMMODITIES/LUMBER

 

END

 

 
CRYPTOCURRENCIES/
 

END

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

i) Chinese yuan vs usa dollar/CLOSED UP 6.3643  

 

//OFFSHORE YUAN 6.3666  /shanghai bourse CLOSED UP 14.73 PTS OR  0.40% 

 

HANG SANG CLOSED DOWN 41.14 PTS OR 0.12% 

 

2. Nikkei closed UP 202.72 PTS OR 0.71% 

 

3. Europe stocks  MOSTLY GREEN 

 

USA dollar INDEX UP TO  96;26/Euro FALLS TO 1.1286-

3b Japan 10 YR bond yield: FALLS TO. +.050/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 113.56/ 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//

 

3c Nikkei now JUST ABOVE 17,000

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

3e WTI:: 70.91 and Brent: 74.38-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.357%/Italian 10 Yr bond yield RISES to 0.94% /SPAIN 10 YR BOND YIELD FALLS TO 0.33%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.30: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.35

3k Gold at $1784.30 silver at: 22.27   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 3/100 in roubles/dollar) 73.42

3m oil into the 70 dollar handle for WTI and  75 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 113.56 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 .9232 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0420 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year FALLING to 0.357%

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 1.4690% early this morning. Thirty year rate at 1.857%

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

6.  TURKISH LIRA:  UP  TO 14.23..  EXTREMELY DEADLY

Futures Ramp On China Stimulus Hopes Ahead Of Central Bank Barrage

 
MONDAY, DEC 13, 2021 – 07:56 AM

U.S. futures rose again, starting the Santa rally predicted over the weekend by Goldman, after the underlying index surged to a record on Friday with risk appetite returning ahead of this week’s barrage of central bank meetings including the Fed on Wednesday, followed by the Bank of England and ECB. Nasdaq 100 futures climbed 0.4% as major technology and internet stocks rose in premarket trading with Apple inching closer to a $3 trillion market valuation; S&P 500 futures rose 11 points or 0.2%; with Dow Jones futures also rising 0.2%.

Chinese developers’ bonds and shares experienced a wave of selling after the sudden plunge in Shimao Group’s notes restarted concern over the health of the sector 10-year Treasury yields inched lower to 1.4684% and the dollar pushed higher. Bitcoin extended losses toward $48,000 as Binance bailed on plans for a Singapore exchange. Traders pared bets that the BOE will raise rates next year as concerns over fresh Covid restrictions outweighed inflation fears.

Risk sentiment got a boost from predictions China will start adding fiscal stimulus in early 2022, said Ipek Ozkardeskaya, a senior analyst at Swissquote. “The chances of a massive hawkish surprise are limited, and the actual expectation doesn’t interfere with equity investors’ craving for a Santa rally to close a record-breaking year with one last record,” she wrote. Indeed, as we have been expecting for much of the past 6 months, China’s top decision makers last week signaled policies may become more supportive of growth next year. Economists predict China will start adding fiscal stimulus in early 2022.

US stocks close Friday at a new record after in-line inflation data did not surprise to the upside for the first time in months and spurred bets that the Federal Reserve won’t have to accelerate plans to tighten monetary policy. That came amid a backdrop of uncertainty from the omicron coronavirus variant, a factor that traders are likely to also monitor closely as the week starts. Volatility should remain high as several central banks will decide on interest rates this week, Pierre Veyret, a technical analyst at ActivTrades, said in written comments. The “policies should set the trading tone, providing investors with more clues on next year’s investing environment.”

The Federal Reserve on Wednesday is expected to speed up stimulus withdrawal and perhaps open the door to earlier interest-rate hikes in 2022 if price pressures stay near a four-decade peak. After repeated jawboning, it would be a major surprise if the bank doesn’t announce a faster tapering, and the bond market will have to adapt to the new approach.

“Global equities had a solid run last week and we’ll see if the goodwill lasts into what is a behemoth when it comes to event risk,” Chris Weston, head of research with Pepperstone Financial Pty Ltd., wrote in a note. Omicron and the Fed should dictate sentiment, he added.

Meanwhile, in the world of covid, at least 30 U.S. states have reported omicron cases, with Anthony Fauci of course stepping up calls for boosters to increase protection and making pharma CEOs even richer. That said, all cases for which there’s available information were asymptomatic or mild, European health chiefs said. That did not stop Boris Johnson from warning that the U.K. faces a tidal wave of infections and set a year-end deadline for its booster program. South Africa’s Cyril Ramaphosa tested positive.

Here are some of the biggest U.S. movers today:

  • Arena Pharmaceuticals soars after Pfizer agrees to buy it for $100/Shr in Cash
  • Apple shares rose 1%, leaving the stock close to hitting $3t market capitalization if the move holds.
  • Airbnb, Lucid, Zscaler and Datadog shares all rise in U.S. premarket trading with the companies set to be added to the Nasdaq 100 index later this month.
  • Peloton Interactive shares gain after the home-exercise firm put out an advert responding to a scene in the TV show “And Just Like That…” where a character dies using its product. The stock closed 5.4% lower on Friday, the day after the episode aired.
  • TherapeuticsMD fell 25% in premarket trading after the FDA said it couldn’t approve revisions to some manufacturing testing limits for the Annovera birth-control ring requested by the company through a supplemental new drug application.

European stocks also advanced, led by technology and mining stocks. The Euro Stoxx 50 rose as much as 1%, DAX outperforming at the margin.  In the U.K., traders are paring back bets on Bank of England rate hikes over the next year as concerns over fresh Covid restrictions outweigh inflation fears.

Asian stocks erased an early advance as deepening losses in shares of Chinese property developers and persistent concerns over the omicron coronavirus variant soured sentiment. The MSCI Asia Pacific Index was down 0.2% after having climbed as much as 0.8%. Equity benchmarks in India and South Korea led regional declines. While stocks in China and Hong Kong rallied in morning trade on signals policies may become more pro-growth next year, the Hang Seng Index erased a gain of as much as 1.6%. That was owing to a selloff in real estate names after a plunge in the bonds and shares of Shimao Group sparked renewed concern over the health of the sector.

Monday’s trading in Asia also highlighted investor caution as markets confront potential economic risks from omicron’s spread and a series of central bank meetings this week, including the Federal Reserve. The Fed on Wednesday is expected to speed up stimulus withdrawal and perhaps open the door to earlier interest-rate hikes in 2022 if price pressures stay near a four-decade peak. “We are in the last three weeks of the year — no investor is going to place new bets and are more likely to be taking profits off the table,” said Justin Tang, head of Asian research at United First Partners. “Any negative news will be taken as a reason to press the sell button.” Meanwhile, China’s stocks climbed for the fourth day in five after the nation’s annual economic conference ended Friday with a vow to ensure “stability” and “front load” policies. Foreign investors on Monday added to record purchases of mainland shares last week. Focus now shifts to data due later in the week, including industrial production, retail sales and fixed-asset investment.

India’s benchmark stock index dropped, with a fall in Reliance Industries Ltd. weighing on the market. The S&P BSE Sensex slipped 0.9% to close at 58,283.42 in Mumbai, reversing gains of as much as 0.7%. The index had posted its best weekly performance since mid-October on Friday. The NSE Nifty 50 Index also fell 0.8% on Monday. Still, a measure of small-cap companies gained 0.2%. Reliance, the nation’s most valuable company, dropped 2%. Out of 30 shares in the Sensex, 23 fell and seven rose. All but one of the 19 sector sub-indexes compiled by BSE Ltd. declined, led by a gauge of energy companies. “Selling is more evident in benchmark indices as overseas investors are booking at least a part of their profits ahead of the U.S. Fed’s rate-setting meeting that is likely to speed up the policy normalization process,” Abhay Agarwal, founder of Mumbai-based Piper Serica Advisors Pvt., an investment management company with assets of 5 billion rupees under management, said by phone.  The Fed.’s policy announcement is due Wednesday, where it is expected to speed up stimulus withdrawal and perhaps open the door to earlier interest-rate hikes in 2022. “Post-event, we expect to see a reallocation, though at a slower pace as FPIs will factor in the possible hike in interest rates, apart from the tapering of stimulus,” Agarwal said. Locally, the government will release its consumer inflation print for the month of November later on Monday. Inflation likely rose to 5.1% year-on-year in November from 4.5% in the previous month, according to a Bloomberg survey.

Fixed income drifts higher with bund and UST curves bull flattening. Treasury yields were lower as the U.S. trading day begins, with the 10Y sliding to 1.46% and short-term little changed, prolonging the curve-flattening trend. With no U.S. economic data slated and Fed speakers silent ahead of Wednesday’s policy meeting, supply is a focal point, and Fed is slated to buy long-end sectors with no coupon supply until next week’s 20-year reopening. 10- to 30-year yields lower by about 1bp-2bp, 10-year by 1.5b at ~1.468%; 2- to 5-year yields little changed, narrowing 2s10s and 5s30s by 1bp-2bp.Peripheral spreads tighten slightly with short-dated BTPs leading a cautious move higher. Gilts bull steepen, trading ~2.5bps richer across the short end as money markets continue to price out hikes in light of the latest Covid restrictions.

In FX, Bloomberg Dollar index drifts 0.3% higher, erasing Friday’s decline and rallying against all its peers with the focus on Wednesday’s Federal Reserve meeting amid speculation officials might accelerate the pace of policy normalization. Flows in the spot market are running at 70% of the recent average, a Europe-based trader told Bloomberg. Volatility term structures in the major currencies remain inverted as the market awaits forward guidance that could shape trading for the better part of 2022 U.S. inflation data in line with expectations on Friday “almost certainly won’t change the balance-of-risk assessment for the Fed, and the communications of late expressing concern over inflation risks remain valid,” says MUFG’s Derek Halpenny. “The week starts quietly in terms of data today but it remains likely that the dollar will remain supported into the FOMC on Wednesday with anticipation high of some hawkish rhetoric to accompany the decision to speed up QE tapering.”

GBP/USD fell 0.2% to 1.3244 after gaining 0.5% over the previous two sessions. The Bank of England is set to opt for caution over Covid rather than worries about inflation, pushing back its first rate increase since the pandemic into 2022, according to economists. U.K. Health Secretary Sajid Javid said there’s no certainty the government will be able to keep schools in England open, as it battles to contain the spread of the omicron Covid-19 variant.  “This week is interesting for GBP as markets scrutinize labor-market report tomorrow ahead of BOE,” said Christopher Wong, senior foreign-exchange strategist at Malayan Banking Bhd. in Singapore. “There are concerns unemployment will spike if workers are made redundant or if people cannot find jobs, and this labor report will provide the first assessment.”

The Yen outperformed amid broad dollar strength; USD/JPY still up 0.2% at 113.69. AUD and NOK are the weakest in G-10.  Turkish lira crashed again, plunging to a new record low in early London trade with USD/TRY initially rallying over 6% to highs of 14.7590, before fading some of the move after another intervention from the Turkish central bank.

In commodities, crude futures give back Asia’s gains; WTI is little changed near $71.78, Brent dips below $75.50. Spot gold holds a narrow range near $1,785/oz. Most base metals are in the green with LME aluminum outperforming.  Bitcoin once again failed to rise above $50,000, extending losses toward $48,000 as Binance bailed on plans for a Singapore exchange

There are no major economic developments on today’s calendar, but it’s a busy week with about 20 central banks making monetary policy announcements, including the Fed, the BOE and ECB, and the divergence of their paths will be evident. Jerome Powell may turn more hawkish as he fights rising inflation, while the ECB joins China in leaning dovish and playing down soaring prices.

Market Snapshot

  • S&P 500 futures up 0.4% to 4,728.00
  • STOXX Europe 600 up 0.7% to 478.82
  • MXAP down 0.2% to 193.62
  • MXAPJ down 0.3% to 630.93
  • Nikkei up 0.7% to 28,640.49
  • Topix up 0.1% to 1,978.13
  • Hang Seng Index down 0.2% to 23,954.58
  • Shanghai Composite up 0.4% to 3,681.08
  • Sensex down 0.9% to 58,278.65
  • Australia S&P/ASX 200 up 0.4% to 7,379.26
  • Kospi down 0.3% to 3,001.66
  • Brent Futures up 0.8% to $75.74/bbl
  • Gold spot up 0.1% to $1,784.20
  • U.S. Dollar Index up 0.34% to 96.42
  • German 10Y yield little changed at -0.36%
  • Euro down 0.4% to $1.1265

Top Overnight News from Bloomberg

  • Almost 20 central banks meet this week, including the world’s biggest. No surprise that volatility term structures in the major currencies remain inverted as the market awaits forward guidance that could shape trading for the better part of 2022
  • The Bank of Japan offered to buy 2 trillion yen ($17.6 billion) of government bonds under repurchase agreements after repo rates jumped to a two-year high
  • Turkey’s central bank intervened in the market by selling FX after the lira tumbled past 14 to the dollar for the first time, piling pressure on a central bank that’s forecast to keep cutting interest rates this week despite rising inflation. The decline came after S&P Global Ratings lowered the outlook on the nation’s sovereign credit rating to negative on Friday, citing risks from the “extreme currency volatility”
  • The ECB’s biggest decision this week is to decide if it can still call the current inflation spike “transitory.” The answer will have a huge bearing on the euro-area economy, which is already dealing with resurgent coronavirus infections, new restrictions and lockdowns, and uncertainty about the omicron variant
  • ECB Vice President Luis de Guindos is self-isolating after testing positive for Covid-19 on Saturday, the ECB said in a statement posted on its website. Guindos hasn’t been in close contact with ECB President Christine Lagarde over the past week, according to the statement. The Spaniard, who is double- vaccinated and has very mild symptoms, will work from home until further notice
  • Two doses of the Pfizer Inc. and AstraZeneca Plc. vaccines induced lower levels of antibodies against the omicron variant, increasing the risk of Covid infection, according to researchers from the University of Oxford.

A more detailed breakdown of overnight news from Newsquawk

Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street where the S&P 500 notched a fresh record close and its best weekly performance since February, with markets now bracing for a risk-packed week including a busy schedule of central bank meetings. The ASX 200 (+0.4%) traded higher with risk appetite supported by the reopening of Australia’s borders to international students and skilled workers from Wednesday, while the government will also partially underwrite up to AUD 7bln in new loans for small businesses impacted by lockdowns. The Nikkei 225 (+0.7%) benefitted from the mild outflows from the JPY, with the index unphased by mixed Tankan and Machinery Orders data in which the Tankan Large Manufacturers Index and Outlook missed expectations but sentiment among Large Non-Manufacturers and Small Manufacturers improved for the sixth consecutive quarter. The Hang Seng (-0.2%) and Shanghai Comp. (+0.4%) predominantly conformed to the upbeat mood amid economists’ expectations for China to add fiscal stimulus from early next year following last week’s conclusion to the Central Economic Work Conference, which noted that China’s economy faces shrinking demand, supply shock, and weakening expectations but added that economic operations are to be kept within a reasonable range. Alibaba shares were among the biggest gainers in Hong Kong as it extended its rebound from YTD lows. Finally, 10yr JGBs were rangebound with March futures contained by resistance at the key 152.00 level and amid the positive mood across riskier assets, although JGBs were off the lows seen late last week where there were source reports that the BoJ is likely to scale back its pandemic relief programs in March with a potential announcement as early as this week’s meeting.

Top Asian News

  • Shriram Units Merge to Form Largest India Retail Financier
  • Intel to Spend $7 Billion on Big Malaysia Chipmaking Expansion
  • Shimao Group Appoints Xie Kun as Executive Director
  • Daimler Reveals Chinese Partner BAIC Raised Stake to Almost 10%

Stocks in Europe have continued to gain since the cash open (Euro Stoxx 50 +1.0%; Stoxx 600 +0.5%) as the APAC sentiment reverberates through the region following a fleeting blip lower in early European trade. US equity futures are also firmer but to a lesser magnitude – with the RTY (+0.3%) narrowly outpacing the ES (+0.%), NQ (+0.4%) and YM (+0.2%). Focus this week will be on the slew of central bank updates which kicks off with the FOMC on Wednesday, followed by the BoE and ECB on Thursday – with Flash PMIs, Christmas liquidity and Quad Witching also part of this week’s concoction. Add to that the potential tail-risk from geopolitics and headline risk from COVID. Nonetheless, European cash markets at the moment seem unfazed by what’s ahead. Sectors are pro-cyclical with Basic Resources and Autos topping the charts, whilst the defensive Healthcare, Telecoms and Personal & Household goods reside at the bottom. A recent Citi note suggests that rising earnings should keep European stocks moving higher and offset expansive valuations and tightening monetary policy in the US. Citi targets some 9% upside for the Stoxx 600 next year, with a target of 520 (vs current c.477), whilst 12% upside is targeted in the FTSE 100 to 8,200 (vs current c. 7,303). Citi leans in favour of cyclicals vs defensives – with overweights in Banks, Insurance, Basic Resources, Industrials, Media, Luxury Goods and Chemicals. Citi is underweight Utilities, Telecoms, Food & Beverages, Personal Care, Travel, Autos and Financial Services. The bank has also added to its focus list: AstraZeneca (+0.1%), Aviva (+0.7%), Capgemini (+1.2%), Faurecia (+0.9%), Iberdrola (-0.3%), Lloyds (-0.7%), Prosus (+1.5%), Royal Mail (+1.6%), Sanofi (Unch), Tesco (+0.4%), UBS (+0.2%), Vodafone (Unch), Volvo (+1.1%). Separately, Goldman Sachs sees muted returns for global stocks next year amid negative real rates coupled with high equity risk premia and in the absence of a growth shock. GS suggests that risks are growing in the US on a relative basis and sees a maximum drawdown of between -5 to -10% over the next 12 months.

Top European News

  • European Gas, Power Prices Surge on Nord Stream 2 Worries
  • U.K. Says Can’t Rule Out Shutting Schools as Omicron Spreads
  • UBS Global Wealth Management Discontinues USDTRY Coverage
  • Vivendi Has ‘Never Been a Threat’ to Lagardere: Arnaud Lagardere

In FX, the Greenback has clawed back all and a bit more of its post-US inflation data losses, partly on reflection perhaps that the CPI prints were broadly in line, and actually a tad above consensus in terms of the m/m headline rate, so highly unlikely to derail the Fed from upping the pace of QE tapering this week and probably won’t deter the more hawkish FOMC members from pencilling in a steeper lift-off. Hence, having ended Friday’s session fractionally below a Fib retracement level (96.098), the index subsequently eclipsed the intraday peak (96.429) to turn what was a bearish technical close into a constructive start to the new week within a 96.080-450 range and a ‘close’ above 96.500 would be deemed positive, if not bullish.

CHF/EUR/AUD – Very little traction from latest signs of building inflation pressure in the Eurozone via German wholesale prices reaching a record high 16.6% y/y in November, but the Euro has held above 1.0400 against the Franc in wake of latest weekly Swiss sight deposits showing a rise in domestic bank balances. Meanwhile, the single currency has absorbed some stops triggered on a breach of 1.1265 vs the Buck and could derive underlying support from decent option expiry interest at 1.1250 (1.5 bn) at the base of a band extending to 1.1320 (2 bn) through 1.1270-1.1300 (1.1 bn), and Usd/Chf is hovering around 0.9250 at the upper end of a 0.9257-00 band ahead of producer/import prices on Tuesday. Elsewhere, the Aussie has not been able to benefit from good news in the form of Australia opening its borders to international students and skilled workers from Wednesday, Government plans to partially underwrite up to Aud 7 bn new loans for small businesses impacted by lockdowns, or buoyant risk appetite, as it straddles 0.7150 against its US counterpart.

JPY/NZD/CAD/GBP – Also conceding ground to their US peer, with the Yen back below 113.50 and hardly helped by mixed Japanese macro releases including December’s Tankan survey and October machinery orders, while the Kiwi is back under 0.6800 even though NZ PM Ardern said the COVID-19 alert level for Auckland is to be eased on December 30 and the next review is scheduled for January 17. The Loonie is slipping alongside WTI between 1.2753-06 parameters and Cable has tested Fib support into 1.3200 at 1.3200 amidst ongoing UK political furore over Conservative Party transgressions during lockdown last year and heightened Omicron restrictions to prevent a tidal wave of infections.

In commodities, WTI and Brent front-month futures have been drifting lower since the European morning after the former tested USD 73/bbl to the upside and the latter briefly topped USD 76/bbl. Newsflow for the complex has been light but there have been further positive omens regarding the Iranian nuclear talks – Iran’s top nuclear negotiator said good progress was made in nuclear talks and can quickly pave the way for serious negotiations, whilst Russia’s Deputy Foreign Minister said they have reason to anticipate some progress. That being said, we are yet to hear from some of the western nations. Meanwhile, on the OPEC front, Iraq’s Oil Minister said he expects OPEC to maintain its current policy of gradual monthly increases of 400k BPD at the next meeting – slated for early January. On the COVID front, the UK opted not to further tighten restrictions over the weekend but instead boosted the booster programme, whilst reports surrounding the Omicron variant have all highlighted a mild illness. The geopolitical space may require some more attention as tensions remain high on the Ukraine/Russia and Taiwan/China front, with the US involved in both. Russian Deputy Foreign Minister, according to reports this morning, said if the US and NATO do not provide them with guarantees around security, it may lead to confrontation – and emphasised that the lack of progress on this would lead to a military response. Further, there were reports that Saudi Arabia and Iran held security talks. Ahead, the monthly OPEC oil market report is due to be released, but focus this week will likely remain on the slew of central bank meetings. Elsewhere, spot gold and silver are constrained to recent ranges ahead of a risk-packed week, with the former still in a purgatory zone below its 50 DMA (1,789/oz), 200 DMA (1,793/oz) and 100 DMA (1,795/oz). Meanwhile, LME copper is firmer on the mild market optimism but has receded south of the USD 9,500/t mark.

US Event Calendar

  • Nothing major scheduled

DB’s Jim Reid concludes the overnight wrap

We had our first Xmas lunch yesterday with my golf club hosting Santa (arriving on a golf buggy up the 18th fairway) and welcoming kids to the dinning room. I spent the whole lunch worrying their behaviour would get me black balled and banned from golf. Before we went my wife and I took lateral flow tests and Maisie asked if this was to stop Santa getting the virus? She then asked who would deliver all the presents if he had to self isolate. I must admit that I thought this was a very good question, especially as she’s starting to slowly question his existence. I said it was likely ok as Santa had just got his booster as he is over 50.

I remember when the third week of December was one long string of Xmas client lunches that you desperately tried the leave as early as you could politely do so even if that was 8pm. This week they’ll be no time for lunches and we’ll be glued to our screens with just the eight G20 central banks deciding on monetary policy. The Fed’s decision on Wednesday will be key of course, with anticipation that they might accelerate the tapering of their asset purchases, but there’s also the ECB and Bank of England meetings to watch out for as well. All of them are very much “live” meetings. Elsewhere the flash PMIs for December (Thursday) could give us an initial indication as to how increased restrictions have begun to affect economic activity. US retail sales and UK CPI (both Wednesday) might be other interesting data points.

Reviewing the main highlights in more details now. The Fed’s decision on Wednesday will be the focal point of the week. In terms of what to expect, our US economists write in their preview (link here) that they anticipate a doubling in the pace of tapering, which would bring the monthly drawdown of Treasury and MBS to $20bn and $10bn per month respectively. That would see the process of tapering conclude in March, giving them greater optionality for an earlier liftoff. Bear in mind that this meeting will also see the release of the latest dot plot, as well as the projections for inflation, growth and unemployment. On that, our economists see the median dot in 2022 likely showing two rate hikes, with risks of more, up from September when only half the dots saw any hikes by the end of 2022.

The ECB’s decision will then follow on Thursday. In our European economists’ preview (link here) they write that until the arrival of the Omicron variant, the ECB appeared on track to initiate a transition to a monetary policy stance based more on policy rates and rates guidance and less on liquidity provision. They were also set to create a policy framework with more optionality to better respond to inflation uncertainties. The Omicron variant reinforces the need for optionality, but until there’s greater clarity on what it means for the pandemic and the recovery, the ECB may stall the expected decisions in part or in whole until early 2022. As with the Fed, it’ll be interesting to see the December staff forecasts on inflation, which could influence the market view on lift-off timing.

The Bank of England’s decision will then take place on Thursday, and our UK economist expects the MPC will raise Bank Rate by +15bps to 0.25%. In the preview (link here) it argues that news of the Omicron variant has changed little on the medium-term economic outlook, with the labour market remaining as tight as it has been in recent memory, and inflation continuing to outpace staff forecasts. Nevertheless, the risks to this view are finely balanced, and risk management considerations may lead them to delay a rate hike, as they instead opt to find out more information on Omicron’s impact.

Finally on the central bank front, the Bank of Japan will be holding their final monetary policy meeting of the year on Friday. In our economist’s preview (link here), it says that although there had been an expectation that the bank would revise their special pandemic corporate financing support program at this meeting, the emergence of the Omicron variant has changed the situation. Given the next meeting is only a month later, the view is now that they’ll maintain a wait-and-see stance in this meeting and adjust the policy in January, although a revision remains possible this week if more positive evidence is found on the new variant.

Moving on to the data, the main highlight will be the flash PMIs for December from around the world on Thursday which will offer an initial indication as to whether there’s been any economic reaction yet to rise in restrictions and the emergence of the Omicron variant. There’ll also be an increasing amount of hard data out of the US for November, including retail sales (Wednesday), industrial production, housing starts and building permits (all Thursday). In China, Wednesday will see the release of their own retail sales and industrial production data for November, and in Germany on Friday there’s the Ifo’s business climate indicator for December. Finally on the inflation side, releases will include the US PPI data for November tomorrow, along with the UK and Canadian CPI readings for November on Wednesday.

Late on Friday the UK released a paper looking at vaccine effectiveness against the Omicron variant. The good news is it suggested those who’d been boosted at least a couple of weeks ago still had decent protection, with 3 doses of Pfizer offering 75.5% effectiveness against symptomatic disease, and those who’d had two doses of AstraZeneca followed by a Pfizer booster had 71.4% effectiveness. Those are both lower than the 90+% effectiveness against delta with a booster, but is still much better than some of the worst outcomes had feared. Furthermore, if the past variants are anything to go by, then the protection against severe disease and hospitalisation could be even higher. However, the bad news is it indicated those who’ve been double-jabbed for some months now have significantly waning protection against this new variant from a purely symptomatic basis without a booster, so this will only encourage governments to ramp up their booster campaigns. The UK last night accelerated their plans to get all over 18s offered a booster. It’s now by the end of the year which will be a Herculean task. This follows PM Johnson last night telling the nation that there’s a tidal wave of Omicron cases coming. The government expects it to become the dominant strain very soon in what will be an incredibly short space of time.

Overnight in Asia, markets are trading notably higher with the CSI (+1.31%), Hang Seng (+1.01%), Shanghai Composite (+1.00%), the Nikkei (+0.89%) and KOSPI (+0.28%) all strong after China’s policymakers’ hinted at more stimulus at the end of annual Central Economic Work Conference on Friday. Indeed our economists suggest that this is the decisive policy shift that markets have been waiting for and believe it’s a big deal. See their report on it here. This optimism is being reflected in the near 6% jump in Iron Ore trading overnight. DM futures are indicating a positive start to markets in the US and Europe with S&P 500 (+0.37%) and DAX (+0.44%) futures both in the green.

Looking back at last week now and the focus remained squarely on Omicron, where the lack of any concrete bad news lent a more optimistic tone.

This modestly improved risk sentiment sent equities and yields higher, and pushed volatility lower with the VIX ending the week -11.88 ppts lower at 18.79. The S&P 500 and Stoxx 600 gained +3.82% and +2.76% over the week (+0.95% and -0.30% Friday respectively). Cyclical sectors and tech stocks led the gains in the US. The small cap Russell 2000 advanced +2.43% (-0.38% Friday) while the Nasdaq climbed +3.61% (+0.73% Friday). The optimism also pushed yields higher and yield curves slightly steeper, with the 10yr treasury gaining +14.1bps this week after a poor close the previous week (-1.5bps Friday) and 10yr bunds climbing +5.1bps (+0.7bps Friday). The 2s10s treasury curve steepened +7.2bps (+1.6bps Friday). Ahead of the Fed’s meeting this week, the market is pricing the first full Fed rate hike by June.

In the world of central banking, the Bank of Canada kept policy on hold and reinforced expectations for their inflation target to be sustainably achieved in the middle of 2022, enabling policy rate hikes. Like most DM central banks, they are focused on persistently elevated inflation, which they ascribe to supply constraints that will take time to alleviate. The Reserve Bank of Australia also left its benchmark interest rate unchanged while cautioning that price pressures remain subdued, in contrast to the rest of the DM space.

In China, the PBoC cut the required reserve ratio by -50bps to support the economy, while FX reserve ratio was lifted +2.0% to lean against an appreciating renminbi. Property developers Evergrande and Kaisa defaulted on dollar debt. Chinese officials asserted the defaults would be dealt with “in a market-oriented way”.

Geopolitical rumblings out of Europe also garnered focus. Presidents Biden and Putin held a phone call to discuss tensions following the build-up of Russian forces on the Ukrainian border. The readouts following the call offered few details but signalled both sides would follow up. President Biden has cautioned severe economic sanctions would be levied should Russia invade Ukraine, including sanctions on Putin’s inner circle, energy companies, and banks. The US would also consider severing Russian access to the US-run international payments system, SWIFT.

On Friday, US CPI increased 0.8% and core US CPI increased 0.5% month-over-month in November, with the headline reading a tenth ahead of expectations. Commensurate year-over-year readings were 6.8% and 4.9%, the highest readings since 1982 and 1991, respectively. Measures of underlying and trend inflation continued to move higher, suggesting the Fed’s recent hawkish pivot will continue to be embraced by policymakers.

3A/ASIAN AFFAIRS

i) MONDAY MORNING/SUNDAY  NIGHT: 

SHANGHAI CLOSED UP 14.73 PTS OR  0.40%     //Hang Sang CLOSED DOWN 41.19 PTS OR 0.19% /The Nikkei closed UP 202.72 PTS OR 0.71%     //Australia’s all ordinaires CLOSED UP 0.39%

/Chinese yuan (ONSHORE) closed UP  6.3643   /Oil DOWN TO 71.69 dollars per barrel for WTI and UP TO 75.10 for Brent. Stocks in Europe OPENED  ALL RED   /ONSHORE YUAN CLOSED  UP AT 6.3643 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3666/ONSHORE YUAN TRADING ABOVE 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//CHINA

 
 
 
end

b) REPORT ON JAPAN

JAPAN

Quake Swarms In Japan Raise Fears “The Next Big One Will Happen This Month”

 
SUNDAY, DEC 12, 2021 – 01:02 PM

A strong earthquake with a magnitude of five struck eastern Japan on Sunday. The quake’s epicenter was in the southern part of Ibaraki prefecture, east of Tokyo. Buildings shook in the capital, but no damage was reported. Earlier this month, a swarm of quakes was reported near Mount Fuji, and the Tokara Islands, an archipelago that falls within Kagoshima Prefecture, an ominous warning that the next big natural disaster could be nearing. 

The South China Morning Post (SCMP) reports that experts and government agencies have asked the public to remain calm. They said multiple earthquake swarms near Mount Fuji and the Tokara Islands do not suggest an impending disaster like the devastating earthquake and tsunami in 2011. 

Attempts to keep the public calm are not working as planned. Asahi newspaper alerted readers that “the frequency of tremors indicates that a megaquake could occur in the near future” and warning of “impending doom.”

Quakes first hit Mount Fuji around Dec. 3. The seismic activity continued days later. On Dec. 7, more than 200 quakes were reported across the Tokara Islands. The largest was a 4.8 magnitude. 

One poster on the Yahoo Japan news website said, “heard a report that the ‘Big One’ will happen this month, so I am being cautious.” 

The Meteorological Agency doesn’t know what is causing the quake storm, but we’ve shown before that quake swarming near a volcano has preceded an eruption (read: here). 

Last week, a quake swarm off Oregon’s coast was reported and had social media a buzz about tsunami risks if the next big one struck. 

end

3 C CHINA

//CHINA//ECONOMY//USA

USA blocks investment in Uyghur facial recognition startup

(zerohedge)

US Blocks Investment In Uyghur-Hunting Facial-Recognition AI Startup

 
FRIDAY, DEC 10, 2021 – 10:40 PM

On Human Rights Day (Dec. 10), the U.S. Treasury Department banned American investments in Chinese artificial intelligence startup SenseTime Group Inc due to their connection to human rights abuse and repression of the Uyghur Muslims in the Xinjiang autonomous region in western China. 

The Treasury’s Office of Foreign Assets Control (OFAC) sanctioned SenseTime, a top developer of facial recognition technology, for their connection to “human rights abuse, including technology-enabled abuse” of Uyghur Muslims. 

OFAC said SenseTime’s “facial recognition programs can determine a target’s ethnicity, with a particular focus on identifying ethnic Uyghurs. When applying for patent applications, Shenzhen SenseTime Technology Co. Ltd. has highlighted its ability to identify Uyghurs wearing beards, sunglasses, and masks.” 

“The mass detention of Uyghurs is part of an effort by Chinese authorities to use detentions and data-driven surveillance to create a police state in the Xinjiang region,” the OFAC said. 

According to Bloomberg sources, hours before the Treasury’s sanctions, SenseTime delayed its Hong Kong initial public offering on early Friday. Bankers familiar with the deal said the pause or withdrawal of the offering would make it more challenging for the A.I. startup to IPO. 

SenseTime is already on the U.S. government blacklist, placed on the Commerce Department’s Entity List in 2019. It was placed there over its role in human rights violations against Uyghurs. Companies on the list are prohibited from doing business with U.S. firms unless they obtain a special license.  

All of this is happening on Human Rights Day, and days after the U.S., the U.K., Australia, Canada, Lithuania, New Zealand, and Scotland have declared a diplomatic boycott of the Winter Games in Beijing over China’s abuse of Uyghurs. 

Instead of actual “words,” the U.S. is becoming brave enough to address the human rights abuses with policy action. 

end

CHINA/COVID

First of all, China reports on the first case of Omicrom. I doubt very much that they can sequence the virus and report on it.  However secondly what is true, is the huge number of cases in China and they are having a tough time controlling the numbers.  The reason: their stupid vaccines Sputnik and Sinopharm’s do not work.  They simply wane after a few months but the damage to the immune system is huge.  Their vaccines do the same as the west’s:  theyshut down CD 8 + telomerase.  This is why China is having a massive  outbreak problem and nothing to help the citizens as their immune system has been compromised..

(zerohedge)

China Reports First Case Of Omicron As Outbreak Worsens

 
MONDAY, DEC 13, 2021 – 01:00 PM

Monday has already been a busy session in terms of new omicron-related news. Not only did the UK report its first death involving the omicron variant (though HMG offered only scant details, refusing to say anything about potential co-morbidities), but now China has confirmed its first case of the variant du jour.

According to Chinese media reports summarized by Reuters, the infection was discovered in the port city of Tianjin in a traveler who had arrived in the city from overseas on Friday.

The patient is presently being treated in a hospital, in isolation, the reports continued. We hope he stays safe and is treated well.

In other news, the WHO announced on Monday that omicron “poses a very high risk”, now that it has spread to more than 60 countries (including China). The statement mostly reiterated the agency’s first assessment in

The WHO said there were early signs that vaccinated and previously infected people would not build enough antibodies to ward off an infection from omicron, resulting in high transmission rates and “severe consequences”. Corroborating this assessment, researchers at the University of Oxford published a lab analysis on Monday that registered a 30-fold drop in neutralizing antibodies against omicron in people who had received two doses of a COVID jab. It’s only the latest research to call into question the vaccine protections to save people from information from omicron

In terms of omicron cases, the UK has confirmed more than 3K, which is more than the rest of the developed world combined. This is largely a consequence of the difficulty of sequencing a virus’s DNA and RNA to get the material and analyze it.

One piece of research released Monday showed that a number of vaccine recipients didn’t produce any antibodies that worked to neutralize omicron.

Meanwhile, a team from Oxford idea that there was no evidence available yet to suggest omicron causes more severe disease than delta.

Omicron has been detected in 30 states and some 60 countries.

Here’s more omicron news from Monday:

  • NIH’s Dr. Fauci stated that three shots of the COVID-19 vaccine is optimal care although two doses of the Pfizer and Moderna vaccines and one dose of the Johnson & Johnson vaccine remains the US government’s official definition for fully vaccinated. Fauci also commented on Friday that the US is working to model the impact of lifting the travel ban.
  • The UK has raised its alert level to 4 from 3 as PM Boris Johnson warns that a “tidal wave” is coming. He announced plans to accelerate the rollout of boosters for all adults.
  • South African President Ramaphosa tested positive for COVID-19 although his symptoms were mild, and he is in isolation with all responsibilities delegated to Deputy President Mabuza in the interim.
  • Israel added Britain, Denmark and Belgium to its “red list” of countries which are banned for travel due to concern regarding spread of the Omicron variant.

Circling back to China, a sub-strain of the delta variant is reportedly triggering a new cluster of cases in Eastern China’s industrial powerhouse province on Zhejiang. Another round of lockdowns in Zhejiang could create more problems for the global supply chain. Already, 500K residents in the province are on lockdown and factories have started to shut down. The outbreak is leading to 190 new cases a week.

Several infections diagnosed on Monday were also of the Delta strain sub-lineage AY.4, prompting large-scale travel restrictions in the province, mass nucleic acid tests with more 52K people shipped off to “centralized isolation”. Another 21,835 are under home health observation, and 465,771 are under routine health monitoring,

Stil, there are few signs that omicron is about to start killing patients in large numbers.

But Zhejiang isn’t the only Chinese province struggling with an outbreak. The city of Manzhouli, located at China-Russia border in north China’s Inner Mongolia Autonomous Region has reported 537 local cases during the latest resurgence. The latest outbreak is finally bringing China’s “official” tally of COVID cases close to the 100K point (even though many suspect the true figure is far higher).

end

CHINA//SHIMAO

China’s 13th largest developer is now in trouble.  A failure here will morph into the entire real estate complex

(zerohedge)

Collapse In Shimao Bonds Could Be “More Devastating Than Debt Crises At Evergrande And Kaisa”

 
MONDAY, DEC 13, 2021 – 03:45 PM

Despite trading solidly higher out of the gate amid a boost in risk sentiment thanks to predictions that China will start adding fiscal stimulus in early 2022, Asian stocks limped into the red after a wave of selling swept through Chinese developers’ bonds and shares after the sudden plunge in a major property firm’s notes renewed concern over the health of the sector.

With the world eager to move on from the Evergrande drama, Bloomberg reports that Shimao Group Holdings dollar notes dropped as much as 12 cents on the dollar, with the selloff spreading to other company bonds including Sunac China Holdings and KWG Group Holdings. The selloff was so steep, trading was halted in six of Shimao’s yuan bonds after they plunged, with one falling more than 50%.

A Bloomberg Intelligence stock index of real estate firms slumped 2.8%, led by an 12% drop by Shimao. Property stocks were among the biggest losers in Hong Kong. Sunac plunged more than 7%, while its dollar bonds fell as much as 5 cents on the dollar, according to credit traders. Agile Group Holdings Ltd. shares slid 6.4%. KWG’s dollar bond due 2023 declined 2.8 cents to 82 cents.

While nowhere near as big as Evergrande, Shimao is China’s 13th biggest developer by contracted sales and among the largest property debt issuers with about $10.1 billion in outstanding local and offshore bonds. The company has a junk Ba1 long-term rating from Moody’s Investors Service and is on review for a further downgrade. Shimao lost its investment-grade rating at S&P Global Ratings last month, but has an investment-grade rank of BBB- at Fitch Ratings.

A bond issued by one of Shimao’s local units suffered the largest haircut in China’s exchange-traded repo market last week. Borrowers putting up a Shanghai Shimao Jianshe note due 2025 for collateral get just 35% of the note’s face value as cash, down from 50% the prior week. Shimao’s dollar bond due 2022 fell 12.4 cents on the dollar to 75.7 cents, set for its lowest price in about month.

“A major price collapse or a downfall of Shimao will cause lapse in confidence in cross-over investment grade names in China property, which acts as the final refuge for the sector,” according to Anthony Leung, head of fixed income at Metropoly Capital HK. The impact could be more devastating than debt crises at Evergrande or Kaisa because they were of much lower credit quality, he added.

Since there wasn’t any firm news behind the swoon, the company said it’s looking into market rumors which it blamed for causing the selloff.

As Bloomberg notes, the plunge shattered the buoyant mood that dominated trading last week, when Beijing’s shift toward pro-growth policies helped drive yields on Chinese junk dollar bonds down the most in seven years. Optimism over further easing steps had helped counter the long-anticipated defaults by China Evergrande and Kaisa Group.

The latest selloff – which wiped out a gain of 1.9% in the Hang Seng China Enterprises Index – underscores the nervous fragility of investor sentiment toward China’s troubled real estate sector, and the nation’s assets in general, as Xi pushes ahead with plans to reduce risk in the financial system.

One reason for the concern was the inclusion of the phrase “housing is for living in, not for speculation” by the Communist Party’s top decision makers at the end of an annual economic conference added to concern. The phrase – which President Xi Jinping has stressed many times – hadn’t been used in Politburo’s preparatory meeting last week. The addition clarifies “overly optimistic views” about outright easing of property policies, said Bruce Pang, head of macro-economy and strategy research at China Renaissance Securities Hong Kong Ltd. “I don’t think China will completely relax property policies,” he said.

Going back to Shimao, on Nov 10, S&P said that the company’s previously forecast sales will be weaker due to “tough” business conditions, while the company may struggle to deleverage in the next 12 months.

Bottom line, despite recent long overdue overtures to ease financial conditions, China’s property developers remain under pressure from slowing sales and a wall of bond maturities coming due in January, according to Citigroup analysts. That means credit stress has yet to reach a maximum and weaker firms are likely to default.

4/EUROPEAN AFFAIRS

 
end
 
UK/COVID/VACCINE UPDATES
 
Quite suspicious:  UK reports its first death with Omicrom variant and most important BOJ sees a tidal waves of infections by Christmas. UK is heavily vaccinated.
 
(zerohedge) 

UK Reports First Death With Omicron Variant As BoJo Sees “Tidal Wave” Of Infections By Christmas

 
MONDAY, DEC 13, 2021 – 08:10 AM

Speaking to reporters Monday while touring a vaccination center in West London, Prime Minister Boris Johnson revealed that at least one patient infected with the omicron strain has died, marking the first known death WITH the variant in a developed nation.

The PM added that he would ensure all adults 18 and over have an opportunity to get their booster jabs before Christmas, while suggesting – or at least refusing to rule out – the possibility of more restrictions on businesses and movement before the holidays as well. A spokesman for BoJo later said there were no plans to close hospitality venues.

“Sadly yes Omicron is producing hospitalisations and sadly at least one patient has been confirmed to have died with Omicron,” he said.

“So I think the idea that this is somehow a milder version of the virus, I think that’s something we need to set on one side and just recognise the sheer pace at which it accelerates through the population. So the best thing we can do is all get our boosters.”

Analysts were quick to point out that No. 10 Downing Street has provided only scant details about the death, and that the government refused to say whether the patient who died had other comorbidities that could have contributed to their death.

According to Sky News, the confirmation comes after Health Secretary Sajid Javid told Sky earlier that “about 10” patients were presently hospitalized in the UK with omicron.

The UK has confirmed far more cases of the variant than other developed nations with larger populations (such as the US). Thanks to its proficiency at carrying out variant surveillance, the UK has confirmed 3,137 cases.

BoJo added that MPs thinking about voting against his “Plan B” measures should be warned that “now is not the time for complacency.”

“Throughout the pandemic I’ve been at great pains to stress to the public that we have to watch where the pandemic is going and we take whatever steps are necessary to protect public health.”

“We think the steps that we are taking – so Plan B, combined with a hugely ambitious acceleration of the booster campaign, bringing it forward by a month so we offer a booster to every adult by the end of the year – we think that’s the right approach.”

BoJo added that omicron now represents about 40% of coronavirus cases in London and “tomorrow it’ll be the majority of the cases” in the capital. Earlier, government advisers said omicron would be the dominant case in the UK by Christmas. The omicron “tidal wave” – as BoJo put it – is happening at the same time as cases in Gauteng, the epicenter of omicron in South Africa, is showing signs of slowing.

Researchers have suggested that omicron infections are likely to be more mild, especially in patients who have already been infected with the virus, or have been vaccinated (although some researchers fear the protections from the Pfizer vaccine are almost non-existent).

end

 
EUROPE/VACCINE/COVID
This is now becoming main steam…

Have Professional Athletes Become The Canary-In-The-COVID-Coalmine?

 
SATURDAY, DEC 11, 2021 – 12:30 PM

Authored by Robert Bridge via The Strategic Culture Foundation,

The sudden spate of on-field emergencies has raised questions among several seasoned veterans of the game…

Amid studies showing a link between some vaccines and heart problems, professional athletes appear to be collapsing on the field of dreams like never before. Are these incidences normal occurrences, coincidences or symptomatic of mandatory vaccine programs?

As more countries make vaccinations mandatory requirements for participating in many aspects of life, including that of sporting events, stadiums around the world have become something of testing grounds for determining the efficacy of the rollout. Thus far the results do not look particularly promising.

Last month, the world of female rugby was rocked by the news that Scottish sensation Siobhan Cattigan, 26, died suddenly “in non-suspicious circumstances,” as the Daily Mail reported. Yet anytime a young person – not least of all a healthy star athlete – dies unexpectedly there is some inherent element of ‘suspicion’ involved. Perhaps not in the criminal sense, but certainly from a medical point of view.

Moreover, had Cattigan’s premature death, the cause of which has not been disclosed, been an isolated event then it could be chalked up as something of a tragic ‘fluke.’ It appears, however, that Cattigan’s sudden death was not an isolated event, but rather part of a disturbing trend in the world of sports.

Last month, three professional athletes were stricken by health emergencies in the same week. Football player for Wigan Athletic, Charlie Wyke, 28, suffered cardiac arrest during scrimmage and was taken to hospital where he was reported in stable condition. Wyke credited emergency CPR performed by manager Leam Richardson with helping to save his life.

Days later, John Fleck, 30, a player with Sheffield United, was carried off the field on a stretcher during a Championship game against Reading. The Daily Mail, citing an anonymous source, reported rather defensively that “John Fleck’s issue was not vaccination related.” The list doesn’t end there.

In late October, Barcelona player Sergio Aguero, 33, considered one of the best strikers today, had his dazzling career cut short after being diagnosed with cardiac arrhythmia following a match; on November 1st, Icelandic midfielder Emil Palsson, 28, required resuscitation after a cardiac arrest 12 minutes into play; on June 12, Denmark midfielder Christian Eriksen, 29, named Danish Football Player of the Year a record five times, suffered a heart attack at Euro 2020 and given cardiopulmonary resuscitation. He announced his retirement from the sport after being fitted with an implantable cardioverter-defibrillator to regulate his heartbeat.

Do any of these health emergencies prove that the mandated Covid vaccines were to blame? Absolutely not. In fact, many medical professionals who have been quoted in the media on these incidences are inclined to blame “coincidence.” The Daily Mail went so far as to say that many scientists have rejected the suggestion that vaccines were suspect “especially as the country braces itself for a possible wave of more cases and deaths from Covid after the discovery of the Omicron variant.”

The conclusion by Reuters, after consulting with a number of medical experts, was nearly identical: “No evidence COVID-19 vaccines are linked to athletes collapsing or dying from myocarditis.”

Nevertheless, the sudden spate of on-field emergencies has raised questions among several seasoned veterans of the game.

“In my 19 years as a pro footballer & and then my 20+ years watching and commenting, I’ve never seen ANY players collapse, pass out, etc either live or during any of the thousands of training sessions and matches I’ve taken part in,” remarked ex pro-footballer Kevin Gage over Twitter.

Former England star Trevor Sinclair speaking about the incident involving Fleck on radio station TalkSport, commented: “I think everyone wants to know if he (Fleck) has had the Covid vaccine.”

Anecdotal evidence aside, is there anything in the medical literature to suggest a cause and effect may be in play? The answer points to the affirmative, with various studies indicating possible health issues associated with the vaccines, yet these risks, albeit rare, are being downplayed by social and mainstream media.

In early November, the American Heart Association, not your average right-wing group of conspiracy theorists, released a report with the lengthy title: ‘Abstract 10712: Mrna COVID Vaccines Dramatically Increase Endothelial Inflammatory Markers and ACS Risk as Measured by the PULS Cardiac Test: a Warning.’

The conclusion from the AHA seems worthy of some attention: “We conclude that the mRNA vacs dramatically increase inflammation on the endothelium and T cell infiltration of cardiac muscle and may account for the observations of increased thrombosis, cardiomyopathy, and other vascular events following vaccination.”

Despite the long-standing reputation of the AHA, Twitter actually fixed a warning stamp on the link to the study, claiming it may be “unsafe.”

Meanwhile, the first glimpse of Pfizer’s Covid-19 vaccine trial data – which is being released at the excruciatingly slow rate of 500 pages per month, meaning that full disclosure will not occur until the year 2076 – does little to instill confidence.

Zerohedge, quoting journalist Kyle Becker, reported “there were a total of 42,086 case reports for adverse reactions (25,379 medically confirmed, 16,707 non-medically confirmed), spanning 158,893 total events.

More than 25,000 of the events were classified as “nervous system disorders.”

Again, none of this proves that the vaccines are to blame for the apparent rise in collapses now happening in various sporting events. Indeed, it has been suggested that Covid-19 itself may be to blame for increasing the frequency of cardiac arrest through “some inflammatory response,” Dr. Satjit Bhusri, a cardiologist at Lenox Hill Hospital in New York City, told WebMD.

The point is we just don’t know. As the world navigates its way painstakingly through this period of impenetrable darkness, along a coastline riddled with dangerous rock formations, it would seem wise not to discount any possibilities, no matter how unsettling. That is the only way of allowing the science to indiscriminately determine the facts. Ignoring the other side of the debate as ‘conspiracy theorists,’ however, will prevent the necessary discussion from happening in the first place, which may very well be the goal behind such a risky game.

end

Europe/Covid

 
cases are waning but not vaccine injuries. It sure looks like cases are really the common cold  causes by declining immunity
(zerohedge)

EU Sees Signs That 4th COVID Wave Is Already Slowing

 
SATURDAY, DEC 11, 2021 – 08:45 AM

This isn’t a good look for all those CEOs and public health experts (in South Africa, Europe, the US and elsewhere) who immediately hit the panic button after news of the omicron variant first rattled markets on the typically quiet Friday after the American Thanksgiving holiday.

With the number of confirmed cases of omicron having barely entered 4-digit territory (and that’s a global count, to be sure), it looks like the latest wave of COVID infections in Europe has already started to wane, marking what very well could be an unexpectedly premature end to the “fourth wave” of COVID.

The biggest drop can be seen in Austria, which has seen its 7-day average plunge by more than half since omicron emerged. But its much larger neighbor Germany is in the midst of a clear plateau.

Austria made headlines last month when it became one of the first EU members to adopt new lockdowns and other measures to protect against surging COVID cases. Its three-week lockdown is expected to end on Sunday, but restrictions are expected to remain in place for those who haven’t been vaccinated.

A look at aggregate case data for the entire EU shows that the bloc has seen cases plateau.

The pace of new cases is also slowing in the Netherlands, and several other EU members. However, some European countries – including Switzerland (not a member of the EU) – are still seeing cases spread.

To try and stem the tide of the still-nascent omicron variant, Germany and other European nations are scrambling to dole out boosters. Germany’s new chancellor, Olaf Scholz, has even raised the prospect of a vaccine mandate. He’s expected to meet with leaders of Germany’s states to discuss the prospect of imposing even more restrictions before Christmas. But just days before taking over from outgoing Chancellor Angela Merkel, Scholz raised the possibility that he will take a harder line on those who refuse the jab.

Preliminary research rooted in test-tube experiments where copies of the omicron virus are allowed to invade samples of human tissue have purportedly shown the new strain to be more than 4x more infectious than the delta variant – the strain that is currently dominating the globe.

But it’s still too premature for data gleaned from the real world to be analyzed. Scientists have warned that omicron’s mutations to the virus’s spike protein will make it easier for omicron to evade vaccine-induced, as well as natural, immunity. Whether that actually happens remains to be seen.

 END

AUSTRIA//COVID/VACCINE MANDATES

TOTAL INSANITY!!

Unvaxxed in Austria could be imprisoned for a year.

(Watson/SummitNews)

Unvaxxed In Austria Could Be Imprisoned For A Year

 
SATURDAY, DEC 11, 2021 – 07:00 AM

Authored by Paul Joseph Watson via Summit News,

People in Austria who remain unvaccinated could find themselves imprisoned for a year, according to critics of an amendment to an administrative law.

Susanne Fürst of the Austrian Freedom Party (FPÖ), which voted against the amendment, warned that it could be used to punish the unjabbed with much harsher sentences.

The amendment raises fines from €726 (£617/$818) to €2,000 (£1,701/$2,255) and increases prison time for those who refuse to pay from four weeks to up to a year.

Given that Austrians who don’t get vaccinated by February face fines of up to €7,200 ($8,000) for non-compliance, those who refuse to pay would also face a 12 month jail sentence.

The amendment also orders people who are jailed to pay for their own imprisonment.

If detention is carried out by the courts, the associated costs shall be recovered by the courts from the obligated party in accordance with the provisions existing for the recovery of the costs of enforcing judicial penalties,” it states.

Despite Fürst protesting that the amendment could be used to further punish the unvaccinated, the measure was approved anyway.

At the time it was announced, then Chancellor Alexander Schallenberg vowed to hit the unvaccinated with “penalties” if they still refused to get the jab, while asserting that they should “suffer.”

Given that some technocrats are asserting that the vaccination program will never end, the initial one year prison sentence for vaccine refuseniks could be just the beginning.

END

AND

This morning Austria ends COVID lockdown measures only for the Vaxx’d. Ten of thousand protest  the mandatory jabs.

(zerohedge)

Austria Ends COVID Lockdown Measures For The Vaxx’d As Tens Of Thousands Protest Mandatory Jabs

 
MONDAY, DEC 13, 2021 – 10:20 AM

Austria lifted its lockdown on Sunday for people with a “2G” pass, meaning they were vaccinated against COVID-19 or recently recovered from the illness. People without the certificate are only allowed to leave their homes to go to work or for other essential purposes. There is an 11pm curfew for restaurants and an FFP2 mask is required on public transport and in indoor spaces.

Many cultural venues will be able to reopen on Sunday although some of the rules depend on the region.

Due to the lockdown, restaurants are closed and seats are blocked off in Vienna, Austria, Tuesday, Nov. 30, 2021.   

For cultural gatherings or events, there are caps on the number of people depending on whether it is indoors or outdoors.

Austria imposed a national lockdown in late November shortly after placing restrictions on the unvaccinated. Since then, daily infections have come down significantly as the chart below shows.

Meanwhile, tens of thousands gathered in Austria’s capital Vienna on Saturday to protest mandatory Covid vaccines and home confinement orders for those who have not yet received the jabs, The Local reportedPolice said an estimated 44,000 people attended the demonstration, the latest in a string of huge weekend protests since Austria last month became the first EU country to say it would make Covid vaccinations mandatory in February.

A partial confinement since last month ends on Sunday for the vaccinated, but those who have not received the required doses will have to remain at home.

“No to vaccine fascism,” read one protest sign. “I’m not a neo-Nazi or a hooligan,” said another, “I’m fighting for freedom and against the vaccine.”

Vaccination is to be obligatory from February for all residents older than 14, except in the case of a dispensation for health reasons.

 

Nobody will be vaccinated by force, the government has said, but those who refuse the shot will have to pay a initial fine of 600 euros ($670), which can then increase to 3,600 euros ($4,000) if not settled.

Why “exclude those who aren’t vaccinated, especially children?” asked the working mother who said she was vaccinated, but did not want to give her surname.

“It’s incredible discrimination not to be able to send a kid to dancing, tennis or swimming lessons.”

Analea, a 44-year-old violin teacher who also refused to give her family name, said this was “not the direction a democracy should be taking. We can have different opinions and values, but still live together freely,” she said.

EUROPE/ENERGY PRICES

On the rise again: supply shortage fears erupt!

(zerohedge)

European Gas And Power Prices Jump As Supply Shortage Fears Erupt

 
MONDAY, DEC 13, 2021 – 10:59 AM

A combination of Russia’s inactive Nord Stream 2 pipeline and cooler weather forecast through the end of December sparked a rally in European natural gas futures. German power prices surged to a record high while French power prices jumped to a decade high. 

Concerns that Nord Stream 2 pipeline won’t operate this winter season comes as the new German chancellor Olof Scholz said his government would “do everything” possible to make sure natgas flows continue through Ukraine and not the latest Russian to German undersea pipeline. Last month, German energy regulators suspended Nord Stream 2’s certification process. The US has also sanctioned companies affiliated with the pipeline’s construction. 

On top of the geopolitical uncertainties, mixed with tight natgas supplies across Europe, some of the lowest in a decade, a new 14-day weather forecast shows cooler than average weather, which will boost natgas demand. 

Benchmark Dutch front-month gas futures jumped as high as 10% to 116.39 euros a megawatt-hour on Monday, the highest since Oct. 6. 

UK gas futures also soared 10% to 294.07 pounds. 

Cooler weather on the continent has increased the power demand. German power contracts added 9.7% to a record 205 euros per megawatt-hour. French power contracts rose to 329 euros per megawatt-hour, the highest ever. 

This winter, Nord Stream 2 was supposed to be Europe’s saving grace as stockpiles across the continent are well under seasonal trends. Without extra supplies, as storage is rapidly depleting, natgas prices will likely continue rising, forcing power prices higher. 

Citigroup wrote a note Monday that said gas prices in Europe are soaring because of “a nervousness around demand in the remaining months of winter.” They noted some positive news: “Physical gas market is less tight than it was 4-6 weeks ago.” 

On the other side of the Atlantic, there are no signs of supply tightness or frigid weather. Natgas stockpiles remain in line with seasonal averages. The chart below illustrates how energy markets are tight in Europe but calm in the US. 

Another way in examining the energy crisis in Europe is a spread between European gas futures and US gas futures. The spread’s extreme outlines the severity of the crisis. 

We outlined last week how a possible polar vortex event could emerge in the US in January, which could produce a bullish setup for US natgas. 

 

END

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

 
 

END

TURKEY

net USA sets fall to negative 49 billion dollars.  Turkey has basically run out of dollars and this will be disastrous if foreigners refuse to lend Turkey dollars on a swap

 

(zerohedge) 

Lira Craters To New Record Low As Turkish Central Bank Burns Billions In Futile Attempts To Halt Collapse

 
MONDAY, DEC 13, 2021 – 09:14 AM

Another day, another plunge in the Turkish lira, which this morning cratered to a new all time low.

The USTRY rose above 14 for the first time ever and then catapulted as high as 14.75, after Turkey’s new Treasury and Finance Minister Nureddin Nebati told Haberturk newspaper in a phone interview that “we won’t raise the interest rate. You will see that we can do this without raising rates.” A downgrade by S&P of Turkey’s sovereign credit rating outlook to negative did not help.

Responding to a question on whether rate cuts continue, Nebati says “I don’t know that” but in a faint trace of sanity, said that the lira is not being attacked from abroad – rejecting a popular narrative spread by his boss Recep –  adding that there’s only “a few manipulative, speculative transactions inside” the country. He also said that there’s no problem regarding Turkey’s macroeconomic indicators. And if one excludes hyperinflation and currency collapse, he is right.

As Bloomberg’s Netty Ismail writes, the lira’s unprecedented FALL is unlikely to see any reprieve ahead of what’s likely to be Turkey’s fourth consecutive interest-rate cut. Policy makers will probably slash the benchmark rate by 100 basis points on Thursday despite the lira’s plunge and soaring inflation. Shockingly, Turkey’s real rate is currently minus 631 basis points, the lowest in major emerging markets. That will widen further with the prospect of another rate cut and accelerating inflation even as it sends any remaining savings into the relative safety of the stock market (as well as gold and crypto).

Meanwhile, options traders see a 56% probability that the lira will touch 15/USD in a week; at this rate, that level may be taken out as soon as today, despite yet another intervention by the Turkish central bank. As a reminder, the CBRT spent over $1 billion on its previous two interventions, and it continues to burn billions in foreign reserves every day when it seeks to contain the crash.

Of course, such interventions are the definition of futility since absent a rate hike, the lira will keep sliding; running out of FX reserves will only make matters worse for the Turkish currency… and country. As Goldman calculated late last week, as of December 8, net foreign assets of the TCMB were US$9.9bn, down by US$0.5bn from a week ago. The TCMB swaps and the stock of the FX deposit facility amounted to US$45.6bn, up by US$1.4bn compared with a week ago. The stock of the FX deposit facility is now at US$7.0bn and swaps are at US$38.6bn (Exhibit 9). Most ominously, the net reserves excluding swaps with banks and other central banks are, on our estimates, at negative US$49.7BN...

as the central bank uses dollar deposits from commercial banks to stabilize the currency a move that is guaranteed to end in disaster and hyperinflation.

 

END
 
 

IRAN/USA/ISRAEL

Iran warns against reported USA-Israeli drills prepping for an attack on their nuke sites

(zerohedge)

Iran Warns Against Reported US-Israeli Drills Prepping Attack On Nuke Sites

 
SATURDAY, DEC 11, 2021 – 03:00 PM

On Saturday a top Iranian military official warned Tel Aviv and Washington against planned-for joint military drills that would simulate attacks on IranReuters earlier in the week reported that Israeli Defense Minister Benjamin Gantz and US Defense Secretary Lloyd Austin had met to discuss possible joint ‘counter-Iran’ exercises, with Israeli media reports suggesting they already might be taking place.

“Providing conditions for military commanders to test Iranian missiles with real targets will cost the aggressors a heavy price,” the unnamed military official was cited in state media as saying.

US officials have lately described the Biden administration has a ‘plan B’ in place should Vienna negotiations fail to produce any breakthrough – which suggests even more sanctions but also possible military strike options against Iran nuclear facilities. Some in the administration worry that this occasional “mowing the grass” will in the end to little to deter Iran’s program – instead they fear it could only hasten Tehran’s pursuit of a bomb.

Image: Israeli Air Force

Currently the concern is that Iran may soon reach uranium enrichment and centrifuge capabilities that cannot be reversed. “Iran has been enriching uranium up to 20-percent purity with 166 advanced machines at its Fordow plant, the International Atomic Energy Agency said,” The Hill noted on Saturday.

Days ago, on Thursday, the Pentagon was pressed by reporters in its daily briefing over the reports of joint Israel-US training exercises to take out Iran’s facilities. 

“I know there’s interest in a certain Reuters report,” Pentagon press secretary John Kirby said. “I will tell you this, we routinely conduct exercises and training with our Israeli counterparts and I have nothing to announce to or speak to or point to or speculate about today.”

Also on Saturday a bombshell New York Times report revealed that Israel has been consulting with the United States over covert strikes on Iranian facilities. The White House is believed to have ‘green lighted’ some of these attacks.

The report also includes confirmation that Biden has ordered military strike plans drawn up: “In an effort to close the gap, American officials let out word this week that two months ago, Mr. Biden asked his national security adviser, Jake Sullivan, to review the Pentagon’s revised plan to take military action if the diplomatic effort collapsed.”

This means that if Vienna talks collapse in total failure, it won’t be long before the world witnesses new fireworks in the Middle East, between Iran and Israel. Additionally, it’s likely that Israel’s target list includes further locations in Syria, and possibly even Lebanon against Hezbollah, or on pro-Iran militia units in Iraq.

 

end

RUSSIA USA/NATO

This does not look good:

(zerohedge)

Russia May Be “Forced” To Deploy Intermediate Nuclear Missiles In Europe If NATO Refuses Dialogue

 
MONDAY, DEC 13, 2021 – 01:48 PM

Following a month of ratcheting US-Russia tensions and tit-for-tat accusations and posturing over Ukraine, the Kremlin has issued it’s biggest threat yet, on Monday saying it might now be forced to deploy nuclear missiles in Europe. This raises the stakes significantly higher in the standoff which was sparked by widespread Western media reports alleging that Putin is preparing an “invasion” of Eastern Ukraine by calling up tens of thousands of extra troops near Crimea and the border region.

“Russia said on Monday it may be forced to deploy intermediate-range nuclear missiles in Europe in response to what it sees as NATO’s plans to do the same,” Reuters reports of the new remarks by Deputy Foreign Minister Sergei Ryabkov. He told Russia’s RIA news agency in a fresh interview that “Moscow would have to take the step if NATO refused to engage with it on preventing such an escalation.”

File image via CNN

Ryabkov said that Russia believes NATO has been signaling it is moving closer to its own redeployment of intermediate-range nuclear forces in Europe. The INF Treaty, signed in 1987 between Mikhail Gorbachev and Ronald Reagan, was designed to prevent just such a nuclear weapons standoff scenario on European soil. The United States formally suspended its participation in the INF Treaty under Trump on February 2 2019 amid Russian and as well as global warnings that Washington’s exit would trigger a new post-Cold War era ‘arms race’.

The Kremlin is now citing a “complete lack of trust” and specific indicators of NATO preparing to build-up previously banned weapons in Europe:

Ryabkov said there were “indirect indications” that NATO was moving closer to re-deploying INF, including its restoration last month of the 56th Artillery Command which operated nuclear-capable Pershing missiles during the Cold War.

He added: “Lack of progress towards a political and diplomatic solution to this problem will lead to our response being of a military and technical military nature.”

“That is, it will be a confrontation, this will the next round, the appearance of such resources on our side. Right now there aren’t any, we have a unilateral moratorium. We call for NATO and the US to join this moratorium.”

So for now this fresh threat coming from the Kremlin appears geared toward building greater leverage to bring NATO back into direct dialogue at the negotiating table, following the recent Biden-Putin two hour summit wherein the Russian leader pressed Biden on “legal guarantees” that NATO would not conduct any further eastward expansion. 

Crucially, it must be remembered that Belarus’ Alexander Lukashenko has within the past two months on more than one occasion issued an open invitation for Putin to station nuclear-capable missiles in Belarus, which would be very near NATO-member Poland as well as US-backed Ukraine. Reuters reported a month ago that, “Pesident of Belarus Alexander Lukashenko wants Russian nuclear-capable Iskander missile systems to deploy in the south and west of the country…” And further:

Lukashenko told National Defense magazine that he needed the Iskander mobile ballistic missile system, which has a range of up to 500 kilometers (311 miles) and can carry either conventional or nuclear warheads.

Russia has lately complained that Brussels and the US do not take its legitimate security concerns seriously. Ryabkov echoed this ongoing concern in the fresh Monday statements: “They don’t permit themselves to do anything that could somehow increase our security – they believe they can act as they need, to their advantage, and we simply have to swallow all this and deal with it. This is not going to continue,” he said.

But NATO has denied these charges of new US missiles in Europe, only warning that conventional weapons could be used in any potential future “measured” response. Regardless, this fresh threat of INF deployment by Russia is sure to get NATO commanders’ immediate attention.

RUSSIA/USA/

Robert H to us on Russian/USA set up for war??

Are we witness to a march to war?

 
 

Russian Foreign Minister Sergey Lavrov has  cancelled all overseas trips.  Lavrov, was set to arrive in Israel today, Sunday, but has now postponed his trip. He is reported to have also cancelled his entire trip to the Middle East. Is that because Israel has been told by the US they are on their own when it comes to IRAN? And apparently they will try it alone. 

It would have been Lavrov’s first visit to Jerusalem since 2018. Lavrov is the only real statesman in a class unto himself sadly as the rest are pikers at best. And when he does not travel one does wonder why?

 

Trying to keep up the pace of hubris and not diplomacy, the British Foreign Sectary let it slip loudly that he is urging all European nations to find alternatives to Russian gas. Forgetting that Europe is in the firm grip of Klaus and his “ build back better” narrative while politicians are falling all over themselves to be rid of oil dependency when no practical alternatives exist within the foreseeable future. What can we make of this? Let’s voice some realities to the hubris, Europe is running out of money. The ability to print what cash does not exist has run out of time and Klaus’s master plan of communism did not work fast enough to break the economy to usher in a digital EURO. This masking the painful realities so politicians could retain power. As an old saying goes when all else fails, turn to war as it is politics by another means. NATO has already said NO to giving assurances in writing that eastern expansion would stop and not include the Ukraine. Nor are they prepared to say that nukes will not be placed in the Ukraine. Russia cannot allow this to stand as this is no different than what the Cuban Crisis was to America. If America was prepared to go to war with Russia over that, it is reasonable to assume that Russia will go to war over the Ukraine. No doubt sanctions will be introduced and perhaps even Swift will be denied to Russia. As it stands now Russia still relies on Swift for 75% of settlements. But why say Europe needs to look for another gas solution when there is none? The Caspian gas field off IRAN is in the firm grip of Russia and China. There are no practical alternatives to Russian gas unless you are prepared to pay perhaps twice as much. And what does that do for the economy? And how long will take? Europe has a gas problem now having not purchased enough gas for winter.

 

My guess this is the ultimate attempt by the WEF to break the back of Europe, so Klaus can usher in his communist plans. Sadly all is vain as Europe will suffer a painful time. Without SWIFT, how do European countries confirm payments not just for gas but other things. Might it be that all gas shipments to Europe outside of contracts are halted while other arrangements are made. No doubt Russia will suffer, and this is nothing new to Russians. They have done this for centuries and survived. What is not being considered is that forced to act Russia determines that Europe and the rest of the rest of teh West are not agreement capable. Does America really expect Russia boats to deliver diesel to the East coast for heating and the like? Soon the cold of winter will bring frozen ground to the Ukraine and tanks will easily move. So as we see the start of a new year do not be shocked to see war in Europe and in the Middle East. And do not be surprised if China makes a run at Taiwan. This is in addition to all the other issues of broken supply chains and the like which continue to grow. All the while, while lockdowns and vaccine mandates continue causing more social upheavals that we saw this year. Hopefully by summer the madness will have finished its’ course to bring a real turn to rebuilding. 

end

Robert H to us on the Omicron:

WHO/CDC: Zero Omicron Deaths In The World, Only 1 Hospitalized Across 22 States In US | ZeroHedge

 
 
 
 
 
A whole bunch of air about nothing.
Notice no one gets a cold or flu anymore.

https://www.zerohedge.com/covid-19/only-1-american-has-been-hospitalized-omicron-variant-spreads-22-states

6.Global Issues

CORONAVIRUS UPDATE//

(COURTESY WION)

This is very interesting: a UK channel 4 investigation has revealed that Pfizer paid lots of money to spread 

“lies” about the Astra Zeneca jab.  The “lies: were on the following two areas:

  1. that is causes cancer
  2. should not be used on immunosuppressed patients.

Actually, they were not lying when they they were spreading their evil deed. It is the truth!! AZ vaccine will cause cancer and should never be used on immunosuppressed patients or anybody for that matter. The problem of course is that Pfizer’s vaccine is far worse.

(Courtesy WIONNEWS) 

Investigative report claims Pfizer paid money to spread lies about AstraZeneca Covid jab , World News | wionews.com

 
 

According to an investigation by the UK-based Channel 4, drug major Pfizer allegedly paid experts to lie about Covid vaccine made by its rival AstraZeneca along with Oxford University. Pfizer has denied the claims being made in the investigative report to be aired on Friday.

As per the allegations, a panel of experts was paid to state things against AstraZeneca.

 

 

Both vaccines, one developed by Pfizer and another by AstraZeneca/ Oxford University were among the first ones to get Emergency Use Authorisation (EUA) by the World Health Organization.

As per accusations against Pfizer, the company paid experts to say that AstraZeneca’s jab would cause cancer and won’t be suitable for use in the case of immunosuppressed patients. The assertions were reportedly made in an educational seminar in Canada.

Pfizer has also been targeted for allegedly selling its vaccine at an inflated price. The vaccine cost just 1 dollar per dose to manufacture but the company charged UK government 29 dollars per dose.

Pfizer has reportedly ‘vehemently denied’ all the accusations. The pharma major has said that they were ‘wrongly attributed’ to it. Pfizer said that the presentations mentioned in the allegations were carried out by a third party.

end

This epidemiologist is one of the smartest guys out there. He correctly states that the COVID 19 is a pandemic of fear manufactured by the crooked authorities.

Van Brugen/Epoch Times/Dr Harvey Risch

COVID-19 A Pandemic Of Fear “Manufactured” By Authorities: Yale Epidemiologist

 
FRIDAY, DEC 10, 2021 – 10:20 PM

Authored by Isabel van Brugen via Jan Jekielek via The Epoch Times,

The COVID-19 pandemic has been one of fear, manufactured by individuals who were in the nominal positions of authority as the virus began to spread across the globe last year, according to Yale epidemiologist Dr. Harvey Risch.

In an appearance on Epoch TV’s “American Thought Leaders” program, Risch, an epidemiology professor at the Yale School of Public Health and Yale School of Medicine’s Department of Epidemiology and Public Health, argued that by and large, what has characterized the entire CCP (Chinese Communist Party) virus pandemic has been a “degree of fear and people’s response to the fear.”

“Overall, I’d say that we’ve had a pandemic of fear. And fear has affected almost everybody, whereas the infection has affected relatively few,” said Risch.

“By and large, it’s been a very selected pandemic, and predictable. It was very distinguished between young versus old, healthy versus chronic disease people. So we quickly learned who was at risk for the pandemic and who wasn’t.

However, the fear was manufactured for everybody. And that’s what’s characterized the whole pandemic is that degree of fear and people’s response to the fear.”

Risch has authored more than 300 original peer-reviewed publications and was formerly a member of the board of editors for the American Journal of Epidemiology.

The epidemiology professor suggested that individuals who held the nominal positions of authority during the onset of the pandemic in March 2020 initially spread a much worse picture of the “dire nature” of the virus than was warranted.

That included the message that everybody was at risk, anybody could die from contracting the virus, and everybody needed to stay in their homes to protect themselves, and, in this way, protect society.

“People were quite afraid of that message, as anybody would be … with the government, with authorities, with scientists, scientific people, with medical people in authority in the public health institutions, all saying the same message starting in about February, March of last year. And so, we all kind of believe this,” he said.

In the first two months of the pandemic, stringent lockdowns and mask mandates were implemented to curb the transmission of COVID-19 in the United States and across the globe. Risch said that the types of messages issued by authorities led to widespread heightened anxiety levels.

“All of our anxiety levels were raised, and we all made decisions to curtail, to various degrees, our exposures to other people, some more than others, but I think everybody had levels of anxiety that really affected how they carry out their life at that time,” he said.

Meanwhile, President Joe Biden has said that 96 to 98 percent of Americans need to be vaccinated against COVID-19 before the nation can “go back to normal,” pushing the rhetoric that unvaccinated Americans are to blame for slowing down the nation’s economic recovery.

According to data from the U.S. Centers for Disease Control and Prevention, as of Dec. 4, just over 70 percent of American adults were fully vaccinated against the virus, while 23.9 percent had received a booster dose.

“…people need to get angry about this… that these drugs [hydroxycholoquine, ivermectin] have been suppressed for reasons that are nothing to do with the science”

Watch the full interview with Yale epidemiologist Dr. Harvey Risch below, or watch and read the full transcript on Epoch TV.

end
 
Ovarian cancer//huge rise also newborn deaths on the increase..
(NaturalHealth)
 

Fwd: Ovarian Cancer And Newborn Deaths On The Rise | NaturalHealth365

 
 
 
 
This is horrible, does anyone  understand what is being done to women?

 

https://www.naturalhealth365.com/ovarian-cancer-rates-newborn-baby-deaths-3472.html

 
end
 
Heart problems on a huge rise!!

We will end up with many heart impacted people

 
 
 
 
 
end
 
Three more soccer players collapse in the last 3 days
(NaturalNews)

Revelation 2021? High-profile soccer figures, players (“footballers”) forcing conversation after three more soccer players collapse in three days – NaturalNews.com

 
 
 
a must view…
 
 
 
 
Attachments area
 
Preview YouTube video The Ivermectin Story

 

 
 
end
 
 
 
VACCINE IMPACT

 

 

As International Trials Begin Against the Globalists Will a Return to Public Executions be Necessary?

December 11, 2021 5:18 pm
Another criminal complaint has been filed against the Globalists who are responsible for mass murder and genocide through the COVID-19 scam and bioweapon injections. The Exposé in the UK reports that a complaint has been filed with the Prosecutor of the International Criminal Court for “violations of the Nuremberg Code, crimes against humanity, war crimes and crimes of aggression perpetrated against the peoples of the UK.” This case is in addition to the one that German Attorney Reiner Fuellmich will soon be conducting that is being referred to as “Nuremberg 2.0.” We have also reported that criminal charges have been filed in a court of law in India against Billionaire Globalists Bill Gates and Adar Poonawalla. Many people want to write-off these criminal cases as insignificant, since the cases provide no means to execute a sentence against the criminals if they are found guilty. But make no mistake here, these cases are NOT insignificant. That’s exactly what the Globalists hiding behind their massive wealth want you to believe. The reality is, however, that they fear these cases, because they will expose their evil deeds. In order to carry out the execution of any verdicts of guilt, we the people have to stop playing their games, and change our mindset. We cannot work within their system, because that system is rigged and completely controlled by them. What this does NOT mean, is that we have to resort to vigilantism and start working outside the law. That’s how they will portray us if we take any actions to execute justice, especially if a court has already found them guilty.
 
 
end

Dr. Vernon Coleman: Here’s Why Most of the Jabbed Will Die Early

December 12, 2021 7:15 pm
I’ve written umpteen thousand words about the short-term problems with these jabs. But I’ve also been investigating the medium and long-term dangers and what I’ve found is truly terrifying. This really is a cull. Most of the vaxxed will, I fear, be lucky to last five years – and all for a jab that doesn’t do what most people think it does. To be honest, anyone who still accepts one of these jabs should be considered suicidal or certified insane. Life expectation is going to fall dramatically – and not just because the quality of health care is deteriorating daily. I honestly find it difficult to believe that there are people around who are so brainwashed and so terrified by the lies they’ve heard that they will accept as many jabs as they are offered.
 
 
end

COVID-19, Where Does It End? – Part 5 – BattleForWorld

Robert H to us:
 
It is truly saddening to see this hysteria of vaccines being pushed by what appears to be Drug dealers and not pharmaceutical companies with public interest. It is all about the money, dammed be the consequences to public.
How many people need to die or suffer for such madness?
We are destroying the western world and its’ way of life.

 

http://www.battleforworld.com/2021/11/20/covid-19-where-does-it-end-part-5/

 
 
end
Robert h to us:

The only fight you should have, is the fight for your health – Rumble

 
 

He is correct because without health, what do you have?

By Patrick Delaney 
Global Research, December 07, 2021 
LifeSiteNews 3 December 2021

A renowned virologist and former senior officer of the Bill and Melinda Gates Foundation recently warned against the dangers of the experimental COVID-19 gene-transfer vaccines, encouraged the un-jabbed to “stay unvaccinated,” and predicted an inevitable “collapse of our health system” due to health complications in the vaccinated.

Dr. Geert Vanden Bossche, who once worked as a senior program manager for the Global Alliance for Vaccines and Immunization (GAVI) and has been considered one of the most talented vaccine creators in the world, issued a video “Message to Austria” on November 20 to coincide with a large rally in Vienna opposing new lockdown measures.

 

https://rumble.com/vpzaet-the-only-fight-you-should-have-is-the-fight-for-your-health.html

 

GLOBAL ISSUES/GLOBAL INFLATION ISSUES

 
 
LA PALMA VOLCANO ERUPTION
 
 
 
 
 
 

end

7. OIL ISSUES

end

8 EMERGING MARKET& AUSTRALIA ISSUES

Australia////  NEW ZEALAND/ SOUTH AFRICA/BRAZILCOVID/VACCINES/LOCKDOWNS

AUSTRALIA

Coming to North America, if the crooks can pull this off…

Watch: Tucker Carlson Interviews Senator Placed Into COVID Camp Despite Multiple Negative Tests

 

On Thursday, South Australian Sen. Alex Antic joined Fox News’ Tucker Carlson to explain how, despite multiple negative COVID-19 test results, he was sent to a coronavirus quarantine detention camp.

According to ABC News, a new law went into effect in South Australia on Nov. 23. Unvaccinated travelers are only allowed back into the state with an “exemption” and they must quarantine for two weeks.

Since Antic refuses to divulge his vaccine status, it’s likely authorities believe he is unvaccinated.

Antic told Carlson, “I have been concerned about some of the powers that have been gifted to the unelected bureaucracy in this country for a long period of time. I’ve spoken about them quite forcefully.”

Antic was working in Canberra, New South Wales, when he was informed that upon his return to South Australia, he was to report to a “medi-hotel” — a hotel that has been converted into a detainment facility — in Adelaide.

“That was completely out-of-step with other people’s experiences, completely out-of-step with what had been done in my previous trips to Canberra and back,” Antic said.

“Here’s the kicker,” Antic said: Ten minutes after he was told he would be going to the quarantine facility, he received a call from a journalist who knew all of the details. Hmmm.

This symbiotic relationship between the government and the media is reminiscent of the U.S. government’s connection with the legacy media. Remember how a CNN camera crew happened to arrive at Roger Stone’s home just before the FBI raided it?

“When I arrived at the airport, there was a camera crew and a photographer and a journalist all there to capture it,” Antic told Carlson. “I’ve never been more concerned about the things going on in this country.”

Watch:

https://resistthemainstream.org/watch-australian-senator-explains-how-he-was-forced-into-covid-camp-despite-multiple-negative-tests/

 
BRAZIL
 
How ivermectin cut down mortality by half in this Brazilian city
(zerohedge)

Hospitalizations, Mortality Cut In Half After Brazilian City Offered Ivermectin To Everyone Pre-Vaccine

 
SUNDAY, DEC 12, 2021 – 06:00 PM

Early on in the pandemic, before the vaccines were available, the Southern Brazilian city of Itajai offered Ivermectin as a prophylaxis against the disease.

Between July and December of 2020, roughly 220,000 people were offered a dose of 0.2mg/kg/day (roughly 18mg for a 200lb person) as an optional treatment for 2 days, once every two weeks.

133,051 people took them up on it, while 87,466 did not.

After analyzing the data, a team of researchers spanning several Brazilian institutes, the University of Toronto, and Columbia’s EAFIT concluded in a December pre-print study that hospitalization and mortality rates were cut in half over the seven month period among the Ivermectin group.

The authors adjusted for relevant confounding variables, including age, sex, medical history, previous diseases, and other conditions.

The analysis contradicts an October report by Business Insider which claims, based on a Brazilian ICU doctor’s anecdotal evidence, that the experiment was a failure.

 

Study limitations:

The authors note, “Being a retrospective observational analysis, it is uncertain whether results would be reproducible in a randomized, placebo-controlled, double-blind clinical trial, but likely, since groups of ivermectin users and non-users had  similar demographic characteristics, and rates were adjusted for the relevant confounding variables.”

We’re sure the ‘fact checkers’ are already hard at work trying to debunk the pre-print, however they may also want to take a look at ivmmeta.com – a real-time meta analysis of 70 studies which found that Ivermectin works as a prophylaxis 83% of the time. In peer-reviewed studies, it was found effective 70% of the time as an early treatment, and just 39% of the time as a late treatment.

As we noted during the whole ‘horse paste’ controversy:

Ivermectin

This widely prescribed anti-parasitic which is also used in horses has shown meaningful efficacy worldwide in the treatment of mild and moderate cases of Covid-19, plus as a prophylactic. India’s Uttar Pradesh province, with a population of over 200 million, says that widespread early use of Ivermectin ‘helped keep positivity [and] deaths low.’

 

(source, May 12th)

Separately, there have been several studies funded by the Indian government, primarily conducted through their largest govt. public medical university (AIIMS).

  • Role of ivermectin in the prevention of SARS-CoV-2 infection among healthcare workers in India: A matched case-control study (source)

Conclusion: Two-dose ivermectin prophylaxis at a dose of 300 μg/kg with a gap of 72 hours was associated with a 73% reduction of SARS-CoV-2 infection among healthcare workers for the following month.

  • Ivermectin as a potential treatment for mild to moderate COVID-19 – A double blind randomized placebo-controlled trial (source)

Conclusion: There was no difference in the primary outcome i.e. negative RT-PCR status on day 6 of admission with the use of ivermectin. However, a significantly higher proportion of patients were discharged alive from the hospital when they received ivermectin.

  • Clinical Research Report Ivermectin in combination with doxycycline for treating COVID-19 symptoms: a randomized trial (source, double-blind randomized, peer-reviewed)

Discussion: In the present study, patients with mild or moderate COVID-19 infection treated with ivermectin in combination with doxycycline generally recovered 2 days earlier than those treated with placebo. The proportion of patients responding within 7 days of treatment was significantly higher in the treatment group than in the placebo group. The proportions of patients who remained symptomatic after 12 days of illness and who experienced disease progression were significantly lower in the treatment group than in the placebo group.

Here are more human studies from other countries on the ‘horse dewormer’:
 
Peru:
  • Sharp Reductions in COVID-19 Case Fatalities and Excess Deaths in Peru in Close Time Conjunction, State-By-State, with Ivermectin Treatments (source, peer-reviewed, University of Toronto, Universidad EAFIT)

For the 24 states with early IVM treatment (and Lima), excess deaths dropped 59% (25%) at +30 days and 75% (25%) at +45 days after day of peak deaths. Case fatalities likewise dropped sharply in all states but Lima

Spain:
  • The effect of early treatment with ivermectin on viral load, symptoms and humoral response in patients with non-severe COVID-19: A pilot, double-blind, placebo-controlled, randomized clinical trial (sourceUniversity of Barcelona, peer-reviewed)

FindingsPatients in the ivermectin group recovered earlier from hyposmia/anosmia (76 vs 158 patient-days; p < 0.001).

Bengladesh:

 

  • A Comparative Study on Ivermectin-Doxycycline and Hydroxychloroquine-Azithromycin Therapy on COVID-19 Patients (source – peer reviewed, though not govt funded)

Conclusion: According  to  our  study,  the  Ivermectin-Doxycycline combination therapy has better symptomatic relief, shortened recovery duration, fewer adverse effects, and superior patient compliance compared to the Hydroxychloroquine-Azithromycin combination. Based on this  study’s  outcomes,  the  Ivermectin-Doxycycline  combination  is  a  superior  choice  for  treating  patients  with  mild to moderate COVID-19 disease.

  • A five-day course of ivermectin for the treatment of COVID-19 may reduce the duration of illness (source, peer-reviewed double blind randomized, though small sample size)

DiscussionA 5-day course of ivermectin resulted in an earlier clearance of the virus compared to placebo (p = 0.005), thus indicating that early intervention with this agent may limit viral replication within the host. In the 5-day ivermectin group, there was a significant drop in CRP and LDH by day 7, which are indicators of disease severity.

Why does Ivermectin, a ‘horse dewormer’ work? For starters, it’s a protease inhibitor. Interestingly, Pfizer’s 2x/day Covid-19 prophylactic they’re trialing right now is also a protease inhibitor.

Perhaps the most damning evidence in favor of Ivermectin is the medical establishment’s position that it’s essentially snake oil, despite the fact that it’s had a glowing safety profile for decades, until now.

END
 

Euro/USA 1.1286 DOWN .0012 /EUROPE BOURSES //MOSTLY GREEN 

 

USA/ YEN 113.56  UP  0.204 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3257  DOWN   0.0006 

 

USA/CAN 1.2761  UP 0.0054  (  CDN DOLLAR DOWN 54 BASIS PTS )

 

Early MONDAY morning in Europe, the Euro IS DOWN by 12 basis points, trading now ABOVE the important 1.08 level FALLING to 1.1286

Last night Shanghai COMPOSITE CLOSED UP 14.73 PTS OR 0.40%

 

//Hang Sang CLOSED DOWN 41.14 PTS OR 0.17%

 

/AUSTRALIA CLOSED UP 0.39% // EUROPEAN BOURSES OPENED MOSTLY GREEN

 

Trading from Europe and ASIA

EUROPEAN BOURSES MOSTLY GREEN  

 

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 41.14 PTS OR 0.17%

 

/SHANGHAI CLOSED UP 14.73  PTS OR 0.40%

 

Australia BOURSE CLOSED UP  0.39%

Nikkei (Japan) CLOSED UP 202.72 PTS OR 0.71 % 

 

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1789.80

silver:$22.27-

Early MONDAY morning USA 10 year bond yr: 1.469% !!! DOWN 2 IN POINTS from FRIDAY night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.857 DOWN 3  IN BASIS POINTS from FRIDAY night.

USA dollar index early MONDAY morning: 96.26  UP 16  CENT(S) from FRIDAY’s close.

This ends early morning numbers MONDAY MORNING

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And now your closing  MONDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.26% DOWN 5  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.05% DOWN 6/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.31%// DOWN 4  in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 0.92 DOWN 3    points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 61 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –..384% IN BASIS POINTS ON THE DAY//

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

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

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

Euro/USA 1.1296  DOWN .0003    or 3 basis points

USA/Japan: 113.42  UP 0.062 OR YEN DOWN 6  basis points/

Great Britain/USA 1.3267  DOWN 27   BASIS POINTS)

Canadian dollar DOWN 92 pts to 1.2800

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The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP)..6.3670  

 

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3747

TURKISH LIRA:  13.76  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.0050

Your closing 10 yr US bond yield DOWN 5 IN basis points from FRIDAY at 1.417 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.807  DOWN 8 in basis points 

Your closing USA dollar index, 96.28 UP 18   CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 60.34 PTS OR 0.83% 

 

German Dax :  CLOSED DOWN 1.59 PTS OR 0.01% 

 

Paris CAC CLOSED DOWN 48.77 PTS OR  0.70% 

 

Spain IBEX CLOSED DOWN 44.00  PTS OR 0.53%

Italian MIB: CLOSED DOWN 170.96 PTS OR 0.64 %

 

WTI Oil price  71.40 12: EST

Brent Oil:  74.72 12:00 EST

USA /RUSSIAN /   RUBLE FALLS:    73.67  THE CROSS HIGHER BY .21 RUBLES/DOLLAR (RUBLE LOWER BY 21 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  .384 FOR THE 10 YR BOND 1.00 PM EST EST

 

This ends the stock indices, oil, 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 : 71.24

BRENT :  74.43

USA 10 YR BOND YIELD: …1.417  DOWN 7  basis points…

USA 30 YR BOND YIELD: 1.808 DOWN 7  basis points..

EURO/USA 1.1286  DOWN 0.0012   ( 12 BASIS POINTS)

USA/JAPANESE YEN:113.57 UP  0.221 ( YEN DOWN 21 BASIS POINTS/..

USA DOLLAR INDEX: 96.36  UP 27  cent(s)/

The British pound at 4 pm   Britain Pound/USA: 1.3212 DOWN .0052  

the Turkish lira close: 13.83  

 

the Russian rouble 73.56  DOWN 0.12  Roubles against the uSA dollar. (DOWN 12 BASIS POINTS)

Canadian dollar:  1.2809 DOWN 102 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.384%

The Dow closed DOWN 320.04 POINTS OR 0.89%

NASDAQ closed DOWN 217.32 POINTS OR 1.39%

VOLATILITY INDEX:  20.52 CLOSED UP 1.83

LIBOR 3 MONTH DURATION: 0.193

USA trading day in Graph Form

Bonds & The Dollar Jump As Stocks & Crypto Dump

 
MONDAY, DEC 13, 2021 – 04:01 PM

Everything was awesome overnight. Equity futs were higher as traders anticipated yet another Santa Claus rally into year-end. And then UK PM BoJo fearmongered of a “tidal wave” of COVID cases coming and the first of someone who has the Omicron variant… and all hell broke loose in markets.

‘Bubble’ markets broke loose…

And this was overheard in mum’s basement across the nation…

All the major indices tanked at the US cash open, led by Small Caps. The selling pressure abated as Europe closed but the machines were unable to get back to even. The last 15 minutes saw selling pressure resume leaving Small Caps and Big-Tech down 1.5% on the day…

Nasdaq and Russell 2000 both dropped into the red for December today

Source: Bloomberg

Under the hood, the median US stock is notably lower over the last few days…

Source: Bloomberg

Retail favorite stocks plunged…

Source: Bloomberg

AAPL was unable to tag $182.86 which would have given it a $3 trillion market cap….

TSLA is on course for its worst month since March 2020…

Interestingly, after the start of last week’s massive short-squeeze, “Most Shorted” stocks have been clubbed like a baby seal…

Source: Bloomberg

Treasuries were bid all day with the long-end significantly outperforming…

Source: Bloomberg

The yield curve flattened notably, erasing Friday’s post-CPI steepening…

Source: Bloomberg

The dollar rallied all day, erasing Friday’s losses…

Source: Bloomberg

Bitcoin tested its 200DMA…

Source: Bloomberg

Ethereum broke below its 100DMA…

Source: Bloomberg

Forward inflation swaps and Ethereum have recoupled…

Source: Bloomberg

Oil prices leaked lower today as BoJo’s words sparked concerns on demand…

And while US Nattie prices have trended lower, European NatGas has exploded back to record highs (chart below is apples to apples in BTUs / oil barrel equivalents)…

Source: Bloomberg

We heard some chatter about “lower gas prices” today too… actually regular gasoline prices at the pump have never been more expensive for this time of year…

Source: Bloomberg

And finally, “Fear” is back. In stocks…

And in crypto…

Get back to work Mr.Powell!

EARLY MORNING

Stocks, Bond Yields, & Crypto Are Getting Slammed

 
MONDAY, DEC 13, 2021 – 09:43 AM

All of a sudden, things went just a little bit turbo since BoJo warned of a “tidal wave” of Omicron cases

As US equity cash markets open, stocks were pummelled lower…

AAPL – the market’s very foundation – was unable to get to $3 trillion in the pre-market, and is falling back to unch…

Bond yields plunged…

And Crypto took another hit…

Is this a continued taper tantrum? Searching for Powell’s new put strike?

end

THIS AFTERNOON

Stocks Extend Losses After Fed Survey Shows Soaring Inflation Expectations

 
MONDAY, DEC 13, 2021 – 11:12 AM

According to The New York Fed’s latest survey, the public’s short-term expectations for inflation surged to 6% – a new record high.

Interestingly, longer-run expectations for inflation eased a bit in November (for the first time since June).

The New York Fed noted that:

“the decline in medium-term expectations was driven by respondents without a college degree” and said “measures of disagreement across respondents…increased at both horizons to new series highs.”

For now, it did nothing to reassure stock market investors that The Fed will stray from its path of accelerated taper and take-off for rates. And that sent stocks legging lower again…

The survey showed that respondents expected prices of everything (from gold to rent, and from college to food) to continue accelerating higher.

Get back to work Mr. Powell.

END

II)USA DATA

Consumers now expect greater than 10% inflation in key staples

(courtesy zerohedge)

Fed Loses Control As Consumers Now Expect 10% Inflation For Key Staples

 
MONDAY, DEC 13, 2021 – 02:26 PM

Another month, another record high in consumer inflation expectations.

While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince ordinary  Americans (who don’t have the privilege of charging their Federal Reserve debit card when shopping at the grocery store) that the current phase of galloping inflation – to avoid the far more dreaded “h” word – is merely transitory and is in fact, good for them as the following clown claimed overnight…

… the shocking reality on the ground is that the Fed has effectively lost control over near-term consumer inflation expectations, as the NY Fed’s own most recent survey of consumer expectations reveals, something which even Powell tacitly admitted when he said it’s time to retire the “transitory” inflation term.

According to the November installment of this closely watched survey, consumer inflation expectations for one year ahead hit a fresh all-time high for this series of 6.00% up from 5.65% in October. Median short-term (one-year-ahead) inflation expectations increased in November by 0.35%, the thirteenth consecutive monthly increase and a new series high since the inception of the survey in 2013.

And while the median 1 Year expected inflation rate was a “modest” 6.0%, the upper end of the 25%/75% dispersion range was a mindblowing 9.7%, meaning that at least 25% of respondents see inflation surging to nearly double digits! At the same time, 25% of respondents expect inflation to be at or below the “low, low” level of 3.0%.

Even more amazing is that consumers now expect prices for most key expenditures to rise by ~10% in the coming year. Among other things, consumers expect:

  • gasoline prices to rise 9.15%;
  • food prices to rise 9.24%;
  • medical costs to rise 9.6%;
  • rent prices to rise 10.03%.
  • The median one-year ahead expected change in the cost of a college education increased by 1.6 percentage points to 9.1%, its highest reading since March 2015.

Hilariously, the chart above also shows that while the price of virtually everything is expected to soar by around 10% over the next year, the price of gold – which everyone by now knows is manipulated by both banks, dealers and central banks – will underperform everything and rise just 5%.

That said, having clearly lost all control over the 1-year forward data point, the Fed release instead focused its last remaining powers of persuasion on the long-term inflation expectations, noting that “median three-year ahead inflation expectations decreased to 4.0% from 4.2% in both September and October. This is the first decline in the three-year measure since June 2021, and only the second decline since October 2020.”

While that was good news, the not so good news is that the decline in medium-term expectations was driven by respondents without a college degree, meanwhile those who actually understand what’s going on, keep pushing long-term inflation expectations higher. That’s also why measures of disagreement across respondents (the difference between the 75th and 25th percentiles of inflation expectations) increased at both horizons to new series highs.

Remarkably, both the Fed’s 1-Year and 3-Year inflation expectations are now far above those observed most recently in the UMich consumer sentiment survey, where the 1Y expectations are 4.9% while the 5-10 inflation expectations remain around 3.0%. Expect both numbers to keep rising in coming months.

There was more bad news in the report which found a general sense of unease and disappointment involving the broader economy:

  • The mean perceived probability of losing one’s job in the next 12 months rose to 13.0% from 11.0%
  • The median expected growth in household income fell to 3.2%, from its series high in October

There was more bad news as the median year-ahead home price change expectation decreased to 5.0% from 5.6%. The measure, which rose sharply during the Spring, is now at its lowest level since March 2021 (if well above its pre-pandemic February 2020 reading of 3.1%).

There was some good news as a smaller percentage of consumers, 10.02% vs 11.15% in prior month, expect to not be able to make minimum debt payment over the next three months.

Some other observations from the report:

  • Median one-year-ahead inflation expectations increased to 6.0% from 5.7% in October. Median three-year ahead inflation expectations decreased to 4.0% from 4.2% in both September and October. This is the first decline in the three-year measure since June 2021, and only the second decline since October 2020. The decline in medium-term expectations was driven by respondents without a college degree. Measures of disagreement across respondents (the difference between the 75th and 25th percentiles of inflation expectations) increased at both horizons to new series highs.
  • Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—increased at both the short- and medium-term horizons, with both reaching new series highs.

Labor Market

  • Median one-year-ahead expected earnings growth retreated 0.2 percentage point in November to 2.8%, from its series high in October. The decrease was largest for respondents with annual household incomes under $50,000.
  • Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—increased by 0.6 percentage point to 36.1%.
  • The mean perceived probability of losing one’s job in the next 12 months rose to 13.0% from 11.0% but remains well below its pre-pandemic reading of 13.8% in February 2020. The mean probability of leaving one’s job voluntarily in the next 12 months also increased to 20.2%, from 20.0%.
  • The mean perceived probability of finding a job (if one’s current job was lost) declined to 55.9% from 56.6%, but remains well above its 12-month trailing average of 51.9%.

Household Finance

  • The median expected growth in household income fell by 0.1 percentage point from its series high in October, to 3.2%.
  • Median year-ahead household spending growth expectations jumped up by 0.3 percentage point to 5.7%, a new series high. The increase was largest for respondents with annual household incomes under $50,000.
  • Perceptions of credit access compared to a year ago deteriorated slightly in November, with fewer respondents finding it easier to obtain credit now than a year ago. Expectations about future credit availability deteriorated as well, with fewer respondents expecting it will be easier to obtain credit in the year ahead.
  • The average perceived probability of missing a minimum debt payment over the next three months decreased by 1.1 percentage points, to 10.0%, which is slightly below the 12-month trailing average of 10.2%.
  • The median expectation regarding a year-ahead change in taxes (at current income level) was unchanged at 4.7%.
  • Median year-ahead expected growth in government debt decreased 2.1 percentage points to 12.5%, its lowest reading since December 2020.
  • The mean perceived probability that the average interest rate on saving accounts will be higher 12 months from now increased to 28.7%, from 27.0%.
  • Perceptions about households’ current financial situations compared to a year ago deteriorated in November, with more respondents reporting being financially worse off than they were a year ago. Respondents were also more pessimistic about their household’s financial situation in the year ahead, with fewer respondents expecting their financial situation to improve a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 0.5 percentage point to 39.1%, the first increase since April 2021.

Finally, one for the market: perhaps failing to realize that stagflation pressures are rising, the mean perceived probability that U.S. stock prices will be higher 12 months from now rose modestly to 39.1%, from 38.5%, which was tied for the lowest in 2021.

Source: NY Fed

b) USA COVID/VACCINE UPDATES//VACCINE MANDATES

The vote was 6:3.  Gorsuch, Sam Alito, and Clarence Thomas wanted to unblock NY vaccine mandate.  Overruled by the other 3 conservative judges and the 3 libeeral judges.

Supreme Court Declines To Block New York COVID Vaccine Mandate For Health Care Workers

 
MONDAY, DEC 13, 2021 – 04:20 PM

Authored by Jack Phillips via The Epoch Times,

The U.S. Supreme Court on Monday declined to issue an injunction against New York’s COVID-19 vaccine mandate for health care workers, which doesn’t allow them to seek a religious exemption.

New York state imposed the vaccine mandate for doctors and nurses in August, which allows only for medical exemptions, not religious ones. The religious exemption policy expired in November.

The latest decision suggests the high court lacks the appetite to wade into the matter of mandates. The Supreme Court has previously rejected other challenges, including one that focused on Maine’s lack of a religious exemption to vaccine mandates for health care workers.

Petitioners, which included Christian doctors, said New York’s vaccine mandate violates the U.S. Constitution’s First Amendment prohibition on religious discrimination on behalf of the government. They also argued that it violates federal civil rights law that requires businesses to accommodate employees’ religious beliefs.

Justices Clarence Thomas, Samuel Alito, and Neil Gorsuch wrote they would have supported temporarily halting enforcement of New York’s mandate.

“Sometimes dissenting religious beliefs can seem strange and bewildering. In times of crisis, this puzzlement can evolve into fear and anger,” Gorsuch wrote in his dissent.

“One can only hope today’s ruling will not be the final chapter in this grim story,” Gorsuch continued. “Cases like this one may serve as cautionary tales for those who follow.”

In October, when the Supreme Court didn’t take up the Maine vaccine case, Gorsuch wrote that “healthcare workers who have served on the front line of a pandemic for the last 18 months are now being fired and their practices shuttered,” adding that they have been terminated “for adhering to their constitutionally protected religious beliefs.”

“Their plight is worthy of our attention,” he argued.

The Pfizer-BioNTech and Moderna vaccines both used fetal cell lines in their testing stages, while Johnson & Johnson used a human fetal cell line known as PER.C6. PER.C6 was developed from the retinal cells of an 18-week-old fetus that was aborted in 1985.

Other than Maine and New York, Rhode Island is the only other state that doesn’t allow religious exemptions to the vaccine for health care workers.

New York’s Department of Health on Aug. 26 ordered health care professionals who come in contact with patients or other employees to be vaccinated by Sept. 27. That deadline was delayed to Nov. 22.

The state has said that under the policy employers can consider religious accommodation requests and employees can be reassigned to jobs such as remote work.

The state said medical exceptions are meant for the small number of people who have had a serious allergic reaction to the COVID-19 vaccines and that longstanding health care worker vaccine mandates for measles and rubella have no religious exemptions.

end

Totally nuts: New York will require masks at all indoor businesses

(zerohedge)

New York Will Require Masks At All Indoor Businesses That Don’t Have Vaccine Requirement

 
FRIDAY, DEC 10, 2021 – 06:40 PM

Gov. Kathy Hochul announced new COVID measures for New York Friday, implementing an indoor mask mandate for all businesses who don’t have a vaccine requirement in place, as the state encounters its most significant viral uptick in months across all core metrics (remember when the media made fun of Florida for this… good times). Refusing to comply with Friday’s order comes with a possible fine up to $1,000.

It comes a day after the Democrat announced nearly three dozen upstate New York hospitals had to suspend non-essential elective procedures to secure bed capacity, part of what she described as a preemptive strike to “fight this impending surge.”

According to NBC New York, starting Monday, patrons and staff across the state will be required to wear a mask at businesses and venues wear vaccines are not required for entry. This newest mandate, designed to combat increased virus spread at a time when people are spending more time indoors, will be in place through Jan. 15 when the state plans to re-evaluate its effectiveness.

Hochul cited the state’s increasing cases, decreasing hospital bed capacity and low vaccination rates in her decision to implement an updated statewide mandate. She said the state’s vaccination rate is not rising fast enough to match the spike in hospitalizations and infections — the number of New Yorkers fully vaccinated since Thanksgiving has risen by 2%, whereas the seven-day case rate and hospitalizations since the holiday are up 43% and 29%, respectively.

COVID-19 hospitalizations across the state – where 70% of the population are fully vaccinated – are at their highest levels since late April and have soared 86% in the last month alone, the latest data shows. Hochul and “health experts” say that’s a reflection of the still omnipresent grip of delta, which accounts for 99% of all genetically sequenced positive samples in New York — and the nation — and has been scientifically linked to more severe cases of infection.

Daily COVID deaths in the state topped 50 (54) on Thursday for the first time in months, while the daily caseload topped 12,400 for the first time since late January. The latter increase could be reflective of omicron’s spread throughout the state. Hochul and New York City leaders have said community transmission appears to be well underway. While just 20 cases statewide have been detected so far (13 of them in New York City), officials believe the actual number is significantly higher.

Those across-the-board upticks combined with the looming threat of holiday-related spikes warrant intense, early action, Hochul said.

The previously announced order to suspend elective surgeries is designed to ease capacity strains on hospitals as COVID-19 cases surge. It only applies to hospitals that have less than 10% bed capacity available, many of which are in areas where Hochul says lower vaccination rates correlate with the higher, concerning metrics.

“We continue to see an uptick in hospitalizations and this is a trend. You can draw a direct correlation between vaccination rates in an area and the number of hospitalizations,” Hochul said Thursday. “And we know it’s the indoors, the colder temperatures, but also the areas where people are more likely to be vaccinated.”

Hochul said the state will reassess the surgery pauses on Jan. 15 because she doesn’t want to order long-term changes in protocol without an end date or a set time to reevaluate the situation.

end

Ridiculous!  No 2 commander of a Navy destroyer fired over his refusal to get a COVID 19 jab.

(zerohedge)

Navy Destroyer #2 Officer Fired Over Refusal To Get Covid-19 Vax Or Tested

 
SATURDAY, DEC 11, 2021 – 02:00 PM

A top-ranking US Naval officer was relieved of duty Friday night over his refusal to  get the Covid-19 vaccine or get tested for the disease.

Commander Lucian Kins, the USS Winston S. Churchill’s second-in-command, reportedly applied for a religious exemption which was refused by the Navy – a decision he later appealed according to Fox News.

Kins was relieved of duty “due to loss of confidence” in his ability to perform work duties, according to LCDR Jason S. Fischer, a Navy spokesman.

Seriously?

“On December 10, 2021, Commander, Naval Surface Squadron 14, Capt. Ken Anderson, relieved Cmdr. Lucian Kins as executive officer of USS Winston S. Churchill (DDG 81) due to loss of confidence in Kins’ ability to perform his duties,” said Fischer, who added that “Lt. Cmdr. Han Yi, the ship’s plans and tactics officer, is temporarily assigned as executive officer until a permanent relief is identified and that Kins will be “reassigned to the staff of Naval Surface Squadron 14.”

Kins was on track to become the destroyer’s commander within the next 18 months according to the report.

end

Very sad story..

Another rotten hospital

 
 
 
With Ivermectin in Hand, Wife Dies While Husband Begs Hospital to Administer

 

By Beth Brelje
The Epoch Times, New York
Saturday, December 11, 2021

https://www.theepochtimes.com/mkt_breakingnews/with-ivermectin-in-hand-wife-dies-while-husband-begs-hospital-to-administer_4148789.html

David DeLuca of Sicklerville, New Jersey will never know if the Ivermectin prescribed by an out-of-state doctor for his wife would have saved her life. Colleen DeLuca, 62, died of COVID-19 on Oct. 10, at Jefferson Washington Township Hospital in Sewell, New Jersey, before he could get a court order to administer the drug.

Ivermectin has helped in some cases,  but across the United States, many hospitals don’t include it in their COVID protocol for treatment and refuse to use it, even as a last effort on a dying patient.

Buffalo, New York, attorney Ralph Lorigo has spent the last 11 months handling cases where the family wants to try Ivermectin and must get a court order to force hospitals to allow the drug to be administered. DeLuca had Lorigo draw up papers for court, but because Lorigo doesn’t practice in New Jersey, he instructed DeLuca to find a New Jersey attorney to file the papers and handle the case. However, DeLuca couldn’t find an attorney willing to take on the case.

“They kept telling me the magistrates of New Jersey will never let this go through. Now I’ve got to go through the next 25 years without her,” grief-stricken David DeLuca, 62, told The Epoch Times. “My 3-year-old granddaughter kisses her photo at night.”

… A Beautiful Life

David fondly recalls the day in 10th grade American History class when the pretty, new girl took a seat near his. Colleen’s family was in the military and she had just moved back from Germany. She was quiet but loved to listen to him talk. By senior year, they were an item and went to senior prom together. And when he got a scholarship to Bucknell University in Lewisburg, Pennsylvania, he couldn’t imagine life without her. He arranged for housing and a justice of the peace, and in 1977 the two 18-year-old high school sweethearts shocked their families and eloped.

“Everybody said it wasn’t going to work,” David said. “But ultimately my parents came to love her as a daughter.” They went home for Thanksgiving and were loaded down with hand-me-down household items, proving their family was getting used to the union.

He worked two jobs; she helped him type school papers and cooked dinner for David and three college buddies who would become lifelong friends. By the time he graduated, they had three children under the age of 4. Altogether, they had six children. The last two were home-schooled all the way through graduation. And now there are 10 grandchildren. Colleen loved giggling with her grandchildren and was big on offering hugs.

Devout Catholics, they intentionally moved near a church offering Mass in Latin and were deeply involved with their faith. Colleen joined an order of the Carmelite nuns for married women.

When COVID-19 appeared, they worried. Colleen beat cancer twice and had asthma and other health concerns. David had health issues too.

“We knew we were high-risk patients,” David said.

Colleen sewed 500 face masks and gave them all away. They took all the precautions they could take. She stayed home most of the time. They wore masks and disinfected.

But when vaccines became available, they couldn’t take them because of direct ties to aborted fetal cells.

… Suffering

In mid-September, Colleen started showing asthma symptoms. They called her pulmonologist and she prescribed the usual asthma medicines, including her nebulizer.

“We weren’t thinking COVID at that time,” David said. It was not unusual for Colleen to have an asthma attack. She had complex breathing issues and used a nasal pap and an oxygen concentrator when she slept. Soon she was coughing and they started to monitor her oxygen saturation levels.

David did what he could to care for her but on Sept. 21, he suddenly felt like he hit a brick wall.

“I went to bed immediately,” David said. The next morning he got tested and learned that he had COVID, and the doctor told him certainly Colleen had it too. The general practitioner prescribed a host of medicines, including hydroxychloroquine.

On Sept. 23, Colleen’s oxygen level dropped to 88 percent.

“I said, I have to take you to the hospital. She said, if you take me to the hospital, I’m going to die there. I said, if I don’t take you, you are going to die here.”

She wanted to sleep at home through the night, but he checked her level again and it had already dropped to 86 percent.

Too weak from COVID to take her himself, David called an ambulance.

The ambulance crew had Colleen sitting up on a gurney with an oxygen mask on her mouth, so he couldn’t kiss her goodbye. Her eyes looked scared. Tracing the sign of the cross on her forehead with his thumb, David blessed her. They waved goodbye and that was the last time he saw her awake.

The hospital had her on a CPAP machine with full oxygen, and at home, David was also suffering from COVID. On Sept. 28 he got a call from a doctor at the hospital. They were going to put Colleen on a ventilator and she wanted to talk to David. Her voice was weak, and competing with the oxygen machine.

“I’m going on the ventilator. Bury me in my ceremonial scapular. I love you and the kids.”

David started calling friends asking them to pray for Coleen and one friend told him about Ivermectin.

He asked his general practitioner for it and, although David feels his doctor was doing his best, the doctor said the data did not show it would help and did not prescribe it. David got a prescription for himself and Colleen through a telehealth meeting with a doctor from Oklahoma.

David took his Ivermectin and in days, he started to feel better, although today he still has an occasional cough. He asked the hospital to give Colleen Ivermectin.

“They said no, it’s not part of our protocol. It doesn’t work,” David said. “I told the doctors, you need to dispense this medicine. They said no.”

Now he was trying to find an attorney, trying to convince the hospital to use the Ivermectin he already had, and he was trying to get permission to go into his wife’s room. He says they would not let him visit her because she was contagious, but since he already had COVID, he felt he should have been able to get in.

Eventually, he was able to see her through a window, but he wanted to hold her hand and let her hear his voice.

Jefferson Washington Township Hospital said it does not comment on individual patients and, when asked about its Ivermectin policy, had no comment.

David went to church early on Oct. 10. He got two calls from the hospital just before Mass started. The first call let him know Colleen was in renal failure. He said he would go to the hospital right after church.

“You don’t understand. Your wife is dying,” David recalls the second call. He went directly to the hospital and this time they let him into the room with a gown and mask.

“I could see she was going to die. I called my kids and grandkids from all over the United States.” It was a video call.

Colleen had been weaned off sedation.

“She was awake and she was suffering,” David said.

David was an Air Force pilot for 28 years and flew combat missions during which he was responsible for hundreds of lives. He was trained to make life and death decisions in seconds. But he never thought he would be in this situation. He allowed them to remove her from the ventilator.

“I said, Lene, I can’t do this to you, and she squeezed my hand. We pulled the vent and she died within 30 seconds. I couldn’t hug her because of all the stuff around her. I blessed her.”

His sorrow turns to anger when he thinks about the experience. He feels the hospital expected her to die as soon as she went on the ventilator.

“In my opinion, they gave up on her on day one. Their protocols killed her,” David said. “The legal system won’t do its job. People need to know (Ivermectin) is out there. I want her story to be told because I want other people to be protected and not go through what my kids went through, losing their mother.”

 
“I trusted the system to help, and they didn’t care.”
 
 
 
end
 
 
IT IS ABOUT TIME!
(Brelji/EpochTimes)
 

Pennsylvania Supreme Court Ends School Mask Mandate

 
SATURDAY, DEC 11, 2021 – 05:30 PM

Authored by Beth Brelje via The Epoch Times,

The Pennsylvania Supreme Court Friday affirmed a Commonwealth Court decision that said Acting Health Secretary Alison Beam did not have the authority to issue a mask mandate for everyone indoors at schools and childcare centers.

It means, effective immediately, school mask mandates are no longer mandatory, although many schools have a local rule that students who wish to wear a mask may still do so.

The suit was brought by Pennsylvania Senate President Pro Tempore Jake Corman, a Republican who is running for governor. It was filed personally, as a parent, along with other parents, and not as part of a Senate action.

“With today’s ruling, the power for parents and local leaders to make health and safety decisions in our schools is restored,” Corman said in a prepared statement.

“That power comes with an obligation to review the facts and act in the best interests of our communities—which is why legislative leaders sent a letter to Governor Tom Wolf yesterday to reconvene the COVID-19 Vaccine Task Force. I encourage all stakeholders to review the needs and conditions in our communities to make the best choices for our kids.”

Wolf recently announced he would return masking decisions over to local school leaders on Jan. 17, so some were surprised when the state’s Department of Health appealed the Commonwealth Court’s decision and continued fighting for the mandatory mask mandate.

While the state battled in court to keep masks on kids, on Dec. 6, educators gathered without students and appeared unconcerned about masking.

Secretary of Education Noe Ortega announced that Elizabeth Raff, an educator at Penn Manor School District in Lancaster County, was named the 2022 Pennsylvania Teacher of the Year.

The announcement was made during the Standards Aligned System Institute, the Pennsylvania Department of Education’s annual professional development conference. Photographs from the event, provided by the state, show teachers and state employees gathered without social distancing and not wearing masks.

Raff teaches sixth grade English language arts and social studies at Pequea Elementary School. She was chosen from among 12 finalists. She will travel the state, meet and collaborate with other educators, and will represent Pennsylvania in next year’s National Teacher of the Year competition.

end

I am surprised it is this good at 23%. No question about it: Pfizer jab is only 23% effective against Omicrom variant, a South African study finds.

(zerohedge)

Pfizer Jab Is Only 23% Effective Against Omicron, South African Study Finds

 
SATURDAY, DEC 11, 2021 – 07:00 PM

A few days ago, researchers in South Africa shared data from a preliminary study showing that the Pfizer vaccine is less effective at blocking the omicron variant than earlier variants like beta and delta. Now, the team is telling us exactly how much less effective the vaccine is.

According to the same data gleaned from the blood plasma taken from 12 patients who tested positive for omicron, the team found that a two-shot course of Pfizer’s vaccine has just 22.5% efficacy against symptomatic infection with the omicron variant, though it can thwart severe disease, according to laboratory experiments in South Africa, according to Bloomberg.

The data comes courtesy of a team of researchers at the Africa Health Research Institute in Durban.

Though data has been pouring out about omicron, and sometimes individual studies reach opposing findings, the general consensus is that omicron will be able to more easily evade protection afforded from the first generation of vaccines – however, the scientists say that people will still be protected against severe disease and death. But it matters less anyway, since any patient – even an unvaccinated one – has less to fear from omicron. The reason being is that it’s believed to cause a more mild, “flu-like” infection. As we’ve said before, when you hear politicians like Joe Biden talking about an omicron takeover as if it were already a certainty (only a couple thousand cases have been confirmed around the world, if that), it’s because they wish it were true.

The same is true for the CEOs of Moderna and Pfizer, who have been out sharing FUD about omicron with the news media on an almost non-stop rotation. They say their companies can have a new batch of vaccines available in 90-100 days. It’s almost as if they’ve been waiting for the opportunity, and if you look back at their comments, it’s clear that they have.

Still, in the US, the CDC has confirmed that only 1 of 43 patients infected with the variant has been hospitalized.

And luckily for both the US, and developing countries that haven’t been able to obtain many vaccines, omicron shouldn’t be more mild. Plus, there are already signs that the current mostly delta driven wave is actually slowing, despite local and national leaders’ carping, followed – in many cases – by tighter restrictions on mask-wearing and (in President Biden’s case) growing pressure for mandatory vaccinations.

The researchers who published this latest data also published some earlier findings about omicron that were of interest to the international community. Of course, their data will be used by Big Pharma (and then governments) to justify mandating boosters.

Fortunately for the public, cases might soon finally drop off, a process that could be aided by an omicron takeover from delta.

One engineer and independent forecaster who has been closely following the pandemic recently shared a model illustrating how cases might actually be already leveling off for good in Gauteng,the South Africa city seen as the epicenter of the omicron wave (even though the first case was reportedly discovered in a patient from neighboring Botswana).

He also projected that the death toll in an omicron-takeover scenario would likely be much, much lower than it would be if delta continued to dominate.

If this all comes to pass, it would be just in time, too, since Jerome Powell has clearly gotten “the tap” that it’s time to hit the gas on unwinding the Fed’s unprecedented monetary experiment as prices surge in a manner that’s reminiscent of the early 1980s.

Around the world, the appetite for extended lockdowns has clearly diminished. How long until the rest of these restrictions are finally abandoned?

end

And the National Guard knows medicine and how to operate medical equipment. Give me a break.

The USA and Canada and Europe are run by morons.

(zerohedge)

Four States Calling In National Guard To Alleviate Healthcare Staffing Crisis

 
SUNDAY, DEC 12, 2021 – 09:55 AM

As hospitals face capacity constraints – including firing thousands of workers who refuse to comply with Biden’s illegal directive and get jabbed – amid a COVID-19 surge, some states have enlisted the National Guard to help staff healthcare facilities, Becker’s Hospital Review reported on December 10.

Indiana

Indianapolis-based Indiana University Health, the state’s largest hospital system, announced Dec. 9 it requested assistance from the National Guard for most of its hospitals (except Riley Children’s Hospital). New daily COVID-19 hospitalizations in Indiana have climbed 47% over the last two weeks, according to data tracked by The New York Times 

“As COVID cases continue to increase and hospitalization of COVID and non-COVID patients reach all-time highs, the demand and strain on IU Health’s team members, nurses and providers has never been greater,” IU Health said in a statement shared with Becker’s, “To best support our team members and patients, IU Health will leverage all available resources and enlist members of Indiana’s National Guard, in conjunction with the Indiana Department of Health, to assist in areas of critical need.”

Six-person National Guard teams with clinical and nonclinical members, will deploy to IU Health hospitals in two-week increments.

Maine

In Maine, Gov. Janet Mills announced Dec. 8 that she activated up to 75 additional members of the state National Guard. She said they would be used in nonclinical support roles to expand capacity at healthcare facilities.

Joel Botler, MD, CMO of Portland-based Maine Medical Center, said in a statement Dec. 8 that the state’s largest hospital at times this week “has had no critical care beds available.” He said the hospital had to close six more operating rooms, in addition to six that were already closed, to free up workers to provide care and create more bed space. About half of surgeries at Maine Medical Center were being rescheduled.

New Hampshire

Seventy National Guard members will be deployed in New Hampshire within the next few weeks to provide nonclinical support at hospitals, The New York Times reported Dec. 9. The newspaper reported that Gov. Chris Sununu also said at a news conference that the Federal Emergency Management Agency was sending a 24-person team to help the facilities.

New York

New York Gov. Kathy Hochul announced this month that 120 National Guard troops would be deployed to overburdened nursing homes.

New York officials also announced Dec. 6 that the state would require 32 hospitals with limited capacity to halt nonurgent procedures as COVID-19 cases increase in the state. The state defined limited capacity as below 10 percent staffed bed capacity, or as determined by the health department based on regional and healthcare utilization factors.

New daily COVID-19 hospitalizations in the state have climbed 33 percent over the last two weeks, according to data tracked by The New York Times

 

end

After the courts stopped Biden’s vaccine mandate, now Mega corporations on their own are rushing to abandon the Vax Mandate.

(McAdams/Ron Paul Institute)

Panic? US Mega-Corporations Rush To Abandon Vax Mandate

 
SUNDAY, DEC 12, 2021 – 07:30 PM

Authored by Daniel McAdams via The Ron Paul Institute,

This week’s nationwide annihilation of Biden’s Federal Contractor vaccine mandate at the hands Georgia Federal Judge R. Stan Baker has resulted in a landslide retreat of cowardly mega-corporations from their so-confident bullying of American workers.

Biden’s illegal gamble, the nationwide Federal contractor vaccine mandate, has like his previous Medicare mandate and OSHA if-you-have-100-workers-mandatory-vax mandate been ripped to shreds early on in the courts.

Biden’s mandates have always been a bullying gamble, an admission that they knew they were engaging in illegal acts but that they would continue to use the not-insignificant weapons of the executive branch to blast as much harm as possible until the courts stepped in and noted the obvious: “You can’t do this!”

Cynics – and I sympathize – will say that the courts could have ruled either way so don’t get too excited.

That’s the lesson of the past two years: There is nothing below us as we look down. It takes our breath away. We now understand that our civilization has been built on a pile of sand and any determined entity could tunnel under us as we are distracted by the human necessities of providing for our families and living our finite lives as best as possible.

This horrible reality cannot be unseen.

Previously we viewed our rulers – from dog catcher to president – as malevolent but for the most part at a distance. We never thought they would reach out with their gradually but steadily-acquired iron fist and squeeze the oxygen from our lungs: “Take a shot or starve!”

The Hungarians in early 1918 similarly were shocked that living somewhat silently among them were aliens who would activate themselves at the exact most fertile moment and literally up-end their somnambulant state, imposing “mandates” on their society that included mobile gallows – a crude earlier form of the forced vax.

With the welcome disintegration of this evil government decree – via Judge Baker’s ruling that the contractor mandate is illegal – one by one the mega-corporations also see their position as shifting to the untenable. They are bailing out as fast as possible.

Some 83,000 Florida healthcare workers no longer face being kicked to the street by US government-sponsored terrorism, until this week dutifully enforced by the “free market” prostitutes in bed with the state.

As hero Alex Berenson has reported Thursday, mega corporations in the US are also suddenly looking under themselves and finding that they are alone. No more government guns aimed at the powerless…at least for the time being.

General Electric, 3M, Verizon, and Oracle have in the past day or so hedged their bets and snuck out of bed with the US government: no more vax requirements! We are talking about a large group of people no longer bound by the brotherhood of the needle.

We are winning this for now and should pause to drink it in.

But at the same time we must also look at what has rotted in our civilization that would allow such a force to upend us, to unleash this iron fist once hidden in a velvet glove. Life will never be the same knowing what these people have done to us. They must never be allowed to forget it.

end

A good one:

Rand Paul: Vaccine Zealots “Won’t Be Happy Until They Get Your Newborn”

 
MONDAY, DEC 13, 2021 – 09:10 AM

Authored by Steve Watson via Summit News,

Appearing on Hannity Friday night, Senator Rand Paul noted that COVID vaccine pushers are becoming more militant in their demands and efforts to force as many people as possible to take jabs.

“You know, these people won’t be happy until they get your newborn,” Paul urged.

“I mean, they really want to get your newborn inoculated before they leave the hospital. They’re going to restrict certain things. You know, they’re not going to dispense schooling. But they’re also going to try to get them before they leave the hospital. I think it’s outrageous and ignores the science,” the Senator emphasised.

Paul continued, “It’s all based on this misreading of the science that says we haven’t been vaccinating enough and that we’re under-vaccinated.”

“The truth from the CDC is quite the opposite. Over age 75, 97% of people have voluntarily chosen to be vaccinated. Between ages 64 and 75, 99% of people have been vaccinated,” Paul further explained.

“So we are voluntarily accepting this,” Paul continued, adding “Most people at high risk have been vaccinated. This is a disease of the elderly, not of children.”

Commenting on Anthony Fauci spearheading the medical tyranny, Paul noted “he’s not obeying science. He’s sort of granting his impulse to authoritarianism. His default position is always, how can I control people? How can I regulate people?”

The Senator added that Fauci would be apoplectic with the Paul family Christmas plans.

“I can tell you — he’s not going to be too happy with the Paul family Christmas. We have 57 for Christmas, no vaccine passport. The only requirement is that you have read and understand the Constitution,” the Senator quipped.

Watch:https://www.zerohedge.com/covid-19/rand-paul-vaccine-zealots-wont-be-happy-until-they-get-your-newborn

 

Brand new merch now available! Get it at https://www.pjwshop.com/

In the age of mass Silicon Valley censorship It is crucial that we stay in touch. We need you to sign up for our free newsletter here. Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, we urgently need your financial support here.

END

Dr. says he was fired for trying to treat COVID 19 patients with ivermectin

(EpochTimes)

Doctor Says He Was Fired for Trying to Treat COVID-19 Patients With Ivermectin

 
 
 
 
Doctor Says He Was Fired for Trying to Treat COVID-19 Patients With Ivermectin

 

By Jack Phillips
The Epoch Times, New York
Sunday, December 12, 2021

https://www.theepochtimes.com/mkt_morningbrief/doctor-says-he-was-fired-for-trying-to-treat-covid-19-patients-with-ivermectin_4153096.html

A Mississippi doctor said he was fired for attempting to treat COVID-19 patients with ivermectin, which is approved by the Food and Drug Administration (FDA) to treat parasites, although the hospital in question said he was not an employee but instead was an independent contractor.

Dr. John Witcher, an emergency room physician at the Baptist Memorial Hospital in Yazoo City, said was “told not to come back” after taking several COVID-19 patients off Remdesivir, which is approved by the FDA to treat the virus, and allowed them to use ivermectin.

“I was very surprised that I was basically told to not come back at the end of the day,” Witcher said on the Stew Peters podcast. “These patients were under my direct care, and so I felt like taking them off Remdesivir and putting them on ivermectin was the right thing to do at the time.”

Baptist Memorial told news outlets that Witcher “no longer practices medicine as an independent physician” at the Yazoo City facility, adding that he was an independent contractor, not an employee at the facility.

The hospital system said that it follows “the standards of care recommended by the scientific community and our medical team in the prevention and treatment of COVID-19” such as vaccines and monoclonal antibody treatments.

But Witcher said that he was working at the Baptist Memorial emergency room when three new COVID-19 patients arrived on Dec. 10. They were prescribed Remdesivir, but Witcher said that he has concerns about the drug.

“I was there at the hospital for three days straight in the ER and so I felt like this would be a good opportunity to try ivermectin on these inpatient patients that I had been following very closely and just see how well it worked,” Witcher remarked.

The hospital couldn’t prescribe ivermectin, he said, adding that he had to call a local pharmacy. The pharmacy, Witcher said, then delivered the drug to the hospital and switched their prescriptions from Remdesivir to ivermectin.

However, according to Witcher, Baptist Memorial severed ties with him before he could administer the ivermectin.

“There’s a first time for everything, but I wouldn’t say it was experimental,” he said. “There’s been plenty of evidence with patients right here in Mississippi that have taken ivermectin, and they’ve done well.”

There have been reports of severe COVID-19 cases recovering from the disease after taking ivermectin, a relatively inexpensive drug compared to Remdesivir. A lawyer for the family of a 71-year-old man, Son Ng, told The Epoch Times earlier this month that Ng’s life was “most definitely” saved by taking ivermectin “because his condition changed right immediately after” he took the drug.

Baptist Memorial didn’t immediately respond to a request for comment.

 

iii) important USA economic stories

The real figures for the USA if you include house prices is 11%. John Williams is stating that the real inflation if we used numbers from 1983 is 15%

(Carson)

On Inflation: Friday’s 7% Increase In Consumer Prices Is 11% When House Prices Are Added

 
SUNDAY, DEC 12, 2021 – 11:30 AM

By Joseph Carson, former chief economist at AllianceBernstein

Consumer prices rose 0.8% in November, pushing the increase in the last 12-months to nearly 7%. That represents the most significant increase since 1982. But in reality, the current inflation rate is much higher than what is reported and above that of 1982.

The shelter component of the CPI, which has the most significant weight, increased 3.8% in the past year. That compares to a 7% to 9% increase at the highest point in 1982. But that is not an apples-to-apples comparison.

In 1982, the CPI shelter component included house prices for owners’ housing costs. But nowadays, the shelter component for owner’s housing is based on a non-market rent index. House prices are up close t0 20% in the past year versus a 3.5% increase in owners’ rent.

Adjusting today’s shelter measure for the rise in house prices and removing the owner’s index would result in a significant boost to the reported inflation rate. Based on my calculation, todays’ inflation rate would top 11%.

Bill Ackman agrees

 

end

Really good commentary from Dr Lacalle on inflation, what causes it and how it effects growth

(Dr Lacalle)

Defending Monetary Sanity Against Inflationist Attacks

 
MONDAY, DEC 13, 2021 – 10:44 AM

Authored by Daniel Lacalle,

Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits.

“This isn’t about inflation, this is about price gouging for these guys”.

It is simply incorrect.

No, corporations have not doubled their profits, and rising prices are not due to the evil doings of businesses. If evil corporations are to blame for rising prices in 2021, as Elizabeth Warren says, I imagine that they were magnanimous and generous corporations when there was low or no inflation, right?

Inflation is the tax of the poor.

It destroys the purchasing power of wages and engulfs the little savings that workers accumulate. The rich can protect themselves by investing in real assets, real estate and financial, the poor cannot.

Inflation is not a coincidence, it is a policy.

The middle class and the salaried workers not only do not see the advantages of inflation, but they also lose in real wages and also in their future prospects. Robert J. Barro’s study in more than 100 countries shows that an average 10% increase in inflation during one year reduces growth by 0.2-0.3% and investment from 0.4% to 0.6 % in the next year. The problem is that the damage is entrenched. Even if the impact on GDP is apparently small, the negative effect on both growth and investment remains for several years.

Despite the message from central banks, which repeat that inflation has temporary components and is fundamentally transitory, we cannot forget:

Inflation will not go down in 2022 according to central banks, inflation will go up less in 2022 than in 2021. It is not the same.

When some agents speak of “transitory” inflation, they mean that it will rise less in 2022 than in 2021, not that prices will fall.

“Transitory inflation” is 6% in 2021, 3% in 2022 and 2.5% in 2023. That is, more than a 12% increase in three years. How many of you are going to see their wages and earnings rise 12% in three years?

The great beneficiary of inflation is the Government, and Ms Warren knows it, that is why she defends inflationary monetary and fiscal policies. On the one hand, receipts from the monetary taxes of captive economic agents increases (VAT, personal income tax, corporate, indirect taxes) and on the other hand the government’s accumulated debt is partially ‘devalued’. But public accounts do not improve because GDP slows down, the structural deficit remains high and, therefore, absolute debt does not fall.

How many of you are going to raise their salary 12% in three years?

Deficit-spending governments see real expenditures go up and the structural deficit does not fall.

Wages and pensions do not rise with inflation. Almost no one will see a 12% rise in three years in their work compensation. Real median wages in the United States have plummeted due to inflation, according to St Louis Fed data.

Inflation is not the CPI (consumer price index). Inflation is the loss of purchasing power of the currency that leads to a persistent rise in most prices regardless of their sector, demand, supply or nature, and is a direct consequence of the wrongly-called expansionary monetary policy. Inflation is a direct cause of currency debasement.

CPI is a basic basket calculated with estimated weights between goods and services. In it there are prices of non-replicable basic products that rise much more than the average and that we consume every day (food, energy) and the basket is moderated with services and goods that we do not consume every day (technology, leisure,…).

Prices do not rise in tandem at a 2% to 5% because of a coordinated decision from all businesses in all sectors. It is a monetary phenomenon.

The good thing for the most interventionist politician is that the Government is the most benefited by the rise in prices but it can blame others and, on top of that, present itself as a solution by giving a payment in increasingly-useless paper currency.

The history of monetary interventionism is always the same:

  • Say that a nonexistent “risk of deflation” must be fought: Print.

  • Say that there is no inflation even if risky assets, real estate and the prices of non-replicable goods rise more than the CPI. Print more.

  • Say that inflation is due to the base effect. Print more.

  • Say that inflation is transitory. Print more.

  • Blame businesses and companies. Print more.

  • Blame consumers for “hoarding”. Print more.

  • Crisis

  • Repeat.

The monetary factor is key to understanding the continued rise in almost all prices at the same time. An enormous monetary stimulus destined in its entirety to massive current spending plans, infrastructure, construction and remodeling, energy-intensive sectors, and checks to families financed with debt monetized by the central banks.

To this we must add the effect of the shutdown of a just-in-time economy during the pandemic, which generates some bottlenecks exacerbated by massive money supply growth.

Much of what they sell us as “supply chain disruption” or input cost effects is nothing more than more money directed at relatively scarce assets. More amount of currency directed to the same number of goods.

Professor John B. Hearn explains it: “Stephanie Kelton, a prominent advocate of MMT, stated that “all inflations for the last 100 years are cost push inflations” Both MMT and Keynesians require an explanation of inflation, for their theories to progress, that can explain how inflation occurs when there is deficient aggregate demand in the economy. As much as we want to believe that oil prices, energy prices, wage rises and falling currency values can cause inflation it is just not logical. By definition all inflations are defined by more units of money used in the same number of transactions. All of the above can change relative prices, but none of them can increase the number of units of money in the economy. There is therefore only one cause of inflation and that is the action of a Central Bank who, in a modern economy, manage the stock and flow of money in that economy”.

Indeed, a good or service can rise in price due to a temporary effect, but not a generalized increase in the vast majority of prices. When they try to convince us that inflation does not have a monetary cause, they make us look at a good or service that has risen, for example, by 50% temporarily, but they hide us that the median of essential goods and services rises more than the CPI every year. That is why Keynesian economists always talk about the annual CPI and not the accumulated one. Can you imagine if you read that inflation in the eurozone at the time we were told that ‘there is no inflation’ was 45%?

Professor Batten in an article published by the St. Louis Federal Reserve explains: “The cost-push argument views inflation as the result of continually rising costs of production — costs that rise
unilaterally, independent of market forces. Such an hypothesis (1) confuses changes in relative prices with inflation, a continuously rising overall level of prices, and (2) neglects the role that the money supply plays in the determination of the overall price level. The idea that greedy businesses and/or labor unions can cause a continual rise in prices cannot be supported by either the conceptual development or the empirical evidence provided. Alternatively, the hypothesis that inflation is caused by excessive money growth is well supported”.

Why was there no inflation a few years ago?

  • First, there was. Massive inflation in risky assets, but also constant inflation in real estate prices, costs of essential and non-replicable goods and services. And a large number of countries in the world have been suffering inflation due to the destruction of the purchasing power of the currency in that period we were told there was “no inflation”.

  • Second, the increase in money supply in the eurozone or the United States was less than the demand for credit and currency in aggregate terms since they are global reserve currencies with global demand. Although the money supply increased a lot, it did not translate immediately into prices domestically. Excess of money supply remained in the financial system, thanks to the inflationary brake mechanism that quantitative easing has, which is the real demand for credit.

Inflation has been unleashed when the credit demand brake mechanism has been partially eliminated, directing new money supply to direct current spending by governments and financing subsidies to economic agents in the midst of a forced shutdown of the economy. Supply of money supply far exceeds demand for the first time in years.

According to Morgan Stanley, the biggest impact on companies is the collapse in margins of those who cannot pass the increase in costs to their prices and this especially affects SMEs, while large companies can manage inflation better, but profits do not double… In fact, margins tend to fall.

There is a paradox whereby many businesses see their sales rise but their margins and profits fall. That is why bankruptcies and foreclosures have skyrocketed.

The impact of inflation is especially negative on the most disadvantaged citizens, who have a basket where energy and food weigh much more.

The UN food price index has soared to a decade-high and is up 47% since June 2020, while natural gas is up 300%, oil 60%. Industrial businesses also suffer margin declines with aluminum rising 36% and copper 20% in 2021.

The problem is that this situation can generate a significant problem for the vast majority of the population. That is why it is so urgent that central banks stop the monetary madness and normalize monetary policy. If the monetary excess is maintained with the excuse of “transitory inflation “we will find ourselves with a problem that took many decades to control: persistent inflation and the risk of stagflation (inflation with economic stagnation).

Those of us who work in the financial sector cannot fall into the perverse incentive of defending inflationism just to scratch another rise in risky assets. Our obligation is to defend monetary sanity and economic progress, not to encourage bubbles. Let’s attack inflationism before it attacks us all.

 iii)b USA inflation commentaries//LOG JAMS//

Manhattan rents jump the most on record 

(zerohedge)

Manhattan Rents Jump Most On Record Despite Dismal Back-To-Office Return

 
FRIDAY, DEC 10, 2021 – 08:00 PM

Even though the Omicron variant scare has slowed the back-to-office return across Manhattan, demand for apartments in the borough is booming.

According to a new Miller Samuel Inc. and brokerage Douglas Elliman Real Estate report, median rent skyrocketed 23% in November compared with the same period last year to $3,369. The increase was the most on record as people are returning to the city for the nightlife, not necessarily back to the office. 

November’s increase was the largest in a decade of Miller Samuel Inc. and brokerage Douglas Elliman Real Estate’s housing data, though median rent remains 3.8% below pre-pandemic levels. 

Apartments are in high demand even as Kastle’s “Back to Work Barometer” for the metro area shows only 31% of office workers are back. This suggests that people are still working from home but want to be in the city as they miss cultural institutions, restaurants, bars, and nightlife. 

“They just want to get back into the city — they’ve been away long enough,” Hal Gavzie, executive manager of leasing for Douglas Elliman, told Bloomberg. “There’s a kind of fatigue with being out of Manhattan and missing it.”

Last month, upscale apartments in doorman buildings accounted for the most significant rent surge. The median rent jumped 27% from a year earlier to $4,108, above the November 2019 median of $4,016. Apartments without door attendants were in low demand. There was no reasoning why upscale apartments with helping staff were in high demand. One suggestion is the safety of the building as the metro area experiences a surge in violent crime under progressive leadership. 

Meanwhile, on the commercial side of the market, retail rents plunged across Manhattan in October. An enormous glut of commercial restate, such as storefronts and office space, remain unleased. 

More than a year ago, we noted NYC’s road to recovery would lag the rest of the country as the downturn could last until 2023.

 

end

Kelloggs now planning to permanently replace those 1400 striking workers with new applicants

(Stieber/EpochTimes)

Kellogg Plans To Permanently Replace 1,400 Striking Workers

 
SATURDAY, DEC 11, 2021 – 04:30 PM

Authored by Zachary Stieber via The Epoch Times,

Kellogg plans to permanently replace some 1,400 workers who have been striking since October, the company announced this week.

Kellogg and the Bakery, Confectionery, Tobacco Workers, and Grain Millers International Union failed to reach a new contract agreement, leading to the planned change.

“We have made every effort to reach a fair agreement, including making six offers to the union throughout negotiations, all which have included wage and benefits increases for every employee. It appears the union created unrealistic expectations for our employees,” Chris Hood, president of Kellogg North America, said in a recent statement.

The prolonged work stoppage has left us no choice but to hire permanent replacement employees in positions vacated by striking workers. These are great jobs and posting for permanent positions helps us find qualified people to fill them. While certainly not the result we had hoped for, we must take the necessary steps to ensure business continuity. We have an obligation to our customers and consumers to continue to provide the cereals that they know and love,” he added.

The strike started because of disputes over pay, benefits, and the prospect of more jobs being moved to Mexico. Workers are striking at factories in four states: Michigan, Nebraska, Pennsylvania, and Tennessee.

The union said workers “overwhelmingly voted to reject the tentative agreement” and that the strike would continue.

Striking Kellogg’s workers stand outside the company’s cereal plant in Omaha, Neb., on Dec. 2, 2021. (Josh Funk/AP Photo)

Just days earlier, Kellogg said a tentative deal was reached, but that workers would have to vote to approve it.

The plan to replace the striking workers permanently drew criticism from President Joe Biden, who called himself “deeply troubled” by it.

“Permanently replacing striking workers is an existential attack on the union and its members’ jobs and livelihoods. I strongly support legislation that would ban that practice,” he said on Friday.

Rep. Andy Levin (D-Mich.) also offered support for the workers, writing on Twitter, “If we seek to be a democratic society with broadly shared prosperity, workers must be free to organize and bargain—and, yes, strike—without fear of losing their jobs.”

Democrats and several Republicans want to pass a bill called the Protecting the Right to Organize Act, which would strengthen penalties for employers that violate workers’ rights and enhance workers’ ability to boycott and strike.

For example, the bill would amend the National Labor Relations Act and make it an unfair labor practice to permanently replace an employee who participates in a strike.

end

Dems are now scrambling as they have reached an impasse over the child tax credit set to expire on Dec 15/

(zerohedge)

Dems Panic Over ‘Build Back Better’ Impasse As Child Tax Credit Set To Expire

 
SUNDAY, DEC 12, 2021 – 02:00 PM

Democrats hoping to pass their Build Back Better social spending and climate package by the end of the year are beginning to panic, as continued disagreements with party moderates Sen. Joe Manchin and Kyrsten Sinema threaten to leave more than 35 million families without monthly payments of up to $300 per child starting December 15th.

“We are not going to have a lapse in payments. That’s too important,” said Sen. Sherrod Brown (D-OH).

Yet, what Brown can’t control is whether Manchin and Sinema will sign off on the massive $1.9 trillion social spending package, which Manchin has repeatedly suggested hitting the brakes on until inflation is under control. He has also previously suggested work requirements and lower income limits for the expanded child tax credit.

Manchin also says that a lapse in the CDC could be made up for at a later date.

“I’ve never seen a situation where we weren’t able to make up whatever you thought time would be lost.”

Votes from Manchin and Sinema are critical, as Senate Democrats use an arcane process known as budget reconciliation – which requires a simple majority of 51 votes – to circumvent the filibuster. This means that all Senate Democrats will need to back the legislation or it will fail, as The Hill notes.

The US Treasury and IRS in July began sending out monthly advance child tax credit payments of up to $250 for each child ages 6 to 17, and up to $300 for each child under age 6, subject to reductions as incomes rise.

Biden’s social spending package includes a one-year extension of the expanded credit program.

And according to Senate Finance Committee Chairman Ron Wyden (D-OR), the IRS says that Congress needs to pass the package by Dec. 28 in order to continue uninterrupted payments on January 15.

“We’ve got to work very hard and move quickly because of some of the logistical challenges that the IRS has in terms of the process, and I’m committed to getting it done,” said Wyden. “I’m pulling out all the stops to make sure that there is no interruption.”

Perhaps one of the stops includes a standalone bill?

“Could you get 10 Republican votes for it? I don’t know the answer to that,” said Sen. Tim Kaine (D-VA) of the prospect of a standalone – which would obviously need to pass via reconciliation as well.

Democrats view the monthly child tax credit payments as a key way to help low- and middle-income families afford key household expenses.

Our view is that the child tax credit is a really important, basic support for families and that we should extend it,” National Economic Council Director Brian Deese said during Thursday’s White House press briefing. “And we should extend it because it’s doing what we hoped it would do, which is dramatically reduce child poverty in America, dramatically reduce poverty in America, and give families some breathing room in a very strong but uncertain recovery.” 

Additionally, a lapse in the monthly payments could pose a political risk for Democrats ahead of the midterm elections. -The Hill

According to Ethan Winter, lead pollster for the Fighting Chance for Families coalition which seeks to make the CTC permanent, “If you allow the benefits to lapse, I do think this would present a political liability for the Democratic Party.

end

iv) Swamp commentaries/

 

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

 

end

 
Let us wrap up the week as always with this offering courtesy of Greg Hunter with Gerald Celente
 
 

2022 Trends, Predictions, Collapse, Covid & Wars – Gerald Celente

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Gerald Celente, a renowned trends researcher, is back this time to talk about what he is sees coming in 2022.  There is the never ending Covid, Vax Wars, military wars, economic upheaval, and even new predictions on the future of Donald Trump, Hillary Clinton and Ron DeSantis.  We start with what needs to be done to defeat the tyranny of the vax war on the global population.  Celente says, “Vax War,’ look at the protests going on in Austria.  Look at the protests going on in Germany, Italy, in France and the UK. . . . The only way this war will be won is if people unify under one umbrella and don’t leave.”

On the economy, Celente warns, “How about that bankster, that Fed Head Powell?  He said inflation was going to be ‘temporary.’  Oh no, it’s going to be ‘transitory.’  They were shooting out that BS one after another, and we said from the beginning, inflation is real and it’s going to keep going.  Guess what?  It’s not the supply chains–it’s all the cheap money they keep dumping into the system to artificially prop it up.”

Celente predicts, “The Fed is going to have to raise interest rates,” to stop what he is calling 1980’s style inflation. And he warns, “The higher interest rates go up, the further the economy is going to go down, and that’s what they are not talking about.”

Celente says get ready for what he is calling “Dragflation.”  Meaning, the economy is going to drag lower as inflation surges higher.  Celente also predicts that if the Fed Funds Interest Rate, which is now at .25%, “goes to 1.5%, the entire economy could collapse.”

Celente is predicting new political parties that are anti-immigration and anti-establishment to form next year.  Celente also gives what his assessment of Donald J. Trump, Hillary Clinton and Ron DeSantis are for the year 2022 and beyond.

Celente also makes a bold prediction on the so-called CV19 mandates that should make the unvaxed feel more secure.

On the prospects of war, Celente is not worried about China and Russia, at this point, but is watching Turkey, Iran and Israel for conflicts in 2022.  Celente will explain why.

Celente also talks about the U.S. dollar, gold, silver, Bitcoin and residential and commercial real estate.

The negative effects of vaccines are going to stay in the news, but Celente expects the mainstream media (MSM) to do everything possible to cover up the deaths and injuries caused by the CV19 injections.  Will the numbers be overpowering to the MSM?

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the top trends researcher on the planet, Gerald Celente.  Celente will take a look into 2022 and tell us what he is seeing and publishing in “The Trends Journal. “ (12.11.21)

(There is much more in the 1 hour interview.)

2022 Trends, Predictions, Collapse, Covid & Wars – Gerald Celente

 
 
Well that is all for today
 
 
 
 

I will see you TUESDAY

DAY night.

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