GOLD:$1797.00 UP 33.05 The quote is London spot price

Silver:$22.45 UP 91 CENTS London spot price ( cash market)

4:30 closing price

Gold $1776.50 silver: $22.07

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

PLATINUM $940.30 UP $19.25

PALLADIUM: $1732.05 UP $129.75/OZ

END

Editorial of The New York Sun | February 1, 2021

end

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COMEX DETAILS//NOTICES FILED

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

receiving today 500/530

Goldman Sachs stopped: 0

NUMBER OF NOTICES FILED TODAY FOR DEC. CONTRACT: 500 NOTICE(S) FOR 50,000 OZ (1.555 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR THIS MONTH: 33,899 FOR 3,382,900 OZ (105.44 TONNES)

SILVER//DEC CONTRACT

60 NOTICE(S) FILED TODAY FOR 3,000,000 OZ/

total number of notices filed so far this month 8510 : for 42,550,000 oz

BITCOIN MORNING QUOTE $48,765 UP 2442

BITCOIN AFTERNOON QUOTE.:48,100 UP 1780

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

GLD

WITH GOLD UP $33.05 AND NO PHYSICAL TO BE FOUND ANYWHERE:

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.04 TONNES

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 977,20 TONNES OF GOLD//

GLD CLOSING PRICE: $168.16. UP $2.01 OR 1.21%

Silver//SLV

AND WITH NO SILVER AROUND TODAY: WITH SILVER UP 91 CENTS

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3,33 MILLION

OZ FROM THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 538.282 MILLION OZ

SLV closing price NYSE 20.79 up .38 OR 1.86%

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A VERY STRONG 2754 CONTRACTS TO 145,138, AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020.. DESPITE THE $0.38 LOSS IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.38) BUT WERE QUITE UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS AS WE HAD ANOTHER STRONG GAIN OF 3806 CONTRACTS ON OUR TWO EXCHANGES .

WE MUST HAVE HAD:
I) HUGE BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/. II)WE ALSO HAD SOME 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 10,000 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 –27

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC 16 ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC:

TOTAL CONTACTS for 12 days, total contracts: 13,884 or …average per day: 1157 contracts or 5.785 million oz per day.

TOTAL NO OF OZ UNDERGOING EFP TO LONDON: 69.420 MILLION OZ.

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

DEC: # OF MILLION PAPER OZ HAVE MORPHED OVER TO LONDON: 69.420 MILLION OZ

LAST 7 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZ:

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: MILLION OZ 140.120

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 2754 DESPITE OUR 38 CENT LOSS SILVER PRICING AT THE COMEX// WEDNESDAY THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1025 CONTRACTS( 1025 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 SHORT COVERING 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 10,000 OZ E.F.P. JUMP TO LONDON .. WE HAD STRONG SIZED GAIN OF 3779 OI CONTRACTS ON THE TWO EXCHANGES

WE HAD 60 NOTICES FILED TODAY FOR 3,000,000 OZ

GOLD//OUTINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A SMALL SIZED 260 CONTRACTS TO 503,969 ,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. 1916 CONTRACTS.

THE SMALL SIZED INCREASE IN COMEX OI CAME DESPITE OUR LOSS IN PRICE OF $7.85//COMEX GOLD TRING/WEDNESDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED A GOOD SIZED 3806 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 22,200OZ//, NEW STANDING 105.726 TONNES

YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $7.80 WITH RESPECT TO WEDNESDAY’S TRADING

WE HAD A FAIR SIZED 2059 OI CONTRACTS (6.404 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 1799 CONTRACTS:

FOR FEB 1799 ALL OTHER MONTHS ZERO//TOTAL: 1799

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 503,969. 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 2059 CONTRACTS 260 CONTRACTS INCREASED AT THE COMEX AND 1799 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2059 CONTRACTS OR 6.404 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1799) ACCOMPANYING THE SMALL SIZED GAIN IN COMEX OI (260 OI): TOTAL GAIN IN THE TWO EXCHANGE 2059 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 22,200 OZ TO LONDON////NEW STANDING OF 105.726 TONNES//. 3)ZERO LONG LIQUIDATION,4) SMALL SIZED COMEX OI GAIN 5) FAIR 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 : 33,390, CONTRACTS OR 3,339,0000 oz OR 103.85TONNES (12 TRADING DAY(S) AND THUS AVERAGING: 2782 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 12 TRADING DAY(S) IN TONNES: 103.85 TONNES

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

THUS EFP TRANSFERS REPRESENTS 103.85/3550 x 100% TONNES 2.90% 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. 103,85 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 2754 CONTRACTS TO 145,165 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 1025 CONTRACTS

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

MAR 1025 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1025 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 2754CONTRACTS AND ADD TO THE 1025 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A VERY STRONG SIZED GAIN OF 3779 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 18.895 MILLION OZ, OCCURRED WITH OUR $0.38 LOSS 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

THURSDAY MORNING/WEDNESDAY NIGHT:

SHANGHAI CLOSED UP 28.79 PTS OR 0.75% //Hang Sang CLOSED UP 54.74 PTS OR 0.23% /The Nikkei closed UP 606.60 PTS OR 2.13% //Australia’s all ordinaires CLOSED DOWN 0.23%

/Chinese yuan (ONSHORE) closed DOWN 6.3678 /Oil UP TO 71.19 dollars per barrel for WTI and UP TO 74.18 for Brent. Stocks in Europe OPENED ALL GREEN // ONSHORE YUAN CLOSED DOWN AT 6.3678 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3758: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%i) 3 a./NORTH KOREA/ SOUTH KOREA

A)NORTH KOREA//USA/OUTLINE

b) REPORT ON JAPAN

OUTLINE

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 260 CONTRACTS AND CLOSER TO 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 DESPITE OUR LOSS OF $7.80 IN GOLD PRICING WEDNESDAY’S COMEX TRADING.WE ALSO HAD A FAIR EFP ISSUANCE (1799 CONTRACTS). . 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.

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 1799 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 1799 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1799 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 2059 TOTAL CONTRACTS IN THAT 1799 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A SMALL GAIN COMEX OI OF 260 CONTRACTS..

// WE HADEA STRONG AMOUNT OF GOLD TONNAGE STANDING FOR DEC (105.726),

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 TONNES

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $7.80)

BUT THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 6.404 TONNES,ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR DEC (105.726 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 – 1916 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 2059 CONTRACTS OR 205900 OZ OR 6.404 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: 503,969 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 50.39 MILLION OZ/32,150 OZ PER TONNE = 15.67 TONNES

THE COMEX OPEN INTEREST REPRESENTS 15.67/2200 OR 71.24% OF ANNUAL GLOBAL PRODUCTION OF GOLD

Trading Volumes on the COMEX GOLD TODAY 164,664 contracts// ///volume poor////

CONFIRMED COMEX VOL. FOR YESTERDAY: 166,196 contracts// quite poor

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

DEC 16 COMEX INVENTORY MOVEMENTS//AMOUNTS STANDING

For today:

No dealer deposit

No customer account deposit:

We had two customer withdrawals:

i) Out of Brinks: 33,051.220 oz (1028 kilobars)

ii) Out of Manfra: 9,163.035 oz

total customer withdrawal. 42,214.255 oz

We had 3 kilobar transactions 3 out of 3 transactions)

ADJUSTMENTS 1 DEALER TO CUSTOMER: BRINKS//

32,794.02 OZ (1020 KILOBARS)

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DECEMBER.

For the front month of DECEMBER we have an oi 692 stand for December. for a GAIN of 221contracts. We had 1 notice filed on WEDNESDAY so we GAINED 222 contracts or an additional. 22,200 oz will stand for delivery in this very active delivery month of December. JANUARY GAINED 408 CONTRACTS TO STAND AT 2732FEBRUARY LOST 952 CONTRACTS TO 389,899

We had 530 notice(s) filed today for 53000 ozFOR THE DEC 2021 CONTRACT MONTH
Today, 1 notice(s) were issued from J.P.Morgan dealer account and 499 notices were issued from their client or customer account. The total of all issuance by all participants equates to 500 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 499 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 (33,830) x 100 oz , to which we add the difference between the open interest for the front month of (DEC: 692 CONTRACTS ) minus the number of notices served upon today 530 x 100 oz per contract equals 3,382,900, OZ OR 105.726 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 (33,830) x 100 oz+ (692) OI for the front month minus the number of notices served upon today (530} x 100 oz} which equals 3,382,900 oz standing OR 105.726 TONNES in this active delivery month of DEC.

This is a huge delivery for December.

We GAINED 222 contracts or an additional 22,200 oz WILL STAND FOR GOLD OVER HERE

TOTAL COMEX GOLD STANDING: 105.726 TONNES

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

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

CALCULATION OF GOLD THAT CAN SETTLE UPON LONGS:

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 456.43 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS 105.726 tonnes

TOTAL GOLD COMEX REGISTERED: 17,804.844.987 OZ (553.80 TONNES)

CALCULATION OF TOTAL REGISTERED GOLD THAT CAN BE SERVED UPON

ELIGIBLE GOLD: 16,273.558.691. (506.175 TONNES)

PLEDGED GOLD: 1,599,178.906 OZ. (49.74 TONNES

NET PHYSICAL GOLD THAT CAN SERVED UPON FOR DELIVERY.

(REG.GOLD – PLEDGED GOLD). 14,674,380.000 (456.43 TONNES)

TOTAL ELIGIBLE GOLD+ REGISTERED GOLD 34,078,403.675 OZ (1059.98 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

SILVER COMEX DEC 16/2021

And now for the wild silver comex results

We had 1 deposit into the dealer

i)Into the dealer Manfra: 290,661.810 oz

total dealer deposits: 290,661.810 oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 2 deposits into customer account (ELIGIBLE ACCOUNT)i).

Into Delaware: 30,584.329 oz

Into JPMorgan: 595,288.000 oz

JPMorgan now has 182.933 million oz silver inventory or 51.65% of all official comex silver. (182.933 million/354.121 million

total customer deposits today 625,877.329 oz

we had 3 withdrawals

i) Out ofBrinks: 1954.700 oz

ii) Out of. CNT: 600,485.630 oz

iii) Out of HSBC: 250,262.130 oz

total withdrawal 852,702.460 oz

adjustments: 0

Total dealer(registered) silver: 94.008 million oz

total registered and eligible silver: 354.121million oz leaves the comex silver vaults.

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silver open interest data:

Total oi for the silver complex: 145,165 contracts

FRONT MONTH OF DEC OI: 615 CONTRACTS

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 8510 CONTRACTS FOR 42,550,000 OZ

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

For the front month of DECEMBER we have an amount of silver standing AT 615 CONTRACTS for a LOSS of 2 contracts. We had 0 notices filed on WEDNESDAY, so we LOST 2 contracts or an additional 10,000 oz will NOT stand for delivery in this very active delivery month of December

JANUARY GAINED 176 CONTRACTS TO STAND AT 2211

FEBRUARY LOST 5 CONTRACTS TO STAND AT 42 NO. OF NOTICES FILED: 60 FOR 3,000,000 OZ.

To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at 8510 x 5,000 oz =42,550,000 oz

to which we add the difference between the open interest for the front month of DEC (615) and the number of notices served upon today 60 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the DEC./2021 contract month: 8510 (notices served so far) x 5000 oz + OI for front month of DEC (615) – number of notices served upon today (60) x 5000 oz of silver standing for the DEC contract month .equals 45,325,000 oz. .

We LOST 2 contracts or AN ADDITIONAL 10,000 oz will NOT stand for delivery on this side of the pond.

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

silver comex volumes:

TODAY’S ESTIMATED SILVER VOLUME 53,907 CONTRACTS // volume awful;

FOR YESTERDAY 67,461 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

GLD AND SILVER INVENTORY

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

DEC 16/WITH GOLD UP $33.05TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.4 TONNES FROM THE GLD////INVENTORY REST AT: 977.20 TONNES

DEC15/WITH GOLD DOWN $7.80 TODAY/ A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.04 TONNES FROM THE GLD////INVENTORY RESTS AT 980.60 TONNES.

DEC 14/WITH GOLD DOWN $18.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64 TONNES

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//INVENTORY 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 16 / GLD INVENTORY 977.20 tonnes

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

DEC 16/WITH SILVER UP 91 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 3.33 MILLION OZ FROM THE SLV//INVENTORY REST AT 538.282 MILLION OZ

DEC 15WITH SILVER DOWN 38 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 2.48 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 541.612 MILLION OZ

DEC 14/WITH SILVER DOWN 38 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.092 MILLION OZ

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 14/2021 SLV INVENTORY RESTS TONIGHT AT 541.612 MILLION OZ

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

A GOOD COMMENTARY AS TO WHAT HAPPENED YESTERDAY WITH RESPECT TO POWELL’S ANNOUNCEMENT

PETER SCHIFF

Peter Schiff: A Dove Doesn’t Change Its Feathers

THURSDAY, DEC 16, 2021 – 12:00 PM

Via SchiffGold.com,

The Federal Reserve is set to launch its war on inflation. But it looks like it’s carrying a pea-shooter to a gunfight.

Or as Peter Schiff put it, a dove can’t change its feathers.

The final FOMC meeting of the year wrapped up with rates still set at zero. But the Fed announced it will speed up tapering its asset purchase program. It will double the pace of the taper with the central bank buying $60 billion in bonds beginning in January. That would be down from $120 billion a month in bond purchases at the quantitative easing peak. At that pace, the taper should be complete by March 2022.

Once the Fed wraps up its asset purchase program, it will begin raising interest rates. The FOMC released a new “dot-plot” projecting three rates hikes of 25 basis points next year, three in 2023 and two more in 2024. That would push rates to around 2%.

The Fed bankers expressed concern about sizzling hot inflation. There was no mention of the word “transitory.” But the committee members continue to skirt their own responsibility for rising prices, instead, blaming them on pandemic-related issues.

“Supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to elevated levels of inflation,” the FOMC statement said.

During his post-meeting press conference, Powell said he expects inflation to begin coming down toward the back-end of next year, but conceded that’s not a certainty.

We can’t act as though that’s a certainty, and we’re not going to act as though that’s a certainty. There’s a real risk now, we believe, I believe, that inflation may be more persistent, and that may be putting inflation expectations under pressure, and that the risk of higher inflation becoming entrenched has increased. It’s certainly increased.”

So, what is the Fed going to do about it? It appears, not much.

These moves by the Fed amount to little more than spitting into the wind when it comes to taking on inflation. As Mike Maharrey wrote after the November data came out showing the Producer Price Index rose at the fastest rate ever, this is a runaway inflation freight train that the Fed won’t stop.

In order to truly take on inflation, the central bank needs to push interest rates at least as high as the inflation rate. Even using the government’s cooked CPI numbers that understate inflation, that would mean taking rates to at least 7%.

The plan is to push them to 2% — in three years.

You can do the math.

The Fed also needs to shrink the money supply. It does this by shrinking its balance sheet. The central bank isn’t even talking about this, at least not publicly. When asked about actually shrinking the $8.7 trillion balance sheet, chairman Jerome Powell set a cautious tone saying it’s “best to take a careful, methodical approach,” noting that “markets can be sensitive” about it.

There has been a lot of anticipation of the Fed moving against inflation. But in his podcast, Peter pointed out that if the central bank was really serious about fighting inflation, it would have started the war long ago.

If the Fed was ever going to get serious, they would have already done so. The evidence was overwhelming that we had an inflation problem a year or two ago, and the Fed did nothing.”

Instead, the Fed made an all-or-nothing bet on “transitory.”

First Jerome Powell denied there was any inflation on the horizon. Then he pivoted to “don’t worry, it’s just transitory.” Now, he’s finally admitted that it’s not transitory. But the policy moves announced by the Fed will prove feckless in the face of this inflation wave.

Peter raised an important question.

The Fed has gotten everything wrong when it comes to inflation. So, why does the market still believe the Fed is going to get it right when it comes to fighting inflation? It’s going to be just as wrong in its fight against inflation as it was in its forecast regarding inflation.”

Peter said that if the Fed was really serious about fighting inflation, it would just end quantitative easing immediately instead of tapering it over time.

If you’ve got a fire, just stop pouring gasoline on it. Don’t just gradually pour on less. Just stop.”

In practice, the Fed is barely altering the “tightening” policy it announced when inflation was still supposedly just “transitory. It’s going to wrap up the taper 2 months earlier and raise rates a little quicker.

Now, all of a sudden, inflation is a problem, yet we have the same approach? We’re still going to taper QE instead of going cold turkey? And we’re still going to have these quarter-point rate hikes, maybe just one extra rate hike in 2022? How is that going to do anything about the severity of the inflation problem we have right now? It’s not.”

When you really step back and look at Powell’s posture coming out of this FOMC meeting, you got the same old dove.

Although this dove is still talking about fighting inflation. But if you actually listen to what he’s saying, what is his battle plan for this war against inflation — again, it’s pretty much the same battle plan he had when there was no inflation. So, how can this be serious?”

Listen to Peter’s podcast for more analysis of the Fed meeting, along with the November retail sales numbers, the debt ceiling hike and how history will judge Jerome Powell.

end

LAWRIE WILLIAM//,//Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,James RICKARDS

ii) Important gold commentaries courtesy of GATA/Chris Powell

CRAIG HEMKE …..

Craig Hemke at Sprott Money: After the Fed

Submitted by admin on Wed, 2021-12-15 22:18 Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Wednesday, December 15, 2021

As I type this on Wednesday morning, there’s really no sense in discussing other news or datapoints today, as everything is meaningless ahead of the Federal Open Market Committee — which should stop you in your tracks when you consider how Fed-dependent EVERYTHING has become.

The news doesn’t matter anymore. All that matters is the anticipated Fed reaction to said news. Could “the markets” be any more broken?

So what is expected today? Anything and nothing. How about these scenarios? …

… For the remainder of the analysis:

https://www.sprottmoney.com/blog/After-the-Fed-Craig-Hemke-December-15-2021

end

Real rates will stay negative, Turk tells King World News

Submitted by admin on Thu, 2021-12-16 13:28 Section: Daily Dispatches

1:25p ET Thursday, December 16, 2021

Dear Friend of GATA and Gold:

In comments to King World News, GoldMoney founder and GATA consultant James Turk ridicules as merely nominal the efforts to curb inflation that are being made by the Federal Reserve, European Central Bank, and Bank of England. These efforts, Turk says, won’t come close to turning negative real interest rates positive.

Turk’s comments at KWN can be found here:»

end

OTHER COMMODITIES/LUMBER

END CRYPTOCURRENCIES/

END

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

1.Chinese yuan vs usa dollar/CLOSED DOWN 6.3678

//OFFSHORE YUAN 6.3758 /shanghai bourse CLOSED UP 28.79 PTS OR 0.75%

HANG SANG CLOSED UP 54.74 PTS OR 0.23%

2. Nikkei closed UP 606.60 PTS OR 2.13%

3. Europe stocks ALL GREEN

USA dollar INDEX DOWN TO 96;04/Euro RISES TO 1.1336-

3b Japan 10 YR bond yield: RISES TO. +.045/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 114.17/ 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:: 71.19 and Brent: 74.18-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.324%/Italian 10 Yr bond yield RISES to 0.99% /SPAIN 10 YR BOND YIELD RISES TO 0.39%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.31: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.24

3k Gold at $1787.30 silver at: 21.81 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 3/100 in roubles/dollar) 73.72

3m oil into the 69 dollar handle for WTI and 72 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 114.17 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 .9229 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0459 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year RISING to –0.324%

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 1.469% early this morning. Thirty year rate at 1.887%

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

6. TURKISH LIRA: UP TO 15.49.. EXTREMELY DEADLY

“Santa Rally Is Finally Here”: Futures Hit All Time High Day After Powell Goes Full Jean-Claude Trichet

THURSDAY, DEC 16, 2021 – 08:29 AM

One day before what everyone knew would be a hawkish pivot by the Fed, the mood was dour with tech names tumbling and futures hanging one for dear life. One day after, Jerome Powell confirmed he would go full Jean-Claude Trichet as the Fed would not only turbo-taper into a sharply slowing economy, ending its QE program by March but then proceed with hiking rates as many as 3 times in 2022 (more than the 2 hike consensus), with the BOE shocking markets moments ago with a surprise rate hike and even the ECB trimming its turbo QE, and futures are…. at all time highs. That’s right – eminis are higher by 140 points in 24 hours because the Fed was more hawkish than consensus expected. At 8:00 a.m. ET, Dow e-minis were up 215 points, or 0.61%, S&P 500 e-minis were up 27.25 points, or 0.57%, and Nasdaq 100 e-minis were up 100 points, or 0.61%.

Treasury yields jumped alongside European bonds after the BOE became the first major central bank to raise rates since the pandemic, while the dollar fell and the pound jumped. The Euro also hit session highs after the ECB seemed to turn ever so slightly more hawkish as its monthly QE is set to shrink in the coming year.

“The market likes facts it can digest. With the uncertainty now gone, it finds relief,” said Frederik Hildner, a portfolio manager at Salm-Salm & Partner. Gradual rising rates “provides more firepower for the next downturn, as it displays the ability normalize monetary policy.”

On Wednesday, Jerome Powell said the U.S. economy no longer needed increasing amounts of policy support as annual inflation has been running at more than double the central bank’s target in recent months, while the economy nears full employment. Recent readings on surging producer and consumer prices as well as the fast-spreading Omicron variant of the coronavirus have fueled anxiety as the benchmark S&P 500 inches closer to a record high.

“Is the Santa Rally finally here? Markets certainly seem to have a spring in their step… the prospect of three interest rate hikes in 2022 would suggest the central bank has a clear plan to not let inflation get out of control,” Russ Mould, investment director at AJ Bell wrote in a client note.

“Equally, it isn’t being too aggressive to trip up the economy. This sense of balance is exactly what investors want, and an upbeat tone from the Fed certainly seems to have rubbed off on markets” Bell said, clearly goalseeking his narrative to the market’s response as just 24 hours later he would be saying just the opposite when futures were tanking of hawkish Fed fears.

Big tech stocks and banks led gains in premarket trading. Shares in Tesla, Microsoft, Meta and Amazon.com rose between 0.7% and 2.4%, with the lift pushing Apple shares nearer to an historic market value of $3 trillion. Bank stocks including JPMorgan, Morgan Stanley, Bank of America, Wells Fargo and Citigroup all gained between 0.7% and 0.8%. Here are some of the biggest U.S. movers today:

Apple (APPL) and other big U.S. tech stocks rise after the Federal Reserve said that it would speed up its taper, joining in with a broader relief rally across risk assets. Apple shares are up 0.6%, with the stock drawing nearer to an historic market capitalization of $3 trillion. Also Thursday, Goldman Sachs said lead times for Apple’s iPhone have declined in the latest week.
Assertio (ASRT US) shares rise 4% after the company announced the $44 million acquisition of the Otrexup device from Antares Pharma.
Blue Bird (BLBD US) dropped 6% after the school bus-maker provided a weaker-than-expected sales outlook. The company also offered $75m shares at $16/share in a private placement.
Danimer Scientific (DNMR) falls 10% after announcing that it plans to offer $175 million of convertible senior notes.
Delta Air Lines (DAL) is up 2% after saying it expects to report a profit for the fourth quarter, citing a strong demand for travel over the winter holiday period and a decline in jet fuel prices. Other airline stocks are also higher.
DocuSign (DOCU) falls 2% as Morgan Stanley issued a downgrade, saying third-quarter results changed the firm’s view regarding the durability of growth through tough post-pandemic comparables.
Freyr Battery (FREY) gains 14% after executing its inaugural offtake agreement for at least 31 GWh of low-carbon battery cells.
IronNet (IRNT US) slumps 25% after the cybersecurity company’s results fell short of expectations, prompting a Street-low target from Jefferies.
Lennar Corp. (LEN US) declined 6% after it reported a forecast for purchase contracts that was weaker than expected.
Plug Power (PLUG) gains 5% after signing an agreement with Korean electric-vehicle manufacturer Edison Motors to develop an electric city bus powered by hydrogen fuel cells.
Syndax Pharmaceuticals (SNDX) falls 8% after pricing 3.2 million shares at $17.50 each.
Tesla (TSLA) is up 2%, rising with other electric vehicle stocks amid a broader gain in technology stocks and U.S. futures on hopes that the Federal Reserve’s policy tightening will fight high inflation without hampering economic growth.
Wayfair falls 2% after BofA downgraded the stock to underperform, citing weak near-term data and difficult comparisons through the first quarter of 2022 for the online furniture retailer.

European equities rally with Euro Stoxx 50 up as much as 2.1% before drifting off best levels. The U.K.’s exporter-heavy FTSE 100 Index pared some gains after the BOE decision, while European dipped modestly after the European Central Bank’s meeting. Miners, tech and autos are the best performers, utilities and media names lag.

Equities have whipsawed in recent weeks as investors attempted to price in the prospect of rate hikes, while assessing risks from the spread of the omicron variant. The market’s early response to the Fed signals some relief arising from policy clarity, and optimism that the rebound from pandemic lows can weather the pivot away from ultra-loose monetary settings.

“The market is breathing a sigh of relief that the FOMC meeting suggested that it is taking inflation risks in the United States more seriously,” Ann-Katrin Petersen, an investment strategist at Allianz Global Investors, said in an interview with Bloomberg TV. “The question really will be whether the Fed will dare to do even more in order to taper the inflation risk.”

Asian stocks rose, halting a four-day slide, as confidence in Federal Reserve policy allowed investors to take on riskier assets. The MSCI Asia Pacific Index climbed as much as 0.8%, buoyed by energy and technology shares. Japan was Asia’s top performer, aided by a weaker yen. Hong Kong and China stocks eked out gains amid ongoing concern over U.S. sanctions. Australian equities declined for a third day. Asia’s benchmark advanced for the first time this week on hopes the Fed will effectively combat surging prices without choking off economic growth. The U.S. central bank said it will double the pace of its asset tapering program to $30 billion a month and projected three interest-rate increases in 2022. In the run-up to the Fed’s decision, Asia’s equity gauge slumped almost 2% over the past four days, keeping it below the 50-day moving average. The short-term boost to stock market sentiment is from Fed Chair Jerome Powell’s comments about wage inflation not being the main issue for now, and expectations that there’ll be full employment next year, said Ilya Spivak, head of Greater Asia at DailyFX. However, there’s a “meaningful risk” that the Fed’s latest policy stance will trigger liquidation as Asia stock portfolios are de-risked, Spivak said.

Japan’s stocks rose for a second day after the yen weakened and U.S. stocks rallied amid speculation the Federal Reserve will combat surging prices without choking off economic growth. The Topix index climbed 1.5% to close at 2,013.08 in Tokyo, while the Nikkei 225 Stock Average advanced 2.1% to 29,066.32. Keyence Corp. contributed the most to the Topix’s gain, increasing 2.5%. Out of 2,181 shares in the index, 1,674 rose and 421 fell, while 86 were unchanged. “It wouldn’t be strange to see the discount on Japanese equities narrowing following the FOMC meeting results, with market interest centered around electronics, machinery, automakers and marine transportation stocks,” said Takashi Ito, an equity market strategist at Nomura Securities. Electronics firms and automakers helped lift the Topix as the yen headed for a four-day slump against the dollar, with the currency falling 0.1% to 114.19

Australia’s S&P/ASX 200 index fell 0.4% to close at 7,295.70, extending its losing streak to a third day. CSL was the worst performer after the benchmark’s second-biggest company by weighting completed a placement to fund its Vifor acquisition. Mesoblast was the top performer after saying it plans to conduct an additional U.S. Phase 3 trial of rexlemestrocel-L in patients with chronic low back pain. Investors also digested November jobs data. Australian employment soared last month, smashing expectations and pushing the jobless rate lower as virus restrictions eased on the east coast. In New Zealand, the S&P/NZX 50 index fell 0.7% to 12,777.54

In rates, cash USTs bull steepened, bolstered by a large curve steepener that blocked in early London. Bunds are soft at the back end, peripherals slightly wider ahead of today’s ECB meeting. Gilts bear steepen slightly, white pack sonia futures are lower by 2-3.5 ticks.

In FX, the dollar slipped for a second day and oil rose; cable snapped to best levels of the week after the BOE unexpectedly hiked rates. The Bloomberg Dollar Spot Index fell for a second day as the greenback weakened against all its Group-of-10 peers apart from the yen; Tresury yields fell, led by the belly of the curve. Commodity currencies were the best G-10 performers, led by the krone, which reversed an earlier loss after Norway’s central bank raised its interest rate for the second time this year and flagged another increase in March as officials acted to cool the rebounding economy despite renewed coronavirus concerns. The Australian and New Zealand dollars reversed earlier losses amid upbeat stock markets; the Aussie earlier weakened as RBA Governor Lowe hinted at the prospect of no rate hikes next year. The yen fell as the Federal Reserve’s decision reaffirmed yield differentials ahead of the Bank of Japan’s outcome on Friday. Bonds rose after a solid auction. Elsewhere in FX, NOK outperforms in G-10 after Norges Bank rate action, other commodity currencies are similarly well bid.

In commodities, Crude futures hold a narrow range around best levels of the session. WTI is up 1.1% near $71.70, Brent near $74.70. Spot gold grinds higher, adding ~$9 near $1,786/oz. LME copper outperforms in a well-bid base metals complex

To the day ahead now, and the main highlights will be the aforementioned policy decisions from the ECB and the BoE. On the data side, we’ll also get the flash PMIs for December from around the world, the Euro Area trade balance for October, and in the US there’s November data on industrial production, housing starts and building permits, as well as the weekly initial jobless claims. Finally, EU leaders will be meeting for a summit in Brussels.

Market Snapshot

S&P 500 futures up 0.5% to 4,734.25
STOXX Europe 600 up 1.2% to 476.39
MXAP up 0.8% to 193.11
MXAPJ up 0.5% to 623.76
Nikkei up 2.1% to 29,066.32
Topix up 1.5% to 2,013.08
Hang Seng Index up 0.2% to 23,475.50
Shanghai Composite up 0.8% to 3,675.02
Sensex up 0.1% to 57,851.57
Australia S&P/ASX 200 down 0.4% to 7,295.66
Kospi up 0.6% to 3,006.41
Brent Futures up 1.0% to $74.59/bbl
Gold spot up 0.5% to $1,786.03
U.S. Dollar Index down 0.36% to 96.16
German 10Y yield little changed at -0.36%
Euro up 0.2% to $1.1316

Top Overnight News from Bloomberg

The greenback is set for its biggest annual gain in six years and its rally appears to be far from over, market participants say. The prime mover: a hawkish Federal Reserve that’s drawn a roadmap of interest-rate increases over the next three years, while other central banks look much more reticent to withdraw stimulus
The ECB is poised to unveil a gradual withdrawal from extraordinary pandemic stimulus in the face of soaring inflation whose path is further clouded by the omicron coronavirus variant
The “phenomenal pace” at which the new Covid-19 omicron strain is spreading across the U.K. will trigger a surge in hospital admissions over the holiday period, according to Boris Johnson’s top medical adviser
The Swiss National Bank kept both the deposit and the policy rate at -0.75%, as widely predicted by economists. With the global economic recovery on shaky footing due to the omicron variant, President Thomas Jordan and fellow policy makers also reiterated their pledge to supplement subzero rates with currency interventions as needed
France will impose tougher rules on people traveling from the U.K., including a ban on non-essential trips and a requirement to self-isolate, as it tries to slow the spread of the omicron variant
IHS Markit said its index tracking output across the U.K. economy fell to 53.2 this month from 57.6 in November, reflecting weaker-than-expected growth in service industries including hotels, restaurants and travel-related businesses. Business-to-business services stalled
European power prices soared to records after Electricite de France SA said that two nuclear reactors will stop unexpectedly and two will have prolonged halts — just as the continent heads for a cold snap with already depleted gas inventories
Hungary’s central bank increased the effective base interest rate for the fifth time in as many weeks to tackle the fastest inflation since 2007 and shore up the battered forint

A more detailed look at global markets courtesy of Newsquawk

Asian equity markets traded mixed as the region digested the FOMC meeting. The ASX 200 (-0.4%) was negative with heavy losses in the healthcare sector and as COVID infections remained rampant. There were also notable comments from RBA Governor Lowe that the board discussed tapering bond purchases in February and ending it in May or could even end purchases in February if economic progress is better than expected, although it is also open to reviewing bond buying again in May if the data disappoints. The Nikkei 225 (+2.1%) outperformed and reclaimed the 29k level after the Lower House recently passed the record extra budget stimulus and with the latest trade data showing double-digit percentage surges in Imports and Exports, despite the latter slightly missing on expectations. The Hang Seng (+0.2%) and Shanghai Comp. (+0.8%) were varied with Hong Kong pressured by losses in the big tech names amid ongoing frictions between the world’s two largest economies and as US lawmakers proposed a bill to allow the US oversight of China audits, although the mainland was kept afloat amid further speculation of a potential LPR cut this month, as well as reports that China will boost financial support for small businesses and offer more longer-term loans to manufacturers. Finally, 10yr JGBs were indecisive despite the constructive mood in Tokyo and with price action stuck near the 152.00 focal point, while demand was also sidelined amid mixed results at the 20yr JGB auction and as the BoJ kickstarts its two-day meeting.

Top Asian News

Indonesia Reports First Omicron Case in Jakarta Facility
Asia Stocks Snap Four-Day Drop as Traders Take on Risk After Fed
Shimao Group Shares Set for Best Day in Month
Money Manager Vanishes With $313 Million From China Builder

Equities in Europe have taken their cue from the post-FOMC rally seen across Wall Street (Euro Stoxx 50 +1.6%; Stoxx 600 +1.1%) following somewhat mixed APAC trade. As a reminder, markets saw relief with one of the major risk events out of the way, and with Chair Powell refraining from throwing hawkish curveballs. That being said, the forecast does see three rate hikes next year, whilst the Fed Board next year will also be more hawkish – at least within the rotating voters – with George, Mester and Bullard poised to vote from 2022. Nonetheless, US equity future continues grinding higher with all contracts in the green and the RTY (+1.3%) outperforming vs the NQ (+0.7%), ES (+0.6%), and YM (+0.5%). Bourses in Europe also experience broad-based gains with no real outliers, although the upside momentum somewhat waned amid some softer-than-expected PMI metrics ahead of ECB. Sectors in Europe paint a clear pro-cyclical bias. Tech outperforms following a similar sectorial performance seen on Wall Street. Basic Resources and Oil & Gas follow a close second, with Autos and Travel & Leisure also among the biggest gainers. The downside sees Personal & Household Goods, Telecoms and Food & Beverages. Healthcare meanwhile fares better than its defensive peers as Novartis (+4%) is bolstered after commencing a new USD 15bln buyback, highlighting confidence in growth and pipeline. On the flip side, EDF (-12%) shares have slipped after it narrowed FY EBITDA forecasts and highlighted some faults with some nuclear reactors amid corrosion.

Top European News

Britain’s Covid Resurgence Cuts Growth to Slowest Since Lockdown
SNB Says Franc Is Highly Valued as Omicron Clouds Outlook
Norway Delivers Rate Hike That Omicron Had Threatened to Derail
Erdogan Approves Third Capital Boost for State Banks Since 2019

In FX, not much bang for the Buck fits the bill accurately as it is panning out in the FOMC aftermath even though market expectations were matched and arguably exceeded in terms of dot plots showing three hikes in 2022 vs two anticipated by most and only one previously, while the unwinding of asset purchases will occur in double quick time to end in March next year instead of June. However, there appears to be enough in the overall statement, SEP and Fed chair Powell’s post-meeting press conference to offset the initial knee-jerk spike in the Dollar and index that lifted the latter very close to its current y-t-d peak at 96.914 vs 96.938 from November 24. Indeed, the terminal rate was maintained at 2.5%, no decision has been taken about whether to take a break after tapering before tightening, and the recovery in labour market participation has been disappointing to the point that it will now take longer to return to higher levels. In response, or on further reflection, the DXY has recoiled to 96.141 and through the 21 DMA that comes in at 96.238 today.

NZD/AUD/CAD/GBP/EUR/CHF – All on the rebound vs their US counterpart, with the Kiwi back on the 0.6800 handle and also encouraged by NZ GDP contracting less than feared in Q3, while the Aussie is hovering around 0.7200 in wake of a stellar jobs report only partly tempered by dovish remarks from RBA Governor Lowe who is still not in the 2022 hike camp and non-committal about ending QE next February or extending until May. Elsewhere, the Loonie has clawed back a chunk of its losses amidst recovering crude prices to regain 1.2800+ status ahead of Canadian wholesale trade that is buried between a raft of US data and survey releases, Sterling is flirting with 1.3300 in advance of the BoE that is likely to hold fire irrespective of significantly hotter than forecast UK inflation, the Euro is pivoting 1.1300 pre-ECB that is eyed for details of life after the PEPP and the Franc is somewhat mixed post-SNB that maintained rates and a highly valued assessment of the Chf with readiness to intervene as required. Note, Usd/Chf is meandering from 0.9256 to 0.9221 vs Eur/Chf more elevated within a 1.0455-30 band.
JPY – The Yen is underperforming on the eve of the BoJ and looking technically weak to compound its yield and rate disadvantage after Usd/Jpy closed above a key chart level on Wednesday (at 114.03). As such, Fib resistance is now exposed at 114.38 vs the circa 114.25 high, so far, while decent option expiry interest may be influential one way or the other into the NY cut given around 1.3 bn at the 114.25 strike, 1.7 bn at 114.30 and 1.2 bn or so at 114.50.

In commodities, WTI and Brent front-month futures are taking advantage of the risk appetite coupled with the softer Buck. WTI Jan trades on either side of USD 71.50/bbl (vs low USD 71.39/bbl) while Brent Feb sees itself around USD 74.50/bbl (vs low USD 74.28/bbl). Complex-specific news has again been on the quiet end, with prices working off the macro impulses for the time being, and with volumes also light heading into Christmas trade. Elsewhere spot gold and silver ebb higher – in tandem with the Dollar, with the former eyeing a group of DMAs to the upside including the 100 (1,788/oz), 21 (1,789/oz) 200 (1,794/oz) and 50 (1,796/oz). Turning to base metals, LME copper has been catapulted higher amid the risk and weaker Dollar, with prices re-testing USD 9,500/t to the upside. Meanwhile, a Chinese government consultancy has said that China’s steel consumption will dip 0.7% on an annual basis in 2022 amid policies for the real estate market and uncertainties linked to COVID-19 curb demand.

US event calendar

8:30am: Dec. Initial Jobless Claims, est. 200,000, prior 184,000; Continuing Claims, est. 1.94m, prior 1.99m
8:30am: Nov. Housing Starts MoM, est. 3.1%, prior -0.7%
8:30am: Nov. Housing Starts, est. 1.57m, prior 1.52m
8:30am: Nov. Building Permits MoM, est. 0.5%, prior 4.0%, revised 4.2%
8:30am: Nov. Building Permits, est. 1.66m, prior 1.65m, revised 1.65m
8:30am: Dec. Philadelphia Fed Business Outl, est. 29.6, prior 39.0
9:15am: Nov. Manufacturing (SIC) Production, est. 0.7%, prior 1.2%; Industrial Production MoM, est. 0.6%, prior 1.6%
9:45am: Dec. Markit US Manufacturing PMI, est. 58.5, prior 58.3
9:45am: Dec. Markit US Services PMI, est. 58.8, prior 58.0

DB’s Jim Reid concludes the overnight wrap

Yesterday’s biggest story was obviously the Fed. In line with our US economists call (their full recap here), the FOMC doubled the pace of taper to $30bn a month, which would bring an end to QE in mid-March. The new dot plot showed three rate hikes in 2022, up from the Committee being split over one hike in September. Farther out, the median dot had 3 additional hikes in 2023 and 2 hikes in 2024, bringing fed funds just below their estimate of the longer-term rate. Notably, all 18 Committee members have liftoff occurring next year, and 10 have 3 hikes penciled in, suggesting consensus behind the recent hawkish turn was strong. Short-end market pricing increased in line and now has around 2.9 hikes priced for 2022. The first hike is fully priced for the June meeting, but notably, meetings as early as March are priced as live, more on that in a bit.

In the statement, the Committee admitted that inflation had exceeded target for some time (dropping ‘transitory’ completely), and that liftoff would be tied to the economy reaching full employment. By the sounds of the press conference, progress toward full employment has proceeded pretty rapidly. Chair Powell noted that while labour force participation progress has been disappointing, almost every other measure of labour market strength shows a very strong labour market, and could create upside risks to inflation should wage growth start to increase beyond productivity. It is within that context that he framed the decision to taper faster, it will leave the Fed in a position to react as needed, providing optionality. In that vein, he stressed a few times that the lag between the end of taper and liftoff need not be as long as it was in the last cycle, and that the Fed will raise rates after taper is done whenever needed, hence meetings as early as March being live.

Notably on Omicron, the Chair, like the rest of us, recognises we don’t know much about the variant yet, but seemed optimistic about the economy’s ability to withstand subsequent Covid shocks, regardless of Omicron’s specifics. While Covid shocks can tighten supply chains, discourage labour participation, and reduce demand, as more people get vaccinated those impacts should dwindle over time, so his argument went. Hammering the point home, he sounded confident that the economy can handle whatever Omicron brings without any additional QE, justifying the accelerated taper path despite Covid risks.

The hawkish turn had been well forecast through Fed speakers since the last meeting, not least of which the Chair himself during Congressional testimony, which served to dull the market impact. Treasury yields were slightly higher, (2yr Tsys +0.6bps and 10yr Tsys +1.5 bps) but were quite docile for an FOMC afternoon. The dollar initially strengthened on the statement release before reversing course and ending the day -0.24% lower. Stocks were the real outperformers, as the S&P 500 rallied through the FOMC events, gaining +1.63%, the best daily performance in two months, while the Nasdaq increased +2.15%. The Russell 2000 matched the S&P, gaining +1.65%. Obviously the market was anticipating the change in policy, but if doubling taper and adding three rate hikes in the next year isn’t enough to tighten financial conditions, what is? The Chair was asked about that in so many words in the press conference, where he responded by noting financial conditions could change on a dime. Indeed, they will have to tighten from historically easy levels if the Fed is to bring inflation back to target through policy.

The Fed may be out of the way now, but the central bank excitement continues today as both the ECB and the BoE announce their own policy decisions later on. We’ll start with the ECB, who like the Fed have faced much higher than expected inflation lately, with the November flash estimate coming in at +4.9%, which is the highest since the formation of the single currency. Whilst Omicron has cast a shadow of uncertainty, with Commission President von der Leyen saying yesterday that it was likely to become dominant in Europe by mid-January, our European economics team doesn’t think there has been anything concrete enough to alter the ECB from their course (like the Fed). In our European economists’ preview (link here) they write the ECB appears on track to initiate a transition to a monetary policy stance based more on policy rates and rates guidance and less on liquidity provision. The ECB is set to confirm that PEPP net purchases will end in March, but will cushion the blow by working flexibility into the post-PEPP asset purchase arrangement. They are also set to make the policy framework more flexible to better respond to inflation uncertainties.

One thing to keep an eye out for in particular will be the latest inflation projections, with a report from Bloomberg suggesting that they’ll show inflation beneath the 2% target in both 2023 and 2024. So if that’s true, that could offer a route to arguing against a tightening of monetary policy for the time being, since the ECB’s forward guidance has been that it won’t raise rates until it sees inflation at the target “durably for the rest of the projection horizon”.

Today’s other big decision comes from the BoE, where our UK economist is expecting that there’ll be a 15bps increase in Bank Rate, taking it up to 0.25% although they suggest it’s a very close call. See here for the rationale. Ahead of that decision later on, we received a very strong UK inflation print for November, with CPI rising to +5.1% (vs. +4.8% expected), up from +4.2% in October and the fastest pace in a decade. That’s running ahead of the BoE’s own staff forecasts in the November Monetary Policy Report, which had seen inflation at just +4.5% that month, so six-tenths beneath the realised figure. We’ll get their decision at 12:00 London time, 45 minutes ahead of the ECB’s.

In terms of the latest on the Omicron variant, there are continued signs of concern in South Africa, with cases coming in at a record 26,976 yesterday, whilst the number in hospital at 7,339 is up +73% compared to a week ago. Meanwhile the UK recorded their highest number of cases since the pandemic began, at 78,610. England’s Chief Medical Officer, Chris Whitty, said that a lot of Covid records would be broken in the coming weeks, and also that a majority of cases in London were now from the Omicron variant. Separately, the French government is set to hold a meeting tomorrow on Covid measures, and EU leaders will be discussing the pandemic at their summit today.

When it comes to Omicron’s economic impact, we could see some light shed on that today as the December flash PMIs are released from around the world. Overnight we’ve already had the numbers out of Australia and Japan where hints of a slowdown are apparent. Japan’s Manufacturing PMI came out at 54.2 (54.5 previous) and the Composite at 51.8 (53.3 previous) while Australia’s Manufacturing and Composite came in at 57.4 and 54.9 respectively (59.2 and 55.7 previous).

Overnight in Asia stocks are trading mostly higher led by the Nikkei (+1.78%) followed by the Shanghai Composite (+0.28%), and KOSPI (+0.22%). However the CSI (-0.07%) and Hang Seng (-0.81%) are losing ground on concerns of US sanctions on Chinese tech companies. In Australia, the November employment report registered a strong beat by adding 366.1k jobs against 200k consensus. This is being reflected in a +12.75 bps surge in Australia’s 3y bond. Elsewhere, in India wholesale inflation for November rose +14.2% year on year, levels last seen in 2000 against a consensus of +11.98% on the back of higher food and input prices. DM futures are indicating a positive start to markets today with S&P 500 (+0.19%) and DAX (+1.04%) contracts both higher as we type.

Ahead of the Fed, European markets had put in a fairly steady performance yesterday, with the STOXX 600 up +0.26%. That brought an end to a run of 5 successive declines, with technology stocks in particular seeing an outperformance. Sovereign bond markets were also subdued ahead of the ECB and BoE meetings later, with yields on 10yr bunds (+0.9bps), OATs (+0.5bps) and gilts (+1.2bps) only seeing modest moves higher.

In DC, despite optimistic sounding talks earlier in the week, the latest yesterday was President Biden and Senator Manchin remained far apart on the administration’s build back better bill, imperiling its chances of passing before Christmas. Elsewhere, reports suggested the President would have more nominations for the remaining Fed Board vacancies this week.

Looking at yesterday’s other data, US retail sales underwhelmed in November with growth of just +0.3% (vs. +0.8% expected), and measure excluding gas and motor vehicles was also up just +0.2% (vs. +0.8% expected). Also the NAHB’s housing market index for December moved up to a 10-month high of 84, in line with expectations.

3A/ASIAN AFFAIRS

) THURSDAY MORNING/WEDNESDAY NIGHT:

SHANGHAI CLOSED UP 28.79 PTS OR 0.75% //Hang Sang CLOSED UP 54.74 PTS OR 0.23% /The Nikkei closed UP 606.60 PTS OR 2.13% //Australia’s all ordinaires CLOSED DOWN 0.23%/Chinese yuan (ONSHORE) closed DOWN 6.3678 /Oil UP TO 71.19 dollars per barrel for WTI and UP TO 74.18 for Brent. Stocks in Europe OPENED ALL GREEN // ONSHORE YUAN CLOSED DOWN AT 6.3678 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3758: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

///SOUTH KOREA/COVID

HONG KONG/COVID/VACCINE MANDATE

3B CHINA

Both China and Russia are closer than ever in their joint cooperation to counter USA interference. You will recall that both of these nations are purchasing and hoarding gold

(zerohedge)

‘Closer Than Allies’: Xi & Putin Hail China-Russia Cooperation To Counter US “Interference”

WEDNESDAY, DEC 15, 2021 – 09:20 PM

Just before Wednesday’s Putin-Xi virtual summit, the Kremlin described that the meeting among allies is essential as at this moment “We see very, very aggressive rhetoric on the NATO and US side, and this requires discussion between us and the Chinese.” China’s Foreign Ministry had said the meeting would “further enhance the high-level mutual trust between the two sides.”

As expected, both leaders emphasized the need to resist “interference” in their countries’ internal affairs from the West and in particular the United States. “A new model of cooperation has been formed between our countries, based among other things on such principles as not interfering in internal affairs [of each other], respect for each other’s interests, determination to turn the shared border into a belt of eternal peace and good neighborliness,” Putin told his Chinese counterpart.

In the discussion which lasted from 4:07 p.m. to 5:21 p.m. Beijing time, Xi responded by affirming that the Russian president “strongly supported China’s efforts to protect key national interests and firmly opposed attempts to drive a wedge between our countries.” Bloomberg characterized the tone of the meeting as between two leaders that are ‘closer than allies’: “Chinese President Xi Jinping hailed relations with Russia as better than an alliance in a video call with President Vladimir Putin, according to the Kremlin, as the two leaders made a show of solidarity amid rising tensions with the West.”Image source: TASS

Calling Putin “an old friend,” Xi described relations with Russia as going beyond that of traditional allies and partners, saying, “Such a figurative expression very accurately reflects the essence of what is happening now in relations between our two countries.” He said the Russian president had “firmly supported China in defending its core interests and opposed attempts to divide China and Russia,” according to state broadcaster CCTV.

The summit comes a week after the Biden-Putin virtual summit, wherein the Russian leader pressed for dialogue to put in place a plan for legal guarantees that NATO would not expand further eastward near Russia’s border. On Wednesday China’s Xi declared formal support for this central security concern of Russia’s:

Putin won support from Xi for his push to obtain binding security guarantees for Russia from the West, a Kremlin official said, according to Reuters.
Russia wants the United States and NATO to guarantee the military alliance will not expand further eastward or deploy weapons systems in Ukraine and other countries on Russia’s border.

Just the day prior to what were previously unannounced talks, the Kremlin cited increasingly hostile and aggressive rhetoric coming from the West over the Ukraine issue. Washington has accused Russia of a threatening build-up of forces near Ukraine’s eastern border and the restive Donbass region, while Moscow has charged Kiev with sending its army to the region with the tacit approval of Western allies.

Also on the agenda included growing US action and alliances in the Asia-Pacific region, for example the Taiwan issue, as well as “the formation of the AUKUS partnership with Australia and the UK” which Xi described as a threat which “undermines the foundations of nuclear non-proliferation in the region,” as related by Bloomberg.

Xi further hailed China-Russia relations as “a true model of interstate cooperation for the 21st century” – describing that “The close coordination between Russia and China on the international arena, the responsible joint approach to solving urgent global issues, have become a stabilizing factor in international affairs.”

Once rivals and enemies in the 20th century, then ‘frenemies’, and now increasingly cooperative and strategic allies – Russia and China over time seem to have forged an unlikely alliance on the mere basis being target of Washington sanctions and human rights rhetoric. Presidents Xi and Putin have met well over 30 times since 2013.

The two leaders will next meet in person as they participate in the the opening ceremony of the 2022 Winter Olympics. Amid the US diplomatic boycott of the games hosted in Beijing, TASS wrote that “Putin also stressed that Moscow and Beijing have consistently supported each other over international sports cooperation, including the non-acceptance of any attempts to politicize sports or the Olympic movement.”

end

4/EUROPEAN AFFAIRS

UK
The British pound spikes higher after the Bank of England unveils a surprise rate hike(zerohedge)

Cable Spikes After Bank Of England Unveils Surprise Rate-Hike

THURSDAY, DEC 16, 2021 – 07:10 AM

Following The Fed’s hawkish comments yesterday, the Bank of England has unleashed what it calls “modest tightening” in monetary policy with inflation fears appearing to trump omicron anxiety.

By an 8 to 1 vote, the bank voted to raise its benchmark interest rate by 15bps to 0.25% (only Silvana Tenreyro voted against a hike, preferring to maintain Bank Rate at 0.1%). Additionally, by a 9-0 vote, maintained its bond-buying target.

The outcome was the second surprise in a row after November’s decision to stay on hold wrong-footed financial markets. Markets are now pricing in 30bps more hikes by Feb 2022…

Traders were pricing in around a 40% chance of a rate-hike and so this surprising move (hiking rates while still buying bonds) sent cable higher…

And gilt yields are spiking…

Policy makers said more “modest” tightening is likely to be needed as inflation heads toward a peak likely to be around 6% in April.

Meanwhile, the bank actually revised down their GDP forecasts for 2021 4Q by around 0.5% since the November Report (likely due to Omicron concerns).

By moving now, the BOE heeded a warning this week from the International Monetary Fund, which cautioned against policy inaction on inflation.

end

UK/COVID/VACCINE UPDATES
UK suffers a record jump in COVID cases despite the nation being heavily vaccinated. We are witnessing in the UK vaccine injuries plus the proliferation of the Delta virus. Vaccinated people have little immunity to fight the Delta or the common cold
(zerohedge)

UK Suffers Record Jump In Daily COVID Cases As EU Warns Pandemic Could Last 2-3 More Years

THURSDAY, DEC 16, 2021 – 05:45 AM

Across the UK, medical experts have been warning that the omicron variant is on track to outmuscle the delta strain by Christmas. But the latest round of models created by the European Union and European Economic Area are warning that the “community based” spread of omicron will almost certainly dominate the British Isles by early 2022.

“We therefore assess the probability of further spread of the Omicron variant in the EU/EEA as VERY HIGH,” the EU/EEA said.

While omicron is believed to have first reached the UK via travel (although HMG is already scrapping its controversial “red list” mandating lengthy quarantines for travelers from high risk countries), few experts doubt that the variant has already spread wide enough in the UK to make it endemic. As we said, while omicron VOC cases initially reported in the EU/EEA were linked to travel, an increasing number of cases are now recorded as having been acquired within the EU/EEA, including as parts of clusters and outbreaks.

And as the fearmongery escalates, the UK’s health authorities reported 78,610 new COVID cases on Wednesday, compared with 59,610 a day earlier. This new number is the highest daily count of new cases since the pandemic began.

BUT, deaths (and hospitalizations) remain extremely muted for now…

However, do not stop being terrified as England’s Chief Medical Officer, Chris Whitty, warned that Omicron “is a really serious threat,” adding that “all the things we know about it are bad.” (which isn’t exactly true since the South African doctors have repeatedly said that while it is more transmissible, its is notably less aggressive with most having mild symptoms or completely asymptomatic).

Whitty went on to warn that a “substantial number” will be hospitalized and he expects the pace of hospitalizations to rise post-Christmas.

The European Center for Disease and Control ended with a dire warning: that is, the organization doesn’t expect the pandemic to end any time soon. In fact, we’re not even half way through the ordeal, it warned – forecasting another 2 or perhaps 3 years for the pandemic to run wild before finally disappearing – or rather becoming endemic in the human population.

The UK Health and Security Agency estimated earlier this week that the number of daily Omicron infections was about 200K, according to Jenny Harries, chief executive of the UKHSA. They also warned that the spread of the omicron variant was “probably the most significant threat we’ve had since the start of the pandemic.”

All of this creates new complications for British PM Boris Johnson, which adds another wild card for the UK economy as political uncertainty rears its ugly head again.

Yesterday evening, 98 Tory MPs voted against Boris Johnson’s plans to introduce COVID vaccine passes. This is a huge Tory rebellion, with only 20 fewer rebels than his predecessor May had over her proposed way out of the Brexit conundrum. In 2019 this eventually triggered a leadership crisis. A loss in tomorrow’s by-election in North Shropshire may strengthen the criticism around Johnson. The underlying irony, per the BBC, is that BoJo may have lost his parliamentary authority on one of his more sensible proposals – that is, doing more to protect Britons from omicron.

end

The British left in opposition to BoJo has seized the moment and now are against vaccine mandates stating that they are anti worker and repressive

(Glen Greenwald/Greenwald.substack.com)

Greenwald: Corbyn Leads British Left In Opposition To Vaccine Mandates As Anti-Worker And Repressive

THURSDAY, DEC 16, 2021 – 03:30 AM

Authored by Glenn Greenwald via greenwald.substack.com,

The shorthand label “anti-vax” once had a clear and concise meaning: namely, those who reject the prevailing western scientific orthodoxy that vaccines are a safe and effective means of protecting humans against infectious diseases by training the immune system to combat a pathogen in advance. As vaccines become more prevalent against an increasingly wide range of diseases — measles, mumps, polio, chickenpox — a dissenting political and scientific movement has emerged which rejects the scientific premises of vaccines and attempts to persuade others not to vaccinate themselves or their children on the ground that they are ineffective, dangerous and/or motivated by corporate profit rather than legitimate concerns about public health.Former UK Labour Party Leader and current independent MP Jeremy Corbyn argues against vaccine mandates for health care workers and vaccine passports for all citizens, Dec. 13, 2021

But exactly as we have seen with so many other political labels — terrorist, racist, fascist, white nationalist, anti-Semite — this once-descriptive, precise and useful phrase has metamorphized far beyond its original meaning into something barely recognizable or cogent. That transformation has been deliberate, with a clear motive: to weaponize the term into a potent political insult designed to compel submission to decrees from institutions of authority and stigmatize dissenters, threatening them with reputation destruction. The rapid expansion of the term “anti-vax” into a coercive political weapon has been years in the making, but the COVID pandemic was the steroid it needed to blossom into one of the most reputation-crippling labels one can affix to a political target.

Just as is true of accusing people of being terrorists, white nationalists, fascists or anti-Semites not because one espouses views traditionally designated by those terms but as punishment for any sort of dissent, the destructive power of the COVID iteration of “anti-vax” resides precisely in its vagueness, its lack of precise contours, its emptiness and meaninglessness. A term that means nothing can, by definition and by design, encompass anyone and everyone depending solely on the needs of the moment.

The utter obliteration of any coherent definition is evidenced by the fact that one can now be labelled “anti-vax” even though one a) believes in the foundational science of vaccines, b) is themselves vaccinated for COVID and makes the decision that one’s children will be as well, and c) states publicly that they have chosen to be vaccinated.

How is it possible to pull off such a seemingly inane and internally contradictory attack: namely, malign people who have taken the vaccine and publicized their choice to do so as “anti-vax”? This is accomplished by twisting and distorting the term “anti-vax” away from its scientific meaning (“one who rejects the efficacy of vaccines”) into a term of political disobedience. Thus, the operational definition of the term has become: one who questions any of the decrees of public health authorities on any matters or who believes that adult citizens should retain the choice to decide for themselves whether to be vaccinated. In other words, the term “anti-vax” now means nothing other than: one who questions any policies adopted by state officials in the name of fighting COVID.

Unfortunately for the liberal-left which has constructed this manipulative and coercive framework, this now requires that the term “anti-vax” be applied to one of the international left’s most beloved political figures: former Labour Leader Jeremy Corbyn. They must also now apply this term of shame to the most admired left-wing members of the British Parliament along with leading trade unions in the UK. That is because the British Left — not just Corbyn and leftist MPs but also leading labor unions — have united to emphatically oppose vaccine mandates and vaccines passports on the ground that 1) it is immoral and profoundly anti-worker to fire health care front-line workers and other workers for refusing a vaccine they have not been convinced is safe and effective, and 2) persuasion is a far more effective and ethical means of administering public health policy than coercion, dictate and punishment.

On Tuesday night, the UK Parliament approved a proposal by conservative Prime Minister Boris Johnson to require proof of COVID vaccines — a COVID passport — to enter any venues with large crowds such as nightclubs and stadiums. The vote was 369 to 126. But the opposition was composed of a mix of populist right-wing Tories and the anti-establishment left-wing members of Labour and other leftist parties. Close to one hundred conservatives, and more than 20 leftist Labour members (along with Corbyn, now technically an “independent” after being expelled by his successor, Labour Leader Sir Keir Starmer), voted against Johnson’s vaccine passport law.Vote breakdown in UK Parliament on vote to require proof of vaccines to enter large venues, Dec. 15, 2021

A similar vote, and similar breakdown, emerged on a separate bill from Prime Minister Johnson to require workers of the UK’s National Health Service (NHS) to be vaccinated or be fired. The vote in favor of that vaccine mandate bill was 385-100.

Conservative opposition to these two bills was — despite being advocated by the Tory Prime Minister — unsurprising. Their rationale was similar to right-wing opposition to such COVID-era coercive measures around the democratic world. Tory opponents depicted such mandates as an infringement of individual liberty as well as unnecessary, in light of the UK’s vaccination rates for all adults, which exceeds 70%, and is at least on par with most other western European countries.

But what is particularly notable — and most definitely out of the ordinary when it comes to Western politics — is the steadfast opposition to vaccine mandates and passports from the British left. Labour unions have adamantly denounced the threat of termination for employees who refuse the vaccine as “anti-worker” and a violation of the autonomy of workers. They have argued that it is particularly cruel to threaten health care workers — the same people the world has been applauding for their brave work on the front-line of the pandemic — with loss of their job for their belief that vaccination is not the right choice for them and their family.

In October, for instance, the BDA Trade Union announced what it called “a clear and definitive position in opposition to any attempts to make the take-up of the vaccination mandatory.” While the union encouraged its members to be vaccinated, they argued that firing employees who refused would be illegal: “Mandatory vaccination could potentially discriminate against staff with protected characteristics as contained in the Equality Act 2010” based on race, age, disability, sex and religious belief. The British trade union UNITE, which represents more than 100,000 health care workers, has similarly and repeatedly opposed such mandates, with its leader saying in October: “Unite strongly opposes forcing any health and social care workers to have a vaccine or risk sacrificing their job. Encouragement, not compulsion, is the advice of the World Health Organisation (WHO) for the very good reason that such an approach is shown to work.”

Corbyn has spent weeks echoing the views of labour unions. On Tuesday afternoon, the leftist icon announced his opposition to both vaccine mandate and passport bills:

In an interview he gave on Monday to LBC, the radio call-in network, Corbyn was adamant that mandating vaccines was a completely unjustified intrusion into the right of individuals to decide for themselves what to do with their own bodies. Citing the sacred right of bodily autonomy, he added that other, less intrusive measures — such as requiring testing for entrance to nursing homes and other places where “vulnerable populations” were found — was a far more reasonable and balanced approach to COVID:

Other prominent British leftists have been similarly steadfast about the injustice of vaccine mandates and passports. The Corbyn-supporting MP Zarah Sultana, who represents the Coventry South constituency in Parliament, published a lengthy statement on Tuesday saying she “shares concerns by human rights organizations such as Liberty on COVID passes, with fears that they are ineffective and will lead to to the further marginalization of minority groups.” MP Sultana also cited the opposition of British trade unions to such mandates, arguing that they “will be counterproductive, entrenching vaccine hesitancy, and may worsen staff shortages” (despite this ringing opposition, Sultana apparently lacked the courage to defy party leadership as she failed to vote on the bill to require passports).

But perhaps the most stirring opposition was expressed by left-wing MP Rachael Maskell, a former shadow minister under Corbyn and also a former health-care worker and trade unionist. On the floor of Parliament, Maskell stood to note the dark irony that the same health care workers who were heralded as essential heroes were now under threat of termination for failure to obey a vaccine mandate, and emphasized what had been a long-standing left-wing value: bodily autonomy.

Is the U.S. liberal-left now going to disparage Corbyn, trade unions and left-wing members of the Labour Party as being “anti-vax” and “anti-science” and recklessly risking lives? Are they going to claim that these leftist stalwarts, speaking for workers, are somehow placing extremist libertarian values of individual rights over public health and the collective good? Will they say that these left-wing “anti-vaxxers” have blood on their hands because they refuse to force people upon pain of losing their jobs in a pandemic to take a vaccine into their body that they do not believe is safe or effective rather than attempting to persuade them that it is?

This defiant and courageous stance on principle by Corbyn, labour unions and the British left highlights the obscenity of labelling anyone who dissents from or questions endless attempts to further empower the state as “anti-vaxxers.” But it also highlights one of the hidden truths about vaccine hesitancy: namely, who composes the “vaccine hesitant” and what their motives are.

As we have repeatedly covered here, a false narrative was manufactured from the start: namely, that the only people doubting the vaccine were right-wing Trump supporters, which enabled condescending employees of media corporations to malign anyone who sees the world differently than they do as primitive, deplorable racists. The truth, from the start, was far more complex: many of those who were in doubt about the vaccine were not only Trumpian “white nationalists” but disproportionately brown and black people, along with a higher percentage of Republicans. Indeed, many of the most outspoken celebrities in culture and sports expressing vaccine hesitancy were Black.

That is why vaccine mandates for workers with a punishment of firing for noncompliance can lead to racist outcomes, as these British trade unionists noted: because such punishment will fall disproportionately on black and brown workers. And labor unions representing health care workers and workers in other sectors around the world — in the U.S., in Europe, and on other continents including Africa — were vehemently opposed from the start to the liberal demand (now joined in the UK by the politically desperate Tory Government) that workers be fired for refusing to be vaccinated.

Now that one of the world’s most admired leftist icons, Jeremy Corbyn, has not only spoken out but voted against vaccine mandates for health care workers and vaccine passports for the citizenry — joined by labor unions and other leading British leftists — this sham narrative will be harder to maintain. Will the liberal-left now shift to applying to their own leaders one of the most shameful and reputation-crippling titles that can now be bestowed in left-liberal circles: anti-vaxxers? Or will the British Left’s principled stance finally force the recognition that long-standing left-wing values of bodily autonomy and anti-authoritarianism are often the grounds for the view that it is long past time to keep increasing the power of the state over our lives and bodies in the name of stopping a disease that will almost certainly be with us into the indefinite future?

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END

ECB

ECB going opposite the Fed and being very dovish. They are ending their purchase programme re pandemic but in its place it is boosting core QE to 40 billion pounds in Q2

(zerohedge)

ECB To Discontinue Pandemic Purchase Programme In March, Boosts Core QE Pace To €40BN In Q2

THURSDAY, DEC 16, 2021 – 07:58 AM

Less than an hour after the BOE’s shocking hawkish pivot, all eyes turned to the ECB where hawkish leeway is far less even though markets were expecting some tightening overtures, and they got just that when the ECB announced that the central bank will “discontinue net asset purchases under the PEPP at the end of March 2022” after conducting “net asset purchases under the pandemic emergency purchase programme (at a lower pace than in the previous quarter.” Lest this be seen as too hawkish, the ECB also said that it intends to reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2024 and “in any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.” Finally, the central bank was quick to note that net purchases under the PEPP “could also be resumed, if necessary, to counter negative shocks related to the pandemic.”

However, at the same time as it is unwinding its latest alphabet soup entrant, the PEPP, the Governing Council decided to boost the QE under its original, asset purchase programme (APP), to a net pace of €40 billion in Q2 and then dropping to €30 billion in the third quarter. Then, from October 2022 onwards, the ECB will maintain net asset purchases under the APP at a monthly pace of €20 billion for as long as necessary – i.e. open-ended.

The Governing Council also said that it expects net purchases to end shortly before it starts raising the key ECB interest rates. In other words, the first rate hike – which may never come – will take place in H2 2023 at the earliest or even 2024.

Of course, all rates were kept unchanged.

In other words, as Viraj Patel summarizes it best, the ECB is telling us that

they could buy bonds for as long as possible
won’t hike until they’ve stopped buying bonds
will reinvest proceeds of PEPP to avoid spread widening

If the BoE hadn’t hiked today… this would be a very dovish outcome for European bonds

The market’s kneejerk reaction, for now at least, is viewing the ECB’s announcement as hawkish, but give it some time for the dust to settle

The full press release is here:

Monetary policy decisions
The Governing Council judges that the progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. But monetary accommodation is still needed for inflation to stabilise at the 2% inflation target over the medium term. In view of the current uncertainty, the Governing Council needs to maintain flexibility and optionality in the conduct of monetary policy. With this is mind, the Governing Council took the following decisions:
Pandemic emergency purchase programme (PEPP)
In the first quarter of 2022, the Governing Council expects to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) at a lower pace than in the previous quarter. It will discontinue net asset purchases under the PEPP at the end of March 2022.
The Governing Council decided to extend the reinvestment horizon for the PEPP. It now intends to reinvest the principal payments from maturing securities purchased under the PEPP until at least the end of 2024. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.
The pandemic has shown that, under stressed conditions, flexibility in the design and conduct of asset purchases has helped to counter the impaired transmission of monetary policy and made efforts to achieve the Governing Council’s goal more effective. Within our mandate, under stressed conditions, flexibility will remain an element of monetary policy whenever threats to monetary policy transmission jeopardise the attainment of price stability. In particular, in the event of renewed market fragmentation related to the pandemic, PEPP reinvestments can be adjusted flexibly across time, asset classes and jurisdictions at any time. This could include purchasing bonds issued by the Hellenic Republic over and above rollovers of redemptions in order to avoid an interruption of purchases in that jurisdiction, which could impair the transmission of monetary policy to the Greek economy while it is still recovering from the fallout of the pandemic. Net purchases under the PEPP could also be resumed, if necessary, to counter negative shocks related to the pandemic.
Asset purchase programme (APP)
In line with a step-by-step reduction in asset purchases and to ensure that the monetary policy stance remains consistent with inflation stabilising at its target over the medium term, the Governing Council decided on a monthly net purchase pace of €40 billion in the second quarter and €30 billion in the third quarter under the asset purchase programme (APP). From October 2022 onwards, the Governing Council will maintain net asset purchases under the APP at a monthly pace of €20 billion for as long as necessary to reinforce the accommodative impact of its policy rates. The Governing Council expects net purchases to end shortly before it starts raising the key ECB interest rates.
The Governing Council also intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it starts raising the key ECB interest rates and, in any case, for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.
Key ECB interest rates
The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.
In support of its symmetric 2% inflation target and in line with its monetary policy strategy, the Governing Council expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching 2% well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realised progress in underlying inflation is sufficiently advanced to be consistent with inflation stabilising at 2% over the medium term. This may also imply a transitory period in which inflation is moderately above target.
Refinancing operations
The Governing Council will continue to monitor bank funding conditions and ensure that the maturing of TLTRO III operations does not hamper the smooth transmission of its monetary policy. The Governing Council will also regularly assess how targeted lending operations are contributing to its monetary policy stance. As announced, it expects the special conditions applicable under TLTRO III to end in June next year. The Governing Council will also assess the appropriate calibration of its two-tier system for reserve remuneration so that the negative interest rate policy does not limit banks’ intermediation capacity in an environment of ample excess liquidity.
end

GERMANY

Germany is shooting itself in the foot and for that matter, it is killing Europe as Natural Gas prices soars to new record highs.

(zerohedge)

Germany Won’t Approve Nord Stream 2 Until July; EU NatGas Soars To New Record High

THURSDAY, DEC 16, 2021 – 01:40 PM

European gas futures surged to a record high Thursday after Germany said natural gas flows to Europe via Russia’s Nord Stream 2 pipeline won’t be made before July, according to Bloomberg.

Germany’s federal network agency, Bundesnetzagentur, halted Nord Stream 2’s certification process in mid-November. The regulator requested the Swiss-based operator of the pipeline, Russia’s Gazprom PJSC, to set up a German subsidiary to comply with European regulations.

As soon as that happens, the certification process will resume. Speaking at a press conference, Bundesnetzagentur President Jochen Homann said, “a decision won’t be made in the first half of 2022.”

Following Homann’s comments, the Dutch month-ahead gas, the European benchmark, soared to a new record high of 135 euros, up more than 650% year on year.

The Nord Stream 2 was completed in September and is supposed to come online in early 2021, but that appears not the case anymore. Europe is dealing with winter supply concerns as the state of gas storage stocks dwindles.

Russian gas flows via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany continue to run at depressed levels — another reason for elevated gas prices.

We must point out the region’s low stockpiles, depressed gas flows into the country, geopolitical concerns, and cold weather will likely bid gas prices throughout the Northern Hemisphere winter. However, the situation in the US is entirely the opposite — warm weather and abundance of gas have depressed prices. European natural gas has never been more expensive relative to US prices.

While record-high prices are enough of a problem, for context, this is equivalent to a $270 price for a barrel of crude oil… strongly suggesting the pressure to switch must be building (and with it demand for crude, which could scupper Biden’s cunning plan to lower US gasoline prices)…

Without the Nord Stream 2 flowing, power prices across the continent will continue to soar.

Germany is shooting itself and the rest of Europe in the foot by not allowing the Nord Stream 2 to come online as winter is just five days away.

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

END

TURKEY

This is an absolute joke. Turkish police arrest 51 people of panic buying (hoarding) new cars.

The Turkish lira fell and broke the 15 lira to the dollar rate. This is extremely dangerous. There is no question that they have run out of dollars and that is going to be

catastrophic for Turkish citizens as they have borrowed heavily in dollars. The big risk to the world is not necessarily a fall of Turkey but a fall of NATO as

Turkey houses the biggest NATO force. (Incirlik)

(zerohedge)

Turkish Police Arrest 51 People Accused Of Panic Hoarding New Cars

THURSDAY, DEC 16, 2021 – 02:45 AM

President Recep Tayyip Erdogan’s Justice and Development Party’s (AKP) Party is in trouble. The lira is crashing and nearing 15 for the first time ever. Inflation is out of control, and Erdogan has discouraged panic hoarding as consumer prices accelerate.

A collapsed lira and soaring prices are primarily due to Erdogan, who forced the country’s central bank to unleash a series of hefty interest rate cuts in September. That triggered a cascade in the selling of the lira and a surge in inflation.

So far, Erdogan’s “new model” to revive the economy is faltering. People are panic hoarding, forcing prices of goods even higher, which resulted in AKP on Wednesday to present Parliament with a proposal for a new bill calling for increased fines against hoarding of food and other goods.

Turkish police targeted dozens of people this week that are accused of stockpiling new cars to boost prices far higher than dealership prices, according to state-run media Anadolu Agency.

Erdogan ordered the arrest of 51 people involved in the scheme that purchased new cars, which lowered dealerships’ inventories and led to price increases.

Local media reported the people bought goods such as cars amid a surge in prices to protect themselves from soaring inflation and preserve their wealth amid a crash in the lira. The government alleges the suspects had intentions of “creating a monopoly” in the new automobile market.

In a written statement made by the Karabük Chief Public Prosecutor’s Office, it has been stated that “zero kilometer cars cannot be found in dealers, the cars that should be in the dealerships are collected and stocked by dealers and unofficial car buyers, and a monopoly is created in the “zero kilometer” automobile market, both in print and visual media. It was stated that an investigation was launched on the news that the cars collected from dealers in the monopoly market and stocked are manipulated far above the dealer list prices, and that unfair profits are tried to be obtained by selling them on advertisement sites at exorbitant prices, and citizens are victimized. – Anadolu Agency

The arrests come as consumer price inflation soared to an annual 20.7% in November, with food prices rising 27.1%.

The rise in prices has been primarily driven by a record slide in the lira as Erdogan’s build-back better plan is failing. Turkish people are flooding into assets or commodities to shield their wealth from the economic implosion. Now it appears the government wants to go after these people.
END

IRAN/USA/ISRAEL

Obama led USA (Biden is too stupid to comprehend anything) rejects Israel request for expedited tanker aircraft

(zerohedge)

US Rejects Israeli Request For Expedited Tanker Aircraft Amid Iran Threat

WEDNESDAY, DEC 15, 2021 – 10:00 PM

The Biden administration has rejected an urgent Israeli request to accelerate the delivery fuel tanker aircraft that are considered vital to Israel’s strategic preparations to attack Iran, according to a report in The New York Times. The White House has instead indicated that the first aircraft won’t be ready until at least 2024.

The request was conveyed during last week’s Israeli delegation trip led by Defense Minister Benny Gantz, wherein they pressed US admin officials to get on board in implementing joint strike plans against Iran should nuclear talks in Vienna fail to advance. Gantz conveyed the request for faster tanker delivery directly to his American counterpart Lloyd Austin. The US side was seen as putting the brakes on Israel’s desire to go straight to a military option.KC-46 tanker with its refueling boom extended to a B-2 bomber, Wiki Commons

Gantz was informed that the planes, which total eight Boeing-made KC-46 tankers worth an estimated $2.4 billion, are currently on back-order. But the NY Times report noted the Pentagon is looking into speeding up the process.

Currently Israel’s Boeing 707 tankers are over 50 years old, but the new fleet of KC-46’s would provide its air force much greater range. As the Times underscores, “The ability to refuel is critical — otherwise Israeli planes would have to depend on the aging tankers or land in the United Arab Emirates or Saudi Arabia. Both countries are rivals of Iran, but neither wants to be implicated in assisting an attack.”

The White House’s reluctance to speed up delivery is being perceived as part of overall resistance to Israel’s current urgings to initiate joint strike preparations targeting Iranian sites. While Tel Aviv has lately pressed that the US abandon the Vienna dialogue altogether, Biden is still holding out for a restored JCPOA nuclear deal. The US has reportedly also warned Iran against ‘acting alone’ in a military strike.

The NY Times report detailed that “Mr. Bennett, Israeli officials say, created a substantial budget for exercises to rehearse an aerial attack and argued that any effort to restore the nuclear agreement would lead to a flawed deal that would allow Iran to speed ahead toward making a bomb.”

On Wednesday an Iranian state-linked newspaper published a “target list” of Israeli sites (though it apparently included locations in the West Bank and south Lebanon as well)…

The report also emphasizes that it’s the American taxpayer that will foot the bill, as the tankers will be paid for by the US annual military aid package to Israel. As it stands, the United States gives Israel a whipping $3.8 billion in military aid each year.

end

EUROPE/IRAN/USA

Going nowhere as we predicted

(zerohedge)

We’re “Reaching End Of The Road” To Save Iran Deal: European Leaders

THURSDAY, DEC 16, 2021 – 04:15 AM

A joint statement from Britain, France and Germany issued on Tuesday said “we are rapidly reaching the end of the road” to save the 2015 Iran nuclear deal after the Iranian side accused the West of stoking a “blame game” atmosphere.

“Iran’s continued nuclear escalation means that we are rapidly reaching the end of the road,” France’s ambassador to the United Nations, Nicolas de Riviere, announced. He added that Iran’s consistently blowing past development and uranium enrichment limits all while blaming the US for pulling out of the deal means “We are nearing the point where Iran’s escalation of its nuclear program will have completely hollowed out the JCPOA.”AFP/Getty Images

After talks resumed this month, following a lengthy stall since June, each side has accused the other of being unwilling to compromise. Tehran has maintained all along that Washington must drop its Trump era sanctions, or else it remains out of conformity with the 2015 JCPOA.

Defense officials on either side have also issued threats and counterthreats, which many onlookers have interpreted as aimed at building leverage. But simultaneously the Biden administration has lately appeared on the edge of abandoning the Vienna negotiations altogether, with officials citing Iran’s lack of “seriousness”. This as Israeli leaders have been lobbying hard to put a ‘military option’ in place.

Crucially, Iranian leaders themselves appear to be in agreement with the three European nations’ claim of the Islamic Republic rapidly escalating its nuclear capabilities as talks go nowhere. Tehran maintains it’s program is purely for peaceful domestic energy purposes, however.

At the same time, according to Bloomberg, Iran appears to be easing its stance on the IAEA’s monitoring mission, after Tehran began suspecting that some on-site UN monitoring cameras may have been hijacked by the Israelis:

Talks with the IAEA about the nuclear watchdog’s access to the Karaj facility have made progress and “narrowed gaps over several issues of mutual interest,” state-run Press TV reports late Tuesday, citing Foreign Ministry Spokesman Saeed Khatibzadeh. “I can anticipate that the two sides reach an understanding soon.”

Iran has gradually ramped up its uranium enrichment up to 60% purity, including employing advanced centrifuges, over much of the past year – alarming Western signatories to the JCPOA, as well as Israel – which has accused the Iranians of seeking an atomic bomb.

According to Al Jazeera, this is where things stand amid talks this week: “Iran has said it has also prepared a third document on its demands for the verification of sanctions-lifting and guarantees the US would not renege on the JCPOA again, which will be presented after an agreement is reached over the initial two texts.”

end

RUSSIA/USA/

6.Global Issues

CORONAVIRUS UPDATE//

Perfectly correct: all nations will never be fully vaccinated as they will keep moving the goalposts

(Kit Knightly/OffGuardian.org)

You Will Never Be “Fully Vaccinated”

WEDNESDAY, DEC 15, 2021 – 11:40 PM

Authored by Kit Knightly via Off-Guardian.org,

Earlier this week, in a statement to Parliament on the UK’s planned “vaccine passport”, Health Secretary Sajid Javid admitted the NHS Pass would require three shots for you to be considered “fully vaccinated”.

“Once all adults have had a reasonable chance to get their booster jab, we intend to change this exemption to require a booster dose,”

While many of us predicted this would be the case, it is the first time any British politician has actually said it out loud, and in front of parliament too.

The infinite vaccine loop (source: The Telegraph)

This incredibly cynical “evolving definition” of “fully vaccinated” is not a new phenomenon, and is not isolated to the UK either.

Israel changed their definition of “fully vaccinated” to include the booster months ago. New Zealand’s ministry of health is “considering” doing the same, as is Australia.

The EU isn’t far behind either, with proposals in place to make travel dependent on having a third dose.

The US hasn’t formally adopted a new definition yet, but you’d have to be blind not to see the signs. Just yesterday the LA Times headlined:

Should the definition of ‘fully vaccinated’ be changed to include a booster shot?

An article on Kaiser Health News asks the same thing.

Tony Fauci is quoted in the Independent as saying it’s only a matter of time before the definition is updated:

“It’s going to be a matter of when, not if” getting a booster shot will be considered being “fully vaccinated,” Dr Fauci said.

Opinion pieces are already appearing asking “is it safe to hangout with the unboosted”? (This headline was so unpopular, the Atlantic changed it only a couple of hours after it was published).

All in all it seems pretty clear that, by the time 2022 rolls around, most of the Western world will require three shots in order to qualify as “fully vaccinated”.

It’s also clear that this won’t stop at three. Already, just last week, Pfizer were claiming they may need to “move up the timeline” for a fourth vaccine dose.

This change is being blamed on Omicron, with articles warning the “new variant” can “hit” the vaccinated. Fortune reports:

Omicron is making scientists redefine what it means to be ‘fully vaccinated’ against COVID

So, the third (and maybe fourth) doses are (allegedly) for Omicron…but that model can extend to perpetuity. In order to go to five, six or seven they’ll only need to “discover” more “new variants”.

It will just keep going and going.

But there is good news in all this, every time the powers-that-shouldn’t-be change the rules in the middle of the game, it’s a chance to knock people out of their media-induced hypnosis.

There are promising signs that millions of already-vaccinated will reject the booster. We can build on that.

So tell your single and double jabbed friends, try to open their eyes to the path they are starting down.

They may consider themselves “fully vaccinated”, but the government doesn’t, and never will.

end

Extremely important study shows heart inflammation risk is far higher with the Moderna vaccine that the COVID itself

(Stieber/EpochTimes)Heart Inflammation Risk Higher From Moderna Vaccine Than COVID-19 for Those Under 40: Study

By Zachary Stieber
The Epoch Times, New York
Wednesday, December 16, 2021

https://www.theepochtimes.com/mkt_morningbrief/for-under-40-heart-inflammation-risk-higher-after-moderna-covid-19-vaccination-than-the-disease-study_4158712.html

The risk of developing a form of heart inflammation is higher for people younger than 40 after receiving Moderna’s COVID-19 vaccine than it is from contracting COVID-19, according to a new study.

Researchers found 15 excess cases per 1 million people who received a second dose of the vaccine compared to 10 extra cases of myocarditis following a positive COVID-19 test. Moderna’s vaccine is typically taken in a two-dose regimen.

The risk of myocarditis, a form of heart inflammation, was much higher following the second dose of the Moderna vaccine, but there were still eight excess cases per 1 million people following the first dose as well.

“Time to abandon the belief that COVID-19 myocarditis risk is always higher than mRNA vaccine myocarditis risk. For some individuals, myocarditis risks of the vaccine(s) are higher than those of the disease,” Euzebiusz Jamrozik, an infectious disease expert who works at the University of Oxford, wrote on Twitter.

The elevated risk stood out against what researchers found for the Pfizer-BioNTech and AstraZeneca-Oxford vaccines. People were found to be more at risk of contracting myocarditis from COVID-19 than from either of those vaccines, regardless of age.

“This population-based study quantifies for the first time the risk of several rare cardiac adverse events associated with three COVID-19 vaccines as well as SARS-CoV-2 infection. Vaccination for SARS-CoV-2 in adults was associated with a small increase in the risk of myocarditis within a week of receiving the first dose of both adenovirus and mRNA vaccines, and after the second dose of both mRNA vaccines. By contrast, SARS-CoV-2 infection was associated with a substantial increase in the risk of hospitalization or death from myocarditis, pericarditis, and cardiac arrhythmia,” the researchers wrote.

SARS-CoV-2 is another name for the CCP (Chinese Communist Party) virus, which causes COVID-19.

The study was published in Nature and was carried out by professors from multiple colleges, including the University of Oxford, which helped develop the AstraZeneca COVID-19 vaccine.

Researchers utilized data from the English National Immunization database, which includes information on all people vaccinated in England. The database featured information on 38.6 million people through Aug. 24.

Limitations on the study included not breaking down the data further—previous studies indicate that teenagers are at much higher risk of myocarditis from vaccines than older people—and Moderna’s vaccine not being available in the UK until April.

Representatives for Moderna, Pfizer, and AstraZeneca didn’t respond to requests for comment.

Myocarditis and another form of heart inflammation, pericarditis, have been identified as serious side effects following vaccination with the Moderna and Pfizer COVID-19 vaccines, which are both built on messenger RNA technology. A U.S. study analyzing reports submitted to the Vaccine Adverse Event Reporting System found that teenage boys were more likely to suffer heart inflammation from the Pfizer or Moderna vaccines than they were from COVID-19 hospitalization.

Some countries, including Finland, paused their administration of Moderna’s vaccine to youth because of concerns about the side effect.

“The preliminary data showed that among those under 30, the myocarditis and pericarditis incidence was higher than expected,” Dr. Hanna Nohynek, chief physician of the Finnish Institute for Health and Welfare’s Unit Infectious Diseases Control and Vaccines, told The Epoch Times in November.

The U.S. Food and Drug Administration pushed back a decision in late October on whether to authorize the Moderna vaccine for children aged 17 and younger. Moderna stated that this was done so that drug regulators could more closely analyze the risk-benefit calculus.

Moderna stated in a November call that its vaccine, which is administered at a higher amount than Pfizer’s, offers better protection, but also brings more myocarditis risk.

A Canadian pre-print study published last week found that the incidence of heart inflammation was 5.1 times higher for males between 18 and 24 who got a second dose of Moderna’s vaccine versus those in the same population who received a second dose of Pfizer’s vaccine.

The risk of myocarditis following vaccination was much lower in youth who received the second dose at a longer interval, researchers found. Some countries have stretched the time between the first and second vaccine dose as a result of similar studies.

-END-

The FDA strengthens its warning over severe condition linked to J and J vaccine and yet they do not pull it off the market.

(Stieber/EpochTimes)

FDA Strengthens Warning Over Severe Condition Linked to Johnson & Johnson’s COVID-19 Vaccine
By Zachary Steiber

The Epoch Times, New YorkWednesday, December 15, 2021

https://www.theepochtimes.com/mkt_morningbrief/fda-strengthens-warning-over-severe-condition-linked-to-johnson-johnsons-covid-19-vaccine_4159815.html

U.S. drug regulators this week formally strengthened a warning to Americans regarding a severe condition linked to Johnson & Johnson’s COVID-19 vaccine.

Blood clots and low blood platelet levels, known as thrombosis with thrombocytopenia syndrome (TTS), are now listed as a contradiction, or a medical reason for somebody not to get the shot.
“Do not administer” the vaccine to individuals with a history of the set of conditions following the vaccine or any other adenovirus-vectored COVID-19 vaccine, the Food and Drug Administration (FDA) says in an updated fact sheet (pdf) for health care providers administering vaccines.
TTS has been reported in “a wide range of individuals 18 years and older” since administration of the Johnson & Johnson (J&J) vaccine began earlier this year, regulators say.
The highest reporting rate, approximately 1 case per 100,000 doses administered, has occurred in women aged 30 to 49.
About 15 percent of the TTS cases have been fatal.
“Currently available evidence supports a causal relationship between TTS and the Janssen COVID-19 Vaccine,” the FDA says in its updated fact sheets.
Janssen is a subsidiary of J&J.
J&J did not respond to a request for comment.
In the spring, U.S. health officials recommended a nationwide pause in administration of the vaccine due to TTS cases appearing among people who had gotten it.
The pause was lifted in April.
The FDA and Centers for Disease Control and Prevention (CDC) said at the time that officials were confident the vaccine was safe and effective in preventing COVID-19.
The FDA said that the available data showed the known and potential benefits outweigh its known and potential risks.
Paul Stoffels, J&J’s chief scientific officer, said when the pause was lifted that the company would work with health authorities worldwide “to educate health care professionals and the public to ensure this very rare event can be identified early and treated effectively.”
COVID-19 is the disease caused by the CCP (Chinese Communist Party) virus. Three COVID-19 vaccines are available for use in the United States. J&J’s is by far the least used. Just 17.2 million doses have been administered as of Dec. 15, compared to 185.8 million doses of Moderna’s vaccine and 283 million doses of the Pfizer-BioNTech vaccine.
A study in November found J&J vaccine recipients had a higher risk of blood clots when compared to recipients of the other two shots.
Currently, there are no restrictions in place on administration of the J&J jab.
The two contraindications, TTS and severe allergic reaction, typically only apply once a person has suffered an adverse event.
The CDC’s vaccine advisory panel is meeting Thursday to hear presentations from the CDC on J&J’s vaccine.
A draft agenda says that one presentation will be on TTS. Another will go over updates to the risk-benefit assessment for the vaccine.
Members of the panel will vote in the afternoon on updated recommendations for use. They may potentially narrow the populations who can get the shot.
The panel is meeting “to hear the latest information on vaccines and disease epidemiology,” Jasmine Reed, a CDC spokeswoman, told The Epoch Times in an email.
There is no indication FDA experts will participate in the meeting and a spokeswoman for the agency did not respond to a request for comment
end

You tube tensors the important inview of Peter McCullogh. The interview is at the bottom of my commentary in the uSA section/COVID/vaccineThe media must be prosecuted for crimes against humanity
(Watson/zerohedge)

YouTube Censors Bombshell Joe Rogan Interview With Cardiologist Peter McCullough

THURSDAY, DEC 16, 2021 – 1AUTHORED BY STEVE WATSON VIA SUMMIT NIN A MOVE THAT WILL COME AS A SHOCK TO ABSOLUTELY NO ONE, YOUTUBE IS CENSORING CLIPS OF JOE ROGAN’S INTERVIEW WITH CARDIOLOGIST PETER MCCULLOUGH WHEREIN THE DOCTOR LAID OUT HOW EARLY TREATMENT OF COVID IS BEING ACTIVELY SUPPRESSED BY GOVERNMENTS AND BIG-PHARMA IN FAVOUR OF A BLIND PURSUIT TO VACCINATE EVERYONE.

Texas-based McCullough urged that treatments including ivermectin and monoclonal antibodies are being sidelined in order to “create acceptance for, and then promote, mass vaccination.”

During the three hour long exchange, McCullough also spoke at length about vaccine side effects, including myocarditis in young people.

McCullough tweeted out a link to a YouTube video of the interview, which has since been pulled down.

Trying to access the video results in the message “This video has been removed for violating YouTube’s Community Guidelines.” A “learn more” link re-routes to YouTube’s Community Guidelines overview, and the company’s COVID-19 medical misinformation policy.

Rogan himself retweeted McCullough’s post, and later retweeted this post on censorship from Tim Dillon:

In addition, Twitter appears to be suspending people for retweeting clips of Rogan’s McCullough interview:

The entire Rogan interview with Dr. McCullough is of course still available on Spotify, which has a deal to distribute Rogan’s podcasts, although how long that will last with Rogan increasingly defying the establishment by allowing open discussion is anyone’s guess.

END

VACCINE IMPACT

Why haven’t they stopped vaccinating!! Just look at European Union injury report! Please note that this injury report is only for Europe!

32,649 Deaths 3,003,296 Injuries Following COVID Shots in European Database of Adverse Reactions as Young, Previously Healthy People Continue to Suffer

December 15, 2021 3:37 pm

The European Union database of suspected drug reaction reports is EudraVigilance, and they are now reporting 32,649 fatalities, and 3,003,296 injuries, following COVID-19 injections. A Health Impact News subscriber from Europe reminded us that this database maintained at EudraVigilance is only for countries in Europe who are part of the European Union (EU), which comprises 27 countries. The total number of countries in Europe is much higher, almost twice as many, numbering around 50. (There are some differences of opinion as to which countries are technically part of Europe.) So as high as these numbers are, they do NOT reflect all of Europe. The actual number in Europe who are reported dead or injured following COVID-19 shots would be much higher than what we are reporting here. In putting some names and faces to these cold, hard statistics, we report on a college basketball star who was pressured to take the Pfizer shot and now has heart disease and his career is over, before it even started, not to mention that his life span may also be significantly reduced because of the experimental shot. We also have a report from an attorney in Australia who states that he has a “long list” of children injured by the COVID-19 shots and is seeking a class action lawsuit, as he discusses one of his clients, a 12-year-old boy who can no longer walk, being confined to a wheelchair, after taking the Pfizer shot.Read More…

GLOBAL ISSUES/GLOBAL INFLATION ISSUES LA PALMA VOLCANO ERUPTION Michael Every on the day’s most important topics Michael Every…

end

7. OIL ISSUES

end

8 EMERGING MARKET& AUSTRALIA ISSUES

Australia//// NEW ZEALAND/ SOUTH AFRICA/BRAZIL//COVID/VACCINES/LOCKDOWNS

SOUTH AFRICA//COVID/VACCINE MANDATE

South Africa is now enjoying their summer and thus warmer than in the Northern Hemisphere. Also the nation is poorly vaccinated. As such hospitalizations and deaths remain LOW

(Watson/SummitNews)

South Africa Health Minister Says Hospitalisations & Deaths “Remain Low”

THURSDAY, DEC 16, 2021 – 07:45 AM

Authored by Paul Joseph Watson via Summit News,

The Health Minister of South Africa has released a statement saying that the rates of hospitalisations and deaths in the country that saw the first wave of the Omicron variant “remain relatively low.”

The statement is at odds with the reaction to Omicron in western countries, particularly the UK where hysteria is now running rampant despite the variant causing milder symptoms than Delta.

“According to scientific studies, this virus is spreading quicker than in previous waves, but the rates of hospitalisations and deaths remain relatively low,” said Minister of Health Dr Joe Phaahla.

He went on to tell South Africans that they should practice reasonable safety measures and avoid “super-spreader” events, but that the Omicron variant should not prevent a “joyous Christmas, and prosperous New Year celebrations.”

The country will also remain at level 1 of restrictions, which is the lowest level.

While experts in South Africa continue to try to calm panic in other countries driven by the Omicron variant, health authorities in the UK are still insisting that it’s “too early” to tell if Omicron is milder, despite every indication suggesting it is.

They also assert that it doesn’t matter if the variant is milder, the fact that it is far more transmissible will lead to hospitalisations and deaths on the same level or more as last January’s peaks.

However, if that were the case, over a month into the outbreak, South African hospitals would surely be massively struggling, and yet they’re not.

In reality, as Doctor Angelique Coetzee has explained, putting in place more lockdowns and restrictions to stop Omicron’s spread could actually harm the opportunity for “natural immunity” that it provides.

As we previously highlighted, data coming out of South Africa indicates that the Omicron outbreak of COVID-19 is already “running out of steam,” and according to one expert, “the world has nothing to fear.”

The likes of Professor Chris Whitty and Boris Johnson have however deliberately tried to dismiss such evidence and focus solely on case rates.

The result has been the mass cancellation of events, with Brits placing themselves into lockdown as the hospitality industry takes another massive blow, one that many businesses will never come back from.

* * *

end

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

Euro/USA 1.1272 UP .0014 /EUROPE BOURSES //MOSTLY MIXED

USA/ YEN 113.82 UP 0.089 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3255 UP 0.0025

USA/CAN 1.2877 UP 0.0011 ( CDN DOLLAR DOWN 11 BASIS PTS )

Early THURSDAY morning in Europe, the Euro IS UP by 14 basis points, trading now ABOVE the important 1.08 level RISING to 1.1272

Last night Shanghai COMPOSITE CLOSED DOWN 13.89 PTS OR 0.38%

//Hang Sang CLOSED DOWN 215.19 PTS OR 0.91%

/AUSTRALIA CLOSED DOWN 0.81% // EUROPEAN BOURSES OPENED MOSTLY MIXED

Trading from Europe and ASIA

EUROPEAN BOURSES MOSTLY MIXED

2/ CHINESE BOURSES / :Hang SANG CLOSED DOWN 215.19 PTS OR 0.81%

/SHANGHAI CLOSED DOWN 13.89 PTS OR 0.38%

Australia BOURSE CLOSED DOWN 0.81%

Nikkei (Japan) CLOSED UP 27.08 PTS OR 0.10 %

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 1769.65

silver:$21.83-

Early THURSDAY morning USA 10 year bond yr: 1.450% !!! UP 0 IN POINTS from WEDNESDAY night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.844 UP 1 IN BASIS POINTS from WEDNESDAY night.

USA dollar index early WEDNESDAY morning: 96.49 DOWN 8 CENT(S) from WEDNESDAY’s close.

This ends early morning numbers THURSDAY MORNING

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And now your closing THURSDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.30% UP 4 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.045% DOWN 4/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.39%// UP 4 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 0.97 UP 5 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 58 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -..347% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.32% 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 THURSDAY

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

Euro/USA 1.1309 UP .0019 or 19 basis points

USA/Japan: 113.69 DOWN 0.448 OR YEN UP 45 basis points/

Great Britain/USA 1.3319 UP 58 BASIS POINTS)

Canadian dollar UP 60 pts to 1.2771

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The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3683

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3768

TURKISH LIRA: 15.65 EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield at +0.0045

Your closing 10 yr US bond yield DOWN 3 IN basis points from WEDNESDAY at 1.432 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.881 DOWN 2 in basis points

Your closing USA dollar index, 96.10 DOWN 41 CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED UP 89.86 PTS OR 1.25%

German Dax : CLOSED UP 160.05 PTS OR 1.03%

Paris CAC CLOSED UP 77.44 PTS OR 1.12%

Spain IBEX CLOSED UP 127.10 PTS OR 1.54%

Italian MIB: CLOSED UP 116/36 PTS OR 0.44 %

WTI Oil price 72.8912: EST

Brent Oil: 75.46 12:00 EST

USA /RUSSIAN / RUBLE FALLS: 73.68 THE CROSS HIGHER BY .12 RUBLES/DOLLAR (RUBLE LOWER BY 12 BASIS PTS)

CLOSING NUMBERS 4 PM

EURO VS DOLLAR: 1.1332 UP 32 BASIS PTS

BRITISH POUND: 1.3323 UP 0062 OR 62 BASIS PTS

JAPANESE YEN: 113.68 DOWN .451 OR 45 BASIS POINTS

CANADIAN DOLLAR 1.2773 UP 64 BASIS PTS

USA 10 YR BOND YIELD: 1.426 DOWN 4 BASIS PTS

USA 30 YR BOND YIELD: 1.859 DOWN ONE BASIS PT.

TURKISH LIRA: 15.67 LIRA TO THE DOLLAR

USA DOLLAR VS RUSSIAN ROUBLE. 73.63. DOWN 7 BASIS PTS

DOW JONES INDUSTRIAL AVERAGE: DOWN 29.79 TS OR .08%

NASDAQ 100 DOWN 425.66 OR 2.61 %

VOLATILITY INDEX: 20.57 UP 1.28 PTS.

USA trading day in Graph Form

Powell-Pump Dumped As Dollar Slumps, Gold Jumps

THURSDAY, DEC 16, 2021 – 04:00 PM

What went up on the heels of a virtuous gamma squeeze, must come down when the squeeze-ammo runs dry. All the major indices were lower today with Nasdaq and Small Caps leading the retracement The Dow and S&P are clinging to post-Powell gains…

And just like that, it’s gone…

Bear in mind tomorrow is a sizable options expiration and as that gamma unclenches, things might get just a little bit turbo. VIX spiked back above 22 today before getting monkeyhammered into the close…

Nasdaq broke back below the 50DMA and 100DMA…

AAPL was the most notable pump and dump…

Semis were slammed back down to earth…

Bear in mind that yesterday’s crazy ramp lifted all the majors into the green for the week, and today took them all back into the red…

“Most Shorted” stocks slumped back to where they were before the pumpathon post-Powell…

Source: Bloomberg

Tech and Discretionary were the hardest hit today. Healthcare and Utes are the 2-day leaders as financial rolled over today…

Source: Bloomberg

The hawkish shift in STIRs was also retraced notably today…

Source: Bloomberg

Treasuries were very mixed today with the belly outperforming significantly and long-end unchanged (5Y -7bps, 30Y unch)…

Source: Bloomberg

The dollar extended yesterday’s losses (helped by GBP and EUR strength after BoE and ECB)…

Source: Bloomberg

Cryptos were mixed today with bitcoin getting battered as ethereum outperformed…

Source: Bloomberg

Gold traded up to $1800, extending its post-Powell gains…

European NatGas is exploding higher to record prices. For context, it is currently trading at the equivalent energy cost of a $270 barrel of crude oil…

Source: Bloomberg

Finally, here’s what the world is worried…

Source: Bloomberg

In case you don’t understand – the ‘casedemic’ means nothing as deaths and hospitalizations remain very muted.

II)USA DATA

Initial Jobless Claims Rebound From 52-Year-Lows

THURSDAY, DEC 16, 2021 – 08:34 AM

After dropping to its lowest since 1969 in the prior week, the number of Americans filing for jobless benefits for the first time rebounded last week to 206k (from an upowardly revised 188k). This was worse than the expected 200k.

Source: Bloomberg

Missouri and Kentucky saw the biggest increase in claims while New York and Texas showed the biggest drop in claims…

And overall, the number of Americans on some form of dole rose back near 2.5 million…

But remains near pre-COVID levels…

Source: Bloomberg

Obviously the problem is not jobless claims, the problem is the 4-million-plus Americans that just cannot find a fit in the current post-COVID labor market.

END

US Housing Starts Surged In November

THURSDAY, DEC 16, 2021 – 08:42 AM

After a mixed picture in October (starts down, permits up), analysts expected both to rise in November – and they were right.

Housing Starts exploded in November, up a shocking 11.8% MoM (after a downwardly revised 3.1% MoM drop in October).
Building Permits jumped 3.6% MoM (after an upwardly revised +4.2% MoM in October).

Both were dramatically above expectations.

Source: Bloomberg

Starts jumped from their lowest since Feb 2021 to the highest since March…

Source: Bloomberg

The jump in starts was relatively evenly balanced between single-family and multi-family units (+11.3% MoM and +12.9% MoM respectively).

One wonders how long this will last given the slump in mortgage apps and The Fed’s new hawkish 6-hikes-in-two-years plan

end

US Industrial Production Jumps To Highest Since Aug 2019

THURSDAY, DEC 16, 2021 – 09:22 AM

Having surged back above pre-COVID-lockdown levels in October, analysts expected US Industrial Production to extend its improvement in November and it did but slightly worse than expected (+0.5% MoM vs +0.6% MoM exp) but followed an upward revision from +1.6% to +1.7% MoM in October…

Source: Bloomberg

Manufacturing also rose (+0.7% MoM)…

Capacity Utilization rose to 76.8%, the highest since Nov 2019.

Overall, Industrial Production is back to its strongest level since Aug 2019…

Source: Bloomberg

Maybe it is time to take the foot off the floor after all?

END

USA ECONOMY is slowly down as USA PMI’s tumble. The major factor higher cost burdens

(zerohedge)

US PMIs Tumble In Early December Glimpse, Cost-Burdens Soar

THURSDAY, DEC 16, 2021 – 09:52 AM

After falling modestly in November, Markit’s preliminary December Manufacturing and Services PMI were both expected to rebound (even as US macro surprise data started to disappoint), but the analysts were wrong.

Markit US Manufacturing PMI dropped from 58.3 to 57.8 (below 58.5 exp) – a 12 month low
Markit US Services PMI dropped from 58.0 to 57.5 (below 58.8 exp) – a 3 month low

That is the second straight monthly decline…

Source: Bloomberg

Inflationary pressures continued to mount, with firms facing ever increasing input prices. The pace of cost inflation accelerated again to reach a fresh series record. Companies reported broad-based upticks in cost burdens, with a range of key materials noted higher in price, alongside soaring transportation and distribution fees.

The US Composite PMI Output Index posted 56.9 in December, down slightly from 57.2 in November.

Commenting on the PMI data, Chris Williamson, Chief Business Economist at IHS Markit, said:

“The survey data paint a picture of an economy showing encouraging resilience to rising virus infection rates and worries over the Omicron variant. Business growth slipped only slightly during the month and held up especially well in the vulnerable service sector. Manufacturing output growth even picked up slightly amid a marked easing in the number of supply chain delays, which also helped to take pressure off raw material prices. Barring the initial price slide seen at the start of the pandemic, December saw the steepest fall in factory input price inflation for nearly a decade.
“The worry is that rising wage growth, greater transport costs and higher energy prices have pushed service sector cost inflation to a new high, and that any renewed disruption to global supply lines resulting from the Omicron wave could lead to renewed upward pressure on goods prices.”

Is Powell tightening into a slowdown?

end

b) USA COVID/VACCINE UPDATES//VACCINE MANDATES

LA District school boards postpone vaccine mandate as thousands of students remain unvaxxed

(Van Brugen/EpochTimes)

LA District Postpones Vaccine Mandate As Thousands Of Students Remain Unvaxx’d

WEDNESDAY, DEC 15, 2021 – 09:40 PM

Authored by Isabel van Brugen via The Epoch Times,

The Los Angeles school board on Tuesday agreed not to require children to be vaccinated against COVID-19 until next fall, pushing back a Jan. 10 deadline as thousands of students remain unvaccinated.

The Los Angeles Unified School District vaccine mandate was postponed after board members raised concerns that students in California’s largest school district could be pushed into independent study, the Los Angeles Times reported.

The decision follows a proposal on Friday announced by Interim Los Angeles Superintendent Megan K. Reilly. She couched the move as an example of the vaccination program’s success, saying that nearly 87 percent of students aged 12 and older were in compliance with the policy. The extension would give others an opportunity to also become inoculated, she said.

“This is a major milestone, and there’s still more time to get vaccinated,” Reilly said on Friday.

The district will now continue to require weekly testing of all students through the month of January. After that it will only test students who don’t have proof of vaccination.

Some 28,000 students remain unvaccinated, according to the Los Angeles Times.

“I felt like we were ending up with a situation in which those who complied would be the most negatively affected,” school board member Jackie Goldberg said, the Los Angeles Times reported. “I think we have no choice.”
“I want to tell those of you who come and … think you pushed us back. No, you didn’t. The mandate remains,” she added.

Incoming Superintendent Alberto Carvalho called the move “the right decision” during a news conference on Tuesday.

“The conditions that the board is facing today, and the policy adjustments are not, in my opinion, a reversal of decisions made,” he said.

Carvalho described the move as “an evolution of the previous board position” that recognizes what is best for students in the district.

California in October became the first state to mandate statewide COVID-19 vaccinations for schoolchildren.

“What we are announcing here today, a statewide requirement for in-person instruction for all of our children to add to a well-established list that currently includes ten vaccinations and well-established rules and regulations that have been advanced by the legislator for decades. To add to that list, the vaccination for COVID-19, we intend to do that once the FDA has fully approved the vaccine which will give us time to work with districts,” Gov. Gavin Newsom said during a press briefing on Oct. 1.

The move drew criticism from some.

Mari Barke, chair of the Orange County Board of Education, said that it should be up to parents to decide what is best for children.

“I’m certainly not proud that California is the first state to mandate this. I think parents are the best to make these types of decisions for their children, so I’m very disappointed,” Barke told The Epoch Times.

“I believe strongly in parental rights and parents knowing what’s best for their children. This vaccine has had the least testing of any vaccine. It’s not a virus that is killing lots of children unless they have severe comorbidities, and I think it’s government overreach.”

end

Mises comments on the crazy vaccine mandates.

(Mises)

Vaccine Mandates & ‘The Great Resignation’: The Media Pretends There’s No Connection

WEDNESDAY, DEC 15, 2021 – 08:20 PM

Authored by Liam Cosgrove via The Mises Institute,

Let me be clear from the start: I do not know the degree to which vaccine mandates have played a role in the massive voluntary exodus from the workforce.

I do, however, know that any true journalist would at least entertain the possibility that the two are correlated. Finding such a journalist proved to be a difficult task: ABC, CNN, CBS, the Washington Post, Reuters, CNBC, The Atlantic, the Wall Street Journal, the New York Times, The Hill, Business Insider, Fortune, FT, Vox, Market Watch, and even right-wing publishers like the New York Post and Fox Business have all covered the mass resignations without so much as a mention of vaccine mandates. The WaPo, citing a single anecdote, went so far as to suggest that unvaccinated workers are causing others to quit by making them feel unsafe:

Time magazine, to their credit, at least addressed the possible relation and tried to provide a counterpoint, citing employee vaccination numbers in the high 90 percents ahead of mandates, like Washington, where University of Washington hospitals employees are 97 percent vaccinated—sounds great! They just forgot to do a follow-up piece after the mandate went into effect … when Washington lost 3 percent of its sixty-three thousand state employees in a single day. That’s a sizeable percentage when you consider that monthly separations (terminations and quits) are typically 3–4 percent in the US and this drop occurred in one day. Not to mention these separations are added to routine employment frictions.

Now, let’s discuss the awfully interesting correlations between the announcements of vaccine mandates and the “Great Resignation”:

The US has clocked two consecutive all-time highs for the percentage of workers quitting within a single month, 2.9 percent for August and 3.0 percent for September (data released on a two-month delay). This coincided precisely with an onset of highly prominent vaccine mandate announcements within the private and public sectors, one of the earliest being Google on July 28, which inspired a tsunami of corporate signaling throughout the month of August. In a similar fashion, California set the trend for a series of state-level mandates, most of which were announced in August, with enforcement to begin in late September and October. August was indeed the first month in which this topic seeped into mainstream public discourse, the buzz increasing in September as Joe Biden announced the mandate for federal employees.

Right off the bat this seems like a coincidence worth mentioning, yet none of the outlets listed above did. But there’s more. Historically upswings in resignations have correlated with commensurate upswings in hiring (see chart below). As businesses hire more, workers have freedom to shop around. However, we are not seeing that this time around, with total hires increasing by 7.5 percent between March and September 2021 and quits increasing by 24.3 percent during that same period, a threefold margin.

Now, let’s pivot to look at two states that are handling mandates very differently—Colorado enacted one of the strictest vaccine mandates while Arizona became the first state to enact a private sector ban on vaccine mandates. Colorado subsequently broke its all-time record for highest quit rate ever recorded with 3.4 percent. To quote the Denver Post:

What is unusual about the new record high is that it coincides with a still relatively high 5.9 percent unemployment rate in Colorado in August. Normally, elevated unemployment and people voluntarily jumping ship don’t go hand in hand.
For example, when Colorado’s unemployment rate was at 5.9 percent in January 2003, the quit rate was 2.6 percent and it was 2.7 percent in January 2014, another month with 5.9 percent unemployment.

In September, Colorado shattered this record with an adjusted quit rate of 4.3 percent (raw rate of 4.7 percent)! Meanwhile, Arizona was one of only four states to experience a decline in their raw quit rate moving from July to August, and it did so by the greatest margin. The raw rate continued to decline in September. So, out of fifty states, Arizona is demonstrating some of the strongest data contrary to the Great Resignation trend.

Lastly, let’s shift our focus to what the unvaccinated holdouts are saying. According to a recent survey by the Kaiser Family Foundation, 72 percent of workers vow to quit if they are not given the option to test weekly and 37 percent say they will quit even with testing:

Surely some of these vows will prove stronger than others, but we should note this poll was conducted between October 14 and 24. These folks are not included in the resignation data we saw in August and September. Remember, most mandates were not officially in effect during those months, with the largest mandate of all, Biden’s private sector mandate, still to come. If these poll respondents stay true to their word, this could equate to a 5–9 percent exodus from the workforce, on top of what we have already seen. This will only get worse if religious exemptions are removed, as is becoming increasingly mainstream.

Again, this is not proof that vaccine mandates are the primary cause of the Great Resignation, just evidence that they are likely playing a role. This is an important message to the publishers at big corporate media outlets. Conveniently leaving these discussions out of your articles will not persuade readers these topics are unrelated. Instead, it will cause them to question how a “journalist” could publish such negligent reporting. This type of behavior will only foster more distrust in mainstream institutions.

There’s another, more sinister, symptom of this cognitive dissonance—it absolves political leaders of accountability. Given unemployment is a major bipartisan issue, average citizens might oppose mandates if they thought it would impede reaching full employment. Take New York, for example, where they revoked religious exemptions to the vaccine for healthcare workers on November 22, while recently, New York nurses publicly complained about staffing shortages, calling them a “dire nursing shortage.” You would think the governor might adjust her course of action upon hearing this, but in the made-up world where vaccine mandates have zero impact on employment, our leaders can get away with callous policy decisions like this.

end

Top cardiologist tells Joe Rogan of an intentional plot to suppress early covid treatments like HCQ and Ivermectin etc.

(zerohedge)

Top Cardiologist Tells Joe Rogan Of “Intentional Plot” To Suppress Early COVID Treatments

WEDNESDAY, DEC 15, 2021 – 04:40 PM

In a recent appearance with Joe Rogan, Dr. Peter McCullough explained that from the beginning of the Covid-19 pandemic, there was a concerted effort to instill fear and conceal a protocol for early treatment of the disease in order to justify lockdowns and vaccines.

McCullough, former vice chief of internal medicine at Baylor University Medical Center and professor at Texas A&M University is one of the most widely cited authors of research in his field – and testified before the US Senate in Nov. 2020. Since coming out against the official pandemic response, McCullough has come under intense scrutiny from the left for spreading ‘medical misinformation’ about the pandemic.

He’s also shed light on vaccine-related cardiac events in a recent paper co-authored with Dr. Jessica Rose, a virologist and epidemiologist in Canada reviewing data in the US Vaccine Adverse Event Reporting System, which he discusses here.

Before we get to the Rogan interview, watch McCullough’s March 2021 testimony before the Texas Senate Committee on Health & Human Services to understand more about his position:

Which brings us to McCullough’s time with Joe Rogan – where he said that there has been a worldwide effort to suppress early Covid-19 treatments.

“It seems to me, early on, there was an intentional, very comprehensive, suppression of early treatment in order to promote fear, suffering, isolation, hospitalization and death,” he said. “And it was completely organized and intentional in order to create acceptance for, and then promote mass vaccination.”

“In the U.S. only about 500 doctors really understand what’s going on … and there’s about a million,” he added. end

Watch:

“Hero” Judge Holds Hospital In Contempt: Give Ivermectin To Dying Woman Or Pay $10,000-A-Day Fine

WEDNESDAY, DEC 15, 2021 – 05:40 PM

Authored by Jack Phillips via The Epoch Times,

After a judge found Virginia’s Fauquier Hospital in contempt of court in a lawsuit filed on behalf of a COVID-19 patient who was denied being prescribed Ivermectin, the hospital said Tuesday that it is complying with the court order.

Christopher Davies, the son of the patient, Kathleen Davies, told the Fauquier Times that two doses of Ivermectin – generally used to treat parasites – were given to the woman at 8:45 p.m. on Monday. The Epoch Times has contacted Fauquier Hospital for comment.

It came after Judge James. P. Fisher, of the 20th Judicial Court of Virginia, signed an order Monday finding Fauquier Hospital in contempt of court or “needlessly interposing requirements that stand in the way of the patient’s desired physician administering investigational drugs as part of the Health Care Decisions Act and the federal and state Right to Try Acts.”

Furthermore, “given the gravity at hand,” the hospital has to pay “$10,000 per day retroactive to the date of the court’s injunction order filing,” the judge ordered, meaning that each day the hospital does not prescribe Ivermectin to Davies, they will have to pay the fine “until the ordered relief has been accomplished.”

Her family had requested the hospital give Davies, who had been on a ventilator since Nov. 3, Ivermectin to treat her COVID-19 as a last resort to save her life. The Davies’ family doctor had prescribed Ivermectin to the woman, but Fauquier Hospital resisted administering the drug and cited medical, legal, and other concerns, the Fauquier Times reported.

The woman’s family took legal action on Dec. 6, filing a complaint to compel the hospital to treat her with the drug, according to the Fauquier Times.

“It’s a matter of life and death,” Christopher Davies told the paper.
“She’s on her death bed. Any kind of negative repercussions [from Ivermectin] are null and void.”

And because all treatment options haven’t worked, Davies argued that the family should be able to try the drug.

“I get it. The doctors at the hospital are afraid. This has become politically charged. I’m not trying to go after the hospital. I just want them to use it in hopes that it will help,” he further said, referring to the controversy regarding using Ivermectin to treat COVID-19.
“They believe it’s a fight between the rights of the hospital and the rights of citizens. They feel their rights trump her rights,” Davies continued.

A day after the judge’s decision, Davies’ attorney, Ralph Lorigo, said:

“This judge is the hero. He had the guts. He had the stamina. He had the willingness to enforce what he said.”

In a lengthy statement to the Fauquier Times, Fauquier Hospital spokeswoman Sarah Cubbage said that the facility is now complying with the judge’s order and is seeking to have his contempt order thrown out.

“Like all other hospitals, we are bound by rules and regulations that govern how we operate to ensure that we administer care safely to our patients,” Cubbage said in the statement.
“From a legal and regulatory standpoint, we must always follow the appropriate steps to credential and privilege physicians to practice medicine at our facilities … this is to protect patients and ensure the consistent delivery of quality care.”

Furthermore, she argued that the hospital “cannot compel physicians to administer treatment that is against their clinical judgment and is not within the accepted medical standards of care.”

“We believe that we have navigated these complexities as swiftly as possible and have remained in compliance with standard hospital practice, including federal and state regulations, throughout this matter,” she said.

Regarding its compliance with Fisher’s order, Cubbage said that the court provided the hospital “additional guidance and clarification,” which it was then able to meet.

“We have reported this to the court and requested that the contempt order be purged,” her statement added.

The Food and Drug Administration (FDA) has approved Ivermectin to treat intestinal strongyloidiasis and onchocerciasis, as well as other parasites. The drug hasn’t been approved by the agency to treat COVID-19, although some severely ill COVID-19 patients have apparently seen positive results after taking the drug.

end

iii) important USA economic stories

Retailers Fed Up With ‘Smash And Grabs’ Send Urgent Letter To Congress

WEDNESDAY, DEC 15, 2021 – 08:00 PM

Liberal socialist utopias such as California and Illinois are a blessing for criminal gangs thanks to the states’ lack of prosecution of shoplifting. Retailers are fed up with smash and grabs and have sent an urgent message to Congress urging lawmakers to do more to prevent thieves from reselling stolen goods online.

In a letter sent to Congressional leadership, 20 retailer CEOs — including Walgreens Boots Alliance, Inc., Petco Animal Supplies, Inc., CVS Health, AutoZone, Inc., Nordstrom, Inc., and Foot Locker, Inc., among others, urged lawmakers to pass legislation that would make it harder for thieves to resell stolen goods on online marketplaces that do very little to verify the identity of sellers.

“As millions of Americans have undoubtedly seen on the news in recent weeks and months, retail establishments of all kinds have seen a significant uptick in organized crime in communities across the nation,” the CEOs said.

“This trend has made retail businesses a target for increasing theft, hurt legitimate businesses who are forced to compete against unscrupulous sellers, and has greatly increased consumer exposure to unsafe and dangerous counterfeit products,” they said.

The CEOs said there’s no easy way to stop the wave of smash and grabs. Still, they offered new legislation for lawmakers on both sides of the political aisle to support the Notification and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act.

The proposed measure would “increase transparency online for all marketplaces, making it easier for consumers to identify exactly who they are buying from, and make it harder for criminal elements to hide behind fake screen names and false business information to fence illicit products while evading law enforcement.”

The retail industry has been decimated by the wave of smash and grabs in liberal cities where progressives have downgraded retail theft from a felony to a misdemeanor. Retailers, such as electronic store Best Buy saw its margins slide in its latest quarterly report to do thefts.

Major retail chains across the country are on alert this holiday season for criminal gangs. Some stores have even redesigned their front entrances to prevent robberies.

Meanwhile, Chicago Mayor Lori Lightfoot blamed stores for not taking adequate steps to prevent the thefts.

Progressive leadership needs to wake up before it’s too late and they’re voted out of office.

end

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

Air freight rates soar to record highs amid the California port crisis

(zerohedge)

Air Freight Rates Soar To Record High Amid California Port Crisis

WEDNESDAY, DEC 15, 2021 – 07:20 PM

President Biden’s plan to save Christmas by declogging Los Angeles and Long Beach ports has failed. The number of container ships anchored off the coast remains near record highs, and wait times to unload cargo is around three weeks. Some importers have opted out of the usual containerized shipping via ocean vessels for air freighters to ensure their goods make it to store shelves in time for the holidays.

Over the past three months, air freight rates on major shipping routes to and from China have doubled.

FT reports air freight rates between Shanghai to North America hit a record high of $14 per kilogram last week, up from $8 at the end of August. It even surpassed COVID highs of $12 when the entire world was using air freighters to ship medical goods worldwide during the early months of the pandemic. Similar routes such as Hong Kong to Europe and the US and transatlantic routes between the Europe and North America have experienced dramatic increases.

“Everyone knows if they want something on to the shelves before Christmas, they have to use air freight,” said Yngve Ruud, head of global airfreight at Kuehne+Nagel, one of the world’s largest freight forwarders.

Biden’s effort to reduce dwell times is not working, even after he announced a new directive for the twin ports in mid-October to operate on a 24/7 basis. We noted at the time, in a piece titled “Here’s The Truth Behind Biden’s 24/7 Port Operations Pledge,” that the move would not save Christmas. It now takes 21 days, or three weeks, for a vessel to enter the twin ports, that’s up from seven in August.

Widespread supply-chain disruptions on major ocean shipping lanes have been a boon for air freighters. Top US importers have switched to air freight for high-value items. The extra shipping costs via air are being passed onto the consumer through inflation.

Some airlines have converted their planes into air-freighters to take advantage of the heightened demand for the expedient but costly service.

The cost of air freight will make some goods much more expensive this holiday season, as the relief for snarled supply chains might not be seen until the second half of 2022.

end

Idiots!! New York bans clean and cheaper natural gas from new building in order to remove a carbon footprint(Charles Kennedy/OilPrice.com)

New York City Bans Natural Gas From New Buildings

THURSDAY, DEC 16, 2021 – 08:11 AM

Authored by Charles Kennedy via OilPrice.com,

The New York City Council voted on Wednesday to ban the use of natural gas in new buildings in a bid to reduce the city’s carbon footprint.

“The bill to ban the use of gas in new buildings will (help) us to transition to a greener future and (reach) carbon neutrality by the year 2050,” said City Council Speaker Corey Johnson, noting:
“We are in a climate crisis and must take all necessary steps to fight climate change and protect our city.”

Once it does, new buildings after 2027 will be heated by fossil fuel alternatives, most likely electricity, the report notes.

The idea of moving away from gas is not new. In California, the city of Berkeley became the first to enact a ban on new natural gas hookups in new buildings back in 2019. New York was among the cities that have been considering the measure for a while now, along with Denver, Seattle, and San Francisco.

For the proponents of gas bans, the benefits are clear and come down to lower carbon emissions. For the opponents, there are too many disadvantages, from the cost of switching a house from gas to electricity to the effect of more all-electric households on the grid.

“The intermittent nature of renewable sources like solar and wind necessitates another form of energy when the sun isn’t shining, and the wind isn’t blowing,” wrote the chief executive of the American Public Gas Association in an article commenting on the bans for Utility Dive.

State authorities seem to be against the measure in most of these places, but New York appears to be an exception. In New York City, heating, cooling, and electricity supply for buildings account for as much as 70 percent of carbon emissions, and supporters of the gas ban see it as a necessary step to reduce this amount.

Yet opponents don’t see it this way.

“Eliminating the direct use of natural gas in homes and businesses would simply shift the use of natural gas from inside the home to powering an already overburdened electric grid through natural gas-fired power plants—if we’re lucky—and in some cases, coal-powered plants,” Dave Shryver from the American Public Gas Association said back in June this year.

Until now, the most populated U.S. city that has banned gas in new buildings is San Jose in California with about 1 million residents.

However, as Reuters reports, New York’s move to all-electric buildings could mean a higher price tag for consumers using electricity for heat than those relying on gas. This winter, the average household in the U.S. Northeast is expected to pay $1,538 to heat their home with electricity, compared with gas at about $865.

iv) Swamp commentaries/

An absolute crook!

Speaker Pelosi Rejects The Idea Of Congressional Stock Trading Ban, Claiming “We’re A Free Market Economy”

THURSDAY, DEC 16, 2021 – 09:05 AM

House speaker Nancy Pelosi, who is worth $114 million and just 2 months ago was railing about how capitalism has “not served us well” and “needs improving” is all of a sudden a bold advocate for free market economics.

All it took was potentially taking away her (and her husband’s) stock trading privileges. Funny how that works, isn’t it?

“We are a free-market economy. They should be able to participate in that,” Pelosi said of the idea of barring members of Congress from trading individual stocks while in office.

“If people aren’t reporting, they should be,” Pelosi responded to Insider, who asked for comment after 49 members of Congress and 182 staffers had violated the STOCK Act that prevents insider trading.

This stance puts Pelosi immediately at odds with both Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez, who have spoken out against members of Congress trading individual stocks.

“It is absolutely ludicrous that members of Congress can hold and trade individual stock while in office,” AOC said earlier this year, via Twitter. “The access and influence we have should be exercised for the public interest, not our profit. It shouldn’t be legal for us to trade individual stock with the info we have.”

Warren referred to the trading by members of Congress as “brazenness” when asked by Insider for comment.

She continued: “We need both tougher laws and enforcement of those laws,” the Massachusetts Democrat said. “The American people should never have to guess whether or not an elected official is advancing an issue or voting on a bill based on what’s good for the country or what’s good for their own personal financial interests.”

We noted back in April of this year that Pelosi’s husband was using call options to buy names like Microsoft ahead of lucrative government contracts.

Recall, we wrote in September that Pelosi’s criticism of capitalism was that it had “historically allowed workers’ wages, as well as management’s, to rise alongside productivity”. Doing her best Karl Marx impression, Pelosi said at the time: “You cannot have a system where the success of some springs from the exploitation of the workers and springs from the exploitation of the environment and the rest, and we have to correct that.”

But we guess that line no longer plays…right Nancy?

end

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 u Well that is all for today

I will see you FRIDAY

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

PLATINUM $940.30 UP $19.25

PALLADIUM: $1732.05 UP $129.75/OZ

DONATE

NUMBER OF NOTICES FILED TODAY FOR DEC. CONTRACT: 500 NOTICE(S) FOR 50,000 OZ (1.555 tonnes)

60 NOTICE(S) FILED TODAY FOR 3,000,000 OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

THURSDAY MORNING/WEDNESDAY NIGHT:

b) REPORT ON JAPAN

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Trading Volumes on the COMEX GOLD TODAY 164,664 contracts// ///volume poor////

CONFIRMED COMEX VOL. FOR YESTERDAY: 166,196 contracts// quite poor

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

Peter Schiff: A Dove Doesn’t Change Its Feathers

ii) Important gold commentaries courtesy of GATA/Chris Powell

Craig Hemke at Sprott Money: After the Fed

Real rates will stay negative, Turk tells King World News

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

“Santa Rally Is Finally Here”: Futures Hit All Time High Day After Powell Goes Full Jean-Claude Trichet

3A/ASIAN AFFAIRS

3 a./NORTH KOREA/ SOUTH KOREA

3B CHINA

‘Closer Than Allies’: Xi & Putin Hail China-Russia Cooperation To Counter US “Interference”

4/EUROPEAN AFFAIRS

Cable Spikes After Bank Of England Unveils Surprise Rate-Hike

UK Suffers Record Jump In Daily COVID Cases As EU Warns Pandemic Could Last 2-3 More Years

Greenwald: Corbyn Leads British Left In Opposition To Vaccine Mandates As Anti-Worker And Repressive

ECB To Discontinue Pandemic Purchase Programme In March, Boosts Core QE Pace To €40BN In Q2

Germany Won’t Approve Nord Stream 2 Until July; EU NatGas Soars To New Record High

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

Turkish Police Arrest 51 People Accused Of Panic Hoarding New Cars

US Rejects Israeli Request For Expedited Tanker Aircraft Amid Iran Threat

We’re “Reaching End Of The Road” To Save Iran Deal: European Leaders

6.Global Issues

You Will Never Be “Fully Vaccinated”

YouTube Censors Bombshell Joe Rogan Interview With Cardiologist Peter McCullough

32,649 Deaths 3,003,296 Injuries Following COVID Shots in European Database of Adverse Reactions as Young, Previously Healthy People Continue to Suffer

December 15, 2021 3:37 pm

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

South Africa Health Minister Says Hospitalisations & Deaths “Remain Low”

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

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

USA trading day in Graph Form

Powell-Pump Dumped As Dollar Slumps, Gold Jumps

Initial Jobless Claims Rebound From 52-Year-Lows

US Housing Starts Surged In November

US Industrial Production Jumps To Highest Since Aug 2019

US PMIs Tumble In Early December Glimpse, Cost-Burdens Soar

LA District Postpones Vaccine Mandate As Thousands Of Students Remain Unvaxx’d

Vaccine Mandates & ‘The Great Resignation’: The Media Pretends There’s No Connection

Top Cardiologist Tells Joe Rogan Of “Intentional Plot” To Suppress Early COVID Treatments

“Hero” Judge Holds Hospital In Contempt: Give Ivermectin To Dying Woman Or Pay $10,000-A-Day Fine

Retailers Fed Up With ‘Smash And Grabs’ Send Urgent Letter To Congress

Air Freight Rates Soar To Record High Amid California Port Crisis

New York City Bans Natural Gas From New Buildings

Speaker Pelosi Rejects The Idea Of Congressional Stock Trading Ban, Claiming “We’re A Free Market Economy”

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