JAN 3/2022//GOLD CLOSED DOWN $26.70 TO $1800.60//SILVER DOWN 45 CENTS TO $22,83//GOLD STANDING AT THE COMEX RISES TO 3.7262 TONNES/SILVER OZ STANDING: 10.340 MILLION OZ/COVID COMMENTARIES//VACCINE MANDATE UPDATES//VACCINE IMPACT//BIG STORY OF THE DAY: ROBERT MALONE AND THE INDIANA INSURANCE INDUSTRY..COMMENTS ON THE HUGE RISE IN DEATHS OF WORKING AGE 18 YRS OLD TO 49 YEARS OLD//A MUST READ//DR ROBERT MALONE 3HR PODCAST WITH JOE ROGAN ALSO A MUST SEE//FUELLMICH COMMENTS ON 5% OF THE MRNA LOTS CAUSING 100% OF THE DAMAGE//USA INDUSTRIAL PRODUCTION FALTERS//GERMANY IMPERILS ITS ENERGY GRID BY YANKING 3 OF ITS NUCLEAR PLANTS//

GOLD; DOWN $26.70 to $1800.60

SILVER: $22.83 DOWN 45 CENTS

ACCESS MARKET:

GOLD $1802.20

SILVER: $22.91

..  OTC and London expire tomorrow Dec 31. Big question: will the crooks raid on first day notice?

Bitcoin:  morning price: 47,307 UP 1196

Bitcoin: afternoon price: 46,338 DOWN $227

Platinum price: closing DOWN $7.05 to $960.45

Palladium price; closing down  $75.70  at 1828.50

END

end

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COMEX//NOTICES FILED

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,827.500000000 USD
INTENT DATE: 12/31/2021 DELIVERY DATE: 01/04/2022
FIRM ORG FIRM NAME ISSUED STOPPED


363 H WELLS FARGO SEC 2
435 H SCOTIA CAPITAL 13
624 H BOFA SECURITIES 22
661 C JP MORGAN 19 6
686 C STONEX FINANCIA 4
737 C ADVANTAGE 20 2
800 C MAREX SPEC 9 7


TOTAL: 52 52
MONTH TO DATE: 1,097

NUMBER OF NOTICES FILED TODAY FOR  JAN. CONTRACT: 52 NOTICE(S) FOR 5200 OZ  (0.1617  TONNES)

total notices so far:  1097 contracts for 109700 oz (3.4121 tonnes)

SILVER NOTICES:

2 NOTICE(S) FILED TODAY FOR  100,000   OZ/

total number of notices filed so far this month 1556  :  for 7.780,000  oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD

WITH GOLD DOWN $26.70 TO $1800.60

NO CHANGES IN GOLD INVENTORY AT THE GLD:

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

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

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

THIS IS A MASSIVE FRAUD!!

GLD  975,66 TONNES OF GOLD//

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 45 CENTS: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 2.219 MILLION OZ FROM THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 530.838 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE


SILVER COMEX OI FELL BY A  SMALL 300 CONTRACTS TO 140,153  AND RESTS FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020.. DESPITE THE  $0.29 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY.  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.29) AND WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A SMALL GAIN OF 162 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 SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.505 MILLION OZ FOLLOWED BY TODAY’S 165,000 OZ EFP TO LONDON       V) SMALL SIZED COMEX OI LOSS.

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: 


THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS  -162

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS  DEC 31 ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF JAN: 

TOTAL CONTACTS for 1 days, total  contracts: 300 or …average per day:  300 contracts or 1.5 million oz per day.

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 300 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 1.5 MILLION OZ

.

LAST 8 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

DEC: 100.615 MILLION OZ 

RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 300 DESPITE OUR 29 CENT GAIN SILVER PRICING AT THE COMEX// FRIDAY  THE CME NOTIFIED US THAT WE HAD A  SMALL SIZED EFP ISSUANCE OF  300 CONTRACTS( 300 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 JAN OF 10.505 MILLION OZ FOLLOWED BY TODAY’S 165,000 EFP TO LONDON//NEW STANDING 10.340 MILLION OZ//  .. WE HAD A TINY SIZED LOSS OF 4 OI CONTRACTS ON THE TWO EXCHANGES FOR 0.020 MILLION OZ//

WE HAD 2 NOTICES FILED TODAY FOR 10,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A GOOD SIZED 4223 TO 512,591 , 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: -706  CONTRACTS

.

THE GOOD SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $14.05//COMEX GOLD TRADING/FRIDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION  AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED A STRONG SIZED 7604 CONTRACTS… 

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 5300 OZ QUEUE JUMP//NEW STANDING: 3.7262 TONNES      

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $14.05 WITH RESPECT TO FRIDAY’S TRADING

WE HAD  A STRONG SIZED GAIN OF 6898  OI CONTRACTS (21.455 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2675 CONTRACTS:

FOR FEB 2675  ALL OTHER MONTHS ZERO//TOTAL: 2675 

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 513,297.

IN ESSENCE WE HAVE A  STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 6898, WITH 4223 CONTRACTS INCREASED AT THE COMEX AND 2675 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 6898 CONTRACTS OR 21.455 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2675) ACCOMPANYING THE GOOD SIZED GAIN IN COMEX OI (4223): TOTAL GAIN IN THE TWO EXCHANGES 6898 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 3.7262 TONNES/.  3)ZERO LONG LIQUIDATION,4)  GOOD 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 FEB.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 JAN HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF FEB, 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 (FEB), 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

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 2675 CONTRACTS OR 267,500 oz OR 13.375 TONNES (1 TRADING DAY(S) AND THUS AVERAGING: 2675 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 1 TRADING DAY(S) IN  TONNES: 13.375 TONNES

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

THUS EFP TRANSFERS REPRESENTS  13.375/3550 x 100% TONNES  0.376% 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/

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.           145.12 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, FELL BY A SMALL SIZED 300 CONTRACTS TO 140,153  AND FURTHER FROM OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  4 1/2 YEARS AGO.  

EFP ISSUANCE 300 CONTRACTS

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

MAR 300  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  300 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 304 CONTRACTS AND ADD TO THE 300 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A TINY SIZED LOSS OF 4 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 0.020 MILLION  OZ, 

OCCURRED WITH OUR $0.29 GAIN IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY 

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,

3. ASIAN AFFAIRS

i)MONDAY MORNING SUNDAY  NIGHT

SHANGHAI CLOSED      //Hang Sang CLOSED DOWN 122.92 PTS OR 0.53% /The Nikkei closed DOWN 115.17 PTS OR .40%      //Australia’s all ordinaires CLOSED  /Chinese yuan (ONSHORE) closed    /Oil DOWN 74.80 dollars per barrel for WTI and UP TO 77.61 for Brent. Stocks in Europe OPENED  MOSTLY GREEN    //  ONSHORE YUAN CLOSED  AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3669: /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%

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

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A GOOD SIZED 4223 CONTRACTS  AND CLOSER TO THE RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS COMEX INCREASE OCCURRED WITH OUR GAIN OF $14.05 IN GOLD PRICING FRIDAY’S COMEX TRADING. WE ALSO HAD A FAIR EFP (2675 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  NON ACTIVE DELIVERY MONTH OF JAN..  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 2675 EFP CONTRACTS WERE ISSUED:  ;: ,  DEC  :  0  & FEB. 2675 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  2675 CONTRACTS 

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

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A GOOD SIZED 6152  TOTAL CONTRACTS IN THAT 1550 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A GOOD SIZED   COMEX OI OF 4602  CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN   (3.7262),

 HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021:

DEC 2021: 112.217 TONNES

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 ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL SO FAR THIS YEAR (JAN- DEC): 601.213 TONNES

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $14.05)

AND THEY WERE  UNSUCCESSFUL IN FLEECING ANY  LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 21.455 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (3.7262 TONNES)…

WE HAD – 706 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 6898 CONTRACTS OR 689,800 OZ OR 21.455 TONNES

Estimated gold volume today: 167,786 extremely poor//despite the raid

Confirmed volume on Friday: 117,017 contracts extremely poor

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD DEC 31

GoldOunces
Withdrawals from Dealers Inventory in oznil oz
Withdrawals from Customer Inventory in oz nil oz
 
                                                                                                                            
Deposit to the Dealer Inventory in oznilOZ            
Deposits to the Customer Inventory, in oz      nil                                                
No of oz served (contracts) today52  notice(s)5200 OZ0.1617 TONNES
No of oz to be served (notices)101 contracts  10,100 oz 0.3141 TONNES  
Total monthly oz gold served (contracts) so far this month1097 notices 109,700 OZ3.4171 TONNES  
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthxxx oz

DEC 31 COMEX INVENTORY MOVEMENTS//AMOUNTS STANDING

For today:

No dealer deposit 0

No dealer withdrawal 0

No customer deposit 0

0 customer withdrawal

ADJUSTMENTS 0 

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 153 stand for JANUARY losing 992 contracts.  We had 1045 notices filed on Friday, so we gained 53 contracts or an additional 5300 oz will stand for

gold in this very non active delivery month of January.

FEBRUARY GAINED 3024 CONTRACTS TO 382,266

March has initiated its first 11 contracts to stand at 11..

We had 52 notice(s) filed today for 5200  oz FOR THE JAN 2022 CONTRACT MONTH


Today, 0 notice(s) were issued from J.P.Morgan dealer account and 19 notices were issued from their client or customer account. The total of all issuance by all participants equates to 62  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and  6 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 JAN /2021. contract month, 

we take the total number of notices filed so far for the month (1097) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN: 153 CONTRACTS ) minus the number of notices served upon today  52 x 100 oz per contract equals 119,800 OZ  OR 3.7262 TONNES the number of TONNES standing in this NON active month of JAN.  

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

No of notices filed so far (1097) x 100 oz+   (153)  OI for the front month minus the number of notices served upon today (52} x 100 oz} which equals 119,800 oz standing OR 3.7262 TONNES in this NON active delivery month of JAN. 

We gained 53 contracts or an additional  5300 oz of gold will stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING:  3.7262 TONNES  (VERY STRONG FOR A JANUARY DELIVERY MONTH)

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

54,339.114oz PLEDGED JPMorgan no 1  1.690

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 tonne

Loomis: 18,615.429 oz

total pledged gold:  1,653,017.372oz                                     51.42 tonnes

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 33,805,206.506 OZ (1051.48 TONNES)

TOTAL ELIGIBLE GOLD: 16,125,612.792 OZ (501.57 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,679,593.104 OZ  (549.909 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 16,026,574,0 OZ (REG GOLD- PLEDGED GOLD)  498.49 tonnes

END

SILVER COMEX DEC 31/2021

JANUARY 2022 CONTRACT MONTH

INITIAL STANDING FOR SILVER//DEC 31/2021

INITIAL STANDING FOR SILVER//DEC

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory21,047.190  oz HSBC                                                                                                                       
Deposits to the Dealer InventorynilOZ                   
Deposits to the Customer Inventorynil oz                                                                                   
No of oz served today (contracts)CONTRACT(S)10,000  OZ) 
No of oz to be served (notices)512 contracts (2,560,000 oz)
Total monthly oz silver served (contracts)1556 contracts 7,780,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

And now for the wild silver comex results

we had 0 deposits into the dealer

total dealer deposits:  nil       oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

We had 0 deposit to the customer account:

JPMorgan has a total silver weight: 184.663 million oz/355.703 million =51.89% of comex 

ii) Comex withdrawals:

a)  out of HSBC:  32,047.190 oz

total withdrawal 32,047.190 oz

we had 1 adjustments dealer to customer:1) JPMorgan  279,577.630 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.956 MILLION OZ

TOTAL REG + ELIG. 355.671 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 9019 CONTRACTS FOR 45,095,000 OZ

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

JANUARY LOST1587 CONTRACTS TO STAND AT 514

FEBRUARY GAINED 2 CONTRACTS TO STAND AT 298

MARCH: GAINED 1097 CONTRACTS TO 116,950  

NUMBER OF NOTICES FILED TODAY: 2 NOTICES OR 100,000 OZ

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

silver open interest data:

Total oi for the silver complex: 140,153 contracts LOSING 138 contracts on the day

FRONT MONTH OF JAN//2022 OI: 514 CONTRACTS LOSING 1587 contracts on the day

We had 1554 notices filed on Friday so we lost 33 contracts which were EFP’d to London  (165,000 oz)

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 1556 CONTRACTS FOR 7,780,000 OZ

FOR MARCH WE HAD A GAIN OF TWO CONTRACTS UP TO 2

Comex volumes: 46,365 poor//despite the raid (est. today)

Comex volume: confirmed YESTERDAY: 32,877 contracts (poor)

To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at  1556 x 5,000 oz =. 7,780,000 oz 

to which we add the difference between the open interest for the front month of JAN (514) and the number of notices served upon today 2 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the JAN./2021 contract month: 1556 (notices served so far) x 5000 oz + OI for front month of JAN (514)  – number of notices served upon today (2) x 5000 oz of silver standing for the JAN contract month equates 10,340,000 oz. .

We lost 33 contracts or 165,000 oz were EFP’d to London

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

END

GLD AND SLV INVENTORY LEVELS:

GLD

JAN 3/WITH GOLD DOWN $26.70: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

DEC 31/WITH GOLD UP $14.05 : NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

DEC 30/WITH GOLD UP $7.75 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

DEC 29/WITH GOLD DOWN $5.00 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.03 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 975.66 TONNES

DEC 28/WITH GOLD UP $2.00 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 973.63 TONNES 

DEC 27/WITH GOLD DOWN $2.05: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 973.63 TONNES.

DEC 23/WITH GOLD UP $9.85 TODAY//A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.94 TONNES FROM THE GLD/// INVENTORY RESTS AT 973.63 TONNES

DEC 22/WITH GOLD UP $12.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 978.57 TONNES

DEC 21/WITH GOLD DOWN $7.05 TODAY, NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 978.57 TONNES

DEC 20/WITH GOLD DOWN $9.65 TODAY; A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.37 TONNES INTO THE GLD///INVENTORY RESTS AT 977.20 TONNES

DEC 17/WITH GOLD UP $7.05 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 977.20 TONNES

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.

XXXXXXXXXXXXXXXXXXXXXXXXX

Inventory rests tonight at: 975.66 TONNES

SLV

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

JAN 3/WITH SILVER DOWN 45 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.219 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 530.838 MILLION OZ//

DEC 31/WITH SILVER UP 29 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 533.057 MILLION OZ//

DEC30/WITH SILVER UP 14 CENTS TODAY; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 4.624 MILLILON OZ FROM THE SLV.//INVENTORY RESTS AT 533.057 MILLION OZ//

DEC 29/WITH SILVER DOWN 22 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 537.681 MILLION OZ/

DEC 28/WITH SILVER UP 9 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.682 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 537.681 MILLION OZ//

DEC 27/WITH SILVER UP 6 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 537.681

DEC 23/WITH SILVER UP 19 CENTS TODAY:A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 537.681 MILLION OZ//

DEC 22/WITH SILVER UP 29 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 538.883 MILLION OZ/

DEC 21/WITH SILVER UP 19 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.728 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 540.085 MILLION OZ

DEC 20/WITH SILVER DOWN 22 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 538.282 MILLION OZ

DEC 17/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 538.282 MILLION OZ//

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///

CLOSING INVENTORY:  530.838 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

end

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

END

Important gold commentaries courtesy of GATA/Chris Powell

Robert Lambourne reports on an extraordinary rise in the uSA debt during the last two weeks

(Robert Lambourne)

Robert Lambourne: An extraordinary rise in U.S. debt in just the last two weeks

Submitted by admin on Sun, 2022-01-02 16:47 Section: Daily Dispatches

By Robert Lambourne
Sunday, January 2, 2022

The debt of the U.S. federal government is a factor that should affect the price of gold since the U.S. dollar is the world reserve currency. Recent developments in the level of the federal government debt are perplexing and it appears that debt levels are increasing rapidly, but presumably some of this is due to efforts to suppress reported debt levels below the official debt limit prior to its increase on December 16, 2021.

On that day the debt limit was increased from $28,881 billion to $31,381 billion, an increase of $2,500 billion.

The table below highlights the substantial increase in the debt level reported in recent days:

* * *

Date         Debt level
                 $Billions

30-Dec … 29,468
29-Dec … 29,447
28-Dec … 29,444
27-Dec … 29,366
24-Dec … 29,340
23-Dec … 29,338
22-Dec … 29,344
21-Dec … 29,299
20-Dec … 29,201
17-Dec … 29,193
16-Dec … 29,180
15-Dec … 28,881

* * *

As can be seen, since the increase in debt limit after the close of business on December 15 the federal debt has increased by a reported amount of $587 billion, or $293 billion per week over the two-week period. This compares to the period of 50 weeks from December 31, 2020, which saw debt increase by $1,160 billion, or $23 billion per week.

So in just the last two weeks debt has increased by nearly half the increase seen in all of 2021 up to December 15. 

No doubt a substantial proportion of this increase was due to efforts to suppress the reported debt level to keep within the limit of $28,881 billion in place as of December 15. But still the recent increase in the debt level appears to be accelerating markedly.

Perhaps the amount of debt suppressed and hence excluded from the reported debt at December 15 was around $300 billion, which is the actual increase in debt reported on December 16. If this is the case, then the average weekly increase in debt in the first 50 weeks of 2021 becomes $29 billion and the average increase in the two weeks after December 16 becomes $143 billion.

So perhaps the suppression as of December 15 was even bigger, but no explanation is provided with the figures.

It would make sense for the U.S. Treasury Department to explain better the underlying trends in debt increase, and it seems surprising that more focus on requesting and examining this hasn’t come from the financial press. But it is hard to imagine that this apparently relaxed attitude toward explaining the huge recent increases in federal government debt should not be positive for the gold price.

—–

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

END

Your holiday reading material

Alasdair Macleod.

Alasdair Macleod: The ugly side of Triffin

Submitted by admin on Fri, 2021-12-31 21:13 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, December 31, 2021

Following the Lehman crisis, it became fashionable to cite the Triffin dilemma as justification for inflationary U.S. policies and why they would not undermine the U.S. dollar in the foreign exchanges.

But far from being simply a justification for continual dollar trade deficits, Triffin correctly described a situation that was bound to lead to problems for a reserve currency. 

This article describes how his analysis was borne out by events during the Bretton Woods Agreement, and the lessons that can be learned from it with respect to the current situation facing the dollar. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/the-ugly-side-of-triffin?gmrefcode=gata

end

Pam and Russ Martens: There’s a news blackout on banks that got Fed’s emergency repo loans

Submitted by admin on Mon, 2022-01-03 10:12 Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Monday, January 3, 2022

Four days ago the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. 

Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy.

That’s blockbuster news. But as of 7 a.m. today, not one major business media outlet has reported the details of the Fed’s big reveal.

On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. 

This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis. …

… For the remainder of the report:

https://wallstreetonparade.com/2022/01/theres-a-news-blackout-on-the-feds-naming-of-the-banks-that-got-its-emergency-repo-loans-some-journalists-appear-to-be-under-gag-orders/

end

OTHER COMMODITIES/COFFEE

Coffee has the largest annual increase since 1994

(zerohedge)

Arabica Coffee Set For Largest Annual Increase Since 1994

 FRIDAY, DEC 31, 2021 – 10:30 PM

Arabica coffee futures are about to register their largest annual gain in a quarter-century due to a global deficit. 

Arabica coffee futures jumped 78% to about $2.30 per pound in New York this year, putting it on track for the best year since 1994. 

“Severe weather in Brazil, the world’s largest arabica supplier, decimated coffee plantations, contributing to a global shortage just as demand for the high-end variety of beans expanded. That coincided with supply chain bottlenecks including container shortages and longer shipping times,” Bloomberg explained. 

We first documented the tightening of global supplies on Mar. 25 in a commodity note titled “”Nightmare” Of Factors Pushing World Into Coffee Deficit.” Since then, the situation has become even more severe.  

So what does this mean for the wallets of US consumers?

According to a recent Barclays note, US importers like Starbucks are hedged out for more than a year to deal with price fluctuations. Though JM. Smucker, which owns the Folgers and Dunkin’ coffee brands, recently warned that supply chain disruptions are rising costs that will impact its business.

It’s only a matter of time before coffee inflation strikes consumers in 2022. 

END

LUMBER

Cost of building ahome is  heading back up due to the high price of lumber

(Mish Shedlock/Mishtalk)

Cost Of Building A Home Headed Back Up As Lumber Rips Higher To Finish 2021

 SUNDAY, JAN 02, 2022 – 07:40 PM

Authored by Mike Shedlock via MishTalk.com,

Looking to build a house? Lumber prices tell you what direction prices are headed.

After hitting record highs near $1700 the price of lumber crashed below $500. 

The respite didn’t last long. Lumber closed December at $1127.70.  

Historically, the normal price would be in the range $250 to $400. That makes lumber about 3 times higher than what builders are used to paying. 

Builders will pass on these hikes as well as the price of labor and other materials. And land prices are out of sight in many areas. 

Not Inflation

Economists say this isn’t inflation. And none of it is in the CPI. 

But if it’s not inflation, what is it? 

Of course it’s inflation, just not consumer inflation. That makes the CPI and PCE numbers less than useless measures of inflation. 

Every Measure of Real Interest Rates Shows the Fed is Out of Control

As noted on December 29, Every Measure of Real Interest Rates Shows the Fed is Out of Control.

Two of those measures, especially PCE, the Fed’s preferred measure are ridiculous. 

My alternate measure, a housing-adjusted CPI, is at 9.31% making real interest rates -9.23%

* END

URANIUM

Uranium Stocks Soar After EU Seeks Green Light For Nuclear Projects

MONDAY, JAN 03, 2022 – 03:55 PM

Long before European energy prices went stratospheric, in December 2020, we predicted that Uranium stocks were set to surge as it was only a matter of time before the Green lobby lumped the Uranium sector along with the rest of the ESG space (see :“Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze”). So it would be stand to reason that the case to “bless” nuclear power was that much more powerful when European energy prices just went through a period of unprecedented hyperinflation.

That’s exactly what happened on the first day of the year, when uranium companies surged higher, extending on one of the best trades in the past year (the Uranium URA ETF is double since we first recommended the space in early Dec 2020), after the European Union said it is planning to allow some nuclear energy projects to be classified as sustainable investments, a proposal that sparked immediate criticism from the Greens who would rather freeze to death and spend all their money to keep warm during the winter than allow a few nuclear power plants to restart.

According to the draft, sent on Friday to EU national governments for review, nuclear energy could be classified as sustainable as long as new plants that are granted construction permits by 2045 meet a set of criteria to avoid significant harm to the environment and water resources, Bloomberg reported.

“The Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future,” the EU executive arm said in a statement on Saturday.

The reason why global uranium stocks spiked is because the design of the EU investment classification system – known as the taxonomy – is closely watched by investors worldwide and could potentially attract billions of euros in private finance to help the green transition. The challenge is to ensure the decision on nuclear and gas gets political support, while avoiding the risk of greenwashing, or overstating the significance of emissions cuts, something that has plagued virtually every other aspect of ESG.

Europe wants to reach carbon neutrality by the middle of the century under the Green Deal, a sweeping overhaul that aims to accelerate pollution cuts in all areas, from energy production to transport. Yet for some lawmakers, investors and activists, classifying gas or nuclear projects as green would harm the entire sustainable investment rulebook.

“Including nuclear power and gas in the EU taxonomy is like labeling a caged egg as organic,” said Michael Bloss, a German member of the Green group in the European Parliament. “Instead of channeling money into investments in the solar and wind industries, old and extremely expensive business models can now be continued under false guise.”

On the other hand, considering that it will take years if not decades for solar and wind to be viable alternatives to coal, nat gas or nuclear, it really doesn’t matter whether the egg is caged or organic as long as Europeans don’t freeze, and one more winter like this one and Europe’s parties of “Green” hypocrites will be kicked out of parliament permanently, as the locals decide they’d rather have at least nuclear power than spend their entire paycheck on heating and power bills.

As Bloomberg notes, the taxonomy aims to guide investors to clean projects. The decision on whether it should include gas and nuclear power was delayed in April following criticism that such an addition could undermine the credibility of the system.

Giving a temporary green label to certain gas projects gas projects could facilitate investments in cleaning up coal-based heating systems in countries such as Poland. That’s an argument often raised by East European politicians.

Meanwhile, the inclusion of some nuclear energy projects would help attract private finance in nations from France to the Czech Republic, which plan to rely on atomic power in their transition to net-zero emissions.

The Commission is also planning to ensure a high degree of transparency to investors concerning gas and nuclear energy, introducing specific disclosure requirements for non-financial and financial undertakings.

Member states and the Platform on Sustainable Finance have until Jan. 12 to provide feedback. The Commissions will then adopt the delegated act later this month. In the next step, it will be sent to EU nations and the European Parliament for scrutiny.

And while we wait, the market is clearly looking for a favorable outcome, leading to surges across most uranium sector names including:

  • Uranium Energy up 7.5%
  • Uranium Royalty up 8.2%
  • Energy Fuels up 7.9%
  • Denison Mines up 7.3%
  • NexGen Energy up 5.9%
  • Cameco up 4.0%
  • Global X Uranium ETF (URA) gains 5.00%

If the European outcome is favorable, expect much more upside as our core thesis plays out.

CRYPTOCURRENCIES/

END

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

ONSHORE YUAN: CLOSED

OFFSHORE YUAN: 6.3669

HANG SANG CLOSED DOWN 115.17 PTS OR 0.60%

2. Nikkei closed

3. Europe stocks  MOSTLY GREEN  

USA dollar INDEX DOWN TO  95.83/Euro RISES TO 1.1355-

3b Japan 10 YR bond yield: RISES TO. +.072/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 114.97/ 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  ABOVE 17,000

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

3e WTI:: 74.80 and Brent: 77.61-

3f Gold DOWN/JAPANESE Yen UP CHINESE YUAN:   ON -SHORE CLOSED XX//  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 DOWN for WTI and DOWN FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.164%/Italian 10 Yr bond yield FALLS to 1.17% /SPAIN 10 YR BOND YIELD RISES TO 0.57%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.35: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.32

3k Gold at $1808.55 silver at: 22.80   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 39/100 in roubles/dollar) 74.40

3m oil into the 74 dollar handle for WTI and 77 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 114.97 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 .9134 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0374 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.

USA 10 YR BOND YIELD: 1.542 UP 3 BASIS PTS

USA 30 YR BOND YIELD: 1.929 UP 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.29

Futures, Global Markets Start 2022 With A Bang

 MONDAY, JAN 03, 2022 – 08:02 AM

If 2021 ended with a whimper, then 2022 is starting off with a bang, as futures on all major U.S. equity indexes rise on the first trading day of the year amid light volumes with markets including the U.K., Japan China, Australia and New Zealand closed for holidays. Europe’s Stoxx 600 rose 0.6%. In Hong Kong, property shares dropped and China Evergrande Group halted trading without an explanation. The dollar rose, as did bond yields and bitcoin, while oil erased earlier gains.  At 745am, emini S&P futures traded 29 points, or 0.61% higher, and rising as high as 4,790, just inches away from all time highs of 4,799.75; Dow futs were 172 points or 0.48% higher and the Nasdaq was also in the green by 29 points or 0.6%.

Investors continue to weigh the impact of the rapid spread of the omicron Covid-19 variant on the economic recovery, even as it appears less severe than earlier strains. Investors are also focusing on the policy trajectory of the Federal Reserve and other central banks into 2022, particularly as inflation continues to present a challenge.

In premarket moves, Tesla’s shares climbed 6.8% in U.S. premarket trading after the company reported record quarterly deliveries.  Alibaba ADRs dropped in premarket trading with shares listed in Hong Kong on concern that some investors may pare stakes amid data showing the conversion of company’s ADRs into Hong Kong shares has picked up pace.

And with the new year, broad, sweeping assessments are hitting the tape, such as this one from Jefferies strategist Sean Darby who wrote that last year “was simply a period of ‘risk on,’” adding that “peering into 2022, we expect volatility to rise, meaning that the return per unit of risk comes to the forefront.”

European equities rose on the first day of trading in 2022 and headed for a record on bets that the global economy can weather the impact of the omicron coronavirus variant. The Stoxx Europe 600 Index rose 0.5% to 490.47, above the record closing level set in November, led by gains by automakers and chemical sector companies. Meanwhile, the Euro Stoxx 50 climbed 0.9%. U.K. markets were closed for a holiday on Monday.

European stocks had climbed 22% last year and have posted seven consecutive quarters of gains — the longest winning streak since 1998. Most strategists expect this year’s returns to be more muted, with an average target of 506 index points for the Stoxx 600. Among individual movers, Vestas Wind Systems A/S dropped after the company announced details of its fourth-quarter order intake. Sydbank AS said the order tally was “weak.”

Asian stocks were mixed on their first trading session of 2022, with Hong Kong’s benchmark gauge dropping on concerns over the spread of the omicron variant and the financial health of China’s real estate sector.    The MSCI Asia Pacific Index was little changed after rising as much as 0.3%, weighed down by consumer discretionary and health-care firms. Hong Kong’s Hang Seng Index slid 0.5%, with Chinese developers tumbling on media reports that China Evergrande Group has been ordered to tear down apartment blocks in Hainan province. Read: Property Stocks Sink After Demolition Order: Evergrande Update Shares in Hong Kong also dropped amid a fresh wave of infections tied to an outbreak at a local restaurant. The city administered more than 7,000 initial injections on both Saturday and Sunday, the most since the end of November. “Any further restrictions to curb virus spreads remain a key risk to watch, and more clarity will be sought from economic data over the coming weeks to validate the resilience of the economy” of the U.S., said Jun Rong Yeap, a strategist at IG Asia Pte in Singapore. Malaysia’s stock index was the region’s worst performer, dropping 1.2%, while South Korea and Taiwan equities rose.

Markets in mainland China, Japan, Australia and New Zealand were closed for holidays. Asia’s stock benchmark capped an annual loss of 3.4% in 2021 in its worst performance since 2018, lagging behind the U.S. and Europe.

India’s key equity gauges posted their best gain in nearly four weeks, led by a rally in banking and software stocks as investors shift focus to the upcoming corporate earnings season for the latest quarter.  The S&P BSE Sensex rose 1.6% to 59,183.22 in Mumbai, the most since Dec. 8. The benchmark also posted its biggest advance on the first trading day of a new year since 2009. The NSE Nifty 50 Index gained by a similar magnitude on Monday. All of the 19 sector sub-indexes compiled by BSE Ltd. climbed, led by gauges of banking and financial companies. The corporate earnings season for the December quarter will start with Infosys and Tata Consultancy Services announcing results on Jan. 12. Investors will be focusing on the software exporters’ commentary on demand amid rising cost pressures. HDFC Bank contributed the most to the index gain, increasing 2.7%. Out of 30 shares in the Sensex index, 25 rose and five fell

With much of Europe including the U.K. on bank holiday, Treasuries reopen around 7am ET with yields cheaper by 2bp to 4bp across the curve and losses led by belly.  U.S. 10-year yields around 1.535%, cheaper by ~2bp vs Friday’s close, while 5-year yields are higher by more than 3bp; 5s30s is flatter by ~1bp. Gains for most European stock benchmarks add to cheapening pressure on yields, as S&P 500 futures trade above Friday’s high.  Ahead of the cash open Treasury futures edged lower during Asia session European morning on light volume as S&P 500 futures advanced toward last week’s record highs.

In FX, the Bloomberg Dollar Spot Index inched up and the dollar traded mixed against its Group-of-10 peers in thin trading, with Japan, Australia and New Zealand markets shut for holidays. The Canadian dollar was the worst performer while the New Zealand dollar climbed against all of its Group-of-10 peers. The euro slipped to trade around $1.1350 and Bund yields rose, led by shorter maturities, while European peripheral spreads narrowed.

In commodities, in early trading oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by a view that the Omicron coronavirus variant is unlikely to significantly dampen the outlook. Libyan oil output will be cut by 200,000 barrels per day for a week due to pipeline maintenance. OPEC and its allies, known as OPEC+, are expected to stick to a plan to raise output gradually at a meeting on Tuesday.

Brent crude rose 95 cents, or 1.2%, to $78.73 a barrel. West Texas Intermediate crude added $1.03 or 1.4%, to $76.24. Last year, Brent rose 50%, spurred by the global recovery from the COVID-19 pandemic and OPEC+ supply cuts, even as infections reached record highs worldwide.

“Infection rates are on the rise globally, restrictions are being introduced in several countries, the air travel sector, amongst others, is suffering, yet investors’ optimism is tangible,” said Tamas Varga of oil broker PVM. “It seems that the current strain produces less severe symptoms than its predecessors, which might just help us to struggle through the fourth wave of the pandemic.”

Some see more gains in 20222: “Crude and oil product prices should benefit from oil demand moving above 2019 levels,” said a report from UBS analysts including Giovanni Staunovo. “We expect Brent to rise into a $80–90 range in 2022.”

Key U.S. events this week include minutes of the December FOMC meeting and non-farm payrolls; on deck today is the Flash Markit Manufacturing PMI read for December as well as the November construction spending data.

Market Snapshot

  • S&P 500 futures up 0.5% to 4,781.25
  • STOXX Europe 600 up 0.5% to 490.21
  • MXAP little changed at 193.17
  • MXAPJ little changed at 630.24
  • Nikkei down 0.4% to 28,791.71
  • Topix down 0.3% to 1,992.33
  • Hang Seng Index down 0.5% to 23,274.75
  • Shanghai Composite up 0.6% to 3,639.78
  • Sensex up 1.6% to 59,208.86
  • Australia S&P/ASX 200 down 0.9% to 7,444.64
  • Kospi up 0.4% to 2,988.77
  • Brent futures up 1.6% to $78.99/bbl
  • Gold spot down 0.1% to $1,827.19
  • U.S. Dollar Index up 0.1% to 95.80
  • German 10Y yield little changed at -0.18%
  • Brent futures up 1.4% to $78.83/bbl

Top Overnight News from Bloomberg

  • Senate Majority Leader Chuck Schumer is vowing to bring a revised version of the $2 trillion tax, climate and spending package to the floor for a vote as soon as this month, despite unresolved differences within his party that have stalled the legislation
  • President Joe Biden reaffirmed U.S. support for Ukraine’s sovereignty on Sunday in a call with the country’s president, Volodymyr Zelenskiy
  • Germany’s Finance Minister Christian Lindner said the new government is working on tax relief measures of more than 30 billion euros ($34 billion)
  • Turkish inflation surged to a 19-year high in December, propelled by a slump in the lira and President Recep Tayyip Erdogan’s push for cheaper borrowing
  • Asia’s factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the omicron strain begins to spread in the region

Top Asian News

  • North Korean Defector Likely Crossed DMZ Twice, Seoul Says
  • Property Stocks Sink After Demolition Order: Evergrande Update
  • Alibaba Drops on Concern Over Conversion of ADRs to H.K. Shares
  • Hong Kong’s Stock Benchmark Marks Its Worst Start in Three Years
  • Star China Stock Fund Manager Suffers a Disastrous 2021
  • Tokyo Finds 103 New Covid Cases, Most in Nearly Three Months

Top European News

  • Nordea Analysts Who Wrote Retracted Report to Leave Bank
  • Iveco Valued at $4.4 Billion in Spinoff to Navigate Truck Shift
  • Germany Heads Toward New Pandemic Measures as Omicron Threatens

US Event Calendar

  • 9:45am: Dec. Markit US Manufacturing PMI, est. 57.7, prior 57.8
  • 10am: Nov. Construction Spending MoM, est. 0.7%, prior 0.2%

3. ASIAN AFFAIRS

i)MONDAY MORNING SUNDAY  NIGHT

SHANGHAI CLOSED      //Hang Sang CLOSED DOWN 122.92 PTS OR 0.53% /The Nikkei closed DOWN 115.17 PTS OR .40%      //Australia’s all ordinaires CLOSED  /Chinese yuan (ONSHORE) closed    /Oil DOWN 74.80 dollars per barrel for WTI and UP TO 77.61 for Brent. Stocks in Europe OPENED  MOSTLY GREEN    //  ONSHORE YUAN CLOSED  AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3669: /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

END

3B JAPAN

end

3c CHINA

END

CHINA/HONG KONG/

Largest remaining indepedent Hong Kong news outlet announces closure as they cite  a pro China brewing storm.

(zerohedge)

Largest Remaining Independent HK News Outlet Announces Closure, Cites Pro-China “Brewing Storm”

 SUNDAY, JAN 02, 2022 – 09:20 PM

More independent Hong Kong media outlets are shutting their doors in the continued wake of the oppressive pro-China national security law and a spate of local crackdowns against activities deemed “seditious”

Citing fears over the safety of its staff the online portal Citizen News over the weekend announced it will cease operations this coming Tuesday. Publishing continuously since 2017, Citizen News indicated in a statement that it will be forced to self-censor if it were to move forward. The company said it can no longer “fearlessly” report in the current environment without the potential of harm coming to its staff.HK police, file image: Reuters

“Regrettably, the rapid changes in society and worsening environment for media make us unable to achieve our goal fearlessly. Amid this crisis, we have to first make sure everyone on the boat is safe,” Citizen News said. The decision comes, the outlet described, as it finds itself in the center of a “brewing storm”

Last week’s police raid on the popular independent online news headquarters of Stand News in Hong Kong had a clear chilling effect on all remaining independent and opposition media. That raid just days ago involved over 200 officers and the seizure of all suspected “subversive” and “seditious” journalistic materials under last year’s national security law. At least six were arrested – and among these two senior editors charged and denied bail.

Police described Stand News in particular as having “stirred up hatred or contempt for the government and judiciary,” the AP noted. HK police further had some friendly “advice” for all other media and journalists: 

“We are not targeting reporters, we are not targeting the media, we just targeted national security offenses,” said Li Kwai-wah, senior superintendent of the police National Security Department. “If you only report, I don’t think this is a problem.”

He said at a news conference that those arrested had to account for their actions even if they had resigned from Stand News.

Asked what advice he had for the media, Li replied, “Don’t be biased. You know well how to report, how to be a responsible reporter, how to make a non-biased report to your readers. That’s all I can give you.”

So journalists have been put on notice and warned about crossing a “red line” – however, it remains intentionally opaque as to what exactly these “boundaries” are…

So it appears this “message” is having its intended chilling effect as more and more indy outlets bite the dust, despite those like Citizen News having been formed and run by veteran journalists in Hong Kong. 

Here’s the full statement translated into English:

CNN on Sunday detailed that “Citizen News was the largest remaining independent news outlet in Hong Kong following the shuttering of Apple Daily in June and Stand News last Wednesday.”end

4/EUROPEAN AFFAIRS

GERMANY

Germany imperils its power grid by pulling the plug on 3 nuclear plants

Their energy costs are growing through the roof!

(zerohedge)

Germany “Imperils” Power Grid By Pulling Plug On 3 Nuclear Plants

 MONDAY, JAN 03, 2022 – 02:45 AM

As nat gas prices surge in Europe, Germany is kicking off the new year by moving ahead with plans to shutter three of its six remaining nuclear power plants, making good on a commitment made in the aftermath of Japan’s disastrous meltdown at the Fukushima Daiichi plant.

The decision was championed especially vigorously by the Greens, who are now helping to rule as part of Germany’s new “stop sign” ruling coalition. But soaring natural gas prices across Europe mean this concession to the environmental lobby couldn’t come at a worse time.

Above: One of the shuttered plants, located in Gundremmingen. Source: Reuters

It’s a decision that could have consequences for the US. As we have complained before, the AOC-backed “Green New Deal” mostly excluded nuclear, by far the most efficient and useful alternative to fossil fuels, instead choosing to rely solely on inadequate “renewables”. And as Reuters adds in its report, Germany’s decision to pull the plug represent an “irreversible” pivot away from an energy source deemed “clean and cheap by some.”

Here’s more from Reuters:

Germany has pulled the plug on three of its last six nuclear power stations as it moves towards completing its withdrawal from nuclear power as it turns its focus to renewables.

The government decided to speed up the phasing out of nuclear power following Japan’s Fukushima reactor meltdown in 2011 when an earthquake and tsunami destroyed the coastal plant in the world’s worst nuclear disaster since Chernobyl in 1986.

The reactors of Brokdorf, Grohnde and Gundremmingen C, run by utilities E.ON and RWE shut down late on Friday after three and half decades in operation.

The campaign to shut down nuclear power in Europe’s biggest economy isn’t finished yet: Germany’s last three nuclear power plants – Isar 2, Emsland and Neckarwestheim II – are set to be turned off by the end of 2022.

Preussen Elektra, the company that runs the Brokdorf and Grohnde plants, said in a statement on Saturday that its two plants had been shut down shortly before midnight on Friday. Meanwhile, RWE said the Gundremmingen C plant had also stopped generating power on Friday evening. PreussenElektra CEO Guido Knott thanked his staff for their commitment to safety: “We have made a decisive contribution to the secure, climate-friendly and reliable supply of electricity in Germany for decades.” They certainly avoided any major meltdowns during the plant’s lifetime of active use.

Just last week, Julianne Geiger from OilPrice.com wrote that Germany’s latest push to “greenify” its grid at the expense of nuclear power  couldn’t be happening at a worse time. And instead of changing its energy policy to adapt to the times, Germany is stubbornly refusing to yield, and making decision it can’t easily undo.

Now, the country is losing a reliable power source just as the German baseload power for 2022 delivery – a European benchmark – hit a brand new contract high of €278.50. This is an increase of 10% as gas flowing through a pipeline connecting Russia to Germany switched direction to flow Eastward instead.

And in an editorial published on New Year’s Day, no less an authority than the Washington Post editorial board opined that Germany was making a tremendous mistake, something that would place its people further in hoc to the Russians.

As WaPo noted, France is going in the opposite direction, choosing to build more nuclear power plants. And there’s a reason for that: trying to wean an economy off coal and fossil fuels wouldn’t just be impossible, it could be “perilous” without a contribution from the ever-reliable nuclear sector.

Absent nuclear, Germany also depends more on Russian natural gas, a deep geopolitical vulnerability that gives leverage to Russia’s authoritarian government.

True, the German government has committed to phasing out coal — but not until 2038. Even on this long time frame, eliminating coal without help from nuclear power plants will be perilous for Europe’s largest economy. Analysts warn that Germany’s supply margin — how much electrical generation capacity the country has in reserve — could plummet in the next couple of years, risking blackouts in times of grid stress.

Next door, French President Emmanuel Macron is moving in the opposite direction, announcing plans for new nuclear reactors. France relies more on nuclear power than any other nation, a major reason the country has about half the per capita greenhouse emissions Germany does. Mr. Macron rightly sees expanding the nation’s nuclear capacity as a better alternative than attempting to rely on renewables alone. Solar and wind power will be essential pieces of a cleaner energy mix, but the grid will still require reliable, always-on sources of electricity to back up intermittent renewables. Better it be nuclear than coal, oil or gas.

It appears, following The Netherlands’ recent surprise flip-flop decision, that nuclear power might be Europe’s only answer to the looming dependence on Russian gas. The question is, is it too late – or too politically untenable – for Germany to un-flick the switch?

end

HOLLAND

Insane! Dutch police use attack dogs against anti lockdown protesters

(for video see zerohedge)

Watch: Dutch Police Use Attack Dogs Against Anti-Lockdown Protesters

 MONDAY, JAN 03, 2022 – 04:15 AM

Amid the Omicron Covid variant spread, and despite an emerging consensus that this latest variant is not very severe in terms of individual impact and hospitalizations, lockdowns are returning to much of Europe, but so are fierce protests.

Remember, all of this is for your “safety”

Chaotic and disturbing scenes are coming out of Sunday’s large anti-restriction protests near the National Museum in Amsterdam. The protest had been declared illegal by authorities, but a huge crowd showed up anyway, and that’s when police in riot gear attempted to disperse thousands. 

Among many scenes of people being beaten with police batons, dogs were also unleashed on the demonstrators, including in the above video which shows a man being mauled by a police dog who wouldn’t let go of his arm – even as he was prone on the ground at one point. It’s unclear if the officers were wanting the dog to release after clearly injuring the man, or if they wanted the animal to continue biting him.

Just before the police unleashed violent tactics on the crowd, the anti-lockdown protesters surrounded the anti-riot force and their vans, presumably there to make mass arrests.

“The Netherlands went into a sudden lockdown on December 19, with the government ordering the closure of all but essential stores, as well as restaurants, hairdressers, gyms, museums and other public places until at least January 14,” CNN writes of the new controversial lockdown. “Public gatherings of more than two people are prohibited under the current set of restrictions.”

The protest looked to be at least in the tens of thousands, and possibly bigger:

Clearly citizens in the Netherlands and elsewhere in Europe are furious over this climate of the ‘never-ending pandemic’ and corresponding lockdowns which governments seem to now impose with ease.

Angry crowds go after riot control police in The Netherlands this weekend:

But many are saying “enough!” and it’s becoming harder and harder to remove the liberties of the populace in the name of “protecting” people from the virus – a virus which we were told would dissipate once the vaccine is available.

But instead we still have these scenes of police cracking skulls as people simply stand up for their rights amid authorities’ attempts to control all aspects of life in the name of “safety” amid the persisting pandemic.

END

Massive Protest Against Insane Government Oppression In Netherlands. Police Brutally Attack

Inbox

Robert Hryniak12:28 PM (41 minutes ago)
to

Insane but this is where people are being pushed
It will not end well for government

https://www.bitchute.com/video/BTLNjgDrlOG5/end

UK

Extremely foolish!  Masks only hurt and does not stop transmission.  Actually it will end the pandemic faster if the Omicron permeates faster throughout the country which will lead to herd immunity.

Zhang/EpochTimes

English Secondary School Pupils Asked To Wear Masks In Classrooms

 MONDAY, JAN 03, 2022 – 03:30 AM

Authored by Alexander Zhang via The Epoch Times,

The UK government has asked secondary school students in England to wear masks in classrooms in a bid to limit the spread of the Omicron variant of the CCP (Chinese Communist Party) virus.

Face coverings are already recommended in outdoor communal areas and corridors for pupils in year 7 and above, who are usually aged 11 and above. But in its latest guidance (pdf) issued on Jan. 2, the Department for Education (DfE) recommended that masks should also be worn inside classrooms when the new terms begins after the Christmas break.

An additional 7,000 air cleaning units will also be provided to schools, colleges, and early years settings to improve ventilation in teaching spaces, the DfE said.

The recommendation will be temporary, remaining in place until Jan. 26, when the government’s “Plan B” regulations on COVID-19 are scheduled to expire.

Education Secretary Nadhim Zahawi said that he looks forward to seeing pupils back to school next week to continue their face-to-face learning, as “being in the classroom is undoubtedly the very best place for children.”

He said “there is no doubt that the Omicron variant presents challenges,” but lauded the education sector for its “Herculean” response.

Zahawi said that both he and Prime Minister Boris Johnson see education as the “number one priority,” and said the new measures will help “minimise disruption.”

The move has been welcomed by the main opposition Labour Party. Wes Streeting, Labour’s shadow health secretary, said he would rather have masks worn in classrooms than children out of school.

“If the choice is between having masks at schools or children missing schools in huge numbers, of course we want to keep pupils learning. That’s got to be the priority,” he told Sky News.

But senior Conservative lawmaker Robert Halfon said that he fears mask-wearing in schools could damage children’s mental health.

Halfon, who chairs the education select committee in the House of Commons, said the risks from COVID-19 need to be balanced against the risks to children’s wellbeing.

“There is a lot of evidence out there from Belgium, to Canada, to the United States, suggesting that masks on children have a damaging effect, or can have a negative effect on their mental health, their wellbeing, their ability to communicate, their emotional awareness,” he said.

He added:

“There is no requirement to wear masks in offices for adults. So why is there a requirement for children in schools, in classrooms, when children are at least risk from COVID? I don’t get it.”

end

FRANCE

We have another variant discovered in the south of France with 46 mutations.  Already 12 people are afflicted

(zerohedge)

New COVID-19 Variant With 46 Mutations Discovered In Southern France

 MONDAY, JAN 03, 2022 – 01:00 PM

Since its arrival in late November, the unquestionably mild Omicron strain of Covid-19 has sent daily new infections to record highs, while hospital admissions – and particularly deaths – have remained relatively low compared to the giant new denominator.

But it was only a matter of time before a new variant hit the scene. Like omicron, it appears this new variant originated in an African country  – Cameroon – after being isolated by scientists in southern France.

The first official case is reported to be a traveler from Cameroon, and it’s now spreading in Southern France where at least 12 people have been infected with it, according to research published on medrvix.

To be clear – we know virtually nothing about this new strain aside from the fact that it exists. Nothing on severity, transmissibility, ‘long covid’, etc. We do know it’s highly mutated from the original strain, much like Omicron. It’s also too soon to tell if it will be classified as a ‘variant of concern.’

In the medrvix preprint, which has yet to be peer-reviewed, experts from a French government-backed program said they had identified 46 mutations in the variant.

“SARS-CoV-2 variants have become a major virological, epidemiological and clinical concern, particularly with regard to the risk of escape from vaccine-induced immunity,” the paper’s authors wrote.

The scientists also postulated that the new variant was probably of “Cameroonian” origin. Readers can find the complete report below. The variant has been given the name B.1.640.2, and was first detected by experts at the IHU Mediterranee Infection Foundation in Marseille.

According to the paper, the scientists’ analysis of the variant’s genome revealed 46 mutations and “37 deletions resulting in 30 amino acid substitutions and 12 deletions. Fourteen 43 amino acid substitutions, including N501Y and E484K, and 9 deletions are located in the 44 spike protein.”

Read the full report below:

2021.12.24.21268174v1.full on Scribd

New variants are discovered frequently, but most don’t go on to become “variants of concern”, like omicron, delta and beta. The WHO has assigned each variant of concern with a name from the Greek alphabet (the first was “alpha”, the second “beta”, while letters “Xi” and “Nu” have been skipped because they are “confusing”, per the WHO).

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/

Israel pounds GAZA  Saturday night after Hamas fires rockets but they land in the sea.

(zerohedge)

Israel Pounds Gaza Overnight After Hamas Rockets Landed In Sea

 SUNDAY, JAN 02, 2022 – 03:55 PM

Israel launched multiple airstrikes by attack helicopters against the Gaza Strip in the late night hours of Saturday after the military said that Hamas fired rockets toward Israel, though they had landed in the Mediterranean Sea off central Israel.

“As fireworks lit up the skies to celebrate New Year 2022 around the world, a different type of fire came from Gaza-terrorist rocket-fire toward Israel,” the Israel Defense Forces (IDF) said in a Sunday message on Twitter. “In response, we just struck Hamas sites in Gaza, including a rocket manufacturing site & military posts used for terrorist activity.”

It marks the first significant flare-up in fighting involving major airstrikes since the end of the 11-day war between Israel and Hamas in May. But in this case no casualties were reported throughout the airstrikes, though Hamas alleged that Israel targeted agricultural infrastructure as punishment. 

On the Israeli side, “No sirens were sounded and Israel’s Iron Dome rocket interception system did not deploy, the army said in a statement,” Al Jazeera noted. A Hamas spokesman vowed over the weekend that “our resistance will continue” in order to “liberate our land”. 

Israeli Prime Minister Naftali Bennett addressed his weekly cabinet meeting over the airstrikes, saying that, “Whoever points missiles at Israel bears responsibility.”

There were days of tension leading up to the weekend fighting, including as the AP reports “On Wednesday, Palestinian militants shot an Israeli contractor working along the border fence and Israel responded with tank fire at militant positions in what was the first exchange of fire in months.”

Additionally Palestinian communities are closely watching the fate of Hisham Abu Hawash, an Islamic Jihad member who has been on a hunger strike for over 130 days while in Israeli detention, who reportedly just slipped into a coma. The militant group has vowed that if Hawash dies, it will launch attacks on Israel. With his health in decline and still in Israeli custody, Gaza is on edge and expecting more fighting to come. 

Egypt in the meantime is attempting to intervene diplomatically, so that the fighting remains limited to the past 12 hours of events. “Neither side wants a full-blown war,” an Egyptian diplomat was cited by AP as saying. “They just want guarantees and steps on the ground.”

END

TURKEY

Turkey’s inflation rate explodes sto 36.1%.  This is their official rate, the true rate is much higher.  Hyperinflation is setting in

(zerohedge)

Inflation In Turkey Explodes To 36.1%, Blowing Away Estimates, As Hyperinflation Sets In

 MONDAY, JAN 03, 2022 – 10:29 AM

Think 6.8% CPI is high? Think again: this morning long-suffering Turks living in Erdogan’s macroeconomic experiment woke up to learn that the country’s annual inflation rate surged to 36.1% last month, its highest in the 19 years Tayyip Erdogan has ruled, blowing away expectations of “only” 27.4%, and laying bare the depths of a currency crisis engineered by the president’s unorthodox interest rate-cutting policies. Staples such as transportation and food – which took increasing shares of households’ budgets during 2021 – rose even faster

In December alone, consumer prices soared by a hyperinflation-like double-digits, rising 13.58%, the Turkish Statistical Institute said on Monday, eating deeper into the earnings and savings of Turks ravaged by Erdogan’s demented economic turmoil.

The surge in prices reflected a more front-loaded exchange rate pass-through than usual triggered by the size of the exchange rate depreciation. However, as Goldman Sachs notes, inflation in categories like services that are typically not as sensitive to the exchange rate rose sharply as well – reflecting the lack of anchoring of inflation expectations.

Core inflation also surprised to the upside rising to 31.9% yoy in December from 17.6% yoy in November (consensus 24.3% yoy). Given the upside surprise with mom inflation of 13.6% not seasonally adjusted, Goldman thinks that inflation will rise above 40% in Q1-22 and remain there for most of the year.

The explosion in prices is tied to the record drop in Turkey’s lira which lost 44% of its value last year as the central bank slashed interest rates under a drive by Erdogan to prioritize credit and exports over currency and price stability. On Monday it whipsawed down 5% then up 3%, before trading flat at 13.2 vs the dollar.

Some economists are predicting that inflation will reach as high as 50% by spring unless the direction of monetary policy is reversed, which as Erdogan has made very clear, it won’t be, and after the central bank is done blowing tens of billions of dollars it doesn’t have to keep the lira from cratering, we expect total currency and economic collapse.

“Rates should be immediately and aggressively hiked because this is urgent,” said Ozlem Derici Sengul, founding partner at Spinn Consulting in Istanbul. Ozmel will probably be arrested in the next 24-48 hours for pointing out the obvious.

The central bank was however unlikely to act, she added, and annual inflation “will probably reach 40-50% by March”, by when administered price rises would have been added into the mix, including a 50% minimum wage hike.

While last year was the worst for the lira in nearly two decades, while the annual CPI was the highest since the 37.0% reading of September of 2002, two months before Erdogan’s AK Party first took office.

But Erdogan’s focus on Monday was on trade data which showed exports surged by a third to $225 billion last year.

“We have only one concern: exports, exports and exports,” he said in a speech, adding the trade data showed a sixth-fold rise in exports during his tenure as leader. What Erdogan didn’t focus on is that while exports for all of 2021 rose, in December the country’s trade deficit exploded by 46%, widening to $6.64BN, as imports rose 29% to $28.9BN, far more than exports which rose just 25% to $22.3BN.

In other words, even Erdogan’s focus on exporting his way out of the current crisis is starting to fail.

Erdogan, a self-declared enemy of interest rates, overhauled the central bank’s leadership last year, by which we mean he fired any central bank direct who disagreed with him.

The bank has slashed the policy rate to 14% from 19% since September, leaving Turkey with deeply negative real yields that have spooked savers and investors. The subsequent accelerating surge in prices and drop in the lira have also upended household and company budgets, scuttled travel plans and left many Turks scrambling to cut costs. Many queued last month for subsidized bread in Istanbul, where the municipality says the cost of living is up 50% in a year.

“We don’t sit with our friends in a cafe and drink coffee any more,” Mehmet, 26, a university graduate, said as he did his job as a pollster in Istanbul.

“We don’t go out, just from home to work and back again,” he said, adding he was buying smaller meal portions and believed inflation was higher than official data showed. In other words, just like in the US.

And just like in the US, the Turkish central bank has idiotically argued that “temporary” factors had been driving prices and forecast a volatile course for inflation, which – having been around 20% in recent months and mostly double-digits over the last five years – it said in October would end the year at 18.4%. Oops.

Sengul said that, with Monday’s data, that argument was over: “This reflects a vicious cycle of demand-pull inflation, which is very dangerous because the central bank had implied the price pressure was from cost-push (supply constraints), and that it couldn’t do anything about it,” she said.

Reflecting soaring import prices, December’s producer price index rose 19.08% month-on-month and 79.89% year on year. Annual transportation prices soared 53.66% while the food and drinks basket jumped 43.8%, the CPI data showed.

The economic turmoil has also hit Erdogan’s opinion polls ahead of a tough election scheduled for no later than mid-2023. read more

The lira touched a record low of 18.4 against the dollar in December before rebounding sharply two weeks ago after state-backed market interventions, and after Erdogan announced a scheme to protect lira deposits against currency volatility.

What does all of this mean for the worst performing currency of 2021? Well, at first, the Turkish lira weakened sharply as the market did the only logical thing it can do when hyperinflation sets in – it sold the currency, and in early trading, the lira depreciated as much as 4.5% per U.S. dollar on its first trading day in the new year, extending its losing streak to a sixth day, having given up more than 30% of the gains made after President Recep Tayyip Erdogan unveiled a plan on Dec. 20 to bolster the lira by shielding savings held in local currency.

However, shortly after the central bank stepped in with yet another ridiculous intervention that cost it about $1 billion (at this rate the central bank will be out of all intervention funding in a few weeks), and the lira reversed losses of as much as 4.5% to gains as much as 3.6%.

Unfortunately for Erdogan, such day-to-day attempts to crush the shorts will only work for a few days, and as Goldman wrote today, the bank continues to believe that the current interest rate policy with rates of 14% supported by administrative and quasi fiscal measures will not succeed in stabilizing the TRY sustainably. And while Goldman’s forecast is for rates to rise sharply in Q2-22 the bank’s Turkish strategist admitted that his “confidence is not high in this call” given that the authorities continue to prefer non-standard policy choices to attempt to stabilize the TRY. As a result, the most likely outcome is that the currency will soon retest – and breach – its all time lows as the Turkish economy sinks into the hyperinflationary mire.

END

.

6.Global Issues

CORONAVIRUS/UPDATE/VACCINE MANDATE

We have highlighted this to you:  those new USA antiviral pills from Merck and Pfizer are causing life threatening reactions when used with many common meds.

They should not be used at all.  Ivermectin is far superior

(Hung/EpochTimes)

COVID Antiviral Pills Cause Life-Threatening Reactions When Used With Many Common Meds: FDA

 FRIDAY, DEC 31, 2021 – 07:00 PM

Authored by Tammy Hung via The Epoch Times,

Pfizer’s antiviral oral drug developed to treat COVID-19 can cause severe or life-threatening effects when used with common medications including some anti-coagulants, some anti-depressants, and some cholesterol-lowering statins, according to the Food and Drug Administration (FDA) (pdf).

FDA does not recommend Paxlovid for those with severe kidney or liver disease.

The FDA on Dec. 22 granted emergency use authorization (EUA) to Pfizer’s COVID-19 treatment pill as treatment for mild-to-moderate cases of COVID-19 in patients from 12 years of age.

Paxlovid was the first oral medication of its kind authorized by the FDA to treat COVID-19, with the aim of reducing the need for hospitalization before patients become too ill from the infection.

“This authorization provides a new tool to combat COVID-19 at a crucial time in the pandemic as new variants emerge and promises to make antiviral treatment more accessible to patients who are at high risk for progression to severe COVID-19,” stated Patrizia Cavazzoni, director of the FDA’s Center for Drug Evaluation and Research.

Paxlovid consists of a cocktail of two drugs, the first being nirmatrelvir, which stops the SARS-CoV-2 virus from replicating, while the second component acts to prolong the duration of nirmatrelvir.

The EUA came a month after the federal government announced it would purchase 10 million courses of the drug.

Earlier in November, the Biden administration had already purchased some 10 million courses of the drug in a more than $5 billion agreement.

“Pending EUA, U.S. will receive doses starting in 2021 and throughout 2022 as part of contract agreement with Pfizer,” Health and Human Services (HHS) stated in a statement.

HHS Secretary Xavier Becerra on Nov. 18 emphasized the importance of “getting vaccinated” even when Paxlovid becomes available.

“Getting vaccinated remains the most important action anyone can take to help protect themselves and others and end this pandemic, but for people who do get sick in the future and are at risk of severe outcomes, having pills they can take to keep them out of the hospital could be a lifesaver,” Becerra stated.

“This agreement would help ensure millions of doses of this drug would be available to the American people if it is authorized.”

Earlier in December, Pfizer announced that the pill is able to reduce the risk of hospitalization or death from the CCP (Chinese Communist Party) virus by 89 percent when taken shortly after initial symptoms.

Pfizer CEO Albert Bourla on Dec. 8 told CNBC that shipments of the pill have arrived in the United States, “so product will be available this month if it’s approved.”

end

A must see

(Fuellmich)

Fuellmich: New Findings Are Enough to Dismantle Entire VVV Industry

 Sun 12:09 pm +00:00, 2 Jan 2022  posted by Weaver

ER Editor: This is one of the latest video discussions lasting around 19 minutes between Dr. Reiner FuellmichDr. Wolfgang Wodarg, lawyer Viviana Fischer and UK doctor Sam White on the findings that a small number of vaccine batches has been associated with the majority of deaths and injuries from the vaccines. We remind readers of what we published on this back in early November. See

Exclusive: Have 100% of US Covid-19 Vaccine Deaths Been Caused by Just 5% of the Batches?

They invoke Dr. Mike Yeadon’s participation in this although he doesn’t appear on the video. Here are our notes:

****

Fuellmich: Dr. Mike Yeadon showed how they used batches within batches to try out what kind of doses are needed to kill people and maim them. From a legal perspective, it is inescapable evidence of premeditation. Once there is evidence of premeditation, there is no immunity for anyone.

Wodarg: It isn’t true that there is the same stuff in all the vaccines. We have hard evidence that the batches of vaccine vials contain different ingredients.

Sam White: We have experts talking about the VAERS data and ‘lots’, not batches. And they have about 11 lots with 6 0r 7% of the deaths, wow.

Wodarg (see data screens): Doctors need to know that the BATCHES ARE NOT CONTROLLED.

Fuellmich: What Mike Yeadon came up with is that there is a 1 in 200 chance that you’re going to run into one of those dangerous batches or lots. It’s like Russian roulette. Wodarg: this is not Russian roulette, it’s a TRIAL, it’s planned. The batches are sent somewhere, they’re used and registered. What they’ve also found is that when one company, say Pfizer BioNTech, are up to something, the others will keep quiet. The others won’t do the experiments. But then they’ll step up and do something, maybe it’s AstraZeneca next or Johnson and Johnson who want to try something out within these massive trials. The stupid doctors think they are giving the same injections. But it’s not true. They are being misused for this very big trial where there is no ethics committee! It’s an obscure trial where the people are just the victims. And perhaps they are genetically modifying human beings and they have patents on this stuff. There are 120 new vaccines in the pipeline. They all want to try out their products and now is the time they can do it because we’re still afraid that we need a vaccine. It’s worse than Nuremberg what’s happening now. It is horrible – there are thousands of Mengeles now. Some of them don’t know this, but some of them know very well what they are doing. And they kill thousands of people. Fuellmich: Intentionally. Wodarg: yes, intentionally.

Wodarg: this graph is proof that it’s been planned. Fuellmich:  It’s a coordinated effort or else they wouldn’t do it in a synchronized way, first by BioNTech Pfizer, then Moderna, then Jensen. They’re doing it in a highly co-ordinated way so they will not interfere with each other. Each one of them is doing their own experiments within an experiment. All of the pharmaceutical industry knows it. They all want to be part of it, including the Paul Ehrlich Institute, so it’s just a matter of time until all the others join in and make it even worse because it is easy to extort those already committing the crimes, so that others will be admitted into this mass serial killing.

Fuellmich: This makes it easy for any lawyer in this world to show intent. It is inescapable – from these graphs, you can show intent. They are deliberately using different dosages, co-ordinated with each other so that they won’t interfere with each other in order to try and find out what kills the best or maims the best.

These findings in particular have immense legal repercussions – immense, because once you arrive at the conclusion that they’re doing this deliberately, intentionally or as Martin Schwab puts it maliciously, once you arrive at this conclusion, the floodgates are open in the United States for punitive damages. You can probably go up to 21 times the actual damage, which is added on top of the actual damage. In these cases, in fact, you may be able to go up to a 1,000 times because these people got so badly injured. This could be enough to dismantle the entire industry.

end

This is a must read.  Indiana life insurance company raises serious concerns. Insurance costs to employers will skyrocket. Also the narrative completely changes!!!!(Robert Malone)

What if the largest experiment on human beings in history is a failure?

A report from an Indiana life insurance company raises serious concerns.

Robert W Malone MD, MS12 hr ago
1,341242

A seasoned stock analyst colleague texted me a link today, and when I clicked it open, I could hardly believe what I was reading.  What a headline.  “Indiana life insurance CEO says deaths are up 40% among people ages 18-64”.  This headline is a nuclear truth bomb masquerading as an insurance agent’s dry manila envelope full of actuarial tables.

People frequently write to Jill and myself. People we have never met.  They call, they arrive at the farm by appointment or unannounced, they fill our email in boxes with their inquiries. They all want something; time, attention, an interview.  Many want to tell us about their fear, illness, nightmares, or (what often seems like) outright paranoid conspiracies.  And then, over time, these fears and “conspiracies” keep getting confirmed.  As Jan Jekielek (a senior editor with The Epoch Times) recently said to me, it is getting harder and harder to tell which ones are mere conspiracy theories and which are true reality. 

One farm visitor told me of his foreshadowing massive numbers of deaths within three years consequent to the genetic vaccines, and that this was all about the “Great Reset” and the depopulation agenda of the World Economic Forum (WEF).  I tried to reassure him that, in my opinion, this was highly unlikely- while privately thinking about how easily people fall into this type of conspiracy ideation, and how I need to be careful to avoid going there when confronting so many public health decisions that appear either incompetent or nefarious.  At the time, I only knew of the WEF as the host of a big annual party in Davos Switzerland where the uber rich and the hoi oligoi of the Western nations went to watch Ted talks, drink the best wine, see and be seen.  Silly me.  What a long, strange trip this has been.  I doubt that even Hunter S. Thompson could have imagined it in his most drug and booze addled state.  Suffice to say, I nominate Ralph Steadman as official illustrator of the SARS-CoV-2 pandemic.  Or a resurrected Hieronymus Bosch.

But I am wandering from a point that I am afraid to clearly state. 

It is starting to look to me like the largest experiment on human beings in recorded history has failed.  And, if this rather dry report from a senior Indiana life insurance executive holds true, then Reiner Fuellmich’s “Crimes against Humanity” push for convening new Nuremberg trials starts to look a lot less quixotic and a lot more prophetic.

Here is what lit me up in this report from The Center Square contributor Margaret Menge.

“The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people.

“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”

OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.

Davison said the increase in deaths represents “huge, huge numbers,” and that’s it’s not elderly people who are dying, but “primarily working-age people 18 to 64” who are the employees of companies that have group life insurance plans through OneAmerica.

“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.

“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.””

So, what is driving this unprecedented surge in all-cause mortality?

Most of the claims for deaths being filed are not classified as COVID-19 deaths,

Davison said.“What the data is showing to us is that the deaths that are being reported as COVID deaths greatly understate the actual death losses among working-age people from the pandemic. It may not all be COVID on their death certificate, but deaths are up just huge, huge numbers.””

Take a moment to read the entire article.  Now.  Then let’s continue on, assuming that you have.

AT A MINIMUM, based on my reading, one has to conclude that if this report holds and is confirmed by others in the dry world of life insurance actuaries, we have both a huge human tragedy and a profound public policy failure of the US Government and US HHS system to serve and protect the citizens that pay for this “service”. 

IF this holds true, then the genetic vaccines so aggressively promoted have failed, and the clear federal campaign to prevent early treatment with lifesaving drugs has contributed to a massive, avoidable loss of life. 

AT WORST, this report implies that the federal workplace vaccine mandates have driven what appear to be a true crime against humanity.  Massive loss of life in (presumably) workers that have been forced to accept a toxic vaccine at higher frequency relative to the general population of Indiana.

FURTHERMORE, we have also been living through the most massive, globally coordinated propaganda and censorship campaign in the history of the human race.  All major mass media and the social media technology companies have coordinated to stifle and suppress any discussion of the risks of the genetic vaccines AND/OR alternative early treatments. 

IF this report holds true, there must be accountability.  We are not just talking about running over the first amendment of the Constitution of the United States and grinding it into the mud with an army of artificial intelligence-powered heavy infantry. This article reads like a dry description of an avoidable mass casualty event caused by a mandated experimental medical procedure. One for which all opportunities for the victims to have become self-informed about the potential risks have been methodically erased from both the internet and public awareness by an international corrupt cabal operating under the flag of the “Trusted News Initiative”. George Orwell must be spinning in his grave.

I hope I am wrong.  I fear I am right.

end

Same story as above

This is a huge story!

Life Insurance CEO Says Deaths Up 40% Among Those Aged 18-64

 MONDAY, JAN 03, 2022 – 11:00 AM

The death rate for those aged 18-64 has risen an astonishing 40% over pre-pandemic levels, according to the CEO of Indianapolis-based insurance company OneAmerica.

“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” said Scott Davison, head of the $100 billion insurance company that’s been in operation since 1877 and has approximately 2,400 employees.

The increase represents “huge, huge numbers,” among “primarily working-age people” who have employer-sponsored group life plans through OneAmerica, according to The Center Square.

“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” Davison said during an online news conference last week. “Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic.”

So 40% is just unheard of,” he added.

According to Davison, the majority of deaths being filed are not classified as due to Covid-19.

“What the data is showing to us is that the deaths that are being reported as COVID deaths greatly understate the actual death losses among working-age people from the pandemic. It may not all be COVID on their death certificate, but deaths are up just huge, huge numbers,” he said, adding that the company has seen an “uptick” in disability claims – at first short-term, and now long-term.

“For OneAmerica, we expect the costs of this are going to be well over $100 million, and this is our smallest business. So it’s having a huge impact on that,” he said, adding that the costs will be passed on to employers purchasing the group life insurance policies.

At the same news conference where Davison spoke, Brian Tabor, the president of the Indiana Hospital Association, said that hospitals across the state are being flooded with patients “with many different conditions,” saying “unfortunately, the average Hoosiers’ health has declined during the pandemic.”

In a follow-up call, he said he did not have a breakdown showing why so many people in the state are being hospitalized – for what conditions or ailments. But he said the extraordinarily high death rate quoted by Davison matched what hospitals in the state are seeing.

“What it confirmed for me is it bore out what we’re seeing on the front end,…” he said. -The Center Square

The number of those hospitalized in Indiana are now higher than before the Covid-19 vaccine was introduced a year ago, and is in fact higher than at any point in the past five years, according to Dr. Lindsay Weaver, Indiana’s chief medical officer.

Meanwhile, the article can’t be viewed in the UK.

end

Important: why the Omicron does not cause harm.

A very important read.

(zerohedge)

Scientists Shed New Light On What Makes Omicron Spread

 SATURDAY, JAN 01, 2022 – 04:45 PM

At this point, members of the public have probably heard the following mantra a hundred times: while omicron is more infectious than delta, it also produces a less severe infection. This has been repeated over and over since the variant was first introduced to the public by a group of South African scientists.

Well, just in case any doubters remain, the NYT reported the results of the latest round of studies on New Year’s Day. The studies mostly focused on animals: In studies on mice and hamsters, omicron produced less damaging infections, often limited largely to the upper airway: the nose, throat and windpipe.

Most important: omicron appears to do less harm to the lungs, where previous variants would often cause scarring and lead to serious difficulty breathing for many patients. But the animal studies show that omicron typically stays in the windpipe and upper respiratory tract: it doesn’t make its way down deep into the lungs like delta.

“It’s fair to say that the idea of a disease that manifests itself primarily in the upper respiratory system is emerging,” said Roland Eils, a computational biologist at the Berlin Institute of Health, who has studied how coronaviruses infect the airway.

When omicron was first introduced back in November, the only thing scientists knew for certain was that it had more than 50 mutations, many involving the spike protein used by the virus to bind with human cells. But as scientists have discovered in the interim, there is more to a virus than its mutations.

“You can’t predict the behavior of virus from just the mutations,” said Ravindra Gupta, a virologist at the University of Cambridge.

And after months of scientists’ infecting cells in Petri dishes and spraying the virus into the noses of animals, scientists have learned a little more about omicron. Interestingly, some scientists found the virus behaved in interesting ways, with reactions in certain species of animals drawing attention:

Although the animals infected with Omicron on average experienced much milder symptoms, the scientists were particularly struck by the results in Syrian hamsters, a species known to get severely ill with all previous versions of the virus.

“This was surprising, since every other variant has robustly infected these hamsters,” said Dr. Michael Diamond, a virologist at Washington University and a co-author of the study.

For now, scientists suspect that omicron’s more mild demeanor might be a product of the human anatomy, moreso than the virus’s genetic makeup.

The reason that Omicron is milder may be a matter of anatomy. Dr. Diamond and his colleagues found that the level of Omicron in the noses of the hamsters was the same as in animals infected with an earlier form of the coronavirus. But Omicron levels in the lungs were one-tenth or less of the level of other variants.

A similar finding came from researchers at the University of Hong Kong who studied bits of tissue taken from human airways during surgery. In 12 lung samples, the researchers found that Omicron grew more slowly than Delta and other variants did.

The researchers also infected tissue from the bronchi, the tubes in the upper chest that deliver air from the windpipe to the lungs. And inside of those bronchial cells, in the first two days after an infection, Omicron grew faster than Delta or the original coronavirus did.

Although others have found characteristics in human lung tissue that help to prevent the new variant from spreading in the lungs. Specifically, a protein called TMPRSS2 on the surface of the inside of the lungs. This protein doesn’t take to omicron, impeding its spread in the critically important organ.

Many cells in the lung carry a protein called TMPRSS2 on their surface that can inadvertently help passing viruses gain entry to the cell. But Dr. Gupta’s team found that this protein doesn’t grab on to Omicron very well. As a result, Omicron does a worse job of infecting cells in this manner than Delta does. A team at the University of Glasgow independently came to the same conclusion.

Through an alternative route, coronaviruses can also slip into cells that don’t make TMPRSS2. Higher in the airway, cells tend not to carry the protein, which might explain the evidence that Omicron is found there more often than the lungs. Complicating matters, there are cells in the lungs that react to intruders by destroying all cells, not just infected ones.

Of course, more studies will need to be conducted before the scientific community can say anything for certain.

These findings will have to be followed up with further studies, such as experiments with monkeys or examination of the airways of people infected with Omicron.

If the results hold up to scrutiny, they might explain why people infected with Omicron seem less likely to be hospitalized than those with Delta.

Right now, this is all we can say for certain: COVID infections start in the nose, or possibly the mouth, before spreading down the throat. Mild infections don’t get much further than that…but when the virus takes hold in the lungs, it can then cause serious, lasting tissue damage.

end

Robert H to us:

Pilot Whistleblower: ‘My Colleagues Are Dropping Like Flies with Crushing Chest Pains’ – News Punch

Inbox






 
10:56 AM (21 minutes ago)
to

Cheers
Robert

end

HOW TO IMPROVE ZINC UPTAKE WITH QUERCETIN

(epoch times)

https://www.theepochtimes.com/how-to-improve-zinc-uptake-with-quercetin_4182445.html


Zinc
 Binding Compounds

“Zinc is a second messenger of immune cells, and intracellular free zinc in these cells participate in signaling events. Zinc … is very effective in decreasing the incidence of infection in the elderly. Zinc not only modulates cell-mediated immunity but is also an antioxidant and anti-inflammatory agent.”

Other Natural Zinc Transporters — Quercetin and EGCG

“Labile zinc, a tiny fraction of total intracellular zinc that is loosely bound to proteins and easily interchangeable, modulates the activity of numerous signaling and metabolic pathways. Dietary plant polyphenols such as the flavonoids quercetin (QCT) and epigallocatechin-gallate act as antioxidants and as signaling molecules.

Remarkably, the activities of numerous enzymes that are targeted by polyphenols are dependent on zinc. We have previously shown that these polyphenols chelate zinc cations and hypothesized that these flavonoids might be also acting as zinc ionophores, transporting zinc cations through the plasma membrane.

To prove this hypothesis, herein, we have demonstrated the capacity of QCT and epigallocatechin-gallate to rapidly increase labile zinc in mouse hepatocarcinoma Hepa 1-6 cells as well as, for the first time, in liposomes … The ionophore activity of dietary polyphenols may underlay the raising of labile zinc levels triggered in cells by polyphenols and thus many of their biological actions.”

Quercetin + Zinc + Niacin + Selenium May Be a Winning Combo

“Ageing is an inevitable biological process with gradual and spontaneous biochemical and physiological changes and increased susceptibility to diseases.

Some nutritional factors (zinc, niacin, selenium) may remodel these changes leading to a possible escaping of diseases, with the consequence of healthy ageing, because they are involved in improving immune functions, metabolic homeostasis and antioxidant defense.

Experiments … show that zinc is important for immune efficiency (both innate and adaptive), metabolic homeostasis (energy utilization and hormone turnover) and antioxidant activity (SOD enzyme).

Niacin is a precursor of NAD+, the substrate for the activity of DNA repair enzyme PARP-1 and, consequently, may contribute to maintaining genomic stability. Selenium provokes zinc release by metallothioneins (MT), via reduction of glutathione peroxidase.

This fact is crucial in ageing because high MT may be unable to release zinc with subsequent low intracellular free zinc ion availability for immune efficiency, metabolic harmony and antioxidant activity.

Taking into account the existence of zinc transporters … for cellular zinc efflux and influx, respectively, the association between zinc transporters and MT is crucial in maintaining satisfactory intracellular zinc homeostasis in ageing.

Improved immune performance, metabolic homeostasis, antioxidant defense occur in elderly after physiological zinc supplementation … The association ‘zinc plus selenium’ improves humoral immunity in old subjects after influenza vaccination.”

end

the following is a 3hour tape but it is so importantRobert Malone…

Robert Malone is a gift from G-d

Inbox

from my son Mark:Everyone needs to listen to his Rogan podcast. So many red pills I can’t count them all. Twitter banning him will only make him more famous. Between him and McCullough, I can’t imagine two better ambassadors for Team Reality.

Day after he was banned

end

VACCINE IMPACT

How Much Longer will the World Continue to Look to Medical Doctors to Save Them?

January 2, 2022 8:13 pm

“The LORD is my shepherd, I shall not be in want. He makes me lie down in green pastures, he leads me beside quiet waters, he restores my soul. He guides me in paths of righteousness for his name’s sake. Even though I walk through the valley of the shadow of death, I will fear no evil, for you are with me; your rod and your staff, they comfort me.” (Psalms 23:1-4) These famous words penned by King David are known to many believers around the world, but how many of us actually believe them? My guess is very few, if any, actually believe these simple truths written in Psalm 23, and also expounded upon in so many other places in the Bible, that God is very capable of taking care of our needs, and that the entire needs of the human race were met by the blood sacrifice of Jesus Christ, and his resurrection from the dead. I would guess that most people who claim to believe in the words of Psalm 23 only believe in them when they are not “sick.” If they are “sick,” then the medical doctors are their “shepherd,” and instead of the “rod and staff” of the Good Shepherd Jesus Christ, they look to the stethoscope and the rod of  Asclepius, or the Caduceus, the rod with the serpents intertwined around them, as the symbol and authority for their health.Read More..end


end

GLOBAL STORIES//COVID

end


Michael Every with today’s most important topics

Michael Every.//Jane Foley

end 

7. OIL ISSUES

European naturala gas prices soar again with supply constraints from Russia.(zerohedge)

European NatGas Prices Soar As Supply Constraints From Russia Build

 MONDAY, JAN 03, 2022 – 11:44 AM

European natural gas prices jumped as much as 25% to 80 euros a megawatt-hour, reversing a nine-day slide after increasing concerns about declining Russian gas supplies to the fuel-starved continent. 

“While Russian pipe supply to northwest Europe has been incredibly low since the start of the new year, should this persist in the coming days, this will undoubtedly provide bullish support once demand begins to pick up again,” Tom Marzec-Manser, an analyst for European gas and LNG at pricing agency ICIS, told Bloomberg

Russia’s gas pipeline bookings remain mute to start the week, indicating markets will stay tight, forcing Europe to eat through depleted inventories. Gas flows exiting Ukraine through Velke Kapusany in Slovakia plunged to lows not seen since early last year. 

 Another transit route for gas is Russia’s Yamal-Europe link halted for two weeks. Gazprom PJSC has only been sending fuel to clients under long-term contracts.

European gas prices have been on a wild rollercoaster. A flotilla of US LNG tankers headed toward Europe sent prices tumbling from an all-time high of 180 euros on Dec. 21. The combination of warmer temperatures also helped to pressure prices lower. However, now, the brief period of warm weather appears to be coming to an end later this week. 

Natural gas prices on the fuel-starved continent should remain elevated throughout winter and into spring as supplies are well below adequate levels. Relief is expected once Europe certifies Russia’s Nord Stream 2 pipeline, but that might not happen until July. 

8 EMERGING MARKET& AUSTRALIA ISSUES

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

SOUTH AFRICA

end

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

Euro/USA 1.1355 UP .0003 /EUROPE BOURSES //MOSTLY GREEN 

USA/ YEN 114.97  UP  0.028 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3496  DOWN   0.0014

Last night Shanghai COMPOSITE CLOSED 

//Hang Sang CLOSED DOWN 122.92 PTS OR 0.53%

/AUSTRALIA CLOSED DOWN   // EUROPEAN BOURSES OPENED MOSTLY GREEN

Trading from Europe and ASIA

I)EUROPEAN BOURSES MOSTLY GREEN  

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 122.92 OR .53% PTS OR 1.24%

/SHANGHAI CLOSED UP 20.59  PTS OR 0.57%

Australia BOURSE CLOSED

3(Nikkei (Japan) CLOSED

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1814.70

silver:$23.02-

USA dollar index early MONDAY morning: 95.83  DOWN 14  CENT(S) from FRIDAY’s close.

This ends early morning numbers MONDAY MORNING

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And now your closing MONDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.50% UP 4  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.072% UP 0 AND 0/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.58%// UP 1  in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.20 UP 2    points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 62 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -0.116% 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 MONDAY

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

Euro/USA 1.1293  DOWN .0066    or 66 basis points

USA/Japan: 115.33 UP 0.388 OR YEN DOWN 39  basis points/

Great Britain/USA 1.3457 DOWN 53  BASIS POINTS)

Canadian dollar DOWN 102 pts to 1.2758

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

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3534

TURKISH LIRA:  13.05  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.072

Your closing 10 yr US bond yield UP 10 IN basis points from FRIDAY at 1.612% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield: 1.995  UP 9 in basis points 

Your closing USA dollar index, 96.28  UP 32   CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED

German Dax :  CLOSED up 135.87 points or .86%

Paris CAC CLOSED UP 64.19 PTS OR  0.90% 

Spain IBEX CLOSED UP 47.40 PTS OR .54%

Italian MIB: CLOSED UP 383.49 PTS OR 1.40%

WTI Oil price 75.48 12: EST

Brent Oil:  78.21 12:00 EST

USA /RUSSIAN /   RUBLE RISES:   74.69 THE CROSS LOWER BY .10 RUBLES/DOLLAR (RUBLE HIGHER BY 10 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.117

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1298 DOWN .0061 BASIS PTS  OR 61 BASIS POINTS

British Pound: 1.3482 DOWN .0028

USA dollar vs Japanese Yen: 115.302 up .359

USA dollar vs Canadian dollar: 1.2750 UP .0103 (cdn dollar DOWN 109 basis pts)

West Texas intermediate oil: 76.05

Brent: 78.96

USA 10 yr bond yield: 1.632 UP 12 points

USA 30 yr bond yield: 2.018 UP 11  pts.

USA dollar vs Turkish lira: 13,09

usa dollar vs Russian rouble: 74.544 UP 25 basis pts.

DOW JONES INDUSTRIAL AVERAGE: UP 246.76 PTS OR 0.68%

NASDAQ 100 UP 181.69 OR 1.11%

VOLATILITY INDEX: 16.84 DOWN 0.38 PTS

GLD/NYSE CLOSING PRICE $168.33 DOWN $2.63 OR 1.54

SLV/NYSE CLOSING PRICE: $21.18// DOWN $.33 OR 1.53%

USA trading day in Graph Form

Bonds & Bullion Battered As Big-Tech Takes Off To Start The New Year

MONDAY, JAN 03, 2022 – 04:00 PM

While Apple’s $3 trillion market cap made the big headlines, it was bonds that really should have even as US Manufacturing survey slipped to 12-month lows as COVID cases are exploding at record pace…

AAPL now bigger than UK’s GDP…

TSLA was just silly too (adding almost 3 TWTRs today)…

This all led Nasdaq to outperform along with Small Caps (notably everything just drifted higher after Europe closed)…

Interestingly, ‘recovery’ stocks started the day as the big winners but by the close it was ‘stay at home’ stocks that outperformed…

Source: Bloomberg

Bonds were a bloodbath today with the curve bear steepening dramatically (2Y +5bps, 30Y +12bps)…

Source: Bloomberg

The steepening of the curve took it back to the upper range of the last month’s range…

Source: Bloomberg

2Y Yield rose to 80bps – highest since March 2020…

Source: Bloomberg

10Y Yields jumped above 1,60% to pre-Omicron levels…

Source: Bloomberg

30Y Yields jumped back above 2.00% – a big surge above the Omicron level…

Source: Bloomberg

The short-end of the curve shifted hawkishly…

Source: Bloomberg

The dollar surged higher during the US day session…

Source: Bloomberg

Bitcoin limped lower today also, falling back below its 200DMA…

Source: Bloomberg

Interestingly this is the second day that crypto has been puked during the US day session (On Friday, bigh tech fell with it, today, it reversed)…

Source: Bloomberg

Gold was blasted back below $1800 briefly before bouncing back…

Oil managed gains on the day after diving below $75 briefly…

Finally, it appears there are still some shorts left to bury…

And squeezed they were today…

But when will the squeezers run out of ammo?

Oh, and ignore this…https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-

end

i) Early morning//afternoon trading

Stocks Tank After Weak Manufacturing Data, Dollar & Bond Yields Spike

 MONDAY, JAN 03, 2022 – 09:59 AM

Well that escalated quickly. All that anticipation of hopeful new money gone shortly after the cash equity open as US Manufactruing PMI hit a 12 month low…

The Dow, S&P and Nasdaq are all back in the red while Small Caps oscillated wildly…

The long-bond spiked to Friday’s high-stops and reversed…

The dollar is spiking…

And as the dollar rallied, gold puked back down towards $1800…

Will 2022 start with a red day for a change?

end

Insane!  kids just do not get covid so the need for booster shots is ridiculous

(zerohedge)

FDA Approves Pfizer Booster For 12-15 Year Olds, Dismisses Risk Of “Mild” Heart Inflammation

 MONDAY, JAN 03, 2022 – 12:21 PM

As expected, the FDA has finally approved Pfizer’s COVID booster for children between the ages of 12 and 15, despite the fact that certain dangerous side effects are far more likely to occur in young patients.

These dangerous side effects include myocarditis and pericarditis, two forms of heart inflammation that have been found in thousands of patients and have even contributed to some suspicious vaccine-linked deaths.

But don’t worry kids: Dr. Peter Marks, the FDA’s vaccines chief, said that in the overwhelming majority, the cases of heart  inflammation that have afflicted younger patients have been “mild”. 

It’s worth noting that Dr. Robert Malone, the inventor of mRNA technology who was recently banned by Twitter (and is now facing a crackdown by Facebook), has said the exact opposite: that these side effects could present a greater risk to young patients than the virus itself especially for younger patients.

Unfortunately for some, those views are being more or less ignored.

Marks said in his statement that the agency made its decision because a booster “may help provide better protection against both the delta and omicron variants” especially as omicron is “slightly more resistant” to the vaccine-induced antibodies that help fend off infection.

The FDA didn’t just approve boosters for younger patients, it also shortened the time in between shots. In a statement released Monday, the FDA said it had amended the emergency use authorization for the Pfizer vaccine to shorten the time between the completion of primary vaccination and the first booster dose to five months, instead of six. The FDA will also allow a third dose for immunocompromised children 5 through 11 years of age, officially allowing the first patients as young as 5 to receive their first booster doses.

The agency said the protective health benefits and the “continued protection against COVID and the associated serious consequences that can occur including hospitalization and death, outweigh the potential risks in individuals 12 through 15 years of age” outweighed any risks from side effects.

All of this was based on “real-world data from Israel, including safety data from more than 6,300 individuals 12 through 15 years of age who received a booster dose of the vaccine at least 5 months following completion of the primary two-dose vaccination series.”

Additionally, the FDA said, “peer-reviewed data from multiple laboratories indicate that a booster dose of the Pfizer vaccine greatly improves an individual’s antibody response to be able to counter the omicron variant. Authorizing booster vaccination to take place at five months rather than six months may therefore provide better protection sooner for individuals against the highly transmissible omicron variant.”

The CDC must now review the FDA’s recommendations and its director, Dr. Rochelle Walensky, must sign off – but this is considered largely a formality.

As for the children as young as five who are now eligible to get boosted, these patients include “children 5 through 11 years of age who have undergone solid organ transplantation, or who have been diagnosed with conditions that are considered to have an equivalent level of immunocompromise, may not respond adequately to the two-dose primary vaccination series.”

II)USA DATA

US Manufacturing Slides To Weakest Since Dec 2020, New Orders Tumble

 MONDAY, JAN 03, 2022 – 09:50 AM

Markit’s US Manufacturing survey printed 57.7 for its final December 2021 level, slightly below the flash level of 57.8 and at its weakest since Dec 2020…

Source: Bloomberg

Siân Jones, Senior Economist at IHS Markit said:

“December saw another subdued increase in US manufacturing output as material shortages and supplier delays dragged on. Although some reprieve was seen as supply chains deteriorated to the smallest extent since May, the impact of substantially longer lead times for inputs thwarted firms’ ability to produce finished goods yet again.

Adding to the sector’s challenges was an ebb in client demand from the highs seen earlier in 2021, with new orders rising at the slowest pace for a year, largely linked to a reluctance at customers to place orders before inventories were worked through. Alongside a slight pick-up in hiring, softer demand conditions contributed to the slowest rise in backlogs of work for ten months.

“While shortages remained significant, the end of the year brought with it some signs that cost pressures have eased. The uptick in input prices was the slowest for six months, and firms recorded softer increases in selling prices amid efforts to entice customer spending.”

And this is what Powell is going to be tightening into?

-END-

IIb) USA COVID/VACCINE MANDATE STORIES

Joe Rogan joins GETTR and already has 8 million followers.  He anticipates censorship on twitter.

(Watson/SummitNews)

Joe Rogan Joins GETTR In Anticipation Of Censorship On Twitter “Getting Even Dumber”

 MONDAY, JAN 03, 2022 – 08:15 AM

Authored by Steve Watson via Summit News,

Podcast king Joe Rogan announced Sunday that he has joined social media platform GETTR, following Twitter and YouTube banning people who have shared his latest content.

“Just in case shit over at Twitter gets even dumber, I’m here now as well. Rejoice!” Rogan posted on GETTR, where he has already racked up over 8 MILLION followers.

The platform, which has vowed to allow all opinions to remained uncensored, allows new users to import in their old tweets, in an effort to entice people away from Twitter.

Rogan recently interviewed Dr. Robert Malone, the inventor of the mRNA vaccines, who was recently banned from Twitter for speaking out in opposition of mass inoculations against COVID using the technology.

During the interview, Malone outlined how he believes the world has slipped into a ‘Mass Formation Psychosis’ in accepting the vaccines and far reaching restrictions as a solution.

During the interview, Rogan noted “They removed you for not going along with whatever the tech narrative is, because tech clearly has a censorship agenda when it comes to COVID in terms of treatment, in terms of the— whether or not you’re promoting what they would call vaccine hesitancy, they can ban you for that, they can ban you for in their eyes, what they think is a justifiable offense.”

Malone responded “I try really hard to give people the information and help them to think, not to tell them what to think. Okay? But the point is if I’m not — if it’s not okay for me to be part of the conversation, even though I’m pointing out scientific facts that may be inconvenient, then who is who can be allowed?”

YouTube versions of the interview are being pulled down, along with Rogan’s interview with cardiologist Dr Peter McCullough, while Google has also been charged with altering search results for Malone and the term ‘Mass Formation Psychosis’.

Twitter also permanently banned Rep. Marjorie Taylor Greene Sunday for questioning the narrative. The final straw appears to have been Greene asking extreme leftist Rep. Alexandria Ocasio-Cortez if she has apologized to Governor Ron DeSantis yet for criticising his absence from public, which turned out to be because he was looking after his wife who has cancer.

end

Dr. Fauci Warns CDC Might Change Quarantine Guidelines Yet Again

 MONDAY, JAN 03, 2022 – 09:05 AM

Americans around the country are already bewildered by the CDC’s constantly-shifting quarantine guidelines. But for some reason, the agency feels the need to further complicate things with yet another change.

As schools struggle with empty classrooms after the winter break as teachers and students fill quarantine lists, and thousands of flights continue to be canceled, Dr. Anthony Fauci said on Sunday that the agency is preparing to change its quarantine guidelines once again by adding that patients need a negative test result if they’re asymptomatic and want to exit quarantine after just five days.

But for some reason, Dr. Anthony Fauci wants to further complicate things. To wit, the good doctor teased on Sunday that the CDC was considering allowing asymptomatic COVID sufferers to end isolation after just 5 days if they test negative.

Unfortunately, millions of Americans have already needed to end isolation and get back to work even without a test since tests are hard to come by the guidance from the CDC has encouraged people to get back to work to stop the economy from freezing up. Unions have criticized this change, saying it was designed to help employers and prevent staffing shortages over protecting people.

“There has been some concern about why we don’t ask people at that five-day period to get tested,” Fauci told ABC News. “That is something that is now under consideration”

According to the CDC, the decision would be “low risk” because the likelihood of passing COVID on falls dramatically after 5 days of infection. Also, the CDC is aware of the pushback about the change in isolation guidance, but Fauci told ABC News that despite this, the agency could announce something in the next couple of days.

During a later interview with CNN, Fauci said that it was “reasonable” to test infected people who have no symptoms during the second half of their quarantine.

“There’s no doubt that you do want to get people out into the workplace if they are without symptoms,” he told CNN. “There’s a big picture of trying to do it in a way that is scientifically sound, but that also gets people back to work.”

Dr. Fauci added that the CDC is expected to “clarify” its guidance soon.

Last week, American health officials cut the recommended isolation time to five days from 10, a decision that elicited complaints from some, and cheers from others (including the millions of asymptomatic patients who had been forced to isolate despite not being sick themselves). But apparently, Dr. Fauci has faced “pushback” over this decision.

end

Utter insanity

(Phillips/ EpochTimes)

LA County Teachers Now Have To Wear ‘High-Quality’ Masks: Health Department

MONDAY, JAN 03, 2022 – 03:45 PM

Authored by Jack Phillips via The Epoch Times,

Teachers in Los Angeles County will be required to wear high-grade masks while in class, while staff and students must wear masks outdoors in crowded spaces under new rules.

The rule, which applies to both public and private schools in the county, was implemented as students return from their winter break, according to updated guidance from the Los Angeles County Public Health Department.

“During this surge, given the spread of a more infectious strain of the virus, lapses can lead to explosive transmission,” Public Health Director Barbara Ferrer wrote in a news release Sunday.

“Well-fitting and high-quality masks are an essential layer of protection when people are in close contact with others, especially when indoors or in outdoor crowded spaces where distancing is not possible.”

The mask guidance was updated after the surge in infections and was blamed on the spread of both the Omicron and Delta variants. Los Angeles County reported about 23,000 new COVID-19 cases on Saturday and around 21,000 cases on Sunday, along with two deaths that were confirmed over the past weekend, although the individuals’ respective ages and other information were not provided.

Across the United States, the number of COVID-19 cases has spiked in recent weeks, reaching all-time daily highs, according to data released by the Centers for Disease Control and Prevention (CDC). However, amid the spread of Omicron, the death rate appears to be lower than previous surges, the data show.

“Although masks can be annoying and even uncomfortable for some, given that many infected individuals are spreading COVID 1–2 days before they are symptomatic, the physical barrier tendered by a mask is known to reduce the spread of virus particles,” Ferrer also said.

The health department did not elaborate on what kind of masks would be deemed “high quality” under the new guidelines.

County officials decided late last week that new guidance would be implemented, sending a letter out to district and school officials.

“I apologize for disrupting your New Year’s Eve, but wanted to get information to you as soon as possible,” Debra Duardo, superintendent for the Los Angeles County Office of Education, wrote in a letter dated Dec. 31. “We received an email from [county health] at 4:35 p.m. today regarding updates to K–12 policies in response to Omicron with a request to provide this information to all 80 districts ASAP. I realize that these changes will create challenges to an already difficult situation for all of you. I am sorry that this is giving you such short notice.”

iii) important USA economic stories for you tonight

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

SWAMP STORIES //

Woman Arrested After Allegedly Injecting Teen With Vaccine On New Year’s Eve

MONDAY, JAN 03, 2022 – 04:20 PM

Submitted by Jack Phillips of the Epoch Times

A 54-year-old woman from Long Island, New York, was arrested over the weekend for allegedly injecting what is believed to be a COVID-19 vaccine to a teenager in her home.

Laura Parker Russo, of Sea Cliff, is accused of administering a shot to a 17-year-old boy, who was not named, on New Year’s Eve without parental consent. Russo is not a physician or authorized to administer doses of the vaccine, Nassau County Police officials told the New York Post and other local media.

After the teen received the shot, he returned to his home and told his mother. The mother then notified the police that she did not give Russo permission to give the vaccine to her son, authorities told Pix11.

Russo was arrested on New Year’s Eve and was charged with unauthorized practice of a profession. She was released on a desk appearance ticket and is scheduled to appear in court on Jan. 21, police said.

“The mother had not given permission or authority to have her son injected with a Covid Vaccine and called police,” said Nassau County Police in a statement to the Daily Voice.

It’s not clear why the teen was at Russo’s home, and it’s also not clear what relationship the boy had with Russo. Other details about the case were not provided.

In recent months, there have been several reported incidents across the United States where a minor has received a vaccine without their parents’ consent.

A Los Angeles mother said n December that her 13-year-old son, who has asthma, was given the COVID-19 vaccine without her knowledge or permission. Maribel Duarte told local media her son came home from the Barack Obama Global Prep Academy in South Los Angeles with a COVID-19 vaccine card after he was administered the Pfizer shot in exchange for pizza.

“I should have been involved,” Duarte, who said she is vaccinated, told NBC Los Angeles.

“The lady that gave him the shot and signed the paper told my son, ‘Please don’t say anything. I don’t want to get in trouble.’”

Duarte later explained that she does not want her son to receive the vaccine due to his asthma and added that he suffers from allergies.

Also in December, Florida mother Ariana Fraser said her 5-year-old daughter was given a flu shot at her school in Lake Worth Beach without her consent.

“We took the band-aid off and she had an injection mark, and on the paper it says she received a vaccination for a flu shot that we didn’t approve of and the paper is not her name,” Fraser told a CBS affiliate station.

END

KING REPORT/SWAMP STORIES 

I will see you on Tuesday night/

end

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