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comex notices//JPMorgan notices filed 1/11

COMEX//NOTICES FILED

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,788.700000000 USD
INTENT DATE: 01/06/2022 DELIVERY DATE: 01/10/2022
FIRM ORG FIRM NAME ISSUED STOPPED

435 H SCOTIA CAPITAL 2
624 H BOFA SECURITIES 8
657 C MORGAN STANLEY 4
661 C JP MORGAN 1
905 C ADM 7

TOTAL: 11 11
MONTH TO DATE: 1,175

COMEX//NOTICES FILED

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,824.600000000 USD
INTENT DATE: 01/05/2022 DELIVERY DATE: 01/07/2022
FIRM ORG FIRM NAME ISSUED STOPPED

624 H BOFA SECURITIES 1
737 C ADVANTAGE 1

TOTAL: 1 1
MONTH TO DATE: 1,164

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 11 NOTICE(S) FOR 1100 OZ (0.0342 TONNES)

total notices so far: 1175 contracts for 117500 oz (3.6547 tonnes)

SILVER NOTICES:

24 NOTICE(S) FILED TODAY FOR 120,000 OZ/

total number of notices filed so far this month 1980 : for 9,980,000 oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD

WITH GOLD UP $8.15

WITH RESPECT TO GLD WITHDRAWALS: (OVER THE PAST FEW MONTHS): A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES FROM THE GLD/

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//

CLOSING INVENTORY: 978.83 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 17 CENTS:/:

NO CHANGES IN SILVER INVENTORY:

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 530.612 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI STRANGELY ROSE BY A SMALL 190 CONTRACTS TO 140,333 AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020.. DESPITE THE HUGE $0.94 LOSS IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.94) BUT WERE UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS AS WE HAD A STRONG GAIN OF 1370 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 HUGE ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.505 MILLION OZ FOLLOWED BY TODAY’S 120,000 OZ QUEUE JUMP V) SMALL SIZED COMEX OI GAIN.

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

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS -80

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

TOTAL CONTACTS for 5 days, total contracts: : 2810 contracts or 14.050 million oz OR 2.810 MILLION OZ PER DAY. (562 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 2810 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 14.050 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 INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 190 WITH OUR 94 CENT LOSS SILVER PRICING AT THE COMEX// THURSDAY THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1180 CONTRACTS( 1180 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 120,000 OZ EFP TO QUEUE JUMP//NEW STANDING 12.265 MILLION OZ// .. WE HAD A HUGE SIZED GAIN OF 1370 OI CONTRACTS ON THE TWO EXCHANGES FOR 6.850 MILLION OZ//

WE HAD 24 NOTICES FILED TODAY FOR 120,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A STRONG SIZED 6.998 TO 517,853 , 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: -3649 CONTRACTS

THE STRONG SIZED INCREASE IN COMEX OI CAME DESPITE OUR HUGE GAIN IN PRICE OF $35.30//COMEX GOLD TRADING/THURSDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED A GIGANTIC SIZED 9952 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 1100 OZ EQUEUE. JUMP//NEW STANDING: 3.7572 TONNES

YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $35.30 WITH RESPECT TO THURSDAY’S TRADING

WE HAD A HUGE SIZED GAIN OF 9952 OI CONTRACTS (30.95 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2954 CONTRACTS:

FOR FEB 2954 ALL OTHER MONTHS ZERO//TOTAL: 2954

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 521,502.

IN ESSENCE WE HAVE A GIGANTIC SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 9952, WITH 6998 CONTRACTS INCREASED AT THE COMEX AND 2975 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 13,601 CONTRACTS OR 30.95 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2975) ACCOMPANYING THE STRONG SIZED GAIN IN COMEX OI (6998): TOTAL GAIN IN THE TWO EXCHANGES 9952 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 3.7262 TONNES//FOLLOWED BY TODAY’S 1100 OZ QUEUE. JUMP.//NEW STANDING 3.7572 TONNES 3)ZERO LONG LIQUIDATION,4) STRONG 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 : 18,895 CONTRACTS OR 1,889,500 oz OR 59.08 TONNES (5 TRADING DAY(S) AND THUS AVERAGING: 3779 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 5 TRADING DAY(S) IN TONNES: 59.08 TONNES

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

THUS EFP TRANSFERS REPRESENTS 59.08/3550 x 100% TONNES 1.661% 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, ROSE BY A SMALL SIZED 190 CONTRACTS TO 140,333 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 4 1/2 YEARS AGO.

EFP ISSUANCE 1180 CONTRACTS

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

MAR 1180 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1180 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 190 CONTRACTS AND ADD TO THE 1180 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 1370 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 6.85 MILLION OZ,

OCCURRED WITH OUR $0.94 LOSS 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)FRIDAY MORNING THURSDAY NIGHT

SHANGHAI CLOSED DOWN 6.54 PTS OR 0.18% //Hang Sang CLOSED UP 420.52 PTS OR 1.82% /The Nikkei closed DOWN 9,31 PTS OR 0.03% //Australia’s all ordinaires CLOSED UP 1.27% /Chinese yuan (ONSHORE) closed UP 6.3787 /Oil UP 80.08 dollars per barrel for WTI and UP TO 82.70 for Brent. Stocks in Europe OPENED ALL RED EXCEPT ITALY // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3787. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3866: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

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 STRONG SIZED 6998 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 STRONG COMEX INCREASE OCCURRED WITH OUR HUGE LOSS OF $35.30 IN GOLD PRICING THURSDAY’S COMEX TRADING. WE ALSO HAD A FAIR EFP (2954 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 2954 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 2954 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2954 CONTRACTS

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A GIGANTIC SIZED 9952 TOTAL CONTRACTS IN THAT 2954 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED COMEX OI GAIN OF 6998 CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN (3.7572),

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 SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $35.30)

AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL LOSS ON THE TWO EXCHANGES REGISTERED 30.95 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (3.7572 TONNES)…

WE HAD – 3649 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 9952 CONTRACTS OR 995,200 OZ OR 30.95 TONNES

Estimated gold volume today: 306,875 good///

Confirmed volume yesterday: 281,772 contracts fair/raid

/2022 INITIAL STANDINGS FOR JAN COMEX GOLD INITIAL STANDINGS FOR JAN COMEX GOLD

JAN 7/2022

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	nil oz
Deposit to the Dealer* Inventory in oz*	nilOZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	11 notice(s) 1100 OZ 1.660 TONNES
No of oz to be served (notices)	32 contracts 3200 oz 0.0995 TONNES
Total monthly oz gold served (contracts) so far this month	1175 notices 117,500 OZ 3.6547 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	xxx oz

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD

JAN 7

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

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 43 stand for JANUARY GAINING 10 contracts. We had 1 notices filed on THURSDAY, so we GAINED 11 contracts or an additional 1100 oz will stand for

gold in this very non active delivery month of January

FEBRUARY LOST 9901 CONTRACTS TO 354,783

March added 468 contracts to stand at 1340..

We had 11 notice(s) filed today for 1100 oz FOR THE JAN 2022 CONTRACT MONTH

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 11 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1 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 (1175) x 100 oz , to which we add the difference between the open interest for the front month of (JAN: 43 CONTRACTS ) minus the number of notices served upon today 11 x 100 oz per contract equals 120,700 OZ OR 3.7572 TONNES the number of TONNES standing in this NON active month of JAN. (numbers corrected from yesterday)

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

No of notices filed so far (1175) x 100 oz+ (43) OI for the front month minus the number of notices served upon today (11} x 100 oz} which equals 120,700 oz standing OR 3.7572 TONNES in this NON active delivery month of JAN.

We GAINED 11 contracts or an additional 1100 oz of gold will not stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING: 3.7572 TONNES (VERY STRONG FOR A JANUARY DELIVERY MONTH)

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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: 33,645,971.381 OZ (1046.53 TONNES)

TOTAL ELIGIBLE GOLD: 16,033,077.840 OZ (497.76 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,608,893.542 OZ (547.71 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,955,876.0 OZ (REG GOLD- PLEDGED GOLD) 496.29 tonnes

END

JANUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//JAN

JAN 7

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	502,485.520 oz Brinks
Deposits to the Dealer* Inventory*	nilOZ
Deposits to the Customer Inventory	nil oz
No of oz served today (contracts)	24 CONTRACT(S) 120,000 OZ)
No of oz to be served (notices)	473 contracts (2,365,000 oz)
Total monthly oz silver served (contracts)	1980 contracts 9,900,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

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 deposits

JPMorgan has a total silver weight: 184.055 million oz/354.281 million =52.37% of comex

ii) Comex withdrawals: 1

a) out of Brinks: 502,485.520 oz

total withdrawal 502,485.520 oz Brinks

we had 1 adjustment

i) Out of Brinks 179,171.220 oz adjusted out of the dealer and into the customer account

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.399 MILLION OZ

TOTAL REG + ELIG. 354.281 MILLION OZ

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

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

NUMBER OF NOTICES FILED TODAY: 13 NOTICES OR 65,000 OZ

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silver open interest data:

FRONT MONTH OF JAN//2022 OI: 497 CONTRACTS LOSING 330 contracts on the day

We had 382 notices filed on THURSDAY so we GAINED 52 contracts or 260,000 additional oz will stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A GAIN OF 48 CONTRACTS UP TO 634

FOR MARCH WE HAD A LOSS OF 81 CONTRACTS DOWN TO 114,972 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 24 for 120,000 oz

Comex volumes: 60,739 ok// est. volume today

Comex volume: confirmed YESTERDAY: 78,088 contracts (good/raid)

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 1980 x 5,000 oz =. 9,900,000 oz

to which we add the difference between the open interest for the front month of JAN (497) and the number of notices served upon today 24 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2021 contract month: 1980 (notices served so far) x 5000 oz + OI for front month of JAN (497) – number of notices served upon today (24) x 5000 oz of silver standing for the JAN contract month equates 12,265,000 oz. .

We GAINED 52 contracts or an additional 260,000 oz will stand for delivery on this side of the pond.

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 7/WITH GOLD UP $8.15//A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWLA OF 1.16 TONNES FROM THE GLD////INVENTORY RESTS AT 978.83 TONNES

JAN 6/WITH GOLD DOWN $35.30//A SMALL CHANGE IN GOLD INVENTORY AT THE GLD//A WITHDRAWAL OF .32 TONNES/INVENTORY RESTS AT 979.99 TONNES

JAN 5/WITH GOLD UP $10.30: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 980.31 TONNES

Jan 4/WITH GOLD UP $14.00//A HUGE CHANGE OF 4.65 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 980.31 TONNES

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//

CLOSING INVENTORY: 978.83 TONNES

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

SLV…

JAN 7/WITH SILVER UP 17 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ//.

JAN 6/WITH SILVER DOWN 94 CENTS TODAY: A SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL PF 226,000 OZ FROM THE SLV///INVENTORY RESTS AT 530.612 MILLION OZ?/

JAN 5/WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.838 MILLION OZ//

JAN 4/WITH SILVER UP 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.838 MILLION OZ//

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//

CLOSING INVENTORY: 530.612 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

Your weekend reading material: a good one

(Alasdair Macleod)

Alasdair Macleod: Money supply and rising interest rates

Submitted by admin on Thu, 2022-01-06 12:56 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, January 6, 2021

The establishment, including the state, central banks and most investors are thoroughly Keynesian, the latter category having profited greatly in recent decades from their slavish following of the common meme.

That is about to change. The world of continual Keynesian stimulus is coming to its inevitable end with prices rising beyond the authorities’ control. Being blinded by neo-Keynesian beliefs, no one is prepared for it.

This article explains why interest rates are set to rise substantially in this new year. It draws on evidence from the inflation crisis of the 1970s, and points out the similarities and the fact that currency debasement today is far greater and more global than 50 years ago. In the UK, half the current rate of monetary inflation for half the time — just for one year — led to gilt coupons over 15%. And today we have Fed watchers who can only envisage a Fed funds rate climbing to 2% at most.

A key factor will be the discrediting of this Keynesian hopium, likely to be replaced by a belated conversion to the monetarism that propelled Milton Friedman into the public eye when the same thing happened in the mid-’70s. The realisation that inflation is always and everywhere a monetary phenomenon will come too late for policy makers to stop it.

The situation is closely examined for America, its debt, and its dollar. But the problems do not stop there: The risks to the global system of fiat currencies and credit from rising interest rates and the debt traps that will be sprung are acute everywhere. …

… For the reainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/money-supply-and-rising-interest-rates?gmrefcode=gata

END

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

ONSHORE YUAN: CLOSED UP AT 6.3787

OFFSHORE YUAN: 6.3866

HANG SANG CLOSED UP 420.52 PTS OR 1.82%

2. Nikkei closed DOWN 9.31 PTS OR 0.03%

3. Europe stocks ALL RED EXCEPT ITALY

USA dollar INDEX DOWN TO 96.22/Euro RISES TO 1.1299-

3b Japan 10 YR bond yield: RISES TO. +.135/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 115.81/ 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:: 80.08 and Brent: 82.70-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.062%/Italian 10 Yr bond yield FALLS to 1.29% /SPAIN 10 YR BOND YIELD FALLS TO 0.63%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.35: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.51

3k Gold at $1788.75 silver at: 22.14 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble DOWN 72/100 in roubles/dollar AT 75.60

3m oil into the 80 dollar handle for WTI and 82 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 115.81 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 .9221– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0420 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

USA 10 YR BOND YIELD: 1.729 UP 1 BASIS PTS

USA 30 YR BOND YIELD: 2.086 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.86

Futures Rise Ahead Of Jobs Data That Could “Wreak Havoc In Markets”

FRIDAY, JAN 07, 2022 – 08:05 AM

US index futures climbed on Friday, paring this week’s losses fractionally as investors braced for jobs data that should provide clues about the pace of Fed tightening and which is expected to come in strong (whisper number at 502k, above 447k estimate, up from 210K last month; Wednesday’s ADP print was 807k, well above 410k estimate, our full preview is here) but not too strong – remember we now live in a “good news is bad news” world – or else the market will freak out that the Fed will hike even faster than is currently expected. Nasdaq futures also showed signs of recovery after a three-day selloff even as cryptocurrencies crashed again during the Asian session. As of 730am, emini S&P futures were up 4 points or 0.1%, Nasdaq futures were 0.24% higher, or 37 points and Dow futures were unchanged.Treasuries were steady, with the two-year yield heading for the biggest weekly spike since October 2019. Crude oil headed for the longest streak of weekly gains since October on tightening supplies.

U.S. hiring likely more than doubled in December from the previous month to 447,000 new jobs, according to consensus projections for nonfarm payrolls. “A low figure, around 100,000-200,000, wouldn’t change the direction the Fed is preparing to take,” Ipek Ozkardeskaya, a senior analyst at Swissquote, wrote in a note. “However, a strong NFP print, and a beat on unemployment rate, have the power of boosting the Fed hawks, on the idea that the jobs market no longer needs the Fed’s support.” That “could wreak havoc in risk markets.”

A surprisingly hawkish stance from the Fed revealed in the latest Minutes roiled financial markets at the start of a new year, with investors reassessing how to price assets in an environment of rising interest rates. The removal of crisis-era accommodation marks a shift not seen in at least three years, a time that also saw a spike in volatility.

“We knew coming into 2022 that the Fed was going to be a creator of volatility within the market and we’re seeing that right out of the gate at the start of the year,” said Lindsey Bell, chief markets and money strategist at Ally. “The good news is that today things seem to be stabilizing a little bit after yesterday’s knee-jerk reaction.”

Comments by regional Fed presidents provided some additional insight Thursday as traders attempted to predict a possible schedule for tightening. St. Louis Fed President James Bullard, a more hawkish policy maker, said in a speech the central bank could raise its target interest rate as soon as March. Meanwhile, San Francisco Fed President Mary Daly said at a virtual event that trimming the Fed balance sheet would come after normalizing the Fed funds rate.

Back to markets, Among meme stocks, GameStop jumped 18% in premarket trading after a report that the gaming retailer plans to launch a marketplace for non-fungible tokens this year. AMC Entertainment gained 6.5%. Discovery Inc. rose in New York premarket trading after BofA Global Research recommended the stock. Cryptocurrency-exposed stocks slip as Bitcoin extended its decline, falling below $42,000, before recovering slightly; the largest token declined as much as 4.9% to $41,008, marking a tumble of about 40% from its record near $69,000 reached Nov. 10. Marathon Digital dropped 1.6% in U.S. premarket, Riot Blockchain -1.3%, MicroStrategy -0.4% In Europe, Safello -4%, Arcane Crypto -5.7%, Northern Data -3.1%. Other notable premarket movers:

GameStop (GME US) shares surge 19% in U.S. premarket trading after the gaming retailer was said to be planning to launch an NFT marketplace.
Kohl’s (KSS US) falls 3.8% in premarket trading after UBS downgrades it to sell and slashes price target to a Wall Street-low on the “challenging” outlook for the stock in 2022 on inflationary pressures.
Cryptocurrency-exposed stocks slip as Bitcoin extends its decline, falling below $42,000, before recovering slightly. Marathon Digital (MARA US) drops 1.6% in U.S. premarket, Riot Blockchain -1.3% (RIOT US), MicroStrategy -0.4% (MSTR US).
Thursday’s court ruling was a “clear win” for Sonos (SONO US), and provides further proof that the firm has industry-leading intellectual property that it can successfully defend, Morgan Stanley (overweight) says. Shares rose 5.7% post-market.
Marin Software (MRIN US) soars 36% in U.S. premarket trading after the marketing software firm announced an integration with Amazon Ads’ demand-side platform. Marin’s market capitalization was about $53m at Thursday’s close.
Duck Creek Technologies’ (DCT US) net new annual recurring revenue is “back to beating,” Barclays (overweight) says. The shares rose 7.7% in postmarket trading after co. boosted its full-year revenue forecast.
Quidel (QDEL US) rose 3% postmarket after the maker of Covid tests reported 4Q preliminary revenue that sailed past expectations.
Armada Hoffler Properties (AHH US) fell 4.7% in premarket after launching a share sale to help pay the cash cost of its previously announced deal for the Exelon Building in Baltimore.
Absci Corp. jumped 48% after announcing a research agreement with Merck & Co.

European equities had a choppy morning, settling flat to small lower as losses for travel and real-estate stocks outweighed gains in the mining industry, pulling the Stoxx Europe 600 Index down 0.3%. The gauge has had a bumpy first week of the year, pulling back from three consecutive record highs. In Milan, STMicroelectronics rose as much as 6.5%, the most since October, after the chipmaker reported higher-than-expected revenue. DAX lagged peers, dropping as much as 0.75%. Most indexes trade around lows for the week. Travel and real estate are the weakest sectors; miners, tech and oil & gas stocks lead to the upside. Here are some of the biggest European movers today:

STMicroelectronics shares rise as much as 6.5% in Milan, the most since Oct. 28, after the chipmaker reported 4Q21 revenue that exceeded projections.
Banca Carige soars as much as 13% amid reports that Cerberus submitted a non-binding offer for the troubled lender.
Lanxess jumps as much as 3.3% to the highest since Nov. 3 after the stock is upgraded to overweight from equal-weight at Barclays, which sees “an attractive set-up” for share outperformance this year.
Aston Martin gains as much as 3.8% after an update from the luxury car-maker that Jefferies (hold) called a “reassuring profit warning.”
Inpost falls as much as 8.6%, reversing early gains, after the firm posted a 4Q and FY operational update. Growth in 4Q parcel volumes was 1% below Jefferies’ estimates, writes analyst David Kerstens (buy).
Evolution drops as much as 6.2% after Berenberg says the market is “overly optimistic” about the Swedish online gambling giant’s top-line growth prospects, initiating with a hold rating on the stock.
M&C Saatchi falls as much as 12%, the most intraday since July 2020, erasing some of the gains since the Jan. 5 announcement that AdvancedAdvT acquired a stake. The drop came after AdvancedAdvT said it’s interested in exploring a share- exchange merger.
C&C falls as much as 5.8% after the Irish cider maker said performance was behind expectations in December due to the latest U.K. and Ireland measures to control the spread of Covid-19.

Consumer prices in the euro area jumped a record 5% from a year earlier in December, adding pressure on the ECB to join a growing legion of central banks from the Fed to the Bank of England in tightening monetary conditions.

Earlier in the session, Asian stocks rose, rebounding after a two-day drop, as financials gained amid the outlook for higher U.S. interest rates while traders remained wary of risks from the end of easy-money policies and coronavirus flare-ups. The MSCI Asia Pacific Index pared gains after rising by as much as 0.7%. South Korean chipmakers and Chinese internet giants were among stocks supporting the advance, helping offset drops in Taiwanese and Japanese tech stocks. The regional stock benchmark was poised for a weekly loss of 0.8%, sparked by a more hawkish than expected tone in the Federal Reserve’s December meeting minutes. The prospects of faster-than-expected monetary tightening spooked global investors, triggering a selloff of growth stocks.

“Value stocks continue to be strong, with higher yields pushing up banking stocks,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo. But, “for value and cyclicals to continue to be strong, the reasoning over monetary tightening needs to be backed by robust economic fundamentals and corporate earnings.”

Key gauges in Hong Kong, South Korea and Australia rose more than 1%. Japan’s Topix swung from a gain of as much as 1% to a loss of 0.8% at one point as investors reacted to news of spiking Covid-19 cases in some areas and possible restrictions to counter them. For Japan, the “risk of going into a state of emergency again seems to be weighing on the minds of investors,” said Serdar Armutcu, head of electronic trading at Mita Securities Co. in Tokyo.

Japanese stocks finished a volatile day slightly down amid concerns on interest rates and virus measures. Electronics makers and service providers were the biggest drags on the Topix, which closed 0.1% lower after swinging from a gain of 1% to a loss of 0.8%. Banks outperformed amid a rally in global lenders on an outlook for higher U.S. rates. The Nikkei 225 was little changed, with SoftBank Group gaining while Omron and Daikin dropped. “I guess it’s the continuation of yesterday’s market weakness, concerns over the FOMC,” said Serdar Armutcu, head of electronic trading at Mita Securities Co. in Tokyo. Plus, the “risk of going into a state of emergency again seems to be weighing on the minds of investors.” Okinawa was set to record over 1,400 new Covid cases, FNN reported. Kyodo reported earlier that Japan will delay resumption of its “Go To” travel subsidy program until after February and that Tokyo may tighten guidelines on group dining.

Indian stocks rose on optimism that state governments will opt for specific restrictions, instead of broad-based lockdowns, to curb a surge in coronavirus cases. The S&P BSE Sensex climbed 0.2% to 59,744.65, in Mumbai, taking its advance this week to 2.6%, the biggest five-day advance since early September. The NSE Nifty 50 Index gained 0.4%. Reliance Industries Ltd. climbed 0.8% and was the biggest boost for both gauges. Thirteen of 19 sector indexes compiled by BSE Ltd. advanced, led by a gauge of basic materials companies. Of 30 shares in the Sensex index, 16 rose and 14 fell. Mumbai, India’s financial capital, has no plans to shut down even as daily Covid-19 cases increase, the city’s municipal commissioner said. Separately, India will release its official estimate of the economy’s expansion for the fiscal year ending in March later today

In Australia, the S&P/ASX 200 index rose 1.3% to close at 7,453.30, regaining ground after Thursday’s 2.7% slump. All sectors advanced, led by energy shares and banks. Overall, the benchmark added 0.1% in the shortened first trading week of the year. Medibank was the top performer on Friday, gaining the most since March 2020. Magellan was among the worst performers after reporting net outflows of about A$1.55 billion for the December quarter. In New Zealand, the S&P/NZX 50 index fell 0.1% to 12,970.65

In FX, Bloomberg dollar spot drifts 0.2% lower. The euro was marginally higher against the greenback. Scandies top the G-10, AUD lags although ranges are relatively narrow.

In rates, price action was subdued with cash USTs and eurodollars quiet ahead of today’s payrolls report, with yields marginally cheaper across the curve but within Thursday session range. Treasury yields were cheaper by up to 1bp across long-end of the curve with spreads marginally steeper; 10-year yields around 1.725%, remain near top of weekly range. Long-end bunds and gilts richen ~1.5bps, peripheral spreads widen to core.

In commodities, oil was on course for a third weekly increase amid supply constraints; crude futures tagged on another percentage point of gains. WTI regains a $80-handle, Brent stalls near $83 in early London trade. Gains in commodities and emerging-market stocks further underscored the Friday rebound in risk sentiment. Spot gold drifts either side of $1,790/oz. Base metals are set to end the week strongly with LME nickel leading. Cryptos crashed during the Asian session, as usual.

Looking at the day ahead now, and the main highlight will be the aforementioned US jobs report for December. Otherwise, data releases from the Euro Area include the flash CPI reading for December, the final consumer confidence reading for December, and retail sales for November. Elsewhere, there’s also industrial production in November for France and Germany. Central bank speakers include the Fed’s Daly and Bostic, and the BoE’s Mann.

Top Overnight News from Bloomberg

Federal Reserve policy makers could start to raise their target interest rate as soon as March and shrink the central bank’s balance sheet as a next step in response to surging inflation, Federal Reserve Bank of St. Louis President James Bullard said
China’s delta variant-fueled Covid-19 outbreak isn’t showing signs of easing, with cases now cropping up elsewhere and technology hub Shenzhen on high alert, despite a dropoff in the latest epicenter Xi’an
Local governments in China have started mapping out their economic blueprints for 2022, setting moderate to ambitious growth targets that give a signal of national goals
President Kassym-Jomart Tokayev declared that order had largely been restored in Kazakhstan, after efforts to suppress mass protests that erupted over fuel price increases
Oil was poised for a third weekly gain as the market tightened due to supply constraints across OPEC+ members following civil unrest.
Peru hiked for a sixth straight month as inflationary pressure mounts amid the economy’s strong rebound from the pandemic. Argentina also raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy
Japanese Finance Minister Shunichi Suzuki says he’s closely watching moves in foreign exchange markets and the impact of currencies on the economy

Market Snapshot

S&P 500 futures up 0.18% to 4,696.00
STOXX Europe 600 down 0.3% to 486.86
MXAP up 0.5% to 191.98
MXAPJ up 0.8% to 625.21
Nikkei little changed at 28,478.56
Topix little changed at 1,995.68
Hang Seng Index up 1.8% to 23,493.38
Shanghai Composite down 0.2% to 3,579.54
Sensex up 0.1% to 59,687.14
Australia S&P/ASX 200 up 1.3% to 7,453.35
Kospi up 1.2% to 2,954.89
Brent Futures up 0.9% to $82.71/bbl
Gold spot little changed at $1,790.39
U.S. Dollar Index down 0.21% to 96.12
German 10Y yield little changed at -0.05%
Euro up 0.2% to $1.1316

A more detailed look at global markets, courtesy of Newsquawk

Asia-Pac equities traded mostly higher but off best levels following a choppy Wall Street session – which saw the Russell 2000 close in the green whilst mild losses were seen across the Dow Jones, Nasdaq and S&P 500. US equity futures resumed trade with modest gains but the upside momentum faded, with the ES Mar’22 on either side of 4,700 in the run-up to the US jobs data. European equity futures traded flat with an upside bias for most of the overnight session. In APAC, the ASX 200 (+1.3%) was supported by its Financials, Energy, and Consumer Discretionary sectors. The Nikkei 225 (unch) was choppy but ultimately negative, with the index subdued by reports the Japanese government is seeking approval to declare COVID “quasi-emergencies” in three prefectures. The KOSPI (+1.2%) saw its Tech sector among the top performers after Samsung Electronic rose over 1.5% following its prelim earnings. The Hang Seng (+1.8%) and Shanghai Comp (-0.2%) held onto the mild gains seen at the cash open, although the property sector felt no reprieve as Shimao – thought to be one of the safer property firms – reportedly defaulted on a trust loan, thus triggering freefalls across its stock and bonds. In fixed income, US 10yr cash yield trimmed some of the prior session’s gains.

Top Asian News

Hong Kong to Send All Partygoers to Government Quarantine
Hong Kong’s Growth Forecasts at Risk as Omicron Spreads in City
Property Stocks Rally, Shimao Pares Losses: Evergrande Update
China Says It Supports Kazakhstan’s Efforts to End ‘Chaos’

European equities trade mixed/flat (Stoxx 600 -0.1%) with the Stoxx 600 on course to end the week in minor positive territory as markets await the December US NFP report. The handover from Asia was a mixed bag with upside seen for the ASX 200 (+1.3%) and Hang Seng (+1.8%) whilst the Nikkei (unch) was unable to gain much traction to the upside amid reports the Japanese government is seeking approval to declare COVID “quasi-emergencies” in three prefectures. Stateside, after yesterday’s session which saw the Russell 2000 close in the green and modest losses for the Nasdaq and S&P 500, futures are indicative of a relatively flat open with the ES +0.2%. In a recent note, Morgan Stanley suggested that this year’s equity set-up is “is best in Europe and Japan, where estimates look low while valuations are undemanding.” Sectors in Europe are mixed with Basic Resources the clear outperformer amid price action in underlying commodity prices whilst Rio Tinto (+2.0%) has also garnered support from a broker upgrade at Berenberg. Banking names are taking a breather today after gains of 4.4% for the Stoxx 600 Banking Index this week amid the more favourable yield environment seen since the beginning of the year. To the downside, Travel & Leisure names lag peers with no obvious catalyst behind the move whilst Real Estate and Food & Beverage names are also seen lower. In terms of individual movers, STMicroelectronics (+5.5%) is the best performer in the Stoxx 600 after Q4 prelim. revenue exceeded expectations, citing better than anticipated operations in an ongoing dynamic market; gains in the Co. have provided support for the likes of Infineon (+2.8%) and ASML (+2.1%). Shell (+0.2%) has seen marginal, but waning, support after announcing that the remaining USD 5.5bln of proceeds from the Permian divestment are to be distributed in the form of share buybacks at pace. To the downside, Airbus (-1.2%) is a laggard in the CAC after reports that Qatar Airways is seeking compensation regarding surface flaws on the A350.

Top European News

Sanofi Forms Potential $5.2 Billion AI Deal With Exscientia
Aston Martin Assures Valkyrie Is On Track After Ramp-Up Issues
Polish Inflation Hits 21-Year-High With More Rate Hikes Expected
ABG Hires Partners for Equity Sales From Nordea and Arctic

In FX, not much deviation and perhaps inclination for the Dollar to venture too far before the latest BLS report that may be key in terms of determining whether the Fed pulls the rate hike trigger in March and sets the ball rolling for QT at the next or a nearby FOMC meeting. The index remains finely poised between 96.086-299 parameters amidst fractionally softer US Treasury yields and another downturn in broad risk sentiment, albeit relatively mild compared to previous episodes of aversion this week. Moreover, several Greenback/G10 pairings could be preoccupied with option expiries in the run up to the jobs data (and after pending the outcome) given hefty interest rolling off at today’s NY cut.

EUR/GBP – The Euro and Pound are marginally outperforming, with the former reclaiming 1.1300+ status vs the Buck and latter retesting resistance around 1.3550 that includes the 100 DMA. However, Eur/Usd has faded multiple times above the round number and needs to breach 1.1350 convincingly to turn the corner, so 1.5 bn option expiry interest from 1.1290 to 1.1300 may still prove to be an impediment. Conversely, Eur/Gbp continues to hold above the 0.8333 mark that equates to the psychological 1.2000 level in the inverse cross to offer the Euro support and cap Sterling regardless of another encouraging UK PMI (construction this time) or flash Eurozone inflation flash ‘surprising’ to the upside (in line with Germany’s preliminary CPI outcome yesterday).
NZD/CAD – Aud/Nzd dynamics rather than NZ specifics might be propping up the Kiwi as well, while the Loonie is deriving traction from ongoing strength in crude oil (WTI pivoting Usd 80/brl and Brent basically bid within a Usd 82-83 range) before Canada’s LFS. Nzd/Usd is hovering around 0.6750, as the aforementioned Antipodean cross probes 1.0600 and Usd/Cad is inching towards 1.2700.
CHF/AUD/JPY – The Franc is treading water sub-0.9200 against its US counterpart with little reaction to an unexpected dip in Swiss sa unemployment or an acceleration in retail sales, while the Aussie and Yen both look trapped by option expiries very close or not far outside intraday extremes. Note, Aud/Usd has been up to 0.7178 and down to 0.7143 and Usd/Jpy topped and tailed at 116.05 and 115.75, so well within striking distance of 2.6 bn at 0.7160, 2.2 bn at 0.7200, 1.1 bn between 115.45-50 and 2.7 bn at 116.00.

In commodities, crude benchmarks are firmer in European trade with action directionally following, but eclipsing in magnitude, broader equity/risk performance. Currently, posting gains of around USD 1.0/bbl featuring WTI back above USD 80.00/bbl and Brent probing USD 83.00/bbl. Specific newsflow has been limited. Focus remains on geopolitics with increasingly punchy rhetoric emanating from Kazakhstan leaders regarding fuel-protests, though updates to output there remain limited after the sparse developments yesterday, highlighted by the Tengiz facility making a temporary adjustment. Elsewhere, adding to the positive tones from earlier in the week, the French Foreign Minister says there has been progress in Iranian nuclear discussions, but caveated that time is running out. Moving to metals, spot gold and silver are essentially unchanged at present despite some modest gyrations around the APAC/Europe crossover with newsflow sparse and broader sentiment cagey pre-NFP. Note, the weekly BofA Flow Show highlights the first inflow in a five-week period for precious metals, amounting to USD 0.3bln. Elsewhere, particularly for the copper watchers, a magnitude 5.2 earthquake occurred in Ricardo Palma, Peru – does not appear to be in direct proximity to a copper mine though, no commentary/guidance on any potential impacts yet.

US Event Calendar

8:30am: Dec. Change in Nonfarm Payrolls, est. 447,000, prior 210,000
- Dec. Change in Private Payrolls, est. 405,000, prior 235,000
- Dec. Change in Manufact. Payrolls, est. 35,000, prior 31,000
- Dec. Unemployment Rate, est. 4.1%, prior 4.2%
- Dec. Underemployment Rate, prior 7.8%
- Dec. Labor Force Participation Rate, est. 61.9%, prior 61.8%
- Dec. Average Hourly Earnings YoY, est. 4.2%, prior 4.8%
- Dec. Average Hourly Earnings MoM, est. 0.4%, prior 0.3%
- Dec. Average Weekly Hours All Emplo, est. 34.8, prior 34.8
3pm: Nov. Consumer Credit, est. $20b, prior $16.9b

DB’s Jim Reid concludes the overnight wrap

My wife dropped a bombshell last night over dinner. She says she is going to start life drawing classes as of next week. I felt slightly better once I had it confirmed that she would be going as an artist rather than the subject. My offer to allow her to draw me at home was swiftly rebuked. She used to do a lot of this when she was at art college but ultimately now the children are at school she wants to get back into art in some form or another. Her long-term goal is to write and illustrate children’s books. So in couple of years time it will be buy one EMR and get a children’s book for free. Or indeed the other way round.

Talking of new jobs, today is another important payrolls report as the Fed is rapidly catching up to the tightness in the labour market that has been clear in most of the data for many months now outside of the actual headline payroll data. We’ll review what our economists are expecting below but for now the consequences of Wednesday’s FOMC minutes continue to reverberate in markets, as Fed officials across the dove-hawk spectrum emphasised support for starting QT shortly after rate hikes. See my CoTD from yesterday here for what happened to assets the last time we saw QT.

Sovereign bond yields saw another leg higher yesterday even as there were some initial signs that equities might be beginning to stabilise. The moves came as investors dialled up their hawkish bets on the Fed’s policy trajectory for this year, with Fed funds futures now pricing in an 84% chance of an initial rate hike as soon as the March meeting, which is the highest probability to date and up from just 33% only a month earlier.

These growing expectations of future rate hikes meant that yields on 10yr Treasuries rose +1.6bps to 1.72%. That’s just below the 2021 highs of 1.74% reached on March quarter-end last year. If I ran a poll asking when yields will move above that level back in March last year, I’m not sure many people would’ve said January 2022. However it was only just before Xmas that we closed at 1.34%. Indeed this marks the 5th consecutive move higher in yields, which is their longest run of increases since October. If we get a 6th today, it would then become the longest sustained run since February. The moves were driven by higher real rates once again, with the 10yr real yield up +5.5bps to -0.80%, its highest level since June. The latest rise also means that real yields have surged by an astonishing +30.2bps since their close on New Year’s Eve, and so are entirely responsible for the increase in nominal yields, with inflation breakevens having continued to fall back as investors grow in confidence that the Fed’s hikes will be able to keep a handle on inflation.

It wasn’t just the US that was affected though, with sovereign bond yields moving higher throughout the world. Yields on 10-year bunds continued to edge closer to the zero mark (not seen since May 2019), after rising another +2.3bps yesterday to -0.07%, and those on gilts (+6.9bps), OATs (+3.1bps) and BTPs (+3.7bps) followed likewise. That said, it was evident how markets are increasingly pricing in a policy divergence between the Fed and the BoE relative to the ECB, with the gap between yields on 2yr Treasuries and 2yr bunds hitting a post-pandemic high, whilst the gap between yields on 2yr gilts and 2yr bunds hit its widest since August 2019.

For US equities, there were some initial signs that the selloff was beginning to stabilise yesterday, with the S&P 500 down just -0.1% and the NASDAQ (-0.13%) mire becalmed, though remaining in negative territory on a YTD basis, albeit after four business days of 2022. Traditional cyclicals led the way, with energy (+2.29%) benefitting from climbing commodity prices and financial shares (+1.55%) enjoying this yield run. Big tech shares were notably mixed today after a rocky start to the year, evidenced by the aforementioned flat Nasdaq, with 4 of 6 FANG (+0.58%) stocks advancing, and 6 declining on the day.

Europe was weaker, having closed the previous day before the release of the minutes, and that saw the STOXX 600 (-1.25%) lose ground for the first time so far this year. The main exception to the broader trend lower in European equities were banks, with the STOXX Banks Index (+0.95%) continuing its run of having advanced in every session so far this year, in turn taking the index to a 3-year high.

Overnight in Asia, most major indices are trading in positive territory, rebounding from its previous session losses. The Shanghai Composite (+0.35%) and CSI (+0.36%) are both edging up. Elsewhere, the Kospi (+1.02%) is outperforming after the index heavyweight Samsung Electronics Q4 operating profit jumped to its highest in four years, while the Hang Seng (+1.15%) is also seeing a decent move higher. However, the Nikkei slipped (-0.33%), giving up its early gains following a -3% drop yesterday.

Staying on Japan, data released earlier this morning showed that household spending eased more than anticipated by -1.3% y/y in November and -1.2% m/m. Separately, real wages fell -1.6% y/y for the third straight month in November reinvigorating concerns about the nation’s economic recovery. Meanwhile, core consumer prices for Tokyo advanced +0.5% y/y, notching its fastest pace in nearly two years in December.

Moving ahead, Futures market in the US are pointing towards a stronger start with the S&P (+0.22%), Nasdaq (+0.21%) and Dow Jones (+0.16%) contracts all in positive territory. US Treasury yields have edged slightly lower with 10yrs back below 1.72%.

Looking forward now, the main highlight today will be the US jobs report for December, which will be an important one as markets look to assess the potential implications for monetary policy. In terms of our what to expect, DB’s US economists are looking for nonfarm payrolls to grow by +600k in December, its fastest pace since July, with the unemployment rate ticking down a tenth to a post-pandemic low of 4.1%. And although their view is that Omicron-related disruptions present some downside risk, that’s more likely to be seen in the January report. You can see their full preview here

Ahead of that, there was somewhat underwhelming data out of the US yesterday, with the ISM services index falling by more than expected to 62.0 in December (vs. 67.0 expected), which was beneath every economist’s estimate on Bloomberg and down from 69.1 the previous month. In fact, that fall of -7.1pts in the space of a month marks the biggest monthly decline since April 2020 at the height of the initial phase of the pandemic, although to be fair it still remains firmly in expansionary territory and is down from a record high the previous month. In addition the prices paid measure rose to 82.5, so not echoing the decline in the prices paid reading that we saw in the ISM manufacturing a couple of days earlier. Meanwhile the weekly initial jobless claims ticked up to 207k in the week through January 1 (vs. 195k expected), and November’s factory orders grew by +1.6% (vs. +1.5% expected).

Alongside the persistent rise in Treasury yields, another familiar pattern of 2022 so far has been the gains in oil prices, which are continuing to cement their place as one of the top 2022 performers, having risen by at least +1% every day so far this year. In fact there was a particular milestone yesterday as WTI (+2.47%) and Brent Crude (+1.88%) both closed above their pre-Omicron level for the first time yesterday, which just shows you how markets have brushed off the risks of the new variant having a significant impact on growth.

Speaking of Omicron, there were some further positive signs yesterday as the total number of Covid-19 hospitalisations in London actually fell for the first time in over 3 weeks. Of course this is only one day, but as one of the first places among the developed economies to be seriously affected by the new variant, London is an important leading indicator for how other places may fare. One caveat to note however is that the UK has one of the most advanced booster programmes in the world, with a majority of the country’s population having now had a booster dose.

The other main data release yesterday came from Germany, where inflation fell to +5.7% in December on the EU-harmonised measure (vs. +5.6% expected). Separately, factory orders in the country rose by a stronger-than-expected +3.7% in November (vs. +2.3% expected).

To the day ahead now, and the main highlight will be the aforementioned US jobs report for December. Otherwise, data releases from the Euro Area include the flash CPI reading for December, the final consumer confidence reading for December, and retail sales for November. Elsewhere, there’s also industrial production in November for France and Germany. Central bank speakers include the Fed’s Daly and Bostic, and the BoE’s Mann.

END

3. ASIAN AFFAIRS

i)FRIDAY MORNING THURSDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///SOUTH KOREA

END

3B JAPAN

end

3c CHINA

END

CHINA/

end

4/EUROPEAN AFFAIRS

//EUCOVID//BRUSSELS

My goodness: Brussels airlines flew 3,000 empty flights this winter so to maintain spots at major airports

(zerohedge)

Brussels Airlines Flew 3,000 Empty Flights This Winter, All To Maintain Spots At Major Airports

FRIDAY, JAN 07, 2022 – 04:15 AM

Investing question: how “ESG” is it for an airline to operate to the tune of 3,000 unnecessary flights, all of which are burning jet fuel, simply to keep take-off and landing rights at major airports?

Because that’s exactly what’s going on with Brussels Airlines, according to news from Belgium’s The Bulletin.

The airline’s parent company, Lufthansa, reportedly operated 18,000 flights over the winter that would have otherwise been cancelled due to lack of passengers, the report says. Brussels Airlines accounted for 3,000 of those flights.

As a result, the Belgian federal government has contacted the European Commission, urging it to change its rules for how airlines secure rights at major airports.

Previously, the rule was that “airlines must operate flights in at least 80% of their scheduled take-off and landing slots”, the report says. Post-Covid, the requirement dropped to 50%, which is still far above the actual number of flights that would meet demand from passengers.

Belgium’s federal mobility minister Georges Gilkinet called the rules “incomprehensible from an economic and ecological point of view” and called for a further reduction of the threshold.

Meanwhile, Lufthansa still plans to cancel 33,000 scheduled flights by the end of March.

end

NORWAY/COVID/OMICRON

Omicron forces Norwegian cruise line to cancel sailings until April

(zerohedge)

Omicron Chaos Forces Norwegian Cruise Line To Cancel Sailings Until April

FRIDAY, JAN 07, 2022 – 05:45 AM

Every cruise ship sailing with passengers in U.S. waters has reports of COVID-19 infections, prompting some cruise ship operators to cancel sails as far out as April.

The number of cruise ships with infections has dramatically increased over recent weeks as the Omicron variant spreads like wildfire throughout the U.S.

The U.S. Centers for Disease Control and Prevention (CDC) has flagged 92 cruise ships with infections this week.

Last week, the CDC raised the COVID-19 Travel Health Notice level for cruise ships from Level 3 to Level 4, the highest level, amid soaring infections. Health officials warned Americans to avoid traveling on cruise ships at all costs.

“The virus that causes COVID-19 spreads easily between people in close quarters on board ships, and the chance of getting COVID-19 on cruise ships is very high, even if you are fully vaccinated and have received a COVID-19 vaccine booster dose,” the agency warned.

Despite all crew and adult passengers required to be fully vaccinated before boarding, Royal Caribbean and Norwegian Cruise Lines announced Wednesday that they would cancel sailings due to breakthrough infections.

Royal Caribbean canceled its Spectrum of the Seas cruise today, and Norwegian Cruise canceled some sailing through April.

Here are Norwegian Cruise’s canceled sailings:

Norwegian Getaway’s January 5 cruise.
Norwegian Pearl cruises embarking through January 14.
Norwegian Sky cruises embarking on February 25.
Pride of America cruises embarking through February 26.
Norwegian Jade cruises embarking through March 3.
Norwegian Star cruises embarking through March 19.
Norwegian Sun cruises embarking through April 19.
Norwegian Spirit cruises embarking through April 23.

“Due to ongoing travel restrictions, we’ve had to modify a few sailings and unfortunately have had to cancel,” Norwegian Cruise said.

Meanwhile, bigger rival Carnival Corp has yet to cancel any upcoming sailings. Democratic Senator Richard Blumenthal recently called for the industry to “pause or dock their ships” amid the virus outbreak.

What’s ironic is that cruise ships were once lauded as one of the safest vacations due to their strict health policies of only allowing vaxxed adults and their ability to isolate themselves from the rest of the “dangerous” world. Now they’ve become floating COVID-infested cities.

It’s only a matter of time before more sailings are canceled.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

TURKEY/

end

6.Global Issues

CORONAVIRUS/UPDATE/VACCINE MANDATE

END

More 5 vaccinated soccer players die of heart attack

(Newstarget.com)

5 more vaccinated soccer players DIE of heart attack

Inbox

Crazy
https://www.newstarget.com/2022-01-05-vaccinated-soccer-players-die-of-heart-attack.h

end

‘We’re Gonna Need a Booster in the Fall of ’22 and Forward’ – Moderna CEO Pushes Fourth Covid Jab

‘We’re Gonna Need a Booster in the Fall of ’22 and Forward’ – Moderna CEO Pushes Fourth Covid Jab

VACCINE IMPACT

36,257 Deaths and 3,244,052 Injuries Following COVID Shots in European Database – Double Vaxxed 13-Year-Old Dies from Heart Attack

January 6, 2022 5:53 pm

The European (EEA and non-EEA countries) database of suspected drug reaction reports is EudraVigilance, verified by the European Medicines Agency (EMA), and they are now reporting 36,257 fatalities, and 3,244,052 injuries as of January 1, 2022, following injections of four experimental COVID-19 shots: Pfizer, Moderna, AstraZeneca, Janssen. Meanwhile, 13-year-old Jack Thomas O’Drain from New Jersey passed away unexpectedly on January 4th after collapsing on New Year’s Eve. According to a social media post by his father Trent, Jack suffered an ‘unexplainable’ cardiac arrest while playing with his friends. He was rushed to Children’s Hospital in Philadelphia before being put on life support. A Facebook post from his mother last June shows that she was proud that her son Jack had received his second COVID-19 injection.Read More…

END

end

GLOBAL STORIES/

Mexico

They are out of control!

This province (Zacatecas) witnesses two huge drug cartels killing each other. They display their prey for all to see

(zerohedge)

Ten Dead Bodies Crammed Into Car Left Outside Mexican Governor’s Office

FRIDAY, JAN 07, 2022 – 09:44 AM

In the latest sign of Mexico’s out-of-control cartel violence, ten bodies were abandoned outside the governor’s office, in a public square lit up with Christmas decorations, in the north-central Mexican state of Zacatecas on Thursday.

According to CBS News, the state governor, David Monreal, said the bodies of eight men and two women were crammed into a Mazda SUV outside his office; all of the deceased had signs of beating and bruising.

“They came to leave them here … bodies, apparently beaten, with wounds,” Monreal said.

Francisco Murillo, the state’s chief prosecutor, said seven of the ten bodies died of “asphyxiation by strangulation.” He said five bodies had been identified so far. Three of them have a past criminal record.

Murillo said several suspects had been arrested in possible connections to the body dump.

The federal public safety department said a man drove the Mazda SUV to the governor’s office, then exited the vehicle early Thursday and walked down the street into an alley.

Zacatecas has been transformed into a warzone in recent years as Sinaloa and Jalisco cartels, and other drug cartels are fighting to control highways in the state used to transport drugs to the US border.

Drug cartels use grisly tactics, such as killing their enemies and displaying them for the public to see as a way to intimidate rival gangs and or even local officials.

In November, ten bodies were found hanging from a highway bridge in northwest Zacatecas.

“What we received was a cursed inheritance” from previous administrations, Monreal said, referring to the high violent crime in the state.

So far, President Andrés Manuel López Obrador has had little success in decreasing homicides across the country. There were 31,615 killings in the first 11 months of 2021, a decline of 3.6% from 32,814 in 2020.

Meanwhile, Mexico is suing US gunmakers for arming drug cartels. The country is one of the most dangerous in the world.

end

Michael Every with today’s most important topics

Michael Every.// Stefan Koopman

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

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

AUSTRALIA

Total insanity: in the Northern Territory province of Australia, unvaxxed will not be allowed to exercise and will not go to work. The number in hospitals with COVID total 27 and only 2 in the

ICU

(Watson/SummitNews)

Unvaxxed Aussies Told They Won’t Be Allowed To Exercise Or Go To Work

THURSDAY, JAN 06, 2022 – 10:20 PM

Authored by Paul Joseph Watson via Summit News,

Unvaccinated Australians in the Northern Territory have been put under a new lockdown during which they won’t be allowed to go outside to exercise or travel to work.

Yes, really.

The onerous new measures were announced by NT Chief Minister Michael Gunner in response to the detection of 256 new cases of COVID-19, including 27 cases of community transmission.

“The fully vaccinated can continue as they were. For people who are not vaccinated, lockdown rules will apply to everyone aged 16 and above,” Mr Gunner said.

The unvaccinated will be banned from traveling further than 30km from their home unless they’re traveling to hospital.

Gunner said that unjabbed Aussies in the region will be forbidden from taking an hour of outdoor exercise and won’t be allowed to travel to their job.

“Unlike previous lockdown rules, unvaccinated people will not be able to leave home to go to work or for exercise,” he asserted.

The rules are being introduced despite the fact that across the entire territory, only 23 people are in hospital with COVID-19 and just two are in the ICU.

Fully vaccinated people will not be subject to any further restrictions, despite the fact that they can still spread the virus.

Indeed, a new study out of Denmark found that the Omicron variant spreads faster within vaccinated people.

According to a summary of the study, “Omicron spreads faster than Delta among those who are fully vaccinated, and even higher between those who have received booster shots.”

Australia continues to pursue its disastrous ‘zero COVID’ policy at the expense of fundamental human rights.

The Northern Territory region has set up a network of COVID internment camps, including one at Howard Springs centre near Darwin, where people aren’t allowed to leave.

Last month, Australian police arrested three camp inmates who tried to escape in the middle of the night.

END

AUSTRALIA

Second tennis player Voracova joins Djokovic who is in Australian immigration detention. She leaves country.

(zerohedge)

Czech Tennis Pro Voracova Joins Djokovic In Australian Immigration Detention, Leaves Country

FRIDAY, JAN 07, 2022 – 11:09 AM

A Czech tennis player joined Novak Djokovic in immigration detention after having her visa canceled, in a sweep by authorities on players entering the country with vaccination exemptions.

Czech Republic doubles specialist Renata Voracova had played in Melbourne earlier this week but was informed by Australian Border Force officials that she had to leave the country. The Czech Foreign Ministry said in a statement that Voracova had decided to leave the country.Renata Voracova

Shortly after news of the detention broke, the Australian Border Force (ABF) said an individual had left the country voluntarily while a third had been taken into immigration detention, without naming the Czech player.

“The ABF can confirm that one individual has voluntarily departed Australia following ABF inquiries,” the ABF said.

“We can also confirm that the visa of a third individual has been cancelled. This person has been taken into immigration detention pending their removal from Australia.”

The Czech Foreign Ministry added that it had lodged a formal protest through its embassy in Canberra.

Voracova was a promising junior who won the French Open girls doubles title in 2001. The 38-year-old made her grand slam singles debut in 2002 in New York but has won only one of her 12 matches at the majors and is currently ranked 81. She has fared far better in doubles, winning 11 titles and reaching the Wimbledon semi-finals in 2017. She has career earnings of $1.88 million.

She was being held at the Park Hotel in Carlton, the same hotel where Djokovic, who has won $154,756,726 in prize money along with 20 grand slam titles, is being detained.

In another development, the Herald Sun published an information sheet sent from Tennis Australia to players on Dec. 7 that shows it passed on advice regarding grounds for medical exemptions that differs from the recommendations it received from federal authorities.

The document advises a COVID-19 infection in the last six months could be considered grounds that would enable an unvaccinated player to enter the country, provided it was accompanied by documents certifying the infection.

It contradicts advice the Federal Government sent to TA in November stressing that a prior infection in the past six months did not meet the requirements for quarantine-free entry.

The Victorian Government said on Friday that TA did not advise them of this development. TA has not commented publicly since Australian Open tournament director Craig Tiley defended the exemption granted to Djokovic on Wednesday as the Serbian was on his way to Australia.

END

KAZAKHISTAN

Kazakh President Issues “Shoot To Kill Without Warning” Order As Armed Insurgent Groups Form

FRIDAY, JAN 07, 2022 – 01:23 PM

Kazakhstan’s president as well as international news wires are saying that Kazakh security forces have taken control of most of the city streets in Almaty, where days of riots have raged and central government buildings have been torched. Heavy military vehicles and armaments have also been seen deployed across other major cities.

This after President Kassym-Jomart Tokayev ordered his security forces to “shoot to kill without warning” – according to Reuters and state media. He reiterated in a Friday televised address that the demonstrators and rioters will be “destroyed” as prior riot control measures have moved to “counterterrorist” operations.AP: Russian troops board a military plane outside Moscow to fly to Kazakhstan to help quell protests.

This as an estimated 3,000 Russian troops are said to be on the ground as part of a joint peace-keeping mission authorized by Russian-led the Collective Security Treaty Organization (CSTO). More may be on the way.

Despite the claim that order is slowly being restored, there have still been widespread reports of gunshots ringing out over central city squares and streets, following dramatic images of the past few days showing pitched gun battles. Al Jazeera reports Friday:

The interior ministry said that 26 “armed criminals” had been “liquidated” and more than 3,000 detained since last weekend, while 18 police and national guard service members had also been killed.
Gunshots could be heard on Friday morning near the central square in the largest city, Almaty, where troops and protesters battled on previous days.

Indicators suggest the Kremlin could be mulling a larger deployment to Kazakhstan, at a moment it has many forces near eastern Ukraine.

There are likely concerns among Russian officials that the military could be “spread too thin” in too much manpower is diverted from near Ukraine, where tensions have soared over the past couple months.

On Thursday the country’s Interior Ministry cited at least 18 police and security forces were killed, with hundreds wounded and injured – though with the lack of an international media presence on the ground during the chaos, it’s been hard for monitors to confirm figures – which likely also includes dozens killed among the protesters.

Meanwhile, on Friday a widely circulating social media video indicates that organized armed insurgent groups are forming in order to fight back against the government, as well as the foreign allies such as Russian troops that are assisting.

By the hour and by the day, this continues to escalate, with Kazakhstan on the brink of a full-blown civil war led by anti-government insurgents. At the same time Moscow and Beijing are beginning to get more vocal about what they are calling a regime change “color revolution” which may have outside Western help, with the finger in particular being pointed at the US, and possibly related to Ukraine.

END

KAZAKHSTAN/RUSSIA-CHINA

Kazakhstan is in the Russian sphere of influence and the USA should stay out

(zerohedge)

White House Blasts “Crazy” Russia-China Statements Accusing US Of ‘Color Revolution’ In Kazakhstan

FRIDAY, JAN 07, 2022 – 10:30 AM

Unlike most instances where there’s crisis or conflicts near Russia’s borders, the White House has been slow to respond to fast-moving events in Kazakhstan, only saying that it questions the “legitimacy” of the Kremlin sending troops to the country to help restore order under the Collective Security Treaty Organization (CSTO).

“We are closely monitoring reports that the Collective Security Treaty Organization have dispatched its collective peacekeeping forces to Kazakhstan,” press secretary Jen Psaki said. “We have questions about the nature of this request and whether it has — it was a legitimate invitation or not. We don’t know at this point.”

The day prior she had denounced as “crazy” reports out of Russian media that the US and its allies could be stoking the uprising, unrest and destruction – which has seen a presidential residence and multiple government buildings torched, and widespread looting, after dozens of deaths on both the police and protest side. More recently Beijing has also floated that it believes the likelihood that the US is covertly involved.

It was during her Wednesday press briefing that Psaki called out the “Russian disinformation playbook” while addressing the Kazakhstan situation:

“We’re monitoring reports of protests in Kazakhstan. We support calls for calm, for protesters to express themselves peacefully and for authorities to exercise restraint,” Psaki told reporters during her regular briefing.
“There are some crazy Russian claims about the US being behind this. Let me just use this opportunity to convey that as absolutely false, and clearly a part of the standard Russian disinformation playbook.”

Meanwhile China appears to be backing President Kassym-Jomart Tokayev’s crackdown on the protests and riots, as well as the deployment of Russian and other foreign peacekeeping troops there. NPR has in its latest cited the presence of at least 3,000 Russian troops on the ground in Kazakhstan at this point.

“China supports all efforts that help the Kazakh authorities end the chaos as soon as possible and firmly opposes external forces’ acts to deliberately create social unrest and incite violence,” Foreign Ministry spokesman Wang Wenbin said in a Friday press conference. He offered help to Kazakh authorities, calling China ready to act as a “a brotherly neighbor”.

Into last night, firefights continued in the large city of Almaty and other cities:

Further, according to Bloomberg, President Xi Jinping weighed in firmly on the side of Tokayev and Moscow, saying “strong measures” could be required:

China has backed Kazakh President Kassym-Jomart Tokayev’s violent crackdown on protesters, saying it hopes the “strong measures” will bring calm. President Xi Jinping said the country firmly opposes external forces deliberately fostering unrest and instigating a “color revolution” in Kazakhstan. China is willing to provide necessary support and help Kazakhstan through this difficult time, Xi was cited by state broadcaster CCTV as saying in a message to his counterpart in that nation.

As state-run Global Times emphasizes, Beijing has significant oil and gas interests inside the restive country, but which have so far been spared from the mayhem and destruction.

“The protests in Kazakhstan have sparked concerns on oil and gas deliveries to China,” GT writes. “However, Chinese enterprises and industry insiders said that the unrest will not have a big impact as the transportation of oil and gas are technically reliable. Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.”

end

South Africa

Correct! It should mark the end of the pandemic

(zerohedge)

South African Researchers Say Omicron Might Mark The End Of COVID Pandemic

FRIDAY, JAN 07, 2022 – 02:01 PM

In late November, as the early details of the South African variant emerged (more transmissible, and “extremely mild”), we noted that this “could be a blessing in disguise as it pushes out the much more dangerous (and more stable) delta strain,” and could mark the beginning of the end of the global fearmongering over a virus that over 99% of the infected are expected to survive.

And now, a team of researchers from South Africa confirmed Friday that omicron might mark the end of the COVID pandemic (before SARS-CoV-2 simply becomes another endemic, largely seasonal sickness), shrouding the present global surge in a patina of optimism.

To wit, a study of patients infected with COVID at a large hospital in Pretoria, the city where the first outbreak of the omicron variant was recorded, revealed a short-lived wave that moved with “unprecedented speed” and caused much milder illness than earlier strains.

“If this pattern continues and is repeated globally, we are likely to see a complete decoupling of case and death rates,” the researchers said.

And for the sickest patients, the study showed that just 4.5% of patients hospitalized with COVID died during the current wave compared with 21% in earlier waves, according to a statement on the website of the South African Medical Research Council. What’s more, this time around, fewer people were admitted to hospital ICUs, and hospital stays were “significantly shorter.” Initially, the rate of admissions climbed rapidly, but it began to decline within 33 days of the first omicron admission analyzed. A snapshot of patients in the hospital on Dec. 14 and 15 showed that almost two-thirds of those infected with COVID had been admitted for other reasons (raising further questions about how many of the deaths they reported should really be considered “COVID deaths”.

Ultimately, the study at Biko analyzed records of 466 patients from the current wave and 3,976 from previous waves of the pandemic. It also found the following, according to Bloomberg:

Hospital stays averaged 4 days compared with 8.8 in previous waves
The mean age of those admitted was 39 compared with almost 50 in earlier waves
Admissions to intensive-care units dropped to 1% of patients from 4.3%
Admissions peaked at 108 compared with 213 during the delta wave

Now that cases are plunging in South Africa, the researchers were able to confirm that the omicron wave had “a lower admission per case ratio, lower death rate and lower rates of admission to the ICU compared to previous waves.”

The researchers at the Steve Biko Academic Hospital in Pretoria said this behavior could be a sign that the pandemic is coming to an end.

That suggests “omicron may be a harbinger of the end of the epidemic phase of the Covid pandemic, ushering in its endemic phase.”

Think about it. All these people who are sick right now (it seems like practically the entire world has fallen ill with COVID over the past month, whether they had been vaccinated or not) will emerge with more antibodies and more natural protection that humans have needed to build in order to protect themselves from the virus long term.

Just take a look at COVID cases vs. deaths in the US; while the number of people sickened and calling out of work has created congestion across the economy (and forced hospitals in some states to turn to the National Guard for assistance), far fewer people are dying due to omicron, which is believed to be the variant behind nearly all of the new cases being diagnosed in the US, and elsewhere.

Airline stocks in the US are now headed for their best week since November thanks to the newfound optimism.

Data from South Africa, the first country to report the arrival of omicron, is being closely watched by the rest of the world for any insights into how the omicron wave might pan out. As we noted a week ago, South Africa dialed back its COVID restrictions after new cases cratered.

All of this supports what the WHO and its leader, Dr. Tedros Adhanom, said about booster shots. While President Biden and the CDC open the door to second booster jabs (the CDC just cut the recommended time between shots to 5 months from 6), the WHO has warned against it, saying shots should first go to the developing world, and that no country could “boost” its way out of the pandemic.

Although if the South Africa data is any guide, pretty soon they won’t have to.

end

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

Euro/USA 1.1299 UP .0005 /EUROPE BOURSES //ALL RED EXCEPT ITALY

USA/ YEN 115.81 DOWN 0.056 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3539 UP 0.0007

Last night Shanghai COMPOSITE CLOSED DOWN 6.54 OR 0.18%

//Hang Sang CLOSED UP 420.52 PTS OR 1.82%

/AUSTRALIA CLOSED UP 1.27% // EUROPEAN BOURSES OPENED ALL RED EXCEPT ITALY

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL RED EXCEPT ITALY

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 420.52 OR 1.82%

/SHANGHAI CLOSED DOWN 6.54 PTS OR 0.18%

Australia BOURSE CLOSED UP 1.27%

3(Nikkei (Japan) CLOSED DOWN 9.31 PTS OR 0.03%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 1791.00

silver:$22.16-

USA dollar index early FRIDAY morning: 96.22 DOWN 10 CENT(S) from THURSDAY’s close.

This ends early morning numbers FRIDAY MORNING

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And now your closing FRIDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.58% UP 4 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.135% UP 2 AND 0/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.65%// UP 2 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.32 UP 5 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 67 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -0.035% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.37% 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 FRIDAY

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

Euro/USA 1.1343 UP .0049 or 50 basis points

USA/Japan: 115.67 DOWN 0.196 OR YEN UP 20 basis points/

Great Britain/USA 1.3574 DOWN 41 BASIS POINTS)

Canadian dollar UP 76 pts to 1.2655

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The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3778

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3865

TURKISH LIRA: 13.82 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.135

Your closing 10 yr US bond yield UP 7 IN basis points from THURSDAY at 1.797% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.143 UP 6 in basis points

Your closing USA dollar index, 95.92 DOWN 40 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 FRIDAY: 12:00 PM

London: CLOSED UP 30.18 PTS OR 0.41%

German Dax : CLOSED DOWN 119.99points or 0.75%

Paris CAC CLOSED DOWN 29.14 PTS OR 0.53%

Spain IBEX CLOSED DOWN 47.10 PTS OR .54%

Italian MIB: CLOSED DOWN 83.50 PTS OR 0.30%

WTI Oil price 79.13 12: EST

Brent Oil: 82.02 12:00 EST

USA /RUSSIAN / RUBLE RISES: 765.35 THE CROSS LOWER BY 96 RUBLES/DOLLAR (RUBLE HIGHER BY 96 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.033

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1362 UP .0067 BASIS PTS OR 67 BASIS POINTS

British Pound: 1.3593 UP .0060

USA dollar vs Japanese Yen: 115.60 DOWN .266

USA dollar vs Canadian dollar: 1.2636 DOWN .0093 (cdn dollar UP 93 basis pts)

West Texas intermediate oil: 78.85

Brent: 81.76

USA 10 yr bond yield: 1.765 UP 4 points

USA 30 yr bond yield: 2.112 UP 3 pts.

USA dollar vs Turkish lira: 13,85

usa dollar vs Russian rouble: 75.57 UP 74 basis pts.

DOW JONES INDUSTRIAL AVERAGE: DOWN 179.64 PTS OR 0.47%

NASDAQ 100 DOWN 6.42 OR 0.40%

VOLATILITY INDEX: 19.61 DOWN .12 PTS

GLD/NYSE CLOSING PRICE $166.99 DOWN $2.07 OR 2.38%

SLV/NYSE CLOSING PRICE: $20.51// DOWN $.49 OR 1.22%

USA trading day in Graph Form

Nasdaq 100 Suffers Worst Start To Year Since 2000; Rates & Risk-Parity Routed

FRIDAY, JAN 07, 2022 – 04:01 PM

Investors appear to be starting the year with an aversion to long duration stocks and instead are leaning into Value stocks with closer ties to an economic recovery. Growth stocks fell to a key technical level this week relative to Value stocks…

Source: Bloomberg

Nasdaq down 7 of the last 8 days and was by far the week’s worst performer as The Dow clung to unchanged on the year today (but faded into the close to end red like the rest). The S&P ended down 2% and Small Caps down 3% on the week. That is Nasdaq’s worst week since Feb 2021…

“Many retail investors have arguably too high exposure to speculative growth equities and thus they have high interest rate exposure without knowing it,” writes Peter Garnry, Saxo Bank’s head of equity strategy.
“As we have said for a year now, it is wise to begin balancing the portfolio blending growth with more low equity duration assets and especially those with supposedly inflation hedging capabilities.”

For context, this is the worst start to a year for the Nasdaq 100 since 2000…

Source: Bloomberg

Energy and Financials outperformed this week as Tech and Healthcare lagged…

Source: Bloomberg

FAAMG+T Stocks (which represent 25%+ of the S&P 500 market cap) were a disastrophe this week…

Source: Bloomberg

Erasing all the Santa Claus rally…

Nasdaq Biotech Index is on track to close 5.8% lower in its worst weekly drop since March 2020, breaking below key support back to Dec 2020…

Source: Bloomberg

The S&P Airlines Index rose over 7% this week – its best week since early November – as Omicron anxiety began to fade and several nations lifted travel restrictions…

Source: Bloomberg

Risk-Parity and vol-focused funds were clubbed like a baby seal this week with one example, RPAR, suffering its biggest weekly drop since the COVID collapse in March 2020..

This helps explain why both bonds and stocks were hammered (obviously along with the hawkish tilt from policymakers) as RP funds force-delevered. The start of 2022 saw the worst aggregate weekly loss for bonds and stocks since the market carnage in March 2020…

Source: Bloomberg

On the bond side of the world, it was a bloodbath with the belly clubbed like a baby seal (7Y +26bps on the week, 2Y +13bps, 30Y +20bps)…

Source: Bloomberg

The 10Y Yield broke out to its highest in 2 years while 30Y remains below the Oct 2021 highs for now…

Source: Bloomberg

U.S. interest-rate swap spreads were wider across the curve today as corporate treasurers braced for another swath of high-grade corporate supply while money managers hedge interest-rate risk. That widening kept pressure on Treasuries. Higher rates inspired corporate borrowers to pay in 30-year swaps and sell cash bonds about 30 minutes after the December labor market data. That means they are locking in rates in the long-end ahead of future issuance. Next week’s issuance is expected at ~$30b, but if this week’s more than $60b in issuance is any guide, that number is likely to rise, especially given the increase in borrowing rates.

All of which explains why the yield curve suddenly flipped from flattening (a fundamental-based move driven by policy-error fears) after the payrolls print to steepening – a technically-driven move…

Source: Bloomberg

Notably, after 2 last peaks in COVID-19 cases, 10-year yields jumped 50-60bps following 3 months…

Source: Bloomberg

This morning’s sent STIRs soaring, pushing the odds of a March 2022 rate-hike above 90%! and a 50% chance of a 4th rate-hike by Dec 2022…

Source: Bloomberg

The dollar ended the week only marginally higher, oddly giving the week’s gains back today after the ‘hawkish’ jobs data…

Source: Bloomberg

Cryptos were ugly this week to start 2022, with Ethereum the worst performer…

Source: Bloomberg

With Bitcoin breaking down to a $40,000 handle today, its lowest since late September 2021…’

Source: Bloomberg

Notably The US session is dominating the selling pressure on cryptos, perhaps suggesting this is more related to mega-cap tech liquidation

Commodity markets were very mixed with crude surging while precious metals and copper were sold…

Source: Bloomberg

WTI rallied up to $80 this week, erasing all concerns over Omicron impacting demand and any short-term gain from Biden’s cunning plan to cut gas prices…

Finally, we note that Sentimentrader points out there is a massive meltdown in Nasdaq stocks:

“After Wednesday’s post-FOMC selloff, more than 38% of stocks trading on the Nasdaq are now down 50% from their 52-week highs. Only 13% of days since 1999 have seen more stocks cut in half.”

And in case you believe in BTFD, you probably should consider this: “When at least 35% of stocks are down by half, the Composite has been down by an average of 47% (!) from its 3-year high.”

And there is simply no way that a modest 2% drop in the S&P will trigger the Powell Put!

end

MORNING TRADING/JOBS REPORT

Bonds, Stocks Slammed As Hot Wages, Unemployment Data Sparks Surge In Rate-Hike Odds

FRIDAY, JAN 07, 2022 – 09:06 AM

A hotter than expected wage growth print and tumbling unemployment rate have been greeted by selling in bonds and stocks as no obvious ‘dovish’ excuse can be gleaned from the data.

Academy Securities’ Peter Tchir’s instant reaction clarifies much and the headline is simple – this is not great for markets…

The total number of +340k (including revisions) is a miss, but not as bad as the headline number of 199k suggests. The revision fits nicely given that last month was apparently a big miss (which, after revisions, will turn out not to have been the case).
The Household survey, which drives unemployment, was decent again (though I loved that they had to caveat that due to Omicron more interviews were conducted by phone, than in person, because it is such a funny reminder that we still have people paid to knock on doors t determine how many people have jobs in America – just think about that for a minute).
The “scariest” thing for markets is that hourly earnings were 0.4% higher in November (up from original estimate of 0.3%) and were 0.6% higher in December. The “old” Fed, whether Yellen, or Bernanke, would often discuss inflation as transitory, unless there was wage inflation. Wage inflation is here.
The politicians will get themselves contorted, trying to say how great it is that people are earning more, while bashing inflation, but that is the soundbite world we live in.
The unemployment rate of 3.9% isn’t as “good” as it seems, at least not from the Fed’s perspective. We have not seen a pick up in labor force participation rate, which would be nice to see, and on my first glance at the data, minority unemployment rates didn’t benefit as much, and that is a measure the Fed is watching closely.
Bottom Line: No reason to expect dovish talk on the back of this and no evidence of a significant end of year slow down (though I still expect Jan/Feb data to dip)

Bloomberg’s Riccadonna adds that the biggest news from this report, without doubt, is the fact that the labor market has now arrived at (and surpassed) the Federal Reserve’s estimate of full employment (which the Fed pegs at 4.0%).

“As we are already beyond that level (3.9% reported), this will compel any lingering fence sitters on the FOMC to the view that the threshold for interest rate liftoff has been met — thereby titling policy makers’ inclination toward March vs. June liftoff.”

As Renaissance Macro’s Neil Dutta also confirms:

“This is a green light for March. The U3 unemployment rate plunged 0.3ppt to 3.9%, 0.4ppt below the Fed’s Q4 2021 estimate and only 0.4ppt above the Fed’s estimate for year end 2022.”

And that is now priced in with the odds of a March hike now above 90%…

Treasuries were dumped with the short-end surging most…

Stocks tanked on the print…

So, we are back at the “good news is bad news” period of the monetary/market panic-cycle.

And perhaps that is why the yield curve is flattening (policy-error anticipating)…

So, given that the impact of Omicron is yet to really hit the jobs data, will we see The Fed hiking rates right as payrolls print negative?

END

Who’s Hiring And Who’s Firing In December

FRIDAY, JAN 07, 2022 – 11:25 AM

As discussed extensively earlier, there were some pretty striking disconnects in today’s jobs report: while the headline payrolls number was a huge miss and printed the lowest monthly gain of 2021 (as it did in November), the unemployment rate tumbled (also as it did in November), and the number of employed workers actually surged by 651k according to Household survey, while wages came in red hot, rising at 4.7% Y/Y, half a percent higher than expected. In short, the establishment survey was a disaster for the second month in a row, while the household survey was stellar (also for the second time in a row).

To be sure, Wall Street’s commentariat, which was very wrong for the second month in a row about the payrolls number, glossed over the disappointing establishment survey number and instead focused on the solid wage growth and the drop in the unemployment rate, concluding that both greenlight the Fed’s March rate hike. As Michael Pierce, economist at Capital Economics said “the key takeaway for the Fed is that, with few signs of a recovery in labor supply, the continued decline in the unemployment rate and surge in wage growth looks set to be sustained over 2022.”

As for the actual payrolls miss, as we also showed earlier, a big reason for the confusion was yet another month of a highly aggressive seasonal adjustment factor used by the BLS to “normalize” the December number. Had it used the 10 year average December adjustment factor, payrolls would have increased by 220K, resulting in a payrolls number of 420K, in line with expectations.

In keeping with the history of recent upward revisions, one month from today we expect the BLS to revise today’s 199K print aggressively higher.

And while we wait, here is our traditional breakdown of the components of the establishment survey, looking at which jobs increased and which dropped, with the knowledge that all of these will change dramatically next month.

Employment in leisure and hospitality continued to trend up in December (+53,000). Leisure and hospitality has added 2.6 million jobs in 2021, but employment in the industry is down by 1.2 million, or 7.2 percent, since February 2020. Employment in food services and drinking places rose by 43,000 in December but is down by 653,000 since February 2020.
Employment in professional and business services continued its upward trend in December (+43,000). Over the month, job gains occurred in computer systems design and related services (+10,000), in architectural and engineering services (+9,000), and in scientific
research and development services (+6,000). Employment in professional and business services overall is slightly below (-35,000) its level in February 2020.
Manufacturing added 26,000 jobs in December, primarily in durable goods industries. A job gain in machinery (+8,000) reflected the return of workers from a strike. Manufacturing employment is down by 219,000 since February 2020.
Construction employment rose by 22,000 in December, following monthly gains averaging 38,000 over the prior 3 months. In December, job gains occurred in nonresidential specialty trade contractors (+13,000) and in heavy and civil engineering construction (+10,000). Construction employment is 88,000 below its February 2020 level.
Employment in transportation and warehousing increased by 19,000 in December. Job gains occurred in support activities for transportation (+7,000), in air transportation (+6,000), and in warehousing and storage (+5,000). Employment in couriers and messengers was essentially unchanged. Since February 2020, employment in transportation and warehousing is up by 218,000, reflecting job growth in couriers and messengers (+202,000) and in warehousing and storage (+181,000).
Employment in wholesale trade increased by 14,000 in December but is 129,000 lower than in February 2020.
Mining employment rose by 7,000 in December. Employment in the industry is down by 81,000 from a peak in January 2019.

And visually:

While the overall picture was clearly mixed, not to mention the weakest since 2020, the one job sector which has kept on giving since Lehman, namely employees in food services and drinking places (or waiters and bartenders), was back in form adding 42K jobs in December.

Separately, here are the industries with the highest and lowest rates of employment growth for the most recent month.

Finally, one curious point: as we first noted last month, tthe jobs deficit relative to February 2020, which currently stands at 3.6 million jobs, is entirely comprised of workers who lack a college degree. College-educated workers are now about 2% above their February 2020 employment levels and continue to see the strongest job growth, with high-school-educated workers still about 5% below pre-pandemic levels. Employment among workers with less than a high-school diploma actually declined over the last three months.

The good news: all those who spent over $100,000 to major in feminist studies, can take comfort that they will always have a minimum wage job waiting for them in America’s food service industry.

II)USA DATA

Huge miss again; just 199,000 jobs added. Unemployment rate tumbles.

(zerohedge)

December Payrolls Huge Miss Again, Just 199K Jobs Added, As Unemployment Rate Tumbles

FRIDAY, JAN 07, 2022 – 08:34 AM

With everyone bulled up on the December jobs print which was expected to more than double the disappointing November print of 210K to 447K with a whisper of more than 500K, moments ago the BLS reported that in December the US job market deteriorated again, as only 199K jobs were added, a huge miss to expectations, and the lowest number since December 2020.

This was the second consecutive month of big misses in the Establishment Survey relative to expectations:

As expected, the November payrolls data was revised higher, but not nearly as much as some had expected, rising just 39K from 210K to 249K. At the same time, nonfarm payroll employment for October was revised up by 102,000, from +546,000 to +648,000, and the change for November was revised up by 39,000, from +210,000 to +249,000. With these revisions, employment in October and November combined is 141,000 higher than previously reported. Still this does not explain why the current month continues to print disappointly lower than expected.

However, in a carbon copy of last month’s schism between the Household and the Establishment survey, in December the former once again showed solid gains, with the number of employed workers rising by a whopping 651K to 155.975MM, and with the number of Unemployed sliding by almost half a million from 6.802MM to 6.319MM, the unemployment number once again slumped sharply, dropping to just 3.9% from 4.2%, and below the consensus estimate of 4.1%, even as Black unemployment gained notably.

Among the major worker groups, the unemployment rates for adult men (3.6 percent), adult women (3.6 percent), and Whites (3.2 percent) declined in December. The jobless rates for teenagers (10.9 percent), Blacks (7.1 percent), Asians (3.8 percent), and Hispanics (4.9 percent) showed little or no change over the month.

As Bloomberg chief economist Carl Riccadonna writes, the biggest news from this report, without doubt, is the fact that the labor market has now arrived at (and surpassed) the Federal Reserve’s estimate of full employment (which the Fed pegs at 4.0%).

“As we are already beyond that level (3.9% reported), this will compel any lingering fence sitters on the FOMC to the view that the threshold for interest rate liftoff has been met — thereby titling policy makers’ inclination toward March vs. June liftoff.”

Bottom line: just like one month ago, we got a very weak Establishment survey (which traditionally has been far more reliable) and a strong Household survey, i.e., the plunge in the unemployment rate, which we expect Biden will be touting when he addresses the jobs number at 10:45am ET.

The labor force participation rate was unchanged at 61.9 percent in December but remains 1.5 percentage points lower than in February 2020. The employment-population ratio increased by 0.2 percentage point to 59.5 percent in December but is 1.7 percentage points below its February 2020 level. Over the year, these measures have increased by 0.4 percentage point and 2.1 percentage points, respectively

Looking at wage growth, average hourly earnings rose 4.7% (up 0.6% on the month, above the exp. 0.4%), which while down from the upward revised 5.1% Y/Y, was a whopping 0.5% above the 4.2% expected. And while the headline print was weak, the wage growth is clearly good news for workers, and another sign of the tightening labor market:

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.7 hours in December. In manufacturing, the average workweek edged down by 0.1 hour to 40.3 hours, and overtime edged down by 0.1 hour to 3.2 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 34.2 hours

Among the unemployed, the number of permanent job losers, at 1.7 million in December, declined by 202,000 over the month and is down by 1.8 million over the year. The number of persons on temporary layoff was little changed at 812,000 in December but is down by 2.3 million over the year. The number of permanent job losers in December is 408,000 higher than in February 2020, while the number on temporary layoff has essentially returned to its February 2020 level.

Some more details from the report: the number of persons employed part time for economic reasons, at 3.9 million in December, decreased by 337,000 over the month. The over-the-year decline of 2.2 million brings this measure to 461,000 below its February 2020 level. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

The number of persons not in the labor force who currently want a job was little changed at 5.7 million in December. This measure decreased by 1.6 million over the year but is 717,000 higher than in February 2020. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.

The number of workers unable to work due to bad weather was 74K, which is below the historical average for Dec. of 137k.

Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force was essentially unchanged at 1.6 million in December. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was also essentially unchanged over the month, at 463,000.

Curiously, in December, 3.1 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic–that is, they did not work at all or worked fewer hours at some point in the 4 weeks preceding the survey due to the pandemic. This measure was down from the level of 3.6 million in November. Among those who reported in December that they were unable to work because of pandemic-related closures or lost business, 15.9 percent received at least some pay from their employer for the hours not worked, little changed from the prior month.

Breaking down job gains by job category:

Employment in leisure and hospitality continued to trend up in December (+53,000). Leisure and hospitality has added 2.6 million jobs in 2021, but employment in the industry is down by 1.2 million, or 7.2 percent, since February 2020. Employment in food services and drinking places rose by 43,000 in December but is down by 653,000 since February 2020.
Employment in professional and business services continued its upward trend in December (+43,000). Over the month, job gains occurred in computer systems design and related services (+10,000), in architectural and engineering services (+9,000), and in scientific
research and development services (+6,000). Employment in professional and business services overall is slightly below (-35,000) its level in February 2020.
Manufacturing added 26,000 jobs in December, primarily in durable goods industries. A job gain in machinery (+8,000) reflected the return of workers from a strike. Manufacturing employment is down by 219,000 since February 2020.
Construction employment rose by 22,000 in December, following monthly gains averaging 38,000 over the prior 3 months. In December, job gains occurred in nonresidential specialty trade contractors (+13,000) and in heavy and civil engineering construction (+10,000). Construction employment is 88,000 below its February 2020 level.
Employment in transportation and warehousing increased by 19,000 in December. Job gains occurred in support activities for transportation (+7,000), in air transportation (+6,000), and in warehousing and storage (+5,000). Employment in couriers and messengers was essentially unchanged. Since February 2020, employment in transportation and warehousing is up by 218,000, reflecting job growth in couriers and messengers (+202,000) and in warehousing and storage (+181,000).
Employment in wholesale trade increased by 14,000 in December but is 129,000 lower than in February 2020.
Mining employment rose by 7,000 in December. Employment in the industry is down by 81,000 from a peak in January 2019.

So what’s going on? Well, blame Covid of course (which no economist could factor into their forecasts apparently): addressing the second consecutive big miss, Bloomberg Intelligence’s chief economist, Carl Riccadonna, said that in thinking about the near-term labor trend, it’s important to consider that through the December employment survey period, the Covid case count was up 50% relative to the relevant November period. In early January, it is already up 440% relative to December, so the Covid drag will be an order of magnitude larger in the January data and could easily push net payrolls into negative territory for the next few months.

Commenting on the report, SocGen’s head of U.S. rates strategy said that the Federal Reserve will probably overlook a miss in headline employment figures to focus on the declining jobless rate and “eye-popping” wage increases: “This is an inflation story and the curve is responding by bear steepening.” This view was echoed by Bloomberg editor Chris Anstey who said that “all in all, there’s nothing here to dissuade the Fed from considering a March interest-rate hike” because of course the Fed has to focus on anything that doesn’t show the economy is slowing as it is about to hike.

And sure enough, the March “lift off” chorus is singing :“This is a green light for March. The U3 unemployment rate plunged 0.3ppt to 3.9%, 0.4ppt below the Fed’s Q4 2021 estimate and only 0.4ppt above the Fed’s estimate for year end 2022. Average hourly earnings are coming in firm as the labor force participation rate remains flat”, said Neil Dutta of Renaissance Macro.

end

Huge story: consumer credit card debt soars the most on record. Savings have long gone

(zerohedge)_

Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone

FRIDAY, JAN 07, 2022 – 03:18 PM

While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.

Here are the shocking numbers: in November, consumer credit exploded by a whopping $40 billion, double the expected $20 billion print, more than double the $16 billion October number, and the highest on record!

And while non-revolving credit (student and car loans) jumped by a solid, if not necessarily remarkable $20 billion, this was only the 7th biggest increase for the series in record…

… the real stunner was revolving, or credit card debt, which more than tripled in November, soaring to $19.8 billion from $6.6 billion in October, by far the highest such print on record.

While this unprecedented rush to buy everything on credit ahead of and during the Thanksgivingholiday should not come as much of a surprise, after all we have repeatedly shown that for the middle class any “excess savings” are now gone, long gone…

… the fact is that most economists – such as those at Goldman Sachs – anticipate that continued spending of savings is what will keep the US economy levitating in 2022. Unfortunately, as today’s consumer credit numbers clearly demonstrate, any savings that US middle class households may have had courtesy of stimmies, are now gone. The implications are profound: any model that projected that US spending will be fueled by “savings” can now be trashed. And since this is most of them, the consequences are dire as they confirm – once again – that the Fed is tapering, QTing and hiking right into a recession.

end

IIb) USA COVID/VACCINE MANDATE STORIES

Update from Jeffrey Tucker

a must read if you did not read his commentary from last week

(Jeffrey Tucker)

Hell To Pay… For Decades

FRIDAY, JAN 07, 2022 – 11:47 AM

Authored by Jeffrey Tucker via DailyReckoning.com,

It’s been the most astonishing two weeks for American public life. The best way I can describe this is by observation.

In the Northeast of the U.S., and in many other parts of the country, everywhere you go right now, you see sick people milling around.

After two years of work to control the spread, after brutal shutdowns of the whole country — shutdowns that happened two years too early, as judged by actual case trends! — COVID is here.

Not just here. It is everywhere.

The case counts are beyond anything anyone on the planet could have imagined a year or two ago. The spikes make everything that came before look like child’s play.

Sick Is Not Fun

And we are talking really sick. Not so much death. Not even out-of-control hospitalization. We are talking about being sick in bed or walking around with misery. The damn bug lasts maybe two days, maybe two weeks, maybe longer but it is vexing and wicked, not like a cold or flu but something more electric and strange.

The theory that this was a lab leak seems more plausible than ever, just simply based on how strange it all feels.

Which variant? Two weeks ago, the CDC wanted to blame it all on Omicron. That is no longer possible. Perhaps that constitutes 20%; we just do not know for sure. Most of it is evidentially Delta, meaning very sick but with no serious loss of taste and smell.

Most everyone eventually gets well, and that’s what happens here. We get to the stability phase perhaps in a month or so and life will move on.

What’s striking and truly shocking is that all of the efforts, all of the propaganda, all of the astonishing spending and compulsion — the shutdowns, masking, size limits, travel restrictions, vaccination requirements, the track and trace, the endless testing — and what do we have to show for it?

The true pandemic finally arrived. And what is it? It’s a ton of sick people. People are calling in sick because they cannot come to work. Institutions are having to shut down, not because the government closed them, but because people are too sick to come to work.

And it’s not just COVID. The head of an Indiana life insurance company reports that deaths among people aged 18–64 are up 40%, an astonishing increase. A 10% increase would be almost a once-in-a-lifetime outlier. And we’re talking 40%.

It’s suicide, drug overdoses and every other manner of horror. And that’s just death. Many others are just sick from other things.

I personally know dozens and they each know many dozens of more people in the Northeast right now who are down for the count, miserable and pathetic, but still testing negative for COVID. Why would this be?

It’s at least partly because immune systems have been miserably decayed over two years. The lack of vitamin D, the lack of exposure to normal germs in life, the isolation and depression, the overconsumption of liquor and drugs — it’s all been a terrible drain on health.

Giving Up

Meanwhile, the actual pandemic of COVID has certainly arrived. And it is far worse than the data indicated. Look at Massachusetts, New York, Pennsylvania, Rhode Island, Connecticut, any of these states, and including some Southern and Midwestern states, and what you find is increases of 500–1,000% in cases.

And keep in mind that these are just cases as discovered by official testing spots.

Go to any CVS or Walgreens and you find long lines of people buying testing kits. If they are available. If they are not, the wait is weeks. They are $23 a kit and people are buying as many as possible. Why?

Partially it’s because employers and schools are demanding negative tests, but it is also just curiosity. People are sick as dogs and want to confirm their illnesses. People are estimating that real cases are 50–100X what the official data say.

But let’s talk now about a real scandal.

When you are sick, you need treatment. Every competent medical professional I know is pretty darn sure that the best hope for dealing with COVID is a combination of zinc, vitamin D and ivermectin.

This is not ideological. This is what experienced doctors are saying right now. I’m on many email lists with serious medical professionals and they are all saying the same thing. We can add hydroxychloroquine to the list if you catch it early enough. There are other therapeutics as well.

Some experts claim that hospitalizations and deaths could have been reduced by perhaps 85% if these treatments were widely available. But the CDC and other public health agencies have suppressed early treatment in order to promote universal vaccination.

But here’s the kicker — and let me be clear that I’m NOT giving ANY medical advice here, merely just reporting the sense of the community out there. What’s remarkable is that people are having a very difficult time getting these basic therapeutics.

Where Are the Meds?

There is a problem getting a prescription because state medical boards are actually barring people and preventing them from serving patients if they prescribe HCQ or ivermectin, as incredible as that sounds. But once you get the prescription — if you have a doctor brave enough to risk it — finding a pharmacy to fill it is another challenge.

Most people in the U.K. today are getting their therapeutics from India! And some are shipping to the U.S. and they are being distributed via gray markets for anyone who is lucky enough to have a contact. It’s a speakeasy nation, but this time for distributing basic therapies.

I’m sorry, I feel like I’ve seen horrible things for two years now, and you feel the same way. But of all the scandals, and there are so many, this one seems to top the list — namely that once the real pandemic has arrived, there are no effective medicines that are widely available.

Doctors are actually being blocked from doing their jobs!

Beyond belief. But you know this. I’m sure you have your own stories. I suspect that many readers have encountered this virus for the first time in the last two weeks and have dealt with the horrors of just getting basic medicines to get through this.

The NIH has funded almost no serious trials of these generic drugs. It is not in the interest of pharmaceutical companies to fund them either. As a result, we are truly at a loss — two years into a pandemic at a time when people need meds more than ever.

Meanwhile, the FTC is spending its time cracking down on pharmacies that advertise that they have therapeutics available for people. They are sending cease and desist letters all over the country as a way of intimidating providers. Again, it’s simply incredible.

No Lockdowns

One merciful upside to all of this is that there is no more talk of lockdowns. That’s not even being considered. The whole country is fed up with the phony-baloney enterprise of virus control. It did not and cannot work.

And the truth of this is all over the data that anyone can see and the stories that anyone can hear. The country is right now sicker than it has ever been in our lifetimes.

What a stunning repudiation of state policy — the worst failing of public health and public policy perhaps in the history of the U.S., if not the entire world. We are right now living in its last days.

Remember these days, my friends. They are legion and mark what is likely the end of the great fiasco.

But there will be decades of hell to pay for what has happened to us.

end

Pure insanity

(zerohedge)

Citi To Fire All Unvaxx’d Unless They Comply With Mandate By Jan 14

FRIDAY, JAN 07, 2022 – 02:40 PM

Citigroup has just become the first Wall Street megabank to give the anti-vaxxers among its 70K employees an ultimatum: either get vaccinated (and turn over the appropriate proper documentation), or find somewhere else to work.

As Wall Street banks struggle to find a strategy to bring workers back to the office without putting them at risk of getting COVID, the bank has decided that Citi employees who don’t comply with this mandate by Jan. 14 will be placed on unpaid leave, and their last day of employment will come at the end of the month, according to a message to Citigroup staff seen by Bloomberg.

This is by far the most restrictive requirement among Wall Street firms. But whether or not it will help the financial services industry bring workers back to the office more quickly remains to be seen.

On top of this, Citi is holding bonus payments over workers’ heads, saying that any employees who refuse the vaccine also won’t receive bonus payments for 2021 unless they sign a legal document giving up their right to sue Citigroup, presumably for wrongful termination since the legality of employer vaccine mandates is still being chewed over by SCOTUS.

Workers who are forced out by the vaccination policy can apply for other jobs at Citi in the future, but they shouldn’t bother if they don’t “see the light” and get vaccinated.

“You are welcome to apply for other roles at Citi in the future as long as you are compliant with Citi’s vaccination policy,” the company said in the memo.

According to Bloomberg, more than 90% of Citigroup’s staffers in the US have already been vaccinated. Any workers who haven’t gotten their shots are welcome to apply for religious or medical exemptions. Although it’s not clear what those applying for an exemption will do during the period between the start of the vaccine mandate, and whenever Citi finishes analyzing all the applications for an exemption.

Unsurprisingly, Citi is already facing public backlash for its decision to push out anti-vaxxers. One Twitter user questioned if Citi would take responsibility for any vaccine-induced medical issues (like the ‘almost harmless’ inflammation of the heart that has been associated with mRNA vaccines and younger users).

And what’s next? Will Citibank extend this mandate to its vaccinated customers?

One Citi worker complained on LinkedIn that this policy feels like a huge “overreach” since most of his direct reports don’t work in the same state as him.

“I’ve been sitting at home for two years now, I rarely go to the office, my direct reports are states away — this felt like a huge overreach,” said George Pagano, who spent five years in Citigroup’s operations and technology division before departing in November due to the mandate.
“When it comes to promoting the company at the expense of having to threaten to fire people the week after Christmas, it just seemed to be a bit too much.”

Finally, Citi is imposing its mandate as constitutionality of vaccine mandates is still debatable. As one source told Bloomberg, most companies are waiting to see how SCOTUS rules.

“It’s extremely onerous for employers,” Paul said, noting challenges in obtaining tests and tracking the data.
“Because of these burdens, there are a lot of employers that are just waiting to see what the Supreme Court does before they go ahead and roll out their plans.”

While Citi’s office workers must adhere to the Jan. 14 deadline, workers in the company’s office branches will have a little more leeway. To try and make the mandate more palatable, Citi has taken measures including bringing in medical experts to educate staff, holding town halls with human-resources leaders and handing out prizes for vaccinated workers. It also offered paid time off for workers hoping to get the shot.

Earlier this week, Goldman Sachs became the latest Wall Street megabank to abandon its plans to return employees to its offices.

Citi has already faced legal challenges over its vaccine mandate, which it first announced back in November after President Biden called on corporations to coerce their workers into getting the jabs. Of course, the rate of vaccination will differ dramatically by state, as many workers in New York are already facing pressure from the government to get the vaccines, while workers in Florida and Texas have been afforded much more leniency.

Unfortunately, the world has learned over the last year that the vaccines aren’t nearly as effective as Pfizer and Moderna (and President Biden) originally led the public to believe. So hopefully whoever came up with this idea at Citi isn’t disappointed when it has no impact on the number of workers afflicted by virus.

end

Mayo clinic fires 700 unvaccinated employees

(Phillips/EpochTimes)

Mayo Clinic Fires 700 Unvaccinated Employees Weeks After Nurses’ Warning

FRIDAY, JAN 07, 2022 – 01:01 PM

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

The Mayo Clinic in Minnesota fired 700 unvaccinated health care workers on Tuesday, despite nurses at the clinic issuing a warning several weeks ago about staffing issues.

“While Mayo Clinic is saddened to lose valuable employees, we need to take all steps necessary to keep our patients, workforce, visitors, and communities safe,” the Mayo Clinic said in a statement Tuesday in confirming the mass firings.
“If individuals released from employment choose to get vaccinated at a later date, the opportunity exists for them to apply and return to Mayo Clinic for future job openings.”

Health care workers are seen in a recent file photo. (Ariana Drehsler/AFP via Getty Images)

The employees had until Monday to get the COVID-19 vaccine. Officials said the 700 workers who were terminated represent approximately 1 percent of the Mayo Clinic’s 70,000 employees.

“While final numbers are still not available, nearly 99 percent of staff across all Mayo Clinic locations have complied with the required vaccination program, meaning they have been vaccinated or have received medical or religious exemptions,” said the Clinic in its statement.

Outside of Minnesota, the Mayo Clinic operates hospitals in Wisconsin, Arizona, Florida, and Iowa. The Mayo Clinic is the largest employer in Minnesota.

“Based on science and data, it’s clear that vaccination keeps people out of the hospital and saves lives. That’s true for everyone in our communities—and it’s especially true for the many patients with serious or complex diseases who seek care at Mayo Clinic each day,” added the Mayo Clinic, without noting that studies and data suggest the COVID-19 Omicron variant appears to easily infect fully vaccinated individuals.The Mayo Clinic logo at Mayo Clinic Square, Minneapolis, Minn., on June 24, 2018. (Tony Webster via Wikimedia Commons)

Some longtime Mayo Clinic employees who were fired for not receiving the vaccine told Twincities.com that they wouldn’t comment on the firings because they fear “community retaliation against either themselves or their families.”

Several months ago, President Joe Biden announced that health care facilities that receive Medicaid and Medicare funding would have to impose a vaccine mandate for all their employees or risk losing federal funding. About a week ago, the Centers for Medicaid & Medicare Services reversed its policy and announced it would begin enforcing the vaccine mandate in about half of all U.S. states, including Minnesota.

The agency, in a memorandum, said it modified the compliance dates for its mandates, meaning that facilities that apply have to comply with the mandate’s first phase. All health care staff needs to have obtained the first dose of the Pfizer or Moderna vaccine, or the single-shot Johnson & Johnson vaccine by Jan. 27, 2022—or 30 days after the CMS memorandum was issued.

In mid-December, nurses represented by the Minnesota Nurses Association held a press conference to call on hospital CEOs to address staffing concerns.

“To our patients, I want to say this: Nurses will be here when you need us,” Mary C. Turner, union president and a COVID-19 intensive care unit nurse, said at the news conference on Dec. 20. “To our hospital CEOs and elected officials, please hear us: Nurses need more than words, we need action to address the crisis of staffing and retention in Minnesota hospitals.”

COVID-19 is the illness caused by the CCP (Chinese Communist Party) virus.

The Epoch Times has contacted the Mayo Clinic and the Minnesota Nurses Association for comment.

end

New York/New York City

Very bad Christmas: New York City’s subway shows service dramatically lowered due to worker shortages (workers dismissed/workers with COVID)

(zerohedge)

“It’s Been Bad Since Christmas” – Subway Service Slows Dramatically As Worker Shortages Cause Mass Delays

THURSDAY, JAN 06, 2022 – 06:40 PM

One day after New York’s Gov. Kathy Hochul delivered her state of the state address – her first major address since taking over from her former boss Gov. Andrew Cuomo this past summer – the NYT and the rest of the media gallery praised her performance. But despite her alluring promises about ending “unproductive” rivalries between the elected leaders of NYC and the Empire State.

Unfortunately, she still has one major, economy-wrecking problem to solve, and it’s this: on any day this week, some 1,300 people out of a work force of 6.3K (roughly 1/5th) have been absent from work from the MTA due the ongoing crush of omicron case.

The soaring jump in absenteeism, which the transportation authority attributes to the virus, has meant a lack of workers to keep up with the regular train schedules, leading officials to suspend service this week on three of the system’s 22 subway lines and reduce schedules on many others, leading to longer wait times.

NYC’s shortage of workers has made it the most critically underserved public transit system in the country, the NYT reports.

“I feel like it’s been bad since Christmas,” Jennifer Hall, 41, said Wednesday morning as she waited with her son for a D train in the Bronx.

The news comes as New York State confirmed 85K new cases on Thursday, a new daily record for the Empire State.

Source: NYT

The surge in worker absences comes as the transportation authority has already been contending with a smaller work force after a rush of retirements and a pandemic-related hiring freeze was lifted last February.

Unlike other public workers, MTA employees are not restricted by the vaccine mandate (although if they aren’t vaccinated they must submit to a test every week).

The MTA’s troubles are hardly unique; they’re part of a wider issue of staffing shortages that has lead to thousands of flights being cancelled, along with train delays across the country.

In particular, sick calls have soared in recent weeks: “We have seen increased sick calls, more than we have seen in the past,” said Craig Cipriano, the interim president of the division of the transportation authority. The number swelled through the end of the year, with unplanned absences currently more than three times higher than their typical levels before the pandemic.

The number of subway riders in NYC has fluctuated dramatically, often following the COVID case numbers in an inverse pattern. Unsurprisingly, this has forced the MTA to make some exceptions to its virus-related worker absences.

Subway ridership this week stood at about 40 percent of prepandemic numbers, transit officials said. That is a drop from levels that climbed above 50 percent in November, but still represents millions of passengers.
For now, at least, the MTA’s leaders expect the worker shortages to get better, not worse.
Still, Mr. Cipriano said there was reason to believe that the suspensions and delays caused by virus-related worker absences would soon ease, though he would not specify when. Already this week, he said, the absentee numbers showed signs they may be reversing. Transit employees who test positive for the virus get up to two weeks of sick leave beyond their standard sick time, which is 12 days per year. In the transit authority’s guidance to employees, which mirrors recent guidance from the federal Centers for Disease Control and Prevention, it suggests that vaccinated workers who test positive for Covid-19 must isolate for at least five days and can return to work only if they have been without a fever for three days, have no runny nose and a “minimal cough.”
Unvaccinated workers who have tested positive or been exposed to the virus must isolate for 10 days before returning to work. Transit officials have said that about 80 percent of its roughly 67,000 employees were vaccinated, and that they were unlikely to impose a stricter vaccine requirement out of concern that it might further disrupt service at a time when the system can scarcely afford it.

Fortunately, Cipriano and the rest of the MTA leadership don’t expect to halt round-the-clock service any time soon. At the very least, they feel they would be able to run fewer trains per hour before they’re stuck with having to dial back service, forcing passengers who keep odd hours to pay for cab fare after leaving work late at night or early in the morning.

END

Huge! A Federal Judge has rejected a request by the FDA to produce only 500 pages. He ordered them to produce 55,000 pages per month. A that rate we will get to see all the documentation by

Oct of this year.

(zerohedge)

Judge Rejects FDA’s 75 Year Delay On Vax Data, Cuts To Just 8 Months

THURSDAY, JAN 06, 2022 – 07:40 PM

A federal judge has rejected a request by the FDA to produce just 500 pages per month of the data submitted by Pfizer to license its Covid-19 vaccine – and has ordered them to produce 55,000 pages per month. Assuming there are roughly 450,000 pages, that means it will take just over eight months for the world to see what’s under the hood.

Attorney Aaron Siri, who represents the plaintiff in the case, has provided this stunning update via his blog, Injecting Freedom:

On behalf of a client, my firm requested that the FDA produce all the data submitted by Pfizer to license its Covid-19 vaccine. The FDA asked the Court for permission to only be required to produce at a rate of 500 pages per month, which would have taken over 75 years to produce all the documents.

I am pleased to report that a federal judge soundly rejected the FDA’s request and ordered the FDA to produce all the data at a clip of 55,000 pages per month!

This is a great win for transparency and removes one of the strangleholds federal “health” authorities have had on the data needed for independent scientists to offer solutions and address serious issues with the current vaccine program – issues which include waning immunity, variants evading vaccine immunity, and, as the CDC has confirmed, that the vaccines do not prevent transmission.

No person should ever be coerced to engage in an unwanted medical procedure. And while it is bad enough the government violated this basic liberty right by mandating the Covid-19 vaccine, the government also wanted to hide the data by waiting to fully produce what it relied upon to license this product until almost every American alive today is dead. That form of governance is destructive to liberty and antithetical to the openness required in a democratic society.

In ordering the release of the documents in a timely manner, the Judge recognized that the release of this data is of paramount public importance and should be one of the FDA’s highest priorities. He then aptly quoted James Madison as saying a “popular Government, without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy” and John F. Kennedy as explaining that a “nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.”

The following is the full text of the Judge’s order, a copy of which is also available here.

UNITED STATES DISTRICT COURT

PHMPT, Plaintiff v. FDA, Defendant, No. 4:21-cv-1058-P

ORDER

This case involves the Freedom of Information Act (“FOIA”). Specifically, at issue is Plaintiff’s FOIA request seeking “[a]ll data and information for the Pfizer Vaccine enumerated in 21 C.F.R. § 601.51(e) with the exception of publicly available reports on the Vaccine Adverse Events Reporting System” from the Food and Drug Administration (“FDA”). See ECF No. 1. As has become standard, the Parties failed to agree to a mutually acceptable production schedule; instead, they submitted dueling production schedules for this Court’s consideration. Accordingly, the Court held a conference with the Parties to determine an appropriate production schedule.[1] See ECF Nos. 21, 34.

“Open government is fundamentally an American issue” – it is neither a Republican nor a Democrat issue.[2] As James Madison wrote, “[a] popular Government, without popular information, or the means of acquiring it, is but a Prologue to a Farce or a Tragedy; or, perhaps, both. Knowledge will forever govern ignorance: And a people who mean to be their own Governors, must arm themselves with the power which knowledge gives.”[3] John F. Kennedy likewise recognized that “a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.”[4] And, particularly appropriate in this case, John McCain (correctly) noted that “[e]xcessive administrative secrecy . . . feeds conspiracy theories and reduces the public’s confidence in the government.”[5]

Echoing these sentiments, “[t]he basic purpose of FOIA is to ensure an informed citizenry, [which is] vital to the functioning of a democratic society.” NLRB v. Robbins Tire & Rubber Co., 437 U.S. 214, 242 (1977). “FOIA was [therefore] enacted to ‘pierce the veil of administrative secrecy and to open agency action to the light of public scrutiny.’” Batton v. Evers, 598 F.3d 169, 175 (5th Cir. 2010) (quoting Dep’t of the Air Force v. Rose, 425 U.S. 352, 361 (1976)). And “Congress has long recognized that ‘information is often useful only if it is timely’ and that, therefore ‘excessive delay by the agency in its response is often tantamount to denial.’” Open Soc’y Just. Initiative v. CIA, 399 F. Supp. 3d 161, 165 (S.D.N.Y. 2019) (quoting H.R. REP. NO. 93-876, at 6271 (1974)). When needed, a court “may use its equitable powers to require an agency to process documents according to a court-imposed timeline.” Clemente v. FBI, 71 F. Supp. 3d 262, 269 (D.D.C. 2014).

Here, the Court recognizes the “unduly burdensome” challenges that this FOIA request may present to the FDA. See generally ECF Nos. 23, 30, 34. But, as expressed at the scheduling conference, there may not be a “more important issue at the Food and Drug Administration . . . than the pandemic, the Pfizer vaccine, getting every American vaccinated, [and] making sure that the American public is assured that this was not [] rush[ed] on behalf of the United States . . . .” ECF No. 34 at 46. Accordingly, the Court concludes that this FOIA request is of paramount public importance.

“[S]tale information is of little value.” Payne Enters., Inc. v. United States, 837 F.2d 486, 494 (D.C. Cir. 1988). The Court, agreeing with this truism, therefore concludes that the expeditious completion of Plaintiff’s request is not only practicable, but necessary. See Bloomberg, L.P. v. FDA, 500 F. Supp. 2d 371, 378 (S.D.N.Y. Aug. 15, 2007) (“[I]t is the compelling need for such public understanding that drives the urgency of the request.”). To that end, the Court further concludes that the production rate, as detailed below, appropriately balances the need for unprecedented urgency in processing this request with the FDA’s concerns regarding the burdens of production. See Halpern v. FBI, 181 F.3d 279, 284–85 (2nd Cir. 1991) (“[FOIA] emphasizes a preference for the fullest possible agency disclosure of such information consistent with a responsible balancing of competing concerns . . . .”).

Accordingly, having considered the Parties’ arguments, filings in support, and the applicable law, the Court ORDERS that:

1. The FDA shall produce the “more than 12,000 pages” articulated in its own proposal, see ECF No. 29 at 24, on or before January 31, 2022.

2. The FDA shall produce the remaining documents at a rate of 55,000 pages every 30 days, with the first production being due on or before March 1, 2022, until production is complete.

3. To the extent the FDA asserts any privilege, exemption, or exclusion as to any responsive record or portion thereof, FDA shall, concurrent with each production required by this Order, produce a redacted version of the record, redacting only those portions as to which privilege, exemption, or exclusion is asserted.

4. The Parties shall submit a Joint Status Report detailing the progress of the rolling production by April 1, 2022, and every 90 days thereafter.[6]

SO ORDERED on this 6th day of January, 2022.

[1] Surprisingly, the FDA did not send an agency representative to the scheduling conference.

[2] 151 CONG. REC. S1521 (daily ed. Feb. 16, 2005) (statement of Sen. John Cornyn).

[3] Letter from James Madison to W.T. Barry (August 4, 1822), in 9 WRITINGS OF JAMES MADISON 103 (S. Hunt ed., 1910).

[4] John F. Kennedy, Remarks on the 20th Anniversary of the Voice of America (Feb. 26, 1962).

[5] America After 9/11: Freedom Preserved or Freedom Lost?: Hearing Before the S. Comm. on the Judiciary, 108th Cong. 302 (2003).

[6] Although the Court does not decide whether the FDA correctly denied Plaintiff’s request for expedited processing, the issue is not moot. Should the Parties seek to file motions for summary judgment, the Court will take up the issue then.

END

The USA is still pushing for digital ID’s. An excellent commentary!

(Barret/AmericanThinker)

The Vaccine Is A Dud, But That Won’t Stop Push For Digital IDs

THURSDAY, JAN 06, 2022 – 09:00 PM

Authored by Jeffrey Barrett via American Thinker (emphasis ours),

As time goes on, we are learning more and more about Covid 19 and the Covid 19 vaccines. To date, the most important and surprising information about the vaccines is that they do not prevent the vaccinated from contracting or transmitting the virus. The irony is that the CDC, a government agency, readily admits this[i] but other sectors of the government are carrying on as if this vitally important new information did not exist at all.

Take for example Biden’s OSHA which, before it was temporarily halted by a Circuit Court ruling, ordered the unvaccinated but not the vaccinated employees of private companies to undergo inconvenient weekly Covid tests even though other parts of the government were admitting that the vaccinated transmit the virus as readily as the unvaccinated. The whole moral justification of forcing people to take the vaccine is to protect others even if the “hesitant” don’t want to risk taking the jab due to the escalating problem of vaccine-related deaths and serious injuries.[ii] But we now know that the vaccine is a dud. While it can reduce symptoms of Covid,(Harvey: hogwash) it cannot prevent the vaccinated from catching and transmitting Covid. And yet the government is acting as if none of this matters and is continuing to push harsh mandates upon those who do not want to play vaccine roulette and take the risk of a vaccine injury.

Again as time goes on, it is becoming increasingly evident that the reason why the Biden administration is demonstrably not “following the science“[iii] is that the irrational and probably unconstitutional vaccine mandates are not about public health at all but more likely about the implementation of a universal digital identification program that governments are labeling “vaccine passports.”

To understand why the government seems determined to tag every citizen of every age with a digital ID, it is first necessary to understand the attitudinal evolution of political elites in Western countries. These elites appear to be losing their faith in the classical liberal emphasis on individual human freedom that was intellectually nurtured in the West by such thinkers as Kant, Voltaire, Locke, Bastiat, Mill, and Spencer and attained its clearest concrete political expression in the American Constitutional Republic. The essence of this revolution in political thought and practice is that it gave common people protection against the potential abuse of power of their ruling elites. Such protections included political theory that rooted individual rights in natural law and Divine Will as well as practical institutions such as the division of power between the states and central government, the further division of those powers between the legislature, executive, and judiciary, the rule of law, courts of law, the Bill of Rights, privacy rights, property rights, elections and so forth.

Despite considerable differences, Western elites used to broadly agree on the moral necessity of protecting the people against the potential abuse of power of those who controlled a society’s instruments of coercion such as the police and military. This appears to be no longer case. Western elites from the political, commercial, and media worlds regularly meet in events and “training schools”[iv] sponsored by the World Economic Forum (WEF) to discuss the need for a whole new kind of society where people own no personal property, have little or no personal privacy, are heavily dependent upon their governments for the goods and services they consume, the location of their homes and where and how often they can travel. All this illiberalism is couched in terms of a new kind of “sustainable,” “inclusive,” “equitable” quasi-utopian society [v] not unlike the vaporous visions that Marx used to conjure up in his early writings.

The reason for this abandonment of traditional Western ideals appears to be their belief that these ideals no longer work in the post-World War II era. At the beginning of that era, Western elites were still largely committed to civil liberties but their commitment to economic liberty and constrained government was considerably less than that of earlier generations of leaders. Then increasingly post-World War II elites began to strive to seek and sustain their power by claiming they could proactively provide their voters with a level of economic wealth, economic security, and an overall social “safety” environment never before seen in human history. The economic justification for these escalating promises was a form of neo- Keynesianism. The economist John Maynard Keynes did not trust the markets to correct themselves during recurring business cycles and so advocated that government go into debt to “stimulate” stagnant economies out of recessions and then pay off that debt during the subsequent booms and budgetary surpluses brought about by the proactive economic managers. Western politicians quickly forgot about the “paying off” part and gradually over the postwar decades increased the public debt to the stupendous levels we see today. Western central banks also suppressed interest rates thereby incentivizing private companies and consumers to heap unprecedented private debt onto the unprecedented public debt.

Today the European and Japanese bond markets are in such shambles that only their central banks will purchase their government debt. And as economists have been pointing out for years, governments cannot possibly pay for all the promises they have made to their voters for future benefits such as pensions, medical care, and other cradle-to-grave comforts. The American federal government alone has, by some measures, a 200 Trillion gap between future expected revenues and future promised benefits.[vi] Little wonder that today’s Western elites are giving up on traditional Western liberties because they know that once the hard times hit, the masses will use those liberties such as freedom of speech, freedom to assemble, freedom to protest, the courts, and elections as weapons to lash back at the “establishments” in power.

The establishments, of course, do not want to give up their wealth, status, and power, and so must find some way of depriving the masses of these dangerous liberties, exert more authority over them and turn them from free citizens into subjects.

END

Very vital

(zerohedge)

Live: Supreme Court To Weigh Biden Vaccine Mandate

FRIDAY, JAN 07, 2022 – 09:55 AM

The Supreme Court on Friday is scheduled to hear at least two hours of arguments beginning at 10 a.m. EST after GOP state officials and business groups filed requests to block President Joe Biden’s vaccine mandate for employers who have more than 100 workers, as well as a similar requirement for healthcare facilities.

Listen live here.

Justice Sonia Sotomayor has chosen to participate in the arguments from her chambers, and two arguing attorneys, the solicitors general of Ohio and Louisiana, will also participate remotely by telephone, a court spokeswoman said.
The justices spent most of the pandemic working remotely but returned to in-person arguments in October. All nine are fully vaccinated, the court said. The court remains closed to the public due to the pandemic. –Reuters

The plaintiffs have argued that the Biden administration exceeded its authority by imposing requirements that were never authorized by Congress, and that it f ailed to follow the proper administrative rules for issuing emergency regulations.

Of note – and possible relevance to the argument; in July, Biden explicitly stated that people who take the vaccine will not get COVID-19, a statement we know (and knew at the time) was false.

Under one of the Biden policies, OSHA required that businesses employing more than 100 employees need to require vaccinations or weekly testing – which would apply to more than 80 million workers nationwide.

Taking the lead in trying to block the mandate is the state of Ohio and the National Federation of Independent Business. Meanwhile, several religious groups, including the Southern Baptist Theological Seminary, have filed similar cases.

The second policy under consideration by the Supreme Court requires that approximately 10.3 million workers across 76,000 healthcare facilities receive the vaccine.

end

Actually in all probability the virus that is spreading is still the Delta with 20% Omicron.

The reason for the huge number of cases is due to the lack of immunity to our vaxxed/

(zerohedge0

Pentagon Further Tightens COVID Restrictions After Secretary Austin Tests Positive

FRIDAY, JAN 07, 2022 – 03:43 PM

Authored by Jack Phillips via The Epoch Times,

The Department of Defense (DOD) on Friday tightened its COVID-19 restrictions in the midst of a rise in cases nationwide and days after Secretary Lloyd Austin tested positive for the virus.

Starting Jan. 10 at 5:00 a.m., the Pentagon will reduce its occupancy limit to 25 percent or fewer, while social distancing will stay at six feet. Personnel, including fully vaccinated people, will have to wear a mask indoors unless alone in an office, eating or drinking, or in several other circumstances, according to two memorandums issued by the DOD.

In a memo to staff (pdf), Deputy Defense Secretary Kathleen Hicks told all supervisors to use the maximum number of telework opportunities as well as flexible scheduling.

“It is my intent for you to comply with this limit to the fullest extent possible,” Hicks wrote in the directive.
“We are experiencing a rapidly evolving situation and your carefully considered requests for exception from the occupancy rate may be granted by the [Director of Administration and Management of the U.S. Department of Defense] but must be limited to mission-critical activities and must explain why alternatives to a higher occupancy rate are insufficient.”

DOD staff members’ “continued diligence and adherence to occupancy limits will aid in reducing the surge of new cases,” Hicks claimed.

For the past several months, the Pentagon operated under a directive that allows 40 percent of personnel to work in the building while the rest teleworked.

“Significant upward trends, the rise in positive case counts, including the current spread of the Omicron variant, as well as the consideration that the majority of our workforce is fully vaccinated, weighed heavily in the decision to adjust safety plans,” Michael Donley, the Director of Administration and Management, in a memo to senior Pentagon leadership, wrote in a separate memo (pdf).

While data has suggested that Omicron can easily spread, data and studies have shown it appears to cause fewer deaths and hospitalizations than previously dominant variants. Studies have also suggested that the strain can easily infect fully vaccinated and boosted individuals.

An official with the World Health Organization, citing studies, said earlier this week that because Omicron primarily infects the upper respiratory tract, it’s less likely to cause severe pneumonia.

And the latest directive will allow the DOD to “maintain force health protection measures mitigating the spread of COVID-19 in our own communities, among our military personnel, DOD civilian employees, and on-site contractor workforce,” Donley also wrote.

Earlier this week, Austin confirmed that he tested positive for COVID-19, caused by the CCP (Chinese Communist Party) virus. Austin, who is fully vaccinated and received a booster dose in October 2021, said he has mild symptoms.

END

iii) important USA economic stories for you tonight

This is deadly to the USA economy

(zerohedge)

Chip Delivery Times Hit Record As Shortage Worsens

FRIDAY, JAN 07, 2022 – 12:44 PM

Delivery times for chips jumped in December, signaling the semiconductor shortage is worsening into the new year, according to research by Susquehanna Financial Group.

On average, lead times increased six days to approximately 25.8 weeks last month compared with November. This is the longest wait time since the firm began monitoring the data in 2017.

As a refresher, lead time is the gap between when a semiconductor is ordered and delivered. An increase would suggest chip shortages are persisting, and declines would indicate easing.

“The rate of lead time expansion has been choppy, but picked up again in December,” Susquehanna analyst Chris Rolland wrote in a note to clients on Tuesday.

“Lead times for nearly every product category witnessed all-time highs, with power management and MCUs (microcontrollers) leading the charge,” Rolland said.

Longer wait times for microcontrollers, particularly used by automakers, could spell out more trouble for new car production.

Rolland noted that companies are purchasing more inventory than they need to mitigate future chip disruptions. The pull forward is often called double ordering.

Semiconductor shortages have hampered many other industries, including electronics, heavy equipment, appliances, and other consumer durables that rely on automated applications.

The bottom line is supply chain disruptions continue and are possibly worsening despite President Biden’s pledge to fix the mess.

For now, the shortages have been a boon to chipmakers. Philadelphia Stock Exchange Semiconductor Index is up more than 200% since the COVID low in early 2020.

There are still no signs that lead times will peak this month.

Northeast USA pummeled with a winter storm and this cancells 2200 flights

(zerohedge)

2,200 Flights Canceled As Winter Storm Pounds Northeast

FRIDAY, JAN 07, 2022 – 07:27 AM

Friday brought more bad news for airlines and their customers with 2,200 flight cancellations as a winter storm blanketed mid-Atlantic and Northeast states and staffing shortages due to COVID-19 infections. Southwest Airlines, United Airlines, American Airlines, JetBlue, and regional carrier SkyWest Airlines are the hardest hit this morning, according to data provided by FlightAware.

FlightAware showed most of the canceled flights originated at Northeast airports, such as LaGuardia, Boston Logan International, John F. Kennedy International, and Newark Liberty International.

The high number of cancellations is a multiprong issue. First, crew shortages showed no signs of easing two weeks after beginning on Christmas Eve due to Omicron. Second, a winter storm dumped accumulating snow over the Tri-State region.

Flight delays and cancellations are likely to worsen throughout the day and spill over into Saturday.

end

Chicago cancels school for third straight day.

(zerohedge)

Chicago Cancels School For Third Straight Day Amid Standoff With Teachers Union

FRIDAY, JAN 07, 2022 – 10:50 AM

Authored by Zachary Stieber via The Epoch Times,

Chicago canceled classes on Friday amid a standoff with the city’s teachers union (CTU), which is refusing to teach in-person.

Parents were told late Thursday that classes were axed for the third straight day as “we continue working to get CTU staff back in our buildings.”

A small number of schools may be able to offer in-person activities because some teachers were bucking the union and have been showing up at schools, Chicago Public Schools CEO Pedro Martinez said.

Parents, though, should not send their children to school unless the principal there confirmed that it would be open on Friday.

CTU members voted earlier this week to shift to virtual learning after a rise in COVID-19 cases in Chicago and among students and staffers.

Members refused to return to the classroom unless the number of cases subsided or the city agreed to a list of demands, including forcing students to test negative for COVID-19 before being allowed back in school.

Chicago Mayor Lori Lightfoot and Martinez have said the vote amounted to an illegal work stoppage and have urged teachers to return to schools, arguing they are already safe places amid the pandemic.

CTU and the city have filed competing unfair labor practices complaints, neither of which have been ruled on yet.

CTU President Jesse Sharkey told members in an email to “stay the course” and teachers started going door-to-door on Thursday to sign families up for COVID-19 testing.

“With few students signed up for free COVID testing each week in schools, locked out educators are taking matters into their own hands today,” the union said in a statement.

Members of the Chicago Teachers Union and supporters stage a car caravan protest outside City Hall in the Loop in Chicago, Ill., on Jan. 5, 2022. (Ashlee Rezin /Chicago Sun-Times via AP)

The union says attempts to teach virtually were disrupted by Chicago Public Schools, which allegedly locked teachers out of their accounts.

Negotiations are ongoing between the city and the union. Lightfoot and Martinez said in a joint statement that the bargaining sessions on Thursday “were productive from our perspective.”

The Biden administration has backed the city, telling districts across the nation to remain open for in-person instruction.

But the effort has not been entirely successful. Over 5,200 schools nationwide have had in-person instruction disrupted, including the 653 schools in Chicago, according to Burbio.

Studies show that school closures do not cut down on COVID-19 in a community, and many officials who once favored shutting down schools during the pandemic have since backed keeping them open.

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

iv)swamp stories

Welcome to the uSA/Chicago!

(zerohedge)

Chicago Thieves ‘Boast’ Of Ease Of Store Break-Ins By Dumping Loot On Democrat Governor’s Lawn

THURSDAY, JAN 06, 2022 – 09:20 PM

Chicago police have confirmed that a high-end Burberry store on the city’s central Michigan Ave. was robbed no less than two times this week, with the second break-in coming early Thursday morning. The first instance was Tuesday morning, with the burglaries being especially brazen given they took place in daylight hours, or just before dawn. The Tuesday incident involved five men in a White SUV, but apparently with no other leads or identifiers. So naturally they hit the same site again, plus others.

But as CWB Chicago details of the second break-in, it appears the criminals are positively boasting about the ease of mass theft in a seemingly “lawless” windy city: “A group of armed burglars broke into two Lakeview convenience stores, dumped their stolen cash registers in front of Gov. JB Pritzker’s home, and then burglarized the Burberry store on Michigan Avenue early Thursday.”Image: NBC Chicago

It appears to be the same criminal gang, and what’s more is that police indicated it all happened in under 45 minutes. They’re believed to have escaped with an estimated $100,000 in merchandise from the Burberry store, with other loot from the separate stores as yet unknown.

According to further details for the spree, “Burglars broke into Apple Bite, a liquor store at 2919 North Broadway, around 4:10 a.m. and then burglarized Belmont Harbor Market, 401 West Belmont, around 4:35 a.m., according to separate police reports. They took cash, registers, liquor, and tobacco products.”

It’s hard to imagine the purpose of taking the chance of casually going by the governor’s Chicago residence to dump presumably empty cash registers in front of the home, other than to “boast” and in effect rub the Democrat governor’s face in it.

The bizarre antics come amid a spate of break-ins where thieves are breaching small Chicago stores with ease. Perhaps in a strange and hugely ironic way, the thieves themselves are seeking to demonstrate the fact directly to the governor.

“Late-night burglary sprees targeting small stores for liquor, cigarettes, and cash registers have been an ongoing problem across the North Side for several weeks, the Thursday CWB Chicago report highlights.

“Some stores, including Belmont Harbor Market, which was targeted this morning, have been hit twice” it underscored. And here’s the topper from ABC7 news: “No one is in custody for either incident.”

END

Tucker Carlson confronts Cruz for calling Jan 6 a terrorist attack. He then apologizes for a sloppy dumb comment

(Tucker Carlson/Cruz/zerohedge)

Tucker Confronts Cruz For Calling Jan 6th A “Terrorist Attack”, Senator Apologizes For “Sloppy…Dumb” Comments

FRIDAY, JAN 07, 2022 – 08:46 AM

Authored by Steve Watson via Summit News,

After encountering a huge backlash from conservatives for describing the events of January 6th 2021 as a “violent terrorist attack,” Senator Ted Cruz apologised and admitted that his language was “dumb” and “sloppy”.

Cruz appeared on Tucker Carlson’s evening show Thursday, apparently at his own request, and attempted to back track on what he said, claiming that he’d been referring to attacks on police.

Carlson said to Cruz “There are a lot of dumb people in the Congress. You are not one of them. I think you’re smarter than I am. And you never use words carelessly. And yet you called this a terror attack when by no definition was it a terror attack. That’s a lie. You told that lie on purpose, and I’m wondering why you did.”

Cruz responded “When you aired your episode last night, I sent you a text shortly thereafter and said listen, I would like to go on because the way I phrased things yesterday, it was sloppy, and it was frankly dumb.”

Carlson interjected, urging “Look, I’ve known you a long time. Since before you went to the Senate, you’re a Supreme court contender. You take words as seriously as any man who’s ever served in the Senate. And every word you repeated that phrase. I do not believe that you use that accidentally. I just don’t.”

Cruz again described his language as “a poor choice of words,” claiming that “as a result of my sloppy phrasing, it’s caused a lot of people to misunderstand what I meant.”

“Let me tell you what I meant,” The Senator continued, explaining
“What I was referring to are the limited number of people who engaged in violent attacks against police officers. I think you and I both agree that if you assault a police officer, you should go to jail.”
“That’s who I was talking about. And the reason the phrasing was sloppy is I have talked dozens if not hundreds of times, I’ve drawn a distinction. I wasn’t saying that the thousands of peaceful protestors supporting Donald Trump are somehow terrorists. I wasn’t saying the millions of patriots across the country, supporting president Trump are terrorists,” Cruz declared, adding “And that’s what a lot of people have misunderstood that.”

Carlson continued to say he doesn’t believe Cruz.

“Hold on a second,” the host shot back, noting “What you just said doesn’t make sense. So if somebody assaults a cop, he should be charged and go to jail. I couldn’t agree more. We have said that for years, but that person’s still not a terrorist. How many people have been charged with terrorism on January 6?”

Carlson continued, “Like why’d you use that word? You’re playing into the other side’s characterization, that… allows them to define an entire population as foreign combatants. And you know that so why’d you do it?”

Cruz responded, “The reason I’ve used that word for a decade, I have referred to people who violently assault police officers as terrorists. I’ve done so over and over and over again. If you look at all the assaults we’ve seen across the country, I’ve called that terrorism over and over again.”

The Senator continued, “That being said, Tucker, I agree with you. It was a mistake to say that yesterday. And the reason is what you just said, which is we’ve now had a year of Democrats in the media, twisting words, and trying to say that all of us are terrorists trying to say you’re a terrorist, I’m a terrorist.”

“And so look, I don’t like people who assault cops and, and, and I stand up and defend cops,” Cruz carried on, adding “The reason I use that word is that’s the word I’ve always used for people that violently attack cops. But in this context, I get why people were angry because we’ve had a year of the corrupt corporate media and Democrats claiming anyone who objected to the election fraud.”

“I guess I just don’t believe you,” Carlson said.
“And I mean that with respect because I have such respect for your acuity and your precision.”

Cruz also tweeted the interview out, saying his words were dumb!

end

KING REPORT/SWAMP STORIES

Italy requiring everyone over 50 to get a COVID vaccine https://t.co/kNqRNEzZyX

Energy prices soared on Thursday. Gasoline jumped as much as 1.2%; WTI Oil hit $80.24. Bonds sank; the 30-year yield hit 2.12%; the 10-year rate hit 1.743%. The US 2-year note hit 0.88%. This is noteworthy because historically, the market believes that the Fed Funds rate should equal the 2-year note yield. The Fed is too easy by 88bps by this metric, which is a moving target.
Global research on Omicron COVID surge raises more questions about Biden’s unvaccinated blame game – A new Canadian study found two-dose mRNA vaccines are “not protective against” the latest variant, while data from Denmark show reinfections among two-dose vaccine recipients have surpassed those of the unvaccinated…
https://justthenews.com/government/white-house/global-research-omicron-covid-surge-casts-doubt-presidents-unvaccinated

Instead of FDA’s Requested 500 Pages per Month, Court Orders FDA to Product Pfizer Covid-19 Data at Rate of 55,000 Pages per Month https://aaronsiri.substack.com/p/instead-of-fdas-requested-500-pages

(CIVIQS rolling job approval survey) Poll: Biden Approval Drops to 35 Percent
https://www.newsmax.com/politics/biden-approval-drops-35-percent/2022/01/06/id/1051303/

@ggreenwald: Whenever George Bush’s approval ratings plummeted, Karl Rove would schedule some event to have him talk about 9/11 and rage against The Terrorists… It happens all around the world. A party in power that feels it can’t persuade voters to support them and win elections based on policy instead tries to convert their opposition into criminals… then censor and prosecute them…

Democrats and the Media Have Destroyed the Real Lesson of Jan. 6
The storming of the U.S. Capitol should have been a wake-up call against tolerating political violence. We had all watched violent mobs riot and burn our cities and neighborhoods for months on end, while elected leaders, most of them Democrats, did nothing (and in some cases actively encouraged the mobs)… political violence is incompatible with a constitutional republic like ours. It cannot be tolerated… When it arises, it should be crushed by overwhelming force. That’s what should have happened on Jan. 6, and also what should have happened in cities across the country in the months leading up to it…
https://thefederalist.com/2022/01/06/democrats-and-the-media-have-destroyed-the-real-lesson-of-jan-6/

The 1-year anniversary of the insurrection at the White House on May 29, 2020 was ignored. Trump was rushed to the WH bunker; and over 60 Secret Service agents were injured. We all know why. https://www.cnn.com/2020/05/31/politics/trump-underground-bunker-white-house-protests/index.html

@MrAndyNgo: In May 2020, mobs of fat-left rioters tried to storm the White House. They were repelled by police, who were assaulted and hit with projectiles. Democrats and leftists condemned law enforcement at the time for stopping the rioters. https://twitter.com/MrAndyNgo/status/1479245177248174081
    At night, the far-left rioters surrounded the White House and tried tearing apart the protective barrier so they could storm the building. Secret Service and law enforcement were injured by the violent extremists.   https://twitter.com/MrAndyNgo/status/1479248522058813441

@WPLGLocal10 Jan 20, 2017: Violent protests continue throughout Washington DC following the inauguration of Donald Trump as president.  https://twitter.com/WPLGLocal10/status/822520685054394369

Two years ago, Kamala Harris explicitly agreed with the claim that the 2016 election was “illegitimate,” and that Donald Trump was an “illegitimate” president. https://t.co/8HJJKqkin1

@MattWolking: Here’s Joe Biden in 2020 telling a woman that he absolutely agrees with her that Donald Trump is an illegitimate president   https://twitter.com/MattWolking/status/1479102107244371968

GOP Sen. @HawleyMO: Dems “candlelight vigil” for democracy today organized by antifa radicals who have encouraged rioting, harassed elected officials, tried to disrupt Trump inauguration, & last year harassed my wife & child and were charged with criminal trespass – Dems who attend this support them. (It was led Nancy Pelosi – and they held FAUX CANDLES, which was very fitting!)

ClayTravis: This January 6th candlelit vigil outside the Capitol is funnier than any SNL skit this decade… I mean, it’s great for me that they don’t because it makes mockery so easy. But I legit don’t know how an event like this happens. Plus, who is the vigil for? Ashli Babbitt? She’s the only person who died that day. Just next level absurd on all counts…  https://twitter.com/ClayTravis/status/1479238644569456642

Liz and Dick Cheney Were the Only Republicans to Attend the House’s Anniversary Observance of Jan. 6 Riots https://people.com/politics/liz-and-dick-cheney-were-the-only-republicans-to-attend-the-houses-solemn-observance-of-jan-6-riots/

@ggreenwald: Democrats, 2000: Dick Cheney stole the election and ruined US democracy. Democrat,2004: Dick Cheney is a Hitler-like figure who sends people to underground CIA torture camps for profit. Democrats, 2022: I didn’t always agree with Cheney but at least he believed in democracy.

The Histrionics and Melodrama Around 1/6 Are Laughable, but They Serve Several Key Purposes
“House Democrats [waited] their turn on the House floor to talk to Dick Cheney as a beacon for American democracy,” reported CNN’s Edward-Isaac Dovere…
https://greenwald.substack.com/p/the-histrionics-and-melodrama-around

The Democrats’ Problem with Democracy
Democrats have challenged the legitimacy of every presidential election they’ve lost this millennium…
But now, as President Biden’s poll numbers tank, his legislative agenda falters and his party’s 2022 prospects look increasingly grim, they and their media allies are adding a new twist to the tactic: They’re challenging elections before they happen.
      Prestigious news outlets including the New York Times, Washington Post, the Atlantic, NPR and the New York Review of Books warn that American democracy is under siege. With headlines ripped straight from Democratic Party talking points they argue that Republicans are planning a two-pronged coup to seize power in 2022 and beyond… America is a fractured nation and we must be clear-eyed about the sources of this division. But instead of providing insight, the ugly smears passing as wisdom among Democrats are only adding fuel to the fire. In their quest for power, they seem willing to burn down the entire house.  https://www.realclearpolitics.com/articles/2021/12/29/the_democrats_problem_with_democracy.html

Some of the hyperbolic rhetoric over January 6 was abjectly offensive. To wit: @townhallcom: MSNBC Guest likens capturing January 6th footage to filming Holocaust camps, and says that “it is like December 7th, Pearl Harbor, it is like the 9/11 tragedy.”  https://twitter.com/townhallcom/status/1479139335085735937

The Jan. 6 histrionics and braying invited a re-examination of the massive vote fraud in the Election of 2020, the politicization of Jan. 6, and the MSM/Dems’ resistance to Trump’s election. It incited further division and enmity. To quote GOP Sen. Langford, Jan 6. is “a scab for this generation”.

@mattdizwhitlock: Biden and Democrats’ tortured effort to argue that we need to pass a bill to end voter ID… because of what happened on January 6th… is ridiculous.
    The contrary is true: It was the perception that the 2020 Election was rigged and corrupted that drove people to DC. Unless US elections are perceived to be fair and uncorrupted, there will be more protests.  PS – If Jan. 6 was “an insurrection”, why has no one been charged with that crime?

Georgia Ballot Trafficking Whistleblower Admits to Making $45,000 for Stuffing Ballot Boxes — Just One of 242 Traffickers – stuffing Georgia ballot boxes from 2 to 5 AM in the morning. He was just one of 242 alleged ballot traffickers identified by the True the Vote investigation… https://www.thegatewaypundit.com/2022/01/huge-georgia-ballot-trafficking-whistleblower-admits-making-45000-stuffing-ballot-boxes-just-one-242-traffickers-possibly-1-million-ballots/

Harris slammed for comparing Capitol riot to 9/11, Pearl Harbor attacks
Many critics pointed out the disparate death tolls of the three events…“December 7, 1941: 2,300 Americans killed. September 11, 2001: 3,000 Americans killed. January 6, 2021: 1 American killed [unarmed] (Ashli Babbitt) [by DC cop],” commentator Ben Shapiro wrote… https://trib.al/ndCa6Ht

CNN’s @scontorno: Gov. DeSantis has said little in the last year about the events on Jan. 6, just unloaded. He said he won’t be watching coverage today, called it “nauseating” and “Christmas” for NY/DC media, he said it’s insulting to compare Jan. 6 to 9/11 or to say it was an insurrection.

@jayobtv: @GovRonDeSantis says the anniversary of January 6th is “not something that most Floridians have been concerned about.” Says events in DC today will be “nauseating” and a “politicized Charlie Foxtrot” (ask your military friends what that last phrase means).

GOP Rep. @AnthonySabatini: “The Jan. 6 commission is one of many different steps the federal government has taken to commence war on everyday Americans,” Rep. Sabatini said.” “Anyone who is a Trump supporter is automatically labeled a domestic terrorist,” he said”

Biden (& Pelosi) lumps officer murdered by Farrakhan follower (4/2/21) in with Capitol riot victims
https://www.washingtonexaminer.com/news/biden-lumps-officer-murdered-by-farrakhan-follower-in-with-capitol-riot-victims

On anniversary of January 6, Biden says Trump ‘tried to prevent the peaceful transfer of power’
The president credited Trump’s ‘bruised ego’ and ‘web of lies’ for the chaos on January 6 and beyond
https://justthenews.com/government/white-house/anniversary-january-6-biden-says-trump-tried-prevent-peaceful-transfer-power

Trump fires back at Biden for his remarks holding former president responsible for Jan. 6
“That’s what you get when you have a rigged Election,” Trump said.
https://justthenews.com/politics-policy/all-things-trump/trump-fires-back-biden-his-remarks-hold-former-president

Trump tears into Biden’s speech as ‘political theater and a distraction from the fact he has totally failed’… Claims Democrats only want to ‘stoke fears and divide America’…‘Where did all those votes show up from in Georgia, where it was just revealed they sold ballots for $10 a piece, or in Pennsylvania, and Arizona, and Wisconsin,’… the 2020 election was rigged… https://t.co/yAjzg2mXIe

Donald J. Trump: “They are the ones that tried to stop the peaceful transfer of power with a rigged election …Never forget the crime of the 2020 Presidential Election. Never give up!” (full statement):
https://twitter.com/realLizUSA/status/1479145967727304707/photo/1

J6 Hysteria Is How Media and Other Democrats Are Avoiding Accountability for Their Rigging of the 2020 Election – Hundreds of laws and processes were changed in the months leading up to the election, sometimes legally and sometimes not, creating chaos, confusion, and uncertainty. Tech oligarch Mark Zuckerberg, one of the world’s wealthiest and most powerful men, spent $419 million — nearly as much as the federal government itself — to interfere in the government’s management of the election in key states. Powerful tech oligarchs and corrupt propaganda press conspired to keep indisputably important news stories, such as allegations of corruption regarding the Biden family business, hidden from voters in the weeks prior to voting…Media and other left-wing pollsters had put out preposterous suppression polls to help Biden get over the finish line…The media and other Democrats have used the January 6 riot at the Capitol as a way to ignore legitimate concerns about what they did to the election system, and as a way to continue the assault on election security…   https://thefederalist.com/2022/01/06/j6-hysteria-is-how-media-and-other-democrats-are-avoiding-accountability-for-their-rigging-of-the-2020-election/

@RyanAFournier: It’s been a whole year and the FBI never found the person caught on camera planting pipe bombs at the RNC and DNC.  Why?

@ABC: While rank-and-file Republicans have remained loyal to former Pres. Trump to this day, both Mike Pence and Mitch McConnell appear to have paid a steep political price for their actions on Jan. 6.  Analysis, via @FiveThirtyEight: https://t.co/H7D7PKc2Oo

Perhaps the above dynamic is why rapidly vacillating GOP Sen. Lindsey Graham, who excoriated Trump for Jan. 6 in ensuing days, posted this yesterday: @LindseyGrahamSC: What brazen politicization of January 6 by President Biden. I wonder if the Taliban who now rule Afghanistan with al-Qaeda elements present, contrary to President Biden’s beliefs, are allowing this speech to be carried?

Tucker Carlson slams Ted Cruz for branding Capitol riot a ‘violent terrorist attack’ and accuses GOP senator of ‘repeating the talking points that Merrick Garland has written for him’ (Political suicide?)  https://www.dailymail.co.uk/news/article-10374071/Tucker-Carlson-slams-Ted-Cruz-branding-Captiol-riot-violent-terrorist-attack.html

Democrat voting rules bill prohibits states from requiring ID or social to obtain absentee ballot
Under the Freedom to Vote Act, a state “may not require an individual to submit any form of identifying document as a condition of obtaining or casting an absentee ballot.” (Only 1 reason for this)
https://justthenews.com/government/congress/democrat-voting-rights-bill-prohibits-states-requiring-id-obtain-absentee

@abigailmarone: Democrats are spending the entire day screaming about the destruction of democracy while simultaneously plotting to blow up Senate rules so they can ram through a federal takeover of elections. You can smell the irony.

@RichardGrenell: No ID for voting and ballots sent through the mail is an attack on our democracy.

BIDEN: “This wasn’t a group of tourists. This was an armed insurrection.” https://t.co/8E4K0X4AEc

Victor David Hanson: Who Are the Real Insurrectionists?
The Left now variously alleges that either in 2022, when they expect to lose the Congress, or in 2024, when they fear losing the presidency, Republicans will “destroy democracy” or stage a coup…who is trying to federalize election laws in national elections contrary to the spirit of the Constitution? Who wishes to repeal or circumvent the Electoral College? Who wishes to destroy the more than 180-year-old Senate filibuster, the over 150-year-old nine-justice Supreme Court and the more than 60-year-old 50-state union?… Hillary Clinton hired a foreign national to concoct a dossier of dirt against her presidential opponent. She disguised her own role by projecting her efforts to use Russian sources onto Trump. She used her contacts in government and media to seed the dossier to create a national hysteria about “Russian collusion.”…
   All these sustained revolutionary activities were justified as necessary to achieve the supposedly noble ends of removing Trump. The result is Third World-like jurisprudence in America aimed at rewarding friends and punishing enemies, masked by service to social justice…
https://dailycaller.com/2022/01/06/victor-davis-hanson-who-are-the-real-insurrectionists/

January 6: A Legacy of Troubling Questions
Political Divide Widens… Is There Evidence of Treason or Sedition?… Are There Any Investigative Conclusions?… Who Incited the Capitol Breach and Violence?… A man—now known to be Ray Epps of Queen Creek, Arizona—was captured on video on Jan. 5, 2021, attempting to recruit Trump supporters to assault the Capitol the next day. “Tomorrow, we need to go into the Capitol,” Epps says, as seen in a video clip. “Into the Capitol!” A man near him says, “What?” and others are heard shouting, “No!” Then the crowd breaks into a chant: “Fed! Fed! Fed! Fed!”—accusing Epps of being a federal agent… Epps responds: “I’ll say it. We need to go into the Capitol!”…
    John Guandolo, a former FBI agent and counter-terrorism expert who was on the Capitol grounds on Jan. 6, said he saw FBI agents dressed as protesters… Neither Epps, the FBI, nor federal prosecutors have commented on Epps’s actions that day, on whether he worked for the FBI, or on why he hasn’t been indicted… What Is the Significance of Unindicted Actors?… Are Jan. 6 Detainees Political Prisoners? https://www.theepochtimes.com/january-6-a-legacy-of-troubling-questions_4194595.html

All you need to know about Jan. 6 and the House committee investigating it: If the truth was evident, Pelosi wouldn’t have excluded Republicans, ex-DJT hating Liz Cheney & Kinzinger, from the panel. Of the GOP captures the House, there could be an investigation into who (Pelosi likely) told the DC police and National Guard to standdown on Jan. 6 despite ample intel of looming trouble, and the role of federal agents and their informers in the riot. Who would this damage?

DC Antifa rioter who pleaded guilty recommended only brief community services and no prison time – Charter pleaded guilty last August in connection to two DC riots following the death of George Floyd in 2020… https://thepostmillennial.com/dc-antifa-rioter-who-pleaded-guilty-no-prison-time

Ann Coulter: The Great Epstein Cover-up, Part I
Our media could not be less interested in Jeffrey Epstein’s child molestation ring…As for media coverage, did you even know that the FBI found Epstein’s cache of sex tapes labeled “(name of underage girl) + (name of VIP)” — and then lost them?…
    It sure looked like his underage sex ring was a blackmail/kompromat operation. Obviously, the most important question is: On behalf of whom? The tapes of “(underage girl) + (important person)” would have gone a long way toward answering that…
   I might think that those in power don’t want us to know anything about Epstein’s sex-trafficking operation. As further evidence that there is ABSOLUTELY NO COVER-UP: The New York Times has never breathed a single word about the CDs lost in the FBI’s botched search. Nor has the Washington Post. Nor the Chicago Tribune. Nor the Los Angeles Times… it’s odd that our government wasn’t concerned about how much blackmail material Epstein had gathered on high-level U.S. officials… How was it that all these agencies let Epstein keep up his activities for so long?…
https://www.breitbart.com/the-media/2022/01/05/ann-coulter-the-great-epstein-cover-up-part-i/

Florida resident tells ‘woke’ New Yorkers to head back north in scathing letter
“If you are one of those ‘woke’ people — leave Florida. You will be happier elsewhere, as will we,” reads the missive, typed in all capital letters…Concerned citizens reported the letters to the Palm Beach Police Department on Sunday but after a brief investigation, cops determined a crime hadn’t been committed…  https://nypost.com/2022/01/05/florida-resident-tells-woke-new-yorkers-to-get-out-of-town/

@CWBChicago: Armed burglars broke into two Lakeview stores, dumped their stolen cash registers in front of Gov. JB Pritzker’s home, and then burglarized the Burberry store on Michigan Avenue (again) overnight.   https://t.co/2zU9NzRFuN

California Dem flips on party over smash and grab robbery epidemic
“Enough is enough, we need to fight back against the criminals who are stealing from our communities,” Democratic Assemblyman Rudy Salas said in a statement about the bill’s introduction Tuesday…
https://hotair.com/jazz-shaw/2022/01/05/california-dem-flips-on-party-over-smash-and-grab-robbery-epidemic-n439555

Trump approval higher than when he left office, now 85% among GOP, 52% overall: (Rasmussen)
Trump’s favorability is still higher than Biden and Harris’ approval ratings.
https://justthenews.com/politics-policy/all-things-trump/trump-approval-higher-when-he-left-office-now-85-among-gop-52

The economy/inflation, crime, and education are the key issues for 2022. Dems are losing big on these issues. Dems have no platform except: ‘Trump is Hitler’ and possibly propagating Covid fears. Plus, many Republicans are on the alert for vote fraud. ‘Tis why so House Dems are retiring. What will Dems do? What if Durham unloads in the coming months? “Desperate times call for desperate measures?”

SEVENTH aide since Kamala Harris’s disastrous June border trip announces he is leaving in staff exodus… after allegations of turmoil and ‘bullying’ in her office
https://www.dailymail.co.uk/news/article-10375085/SEVENTH-aide-Harriss-disastrous-June-border-trip-announces-leaving-staff-exodus.html

Let us wrap up the week with this offering courtesy of Greg Hunter

Narrative Continues to Collapse with Vax, Voter Fraud & Fed

Narrative Continues to Collapse with Vax, Voter Fraud & Fed | Greg Hunter’s USAWatchdog

Narrative Continues to Collapse with Vax, Voter Fraud & Fed

By Greg Hunter On January 7, 2022 In Weekly News Wrap-Ups 31 Comments

By Greg Hunter’s USAWatchdog.com (WNW 511 1.7.22)

I predicted at the end of 2021, the narratives would collapse with the vax, voter fraud and economy propped up by the Fed. I did not realize the collapse would happen at this speed, but it has. There is more bad news with the vax injection narrative. The sick are overwhelmingly the vaxed, and now more autopsies have been done on the injected that show 93% in one study died of the CV19 so-called vaccinations. The vax attacked the body and all its organs, including the heart 100% of the time. The doctors that performed the autopsies have never seen this before.

More is coming out with voter fraud from the 2020 Election season. One whistleblower says he was paid $10 per ballot to rig the election for the Democrat candidates for Senate in Georgia. The whistleblower says 240 other people did the same thing in the Georgia runoff for Senate, and that adds up to $11 million in illegal money and voter fraud to throw the Senate to the Democrats. New information is coming out almost every week, and the fraud is being cut off by state legislatures. The Dems are panicking and trying to change the voter laws on a national level to make legal their fraud of 2020.

Minutes of the Fed meeting in December are out, and the Fed looks like it is worried enough about inflation to do something about it. They can stop the money printing and kill the economy, or they can go full speed ahead with debt monetization and kill the U.S. dollar and probably kill it as the reserve currency of the planet. Tough choice and both are bad. You best be ready and that means own your stuff and cut back on the risk.

Join Greg Hunter of USAWatchdog.com as he talks about these stories and more in the Weekly News Wrap-Up 1.07.22.

(To Donate to USAWatchdog.com Click Here)

After the Wrap-Up:

Narrative Continues to Collapse with Vax, Voter Fraud & Fed

I will see you on MONDAY night/

end

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NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 11 NOTICE(S) FOR 1100 OZ (0.0342 TONNES)

total notices so far: 1175 contracts for 117500 oz (3.6547 tonnes)

24 NOTICE(S) FILED TODAY FOR 120,000 OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

b) REPORT ON JAPAN

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Alasdair Macleod: Money supply and rising interest rates

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

Futures Rise Ahead Of Jobs Data That Could “Wreak Havoc In Markets”

3 a./NORTH KOREA/ SOUTH KOREA

3c CHINA

4/EUROPEAN AFFAIRS

Brussels Airlines Flew 3,000 Empty Flights This Winter, All To Maintain Spots At Major Airports

Omicron Chaos Forces Norwegian Cruise Line To Cancel Sailings Until April

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

5 more vaccinated soccer players DIE of heart attack

‘We’re Gonna Need a Booster in the Fall of ’22 and Forward’ – Moderna CEO Pushes Fourth Covid Jab

36,257 Deaths and 3,244,052 Injuries Following COVID Shots in European Database – Double Vaxxed 13-Year-Old Dies from Heart Attack

January 6, 2022 5:53 pm

Ten Dead Bodies Crammed Into Car Left Outside Mexican Governor’s Office

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

Unvaxxed Aussies Told They Won’t Be Allowed To Exercise Or Go To Work

Czech Tennis Pro Voracova Joins Djokovic In Australian Immigration Detention, Leaves Country

Kazakh President Issues “Shoot To Kill Without Warning” Order As Armed Insurgent Groups Form

White House Blasts “Crazy” Russia-China Statements Accusing US Of ‘Color Revolution’ In Kazakhstan

South African Researchers Say Omicron Might Mark The End Of COVID Pandemic

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

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

USA trading day in Graph Form

Nasdaq 100 Suffers Worst Start To Year Since 2000; Rates & Risk-Parity Routed

Bonds, Stocks Slammed As Hot Wages, Unemployment Data Sparks Surge In Rate-Hike Odds

Who’s Hiring And Who’s Firing In December

December Payrolls Huge Miss Again, Just 199K Jobs Added, As Unemployment Rate Tumbles

Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone

Hell To Pay… For Decades

Sick Is Not Fun

Giving Up

Where Are the Meds?

No Lockdowns

Citi To Fire All Unvaxx’d Unless They Comply With Mandate By Jan 14

Mayo Clinic Fires 700 Unvaccinated Employees Weeks After Nurses’ Warning

“It’s Been Bad Since Christmas” – Subway Service Slows Dramatically As Worker Shortages Cause Mass Delays

Judge Rejects FDA’s 75 Year Delay On Vax Data, Cuts To Just 8 Months

Subscribe to Injecting Freedom

The Vaccine Is A Dud, But That Won’t Stop Push For Digital IDs

Live: Supreme Court To Weigh Biden Vaccine Mandate

Pentagon Further Tightens COVID Restrictions After Secretary Austin Tests Positive

Chip Delivery Times Hit Record As Shortage Worsens

2,200 Flights Canceled As Winter Storm Pounds Northeast

Chicago Cancels School For Third Straight Day Amid Standoff With Teachers Union

Chicago Thieves ‘Boast’ Of Ease Of Store Break-Ins By Dumping Loot On Democrat Governor’s Lawn

Tucker Confronts Cruz For Calling Jan 6th A “Terrorist Attack”, Senator Apologizes For “Sloppy…Dumb” Comments

Narrative Continues to Collapse with Vax, Voter Fraud & Fed

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