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comex notices//JPMorgan notices filed 0/0

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

TOTAL: 0 0
MONTH TO DATE: 1,175

COMEX//NOTICES FILED

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,824.600000000 USD
INTENT DATE: 01/07/2022 DELIVERY DATE: 01/10/2022
FIRM ORG FIRM NAME ISSUED STOPPED

MONTH TO DATE: 1,175

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 0 NOTICE(S) FOR nil OZ (0.000 TONNES)

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

SILVER NOTICES:

0 NOTICE(S) FILED TODAY FOR nil OZ/

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

GLD

WITH GOLD UP $2.00

WITH RESPECT TO GLD WITHDRAWALS: (OVER THE PAST FEW MONTHS): A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.75 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: 977.08 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 9 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 ROSE BY A STRONG 1603 CONTRACTS TO 141,836 AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020.. WITH THE $0.17 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.17) AND 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 STRONG 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) STRONG SIZED COMEX OI GAIN.

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

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS -39

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 6 days, total contracts: : 3639 contracts or 18.195 million oz OR 3.032 MILLION OZ PER DAY. (607 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 3639 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 18.195 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 STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1603 WITH OUR 17 CENT GAIN SILVER PRICING AT THE COMEX// FRIDAY THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 829 CONTRACTS( 829 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 0 OZ EFP TO QUEUE JUMP//NEW STANDING 12.265 MILLION OZ// .. WE HAD A HUGE SIZED GAIN OF 2432 OI CONTRACTS ON THE TWO EXCHANGES FOR 12.168 MILLION OZ//

WE HAD 0 NOTICES FILED TODAY FOR nil OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A TINY SIZED 272 TO 522,799 , 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: -5218 CONTRACTS

THE GOOD SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $8.15//COMEX GOLD TRADING/FRIDAY/.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 SMALL SIZED 2228 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 400 OZ EQUEUE. JUMP//NEW STANDING: 3.7767 TONNES

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $8.15 WITH RESPECT TO THURSDAY’S TRADING

WE HAD A SMALL SIZED GAIN OF 2228 OI CONTRACTS (6.93 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2500 CONTRACTS:

FOR FEB 2500 ALL OTHER MONTHS ZERO//TOTAL: 2500

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 522,799.

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7446, WITH 6998 CONTRACTS INCREASED AT THE COMEX AND 2500 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 7446 CONTRACTS OR 23.16 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2500) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI (272): TOTAL GAIN IN THE TWO EXCHANGES 2228 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 400 OZ QUEUE. JUMP.//NEW STANDING 3.7767 TONNES 3)ZERO LONG LIQUIDATION,4) SMALL SIZED COMEX OI. GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL

SPREADING OPERATIONS

(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF 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 : 21,395 CONTRACTS OR 2,139,500 oz OR 66.55 TONNES (6 TRADING DAY(S) AND THUS AVERAGING: 3565 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 6 TRADING DAY(S) IN TONNES: 66/55 TONNES

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

THUS EFP TRANSFERS REPRESENTS 66.55/3550 x 100% TONNES 1.87% 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 STRONG SIZED 1603 CONTRACTS TO 141,436 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 829 CONTRACTS

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

MAR 829 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 1642 CONTRACTS AND ADD TO THE 829 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 2432 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 12.168 MILLION OZ,

OCCURRED WITH OUR $0.17 GAIN IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

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

3. ASIAN AFFAIRS

i)MONDAY MORNING FRIDAY NIGHT

SHANGHAI CLOSED UP 13.98 PTS OR 0.39% //Hang Sang CLOSED UP 253.16 PTS OR 1.08% /The Nikkei closed HOLIDAY //Australia’s all ordinaires CLOSED DOWN .11% /Chinese yuan (ONSHORE) closed UP 6.3724 /Oil DOWN TO 78.33 dollars per barrel for WTI and DOWN TO 81.28 for Brent. Stocks in Europe OPENED ALL RED // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3724. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3810: /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 FELL BY A SMALL SIZED 272 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 SMALL COMEX INCREASE OCCURRED DESPITE OUR GAIN OF $8.15 IN GOLD PRICING FRIDAY’S COMEX TRADING. WE ALSO HAD A FAIR EFP (2500 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 2500 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 2500 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2500 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 SMALL SIZED 2228 TOTAL CONTRACTS IN THAT 2500 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A SMALL SIZED COMEX OI LOSS OF 272 CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN (3.7767),

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

DEC 2021: 112.217 TONNES

NOV. 8.074 TONNES

OCT. 57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE: 72.289 TONNES

MAY 5.77 TONNES

APRIL 95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

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

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT ROSE $8.15)

AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 6.93 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (3.7767 TONNES)…

WE HAD – 5218 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 2228 CONTRACTS OR 222,800 OZ OR 6.93 TONNES

Estimated gold volume today: 208,297 poor///

Confirmed volume yesterday: 329,226 contracts fair/raid

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

JAN 10/2022

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	899,93 oz Brinks 28 kilobars
Deposit to the Dealer* Inventory in oz*	nil OZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	0 notice(s)nil OZ nil TONNES
No of oz to be served (notices)	36 contracts 3600 oz 0.1119 TONNES
Total monthly oz gold served (contracts) so far this month	1175 notices 117500 OZ 3.654 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 10

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

1 customer withdrawal

i) Out of Brinks: 899.93 oz (28 kilobars)

ADJUSTMENTS: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 36 stand for JANUARY LOSING 7 contracts. We had 11 notices filed on FRIDAY, so we GAINED 4 contracts or an additional 400 oz will stand for

gold in this very non active delivery month of January

FEBRUARY LOST A WHOPPING 33,438 CONTRACTS TO 321,345

March added 487 contracts to stand at 1827..

We had 0 notice(s) filed today for NIL 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 0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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: 36 CONTRACTS ) minus the number of notices served upon today 11 x 100 oz per contract equals 120,700 OZ OR 3.7767 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+ (36) OI for the front month minus the number of notices served upon today (11} x 100 oz} which equals 121,100 oz standing OR 3.7767 TONNES in this NON active delivery month of JAN.

We GAINED 4 contracts or an additional 400 oz of gold will not stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING: 3.7767 TONNES (VERY STRONG FOR A JANUARY DELIVERY MONTH)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

206,468.649, oz NOW PLEDGED /HSBC 6.42 TONNES

174,041.813 PLEDGED MANFRA 5.41 TONNES

54,339.114oz PLEDGED JPMorgan no 1 1.690

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

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

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

Loomis: 18,615.429 oz

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

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 33,641,071.451 OZ (1046.37 TONNES)

TOTAL ELIGIBLE GOLD: 16,032,177.910 OZ (498.77 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 10

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	31,775.100 oz cnt
Deposits to the Dealer* Inventory*	nilOZ
Deposits to the Customer Inventory	579,498.200 ozBrinks
No of oz served today (contracts)	0 CONTRACT(S)nil OZ)
No of oz to be served (notices)	473 contracts (2,365,000 oz)
Total monthly oz silver served (contracts)	1980 contracts 42,250,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

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 1 deposit

into JPMorgan. 579,498.200

JPMorgan has a total silver weight: 184.635 million oz/354.829 million =52.02% of comex

ii) Comex withdrawals: 1

a) out of CNT: 31,775.100 oz

total withdrawal 31,775.100 oz

we had 2 adjustment

i) Out of Brinks 63,114.01 oz adjusted out of the dealer and into the customer account

ii) Out of CNT: 4840.00 oz adjusted out of the dealer and this landed into the customer account of CNT

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.331 MILLION OZ

TOTAL REG + ELIG. 354.829 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 1980 CONTRACTS FOR 45,095,000 OZ

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

NUMBER OF NOTICES FILED TODAY: 0 NOTICES OR nil OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 473 CONTRACTS LOSING 24 contracts on the day

We had 24 notices filed for FRIDAY so we GAINED 0 contracts or NIL additional oz will stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A GAIN OF 7 CONTRACTS UP TO 641

FOR MARCH WE HAD A LOSS OF 385 CONTRACTS DOWN TO 114,587 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 0 for NIL oz

Comex volumes: 47,051 poor// est. volume today

Comex volume: confirmed YESTERDAY: 64,332 contracts (fair/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 (473) and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2021 contract month: 1980 (notices served so far) x 5000 oz + OI for front month of JAN (473) – number of notices served upon today (0) x 5000 oz of silver standing for the JAN contract month equates 12,265,000 oz. .

We GAINED 0 contracts or an additional NIL 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 10/WITH GOLD UP $2.00/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 978.83 TONNES

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 10/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 530.612 MILLION OZ//.

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

LAWRIE WILLIAMS: China gold consumption up 45% yoy

China’s Shanghai Gold Exchange (SGE) has issued its gold withdrawal figures for December and this show’s that this year’s Chinese gold demand is not only 45% higher than in 2020, but also 6.3% up on the 2019 total too. 2020 figures will have been quite severely affected by the Covid-19 pandemic, but 2019 will have preceded this – unless the virus outbreak in China was actually happening earlier than has previously been admitted..

We always assume that SGE gold withdrawal figures approximate to China’s actual demand total as it tends to match known import figures, plus China’s own production, plus an allowance for scrap conversion. The rising amount in 2021 is commensurate with China’s apparent recovery from the virus pandemic. With new infections running at exceptionally low levels compared with the West, due to draconian measures taken to keep any virus spread at an absolute minimum. This was highlighted recently by an imposed extreme lockdown on the cities of Xi’An and Yuzhou as a result of detected virus cases numbering only a tiny handful in the two cities. The severity of the imposed restrictions is highlighted by the lockdown in Yuzhou after only three new cases were detected.

The Chinese gold demand recovery, taken in conjunction with a big rise in Indian gold imports in 2021, bodes well for global gold demand totals in the current year Latest reports show that India imported 1,050 tonnes of gold last year, worth $55.7 billion – the most in over a decade. On these figures, China and India between them imported more gold than the global total of new mined production

The growth in cumulative Chinese and Indian demand figures for the full year compensate for the sum of gold withdfrawals from global gold ETFs so indicate that gold deamd, and the metal’s fundamentals are almost certainly holding up well, which is one of the major positives for gold going forwards. There is also strong demand in North America and in some European and other Asian nations. Assuming this all holds up through the current year – indeed may increase if some major geopolitical tensins come further to the fore, alongside the negative economic effects resulting from the spread of the Omicron virus variant, and of possible variants yet to materialise, we would caution against new investment in general equities or bitcoin and suggest traditional safe havens like gold or silver might be appropriate.

-END-

END

Important gold commentaries courtesy of GATA/Chris Powell

Which banks got the repo loans? and the Fed is even propping up Deutsche bank and its counterparties… please read..

Pam and Russ Martens.

Pam and Russ Martens: Fed’s repo loans propped up Deutschebank and its counterparties

Submitted by admin on Fri, 2022-01-07 11:40 Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, January 7, 2022

Nine days ago the Fed released the names of the Wall Street trading houses that had borrowed a cumulative total of $4.5 trillion in emergency repo loans from the Fed during just the last quarter of 2019.

From September 17, 2019, through July 2, 2020, the same banks had borrowed a cumulative total of $11.23 trillion.

The Fed is slowly doling out the names of the banks and the specific amounts borrowed on a quarterly basis, after eight quarters of time has elapsed. The Fed is releasing the information only because the Dodd-Frank financial reform legislation of 2010 made it a legal obligation of the Fed to do so. The Fed had fought a multi-year court battle with the press after the 2008 financial crisis to keep its secret bailouts to Wall Street firms hidden from the American people.

Strange as it may seem, the same press outlets that battled the Fed in court following the 2008 financial crisis to get the names of the banks and the amounts borrowed have this time around invoked a total news blackout on publishing the names of the banks.

One of the large borrowers under this 2019-2020 Fed facility was not even a U.S. bank. On October 8, 2019, the Fed conducted a one-day (overnight) repo loan operation, offering $37.5 billion. Deutsche Bank Securities, a unit of the giant German bank, took two lots totaling $7.5 billion.

On the same day, Deutsche Bank Securities took another $3 billion of a 14-day term repo loan offered by the Fed, bringing its total borrowing from the Fed on just that one day to $11.5 billion. But the 14-day term loan that Deutsche Bank Securities had previously taken on September 27 for $3 billion had not yet expired, so it actually had an outstanding Fed loan balance at that point of $14.5 billion. …

… For the remainder of the report:

These Charts Are the Smoking Guns in the Fed’s 2019-2020 Emergency Repo Loan Bailouts

END

Sri Lanka runs out of dollars so they had to sell half of their gold goldings 3.6 tonnes

(Economy next/GATA)

Sri Lanka sells monetary gold as forex reserves drop

Submitted by admin on Sat, 2022-01-08 17:45 Section: Daily Dispatches

From Economy Next, Columbo, Sri Lanka
Saturday, January 8, 2022

Sri Lanka liquidated a part of its gold holdings in December 2020 to boost liquid foreign assets in line with a drop in annual foreign reserves holdings, Central Bank Governor Nivard Cabraal said, even as year-end reserves were boosted with a swap from China.

The central bank is estimated to have sold about 3.6 tonnes out of a 6.69 tonne stockpile of gold (about 215,000 troy ounces) it had at the beginning of 2021, leaving it with around 3.0 to 3.1 tonnes of gold.

.In 2020 also the central bank also sold 12.3 tonnes of gold after starting the year with 19.6 tonnes of gold.

The gold sales was to boost liquid reserves, Governor Cabraal said.

“When reserves reduce we reduce the gold holding,” Cabraal said. “We bought gold when foreign reserves were going up.

“Once the reserve levels increase over 5 billion U.S. dollars, CBSL will consider increasing the gold holdings.”

Sri Lanka’s gross foreign reserves picked up to 3,137 million U.S. dollars in December, after dropping to 1,588 million U.S. dollars in November, though reserves are down from 5,665 million dollars at end of 2020.

It is the fourth year running that Sri Lanka has sold gold. …

… For the remainder of the report:

Sri Lanka sells down monetary gold as forex reserves drop

END

No hint of BIS backing off on its gold trades. No hint of Basel iii influence

(Robert Lambourne/GATA)

Robert Lambourne: BIS gold swaps fell slightly in December; no hint of ‘Basel III’ influence

Submitted by admin on Sun, 2022-01-09 14:06 Section: Daily Dispatches

By Robert Lambourne
Sunday, January 9, 2022

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

Click to access statofacc211231.pdf

— contains information suggesting a decrease of about 37 tonnes in the bank’s gold swaps, from 451 tonnes in November to 414 tonnes in December.

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

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

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

The general manager of the BIS at the time, Jaime Caruana, said the gold swaps were “regular commercial activities” for the bank, and he confirmed that they were all carried out with commercial banks and so did not involve other central banks.

Hence it is likely that the recent general level of gold swaps is the highest use of them by the BIS for at least 20 years. It also seems highly likely that the swaps are still all made with commercial banks, because the BIS annual report has never disclosed a gold swap between the BIS and a major central bank.

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

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

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

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

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

The BIS now operates a much smaller gold banking business and the role of gold swaps in this smaller business is far greater.

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

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

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

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

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

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

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

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

—–

Table A — Swaps reported in BIS annual reports.

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

—–

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

—–

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

Month …… Swaps
& year …… in tonnes.

Dec-2…… /414
Nov-21..… /451
Oct-21…… /414
Sep-21 … /438
Aug-21 …. /464
Jul-21 …. /502
Jun-21 …. /471
May-21 …. /517
Apr-21 …. /472
Mar-21…. /490±
Feb-21 ….. /552
Jan-21 …. /523
Dec-20 …. /545
Nov-20 …. /520
Oct-20 …. /519
Sep-20 ….. / 520
Aug-20 ….. / 484
Jul-20 ….. / 474
Jun-20 …. / 391
May-20 …. / 412
Apr-20 …. / 328
Mar-20 …. / 326*
Feb-20 …. / 326
Jan-20 …. / 320
Dec-19 …. / 313
Nov-19 …. / 250
Oct-19 …. / 186
Sep-19 …. / 128
Aug-19 …. / 162
Jul-19 ….. / 95
Jun-19 …. / 126
May-19 …. / 78
Apr-19 ….. / 88
Mar-19 …. / 175
Feb-19 …. / 303
Jan-19 …. / 247
Dec-18 …. / 275
Nov-18 …. / 308
Oct-18 …. / 372
Sep-18 …. / 238
Aug-18 …. / 370

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

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

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

—–

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

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

Despite this reticence the BIS is almost certainly acting on behalf of central banks in taking out these swaps, as they are the BIS’ owners and control its Board of Directors. Indeed, the BIS actually advertises to potential central bank members that its services include secret interventions in the gold market:

http://www.gata.org/node/11012

The BIS’ refusal to explain its activity in the gold market prompts some observers to believe that the bank acts as an agent for central banks intervening surreptitiously in the gold and currency markets, providing those central banks with access to gold as well as protection from exposure of their interventions.

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

—–

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

END

James Turk on his new book explaining why gold is money

(James TurkGATA)

James Turk: My perspective on money and liberty

Submitted by admin on Sun, 2022-01-09 15:24 Section: Daily Dispatches

By James Turk
Free Gold Money Report
Thursday, January 6, 2022

Several people have asked why I wrote “Money and Liberty: In the Pursuit of Happiness & The Theory of Natural Money” —

— while others requested some insight about its content.

My objective was to explain why:

— Gold is money and not an “investment,” which is not well understood these days, even among many in the gold industry whose livelihood depends on gold.

Liberty is dependent upon politically honest money that only gold can provide.

— The environmental degradation we are witnessing globally results from government abandonment of natural money, which of course is gold.

My view is consistent with gold’s 5-000-year history as money and starts to become clear when considering that money is different from currency. Those two words are used interchangeably today, but they are fundamentally different. …

… For the remainder of the analysis:

https://www.fgmr.com/my-perspective-on-money-and-liberty/

END

Here’s Why Record-High Lithium Prices Are Here To Stay

MONDAY, JAN 10, 2022 – 02:45 AM

The price for lithium is hitting fresh record highs as the parabolic growth in the electrification of vehicles by major automakers increases demand.

Mining companies worldwide are scrambling to increase production and develop new sources of the world’s lightest metal.

China, the largest battery-producing country, reported last week that the benchmark price of lithium carbonate was about 300,000 yuan (just over $47k per ton), an increase of about six times from January 2021. Soaring prices come as electric-car makers, such as Tesla, report exponential growth in the US, Europe, and China.

Lithium is one of the essential elements in battery technology powering electric vehicles that steadily replace combustion engines. As the share of electric cars increases, demand for lithium will increase; thus, conventional wisdom would suggest lithium prices will remain elevated until the battery industry develops new mining projects to expand output.

According to Bloomberg NEF, global electric car sales were about 5.6 million in 2021, up from 3.1 million in 2020. The significant increase in sales is due to soaring Chinese demand (as shown in the chart above). Further electric car sales in 2022 will only suggest the demand for lithium will outstrip production and deplete stockpiles, helping to keep prices high.

Gavin Montgomery, research director for battery raw materials at Wood Mackenzie, said lithium prices would not crash this year as they’ve done in previous years.

“We’re entering a sort of new era in terms of lithium pricing over the next few years because the growth will be so strong,” Montgomery said.

The good news is that lithium-ion battery packs have become more affordable over the last decade. In 2010, battery packs were $1,200 per kilowatt-hour but had since plummeted to $132 by 2021. However, today’s soaring prices could increase battery packs to 135 per kilowatt-hour in 2022.

So the pressure is on for the battery industry to secure new lithium supplies to keep battery pack prices low while allowing electric cars to become more affordable for widespread adoption of the green energy revolution.

END

CRYPTOCURRENCIES/

Bitcoin Loses $40k, Ether Below $3k As Cryptos Suffer Worst Start To Year… Ever

MONDAY, JAN 10, 2022 – 09:39 AM

The critical support level of $40,000 was just breached in cryptocurrency-land’s largest asset, pushing bitcoin to its lowest price since August 2021…

Ethereum also tanked, breaking back below $3000 for the first time since Sept 2021…

This is actually the worst start to a calendar year ever for bitcoin, down over 15% since the end of 2021…

The death of cryptos is once again being heralded:

“Cryptocurrencies are likely to remain under pressure as the Fed reduces its liquidity injections,” said Jay Hatfield, chief executive of Infrastructure Capital Advisors. “Bitcoin could end 2022 below $20,000.”
“Tighter Fed policy affects not only interest rates but the equity risk premium as the Fed withdraws funds from the capital markets. Riskier investments such as unprofitable tech, meme stocks and cryptocurrency are disproportionately affected relative to the rest of the market since those investments are approximately twice as volatile as the overall market so have double the risk premium as the average stock,” said Hatfield.

However, not everyone is so armageddon-like. Noelle Acheson, head of market insights at Genesis Global Trading, said Bitcoin’s slump appears to be driven more so by short-term traders of the coin than long-term holders.

According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs. This is unsurprising, given Bitcoin’s overall trajectory since late November, but the extent of losses puts the past few weeks on par with May in terms of longs vs. shorts.

“Bitcoin long liquidation dominance has hit 69%, the highest level since the May 2021 deleveraging event,” researchers commented.
“This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.”

As Cointelegraph reports, while weathering a test of his ideas, Quant analyst PlanB – creator of the stock-to-flow-based BTC price models – nonetheless remains more optimistic than most when it comes to mid-to-long-term price action.

“I know some people have lost faith in this bitcoin bull market,” he acknowledged this weekend.
“However we are only halfway into the cycle (2020-2024). And although BTC experiences some turbulence at $1T, the yellow gold cluster at S2F60/$10T (small black dots are 2009-2021 gold data) is still the target IMO.”

He was referring to the stock-to-flow value for Bitcoin, gold and other assets as part of his stock-to-flow cross-asset (S2FX) model, which calls for an average BTC/USD price of $288,000 during the current halving cycle.

Closer to home, however, a more simplified comparison between Bitcoin this cycle and its two previous ones saw a feasible trajectory beginning with a U-turn now.

And with Bitcoin the most oversold since the March 2020 collapse…

Perhaps dip-buyers will find $40k attractive as an entry point for the next leg.

Notably, another blip from last week already “curing itself” comes from the realm of Bitcoin fundamentals.

After hitting new all-time highs throughout recent weeks, Bitcoin’s network hash rate took a hit when turbulence in Kazakhstan compromised internet availability.

Kazakhstan, home to around 18% of Bitcoin’s hash rate, has since stabilized, allowing the hash rate to mostly return to prior levels of 192 exahashes per second (EH/s).

At one point down to 171 EH/s, responses to what may have reminded some of last May’s China mining ban appear to have lifted the hash rate and preserved record-breaking miner participation.

Bitcoin’s network difficulty, despite the upheaval, still managed to put in a modest increase this weekend and is currently on track to do so again at its next automated readjustment in just under two weeks.

Live Bitcoin hash rate chart screenshot. Source: MiningPoolStats

“Going up forever,” on-chain analyst Dylan LeClair commented about the classic mantra: “price follows hash rate.”

For context, China’s mining rout caused the hash rate to decline by 50%. It took around six months to recoup the losses.

END

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

ONSHORE YUAN: CLOSED UP AT 6.3724

OFFSHORE YUAN: 6.3810

HANG SANG CLOSED UP 253.16 PTS OR 1.08%

2. Nikkei closed HOLIDAY

3. Europe stocks ALL RED

USA dollar INDEX UP TO 96.00/Euro FALLS TO 1.1314-

3b Japan 10 YR bond yield: RISES TO. +.135/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 115.28/ 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:: 78.33 and Brent: 81.28-

3f Gold DOWN/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 DOWN for WTI and DOWN FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.046%/Italian 10 Yr bond yield FALLS to 1.28% /SPAIN 10 YR BOND YIELD RISES TO 0.64%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.33: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.54

3k Gold at $1793.95 silver at: 22.31 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble UP 65/100 in roubles/dollar AT 75.07

3m oil into the 78 dollar handle for WTI and 81 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 115.28 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 .9231– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0447 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: 1.773 UP 1 BASIS PTS

USA 30 YR BOND YIELD: 2.123 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.87

Futures Resume Tumbling After Yields Spike To New 2 Year High

MONDAY, JAN 10, 2022 – 08:02 AM

The new week has picked up where last week left off: with futures selling off and global markets lower as yields continued their relentless treck higher, hitting fresh two year highs (amid concerns of a faster Fed balance sheet drawdown coupled with a massive IG issuance slate forcing managers to put on rate locks in what remains an illiquid market).

US index futures traded down to session lows as US traders sat at their desks after rising modestly earlier in the session, and were down 27 points or 0.6% at 730am…

… while Treasury yields stabilized after reversing an earlier spike rising as high as 1.8064% before dropping to 1.7656% following a global bond selloff last week as investors awaited key inflation data later in the week. Tech stocks again led the decline with Nasdaq futs down 0.63%, while Dow futures were down 0.12% or 44 points. The dollar rose, bitcoin dropped and crude oil steadied around $79 a barrel.

“Market volatility continues to grow almost everywhere,” with lingering uncertainties keeping pressure on sentiment, said Pierre Veyret, technical analyst at ActivTrades. “Traders are likely to wait for new major market drivers before pushing stock prices in new directions. All eyes will remain on monetary policy this week with a new batch of comments from major Fed speakers alongside the crucial U.S. inflation report on Wednesday.”

As Bloomberg notes, markets face increasing volatility as investors grapple with how to reprice assets as the pandemic liquidity that helped drive equities to record highs is withdrawn. The latest U.S. consumer price index data due this week will be keenly watched as the Federal Reserve prepares to subdue price pressures with faster-than-expected rate increases. HSBC strategists raised their S&P 500 year-end target to 4,900 from 4,650, but say this year will be challenging for risk assets and consensus expectations are too sanguine. Watch Adidas and Nike shares after HSBC downgraded its ratings on both to hold from buy, citing a lack of short-term catalysts. Here are some of the biggest U.S. movers today:

BioMarin (BMRN US) shares jump 5.5% in U.S. premarket trading after the biotech firm announced positive results for its hemophilia treatment trial on Sunday.
The bull and bear cases for Adidas (ADS GY) and Nike (NKE US) are “quite balanced from here,” according to HSBC, which downgrades its ratings on both to hold from buy, citing a lack of short-term catalysts.
Zscaler (ZS US) has “plenty of growth levers to pull,” UBS writes in note upgrading the company to buy from neutral. The stock gains 2.5% in premarket trading.
New Oriental’s (EDU US) Chinese ADRs rose 2.2% in U.S. premarket trading, and peer TAL Education (TAL US) gained 2.9% amid news that New Oriental dismissed 60,000 workers in 2021 after ending all K-9 tutoring services. Still, analysts foresee more regulations for the industry this year.

In Europe, the Stoxx 600 Index was slightly down, fading an initial dip through Friday’s lows. The Euro Stoxx 50 is flat, DAX off 0.1%; FTSE MIB and IBEX post small gains. Cyclical stocks in energy firms and banks tied to economic expansion were among the biggest gainers on the Stoxx Europe 600, offsetting declines in technology firms and real estate. Travel is the stand out best performer, the Stoxx 600 sector rising 2.5%, rebounding strongly after an early dip. Atos’s shares slumped as much as 19% to their lowest since June 2012, following a profit warning.

Earlier in the session, Asia’s stocks rose for a second day amid the overhang of rising interest rates, as investors awaited U.S. inflation data this week for further cues on where Treasury yields are headed. The MSCI Asia Pacific Index rallied as much as 0.4%, boosted by financial shares. Hong Kong stocks were among the best performers as technology giants including Tencent and Meituan continued to recoup some of their recent losses, while real estate shares extended a rally on state support. South Korea’s Kospi Index fell 1% to be among the region’s biggest decliners, dragged down by losses in the nation’s large chipmakers and internet stocks. Asia’s stock benchmark capped a loss of 0.5% last week. Omicron’s rapid spread in Asia is clouding the growth outlook for many economies, just as the Federal Reserve’s increasingly hawkish stance roils bond markets and hammers growth stocks including tech shares. “Some market participants may still view this pullback as another healthy correction and potentially an opportunity to buy more,” said Margaret Yang, a strategist at DailyFX, adding that the omicron variant may cause concerns about a delay in reopening among investors.

Japanese markets were closed for a holiday on Monday.

Australian stocks slipped as health-care, consumer shares hit index. The S&P/ASX 200 index fell 0.1% at 7,447.10 as of 4:15 p.m. on Monday in Sydney, after the S&P 500 capped its worst weekly start to a year since 2016. The Australian index was weighed down by consumer discretionary and health-care stocks, while shares in miners and energy firms rose. AGL Energy surged after Credit Suisse raised its recommendation on the stock to outperform from neutral. Reliance Worldwide was the biggest decliner after sliding the most in 14 months intraday. In New Zealand, the S&P/NZX 50 index fell 0.6% to 12,892.94.

In FX, the Bloomberg Dollar Spot Index was steady after earlier advancing and the greenback was mixed against its Group-of-10 peers. The Canadian and Australian dollars along with Norway’s krone were the best G-10 performers amid supportive economic data and commodity prices. Norway’s krone advanced after inflation accelerated more than estimated in December, adding pressure on the central bank to speed up interest-rate hikes. The Australian dollar reversed a drop as exporter demand and solid building data prompted leveraged funds to square short positions. The euro shed around half of Friday’s gains against the dollar and bunds mostly slipped, yet outperformed Treasuries.

In rates, treasury futures were off session lows amid gains for bunds and gilts, with cash yields across the curve still slightly cheaper on the day. Into the U.S. session, yields cheaper by up to 1.2bp across belly of the curve, spreads within 1bp of Friday session close; 10-year yields around 1.778%,lagging bunds and gilts by 1.5bp and 1bp in the sector. As we warned last night, Treasuries are hampered by expectations for another heavy IG credit issuance slate this week, but the market – dumb as always – sees today’s rate locks as indication of more panicked outright selling in rates which it isn’t.

Coupon auctions also resume this week, beginning with 3-year note sale Tuesday and including 10- and 30-year reopenings. Last week’s steep UST selloff resumed during European morning after a recommended market close during Asia session because of Japanese holiday; 10-year yields topped at 1.806% before buyers emerged

In commodities, crude futures are little changed with WTI trading either side of $79 and Brent near $82. Spot gold pushes ~$4 higher near $1,800/oz after a slow start in European hours. Base metals are in the green with LME aluminum outperforming slightly.

Market Snapshot

S&P 500 futures down 0.6% to 4,639.25
STOXX Europe 600 down 0.1% to 485.58
MXAP up 0.4% to 192.99
MXAPJ up 0.6% to 629.71
Nikkei little changed at 28,478.56
Topix little changed at 1,995.68
Hang Seng Index up 1.1% to 23,746.54
Shanghai Composite up 0.4% to 3,593.52
Sensex up 1.1% to 60,402.57
Australia S&P/ASX 200 little changed at 7,447.07
Kospi down 1.0% to 2,926.72
Brent Futures up 0.5% to $82.14/bbl
Gold spot up 0.0% to $1,796.81
U.S. Dollar Index up 0.17% to 95.88
German 10Y yield little changed at -0.03%
Euro down 0.2% to $1.1335

Top Overnight News from Bloomberg

Bond yields are soaring globally in line with Treasuries as investors preparing for the first Federal Reserve interest-rate hike of the pandemic era set aside concern the outbreak will slow their already fragile economies
Major emerging markets are set to report a slowdown in inflation this week, offering clues on when investors can finally shake off the burden of negative real yields
U.K. Foreign Secretary Liz Truss said she’s prepared to unilaterally override parts of the post-Brexit agreement on Northern Ireland if talks with the EU fail
President Vladimir Putin vowed to protect Russia and its ex-Soviet allies from what he called outside efforts to destabilize their governments with public protests, just days after Russian-led troops helped Kazakh authorities subdue nationwide demonstrations
The Biden administration and U.S. allies are discussing possible export controls on Russia, including curbs on sensitive technology and electronics, to be imposed if President Vladimir Putin seizes more of Ukraine, a person familiar with the discussions said
There’s growing evidence that China is encouraging state- owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry

A more detailed look at global markets courtesy of Newsquawk

Asia-Pac markets traded mixed and US equity futures were initially pressured after last Friday’s post-NFP weakness amid higher yields despite the miss on the headline jobs data, as a wider than expected decline in the Unemployment Rate provided evidence of the US moving towards full employment and boosted odds for a rate hike at the March meeting. This resulted in underperformance in consumer discretionary and tech with the latter also not helped by the worst start to the year for the Nasdaq 100 since 2000, while ongoing Omicron woes and the absence of Japanese participants due to Coming of Aged day further added to the uninspired mood. ASX 200 (-0.1%) was subdued as consumer discretionary and tech mirrored the underperformance of their US counterparts and with Australia suffering from the ongoing surge in COVID-19 cases, although loses for the index were cushioned by strength in the commodity-related sectors and better than expected Building Approvals data. KOSPI (-1.0%) continued its descent beneath the 3,000 level as it succumbed to the tech and consumer stock woes, with participants also cautious amid mixed expectations regarding the prospects of another rate hike by the BoK later this week. Hang Seng (+1.0%) and Shanghai Comp. (+0.4%) remained afloat with Hong Kong underpinned as some property concerns eased after Shimao placed all its property projects for sale and Kaisa agreed to the Shenzhen government’s request to generate a plan by end-January to repay wealth management products to investors. Furthermore, China’s Guangdong provincial government held meetings with property enterprises which was said to likely pave the way for state-owned real estate enterprises to conduct M&A with troubled property firms, although not all developers joined in on the spoils as Modern Land reversed initial double-digit gains and slumped almost 40% on resumption from a two-month trading halt with the Co. in talks on a potential debt restructuring plan, while sentiment in the mainland was also contained after China reported its first community transition of the Omicron variant in Tianjin which is a gateway city to Beijing.

Top Asian News

Tencent Nears Deal for Smartphone Maker in Major Metaverse Push
Fintech Startup Pine Labs Said to Seek $500 Million in U.S. IPO
Omicron Flares in China as Variant Inches Closer to Beijing
Shimao Group Holdings Downgraded to B- by S&P

European equities (Euro Stoxx 50 Unch; Stoxx 600 -0.1%) have erased the mild opening gains of around 0.4% as the pick-up from Friday’s losses lost steam early doors. There wasn’t much in the way of a catalyst after the cash open for the price action with not much in the way of fresh developments for the region over the weekend. The handover from the APC region was a mixed one (Japan away from markets) with the ASX (-0.1%) a touch softer amid losses on consumer discretionary and tech names, whilst Chinese bourses (Shanghai Comp. +0.4%, Hang Seng +1.1%) shrugged off COVID angst with property stocks in Hong Kong boosted after Shimao placed all its property projects for sale and Kaisa agreed to the Shenzhen government’s request to generate a plan by end-January to repay wealth management products to investors. Stateside, US futures are mixed (ES Unch, NQ -0.1%, RTY +0.2%) after last week’s losses of 2.5%, 5.7% and 4.1% for the S&P 500 Nasdaq and Russell 2000 respectively. In a note published today, HSBC has raised its S&P 500 target to 4,900 from 4,650 (vs 4,677 close on Friday). The focus in the US remains on the pace of Fed tightening, on which, Goldman Sachs now anticipates a total of four hikes this year beginning in March and for the balance runoff to start in July. Elsewhere, JPMorgan recommends overweighting stocks which are positively correlated to upside in bond yields; banks, autos, mining, energy and insurance. Back to Europe, sectors are painting a relatively mixed picture, with Travel & Leisure names best in class thus far amid support from airline names, whilst Oil & Gas and Banking names are also seen higher with the latter supported by the ongoing favourable yield environment. To the downside, Real Estate names lag with softness observed in UK homebuilders (Persimmon -3.8%, Berkeley -2.8%, Barratt Developments -3.2%) as companies attempt to push back on government plans to resolve the cladding crisis which could result in them footing the bill of as much as GBP 4bln. In terms of stock specifics, Credit Suisse (+1.6%) sits at the top of the SMI following reports in Inside Paradeplatz suggesting rumours of a potential sale or merger of the Co. with UniCredit and BNP Paribas mentioned in the article. To the downside, Atos (-17%) is the standout laggard in the Stoxx 600 after issuing a further profit warning and announcing that it will present a new re-organisation to the board of directors.

Top European News

Gold Extends Weekly Loss as U.S. Bond Yields Continue to Rise
European Natural Gas Declines With LNG Imports at Two-Year High
Putin Vows to Defend Ex-Soviet Allies from ‘Color Revolutions’
Credit Suisse Sale or Merger ‘Rumored’: Inside Paradeplatz

In FX, the DXY has lost some steam after an early resurrection from Friday’s NFP-induced fall under 96.000 (to a 95.710 low), with overnight and early European gains a function of a rise in US yields and a decline in the EUR. US cash yields continue the grind higher with the 10yr eclipsing Friday’s 1.8010% peak, in part spurred (or at least influenced) by Goldman Sachs now expecting four Fed hikes this year alongside faster quantitative tightening, citing above-target inflation. This comes ahead of the CPI metrics on Wednesday – which is expected to see the headline Y/Y at 7.0% and the Core Y/Y at 5.4%; but before that, Fed Chair Powell and 2022-voters (and hawks) George and Bullard are slated for tomorrow ahead of the Fed blackout commencing on the 15th Jan. Back to this week’s inflation metrics and using last week’s PMIs (Markit and ISM) as proxies, the releases are consistent with a rise in CPI and a cooling in PPI in December. Markit noted “Input shortages, transportation delays and upticks in labor costs drove the rate of private sector input price inflation to a fresh series high in December”, whilst ISM suggested “Vendors are trying not to pass on expenses, but their margins are such that they will need to raise prices…Prices continue to be driven up, with shipping costs the largest driver due to inflated pressures on capacity and fuel costs.” From a technical standpoint, the index remains above its 50 DMA (95.838), with the 21 DMA (96.171) the closest point of resistance ahead of Friday’s 96.299 pinnacle, if 96.00 sees a convincing upside break. Ahead, the State-side calendar is light, with 2024-voter Bostic’s speech seemingly postponed.

EUR, GBP – EUR has been offered this morning and stands as the current G10 laggard as GBP/EUR threatens an upside breach of 1.2000 (a 23-month peak), with traders noting potential stops above for GBP/EUR and below the corresponding 0.8333 mark in EUR/GBP. The weekend also saw commentary from ECB-regular Schnabel, who suggested that rising energy prices could require the ECB to act on policy but added there have not been signs so far of broader second-round effects of higher inflation. Eyes remain on the German 10yr cash yield eyeing positive territory. Nonetheless, the ECB policy divergence with the Fed and BoE keeps the single currency subdued against major peers. From a technical standpoint, EUR/USD is back under its 50 DMA (1.1345) with the 21 DMA (1.1308) the next support ahead of 1.1300. Sterling is in turn supported, with GBP/USD testing 1.3600 to the upside at the time of writing – with clean air seen until 1.3650.
AUD, NZD, CAD, JPY – The high-beta FX are the current top performers with the Loonie leading the gains as crude prices remain firm. USD/CAD has dipped under its 100 DMA, (1.2625) for the first time since November last year. The AUD is the next best gainer with copper firm and the AUD/NZD cross topped 1.0600 once again. NZD/USD meanwhile tested but failed to breach resistance at its 21 DMA (0.6787). Conversely to the high-betas, the havens are among the straddlers with USD/JPY off its overnight highs (with Japan also observing a market holiday) and stuck within a 115.55-85 range with upside capped by the recent downside across stocks.

In commodities, WTI and Brent front-month futures have trimmed earlier gains after seeing overnight support with the inflation narrative underpinning prices at the time, although supply woes arising from Kazakhstan (1.6mln BPD) could be abating as production at its largest oilfield comes back online and the President claims the domestic unrest is now under control. In terms of some themes to be aware of: China’s COVID situation will be eyed heading into the Lunar New Year – which is marked as the largest human migration – with COVID restrictions likely to dampen the demand side of the equations. On the geopolitical front, noises out of the Iranian nuclear talks have been more sanguine but progress remains to be seen. Meanwhile, the Russian-Ukraine spat is picking up traction with punch verbal rhetoric from both sides and talks set to take place later in the week. WTI Feb has falling back under USD 79.50/bbl (vs low USD 78.36/bbl) while Brent Mar briefly topped USD 82/bbl (vs low USD 81.20/bbl). In terms of metals, spot gold remains sub-1,800/oz but topped its 100 DMA (1,792/oz) and 21 DMA (1,799/oz) with technical re-eyeing the 200 DMA (1,800/oz) and 50 DMA (1,804/oz) from a technical standpoint ahead of Wednesday’s US CPI. LME copper has been constrained to a tight range above USD 9,500/t amid the overall indecisive mood. Coal meanwhile eyes the potential resumption of Indonesian coal exports, which was paused last week amid domestic power worries. Elsewhere, Vale announced that it has partially suspended trains at the Vitoria-Minas railway amid rain in the Minas Gerais state, but maintained guidance for 2022 iron ore productions of 320-335mln tonnes.

US Event Calendar

10am: Nov. Wholesale Trade Sales MoM, prior 2.2%
10am: Nov. Wholesale Inventories MoM, est. 1.2%, prior 1.2%

DB’s Jim Reid concludes the overnight wrap

Wow. What a start to the year. To be fair it’s felt to us that the Fed have been way behind the curve since the spring of last year. One can argue that a fair degree of this was deliberate due to their move to FAIT which we may look back on in the future as having arrived with very unfortunate timing. The reason we say that is that the policy mostly fights the battle of the last war and not this one where we’ve had genuine helicopter money at a time when the global banking system wasn’t in turmoil and heavily deleveraging as it was in the post-GFC years. To be fair the Fed were starting to catch up with reality late last year but Omicron meant that the market was reluctant to read their more hawkish move as entirely realistic given the risks that the variant presented. However the holiday season provided more evidence that Omicron was notably milder, especially amongst the vaccinated, and the result has been that the market has looked through this more than they were willing to before Xmas whilst at the same time the Fed have become even more hawkish by upping the ante on QT. So a perfect storm.

So in today’s EMR we wanted to start with a detailed review of the events of last week alongside commentary as to what it all might mean. Let’s start with Treasuries. 10 year yields moved +25.2bps higher (+4.1bps Friday) to 1.76%, and finally above the highs reached in 2021. The policy-driven selloff meant most of the gains were in real yields, with 5yr and 10yr real yields climbed an astonishing +32.7bps (+3.4bps Friday) and +32.6bps (+2.3bps Friday) on the week, respectively. It was the biggest weekly climb for both since the wild swings in yields we saw in March 2020. In our 2022 credit outlook we highlighted how rising real yields were much more negative for credit than rising nominal yields. The risk of real yields risking due to a Fed that would have to accelerate tightening was behind our H1 widening view (see the report from November here). We’ll see if it actually materialises though.

The fun and games started on Tuesday when a WSJ story revealed the Fed was considering starting quantitative tightening (QT) earlier in the cycle than they did last time. We didn’t need to wait long for confirmation. Minutes from the December FOMC released the next day revealed that starting QT closer to liftoff and proceeding at a faster pace than last cycle was indeed the position of the Committee. On top of that, there were strong signals that the FOMC thought that full employment and therefore liftoff were right around the corner, and Friday’s jobs numbers (recapped below) did nothing to dissuade that notion.

In turn, our US economics team have updated their Fed call. Full details here, but to recap, they’re moving their liftoff call to the March meeting and calling for four Fed rate hikes in 2022. Although not many economists have yet pencilled in a March hike, Fed Funds futures now price in an 86% chance, up from 63% at the close on New Year’s Eve, just 27% at the end of November and 0% in early October. Our economists also believe that QT will commence after two rate hikes, starting sometime in the third quarter.

The minutes forcefully argued for an aggressive QT program, noting that the Fed needed to signal a strong commitment to fighting inflation, that the balance sheet was large compared to GDP, and the imposition of the new standing repo facility should alleviate strains in money and Treasury markets that may arise from a drawdown of their portfolio. Notably, Fed presidents spanning the dove-hawk spectrum came out in support of a relatively soon start to QT in subsequent communications, with both President Daly and Bullard giving their blessing.

When QT starts, its pace, and how its decomposed between Treasury and MBS remain unknowns, but the communications had the desired effect of tightening financial conditions. After being unresponsive to the start of taper and subsequent doubling of the pace, Fed policymakers probably welcomed this tightening, although this can be a fine line to tread. All told, more than 3 hikes are priced into markets during 2022 but you would have to say that unless financial conditions notably tighten then all seven meetings from March to the end of 2022 are now potentially in play.

The increase in yields and steepening of curves reverberated through other advanced economy sovereign bond markets. 10yr gilt and bund yields increased +20.7bps (+2.2bps Friday) and +13.4bps (+1.8bps Friday) respectively. 10yr bund yields finished the week at -0.04%, approaching positive territory for the first time since spring 2019.

US equity markets took some collateral damage due to the yield selloff. The S&P 500 dropped -1.87% (-0.41% Friday), with discount exposed sectors such as large technology (FANG -2.77%, -0.60% Friday) and real estate (-4.94%, -0.55% Friday) the biggest losers. The drop in tech stocks sent the NASDAQ down -4.53% on the week (-0.96% Friday). Of course, steeper yield curves boosted financial stocks, with the S&P 500 bank index up +9.37% (+1.50% Friday). As you’ll see below, a few US financials will kickoff earnings season late this week. European equity indices proved much more resilient, with the STOXX 600 (-0.32%, -0.39% Friday), DAX (+0.40x%, -0.65% Friday), and CAC (+0.93%, -0.42% Friday) all finishing within a percent of the prior week’s close.

Oil prices climbed to start the year. OPEC+ announced they would proceed with the expected modest 400k barrel per day increase to production in February; Brent and WTI futures increased +5.10% (-0.83% Friday) and +4.91% (-1.24% Friday), respectively.

On the Covid front, a number of advanced economies registered record positive one-day case counts, including the US breaching a mind-boggling 1 million daily cases. Nevertheless, there were signs for optimism, as London, an early victim of Omicron, saw ventilator usage hit its lowest mark since mid-October coupled with a decline in positive test rates. Prime Minister Johnson remarked further lockdowns were not likely in response to Omicron, suggesting we’re moving toward an official policy of living with and adapting to Covid.

December employment data in the US showed the economy was rapidly approaching full employment. The unemployment rate sank to 3.9%, below the FOMC’s estimate of the longer-run rate of 4.0% which might be too low post covid. Headline payroll gains were below the expectations of +450k, printing at +199k, though the prior two months were revised higher. Average hourly earnings increased to +0.6%, beating expectations, while the prime-age employment-population ratio increased 0.2pps. Taken in concert, the data were consistent with an FOMC expecting the economy to reach full employment “relatively soon”, as described in the December minutes, and thus enabling the March rate hike our economists now expect. The Fed have long been way behind the curve and they are now starting to catch up with markets now finally listening.

Staying with a central bank theme, ECB board member Schnabel gave a very interesting speech over the weekend where she became the first major central bank speaker to acknowledge the risk of higher inflation with the energy transition away from carbon. Clearly this is a medium to longer-term theme but it’s been one of the reasons we’ve felt this decade will see notably higher structural inflation than the last one.

The highlight of the week ahead will clearly be US CPI on Wednesday. The Fed goes into pre-FOMC blackout at the weekend and all this week’s Fedspeak will therefore be very closely watched as the committee are moving very rapidly at the moment towards an ever tightening bias in their commentary. Even the doves are coming over to the other side. Elsewhere we start US earnings season, albeit slowly and late in the week with some important financials reporting. In terms of other data, this week sees a slew of hard US data for December with PPI (Thursday) and retail sales and industrial production on Friday alongside consumer sentiment.

There’ll also be some interest in Fed Chair Powell’s nomination hearing for a second term as Fed Chair, which is taking place before the Senate Banking Committee tomorrow. There’ll also be Governor Brainard’s nomination hearing to become Fed Vice Chair, which is taking place on Thursday. Both positions do require Senate confirmation, although last time in January 2018 Chair Powell was confirmed by a large bipartisan majority of 84-13. So a formality but there might be a fair bit of probing of their leadership

Previewing US CPI, recent months have seen consistent upside surprises as inflation has increasingly broadened out, and it’s now the case that 7 of the last 9 CPI releases have seen the monthly headline increase come in above the consensus among economists on Bloomberg, which just demonstrates how this has taken a lot of people by surprise. In terms of what to expect this time round, our US economists are projecting that year-on-year inflation will move higher once again, with an increase to +7.0%, which would be the fastest pace of inflation since 1982, back when Ronald Reagan was in his first term as president. Interestingly though, they think we could be at a turning point with December marking the peak in the year-on-year readings. For more information, take a look at our economists’ inflation outlook (link here) .

As discussed, earnings season will slowly get going this week, with a number of US financials among those reporting. The highlights include Delta Air Lines on Thursday, before we hear from Citigroup, JPMorgan Chase, Wells Fargo and BlackRock on Friday.

END

3. ASIAN AFFAIRS

i)MONDAY MORNING FRIDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///SOUTH KOREA

END

3B JAPAN

Japan drops all vaccine mandates and places moycarditis warnings on label

Brisbane National Review…

Japan Drops All Vaxxine Mandates, Places Myocarditis Warning on Label

Brisbane National Review – Breaking News, AUS News

Japan Drops All Vaxxine Mandates, Places Myocarditis Warning on Label

By The Remnant News Paper | Press Release

First, Japan’s health ministry acknowledged the growing rate of heart inflammation among the vaccinated population. Then Japan’s public and private sectors were alerted to the fact and forbidden to discriminate against those who refuse the COVID vaccine. Furthermore, Japan has made it clear that “informed consent” is required to receive the vaccine. Japan now insists the vaccine labels warn of dangerous potential side effects such as myocarditis.
_____________

NHK-Japan (Japan Broadcasting Corporation) | Japan’s health ministry has listed inflammation of the heart muscle and of the outer lining of the heart in younger males as possible serious side effects of the Moderna and Pfizer COVID vaccines.

It says that as of November 14, out of every one million males who had the Moderna vaccine, such side effects were reported in 81.79 males aged 10 to 19 and 48.76 males in their 20s.

The figures were 15.66 and 13.32 respectively for those who had the Pfizer vaccine.

The ministry held a panel of expert on Saturday [Dec. 4] and proposed warning of the risk by printing “serious side effects” on the documents attached to the vaccines.

It will also require hospitals to report in detail incidents involving people who developed the symptoms within 28 days after being vaccinated, according to the law.

The plan was approved by the panel, and the ministry will notify municipalities.
__________________

RairFoundation.com | Japan announces that public and private sectors can not discriminate against those who refuse the experimental mRNA gene therapy injections.

Japan is now labeling Covid “vaccines” to warn of dangerous and potentially deadly side effects such as myocarditis. In addition, the country is reaffirming its commitment to adverse event reporting requirements to ensure all possible side effects are documented.

These efforts from Japan’s health authority are in stark contrast to the deceptive measures taken by other countries to coerce citizens into taking the injection, downplaying side effects, and discouraging proper adverse event reporting.

Additionally, Japan is emphasizing informed consent and bodily autonomy. Until the coronavirus pandemic, the concept of “informed consent” was considered sacred to healthcare professionals in the West.

Japan is particularly raising concerns about the risks of myocarditis in young men injected with Pfizer or Moderna’s gene–therapy treatment. The country is enforcing a strict legal reporting requirement of side effects that must take place within 28 days of the injections.
_______________

BROWNSTONE INSTITUTE | Japan’s ministry of health is taking a sensible, ethical approach to Covid vaccines. They recently labeled the vaccines with a warning about myocarditis and other risks. They also reaffirmed their commitment to adverse event reporting to document potential side-effects.

Japan’s ministry of health states: “Although we encourage all citizens to receive the COVID-19 vaccination, it is not compulsory or mandatory. Vaccination will be given only with the consent of the person to be vaccinated after the information provided.”

Furthermore, they state: “Please get vaccinated of your own decision, understanding both the effectiveness in preventing infectious diseases and the risk of side effects. No vaccination will be given without consent.”

Finally, they clearly state: “Please do not force anyone in your workplace or those who around you to be vaccinated, and do not discriminate against those who have not been vaccinated.”

They also link to a “Human Rights Advice” page that includes instructions for handling any complaints if individuals face vaccine discrimination at work.

Other nations would do well to follow Japan’s lead with this balanced and ethical approach.

This policy appropriately places the responsibility for this healthcare decision with the individual or family.

We can contrast this with the vaccine mandate approach adopted in many other Western nations. The U.S. provides a case study in the anatomy of medical coercion exercised by a faceless bureaucratic network.

A bureaucracy is an institution that exercises enormous power over you but with no locus of responsibility. This leads to the familiar frustration, often encountered on a small scale at the local DMV, that you can go round in bureaucratic circles trying to troubleshoot problems or rectify unfair practices. No actual person seems to be able to help you get to the bottom of things—even if a well-meaning person sincerely wants to assist you.

Here’s how this dynamic is playing out with coercive vaccine mandates in the U.S. The CDC makes vaccine recommendations. But the ethically crucial distinction between a recommendation and mandate immediately collapses when institutions (e.g., a government agency, a business, employer, university, or school) require you to be vaccinated based on the CDC recommendation.

Try to contest the rationality of these mandates, e.g., in federal court, and the mandating institution just points back to CDC recommendation as the rational basis for the mandate. The court will typically agree, deferring to the CDC’s authority on public health. The school, business, etc., thus disclaims responsibility for the decision to mandate the vaccine: “We’re just following CDC recommendations, after all. What can we do?”

But CDC likewise disclaims responsibility: “We don’t make policy; we just make recommendations, after all.”

Meanwhile, the vaccine manufacturer is immune and indemnified from all liability or harm under federal law. No use going to them if their product—a product that you did not freely decide to take—harms you.

You are now dizzy from going round in circles trying to identify the actual decision-maker: it’s impossible to pinpoint the relevant authority. You know that enormous power is being exercised over your body and your health, but with no locus of responsibility for the decision and no liability for the outcomes.

You are thus left with the consequences of a decision that nobody claims to have made. The only certainty is that you did not make the decision and you were not given the choice.

Japan’s policy avoids most of these problems simply placing responsibility for the decision on the individual receiving the intervention, or the parent in the case of a child who is not old enough to consent.

Incidentally, this focus on choice and freedom was somewhat reflected in Japan’s policies throughout the pandemic, which were less stringent that most countries, including those in the U.S.

Original source: https://remnantnewspaper.com/web/index.php/headline-news-around-the-world/item/738-japan-will-not-discriminate-against-vaccine-hesitant-puts-myocarditis-on-covid-vax-label-s-list-of-serious-side-effects

end

3c CHINA

CHINA/COVID

China’s large port of Tianjin, just a 30 minute drive from Beijing has been hit with Omicron. Lockdowns intensifies a head of the Winter Olympics.

(zerohedge)

China Seals Off Tianjin As Omicron Outbreak Intensifies With Olympics Just Weeks Away

MONDAY, JAN 10, 2022 – 11:25 AM

With the provincial capital of Xi’an still locked down more than two weeks after the start of its latest outbreak, the Chinese public has been shocked to see that despite the CCP’s “war-like” approach to combating COVID, the country hasn’t been spared from the latest global wave more than two years after the virus first burst out of Wuhan to infect the world.

Making matters worse, the CCP are imposing new restrictions on the city of Tianjin, which is just a 30-minute drive from Beijing. The Chinese authorities on Monday confirmed 2 omicron cases in Tianjian, but suspect more than 30 more. The source of the cases hasn’t been disclosed, but are already “third generation.”

So far, Tianjin has confirmed a total 31 local cases of COVID and 10 asymptomatic infections, according to Xinhua.

Chinese social media users have already decreed Tianjin as the front line of China’s battle against omicron. As a result, travel into and out of the city has been suspended, with anyone hoping to do so required to obtain a special permit. What’s more, two cases of omicron have been detected in the city of Henan over the weekend. There were 60 reported cases in three cities in the central province.

More than 75K people have been quarantined in Tianjian, and many are already bracing for the kind of harsh lockdown measures already imposed in Tianjin.

Moreover, Tianjin isn’t the only Chinese city where new cases of omicron are festering. Two cases of omicron were also confirmed in the central Chinese province of Henan on Saturday.

Authorities are also preoccupied with an outbreak in Shenzhen, where four locally acquired cases of the delta variant have been found since Friday, when a married couple tested positive during a routine screening.

According to the SCMP, an epidemiological investigation has determined that the origin of the strain discovered in Shenzen, a critical border city in southern China across the way from Hong Kong, isn’t the same as that causing other local cases elsewhere in China. The new cases in Shenzen are the first to be reported in the city, sometimes referred to as China’s Silicon Valley, since May 2020.

Amusingly, as Beijing searches for an explanation for what’s driving the latest outbreak, the SCMP reports that the first person to test positive is believed to have been infected after coming in contact with “contaminated goods” from overseas, echoing China’s excuses that packaging on imported seafood and meat products was responsible for outbreaks – an excuse Beijing regularly abused back in 2020.

As a result, authorities have sealed off apartment buildings where the infected individuals lived, and have imposed compulsory mass testing for Shenzen’s 12.5M residents in accordance with Beijing’s “COVID Zero” playbook. Residents have been asked not to travel, and anybody wishing to do so must have a negative COVID test from the last 48 hours.

Across China, 157 new COVID cases were reported on Monday, including 97 stemming from local infections, per the NHC via the CCP-controlled Global Times. 15 of these cases were from Xi’an, showing that despite the lockdown, the virus has still managed to spread. Keep in mind, the Chinese government has a reputation for dramatically playing down case numbers.

Finally, the outbreak in Shenzen is expected to delay a planned reopening of the border between HK and Shenzen that would allow some limited travel between the two cities.

The big question now: how much will these latest flareups disrupt port operations and chip factory operations. As a reminder, Samsung and Micron have recently warned that the intense lockdown in Xi’an had impacted operations at their local manufacturing facilities in the city, threatening to intensify the global chip shortage.

Meanwhile, the port city of Ningbo is also dealing with a partial lockdown.

end

Another hit for a big Chinese company as Xi issues another crackdown. New Oriental Education and Tech fires 60,000 workers

(zerohedge0

British Military Deploys 200 People To London Hospitals As Staffing Shortages Bite

SATURDAY, JAN 08, 2022 – 07:35 AM

The UK is deploying a 200-strong cadre of military personnel – including 40 doctors – to aid hospitals in London as the omicron surge has left too many staffers unable to work in Britain’s most densely populated city.

40 of the 200 are doctors, while the other 160 personnel, who have no medical training, will check in patients, ensure stocks are maintained and will also be “conducting basic checks”, according to the Ministry of Defence.

They are expected to continue working with the NHS at least through the end of the month, if not longer. And some have already started.

Just two days ago, PM Boris Johnson said he hopes to “ride out” the current COVID surge without any lockdowns or other restrictions on the public. But the deployment of the military doctors and other personnel would help alleviate the NHS’s struggles, as the public health system is “temporarily overwhelmed” by omicron.

Previously, we reported that the NHS was building field hospitals to help deal with the surge in patients across England. However, the situation has grown particularly acute in London, where thousands of NHS staff have been off work each week. Last month became the first part of the country to see a huge wave of COVID cases caused by the new strain, leaving hospitals struggling to cope with unprecedented staffing shortages.

One NHS third party provider who spoke with the Guardian said he welcomed the additional personnel, but said that their arrival underlined the severity of the NHS’s problems.

Chris Hopson, the chief executive of hospitals group NHS Providers, welcomed the assistance from personnel from what is thought to be all three armed forces. But he said that their arrival underlined the extent of NHS understaffing.
“Trust leaders will welcome the support of colleagues from the armed forces during what continues to be an incredibly challenging time for the NHS in London.”
“The fact that we need to call upon army medics and general duty personnel at all underlines the sheer scale of the workforce challenges the NHS is facing.”
“The experience of the pandemic makes plain underlying issues which need resolution – the need for a national long-term plan for the health and care workforce, ongoing challenges with vacancies and recruitment pre-dating the pandemic by a number of years.”

The decision to send in the military comes after the UK reported 179,756 new COVID cases on Thursday alone, with the number of people infected with the Omicron variant continuing to increase rapidly. Deaths have ticked higher in recent weeks, but only slightly.

Military personnel have helped out in hospitals during earlier waves of the pandemic, and they continue to aide the ambulance services in Wales and Scotland while also helping out with the booster program. However, some organizations – including the Royal College of Nursing – have raised questions about whether the military personnel being deployed to London have the necessary skills.

end

Protests against the vaccinations continue in Europe but that does not stop the leaders from doubling down on demonizing the unvaxxxed

(zerohedge)

European Leaders Double Down On Demonizing Unvaxx’d But Jabs Fail To Stop Transmission

MONDAY, JAN 10, 2022 – 04:15 AM

As more Americans and Europeans grow to doubt the credibility of their government’s response to omicron, several European leaders are embracing notably harsh rhetoric that might risk alienating more members of the public as they try to demonize those who have refused to take the vaccines.

We have already written about how French President Emmanuel Macron has denounced “anti-vaxxers” as “non-citizens” while vowing to “piss them off.” But he’s not alone, which begs the question: are leaders lashing out at a new boogeyman as they grow more desperate to double down and push vaccines, even as the omicron wave has demonstrated their myriad shortcomings. Just ask all the boosted celebrities who have tested positive, or even been hospitalized, with COVID.

Macron

In the UK, PM Boris Johnson dismissed their concerns as “nonsense”.

German Chancellor Olaf Scholz, who supports making shots compulsory, has labeled the anti-vax movement “a tiny minority of reckless extremists.”

Source: Bloomberg

With about 70% of Europe’s population vaccinated, politicians apparently feel emboldened to attack the holdouts. And even as Macron has doubled down on his rhetoric, thousands marched on Saturday involving several thousand people gathering across France to protest against restrictions for the non-vaccinated, brandishing placards denouncing Macron’s choice of language and his government’s latest efforts.

France’s new measures bar the unvaccinated from restaurants and bars, despite the fact that most people who are being infected are being infected by the already vaccinated – and evidence suggests that vaccines to almost nothing to limit spread.

And France isn’t alone. Neighboring Italy on Wednesday made shots compulsory for people over 50, though the fine of €100 ($113) for non-compliance has deliberately been kept low.

After becoming one of the first European nations to lock down this past fall as cases climbed, Austria is now barring the unvaccinated from most areas of public life.

Some would even say Germany, Europe’s biggest economy, is already in what some officials have described as a “lockdown of the unvaccinated,” with strict limits on access to theaters and other leisure activities.

“Anyone who hasn’t been immunized is endangering themselves,” Scholz said.

But even if that is true, can we really say they’re putting the vaccinated at risk?

end

Special thanks to Robert H for sending this to us:

Over 160 Cases Of ‘Flurona’ Found in England – News Punch

Inbox

The endless parade of variants….
Will that be booster 4 or 5 ?
What balderdash, variants are to be expected and we cannot hide under the mattress every time a new one is identified nor can the world be kept in lockdowns without an implosion of society. We already see distinct signs of collapse as even rapid transit is being reduced due to personnel shortages and diminished usage. People are simply adapting to alternative lifestyles to cope with the madness of irrelevant policy.
As it is, the supply Chains are broken and shortages exist in everything from snow tires to chips to food stuffs. And this situation will only worsen until it is addressed. Sadly, we are surrounded by fools acting as leadership in government. Reactions to this are underway and the picture is not pretty. When the public wakes up and say NO. It is only a matter of time before NO comes with muscle. Sadly, it seems this will be the way forward in many countries and this will also act as a supply chain disrupter creating more issues. Try and find plastic pipe or quality lumber. As for skilled trades, everywhere there are shortages of personnel and costs are rising as timelines stretch to do anything.

https://newspunch.com/over-160-cases-of-flurona-found-in-england/

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA/UK//

UK preparing “high impact” sanctions on Russia over the Ukraine. Somehow the UK is overlooking what NATO is doing fortifying their defenses

inside Ukraine, Poland and other former Russian satellites

(DeCamp/Antiwar.com)

UK Preparing “High Impact” Sanctions On Russia Over Ukraine

SATURDAY, JAN 08, 2022 – 07:00 AM

Authored by Dave DeCamp via AntiWar.com,

On Thursday, British Foreign Secretary Liz Truss warned Russia that the UK is working on “high impact” sanctions Western powers could implement over allegations that Moscow is plotting to invade Ukraine.

“We will not accept the campaign Russia is waging to subvert its democratic neighbors,” Truss told Parliament, as reported in Reuters. “They have falsely cast Ukraine as a threat to justify their aggressive stance.”Russian Defense Ministry image showing war games off Crimea last year.

“The UK is working with our partners on these sanctions, including high impact measures targeting the Russian financial sector and individuals,” Truss added.

For their part, the Russians have strongly denied the claim that they are planning to invade Ukraine. Russian President Vladimir Putin is concerned with the increased US and NATO presence in the region and is seeking security guarantees that NATO won’t expand further eastward.

Truss insists that Russia is the “aggressor” and that NATO has always been a “defensive alliance,” although since the Soviet Union collapsed, NATO has waged wars of aggression in the Balkans and across the Middle East and North Africa.

Truss’ language on sanctions echoes what is coming out of Washington. The US has warned Moscow of “severe” sanctions that would aim to isolate Russia from the global financial system. In a call with President Biden last week, Putin said such sanctions could lead to the end of US-Russia relations.

On Friday, Truss and other NATO foreign ministers will hold virtual talks on Ukraine ahead of planned meetings with Russia. On January 10th, US and Russian officials will meet in Geneva to discuss Moscow’s concerns. On January 12th, NATO will hold a meeting with Russian officials in Brussels.

end

IRAN/USA/ISRAEL

Iran Hails Nuke Talk Progress, But Israel Warns: ‘We Won’t Be Bound By Any Deal’

MONDAY, JAN 10, 2022 – 03:10 PM

On Monday Iran’s foreign ministry hailed “progress” by “all parties” during the latest round of ongoing nuclear talks in Vienna. Compared to the prior pessimism coming out of the US side (which is negotiating in Vienna indirectly), the fresh statements are a rare bright spot suggesting a final restored JCPOA deal could actually be in sight.

“There has been good progress on all four issues of removing sanctions, nuclear issues, verification and obtaining guarantees” Iran’s foreign ministry spokesman Saeed Khatibzadeh told a Monday press conference. He cited “the result of the efforts made by all parties to reach a stable agreement”.Image: Office of the Prime Minister, i24 News

“We are seeking a reliable and stable deal,” Khatibzadeh said. “If the other party thinks an unstable and unreliable agreement is to their benefit, this is not what the Islamic Republic is after.” On Sunday the Iranian foreign minister Hossein Amir-Abdollahian asserted that both sides are nearing a “good agreement”, according to the AFP.

French Foreign Minister Jean-Yves Le Drian appears to be in agreement, having said days ago that talks are progressing on a “rather positive path”. He said that momentum must be maintained toward a speedy resolution if a firm deal is to be reached.

But Israel, which is not part of the talks as it was not a signatory to the 2015 JCPOA, is continuing to put pressure on all sides with an ultimate aim of derailing negotiations. In a Monday address to the Knesset’s foreign affairs and defense committee, Israeli Prime Minister Naftali Bennett said his country won’t be bound by any future deal reached.

“In regard to the nuclear talks in Vienna, we are definitely concerned…Israel is not a side to the agreements. Israel is not bound by what will be written in the agreements, if they are signed,” Bennett said.

He pledged this means that Israel will retain “freedom of action” – meaning a military strike – no matter what kind of deal is reached with Western powers in Vienna. He vowed that “Israel will continue to maintain full freedom of action anywhere, any time, with no constraints.” Tel Aviv believes the talks are merely Tehran’s cover to buy more time to advance a covert nuclear weapons program, while the Iranians insist it’s for peaceful nuclear energy development.

Within the last months Israel’s military has increased its attacks on what it calls ‘Iranian assets’ inside Syria, including two recent major strikes on Syria’s vital Latakia port. Israeli media and officials said Iranian weapons shipments were targeted, while Damascus has said food and imported goods in shipping containers were destroyed in the aggression.

6.Global Issues

CORONAVIRUS/UPDATE/VACCINE MANDATE

Life insurance policies can refuse payouts for the jabbed because covid vaccines are “medical experiments”

Thursday, January 06, 2022 by: Ethan Huff
Tags: badhealth, badmedicine, claims, COVID, insurance policies, life insurance, medical experiments, OneAmerica, Vaccine deaths, Vaccine injuries, vaccine wars, vaccines

Natural News) Getting “vaccinated” for the Wuhan coronavirus (Covid-19) could mean losing your life insurance coverage.

According to reports, many who took the experimental gene therapy from Donald Trump’s “Operation Warp Speed” program are now coming to the realization that their death benefits have been voided.

Apparently the life insurance industry considers the emergency use-authorized injections to be an “experimental medical intervention” – which is exactly what they are. Consequently, they do not qualify for a payout.

Only vaccines that have undergone the normal testing and vetting process are covered, in many cases. Trump’s rushed-to-market injections, conversely, are not covered.

“Some insurers are delaying applications if you are currently testing positive for coronavirus and need to provide medical evidence, but this does not mean you cannot apply again in the future,” reports indicate.

Some insurers are still covering their existing clients who got jabbed while others are “delaying” applications for new clients who got their shots before applying.

Among the questions that life insurance carriers are now asking their potential clients include the following:

• Have you tested positive for coronavirus?
• Are you currently in self-isolation?
• Have you had any symptoms of coronavirus?
• Have you been in direct contact with anyone who has been diagnosed or suspected of having a coronavirus?

“Note in the last question that it asks about having a coronavirus, not just the ‘novel’ coronavirus,” reports Principia Scientific.

“This means that anyone who is testing ‘positive’ for any coronavirus, including the one associated with the common cold, could be denied life insurance coverage.”

Answering yes to any of the above questions could result in an applicant’s decision being “delayed” until he or she has “recovered.”

“The decisions may vary between insurers,” reports explain.

Covid “positive” patients could be denied coverage until they recover

People who simply test “positive” for the virus but do not necessarily show symptoms could also be denied coverage, at least until they fully “recover” (meaning a “negative” test).

Even testing positive for the common cold, which is a type of coronavirus, could disqualify a person from coverage until he or she is able to procure a negative test suggesting a clean bill of health.

“High-risk” people who answer yes to any of the aforementioned questions could be denied coverage forever if they also have other health conditions such as diabetes, asthma, autoimmune disease or heart disease.

“This is why getting tested and playing the plandemic game is a no-go for people who still want their lives to be insured for the safety and protection of their families in the event that they die from the vaccine or some other cause,” Principia Scientific reports.

Since SARS-CoV-2, as they are calling it, has never actually been isolated, there is no true test for it that could ever be accurate. Not only that, but the jabs themselves have been shown to potentially prevent a person from ever acquiring true and lasting immunity.

“They created a phantom and capitalized on public trust to pretend that suddenly people were dying of it and the crappy false PCR test used to confirm the fiction, when people, particularly the elderly were not dying in any more numbers than normal,” one commenter wrote.

“The scare of the virus did kill some people because of abused and neglected medical care, such as the over use of ventilators and making sure that the elderly got ill by placing sick people in their presence. Overall, the flu season, aka Covid-19, was not a bad one.”

The latest news about the Chinese Virus can be found at Pandemic.news

end

International Criminal Court proceedings to begin next week:

Special thanks to Milan S for sending this to us:

Fuellmich January update

Inbox

https://tv.gab.com/channel/white__rabbit/view/lawyer-reiner-fuellmich-provides-january-update-61d8c11f4ab67d9174c2f8a4

Special thanks to Robert H for sending this great article to us:

More Good News on Ivermectin

By Joseph Mercola January 6, 2022 Updated: January 6, 2022biggersmaller Print

When it comes to the treatment of COVID-19, many Western nations have been hobbled by the politicization of medicine. Throughout 2020, media and many public health experts warned against the use of hydroxychloroquine (HCQ), despite the fact that many practicing doctors were praising its ability to save patients. Most have been silenced through online censorship. Some even lost their jobs for the “sin” of publicly sharing their successes with the drug.

Another decades-old antiparasitic drug that may be even more useful than HCQ is ivermectin. Like HCQ, ivermectin is on the World Health Organization’s list of essential drugs, but its benefits are also being ignored by public health officials and buried by mainstream media.

Ivermectin is a heartworm medication that has been shown to inhibit SARS-CoV-2 replication in vitro. In the U.S., the Frontline COVID-19 Critical Care Alliance (FLCCC) has been calling for widespread adoption of Ivermectin, both as a prophylactic and for the treatment of all phases of COVID-19.

In the video above, Dr. John Campbell interviews Dr. Tess Lawrie about the drug and its use against COVID-19. Lawrie is a medical doctor and Ph.D. researcher who has done a lot of work in South Africa.

She’s also the director of Evidence-Based Medicine Consultancy Ltd., which is based in the U.K., and she helped organize the British Ivermectin Recommendation Development (BIRD) panel and the International Ivermectin for COVID Conference, held April 24, 2021.

Ivermectin Useful in All Stages of COVID

What makes ivermectin particularly useful in COVID-19 is the fact that it works both in the initial viral phase of the illness, when antivirals are required, as well as the inflammatory stage, when the viral load drops off and anti-inflammatories become necessary.

According to Dr. Surya Kant, a medical doctor in India who has written a white paper on ivermectin, the drug reduces replication of the SARS-CoV-2 virus by several thousand times. Kant’s paper led several Indian provinces to start using ivermectin, both as a prophylactic and as treatment for COVID-19 in the summer of 2020.

In the video, Lawrie reviews the science behind her recommendation to use ivermectin. In summary:

A scientific review by Dr. Andrew Hill at Liverpool University, funded by the WHO and UNITAID and published January 18, 2021, found ivermectin reduced COVID-19 deaths by 75%. It also increased viral clearance. This finding was based on a review of six randomized, controlled trials involving a total of 1,255 patients.
Lawrie’s meta-analysis, published February 8, 2021, found a 68% reduction in deaths. Here, 13 studies were included in the analysis. This, she explains, is an underestimation of the beneficial effect, because they included a study in which the control arm was given HCQ.Since HCQ is an active treatment that has also been shown to have a positive impact on outcomes, it’s not surprising that this particular study did not rate ivermectin as better than the control treatment (which was HCQ).
Adding two new randomized controlled trials to her February analysis that included data on mortality, Lawrie published an updated analysis March 31, 2021, showing a 62% reduction in deaths.When four studies with high risk of bias were removed during a subsequent sensitivity analysis, they ended up with a 72% reduction in deaths. Sensitivity analyses are done to double-check and verify results.

Doctors Urge Acceptance of Ivermectin to Save Lives

As mentioned earlier, in the U.S., the FLCCC has also been calling for widespread adoption of ivermectin, both as a prophylactic and for the treatment of all phases of COVID-19.

FLCCC president Dr. Pierre Kory, former professor of medicine at St. Luke’s Aurora Medical Center in Milwaukee, Wisconsin, has testified to the benefits of ivermectin before a number of COVID-19 panels, including the Senate Committee on Homeland Security and Governmental Affairs in December 2020, and the National Institutes of Health COVID-19 Treatment Guidelines Panel January 6, 2021. As noted by the FLCCC:

“The data shows the ability of the drug Ivermectin to prevent COVID-19, to keep those with early symptoms from progressing to the hyper-inflammatory phase of the disease, and even to help critically ill patients recover.
Dr. Kory testified that Ivermectin is effectively a ‘miracle drug’ against COVID-19 and called upon the government’s medical authorities … to urgently review the latest data and then issue guidelines for physicians, nurse-practitioners, and physician assistants to prescribe Ivermectin for COVID-19 …
… numerous clinical studies — including peer-reviewed randomized controlled trials — showed large magnitude benefits of Ivermectin in prophylaxis, early treatment and also in late-stage disease. Taken together … dozens of clinical trials that have now emerged from around the world are substantial enough to reliably assess clinical efficacy.
… data from 18 randomized controlled trials that included over 2,100 patients … demonstrated that Ivermectin produces faster viral clearance, faster time to hospital discharge, faster time to clinical recovery, and a 75% reduction in mortality rates.”

A one-page summary of the clinical trial evidence for Ivermectin can be downloaded from the FLCCC website. A more comprehensive, 31-page review of trials data has been published in the journal Frontiers of Pharmacology.

A listing of all the Ivermectin trials done to date, with links to the published studies, can be found on c19Ivermectin.com.

The FLCCC’s COVID-19 protocol was initially dubbed MATH+ (an acronym based on the key components of the treatment), but after several tweaks and updates, the prophylaxis and early outpatient treatment protocol is now known as I-MASK+ while the hospital treatment has been renamed I-MATH+, due to the addition of ivermectin.

The two protocols are available for download on the FLCCC Alliance website in multiple languages. The clinical and scientific rationale for the I-MATH+ hospital protocol has also been peer-reviewed and was published in the Journal of Intensive Care Medicine in mid-December 2020.

The International Ivermectin for COVID Conference

April 24 through 25, 2021, Lawrie hosted the first International Ivermectin for COVID Conference online. Twelve medical experts from around the world shared their knowledge during this conference, reviewing mechanism of action, protocols for prevention and treatment, including so-called long-hauler syndrome, research findings and real world data.

All of the lectures, which were recorded via Zoom, can be viewed on Bird-Group.org. In her closing address, Lawrie stated:

“The story of Ivermectin has highlighted that we are at a remarkable juncture in medical history. The tools that we use to heal and our connection with our patients are being systematically undermined by relentless disinformation.
The story of Ivermectin shows that we as a public have misplaced our trust in the authorities and have underestimated the extent to which money and power corrupts.
Had Ivermectin being employed in 2020 when medical colleagues around the world first alerted the authorities to its efficacy, millions of lives could have been saved, and the pandemic with all its associated suffering and loss brought to a rapid and timely end.
With politicians and other nonmedical individuals dictating to us what we are allowed to prescribe to the ill, we as doctors, have been put in a position such that our ability to uphold the Hippocratic oath is under attack.”

During the conference, Lawrie proposed that doctors around the world join together to form a new people-centered World Health Organization. “Never before has our role as doctors been so important because never before have we become complicit in causing so much harm,” she said.

end

Special thanks to Chris Powell for sending this to us:

.COVID-19 Vaccines Linked to Change in Menstrual Cycles: Study

(courtesy Stieber/EpochTimes)
By Zachary Stieber
The Epoch Times, New York
Friday, January 7, 2021

https://www.theepochtimes.com/covid-19-vaccines-linked-to-change-in-menstrual-cycles-study_4199446.html

Getting a COVID-19 vaccine has been linked to a change in the menstrual cycle among women, per a new study.

Dr. Alison Edelman of the Oregon Health & Science University and other researchers studied cycles among 2,403 vaccinated and 1,556 unvaccinated women and concluded vaccination was associated with a change in cycle length.

The change was pegged at under one day; no change in menses length was detected.

Researchers said that vaccines that use messenger RNA technology—both Pfizer’s and Moderna’s do—trigger an immune response, which could temporarily affect the hypothalamic-pituitary-ovarian axis function, and the study results support the hypothesis.

“Our findings are reassuring; we find no population-level clinically meaningful change in menstrual cycle length associated with COVID19 vaccination. Our findings support and help explain the self-reports of changes in cycle length. Individuals receiving two COVID-19 vaccine doses in a single cycle do appear to experience a longer but temporary cycle length change,” the researchers wrote.

While the study did not find vaccination associated with changes in menses length, “questions remain about other possible changes in menstrual cycles, such as menstrual symptoms, unscheduled bleeding, and changes in the quality and quantity of menstrual bleeding,” they added.

Limitations include possibly not being generalizable to the U.S. population given that the women who use Natural Cycles, from which the data came, are more likely to be white, college educated, and have lower body mass indexes than the average woman.

The study was published by Obstetrics & Gynecology and was funded by the National Institutes of Health, which last year awarded $1.6 million in grants to probe potential links between vaccination and menstrual changes.

“It is reassuring that the study found only a small, temporary menstrual change in women,” Dr. Diana Bianchi, director of agency’s Eunice Kennedy Shriver National Institute of Child Health and Human Development.

“These results provide, for the first time, an opportunity to counsel women about what to expect from COVID-19 vaccination so they can plan accordingly,” she added.

Little research has been conducted in the past on how vaccines, whether for COVID-19 or note, could influence the menstrual cycle, according to officials.

Research conducted in Norway by the country’s Institute of Public Health and published last month showed many women reported heavier periods than normal after getting a COVID-19 vaccine, but also found most changes went away after a period of time.

“Most menstrual changes after the first dose were transient. On average, they returned to their normal levels by the time of vaccination with the second dose, approximately two to three months after the first dose,” Dr. Lill Trogstad, project leader at the institute, said in a statement.

Authorities in Norway recommended women who experience heavy and persistent bleeding after vaccination put off any further doses until the cause is investigated or symptoms pass.
end
Special thanks to Robert H for sending this to us:

Shock Video: Qatari Soccer Player Collapses From Heart Attack on Field

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https://www.infowars.com/posts/shock-video-qatari-soccer-player-collapses-from-heart-attack-on-field/

clif high tweet: “People of Kazakhstan are arresting vaxx center people.”

Inbox

People of Kazakhstan are arresting vaxx center people. Arresting politicians and/or burning down their houses. Govt goons fleeing country. People arresting them as they find them. https://t.me/c/1758154834/35312…3:30 PM · Jan 8, 2022 2K ReplyShare this Tweet
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=1907end

VACCINE IMPACT

Novavax: Soon to be FDA-Authorized COVID-19 Vaccine for the “Christian Pro-life” Population?

January 7, 2022 5:34 pm

In July of 2020, when multiple pharmaceutical companies were competing for massive government funding to develop a “COVID-19 vaccine,” I published an article about one of the companies that had received massive amounts of funding from President Trump’s Operation Warp Speed program. The name of the company is “Novavax,” and it received $1.6 BILLION from President Trump back in the summer of 2020, but for more than a year and a half the only thing this company produced were instant billionaires. They were among the many losers at the end of 2020 when the FDA chose Pfizer, and then Moderna and later J&J to authorize COVID-19 injections for the United States. But at the end of 2021, Novavax was approved as a COVID-19 vaccine for distribution in Europe, and they are reported to be close to having the FDA grant an emergency use authorization for their COVID-19 shot for distribution here in the U.S. The Right Wing Conservative news site Gateway Pundit recently featured this soon-to-be-FDA-authorized Novavax COVID-19 vaccine with the title: “Finally, A Promising Covid Vaccine for Pro-Lifers” The article portrays the Novavax vaccine as a “minimally tainted” vaccine, because: “Novavax was not developed using body parts of aborted babies. (Though, like all other vaccines currently available, Novavax is tainted with tests that involve fetal cells.)” Honestly, nothing surprises me anymore, as we have reported many times that the Christian Church is thoroughly pro-vaccine and part of the Big Pharma Vaccine Cult, with many of them receiving government funding to become “vaccine clinics” and inject their church members with the Satanic COVID-19 gene-altering shots. One Christian Church in Canada just announced that their members who refused the COVID-19 injections were no longer welcome. So a vaccine with only “minimal” fetal tissue cell contamination is welcome news for the Christian Right. Never mind that the company has never produced a single product before, and that their national headquarters in Alexandria, Virginia, appears to be patterned after a Freemason Masonic Temple with Satanic symbols displayed, including an image of the “Lighthouse of Alexandria.” The Pro-Life Christian news site, Lifesite News, interviewed pro-vaccine Dr. Peter McCullough on August 5, 2021, who also spoke positively about the Novavax vaccine.Read More.

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Fact Check: “Christianity” and the Christian Religion is NOT Found in the Bible – The Person Jesus Christ Is

January 9, 2022 7:28 pm

Over 11 years ago I published an article on the English word “Christian,” explaining how I had stopped using that term to refer to myself, since it is a term with very many different meanings and understood in probably thousands of different ways. I wrote how the term “Christian” is only found 3 times in all of the New Testament writings, and it is never used by the believers and followers of Jesus Christ to refer to themselves in the New Testament. But as things unfold in the current Post-COVID culture, it is time to update that teaching and expand upon it, showing that the larger term of “Christianity” or the “Christian religion” is found nowhere in the Bible, and is actually a religious cult that is part of the Satanic world system, and that can be used to enslave the masses. So while 11 years ago I wrote: “Should believers of Jesus Christ today use the name “Christian” to describe themselves, even though the earliest disciples did not? There is probably no right or wrong answer to that question.” I am not sure that is still true today, in the Post-COVID world, because the word “Christian” and “Christianity” is clearly associated today with being Pro-Pharma and Pro-Vaccine, and therefore Pro-Satan and his world system. COVID has revealed (NOT caused) the very deep corruption in the American Christian Church and its idolatry in serving the ruler of this world, as opposed to serving the current ruling King who sits on the throne in the Kingdom of God.Read More…

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GLOBAL STORIES/

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

Australia is now in a mess!!

(zerohedge)

Australian Gov’t Weighs Whether To Bar Djokovic For 3 Years After Judge Orders Immediate Release

MONDAY, JAN 10, 2022 – 06:56 AM

The diplomatic standoff between an increasingly authoritarian Australian government and World’s No. 1 Tennis champion Novak Djokovic has just taken an absurd new turn.

After Aussie immigration authorities left Djokovic to rot in immigration detention – confining him to a very modest room at the Park Hotel – for the better part of a week following his arrival in the country (despite Djovokic having all the proper paperwork to enter the country), an Australian judge on Monday decided to reject the government’s decision to abruptly cancel the tennis player’s visa (after he had already arrived in the country) and ordered that the tennis star be immediately released.

As a result of the decision, which was handed down at 1716 local time (around 0115ET), the Australian Ministry of Home Affairs – which has played a role akin to the antagonist in this saga – must pay Djokovic’s costs from his time in detention. And all of his belongings – including, especially, his passport – must be returned to him “as soon as reasonably practicable.”

Judge Anthony Kelly explained that his ruling had been made because Djokovic hadn’t been given sufficient notice of his visa cancellation, leaving him no time to prepare appropriate materials.

In response to the judge’s ruling, government barrister Christopher Tran said the government would comply with the judge’s decision, but that the Minister for Immigration, Citizenship, Migration Services and Multicultural Affairs (whew that’s a mouthful, eh?) would now consider “whether to exercise…[the] personal power of cancelation.”

In response to this, Judge Anthony Kelly – who initially made the ruling – insisted that he must be informed if such a response might be imminent. He added that if the Australian minister decided to officially “deport” Djokovic – which is now the government’s only option, since the tennis player will likely leave the country before it has time to appeal – that it would mean that Djokovic would be officially barred from entering Australia for three years.

This leaves the Australian government in a difficult spot: the only option left to it is a rather extreme option that might intensify the diplomatic firestorm that has erupted over its treatment of Djokovic. Already, domestic critics of the Aussie government have seized on the opportunity to bash the Morrison government for its “incompetence”. Here’s former Aussie PM Kevin Rudd:

Let’s recap: there has been rampant speculation that the main reason the Aussie government decided to abruptly cancel the tennis player’s visa once he had arrived in the country for the Australian Open (set to start Jan. 17) because Djokovic had tweeted about being infected with COVID again in December 2021, the reason for his medical exemption allowing him to enter the country despite not being vaccinated.

The government was clearly uncomfortable with this being made public. While it had allowed these exemptions before, the Aussie government is scrambling to shore up public confidence in its authoritarian crackdowns on travel and business, even as the country’s extreme measures to combat COVID have done practically nothing to prevent infections from soaring.

By publicizing that he had been given an exemption over his “natural” immunity, the tennis player was perhaps inadvertently pushing the debate on natural vs. artificial immunity – a conversation that plenty of governments, not just the Australians, have been loath to have.

The world now waits to see how the Aussies will react. Will they double down and deport the world’s best tennis player, effectively barring him from the next three Australian Opens? Since they have already whipped millions of people into a frenzy by accusing Djokovic of being a “privileged” athlete wantonly putting the public’s health at risk (as if his presence in the country would have any impact on the larger COVID situation), they’re now in a difficult spot: if they turn back now, a massive loss of confidence could ensue.

And let’s not forget: Djokovic isn’t the only athlete who has seen his visa canceled. The Aussie government has been quietly cancelling visas of other athletes who had been granted similar vaccine exemptions.

According to a statement released by Immigration Minister Alex Hawke, the government is still considering whether to “deport” Djokovic. The minister’s office released a statement below:

Following today’s Federal Circuit and Family Court determination on a procedural ground, it remains within Immigration Minister Hawke’s discretion to consider cancelling Mr Djokovic’s visa under his personal power of cancellation within section 133C(3) of the Migration Act. The Minister is currently considering the matter and the process remains ongoing.”

Meanwhile, Djokovic’s family is preparing to host a news conference in Belgrade at 0600ET.

In the mean time, the judge in the case has just released some documents pertaining to the case, including Djoko’s affidavit. The 41-page document includes Djoko’s account of the hostile treatment he faced at the hands of the Australians.

Read it below:

Affidavit of Novak Djokovic Sworn on 10 January 2022 by Joseph Adinolfi Jr. on Scribd

END

KAZAKHISTAN

Many reasons why the Kazakhstan crisis is much bigger deal than what the Western Media is letting on. Also remember that Kazakhstan is the world’s largest produce of Uranium

(zerohedge)

Why The Kazakhstan Crisis Is A Much Bigger Deal Than Western Media Is Letting On

SUNDAY, JAN 09, 2022 – 01:00 PM

Geopolitical commentator Clint Ehrlich has reported while on the ground in Moscow that “the situation in Kazakhstan is a much bigger deal than Western media is letting on.” He further argues that the mayhem unleashed this past week and ongoing violent destabilization significantly increases the risk of NATO-Russia conflict.

He asks the key question: what really is happening in Kazakhstan? After all, he writes “In America, the situation in Kazakhstan is a small news item” but it remains that “in Moscow, it is currently receiving 24/7 news coverage, like it’s an apocalyptic threat to Russia’s security. I’ve had the TV on here while writing this thread, and Kazakhstan has been on the entire time.” Below is Ehrlich’s mega-thread from Twitter exploring the crisis and connecting the dots in terms of why this is a bigger deal than many believe…

Mass protests and anti-government violence have left dozens dead. Russia is deploying 3,000 paratroopers after Kazakh security forces were overrun. The largest city, Almaty, looks like a warzone. To appreciate why Russia is willing to deploy troops to Kazakhstan, it’s critical to understand the depth of Russia’s vital national interests inside the country. This isn’t just any former Soviet republic. It’s almost as important to Russia as Belarus or Ukraine.

First, Russia and Kazakhstan have the largest continuous land border on planet earth. If Kazakhstan destabilizes, a significant fraction of the country’s 19 million residents could become refugees streaming across the border. Russia is not willing to let that happen.

Second, roughly one-quarter of the population of Kazakhstan is ethnic Russians. Kazakh nationalists are overwhelmingly Muslims, who resent the Orthodox-Christian Russian minority. Russia believes that civil war would entail a non-trivial risk of anti-Russian ethnic cleansing.

Third, the Baikonur Cosmodrome in Kazakhstan was the heart of the Soviet space program. Russia still uses it as its primary space-launch facility. The Vostochny Cosmodrome in Russia’s Far East will lessen that dependence, but it still isn’t complete.

Fourth, Russia conducts its Anti-Ballistic Missile testing at the Sary-Shagan test site within Kazakhstan. This is where ongoing development of the S-550 ABM system is occurring, one of the foundations of Russia’s national security.

Fifth, Russia’s nuclear fuel cycle is intimately linked to Kazakhstan. Russian-backed Uranium mining operations are active in the country. Uranium from Kazakhstan is enriched in Novouralsk, Russia and then returned to Kazakhstan for use in Chinese nuclear-fuel assemblies.

Collectively, these security interests make Kazakhstan a region that Russia is willing to stabilize with force. The 3,000 troops it has already committed are not the maximum it is willing to deploy. If necessary, these will only be the first wave of RU forces in the country. The biggest question is how the situation in Kazakhstan will affect the existing standoff between Russia and NATO over Ukraine. Will Russia be deterred from intervention in Ukraine by the need to maintain reserves to deploy to Kazakhstan? Or will it simply be provoked?

Recall that, before things escalated in Kazakhstan, Russia had massed troops along its border with Ukraine. Moscow issued an ultimatum: Provide security guarantees that Ukraine would not join NATO “or else.” This was already a very dangerous situation. NATO-Russia talks to resolve the crisis in Ukraine were set to begin next week. Yet, on their eve, the revolution against the government of Kazakhstan began. Russia perceives this to be an act of “hybrid war.” Right or wrong, that perception is fueling a desire for revenge.

What is “hybrid war”? From the Russian perspective, it is a two-pronged approach to regime change. First, Western-backed NGOs encourage large protests against an incumbent government. Second, armed provocateurs use the protests as cover to stage kinetic attacks.

Moscow believes that this playbook was employed successfully in Ukraine to oust the Russian-aligned government in 2014. And it believes that the West unsuccessfully attempted to employ the same strategy to topple Russia’s allies in Syria and Belarus. It’s debatable whether the West has anywhere near the power to spark revolutions that Russia contends. Yet America plays into Russian paranoia by funding “civil society” NGOs overseas.

See the NED’s Kazakhstan page here.

When revolutions occur in countries where they’re active, Russia connects the dots. Kazakhstan is the latest example. In the year before the attempted revolution, the US National Endowment for democracy spent more than $1M in the country. The money went to PR campaigns against the government and training anti-government protesters. The Russians are convinced that NED is a front for the CIA. I don’t think that’s true. But it’s a distinction without a difference, since NED has taken over part of the CIA’s mission. In 1986, the founder of NED, Carl Gershman, said the group was created because “[i]t would be terrible for democratic groups around the world to be seen as subsidized by the CIA.” Today, instead of receiving CIA money, they receive NED money.

In 1991, NED President Allen Weinstein said, “A lot of what we do today was done covertly 25 years ago by the CIA.” He claimed that operating overtly via NED, rather than covertly through the CIA, made the risk of blowback “close to zero.” The Russians do not see things that way. When they witness overt US support for ousting pro-Russian governments, they assume there is also covert support being provided. To them, NED is only 1/2 of a “hybrid war” strategy in Kazakhstan that includes kinetic operations. Russia’s Foreign Ministry made that clear yesterday.

It describes the situation in Kazakhstan as “an attempt to undermine the security and integrity of the state by force, using trained and organized armed formations, that is inspired from the outside.” This claim forms the predicate for intervention by the “Collective Security Treaty Organization,” the Russian-led equivalent of NATO. It’s the first ever CSTO intervention, and it’s based on the accusation of a foreign attack on the sovereignty of Kazakhstan. White House Press Secretary Jen Psaki has questioned the legal legitimacy of the CSTO operation, but there’s not much to complain about.Baikonur Cosmodrome in Kazakhstan, file image.

The undisputed President of Kazakhstan, Tokayev, requested CSTO support, claiming his nation was under attack. To bolster the appearance of multilateralism, RU forces are deploying alongside smaller number of troops from two other CSTO states, Belarus and Armenia. These CSTO forces will secure critical government installations, freeing up the Kazakh military to perform “anti-terrorism.” The most critical function of the CSTO deployment is internal signaling within Kazakhstan.

Now that Kazakh forces know Russia is backing their government, fewer of them will be willing to join the side of the opposition. We saw that happen before. I doubt we’ll see it again. In the short term, while Kazakhstan remains volatile, Russia’s freedom to maneuver in Ukraine may be constrained. But this will not motivate Moscow to deescalate the crisis in the long term.

Instead, it will only strengthen perceptions of the West as an existential threat. Activists from prior color revolutions are already publicly taking credit for what is happening in Kazakhstan. Here is a post from Belorussian activist, Dzmitry Halko, who says that he helped organize the uprising in Kazakhstan along with veterans of the Ukraine revolution…

The Kremlin’s biggest fear is a “Maidan on Red Square” – i.e., a repeat of the Ukrainian revolution inside Moscow. The more that it appears the West is pursuing similar revolutions in former Soviet republics, the more aggressively Russia will push back.

In America, the situation in Kazakhstan is a small news item. In Moscow, it is currently receiving 24/7 news coverage, like it’s an apocalyptic threat to Russia’s security. I’ve had the TV on here while writing this thread, and Kazakhstan has been on the entire time.

It’s important to note that today (Jan.7) is Christmas in Russia. (They celebrate it on January 7th rather than December 25th, due to the Russian Orthodox church still adhering to the Julian Calendar.) When Christmas is overshadowed by a security crisis, it’s a big deal.

END

KAZAKHSTAN/RUSSIA-CHINA/USA

Kazakh Chaos On Cue Ahead Of Crunch US-Russia Security Negotiations

SUNDAY, JAN 09, 2022 – 07:00 AM

Via The Strategic Culture Foundation,

The timing of violent protests rocking Russia’s southern neighbor Kazakhstan inevitably raises questions. Russian officials are due to meet American and NATO counterparts within days to discuss far-reaching security proposals in unprecedented geopolitical negotiations.

In a surprise development, however, Russian troops are this week being deployed along with other forces from the six Central Asian states belonging to the Collective Security Treaty Organization to help restore order in Kazakhstan at the request of its president. President Kassym-Jomart Tokayev has accused “foreign-trained terrorist gangs” of being responsible for the dramatic unrest in the former Soviet Republic.

It seems that events this week in Kazakhstan are aimed at distracting Moscow or, worse, undermining Russia’s international standing in scheduled talks with the United States and its NATO allies concerning the bigger picture of security and peace in Europe.

Key security proposals were put forward by Moscow three weeks ago to reduce mounting tensions between Russia and the United States and its NATO allies over Ukraine. Moscow has called for a rollback in U.S. and NATO forces near its borders. This came after weeks-long Western media reports claiming that Russia was plotting to militarily invade Ukraine. Moscow has repeatedly rejected those claims as baseless and hysterical. Meanwhile, there are real concerns that the NATO-backed regime in Kiev may be planning a provocation against Russia by launching an offensive on Ukraine’s breakaway southeastern region and its ethnic Russian population. The Kiev regime has been waging a civil war against the region since the NATO-backed coup d’état in Ukraine in 2014.

The U.S.-Russia security discussions are scheduled to take place on January 10 in Geneva. They will be followed by further meetings between Russian and NATO officials. A phone conversation between Russian President Vladimir Putin and his American counterpart Joe Biden at the end of last month gave the forthcoming talks a preeminence, and rightly so too. Moscow has warned that if its “red line” security demands are not responded to then it will use other military-technical methods to safeguard national security. Moscow has put a narrow timeframe on the discussions to yield satisfactory results.

Washington and its NATO allies were evidently taken aback by Moscow’s determination to draw an inviolable line on years of military expansion towards Russia’s borders, the culmination of which has precipitated the latest tensions caused by Ukraine. The gravity of Moscow’s position appears to have been registered by the Western allies who promptly scheduled the security discussions for next week.

Then along comes the upheaval sweeping Kazakhstan this week. The protests erupted on January 2 ostensibly over a hike in transport fuel prices.

Significantly, the speed with which the protests spread across this giant Central Asian country – four times the size of France – and the rapid escalation of deadly violence would indicate an extraordinary orchestration of events. Dozens of police officers have been reportedly killed by armed demonstrators. Security forces have also shot dead allegedly armed protesters. Government buildings and the international airport in the most populous city Almaty have been attacked. All this tumult in the space of two days resulted in a state of emergency being declared on January 5 and the request for security assistance from the CSTO bloc. The bloc comprises Russia, Armenia, Belarus, Kyrgyzstan, Kazakhstan and Tajikistan.

The events have an unerring similarity to U.S.-sponsored regime-change operations that have taken place in other nations, most notably Ukraine, Syria and Belarus, among other countries. Tellingly, the White House issued an immediate denial of involvement before that possibility was even publicly suggested. Now there’s a guilty conscience at work! The American embassy in Kazakhstan had also warned of public protests over the anticipated fuel price increases.

It has been noted by astute observers that the CIA-linked Rand Corporation earlier endorsed this kind of disruption in Kazakhstan as a means for distracting Moscow with regional security apprehensions.

In the next few days, we will see if the security situation in Kazakhstan can be stabilized with support from the CSTO members and political concessions granted by President Tokayev. The fuel hikes have been revoked and the government has been sacked. Thousands of demonstrators have been arrested. Still, there are reports of ongoing armed clashes.

The timing and the who-gains question inescapably point the finger of suspicion at foreign incitement. Washington and its NATO allies are calling for the Kazakh authorities to allow “the right to peaceful protest”. Western media will no doubt crank up reports that portray restoring public order as repression by a “Russian-backed regime”. CTSO troops’ presence can be twisted into a distorted image of Kremlin-instigated “foreign occupation”. No doubt, too, the NATO-backed Kiev regime will cry foul over another “Russian invasion”.

The all-too-easy geopolitical convenience suggests there is no mere coincidence with the watershed negotiations about to get underway between Russia and the United States over Ukraine and the general encroachment of NATO on Russia’s borders.

Those negotiations were set to begin with Moscow having a moral authority to make legitimate security demands on Washington and the U.S.-led NATO alliance. It is right that the historical trend of ramping up military threats against Russia has to end. The turmoil that has suddenly blown up in Kazakhstan seems like an opportune way to undermine Russia’s resolve to challenge the U.S. and NATO over their by-now habitual aggressive policy.

That is the bigger picture that should not be lost amid the chaos unfolding in Kazakhstan.

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Kazakh Leader Says Order Restored: “Coup” Thwarted & 164 Killed – 8,000 Arrests

MONDAY, JAN 10, 2022 – 10:50 AM

On Monday Kazakhstan’s largest city appears to be returning to some semblance of normalcy with government security forces having the streets firmly under control, following a week of deadly protests sparked by a fuel price hike but which quickly targeted the country’s rulers. At least 3,000 Russian peacekeeping forces are also on the ground, after President Tokayev had dubbed his crackdown operation as ‘counter-terrorism’. Elsewhere, anti-government protests are entering their second week.

Internet access has now returned to parts of the country, including Almaty, as the mainstay of the riots appear to have been quelled. The Washington Post describes on Monday: “For days, the streets of Kazakhstan’s largest city smelled of burned rubber tinged with the acrid stench of stun grenades. Inside their homes, people huddled, fed by rumors in an unnerving information vacuum from a cut Internet and limited mobile phone service — all accompanied by the steady pop of overnight gunfire.”President Kassym-Jomart Tokayev, via Kremlin.ru

As of Sunday CNN reported at least 164 dead following the week of unrest, and the latest figures say almost 8,000 have been arrested by Kazakh security forces. The Interior Ministry on Sunday said that 16 police and national guard had been killed, with some 1,300 security officers injured in the violent protests.

In a Monday statement the Interior Ministry cited a total of 7,939 people arrested and now in detention amid the riots which saw government buildings torched and streets turned into battle-zones with running gun battles.

“I think there was some kind of a conspiracy involving domestic and certain foreign destructive forces,” Secretary of State Yerlan Karin announced on state TV Monday, according to Reuters.

Meanwhile, President Tokayev called the past week the “the worst crisis in the history of its 30-year independence” following Soviet rule. He described the events as an “attempted coup” in a virtual address to fellow members of the Collective Security Treaty Organization (CSTO).

“Armed militant groups, who had been waiting for their turn, came into action,” he said. “The main goal has become clear: to undermine the constitutional order, destroy institutions of governance and seize power. We are talking about an attempted coup d’état.”

He alleged this included “foreign militants” having entered to country to fuel the mayhem, however, he didn’t point to specific evidence of this. Tokayev then turned to thanking Russia for sending the bulk of peace-keeping forces to help restore order to the country.

“I would like to give special thanks to Russian President Vladimir Vladimirovich Putin for his understanding and for the quick decision to send a CSTO peacekeeping contingent to Kazakhstan. We have been in constant communication with you, distinguished Vladimir Vladimirovich, since the first days of the terrorist attack on our country,” the Kazakh leader said.

Tokayev also didn’t admit any wrongdoing by the state. Referencing quick action by authorities to re-impose price caps on fuel prices via government subsidies, he said, “There were rallies, and the participants put forward socioeconomic and sociopolitical demands, all of them were heard and fulfilled by the state.”

South Africa

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

Euro/USA 1.1314 DOWN .0038 /EUROPE BOURSES //ALL RED

USA/ YEN 115.28 DOWN 0.211 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3568 DOWN 0.0001

Last night Shanghai COMPOSITE CLOSED UP 13.98 OR 0.39%

//Hang Sang CLOSED UP 253.16 PTS OR 1.08%

/AUSTRALIA CLOSED DOWN .11% // EUROPEAN BOURSES OPENED ALL RED

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL RED

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 253,15 OR 1.08%

/SHANGHAI CLOSED UP 13.98 PTS OR 0.39%

Australia BOURSE CLOSED DOWN .11%

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

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 1793.10

silver:$22.41-

USA dollar index early MONDAY morning: 96.00 UP 28 CENT(S) from FRIDAY’s close.

This ends early morning numbers MONDAY MORNING

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And now your closing MONDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.59% UP 1 in basis point(s) yield from YESTERDAY/

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

SPANISH 10 YR BOND YIELD: 0.65%// UP 0 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.28 DOWN 4 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 63 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -0.030% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.31% 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…

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IMPORTANT CURRENCY CLOSES FOR MONDAY

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

Euro/USA 1.1320 UP .0032 or 32 basis points

USA/Japan: 115.13 DOWN 0.363 OR YEN UP 36 basis points/

Great Britain/USA 1.3561 DOWN 11 BASIS POINTS)

Canadian dollar DOWN 61 pts to 1.2684

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The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3762

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3822

TURKISH LIRA: 13.83 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 3 IN basis points from FRIDAY at 1.792% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.133 UP 1 in basis points

Your closing USA dollar index, 95.98 UP 26 CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 29.28 PTS OR 0.39%

German Dax : CLOSED DOWN 137.78points or 0.86%

Paris CAC CLOSED DOWN 87.48 PTS OR 1.21%

Spain IBEX CLOSED DOWN 27.40 PTS OR .31%

Italian MIB: CLOSED DOWN 194.54 PTS OR 0.70%

WTI Oil price 78.50 12: EST

Brent Oil: 81.07 12:00 EST

USA /RUSSIAN / RUBLE RISES: 75.17 THE CROSS LOWER BY 55 RUBLES/DOLLAR (RUBLE HIGHER BY 55 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.031

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1329 DOWN .0028 BASIS PTS OR 28 BASIS POINTS

British Pound: 1.3577 UP .0007

USA dollar vs Japanese Yen: 115.22 DOWN .277

USA dollar vs Canadian dollar: 1.2679 UP .0055 (cdn dollar DOWN 55 basis pts)

West Texas intermediate oil: 78.15

Brent: 80.76

USA 10 yr bond yield: 1.775 UP 1 points

USA 30 yr bond yield: 2.105 DOWN 2 pts.

USA dollar vs Turkish lira: 13,83

usa dollar vs Russian rouble: 75.09 UP 63 basis pts.

DOW JONES INDUSTRIAL AVERAGE: DOWN 162.79 PTS OR 0.45%

NASDAQ 100 UP 22.20 OR 0.04%

VOLATILITY INDEX: 19.40 UP .64 PTS

GLD/NYSE CLOSING PRICE $168.26 UP $0.51 OR 0.30%

SLV/NYSE CLOSING PRICE: $20.80// UP $.04 OR 0.17%

USA trading day in Graph Form

Citius, Altius, Debilius: Dip-Buyers Rescue Tech-Wreck As Rate-Hike-Odds Soar

MONDAY, JAN 10, 2022 – 04:01 PM

If the market is to be believed, Fed rates are going higher, faster, and sooner than anyone expected… while the economy (and the market) are weaker than most expected and inflation dramatically higher than every establishment groupthinker could imagine…

March rate-hike odds are over 90%…

Source: Bloomberg

And the market is pricing in 4 rate-hikes this year…

Source: Bloomberg

All of which combined to send stocks down on the day, but that wouldn’t last! Today’s BTFD bounce came at the Nasdaq 200DMA and coincided with JPM’s Kolanovic urging its clients to BTFD once again… Nasdaq recovered from a 2.7% intraday loss to close green

Nasdaq was down over 7% YTD at its lows today (and Small Caps -5% YTD)…

The Nasdaq bounced at its 200DMA today…

After it briefly entered into ‘correction’, down 10% from record highs…

“…the music is about to stop and we’re going to be left holding the biggest bag of odorous excrement in the history of capitalism…”

Unprofitable tech stocks are down 48% from their record highs…

Source: Bloomberg

Banks recent surge stalled modestly today relative to Tech…

Source: Bloomberg

Notably bank stocks have seriously outperformed the broad market, and decoupled from the yield curve…

Source: Bloomberg

‘Recovery’ stocks weakened today to their lowest relative to ‘Stay at Home’ stocks since the vaccines were approved…

Source: Bloomberg

Even as cases and deaths decouple dramatically…

Source: Bloomberg

Mixed bag in bond-land today with the short-end sold and long-end bid…

Source: Bloomberg

Which sent the curve flattening, erasing Friday’s rate-lock-buying driven steepening…

Source: Bloomberg

The Dollar bounced higher during the US day session…

Source: Bloomberg

Bitcoin broke below $40,000 today but found support…

Source: Bloomberg

Bitcoin is the most oversold since March 2020…

Source: Bloomberg

Ethereum broke down below $3,000 but found buying support there…

Source: Bloomberg

Oil prices slipped modestly today with WTI back down to $78…

Gold pushed higher today despite the stronger dollar, with the barbarous relic back at $1800…

Finally, if the relative price of growth to value adjusts to the reality being priced into real yields, the bloodbath in big-tech is far from over…

Source: Bloomberg

Now that might be a big enough dip to trigger Powell’s new put-strike, and financial conditions are tightening…

Source: Bloomberg

How is that red line going to reassure stock-dip-buyers… unless Powell folds like a broken lawn-chair?

end

MORNING TRADING/JOBS REPORT

END

II)USA DATA

end

IIb) USA COVID/VACCINE MANDATE STORIES

Amazing! In the USA supplies of monoclonal antibodies to threat COVID 19 are not to be found. I wonder why?

(Lee.EpochTimes)

Supplies Still Limited More Than A Year After Monoclonal Antibodies Authorized For Treating COVID-19

FRIDAY, JAN 07, 2022 – 06:40 PM

Authored by Meiling Lee via The Epoch Times (emphasis ours),

Despite being the only authorized outpatient medical therapy for preventing the worsening of COVID-19 symptoms in high-risk patients, there remains no steady supply of monoclonal antibodies from the federal government a year after its approval for use by medical regulators.Dr. Aldo Calvo, Medical Director of Family Medicine at Broward Health, shows a Regeneron monoclonal antibody infusion bag during a news conference at the Hospital in Fort Lauderdale, Fla., on Aug. 19, 2021. (Joe Cavaretta/South Florida Sun-Sentinel via AP)

Rolled out in the same month as the COVID-19 vaccines, monoclonal antibody therapies have not gotten the attention that vaccine treatments have after they were billed as the thing to get America out of the pandemic.

Even today, President Joe Biden continues to mostly focus on vaccinating children, providing boosters to every adult, and increase testing as part of his “new actions” to combat the COVID-19 pandemic during the winter.

Dr. Marc Siegel, a practicing internist and a professor of medicine at NYU’s Langone Medical Center, says vaccines alone cannot bring America out of the pandemic. More breakthrough cases are occurring with the Delta and Omicron variants, and hospitalizations are rising this winter.

More than 206 million Americans are fully vaccinated and 72 million people have received a booster dose as of Jan. 5. Individuals are considered fully vaccinated if they received two doses of the messenger RNA vaccines or a single shot of the Johnson & Johnson vaccine.

Siegel said that the Biden administration has not been able to deliver any therapeutics for early treatment of people with mild or moderate COVID-19 because of the administration’s “obsessive focus on the vaccines to the exclusion of all else.”

“When it comes to therapeutics, the Biden team’s results are even more anemic,” Siegel wrote in an op-ed in USA Today. “Paxlovid, Pfizer’s new protease inhibitor wonder drug, has been approved but is scarce.”

“Ditto monoclonal antibodies, the synthetic neutralizing antibodies that have been so helpful in patients at high risk of complications or hospitalizations. Omicron is most susceptible to sotrovimab, made by GlaxoSmithKline, but in most states, it is almost impossible to find,” he added.

The Epoch Times has reached out to the Biden administration for comment.

The U.S. Department of Health and Human Services (HHS) has delivered over 197,000 courses of the monoclonal antibody treatments to state and territorial health departments, and to federal entities for the week of Jan. 3. This comes after the agency briefly paused distribution of the treatments on Dec. 23.

Lack of Public Messaging

Nurse Salina Padilla (L) prepares Dr. Prabakar Tummala for Bamlanivimab, monoclonal antibody infusion at Desert Valley Hospital in Victorville, Calif., on Dec. 17, 2020. (Irfan Khan/Los Angeles Times/TNS)

The monoclonal antibody therapies have been shown to be effective in preventing severe disease or hospitalization in high-risk patients with mild to moderate COVID-19. They are different from the convalescent plasma from a recovered COVID-19 patient, in that monoclonal antibodies are “created [in a lab] to specifically target an essential part of the infectious process,” according to physicians from the University of Michigan Health System.

As of Dec. 16, 2021, the National Institutes of Health does not recommend convalescent plasma for treating hospitalized patients without impaired humoral immunity.

The first monoclonal antibody treatments were issued emergency use authorization (EUA) in November 2020, but there seemed to be little interest in utilizing the therapy when the focus was on the campaign to vaccinate every person aged 16 and older by federal and state governments.

The lack of messaging around monoclonal antibody treatments from federal authorities resulted in people being unaware of the short timeframe to receive these effective therapies (within 10 days of experiencing the first symptoms) and some hospitals refusing to use them. This led to low demand for the monoclonal antibodies at a time when it should have been utilized to help alleviate strain on hospitals, as the United States was reporting over 100,000 people hospitalized for or with COVID-19 by the end of December 2020.A screenshot of the hospitalization rate on Dec. 31, 2020. (Our World in Data/The Epoch Times)

Dr. Peter McCullough, an internist, cardiologist, and epidemiologist, said in an interview with EpochTV’s “American Thought Leaders” program that he was “shocked with the lack of fanfare on the monoclonal antibodies, there was almost no uptake.”

He added, “We heard reports that over 80 percent of the supply was sitting on the shelves. Nursing homes weren’t informed, urgent cares weren’t supplied, hospitals weren’t in supply. There wasn’t any messaging.”

The Epoch Times reached out to the CDC for comment about the lack of messaging around the COVID-19 therapeutics and was told to contact the FDA, who did not reply by press time.

Due to the low uptake, the HHS allowed authorized health care providers to order the therapies directly from the supplier from February 2021 to Sept. 13, 2021. But the emergence of the Delta variant and waning vaccine effectiveness saw increased demand for the therapies, leading the HHS to announce it would revert back to taking control of distribution.

The number of monoclonal antibodies allocated to each state and territory would be based on the case numbers, hospitalizations, and utilizations, a distribution system that is still being used today.

In the Sept. 13 announcement, the HHS claimed that the Delta variant caused a surge in monoclonal antibody therapy uses, “particularly in areas of the country with low vaccination rates,” without further clarification.

Looking at the statistics from the HHS itself and comparing the vaccination rate and monoclonal antibodies distributed to the 12 most populated states did not always show a correlation between a low vaccination rate with more uptake of the therapies.Screenshot of monoclonal antibody therapy allocations for the 12 most populated states (The Epoch Times)

The emergence of the Omicron variant further added to the confusion on whether certain antibody therapies should continue to be used and if they would still be effective clinically, particularly when the HHS halted the allocation of the therapies two days before Christmas.

HHS issued a notice on Dec. 23 that it would halt distribution of the REGEN-COV and Eli Lilly antibody therapies, based on in-vitro or “test-tube” studies—which have yet to be independently peer-reviewed—which found the antibody treatments may not be as effective against the Omicron variant, leaving GlakoSmithKline’s sotrovimab as the only available treatment.

The Epoch Times has reached out to both the drug manufacturers for comment. Eli Lily didn’t respond and Regeneron directed us to their Dec. 16 press release (pdf), which states, “While Regeneron’s currently authorized REGEN-COV antibodies have diminished potency against Omicron, they are active against Delta, which currently is the most prevalent variant in the U.S.”

The company said it is awaiting approval for a clinical trial of its “next generation” monoclonal antibodies that would be active against the Omicron variant and all variants of concerns.

Efficacy With Omicron?

Florida’s State Surgeon General Dr. Joseph A. Lapado says that the findings of one study conducted in a lab don’t necessarily conclude the same outcome in humans.

“So the laboratory evidence was indicating the affinity of the antibodies, such as the Regeneron antibodies for the Omicron variant were diminished … but that’s not the same thing as concluding that the Regeneron monoclonal antibodies will not work in a patient with Omicron,” Lapado said at a press conference on Jan. 3.

He added, “So, there’s a difference between laboratory data and clinical data. And they made the decision to withhold medication based on laboratory data, but we care about clinical outcomes. The decisions should be based, obviously, on clinical data, which is why they’ve reversed [the pause].”

HHS then lifted the pause eight days later on Dec. 31, allowing all states and territories to continue ordering the treatments, citing that “the prevalence of COVID-19 variants remain dynamic.” The decision was also “in light of recent National Institutes of Health (NIH) clinical guidelines published on Dec. 30, 2021, and the significant variability in the prevalence of the Omicron Variant of Concern (VOC),” it added.

The NIH is recommending a three-day course of intravenous remdesivir as a treatment option for nonhospitalized patients with mild to moderate COVID-19 who are at high risk of severe illness when Omicron is more than 80 percent prevalent in a region.

The recommendation was based on the PINETREE trial, which found an 87 percent relative reduction in the risk of hospitalizations and deaths compared to the placebo group. However, there was not a significant difference in the safety profile of both groups as “adverse events occurred in 42.3 [percent] of the patients in the remdesivir group and in 46.3 [percent] of those in the placebo group.”

Remdesivir is approved by the FDA for patients requiring hospitalization. Experts recommend physicians perform “close kidney monitoring when prescribing remdesivir” and be aware that the drug may cause kidney disorders. In addition, the NIH says that every patient should be given a liver function test and a prothrombin time test (to measure the length of time it takes blood to clot) prior to receiving remdesivir.

end

Biden cuts Florida’s weekly monoclonal ship in half. Why?

(Falkenstern/Epoch Times)

Biden Admin Cuts Florida’s Weekly Monoclonal Shipment In Half

SUNDAY, JAN 09, 2022 – 12:30 PM

Authored by Jannis Falkenstern via The Epoch Times,

The federal government slashed in half the number of doses of the monoclonal antibodies therapy shipped to Florida from 30,000 to 15,000 this week, according to Gov. Ron DeSantis (R).

DeSantis said the 15,000 dozen received would be “immediately utilized to support new monoclonal antibody sites.”

“But for the federal government’s decision to restrict supply of monoclonal antibody treatment to Florida, my administration would have already opened additional monoclonal antibody treatment sites throughout the state,” DeSantis said in a press release.

The governor said that before the Biden administration “seized control of the monoclonal supply” Florida was administering 30,000 doses per week to infected patients. The treatment saved “countless lives,” he said.

“The Biden Administration is still obstructing the state of Florida’s ability to manage our own supply of monoclonal antibodies and I will continue to seek additional doses for Floridians,” he said.

The Epoch Times reported Jan. 3 that the U.S. Health and Human Services Administration had relaxed its policies on limiting the monoclonal antibody drugs paving the way for Florida to receive 30,000 treatments. The plan for those doses was to set up new treatment centers in high-need areas throughout south and central Florida.

DeSantis alleged the limits the HHS had set for Florida were “political.”

“The federal government has cornered the entire market of monoclonal,” he said in a press conference on Jan. 3.
“We’ve got the infrastructure in place. It’s just a matter of the federal government giving us more doses … for the Floridians who need it.”

The governor asked the state legislature to set aside almost $1 billion to aid in fighting COVID-19 and making monoclonal antibodies available to “every Floridian who needed it.”

But because the federal government has a contractual agreement with the makers of the monoclonal antibody treatments, it has “locked out” anyone else from buying the product, the governor said.

“We will rapidly deploy the 15,000 doses that we now have secured,” he said. “The Biden Administration commandeered the supply and distribution of monoclonal antibodies following Florida’s successful deployment of the treatment last summer and drastically cut shipments of the treatments to the state.”

Florida Gov. Ron DeSantis speaks at the opening of a monoclonal antibody site in Pembroke Pines, Fla., on Aug. 18, 2021. (Marta Lavandier/AP Photo)

The announcement of the shortfall in monoclonal antibody treatments comes one day after the governor made remarks about the Jan. 6 anniversary and how “corporate media” and Washington would celebrate the day as “their Christmas.”

“They are going to take this and milk this for anything they could to try to be able to smear Donald Trump,” he told reporters on Jan. 6.

Requests from the governor’s office on why they think Florida was shortchanged on the treatment drug were not answered by press time.

end

Chaos reigns supreme in schools as thousands of students miss classes

(zerohedge)

Chaos Reigns In Schools From Chicago To NYC As Thousands Of Students Miss Classes

SUNDAY, JAN 09, 2022 – 01:00 PM

In Chicago, parents and students are anxiously waiting to hear whether school will finally resume on Monday, or be cancelled for a fourth straight day as City Hall and Mayor Lori Lightfoot continue to “negotiate” with the Chicago Teachers’ Union, which is demanding that the city spend more money it doesn’t have on COVID testing and PPE, as well as more stringent restrictions on student behavior and social distancing, to keep teachers safe from omicron.

Chicago Public Schools said in its latest communique that it would try and update parents as soon as possible about the state of negotiations, and a breakthrough, once one has been achieved, Bloomberg reports.

“CPS is committed to working toward an agreement with the Chicago Teachers Union throughout the weekend, and we are dedicated to working day and night so we can get our students back to school next week, hopefully on Monday,” the district said in a statement late Friday.
“We know families need to plan ahead and we will be sending additional communication over the weekend with a status update regarding classes on Monday.”

But even in school districts that are still, technically, functioning, the system appears to be on the verge of collapse as unprecedented numbers of students and teachers have either tested positive asymptomatically and been barred from school, or actually been sickened. The city said 300,000 of NYC’s approximately 1M students – nearly 1/3rd – missed school last week.

One Bronx high school student perfectly, telling Bloomberg:

“We don’t really learn anything anymore,” said Alan Sun, a sophomore at the Bronx High School of Science, one of the city’s specialized high schools.
“There are Covid cases left and right, it’s just a mess.”

It’s important to keep in mind that this isn’t just a big city problem: across the country, tens of thousands of students have been left without in-person instruction, often many who are completely asymptomatic.

And with so many students absent, teachers have been left in a difficult position, not wanting to teach too much material to the students who are there for the benefit of those who aren’t, according to Bl

The standoff comes at an interesting time, as millions of Americans have been sickened, but deaths have been (happily) low.

The situations in NYC and Chicago – the largest, and third-largest school systems in the country, respectively – illustrate the dire states of America’s public education system, and by extension, the economy (since workers who are parents must scramble to find child-care).

end

Chicago Schools Close For 4th Day As Anti-Science Teachers’ Union Refuses To Budge

MONDAY, JAN 10, 2022 – 08:52 AM

Negotiations between Chicago City Hall and the city’s powerful teacher’s union failed to reach a deal over the weekend, leaving Chicago’s 300K students unable to attend school for the fourth day, as the third-largest school district in the US teeters on the verge of all-out collapse.

The Chicago Teacher’s Union voted Tuesday night only to teacher remote classes as the membership demands that the city take the steps it says are necessary to ensure a “safe” environment, even as evidence suggests schools aren’t a major locus of community spread, and that the disruptions children face to their education is doing far more permanent harm to the young, who are at much lower risk from infection.

A group of parents have sued the TU in response to the decision, demanding that teacher’s return to the city’s schools to educate children in person.

To be sure, the ongoing omicron-driven wave has created so many absences among teachers and students in districts across the country, allowing dysfunction to reign, as teacher’s are effectively paralyzed, unwilling to teach too much with so many students restricted to remote only.

The parents say they’ve been harmed by the situation “because their children are being denied schooling and they have had to secure child care for their children.”

CTU members are refusing 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 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. In response, the TU has insisted that it’s not “on strike”, but is merely taking a stand to protect its members safety.

Chicago Public Schools confirmed that schools would be closed Monday late Sunday evening, stating in a tweet that “we remain committed to reaching an agreement with the Chicago Teachers Union as soon as possible.”

Interestingly, the Chicago Public Schools confirmed once again that a “small number” of schools are planning to offer in-person activities for students on Monday, but that parents shouldn’t try to send kids to school unless they hear from an administrator.

Over the weekend, officials from the CTU released a new proposal to the Chicago Teachers Union on Saturday laying out their bargaining position.

The proposal calls for a return to work for union members on Jan. 10, with students learning remotely between Jan. 12-17 until in-person learning resumes on Jan. 18.

Under the proposal, CPS would provide KN95 masks for all staff and students, which would be in addition to a previous agreement made in February 2021 that doled out medical-grade masks and other face-covering equipment to students and staff.

The proposal also establishes firm criteria for shutting a school down for in-person learning, which has reportedly been a major sticking point for Mayor Lori LIghtfoot.

Lightfoot in turn blasted the CTU for the “illegal work stoppage,” accusing them of putting the narrow interests of its members above their duty to educate children.

END

Vaccine definition changed definition last September. They incorrectly state that a vaccine is a preparatin used to stimulate the body’s immune response against disease.

(ChrisPowell)

Vaccine definition was changed as COVID-19 virus shots weakened

By Chris Powell
24 min ago

How, some readers ask, can this column, written by a mere layman, assert that the COVID-19 vaccines aren’t very effective?

First, it’s because the COVID-19 vaccines are not really vaccines at all as vaccines were defined prior to the current epidemic.

That is, vaccines previously were defined by the U.S. Centers for Disease Control and Prevention as inoculants that “produce immunity to a specific disease.” But last September, as the failure of the COVID-19 vaccines to “produce immunity” was realized, the CDC changed the definition. Now the CDC defines a vaccine as “a preparation that is used to stimulate the body’s immune response against diseases.”

The new definition contains nothing about the sufficiency of the immune response stimulated by the vaccine. Presumably a preparation that produces even an insufficient immune response can be considered a vaccine now.

The CDC acknowledges that fully vaccinated people can become infected with the COVID-19 virus and, even while without symptoms, can infect other people. Indeed, last week more than 30% of the people in Connecticut hospitals who were being treated for COVID-19 were fully vaccinated, and state government has recorded more than 80,000 cases of fully vaccinated people who still have come down with the virus.

This doesn’t make the COVID-19 vaccines useless. Those 80,000 cases were only 2.3% of all people in the state known to have gotten the virus.

Rather this makes the COVID-19 vaccines not very effective as vaccines were defined until recently. It makes them therapies that, at least for now, prevent or mitigate symptoms for most infected people. Even so, these therapeutic vaccines produce far more adverse reactions than traditional vaccines, and as adverse reactions keep being discovered, the COVID-19 vaccines remain experimental. So they are less effective on their own merits as well as less effective than traditional vaccines.

Second, the COVID-19 vaccines are not very effective because they require more booster shots.

Just last week the U.S. Food and Drug Administration shortened from six months to five the duration between the first two inoculations and the third doses of the Pfizer-BioNTech SE and Moderna COVID-19 vaccines, since they are losing effect faster than first thought.

Meanwhile concerns are growing that such frequent boostering may damage the human immune system.

Even leading medical authorities in government admit these deficiencies.

Last month in the New England Journal of Medicine, Dr. Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases, joined two other doctors in writing: “As important as these vaccines are, however, their protective efficacy wanes over time, necessitating booster doses. Vaccination has also been unable to prevent ‘breakthrough’ infections, allowing subsequent transmission to other people even when the vaccine prevents severe and fatal disease.”

Because of these deficiencies, Fauci and his colleagues wrote, “We urgently need universal coronavirus vaccines” — that is, vaccines that don’t have to be tailored to particular coronaviruses.

Last week the chairman of the British government’s Joint Committee on Vaccination and Immunization, Professor Sir Andrew Pollard, said booster shots should be suspended. “We can’t vaccinate the planet every four to six months,” Pollard said. “It’s not sustainable or affordable.”

Pollard said there is no point in trying to stop all infections. Instead, “We need to target the vulnerable.”

Indeed, while the polio vaccines have been widely available for more than 60 years, the planet is not yet fully vaccinated against that crippling disease. Prosperous Americans may consider boostering every four or five months to be no trouble, but residents of the developing world probably won’t. Frequent boostering in Connecticut’s poor cities probably won’t be so effective either, since vaccinating people there even once has been a struggle.

By contrast, because of their ease of delivery, certain therapies against COVID-19, especially those taken by mouth, can be quickly effective. Several such therapies, cheap and safe, have been successful against COVID-19 outside the United States, far from the influence of the pharmaceutical industry. People who advocate these therapies here are censored and blacklisted.

Chris Powell is a columnist for the Journal Inquirer.

end

Amazon Cuts COVID-19 Paid-Leave To 40 Hours For US Employees, Following Walmart

MONDAY, JAN 10, 2022 – 02:11 PM

Authored by Allen Zhong via The Epoch Times (emphasis ours),

Another big private employer has cut COVID-19 paid leave for its workers in the United States following rule changes by the Centers for Disease Control and Prevention (CDC).A truck outside the Amazon warehouse in Staten Island, N.Y., on March 30, 2020. (Angela Weiss/AFP via Getty Images)

Amazon.com Inc., the second-largest U.S. private employer, said its COVID-19 paid leave has been reduced to a maximum of 40 hours in a Jan. 7 notification to employees. Before the announcement, the company’s COVID-19 paid leave for self-isolation was up to 10 days.

Quarantine periods for staff have also been adjusted in keeping with the new CDC guidelines.

“After reviewing the newly released guidance from the CDC, we are updating Amazon’s COVID-19 isolation and quarantine policy to one week (seven calendar days) from when you took the test, with up to 40 hours paid leave,” reads the notification, which was obtained by The Epoch Times. “This change is effective immediately and applies to all employees in the United States, regardless of vaccination status.”

However, the company said that additional leave options would be available if individuals are still symptomatic after one week.

Walmart Inc., the nation’s largest private employer, announced that it was shortening its COVID-19 paid leave to one week from two weeks on Jan. 4, days before Amazon.

Walmart said in a memo to its workers that it’s cutting paid leave in half for those who test positive for the CCP (Chinese Communist Party) virus or who have quarantined themselves at home after exposure.

The retailer said the new leave regime would start from March 31.

Both companies’ decisions came after the CDC reduced its recommended days of isolation from 10 days to five days for Americans who contract COVID-19, regardless of vaccination status. The CDC also said that asymptomatic people should wear a mask for five days when around others after leaving isolation.

The agency also recommended five days of quarantine for those exposed to the virus who are unvaccinated or are over six months out from their second mRNA vaccine dose or more than two months out from their Johnson & Johnson vaccination and not yet boosted. The quarantine period should be followed by strict mask use for an additional five days.

Individuals who have received a booster shot don’t need to quarantine following exposure, but should wear a mask for 10 days, the CDC said.

“CDC’s updated recommendations for isolation and quarantine balance what we know about the spread of the virus and the protection provided by vaccination and booster doses,” CDC Director Dr. Rochelle Walensky said in a statement.

Reducing the CDC’s 10-day quarantine recommendation helps asymptomatic people return to work or school, with proper precautions, White House medical adviser Dr. Anthony Fauci told CNN last month.

Reuters contributed to the report.

END

CDC Director Sheepishly Admits Justice Sotomayor Issued COVID Misinformation On Hospitalized Kids

SUNDAY, JAN 09, 2022 – 02:00 PM

On Friday, Supreme Court Justice Sonya Sotomayor spouted a disturbing amount of misinformation regarding Covid-19 during oral arguments in two cases that will determine the fate of President Biden’s vaccine mandates.

For starters, Sotomayor – an Obama appointee – claimed that there are “100,000 children in serious condition,” with “many on ventilators.”

In truth, there are just over 3,300, according to the Department of Health and Human Services (HHS).

The liberal Supreme Court Justice also claimed that the Omicron strain is just as deadly as the Delta strain, asked “Why is a human spewing a virus not like a machine spewing sparks?”, and claimed that Covid deaths are at an all-time high (they are not).

Hilariously, CDC Director Rochelle Walensky was asked by Fox News‘ Bret Baier to refute Sotomayor’s ‘100,000 children’ claim.

And instead of simply acknowledging it was incorrect and moving on, Walensky mega-pivots to blaming the unvaccinated.

“Yeah, but, you know, here’s what I can tell you about our pediatric hospitalizations, now” Rochelle said. “First of all, the vast majority of children that are in the hospital are unvaccinated. And for those children who are not eligible for vaccination, we do know that they are most likely to get sick with Covid if their family members are not vaccinated. So, the most important thing we can do for those children to keep them out of the hospital is to vaccinate them and vaccinate their family members.“

Baier then brought Walensky back to the original question about Sotomayor’s disinformation, to which she answered: “yes… and in fact what I will say is that while pediatric hospitalizations are rising, they’re still about 15x less than our older age demographic.”

end

Some TSA checkpoints close amid covid outbreak

(zerohedge)

TSA Checkpoints Close Amid COVID Outbreak, Adding To Travel Woes

FRIDAY, JAN 07, 2022 – 05:40 PM

Besides airline crews calling out sick and inclement weather canceling nearly 20,000 flights since Christmas Eve, travelers now have to contend with the closure of security checkpoints at airports.

Traveling by air has been an absolute nightmare this past holiday season. It could worsen as staffing issues tied to the COVID-19 pandemic resulted in two Transportation Security Administration (TSA) checkpoint closures at Phoenix Sky Harbor International Airport.

“Beginning at 4 a.m. Jan, 7, the B & D Security Checkpoints in Terminal 4 will be closed. A & C will remain open. Wait times for non-PreCheck passengers could be up to 30 minutes & passengers should plan their arrivals accordingly,” Phoenix Sky Harbor International Airport tweeted.

The temporary closure of the security checkpoints should increase wait times for travelers entering the airport.

“We are monitoring this closely, and this situation only seems to affect Phoenix Sky Harbor for now,” R. Carter Langston, TSA spokesman, said in a statement.

“Communities and transportation systems have been hard hit by increasing COVID infections, and we continue to encourage those who are ill to stay home and get tested. Compliance with the federal face mask requirement, social distancing, and checkpoint modifications remain in place for those who choose to travel,” Langston added.

At the moment, 3,300 employees or about 5% of TSA staff have been infected by the virus. It appears Phoenix Sky Harbor is the only US airport so far that has closed security checkpoints due to staffing issues. Are more closures imminent?

END

We are going to see a lot of this: Iowa nursing home operator forced into bankruptcy due to crippling staff shortages

(zerohedge)

Iowa Nursing Home Operator Forced Into Bankruptcy By “Crippling” Staff Shortages

SATURDAY, JAN 08, 2022 – 08:07 PM

Here’s just the latest example of why forcing health-care workers to get vaccines and boosters – like the State of New York is still doing – is an untenable policy at best, and a stepping stone to disaster at worse.

Bloomberg reports that a chain of nursing homes in Iowa has just been forced into bankruptcy, placing even more strain on the creaking local health-care system, due to “crippling” staff shortages.

Court documents reflect how the company, QHC Facilities LLC, which hosts a total of 750 beds across its 8 nursing homes and two assisted living facilities, has been devastated by the twin pressures of COVID deaths among its patients (many of whom fall into the most susceptible category of patient), and resignations en masse among its workers. One of its homes even made it on to a list of “America’s worst nursing homes”.

QHC Facilities LLC filed for bankruptcy last week, citing “crippling staffing and employee retention issues” in a court filing. The Clive, Iowa-based company operates eight skilled nursing facilities and two assisted living homes with a total of about 750 beds in the state and 300 workers.
Occupancy rates plunged as Covid-19 spread through nursing homes, which accounted for a large proportion of deaths early in the pandemic. At the same time, the health-care sector has suffered from mass resignations as workers face burnout and seek more lucrative employment, contributing to swelling gaps in coverage.

Fortunately for the state’s health-care system, a judge back in November blocked a federal vaccine mandate for health-care workers in Iowa and eight other states. Clearly, that was a prescient decision.

To be sure, the company was struggling even before the pandemic. Local media reports out of Iowa showed QHC Facilities had been fined many times in recent years for substandard patient care.

But some of the obstacles facing the firm were completely out of its control.

One of its facilities was damaged in a strong storm in 2020 and still hasn’t been rebuilt. The death of the company’s co-founder in June “had a devastating impact” on the business, his spouse and Chief Executive Officer Nancy Voyna said in the filing, leaving unmet obligations including a $4 million state fee.

The company is seeking a buyer for its assets. But with all the additional government scrutiny brought on by COVID, who really wants to get into the nursing home game right now?

end

Almost half ot NY covid hospitalizations are not due to COVID 19 but other factors

(Stieber Epoch Times)

Almost Half Of New York COVID-19 Hospitalizations Not Due To COVID-19

SUNDAY, JAN 09, 2022 – 07:30 PM

Authored by Zachary Stieber via The Epoch Times,

Nearly half of the patients currently in New York hospitals with COVID-19 are not in the hospital because of COVID-19, the state said Friday.

Forty-three percent of the 11,548 hospitalized patients did not have COVID-19 listed as one of the reasons for admission, Gov. Kathy Hochul’s office said.

Hochul, a Democrat who is seeking a full term in office, told a press conference that she wanted to drill down on the hospitalization numbers to see how many patients are actually being treated for COVID-19 versus merely having the disease, which often causes no or mild symptoms.

Some of the patients test positive for COVID-19 “but they’re in there for other reasons,” Hochul said.

“Think of all the other reasons people end up at a hospital; it’s an overdose, it’s a car accident, a heart attack.”

Hochul had announced on Monday that the state would be separating out hospitalizations for COVID-19 versus those with the disease, which is caused by the CCP (Chinese Communist Party) virus.

She said it was important to know the percentage of patients in each category as the number of hospitalizations rise.

“I just want to always be honest with New Yorkers about how bad this is. Yes, the sheer numbers of people infected are high, but I want to see whether or not the hospitalizations correlate with that. And I’m anticipating to see that at least a certain percentage overall are not related to being treated for COVID. But we’re still going to watch hospital capacity,” she said.

Most people admitted for non-COVID reasons who have COVID-19 are in New York City, with approximately half the hospitalizations there meeting that criteria, the data show. In some other areas, the percentage is much lower.

New York Gov. Kathy Hochul speaks during a news conference in the Manhattan borough of New York City on Dec. 14, 2021. (Carlo Allegri/Reuters)

“About 50 percent are admitted with COVID and 50 percent admitted for COVID,” Dr. Steve Corwin, CEO of New York Presbyterian Hospital, which is in the city, told reporters. “Of the patients in the hospital, 50 percent are unvaccinated or partially vaccinated and 50 percent have two doses of the vaccine,” he added.

Partially vaccinated means a person has received one dose of the Moderna or Pfizer COVID-19 vaccines or has received two doses but two weeks have not elapsed since their second dose.

Dr. Scott Gottlieb, a former Food and Drug Administration commissioner who sits on Pfizer’s board, said the percentage was higher than he would have expected.

“Unclear why we’d see so much incidental infection. I’m hearing similar stats in [New Jersey] and [Connecticut] hospitals. Creates some concern [that COVID-19] could be spreading by contact with healthcare system itself,” he wrote on social media.

While many jurisdictions and hospitals do not make clear how many COVID-19 patients are being treated for other reasons, researchers found last year that approximately half of the hospitalizations showed just mild or no COVID-19 symptoms. Another study found four-in-10 children hospitalized with COVID-19 were asymptomatic, and the Centers for Disease Control and Prevention’s director, Dr. Rochelle Walensky, told reporters Friday that the recent increase in pediatric COVID-19 hospitalizations was due in part to non-COVID reasons.

“This is really a consistent problem we keep ignoring it as if it’s not an issue. It is an issue,” Dr. Scott Atlas, part of the White House COVID-19 response team during the Trump administration, told The Epoch Times previously.

Hochul told people who are only experiencing mild symptoms to stay home amid concerns of overburdening New York’s healthcare systems. She said that nearly 5,000 New Yorkers in the past 24 hours alone went to emergency rooms for COVID-19 testing.

“We have capacity. We have 2,000 locations where people can get tested. So, please do not go to an emergency room and tie up the resources, those individuals, so you can get a test. And don’t come in if you have very mild symptoms, either,” she said. “I know you’re anxious, I really understand this, but if you’re an adult that has very minor symptoms, you can handle a runny nose. You can handle your throat being a little bit sore, a little bit of cough. Just treat it as if you would have the flu. Follow the protocols, but please don’t overburden our emergency rooms.”

end

Top Lawyer Arguing Against Biden Vax Mandates Before SCOTUS Has COVID Despite Being Boosted

SATURDAY, JAN 08, 2022 – 02:00 PM

This ought to strengthen his case.

On Friday, Ohio solicitor general Ben Flowers was forced to participate in arguments before the Supreme Court remotely after he tested positive for COVID despite having been boosted, making him the latest in a long, long line of public servants who have contracted the “breakthrough” infections. He tested positive when he took a required test before oral arguments on Friday.

The Supreme Court required all participants in Friday’s oral arguments to take a COVID PCR test ahead of time, which is when Flowers realized he had tested positive for the virus. Flowers wasn’t the only one participating over the phone; Louisiana Solicitor General Liz Murrill also participated remotely but her office didn’t specify why, telling Reuters it was “in accordance with COVID protocols.”

The Supreme Court is hearing arguments for and against two policies implemented by the White House under President Biden, one of which is the requirement that businesses with 100 or more employees require employees to get the vaccine or test negative at least once a week for those who remain unvaccinated.

The second policy being debated is a requirement that workers at hospitals and other healthcare facilities that participate in federally run Medicare and Medicaid programs get vaccinated. This could create serious problems for hospitals around the country that are already struggling with staffing shortages (since many health-care workers have refused the vaccine on the basis of being constantly exposed to COVID every day during the course of their job).

The White House tasked OSHA with enforcing the policies and decreed that failure to comply could result in fines of up to $10K and imprisonment for not more than six months, or both.

As the Hill reminds us, both of those policies faced immediate criticism as the National Retail Federation and the Retail Industry Leaders Association said the mandate would be too burdensome for their business.

“Nevertheless, the Biden administration has chosen to declare an ’emergency’ and impose burdensome new requirements on retailers during the crucial holiday shopping season,” said David French, senior vice president of government relations for NRF.

Flowers and attorneys from 26 other states wrote in a brief that COVID “is not (for most employees) an occupational danger that OSHA may regulate” and “does not present a ‘grave’ danger for many employees subject to the mandate.”

Now, Flowers has inadvertently demonstrated that not only is COVID not a threat for most workers, but that getting the vaccine doesn’t mean any individuals workers are immune. In fact, as Alex Berenson has pointed out, there’s data to suggest that vaccinated individuals may face more severe reactions to omicron.

Unfortunately, Berenson’s twitter account, where he shared most of this information, was suspended weeks ago.

But it might not matter anyway, since according to CNN, SCOTUS appears poised to reject both White House mandates.

end

AJ DePriest Uncovers The Enormous Covid Bribes

Inbox

Must watch video on how incentives are being used to control every school board and hospital in North America. Why masks are being used in all schools even though parents are begging for their kids to be maskless. Why hospitals have killed so many people unnecessarily with remdesivir and ventilators, and why they are pushing back so hard on using Ivermectin.

A lot of people who are generally on board that vax mandates, masks and lockdowns are a bad idea are repelled by the idea of “conspiracies”. The truth is though that it is not that difficult controlling a lot of people and institutions through intelligent use of incentives and punishments. This video shines a light on how this is done at a tactical level.

end

iii) important USA economic stories for you tonight

It’s Coming: Biden’s Latest Irrational Move Obliterate the US Economy About 2 Weeks Out – HELLO INFLATION !!!

By Jim Hoft
Published January 8, 2022 at 7:35am
Comment

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Adding to the supply chain and inflation crisis, in about a week the vaccine mandate and subsequent commercial passport means 30,000 cross border truckers are about to get shut down from operating between the United States and Canada.

“70% of the 700 billion in trade between Canada and the US is moved by truck. This will have a dramatic effect on supplies and services reaching their destination and getting in the hands of those who need them. One needs to look no further than the recent UK fuel shortage, where the military had to be brought in to deliver fuel as a result of a lack of truck drivers. We are already seeing shortages, if these shortages reach critical levels on items such as fuel, food, blood, medicine or medical supplies, we will see real long-lasting damage.”

~ Mike Milliam, President of the Private Motor Truck Council of Canada

As noted by those following the issue(s) closely: “Starting January 15th, 2022, truckers must show a proof of vaccine to cross the Canada/US borders. Since March 2020, drivers were considered “essential”. They could cross the border without a covid test or the vaccine. Under Biden/Trudeau administration, this is about to change”:

22 000 truckers are about to lose their job. But this estimate is from the Canadian Trucking Association. The Private Motor Truck Council of Canada (PMTC) estimated this number closer to 31 000 truckers.

We are looking at a meltdown of the supply chain, or at least some severe disruption.

Get everything you need now. Inflation is about to get real. (read more)

CTH readers are already well versed in the domestic side of this issue {Go Deep}. When you overlay the USMCA aspect and recognize the critical sectors of the North American economy that are reliant upon each other; and when you realize that no one outside of the blue collar crews who have specific expertise in applying commonsense to this equation are talking about it, then you begin to realize what is obviously about to hit, and yet all will claim they never saw it coming.

We have approximately two weeks left. After that, I genuinely do not know what things will look like…. but I do know it will not be good. We are in very uncharted and unstable waters.

end

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

Now we have a national tire shortage!

(zerohedge)

National Tire Shortage Emerges As Snowstorms Pound US

FRIDAY, JAN 07, 2022 – 11:00 PM

Tire shops in the US complain about a tire shortage. They say snarled supply chains have put the overseas rubber industry in limbo, and by the time the tires are shipped to the US West Coast, port congestion adds weeks until they arrive at warehouses.

The shortage comes as winter storms are battering states in the mid-Atlantic, Northeast, Midwest, and Pacific Northwest. People are rushing to purchase winter tires, but there appears to be a limited stock for certain brands and models.

South Carolina-based Hay Tires Pros’ president David Hay told NewsNation Now that tires “made in America” have no problem sourcing, but “premium Asian tires are the ones we’re having problems with. They’re stuck on ships on the West Coast.”

Hay said the tire shortage adds all kinds of issues for the automobile industry.

“It’s causing all kinds of stress. Then you add chassis shortages, driver shortages, truck shortages — it’s a real problem.”

The problem isn’t just on the East Coast but also in Lansing, Michigan, where tire shops have trouble sourcing winter tires.

“We were shopping around for different brands,” Michigan resident Shawn Foxworth said. He said the shortage had been a headache.

“It took a while to get here,” Foxworth said, adding that tires prices were much higher than last year.

Some people have waited weeks tires, if not at least a month, due to snarled supply chains. Even the online tire website Tire Rack has experienced a backlog for certain tires.

The expanding list of car parts in short supply comes as no surprise considering not one ISM respondent said anything about improvement in supply chains…

People who purchase winter tires at the very last minute might run into sourcing problems or at least pay a hefty premium this winter as supply chains remain snarled. A word to the wise: buy in the offseason and prepare because the ability to purchase things on-demand today is becoming harder and harder.

end

#BareShelvesBiden Trends As Alarming Number Of People Report Empty Stores

MONDAY, JAN 10, 2022 – 04:50 PM

Before Christmas eve, President Biden declared his administration’s efforts to eliminate supply-chain bottlenecks ahead of the holiday season had succeeded. Ten days into the new year, we can firmly say that is not the case.

The hashtag “BareShelvesBiden” has been trending on Twitter for the last 24 hours. The hashtag ranked on Twitter’s most trending list as of late Sunday evening.https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480367201660116999&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550px

People from around the country tweeted pictures and videos of bare supermarket shelves as Biden’s Supply Chain Disruptions Task Force fails to address pandemic-induced disruptions. https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480305415548289028&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550pxhttps://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-2&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480309121312243715&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550pxhttps://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-3&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480309732976082948&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550pxhttps://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-4&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480314155462643714&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550pxhttps://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-5&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480362924606738433&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbare-shelvesbiden-trends-alarming-number-people-report-empty-shelves&sessionId=ee60cc86379626ce8ee15093d628d26294121ee9&siteScreenName=zerohedge&theme=light&widgetsVersion=9fd78d5%3A1638479056965&width=550px

Even though Biden has pointed to the administration’s progress in restoring supply chains by pushing for round-the-clock port operations at the nation’s biggest ports, including the Ports of Los Angeles and Long Beach, it appears supply chains remain snarled, and there’s no clear sign on when they will be alleviated.

We found out over the weekend that port congestion was quickly spreading to New York City’s container port.

While supermarket shelves go bare, once again, Biden’s job approval rating continues to sink. People are dissatisfied with unbearable shelter, housing, energy, and food inflation.

The Biden administration can tout all they want about fixing supply chains, but in actuality, they’re still snarled, and people are waking up to the fact that American continues to descend into a state no different than a third world country.

END

iv)swamp stories

The Hunter Connection? Kazakh Security Chief Arrested For Treason Was “Close Friends” With Bidens

SUNDAY, JAN 09, 2022 – 03:00 PM

Among the boldest and eye-brow raising political moves by embattled Kazakh President Kassym-Jomart Tokayev within the past days that grabbed international headlines was his ordering the arrest of Kazakhstan’s powerful former intelligence chief, Karim Massimov, on the charge of high treason.

Indicating that amid widespread fuel price unrest which quickly became aimed squarely at toppling Tokayav’s rule there’s a simultaneous power struggle within the government, Massimov had headed the National Security Committee (KNB) up until his Thursday sudden removal and detention. Massimov had served as the prior longtime strongman ruler Nursultan Nazarbayev’s prime minister and has long been considered his “right hand man”. Shortly after, a photo has resurfaced, currently subject of widespread speculation which shows Joe Biden and Hunter Biden posing with the now detained Kazakh security chief Karim Massimov, along with well-connected oligarch Kenes Rakishev.Hunter and Joe Biden with Kenes Rakishev (left) and Kazakhstan’s former prime minister and just arrested security chief, Karim Massimov (right). Source: Kazakhstani Initiative on Asset Recovery

Further an email and communications have surfaced, previously subject of extensive reporting in The Daily Mail, and related to prior extensive commentary and questions concerning Hunter’s ‘laptop from hell’ – that appears to confirm that Hunter Biden and Massimov were “close friends”. Reporting at the time indicated that “when Biden was vice president, Hunter worked as a go-between between for Rakishev from 2012 until 2014. And further the emails were from “anti-corruption campaigners” in Kazakhstan showing that Hunter made contact with Rakishev. And more: “Per the report, Hunter successfully got a $1million investment from Rakishev to a politically-connected filmmaker.”

According to a 2020 article in The New York Post written when the photo first began gaining attention among Western pundits, “The snap, first published by a Kazakhstani anti-corruption website in 2019, follows last week’s bombshell Post exposés detailing Hunter Biden’s overseas business dealings and a report claiming Rakishev paid the Biden scion as a go-between to broker US investments.” Concerning his relationship with Kazakh oligarchs and power-brokers, the NYPost story had detailed further:

…Hunter Biden’s alleged work with Rakishev, claiming he dined regularly with the Kazakh businessman and attempted to facilitate investment for his cash in New York, Washington, DC, and a Nevada mining company.
But Rakishev, who enjoys close ties to Kazakhstan’s kleptocratic former president, reportedly ran into trouble when Western business partners realized that the opaque origins of his reported $300 million fortune could become a “liability,” the Mail reported.

This brings up a slew of questions, starting with: What is the nature of the ties between the Biden family and Kazakhstan’s kleptocratic former president and his circle of oligarchs and powerful security officials?

Serious questions arise as the country is still on fire and Russia has sent some 3,000 peacekeeping troops in an attempt to reign in the spiraling security situation, which appears vital to Russia’s interests.

Earlier we featured the analysis of attorney and geopolitical commentator Clint Ehrlich, who argues that both this past week’s unrest and the Hunter Biden connection means Kazakhstan’s destabilization is a much bigger deal than Western media is letting on.

Below is Ehrlich’s follow-up analysis of what the Biden connection means in light of a leaked email and the curious photograph that’s emerged…

* * *

The detention of Karim Massimov was announced by the body he headed until his removal this week. The nature of the attempted revolution is coming into focus. Kazakh security forces have arrested the country’s former security chief, Karim Massimov, for treason. Massimov was considered the right-hand man of the country’s former president, Nazarbayev.

That’s also Massimov standing on the right, next to Joe Biden and Hunter Biden. They had a controversial meeting, unmasked by anti-corruption activists inside Kazakhstan. It’s awkward for the U.S. President to be linked to the man accused of heading an anti-Russian uprising.

But we’re getting ahead of ourselves. The Biden connection is only one volatile detail of what is going on inside Kazakhstan and what it means for the world. To get a clearer picture, we need to examine Massimov’s broader role inside the country’s power structure.

Nazarbayev ruled Kazakhstan for 28 years, from the collapse of the Soviet Union until his resignation as President in 2019. Before this crisis, many thought he was still in control of the country, since he retained his position as Chairman of the Security Council. When Nazarbayev stepped down as President, Massimov likely had ambitions to be his replacement. After all, he’d been his Chief of Staff, and he’d twice been his Prime Minister.

But there was one huge problem: Massimov was only 1/2 ethnically Kazakh. Nazarbayev passed him over and instead made the current President, Toyakev, his handpicked successor. So it was a shock when, 2 days ago, Toyakev removed Nazarbayev from his position as Chairman of the Security Council.

The big question was: Did Tokayev take that step at Nazarbayev’s request, so that Nazarbayev would not be blamed if security forces shot protesters? Or was the removal the sign of a rift between Tokayev and Nazarbayev?

The firing of Massimov from his role as Security Chief, and his subsequent arrest for treason, deepens the mystery. There are two major possibilities.

The first is that Massimov moved against *both* Tokayev and Nazarbayev.
The second is that Massimov and Nazarbayev moved against Tokayev *together* – potentially because Nazarbayev feared that he was going to be stripped of his “Leader of the Nation” title.

Many outside commentators have argued that, because there appears to be a “palace coup,” the possibility of a “color revolution” can be excluded. They are severely wrong, first as a matter of substance, second as one of perception.

Substantively, color revolutions *ALWAYS* involve the active collaboration of one faction of a country’s elite. Recall the famous audio of Victoria Nuland weighing in on which members of Ukraine’s elite should compose its post-revolutionary government.

Also, even if no true “color revolution” was attempted in Kazakhstan (and that is highly debatable), it will be in the interest of Russia to push that narrative. Specifically, a foreign attack on Kazakhstan is necessary to make the CSTO-led intervention lawful. The fact that the accused leader of the “color revolution” (or, at least, one of the major conspirators) has been connected to President Biden is therefore a veritable gift to Russia.

The script writes itself to blame the U.S., true or false.

Whether the West actually instigated the crisis is quickly becoming irrelevant. The US response to Russia’s intervention is already fraying bilateral relations, making it harder to imagine a positive outcome in upcoming talks to resolve the Ukraine standoff.

Commenting on Russia’s deployment of 3,000 troops to Kazakhstan, U.S. Secretary of State Anthony Blinken said:
“[O]ne lesson in recent history is that once Russians are in your house, it’s sometimes very difficult to get them to leave.”
This comment was infuriating to Russia. The Foreign Ministry responded:
“If Anthony Blinken loves history lessons so much, then he should take the following into account: when Americans are in your house, it can be difficult to stay alive and not be robbed or raped.”

To say the least, this is not the tone that one would want between the world’s two superpowers heading into the most important negotiations since the end of the Cold War. A security showdown over Ukraine is looming, and our countries are trading insults. Many in Western media hoped that the crisis in Kazakhstan would resolve the Ukraine situation indirectly.

They believed that, if Russia intervened in Kazakhstan, it might not have enough troops to take action in Ukraine. Those hopes are rapidly being dashed. The force of 3,000 paratroopers and special forces that Russia has deployed to Kazakhstan already appears to have brought stability to the country.

This was a matter of signaling: Kazakh forces will no longer desert, knowing Russia has picked sides. It was largely predictable, given that the mere threat of Russian intervention in Belarus was enough to effectively put down the uprising against Lukashenko. The same game plan appears to be working in Kazakhstan, albeit in a more aggressive form.

The end result is that Russia finds itself with more than enough troops to mount an intervention in Ukraine, if it so desires. I am agnostic on what Russia’s ultimate decision on that question will be. But the situation in Kazakhstan doesn’t make a RU operation less likely.

To the contrary, because the Kazakhstan crisis has further strained relations between Russia and the West, it will make it more difficult to achieve a peaceful resolution to the standoff over Ukraine.

War is now more likely, not less.

end

KING REPORT/SWAMP STORIES

December NFP is a deeply disappointing 199,000. 487,000 was the whisper number. Manufacturing produced 26k jobs; 35k was consensus. The unemployment rate fell to 3.9% from 4.2% because the Household Survey showed ‘Employed’ increased by 651k. Wages jumped 0.6% m/m and 4.7% y/y; 0.4% m/m & 4.2% y/y were expected. Black unemployment jumped to 7.1% from 6.5%.

NFP for October was revised +102,000 to +648,000; November was revised +39,000 to +249,000. The labor force participation rate was unchanged at 61.9%. Some pundits are blaming Covid for the big NFP miss. Largest service job gains: Leisure & hospitality +53k; Professional & business services +43k https://www.bls.gov/news.release/empsit.b.htm

The Big Guy was almost an hour late for his Teleprompter reading. He tried to spin the jobs report as great news and proof that his economic plan is working. The ‘Unity President’ then blamed Republicans for anything and everything that is wrong in the economy, the USA, and the known universe. He once again blamed meat packers for meat inflation

Biden rails against ‘Republican obstructionism’ with his economic agenda on life support: ‘I refuse to let them stand in the way of this recovery’ – Although December’s jobs report badly missed expectations, President Joe Biden still touted the country’s economic recovery — and called out Republicans for standing in the way of that progress… Biden dismissed Republican attacks of his handling of the economic recovery as “malarkey’,’ arguing that addressing inflation is a top priority for him… https://markets.businessinsider.com/news/stocks/what-biden-says-economic-recovery-republican-obstructionism-inflation-jobs-stimulus-2022-1

Joey Baby said, “I’m not an economist; but I’ve been doing this for a long time.” There are two solutions to car inflation: make more cars or “reduce demand for cars by making Americans poorer… Believe it or not there are a lot of people in the second camp…”  https://twitter.com/townhallcom/status/1479496674431090690

Biden claims Republicans want to make people too poor to buy cars https://t.co/trRvth8P6K

“I think it’s a historic day for our economic recovery,” President Biden says as the unemployment rate falls to 3.9%.  https://t.co/lize4vONr5

Biden: “I’m confident the Federal Reserve will act to achieve their dual goals of full employment and stable prices, and make sure the price increases do not become entrenched over the long term, with the independence that they need.”

Low-earning U.S. workers are getting recruited at higher rates than other income brackets, which is pushing up wages and raising costs for businesses https://t.co/wpOhIXALyF

The late morning rally ended after Joey Baby’s Teleprompter reading, and coincidently when ESHs moved a few ticks into positive territory. ESHs and stocks declined at the start of midday. With 24 minutes remaining in the noon ET hour, ESHs and stocks commenced a rally. It was modest and it ended when the afternoon arrived. The afternoon decline ended 10 minutes after the 14:15 ET VIX Fix.

It was time for the late rally that usually appears on Friday. ESHs jumped 18 handles by 15:05 ET. Alas, there were too many pitchers in the market and not enough catchers. Stocks sank into the close.  The S&P 500 Index fell 1.87%; Nasdaq sank 4.5%; and the DJIA fell 0.3% for the 1^st week of 2022.

There was no join in Mudville because the mighty stock market finished negative for the first week of 2022. Few pundits proclaimed, “as the first week of the year goes, so goes the year.”

The big market story on Friday was that the smarter market, bonds, tumbled. The 30-year bond sank as much as 1 5/16. The 5-year note hit 1.525%, a two-year high. The 10-year note hit 1.76%, a 2-year high.

Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone – in November, consumer credit exploded by a whopping $40 billion, double the expected $20 billion print… the highest on record!… 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…
    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…
https://www.zerohedge.com/markets/shocking-consumer-credit-numbers-us-credit-card-debt-soars-most-record-savings-long-gone

Walmart and Kroger boost price of COVID-19 rapid test
Walmart increased the price of BinaxNOW’s antigen self-test kits to $20, while Kroger was selling them for $24 in its nearly 3,000 US grocery stores…The large price jumps followed the lapse of the Biden administration’s Sept. 9 deal with manufacturer Abbott Laboratories to provide them for $14.
    “The program ended in mid-December, and while other retailers increased prices in mid-December, Walmart held the $14.00 through the holidays before increasing the price,” a Walmart spokesperson told the outlet…  https://nypost.com/2022/01/04/walmart-and-kroger-boost-price-of-covid-19-rapid-test/

Nearly 40% of Covid ‘patients’ in hospital are not there for the virus https://t.co/cf415h8zye

Huge percentage (43%) of COVID hospitalizations in New York apparently not due to COVID
Breakdown in data has been source of controversy for two years.
https://justthenews.com/politics-policy/coronavirus/huge-percentage-covid-hospitalizations-new-york-apparently-not-due

New Yorkers clogging up ERs to get COVID tests (Result of spreading fear) https://trib.al/GnrAAHE

@ggreenwald: Amazing: for the first year of the pandemic, it was absolutely taboo even to reference distinctions between people “hospitalized WITH COVID” and “hospitalized FOR COVID.” With Trump gone & blue states having surges, the distinction is now in official reports: “Incidental COVID”

GOP Rep. @Jim_Jordan: Where’s CNN’s COVID tracker? It was on 24/7 during the Trump Admin…

@RNCResearch: Asked “how many of the 836,000 deaths in the U.S. linked to Covid are FROM Covid or how many are WITH Covid,” CDC Director Dr. Rochelle Walensky says “those data will be forthcoming.”   (Why the delay? It’s over 1.5 years too late!)
https://twitter.com/RNCResearch/status/1480188113276260363

Biden: “No. I don’t think COVID is here to stay but having COVID in the environment here and in the world is probably here to stay,” https://t.co/tkoMuNLNbd

COVID vaccine can lengthen the menstrual cycle, study finds https://trib.al/3hUtTXd

Conservative Supreme Court justices grill Biden lawyer on OSHA vaccine requirement
Justices seem split along ideological lines on vaccine requirements affecting nearly 100 million worker
    In early arguments, Chief Justice John Roberts and Justice Neil Gorsuch suggested that government officials had overstepped, with Roberts declaring that it is “hard to argue” that officials had been given the power to act by Congress. Justice Brett Kavanaugh also noted that Congress had yet to pass any type of vaccine statute…But liberal justices on the bench made clear early Friday that they would back the federal mandates – at least as applied to larger businesses…
https://www.foxnews.com/politics/supreme-court-justices-biden-vaccine-mandates-oral-arguments

Justice Sotomayor Slammed for Comparing Humans ‘Spewing Bloodborne Viruses’ to Dangerous ‘Machines’ – several Twitter users observed the key difference is that machines are inanimate objects while a human being is a living person with free will… “This is what an Ivy League education gets you,” the populist organization The Bull Moose Project responded… https://t.co/MNz6tNX0tX

@greg_price11: Justice Sotomayor during this oral arguments:
– Claimed covid deaths are at an all-time high
– Claimed that Omicron has been deadlier than Delta
– Claimed 100K children are hospitalized with covid
– Said OSHA’s regulatory authority is a federal “police power.”

Omicron could be even less deadly than the flu, scientists believe
https://www.dailymail.co.uk/news/article-10358361/Omicron-nearly-100-TIMES-deadly-seasonal-flu-scientists-believe.html

‘3,500 kids are in hospital, not 100,000’: CDC Director Wallensky corrects… Justice Sotomayor’s wildly false claim that ‘over 100,000 children are seriously ill with COVID, many on ventilators’
https://www.dailymail.co.uk/news/article-10383925/CDC-Director-Wallensky-corrects-Justice-Sotomayors-obscenely-false-claim.html

Supreme Court Justice Exhibits Shocking Lack of Basic COVID Knowledge During Hearing https://t.co/ZB5hopjlTp

@ClayTravis: Justice Sotomayor’s comment on 100,000 children in serious condition with covid is such a flagrantly untrue statement she should have to correct it after the argument. It’s embarrassing for the Supreme Court to allow that factual inaccuracy to occur in an oral argument.

@greg_price11: Justice Breyer says that there were “750 million new covid cases yesterday.” There are 330 million people who live in America… (Breyer later corrected his mistake.)

Supreme Court’s liberal justices slammed over vax mandate statements
The trio of Stephen Breyer, Elena Kagan, and Sonia Sotomayor made claims during oral arguments that could have been classified as incorrect, ignorant, misinformed or hysterically exaggerated…Perhaps more disturbingly, Sotomayor said at another point in the argument that “I’m not sure I understand the distinction why the states would have the power” to institute a rule like the one being pursued by the Biden administration, “but the federal government wouldn’t.”
    “Read the Commerce Clause and the 10th amendment lady,” snapped Republican political consultant Liz Mair on Twitter.. the amendment… states that “powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”…  https://nypost.com/2022/01/07/supreme-courts-liberal-justices-slammed-over-vax-mandate-statements/

Justice Sotomayor Claims Not to Understand the Distinction Between State and Federal Powers
https://www.nationalreview.com/news/justice-sotomayor-claims-not-to-understand-the-distinction-between-state-and-federal-powers/

@ElectionWiz: Gorsuch asks why OSHA did not mandate the flu vax, since the flu kills tens of thousands yearly.

@kerpen: Gorsuch: “Congress has had a year to act on the question of vaccine mandates… Now the federal government is going agency-to-agency as a workaround to its inability to get Congress to act.”

@JonathanTurley: Gorsuch is pressing again on why this is not a major question that should be left to Congress when it impacts 80 million people… Gorsuch just repeated the Klain “workaround” language. Klain remains the gift that keeps on giving for challengers to the mandates. He may end up the most cited individual in these arguments.

@RSBNetwork: Justice… Barrett asks the government’s lawyer: At what point does this ’emergency’ end? Do we have any reason to believe that Covid will be any less dangerous two years from now?

@ElectionWiz: Alito: These vaccines have benefits and risks, and some people who take these vaccines will face adverse risks, right? Gov’t lawyer: Yes… Alito: I’m making the point there is a risk, some risk, with the vaccines. In that way, this is not like OSHA mandating a hardhat, right?

AOC reveals she has COVID and is suffering symptoms of virus after partying maskless in Miami https://t.co/838tMs6xDo

“We should never forget the Constitution wasn’t written to restrain citizens’ behavior. It was written to restrain the government’s behavior.” – GOP Senator Rand Paul

Senator @RandPaul: Hayek predicted our Fauci-an future: “the very men who are most anxious to plan society [are] the most dangerous . . . and the most intolerant of the planning of others. From the saintly and single-minded idealist to the fanatic is often but a step.” https://cdn.mises.org/Road%20to%20se

Pelosi invites Biden to deliver State of the Union March 1 (Why so late?) https://t.co/yDYGlNGU2G

Today – Instead of the usual Sunday rally for the expected Monday rally, ESHs are -6.50 at 20:40 ET. The S&P 500 Index closed at 4677.03; its 50-DMA is 4674.51.  Bulls need to prevent a significant downward breach of the S&P 500 50-DMA. Today could depend on the equity rescue team.

Q4 results commence this week. Usually there is a rally into earnings reporting season, and a reversal during the final major week of reports. DAL reports on Thursday; JPM, WFC, and C report on Friday. Expected Economic Data: Nov Wholesale Inventories 1.2% m/m

S&P 500 Index 50-day MA: 4675; 100-day MA: 4563; 150-day MA: 4489; 200-day MA: 4403
DJIA 50-day MA: 35,815; 100-day MA: 35,364; 150-day MA: 35,141; 200-day MA: 34,860

S&P 500 Index – Trender trading model and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 4235.75 triggers a sell signal
Weekly: Trender is positive; MACD is negative – a close below 4512.32 triggers a sell signal
Daily: Trender is positive; MACD is negative – a close below 4663.06 triggers a sell signal
Hourly: Trender and MACD are negative – a close above 4722.39 triggers a buy signal

Secret Commandos with Shoot-to-Kill Authority Were at the Capitol
On Sunday, January 3 (2021), the heads of a half-dozen elite government special operations teams met in Quantico, Virginia, to go over potential threats, contingencies, and plans for (Jan. 6)…
    (Acting AG) Rosen made a unilateral decision to take the preparatory steps to deploy Justice Department and so-called “national” forces… The leadership in Justice and the FBI anticipated the worst and decided to act independently, the special operations forces lurking behind the scenes…
     The contingency units meeting on January 3 included the FBI’s Hostage Rescue Team, the FBI’s national “Render Safe” team, an FBI SWAT team from the Baltimore Field Office, Special Response Teams from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the U.S. Marshals Service Special Operations Group…
     The role that the military played in this highly classified operation is still unknown, though FBI sources tell Newsweek that military operators seconded to the FBI, and those on alert as part of the National Mission Force, were present in the metropolitan area. The lingering question is: What was it that the Justice Department saw that provoked it to see January 6 as an extraordinary event, something that the other agencies evidently missed.
https://www.newsweek.com/exclusive-secret-commandos-shoot-kill-authority-were-capitol-1661330

Given that there was enough intel of danger for Jan. 6 to mobilize elite secret commandos, there can be only one reason that Pelosi et al ordered the Capitol Police to stand down and the National Guard was NOT utilized.

@newsmax: Newt Gingrich: Pelosi “is the person who is the most responsible for what happened” on January 6, 2021 – It was her job to ensure that there was adequate police, and if they didn’t have adequate police it was her job to ensure that the National Guard was there.”…  https://bit.ly/3F5gsGW

CBS News buries poll result showing strong bipartisan agreement Jan. 6 was ‘a protest that went too far’ – a protest that went too far” was the overwhelming favorite of the 2,046 Americans who were polled with 76% agreeing with that characterization of Jan. 6… Notably, 80% of independents also described Jan. 6 as a “protest that went too far” while only 56% said it was “an insurrection.”… https://www.foxnews.com/media/cbs-poll-jan-6

@JonathanTurley: Despite the constant media mantra that 1/6 was an insurrection, the vast majority of polled citizens view it as a protest that got out of hand, according to a CBS poll.  It is the latest example of the MSM in framing a narrative.

‘What is she hiding?’ Top Republican accuses Pelosi of coverup by withholding Jan. 6 documents
The top Republican on the House committee that oversees U.S. Capitol security is blasting Speaker Nancy Pelosi for refusing to release key evidence showing the security planning prior to the Jan. 6 riots and is warning that the police force that protects lawmakers has not reformed itself enough to avoid another tragedy…  https://justthenews.com/government/congress/what-she-hiding-top-republican-accuses-pelosi-coverup-withholding-jan-6

12 Questions the Justice Department and FBI Need to Answer About January 6
Top officials from the Justice Department and FBI are scheduled to testify before (Senate Judiciary Committee on Tuesday) …
https://amgreatness.com/2022/01/07/12-questions-the-justice-department-and-fbi-need-to-answer-about-january-6/

@ColumbiaBugle: @GovRonDeSantis at Press Conference today asking questions about the FBI pulling people off their January 6th Most Wanted List. “Christopher Wray was asked under oath what FBI was involved in that and he would not answer the question.” https://twitter.com/ColumbiaBugle/status/1479140071609618432

Chris Wray Lied: Secret Service Admits They Knew 13 ‘Counter-Protest’ Groups Were Organizing to Attend Washington DC Jan. 6 Protests   https://djhjmedia.com/steven/chris-wray-lied-secret-service-admits-they-knew-13-counter-protest-groups-were-organizing-to-attend-washington-dc-jan-6-protests/

@bdomenech: The most disturbing thing about January 6th: in the most surveilled area of the most surveilled city in America, our authorities still have apparently no idea who planted those pipe bombs.

Trump: “Joe Biden’s voice is now the voice of desperation and despair. His handlers gave him a speech to read yesterday…Part of their panic is the realization that, just like the Russian Collusion Hoax, they cannot sustain the preposterous fabrications about January 6 much longer…a Pelosi-led security failure…   https://twitter.com/charliespiering/status/1479479513696321539/photo/1

@nataliejohnsonn: 24 (GOP) members of Congress were shot at (by a Bernie Sanders supporter). A member of leadership (Scalise) had a bullet put in him. It was talked about for 2 weeks. There were no anniversaries. No Hamilton actors singing songs. Jan. 6 was a dark, embarrassing day. People are rightfully angry with the disparity in coverage.

@TudorDixon: Here’s a totally random reminder that Dem Governor @GretchenWhitmer led her own “insurrection” back in 2012 at the Michigan Capitol because Republicans proposed a Right to Work law. It got violent. Here she is bragging about it.  https://twitter.com/TudorDixon/status/1479161986781003780

GOP Rep. @AnthonySabatini: 2 days after an Antifa terrorist attempted to blow up the rally I spoke at with a pipe bomb, the mainstream media has still refused to report the story

8 Times Left-Wing Protesters Broke into Government Buildings and Assaulted Democracy
https://thefederalist.com/2022/01/07/8-times-left-wing-protesters-broke-into-government-buildings-and-assaulted-democracy/

A Tale of Two Authoritarians – The appearance of Dick Cheney in the House of Representatives on the anniversary of January 6th helped identify the true villain on the scene
    I don’t mean to understate the seriousness of January 6th, even though it’s been absurdly misreported for over a year now. No one from a country where these things actually happen could mistake 1/6 for “a coup .”… The reason it wasn’t worse is because Trump has also been constantly mislabeled as a Hitler, Stalin, or Pinochet. The man has no attention span, no interest in planning or strategy, and most importantly, no ability to maintain relationships with the type of people who do have those qualities… Even if he wanted to overturn “democracy itself” — I don’t believe he does, but let’s say — Trump has proven over and over he lacks the qualities a politician would need to make that happen…
   All those things Trump is rumored to be, Dick Cheney actually is. That’s why it’s so significant that he appeared on the floor of the House yesterday to be slobbered over by the Adam Schiffs and Nancy Pelosis of the world. Dick Cheney did more to destroy democracy in ten minutes of his Vice Presidency than Donald Trump did in four years…
    Cheney institutionalized executive assassination, torture, mass surveillance, secret prisons, secret budgeting, and the wholesale elimination of congressional oversight over most of his program, turning the world into what one Pentagon adviser who talked to Seymour Hersh back in the day called a “global free-fire zone.”… The core principle of Cheney’s politics was protecting his new bureaucracies of murder and open-ended detention from legal challenge. That meant creating structures that were legally invisible…For thirteen years after Dick Cheney left the Vice President’s office, the United States remained committed to a ruthless manhunt of a person whose chief “crime” was the publishing of details of Cheney’s secret authoritarian state, from the “Gitmo files,” to the Afghan and Iraqi war logs, to the Collateral Murder video.
    To go after Assange, the Biden (and Trump) administrations used the Espionage Act, a dystopian law from the Woodrow Wilson era written so broadly that being charged under it is essentially part of what defines a person as guilty of the crime. Barack Obama used it to go after leakers eight times…
https://taibbi.substack.com/p/a-tale-of-two-authoritarians

DC Police Release New Audio, Video, and Photos from Investigation of U.S. Capitol Police Killing of Ashli Babbitt – She was unarmed, and a 14-year Air Force veteran…
https://www.judicialwatch.org/jw-dc-police-babbitt/

EXCLUSIVE from @JudicialWatch: Audio of DC police interview with Lt. Michael Byrd, the US Capitol Police officer who shot and killed #AhsliBabbitt.  Records show he refused to cooperate with DC police investigation of her homicide.  Lt. Byrd invoked his right to a lawyer and the interview ended in two minutes.   https://twitter.com/TomFitton/status/1479472380909166592

@RNCResearch: Biden tells victims of last week’s Colorado wildfires that he once “had lightning strike our home and almost lose our home.” That is a lie. According to a 2004 AP report, it was “a small fire…contained to the kitchen” that “was under control in 20 minutes.”
https://twitter.com/RNCResearch/status/1479629589303472131

@BGOnTheScene: A caravan of over a dozen private vehicles with taped-over license plates pulls up, the Patriot Front members load up their shields and flags outside Soldier Field here in Chicago
https://twitter.com/BGOnTheScene/status/1479931520215576576
    Ex-CIA ops agent @T_S_P_O_O_K_Y: It’s illegal to tape over license plates…this tells us all that the Feds did this and they got special dispensation from the Chicago PD to do this…

@BGOnTheScene: A group of about 50 Patriot Front members has just marched over to the March for Life crowd here in Chicago  https://twitter.com/BGOnTheScene/status/1479911692461039618

@kylenabecker: Tell-tale signs of a “right-wing extremist” group: Matching 32×34 khakis from Kohl’s (No ‘dad bods’); Everybody wearing masks outdoors like Covid Karens; Rolled up American flags in back of dirty pickups; Duct tape over license plates which is totally not illegal

Ex-Seal that got bin Laden @mchooyah: I’m betting that the young FBI guys posing as right-wing protesters are being told by superiors that they are “in deep cover” to “preserve democracy and The Constitution“.

The mysterious death of Democratic National Committee worker Seth Rich and the FBI’s battle to keep documents about it secret – One reason the case received a lot of publicity is that US intelligence officials blamed Russia for hacking into the DNC and giving the documents to WikiLeaks. If the document leak were an inside job, instead, it would mean Russia did not play the role intelligence officials claimed, at the same time some top officials were also fabricating links between Russia and Donald Trump, and at the same time an FBI attorney was doctoring documents to improperly obtain a wiretap against a Trump campaign associate as a “Russian spy.”…
https://sharylattkisson.com/2022/01/read-fbi-foi-fight-in-seth-rich-death/?s=02

The Hunter Connection? Kazakh Security Chief Arrested for Treason Was “Close Friends” With Bidens  https://www.zerohedge.com/geopolitical/palace-coup-kazakh-security-chief-arrested-treason-was-close-friends-hunter-biden

NYC Mayor Eric Adams allows new law to take effect Sunday that will allow 800,000 non-citizens to vote in local elections as early as next year (How about foreign mail-in ballots?)
https://www.dailymail.co.uk/news/article-10383353/Watershed-moment-NYC-New-law-allows-noncitizens-vote.html

Let us close out the week with this offering courtesy of Greg Hunter interviewing Dr Pierre Kory

(Greg Hunter)

Huge Number of Vax Deaths & It’s Getting Worse – Dr. Pierre Kory

By Greg Hunter On January 8, 2022 In Political Analysis 41 Commentshttps://usawatchdog.com/huge-number-of-vax-deaths-its-getting-worse-dr-pierre-kory/

Huge Number of Vax Deaths & It’s Getting Worse – Dr. Pierre Kory

Inbox

Huge Number of Vax Deaths & It’s Getting Worse – Dr. Pierre Kory | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com

World renowned CV19 critical care and pulmonary expert Dr. Pierre Kory says the data is clear the CV19 injections are “not safe, not effective” and shows they are causing a huge number of deaths. It’s going to get much worse if we don’t stop the shots. Dr. Kory warns, “They already broke death records with these vaccines almost a year ago. Now, you are starting to see it in actuarial data with life insurance companies. The life insurance companies have been paying out claims like they never have before, and they are noticing the deaths cannot be explained by Covid. If you look at the actual morbidity and mortality from the CDC . . . 2019, 2020 and 2021 in the ages of 18 to 64 . . . you’ll see in America, starting in quarter two of the year 2021 (when the vaccines started), the mortalities started to rise, and it rose from 120% above normal to 140% above normal, and it’s far exceeded the death rates in 2020. The difference in 2020 and 2021, we had covid in both years. In 2021, we had the vaccines. They know the amount of deaths they are reporting cannot be explained by Covid. . . . There is something else driving a huge and extremely terrifying mortality signal in the U.S. population. To think that it is anything but the vaccines, if we get this wrong and if you keep saying they are safe, that line which is already in a significant and steep incline will continue the more we boost and the more we vaccinate. . . . This has to stop. We have to stop, people are dying.”

Meanwhile, the captured regulatory agencies like the CDC and FDA are trashing and cutting off proven scientific cures for Covid such as Ivermectin. Dr. Kory says Ivermectin has been proven effective in defeating Covid infections, and he says, “It is “one of the safest drugs ever brought to market.” Dr. Kory also says the so-called experimental vaccines “are not safe and not effective.” So, why do government agencies push them anyway? Dr. Kory says, “I have had a front row seat to see this.” . . . And he goes on to say government agencies are suffering from “regulatory capture” by big Pharma. Meaning, the FDA and CDC push ineffective and dangerous vaccines so Big Pharma can make money off them, while disregarding cheaper, safer and more effective drugs like Ivermectin. Dr Kory gives a real-world example during the pandemic and explains, “Prescriptions in this country (for Ivermectin) in August were hitting 90,000 per week. So many doctors were using it for Covid that it spooked the pharmaceutical companies. . . . In response to the massive uptake in the use of Ivermectin by physicians with prescriptions and pharmacists filling them, the CDC went on the attack. They sent a bulletin to every state department of health which was full of propaganda and misinformation screaming the FDA has not approved Ivermectin (for treating Covid) and it’s not a proven drug, and it’s dangerous and there are overdoses and all of these things that were false. It went to all state departments of health. But guess what happened next? The medical boards and the pharmacy boards started sending that to every licensed physician and pharmacist in the land. The average physician and pharmacist, I am sorry to say this, is not well read. They are not keeping up with data. They are overwhelmed and they are easily influenced. That’s why in this country you have a war between the physicians that know that Ivermectin is effective . . . and are at war with the pharmacies. A huge proportion of pharmacists will refuse to fill a decades-old safe drug for Covid because they have been threatened and manipulated by their boards. They are afraid to lose their licenses. It all smoke. It’s all B.S. because you cannot lose your license for use of a safe drug. . . . We need our doctors to do doctoring, and we need our pharmacists to do pharmacy and stop being influenced by propaganda by pharmaceutical companies who don’t want you to use this drug. We have to stand up, and we have to resist on behalf of our patients. We are finding that with compounding pharmacies and small pharmacies we can still get access (to Ivermectin), but it is a battle and you do have to navigate.”

Former Pfizer VP Dr. Michael Yeadon said this week, “Max vaccination is leading to mass death.” Dr. Kory agrees and explains, “It’s not only data from a life insurance company that came out this week that is based on CDC data that can’t be explained by Covid alone, there are huge increases of dying in this country this year. . . . They have done huge analysis of the European mortality data as well as the U.S. mortality data and they controlled for vaccination status. They found that for every age range that they looked at, the all-cause mortality of the vaccinated were increased over the unvaccinated. All-cause mortality and that means that you are more likely to die of something if you are vaccinated. . . . All-cause mortality are coming out of actual databases by credible scientists. You have life insurance companies showing the data, and you have our own federal government showing unexplained large rises in dying. . . . Don’t you think a good scientific question and a good hypothesis to test would be ‘Could these be the vaccines?’ The answer is ‘the vaccines,’ and I cannot find a better fit to answering that hypothesis than that, it’s this mass explosion of this vaccination policy with single, double and booster shots. It’s going like wildfire through the population. If the mortality of the vaccinated is higher than the unvaccinated, you have the data that you can safely and confidently conclude the vaccines are associated with and causing death.”

In closing, Dr. Kory says, “What has happened in the last month or so is the data for adverse reactions and effects are no longer hidden and suppressed. They are coming out on servers . . . and actuarial tables.”

Dr. Kory tells people to go to the Front Line Covid-19 Critical Care Alliance website and get any and all information for treating Covid-19 for free.

Join Greg Hunter as he goes One-on-One with Dr. Pierre Kory, one of the top Pulmonary and Covid Critical Care experts on the planet, who is co-founder of the Front Line Covid-19 Critical Care Alliance (flccc.net). (There is much more in the nearly 59 min. interview)

(To Donate to USWatchdog.com Click Here)

After the Interview:

Dr. Kory has said in past interviews that history will also not be kind to Dr Fauci. Dr. Kory contends Dr. Fauci made nearly every decision in favor of Big Pharma and not the public.

All the information is free on Front Line Covid-19 Critical Care Alliance website flccc.net.

If you want donate to the FLCCC Alliance click here. The Front Line Covid-19 Critical Care Alliance (FLCCC Alliance) is a 501c3 non-profit organization.

Huge Number of Vax Deaths & It’s Getting Worse – Dr. Pierre Kory

Huge Number of Vax Deaths & It’s Getting Worse – Dr. Pierre Kory | Greg Hunter’s USAWatchdog

I will see you on TUESDAY night/

end

Greg Hunter via aweber.com	Jan 8, 2022, 11:57 PM (8 hours ago)
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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

Pam and Russ Martens: Fed’s repo loans propped up Deutschebank and its counterparties

Sri Lanka sells monetary gold as forex reserves drop

Robert Lambourne: BIS gold swaps fell slightly in December; no hint of ‘Basel III’ influence

James Turk: My perspective on money and liberty

Here’s Why Record-High Lithium Prices Are Here To Stay

Bitcoin Loses $40k, Ether Below $3k As Cryptos Suffer Worst Start To Year… Ever

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

Futures Resume Tumbling After Yields Spike To New 2 Year High

3 a./NORTH KOREA/ SOUTH KOREA

Japan Drops All Vaxxine Mandates, Places Myocarditis Warning on Label

3c CHINA

China Seals Off Tianjin As Omicron Outbreak Intensifies With Olympics Just Weeks Away

Top Chinese Tutoring Company Fires 60,000 Workers Amid Brutal Regulatory Crackdown

4/EUROPEAN AFFAIRS

British Military Deploys 200 People To London Hospitals As Staffing Shortages Bite

European Leaders Double Down On Demonizing Unvaxx’d But Jabs Fail To Stop Transmission

Over 160 Cases Of ‘Flurona’ Found in England – News Punch

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

UK Preparing “High Impact” Sanctions On Russia Over Ukraine

Iran Hails Nuke Talk Progress, But Israel Warns: ‘We Won’t Be Bound By Any Deal’

6.Global Issues

Life insurance policies can refuse payouts for the jabbed because covid vaccines are “medical experiments”

Covid “positive” patients could be denied coverage until they recover

Fuellmich January update

More Good News on Ivermectin

Ivermectin Useful in All Stages of COVID

Doctors Urge Acceptance of Ivermectin to Save Lives

The International Ivermectin for COVID Conference

Shock Video: Qatari Soccer Player Collapses From Heart Attack on Field

clif high tweet: “People of Kazakhstan are arresting vaxx center people.”

Novavax: Soon to be FDA-Authorized COVID-19 Vaccine for the “Christian Pro-life” Population?

January 7, 2022 5:34 pm

Fact Check: “Christianity” and the Christian Religion is NOT Found in the Bible – The Person Jesus Christ Is

January 9, 2022 7:28 pm

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

Australian Gov’t Weighs Whether To Bar Djokovic For 3 Years After Judge Orders Immediate Release

Why The Kazakhstan Crisis Is A Much Bigger Deal Than Western Media Is Letting On

Kazakh Chaos On Cue Ahead Of Crunch US-Russia Security Negotiations

Kazakh Leader Says Order Restored: “Coup” Thwarted & 164 Killed – 8,000 Arrests

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

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

USA trading day in Graph Form

Citius, Altius, Debilius: Dip-Buyers Rescue Tech-Wreck As Rate-Hike-Odds Soar

Supplies Still Limited More Than A Year After Monoclonal Antibodies Authorized For Treating COVID-19

Lack of Public Messaging

Efficacy With Omicron?

Biden Admin Cuts Florida’s Weekly Monoclonal Shipment In Half

Chaos Reigns In Schools From Chicago To NYC As Thousands Of Students Miss Classes

Chicago Schools Close For 4th Day As Anti-Science Teachers’ Union Refuses To Budge

Vaccine definition was changed as COVID-19 virus shots weakened

Amazon Cuts COVID-19 Paid-Leave To 40 Hours For US Employees, Following Walmart

CDC Director Sheepishly Admits Justice Sotomayor Issued COVID Misinformation On Hospitalized Kids

TSA Checkpoints Close Amid COVID Outbreak, Adding To Travel Woes

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