JAN 14//GOLD CLOSED DOWN $5.05 TO $1815.15//SILVER CLOSED DOWN 27 CENTS TO $22.92//GOLD STANDING FOR JANUARY RISES BY 7200 OZ : NEW STANDING 12.416 TONNES//SILVER OZ STANDING REMAINS CONSTANT AT 13.615 MILLION OZ//COVID COMMENTARIES/VACCINE MANDATE UPDATES/VACCINE IMPACT: PROJECT VERITASE RECEIVES DARPA ACCOUNT OF FAUCI’S FUNDING AND GAIN OF FUNCTION ACTIVITIES IN WUHAN CHINA & HOW IVERMECTIN/HCQ WERE PERFECT REMEDIES TO THWART THE VIRUS//SENATOR JOHNSON WANTS TO INTERVIEW THE MARINE WHO PROVIDED THE DARPA ACCOUNT//USA RETAIL SALES FOR LAST MONTH FALTERS BADLY/U.MICHIGAN SENTIMENT FALLS/SWAMP STORIES FOR YOU TONIGHT//

JAN 14/2022/

January 13, 2022 · by harveyorgan · in Uncategorized · Leave a comment ·Edit

GOLD; DOWN $5.05 to $1815.85


SILVER: $22.92 DOWN 21 CENTS

ACCESS MARKET: GOLD: 1817.55.. 

SILVER: $22.92

Bitcoin:  morning price: 42,022 up 22

Bitcoin: afternoon price: 42,041 up 41

Platinum price: closing down $1.25 to $972.90

Palladium price; closing down  $12.40  at $1880,55

END

end

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comex notices//JPMorgan  notices filed  COMEX//NOTICES FILED 0/2

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,821.200000000 USD
INTENT DATE: 01/13/2022 DELIVERY DATE: 01/18/2022
FIRM ORG FIRM NAME ISSUED STOPPED


624 H BOFA SECURITIES 2
685 C RJ OBRIEN 1
905 C ADM 1


TOTAL: 2 2
MONTH TO DATE: 3,921


NUMBER OF NOTICES FILED TODAY FOR  JAN. CONTRACT: 2 NOTICE(S) FOR 200 OZ  (0.00622  TONNES)

total notices so far:  3921 contracts for 392,100 oz (12.195 tonnes)

SILVER NOTICES:

0 NOTICE(S) FILED TODAY FOR  nil   OZ/

total number of notices filed so far this month 2336  :  for 11,680,000  oz

GLD

WITH GOLD DOWN $5.05

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS): NO CHANGES IN GOLD INVENTORY AT 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: 976.21 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 21 CENTS:/:

NO CHANGES IN SILVER INVENTORY: 

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 529.780 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE


SILVER COMEX OI  ROSE BY A  STRONG 732 CONTRACTS TO 146,876  AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020…... WITH THE $0.02 LOSS IN SILVER PRICING AT THE COMEX ON THURSDAY.  OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.02) BUT WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A HUGE GAIN OF 1232 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 NIL 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  -19

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 10 days, total  contracts: :  5864 contracts or 29.320 million oz  OR 2.932 MILLION OZ PER DAY. (586 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 5864 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 29.320 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 732 WITH OUR 2 CENT LOSS SILVER PRICING AT THE COMEX// THURSDAY  THE CME NOTIFIED US THAT WE HAD A  GOOD SIZED EFP ISSUANCE OF  500 CONTRACTS( 500 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 NIL QUEUE JUMP //NEW STANDING 13.615, MILLION OZ//  .. WE HAD A HUGE SIZED GAIN OF 1232 OI CONTRACTS ON THE TWO EXCHANGES FOR 6.160 MILLION OZ//

WE HAD 0 NOTICES FILED TODAY FOR nil OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A GIGANTIC 15,240 TO 531,871, AND FURTHER FROM  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: -3110  CONTRACTS

.

THE HUGE SIZED DECREASE IN COMEX OI CAME DESPITE OUR SMALL LOSS IN PRICE OF $5.75//COMEX GOLD TRADING/THURSDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD SOME LONG LIQUIDATION  AS THE TOTAL LOSS ON OUR TWO EXCHANGES TOTALLED A STRONG SIZED 10,570 CONTRACTS… 

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S STRONG 7300 OZ QUEUE. JUMP//NEW STANDING: 12.416 TONNES      

YET ALL OF..THIS HAPPENED WITH OUR SMAL LOSS IN PRICE OF $5.75 WITH RESPECT TO THURSDAY’S TRADING

WE HAD  A HUGE SIZED LOSS OF 14,130  OI CONTRACTS (43.95 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A SMALL SIZED  1110 CONTRACTS:

FOR FEB 1110  ALL OTHER MONTHS ZERO//TOTAL: 1110 

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 531,871.

IN ESSENCE WE HAVE A  GIGANTIC SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 15,240, WITH 15,240 CONTRACTS DECREASED AT THE COMEX AND 1110 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 10,570 CONTRACTS OR 32.877TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1110) ACCOMPANYING THE GIGANTIC SIZED LOSS IN COMEX OI (15,240): TOTAL LOSS IN THE TWO EXCHANGES 14,130 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 7300 OZ QUEUE. JUMP.//NEW STANDING 12.416 TONNES  3)ZERO LONG LIQUIDATION,4)  GIGANTIC SIZED COMEX OI. LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL

SPREADING OPERATIONS

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

SPREADING LIQUIDATION HAS NOW COMMENCED   AS WE HEAD TOWARDS THE  NEW ACTIVE FRONT MONTH OF 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 : 25,334 CONTRACTS OR 2,533,400 oz OR 78.80  TONNES (10 TRADING DAY(S) AND THUS AVERAGING: 2533 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES: 78.80 TONNES

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

THUS EFP TRANSFERS REPRESENTS  78.80/3550 x 100% TONNES  2.21% 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 732 CONTRACTS TO 146,876  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 500 CONTRACTS

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

MAR 500  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  500 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 736 CONTRACTS AND ADD TO THE 500 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE SIZED GAIN OF 1232 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 6.160 MILLION  OZ, 

OCCURRED WITH OUR $0.02 LOSS IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

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

4. Chris Powell of GATA provides to us very important physical commentaries

5. Other gold commentaries

6. Commodity commentaries/cryptocurrencies

3. ASIAN AFFAIRS

i)FRIDAY MORNING THURSDAY  NIGHT

SHANGHAI CLOSED DOWN 34.00 PTS OR 0.96%      //Hang Sang CLOSED DOWN 46.45 PTS OR 0.19% /The Nikkei closed DOWN 364,85 PTS OR 1.28%      //Australia’s all ordinaires CLOSED DOWN 1.03%  /Chinese yuan (ONSHORE) closed UP 6.3531    /Oil UP TO 82.53 dollars per barrel for WTI and UP TO 84.98 for Brent. Stocks in Europe OPENED  ALL RED     //  ONSHORE YUAN CLOSED UP  AGAINST THE DOLLAR AT 6.3531. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3591: /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 GIGANTIC SIZED 15,240 CONTRACTS  AND FURTHER FROM 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 HUGE COMEX DECREASE OCCURRED WITH OUR SMALL LOSS OF $5.75 IN GOLD PRICING THURSDAY’S COMEX TRADING. WE ALSO HAD A SMALL EFP (1110 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 SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 110 EFP CONTRACTS WERE ISSUED:  ;: ,  DEC  :  0  & FEB. 1110 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  1110 CONTRACTS 

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

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUGE SIZED 10,570 TOTAL CONTRACTS IN THAT 1110 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A HUGE SIZED  COMEX OI LOSS OF 15,240  CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN   (12.416),

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

DEC 2021: 112.217 TONNES

NOV.  8.074 TONNES

OCT.    57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

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

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT FELL $5.75)

AND THEY WERE  SUCCESSFUL IN FLEECING SOME LONGS AS THE TOTAL LOSS ON THE TWO EXCHANGES REGISTERED 43,95 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (12.416 TONNES)…

WE HAD – 3110 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET LOSS ON THE TWO EXCHANGES 14,130 CONTRACTS OR 1,413,000 OZ OR 43.95 TONNES

Estimated gold volume today: 180,467 poor///

Confirmed volume yesterday: 316,909 contracts  fair

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD 

JAN 14
COMEX GOLD  

Gold
GoldOunces
Withdrawals from Dealers Inventory in oznil oz
Withdrawals from Customer Inventory in oz 96.45 ozBrinks 3 kilobars                                                                                                                            
Deposit to the Dealer Inventory in oznilOZ            
Deposits to the Customer Inventory, in oz      nil                                                
No of oz served (contracts) today2  notice(s)200 OZ0.00622 TONNES
No of oz to be served (notices)71 contracts  7100 oz 0.2208 TONNES  
Total monthly oz gold served (contracts) so far this month3921 notices 3,92,100 OZ12.195 TONNES  
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthxxx oz
Gold

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

1 customer withdrawals

i) Out of Brinks:  96.45 oz (3 kilobars)

ADJUSTMENTS: 2 Dealer to customer

i) Delaware  7519.177 oz

ii) Malca  20,737.395 oz( 645 kilobars)

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 73 stand for JANUARY LOSING 1520 contracts.  We had 1593 notices filed on THURSDAY, so we GAINED 73 contracts or an additional 7300 oz will stand for

gold in this very non active delivery month of January. The resulting queue jump equates to 0.2270 tonnes, 

FEBRUARY LOST 37,601 CONTRACTS TO 241,437

March GAINED 23 contracts to stand at 2322..

We had 2 notice(s) filed today for 200  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 12  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 (3921) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN: 73 CONTRACTS ) minus the number of notices served upon today  2 x 100 oz per contract equals 399,200 OZ  OR 12.416 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 (3921) x 100 oz+   (73)  OI for the front month minus the number of notices served upon today (2} x 100 oz} which equals 399,200 oz standing OR 12,416 TONNES in this NON active delivery month of JAN. 

We GAINED 73 contracts or an additional  7300 oz of gold will stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING:  12.416 TONNES  (HUGE FOR A JANUARY DELIVERY MONTH

IF THIS HOLDS TO THE END OF THE MONTH, THIS WILL BE THE HIGHEST EVER RECORDED GOLD STANDING FOR A JANUARY, GENERALLY A VERY POOR 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: 33,617,146.897 OZ (1045.63 TONNES)

TOTAL ELIGIBLE GOLD: 16,036,509.928 OZ (498.80 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,580,633.969 OZ  (546.83 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,927,616.0 OZ (REG GOLD- PLEDGED GOLD)  495.41 tonnes

END

JANUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//JAN 14

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory677,776.054  oz BrinksCNTJPM                                                                                                                       
Deposits to the Dealer InventorynilOZ                   
Deposits to the Customer Inventory579,003.800 ozJPMorgan                                                                                   
No of oz served today (contracts)CONTRACT(S)nil  OZ) 
No of oz to be served (notices)387 contracts (1,935,000 oz)
Total monthly oz silver served (contracts)2336 contracts 11,680,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

And now for the wild silver comex results

we had 0 deposits into the dealer

total dealer deposits:  nil       oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

We had 1 deposits

i)Into JPMorgan: 579,003.800 oz

total:  579,003.800 oz

JPMorgan has a total silver weight: 184.922 million oz/353.279 million =52.33% of comex 

ii) Comex withdrawals: 3

a)  out of Brinks:  6763.94 oz

b) Out of JPMorgan:  593,878.164 oz

c) Out of CNT 77133.950  oz

total withdrawal 885,722.405 oz

we had 0 adjustment

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.331 MILLION OZ

TOTAL REG + ELIG. 353.068 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: 185 NOTICES OR 925,000 OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 387 CONTRACTS LOSING 0 contracts on the day

We had 0 notices filed for THURSDAY 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 LOSS OF 9 CONTRACTS DOWN TO 702

FOR MARCH WE HAD A LOSS OF 585 CONTRACTS UP TO 113,911 CONTRACTS.

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

Comex volumes: 48,681poor// est. volume today

Comex volume: confirmed YESTERDAY: 59,095 contracts (poor)

To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at  2336 x 5,000 oz =. 11,680,000 oz 

to which we add the difference between the open interest for the front month of JAN (387) 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: 2336 (notices served so far) x 5000 oz + OI for front month of JAN (387)  – number of notices served upon today (0) x 5000 oz of silver standing for the JAN contract month equates 13,615,000 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 14/ WITH GOLD DOWN $5.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 976.21 TONNES

JAN 13/WITH GOLD DOWN $5.75: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

JAN 12/WITH GOLD UP $8.65//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

JAN 11/WITH GOLD UP $19.25/A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES FROM THE GLD/INVENTORY RESTS AT 976.21 TONNES

JAN 10/WITH GOLD UP $2.00/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 977.08 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: 976.21 TONNES

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

SLV.

JAN 14/WITH SILVER DOWN 21 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 529.780 MILLION OZ//

JAN 13/WITH SILVER DOWN 2 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 832,000 OZ FROM THE SLV////INVENTORY RESTS AT 529.780 MILLION OZ

JAN 12/WITH SILVER UP 38 CENTS TODAY : NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ//

JAN 11/WITH SILVER  UP 33 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ/.

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//

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:  529.780 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

All Aboard The Inflation Freight-Train, Schiff Says Fed Doing “Too Little, Too Late”

 FRIDAY, JAN 14, 2022 – 09:30 AM

Via SchiffGold.com,

December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed’s “field of dreams” monetary policy will not stop.

“Transitory” inflation has now been running hot for a full year.

The year-on-year CPI was 7%. It was the biggest annual CPI increase since 1982.

Month-on-month, the CPI spiked another 0.5%. This was hotter than the consensus 0.4% projection.

Core CPI (stripping out food and energy — as if you don’t have to eat or put gas in your car) was up 5.5%.

Goods prices were up a staggering 10.7% That was the biggest 1-year increase since 1975.

Keep in mind, this is using the cooked government CPI formula that understates inflation. If the government was still using the formula that it used in 1982, inflation would be higher in 2021 than it was then. In fact, we’d have the highest level of inflation in history. According to ShadowStats, it would be just over 15%.

Based on the methodology the government uses to calculate housing prices (owners’ equivalent rent), housing prices were up 3.8% in 2021. Meanwhile, the actual home prices rose about 16.5%.  If you take owners’ equivalent rent out and put home prices in the calculation, 2021 CPI suddenly becomes 10%.

Some people have recently claimed we shouldn’t worry about inflation. They say that wages go up along with prices, so it’s basically a wash. But wages are not going up as fast as prices. Real wages (nominal wage increases minus CPI) were down 2.4% in 2021. That means even with your raise, you have lost purchasing power. And you’ve lost even more than the official numbers reveal. If you use an honest inflation measure, real wages were down somewhere in the neighborhood of 10.4%.

As Peter Schiff said, “Consumers are going to have to live in the real world, not in the government’s fantasy world.”

Over the last year, the dollar has gone up and gold has dropped on hot CPI data. Instead of looking at inflation, they were focused on the possibility of Fed rate hikes. But on Wednesday, the dollar got clobbered and gold held steady with modest gains. Peter said he thinks this shows investors are starting to figure out that it doesn’t matter if the Fed hikes rates.

Any rate hikes that we get are going to be too little too late to do anything to derail this inflationary freight train.”

There has been a misperception in the markets over the last year. People have focused on nominal interest rates and ignored real interest rates. In fact, real rates are historically negative.

The real interest rate is -7% using the government CPI number. The Federal Reserve is only talking about slowly raising rates to 2% over the next two years. If inflation remains constant, real rates would still be -5% after two years of hiking.

That is not a positive environment for the US dollar and investors are starting to realize that and they are dumping dollars.”

And while there wasn’t a rush into gold, at least investors didn’t dump it.

Meanwhile, if you thought the Fed was about to embark on a successful war on inflation, Jerome Powell’s Senate testimony should have cleared up any confusion.

Powell admitted that even when the Fed raises rates and ends quantitative easing, monetary policy will still be “accommodative.” Peter questioned that policy.

If we have an inflation problem; if inflation is at 7%; why are we accommodating with easy money? If the Fed really wants to fight inflation, you can’t fight inflation with an accommodative policy. That’s the type of policy you have when there is no inflation. When you’re trying to simulate a weak economy, that’s when you do loose monetary policy.”

Powell is talking out of both sides of his mouth. He’s saying he’s going to fight inflation and continue stimulating the economy. You can’t do both.

You can’t put out a fire with gasoline. But that is what Powell is bluffing that he is going to do.”

Powell is still insisting that “supply chain problems” will resolve in 2022 and lower some of the inflationary pressure.

In other words, even though the Fed, or Powell, has claimed that they were wrong about inflation being transitory, they’re basically still clinging to that lie. Because they’re just saying that the transition is going to take longer than we thought because they think the inflation problem is going to take care of itself.”

Peter called it a “field of dreams” monetary policy.

The Fed is living in this fantasy land and they just think, ‘If we print it, the supply will come.’ They think we can keep on with our easy-money supply, but just eventually, the goods are going to be there. As long as people want to buy stuff, eventually, the stuff for them to buy is somehow going to magically appear. It doesn’t work that way. Stuff has to be produced before it’s consumed.”

In this podcast, Peter also talks about Elizabeth Warren trying to blame inflation on price gouging, makes the case that Democrats are laying the foundation for price controls, and discusses Paul Tudor Jones’s bitcoin forecast.

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

3.Chris Powell of GATA provides to us very important physical commentaries

Seems that many pundits are now talking about selling the dollar and buying assets like gold

(Bloomberg/GATA)

‘Sell dollar for everything else’ is echoing across trading rooms

Submitted by admin on Thu, 2022-01-13 11:05 Section: Daily Dispatches

By Ruth Carson and Joanna Ossinger
Bloomberg News
Thursday, January 13, 2022

Sell the dollar and put money into assets such as emerging-market stocks and gold as the world’s economic recovery gathers steam, money managers say. 

A growing chorus of investors is betting the world’s reserve currency has reached a peak in a dramatic turnaround from a month ago when positioning in the greenback was the most bullish since 2015.

END

Big Macs may get to $2,000 before gold

Submitted by admin on Thu, 2022-01-13 11:43 Section: Daily Dispatches

11:49a ET Thursday, January 13, 2022

Dear Friend of GATA and Gold:

Despite yesterday’s rather sensational inflation news, inflation isn’t accelerating as much as it is breaking away from the camouflage that long has been thrown over it by the U.S. government and mainstream financial news organizations.

 

Monetary metals prices remain almost oblivious to all this, on account of the government interventions against the metals that long have been documented by GATA and similarly overlooked by mainstream financial news organizations:

https://gata.org/node/20925

Monetary metals investors may hope that the deception is becoming less sustainable. Indeed, during the great civil rights struggle in the United States in 1968, Martin Luther King quoted the Scottish historian Thomas Carlyle: “No lie can live forever.”

But the lie that there is no official intervention against gold endures this week. It’s not likely to be defeated by the cowardice of the monetary metals mining industry and financial news organizations and analysts.

If the U.S.government keeps getting its way — and if all major central banks keep cooperating — the price of a Big Mac will reach $2,000 before gold does. For no governments want people to have the option of money that competes strongly with their own.  

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

END

Alasdair Macleod: A euro catastrophe could explode the European Union

Submitted by admin on Thu, 2022-01-13 12:05 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, January 13, 2022

This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the European Central Bank, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. 

The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps.

Even in a Keynesian context, the ECB’s monetary policy is no longer to stimulate the economy but to keep the spendthrifts afloat. The situation has deteriorated so that Eurozone commercial banks appear to have credit restricted in New York, evidenced by the reluctance of the U.S. banks to enter into repo transactions with them, leading to the market failure in September 2019 when the Fed had to intervene.

An examination of the numbers strongly suggests that even Eurozone banks, insurance companies, and pension funds are no longer net buyers of Eurozone government debt. This could be because the terms are unattractive. But if that is the case it is an indictment of the ECB’s asset purchase programmes deliberately suppressing rates to the point where they are unattractive, even to normally compliant investors.

Consequently, without any savings offsets, the ECB has gone full Rudolf Havenstein, and is following similar inflationary policies to those that impoverished Germany’s middle classes and starved its labourers and the elderly in 1920-1923. 

That the German people are tolerating such an obvious destruction of their currency for the third time in a hundred years is simply astounding. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/a-euro-catastrophe-could-collapse-it?gmrefcode=gata

END

END

4.OTHER GOLD STORIES

END

5.OTHER COMMODITIES/

6.CRYPTOCURRENCIES

end

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

ONSHORE YUAN: CLOSED DOWN AT 6.3608

OFFSHORE YUAN: 6.3636

HANG SANG CLOSED UP 27.60 PTS OR 0.11%

2. Nikkei closed DOWN 276.53 PTS OR 0.96%

3. Europe stocks  ALL MOSTLY GREEN   

USA dollar INDEX DOWN TO  94.82/Euro RISES TO 1.1462-

3b Japan 10 YR bond yield: RISES TO. +.131/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 114.32/ 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:: 82.22 and Brent: 84.38-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.0.064%/Italian 10 Yr bond yield FALLS to 1.23% /SPAIN 10 YR BOND YIELD FALLS TO 0.61%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.29: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.52

3k Gold at $1821.25 silver at: 23.16   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble UP 100/100 in roubles/dollar AT 75.58

3m oil into the 82 dollar handle for WTI and 84 handle for Brent/

3n Higher foreign deposits out of China sees huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 114.32 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 .9120– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0454 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: 1.743 UP 0 BASIS PTS

USA 30 YR BOND YIELD: 2.083 DOWN 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.59

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens

FRIDAY, JAN 14, 2022 – 08:13 AM

After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the “sell tech” trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21.

The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today.

“Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we don’t expect either of these factors to end the equity rally,” said UBS Wealth Management CIO Mark Haefele in a note. “The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals.”

JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth. Wells Fargo advanced after reporting higher-than-estimated revenue. BlackRock Inc. became the first public asset manager to hit $10 trillion in assets, propelled by a surge in fourth-quarter flows into its exchange-traded funds. Here are some of the other notable pre-movers today:

  • U.S.-listed casino stocks with operations in Macau rise after the announcement of much-anticipated changes to the local casino law aimed at tightening government oversight on the world’s largest gaming market. Las Vegas Sands (LVS US) +6.6%; Melco Resorts (MLCO US) +5.5%; Wynn Resorts (WYNN US) +5.6%.
  • Apple (AAPL US) shares are up in U.S. premarket trading after Piper Sandler raises its target for the stock, saying that Apple’s set-up for 2022 is favorable. Broker adds that the tech giant’s venture into health-care and automotive markets are the next catalysts to drive the stock to a $4 trillion market cap and beyond.
  • NextPlay Technologies (NXTP US) shares jump 19% in U.S. premarket trading after giving an update for fiscal 3Q 2022 late yesterday.
  • Domino’s Pizza (DPZ US) is cut to equal-weight from overweight at Morgan Stanley, while Chipotle is upgraded to overweight from equal-weight amid a “mixed” view on restaurant stocks into 2022.
  • Amicus Therapeutics (FOLD US) advanced in postmarket trading after being upgraded to outperform from market perform at SVB Leerink, which cited the potential of a treatment for Pompe disease, should it be approved.
  • Spirit Realty dropped 4% postmarket after launching a share sale via Morgan Stanley and BofA Securities.

European equities traded poorly and followed the drop in Asia, with most sectors trading lower, weighed down once again by a soft tech sector. Euro Stoxx 50 is down 0.8%, most major indexes dropped over 1% before rising off the lows. Oil & gas is the best Stoxx 600 performer with crude trading well. European technology stocks as well as pandemic winners are leading declines after a U.S. selloff in tech shares resumed Thursday as Federal Reserve officials signaled their intention to combat inflation aggressively.  European chipmakers are down in early trading Friday: ASM International -3.5% at 9.17 a.m. CET, Infineon -0.9%, ASML -2.9%, STMicroelectronics -2.3%. Meanwhile, energy and automakers outperformed. Utilities were also in focus as French nuclear energy producer Electricite de France SA (EDF) plunged by a record as the French government confirmed plans to force it to sell more power at a steep discount to protect households from surging wholesale electricity prices, a move that could cost the state-controlled utility 7.7 billion euros ($8.8 billion) at Thursday’s market prices.

There was some good news: a majority of strategists still see the rally in European equities continuing this year. The Stoxx Europe 600 Index will rise about 5.2% to 511 index points by the end of 2022 from Wednesday’s close, according to the average of 19 forecasts in a Bloomberg survey. Equity funds once more led inflows among asset classes in the week through Jan. 12, as investors reduced cash holdings, according to BofA and EPFR Global data.

Earlier in the session, Asian stocks slid as investors offloaded technology shares on growing speculation the Federal Reserve will raise interest rates in March.  The MSCI Asia Pacific Index fell as much as 1.3% before paring losses to 0.7% in afternoon trading. Alibaba, Keyence and Sony Group were among the largest contributors to the benchmark’s slide. The Hang Seng Tech Index, which tracks China’s biggest tech firms, closed down 0.5%. Electronics makers also dragged down indexes in Japan and South Korea, with benchmarks in both nations leading the region’s drop. China’s CSI 300 Index closed at its lowest since November 2020. Asian stocks have been whipsawed this year by remarks from Fed officials as investors try to gauge the timing and scope of the anticipated interest rate hikes. The renewed weakness on Friday was triggered by comments from Fed Governor Lael Brainard, who said officials could boost rates as early as March to ensure that price pressures are brought under control. “This kind of hawkishness and a rush for rate hikes is, of course, a minus for share prices,” said Ayako Sera, a market strategist at Sumitomo Mitsui Trust Bank in Tokyo. If the Fed were to increase rates in March, “investors will want to make sure the economy remains strong despite the monetary tightening before making their move,” Sera added.  With Friday’s moves, Asia’s benchmark is set to pare its weekly gain to about 1.6%, which would still be its best weekly performance since October.    In Japan, sentiment worsened as Tokyo raised its Covid alert to the second-highest of four levels as virus cases surged. South Korea’s Kospi was also weighed down as the central bank increased its policy rate for the third time in just five months

In rates, Treasuries pared declines with stock index futures under pressure as U.S. day begins. Yields beyond the 2-year reached session highs inside Thursday’s ranges amid a global government bond selloff. Treasury yields are cheaper by 3bp to 4bp across the curve with 10- year yields around 1.7274%, fading a bigger loss earlier and slightly underperforming bunds and gilts. Asia session featured speculation about tighter global monetary policy. IG dollar issuance slate empty so far and expected to remain light ahead of U.S. holiday weekend with markets closed Monday; four names priced $3.8b Thursday.

In FX, the Bloomberg dollar spot is little changed around worst levels for the week, while NOK, JPY and CAD top the G-10 scoreboard. The yen advanced, and is set for its largest weekly advance in more than a year as speculation about a shift in the Bank of Japan’s policy spurred a further unwinding of dollar longs. The five-year Japanese government bond yield climbed to a six-year high. The volatility term structure in dollar-yen shifted higher Friday and inverted. The euro was little changed around $1.1460 and European sovereign bond yields rose, with the core underperforming the periphery. Norway’s krone and the Canadian dollar advanced as oil prices rose, with Brent trading above $85 per barrel, while the Australian and New Zealand dollars were the worst performers. The pound extended its longest winning streak in nearly two months as the U.K. economy surpassed its pre-pandemic size in November for the first time. Sweden’s krona inched down, shrugging off data showing that the nation’s inflation rate rose to the highest level in 28 years

In commodities, crude futures rally with WTI recovering to Wednesday’s best levels near $83 and Brent putting in fresh highs near $85.40. Spot gold is little changed a brief retest of the week’s highs, trading near $1,823/oz. Base metals are mixed: LME nickel adds about 2% extending its recent surge; copper holds a narrow range in the red

Looking at the day ahead now, data releases include US retail sales, industrial production and capacity utilisation for December, along with the University of Michigan’s preliminary consumer sentiment index for January and the UK’s GDP for November. Central bank speakers include ECB President Lagarde and New York Fed President Williams. Lastly, earnings releases include Citigroup, JPMorgan Chase, Wells Fargo and BlackRock.

Market Snapshot

  • S&P 500 futures up 0.3% to 4,667.00
  • STOXX Europe 600 down 0.5% to 483.71
  • MXAP down 0.8% to 195.28
  • MXAPJ down 0.5% to 639.13
  • Nikkei down 1.3% to 28,124.28
  • Topix down 1.4% to 1,977.66
  • Hang Seng Index down 0.2% to 24,383.32
  • Shanghai Composite down 1.0% to 3,521.26
  • Sensex up 0.1% to 61,320.31
  • Australia S&P/ASX 200 down 1.1% to 7,393.86
  • Kospi down 1.4% to 2,921.92
  • German 10Y yield little changed at -0.08%
  • Euro up 0.1% to $1.1467
  • Brent Futures up 0.8% to $85.16/bbl
  • Gold spot up 0.1% to $1,823.97
  • U.S. Dollar Index little changed at 94.73

Top Overnight News from Bloomberg

  • Federal Reserve Governor Christopher Waller said that three interest-rate increases this year was a “good baseline” but there may be fewer or even as many as five moves, depending on inflation
  • The U.K. and the European Union agreed to intensify post-Brexit negotiations over Northern Ireland, as Foreign Secretary Liz Truss led the British side for the first time in a meeting at her official country residence
  • Germany’s economy contracted by as much as 1% in the final quarter of 2021 as the emergence of the coronavirus’s omicron strain added to drags on output from supply snarls and the fastest inflation in three decades
  • Japan’s Government Pension Investment Fund, the world’s largest, may mull investing in Chinese government bonds if the market situation improves, GPIF President Masataka Miyazono says at a press conference in Tokyo
  • Ukraine said a cyberattack brought down the websites of several government agencies for hours. Authorities didn’t immediately comment on the source of the outage, which comes as tensions with Russia surge over its troop buildup near the border
  • Russia won’t wait “endlessly” for a security deal with NATO and progress depends on the U.S., Foreign Minister Sergei Lavrov said Friday, keeping up pressure after a week of high-level talks with the West failed to yield noticeable progress
  • Turkey’s newly appointed finance chief said the country’s inflation will peak months earlier and at a level far lower than predicted by top Wall Street banks
  • The global pressures driving inflation higher represent a “major change in trends” and will keep price growth high for the foreseeable future, Bank of Russia Governor Elvira Nabiullina said
  • North Korea appears to have fired two ballistic missiles into waters off its east coast– in what could be its third rocket-volley test in less than 10 days — hours after issuing a fresh warning to the Biden administration

A more detailed look at global markets courtesy of Newsquawk

Asian equity markets weakened amid headwinds from the US where all major indices declined led by losses in tech and consumer discretionary amid a slew of hawkish Fed speak, while mixed Chinese trade data added to the cautiousness in the region. ASX 200 (-1.1%) traded lower as tech and consumer stocks mirrored the underperformance of stateside peers and with nearly all industries on the back foot aside from utilities and gold miners. Nikkei 225 (-1.3%) briefly gave up the 28k level amid a firmer currency and source reports that BoJ policy makers are said to debate how soon they can begin signalling a rate hike. In terms of the notable movers, Fast Retailing was the biggest gainer after it reported a record Q1 net, followed by Seven & I Holdings which also benefitted post-earnings, while Hitachi Construction was at the other end of the spectrum after news that parent Hitachi will offload half its majority stake. KOSPI (-1.4%) eventually underperformed after the Bank of Korea hiked rates by 25bps for a third time in the current tightening cycle to 1.25%, as expected. BoK also noted that CPI is to stay in the 3% range for a while and BoK Governor Lee made it clear that rates will continue to be adjusted which has fuelled speculation of similar action at next month’s meeting. Hang Seng (-0.2%) and Shanghai Comp. (-1.0%) were also pressured with participants digesting the latest trade figures which showed weaker than expected Imports although Exports topped estimates. Nonetheless, the downside was somewhat limited amid ongoing expectations for PBoC easing to support the economy as the Fed moves closer towards a rate lift off and with some encouragement after Evergrande averted its first onshore debt default whereby bondholders approved a six-month postponement of bond redemption and coupon payments. Finally, 10yr JGBs retreated beneath the 151.00 level following the source report that suggested debate within the BoJ on how soon a rate increase can be signalled which could occur ahead of the 2% price target, while this coincided with an increase in the 5yr yield to a 6-year high and a weaker than previous 20yr JGB auction.

Top Asian News

  • Chinese Developer R&F Downgraded to Restricted Default by Fitch
  • Macau Cuts Casino License Tenure, Caps Float as Controls Tighten
  • Inflation Irks Asia as Japan Yields Hit Six-Year High, BOK Hikes
  • China Builders’ Dollar Bonds Slump Further; Logan, KWG Lead

The major cash equity indices in Europe remain subdued but off worst levels (Euro Stoxx 50 -0.7%; Stoxx 600 -0.6%) as the downbeat APAC mood reverberated into the region amid a slew of hawkish Fed speak, while the mixed Chinese trade data added to the concerns of a slowdown ahead of next week’s GDP metrics. Newsflow had overall been quiet during the European session ahead of the start of US earnings season, but geopolitical tensions remain hot on the radar after North Korea fired its third missile of the year (albeit landing outside Japan’s EEZ), whilst Russia closed all communication channels with the EU and exerted some time-pressure on Washington with regards to Moscow’s security demands. Back to trade, a divergence is seen between Europe and the US as the former catches up to the late accelerated sell-off on Wall Street yesterday; US equity futures have been consolidating with mild broad-based gains seen across the ES (+0.2%), YM (+0.2%), NQ (+0.2%) whilst the RTY (Unch) narrowly lags. Delving into Europe, the UK’s FTSE 100 (-0.1%) is cushioned by gains across its Oil & Gas and Financial sectors as crude oil prices and yields clamber off intraday lows, whilst the SMI (-0.3%) sees some losses countered by its heavyweight healthcare sector. Sectors in Europe are mostly in the red with a slight defensive tilt, although Oil & Gas stands as the top gainer and the only sector in the green. The downside meanwhile sees Tech following a similar sectorial underperformance seen on Wall Street and APAC overnight. In terms of individual movers, DAX-heavyweight SAP (-0.3%) conforms to the losses across tech after initially rising as a result of upgraded guidance and the announcement of a share buyback programme of up to EUR 1bln. The most notable mover of the day has been EDF (-17.5%) as the Co. withdrew guidance after noting the impact of new French price cap measures is forecast to be around EUR 8.4bln on FY22 EBITDA.

Top European News

  • EDF Slumps by Most on Record on Hit From Price Cap
  • U.K. Economy Surpasses Pre-Pandemic Size With November Surge
  • German Recovery Lags Rest of Europe on Supply Snarls, Inflation
  • HSBC Markets Chief Georges Elhedery To Take Six-Month Sabbatical

In FX, another lower low off a lower high does not bode well for the index and Buck more broadly, but some technicians will be encouraged by the fact that chart supports in the form of a Fib retracement and 100 DMA have only been breached briefly. Meanwhile, Friday may provide the Greenback with a prop via pre-weekend position squaring and US data could lend a hand if upbeat or better than expected at the very least. For now, the DXY is restrained between 94.887-626 confines, with the upside capped by a major trendline that falls just below 95.000 around 94.980, and the Dollar also hampered by pressure emanating outside the basket from the likes of the Yuan, crude oil and other commodities.

  • CAD/JPY/GBP – The Loonie has reclaimed 1.2500+ status in line with a rebound in WTI towards Usd 83/brl, but still faces stiff trendline resistance vs its US counterpart at 1.2451 and probably conscious that several multi-billion option expiries roll off either side of the 1.2500 level today. Conversely, the Yen has cleared the psychological 114.00 hurdle with some fundamental impetus coming from hawkish BoJ source reports contending that policy-setters are contemplating how soon the Bank can telegraph a rate hike that is likely to be delivered prior to inflation reaching its 2% target. Elsewhere, Sterling remains elevated above 1.3700, though unable to scale 1.3750 even with tailwinds from stronger than forecast UK GDP and IP or a narrower than feared trade gap amidst ongoing political uncertainty.
  • CHF/EUR/NZD/AUD – All narrowly divergent and contained against their US rival, with the Franc straddling 0.9100 and Euro holding within a 1.1483-51 range and immersed in hefty option expiry interest spanning 1.1395 to 1.1485 (see 7.01GMT post on the Headline Feed for details). On the flip-side, the Aussie and Kiwi have both lost a bit more momentum after probing 0.7300 and approaching 0.6900 respectively yesterday, and Aud/Usd appears to have shrugged off robust housing finance data in the run up to China’s trade balance revealing sub-consensus imports.
  • SCANDI/EM – Firmer than anticipated Swedish CPI and CPIF metrics have not offered the Sek much support, as the stripped down core ex-energy print was in line and bang on the Riksbank’s own projection. However, the Huf has been underpinned by hot Hungarian inflation and the Cnh/Cny in wake of the aforementioned Chinese trade data showing a record surplus for December and 2021 overall. In Turkey, the Try is flattish following the latest CBRT survey that predicts a weaker year-end Lira from current levels, but above record lows and still well above target CPI, while in Russia the Rub is benefiting from Brent’s rise above Usd 85.50/brl (in keeping with the Nok) against the backdrop of geopolitical and diplomatic strains as the country’s Foreign Minister declares that all lines of communication with the EU have ended.

In commodities, WTI and Brent front-month futures have been on an upward trajectory since the Wall Street close, with the former now above USD 83/bbl (vs 81.58/bbl low) and the latter north of USD 85.50/bbl (vs 83.99/bbl low) in European hours. Overall market sentiment has been a non-committal one amid a lack of fresh macro catalysts, however, geopolitical updates have been abundant: namely with Russia’s punchy rhetoric surrounding its security demand from NATO and Washington, whilst North Korea fired what is said to be ballistic missiles which landed just outside Japan’s Exclusive Economic Zone (EEZ). On the demand side of the equation, eyes remain on China’s economic and COVID situations, with the import figures indicating China’s annual crude oil imports drop for the first time in 20 years, whilst the nation grounded further flights between the US due to its zero-COVID policy. On the supply side, reports suggested that China will release oil stockpiles in the run-up to the Lunar New Year (dubbed as the largest human migration). The release is part of a coordinated plan with the US and other major consumers, according to the reports, which cited sources suggesting China will likely ramp up its releases if prices top USD 85/bbl. Turning to metals, spot gold is trading sideways and prices waned after again hitting the resistance zone around USD 1,830/oz flagged earlier this week. LME copper meanwhile remains under USD 10,000/t – subdued by the sharp slowdown in Chinese imports suggesting weaker demand, albeit annual imports of copper concentrate hit a historic high in 2021. The trade data also indicated a fall in iron ore imports as a factor of the steel production curbs imposed last year to tackle pollution and high iron ore prices.

US Event Calendar

  • 8:30am: Dec. Import Price Index YoY, est. 10.8%, prior 11.7%; MoM, est. 0.2%, prior 0.7%
    • Export Price Index YoY, est. 16.0%, prior 18.2%; MoM, est. 0.3%, prior 1.0%
  • 8:30am: Dec. Retail Sales Advance MoM, est. -0.1%, prior 0.3%
    • Dec. Retail Sales Ex Auto MoM, est. 0.1%, prior 0.3%
    • Dec. Retail Sales Ex Auto and Gas, est. -0.2%, prior 0.2%
    • Dec. Retail Sales Control Group, est. 0%, prior -0.1%
  • 9:15am: Dec. Industrial Production MoM, est. 0.2%, prior 0.5%
    • Capacity Utilization, est. 77.0%, prior 76.8%
    • Manufacturing (SIC) Production, est. 0.3%, prior 0.7%
  • 10am: Nov. Business Inventories, est. 1.3%, prior 1.2%
  • 10am: Jan. U. of Mich. Sentiment, est. 70.0, prior 70.6; Expectations, est. 67.0, prior 68.3; Current Conditions, est. 73.8, prior 74.2
    • U. of Mich. 1 Yr Inflation, est. 4.8%, prior 4.8%; 5-10 Yr Inflation, prior 2.9%

DB’s Jim Reid concludes the overnight wrap

There was no rest for markets either yesterday as the tech sell-off resumed in earnest, which came as fed funds futures moved to price in a 93% chance of a March rate hike, the highest closing probability to date. At the same time, however, the US dollar continued to weaken and has now put in its worst 3-day performance in over a year, having shed -1.25% in that time. And all this is coming just as earnings season is about to ramp up, with a number of US financials scheduled to report today ahead of an array of companies over the next few weeks.

Starting with sovereign bonds, yields on 10yr Treasuries fell a further -3.9bps yesterday, their biggest decline since mid-December, to their lowest closing level in a week, at 1.704%, with most of the price action again happening during the New York afternoon. Lower inflation breakevens helped drive the decline, with the 10yr breakeven down -3.4bps after the producer price inflation data for December came in softer than expected. Indeed, the monthly gain of +0.2% (vs. +0.4% expected) was the slowest since November 2020, and in turn that left the year-on-year measure at +9.7% (vs. +9.8% expected), which is actually a modest decline from the upwardly revised +9.8% in November. As with the previous day’s CPI reading though, there was a more inflationary interpretation for those after one, as the core PPI measure came in at a monthly +0.5% as expected, leaving the year-on-year change at an above-expected +8.3% (vs. +8.0% expected). So something for everyone but no massive surprises either way.

The latest inflation data came as numerous Fed speakers continued to match the recent hawkish tone, which helped strengthen investor conviction in the odds of a March hike as mentioned at the top. Philadelphia Fed President Harker said at an event that “My forecast is that we would have a 25 basis-point increase in March, barring any changes in the data”, and that he had 3 hikes pencilled in but “could be convinced of a fourth if inflation is not getting under control.” Separately, we heard from Governor Brainard, who appeared before the Senate Banking Committee as part of her nomination hearing to become Fed Vice Chair. She signalled that she would be open to a March hike as well, saying that they would be in a position to hike “as soon as asset purchases are terminated”, which they’re currently on course to do in March. Even President Evans, one of the most dovish members of Fed leadership, said a March rate hike and multiple hikes this year were a possibility. As it happens, today is the last we’ll hear from various Fed speakers for a while, as tomorrow they’ll be entering their blackout period ahead of the next FOMC announcement later in the month.

Staying on the Fed, Bloomberg reported overnight that President Biden has picked three nominees for the vacant slots. They include Sarah Bloom Raskin, previously Deputy Secretary of the Treasury, who’s reportedly going to be nominated to become the Vice Chair of supervision, as well as Lisa Cook and Philip Jefferson, who’d become governors. Cook is an economics professor at Michigan State University, and Jefferson is an economics professor at Davidson College in North Carolina. All 3 would require Senate confirmation, and bear in mind those choices haven’t been officially confirmed as of yet.

Over on the equity side, the main story was a further tech sell-off that sent both the NASDAQ (-2.51%) and the FANG+ index (-3.72%) lower for the first time this week, and taking the former to a 3-month low. That weakness dragged the S&P 500 (-1.5%) lower, though despite the stark headline numbers, it was only just over half of the shares in the index that were in the red on the day. Meanwhile in Europe, the STOXX 600 (-0.03%) also saw a modest decline, though the STOXX Banks (+1.10%) hit a fresh 3-year high after advancing for the 8th time in the last 9 sessions. Sovereign bond yields echoed the declines in the US too, with those on 10yr bunds (-3.1bps), OATs (-3.3bps) and BTPs (-4.6bps) all moving lower.

Following that tech-driven fall overnight on Wall Street on the back of those hawkish comments, Asian stock markets are trading lower this morning. Japan’s Nikkei (-1.42%) extended the previous session’s losses while briefly falling over -2%, as the Japanese Yen found a renewed bid amid the risk-off mood. Additionally, the Kospi (-1.37%) widened its losses, after the BOK lifted borrowing costs by 25bps to 1.25% amidst rising concerns about inflationary pressure. That takes the benchmark rate back to pre-pandemic levels after the central bank’s 25bps rate increase in August and November last year. Meanwhile, the Korean government unveiled a supplementary budget worth 14 trillion won in size to continue providing support to the economy. Elsewhere, the Hang Seng index (-0.86%), CSI (-0.60%) and Shanghai Composite (-0.53%) have all moved lower as well. Data released in China showed that exports went up +20.9% y/y in December (vs +20.0% market expectations) albeit imports in December rose +19.5% y/y less than +28.5% as anticipated. That meant that they posted a trade surplus of $94.46bn last month, above the consensus forecast for a $74.50bn surplus. Looking ahead, futures on both the S&P 500 (-0.19%) and DAX (-0.79%) are pointing to further losses later on.

Elsewhere in markets, yesterday saw another surge in European natural gas futures (+13.71%), albeit still at levels which are less than half of the peaks seen in mid-December. The latest moves came as Russia’s deputy foreign minister Sergei Ryabkov said that talks with the US had reached a “dead end”, amidst strong tensions between the two sides with Russia rejecting any further expansion of NATO as well as calls to pull back its forces from near Ukraine’s border. In response, the Russian ruble weakened -2.31% against the US dollar yesterday, whilst the MOEX stock index (-4.05%) suffered its worst daily performance since April 2020.

Turning to the Covid-19 pandemic, the decline in UK cases continued to accelerate yesterday, with the number of cases over the past week now down -24% relative to the previous 7-day period. Looking at England specifically, the total number of Covid-19 patients in hospital is now down for a 3rd day running, and in London the total number in hospital is down to its lowest level since New Year’s Eve.

To the day ahead now, and data releases include US retail sales, industrial production and capacity utilisation for December, along with the University of Michigan’s preliminary consumer sentiment index for January and the UK’s GDP for November. Central bank speakers include ECB President Lagarde and New York Fed President Williams. Lastly, earnings releases include Citigroup, JPMorgan Chase, Wells Fargo and BlackRock.

3. ASIAN AFFAIRS

i)FRIDAY MORNING THURSDAY  NIGHT

SHANGHAI CLOSED DOWN 34.00 PTS OR 0.96%      //Hang Sang CLOSED DOWN 46.45 PTS OR 0.19% /The Nikkei closed DOWN 364,85 PTS OR 1.28%      //Australia’s all ordinaires CLOSED DOWN 1.03%  /Chinese yuan (ONSHORE) closed UP 6.3531    /Oil UP TO 82.53 dollars per barrel for WTI and UP TO 84.98 for Brent. Stocks in Europe OPENED  ALL RED     //  ONSHORE YUAN CLOSED UP  AGAINST THE DOLLAR AT 6.3531. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3591: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

After North Korea fires two hypersonic missiles, the USA is set to Kim et al with more sanctions.

(zerohedge)

US Hits N.Korea With More Sanctions As Kim Hails Tests Of Hypersonic Nuclear “War Deterrent”

THURSDAY, JAN 13, 2022 – 05:40 PM

Following two North Korean missile launches which came within the last week, with the Tuesday test being claimed by Pyongyang to have been it’s third ‘successful’ hypersonic projectile test, the Biden administration extended US sanctions on North Korean as well as Russian officials believed involved in Pyongyang’s ballistic missile program.

The fresh Treasury Department sanctions target five individuals responsible for procuring parts for North Korea’s “weapons of mass destruction (WMD)” program, as the statement reads. Further it described the new punitive actions “in line with U.S. efforts to prevent the advancement of the DPRK’s WMD and ballistic missile programs” and which “impede attempts by Pyongyang to proliferate related technologies.”January 11, 2022 photo released by KCNA, via Reuters

The Treasury counted “the DPRK’s six ballistic missile launches since September 2021, each of which violated multiple United Nations Security Council Resolutions (UNSCRs).”

Amid completely stalled Washington-Pyongyang talks, which haven’t been a reality since the Trump administration – and as Seoul has recently pushed for the resumption of direct dialogue on denuclearizing the Korean peninsula – US Secretary of State Antony Blinken has lately vowed to use “every appropriate tool” to go after North Korea’s weapons programs, “which constitute a serious threat to international peace and security and undermine the global nonproliferation regime.”

The Wednesday Treasury statement still held out hope for the possibility of “dialogue and diplomacy” with the DPRK; however, the latest missile tests are seen as a direct message to the West that King Jong-un is expanding his arsenal and capability.

ABC News details of Tuesday’s launch which went in the direction of Japan, based on state media sources:

The Korean Central News Agency said Tuesday’s launch involved a hypersonic glide vehicle, which after its release from the rocket booster demonstrated “glide jump flight” and “corkscrew maneuvering” before hitting a sea target 1,000 kilometers (621 miles) away. Photos released by the agency showed a missile mounted with a pointed cone-shaped payload soaring into the sky while leaving a trail of orange flames and Kim watching from a small cabin with top officials, including his sister Kim Yo Jong.

The projectile is believed to have reached Mach 10, alarming intelligence agencies in the West, and which even briefly resulted in an FAA order to ground commercial flights on the US West coast (for an estimated five to seven minutes).KCNA via Reuters

Kim this week hailed the country’s claimed hypersonics program, which officials in the West remain skeptical of – doubting that it’s very far along at all – as part of increasing North Korea’s nuclear “war deterrent”.

END

3B JAPAN

end

3c CHINA

CHINA/COVID

true death toll in China is 366 times the official figures states economist:

China’s True COVID-19 Death Toll 366 Times Higher Than Official Figure, Economist Says

Inbox

Robert Hryniak8:01 AM (14 minutes ago)
to

Like always there is no truth from China

https://www.theepochtimes.com/china-underreporting-covid-19-death-rate-by-17000-percent-economist-says_4211606.htmEND

4/EUROPEAN AFFAIRS

//UKCOVID/VACCINE

How Boris fumbled on the COVID creating a crisis in the UK.

(Bill Blain)

UK In Crisis: Should COVID Claim Another Victim While Self-Righteous Wrath Sets The Tone?

 FRIDAY, JAN 14, 2022 – 03:30 AM

Authored by Bill Blain via MorningPorridge.com,

“My chances of being PM are about as good as the chances of finding Elvis on Mars, or my being reincarnated as an olive.”

Boris apologised – but is it too late? Resolving the innumerable crises facing the UK requires political focus, and less of the politically expedient indignation being displayed in parliament. It won’t make anything better, threatens further destabilisation, and diminish the UK’s global competitiveness..  

The objective of the Morning Porridge is to connect the dots on markets – so let me ask the most pertinent question today: Would you be a buyer of UK plc? Probably not.

The optics from Westminster look terrible. The prospects for the nation look even worse. Its situation normal: FUBAR!

Coronavirus was a terrible and tragic event for innumerable families. Many people are justifiably angry having watched from afar as loved ones died alone. Yet, the events in parliament yesterday were a masterpiece of staged-managed faux indignation. The self-appointed Covid Truth and Reconciliation Committee has a whole list of names pricked, queued for the tumbril, and a terminal appointment on the Tower’s chopping board – like that is going to change anything…

The problem is such grandstanding while the government is on the ropes doesn’t achieve much – except make a bad situation worse. While Boris flounders, we can forget any meaningful effort to deal with the impact of soaring Energy prices on consumers, addressing the insatiable appetite of the NHS for more and more cash to do less and less, and as for the perceived benefits of Brexit? Well, that’s a boat that’s already sailed….

None of the critical crises blighting an increasingly dysfunctional Blighty look likely to be fixed as government lurches from crisis to catastrophe.

Every politician is looking to their own survival or advancement. Prime Minister in Waiting, Rishi Sunak, made sure he was out of London and singularly failed to post support for the PM. The leader of the Scottish Conservatives wisely put the boot in with the first call to resign – knowing Scots will love him for it. Et tu Brute? As new Tory MP spilloried the prime minister in the hope they might be able to hold on to “Red Wall” seats, something extraordinary happened in Parliament yesterday: Labour party leader Sir Kier Starmer looked almost competent and actually scored some telling blows.

The latest polls say Labour is leading the Tories. There was a time that would have caused me to rejoice – but now? Years of Tory rule has shown them mired in scandal, disregard for rules, and arrogance. But Labour shows little sign of a becoming a credible government.

Unless Boris goes against his grain and gives up, the reality is little is likely to change in the short-term. Next week we’ll see a civil servant’s report into the Tory Covid Parties. It might say a few damning things, apologies will be made, and that that will be it.

What happens next will be “interesting”. It’s likely the government will lurch on from crisis to crisis for another 3 years. Boris may or may not fall. Who would really want to take on the reins of power ahead of local elections in May (where the Tories will be spanked), ahead of massive energy bills in Q2 (when the Tories will be blamed), and the possibility inflation plunges the UK into a stagflationary recession later this year?

Who knows? Maybe Boris will remain – and maybe have learnt a lesson.

Yet, improbable as it may seem, this morning I feel deeply sorry for Boris. Who would have thought a lifelong Labour voter like myself would ever say it…

Whenever the opportunity presented itself, I’ve never hesitated to do Boris down, to lambast him for all his innumerable faults, and to repeatedly call him out for the way he’s diminished the office of Prime Minister. Boris makes us look stupid and that does not make Britain a better place..

But this business of the “summer party” at Downing Street? Come on. Is it worth breaking the nation on? Let it rest…

Take off the Covid Indignation Goggles and think about it. The email sent to the 100 Downing Street Staff is entitled: Socially distanced drinks. It specifically says: “this evening”, “in the garden” and “bring your own booze”… That is not a planned party designed to mock the populace.

I can pretty much imagine how it happened. Right through the pandemic staff worked around the clock in the complex of offices beneath the Downing Street residences. On a warm, balmy May evening.. probably as they were discussing easing covid restrictions, someone thought: “it’s a lovely evening… what’s wrong with a little Distanced Social moment with colleagues in the large spacious gardens out the back.” – the same guys they’d been sitting next to all day every day.

Tell me you would not have done it yourself?

We were all depressed about Covid Lockdowns back in May 2020 – and we all remember how wonderful the weather was as we celebrated VE Day. It cheered us up as we struggled with lockdown, doing our part by not mixing with strangers. And I am sure the majority of the staff who gathered 2 meters from each other in the Downing Street Garden felt the same way that day after work drinking the prosecco they’d bought from the newsagent next to Westminster tube station.

I was probably that same week when my wife and I, and our son snuck out on my boat and spent a night moored up on a river elsewhere – out of sight and mind. It was maybe the same week I shared cheeky lagers sitting on the shore after I ran into a chum who works for a major institution while out for a walk. We all kept our moment very quiet and low-key, concerned some Corona-Nazi would report us, or create a stink.

Worse things were done during the Pandemic. There was an almighty scandal in our village when a bunch of yummy-mummies managed to get themselves and their partners vaccinated right at the start of the programme – ahead of everyone else. If they’d kept it quiet no one would care, but they boasted about it. They were foolish to brag, but they were hardly evil incarnate – which is how Boris is now being painted.

Lest we forget, Boris had a pretty bad time with Covid himself.

Yes – Boris should have known better than to go to the “socially distanced gathering”, yes, he probably should have stopped it. But if we really want to hang and quarter Boris the Buffoon.. then stop and ask… “Let he without sin cast the first stone.”

Boris is a complete Richard, but he’s what we’ve got… Have you looked at the alternatives?

Sunak lacks experience, and there are questions to be asked. Javid is highly competent, but could he win? If not, and you really, really feel the need to hang Boris, I have one thing to say to you:

 Yes, Prime Minister Gove..

 Please…. No..

END

As we have predicted, the Omicron wave has now peaked in the UK, a few days after Italy

(Zhang/EpochTimes)

Omicron Wave Of COVID-19 Has Peaked In UK: Study

 FRIDAY, JAN 14, 2022 – 05:00 AM

Authored by Alexander Zhang via The Epoch Times,

The Omicron wave of COVID-19 has peaked in the UK and cases are starting to decrease in all age groups and in almost all regions in the country, a British scientist said on Jan. 13.

Tim Spector, professor of genetic epidemiology at King’s College London and the lead scientist on the ZOE COVID Study app, said data suggests the Omicron wave has peaked, with hospitalisation, deaths, and early data on the severity of the Omicron variant all “looking positive.”

He said COVID-19 symptoms are now “for the first time this winter more common than colds and flu and are indistinguishable.”

According to data from the ZOE COVID Study, 52.5 percent of people experiencing new cold-like symptoms are likely to have symptomatic COVID-19, an increase from last week’s 51.3 percent.

According to ZOE data, there are currently 183,364 new daily symptomatic cases of COVID-19 in the UK on average, a clear decrease of 12 percent from 208,471 reported last week.

Among people who have received at least two vaccine doses, there are currently 83,699 new daily symptomatic cases, a decrease of 11 percent from 93,540 new daily cases reported last week.

The study found that cases are dropping in all regions apart from the northeast, but even there the increase is already slowing and should start dropping soon.

New daily symptomatic cases are also going down in all age groups, with cases among the over-75s plateauing at low levels.

Spector said this is a “reassuring sign” that the more vulnerable group has been spared from the worst of the Omicron wave.

He said he does not expect these rates to go down to zero, but he thinks Omicron “will probably continue to circulate at manageable levels in the population until late spring.”

Some scientists are already predicting COVID-19 will soon become endemic.

Professor David Heymann, from the London School of Hygiene and Tropical Medicine, said on Jan. 11 that the UK has a high level of population immunity and is probably “the closest to any country of being out of the pandemic if it isn’t already out of the pandemic and having the disease as endemic.”

Clive Dix, former chairman of Britain’s vaccine taskforce, said over the weekend that mass vaccination against COVID-19 should come to an end and the UK should focus on managing it as an endemic disease like flu.

Paul Hunter, professor in medicine at the University of East Anglia, also said on Dec. 28 that COVID-19 will become “just another cause of the common cold.”

end

From the UK government: Vaccinated are dying at a rate of 286% higher than unvaccinated

a must read

(NaturalNews//Huff)

https://www.naturalnews.com/2022-01-12-uk-government-vaccinated-dying-286-percent-higher-unvaccinated.html

U.K. government says vaccinated are dying at a rate 286% higher than unvaccinated

Wednesday, January 12, 2022 by: Ethan Huff
Tags: COVIDDatadeathsPlandemicunvaccinatedvaccinated
L16KVIEWS

Image: U.K. government says vaccinated are dying at a rate 286% higher than unvaccinated

(Natural News) The latest data from the British government shows a disturbing trend among the “fully vaccinated,” who are very clearly dying at a significantly higher rate than the unvaccinated.

According to the figures, there are 286 percent more deaths occurring now among people who got jabbed for the Wuhan coronavirus (Covid-19) compared to people who left their immune systems and DNA alone.

Upwards of one million people have suffered serious injuries or died so far from the shots. And this is a conservative estimate based on official government data, which is known to be underreported.

Ben Armstrong, host of The Ben Armstrong Show, explores the subject further in the following video from Brighteon:

Armstrong explains that the vaccinated people who are doing the best as far as health outcomes go are those who took just one injection and stopped. The worst-off folks are those who take two or more.

It would seem as though the more injections a person gets, the more at risk they are of dying.

“It is the people who have been vaccinated two or three times that are dying of Covid-19,” Armstrong contends.

The vaccines are what’s killing people, not covid

Armstrong apparently believes that these people are dying from Covid-19 and not from the vaccine, but the fact of the matter is that covid has never been isolated or even proven to exist.

Some people have been getting sick from something (severe seasonal flu?) since the beginning, but we have really seen an uptick in deaths ever since the injections were widely administered under Operation Warp Speed.

Ever since that time, hospitals have reportedly been overflowing with sick, fully vaccinated people who are having to undergo intensive care for their vaccine injuries. Many of them end up dying.

Many believe that so-called “covid deaths” among the fully vaccinated are just vaccine deaths. The virus, among other things, is inside the vials and is being injected into people who later get sick or die.

Armstrong also mentions the recent report from Indianapolis-based insurance giant OneAmerica about how death claims are up 40 percent across the industry.

“It’s from the vaccines, it clearly has to be,” Armstrong contends. “Because actual deaths from Covid-19 went down during this period of time.”

“Those are people who are dying from heart conditions or something else, random stuff, clearly being brought on by the vaccine.”

Several commenters at The New American further pointed out that the labeling of these deaths in the fully vaccinated as being from “covid” is a desperate attempt at deflecting from the truth that the jabs are the true cause.

“They have to label vaxx deaths as covid now … dismantling any argument about ‘effectiveness’ to keep from admitting the mystery gene amplifiers (not vaccines) are killing thousands,” one of them wrote.

Since the so-called “vaccines” either contain or cause the body to produce deadly, blood-clotting spike proteins, another suggested, it makes perfect sense that the jabs are killing people with “mystery” illnesses, often involving the heart.

“At present there is no vaccine available,” wrote someone else about how these jabs are not vaccines. “There never was since the beginning of this show.”

“The vaxx IS the virus,” responded another. “It comes in the form of deadly spike proteins that your body has been programmed to produce.”

It turns out that in order to qualify as a vaccine, an inoculation must actually prevent disease (at least under the old definition). Covid “vaccines” only make the disease less severe, or so we are told.

The latest news about Chinese Virus injections can be found at ChemicalViolence.com.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA/UKRAINE

Massive Hack Of Ukrainian Government Sites Believed Part Of Russian “Sabotage Operations”

 FRIDAY, JAN 14, 2022 – 12:10 PM

Things have again escalated in the ongoing Russia-Ukraine-NATO standoff, with Kiev authorities and The Washington Post reporting Friday that hackers have launched a massive cyber-attack on Ukrainian government websites. Anyone logging into the sites were given a warning with the words “expect the worst”

Authorities identified “more than five” government sites targeted in the hack by unknown entities. But later a formal statement by deputy head of Ukraine’s state agency of special communication and information protection, Viktor Zhora, described that in total “close to 70” federal and local Ukrainian agencies saw their websites breached in recent weeks.

Despite an ongoing investigation to uncover the identity of the hackers, naturally WaPo and national security pundits have quickly pointed the finger at Russia.Via Reuters

“Just hours before the attacks, Dmitri Alperovitch, an expert on cybersecurity and co-founder of CrowdStrike, a leading firm in the field, told a Washington Post Live discussion that Ukraine had already been subjected to increased cyberattacks, which he said could be a prelude to an invasion.”

Further according details in the Washington Post:

On Friday morning, Ukraine’s Foreign Ministry and Ministry of Education and Science posted on social media that their sites were down, and local media reported that the country’s main government website, the Emergency Situations Ministry and the Ministry of Veterans Affairs were also affected.

Visitors to some Ukrainian government sites were greeted with a message — written in Ukrainian, Russian and Polish — telling them that their personal data had been “uploaded to the public network” and “destroyed.”

“All information about you has become public, be afraid and expect the worst,” the message said. “This is for your past, present and future.”

Authorities were quick to reassure the public that none of their data has actually been leaked or breached. 

Concerning Friday’s revelation of the large-scale hack of some 70 Ukrainian government sites, the timing is interesting, given it appears at least 60 of these breaches actually reached back into December, but which are being announced now in association with the new hacks of government sites, perhaps in order to further hype the severity of the threat.

This also as on Friday both Russian and NATO officials have admitted this week’s series of talks which are intended to deescalate the situation appear to be at a “dead end”

At the same time, a broader narrative and accusations are emerging now…

end

RUSSIA, USA

Not good!

“Drumbeat Of War Sounding Loud” US Says After Russia Declares Talks At “Dead End”

 FRIDAY, JAN 14, 2022 – 10:31 AM

A top US security official in Europe has warned the “drumbeat of war is sounding loud” amid this week’s series of NATO and Russian talks, also as Washington and Brussels continue to condemn Russia’s troop build-up near Ukraine. 

We’re facing a crisis in European security. The drumbeat of war is sounding loud, and the rhetoric has gotten rather shrill,”  US ambassador to the Organization for Security and Cooperation in Europe (OSCE) Michael Carpenter said ThursdaySource: Associated Press

“If the Russians walk away from these talks, it’ll be clear that they were never serious about diplomacy in the first place,” he added. However, the Russian side was miffed when at the very start of talks Monday in Geneva (and subsequent talks in Brussels and Vienna), the US declared its core demand of no more NATO eastward expansion to be a “non-starter” in the talks.

The US side is still standing by this, also recently accusing Moscow of using its troop placement near Ukraine – said to be up to 100,000 – in order to present “ultimatums” to the West. Further, Carpenter presented the US side as having extended an open hand of dialogue, which officials on both sides have stopped far short of recognizing as “negotiations” on any level. 

“We’re prepared to extend, we have already extended a hand, to offer a serious genuine dialogue,” the envoy added. So for now, after Thursday’s talks wrapped of the week of three meetings, the key question remaining is whether the dialogue will be extended. “We’re going to have to see if the Russians are prepared to engage,” Carpenter concluded. But it remains that

…the US has approached the three meetings seriously but would not negotiate “core principles” that are being demanded by the Russian side, such as the option for any country to propose application to NATO and other discussions around bilateral security discussions and alliances.  

Meanwhile, Russia’s Foreign Ministry has come away from this week’s engagement with NATO, the US, and even Ukraine officials (in Vienna) saying it’s led to a healthy airing of demands but has hit a “dead end”

Russian Deputy Foreign Minister Sergei Ryabkov, who has led the Russian delegation in the three meetings, appeared to dismiss the possibility of ongoing discussions, reportedly saying in a press briefing after the OSCE session on Thursday that he saw “no grounds” to continue the talks.  

“There is, to a certain extent, a dead end or a difference in approaches,” Ryabkov said, citing no real flexibility coming from the US side. “I do not see reasons to sit down in the coming days, to gather again and start these same discussions.” The Russian delegation said that proposals from the West for grounds to continue talks would be submitted to President Putin for further consideration, but struck a pessimistic tone.

* * *

According to commentary from Rabobank

Russia says recent talks with NATO were a failure; US Senator Rubio states it is “almost certain” Putin will move on parts of Ukraine “very soon”; US National Security Advisor Sullivan says he is “taking stock” and is trying to prevent a “potentially massive” Russian invasion; the Director of Russian Studies at CAN says “Russian preparations for an operation are steadily advancing. Support and logistics trickling in, formations with personnel sent from Eastern MD. The outlook, in my view, has grown worse.”; NATO head Stoltenberg says Sweden and Finland will be accepted into the organisation “very quickly” if they decide to join; Der Spiegel reports NATO is preparing for even worse scenarios, such as an armed conflict with the West beyond Ukraine; and the Deputy Russian Foreign Minister suggests Moscow could send troops to Venezuela and Cuba if it does not get what it wants.

end

A good history lesson…

Simon Black…

America’s Attila The Hun Moment

 FRIDAY, JAN 14, 2022 – 01:50 PM

Authored by Simon Black via SovereignMan.com,

In the year 435 AD, after several years of endless menacing from the nomadic Hun tribe, the Roman Empire was ready to make a deal.

The Huns were fairly new on the continent; they had originally come from central Eurasia as recently as 370 AD. Yet in the span of a few short decades, they quickly established themselves as the dominant tribe in Eastern Europe, conquering vast territories and threatening the Roman Empire.

The Empire was a pitiful shell of its former self at that point. So Emperor Theodosius II sent one of his generals to meet with the Huns in the city of Margus, now called Pozarevac in modern day Serbia.

The leader of the Huns was a short, flat-nosed warrior in his mid 30s named Attila who famously remained on his horse during the entire meeting with the Roman envoys.

Attila was cunning, and he knew the Romans were weak. So he intentionally made ridiculous demands.

Among them, he told the Romans he would leave them alone if they paid a tribute of 700 pounds of gold per year (worth about $13.3 million in today’s money).

This was a significant sum back then, especially given that the Roman Empire had lost its most productive gold mines in Hispania to the Visigoths and Vandals in the early 400s.

(The region of Andalusia in modern Spain is actually named for the Vandal tribe, derived from the Arabic word al-Andalus.)

In addition to the money, though, Attila also demanded that the Romans could not enter into any alliance with any other tribes if the Huns deemed them to be a threat.

In making this demand, Attila was essentially giving himself control of Rome’s foreign policy and military affairs.

But the Romans were not in a position to negotiate. They were weak… and terrified of what Attila might do. So they agreed. And Roman Consul Flavius Plinta signed the Treaty of Margus with Attila the Hun in 435 AD.

The peace didn’t last long. In 440, just five years later, Attila massed his forces on the Roman border once again and declared that the Empire had violated the Treaty of Margus.

Emperor Theodosius initially refused Attila’s demands, believing he could defeat the Huns. But at the same time he was busy fighting off other barbarian tribes, including the Vandals that had just conquered Roman provinces in North Africa, which happened to be the Empire’s main source of food.

Theodosius put up a fight, and he tried to negotiate. But after a few years he capitulated to Attila once again, and signed a new treaty in 443 AD.

This new treaty was nothing short of absurd. Attila required that his annual tribute– already a debilitating cost for Rome– be TRIPLED to 2,100 pounds of gold per year.

Plus he demanded an astonishing 6,000 pounds of gold, up front. That was an unimaginable sum of money, and a humiliating embarrassment for the empire.

Theodosius and his bureaucrats tried to save face by hiding the payments, or having the imperial accountants write off the money as “services rendered” by the Huns.

But everyone knew the truth– Rome was a shattered shell of its former greatness, and only signed the deal because they were too weak to stand up to Attila.

This is a simple point that doesn’t require a PhD in International Relations: dominant superpowers don’t need to grovel to their enemies. Dominant superpowers don’t get humiliated in front of the world.

And most importantly, when you’re forced to negotiate and make huge concessions– especially military concessions– you cease being a dominant superpower.

We’ve seen this now several times with the United States. Some have been major events, like the disgraceful, shameful debacle in Afghanistan several months ago.

(And similar to Theodosius, Hunter Biden’s dad acted like the humiliation in Afghanistan didn’t actually happen; his people even tried to dress it up as a logistical success!)

Other incidents have been more subtle, like the US submitting to China’s demands and reaffirming America’s commitment to the “one China” policy, i.e. pretending that Taiwan doesn’t exist.

(It’s also noteworthy that Hunter Biden’s dad was the one who was inconvenienced and stayed up until midnight talking to his Chinese counterpart during a recent call, due to the time zone differences between Washington and Beijing…)

Earlier this year, Hunter Biden’s dad also referred to the Chinese government’s genocide against its Uighur ethnic minority as “different cultural norms”.

These are all clear signs of waning dominance.

The world’s premier superpower doesn’t leave behind $83 billion worth of military equipment to its sworn enemy in Afghanistan.

The world’s premier superpower doesn’t refer to genocide as “different cultural norms”.

The world’s premier superpower doesn’t sit up at midnight, smiling politely to the people who have routinely cyberattacked some of your most critical national security infrastructure.

But if this point weren’t already completely obvious, just look at what’s happening with Russia right now.

Officials from the US State Department are meeting with Russian representatives this week to request that Russia withdraw its troops from the Ukrainian border.

Personally I think the whole thing is a joke; from a military tactics perspective, if Putin were going to invade Ukraine, he most likely would have done it already.

The fact that he still has troops massed on the border is nothing more than an attempt to make the West look weak. And job well done.

While they’re not quite as ridiculous as the Huns… yet… Russia is making all sorts of wild demands, many of which the US has already indicated it is willing to accept.

One of those demands is that the US limit joint military exercises with its European allies. And this one actually is quite similar to what Attila required of the Roman Empire in 435 AD.

And just like Rome, once you start groveling to your adversary and allowing them to dictate your foreign policy and military affairs, it seems clear that you’re no longer the dominant superpower.

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

We brought to your attention the original leaked DARPA report, given to PROJECT VERITAS by way of marine.

The documents reveal the following:

1. the origins of the SARS CO 2 virus came from the Wuhan lab having escaped in Oct 2019

2.Funci funded the lab through NIAH giving funds to Eco Health (and thus Fauci totally lied)

3 Documentation that Ivermectin and HCQ are wonderful drugs that can help a patient attacked with the COVID 19 virus

this is a bombshell!! 

GOP Senator Demands DoD Investigate Leaked DARPA Bombshell Over Covid-19 Origins

 FRIDAY, JAN 14, 2022 – 12:50 PM

Sen. Ron Johnson (R-WI) has requested any findings from a Department of Defense investigation into the origins of Covid-19, following the recent publication of a Defense Advanced Research Projects Agency (DARPA) report obtained by Project Veritas.

According to the leaked report written by a Marine, EcoHealth Alliance sought a contract to use controversial gain-of-function genetic manipulation techniques to study bat coronaviruses. While the proposal was rejected by DARPA, it was subsequently picked up by Anthony Fauci’s National Institute of Allergy and Infectious Disease, which funneled money to EcoHealth via a sub-grant.

Fauci has repeatedly claimed NIAID did not fund gain-of-function research into bat coronaviruses.

It is apparent that Dr. Fauci has not been forthright with the American people regarding his involvement in funding dangerous research,” Sen. Johnson told the Daily Caller.

“According to the Major’s disclosure, EcoHealth Alliance (EcoHealth), in conjunction with the Wuhan Institute of Virology (WIV), submitted a proposal in March 2018 to the Defense Advanced Research Projects Agency (DARPA) regarding SARS-CoVs. The proposal included a program, called DEFUSE, that sought to use a novel chimeric SARS-CoV spike protein to inoculate bats against SARS-CoVs,” reads Johnson’s letter.

“Although DARPA rejected the proposal, the disclosure alleges that EcoHealth ultimately carried out the DEFUSE proposal until April 2020 through the National Institutes of Health and National Institute for Allergy and Infectious Diseases. The disclosure highlights several potential treatments, such as ivermectin, and specifically alleges that the EcoHealth DEFUSE proposal identified chloroquine phosphate (Hydroxychloriquine) and interferon as SARS-CoV inhibitors.”

The leaked documents also suggest that Covid-19 was created at the Wuhan Institute of Virology.

Johnson asks the DoD to interview the Marine who reportedly authored the report, and undertake an investigation into its claims.

(h/t Just the News)

end

Here is a case where a Florida family is fighting for the use of Ivermectin:

(Holt/EpochTmes)

Florida Family Fighting For Ivermectin: Appeals Court Expedites Case

THURSDAY, JAN 13, 2022 – 09:40 PM

Authored by Nanette Holt via The Epoch Times (emphasis ours),

Florida’s First District Court of Appeal has expedited the process to decide a lawsuit filed by the family of a COVID-19 patient on a ventilator at a Jacksonville hospital.The U.S. Food and Drug Administration has warned against taking ivermectin for COVID-19, because it is “horse medication.” However, ivermectin packaged for human use (as shown here) has been widely prescribed for decades for a range of maladies, including for treatment of lice, other parasites and viruses. (Nanette Holt/The Epoch Times)

Attorneys for Mayo Clinic Florida have until 10 a.m. Jan. 13 to respond to the appeal filed by the family of 70-year-old Daniel Pisano.

Then the family’s attorneys will have until Jan. 14 to file additional arguments. At that time, a three-panel judge could be appointed to decide the case.

Mayo Clinic has said Pisano, who has been on a ventilator 22 days, has a slim chance of survival.

But an outside doctor, who is not affiliated with Mayo Clinic, testified in an emergency hearing Dec. 30 that there’s still a good chance to save him—although there’s no time to delay, the physician said.Chris and Lauren Pisano (R) were elated when his parents Daniel and Claudia decided to move from North Carolina to Florida in early December, and bought a lot where they planned to build a home nearby to be close to their only two grandsons. (Courtesy of Chris Pisano)

In a desperate attempt to save their loved one, the Pisano family has begged Mayo Clinic to try a protocol widely used by independent physicians around the country and developed by the Front Line COVID-19 Critical Care Alliance.

Mayo Clinic officials have refused and attorneys have fought the family’s wishes vigorously in court.

Claudia Pisano, Daniel Pisano’s wife of 51 years, and their son, Chris, have power of attorney and legally have the right to ask for the treatment of their choice, their attorneys have argued. But Daniel Pisano is declining fast and running out of time, they say.

The family’s trusted doctor, Dr. Eduardo Balbona of Jacksonville, testified that in order to save him the hospital must quickly allow treatment—with ivermectin and other drugs and supplements—he’s used to help dozens of critically ill COVID-19 patients recover.

Being on the ventilator is doing harm to Pisano and other patients fighting COVID-19, Balbona testified.

After considering the testimony in the three-hour hearing, Judge Marianne Aho, of Florida’s Fourth Judicial Circuit, denied the family’s plea to force Mayo Clinic doctors to step aside and let Balbona treat their dying loved one.

Aho wrote, “An individual’s right to privacy is one of self-determination, the right to accept or refuse. It is not a right to demand a particular treatment. It is not a right to substitute one’s judgment as to which treatments must be made available by others. There is no right, constitutional or otherwise, of a patient to substitute one’s judgment for a medical professional.”

The family disagrees saying the Florida Patient’s Bill of Rights gives them the right to choose between treatment options and they’ve offered to release Mayo Clinic from all liability in following through with that care. They filed an appeal Jan. 9.

After Mayo Clinic submits a response by Jan. 13, attorneys for the family will have until 3 p.m. on Jan. 14 to add to their arguments.

Meanwhile, on Jan. 12 Daniel Pisano clung to life in a drug-induced coma, on a ventilator, and on his sixth day of dialysis for kidneys that have shut down.

Doctors monitoring his chart for the family through an online portal say his lab work suggests internal bleeding, says attorney Nick Whitney, of the AndersonGlenn law firm in Jacksonville.

For days, Chris and Claudia Pisano have begged Mayo Clinic to do a CT scan to identify the cause of the bleeding.

Mayo has refused, saying the CT scan is not medically appropriate,” Whitney says.

Mayo Clinic officials have not responded to requests for comment. Attorneys for the hospital have asked for their filings in the case be sealed from pubic view, citing privacy concerns.The Mayo Clinic logo at Mayo Clinic Square, Minneapolis, Minn., on June 24, 2018. (Tony Webster via Wikimedia Commons)

The family’s search to find a hospital able to take Daniel Pisano has led only to dead-ends, Whitney said.

Still the Pisanos hope to continue raising money through donations to keep their legal fight going and to be able to pay$40,000 to $50,000 for air ambulance transport.

As of Jan. 12, 142 donors had given more than $28,000 toward the effort.

Since news of the case began spreading other families facing similar heartbreak have reached out to Whitney and to Jeff Childers, of Childers Law in Gainesville, another attorney on the Pisano legal team.

And on Jan. 12, a patient was driving from Chicago to Florida to meet with Balbona.

Whitney said it’s not easy for patients to find a doctor like Balbona willing to step up and make an alternative treatment plan for a patient hospitalized with COVID-19. And that’s the first step, he’s told those who have contacted him.

Families desperate for help say they don’t know where to turn, he said.

When they reach out for help through independent doctors, they’re told that the person can’t take on more cases, he added.

The bottleneck, in my opinion, is that physicians who are willing to do this are overwhelmed,” Whitney said. “There’s a need for intensive care physicians to come forward and say they’re willing to treat with ivermectin.”

The U.S. Food and Drug Administration has posted strict warnings against using ivermectin to treat COVID-19.

More than 90 peer-reviewed studies have been published, which supporters say demonstrates the drug’s efficacy at treating patients suffering from COVID-19.Claudia Pisano is fighting to try to save the life of her husband of 51 years, Daniel, by asking a judge to order Mayo Clinic to allow treatment with ivermectin. (Photo courtesy of Chris Pisano)

Part of the frustration families face when they’re seeking alternative treatments for COVID-19 surrounds the Right to Try Act signed into law May 30, 2018.

It gives patients access to some unapproved treatments, if they have been diagnosed with life-threatening diseases or conditions, have tried all approved treatment options, and are unable to participate in a clinical trial to access certain unapproved treatments, according to the FDA.

But ivermectin and other drugs used as part of the FLCCC protocol for treating COVID-19 have already been approved by the FDA for some uses, so they don’t qualify to be used under the Right to Try Act.

Right to Try only applies to experimental medications,” says Childers. “It says nothing about FDA-approved meds like fluvoxamine, ivermectin, or hydroxychloroquine.”

The Mayo Clinic is a nonprofit American academic medical center employing more than 4,500 physicians and scientists and 58,400 other staff members across campuses in Florida, Minnesota, and Arizona

end

We knew that this might happen. Life Insurance claims are now being voided due to the vaccines being “medical experiments?”

This will be devastating to many families

(Principal Scientifica)

Life Insurance Voided Because Covid Vaccines Are “Medical Experiments”?

Published on January 14, 2022

Written by dcclothesline.com

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 “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. These 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).

“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 further explain.

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.”

See more here: dcclothesline.com

Editor’s note: This has rather surprised me. I was expecting life insurance companies would say the unvaxxed are no longer eligible for cover, not this

end.

N95 mask prices skyrocket. CDC recommend their use as Omicron permeates the country. The masks will not stop Omicron

(zerohedge)

N95 Mask Prices Skyrocket As CDC Mulls New Recommendation For Omicron

THURSDAY, JAN 13, 2022 – 10:40 PM

N95 masks are skyrocketing in price as a result of a new potential recommendation by the Centers for Disease Control and Prevention. 

The CDC is considering changing its official recommendation to higher quality masks, like N95 and KN95 masks.

As a result, prices of these masks have surged at marketplaces like Amazon.com, a new Bloomberg report revealed on Wednesday.

A pack of 40 KN95 masks is now about $79.99, up from $16.99 in late November.  A 50-pack of Kimberly-Clark N95 masks was priced at $57 compared to $23 in October. 

As Omicron tears through the United States, many people are abandoning their old cloth masks in favor of higher quality masks. Kid-sized masks are the most in-demand, the piece notes, since many schools have continued holding in-person classes throughout the winter. 

Bloomberg profiled one retail worker who spent $72 on 20 KN95 masks, “far more” than they would have paid months ago.

“I thought that was just kind of ridiculous because it’s something that is needed right now for protection, especially for people like me as a retail worker that a lot of people rely on,” the worker told Bloomberg.

While experts have spoken out about N95 masks being more effective for Omicron, the CDC has yet to make an official declaration. 

The price hikes have forced many consumers to complain on social media about “price gouging”. 

One former California resident who moved to the east coast said: “We moved out here and when Covid hit you couldn’t find them anywhere. You can find them now — the N95s and the KN95s — it’s just you’re going to pay.”

end

This is terrific:  Mexico drops all travel restrictions re covid

special thanks to Milan S for providing this to us

Mexico drops travel restrictions

Inbox

Milan Sabioncello7:50 AM (20 minutes ago)
to me

end

from my son:

Vaccine mandate for cross-border truckers stands, Ottawa says | The Star

Inbox

Mark

Unfortunately it appears that the vax mandate for truckers is back on – in both directions.

Also today one of the main ports in China is completely shut down for some indeterminate time.

And the possibility of war in Central Europe (Russia/Ukraine/NATO) is growing rapidly. This war may not be kinetic (although there are thousands of tanks and missile launchers being deployed), it could be fought by attacking electronic infrastructure.

https://www.thestar.com/politics/federal/2022/01/13/vaccine-mandate-for-cross-border-truckers-stands-ottawa-says.html

END

VACCINE IMPACT

Fauci and CDC Director Rochelle Walensky Lie Under Oath Regarding VAERS COVID-19 Vaccine Deaths

January 13, 2022 2:21 pm

CDC Director Rochelle Walensky and Anthony Fauci appeared before a Senate Committee Hearing this week regarding the “Omicron Response,” and both of them lied under oath. They both claimed that they “didn’t know” how many deaths were recorded in VAERS following COVID-19 vaccines, and Walensky stated the COVID-19 vaccines are “incredibly safe” and “protect us against Omicron, they protect us against Delta, they protect us against COVID.” She also stated that all reported COVID-19 vaccine deaths have been “adjudicated,” when in fact not a single COVID-19 vaccine injury, let alone a death, has been tried in the Government CounterMeasures Injury Compensation Program, the only place where a vaccine death or injury following a COVID-19 shot can be “adjudicated.”Read More…


Supreme Court Blocks OSHA Vaccine Mandate – Upholds CMS Healthcare Workers Vaccine Mandate

January 13, 2022 3:56 pm

The U.S. Supreme Court handed down rulings today on the two COVID-19 vaccine mandates that were recently litigated in the nation’s highest court. They struck down the OSHA mandate requiring private businesses with more than 100 employees to force their employees to receive COVID-19 shots, but upheld the CMS COVID-19 vaccine mandate for healthcare workers. While this is a victory for conservatives regarding the OSHA mandate, this court remains solidly pro-vaccine as the legal issue of injecting hundreds of millions of Americans with a deadly experimental “vaccine” that is drastically reducing the nation’s population was never even considered. Now more than ever, Americans need to support businesses that do not require COVID-19 vaccine mandates, while boycotting those that do.Read More…

GLOBAL STORIES/

Michael Every on the major topics of the day

Michael Every..


.

7. OIL ISSUES

  

8 EMERGING MARKET& AUSTRALIA ISSUES

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

AUSTRALIA

Gangsters:  Australia re cancels Djokovic’s visa after Immigration Minister Hawke steps in

(Pearson/EpochTimes)

Australia Re-Cancels Novak Djokovic’s Visa After Minister Steps In

BY TYLER DURDEN

FRIDAY, JAN 14, 2022 – 11:25 AM

Authored by Caden Pearson via The Epoch Times,

Australian Immigration Minister Alex Hawke has used his discretionary ministerial power to cancel tennis star Novak Djokovic’s visa on the grounds of health and good order, saying it was in the public interest to do so.

“This decision followed orders by the Federal Circuit and Family Court on 10 January 2022, quashing a prior cancellation decision on procedural fairness grounds,” Hawke said in a statement on Jan. 14.

“In making this decision, I carefully considered information provided to me by the Department of Home Affairs, the Australian Border Force and Mr Djokovic.

“The Morrison Government is firmly committed to protecting Australia’s borders, particularly in relation to the COVID-19 pandemic.”

This comes after days of deliberation about the tennis star’s fate after he won a court case to overturn an earlier visa cancellation.

It is not known if the Serbian player will contest the minister’s decision.

Djokovic had applied for a medical exemption to enter Australia to compete in the Australian Open tennis tournament because he is unvaccinated against COVID-19.

He contended that he should be granted the exemption because he had tested positive in December.

The tennis world number one player was detained by Australian Border Force upon arrival on Jan. 6 and his visa cancelled because he did not meet Australia’s entry requirements that overseas arrivals must be fully vaccinated.

Djokovic was released from immigration detention on Jan. 11 after federal judge Anthony Kelly re-instated his visa, deeming the cancellation “unreasonable” because the player had not been given enough time to respond to officials.

The Australian government acknowledged it had not given Djokovic enough time to make his case while he was being held after arriving in the country.

The revelation that Djokovic had tested positive for COVID-19 in December also forced him to issue a public statement apologising for not isolating after getting his result. He said that he had felt obliged to do an interview and believed since he was asymptomatic and was practising social distancing that it would be alright.

“This was an error of judgement, and I accept I should have rescheduled this commitment,” Djokovic said.

“I felt obliged to go ahead and conduct the L’Equipe interview as I did not want to let the journalist down, but did ensure I socially distanced and wore a mask except when my photograph was being taken.”

Djokovic was scheduled to play against fellow Serb Miomir Kecmanovic in the first round of matches on Jan. 17 at the Australian Open.

Meanwhile, deported Czech tennis player, Renata Voracova, has vowed to pursue Tennis Australia for compensation after she left the country on the weekend over a visa dispute.

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

Euro/USA 1.1448 DOWN .0008 /EUROPE BOURSES //ALL RED  

USA/ YEN 113.70  DOWN  0.414 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3710  DOWN   0.0003

 Last night Shanghai COMPOSITE CLOSED DOWN 34.00 OR 0.96%

  //Hang Sang CLOSED DOWN 46.45 PTS OR 0.19%

/AUSTRALIA CLOSED DOWN 1.03%   // EUROPEAN BOURSES OPENED ALL RED 

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL RED   

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 46.45 OR  0.19%

/SHANGHAI CLOSED DOWN 34.00  PTS OR 0.96%

Australia BOURSE CLOSED DOWN 1.03%

(Nikkei (Japan) CLOSED DOWN 364.85 PTS OR 1.28%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1821.60

silver:$22.94-

USA dollar index early FRIDAY morning: 94.86  UP 7  CENT(S) from THURSDAY’s close.

THIS ENDS FRIDAY MORNING NUMBERS

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And now your closing FRIDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.55% UP 2  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.151% UP 2 AND 0/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.63%// UP 3   in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.27 UP 5    points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 64 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -0.045% 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…

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY  

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

Euro/USA 1.1403  DOWN .0053    or 53 basis points

USA/Japan: 114.12 DOWN 0.0020 OR YEN UP 20  basis points/

Great Britain/USA 1.3657 DOWN 56  BASIS POINTS

Canadian dollar DWN 48 pts to 1.2557

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The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP)..6.3528  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3579

TURKISH LIRA:  13.50  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.151

Your closing 10 yr US bond yield UP 6 IN basis points from WEDNESDAY at 1.765% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield: 2.108  UP 7 in basis points 

Your closing USA dollar index, 95.22  UP 43   CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 20.90 PTS OR 0.28%

German Dax :  CLOSED DOWN 148.35 points or 0.93%

Paris CAC CLOSED DOWN 58.14 PTS OR  0.81% 

Spain IBEX CLOSED DOWN 10.30PTS OR .12%

Italian MIB: CLOSED DOWN 300.49 PTS OR 1.08%

WTI Oil price 83,20    12: EST

Brent Oil:  85.47 12:00 EST

USA /RUSSIAN /   RUBLE RISES:   76.27 THE CROSS LOWER BY  22 RUBLES/DOLLAR (RUBLE HIGHER BY 22  BASIS PTS)

GERMAN 10 YR BOND YIELD; -.045

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1415 DOWN  .0041 BASIS PTS  OR 41 BASIS POINTS

British Pound: 1.3678 DOWN .0034 or DOWN 34 basis pts

USA dollar vs Japanese Yen: 114.15 UP .036

USA dollar vs Canadian dollar: 1.2555 UP .0047 (cdn dollar down 47 basis pts)

West Texas intermediate oil: 83.99

Brent: 86.29

USA 10 yr bond yield: 1.782 UP 8 points

USA 30 yr bond yield: 2.121 UP 8  pts.

USA dollar vs Turkish lira: 13,54

usa dollar vs Russian rouble: 76.28 down 20 basis pts.

DOW JONES INDUSTRIAL AVERAGE: DOWN 176.70 PTS OR 0.49%

NASDAQ 100 DOWN 409.48 OR 2.57%

VOLATILITY INDEX: 20.31 UP 2.69 PTS

GLD/NYSE CLOSING PRICE $170.16 DOWN $0.58 OR 0.34%

SLV/NYSE CLOSING PRICE: $21.33// DOWN $.12 OR 0.56%

USA TRADING TODAY IN GRAPH FORM

:

Nasdaq Extends Worst Start To A Year Since 2009 As Fed Sends Rate-Hike Odds Soaring

FRIDAY, JAN 14, 2022 – 04:01 PM

All major US equity indices are now lower on the year with the Nasdaq Composite the worst-performer (and The Dow the least bad horse in the glue factory)…

In the last 30 years, only 2009 saw a worst start to the year for the Nasdaq Composite…

Source: Bloomberg

On the week, Nasdaq ripped higher today to get back to even on the week, Small Caps and The Dow were the week’s laggards…

Today’s squeeze bounce came off Monday’s lows for the “most shorted” stocks…

Source: Bloomberg

Nasdaq bounce today was AGAIN perfectly off the 200DMA (and The Dow fell back below its 50DMA)…

Banks were battered today – after their big run-up this year – with JPM suffering its biggest post-earnings decline in at least 20 years and Goldman, JPMorgan, and Morgan Stanley all dropping into the red for the year. Meanwhile, WFC is up almost 20% YTD!…

Source: Bloomberg

The longest-duration, hyper-growth and non-profitable tech companies crashed further this week, now down a shocking 49% from its record highs in Feb 2021 (down 7 of the last 9 weeks)…

Source: Bloomberg

Defensives and Cyclicals both ended down just short of 1% on the week with Cyclicals playing the high vol ride…

Source: Bloomberg

Growth underperformed on the week, but Value stocks were also lower by the close…

Source: Bloomberg

Yields were mixed this week with the long-end outperforming (managing to end the week very, very marginally lower), while the short-end was smashed 10bps higher…

Source: Bloomberg

Today saw a pretty good puke across the whole curve with 30Y Yields up 8bps, back to unch on the week…

Source: Bloomberg

The yield curve tumbled further this week, now flatter on the year

Source: Bloomberg

Rate-hike odds surged today (despite the bad news is good news narrative) after Jamie Dimon suggested – with no supporting evidence that The Fed could hike 6 or 7 times this year – with the market now implying a 75% chance of a 4th rate-hike by the end of the year…

Source: Bloomberg

This is what it looks like when doves die…

Despite a decent bounce today, the dollar dropped this week – now its worst start to a year since 2018…

Source: Bloomberg

Cryptos had another choppy week but ended higher with BTC and ETH up around 3% on the week…

Source: Bloomberg

Bitcoin is about to “suffer” a ‘death cross’ (the 50DMA crossing below the 200DMA). While very scary for some, we note that the last ‘death cross’ marked the lows in June 2021…

Source: Bloomberg

Gold is up for the 4th week of the last 5 and had its biggest week in 2 months…

Oil prices surged this week with WTI topping $84 – back to October highs. Oil is up 5 of the last 6 weeks…

NatGas pumped and dumped this week…

Finally, US Macro Surprise data tumbled into the red today after ugly retail sales and industrial production data (and UMich sentiment)…

Source: Bloomberg

And in turn that dragged down Q4 GDP expectations…

Source: Bloomberg

And all of that is happening as The Fed jawbones 4, 5, 6 , 7 rate-hikes and QT this year.

And the market is not expecting The Fed to go all the way here, implying rate-trajectory-inflection between 2 and 3 years (this spread was +75bps in March 2021 – implying 3 rate-hikes in 2024)…

Source: Bloomberg

A Fed faux-pas is coming..

END

I)MORNING TRADING/AFTERNOON TRADING

II)USA DATA

Retail sales, the driver of GDP tumbles the most since February of last year.

US Retail Sales Tumble Most Since February As Web Revenues Crash

 FRIDAY, JAN 14, 2022 – 08:37 AM

While the consensus believed today’s US retail sales for December would come in with a modest 0.1% MoM drop to end 2021, BofA – which has been consistently spot on for months – forecast a much more substantial 1.3% tumble. In reality, things were even worse as Dec retail sales plunged 1.9% MoM (and November was revised weaker)…

Source: Bloomberg

That is the biggest MoM drop since Feb 2021.

Ex Autos and Gas, retail sales plunged an even more worrisome 2.5% MoM and worse still, the Control Group – which feeds GDP – crashed 3.1% MoM – massively worse than the unchanged that was expected.

Non-store retailer sales collapsed in December…

But so did Retail and Food Services, Furniture and Electronics…

Notably, on a non-seasonally-adjusted basis, retail sales exploded higher in December  (up 10% MoM!), although that is the weakest Dec sales rise since 2018…

As December is the most seasonally-affected month, dramatically increasing uncertainty around any forecasts…

Finally, this chart caught our eye (as the stimmy checks run out)…

Thank the lord for the US government’s handouts!?

end

UMich Sentiment Slides In January As Inflation Expectations Hit 10-Year Highs

 FRIDAY, JAN 14, 2022 – 10:07 AM

After a small bounce in December – from decade lows – University of Michigan Sentiment was expected to slip back lower in preliminary January survey data, and it did… more than expected. Both current conditions and expectations fell in the flash January data, dragging the headline print down from 70.6 to 68.8 (below the 70.0 expectations)…

Source: Bloomberg

Current Conditions are the worst since September 2011. Current conditions in the national economy were reported to have worsened by half of all households in each of the past three months, and just one-third of all households have anticipated improved economic conditions during the year ahead.

When asked to evaluate the year-ahead outlook for the economy, 61% reported that they expected bad times ahead.

Sentiment among Democrats continued to slide, back to the lowest since Dec 2020 (as Republican confidence rebounds)….

Source: Bloomberg

Interestingly, buying conditions for houses rebounded in early January but for vehicles it crashed to a record low…

Source: Bloomberg

Finally, and perhaps most notably, inflation expectations rose significantly in January, with medium-term expectations rising to 3.1% – the highest since January 2011…

Source: Bloomberg

So, will The Fed’s jawboning bring down inflation expectations?

As UMich noted, while the Delta and Omicron variants certainly contributed to this downward shift, the decline was also due to an escalating inflation rate

END

III) USA COVID UPDATES.

Here is a breakdown of excess deaths among people aged 18 -49, state by state

Covid cases started in 2020//vaccines started in Feb 2021

There were more deaths from COVID 19  in 2021 than 2020. There was an increase in overdose drug use but the major increase in deaths is in heart and stroke category.

(Svab/EpochTimes)

Nationwide Surge In Deaths Among People Aged 18-49: A State By State Overview

 THURSDAY, JAN 13, 2022 – 05:00 PM

Authored by Petr Svab via The Epoch Times (emphasis ours),

Deaths among people aged 18 to 49 increased more than 40 percent in the 12 months ending October 2021 compared to the same period in 2018–2019, before the COVID-19 pandemic, according to an analysis of death certificate data from the Centers for Disease Control and Prevention (CDC) by The Epoch Times.First responders load a patient into an ambulance from a nursing home where multiple people have contracted COID-19 on April 17, 2020 in Chelsea, Massachusetts. (Scott Eisen/Getty Images)

The agency doesn’t yet have full 2021 numbers, as death certificate data trickles in with a lag of one to eight weeks or more.

The increase was notable across the country and in no state was COVID reported in more than 60 percent of the excess deaths. Some states experienced much steeper hikes than others.

Nevada was the worst with a 65 percent prime-age mortality surge of which only 36 percent was attributed to COVID. Texas was second with a 61 percent jump of which 58 percent was attributed to COVID. Arizona and Tennessee recorded 57 percent increases with 37 percent and 33 percent attributed to COVID respectively. Not far behind was California at 55 percent and 42 percent attributed to COVID as well as New Mexico (52 percent, 33 percent), Florida (51 percent, 48 percent), and Louisiana (51 percent, 32 percent).

On the other side of the spectrum was New Hampshire with no mortality increase and no COVID deaths in this age group and Delaware with a 10 percent mortality increase, zero attributed to COVID. Massachusetts had only a 13 percent spike with 24 percent of it attributed to COVID and Maryland had a 16 percent jump, 42 percent attributed to COVID. Close behind were Connecticut, Hawaii, and New Jersey with 17 percent increases (23 percent, 45 percent, 58 percent attributed to COVID respectively).

CDC data on the exact causes of those excess deaths aren’t yet available for 2021, aside from those involving COVID, pneumonia, and influenza. There were close to 6,000 excess pneumonia deaths that didn’t involve COVID-19 in the 18–49 age group in the 12 months ending October 2021. Influenza was only involved in 50 deaths in this age group, down from 550 in the same period pre-pandemic. The flu death count didn’t exclude those that also involved COVID or pneumonia, the CDC noted.Medics wait to transport a woman with possible Covid-19 symptoms to the hospital in Austin, Texas, on Aug. 07, 2020. (John Moore/Getty Images)

It’s not clear why the mortality spike seemed to exhibit a geographical trend. Overall, a part of the surge could be likely blamed on drug overdoses, which increased to more than 101,000 in the 12 months ending June 2021 from about 72,000 in 2019, the CDC estimated. About two-thirds of those deaths involved synthetic opioids including fentanyl that are often smuggled to the United States from China through Mexico.

For those ages 50 to 84, mortality went up more than 27 percent, representing more than 470,000 excess deaths. Almost four out of five of the deaths had COVID marked on the death certificate as the cause or a contributing factor.

For those 85 or older, mortality increased about 12 percent with more than 100,000 excess deaths. With more than 130,000 COVID-related deaths in this group, the data indicates that these seniors were less likely to die of a non-COVID-related cause from November 2020 to October 2021 than during the same period of 2018–2019.Health care workers tend to a patient in Apple Valley, Califironia, on Jan. 11, 2021. (ARIANA DREHSLER/AFP via Getty Images)

Comparing 2020 to 2019, mortality increased some 24 percent for those 18–49, with less than a third of those excess deaths involving COVID. For those 50–84, it increased less than 20 percent, with over 70 percent of that involving COVID. For those even older, mortality jumped about 16 percent, with nearly 90 percent of that involving COVID.

For those under 18, mortality decreased about 0.4 percent in 2020 compared to 2019. In the 12 months ending October 2021, it fell some 3.3 percent compared to the same period in 2018–2019.

end

iii) important USA economic stories for you tonight

Kyle Bass on the Fed who will likely raise rates by only 1% before a deep recession occurs.  He also talks about his favourite subject China and their floundering real estate sector

(Kyle Bass)

Kyle Bass Believes Fed Will Be Forced To Abandon Hiking Rates As Stocks Crash

THURSDAY, JAN 13, 2022 – 07:40 PM

During an interview with CNBC Thursday afternoon, Hayman Capital founder Kyle Bass joined Jeffrey Gundlach and other astute observers of the market by postulating that the Fed won’t be able to succeed with its planned 4 interest-rate hikes by the end of the year.

“Gundlach said that the Fed could get to 1.5% on the Fed funds rate, which might happen in the next 12 to 18 months. But that would trigger a recession,” he said.

But by the time the Fed gets to the second hike, markets will tank, forcing the central bank to backtrack.

Speaking during his first CNBC interview of the year, Bass argued that there’s a “huge mismatch, I think, between policy and reality…when you look at the reality of hydrocarbon demand…the reality is that…we’ve been pulling CapEx out of the oil patch because we so desperately want to switch to alternative energy. The problem is you can’t just turn off hydrocarbons. It takes 40 or 50 years to switch fuel sources,” Bass explained.

And as the global economy shakes off the impact of the pandemic, Bass predicted that “the same forces that applied to bring oil below zero [back in April 2020] will apply on the upside. We will get the world reopened by the middle of the year…you can’t just flip on an oil well…the only people funding the oil patch are family offices.”

As demand for oil intensifies,  the dynamic will send prices on front-month contracts “well above” $100/barrel”, Bass projected.

“There are so few people out there funding CapEx…if we reopen, you’re going to see numbers that people aren’t ready for.”

Bass’s interlocutors then opted to switch gears with some questions about China. After Wilfred Frost gently accused Bass of being a China bear, Bass insisted that he considers himself a “China realist” before launching into a discussion of China’s real-estate market.

As many investors may have learned from all the reporting about Evergrande and other deeply indebted China developers in recent months, roughly one-third of China’s economy is driven by real estate.

The surge in prices has contributed to China’s demographic nightmare, Bass said. “…the average birth rate of women in China fell below 1.2…you had an aggressive population decline because men can’t afford to buy homes because they’re priced at 20x to 30x their annual income.”

This has become a problem for China’s leaders.

“Xi needs real estate prices down and he needs them to stay down,” Bass said.

As for those who are betting on a bounce in Chinese stocks, Bass characterized this as “a fool’s game.”

As for whether or not he’d ever invest in Chinese stocks again, Bass replied:

“Fool me once but you’re not going to fool me twice…I feel like people who are investing in Chinese equities are breaking their fiduciary duty to their investors.”

Circling back to a discussion about the Fed, Bass pointed to Goldman’s call for 4 hikes this year. When the Fed does deliver on the rate hikes it has led the market to expect, “the curve is going to flatten, the long end of the curve will invert and the Fed” will likely need to throw it in reverse.

“My personal view is they can’t raise short rates more than 100-125 basis points before they have to stop,” Bass said.

Once this happens, a recession in the US will likely follow.

“I think they’re going to have to back away from that plan once they start hiking…that’s my view.

With all this in mind, “there’s no way the stock market goes up this year and it probably goes down pretty aggressively,” Bass concluded.

And once the Fed starts hiking rates, this, compounded by surging oil prices “will compound people’s inflation problems.” And that is already very modestly bring priced in… March rate-hike odds are rising to cycle highs but the odds of 4 rate-hikes by year-end are sliding…

So, after more than a decade of easy money policies, 2022 is shaping up to be a difficult year for American consumers.

END

Rents have finally peaked and that should temper inflation a bit

(zerohedge)

Some Good News: Rents Have Finally Peaked As Rental Market Enters “Widespread Cooldown”

THURSDAY, JAN 13, 2022 – 06:00 PM

Back in August, when the so-called experts (including the career economists at the Fed) were still convinced that inflation was transitory, we showed that realty was far scarier as true rents were only just starting to trickle through to the various CPI and PCE metrics, and while Owners’ Equivalent Rent of residences, which makes up almost a quarter of the consumer price index, rose just 2.4% in July from a year earlier according tot he Fed, the real number – as divined from real-time national rent indicators such as that from Apartment List and Zillow – was much higher, perhaps as much as 5%. The OER figure “lags the reality” because it’s based on a survey of homeowner expectations about what their home would rent for, said Mark Zandi, chief economist for Moody’s Analytics

Fast forward to today when OER is now far higher, with shelter inflation having surged to 4% and rent inflation close behind…

… both numbers which still have a long way to go as they catch up to real prices.

But here we have some good news, because while the rent, shelter and OER prints reported by the CPI will still rise for the next 5 or 6 months, the actual rental market has now finally peaked.

According to the latest Apartment list datathe consultancy’s national index fell by 0.2% during the month of December, marking the only time in 2021 when rents declined month-over-month. And while a slight dip in rents at this time of year is typical of seasonality in the market, it’s especially notable after a year of record-setting growth, especially when considering that over the course of calendar year 2021, the national median rent increased by a staggering 17.8%. To put that in context, annual rent growth averaged just 2.3% in the pre-pandemic years from 2017-2019.

As the chart below shows, December is also the fifth straight month in which monthly rent growth slowed after peaking at 2.7 percent in July. The current slowdown is capping a year that has been characterized by unprecedented price increases. For seven months from March through September, month-over-month rent growth exceeded the pre-pandemic record going back to 2017. In December, however, rent growth fell in line with pre-pandemic trends – rents also fell by 0.3 percent in December 2019, and by 0.2% in December 2018.

Drilling into the December data, 61 of the nation’s 100 largest cities saw rents fall this month, indicating a widespread rental market cooldown. This can be seen in the chart below, which visualizes monthly rent changes in each of the nation’s 100 largest cities from January 2018 to present. The color in each cell represents the extent to which prices went up (red) or down (blue) in a given city in a given month. The band of dark red in 2021 depicts this year’s massive rent boom, which peaked in July and August 2021 when all 100 cities in this chart saw prices go up. As we closed out the year, the three rightmost columns show that the recent cooldown in rents is also geographically widespread.

Steady rent declines have occurred in a wide variety of places. Prices have dropped for three consecutive months in some of the smaller cities that saw massive influxes of new residents throughout the pandemic, including Boise ID, Fresno CA, and Reno NV. But similar price drops have also taken place in larger urban centers like Boston MA, San Francisco CA, and Chicago, IL. Meanwhile, rent increases have persisted in warm-weather cities across the Sun Belt, like Orlando FL, Tucson AZ, and Dallas TX. Here, rent growth decelerated but remained positive throughout the last several months of 2021.

In particular, Seattle and San Francisco both landed in the top five for largest month-over-month declines, signalling that these pricey tech hubs may be entering a second phase of COVID-related rental market softness.

Separately, the Apt List national vacancy index ticked up again for the fourth straight month, as we enter 2022 amid an easing of the tight market conditions that characterized 2021. Indeed, the Apt List vacancy index spiked to 7 percent last April, as many Americans moved in with family or friends amid the uncertainty and economic disruption of the pandemic’s onset. After that, however, vacancies began a steady decline, eventually falling to 3.8 percent in August 2021. Subsequent to this, the vacancy index has ticked up slightly for four consecutive months and stands at 4.3 percent at the end of the year. Although the recent vacancy increase has been modest and gradual, it represents an important inflection point, signaling that tightness in the rental market is finally beginning to ease. If the vacancy rate continues this trend in the coming months, it’s likely that rent growth will also continue to cool further.

In conclusion, after a year of astronomical price increases, December 2021 finally brought some relief to the rental market. The Apartment List national rent index spiked nearly 18% in 2021 but fell 0.2% in December, a modest dip but the first such decline observed in over a year. While the apartment market remains tight – the national vacancy rate sits just above 4% compared to 6% pre-pandemic – the winter season continues to bring signs that pressure is gradually beginning to ease. That said, it’s important to bear in mind just how much affordability has dissipated in 2021. 99 of the nation’s 100 largest cities saw rents jump more than 10 percent over the year, and the national median apartment cost eclipsed $1,300 for the first time ever. So despite a recent cool-down, many American renters will remain burdened throughout 2022 by historically high housing costs.

The bigger question is when will the BLS fed the latest real-time data into its CPI models, and how long until the Fed realizes that the rent  inflation burst observed throughout 2021 is now reversing.

Source: Apartment List

end

Three deep Democrats nominated for Fed positions

(zerohedge)

Biden Nominates Sarah Bloom Raskin, Philip Jefferson and Lisa Cook To Fed Board

FRIDAY, JAN 14, 2022 – 07:00 AM

As was leaked previously, on Thursday night the White House said that Joe Biden – still reeling from what many said was the worst day in his presidency hammered by the Sinema/SCOTUS double whammy – will nominate Sarah Bloom Raskin, a former top Treasury Department official, to serve as the Federal Reserve’s top banking regulator post.Sarah Bloom Raskin 

If confirmed by the Senate, Raskin, a former Fed governor, would become the central bank’s vice chairwoman of supervision, the government’s most influential overseer of the American banking system.

Rounding out his “diversity hiring mandate”, Biden will also nominate two economists for other Fed board seats: Lisa Cook, a professor of economics and international relations at Michigan State University; and Philip Jefferson, a professor and administrator at Davidson College in North Carolina.Philip Jefferson

Each nominee will in the coming weeks face questioning from the Senate Banking Committee. The three picks complete Biden’s remake of the Fed board, following his decision in November to offer a second term to Fed Chairman Jerome Powell and nominate Fed governor Lael Brainard to become Fed vice chairwoman who replaces Richard Clarida whose last day is tomorrow as his Fed career was cut short by the stock-trading scandal.Lisa Cook

If all nominees win Senate approval, Raskin and Brainard would succeed top officials chosen by Donald Trump. Biden’s appointees would hold five of the seven board seats, with four positions held by women.

The nominations of Cook and Jefferson, who are both black, would help Biden fulfill his promise to improve diversity atop the central bank, which according to the WSJ, has had only three Black board members, all men. The most recent was former Fed Vice Chairman Roger Ferguson, who left the board in 2006.

Raskin’s nomination is meant to satisfy progressive Democrats, some of whom – especially Elizabeth Warren – opposed Biden’s nomination of Powell, a Trump-picked Republican. They have called for the Fed to take a tougher stance in regulating big banks and a bolder approach in addressing financial risks posed by climate change, although to this day it remains unclear just how or why the Fed intends to regulate “climate change risk.”

Former Vice Chair for Supervision Randal Quarles, who recently left the Fed, played a major role in reducing capital requirements for U.S. banks with less than $700 billion in assets and relaxing the Volcker Rule’s audit rules for trades made by JPMorgan Chase, Goldman Sachs and other investment banks.

Fed officials in favor of easier regulatory stance argue the industry is well-capitalized and not in need of some of the more restrictive measures enacted in the wake of the crisis. Many Democrats, including Massachusetts Sen. Elizabeth Warren, have pushed back and said rollbacks leave the banking sector more vulnerable to shocks and liable to excess risk taking.

There is a risk that Raskin’s calls for the Fed to play a more proactive role on climate change could attract opposition from Republicans. In a New York Times opinion article in May 2020, Raskin was critical of broad-based emergency-lending backstops enacted by the Treasury and Fed to assist businesses during the pandemic because she believed they should have taken steps to prevent lending to oil-and-gas concerns.

“The decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries—not prop up and enrich dying ones,” she wrote.

As the WSJ notes, with a closely divided Senate, Biden needs either universal support of Democrats to confirm his nominees or support from some Republicans to overcome holdouts from his own party. Raskin can be confirmed by the Senate but faces a “tight, contentious vote” with “perhaps…a Republican or two on her side,” said Ian Katz, a financial-policy analyst at Capital Alpha Partners, in a recent note to clients.

At the Fed, Raskin maintained a low profile on monetary policy but was deeply involved in behind-the-scenes work to write rules implementing the 2010 Dodd-Frank financial-regulatory overhaul. In a speech in September 2009, Raskin blamed the financial crisis on “a deregulatory fervor that marginalized the interests of many” and said the downturn had been “brought upon us through a combination of greed, weak regulation and weak enforcement.”

Raskin, who has a Harvard University law degree and wrote her undergraduate thesis at Amherst College on monetary policy, served in the Obama administration as deputy Treasury secretary from 2014 to 2017 and as a Fed governor from 2010 to 2014. She was previously Maryland’s state commissioner of financial regulation.

She is currently a law professor at Duke University and is married to Rep. Jamie Raskin (D., Md.). Ironically, she has served since 2017 on the board of directors of investment giant Vanguard Group.

end

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

iv)swamp stories

(end)

KING REPORT/SWAMP STORIES

BBG’s @lisaabramowicz1: One of the most important charts from this week’s data consists of real wages, which are deeply negative as wages fail to keep up with inflation. Workers are demanding higher pay and will continue to do so as they see the spending power of their paychecks decline.
https://twitter.com/lisaabramowicz1/status/1481641322083610624?s=09
 
The dollar is telling the known universe that the Fed is way behind the curve on inflation.  Historically, a dollar tumble eventually forces the Fed to halt its monetary promiscuity and hike rates.
 
@TommyThornton: Bloomberg US Dollar Index is my most important chart right now.
https://twitter.com/TommyThornton/status/1481658035093213189
 
Dollar breaks key support, rates outlook seen unchanged by inflation data http://reut.rs/33cfDix
 
The December PPI was mixed.  PPI increased 0.2% m/m & 9.7% y/y; 0.4% m/m & 9.8% y/y were expected.  November was revised to +1.0% m/m from 0.8% m/m and +9.8% y/y from 9.6%.
 
December Core PPI was the expected +0.5% m/m but it is +8.3% y/y; +8% y/y was expected.  November was revised to +0.9% m/m from +0.7% and +7.9% y/y from +7.7% y/y.
 
The PPI surge significance is that it suggests inflation is squeezing corporate profit margins.
 
We noted months ago that under Biden, economic revisions have almost always been negative.  Is someone manipulating government economic stats to aid and abet The Big Guy?
 
Initial Jobless Claims jumped to 230k from 2-7k; 200k was consensus.  Continuing fell to 2.559m from 1.753m; 1.733m was expected.  The usual suspects blame the jump in Initial Claims to Covid, of course.
 
US stocks were mixed on Thursday morning.  There was a rotation into DJIA and DJTA stocks while techs, Fangs, and related trading sardines were sold.  Tesla tumbled as much as 3% on this:

Chicago Fed President Evans was a factor in the last-hour decline.  Evans averred that he was reluctant to declare full employment; but inflation is far too high and controlling inflation is the best way to ensure recovery.  Evans sees 4 rate hikes in 2022 if the inflation data does not improve.
 
At her Senate confirmation hearing for Fed VCEO, Lael Brainard stated: “Inflation is too high and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2% while sustaining a recovery that includes everyone… The committee has projected several rate hikes over the course of the year…”
 
Brainard on rate hikes: “We will be in a position to do that, I think, as soon as asset purchases are terminated…”  The Fed projects that it will end QE in March.

The SCOTUS (6-3) blocked OSHA/Biden’s workplace vaccine or test edict; but it refused to halt Biden’s vax mandate for healthcare workers at federally funded facilities.  (5-4; Kavanaugh voted with the 4 liberals.)  SCOTUS: “Although Congress has indisputably given OSHA the power to regulate occupational dangers, it has not given that agency the power to regulate public health more broadly…”
https://www.supremecourt.gov/opinions/21pdf/21a244_hgci.pdf
 
Supreme Court Cites Biden Chief of Staff Ron Klain’s Twitter Feed in Smackdown of Illegal Vax Mandate –ultimate work-around for the Federal govt to require vaccinations.” https://thefederalist.com/2022/01/13/supreme-court-cites-biden-chief-of-staff-ron-klains-twitter-feed-in-smackdown-of-illegal-vaxx-mandate/
 
 
“We Failed”: Danish Newspaper Apologizes for Publishing Official COVID Narratives Without Questioning Them https://www.zerohedge.com/covid-19/we-failed-danish-newspaper-apologizes-publishing-official-covid-19-narratives-without
 
GOP Sen @RandPaul: Former Sen. Jim DeMint: “There is no excuse for Anthony Fauci’s arrogant incompetence or the news media’s corrupt decision to serve as his personal public relations agent.”
https://dailycaller.com/2022/01/13/demint-fauci-congress-coronavirus-rand-paul-media/
 
No, Those Who Pushed Lockdowns Can’t Hide from The Consequences Now
Ruling class is pulling what propaganda experts call a “limited hangout.” That’s admitting to bits of the truth in order to re-establish yourself as a credible authority while attempting to keep the whole truth hidden Now that the damage is done, major corporate media organizations have decided to pivot to acknowledge just enough of the truth to cover their complicity…
    Because it was politically expedient to sacrifice science, Americans’ civil rights, human lives, and the world’s future then, and it is not politically expedient to face the consequences for that choice now. And they think nobody can or will hold them accountable for their deadly and despicable lies…
    Experts who knowingly allow mass child abuse because they don’t want to harm their careers are not experts, they are cowards…
https://thefederalist.com/2022/01/11/the-people-who-brutalized-children-to-grab-emergency-powers-are-not-experts-theyre-evil/
 
UK’s Omicron wave continues to collapse https://trib.al/fFuNhlE
 
CDC data implies the USA’s Omicron crest appeared a week ago.
https://covid19.healthdata.org/united-states-of-america?view=infections-testing&tab=trend&test=infections
 
KN95 masks distributed to House members stamped with ‘MADE IN CHINA’
https://www.foxnews.com/politics/kn95-masks-distributed-house-members-stamped-made-china
 
Up to 70% of Chinese KN95 Masks Tested by ECRI Don’t Meet Minimum Standards 9/22/20
https://www.ecri.org/press/up-to-70-of-chinese-kn95-masks-tested-by-ecri-dont-meet-minimum-standards
 
U.S. Senator Sinema (D-AZ) sinks Democrats’ hopes for passing voting rights reform http://reut.rs/3FoKx4o
 
Fed Balance Sheet: +$22.557B; US Treasuries +$23.460B   https://www.federalreserve.gov/releases/h41/20220113/
 
The ‘Mother of All’ Supply Shocks Lurks in China’s Covid Crackdown
The world economy could be headed for the “mother of all” supply chain stumbles… The repeated mandatory testing of whole cities can interrupt businesses and production…
https://www.bloomberg.com/news/newsletters/2022-01-12/supply-chain-latest-china-s-covid-fight-risks-more-supply-turmoil
 
Today is the Friday before expiry week and the session before the Martin L. King Jr. Holiday.  Q4 earnings season commences in earnest next week.  Trading sardines are usually favored.
 
Equities suffered severe technical damage on Thursday.  The equity rescue team did not appear during NYSE trading.  They will probably appear in the thin overnight market to prevent market psychology from turning even more negative.  A short-covering and rebound rally can appear at any moment.  However, equity market technical indicators and psychology are now clearly negative for the short-term.  And it’s a highly rare occurrence for this negativity at the beginning of a New Year.
 
If equities are weak in the morning or at midday, be alert for a late rally for the above reasons.  Also, the blatant and desperate ESH upward manipulation that occurred twice during final 4 minutes of NYSE trading could be replicated today.  The usual suspects do NOT want an ugly stock market close to linger in the investors and traders’ minds over a long holiday weekend!  ESHs are +2.00 at 20:00 ET.
 
Expected Economic Data: Dec Retail Sales -0.1% m/m, Ex-Autos +0.2%, Ex-Autos & Gas -0.2%; Dec Import Prices 0.2% m/m & +10.8% y/y, Exports 0.3% m/m & +16.0% y/y; Dec Industrial Production 0.2% m/m, Mfg Production 0.3%, Capacity Utilization 77%; Jan UM Sentiment 70, Current Conditions 73.8, Expectations 67, 1-yr Inflation 4.8%; NY Fed Pres Williams 11:00 ET
 
Expected earnings: BLK 10.09, FRC 1.95, WFC 1.01, JPM 2.99, C 1.62
 
S&P 500 Index 50-day MA: 4681; 100-day MA: 4573; 150-day MA: 4501; 200-day MA: 4418                                                                                          
DJIA 50-day MA: 35,839; 100-day MA: 35,407; 150-day MA: 35,186; 200-day MA 34,922
 
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 and MACD are negative – a close above 4762.42 triggers a buy signal
Hourly: Trender and MACD are negative – a close above 4723.57 triggers a buy signal
 
CBS’s @tperry518: @VP Kamala Harris’ office confirms that she will not join President Biden when he meets with Senate Democrats for a last effort push for voting rights later this afternoon. A reminder that Harris was tapped to lead the administration’s efforts on voting rights back in June.
 
@KatiePavlich: This ongoing show of Biden getting snubbed by everyone is pretty remarkable
 
How toxic is Joey Baby?  Even Pelosi and the Washington Post are rebuking The Big Guy!
 
Pelosi critical of Biden bringing up Bull Connor and Strom Thurmond in voting rights speech
Biden delivered a eulogy at former Sen. Strom Thurmond’s funeral in 2003. “None of us had a lot of happy memories about Strom,” Pelosi says.
https://justthenews.com/government/congress/pelosi-critical-biden-bringing-bull-connor-and-strom-thurmond-voting-rights
 
The WaPo calls out Joe’s lying: Joe Biden claims yet another arrest for which there’s little evidence
But here’s the president, saying he once had been arrested, during a section that recalled some of the heroes of the civil rights movement. He even suggested he had been arrested more than once, as he recalled it was the “first time” he had been arrested… It’s certainly not the first time he’s said he’s been arrested. Previously, he has said he was arrested trying to see Nelson Mandela in South Africa (Four Pinocchios false) and for trying to enter an all-female dorm room at Ohio University (Partly False, according to USA Today). He has also suggested he was arrested for wandering onto the Senate floor as a “star-struck kid,” but most times he has indicated he was just given a warning.  But there’s no evidence we can find that Biden was ever arrested…  https://t.co/FxQKKhsgKp
 
NBC 6/25/19: Joe Biden didn’t just compromise with segregationists. He fought for their cause in schools, experts say.  Joe Biden helped give America the language that is still used to oppose school integration today, legislative and education history experts say.  https://www.nbcnews.com/news/amp/ncna1021626
 
@ElectionWiz: This is so embarrassing (Biden struggling to read the Teleprompter re: Covid testing).
https://twitter.com/ElectionWiz/status/1481657965589446657
    REPORTER: “What is your message to vaccinated Americans who are wondering why they should continue to restrict their activity given that your health officials say most Americans will get COVID?”
BIDEN: “We’ll talk about that later.”   https://twitter.com/ElectionWiz/status/1481656752542261248
 
@bennyjohnson: President Brandon brazenly ignores and brushes off legitimate questions from the Press and smirks as his staff herds reporters out of the room… (Troubling countenance once again!)
https://twitter.com/bennyjohnson/status/1481659540827521025
 
We are old enough to remember the incessant MSM stories begging the powers that be to invoke the 25th Amendment and remove Trump for perceived mental deficiencies.  Where are they now?
 
GOP House candidate @ErrolWebber: How does a man who got 81,000,000 votes have an approval rating of 33% a year later?  I think we all know the answer.
 
@itsSpencerBrown: This is really not Biden’s week: Federal takeover of elections: DOA. Nuking legislative filibuster: impossible. Private employer vax mandate: struck down. Producer Price Index: surges to all-time high. Consumer Price Index: highest since 1982. Public support: craters to 33%
 
Biden Administration Erecting Concrete Blast and Security Wall Around White House (Why?)
https://theconservativetreehouse.com/blog/2022/01/12/biden-administration-erecting-concrete-blast-and-security-wall-around-white-house/
 
GOP Sen. @TomCottonAR: President Biden described the millions of Americans who support voter-ID requirements as domestic enemies. The charitable explanation is that Biden no longer understands his words but reads whatever script is before him. The alternative is worse
 
Jen Psaki hammered for dismissing criticism of Biden speech by redirecting to Trump
https://t.co/YVPQb95Qdi
 
@seanmdav: Joe Biden is the same craven liar today as he’s been for the last 50 years. Did McConnell “like and respect” the Joe Biden who claimed Mitt Romney wanted to reinstate slavery? McConnell is either lying to himself or to everyone else, and he needs to knock it off.
    What you’re seeing now from NeverTrump and the feckless GOP establishment is buyer’s remorse disguised as bewildered disappointment over Biden. “Well golly gee, can you believe things are this bad?!” They bought the ticket but want to pretend the ride is someone else’s fault.
 
@AriFleischer: Biden is one of the worst race-baiting people ever in the WH. It was bad enough when he said the GOP wanted to put black Americans “back in chains”. Now he says disagreeing w him on voting laws means you’re a segregationist, like George Wallace or Bull Connor. How low can he go?
 
@tomselliott: Biden, appearing to admit defeat on ending the filibuster & nationalizing elections, randomly starts shouting: States’ voter reform laws are “about who gets to count the votes! Count the vote! Count the vote!”  https://twitter.com/tomselliott/status/1481710410005106688
 
@JesseKellyDC: Can someone please check with the Secret Service and make sure they’re still protecting Trump? Someone clearly kidnapped the guy who always understood what his base wanted to hear and replaced him with a pharmaceutical rep.
 
@AtlRey: Trump on OANN: Once again praises vaccines, slams those questioning their efficacy and safety, then slams politicians that won’t say they got a booster shot. This is a strange hill to die on and a good way to lose his voting base…
 
RNC to require candidates to avoid debates hosted by the Commission on Presidential Debates
RNC move could likely lead to massive shift in how presidential and vice presidential general election debates are conducted (It’s about time!  Why did the RNC tolerate the bias and unfair treatment so long?)
    “The RNC has a duty to ensure that its future presidential nominees have the opportunity to debate their opponents on a level playing field,” RNC chair Ronna McDaniel writes in the letter. “So long as the CPD appears intent on stonewalling the meaningful reforms necessary to restore its credibility with the Republican Party as a fair and nonpartisan actor, the RNC will take every step to ensure that future Republican presidential nominees are given that opportunity elsewhere.”…
https://www.foxnews.com/politics/rnc-candidates-avoid-debates-hosted-by-commission-on-presidential-debates
 
Days after Lightfoot calls smash-and-grab victim ‘idiot,’ city cites him for multiple violations:
The (Chicago) mayor allegedly ‘walked out’ of the meeting
https://www.foxnews.com/us/lori-lightfoot-chicago-meeting-smash-and-grab-store-heated-meeting?s=09
 
Prince Andrew stripped of military, royal titles amid sexual assault case
Queen Elizabeth II agreed to the arrangement in the wake of Prince Andrew’s legal woes
https://www.foxnews.com/entertainment/prince-andrew-stripped-military-royal-titles-sexual-assault-case
 
Jeffrey Epstein brought EIGHT young women along on his visits to the Clinton White House and displayed photos of himself posing at the Briefing Room podium at his Palm Beach mansion
https://www.dailymail.co.uk/news/article-10394863/Jeffrey-Epstein-brought-eight-women-Clinton-White-House.html
 
Compare the Queen’s treatment of Randy Andy vs. the US MSM’s treatment of Bill Clinton et al.

Let us close the week with this offering courtesy of Greg Hunter

a must view…

 Harvey

CV19 Conspiracy Facts, Mandate Sunk, Inflation Raging, War w/ Russia | Greg Hunter’s USAWatchdog

CV19 Conspiracy Facts, Mandate Sunk, Inflation Raging, War w/ Russia

By Greg Hunter On January 14, 2022 In Weekly News Wrap-Ups 9 Comments

By Greg Hunter’s USAWatchdog.com (WNW 512 1.14.22)

Give Project Veritas a hand because it has broken the biggest government coverup story since the infamous Pentagon Papers.  The release back then showed the U.S. government lied and covered-up a decade’s long involvement in the Vietnam War.  Fast forward to today, and you see history repeating itself with the recently released papers form DARPA (Defense Advanced Research Projects Agency) and other government documents.  It shows the government was well aware of CV19 gain of function, vaccine plans, thwarting the use of Ivermectin and HCQ and the weaponization of a virus unleashed on the world to basically kill people and get them to take experimental vaccines out of fear.  This was racketeering to kill people so Big Pharm could make obscene amounts of money with a dangerous vaccine that was unnecessary and unneeded.  The “Pentagon Papers” helped end the Viet Nam War, and the “DARPA Papers” will hopefully end the CV19 virus and vax scam.   Maybe the Supreme Court took this into consideration when it voting down and sinking the Biden Vax mandates for private companies.

The latest inflation number is out, and the official number is 7%, which is well above the 2% Fed target rate.  In the real world, the inflation rate, without government gimmicks to lower it, is 15%, according to economist John Williams at Shadowstats.com.  To make matters worse, the PPI (Producer Price Index) just hit fresh record highs year over year coming in at 9.8% to the upside.  The Fed is in a panic to get control, but if it raises interest rates and cuts off the easy money, will it crash the economy?  Please keep in mind, there is mind blowing debt and derivatives in the hundreds of trillions of dollars, and experts say it would not take much of a nudge for the Fed to lose total control and melt it all down.

Last week, Russia, the USA and NATO were trying to ease tensions and work out an agreement to de-escalate the tension on Ukraine’s border with Russia. The U.S. and NATO don’t want Russia to influence the region, and Russia does not want more NATO countries on its border.  Talks ended without an agreement, and now the Biden Administration is talking about sanctions against Russia’s leader Vladimir Putin.  How close are we to another war?  Maybe a lot closer than you think.

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

(To Donate to USAWatchdog.com Click Here)

After the Wrap-Up:

Catherine Austin Fitts, Publisher of the Solari Report, will be the guest for the Saturday Night Post.   She will update us on Mr. Global’s progress and what “We the People” can do now.

 sawatchdog.com/cv19-conspiracy-facts-mandate-sunk-inflation-raging-war-w-russia/

I will see you on MONDAY night/

end

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