JAN21/

January 20, 2022 · by harveyorgan · in Uncategorized · Leave a comment ·Edit

January 21, 2022 · by harveyorgan · in Uncategorized · Leave a comment ·Edit

GOLD; DOWN $10.80 to $1831.40

SILVER: $24.25 DOWN 41 CENTS

ACCESS MARKET: GOLD: 1834.60..

SILVER: $24.29

Bitcoin: morning price: 38,220 down 3223

Bitcoin: afternoon price: 37,700 down 3743

Platinum price: closing down $12.35 to $1032.10

Palladium price; closing up $907 at $2103.15

END

end

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comex notices//JPMorgan notices filed COMEX//NOTICES:

FILED 0/85

EXCHANGE: COMEX

CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,842.500000000 USD
INTENT DATE: 01/20/2022 DELIVERY DATE: 01/24/2022
FIRM ORG FIRM NAME ISSUED STOPPED

435 H SCOTIA CAPITAL 66
624 H BOFA SECURITIES 83
661 C JP MORGAN 3
732 C RBC CAP MARKETS 16
737 C ADVANTAGE 2

TOTAL: 85 85
MONTH TO DATE: 5,649

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 85 NOTICE(S) FOR 85000 OZ (0.2643 TONNES)

total notices so far: 5649 contracts for 564,900 oz (17.570 tonnes)

SILVER NOTICES:

72 NOTICE(S) FILED TODAY FOR 360,000 OZ/

total number of notices filed so far this month 2838 : for 14,190,000 oz

GLD

WITH GOLD DOWN $10.80

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: 980.86 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 41 CENTS:/: NO CHANGES IN SILVER INVENTORY AT THE SLV/

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 527.792 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A STRONG 1687 CONTRACTS TO 152,743 AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THIS GAIN IN OI WAS ACCOMPANIED WITH THE $0.52 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.52) AND WERE UNSUCCESSFUL IN KNOCKING OUT SOME SILVER LONGS AS WE HAD AN ATMOSPHERIC GAIN OF 5590 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 GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.505 MILLION OZ FOLLOWED BY TODAY’S 100,000 OZ QUEUE. JUMP //NEW STANDING 14.435 MILLION OZ 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 -264

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 14 days, total contracts: : 13,658 contracts or 68.290 million oz OR 4.8778 MILLION OZ PER DAY. (975 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 13,658 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 68.290 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 1687 WITH OUR 52 CENT GAIN SILVER PRICING AT THE COMEX// THURSDAY THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE OF 3639 CONTRACTS( 3639 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 100,000 OZ QUEUE JUMP //NEW STANDING 14.435, MILLION OZ// .. WE HAD ATMOSPHERIC SIZED GAIN OF 5236 OI CONTRACTS ON THE TWO EXCHANGES FOR 26.30 MILLION OZ//

WE HAD 72 NOTICES FILED TODAY FOR 360,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A STRONG 6,442 TO 559,048 AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: -2691 CONTRACTS

THE STRONG SIZED INCREASE IN COMEX OI CAME DESPITE OUR TINY GAIN IN PRICE OF $0.20//COMEX GOLD TRADING/THURSDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALED A VERY STRONG SIZED 12,056 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 200 OZ QUEUE. JUMP//NEW STANDING: 17.608 TONNES

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $0.20 WITH RESPECT TO WEDNESDAY’S TRADING

WE HAD A VERY STRONG SIZED GAIN OF 9,345 OI CONTRACTS (29.06 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2903 CONTRACTS:

FOR FEB 2903 ALL OTHER MONTHS ZERO//TOTAL: 2903

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 561,759.

IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,056, WITH 9,153 CONTRACTS INCREASED AT THE COMEX AND 2903 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 12,056 CONTRACTS OR 37.49TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2903) ACCOMPANYING THE STRONG SIZED GAIN IN COMEX OI (6442): TOTAL GAIN IN THE TWO EXCHANGES 9345 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 200 OZ QUEUE. JUMP.//NEW STANDING 17.608 TONNES 3)ZERO LONG LIQUIDATION,4) STRONG SIZED COMEX OI. GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL

SPREADING OPERATIONS

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

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF FEB.WE ARE NOW INTO THE SPREADING OPERATION OF GOLD

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF JAN HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB, FOR GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (FEB), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2021 INCLUDING TODAY

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 53,309 CONTRACTS OR 5,330,900 oz OR 165.81 TONNES (14 TRADING DAY(S) AND THUS AVERAGING: 3807 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES: 165.81 TONNES

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

THUS EFP TRANSFERS REPRESENTS 165.81/3550 x 100% TONNES 4.67% 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 1687 CONTRACTS TO 150,792 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 3639 CONTRACTS

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

MAR 3639 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 3659 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 1651 CONTRACTS AND ADD TO THE 3639 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN AN ATMOSPHERIC SIZED GAIN OF 5326 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 26.630 MILLION OZ,

OCCURRED WITH OUR $0.52 GAIN IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

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

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 32.49 PTS OR 0.91% //Hang Sang CLOSED UP 13.20 PTS OR 0.05% /The Nikkei closed DOWN 250.67 PTS OR 0.90% //Australia’s all ordinaires CLOSED OWN 2.33% /Chinese yuan (ONSHORE) closed UP 6.3399 /Oil DOWN TO 84.45 dollars per barrel for WTI and UP TO 87.05 for Brent. Stocks in Europe OPENED ALL RED // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3399. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3427: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

A)NORTH KOREA//USA/OUTLINE

b) REPORT ON JAPAN

OUTLINE

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 6442 CONTRACTS AND CLOSER TO THE RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS STRONG COMEX INCREASE OCCURRED DESPITE OUR TINY GAIN OF $0.20 IN GOLD PRICING THURSDAY’S COMEX TRADING. WE ALSO HAD A FAIR EFP (2903 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 2903 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 2903 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2903 CONTRACTS

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A VERY STRONG SIZED 9,345 TOTAL CONTRACTS IN THAT 2903 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A VERY STRONG SIZED COMEX OI GAIN OF 6442 CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN (17.608),

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

DEC 2021: 112.217 TONNES

NOV. 8.074 TONNES

OCT. 57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE: 72.289 TONNES

MAY 5.77 TONNES

APRIL 95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

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

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT ROSE $0.20)

AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED A VERY STRONG 29.06 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (17.608 TONNES)…

WE HAD – 2,691 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 9,345 CONTRACTS OR 934,500 OZ OR 29.06 TONNES

Estimated gold volume today: 181,380 /// poor

Confirmed volume yesterday: 325,118 contracts fair

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	148,694.680 ozBrinksHSBCincludes 4000 kilobarsHSBC
Deposit to the Dealer* Inventory in oz*	nilOZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	85 notice(s)8500 OZ 0.2643 TONNES
No of oz to be served (notices)	12 contracts 1200 oz 0.0373 TONNES
Total monthly oz gold served (contracts) so far this month	5649 notices 564,900 OZ 17.570 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	xxx oz

Gold

xx oz

Gold

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

total deposit: nil oz

2 customer withdrawals

i) Out of BRINKS: 20,090.680 0z (real gold leaving)

ii) Out of HSBC 128,600.000 (4000 kilobars)

ADJUSTMENTS: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 97 stand for JANUARY LOSING 298 contracts. We had 300 notices filed on THURSDAY, so we GAINED 2 contracts or an additional 200 oz will stand for

gold in this very non active delivery month of January.

FEBRUARY LOST 18,232 CONTRACTS TO 165,904

March GAINED 314 contracts to stand at 2721..

We had 85 notice(s) filed today for 85,000 oz FOR THE JAN 2022 CONTRACT MONTH

Today, 3 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 85 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 (5649) x 100 oz , to which we add the difference between the open interest for the front month of (JAN: 97 CONTRACTS ) minus the number of notices served upon today 85 x 100 oz per contract equals 566,100 OZ OR 17.608 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 (5649) x 100 oz+ (97) OI for the front month minus the number of notices served upon today (85} x 100 oz} which equals 565,900 oz standing OR 17.608 TONNES in this NON active delivery month of JAN.

We GAINED 2 contracts or an additional 200 oz of gold will stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING: 17.608 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

125,410.592 PLEDGED MANFRA 3.90 TONNES

54,339.114oz PLEDGED JPMorgan no 1 1.690

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

898,821.330 oz pledged Brinks/27,96 TONNES

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

Loomis: 18,615.429 oz

total pledged gold: 1,604,386.051oz 49.90 tonnes

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 33,418,839.469 OZ (1039,46 TONNES)

TOTAL ELIGIBLE GOLD: 15,838,298.95 OZ (492.63 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,580,540.519 OZ (546.82 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,976,154.0 OZ (REG GOLD- PLEDGED GOLD) 496.92 tonnes

END

JANUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//JAN 21

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	534,568.570 oz Brinks CNT JPMorgan
Deposits to the Dealer* Inventory*	nil OZ
Deposits to the Customer Inventory	600,722.900 oz CNT
No of oz served today (contracts)	72 CONTRACT(S) 360,000 OZ)
No of oz to be served (notices)	49 contracts (245,000 oz)
Total monthly oz silver served (contracts)	2838 contracts (14,190,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

And now for the wild silver comex results

we had 0 deposits into the dealer

total dealer deposits: nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

We have 3 withdrawals

ii) Into Brinks; 9585.20 oz

iii) Into JPmorgan: 512,926.680 oz

iv) Into CNT; 12,056.60 oz

JPMorgan has a total silver weight: 184.986 million oz/355.993 million =51.95% of comex

ii) Comex withdrawals: 3

a) Out of CNT 925,629.560 oz

b) Out of Delaware; 175,637.090 oz

c) Out of Brinks 101,248.170 oz

d) out of manfra 1183,665.519 oz

total withdrawal 3,186.697.125 oz

we had 1 adjustment

customer to dealer..manfra 1,463,243.149 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 82.616 MILLION OZ

TOTAL REG + ELIG. 355.993 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 2838 CONTRACTS FOR 14,190,000 OZ

CALCULATION OF SILVER OZ STANDING FOR JANUARY

NUMBER OF NOTICES FILED TODAY: 72 NOTICES OR 360,000 OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 121 CONTRACTS LOSING 281 contracts on the day

We had 301 notices filed for THURSDAY so we GAINED 20 contracts or 100,000 additional oz will stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A LOSS OF 60 CONTRACTS DOWN TO 596

FOR MARCH WE HAD A GAIN OF 1067 CONTRACTS UP TO 117,818 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 72 for 360,000 oz

Comex volumes: 30,145// est. volume today//poor

Comex volume: confirmed YESTERDAY: 79,436 contracts (strong)

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 2838 x 5,000 oz =. 14,190,000 oz

to which we add the difference between the open interest for the front month of JAN (121) and the number of notices served upon today 72 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2021 contract month: 2838 (notices served so far) x 5000 oz + OI for front month of JAN (121) – number of notices served upon today (72) x 5000 oz of silver standing for the JAN contract month equates 14,435,000 oz. .

We GAINED 20 contracts or an additional 100,000oz 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 21/WITH GOLD DOWN $10.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 980.86 TONNNES

JAN 20/WITH GOLD UP $.20 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .58 TONNES FROM THE GLD///INVENTORY RESTS AT 980.86 TONNES

JAN 19/WITH GOLD UP $29.65 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 5.27 TONNES INTO THE GLD/INVENTORY RESTS AT 981.44 TONNES

JAN 18/WITH GOLD DOWN $3.25//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

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: 980.86 TONNES

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

SLV.

JAN 21/WITH SILVER DOWN 41 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 527.792 MILLION OZ

JAN 20/WITH SILVER UP 52 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.998 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 527.792 MILLION OZ

JAN 19/WITH SILVER UP 71 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.942 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 525.804 MILLION OZ

JAN 18/WITH SILVER UP 51 CENTS TODAY: TWO HUGE CHANGES IN SILVER INVENTORY AT THE SLV: 2 WITHDRAWALS OF 1.11 MILLION OZ AND 1.424 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 527.246 MILLION OZ//

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//

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: 527.792 MILLION OZ

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

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

LAWRIE WILLIAMS: Bitcoin and global equities weaken. What now for gold and silver?

Despite numerous recommendations on the web promising huge rises in bitcoin, recent days have seen cryptocurrencies fall quite dramatically, The most visible cryptos – BTC and ETH – have, at the time of writing, fallen below $39,000 and $2,900 respectively after hitting around $67,000 and $4,800 as recently as 5 months ago. Global equities have also been falling, with the Dow Jones Industrial Index, for example, falling around 5% over the past few days. Gold and silver have seen prices surge, though, but have been marked down a little this morning in European trade, although are making something of a partial recovery again as I write. Is this the shape of things to come?

For some time now, many commentators have been predicting an equity market crash. This may already be beginning, although it is almost certainly too early to suggest the kind of prolonged deep downturn these analysts have been suggesting. But perhaps the writing is on the wall! For some time the equity markets and bitcoin had been something of a sure thing in terms of investment growth, blown up by global central bank largesse to try and ward off the potential economic ravages of the Covid-19 pandemic. The U.S., which tends to set the global market tone, has been pre-eminent in this having run up trillions of dollars in debt through its Federal Reserve Bank (Fed) easing programmes. This has, unsurprisingly to most economists, initiated an inflationary surge which may now be getting out of hand.

As a result, the Fed is promising a programme of tightening, involving an end to its bond buying programmes, followed by increasing interest rates to try and stave off future inflationary pressures. Markets are thus beginning to run scared that the gravy train is about to end and that prediction from a number of ‘expert observers’ that we are due for a mega-crash in equity prices may just be beginning to come true. Parallels with the great Wall Street crash of 1929 are beginning to be evident and such generated nervousness could easily develop into a panic – although it is certainly too early to say if this is indeed happening. The trouble facing equity investors is that once such a panic has ensued it is usually too late prices collapse rapidly and it may then be too late to protect built-up wealth accumulated during the good times.

That can lead to an extremely rapid downwards spiral in equity prices unless one can protect one’s gains by switching all, or part, of one’s investments to safe haven assets which may not be adversely affected by an equity market meltdown, or by purchasing power-deterioration due to ongoing inflation. Gold and silver have been among these historical safe haven assets, and moving at least a proportion of one’s investments into these, and maybe into associated stocks, could turn out to be a wealth life-saver. Even if a crash does not happen this would probably be a wise investment choice as gold and silver tend to hold their value regardless, and will also help protect against the threat caused by high inflation levels.

We have continually stressed in past articles the value of holding assets like gold and silver in a negative real interest rate environment and real rates are certainly vey negative at the moment, and look likely to remain so for the foreseeable future. Gold and silver do not generate interest, but even a zero rate is a positive investment parameter when inflationary pressures are driving held wealth downwards in value. Even if the equity and bitcoin crash scenario is not yet forthcoming, it is better to be too early, rather than too late, in taking these kinds of wealth protection measures.

21 Jan 2022

-END-

20 Jan 2022

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

Your weekend reading material…. very important

(courtesy Alasdair Macleod/GATA)

Alasdair Macleod..

Alasdair Macleod: Understanding the inflation problem

Submitted by admin on Thu, 2022-01-20 12:56 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, January 20, 2022

In recent weeks inflation has become a major economic concern. Nearly all the commentary emanating from monetary policy makers, economists, and the media is misguided, believing inflation is rising prices and must be addressed accordingly.

They are only the symptoms of inflation. The true cause is the expansion of currency and bank credit, which, reflected in the U.S .dollar’s M2 money supply has increased substantially since March 2020, and now stands at nearly three times the level when Lehman failed.

After defining the differences between money, currency, and credit that together make up the media of exchange, this article explains how changes in the quantities of currency and credit translate into prices.

The solution to the inflation problem is not price controls, which are always counterproductive, but to return to a regime of sound money. This article shows what must be done to achieve this outcome and concludes that it is impossible to do so without a sufficiently serious financial and economic crisis to discredit government intervention in markets and to then allow governments to stabilise their currencies and reduce their spending to a bare minimum. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/understanding-the-inflation-problem?gmrefcode=gata

END

Fed launches a review of a possible central bank digital currency

I doubt if it is occurs.

(Wall Street Journal/GATA)

Fed launches review of possible central bank digital currency

Submitted by admin on Thu, 2022-01-20 20:01 Section: Daily Dispatches

By Andrew Ackerman
The Wall Street Journal
Thursday, January 20, 2022

WASHINGTON—The Federal Reserve today launched a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money to keep pace with private-sector payments innovations.

Fed officials have been divided on the matter, making it unlikely they will decide soon on whether to create a digital dollar. Unlike private cryptocurrencies like bitcoin, a Fed version would be issued by and backed by the U.S. central bank, a government entity, as are U.S. paper dollar bills and coins.

The central bank described today’s long-awaited discussion paper as the first step in a debate of whether and how a U.S. digital dollar could improve the safe and effective domestic payments system. The paper doesn’t favor any policy outcome, and the Fed said the release of the report isn’t meant to signal any imminent decision.

“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chairman Jerome Powell said in a statement. …

… For the remainder of the report:

https://www.wsj.com/articles/fed-launches-review-of-possible-central-bank-digital-currency-11642706158

end

same subject as above

(New York Sun//GATA)

New York Sun: The Fed and crypto — back to basics

Submitted by admin on Thu, 2022-01-20 20:28 Section: Daily Dispatches

From The New York Sun
Thursday, January 20, 2022

Could the announcement that the Federal Reserve is weighing “the pros and cons” of issuing a “digital currency” be a chance to move to center stage the question of monetary reform?

That is our optimistic interpretation of the discussion paper issued this afternoon by the central bank. For it will soon be confronted with the question of how a digital dollar might, or might not, be defined — and who defines it.

The way the Federal Reserve Board is retailing the demarche is that the paper itself “does not favor any policy outcome.” Rather, the idea, however novel, is to solicit comment from the public.

The Fed calls the paper “the first step in a discussion of whether and how a central bank digital currency could improve the safe and effective domestic payments system.” We find that less than fully candid. …

… For the remainder of the commentary:

https://www.nysun.com/editorials/the-fed-and-crypto-back-to-basics/91956/

end

Oklahoma is now considering investing its state funds in gold and silver

(Cortez/MMNews)

Oklahoma to consider investing state funds in gold and silver

Submitted by admin on Thu, 2022-01-20 20:36 Section: Daily Dispatches

By JP Cortez
Money Metals News Service, Eagle, Idaho
Thursday, January 20, 2022

An Oklahoma state representative today introduced legislation that would enable the state treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.

Introduced by Rep. Sean Roberts, HB 3681 would include physical gold and silver, owned directly, to the list of permissible investments the state treasurer can hold.

Currently, Oklahoma government money managers are largely relegated to investing in low-yield, dollar-denominated debt instruments.

Other than Ohio, no state is known to hold any precious metals, even as inflation and financial turmoil accelerate globally. Yet Oklahoma’s own investment guidance prescribes safety of principal as a primary objective for investment of public funds. …

… For the remainder of the report:

https://www.moneymetals.com/news/2022/01/20/oklahoma-to-consider-holding-gold-and-silver-removing-income-taxes-002456

end

4.OTHER GOLD COMMENTARIES

Bill Holter….

Crumbling narratives?

At year end I was asked for predictions of what 2022 might see? My #1 prediction was that 2022 would see several narratives collapse. It did not take long to begin! Yesterday, Boris Johnson ended ALL Covid protocols in Britain and was followed by WHO backing off boosters for youngsters. While still trying to discern what prompted BJ to do a 180 (other than trying to retain power?), we will wait to see if others follow suit? We will also wait to see further actuary numbers of deaths from the insurance industry. Raw numbers will be hard to spin … Another area to keep close watch are financial markets. Bluntly, the stock market is also a “narrative”. I have said before and will reiterate now, the ONLY thing holding the social fabric together are stock markets still close to all time highs… but now seriously wobbling. If markets had not been juiced and goosed to ridiculous levels, I believe we would have already had extensive riots and violence. Only “401K” rosy statements have acted as salve on our wounded (mortally?) society. It remains to be seen what happens from here, but it is safe to say, any Fed or central bank tightening will be met with equities severely puking. At close on Thursday we have had another downside equity reversal with option expiration coming tomorrow. Friday will be interesting to watch, a bad OpEx episode could bring Monday and next week into position to break the equity narrative’s back? As for metals, we saw over 100 tons of Dec. COMEX gold contracts stand for delivery, I believe an all time monthly record. 2/3rds of the way through Jan., 18 tons are standing which is also a record for any full January. Actually, 18 tons was about normal for one of the 4 major delivery months just a few years back. It really does look like a stampede for delivery in the making! Silver is even more interesting, and I should say “fraudulent”. Over the last 8 months alone, COMEX claims to have shipped contracts representing over 800 million ounces to London for delivery. The problem is “size”. The entire world only produces slightly less than 800 million silver ounces, are we to believe there were really 800 million ounces laying around London to be delivered? Especially after 2 full years of ridiculously outsized delivery claims? Below are the EFP amounts over the last 8 months courtesy of Harvey Organ.

LAST 8 MONTHS TOTAL EFP CONTRACTS ISSUED IN MILLIONS OF OZs:

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 And speaking of this magic number of 800 million ounces, this is also the amount that Ted Butler claims that Bank of America is now short. I really cannot wrap my head around the reasoning for any bank to be short ANY amount of silver. Especially since we heard from CFTC head Rostin Behnam back last February that “they” had to “tamp” down silver, otherwise there would have been big problems. Yes, they kicked the can down the road about one year, is that can now filled with close to 1 billion short ounces of silver and too heavy to kick any further? To wrap this up, I believe we are at a serious crossroads here and now! We should get many answers to many different markets and narratives in short order. Unfortunately, if the answers include narratives failing left and right as I believe, life as we have known it will be drastically altered by horrid realities. Be careful what you wish for as crumbling equity and real estate pricing, along with higher (drastically?) interest rates and inflation will make for an exploding misery index. Couple this with precious metals and commodity indexes finally trading at true market clearing pricing, and you have almost the perfect storm. Of course, perfection will only arrive with the full breakdown of supply chains, that should about do it for anyone with their heads in the sands of denial!
Standing watch,
Bill Holter
Holter-Sinclair collaboration

END

Special thanks to Doug Cundley for sending this to us:

Central Banks’ Record Gold Stockpiling

By Claudio Grass

ClaudioGrass.ch

January 21, 2022donate Facebook Twitter

According to recently released data by the World Gold Council (WGC), as of September 2021, the total amount of gold held in reserves by central banks globally exceeded 36,000 tons for the first time since 1990. This 31-year record was the result of the world’s central banks adding more that 4,500 tons of the precious metal to their holdings over the last decade and it provides ample support for the investment case for gold, in both directly performance-related terms, but also from a big picture perspective.

This new record went largely underreported in the mainstream financial press and almost entirely unmentioned in official central bank statements and their guidance or policy commentary. Quite to the contrary, policymakers in the US, the Eurozone and in most other major economies, have for over two years now insisted on repeating the exact same talking points and all kinds of arguments and convictions that would in fact nullify the case for holding gold at all.

For example, up until very recently, inflation was largely and decisively dismissed as “transitory”, with leading figures from the Fed and the ECB repeatedly assuring investors and the public at large that consumer prices were under control and that the early hikes we saw last year in official data were nothing but a glitch. Of course, as the pressures continued to build and as it became clear that the CPI figures (that are already a very poorly constructed and misleading gauge of inflation) were not aligned with the version of reality that central bankers publicly espoused, they were forced to perform a policy U-turn, at least in theory if not in practice. However, the most important element to note here, is that if their public statements were actually consistent with their policymaking and strategic outlook, there would be no conceivable reason to ratchet up their gold stockpiling.

Naturally, this is far from the first time we see this kind of dissonance between words and actions by officials and institutional figures of all sorts, not just central bankers. This is why investors need to pay attention to the practical steps that are actually taken, and largely ignore the rhetoric that surrounds, or often even conceals, those steps. As the old saying goes, “do as I do, not as I say”.

And while inflationary risks are very much on top of most conservative investor’s minds, there is also a much larger, long-term shift that the gold buying spree highlights: The reign of the dollar as the world’s reserve currency is slowly but surely coming to an end. The greenback’s value has seen a remarkable decline against gold over the last decade and it’s not just precious metals investors that are keeping a close eye on this trend. Reinforced by solid geopolitical reasons, central bankers in Russia, China and other aligned nations have been pushing for years already to dethrone the USD.

It has certainly been an uphill battle, and the US currency still undoubtedly dominates all others in International trade and in reserves, however, this campaign against it appears to be relentless. In fact, it might have reached an important milestone a few weeks ago: according to a report by the Central Bank of Russia that was analyzed by Bloomberg, last year, the nation’s central bank gold holdings surpassed its dollar reserves for the first time in its history, with gold making up 23% of total reserves as of the end of June and dollar assets dropping to 22%.

Meanwhile, many other nations have also been accelerating their gold buying and shedding their dollar reserves, and that is particularly true of Eastern European and Asian emerging economies. Just within the first nine months of 2021, Thailand added around 90 tons, India 70 tons and Brazil 60 tons. As was highlighted in a recent analysis by Nikkei Asia, “The presence of the dollar in foreign exchange reserves is falling, in contrast with the growth of gold. In 2020, the currency-by-currency ratio of the dollar fell to the lowest level in a quarter of a century.”

All in all, it is essential for investors to pay close attention to this shift. As central bankers themselves also clearly understand, as fiat currency debasement continues and even accelerates in the coming months and years, physical gold is set to provide the only reliable and time-tested haven from the storm that lies ahead.

This article has been published in the Newsroom of pro aurum, the leading precious metals company in Europe with an independent subsidiary in Switzerland.

This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share!endBullion star: Russia starts buyin gold again. This time 3 tonnes//now hold 2302 tonnes. Coming close to Italy and France.

END

Russia adds 3 tonnes to its official reserves. They are now closing in on Italy and France

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 UP AT 6.3399

OFFSHORE YUAN: 6.3427

HANG SANG CLOSED UP 13.20 PTS OR 0.05%

2. Nikkei closed DOWN 250.67 PTS OR 0.90%

3. Europe stocks ALL RED

USA dollar INDEX DOWN TO 95.58/Euro RISES TO 1.1349-

3b Japan 10 YR bond yield: FALLS TO. +.137/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 113.77/ 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:: 84.45 and Brent: 87.05-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.0.060%/Italian 10 Yr bond yield FALLS to 1.29% /SPAIN 10 YR BOND YIELD FALLS TO 0.63%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.34: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.68

3k Gold at $1839.80 silver at: 24.52 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble UP 29/100 in roubles/dollar AT 76.47

3m oil into the 84 dollar handle for WTI and 87 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 113.77 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 .9121– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0350 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: 1.780 DOWN 3 BASIS PTS

USA 30 YR BOND YIELD: 2.100 DOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.41

Markets Are “Sea Of Red” Amid “Total Meltdown In Anything Tech And Pandemic Winners”

FRIDAY, JAN 21, 2022 – 08:03 AM

Futures, yields, oil, dollar, cryptos – everything is lower on this $3.1 trillion option expiration day…

… as US traders relocate from their bedroom to their basement on the last day of the week, discovering a sea of red in most assets and a “total meltdown” in others. Emini S&P futures are down 0.5% or 22 points to 4,452 which by the way is well off the session lows which saw the S&P plunge as low as 4,429. Nasdaq futures are down 0.8% or 122 and Dow futures are lower by 95 points or 0.25%, while European stocks touched the lowest level in a month weighed by miners, travel and leisure and automakers. 10Y TSY yields are at 1.778%, rising from 1.76% at the session lows, but down from Thuesday’s close around 1.80%.

Cryptocurrencies crashed with Bitcoin trading below $38,000, the level that Mike Novogratz said is where he would be buying. Presumably he isn’t doing so. Ether, the second largest cryptocurrency by market cap, extends its decline to trade at around $2,750, in its longest daily losing streak since late July. Meanwhile, oil extends declines, with Brent falling 1.7% to below $87, while WTI falls over 2% to below $84 a barrel. Spot gold -0.4% to $1,832/oz, while the dollar also slips 0.1%.

“Risk appetite is widely down, and the cautious trading mood reflects the global uncertainty investors are now facing,” said Pierre Veyret, technical analyst at ActivTrades. “Sentiment is being driven down by monetary policies, uneven corporate results, a bigger Omicron impact on economies as well as rising geopolitical tensions between the USA and Russia over Ukraine.”

Meanwhile, a report that Washington is allowing some Baltic states to send U.S.-made weapons to Ukraine stoked concerns about a standoff with Russia.

“The 2022 outlook for risky assets is likely to be more challenging as central bank accommodation is withdrawn,” said Mohit Kumar, managing director at Jefferies International. “We would wait for more clarity from the Fed before shifting our cautious stance on equities.”

Besides the huge negative gamma overhang (much of which will fade by EOD as trillions in options expire) and the prospect of rising interest rates weighing on investor sentiment, corporate earnings aren’t helping the mood with disappointing earnings from PPG Industry and CSX, while Netflix plunged 21% in premarket trading as analysts cut their ratings and slash price targets after the streaming company’s first-quarter subscriber outlook missed estimates, prompting worries over slowing growth. Alibaba Group dropped in U.S. premarket trading as market participants weigh the stock impact of a report that China’s state broadcaster has implicated Jack Ma’s Ant Group in a corruption scandal. Expected data on Friday include Leading Index, while Huntington Bancshares, IHS Markit, Schlumberger are among companies reporting earnings. Here are all notable premarket movers:

Peloton (PTON US) shares rise 8.6% in U.S. premarket trading, set to rebound following Thursday’s 24% tumble in the wake of a CNBC report saying the company is temporarily halting production of bikes and treadmills over slow demand, which CEO John Foley later disputed in a memo to staff.
Apple’s (AAPL US) price target and estimates are raised at Wells Fargo ahead of the tech giant’s results next Thursday. The shares edge 0.1% lower in U.S. premarket trading.
Alibaba (BABA US) drops as much as 1.5% in U.S. premarket trading as market participants weigh the stock impact of FT report saying China’s state broadcaster has implicated Jack Ma’s Ant Group in a corruption scandal.
PPG (PPG US) fell 3% postmarket after the chemicals maker forecast adjusted earnings per share for the first quarter that missed the average analyst estimate and cited “significantly higher operating costs.”
CSX (CSX US) shares dropped over 3.8% in postmarket trading as fourth-quarter profit and revenue beat was overshadowed by a miss in operating ratio, a measure of the railroad’s efficiency.

In Europe, stocks dropped to the lowest level in a month echoing Asia’s slump. Euro Stoxx 600 drops as much as 1.7% with most European cash indexes ~1% in the red. Cyclical sectors such as basic resources, autos and travel led the declines, along with tech, while defensive stocks such as food, personal care and utilities outperformed. European e-commerce stocks fall on Friday, with Markets.com chief market analyst Neil Wilson noting the “total meltdown in anything tech and pandemic winners.” There’s a “huge momentum unwind” and “no one wants to touch them now,” with investors looking for defensive cash flows and value, Wilson writes in emailed comments: Naked Wines -6%, Home24 -5.4%, Global Fashion Group -5.2%, THG -3.5%, Moonpig -3.3%, Asos -3.2%, Made.com -2.9%, Allegro 2.6%, AO World -2.5%, Zalando -2.4%, Westwing -2.1%.

Earlier in the session, Asian equities resumed declines after a one-day reprieve, as global inflation concerns and the impact on borrowing costs weighed on technology stocks. The MSCI Asia Pacific Index fell as much as 1.4%, dragged down by shares of chipmakers TSMC and Samsung, as the global tech selloff deepened. The regional benchmark was headed for a weekly drop of more than 1.7%, its steepest since late November. Read more: A Year’s Worth of Nasdaq Tumult Gets Jammed Into Three Weeks Benchmarks fell across Asia, with Australia’s main gauge sliding more than 2% and Japan’s Topix narrowly missing a technical correction. Elevated energy costs and rising prices of other goods amid supply-chain bottlenecks have added to worries about faster-than-expected monetary-policy tightening. “A world shaped by supply constraints will bring more macro volatility,” BlackRock Investment Institute strategists including Elga Bartsch wrote in a note. “Monetary policy cannot stabilize both inflation and growth: it has to choose between them.” Toyota also ranked among the biggest drags on the regional benchmark after the auto giant announced more production halts on rising Covid-19 cases. Alibaba dropped after a Financial Times report said China’s state broadcaster has implicated Jack Ma’s Ant Group in a corruption scandal

Indian stocks completed their biggest weekly decline since November, as concerns about policy moves by the U.S. Federal Reserve and a rally in crude oil prices dented investors’ appetite for riskier emerging market assets. The S&P BSE Sensex dropped 0.7% to 59,037.18 in Mumbai, extending this week’s losses this to 3.6%. The NSE Nifty 50 Index also fell 0.8% on Friday. Technology stocks were hammered for a fourth consecutive session, with the sector gauge ending with the worst weekly performance since April 2020. Infosys Ltd., down 2.1%, was the biggest drag on the key indexes. All but one of 19 sub-indexes fell, led by a gauge of realty stocks. As the Federal Reserve looks at tackling higher inflation, investors are grappling with the prospect of reduced stimulus that had driven flows into emerging markets and bolstered riskier assets. “The likely Fed action and crude surge have been negative for sentiment after the market had a strong start to the year, and we expect this downward pressure to continue,” said A. K. Prabhakar, head of research at IDBI Capital Ltd. “In earnings, tech results have been strong, but attrition is high, while for others, higher raw material costs are a drag.” Of the 13 Nifty 50 companies that have announced results so far, six have either met or exceeded expectations, six have missed and one can’t be compared. Reliance Industries Ltd., the nation’s most-valuable company, is scheduled to announce results in the day

Australia’s S&P/ASX 200 index slumped 2.3% to close at 7,175.80, its lowest level since June 1, following U.S. shares lower after the tech-heavy Nasdaq 100 slipped into a correction. The Australian benchmark shed 3% this week amid anxiety over interest rates and the outlook for corporate earnings, capping its worst weekly performance since October 2020. Paladin Energy was the worst performer on Friday, plunging 11%, and Whitehaven fell after trimming its full-year managed ROM coal production forecast. In New Zealand, the S&P/NZX 50 index fell 1.2% to 12,348.00. The gauge lost 3.5% this week in its biggest such loss in 11 months

In rates, demand for havens pushed the 10-year U.S. Treasury yield below 1.80%. Treasury futures are off session highs reached during Asia trading hours, hold modest gains from belly to long end, trimming yields by ~1bp vs Thursday’s closing levels. 10-year TSY yield around 1.775% is ~2bp richer on the day after dropping as low as 1.763% during Asia session; German 10- year outperforms by 1.2bp with Estoxx50 down 1.7%. IG dollar issuance slate empty so far; three-deal docket Thursday consisted entirely of banks for combined $5.4bn. Bunds bull flatten, richer by ~3bps at the long end; gilts bull steepen with the belly outperforming.

In FX, Bloomberg Dollar Spot dips 0.2% into the red. SEK and CHF are the best performers in G-10; NZD, AUD and GBP lag, with cable near session low of 1.3562, one tick above the 21-DMA at 1.3561. The Bloomberg dollar index slipped as the greenback traded mixed versus its Group-of-10 peers. The pound lagged most of its Group-of-10 peers, extending declines after data showed U.K. retail sales plummeted in December. BOE’s Mann to speak later. Sweden’s krona is the best G-10 performer as it retraces about half of yesterday’s deep losses that took it to an 18- month low against the greenback in the U.S. session after a triggering stop-losses and options barriers. Australian and New Zealand dollars weakened amid risk-off price action in stocks and commodities. The yen strengthened on haven demand; BOJ minutes of its December meeting showed one board member noting that policy adjustment now would be too early.

In commodities, crude futures are deep in the red, but off worst levels, after a surprise climb in U.S. crude stockpiles. The White House also said it can work to accelerate the release of strategic reserves. WTI regained a $84-handle, Brent trades back above $87. Spot gold drops ~$5 before finding support near $1,830/oz. Base metals are mostly in the green and up on the week. LME lead and tin outperform.

Looking at the day ahead, data releases included UK retail sales for December, which missed badly, and the US Conference Board’s leading index for December. Central bank speakers include ECB President Lagarde and the BoE’s Mann.

Market Snapshot

S&P 500 futures down 0.2% to 4,467.50
STOXX Europe 600 down 1.3% to 476.89
MXAP down 0.9% to 191.91
MXAPJ down 1.0% to 630.82
Nikkei down 0.9% to 27,522.26
Topix down 0.6% to 1,927.18
Hang Seng Index little changed at 24,965.55
Shanghai Composite down 0.9% to 3,522.57
Sensex down 0.8% to 58,998.67
Australia S&P/ASX 200 down 2.3% to 7,175.81
Kospi down 1.0% to 2,834.29
Brent Futures down 1.9% to $86.66/bbl
Gold spot down 0.3% to $1,832.94
U.S. Dollar Index down 0.14% to 95.60
German 10Y yield little changed at -0.05%
Euro up 0.3% to $1.1344
Brent Futures down 2.0% to $86.63/bbl

Top Overnight News from Bloomberg

Federal Reserve officials will signal next week they’ll raise interest rates in March for the first time in more than three years and shrink their balance sheet soon after, economists surveyed by Bloomberg said
The European Union is ripping up the green investing playbook with plans to allow some gas and nuclear projects to be called sustainable. The bloc is poised to include these kinds of power generation with conditions in its rulebook for sustainable activities, or taxonomy. That’s divided the fund community, as some worry their holdings will no longer be in line with the rules, while others think it’s a necessary compromise.
China is quietly urging banks to increase lending after a slow start to the year, ramping up efforts to combat the weakest economic expansion since early 2020
Italy’s papal-style vote for a new president each seven years is the culmination of Rome’s political intrigues and power games. For the first time, the process is attracting international interest as Prime Minister Mario Draghi is touted as a top contender for the job. Voting will start on Jan. 24 at 3 p.m. local time, and it is expected to last a few days
Iron ore futures climbed to the highest intraday level since October as China made it clear that it will take action to stabilize the economy, bolstering the demand outlook for the raw material

A more detailed look at global markets courtesy of Newsquawk

Asia Pacific

APAC markets traded lower amid wide-spread risk aversion after late Wall Street selling . ASX 200 (-2.3%) underperformed as miners led the broad downturn.
Nikkei 225 (-0.9%) dropped more than 500 points intraday on currency strength but finished off lows
Hang Seng (U/C) and Shanghai Comp. (-0.9%) downside was somewhat cushioned on subsequently confirmed reports of further PBoC action.
US equity futures traded with losses across the board: NQ underperformed post-Netflix earnings.

Top Asian News

Rising Cases Spark Covid Superspreader Fears in Hong Kong
Alibaba Drops in U.S. Premarket on Corruption Report Speculation
Playtech Sinks as Former F1 Boss Jordan Pulls Possible Offer
Coal Soars to $300 a Ton as Asia Scrambles for Power Plant Fuel

Europe

Major European bourses are pressured Euro Stoxx 50 -1.3%; Stoxx 600 -1 5%. as the Wall St rally faded and reverberated through APAC trade . Although, the Stoxx 600 remains -0.5% on the week.
US futures have been lifting off overnight lows, though the NO continues to lag post-Netflix.
European sectors are all in the red. but defensives are faring slightly better than cyclicals

Top European News

U.K. Retail Sales Drop as Omicron Keeps Shoppers Away
Lotus Explores Electric-Car Battery Tie-Up With Britishvolt
Amazon’s Alexa Voice Assistant Reportedly Suffers Europe Outages
Greece Is Great Place to Be in Rough January for Europe Stocks

Franc finally evades SNB clutches to rally and outshine other safe-haven currencies.
Pound discounted after dire UK retail sales data and deterioration in consumer sentiment.
Buck betwixt and between as USTs rebound, but risk aversion gathers momentum.
Kiwi and Aussie lag due to unfavorable market conditions and their high beta characteristics but Yuan continues to rally as PBoC adds SLFs to the list of official rates being cut to support the Chinese economy Click here for a detailed summary.

Fixed Income

USTs extend rebound from post-20 year auction highs on amidst more pronounced risk-off positioning.
Bunds play catch up with Treasuries as demand for safe-havens picks up
Gilts also correct higher and pay some heed to downbeat UK fundamental

Commodities

WTI and Brent March contacts remain pressured by the broader risk tone, with focus on geopolitics
Morgan Stanley has increased its Q3 Brent price forecast to USD 100/bbl vs prev. viev; of around USD 90/bbl.
Spot gold looks heavy as traders booked some profits from yesterdays rally, while the yellow metal found support around the USD 1 830/oz.
LME copper re-tested USD 10k/t to the upside but failed to mount the level

DB’s Jim Reid concludes the overnight wrap

Don’t tell anyone but I’m going to betray my first love this weekend. It’s with someone 5 years younger but much less attractive on the eye and with far, far, far less money. I’ll also be introducing them to my kids but will be meeting up in a place that it is far less likely I’ll be seen. Yes as Liverpool fight to keep alive in the Premier League title race I’ll be taking the twins to their first football match at non-league Woking Town who are around 105 places lower in the English football structure. Anfield was just too long a journey to be stuck with them for that length of time! The twins play for Woking Cubs although at this stage persuading them to not pick up the ball and run off with it mid-practise is an achievement.

The bears took control of the ball last night as markets followed the recent script whereby equities showed some stability only to take a turn late in the New York session. The S&P 500 was as much as +1% higher intraday, before selling off in the US afternoon, finishing the session down a steep -1.10% and is now -6.48% lower year-to-date. Consumer discretionary (-1.94%) and technology (-1.33%) were again among the biggest decliners, as big tech stocks underperformed. The NASDAQ fell -1.30%, and is down -9.53% YTD, -11.85% from all-time highs and closed below its 200 day average for the first time since the March 2020 Covid-induced volatility.

The S&P declines were broad-based though with 84% of the constituents lower after as much as 90% of the index was in the green intraday. The S&P 500 is on track for a 3rd consecutive weekly decline for the first time since September 2020. The story only got worse for tech stocks after the close, as Netflix posted poor earnings, missing subscriber estimates. The stock declined more than -20% in after hours trading.

Europe saw a stronger performance, but this was before the weak US close with the STOXX 600 ending the day up +0.51%.

Having experienced the highest levels in yields for many months earlier this week, sovereign bonds also rallied yesterday, with the 10yr Treasury yield down -6.1bps to 1.80%. True to form, most of the declines took place later in the New York session. About half of the declines came from real yields, down -3.4bps. These moves also occurred alongside a further flattening in the yield curve, with the 2s10s slope down -2.8bps to 77.5bps, which is its lowest closing level of the year so far, and not far off the recent low of 73.6bps we saw in late December. As a reminder, whether or not you’re in agreement as to its explanatory power, every US recession in recent times has been preceded by an inversion of the 2s10s curve, and our analysis shows that in the Fed hiking cycles since 1955 you generally see a flattening in the curve of around 80bps in the first year (see our rate hike primer here for more on this). So if the Fed hikes in March and things play out in line with that historic playbook, then that would imply a curve inversion in H1 next year. For the record 10yr yields are currently -3bps in the Asian session and the curve another couple of basis points flatter.

Central bankers will be hopeful they can avoid yield curve inversion, and ECB President Lagarde emphasised yesterday that the ECB had “every reason to not react as quickly and as abruptly as we could imagine the Fed might”. Nevertheless, the minutes from the ECB’s Governing Council meeting in December were released yesterday, which said “it was cautioned that a “higher for longer” inflation scenario could not be ruled out.” The minutes noted that the 2023 and 2024 inflation forecasts were “already relatively close to 2% and, considering the upside risk to the projection, could easily turn out above 2%.” It came as the final reading of December’s Euro Area inflation matched the initial estimate of +5.0%, the highest since the single currency’s formation, whilst sovereign bond yields in Europe followed the US lower, with those on 10yr bunds (-1.3bps), OATs (-1.8bps) and BTPs (-3.7bps) all declining.

Overnight in Asia, all major stock indexes are sharply lower. The Nikkei (-1.49%) is weak, giving up the gains in the previous session as Japan’s headline inflation (+0.8% y/y) in December failed to surpass market expectations of a +0.9% reading and may quell some of the recent policy normalisation stories. The core-CPI remained unchanged at +0.5% y/y in December below the market forecast of +0.6% rise. Elsewhere, the Kospi (-1.48%), Shanghai Composite (-0.82%), CSI (-0.85%) and the Hang Seng (-0.75%) are also down. Looking ahead, stock futures in the DM world continue to paint a weaker picture with S&P 500 (-0.5%), Nasdaq (-1%) and DAX (-1.25%) contracts trading lower again.

After remaining buoyant most of the session yesterday, Oil was also a victim of the late sell-off. Brent crude fell by -1.13% to $87.44/bbl, while WTI was only a smidge lower, declining -0.07% to $86.90/bbl. However the Asian session hasn’t been kind with WTI trading in the low $84s as we type. Other commodities kept the trend going before the late sell-off. Agricultural prices saw fresh gains, with Bloomberg’s agriculture spot index (+0.68%) advancing to a post-2012 high, and both industrial and precious metals generally moved higher on the day as well.

In terms of yesterday’s data, Germany’s PPI inflation accelerated to +24.2% year-on-year in December (vs. +19.3% expected), marking the fastest increase since that statistic was introduced in 1949. Over in the US meanwhile, the weekly initial jobless claims rose to a 3-month high of 286k in the week through January 15. That was some way above the 225k reading expected and potentially reflects the growing impact of the Omicron variant on the labour market. Furthermore, the 4-week rolling average of claims rose to 231k as a result, marking its 3rd consecutive move higher. When it comes to other US data, the Philadelphia Fed’s business outlook survey for January was more promising at 23.2 (vs. 19.0 expected), but the existing home sales for December fell for the first time in 4 months to an annualised rate of 6.18m (vs. 6.42m expected). There were some indications that this was a lack of supply rather than demand issue.

For what it’s worth, after the US close Treasury Chief Janet Yellen lent her support to the Biden administration by expressing confidence in its ability along with the Fed to bring back inflation closer to 2% by the end of 2022.

To the day ahead now, and data releases include UK retail sales for December, the Euro Area’s advance consumer confidence reading for January, and the US Conference Board’s leading index for December. Central bank speakers include ECB President Lagarde and the BoE’s Mann.

3. ASIAN AFFAIRS

i)FRIDAY MORNING// THURSDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

3B JAPAN

end

3c CHINA

CHINA/

CCP now going after Ant and its founder and Jack Ma

(zerohedge)

Jack Ma’s Ant Group Implicated In Major Corruption Scandal Involving Ex-CCP Official

FRIDAY, JAN 21, 2022 – 02:00 PM

Way back in 2019, long before Alibaba founder Jack Ma’s falling out with the CCP (or, we should say, when the strains in their relationship were far less visible in the business press), we reported the following prediction from Hayman Capital’s Kyle Bass: That Jack Ma would be “jailed, or disappeared” shortly after stepping down as Alibaba’s chairman.

When Ma abruptly disappeared after the CCP sabotaged the (Ma-led) IPO for Ant Group, Alibaba’s financial arm that had become widely used within the Chinese market, we feared the worst.

And even though Ma eventually resurfaced, things have never been the same for a man who was once China’s wealthiest man. What’s worse is that it marked the beginning of a CCP crackdown on China’s burgeoning tech industry that continues to this day.

While shares of Alibaba have staged a modest comeback off their lows, Ma has unfortunately bounced from one troubling allegation to the next. The latest has arrived courtesy of Chinese state broadcaster CCTV, which has published a report implicating Ma’s Ant Group in a wide-ranging corruption scandal – a charge that has been known to carry the death penalty in the PRC.

The documentary didn’t name Ant, but it alluded to the company, which was founded in Hangzhou. But it did further implicate a family member of a high-ranking CCP official, who was arrested back in August. As a result, Ant Group received “discounts” on plots of real-estate and other “government policy” support.

Here’s more from the FT, which published its own report on the CCTV documentary:

A documentary on state-run China Central Television alleged that private companies made “unreasonably high payments” to the brother of the former Chinese Communist party head of Hangzhou, an eastern city that is home to Ant Group’s headquarters, in return for government policy incentives and support with buying real estate.
According to public records and two sources close to the deals, a unit of Ant Group bought two plots of land at a discount in Hangzhou in 2019 after taking stakes in two mobile payment businesses owned by the party secretary’s younger brother that were named in the documentary.
While the documentary did not name Jack Ma’s company, the Ant unit was the only external corporate investor in one of these businesses, according to the public records, and was among three corporate investors in the second.
“The nature of such a transfer of interests is an exchange of power and capital,” said the documentary, produced by the Communist party’s Central Commission for Discipline Inspection. Material aired by China’s state broadcaster represents the official party line.

The news comes one week after a state-owned asset manager pulled out of a deal to invest in Ant. In hindsight, such a rejection by a state-controlled entity was probably a harbinger of what was to come.

The name of the now-imprisoned CCP official is Zhou Jiangyong, a former party secretary of Hangzhou. Many of the allegations involve his brother, whom he helped to obtain lucrative contracts with local government entities.

The younger Zhou, a former business school professor, launched Youcheng United (Ningbo) Information Technology Development Co in 2016, winning contracts to build subway mobile payment systems in the coastal hubs of Ningbo and Wenzhou, according to the documentary. At the time, his brother was the party secretary of these cities. “He won the business because I was a government official,” said Zhou, the former party secretary, about his brother in the documentary.
Ant entered into a series of deals with the younger Zhou. Public records show Shanghai Yunxin Venture Capital Management Co, a subsidiary of Ant, paid Rmb1.7m ($268,000) for a 14.3 per cent stake and a board seat in Youcheng United (Ningbo) in March 2019.
[…]
“He won the business because I was a government official,” said Zhou, the former party secretary, about his brother in the documentary.

One source close to Ant Group told the FT that it might be time for Ant to “pay the price” for the corrupt government favors that helped it along during the early years of its development. After the documentary aired, the CCP’s anti-graft commission said it would step up oversight of tech companies to “cut off the link between power and capital.”

“The rise of Ant has a lot to do with its ability to curry favour from local officials,” said a person close to the fintech group. “It may now pay a price for that.”

An academic at a university in Beijing added that “the rise and fall of Ant epitomizes the unequal relationship between business and politics” in China.

Alibaba shares slumped on the news, as investors interpreted the report as a sign that Beijing would likely further its crackdown on the company.

As for Ma, there has been only radio silence since the charges were reported. But if he is still free, he likely won’t remain so for long.

end

4/EUROPEAN AFFAIRS

//AUSTRIA/COVID/

Pure insanity: Austria introduces a COVID 19 vaccination lottery with winners getting a 500 euro voucher

Sick people running Austria’s government

(zerohedge)

Austria Introduces COVID-19 Vaccination Lottery, Winners Get €500 In Vouchers

FRIDAY, JAN 21, 2022 – 02:45 AM

The Austrian government announced a new vaccination stimulus package – including a lottery and financial rewards – in a bid to boost the national vaccination rate, The Local reported. The announcement was made at a press conference in Vienna with Federal Chancellor Karl Nehammer (ÖVP), Vice Chancellor Werner Kogler (Greens) and SPÖ leader Pamela Rendi-Wagner ahead of the vote on the mandatory vaccination law (Impfpflicht) in the National Council on Thursday.

“What is there to win in the vaccination lottery? Vouchers!” Chancellor Karl Nehammer told a news conference with the leader of the opposition Social Democrats, Pamela Rendi-Wagner, with whom the measure was negotiated, Reuters reported.

The Chancellor said he wanted there to be a financial reward for those who get vaccinated.Austria’s Chancellor Karl Nehammer departs after attending an European Union Summit at the European Council building in Brussels, early on December 17, 2021

“We have learned from the past and we have seen that a vaccination lottery is the best possible way to set up such a system,” he said.

Plans for the stimulus package include a lottery (Impflotterie) for vouchers worth €500. The scheme will be rolled out in partnership with ORF, Austria’s national public service broadcaster.

The lottery will start on March 15th to coincide with the implementation of the planned compulsory vaccination controls and will apply to people that are already vaccinated, as well as those who decide to get their first jabs.

Nehammer said every tenth vaccinated person in Austria will be in with a chance of winning a €500 gift voucher and participants would receive one lottery ticket for every Covid shot they have had. This means if someone has been vaccinated three times including the booster jab they will receive three entries into the lottery.

The vouchers will be valid for a variety of businesses across Austria, including retail, gastronomy, hotels, cultural and sports facilities, although it is expected online shopping will not be included.

The Federal Government also announced an additional financial packages for municipalities to encourage them to boost the vaccinated rate.

Nehammer provided an example of how the incentive would work and said if a municipality with 3,000 inhabitants reaches the 80 percent vaccination target, it would receive €30,000. For 85 percent it would be €60,000 and for 90 percent the amount would rise to €120,000.

The government has set aside a total of €1.4 billion for the scheme – €1 billion for the lottery and €400 million for the financial incentives for municipalities.

Nehammer described the use of government funds for the vaccination stimulus package as “completely justified”.

end

UK/COVID/VACCINE MANDATE

END

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA, UKRAINE/USA

Biden authorizes rush delivery of USA weapons to the Ukraine

(zerohedge)

Biden Authorizes Rush Deliveries Of US Weapons To Ukraine Via Baltic Allies

THURSDAY, JAN 20, 2022 – 07:30 PM

The Biden administration is pulling the trigger on sending anti-tank weapons and air defense systems into Ukraine in order assist in repelling any potential Russian invasion. Further the White House has “notified Congress it intends to send five Mi-17 Transport Helicopters to Ukraine, officials Say,” according to The Wall Street Journal.

But this weapons transfer will not be done directly, instead, it will be facilitated through third party allies – namely Estonia, Lithuania, and Latvia. The proposed plan for some further limited military assistance to Ukraine was revealed earlier this week, but as of Thursday afternoon the administration has authorized it. Test-firing weapons, Ukraine, via NBC

CBS News is also reporting that “U.S. officials confirmed to CBS News that the Biden administration had given permission to several NATO allies to send emergency shipments of U.S.-made weapons — including anti-tank missiles — to Ukraine to reinforce the country’s defenses.”

The report details, coming just a day after Biden said it was his “guess” that Putin is preparing to “move in” to Ukraine, that—

State Department sources said allies including Estonia, Latvia, Lithuania and the U.K. were cleared to make “Third Party Transfers” of U.S.-made and supplied equipment to Ukraine, which one official described as part of a race “to get as much gear to the Ukrainians as quickly as possible.”

Up to this point it’s remained unclear the degree to which the administration might authorize any level of a military response. For years the US has already supplied Ukraine’s army with military equipment, and has even had limited numbers of special forces in the country training Ukrainian counterpart forces.

Earlier this week UK’s Defence Secretary Ben Wallace announced a arms shipments for Ukraine, which have been reported ongoing over a period of a last three days on a series of military flights to Kiev…

With Biden now giving the green light on Baltic allies to also begin pouring more weapons into the simmering Donbass conflict, pushing tensions between Moscow and NATO further to the brink, Europe could be closer to seeing the outbreak of all-out war on its periphery. Russia will certainly see this new arms build-up on the Ukrainian side of the border a major provocation, possibly violating its “red lines” regarding NATO presence in Ukraine.

END

USA special forces continue their mission training troops in the Ukraine

(DeCamp/Antiwar)

US Special Forces Continue Mission Training Troops In Ukraine

FRIDAY, JAN 21, 2022 – 02:00 AM

Authored by Dave DeCamp via AntiWar.com,

US special operations forces are continuing a mission to train troops in Ukraine amid heightened tensions with Russia, Stars and Stripes reported on Wednesday.

An undisclosed number of US special operators has been training Ukrainian forces inside Ukraine for several years under a mission led by US Special Operations Command Europe (SOCEUR).Image via Donbass Insider

“The bottom line is that our training mission in Ukraine is ongoing,” said Lt. Col. Juan Martinez, a spokesman for SOCEUR. “We continue to view our mission in Ukraine as part of an ongoing effort in enhancing Special Operations Forces capabilities as a keystone for regional stability.”

There is a renewed focus on the presence of US military personnel in Ukraine as the White House is claiming Russia is preparing to invade the country. Besides the special operations, there are also about 100 US National Guard troops in Ukraine.

US training and support for Ukraine’s military is a major point of tensions between the US and Russia, and the cooperation goes far beyond the special operators’ mission. Since the 2014 US-backed coup in Kyiv, the US has provided about $2.5 billion in military aid to Ukraine.

“The Stuttgart-based SOCEUR has quietly operated out of a training center outside of Kyiv for the past several years,” Stars and Stripes notes. “The mission’s focus is assisting Ukrainian forces to defend more effectively against Russian aggression.”

Last week, Yahoo News reported that the CIA has been training Ukrainian paramilitaries at a base inside the United States since 2015. The New York Times reported that the Biden administration is considering backing an insurgency in Ukraine if Russia invades.

END

The USA upper echelons are nut cases: USA mulling a plan to evacuate diplomats family members from Ukraine. Blinken Lavros meeting: positive

(zerohedge)

US Mulls Evacuating Diplomats’ Family Members From Ukraine; Blinken-Lavrov Meeting ‘Positive’

FRIDAY, JAN 21, 2022 – 10:18 AM

The US State Department is reportedly mulling a plan to evacuate diplomats’ family members from Ukraine as a precaution amid the continued crisis wherein Washington has predicted some level of a Russian offensive on the Ukraine border.

At the same time, Russia’s embassy in Washington D.C. has been calling on the West to “end the hysteria” – assuring that there are no plans to invade Ukraine. Earlier in the week it issued a message on Twitter, saying, “We stress once again: Russia is not going to attack anyone. The practice of moving troops on our own soil is a sovereign right.”US Embassy, Kiev. via AFP

Days ago there were also Western media reports alleging that Russia was thinning out its embassy presence in Kiev, possibly ahead of military action. The claim was first reported in The New York Times, which the Russian Foreign Ministry blasted as sensationalism and fake news sourced to Ukrainian security services.

A statement said at the time, “Russia’s embassy and consulate general in Ukraine are operating normally.” Spokesperson Maria Zakharova wrote further, “They are doing this despite attacks on Russian foreign service workers by Ukrainian radicals, and the provocations of local security forces. But the American media have not and will not cover this.”

“If the American newspaper had come to us for comment, it would have learned about the harassment. But then, of course, it would no longer have wanted to publish the whole thing, and it would have lost a chance to once again ‘hype up’ the theme of ‘Russian aggression’.”

Concerning the question each side drawing down their embassy personnel, in reality (barring some shock provocation along the border) the situation is likely far from reach that point as of yet.

US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov have wrapped up their meeting in Geneva, where things were generally positive in terms of willingness of both sides to at least further communications and dialogue, and avoid military conflict.

The two sides “agreed to keep talking to try to resolve a crisis that has stoked fears of a military conflict,” Reuters writes.

“We didn’t expect any major breakthroughs to happen today, but I believe we are on a clearer path in terms of understanding each other’s concerns, each others’ positions,” Blinken said just after the meeting. “Let’s see what the next days bring.”

“I told him that following the consultations that we’ll have in the coming days with allies and partners, we anticipate that we will be able to share with Russia our concerns and ideas in more detail and in writing next week, and we agreed to further discussions after that,” Blinken added, while still emphasizing that Moscow’s central demands concerning which countries can be in NATO remains a “non-starter”.

end

Seriously ?

Inbox

Acknowledge that twelve ships all set sail from Virginia within 24 hours, the other day. The US will not stop a Russian invasion. It is sending naval support as a show of force to not take all of Ukraine. This is why Biden said when he said in his press conference which was a PR disaster of the first order. This is administrative action that is meaningless. And why the Ukraine is not a NATO country, and nor should it be one. It is a money pit that has not changed in 30 years. More than likely half the weapons being sent will sold off on the black market, just like they have done in the past to end up in some insurgency elsewhere.

These are the 12 ships that set off.

the USS Iwo Jima (LHD 7) class Wasp
the USNS Medgar Evers (T-AKE-13) Lewis and Clark-class
the USNS Zeus (T-ARC-7)
the USS Bataan (LHD 5) class Wasp
The USS Arlington (LPD 24) San Antonio Class
The USS Tripoli (LHA 7)
The USS Curtis Wilbur (DDG 54) class Arleigh Burke-class Flight I
The USS Kearsarge (LHD 3) class Wasp
The USNS tanker Joshua Humphreys (T-AO-188) Henry J. Kaiser-class
The USS Forrest Sherman (DDG 98) class Arleigh Burke-class Flight IIA
The USS Gunston Hall (LSD 44) Whidbey Island-class
The USS Carter Hall (LSD 50)

But when you look at this more broadly it is crazy to think a war should be fought in Europe for the Ukraine which Europe cannot afford to bail out. Nor can NATO defend it. Arguably NATO is in sad need of rebuilding and risks being irrelevant as it cannot manage the migration allowed by member countries of migrants and risks serious civil disobedience or worse. Now for a dose of reality. This is why Germany cannot go to war with Russia and while the Biden bunch does not care and will sacrifice Germans for perceived hegemony. Clearly Germany wishes to live and will not be participant in foolhardy war mongering. It is likely this is true of many other countries should they develop the will to stand down. Risking not just a freezing population but a collapsing economy offers no comfort the politicians who already fear being thrown out of office.

I suspect that if Germany is down to 18 days of gas, there are other countries in worse shape. Perhaps everyone bought mittens and the like and will learn to cook without electricity. However, i offer this suggestion a hardship on top of lockdowns and mandates with a collapsing Covid narrative will bring a uprising to Europe not seen in a long time. As it is, huge protests are occurring except they are not covered by the press and I note the Czechs have abandoned all Covid restrictions. More countries will follow them and the Brits. And politicians need not think that the public will support them in a war narrative to replace the Civid narrative. Rather they risk mass social upheavals that can easily topple the political order in Europe sooner than later with a vengeance
END

Tulsi Gabbard blasts the warmongers for taking the uSA towards destruction of the world

(Gabbard/zerohedge)

Tulsi Gabbard Blasts “Warmongers” Taking US Toward “Destruction Of The World” Over Ukraine

THURSDAY, JAN 20, 2022 – 05:30 PM

Former US congresswoman Tulsi Gabbard is once again calling out the US hawks’ rush to escalate toward military confrontation with Russia over Ukraine. The Iraq War veteran and reserve officer who also became well-known for exposing the dirty war on Syria said in a Thursday video message posted to Twitter that confrontation between “two nuclear armed powers” can only end in “the destruction of the world and life as we know it.”

She deplored during the clip taken from a recent news appearance that the unhinged and dangerous jingoism is coming primarily from “warmongers” currently in office, who are now “influencing the decisions that are being made by this White House.”

During the segment Gabbard identified that Secretary of State Antony Blinken and National Security Advisor Jake Sullivan are central parts of the problem. She argued that they are well-known supporters of “regime change wars”:

“Unfortunately, in this White House, we have warmongers and people like Jake Sullivan and Tony Blinken, who had a very strong hand in being the architects of regime change wars in Iraq, in Libya, in Syria and they’re the ones who are influencing the decisions being made by this White House,” she said.

Interestingly, Biden himself has appeared less hawkish than his own top staff. For example, both Jen Psaki and Blinken this week have claimed Russia is poised to invade Ukraine “at any point”.

And yet during his solo press conference Q&A on Wednesday, Biden made it abundantly clear that he thinks Putin hasn’t made up his mind yet. Biden also came under severe criticism from within his own party when he suggested disunity within NATO over how to respond:

“It’s one thing if it’s a minor incursion and we end up having to fight about what to do and not do,” Biden said. “But if they actually do what they’re capable of doing with the forces amassed on the border, it is going to be a disaster for Russia if they further invade Ukraine.”

Gabbard, meanwhile, has consistently been a thorn in establishment Democrats’ side. She’s engaged in political battles with hawks in her own party, which inevitably resulted in smears that she too is somehow “compromised” by Russia or a “Putin asset” etc.. (the same thing they said about Trump).

She’s been consistent in calling out both sides of the aisle on regime change wars and military adventurism abroad…

Gabbard also years ago, in 2017, came under fire for going to Damascus to meet with Syria’s Bashar al-Assad. She explained she wanted to understand what was really happening in the country first hand, and condemned the US covert war to overthrow the Syrian state, which involved the CIA and Pentagon funding and weaponizing jihadists, including al-Qaeda.

end

IRAN/CHINA/RUSSIA

This is not good: Iran joins Russia and China in joint naval drills

(zerohedge)

Iran, Russia, China To Hold Joint Naval Drills After Key Putin-Raisi Summit

THURSDAY, JAN 20, 2022 – 10:50 PM

Russia and Iran have unveiled plans to hold maritime joint naval exercises with China on Friday. The somewhat rare naval drills will take place in the northern Indian Ocean, and is part of a pattern of clearly deepening cooperation between the unlikely allies at a moment each is facing intense pressure from Washington, including US sanctions.

It’s the third time such drills have taken place between the three powers, with the last taking place Feb.2021. Iran’s semi-official ISNA news agency cited a military commander who said the drills are to “strengthen security and its foundations in the region.” Further Iran as called it part of ongoing “anti–piracy operations” and toward ensuring “safe navigation”.

Dubbed the 2022 Marine Security Belt, it comes after Iranian President Ebrahim Raisi met Vladimir Putin in Moscow to discuss deepened security, economic, and strategic cooperation.Russian naval drills, file image, TASS

Commenting on Wednesday’s meeting, regional sources emphasized Raisi’s statements as focused on expelling American influence and interference from the Mideast region:

Raisi, at the beginning of the meeting, made it clear that there will be no limits to “expanding and developing relations with friendly Russia,” noting that “relations with Russia will develop into strategic ones.”
He said, “In light of the policy of the United States and the West, our relations must be stronger,” adding, “We have been confronting the United States with Russia for 40 years.”
The Iranian president hopes that Iran’s efforts to lift the sanctions off Iran will succeed.
“We have presented to our Russian friends a draft of our vision on the strategic agreement between both countries,” he said, explaining that Iran has documents on strategic cooperation that can determine the horizon of this cooperation over a 20-year period.”

The deepening ties are sure to rile hawks in Washington – given also in recent years a number of ship seizures in the vital Strait of Hormuz have been cause of soaring tensions in the key oil shipping lane. Russia and China have also stood by Tehran as it negotiations the dropping of US sanctions as part of ongoing JCPOA talks in Vienna.

Few details of what’s expected in the drills have been given, with US publications describing, “The Iranian military spokesman said both navies from Iran’s armed forces and Islamic Revolutionary Guards Corps (IRGC) will take part in the upcoming drills with Russia and China.”

The report further said “The maneuvers are to include tactical exercises such as rescuing a burning vessel, releasing a hijacked vessel, and shooting at air targets at night.”

end

ISRAEL/UAE

end

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

Jessica Rose Phd calls out censorship after a journal pulls her statistical analysis of vacine adverse events

(Svab/EpochTimes)

“Bizarro World”: Researcher Calls Out Censorship After Journal Pulls COVID-19 Vaccine Adverse Events Analysis

THURSDAY, JAN 20, 2022 – 09:10 PM

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

Jessica Rose didn’t ask for any of this. She started to analyze data on adverse reactions after COVID-19 vaccines simply as an exercise to master a new piece of software. But she couldn’t ignore what she saw and decided to publish the results of her analysis. The next thing she knew, she was in a “bizzarro world,” she told The Epoch Times.An investigational pharmacy technician holds a dose of the Johnson & Johnson COVID-19 vaccine before it is administered in a clinical trial in Aurora, Colorado, on Dec. 15, 2020. (Michael Ciaglo/Getty Images)

A paper she co-authored based on her analysis was withdrawn by the academic journal Elsevier under circumstances that raised eyebrows among her colleagues. The journal declined to comment on the matter.

Rose received her PhD in computational biology from the Bar-Ilan University in Israel. After finishing her post-doctoral studies on molecular dynamics of certain proteins, she was looking for a new challenge. Switching to a new statistical computing software, she was looking for an interesting data set to sharpen her skills on. She picked the Vaccine Adverse Event Reporting System (VAERS), a database of reports of health problems that have occurred after a vaccination and may or may not have been caused by it.A nurse administers a Covid-19 vaccine to a health and care staff member at the NHS Louisa Jordan Hospital in Glasgow, Scotland, on Jan. 23, 2021. (Jane Barlow/PA)

She said she wasn’t looking for anything in particular in the data.

“I don’t go in with questions,” she said.

What she found, however, was disturbing to her.

VAERS has been in place since 1990 to provide an early warning signal that there might be a problem with a vaccine. Anybody can submit the reports, which are then checked for duplicates. They are largely filed by health care personnel, based on previous research. Usually, there would be around 40,000 reports a year, including several hundred deaths.

But with the introduction of the COVID-19 vaccines, VAERS reports went through the roof. By Jan. 7, there were over a million reports, including more than 21,000 deaths. Other notable issues include over 11,000 heart attacks, nearly 13,000 cases of Bell’s palsy, and over 25,000 cases of myocarditis or pericarditis.

Rose found the data alarming, only to realize authorities and even some experts were generally dismissing it.

“Clearly, there’s no concern [among these authorities and experts] for people who are suffering adverse events,” she said.

The usual arguments against the VAERS data have been that it’s unverified and unreliable.

Rose, however, sees such arguments as irrelevant—VAERS was never meant to provide definitive answers, it’s meant to give early warning and, as she sees it, it’s doing just that.

“It’s emitting so many safety signals and they’re being ignored,” she said.A screenshot of the homepage of the Vaccine Adverse Event Reporting System (VAERS), which is co-sponsored by the CDC, FDA, and HHS. (Screenshot/The Epoch Times)

She teamed up with Peter McCullough, an internist, cardiologist, and epidemiologist, to write a paper on VAERS reports of myocarditis in youth—an issue already acknowledged as a side effect of the vaccination, though usually described as rare.

As of July 9, they found 559 VAERS reports of myocarditis, 97 among children ages 12–15. Some of them may have been related to COVID itself, which can also cause heart problems, but there were too many cases to dismiss the likelihood the vaccines were involved, according to the authors.

“Within 8 weeks of the public offering of COVID-19 products to the 12–15-year-old age group, we found 19 times the expected number of myocarditis cases in the vaccination volunteers over background myocarditis rates for this age group,” the paper said.

After two weeks, on Oct. 15, the paper disappeared from the Elsevier website, replaced by a notice of “Temporary Removal.” Not only weren’t the authors told why, they weren’t informed at all, according to Rose.

“It’s unprecedented in the eyes of all of my colleagues,” she said.

When they brought up the issue with the journal, they were first told the paper was pulled because it wasn’t “invited,” Rose said. That was shot down as irrelevant by McCullough, who threatened to sue for breach of contract. The journal then turned to its terms of use, saying it has the right to refuse any paper for any reason.

It’s still not clear why the paper was pulled.

“I do apologise, but Elsevier cannot comment on this enquiry,” said Jonathan Davis, the journal’s communications officer, in an email to The Epoch Times.

In late November, the paper was replaced by a notice that the “article has been withdrawn at the request of the author(s) and/or editor.”

“It just feels like weird censorship that isn’t really justified,” Rose said.

The paper’s conclusions are not necessarily controversial. A recent Danish study concluded, for example, an elevated risk of myocarditis for young people following the Moderna COVID vaccine.

It’s common, however, even for papers that examine potential issues with the vaccines to frame their results in a way that still endorses vaccination.

“That’s what you have to say to get your work published these days,” Rose said.

Her paper did no such thing.

“As part of any risk/benefit analysis which must be completed in the context of experimental products, the points herein must be considered before a decision can be made pertaining to agreeing to 2-dose injections of these experimental COVID-19 products, especially into children and by no means, should parental consent be waived under any circumstances to avoid children volunteering for injections with products that do not have proven safety or efficacy,” the paper said.

The paper also called the vaccines “injectable biological products”—a reference to the fact that they are distinct from all other traditional vaccines.

A traditional vaccine uses “whole live or attenuated pathogens” while the COVID vaccines use “mRNA in lipid nanoparticles,” Rose explained via email. She said the lipid nanoparticles include “cationic lipids which are highly toxic.” Pfizer, the manufacturer of the most popular COVID-19 vaccine in many countries, addressed the issue by saying the dose is sufficiently low to ensure “an acceptable safety margin,” according to the European drug authority, the Committee for Medicinal Products for Human Use (pdf).

Rose also noted that the COVID-19 vaccines haven’t gone “through the 10-15 years of safety testing that vaccines have always had to go through … for obvious reasons.”

By this point, Rose is no longer a dispassionate observer. Reading through countless VAERS reports gave her a window into the hardships of those who believe they’ve been harmed by the vaccines.

“I speak for all of those people,” she said.An internal medicine resident sits in a waiting area before receiving a dose of the Pfizer-BioNTech COVID-19 vaccine at a hospital in Aurora, Colorado, on Dec. 16, 2020. (Michael Ciaglo/Getty Images)

In the past, 50 reports of deaths in VAERS would prompt authorities to hit the brakes and investigate, Rose said. In her view, that should have happened with the COVID-19 vaccines a year ago.

Not only has that not happened, but it isn’t even clear what would be enough to convince the authorities to do so.

“What’s the cut-off number for the number of deaths?” Rose asked.

The counterargument is that the vaccines save more lives than they cost. But in Rose’s view, this logic is flawed since the vaccines haven’t been around long enough and studied thoroughly enough to tell how many lives they may cost.

It is known, however, that VAERS understates adverse events following vaccination—by a factor of anywhere between 5 and as much as 100, based on some estimates.

Submitting a VAERS report takes about 30 minutes and many medical practitioners simply don’t have the time, Rose said. Some may feel that filing the report may get them labeled as “anti-vaxxers.” Some may simply not associate whatever health issue they’re facing with the vaccination. Some may not even be aware VAERS exists.

It’s unlikely that any significant number of the reports would be fraudulent, she suggested, noting it’s a federal offense to submit a false report.

Rose has now joined the ranks of dissident doctors and researchers skeptical of the official line on the vaccines and the pandemic in general. She described it as something she’s compelled to do despite the disincentives involved.

“We don’t want to be doing this. But it is our duty. Doctors swore an oath to do no harm. And researchers with integrity cannot look away from this,” she said via email.

end

CZECH REPUBLIC/VACCINE MANDATE

Now another nation abolishes its VOVID 19 vaccine mandates

(Van Brugen/EpochTimes)

Czech Republic Abolishes Plan To Mandate COVID-19 Vaccines

FRIDAY, JAN 21, 2022 – 05:00 AM

Authored by Isabel van Brugen via The Epoch Times (emphasis ours),

The new Czech government on Wednesday threw out the previous administration’s plan to mandate COVID-19 vaccines for over-60s and people in key professions.

Under the former government, older adults, health care workers, firefighters, police officers and medical students would have been required to be vaccinated against COVID-19, effective March.

But Prime Minister Petr Fiala scrapped his predecessor Andrej Babis’s decree, which was issued in early December. He told reporters Wednesday that his new center-right government did not see the need for mandatory vaccination.

“We’ve agreed that vaccination against COVID-19 won’t be mandatory,” Fiala said. ”This does not change our stance on vaccination. It is still undoubtedly the best way to fight COVID-19 … however, we do not want to deepen fissures in society.”

Opponents of a vaccine mandate had staged several protests in Prague and elsewhere in the country.

So far, 62.9 percent of Czechs are considered fully vaccinated, below the European Union average, according to the European Center for Disease Prevention and Control. Almost 3.4 million people in the nation of 10.5 million also have received a booster shot.

Fiala said about 90 percent of people who would have been covered by the mandate have already received vaccines.

The new government’s decision came as the Czech Republic is facing a surge in COVID-19 infections largely fueled by the highly contagious Omicron variant of the novel coronavirus.

The seven-day infection rate was 950 new cases per 100,000 residents on Tuesday compared to 799 a day earlier.

Despite the record numbers, the number of COVID-19 patients in hospitals dropped to 1,635 on Tuesday with 252 needing intensive care.

Researchers and health experts are hopeful that the Omicron variant, while highly transmissible, is less severe, and poses milder symptoms in infected people, compared with other strains such as the Delta variant.

Elsewhere, in Austria residents are set to be fined if they flout a COVID-19 vaccine mandate the country is aiming to introduce in February for all residents aged 14 and over.

Last month, Austria’s health minister announced that those who flout the vaccine mandate will face fines of up to 3,600 euros (around $4,000).

And in Greece, a vaccination mandate has been imposed on all over-60s. Those who refuse to be vaccinated will be fined by the government, health minister Thanos Plevris said. Fines start this month at 50 euros ($57), followed by a monthly fine of 100 euros ($114).

Plevris said the penalties would be collected through the tax office and used to fund state hospitals.

The Associated Press contributed to this report.

end

Watch this one!!

Sarnia Restaurant

Inbox

end

What does it take?

Inbox

Soumya Swaminathan, the chief scientist at the World Health Organization (WHO), declared that COVID booster shots are not appropriate for healthy children. “The aim is to protect the most vulnerable, to protect those at highest risk of severe disease and dying,” she declared, noting that the booster vaccines should only be used to treat the elderly, immunocompromised, and health care workers treating COVID positive patients. She is brave in this world of disinformation to speak the truth. While lawsuits against her boss for crimes against humanity are in works in Europe.

“There’s no evidence right now that healthy children or healthy adolescents need boosters,” Swaminathan stated. “No evidence at all.” Her message comes on the tail of the CDC approving booster shots for children aged 12 to 17. Pfizer would like to inject children with another useless vaccine “at least” five months after receiving the first two doses. Again, there is absolutely no evidence that this is necessary. So could it be that this all about money without a care for children and the side effects?

The scientist took to Twitter to state that the goal should not be to develop a new vaccine for each new strain of the virus. “Rather than pursuing a strategy of creating a new vaccine for each new variant, we must invest in R&D [research and development] for protective vaccines against all betacoronoviruses – academics working on broadly neutralizing antibodies can work wt [with] vaccine developers to identify consensus sequences.”

It seems that listening to scientists like Swaminathan over the likes of politicians and Chiefs of pharmaceutical companies is more reasonable and rational.

end

GLOBAL NEWS

VACCINE IMPACT

end

Was Tennis Star Novak Djokovic’s Media Coverage in Australia All a Show to Promote his New Biotech Pharmaceutical Company?

January 20, 2022 3:34 pm

I have never really been a fan of tennis, but like many in the Alternative Media, I watched the saga unfold in Australia recently with the world’s number 1 professional tennis star, Serbian Novak Djokovic, who ended up not being able to defend his title in the Australian Open, allegedly due to his stance against the mandates for the COVID-19 shots. Due to his position against mandated COVID-19 shots, and the alleged trouble he was having in Australia, his name was in my news feed non-stop for many days, with the result that he gained international fame not only among tennis fans who already knew him due to his superstar status as a tennis player, but also among the “anti-vaxxers” crowd where he instantaneously achieved “superstar” status as well, even if people had never heard of him before because they don’t follow tennis. I have to admit that I was considering publishing a story about his saga myself here on the Health Impact News network, but as the story unfolded it got stranger, and the longer it dragged on, the more the Alternative Media continued publishing stories about him, portraying him as a victim of “the mandates.” So as his press coverage increased, I decided to take a pass on his story, since it was already getting so much coverage in the Alternative Media, and something just didn’t seem right to me about the whole thing. It just seemed that whatever the real issue was, it could have been dealt with one way or another very quickly, even before he arrived, or stopped him from going there altogether. Then yesterday, January 19, 2022, ZeroHedge News published a report on Novak Djokovic revealing that he “owns 80% stake in a Biotech firm working on COVID cure,” based on a Reuter’s story. Djokovic earns more income outside of tennis than he does as a professional tennis player, so it would make sense that he could have potentially given up his chance at defending his title at the Australian Open to be able to cash in on a larger financial windfall down the road for his drug company, by capitalizing on his stance against the mandates for COVID-19 shots.Read More…

Do the Globalists’ Plans for the Next Stage of Population Reduction Include Deploying Nuclear Weapons?

January 20, 2022 4:07 pm

An article written by William J. Astore, a retired lieutenant colonel (USAF) and professor of history, has been published in several places titled “Only Fools Replay Doomsday.” I don’t necessarily agree with everything Astore writes, but his perspective is very enlightening, coming from a military insider perspective, and one that all of us need to understand, as we have been so preoccupied by the COVID scam that other major issues can often go unnoticed. But the threat of nuclear war is not something that should go “unnoticed.” Wars belong to the realm of the Globalists, the Wall Street Billionaires and bankers, who think nothing of capitalizing on the financial windfalls that wars produce, with total disregard for loss of human life.Read More

Michael Every and Bill Blain on the major topics of the day

Bill Blain…

The World & Monetary Policy Has Split

FRIDAY, JAN 21, 2022 – 06:30 AM

Authored by Bill Blain via MorningPorridge.com,

“It’s too early to say..”

As the West reopens, China’s lockdowns remain draconian. It has eased rates on the back of growth concerns. The result is growing monetary divergence, and China looks set to go down the same monetary experimentation route the West is now trying to reverse.

The World and Monetary Policy has split.

As Occidental markets undergo a “fundamental” reassessment out of speculative hopes into value propositions, (thus the 10% “correction” in Nasdaq from its Nov High, versus a mild stumble in the Dow), and markets slide on the back of expectations of central bank tightening to come in the near future, the Chinese eased Mortgage rates significantly this morning, sending Oriental stocks spinning higher.

Is it time to dive back into China as it embarks on the kind of long-term monetary experimentation that has juiced Western markets for the last 12 years? Maybe not.

There are a number of reasons to wonder if the Chinese will experience a very different outcome from the distortions of artificially low rates.

The first is the economics of pandemic.

The world remains riven by the pandemic – but divergence rather than coordinated economic recovery may be the end result.

The UK is preparing to end all virus restrictions. Spain has kept its doors open to tourists despite the Omicron wave. Governments across Europe are looking at case to peak this week. The USA? Never quite sure what was happening there.. although it seems it was either Dr Fauci’s fault or that he saved everyone. Across the West we are generally moving forwards, preparing to treat Covid as an endemic flu-like disease. The western economy is on the verge of coping and recovering from Covid. Growth will resume as we adjust to a new world mixing home and office working, while supply chains work themselves out… well, hopefully.

China is still closed.

The Chinese sound increasingly fearful rising rates in the West could “negatively spillover” to hit a global recovery – meaning an impact on China growth. That’s why they cut mortgage rates (the second rate cut this week), today.

Xi said it all this week at the virtual Zoom gabfest formerly known as Davos: If the west carelessly precipitates a recession from a mix of ending QE too soon, raising interest rates too quickly, or allows market failures to impact sentiment.. then China will likely pay that cost. It may be refocusing its economy away from exports towards domestic consumption, but it’s not happened yet. China’s growth still remains very dependent on the West.

Occident and Orient have adapted very differently to pandemic.

It’s a bad time to be a hamster in Hong Kong – over 2000 of the cute, cuddly little big-cheeked puffballs have been slaughtered on a whim they might be a Covid vector. Air Hostesses in HK have been pilloried for being super spreaders. The story a woman in Beijing who caught the Omicron variant opening a letter from Canada seems like a pretty clumpy way for the government to stop overseas mail and information reaching Chinese citizens, building up xenophobic fears and concerns about foreign places and peoples they disagree with as murderous virus reservoirs.

Apparently, Postal advice in China on receiving foreign mail is to don a full Hazmat 3 suit, fresh mask and gloves, disinfect the package, open outside in a well-ventilated outdoor space, dispose of packaging, and only bring the content into the house once it’s been disinfected again. Postal workers handling mail from Canada have been put in Quarantine. The Chinese don’t like Canada much.

Meanwhile, the news across China is confused. Another Chinese port was closed this week – Dalian, but others, like Ningbo have reopened. Although savage lockdowns are the order of the day wherever Covid is detected; there seem to be variations on the way different regions are treating it. Some are closing down all businesses, others are letting some stay open, but restricting lorry drivers to their cabs. Ports that have reopened are apparently empty because of a lack of lorry drivers to move freight to other parts of the country. Shanghai has week-long delays offloading ships.

China clearly has significant logistical and supply chain issues internally – and how quickly their economy reopens and is able to benefit from reopening in the West is critical. Do they simply lift restrictions in coming weeks, or is the government fearful the population doesn’t have the same built-up immunity from infections and vaccinations?

Xi’s talk at the World Economic Forum was fascinating, and it’s easy to pick out his concerns: “If major economies slam on the brakes or make major U-turns in monetary policy there will be Negative Spillovers… Protectionism and unilateralism can protect no one. They ultimately hurt the interests of others as well as one’s own… a Zero-sum approach enlarging one’s own gains at the expense of others will not help…. Way forward for humanity is peaceful development and win-win cooperation.”

The reality, whatever Xi said, is the Chinese want easy monetary conditions in the west to stimulate their recovery. Meanwhile, their shift towards domestic consumption and their pandemic response hints at increasing disengagement with the global economy – a repeating theme through Chinese history.

The Beijing Winter Olympics look likely to be “interesting” for foreign attendees.

The second big issue for China is the potential effects of Monetary Experimentation on the economy over the medium term.

2 interest rates moves in a week is a clear signal China is prepared to embark on monetary experimentation – although they will never call it that. Yet, the bursting Chinese property bubble and the default of successive developers from Evergrande down highlights it’s not necessarily more liquidity and cheap money that’s needed in the Chinese economy, (although it helps in the short-term), but more business common sense to avoid crises and bubbles from developing in the first place.

Easy money is the number one ingredient of financial bubbles.

The effects on the Chinese economy of lower rates and greater liquidity could mirror what we’ve seen in the west where monetary experimentation in the form of QE and ultra-low rates distorted markets and the efficient allocation of capital within the economy. Low interest rates fuelled speculative surges in tech, reduced investment in plant and jobs as even junk companies leveraged up to buy-back their own stock, and zombie-debt-raddled firms blocked markets to new entrants.

The experience of “communist” nations dealing with markets is patchy. The recent experience of Chinese entrepreneurs demonstrates its necessary to walk a balance between the economy, demand and the government, and being seen to not be a proud nail. The smart ones never forget success depends on keeping their “sponsors” up and down the political ladder happy.

One of key issues that is emerging from 12 years of monetary experimentation in the West is exploding wealth inequality. Inflated stock markets triggered enormous stock gains as owners became spectacularly rich as workers saw their earnings fall. If Chinese workers realise that soaring markets on the back of lower rates leaves the entrepreneurial and political classes more and more comfortable and wealthy.. and that’s likely to spawn significant issues for the CCP

end

Michael Every….

Rabobank: “It’s Friday And We Should All Be Freaking Out”

FRIDAY, JAN 21, 2022 – 09:58 AM

By Michael Every of Rabobank

It’s Friday: and we should all be freaking out.

If you only focus on the price-on-a-screen we call ‘markets’, freak about chatter of the Fed going 50bp in March or 25bp next week to try to “regain credibility”. How being far too passive for far too long, while talking about social justice and not how supply chains really work, and then far too active, while not talking about social justice nor how supply chains really work, is any kind of credibility-booster is a good question. Especially as the Fed would be acting just as fiscal stimulus died with the end of Build Back Better in whole or part with the latest ‘Nay, nay, and thrice nay’ of Senator Manchin. At this stage, as cynics have long noted, it will probably take a market crash to get the Fed’s attention away from its “credibility”.

If you fully or partly focus on “markets” then, like Bloomberg, solipsistically freak about stocks already slipping as people don’t focus on streaming TV services now lockdowns are ending. Shock! Horror! You thought they were watching streaming because of the content! Have you watched said content?! Or freak *right* out about German PPI for December leaping 5.0% m/m and 24.2% y/y, the highest reading since the series began in 1949(!) Even before we see geopolitical problems come home in the energy market.

If you are into Covid panic then zoonotically focus on “Risks of hamster-to-human Covid transmission” If you aren’t, then don’t; because even given science and Covid have the kind of relationship a lonely 13-year-old nerd does with a ‘girlfriend in Canada or France’, if hamsters have Covid, so do mice and rats. We don’t generally keep them as pets – just in the labs we weren’t allowed to mention because of the soulmate relationship between science and Covid. But if “Hamster Transmission Mechanism” (–Let’s rock!!–) then we need to remove *all* mammalian carriers. Call me when *all* the mice and rats are dead, because we are so good at achieving that. Meanwhile, Bloomberg adds “Bankers Turn Down High-Paying Hong Kong Jobs as Covid Rules Bite”; and an op-ed writer asks, “Where Were You When They Came for the Hamsters?”

If you are ‘focusing’ on China, if that is the right word for MSCI-mandated market people, Beijing has reiterated its intention to crack-down on the power of large firms and will zoom in on “corruption underpinning the disorderly expansion of capital and monopolies”; and on property Bloomberg’s Shuli Ren concludes, “So here’s the lesson to the rest of the pack: Don’t hesitate to sell. Your goal is to survive.” For the record, she’s talking about developers.

If you are focusing on the global picture, then freak out about Blinken and Lavrov meeting in Geneva after a Biden flub required repeated White House underlining it is *not* okay for Moscow to make a “minor incursion” into Ukraine. Likewise, President Macron says he wants a new, more autonomous EU security architecture in place in weeks (!), ironically echoing parts of what Russia says it is trying to achieve(!), even as he also promises to send troops to support Romania. And in the background, ominously:

The White House accuses Russia of conspiring to take over the Ukrainian government, imposing sanctions on four current and former Ukrainian government officials over this alleged conspiracy. It is also sanctioning Belarus officials over the aviation piracy last year that saw a journalist in-flight seized;
Russia’s parliament proposes officially recognising the breakaway Russian republics within Ukraine, and politicians argue war will be necessary if there is any resistance from Kyiv;
US politicians are considering evacuating all Americans from Ukraine, with Russian embassy and consulate staff having already left;
The Dutch government is willing to send arms to Ukraine if it requests them;
Russia is starting naval exercises with China and Iran, and has announced a massive 160-vessel exercise in February in the Atlantic, Pacific, Arctic, and Mediterranean;
The US is to hold carrier group exercises with France and Spain; and
China warned a US navy vessel in the South China Seas to leave and that “We demand the US cease such provocative activities immediately or face significant consequences from unseen events,” which appears a marked escalation in such rhetoric.

Meanwhile, the FT says the US is leaning on Estonia to change the name of the Taiwanese trade office located there to try to ease tensions, which is also being denied; and Slovenia’s PM is making inflammatory statements on the issue, so two EU members are now tweaking the dragon’s tail. How the US thinks further attempts at de-escalation will help in this environment is also a good question; and if we see a parallel between Taiwan and Ukraine emerge in the minds of EU members looking at Russia with fear, it will likely complicate the Franco-German push for closer EU-China economic relations ahead, to put it mildly.

In short, whatever floats (or sinks) your boat, there is something to freak out about. But try not to take the easy narcotic escape of only reading the boring parts of the blue pill financial press or echoing the usual corporate mantras. As Fat Freddy warns us, “Keed spills!…No, wait a minute,…pill skeeds! Um, um…skill peeds!” Which just about sums up what I think of a lot of what I read on any given day while this is all going on. Things move, and markets will move. Bigly. As the Freak Brothers always warn Fat Freddy – “Don’t get burned!”

Happy Fabulous Furry Freaking-Out Friday, brothers and sisters.

7. OIL ISSUES

USA
wintry weather sends USA propane demand to record highs(zerohedge)

Wintry Weather Sends US Propane Demand To Record High

FRIDAY, JAN 21, 2022 – 08:36 AM

With the coldest of the winter season still ahead for the US, demand for propane soared to a record high last week, according to the Energy Information Administration (EIA).

January has been a frigid month with multiple winter storms traversing the Midwest and Northeast, which boosted heating demand for residential and commercial building structures. Also, demand has increased for industrial purposes, such as the production of plastic.

Going back to 2004, EIA data showed demand has never been higher for propane.

Months ago, research firm IHS Markit Ltd warned US propane inventories were at a record low and would be extremely tight this winter. Tight supplies have sent propane prices higher since the beginning of the pandemic, up more than 400% to a seven-year high in late 2021 but have receded some — now attempting to make another run.

Average temperatures across the US (or the Lower US 48) will remain below a 30-year seasonal average through Feb. 2 and could increase further demand for propane.

Heating degree days have been above seasonal trends for January.

Soaring energy prices, plus food, shelter, and other costs, have been extremely painful for the wallets of millions of Americans. However, there is some good news on the energy front. Temperatures across the US are expected to rise after Feb. 2. Looking further ahead, the National Weather Service forecasts above-average seasonal mean temperatures for February, March, and April from the Southwest to the entire eastern third of the contiguous US.

end

Tanker, Bulker, LNG Rates Plunge, Container Rates Hold Near Top

FRIDAY, JAN 21, 2022 – 11:00 AM

By Greg Miller of FreightWaves

It’s a tale of two shipping markets. Spot rates remain near historic highs for container shipping; the boom shows no sign of ending. But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas (LNG) carriers — spot rates have now sunk below five-year averages.

Crude tankers

“A bleak outcome,” said brokerage BRS of the recent rates for very large crude carriers (VLCCs; tankers that carry 2 million barrels). “A terrible start of the year,” it said of rates for Suezmaxes (tankers that carry 1 million barrels).

According to Clarksons Platou Securities, average global spot rates for 10-year-old VLCCs fell to just $800 per day on Wednesday. That’s down 90% month on month and down 70% on average year to date versus the same period in 2021, to just a sliver of the breakeven rate of $26,000 per day. (The assessment for the Middle East-China route has just fallen back below zero, to -$400 per day, implying that freight is not covering the cost of fuel.)

“The end of the holiday season didn’t help push [VLCC] rates up,” said brokerage Banchero Costa.

Clarksons put 10-year-old Suezmax rates at $4,200 per day, down 69% month on month, versus a breakeven of $19,000 per day.

Crude tanker owners have been bleeding cash for over a year, and the market will have to absorb more new tonnage in 2022 than in 2021. There are 44 VLCCs and 39 Suezmaxes scheduled for delivery this year, versus 35 VLCCs and 23 Suezmaxes in 2021, according to Clarksons.

Product tankers

Crude tanker rates were so bad last year that a record number of newbuild VLCCs carried clean product cargoes during initial voyages after leaving Asian yards, cannibalizing volumes normally carried by larger product tankers. That practice looks set to continue. “Unfortunately, market information suggests that [VLCC] owners are still eyeing lifting clean cargoes on their newbuilds [into] early Q2 2022,” reported BRS.

As with crude tankers, it’s been a terrible start out the gate for product tankers in 2022.

Clarksons put spot rates for 10-year-old LR2s (larger product carriers with capacity of 80,000-119,999 deadweight tons or DWT) at $5,200 per day on Wednesday, 71% lower month on month and 38% lower on average year to date versus the same period in 2021, to less than a third of their $18,000-per-day breakeven rate.

Rates for smaller 10-year-old MRs (25,000-54,999 DWT) averaged $7,900 per day, down 49% month on month and 22% below their $11,000 breakeven rate.

“The second week of the year followed the same pattern as the first. All of the clean [product] routes are having difficulties,” said Banchero Costa.

Dry bulk

According to Stifel analyst Ben Nolan, “Dry bulk rates have been in freefall in recent weeks, primarily led by the large Capesize [180,000 DWT] vessels, but the weakness has been felt across the board.”

Clarksons estimated Wednesday’s Capesize spot rate at just $10,200 per day, down 55% month on month and far below the recent peak of $87,000 per day in early September (breakeven for a 10-year-old Capesize is estimated by Clarksons at $17,000 per day). Capesize rates year to date are 20% below their average during the same period last year.

It has been a “brutal start of the year” for Capesizes, said Fearnleys Research.

Spot rates for Panamaxes (bulkers with capacity of 65,000-90,000 DWT) averaged $20,000 per day on Wednesday, 9% lower month on month, while rates for Supramaxes (45,000-60,000 DWT) averaged $20,200 per day, 26% lower month on month.

Month-on-month declines are to be expected now, given dry bulk seasonality, and on a positive note, rates in both of these segments are still sharply higher year to date on average versus the same period in 2021: Panamaxes by 73%, Supramaxes by 94%.

LNG shipping

Spot LNG shipping rates have fallen more steeply in terms of dollars per day than any other bulk commodity shipping segment.

Spot rates of tri-fuel diesel engine (TFDE) LNG carriers shot up to an average of $205,000 per day in late November and early December, according to Clarksons. There were reports of deals as high as $424,000 per day at the peak.

As of Wednesday, Clarksons estimated that TFDE carrier spot rates averaged just $22,000 per day, down 61% week on week and 81% month on month, to around one-ninth of the early December high. The average rate year to date is 76% lower than the same period in 2021.

Unlike dry bulk and tanker markets, however, LNG shipping is primarily a term-charter as opposed to a spot-voyage market, so spot rates are less telling. According to Clarksons Platou Securities analyst Frode Mørkedal, “The spot activity has been remarkably low, with only one voyage charter being done in the first two weeks of 2022. On the other hand, activity in the multi-month market has been healthy.

“The spot market may be under pressure at the moment, but charters continue to seek longer-term charter cover given the market backdrop,” he said.

Container shipping

Rates for crude tankers, product tankers, dry bulk carriers and LNG carriers have all gone the same way in the first few weeks of 2022: down.

Not so for container shipping.

Tanker rates are being weighed by COVID effects on mobility and aviation, and artificially constrained production by OPEC+ members. Dry bulk is being swayed by the Chinese economy (which is faltering) and state policies; seasonal weather conditions in Brazil, Australia and Asia that reduce rates at this time of year; and a coal export ban in Indonesia. LNG shipping rates are being driven by winter weather conditions, the spread in LNG commodity pricing between Europe and Asia, and the shift away from spot deals to long-term charters.

Container shipping rates are being heavily driven by persistently high U.S. consumer demand, which has overwhelmed transport supply, creating an extreme congestion situation that appears much “stickier” for rates than current drivers in other shipping segments.

The weekly Shanghai Containerized Freight Index is now just short of its all-time high. The weekly Drewry World Container Index (WCI) is at $9,545 per forty-foot equivalent unit, up 12% from early December and up 82% year on year. The WCI is 3.3 times higher year to date than the five-year average for that period.

There were a record high 106 container ships waiting to berth in Los Angeles/Long Beach on Friday, with 99 on Tuesday. On Friday, Maersk pre-announced Q4 2021 results that yet again topped its forecasts: earnings before interest, taxes, depreciation and amortization of $8 billion, bringing its full-year EBITDA to a record-trouncing $24 billion.

On Tuesday, a day when the broader stock market was deep in the red, shares of liner operator Zim hit a new 52-week high, while shares of container-ship lessor Danaos jumped 8% on news of $870 million in fresh charter revenues.

Deutsche Bank analyst Amit Mehrotra pointed to persistent container-shipping rate tailwinds in a research note on Tuesday. He noted that the retail sales-to-inventory ratio is now three standard deviations below its 10-year historical average and that this ratio is inversely correlated with container rates, “which makes sense as lower ratios imply strong consumer demand and the need for inventory restocking.”

“If we assume a reversion to pre-pandemic sales-to-inventory and use current demand, retailers would need $821 billion in inventory. Taking the fastest inventory has grown — which was November 2021, up $12 billion — it would take retailers 17 months to restock.

“While we acknowledge restocking could be faster … as supply chains work themselves out, the resurgence of COVID, in our view, tempers the notion that the unwinding of the supply chain congestion will be … easy.

“We note that the LA/LB ports have three times the number of ships waiting as they did at the same point last year. In our view, it appears likely that the need for inventory restocking will be a persistent issue in 2022, with the likelihood of continuing into 2023.”

8 EMERGING MARKET& AUSTRALIA ISSUES

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

AUSTRALIA

END

* * *

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

Euro/USA 1.1349 UP .0036 /EUROPE BOURSES //ALL GREEN

USA/ YEN 113.77 DOWN 0.213 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3571 DOWN 0.0026

Last night Shanghai COMPOSITE CLOSED DOWN 32,47 OR 0.41%

//Hang Sang CLOSED UP 13.20 PTS OR 0.05%

/AUSTRALIA CLOSED DOWN 2.33% // EUROPEAN BOURSES OPENED ALL RED

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL RED

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 13.20 OR 0.05%

/SHANGHAI CLOSED DOWN 32.47 PTS OR 0.81%

Australia BOURSE CLOSED DOWN 2.33%

(Nikkei (Japan) CLOSED DOWN 250.67 PTS OR 0.90%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 1837.80

silver:$24.44-

USA dollar index early FRIDAY morning: 95.58 DOWN 13 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: 0.56% DOWN 3 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.137% UP 0 AND 7/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

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

ITALIAN 10 YR BOND YIELD 1.30 DOWN 0 points in basis points yield from yesterday./

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

GERMAN 10 YR BOND YIELD: FALLS TO -0.062% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.36% 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 1.1342 UP .0030 or 30 basis points

USA/Japan: 113.702 DOWN 0.290 OR YEN UP 29 basis points/

Great Britain/USA 1.3559 DOWN 41 BASIS POINTS

Canadian dollar DOWN 41 pts to 1.2542

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The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3390

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3411

TURKISH LIRA: 13.45 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.137

Your closing 10 yr US bond yield DOWN 5 IN basis points from WEDNESDAY at 1.764% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.084 DOWN 4 in basis points

Your closing USA dollar index, 95.60 DOWN 14 CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 90.88 PTS OR 1.20%

German Dax : CLOSED DOWN 125.57 points or 1.75%

Paris CAC CLOSED DOWN 125.87 PTS OR 1.75%

Spain IBEX CLOSED DOWN 119,70PTS OR 1.36%

Italian MIB: CLOSED DOWN 508.60 PTS OR 1.84%

WTI Oil price 85.12 12: EST

Brent Oil: 87.69 12:00 EST

USA /RUSSIAN / RUBLE FALLS: 77.30 THE CROSS HIGHER BY 113 RUBLES/DOLLAR (RUBLE LOWER BY 113 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.062

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1342 UP .0028 OR 28 BASIS POINTS

British Pound: 1.3554 DOWN .0043 or 43 basis pts

USA dollar vs Japanese Yen: 113.68 DOWN .300

USA dollar vs Canadian dollar: 1.2577 UP .0077 (cdn dollar DOWN 77 basis pts)

West Texas intermediate oil: 84.58

Brent: 87.34

USA 10 yr bond yield: 1.754 DOWN 6 points

USA 30 yr bond yield: 2.064 DOWN 6 pts.

USA dollar vs Turkish lira: 13,45

usa dollar vs Russian rouble: 77,41 UP 123 basis pts.

DOW JONES INDUSTRIAL AVERAGE: DOWN 313.26 PTS OR 0.89%

NASDAQ 100 DOWN 201.39 OR 1.34%

VOLATILITY INDEX: 25.59 UP 1.74 PTS up 7%

GLD/NYSE CLOSING PRICE $171.69 DOWN $0.43 OR 0.25%

SLV/NYSE CLOSING PRICE: $22.62//UP $.25 OR 1.12%

USA TRADING TODAY IN GRAPH FORM

Markets Scream ‘Panic’ To Powell As 2022’s Tech-Wreck Is Worst In Over 30 Years

FRIDAY, JAN 21, 2022 – 04:00 PM

The market is sending The Fed some very clear signals as it prices in an aggressive rate-hiking trajectory this year (just as the economic data starts to gravely disappoint) warning that it is ‘panicking’ and deserves ‘more’…

Panic Signals include….

1) Indices puking hard

This the 3rd straight weekly loss for the S&P (its longest weekly losing streak since Sept 2020) with every bounce hit hard. Nasdaq and Small Caps were the hardest hit this week with The Dow the best of a bad bunch. This was the worst week for Nasdaq Since March 2020, Russell 2000’s worst week since June 2020, and S&P and Dow’s worst since Oct 2020…

Nasdaq is now suffering its worst start to a year in at least 30 years (it is very slightly worse than 2008)

The Nasdaq Composite is down 14% from its highs, but the Russell 2000 is worst, down over 18% from its highs (S&P -8.1% from its highs and Dow -6.75%)

2) Headline stock names have been clubbed like a baby seal (PTON, NFLX, ZM, etc…)…

…Retail Favorite stocks have been routed…

…and Bubble markets (unprofitable tech, SPACs, Crypto…) all monkeyhammered…

All of which looks like this…

3) VIX term structure inverted.

While typically projected as a ‘bottom’ indicator, this inversion seems particularly focused into The Fed meeting next week…

4) HY Bond prices at 14 month lows.

Credit leads, equities follow…

5) Fed rate expectations pricing in 4 hikes by Dec 2022.

…and given that 2Y yields dropped back below 1.00% today, the market is exclaiming to The Fed that a reversal in their policy is imminent…

6) The market is implying The Fed will fold by the end of 2025…

Not a good sign for Powell and his pals when the market is screaming at them not to even start because they’ll be forced to lose all credibility with a year or two…

7) Yield Curve inverting hard (policy error warning).

The yield curve is the flattest since April 2020, screaming out to The Fed that they won’t be hiking rates like they think for long…

8) Fed Repo facility usage hits YTD high.

Yes, there is $1.7 trillion in excess liquidity being thrown into this facility and not being leveraged to buy any dips…

Source: Bloomberg

9) Put-Call ratios are surging.

We suspect a lot of this is hedging into The Fed (but also note that today’s OpEx would have wiped out some of the P/C strength)…

10) ‘Panic’ is accelerating (but has more to go yet before it reaches the scariest levels)…

Source: Bloomberg

TICK was really ugly the last two days with the biggest ‘sell programs’ since Sept 2021…

Source: Bloomberg

All signals that the market knows The Fed looks at for signs of stress as they put pressure on Powell to fold and strike his Put…

“Into the open today, we were looking for indications of panic readings for a more tradeable bottom ahead,” said Alon Rosin, Oppenheimer & Co.’s head of institutional equity derivatives.
“Between the TICK/TRIN readings during the morning flush and VIX inversions, it is possible that fear, panic has finally arrived.”

The problem – of course – is, as we noted earlier, the hope that this is a resumption of the Q4 2018 playbook – i.e. Fed tries to tighten, market pukes and forces Powell to fold) – is missing the fact that this time, with just so much more extensive speculative & valuation excess as a starting point the problem is the inflation issue – now a political imperative too – means the “Fed Put” is now struck much lower below spot…

…meaning no “dovish pivot” relief unless things get much, much worse from the markets-side.

Some more thoughts…

A violent intraday reversal like the Nasdaq’s yesterday is rare and most often happens during a crisis. This was the 21st time since 1972 that the benchmark rose more than 2% during the session only to decline 1% or more at the close.

The majority of those episodes occurred during the bursting of the Internet bubble and during the 2008 financial crisis. Before yesterday, the most recent example was in early days of the Covid pandemic in March 2020.

It takes time for volatility to wane. On average the index fell the following day and traded sideways in the next five days.

The S&P 500 closed below its 200DMA. As Jim Bianco notes, this ends a 409 trading day streak above it – the longest streak in 8 years…

In fact, all the US majors closed below their 200DMAs…

FAAMG-T stocks puked this week – the worst week since March 2020 (AMZN is in a bear market)…

Source: Bloomberg

Bank stocks had an ugly week with GS and JPM now significantly lower YTD…

Source: Bloomberg

Value stocks continued to outperform (this is the 4th straight week of outperformance and Value just broke above the downtrend relative to Growth…

Source: Bloomberg

Treasury yields ended lower on the week (apart from 2Y) with 30Y outperforming…

Source: Bloomberg

2Y Yields dropped back below 1.00%…

Source: Bloomberg

The dollar ended the week higher – its best week in the last 5 – finding resistance at the YTD unchanged line once again…

Source: Bloomberg

Cryptos cratered this week, with Ethereum underperforming (-17%, the worst week for ETH since Jun 2021) and Bitcoin the least bad horse in the glue factory (-11%)…

Source: Bloomberg

Pushing Bitcoin’s RSI into deeply oversold territory that marked a local low last time…

Source: Bloomberg

Oil rallied for the 5th straight week with WTI topping $87 (highest since 2014)…

Gold rallied for the 5th week in the last 6, holding above $1800…

Finally, if you think you had a bad week, take a look at Biden’s approval rating (now barely better than Trump’s was)…

Source: Bloomberg

But worse still, Trump has overtaken Biden as the most ‘favored’ politician in America…

Source: Bloomberg

US Macro data disappointed this week again and has dropped back into negative territory…

Source: Bloomberg

And Stagflation is imminent…

Source: Bloomberg

We suspect more than just Ed Norton need a hug after this week…https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1484565059380527105&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fmarket-screams-panic-powell-tech-wrecks-worst-over-30-years&sessionId=71c6483f75fb500ff8715eb3eec90aca5f5e3df2&siteScreenName=zerohedge&theme=light&widgetsVersion=75b3351%3A1642573356397&width=550px

RIP Meatloaf.

END

I)MORNING TRADING/AFTERNOON TRADING

S&P Tumbles Below Key Technical Support, Bonds Bid

FRIDAY, JAN 21, 2022 – 10:32 AM

As this morning’s chaotic open uncoils into another leg lower, Nasdaq is now suffering its worst start to a year in at least 30 years (it is very slightly worse than 2008), and the S&P’s longest weekly losing streak since Sept 2020.

Crucially, the S&P 500 just broke below its 200DMA…

If the PPT is gonna step in, now’s the time!

Which now means all the US majors are below their 200DMAs…

As Jim Bianco notes, if the S&P closes below the 200DMA, this ends a 409 trading day streak above it – the longest streak in 8 years.

And as stocks are getting hammered, bonds are bid with the long-end yield tumbling to 3 week lows…

But, but, but, we were told tech was getting trashed because yields were rising?

II)USA DATA

end

III)A USA COVID UPDATES.

New emails now expose Fauci’s role in shaping a highly influential paper that established falsly the “natural origin” narrative

a great read…

(Mahncke//Carlson//EpochTimes)

New Emails Expose Fauci’s Role In Shaping Highly Influential Paper That Established COVID “Natural Origin” Narrative

THURSDAY, JAN 20, 2022 – 07:50 PM

Authored by Jeff Carlson and Hans Mahncke via The Epoch Times,

New evidence has emerged that suggests that Dr. Anthony Fauci not only initiated efforts to cover up evidence pointing to a lab origin of SARS-CoV-2 but actively shaped a highly influential academic paper that excluded the possibility of a lab leak.

Fauci’s involvement with the paper wasn’t acknowledged by the authors, as it should have been under prevailing academic standards. Neither was it acknowledged by Fauci himself, who denied having communicated with the authors when asked directly while testifying before Congress last week.

The article, Proximal Origin, was co-authored by five virologists, four of whom participated in a Feb. 1, 2020, teleconference that was hastily convened by Fauci, who serves as director of the National Institute of Allergy and Infectious Diseases (NIAID), and Jeremy Farrar, who heads the UK-based Wellcome Trust, after public reporting of a potential link between the Wuhan Institute of Virology in China and the COVID-19 outbreak.

The initial draft of Proximal Origin was completed on the same day the teleconference, which wasn’t made public, took place. Notably, at least three authors of the paper were privately telling Fauci’s teleconference group both during the call and in subsequent emails that they were 60 to 80 percent sure that COVID-19 had come out of a lab.

Until now, it wasn’t known what role, if any, Fauci played in shaping the contents of the article, which formed the primary basis for government officials and media organizations to claim the “natural origin” theory for the virus. While the contents of emails previously released under the Freedom of Information Act (FOIA) show the Proximal Origin paper clearly conflicts with the authors’ private views on the virus’ origin, it was unclear if the authors had preemptively reshaped their views to please Fauci or if Fauci himself had an active role in shaping the article.

As the head of NIAID, Fauci controls a large portion of the world’s research funds for virologists. At least three virologists involved in the drafting of Proximal Origin have seen substantial increases in funding from the agency since the paper was first published. Any interference by Fauci in the paper’s narrative would present a serious conflict of interest.

Emails Show That Fauci, Collins Exerted Influence

Newly released notes taken by House Republican staffers from emails that still remain largely redacted clearly point to Fauci having been actively engaged in shaping the article and its conclusion. The GOP lawmakers gained limited access to the emails after a months-long battle with Fauci’s parent body, the Department of Health and Human Services.

The new emails reveal that on Feb. 4, 2020, one of the article’s co-authors, virologist Edward Holmes, shared a draft of Proximal Origin with Farrar. Like Fauci, Farrar controls the disbursement of vast amounts of funding for virology research.

Holmes prefaced his email to Farrar with the note that the authors “did not mention other anomalies as this will make us look like loons.” It isn’t known what other anomalies Holmes was referring to, but his statement indicates that Proximal Origin may have omitted certain anomalies of the SARS-CoV-2 virus, suggesting that the paper may have been narrative-driven from the start.

Dr. Anthony Fauci (R), director of the National Institute of Allergy and Infectious Diseases, speaks while U.S. President Donald Trump (C) and Vice President Mike Pence listen during a briefing on the coronavirus pandemic, in the press briefing room of the White House on March 24, 2020. (Drew Angerer/Getty Images)

During Fauci’s teleconference, participants had discussed at least two anomalies specific to the virus—the virus’s furin cleavage site, which has never been observed in naturally occurring SARS coronaviruses, and the pathogen’s unusual backbone, which fails to match any known virus backbone.

Farrar almost immediately shared Holmes’s draft with Fauci and Collins via email, while excluding other participants of the teleconference. The ensuing email thread containing discussion among the three suggests that the reason for the secretiveness may have been that they were shaping the content of the paper itself, something that has never been publicly acknowledged.

It’s notable that the email thread included only the three senior members of the teleconference. Using Farrar as a conduit to communicate with the authors may have been seen by Fauci and Collins as adding a layer of deniability.

Fauci, Collins Express Concern Over ‘Serial Passage’

During a Feb. 4, 2020, email exchange among the men, Collins pointed out that Proximal Origin argued against an engineered virus but that serial passage was “still an option” in the draft. Fauci appeared to share Collins’s concerns, noting in a one-line response: “?? Serial passage in ACE2-transgenic mice.”

Serial passage is a process whereby a virus is manipulated in a lab by repeatedly passing it through human-like tissue such as genetically modified mice, which mimic human lung tissue. This is notable given that during the Feb. 1 teleconference, at least three of Proximal Origin’s authors had advised Collins and Fauci that the virus may have been manipulated in a lab through serial passage or by genetic insertion of certain features.

Then-National Institutes of Health Director Dr. Francis Collins stands in Bethesda, Md., on Jan. 26, 2021. Collins stepped down in December 2021. (Brendan Smialowski/AFP via Getty Images)

One day after Fauci and Collins shared their comments, on Feb. 5, 2020, Farrar emailed Fauci and Collins stating that “[t]he team will update the draft today and I will forward immediately—they will add further comments on the glycans.”

The reference to glycans is notable as they are carbohydrate-based polymers produced by humans. The push by Fauci, Collins, and Farrar to have the paper’s authors expand on the issue of glycans appears to confirm that they were exerting direct influence on the content of Proximal Origin.

According to Rossana Segreto, a microbiologist and member of the virus origins search group DRASTIC, emphasizing the presence of glycans in SARS-CoV-2 might suggest that Fauci and his group were looking to add arguments against serial passage in the lab. A study later found that Proximal Origin’s prediction on the presence of the O-linked glycans wasn’t valid.

The newly released emails don’t reveal what additional discussions may have taken place among Fauci, Collins, and Farrar in the ensuing days. Perhaps that’s partly because Farrar had noted on another email thread addressed to Fauci’s teleconference group that scientific discussions should be taken offline.

Online Version Appears to Incorporate Fauci, Collins Suggestions

Eleven days later, on Feb. 16, 2020, Proximal Origin was published online. The paper argued aggressively for a natural origin of SARS-CoV-2.

An immediate observation from an examination of the Feb. 16 version of Proximal Origin is that “glycans,” the term that Farrar, Fauci and Collins wanted to emphasize, is cited 12 times. We don’t know to what extent glycans were discussed in the Feb. 4 draft as it remains concealed by National Institute of Health (NIH) officials.

An item of particular significance is that the Feb. 16 version omits any mention of the ACE2-transgenic mice that Fauci had initially flagged in his Feb. 4 email to Collins and Farrar. While the Feb. 16 version of Proximal Origin acknowledges that a furin cleavage site could have been generated through serial passage using animals with ACE2 receptors, the cited animals in the Feb. 16 version were ferrets—not transgenic mice.

The P4 laboratory on the campus of the Wuhan Institute of Virology in Wuhan, Hubei Province, China, on May 13, 2020. (Hector Retamal/AFP via Getty Images)

The authors’ use of ferrets is peculiar not only because the term “transgenic mice” was almost certainly used in the Feb. 4 version but also because it was known at the time that the Wuhan Institute of Virology was conducting serial passage experiments on coronaviruses using ACE2 transgenic mice.

Even more conspicuously, the reference to ferrets was removed entirely from a March 17 updated version of the paper. In its place, a passage was added that stated “such work [serial passage experiments with ACE2 animals] has also not previously been described,” in academic literature—despite the fact that the Wuhan Institute’s work with ACE2 transgenic mice has been extensively described in academic papers.

Published Version of Proximal Origin Was Altered

Following the online publication of Proximal Origin on Feb. 16, 2020, the article was published in the prominent science journal Nature on March 17. In addition to the changes surrounding the transgenic mice, a number of other notable edits were made to strengthen the natural origin narrative.

On March 6, 2020, the paper’s lead author, Kristian Andersen, appeared to acknowledge the inputs from Collins, Farrar, and Fauci, when he emailed the three to say, “Thank you again for your advice and leadership as we have been working through the SARS-CoV-2 ‘origins’ paper.”

Perhaps most strikingly, the most often publicly cited passage from the March 17 version of the paper, “we do not believe that any type of laboratory-based scenario is plausible,” doesn’t appear in the Feb. 16 version. Additionally, while the Feb. 16 version states that “genomic evidence does not support the idea that SARS-CoV-2 is a laboratory construct” the March 17 version was altered to state that “the evidence shows that SARS-CoV-2 is not a purposefully manipulated virus.”

Similar changes in language are evident in various parts of the March 17 version. For example, a section that stated “analysis provides evidence that SARS-CoV-2 is not a laboratory construct” was amended to read “analyses clearly show that SARS-CoV-2 is not a laboratory construct.”

A medical staff member gestures inside an isolation ward at Red Cross Hospital in Wuhan in China’s Hubei Province on March 10, 2020. (STR/AFP via Getty Images)

The March 17 version also omits an entire section from the Feb. 16 version that centered around an amino acid called phenylalanine. According to Segreto, a similarly situated amino acid in the original SARS virus had “mutated into phenylalanine as result of cell passage in human airway epithelium.” Segreto surmises that the Proximal Origin authors might have deleted this section so as not to highlight that the phenylalanine in SARS-CoV-2 might have resulted from serial passage in a lab.

Segreto’s analysis is backed up by the fact that another section in the Feb. 16 version which states that “experiments with [the original] SARS-CoV have shown that engineering such a site at the S1/S2 junction enhances cell–cell fusion,” was reworded in the March 17 version to leave out the word “engineering.” Indeed, while the Feb. 16 version merely downplayed the possibility of the virus having been engineered in a lab, in the March 17 version, the word “engineered” was expunged from the paper altogether.

Another sentence omitted from the March 17 version noted that “[i]nterestingly, 200 residents of Wuhan did not show coronavirus seroreactivity.” Had the sentence remained, it would have suggested that, unlike other regions in China, no SARS-related viruses were circulating in Wuhan in the years leading up to the pandemic. That makes natural spillover less likely. The director of the Wuhan Institute of Virology, Shi Zhengli, herself admitted that she never expected a SARS-related virus to emerge in Wuhan. When viruses emerged naturally in the past, they emerged in southern China.

Shi’s credibility already was coming under fire for failing to disclose that she had the closest known relative of SARS-CoV-2 in her possession for seven years—a point noted early on by Segreto. Additionally, the Wuhan Institute took its entire database of viral sequences offline on Sept. 12, 2019. Despite the Wuhan Institute’s documented deletion and concealment of data, Proximal Origin’s central argument is that SARS-CoV-2 had to be natural since its backbone didn’t match any known backbones.

However, even before the March 17 version was published, Segreto had stated publicly that Proximal Origin’s central backbone argument was inherently flawed, precisely because there was no way of knowing whether the Chinese lab had published the relevant viral sequences.

Fauci, Collins, Farrar Roles Improperly Concealed

The email exchange among Fauci, Farrar, and Collins presents clear evidence that the three men took an active role in shaping the narrative of Proximal Origin. Indeed, a careful comparison of the Feb. 16 and March 17 versions show that the changes made fail to reflect any fundamental change in scientific analysis.

Instead, the authors employed linguistic changes and wholesale deletions that appear to have been designed to reinforce the natural origin narrative.

Close scrutiny of the email discussions by the three scientists also suggests that there was no legal justification for redacting any of the newly released information in the first place.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, talks to members of the press prior to an event at the State Dining Room of the White House on Jan. 21, 2021. (Alex Wong/Getty Images)

Science journals require that contributions to scientific papers need to be acknowledged. According to Nature’s publishing guidelines, “[c]ontributors who do not meet all criteria for authorship should be listed in the Acknowledgements section.” The newly revealed sections of the still-redacted emails appear to confirm that Fauci, Farrar, and Collins met the criteria for acknowledgement but their names have never appeared on any published version of Proximal Origin, suggesting that the three didn’t want their involvement in the paper’s creation to be known.

Collins Asked Fauci ‘to Help Put Down’ Fox News Story

A final email released by the House Republicans shows that Collins wrote Fauci several months later on April 16, 2020, telling him that he had hoped that Proximal Origin would have “settled” the origin debate, but it apparently hadn’t since Bret Baier of Fox News was reporting that sources were confident the virus had come out of a lab.

Collins asked Fauci whether the NIH could do something “to help put down this very destructive conspiracy” that seemed to be “growing momentum.” Collins also suggested that he and Fauci ask the National Academy of Sciences, Engineering, and Medicine (NASEM) to weigh in. As was revealed in previous emails released under FOIA, Fauci’s group had pushed NASEM in early Feb. 2020 to promote the natural origin narrative.

Fauci told Collins that the lab leak theory was a “shiny object” that would go away in time. However, the next day, Fauci took responsive action when he categorically dismissed the possibility of a lab origin of COVID-19 during on April 17, 2020, White House press conference. In doing so, Fauci cited the Proximal Origin paper as corroboration of his claims. Notably, Fauci feigned independence, telling reporters that he couldn’t recall the names of the authors. Unbeknownst to reporters and the public at the time, four out of the five authors had participated in Fauci’s Feb. 1, 2020, teleconference.

Now, we know that Fauci had involvement in shaping the very article that he cited.

Fauci’s intervention at the April 17 White House briefing was effective, since media interest in the lab leak theory quickly waned. It didn’t resurface until May 2021, when former New York Times science writer Nicholas Wade published an article discussing the likelihood of a lab leak. Wade noted that “[a] virologist keen to continue his career would be very attentive to Fauci’s and Farrar’s wishes.”

Notably, Segreto had raised a similar concern after Proximal Origin was first published in February 2020, asking whether certain virologists were scared that if the truth came out, their research activities would be curtailed.

END

Now Biden decrees new vaccine mandate edict: all new essential workers from abroad to the uSA (nurses) must be fully vaccinated

(zerohedge)

Biden Admin Decrees All “Essential” Workers Traveling To US Must Be Fully Vaccinated

THURSDAY, JAN 20, 2022 – 09:50 PM

It’s the latest example of “vaccines for thee, but not for me…”

Despite the fact that the Supreme Court has blocked OSHA from enforcing the Biden Administration’s corporate vaccination mandate for most US workers, the administration has decided to require travelers visiting the US for “essential” reasons – ie to fill “essential” jobs like serving as a hospital nurse treating COVID patients – to be fully vaccinated.

Travelers arriving in the US by plane have already been required to prove their vaccination status for months now. But the new restrictions, which take effect at the beginning of next week, will expand the requirement to cover foreigners entering the US via port, land or ferry terminals along the US-Mexico and US-Canada borders (though, fortunately for them, a negative COVID test isn’t required for entry at these locations).

The requirement will also apply to “non-essential” travelers, meaning that people seeking to visit the US must be from one of the countries fortunate enough to have broad access to vaccines.

In a statement, DHS Secretary Alejandro Mayorkas said he was moving to protect public health while “safely facilitating the cross-border trade and travel that is critical to our economy.”

“Starting on January 22, 2022, the Department of Homeland Security will require that non-U.S. individuals entering the United States via land ports of entry or ferry terminals along our Northern and Southern borders be fully vaccinated against COVID-19 and be prepared to show related proof of vaccination,” said Secretary Alejandro N. Mayorkas. ”These updated travel requirements reflect the Biden-Harris Administration’s commitment to protecting public health while safely facilitating the cross-border trade and travel that is critical to our economy.”

Regardless of whether they’re “essential” or “non-essential”, they must do the following:

Verbally attest to their COVID-19 vaccination status
Provide proof of a CDC-approved COVID-19 vaccination, as outlined on the CDC website
Present a valid Western Hemisphere Travel Initiative (WHTI)-compliant document, such as a valid passport, Trusted Traveler Program card, or Enhanced Tribal Card
Be prepared to present any other relevant documents requested by a U.S. Customs and Border Protection (CBP) officer during a border inspection

Of course, this doesn’t bode well for the labor market, especially for hospitals desperate for front-line nurses and other “essential” workers, since health-care workers outside the US are typically even more reluctant to get the vaccine than health-care workers inside the US.

Economic data, including, most notably, the Fed’s Beige Book (a collection of economic observations) has suggested as of late that the worker shortage in the US has started to ease.

But the Biden Administration’s decision certainly won’t help hospitals and other health-care providers paying traveling nurses 3x what they pay their staff due to the demand.

END

Texas judge blocks again Biden’s vaccine mandate for federal employees nationwide, that which the Suprem Court has already ruled upon

(zerohedge)

Texas Judge Blocks Biden’s Vaccine Mandate For Federal Employees Nationwide

FRIDAY, JAN 21, 2022 – 12:59 PM

While President Biden was occupied Friday trying to take credit for a new factory for the production of semiconductors (and all the jobs – construction-related and otherwise – that he said it would create), a federal judge in Texas was issuing an injunction to put the second major piece of Biden’s vaccine mandate on ice.

After SCOTUS last week rejected the administration’s attempt to force corporations to abide by the mandate via OSHA, a federal court in Texas has issued an injunction against Biden’s jab mandate for federal workers, the other part of his administration’s attempts to force vaccines on reluctant Americans – a strategy that Biden has already abandoned in favor of providing at-home COVID tests to all Americans.

Biden issued both mandates by executive order back in September.

Trump-appointed Judge Jeffrey Brown of the US Court for the Southern District of Texas said the case was not about whether individuals should be vaccinated or even about federal power more broadly. Instead, he said it’s about “whether the president can, with the stroke of a pen and without the input of Congress, require millions of federal employees to undergo a medical procedure as a condition of their employment,” Brown wrote.

“That, under the current state of the law as just recently expressed by the Supreme Court, is a bridge too far.”

The order that SCOTUS struck down last week would have mandated all private sector employers with more than 100 workers, as well as the US Postal Service, to test or vaccinated their employees.

The case against the mandate for federal workers was brought by Feds for Medical Freedom, which has filed three different lawsuits against the mandate, according to a report from Government Executive.

Most federal agencies have already started implementing the mandate requiring vaccination or testing, and some had already started ordering suspensions for workers who failed to meet the requirements.

This latest ruling will forestall (at least temporarily) those suspensions from moving forward. Although there’s still a possibility that the injunction granted could be overturned, given SCOTUS’s conservative majority and its previous ruling on the other federal vaccine mandate, any workers who were facing suspension can probably breath a sigh of relief.

end

They defend the country so the boot them out for refusing COVIOD 19 vaccines

(Stieber/EpochTimes)

Nearly 50 More Marines Booted For Refusing COVID-19 Vaccines

FRIDAY, JAN 21, 2022 – 05:00 PM

By Zachary Stieber of The Epoch Times

The U.S. Marine Corps has kicked out another 45 Marines for refusing to get COVID-19 vaccines, the military branch announced Thursday. The Marines were removed “for vaccine refusal,” a spokesman said in a statement.

Any active-duty Marine who did not finish their primary COVID-19 vaccine regimen by Nov. 14, or any reserves who did not complete the process by Dec. 14, is considered unvaccinated by the branch.

Primary regimens are two doses of the Moderna or Pfizer vaccines or the single-shot Johnson & Johnson jab.

All unvaccinated Marines without a pending or approved exemption application, or a pending appeal of a rejected exemption request, are being processed for separation. The branch reported last week that 351 Marines had been discharged for vaccine refusal but corrected the number to 289.

“We inadvertently counted Marines who had not yet been separated, and Marines who had been separated for other misconduct,” the Marines spokesman said.

The number of Marines who have been booted for not getting a vaccine is now at 334.

There were approximately 179,678 active-duty Marines and 35,240 Marine reservists, according to data current as of September 2021.

Ninety-five percent of active-duty Marines have completed their primary vaccination regimen, or are fully vaccinated, according to the Marine Corps. Another 1 percent are partially vaccinated, having gotten one shot of the two-dose Moderna or Pfizer primary regimen.

Of the reserves, 87 percent are fully vaccinated and 1 percent are partially vaccinated.

As of Jan. 19, 635 administrative or medical exemptions to the vaccine mandate have been approved, as well as just two religious exemption requests.

Defense Secretary Lloyd Austin announced the vaccine mandate, with support from President Joe Biden, in August 2021, and directed the heads of each military branch to outline specifics for their troops, including deadlines for becoming fully vaccinated.

Austin made the announcement after Pfizer’s vaccine received regulatory approval, but multiple vaccines, including those without approval, are allowed under the mandate. Some troops are getting vaccinated in other countries.

Other branches have also reported high numbers of compliance with the mandate, though the Air Force has kicked out 100 active-duty airmen, the Navy has removed 20 members, and the Army has relieved six active-duty commanders and reprimanded thousands of soldiers.

Several court cases challenging the mandate are ongoing, including one in which a group of troops successfully convinced a federal judge to block the mandate for them over the military’s broad refusal to grant religious exemption requests.

Sewage reveals that Omicron arrived in the uSA much earlier than thought and it is disappearing quite fast

(zerohedge)

Sewage Surveillance Reveals Omicron Arrived In US Even Earlier Than Believed (And Is Disappearing Fast)

THURSDAY, JAN 20, 2022 – 10:10 PM

Shortly after the start of the COVID pandemic, scientists at Yale University started testing wastewater collected from the sewers of New Haven for any insights it might convey about the spread of COVID among the local population. It didn’t take long for researchers in other parts of the country (and the world) to follow suit by testing their own wastewater.

More than a year later, wastewater testing has caught the attention the of the national media, as scientists and journalists search for more comprehensive ways to measure the prevalence of COVID infection within a population now that the emergence of home testing has made it more difficult for the authorities to track the number of positive tests.

But even before that, we assumed that the number of infections would always outpace the official numbers, since plenty of people with asymptomatic infections never get tested.

Earlier this month, data out of Boston suggested that the prevalence of COVID was actually much higher than the official numbers reflected.

Now, data gleaned from wastewater is being used by the CDC to help determine when the omicron variant may have arrived in the US. As Bloomberg reports, evidence of omicron appeared in US sewage samples collected as early as Nov. 21, according to data collected by state and local health officials from California, Colorado, Houston and NYC. That data was later shared with the CDC.

The first infection of omicron in a US-based patient wasn’t confirmed until Dec. 1 (the patient was located in California).

“The findings give strong early evidence that the omicron variant was likely present or more widely distributed in these communities than originally indicated by clinical testing alone,” the authors said in CDC’s Morbidity and Mortality Weekly Report. The four health authorities were the first to find signs of the variant in their wastewater, according to the study.

In its report on the findings, BBG added that “analyzing wastewater containing human feces can be an important way to look for warning signs of new mutations, as well as track those already spreading to determine how long existing surges will last.”

Wastewater can also provide advanced warning of a COVID surge. Dutch researchers reported in March 2020 that they were able to find genetic material from the virus in wastewater before COVID cases were reported in the population.

Like one BBG source said: “everybody poops”.

The technique “gives you a heads-up because people may not want to pick up the phone for surveys, but everybody poops,” said Gigi Gronvall, an immunologist at the John Hopkins Center for Health Security. “And it’s so unbiased because everybody uses the same sewer system.”

The CDC now funds 43 health departments that participate in the National Wastewater Surveillance System, which provides data on COVID’s presence and trends in water systems.

The great news is that the last week or so has seen the Boston wastewater RNA data plunge…

Source

The end of omicron is imminent… because everybody poops.

END

Super news: COVID 19 cases plunging right across the USA

(Stieber/EpochTimes)

‘Much Brighter Than Before’: COVID-19 Cases Plunge Across US

FRIDAY, JAN 21, 2022 – 09:14 AM

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

COVID-19 case counts have dropped across the United States in recent days, stoking optimism that the Omicron-fueled wave is subsiding.People stop outside a COVID-19 testing site in New York City on Jan. 10, 2022. (Scott Heins/Getty Images)

Thirty-four states have recorded a decrease in cases in recent days, not including states that reported a single-day drop, according to an Epoch Times analysis.

That includes some of the states that saw huge Omicron-fueled increases, including New York, California, and Florida.

Omicron is one of the newest variants of Covid19.

[ZH]:

Other states that have seen fewer cases recently include Alabama, Delaware, Georgia, Louisiana, Nevada, North Dakota, Oregon, and Pennsylvania.

States in every region of the country have reported fewer cases, and a smaller number have also seen a lower number of people being admitted to hospitals with or for COVID-19.

Omicron is more transmissible than the Delta variant, which dominated the United States for months last year. However, it causes a smaller percentage of cases that require hospital care or lead to death.

States saw a significant increase in positive tests with the emergence of Omicron late last year, in part because the COVID-19 vaccines provide little protection against infection from the strain.

Cases in New York shot above 90,000 on Jan. 7, but have since dropped sharply, hitting 26,772 on Monday.

Hospitalizations attributed to COVID-19 have also gone down in the northeastern state in recent days.

Gov. Kathy Hochul, a Democrat, worries that hospital admissions may go back up in the near future, “but overall, the prognosis, the forecast, for COVID is much brighter than it had been before.”

“The COVID clouds are parting,” she told reporters in Latham last week.People get tested inside their vehicles at a COVID-19 testing station in Monterey Park, Calif., on Jan. 14, 2022. (Frederic J. Brown/AFP via Getty Images)

In Alabama, cases have dropped from over 14,000 on Jan. 10 to under 10,000 for several days.

New Jersey recorded over 33,400 cases on Jan. 7. Ten days later, the state notched under 8,300.

Oregon’s daily count dropped from nearly 9,000 on Jan. 3 to under 1,800 about a week later.

In the other states, including Alaska and Iowa, cases have risen, have only dropped slightly, or have only recorded a one-day drop.

Overall, the number of new cases nationwide dropped from 1.3 million on Jan. 10 to the mid-800,000s in the following days, according to data reported by states to the Centers for Disease Control and Prevention.

U.S. health officials have said the drop in cases could come quickly, similar to the plunges seen in South Africa and other countries that dealt with earlier Omicron waves.

Omicron is the new dominant strain in the country, displacing the Delta variant last month, according to genomic sequencing of a sample of cases.

Even though the new variant leads to a lower percentage of hospitalizations, experts have expressed concern that the surge in cases could lead to overburdening hospitals, which are already struggling with staffing shortages and fewer beds than several years ago.

Additionally, vaccines that had been shown effective against infection and severe disease from earlier variants stopped working as well against Delta and are even less effective against Omicron, particularly against infection, studies show.

Even a second booster of Pfizer’s shot isn’t enough to protect against Omicron infection, Israeli scientists said this week, following early data that indicated an initial booster of Moderna’s shot only lasted several weeks before slipping.

Primary vaccine regimens have held up somewhat against severe disease, and in many areas, more hospitalized patients are unvaccinated than vaccinated, prompting officials to urge people to get vaccinated and boosted.

Drawing from hospitalization data, California officials said that between Dec. 20 and Dec. 26, 2021, unvaccinated people were 8 times more likely to be hospitalized with COVID-19 than fully vaccinated people.

On the other hand, the number of vaccinated patients continues to rise in a number of locales.

In Massachusetts, for instance, where cases have eased but hospitalizations have not, 48 percent of the 3,223 COVID-19 patients in hospitals on Jan. 13 were fully vaccinated when they contracted the disease, according to the state Department of Public Health.

iiiB) important USA economic stories for you tonight

end

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

END

iv)swamp stories

funny!!

Pelosi’s Top Pick For Transportation Committee Caught On Video “Repeatedly” Crashing Her Car While Attempting To Park

THURSDAY, JAN 20, 2022 – 08:50 PM

In another stunning display of total liberal competence, Nancy Pelosi’s top pick to chair the Transportation Committee was caught on video this week grinding her vehicle into parked cars while attempting the difficult task of parking.

Video shows 84-year-old Eleanor Holmes Norton grinding up against a nearby vehicle while pulling awkwardly into a parking spot.

She was caught red handed not even leaving a note before leaving the scene. The octogenarian represents the District of Columbia as a Democrat.

As the video shows, Norton pulls into a diagonally aligned parking spot at a perpendicular angle, likely pulling in from the wrong direction, putting her car at a terrible angle among the other parked cars.

She then locks the car using her keyfob and casually walks away.

Congressman Thomas Massie put the video up on his Twitter account this week, and it immediately went viral.

“Speaker Pelosi is seriously considering this person to serve as the chairwoman of the Transportation Committee,” Massie wrote. “Folks, I’m not making this up.”

KING REPORT/SWAMP STORIES

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

From Thursday’s King Report: Major US stock indices are in their worst technical conditions since the Covid Panic in March 2020. Barring a Herculean, multi-day equity recuse team manipulation, the trend is crystal clear. The closer we get to expiration on Friday, the more volatile and dangerous stocks become. The highly unusual event of option traders getting ‘gammaed to death’ on the downside is very possible. If traders short beaucoup out-of-the-money (OTM) puts have to cover puts going into the money, they must sell something as a hedge or buyback the puts. The frantic selling would create a downward death spiral.

US Initial Jobless Claims unexpected jumped to 286k (225k expected) from 231k. Continuing Claims increased to 1.645m (1.563m expected) from 1.551m.

@YahooFinance: Biden hasn’t put a dent in the Black employment gap after a year in office https://buff.ly/3AhY8JM

Metals Rally Heats Up as Nickel Hits $24,000 on Supply Snarls

China monetary easing bolsters sentiment and demand outlook
Nickel market at tightest since 2007 as LME boosts monitoring

https://www.bloomberg.com/news/articles/2022-01-20/metals-rally-heats-up-as-nickel-hits-24-000-on-supply-snarls

Sales of Existing U.S. Homes Drop for First Time in Four Months
Depressed housing inventory curbed U.S. sales of previously owned homes at the end of the strongest year since 2006… (2006 was the peak of Easy Al’s intentional housing bubble!)
https://www.bloomberg.com/news/articles/2022-01-20/sales-of-existing-u-s-homes-drop-for-first-time-in-four-months

Prior COVID infection more protective than vaccination during Delta surge -U.S. study
https://www.reuters.com/business/healthcare-pharmaceuticals/prior-covid-infection-more-protective-than-vaccination-during-delta-surge-us-2022-01-19/

CDC Admits Natural Immunity Superior to Vaccinated Immunity Alone at Preventing Covid Hospitalizations & Deaths – Nonetheless, the mainstream media have repeatedly tried to convince the American people that natural immunity is either a myth or is ineffective against Covid…
https://beckernews.com/bombshell-cdc-admits-natural-immunity-superior-to-vaccinated-immunity-alone-at-preventing-covid-hospitalizations-deaths-43799/

Mask Mandates Causing Over 350% Surge in Childhood Speech Delays.  https://t.co/BUxwkHcNAi

Board suspends doctor, orders neuropsych eval for COVID claims echoed by mainstream scientists
“I have asked multiple times for the specific misrepresentations,” says Doctor Meryl Nass, who is associated with vaccine skeptic Robert F. Kennedy Jr.
https://justthenews.com/accountability/cancel-culture/misinformation-doctor-under-investigation-covid-claims-echoed

‘There are no MINOR incursions’: Furious Ukraine President schools Biden after his blundering press conference where he ‘green lit’ a limited Russian invasion into Ukraine
    ‘We want to remind the great powers that there are no minor incursions and small nations,’ wrote Ukraine President Volodymyr Zelensky…  https://www.dailymail.co.uk/news/article-10422921/Kamala-forced-clarify-Bidens-words-Ukraine-suggesting-hed-allow-Putin-minor-incursion.html

@charliespiering: Jen Psaki says that Biden has not spoken with Ukrainian president Zelensky since his comments yesterday.  https://twitter.com/charliespiering/status/1484239507725729802?s=02

@SteveGuest: REPORTER: “Have you heard the Ukrainian president’s comments that ‘there are no minor incursions’?” BIDEN: (Goes catatonic; aides disperse pesky reporters)
https://twitter.com/SteveGuest/status/1484233521354969092?s=09

@ThePr0diga1S0n: Corporate Legacy Media hack pushes for US preemptive strikes on nuclear Russia asking, “Why are you waiting on Putin to make the first move, Sir.” Biden correctly responds, “What a stupid question.”   https://twitter.com/ThePr0diga1S0n/status/1484294314717069313

@BryanDeanWright: FMR CIA COLLEAGUE CONT: “Putin now sees appeasement and fear in Biden, just like in Chamberlain… no political capital at home to fight a war in Europe, no spine to fight even if he did. Putin and his generals are smiling. This press conference changed the calculus in Moscow.”
    CONFUSION & ANGER: Hearing from USMIL folks that there’s a total meltdown at POTUS for his Ukraine comments. Aghast at green light for Putin to launch a little invasion, which is what most feared.
No WH cleanup will change what Putin heard in Biden’s honest comments. “This is like Afghanistan… Biden just pulled the rug out. Morale collapsed. Profound worry Ukrainian front line won’t fight knowing that Biden is fine with little incursion.” Another: “Ukraine is toast. It’s already been carved up in a back-room deal. Biden just said it.”

The cleanup after The Big Guy’s abysmal presser continued into Thursday.

Biden clarifies any Russian movement into Ukraine ‘is an invasion’
“I’ve been absolutely clear with President Putin. He has no misunderstanding. If any assembled Russian units move across the Ukrainian border, that is an invasion,” Biden said at an event on infrastructure… https://thehill.com/homenews/administration/590601-biden-clarifies-any-russian-movement-into-ukraine-is-an-invasion

CNN Scrambles to Explain Away Joe Biden Saying 2022 Midterms Could Be “Illegitimate”
Former President Donald Trump was vehemently monstered by the media both in 2016 and 2020 for suggesting the election outcome could be compromised…Tens of millions of Trump supporters who believe the 2020 election was rigged have also been denounced as everything from dangerous radicals to domestic terrorists. So, when Joe Biden questioned the legitimacy of the upcoming election during a live press conference, the media was placed in an invidious position…
    This serves as yet another reminder as to why Biden barely ever holds press conferences.
    After she lost in 2016, Hillary Clinton also repeatedly questioned the legitimacy of the election, blaming Trump’s win on the baseless Russian collusion conspiracy theory. “It’s OK when we do it!”
https://summit.news/2022/01/20/cnn-scrambles-to-explain-away-joe-biden-saying-2022-midterms-could-be-illegitimate/

@charliespiering: After flat-out denying that Biden cast doubt on the legitimacy of the 2022 election this morning, Jen Psaki now saying the president “was not intending” to do so.

@townhallcom: Psaki claims that Joe Biden was not questioning the legitimacy of future elections in his press conference yesterday. “He was actually attempting to make the opposite point.” https://t.co/3JJzsVNFHM

@joelpollak: @PressSec Jen Psaki just said that there were attempts to suppress the vote in 2020. There is zero evidence of that. I believe that is the kind of election misinformation that undermines confidence in democracy and results in banning from social media… for Republicans.

Donald Trump Jabs Biden for Undermining Trust in Elections at His Disastrous Press Conference
“President Biden admitted yesterday, in his own very different way, that the 2020 election may very well have been a fraud, which I know it was… I’m sure his representatives, who work so hard to make it look legit, are not happy.”…
https://beckernews.com/44-new-donald-trump-jabs-biden-on-undermining-trust-in-elections-at-his-disastrous-press-conference-43821/

@PollsandOdds: Did you know that in Presidential Elections, the Winner of Ohio, Florida, and Iowa won the Presidency? Two Exceptions Nixon in 1960, Trump in 2020 (Both have a commonality)

@HotlineJosh: NEW AP/NORC poll: Would you like to see Biden run for re-election in 2024?
YES 28%, NO 70%

The Fed balance sheet: +$79.556B; MBS+$70.695B https://www.federalreserve.gov/releases/h41/20220120/

After the close, Netflix crashed 21% after it reported fewer subscribers than expected and projected only 2.5m new subscribers for Q1. The best & brightest on the Street foresaw 6.26m new subscribers.

@zerohedge: Blackrock begins planning how many ETFs it will have to buy on behalf of the Fed

@monicaonairtalk: (ex-DJT atty) Sidney Powell agrees to meet with J6 Commission and says she will bring 2020 election evidence with her. This could be the window the committee didn’t expect. Again, not treasonous or conspirators to legally question election results.

Ex-Labor Secretary Reich says Democrats should assault Sinema over filibuster stance in deleted tweet  https://www.foxnews.com/media/ex-labor-secretary-reich-sinema-filibuster

More Than Two Dozen FBI Agents Descend on Home of Texas Democrat Rep. Who Blasted Biden and Harris Over Border Crisis    https://t.co/8QnSUw0RMI

@nytimes: Dozens of Democrats urged President Biden to overhaul his counterterrorism strategy, a day after newly declassified surveillance footage revealed additional details of a botched drone strike in Kabul in August that killed 10 Afghan civilians. https://t.co/xmH3WhqnEZ

@CBS_Herridge: Texas gunman traveled alone to NY on Dec. 29 through the U.S. Visa Waiver Program, according to FBI, DHS, NCTC bulletin obtained by @CBSNews. His entrance was approved by @CBP’s Electronic System for Travel Authorization (ESTA).
https://www.cbsnews.com/news/texas-hostage-standoff-concerns-copycat-attacks/

Texas synagogue terrorist ranted about “f***ing Jews” in last call to family made during siege
He said he was “opening the doors” to further attacks (FBI & Joe still don’t know his motivation!)
https://www.thejc.com/news/world/exclusive-texas-synagogue-terrorist-ranted-about-f-ing-jews-in-last-call-to-family-made-during-siege-2Y5rmNYVAwKPfoV3fMv8i6

I watched the FBI become so woke it can’t call out terrorism
The FBI has made a sea change in defining criminal suspects since the Obama administration and its attorney general, Eric Holder, set out to transform the justice system. Post-Obama, law enforcement hesitates to describe criminal suspects’ race for fear of being tagged “racist.”…
    I was there for the genesis of the FBI’s transformation, when we ceased calling things what they are and began to use nebulous and ambiguous terms so as not to offend… I was a party to FBI headquarters’ directives from Holder’s Department of Justice, where “radical Islamist terror” was hereafter to be referred to as indefinite cases of “combating violent extremism.”…
    The Biden administration’s DOJ declares that parents complaining about curriculum and masking policies are “domestic terrorists.” Former Acting FBI Director Andrew McCabe — who served under me in the FBI’s New York office — recently warned of those same parents and suggested on a David Axelrod podcast that the DOJ needs to target “mainstream conservatives.”… The FBI is at a crossroads… https://nypost.com/2022/01/18/i-watched-the-fbi-become-so-woke-it-cant-call-out-terrorism/

M&Ms characters to become more inclusive (Not a parody!)
Mars, Incorporated, the company behind the colorful, candy-coated chocolates, announced Thursday a “global commitment to creating a world where everyone feels they belong and society is inclusive.”…
https://thehill.com/blogs/in-the-know/in-the-know/590560-mms-characters-to-become-more-inclusive?s=

If candy makers want to benefit society, they should cut their sugar and additive contents!

Let’s not forget that Putin invaded Ukraine in 2014 because he believed that the Obama administration instigated a coup to overthrow a Russia-friendly president. Obama then put The Big Guy in charge of Ukraine and the grift commenced. Putin is still angry about this and intends to remedy the situation.

Vladimir Putin and Barack Obama engage in war of words over Ukraine      4 Mar 2014
The Russian leader strongly denounced the new administration in Kiev. He said he would refuse to recognize Ukrainian elections scheduled for the end of May. The acting president and government were illegitimate and Kiev was in the hands of “armed terrorists”, of “nationalists and extremists”…
    The deposed president, Viktor Yanukovych, who has fled to Russia leaving behind a lavish lifestyle in Kiev, remained the legitimate head of state, Putin insisted, although he also pronounced Yanukovych politically dead. “There can be only one assessment of what happened in Kiev, in Ukraine in general. This was an anti-constitutional coup and the armed seizure of power,” he said…
https://www.theguardian.com/world/2014/mar/04/ukraine-crisis-putin-obama-war-of-words

Lavrov Claims Obama’s Remarks Prove U.S. Backed Ukraine ‘Coup’   Feb. 2, 2015
In a CNN interview broadcast on February 1, Obama said he thinks Russia has been interfering in Ukraine partly because President Vladimir Putin was “caught off balance” by embattled Ukrainian President Viktor Yanukovych “fleeing after we had brokered a deal to transition power in Ukraine.”…
   Russia has repeatedly accused the West of sponsoring Yanukovych’s ouster…
https://www.rferl.org/a/obama-russia-lavrov-coup-ukraine/26826632.html

@ggreenwald: It’s nothing short of stunning how the US Govt continues to convince its journalists that its motive in places like Ukraine is to defend democracy when — leaving aside from the coup the US engineered in Ukraine — the US props up the tyrants of Saudi Arabia, UAE and Egypt.
    Remember when Joe Biden was in charge of Ukraine for the Obama administration and a Ukrainian energy company paid his son Hunter $50,000/month to sit on its Board even though he had no experience or knowledge whatsoever about that industry?
    The US has been all but running Ukraine as a colony — to the point that Biden was dictating which prosecutors should be fired and Burisma paid Hunter $50k/month to curry favor with his dad — but the DC class says “Russia has no right to interfere in Ukraine” and everyone nods.

@HansMahn, specifically to close down investigations of Hunter’s boss.  20 days later, that “deliverable” had somehow made its way into Joe Biden’s Ukraine demands. How smoking does the gun have to be?   https://twitter.com/HansMahncke/status/1484328054126043138

Biden appoints ‘amateur diplomats’ to important roles, former Obama official warns
“It’s really shocking that Biden has put forward so many with so little diplomatic experience,” the former Obama official said.
https://justthenews.com/government/white-house/biden-appoints-amateur-diplomats-important-roles-former-obama-official-warns

end

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

Collapsing Narratives Continue in CV19, Vote Fraud & Fed Fueled Economy | Greg Hunter’s USAWatchdog

Collapsing Narratives Continue in CV19, Vote Fraud & Fed Fueled Economy

By Greg Hunter On January 21, 2022 In Weekly News Wrap-Ups 23 Comments

By Greg Hunter’s USAWatchdog.com (WNW 513 1.21.22)

At the end of last year, I predicted that the narratives in three big areas of total fraud and lies would be unraveling in 2022. I did not think the CV19 narrative would unravel this fast. The first big Western country to throw in the towel on the CV19 virus and vax fraud fest is Britain. Out of the blue and without warning, Prime Minister (PM) Boris Johnson stopped masks, injection mandates and work restrictions. Why the about-face? Is it as simple as the jig is up and PM Johnson is running for cover? How far behind are the U.S. and other Western nations?

The vote fraud story is the energizer bunny of stories. It keeps “going and going and going.” The mainstream media (MSM) does not report on it, but alt media does and it is far from over. Investigations are in several states, and the entire “Biden won fair and square” narrative is crumbling. Even two Dem Senators would not allow the Senate to kill the Filibuster, and that stopped so-called “voting rights” legislation in its tracks. It should be called what it really is, and that is a federalization of the cheating that took place in 2020. Dems need to cheat in 2022, and it looks like this way has been blocked.

Big warnings are coming from big money investors about how shaky the economy is and how the Fed is going to try to snuff out inflation, which is running as a painful 7% a year. One big name money manager is predicting the biggest wealth destruction in U.S. history. If he’s half right, you may want to lighten up on the risk.

Join Greg Hunter as he talks about these stories and more in the weekly News Wrap-Up for 1.21.22.

(To Donate to USAWatchdog.com Click Here)

After the Interview:

Internet data analyst extraordinaire Clif High is the guest for the Saturday Night Post. He has big predictions for the economy and the vax

Collapsing Narratives Continue in CV19, Vote Fraud & Fed Fueled Economy

I will see you on MONDAY night/

Greg Hunter via aweber.com	1:00 AM (7 hours ago)
to Harvey

Robert Hryniak	11:35 AM (7 minutes ago)
to

Milan Sabioncello	7:28 AM (44 minutes ago)
to me

Robert Hryniak	11:06 AM (35 minutes ago)
to

JAN21/

DONATE

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 85 NOTICE(S) FOR 85000 OZ (0.2643 TONNES)

total notices so far: 5649 contracts for 564,900 oz (17.570 tonnes)

72 NOTICE(S) FILED TODAY FOR 360,000 OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

b) REPORT ON JAPAN

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Alasdair Macleod: Understanding the inflation problem

Fed launches review of possible central bank digital currency

New York Sun: The Fed and crypto — back to basics

Oklahoma to consider investing state funds in gold and silver

Crumbling narratives?

Central Banks’ Record Gold Stockpiling

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

Markets Are “Sea Of Red” Amid “Total Meltdown In Anything Tech And Pandemic Winners”

3 a./NORTH KOREA/ SOUTH KOREA

3c CHINA

Jack Ma’s Ant Group Implicated In Major Corruption Scandal Involving Ex-CCP Official

4/EUROPEAN AFFAIRS

Austria Introduces COVID-19 Vaccination Lottery, Winners Get €500 In Vouchers

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

Biden Authorizes Rush Deliveries Of US Weapons To Ukraine Via Baltic Allies

US Special Forces Continue Mission Training Troops In Ukraine

US Mulls Evacuating Diplomats’ Family Members From Ukraine; Blinken-Lavrov Meeting ‘Positive’

Seriously ?

Tulsi Gabbard Blasts “Warmongers” Taking US Toward “Destruction Of The World” Over Ukraine

Iran, Russia, China To Hold Joint Naval Drills After Key Putin-Raisi Summit

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

“Bizarro World”: Researcher Calls Out Censorship After Journal Pulls COVID-19 Vaccine Adverse Events Analysis

Czech Republic Abolishes Plan To Mandate COVID-19 Vaccines

Sarnia Restaurant

What does it take?

Was Tennis Star Novak Djokovic’s Media Coverage in Australia All a Show to Promote his New Biotech Pharmaceutical Company?

January 20, 2022 3:34 pm

Do the Globalists’ Plans for the Next Stage of Population Reduction Include Deploying Nuclear Weapons?

January 20, 2022 4:07 pm

The World & Monetary Policy Has Split

The first is the economics of pandemic.

The second big issue for China is the potential effects of Monetary Experimentation on the economy over the medium term.

Rabobank: “It’s Friday And We Should All Be Freaking Out”

7. OIL ISSUES

Wintry Weather Sends US Propane Demand To Record High

Tanker, Bulker, LNG Rates Plunge, Container Rates Hold Near Top

Crude tankers

Product tankers

Dry bulk

LNG shipping

Container shipping

8 EMERGING MARKET& AUSTRALIA ISSUES

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

Markets Scream ‘Panic’ To Powell As 2022’s Tech-Wreck Is Worst In Over 30 Years

Panic Signals include….

Some more thoughts…

S&P Tumbles Below Key Technical Support, Bonds Bid

New Emails Expose Fauci’s Role In Shaping Highly Influential Paper That Established COVID “Natural Origin” Narrative

Emails Show That Fauci, Collins Exerted Influence

Fauci, Collins Express Concern Over ‘Serial Passage’

Online Version Appears to Incorporate Fauci, Collins Suggestions

Published Version of Proximal Origin Was Altered

Fauci, Collins, Farrar Roles Improperly Concealed

Collins Asked Fauci ‘to Help Put Down’ Fox News Story

Biden Admin Decrees All “Essential” Workers Traveling To US Must Be Fully Vaccinated

Texas Judge Blocks Biden’s Vaccine Mandate For Federal Employees Nationwide

Nearly 50 More Marines Booted For Refusing COVID-19 Vaccines

Sewage Surveillance Reveals Omicron Arrived In US Even Earlier Than Believed (And Is Disappearing Fast)

‘Much Brighter Than Before’: COVID-19 Cases Plunge Across US

Pelosi’s Top Pick For Transportation Committee Caught On Video “Repeatedly” Crashing Her Car While Attempting To Park

Collapsing Narratives Continue in CV19, Vote Fraud & Fed Fueled Economy

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