JAN 24//GOLD CLOSED UP $10.15 TO $1841.55//SILVER CLOSED DOWN 48 CENTS TO $23.77//COMEX GOLD STANDING FOR JANUARY RISES TO 17.620 TONNES//SILVER OZ STANDING 14.48 MILLION OZ//COVID UPDATES//VACCINE MANDATE UPDATES//VACCINE IMPACT: BRUSSELS ON SUNDAY HAD A HUGE PROTEST AGAINST THE VACCINE MANDATES//CANADA STARTS ITS TRUCKING PROTESTS WITH TRUCK DRIVER CLOGGING THE HIWAYS//USA MANDATE FOR TRUCKERS BEGINS TODAY//CHINA LAUCHES ITS MOST DARING RAIDS INTO TAIWAN AIRSPACE //BEIJING INFORMS MORE COVID CASES TWO WEEKS BEFORE THE WINTER OLYMPICS//RUSSIA VS USA UPDATES//SERVICE SECTOR PMI FALTERS BADLY IN THE USA//SWAMP STORIES FOR YOU TONIGHT//

JAN 24//

GOLD; UP $10.15 to $1841.55


SILVER: $23.77  DOWN 48 CENTS

ACCESS MARKET: GOLD: 1841.50.. 

SILVER: $24.00

Bitcoin:  morning price: 38,220 down 3223

Bitcoin: afternoon price: 34,576 down 6867

Platinum price: closing down $8.40 to $1023.70

Palladium price; closing up  $48.25  at $2151.40

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: 1,831.800000000 USD
INTENT DATE: 01/21/2022 DELIVERY DATE: 01/25/2022
FIRM ORG FIRM NAME ISSUED STOPPED
624 H BOFA SECURITIES 2
737 C ADVANTAGE 2   TOTAL: 2 2
MONTH TO DATE: 5,651  


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

total notices so far:  5651 contracts for 565,100 oz (17.577 tonnes)

SILVER NOTICES:

1 NOTICE(S) FILED TODAY FOR  5,000   OZ/

total number of notices filed so far this month 2839  :  for 14,195,000  oz

GLD

WITH GOLD UP $10.15

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS):  A MASSIVE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 27.59 TONNES IN THE GLD

WHAT A MASSSIVE FRAUD!!

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 48 CENTS:/:  A MASSIVE CHANGE IN SILVER INVENTORY INTO THE SLV/ A DEPOSIT OF 4.8 MILLION OZ OF SILVER//THIS IS ALSO A MASSSIVE FRAUD!

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 532.692 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE


SILVER COMEX OI  FELL BY A FAIR 481 CONTRACTS TO 151,998  AND RESTS FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND  THIS SMALL LOSS IN OI WAS ACCOMPANIED WITH THE $0.41 DROP IN SILVER PRICING AT THE COMEX ON FRIDAY.  OUR BANKERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.41) BUT WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A STRONG GAIN OF 849 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 50,000 OZ QUEUE. JUMP //NEW STANDING 14.480 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  -155

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 15 days, total  contracts: :  14,833 contracts or 74.165 million oz  OR 4.9466 MILLION OZ PER DAY. (988 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 14,833 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 74.165 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 FAIR SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 481 WITH OUR 41 CENT LOSS SILVER PRICING AT THE COMEX// FRIDAY  THE CME NOTIFIED US THAT WE HAD A  STRONG SIZED EFP ISSUANCE OF  1175 CONTRACTS( 1175 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 50,000 OZ QUEUE JUMP  //NEW STANDING 14.480, MILLION OZ//  .. WE HAD A GOOD SIZED GAIN OF 694 OI CONTRACTS ON THE TWO EXCHANGES FOR 4.245 MILLION OZ//

WE HAD 1 NOTICES FILED TODAY FOR  5,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 5152 TO 553,896 AND FURTHER FROM  OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: -1302  CONTRACTS

.

THE  SMALL SIZED INCREASE IN COMEX OI CAME DESPITE OUR STRONG LOSS IN PRICE OF $10.80//COMEX GOLD TRADING/FRIDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD SOME LONG LIQUIDATION  AS THE TOTAL LOSS ON OUR TWO EXCHANGES TOTALED A FAIR SIZED 3,862 CONTRACTS… 

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 400 OZ QUEUE. JUMP//NEW STANDING: 17.620 TONNES      

YET ALL OF..THIS HAPPENED WITH OUR  GAIN IN PRICE OF $10.80 WITH RESPECT TO FRIDAY’S TRADING

WE HAD A FAIR SIZED LOSS OF 3862  OI CONTRACTS (12.012 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A SMALL SIZED  1290 CONTRACTS:

FOR FEB 1290  ALL OTHER MONTHS ZERO//TOTAL: 1290 

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 553,896.

IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2,560, WITH 3850 CONTRACTS DECREASED AT THE COMEX AND 1290 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 2,560 CONTRACTS OR 7.962TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1290) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (5152): TOTAL LOSS IN THE TWO EXCHANGES 2862 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 3.7262 TONNES//FOLLOWED BY TODAY’S  400 OZ QUEUE. JUMP.//NEW STANDING 17.620 TONNES  3)SOME LONG LIQUIDATION,4)   GOOD SIZED COMEX OI. LOSS 5) SMALL ISSUANCE OF EXCHANGE FOR PHYSICAL

SPREADING OPERATIONS

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

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

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

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

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2021 INCLUDING TODAY

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 54,599 CONTRACTS OR 5,459,900 oz OR 169.82  TONNES (15 TRADING DAY(S) AND THUS AVERAGING: 3634 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 15 TRADING DAY(S) IN  TONNES: 169.82 TONNES

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

THUS EFP TRANSFERS REPRESENTS  169.82/3550 x 100% TONNES  4.78% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE 

JANUARY: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

 FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN).. 

MARCH:.   276.50 TONNES (STRONG AGAIN/

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.           145.12 TONNES//INITIAL ISSUANCE// 

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE

First, here is an outline of what will be discussed tonight:

1.Today, we had the open interest at the comex, in SILVER, FELL BY A FAIR SIZED 481 CONTRACTS TO 151,998  AND FURTHER FROM OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  4 1/2 YEARS AGO.  

EFP ISSUANCE 1175 CONTRACTS

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

MAR 1175  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  1175 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 326 CONTRACTS AND ADD TO THE 1175 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 694 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 3.470 MILLION  OZ, 

OCCURRED WITH OUR $0.41 LOSS IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

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

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

5. Other gold commentaries

6. Commodity commentaries/cryptocurrencies

3. ASIAN AFFAIRS

i)MONDAY MORNING// SUNDAY  NIGHT

SHANGHAI CLOSED UP 1.59 PTS OR 0.04%      //Hang Sang CLOSED DOWN 309.09 PTS OR 1.24% /The Nikkei closed UP 66.11 PTS OR 0.24%      //Australia’s all ordinaires CLOSED DOWN 0.65%  /Chinese yuan (ONSHORE) closed UP 6.3277    /Oil UP TO 84.99 dollars per barrel for WTI and UP TO 87.64 for Brent. Stocks in Europe OPENED  ALL RED      //  ONSHORE YUAN CLOSED UP  AGAINST THE DOLLAR AT 6.3277. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3316: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

A)NORTH KOREA//USA/OUTLINE

b) REPORT ON JAPAN

OUTLINE

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A  GOOD SIZED 5152 CONTRACTS  AND CLOSER TO THE RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS  COMEX DECREASE OCCURRED WITH OUR  LOSS OF $10.80 IN GOLD PRICING FRIDAY’S COMEX TRADING. WE ALSO HAD A SMALL EFP (1290 CONTRACTS). . THEY WERE PAID HANDSOMELY  NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. LOOKS LIKE OUR BANKERS ARE FINALLY BAILING OUT

WE NORMALLY HAVE WITNESSED  EXCHANGE FOR PHYSICALS ISSUED BEING SMALL AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. IT SEEMS THAT ARE BANKERS FRIENDS ARE EXERCISING EFP’S FROM LONDON AND NOW THEY ARE LOATHE TO ISSUE NEW ONES.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW MOVING TO THE  NON ACTIVE DELIVERY MONTH OF JAN..  THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 1290 EFP CONTRACTS WERE ISSUED:  ;: ,  DEC  :  0  & FEB. 1290 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  1290 CONTRACTS 

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

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED 3862 TOTAL CONTRACTS IN THAT 1290 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A GOOD SIZED  COMEX OI LOSS OF 5152  CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN   (17.620),

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

DEC 2021: 112.217 TONNES

NOV.  8.074 TONNES

OCT.    57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

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

THE BANKERS WERE  SUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT FELL $10.80)

AND THEY WERE  SUCCESSFUL IN FLEECING SOME LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED A FAIR 7.962 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (17.620 TONNES)…

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

NET LOSS ON THE TWO EXCHANGES 2560 CONTRACTS OR 256,000 OZ OR 7.962 TONNES

Estimated gold volume today: 327,083 /// fair

Confirmed volume yesterday: 299,674 contracts  fair

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD //JAN 24

GoldOunces
Withdrawals from Dealers Inventory in oznil oz
Withdrawals from Customer Inventory in oz 1,293.341 oz
Brinks ( one kilobar)
Delaware 482.265 oz (15 kilobars)
HSBC enhanced: 
                                                                                                                             
Deposit to the Dealer Inventory in oznilOZ            
Deposits to the Customer Inventory, in oz      nil                                                
No of oz served (contracts) today2  notice(s)200 OZ
0.00622 TONNES
No of oz to be served (notices)14 contracts  1400 oz 
0.0435 TONNES  
Total monthly oz gold served (contracts) so far this month5651 notices 565,100 OZ
17.577 TONNES  
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthxxx oz
Gold
xxx oz
Gold

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

total deposit: nil oz

3 customer withdrawals

i) Out of BRINKS:  32.1512 0z one kilobar

ii) Out of Delaware  482.265 oz  (15 kilobars)

iii) HSBC enhanced (fake gold from London)  778.925 oz’

total withdrawals:  1,293,341 oz

ADJUSTMENTS: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 16 stand for JANUARY LOSING 81 contracts.  We had 85 notices filed on FRIDAY, so we GAINED 4 contracts or an additional 400 oz will stand for

gold in this very non active delivery month of January. 

FEBRUARY LOST 22,616 CONTRACTS TO 143,288

March GAINED 118 contracts to stand at 2839..

We had 2 notice(s) filed today for 200  oz FOR THE JAN 2022 CONTRACT MONTH


Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 2  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 (5651) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN: 16 CONTRACTS ) minus the number of notices served upon today  2 x 100 oz per contract equals 566,500 OZ  OR 17.620 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 (5651) x 100 oz+   (16)  OI for the front month minus the number of notices served upon today (2} x 100 oz} which equals 565,900 oz standing OR 17.620 TONNES in this NON active delivery month of JAN. 

We GAINED 4 contracts or an additional  400 oz of gold will stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING:  17.620 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: 33,417,546.128 OZ (1039,42 TONNES)

TOTAL ELIGIBLE GOLD: 15,837,005 OZ (492.59 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 24

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory959,738.710  oz 
Brinks
CNT
Delaware
JPMorgan
Loomis                                                                                                                       
Deposits to the Dealer InventorynilOZ                   
Deposits to the Customer Inventory584,633.900 oz
JPMorgan                                                                                   
No of oz served today (contracts)CONTRACT(S)5,000  OZ) 
No of oz to be served (notices)57 contracts (285,000 oz)
Total monthly oz silver served (contracts)2839 contracts (14,195,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

And now for the wild silver comex results

we had 0 deposits into the dealer

total dealer deposits:  nil       oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

We have 1 deposit

i) Into JPmorgan: 584,633.900 oz

JPMorgan has a total silver weight: 185.232 million oz/355.618 million =52.08% of comex 

ii) Comex withdrawals: 5

a) Out of CNT 9924.400 oz

b) Out of Delaware; 6110.800 oz

c) Out of Brinks 3851.35 oz

d) out of JPM  338,737.180 oz

e) out of Loomis:  601,114.980 oz

total withdrawal 959,738.710 oz

we had 0 adjustment

the silver comex is in stress!

TOTAL REGISTERED SILVER: 82.616 MILLION OZ

TOTAL REG + ELIG. 355.618 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: 1 NOTICES OR 5,000 OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 59 CONTRACTS LOSING 62 contracts on the day

We had 72 notices filed for FRIDAY so we GAINED 10 contracts or 50,000 additional oz will  stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A GAINOF 3 CONTRACTS UP TO 599

FOR MARCH WE HAD A LOSS OF 1154 CONTRACTS UP TO 116,664 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1 for 5,000 oz

Comex volumes: 71,291// est. volume today//good

Comex volume: confirmed YESTERDAY: 65.501 contracts (good)

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  2839 x 5,000 oz =. 14,195,000 oz 

to which we add the difference between the open interest for the front month of JAN (59) and the number of notices served upon today 1 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the JAN./2021 contract month: 2839 (notices served so far) x 5000 oz + OI for front month of JAN (59)  – number of notices served upon today (1) x 5000 oz of silver standing for the JAN contract month equates 14,480,000 oz. .

We GAINED 10 contracts or an additional 50,000 oz will  stand for delivery on this side of the pond.

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

END

GLD AND SLV INVENTORY LEVELS:

GLD

JAN 24/WITH GOLD UP $10.10 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: AN UNBELIEVABLE DEPOSIT OF 27.59 TONNES INTO THE GLD//INVENTORY RESTS AT 1008.45 TONNES

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

CLOSING INVENTORY: 1008.45 TONNES

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

SLV

.JAN 24/WITH SILVER DOWN 48 CENTS TODAY: A MASSIVE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.8 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 532.692 MILLION OZ//.

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//

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//

CLOSING INVENTORY:  32.692 MILLION OZ

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

Peter Schiff: Has Fed Talk Pricked The Mother Of All Bubbles?

 MONDAY, JAN 24, 2022 – 11:42 AM

Via SchiffGold.com,

It appears talk of looser monetary policy has pricked the bubble. Peter Schiff talked about it in a recent podcast.

We’ve seen a significant rotation out of the overpriced, high-risk momentum stocks that enjoyed the benefit of the bubble. They are now collapsing – not because the Fed has actually tightened monetary policy, but just because it talked about it.

That’s all it took to prick the mother of all bubbles. But as the air is coming out, that air is flowing into the ‘value’ sector of the global markets, which have been overlooked for the entirety of the move up as people were using those stocks as a source of funds, selling value dividend-paying stocks to free up the capital in order to invest in the momentum stocks.”

Peloton’s announcement that it will stop production of its bikes was one of the catalysts for last week’s sell-off.

I think that caused people to worry. Hey, look what’s happening to Peloton. This could happen to other stocks. Demand is not what we thought, and this could apply to a lot of companies, not just Peloton. So, I think other stocks were sold in sympathy.”

Peloton rallied a bit on Friday when the company’s president did some damage control. But that didn’t help the rest of the market. The Dow was down 450 points and the NASDAQ plunged 385 points (2.7%). Friday’s carnage was sparked by Netflix’s 4th quarter report revealing weakening subscriber additions. Netflix stock lost about 20%.

Looking at some of the yearly numbers, the Dow is down 5.7% on the year and 7.3% from its peak. The S&P500 is down 7.7% on the year and 8.7% from the high. The NASDAQ is down 11.6 year-to-date and 14% from its peak. That means the NASDAQ is in correction territory. The Russell 2000 is doing even worse. It’s down 11.5% so far this year and 19.2% from its previous high.

Peter said the dip in the Russell 2000 isn’t because of declining tech stocks. It’s more a reflection of the real US economy.

This really tells the story of what’s going on, and we are almost in bear market territory.”

Then we have the Ark Innovation Fund. It reflects these momentum tech stocks. It was down 5.7% on Friday alone. It plunged 10.9% on the week. Year-to-date, Ark is down 24.4%. And from the high — it’s down 55.2%.

Some of the “stay-at-home” stocks are also getting clobbered. Zoom video is down 65% from its top. DocuSign is down 63%. Teladoc is down 77%.

Peter noted that this isn’t a global selloff. This isn’t like 2008 when everything tanked along with the US stock market and the dollar went through the roof. In fact, the dollar was down slightly on Friday, and it’s also down a bit on the year. Investors certainly aren’t taking refuge in the dollar at this point.

What’s more significant is it’s not up.”

Gold and silver both finished with gains on the week.

There is some tremendous underlying strength in that sector that I think is going to manifest itself in a much bigger way in the weeks and months ahead.”

And Peter said it’s not too late to get in on this rotation.

This creates a dilemma for the Fed. It is about to embark on a monetary tightening campaign even as the economy and the markets are rolling over. That’s why the Fed has telegraphed this incremental tightening even though a more aggressive approach is warranted with 7% inflation. It doesn’t want to spook the markets. But they’ve already caused a selloff in the market simply by talking about raising rates. The same dynamic happened in 2018, but the Fed was actually able to raise rates a few times before the market broke.

But at this point, the bubble is now so big that the market breaks even before you raise rates. The market breaks just on the talk that in the future, the Fed may raise rates, which means they may never get around to doing it. Because, what’s going to happen in March, when everybody expects the Fed to raise rates if we’re in a bear market in stocks? If the economy is rolling over? Will the Fed raise rates? I doubt it. And in fact, what the Fed will say is they will claim that the weakness in the economy, the reverse wealth effect from falling stocks, the increase in unemployment, that will take care of the inflation problem.”

Well, they’re wrong.

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

LAWRIE WILLIAMS: Russia’s gold reserve ups and downs. What is the ulterior motive?

It is somewhat difficult to tell what movements of gold in and out of the Russian central bank’s forex reserves actually represent. In December, Russia added 100.000 ounces (3.1 tonnes) to its gold reserves, but this only served to compensate for a similarly-sized withdrawal from its reserve the previous month and brings the nation’s gold reserves back to 2,301 tonnes – the world’s 5th largest national official holding, assuming one believes the official Chinese total of 1, 948 tonnes. We are not alone, though, in suggesting China’s real gold holdings may be far higher, perhaps by thousands of tonnes and perhaps Russia too is hiding big gold reserve increases..

A recent podcast interview with Simon Hunt of Simon Hunt Strategic Services by Grant Williams exposed a view that China’s true gold reserve level is many thousands of tonnes higher than the officially stated figure. Hunt has a strong credibility in the financial sector. He was one of the original founders of the highy respected Brook Hunt consultancy, which still carries his name, although he is no longer involved. In particular his expertise and knowledge of China’s role in international markets is perhaps unparalleled given he spends three to four months a year in that country in discussions with many Chinese officials and business leaders.

Hunt not only casts doubt on the official Chinese gold reserve figures, but also on Russia’s reported figures. China and Russia are assessed to be the world’s two biggest gold producers by leading precious metals consultancy, Metals Focus, (although Australia might dispute Russia’s categorisation as the world No.2), so Hunt reckons there has been plenty of opportunity for both nations to build gold reserves surreptitiously from domestic sources and to hold this gold in unreported accounts separate from their officially reported foreign exchange holdings. Indeed China has an officially admitted track record of so doing, while Russia has somewhat muddied the transparency waters by allowing its National Wealth Fund to hold gold, without actually publishing details of the Fund’s holdings.

But back to Russia’s recent announcement that it has added 3.1 tonnes to its gold reserves. This is just one of several similar sized transactions in and out of its Forex reserves over the past year, all together amounting to a zero balance change in total. In this respect it is difficult to assess any reasoning behind the balance changes given that they seem to be pretty much irrelevant to the country’s overall position in the official global gold holding hierarchy. Its reserves, at least as officially stated, remain smaller than those of the U.S., Germany, Italy and France.

If, as Simon Hunt suggests, Russia and China both hold, or have access to, far more gold than the official reserve level suggests, then this could stand them in good stead, given the acceptance of gold as a key asset by the world’s financial elite should there be a reset of the global financial pecking order. Currently the U.S. is the dominant entity in this respect with the U.S. dollar remaining as the world’s principal reserve currency with perceived financial advantages in global trade as a result. China, in particular, and Russia, both seem keen to negate this ‘advantage’ and may be making their respective plays via gold holdings accordingly.

Meanwhile Russia’s small rises and falls in its announced official gold reserve position remain uncertain in their relevance, although there could be a hidden agenda in the country’s National Wealth Fund accumulations. Officially suggested policy is that this will be used to further reduce the U.S. dollar element in Russia’s forex reserves, with the share of euro assets in the fund expected to be around 40%, yuan 30% and gold 20% with the balance in Japanese yen and the UK pound sterling. Indeed Russian exposure to the U.S. dollar is thought now to be almost negligible.

22 Jan 2022

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

The Emirates are part of the new physical market at the LME.  This is the beginning of that market as they take on the lBMA .

(Ronan Manly)

Emirates take on LBMA with launch of UAE Good Delivery Standard for gold

Submitted by admin on Fri, 2022-01-21 19:19 Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Friday, January 21, 2022

In the ongoing tug of war between the gold trading centres of, on the one hand, the United Arab Emirates, and, on the other, the axis of London-Switzerland, the UAE has now thrown down the gauntlet with the launch of a UAE Good Delivery Standard for gold, a system that will go into effect in February.

This UAE Good Delivery Standard will be pretty much like the LBMA Gold Delivery Standard for gold and will govern which gold bars from which refiners will be acceptable for settlement and trading in the UAE market. 

Readers of BullionStar blogs will be familiar with the fact that UAE-Dubai and London-Switzerland have not been on the best of terms for quite some time, and that the Dubai / UAE gold industry, in the form of such personalities as Ahmed Sultan Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre, have not been afraid to push back against LBMA–Swiss interference. …

… For the remainder of the report:

https://www.bullionstar.com/blogs/ronan-manly/emirates-takes-on-lbma-with-launch-of-uae-good-delivery-standard-for-gold/

end

this should spur demand for gold in India. India is a gold loving nation

(Deccan Herald/Bengalore India/GATA)

Import duty on gold may be slashed in India’s budget

Submitted by admin on Fri, 2022-01-21 16:42 Section: Daily Dispatches

By Annapurna Singh
Deccan Herald, Bengalore, India
Friday, January 21, 2022

The government may reduce import duty on gold in the Union budget to curb the exponential rise in smuggling that has not only impacted the government’s tax revenues but also the export of gems and jewellery from the country. 

Though the import duty was cut to 7.5% in the last year’s budget from as high as 12.5%, the effective import duty on the yellow metal remains at 10.75% after the imposition of various cesses, surcharges and a 3% goods and services tax. It is expected that the government may cut it to 4% from 7.5%.

end

We have seen the Indian government try this scheme over and over again but to no avail.

The Indians are just too smart.  They only want physical gold and there are not interested in a gold savings account

Times of India/GATA

India plans ‘gold savings accounts’ to reduce demand for real metal — and thus its price

Submitted by admin on Sat, 2022-01-22 10:39 Section: Daily Dispatches

How stupid does the government think its people are? Comprehensively stupid.

* * *

Gold Savings Accounts Likely to Check Widening Current Account Deficit

By Sutanuka Ghosal
The Times of India, Mumbai
Saturday, January 22, 2022

https://economictimes.indiatimes.com/news/economy/finance/gold-savings-accounts-likely-to-check-widening-current-account-deficit/articleshow/89054048.cms

The government may announce gold savings accounts in the upcoming Budget as a means to discourage the purchase of the metal in its physical form, as it seeks to put a check on widening current account deficit, banking and trade sources said.

Customers can open such gold accounts in banks and put in money on a regular basis, the sources said. They can withdraw the deposit at the prevailing gold price at any time, they said. This is expected to reduce the demand for physical gold as an investment.

It is likely that the gold savings will also get interest, just like the sovereign gold bond. The yearly interest on the sovereign gold bond is 2.5%. The government may also come up with a regulatory framework for digital gold.

India meets most of its annual requirement of 800-850 tonnes through imports. Gold imports, which have a bearing on the current account deficit, more than doubled to $38 billion in April-December this fiscal year.

Bankers have discussed the matter with the government, the sources said.

* *

the rhetoric that bitcoin is digital gold is falling apart. 

Kinesis gold is backed by real gold and silver

(Bloomberg/GATA)

The case for ‘digital gold’ unravels as bitcoin’s plunge deepens

Submitted by admin on Fri, 2022-01-21 19:35 Section: Daily Dispatches

By Akayla Gardner
Bloomberg News
Friday, January 21, 2021

The argument Bitcoin is a form of “digital gold” is falling apart.

As the largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold. 

Cryptocurrencies have plunged alongside equities in a rocky start to the year amid tighter-than-expected monetary policy, whereas gold — often heralded as a store of value and an inflation hedge — has steadily traded upward this month at 0.3%

Gold tends to be a low-volatility instrument, according to Steve Sosnick, chief strategist at Interactive Brokers LLC. Meanwhile, cryptocurrencies continue to demonstrate unpredictable price swings. Bitcoin has declined 17% since the start of January.

“If your premise is that you want to be buying something as a hedge against distress, boring is great,” Sosnick said by phone. “Right now I’d argue that gold year-to-date is one of your best performing assets.” …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2022-01-21/the-case-for-digital-gold-unravels-as-bitcoin-s-plunge-deepens

* * *

4.OTHER GOLD COMMENTARIES

END

5.OTHER COMMODITIES/

Steve Brown on the Fed taparing. What will happen!!

Steve Brown 

A Wall Street Taper Tantrum? Will it Last?

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The Fed’s jargon defines tapering as a “reduction in the pace of the Fed’s security purchases” Link: https://www.stlouisfed.org/open-vault/2021/november/what-fed-tapering-means . What tapering really means is that the Fed is reducing the amount of cash it injects into the “economy” on a monthly basis… in reality, injected into Wall Street.

Fed propaganda says the Federal Reserve purchases only certain securities from the Treasury for its cash injections, but as documented by Pam and Russ Martens on their excellent website, it can be shown that the Fed does much more than benignly collude with its private dealers to support the “economy” (read: stock market)Link: https://wallstreetonparade.com/2020/03/the-dark-secrets-in-the-feds-last-wall-street-bailout-are-getting-a-devious-makeover/ . In other words, the Fed ensures that its primary dealers stay in business, and its privately held banks must stay afloat, too.

No need for a lengthy narrative on how the Fed and its dealers game the Treasury market. Plenty has already been written about that. Bottom line is that there are a number of instruments, bills, notes and bonds (and their variants) that the “bond market” consists of, and the Fed itself (with collusion of its dealers) has been the primary buyer and seller in that market.

Wall Street and its “economists” define, by their own obfuscated jargon, a taper tantrum as being a spike in short term bond yields when the Fed threatens to tighten monetary policy (increase interest rates). Usually bond bagholders bail when Fed fund rates rise, and the Fed is forced to (almost) entirely support the T-bill/notes market when primary dealers rebel. Again, BlackRock, Vanguard, StateStreet, etc. are primary players in the bond market via the Fed’s primary dealer banks, of which BlackRock, Vanguard, StateStreet, etc. are the major holders. More on that later.

But as usual ‘economists’ define “taper tantrum” Link: https://www.nasdaq.com/articles/blackrocks-fink-sees-flattening-yield-curve-amid-bond-tantrum-echoes only in the rarified atmosphere and vacuum of reality called Wall Street, hoping their lofty economist lingo will confuse plebs so they’ll never get what’s truly going on.

Recall that Vanguard Group and its henchmen represents the major holding of all US stock major market issues, and is the major holder of the Fed’s own primary dealer banks. One market example is Google, but there are many many more, too numerous to list here.Vanguard – Google example ownership

In what should be a conflict of interest, the Fed funds Vanguard Group and its henchmen, keeping them fat and happy, in a governmental*/private collusion that has prevented US share markets from cratering for any length of time, in recent years.

So, instead of the economist’s version of the taper tantrum jargon, consider what’s happening now in the markets, where Vanguard Group and their peers posture for what’s next. The leading lights don’t connect the current downturn in the Dow with a taper tantrum, but the decline in the Russell 2000 has been more pronounced: Link: https://www.google.com/finance/quote/RUT:INDEXRUSSELL?window=6M and to some extent the SPX, ever since the Fed began reducing its cash injections into the economy. The result? Fed-Treasury hopes for a controlled burn in the markets, reducing the froth, with some tangential effect of curbing higher inflation.

But there is a greater element at work. As written about before, the United States produces very little that is real, beside food and military products. Most all US consumer goods are produced elsewhere, primarily in China. And while China’s economy has thrived by being the workshop for the world, the United States has been forced by Wall Street into general industrial decline. Bottom line, because the US has no real growth stocks based on anything real, the US must base its economy on the unreality of FAANG stocks, meme stocks, and all that Vanguard and BlackRock own…. including bitcoin issues.

The FAANG and meme stocks (made of air) may be one thing, with FinTech crypto shares entirely another. The big decline in Vanguard’s FinTech-related shares ARKK, RIOT, MARA, GBTC, MSTR etc is of interest because Vanguard has huge capital interest – and is the primary holder – in all of the foregoing issues, including major ownership of nearly all major US Wall Street issues. So, we can write that Vanguard Group and BlackRock not only hold a primary proportion of all major US publicly-traded corporations, they also sponsor/promote the highly speculative FinTech and crypto-related share issues.

The big decline in Vanguard’s ARKK, RIOT, MARA, GBTC, MSTR etc shares may not be the result of a Vanguard ‘taper tantrum’, but an actual structural shift in how the Federal Reserve itself views/supports Wall Street’s promotion of bitcoin and the FinTech industry. And that, of course, is the outcome every laser-eyed ape must fear. In brief, the potential for sanctions evasion, F U money, environmental harm, and just the basic lie about currencies being currencies that are not currenciesbut instead rampant speculation, may have caused even the crooked Fed-Treasury – and its partner in crime Vanguard Group – to stop and ponder. **

Of course bitcoin will not fail.*** Bitcoin, ethereum, etc are just too useful as black hole vehicles for stashing inflationary fiat. But rather than a taper tantrum, it appears that the Fed and its henchmen are now taking stock of what’s next for FinTech, causing a pause in the mania.

As always, Novus Confidential must ask about the elephant in the room. If there is no rebound in bitcoin and FinTech…. where will those many hundreds of fiat billions get laundered to? Certainly not into gold or silver, which in their real form challenge the supreme status of the dollar US. Plus, gold and silver are heavily gamed/manipulated by the CMELBMABIS and Fed itself. Also, those many liquidated FinTech billions may not be allowed into commodities, because that’s highly inflationary. Speculation exists that those billions will regurgitate into “value shares” … but truly, what are the ‘value stocks’ and how to define them? Isn’t it the Vanguard Group that defines everything? In collusion with the Fed, of course! And there is not much of value domestic to the US, except production of military hardware and giant agra.

We may accept that the present minor decline in the Dow and more significant decline overall is not a taper tantrum but something more like a controlled burn. But even so, the Vanguard Group-Fed need to figure out where to stash those hundreds of liquidated billions… and quickly. Since 2008-2009 the Fed by its conspirators (Vanguard BlackRock etc) has truly taken overall control with regard to US share markets. And recall, the Fed has only “reduced the pace” of its cash injections.

So the ultimate question: What message is the Fed sending with this controlled burn? A message to itself?? Hoping for reduced inflation while carefully manicuring any spike in bond yields? And why the emphasis on hammering the most speculative sector (FinTech) that the US needs to maintain its illusory market dominance going forward?

Perhaps the greater question is whether the Fed and its henchmen – like Vanguard – even understand their own message, or the danger their criminality has engendered since the financial collapse of 2008-2009.

For now, only confusion reigns.

*government only when considering that the private Fed operates at the behest of the Treasury (supposedly)

** Russia, Singapore, India, and China have already, or are in process, of declaring bitcoin an illegal speculative pyramid scheme, unable to transact in their countries

***Another contrarian view: bitcoin will fail when the USd as global reserve currency is eventually usurped. (for another time)

Steve Brown

attendum:

Recent post and commentary

Inbox

Steve Bruce1:12 PM (14 minutes ago)
to me, Chris, chris

US Dow 30 is down about 1000 points today which shows a little more structural weakness than just the SPX/Russell 2000 being down.  At this point, ie right now at this moment, the ESF (Exchange Stabilization Fund) is stepping in to support US share markets.  

IMO the Fed will not reduce “tapering”.  To reduce tapering means the Fed will have to ramp up cash injections to its dealers and Vanguard, BlackRock etc again, which would be a reversal in Fed policy.  

Since Vanguard, BlackRock etc are aware and participate in the overall direction of  Fed policy, it seems something more is at work. If this is a move to curb inflationary trends, the Fed will have to long-term liquidate & extinguish many hundreds of billions in market fiat, and as always, the question is where will that extinguished/sterilized fiat go?  Years ago when Ron Paul asked Ben Bernanke how the Fed sterilizes/exterminates liquidated market $$, Bernanke only answered, “The Fed has ways of doing that”.    

So it does seem that there is some other mechanism at work here (in the market correction) than just a “taper tantrum”  and not yet understood or revealed to the public.

Meanwhile here is my latest on The Duran:
https://theduran.com/a-wall-street-taper-tantrum-will-it-last/
regards, steve

end

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

ONSHORE YUAN: CLOSED UP AT 6.3277

OFFSHORE YUAN: 6.3216

HANG SANG CLOSED DOWN 309.09 PTS OR 1.24%

2. Nikkei closed DOWN 250.67 PTS OR 0.90%

3. Europe stocks  ALL RED   

USA dollar INDEX UP TO  96.00/Euro FALLS TO 1.1299-

3b Japan 10 YR bond yield: RISES TO. +.139/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 113.83/ 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:: 84.97 and Brent: 87.64-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.0.084%/Italian 10 Yr bond yield FALLS to 1.27% /SPAIN 10 YR BOND YIELD FALLS TO 0.62%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.35: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.62

3k Gold at $1835.00 silver at: 23.78   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble;// Russian rouble DOWN 180/100 in roubles/dollar AT 79.39

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 113.93 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 .9138– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0322 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: 1.740 DOWN 2 BASIS PTS

USA 30 YR BOND YIELD: 2.061 DOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.42

Futures Tumble On Rising Fed Fears, Geopolitical Tensions

 MONDAY, JAN 24, 2022 – 07:50 AM

US stock index futures erased early overnight gains and turned negative, dimming hopes for a rebound after one of the worst stretches for global markets last week since the pandemic began, as investors prepared for the upcoming Federal Reserve policy meeting and as the prospect of a war between Russia and Ukraine quashed demand for riskier assets such as bitcoin, and bolstered the dollar and oil. Nasdaq 100 futures declined 0.7% after rising as much as 1.1%. Those on the S&P 500 dropped 17 points or 0.4% while the Dow Jones dropped 0.3%. Elsewhere, the Stoxx Europe 600 fell 2% with travel and leisure as well as technology stocks leading declines. The dollar rose, bond yields dropped and oil was unchanged.

The Fed starts its two-day meeting on Tuesday and is expected to signal the first rate hike since 2018, paving the way for a March increase to fight raging inflation. Those bets have been adding pressure on stocks, which tumbled last week. Meanwhile, tensions are rising over Ukraine between Russia and the U.S. as well as its allies. The US ordered family members of the Kiev embassy to evacuate after a NYT report that Joe Biden may deploy thousands of troops to Eastern Europe. NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets in response to Russia’s military build-up at Ukraine’s borders. Russia’s benchmark stock index tumbled as much as 6.8%, while the Swiss franc rose to the highest level against the euro in more than six years as investors sought havens.

“Since we are coming off market highs and with higher rates on the horizon, investors are choosing to stand on the sidelines,” said Sharif Farha, a portfolio manager at Safehouse Capital. “I would imagine that in order to bring back some momentum we either need to see strong earnings this quarter or we need some sort of dovish rhetoric from the Fed.”

In U.S. premarket trading, Kohl’s rose as the department-store retailer fields interest from two suitors at the same time as it grapples with multiple activist investors pressuring it to sell. Peloton shares also gained 2.9% following a report that the fitness firm is set to face calls from an activist investor to fire its CEO and pursue a sale. Meanwhile, cryptocurrency-exposed stocks tumbled after massive declines across digital tokens last week. Riot Blockchain (RIOT US) -9.6%, Marathon Digital (MARA US) -9.6%, Bit Digital (BTBT US)  -6%. Some other notable developments overnight:

  • Large tech stocks decline in premarket trading, with the Nasdaq 100 futures pointing to another negative open. Apple (AAPL US) is down -0.7%, Tesla (TSLA US -2.8%).
  • Arista Networks (ANET US) upgraded to buy from neutral at Citi following more than 17% YTD pullback in the shares through Friday, and with several positive catalysts in the near term. Stock up 1.6% in premarket trading.
  • Opko Health (OPK US) shares slump 12% in U.S. premarket trading, while Pfizer falls 3.2%, after the companies said the U.S. FDA issued a Complete Response Letter (CRL) for the Biologics License Application for somatrogon.

On Wednesday, the Fed is expected to signal a March hike in interest rates and balance-sheet reduction later this year to help fight inflation. Ebbing stimulus is forcing a rethink about the economic and market outlook. As reported yesterday, Goldman economists said they see a risk the Fed will tighten monetary policy more aggressively this year than the Wall Street bank now anticipates.

There is “likely a longer term rotation toward value stocks measured in quarters, not weeks” unfolding, Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, wrote in a note. “Investors should retain a balanced view, staying patient in committing new capital to equities.”

In Europe, the Euro Stoxx 600 fell 2.1% to its lowest since Dec. 20 and was on track for the biggest two-day slump since June. Indexes in London, Paris and Frankfurt all were down between 1% and 2%. Travel is the weakest Stoxx 600 sector, dropping over 4.5%; only personal care and telecom in green. Tech is among the worst-hit sectors in Europe with the Stoxx Tech Index falling to its lowest level since July 2021 as investors continue a rotation out of pricey stocks ahead of this week’s Fed policy meeting. The subindex falls as much as 4.1%, among the biggest decliners in the Stoxx 600 index (-2.4%). Darktrace shares plunge as much as 10%, while ASML drops as much as 5.4%, OVH -6% and Wise -6.8%.

Earlier in the session, Asian stocks headed for their lowest close in about a month, amid expectations that the Federal Reserve will signal at a meeting Wednesday that it will kick off monetary tightening in March.  The MSCI Asia Pacific Index lost as much as 1%, set for the seventh day of declines in eight sessions. Consumer discretionary and financials sectors contributed the most to the slide, with Alibaba Group and Tencent Holdings among the biggest drags. India and Vietnam were the day’s worst performers.  “It’s because of the possibility of seeing a more hawkish-than-expected outcome,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo, referring to the Fed meeting. “It’s hard for investors to buy tech and growth stocks while the market remains wary over the FOMC meeting, earnings and the U.S. PMI data.” Major benchmarks in Asia are approaching new milestones following recent declines. Japan’s Topix Index is hovering near, while New Zealand has entered, technical correction territory on Monday. Measures for mainland China and South Korea are close to entering a bear market.  “If there is any dovish surprise from the Fed, we expect stocks in general to see a relief rally as technical indicators do suggest already cautious positioning,” Nomura strategists including Chetan Seth wrote in a note. “The Fed normalization theme appears quite well entrenched now.” 

Japanese equities rose, erasing a morning drop as investors looked toward the Federal Reserve’s monetary policy meeting this week. Banks were the biggest boost to the Topix, which gained 0.1%. Electronics makers dropped. The benchmark swung from a morning loss of as much as 1.2% — flirting with a correction for a second day — to an afternoon gain of as much as 0.3%. Tokyo Electron and Fast Retailing were the largest contributors to a 0.2% advance in the Nikkei 225, which also wiped out a 1.2% decline. The yen was slightly weaker after strengthening 0.4% against the dollar Friday. Futures on the Nasdaq 100 climbed as much as 1.1% in Asian trading hours. “Technicals show that Japanese stocks have been oversold, meaning even if there’s temporarily more selling in them, share prices are no longer likely to fall much,” said Masahiko Sato, an equity market analyst at Nomura Securities.

India’s benchmark index headed for its longest streak of losses since March, leading declines in Asia as investors braced for a looming U.S. interest rate hike.   The S&P BSE Sensex fell 2.4% to 57,594.68 as of 1:37 p.m. in Mumbai, on course for its 5th day of decline, with all sub-sectors in the red. The NSE Nifty 50 Index slid by a similar magnitude. A gauge of small cap companies was on track for its biggest decline since mid-April. The weakness in Indian stocks is in line with a broader selloff in Asian equities amid concerns over the Federal Reserve’s upcoming tightening. The U.S. central bank is expected to signal a March rate liftoff and balance-sheet reduction later this year at this week’s meeting.  “Rising crude oil prices, soaring inflation concerns and the growing possibility of Fed’s rate action being priced in the bond market have triggered selling by foreign institutional investors,” said Yesha Shah, head of research at Samco Securities Ltd. “Investors will remain on the sidelines for the outcome of the Fed’s meeting this week.”

In rates, Treasuries curve were flatter with long-end yields richer by at least 2bp while front-end of the curve continues to lag ahead of Wednesday’s Fed policy decision and auction cycle beginning with 2-year note sale at 1pm ET. Five-and 7-year auctions follow later this week. U.S. 10-year yields around 1.73%, down 2.5bp vs Friday’s close, lag gilts slightly while keeping pace with bunds; with front-end lagging, 2s10s spread approached 70bp, lowest since December 2020, while 5s30s breached 50bp. U.S. Treasury auctions cycle comprises $54b 2-year note, $55b 5-year note Tuesday and $53b 7-year notes Thursday. WI 2-year yield at ~1.050% is higher than auction stops since February 2020 and ~28bp cheaper than last month’s, which tailed by 0.6bp. IG dollar issuance slate expected to be moderate this week, with desks calling for around $20b as more companies emerge from earnings blackout periods.

In FX, the Bloomberg Dollar Spot Index advanced as the greenback traded higher against most of its Group-of-10 peers and the Treasury curve bull flattened, with the shorter tenors staying little changed.The yen reversed an earlier decline and the Swiss franc rose to the highest level against the euro in more than six years Monday, as concern over a possible military confrontation in Ukraine supported demand for haven currencies. The euro slipped against the dollar while European sovereign bonds advanced, outperforming Treasuries. Italian bonds lead peripheral outperformance over euro-area peers as Prime Minister Mario Draghi seals top spot among contenders in presidential elections that begin Monday. Bunds also advanced amid haven buying as stocks slide. Euro-area economic activity increased at its slowest pace in almost a year as infections of the coronavirus’s omicron strain ripped through the services industry, according to a survey of purchasing managers by IHS Markit. The Australian dollar declined ahead of data on Tuesday that’s forecast to show inflation quickened in the fourth quarter. Australian bond yields are primed to set new highs as bets that the central bank will scrap quantitative easing reach a crescendo ahead of a pivotal inflation report.

In commodities, crude futures drift of Asia’s best levels. WTI gives back Asia’s gains, dipping into the red back, briefly back below $85. Brent finds support near $87.50. Spot gold adds $4 near $1,840/oz. Base metals trade poorly with risk assets broadly offered. LME nickel drops ~4% lagging peers

On the calendar today, we have the January flash manufacturing, services and composite PMIs from Japan, France, Germany, Euro Area, UK and US, US December Chicago Fed national activity index. IBM reports earnings.

Market Snapshot

  • S&P 500 futures up 0.3% to 4,402.00
  • MXAP down 0.7% to 190.48
  • MXAPJ down 1.1% to 622.96
  • Nikkei up 0.2% to 27,588.37
  • Topix up 0.1% to 1,929.87
  • Hang Seng Index down 1.2% to 24,656.46
  • Shanghai Composite little changed at 3,524.11
  • Sensex down 2.7% to 57,441.98
  • Australia S&P/ASX 200 down 0.5% to 7,139.55
  • Kospi down 1.5% to 2,792.00
  • STOXX Europe 600 down 1.4% to 467.84
  • German 10Y yield little changed at -0.10%
  • Euro little changed at $1.1334
  • Brent Futures up 0.3% to $88.11/bbl
  • Gold spot up 0.4% to $1,842.66
  • U.S. Dollar Index little changed at 95.70

Top Overnight News from Bloomberg

  • European Union foreign ministers will discuss Ukraine with U.S. Secretary of State Antony Blinken Monday after Washington ordered family members at its embassy in Kyiv to leave due to the “threat of Russian military action”
  • The European Union has a lot more to lose than the U.S. from conflict with Russia, explaining why the western allies are finding it hard to agree on a tough stance in the Ukraine standoff
  • The ECB will need to normalize policy gradually to avoid hurting growth while not acting too late, Bank of France Governor Francois Villeroy de Galhau tells Europe 1 radio in an interview Monday
  • Inflation hawks are about to get what they want from the Federal Reserve – – which means emerging markets are about to get what they’ve traditionally feared. The prospect of higher U.S. interest rates, which the Fed is promising to deliver this year and next, has typically been a recipe for trouble in developing economies, especially when it results in a stronger dollar
  • U.K. services firms increased their prices aggressively in January in an attempt to cover rising raw material costs, wages and energy bills, according to a survey of purchasing managers.
  • China posted strong foreign exchange inflows last year, thanks to record exports and high returns on domestic assets, helping to underpin the yuan’s rally
  • Turkish Finance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40% in the months ahead and not to surpass 50% this year, according to people who attended
  • Central banks in some of Africa’s biggest economies will likely look past high inflation and U.S. policy tightening and hold interest rates over the coming weeks to shore up their recoveries from the Covid-19 stasis

A more detailed look at global markets courtesy of Newsquawk

In Asian trade, markets were mostly lower after the worst weekly performance on Wall St since the start of the pandemic. ASX 200 (-0.5%) was pressured by losses in mining names and following weaker production by South32. Nikkei 225 (+0.2%) initially fell as more areas sought virus measures but gradually recovered on JPY outflows. Hang Seng (-1.2%) and Shanghai Comp. (+0.1%) were somewhat varied with large tech selling in Hong Kong although the mainland was cushioned after a PBoC liquidity injection and 14-day reverse repo rate cut.

Top Asian News

  • Asia Stocks Drop to 1-Month Low as Investors Await Fed Meeting
  • Panasonic to Start Producing New Tesla Batteries in 2023: Nikkei
  • Beijing Tests Shoppers Buying Fever Drugs to Root Out Covid
  • Singapore and Indonesia Form Travel Bubble to Spur Economies

In Europe, the Stoxx 600 -2.3% on the session, as sentiment continues to deteriorate following a softer open/APAC handover. Pressure that has seen the NQ flip from the US outperformer to the underperformer, -0.5% In Europe, sectors are all in the red with Telecom the relative outperformer on stock specifics while Travel & Tech names post notable losses.

Top European News

  • European Power Prices Jump on Low Wind, Rising Russia Tension
  • U.K.’s Johnson Faces Week That Defines His Political Future
  • U.K. Services Firms Hike Prices as Material Costs, Wages Climb
  • Goldman Says Russia Conflict Could Curb Gas Flows Indefinitely

In FX, the dollar was firmer as longs pare back from over extended long base ahead of the Fed and GS flags risks of the FOMC hiking at each meeting this year kicking off in March. Yen and Franc outperform on safe haven grounds. Euro and Pound hampered by mixed to soft preliminary PMIs. Rouble is rattled by heightened concerns about Russia rift with the West over Ukraine. Aussie undermined by mostly contractionary flash PMIs. Yuan goes from strength to strength after PBoC cuts 14 day reverse repo rate, adds more liquidity and  sets a firmer CNY midpoint rate.

In commodities, crude benchmarks are softer this morning, albeit, they remain a similar magnitude above overnight lows. Downside in the space comes amid the intensification of pressure seen in Equities this morning; eroding geopolitical driven upside that was in-play overnight. Spot gold and silver are diverging modestly with the yellow metal bid on the risk tone, while silver has continued to dip since it briefly surpassed the 200-DMA at USD 24.59/oz on the 20th. Iraq’s Ministry of Electricity announces the suspension of the Iranian electricity and gas line, via Sky News Arabia. Russia’s Norilsk Nickel reiterates FY 2022 production guidance; Oktyarbsky and Taimysky mines and the Norilsk concentrator have recovered and are operating at full capacity.

US Event Calendar

  • 8:30am: Dec. Chicago Fed Nat Activity Index, prior 0.37
  • 9:45am: Jan. Markit US Manufacturing PMI, est. 56.6, prior 57.7
  • 9:45am: Jan. Markit US Composite PMI, prior 57.0
  • 9:45am: Jan. Markit US Services PMI, est. 54.8, prior 57.6

DB’s Jim Reid concludes the overnight wrap

Given the tough last week for the markets (which we review in the second half of this morning’s edition), this week brings a fascinating double header. Not only do we have the FOMC on Wednesday but we have some notable tech earnings in the form of Apple (Thursday), Tesla (Wednesday) and Microsoft (Tuesday). So plenty of scope for market moving info. Netflix was down -21.8% on Friday taking it to around -34% for the year. The slower than expected subscriber numbers were too blame. I would say to balance this that the new series of Ozark that was released over the weekend was very good!

Asian markets have started the week softer but this is a catch up to Friday’s bad DM session with US equity futures now back up. The Kospi (-1.41%), Hang Seng (-0.92%) and Nikkei (-0.16%) are all down. Elsewhere, the Shanghai Composite (+0.20%) and CSI (+0.38%) are mildly higher after the PBOC delivered another rate cut, with the 14-day reverse repo lowered by 10bps to +2.25% ahead of the Lunar New Year holidays which begin on 31 Jan. Futures on the S&P 500 (+0.70%), Nasdaq (+0.75%) and Dow Jones (+0.66%) are all trading up.

Elsewhere this week, we’ll get a first look at how the global economy has fared into the new year (and with Omicron) with the release of the January flash PMIs today. Japan’s Jibun Bank manufacturing PMI edged up to +54.6 overnight, the highest in at least three years from +54.3 in December. However, the survey also showed that the nation’s service sector activity contracted in January for the first time in four months, from +46.6 versus +52.1 in December, as Omicron hit. Returning to the week ahead we’ll also look back a bit with the Q4 GDP releases from the US (Thursday), France and Germany (both Friday) as well. Keep an eye out for the initial jobless claims from the US as well, since they’ve deteriorated in recent weeks and that’s one of the most timely indicators we get on the state of the labour market there. The weakness is likely Omicron related and given its on the retreat again this may be temporary. There’ll also be plenty of political developments to look out for as well, including the Italian Presidential election. Geopolitics doesn’t always impact markets even if they feel very tense and fraught. However the current Russia/Ukraine situation does seem to be adding to the risk off at the moment and merits close attention. I won’t pretend I know how it’s going to pan out.

As discussed at the top, the main market highlight this week will be the Federal Reserve’s first monetary policy decision of the year on Wednesday, along with Fed Chair Powell’s subsequent press conference. According to our economists, this January meeting is set to be the last before they kick off that hiking cycle, with lift-off set to commence in March as part of the first of 4 hikes this year. However, they’ve also argued (link here) that there’s a tail risk of an even bigger hawkish surprise over the months ahead, with the possibility that the Fed raises rates in March and then goes onto raise rates 6 or 7 times this year. So maybe the calm before the storm. Also watch out to see if the committee want to outline more of their current QT plans. The Q&A could be a popcorn moment for the markets with plenty of questions likely on inflation, the Fed’s hiking path, financial conditions and QT amongst other things.

On the earnings side, the season really ramps up this week, with a number of US Tech companies reporting in particular. In total, we’ve got 106 companies in the S&P 500, along with a further 46 in the STOXX 600 so there’s plenty to look out for. Among the highlights are IBM today. Then tomorrow we’ll hear from Microsoft, Johnson & Johnson, Verizon Communications, NextEra Energy, Texas Instruments, American Express, General Electric and Moderna. On Wednesday, releases will include Tesla, Abbott Laboratories, Intel, AT&T and Boeing. Thursday then sees reports from Apple, Visa, LVMH, Mastercard, Comcast, Danaher, McDonald’s, SAP, UniCredit and Samsung Electronics. Finally on Friday, we’ll hear from Chevron and Caterpillar.

Turning to the political scene, there are a number of events expected this week. First, there’s the Italian Presidential election, with the Italian parliament and regional delegates set to start voting today. Our European economists have produced a guide to this election (link here), and if a president is not elected in the first round of voting, another vote will take place tomorrow, with a vote normally taking place each day until a President has been selected. As they note in the Q&A, since the approval of the Constitution in 1948, it’s taken 9 votes on average over 6 days to elect the President. In the first three rounds, a two-thirds majority is required, but from the fourth round only an absolute majority is needed.

Otherwise, there’ll be a lot of attention on the UK this week, where it’s expected that the long-awaited report by the civil servant Sue Gray will be released looking at allegations of parties having taken place in Downing Street during the pandemic. There isn’t a confirmed date for this yet, but it’s expected to arrive some time this week. Against this backdrop, there has been growing speculation that a vote of no confidence could be called in Prime Minister Johnson’s leadership of the Conservative Party, which will take place if 15% of Conservative MPs submit a letter of no confidence. Some Conservative MPs have already said publicly that they have submitted a letter, and if a vote then took place, it would be a secret ballot among Conservative MPs where a simple majority would then be required to remove Johnson as leader. Brexit will also remain in the headlines, as EU Commission Vice President Maroš Šefčovič will be meeting again with UK Foreign Secretary Liz Truss on Monday regarding the Northern Ireland Protocol. Finally in the UK, there’ll be a further easing of Covid-19 restrictions in England, as from Thursday there will be an end to the requirement for Covid passes at large events, and face coverings will no longer be legally required in any setting.

Elsewhere tomorrow, the IMF will be releasing their latest forecasts for economic growth around the world, with their World Economic Outlook update. These normally generate a few headlines.

Looking back, it was a tough last week for markets. After showing a semblance of stability on most days, the S&P 500 index wound up declining late on many days which helped push the index -5.68% lower on the week (-1.89% Friday). The index fell every day of the holiday-shortened week, and every major sector was lower. This marks the third consecutive weekly decline for the S&P, a feat last accomplished in September 2020. Tech shares were among the worst performing, which drove the NASDAQ down -7.55% this week (-2.72% Friday), bringing it -14.25% below its all-time high, firmly within correction territory. The Vix index of volatility increased +9.9pts (+3.5pts) over the week to 29.1, just below the highs reached on the initial Omicron outbreak.

Staying on the theme of high octane pandemic winners turning down, Bitcoin fell -15.19% on the week, a substantial -11.21% on Friday, and is now down -48.29% from the all time highs.

After faring better than US stocks most of the week, European stocks turned for the worst on Friday, with the STOXX 600 declining -1.84%, bringing its weekly return to -1.40%. The DAX and CAC met a similar fate, declining -1.94% and -1.75% Friday, respectively, and dropping -1.76% and -1.04% over the week.

Nominal sovereign yields were a bit more calm but did rally hard after 10yr treasury yields touched multi-year highs of 1.90% intraweek. They ending the week -2.4bps lower (-4.4bps Friday) at 1.76%. Though the real story in yields remains the continued march higher in real yields, with real 10yr yields increasing +9.6bps over the week (+1.9bps Friday) on the anticipated tightening of monetary policy and financial conditions. The climb in real yields has undoubtedly been a big driver of equity weakness.

In Europe, sovereign yields didn’t see the same ranges. 10yr bunds fell -1.9bps (-4.1bps Friday) to -0.065% after touching +0.02% midweek. 10yr gilts increased +2.1bps over the week even after falling -5.4bps Friday. The curve flattening in the UK proved more interesting, with 2yr gilts climbing +8.6bps (-1.7bps Friday), as tighter rate policy at the BoE was priced in following the highest UK CPI readings since 1992. The probability of a rate hike coming at the February MPC climbed to 92%.

Staying with fixed income, credit has proved to be a lot more resilient relative to equities, Friday did see spreads finally start to “catch up” though. HY spreads were +19bps wider in USD and +7bps wider in EUR. IG spreads were also +3bps wider in USD and +1bp wider in EUR. In terms of what that means YTD, USD HY is +19bps wider and IG +5bps with Friday accounting for all of the widening in HY and most of it in IG. In the EUR market, HY is +10bps wider and +3bps wider in IG.

Higher rates weren’t the only driver of poor equity prices last week. The first full week of fourth-quarter earnings in the US drew heavy representation from the financial sector. Financial results were mixed, but a common theme was a retreat in FICC trading profits while many companies reported rising cost pressures. As already discussed Netflix’s results didn’t help alongside Peleton’s publicly discussed difficulties (-24.3% YTD).

Finally Oil ended the week off the highs last seen in 2014 on Wednesday, but Brent was still +2.13% on week.

3. ASIAN AFFAIRS

i)MONDAY MORNING// SUNDAY  NIGHT

SHANGHAI CLOSED UP 1.59 PTS OR 0.04%      //Hang Sang CLOSED DOWN 309.09 PTS OR 1.24% /The Nikkei closed UP 66.11 PTS OR 0.24%      //Australia’s all ordinaires CLOSED DOWN 0.65%  /Chinese yuan (ONSHORE) closed UP 6.3277    /Oil UP TO 84.99 dollars per barrel for WTI and UP TO 87.64 for Brent. Stocks in Europe OPENED  ALL RED      //  ONSHORE YUAN CLOSED UP  AGAINST THE DOLLAR AT 6.3277. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3316: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

3B JAPAN

end

3c CHINA

CHINA/TAIWANThis should have causes gold/silver to go ballistic:  China launches the biggest raid on Taiwanese airspace(zerohedge)

China Launches Biggest Raid On Taiwanese Airspace Since October As CCP’s Pacific Perimeter Expands

 MONDAY, JAN 24, 2022 – 08:43 AM

Taiwan’s airspace was once again buzzing with activity this weekend as Beijing decided to add to the general feeling of worsening geopolitical tension by staging the largest incursion into the rogue island’s airspace since October.

Sunday’s incursion included 39 warplanes, mostly advanced fighter jets, the largest number in a single day since China dispatched 56 bombers and fighters and spay planes into the ADIZ on Oct. 4.Source: AP

And it happened amid reports (and complaints from the Taiwanese) about an expansion in the PLA-Navy’s presence in the Pacific. Apparently, their naval perimeter has expanded even further toward southern Japan and eastern Taiwan.

According to the FT, for at least six months, the Chinese have rotated destroyers and other warships and transport ships through the waters east and south of the southermost tip of the Ryuku chain (which are referred to as the Nansei islands by Tokyo). The FT cited officials from “Taiwan, Japan and the US” in its report.

One US defense official who spoke to the FT said that the increase in the PLA’s waterborne presence between the Nansei and Taiwan has happened mostly over the past year. He said it now had a consistent presence of one warship in the area that was often accompanied by a second warship.Source: FT

Beijing views the ability to operate freely in the waters as key to its naval strength. Military analysts see the western Pacific as the main location for a potential clash between the US and China if Beijing attacked Taiwan.

Both Taiwanese and Japanese defense analysts insisted that the PLA’s movements make one thing clear: China is planning for a potential future war over Taiwan as President Xi prepares to make his dreams of Chinese “reunification” a reality perhaps before the end of his current five-year term.

And it wants to make sure that when it decides to invade the island, that it has a large enough buffer in the Pacific to stop any foreign interference, which probably isn’t a terrible idea given America’s treaty obligation to intervene in such circumstances.

As another analyst pointed out, a few years ago, reports about Beijing’s aggressive naval posture in the Pacific focused on the Senkaku islands in the East China Sea, once the most strategically-contested piece of barren rock in the Pacific. Now that Beijing has transformed Senkaku into what Steve Bannon once described as a “immovable aircraft carriers”.

“In the past, one narrow interpretation of Chinese naval movements in this area was that they were mainly a concern regarding the Senkaku,” said one person briefed on talks between the US and Japan, referring to the islands China also claims and calls Diaoyu. “But it is becoming much clearer that the risk is to the Nansei Islands and to Taiwan.”

The expansion on the part of the Chinese has reportedly already gotten the US and Japan talking about preparing a force of US marines armed with “advanced mobile rocket launchers” to counter any further expansion by Beijing – using force, if necessary.

As Taiwan continues to prepare for what seems like an increasingly inevitable Chinese invasion, one senior defense official told the FT that they had worked out an efficient strategy of “battlespace management”.

The High Mobility Artillery Rocket System would put Chinese ships operating near the Nansei islands at risk. “This plan is one of several components of our discussions around joint operational planning for such a contingency,” said another person briefed on the matter. “Chinese forces would want a quick, decisive victory,” said a former senior Taiwanese military official. “For that they need to destroy our fighters and warships in the east which we would evacuate there.”

Taiwan’s war plans envision sailing its fleet to the western Pacific once it expects a Chinese attack, which was traditionally believed would come from the west.

They include sheltering fighter aircraft in tunnels in a mountain range at a base in Hualien on the remote east coast. “We talk a lot about the PLA’s activity to the south-west and increasingly to the south-east of Taiwan. But what they are really doing is practising battle-space management in our eastern waters,” said Hsu Yen-chi, a researcher at the Council on Strategic and Wargaming Studies in Taipei.

In November, while a Taiwanese minister participated in the US-hosted virtual democracy summit, Taiwan spotted two Type 071 amphibious transport docks between its east coast and Yonaguni, the westernmost Japanese island, which is just 150km away. Such warships can carry troops, helicopters and beach landing craft — the kind of equipment likely to be used in an attack on Hualien air base

Although whether this would be enough to fight off the Chinese, of course, remains to be seen. Given the obvious disparity in size and equipment (the second of which the US has done its best to help Taiwan bridge), there’s reason for the Taiwanese to be concerned.

In what might be some foreshadowing, market strategists blamed selling in Europe and in the US premarket on the increasingly tense geopolitical tone, blaming most of this on the situation in Ukraine (although the latest headlines out of China were cited by some as contributing to the dour mood for risk).

end

CHINA//COVID

Beijing confirms more cases leading to port congestion. 

(zerohedge)

Beijing Confirms More COVID Cases As Chinese Port Congestion Expected To Worsen

 FRIDAY, JAN 21, 2022 – 08:40 PM

As the number of days between now and the start of the Winter Games in Beijing continues to shrink, the number of confirmed cases of COVID acknowledged by the CCP continues to grow.

According to Bloomberg, China’s NHC reported 12 COVID infections Friday, bringing the total confirmed in the capital city to two dozen since last Saturday. Authorities once again blamed the outbreak on imported frozen food and other imported products, lest anybody question the efficacy of the CCP’s “warlike” approach to suppressing the virus. The presence of the omicron variant in the city wasn’t acknowledged until just a few days ago, and the government has been pretty tight-lipped when it comes to confirming new omicron cases.

Unfortunately for the CCP, the pandemic isn’t the only problem persistently plaguing China’s leaders ahead of the Winter Games. The ructions in China’s property sector still present a major risk to economic stability, even if shares of homebuilders have rebounded from their lows.

Here’s a breakdown of Friday’s infections, and the factors that the NHC has blamed for the infections.

Friday’s numbers include five people that are not yet showing any symptoms. Two infections were traced back to an earlier patient coming in contact with international mail from Canada that was later found to have been contaminated with the omicron variant. The remaining 10 infections are close contacts of the initial cluster detected earlier this week and driven by the delta variant at a cold storage facility dealing with imported foods, health officials said at a briefing.

Beijing has emerged as the latest COVID hotspot after China’s health authorities scrambled to contain the spread of the omicron variant in Tianjin, a coastal city near Beijing, and weeks after they locked down Xi’an, a western Chinese city of 13MM that has been locked down since just before Christmas.

While the outbreaks have interfered with production of semiconductors and other goods in Xi’an and elsewhere, China’s ports have also been struggling with disruptions – and not just the port in Tianjin.

Bloomberg reported that containers are stacking up at the already backed-up port in Shenzhen. The Yantian terminal at the Shenzen port has been forced to warn clients about the backlog, which is likely going to get worse before it gets better since the Chinese Lunar New Year holiday is right around the corner.

Ships arriving to the Yantian terminal are delayed by an average seven days and the number of ships arriving from Europe and the U.S. has fallen more than 40% in the past two weeks, the terminal said in a customer advisory Wednesday. That comes on top of the problems Shenzhen port was already facing, with a viral outbreak earlier this month leading to lockdowns of districts, testing of workers and trucking delays at the Yantian and Shekou container terminals.

The congestion has prompted the Yantian terminal to say it will start restricting the acceptance of containers. To stop operations getting worse, from Friday full containers can only be trucked in four days before vessels are due to berth, the operator said.

This week is seen as the “peak” week to get goods out of China before the lengthy holiday.

end

CHINA/USA

China claims that it chased a USA warship out of its “territorial waters”

(zerohedge)

China Says It Chased US Warship Out Of Its “Territorial Waters”

 FRIDAY, JAN 21, 2022 – 08:00 PM

China says it chased a US warship out of its territorial waters on Thursday, near the disputed Paracel Islands in the South China Sea. 

The Southern Theatre Command of the People’s Liberation Army (PLA) accused the USS Benfold of “illegally” sailing into its waters without permission, resulting in PLA naval and air forces tracking the ship and warning it away. A US Navy statement pushed back on the claim, saying that China’s expanding assertions of sovereignty around the islands “pose a serious threat to the freedom of the seas.”Illustrative image: US Navy

These same islands in the South China Sea have seen the Chinese military establish island fortifications, meant to expand Beijing’s territorial reach. This week the US Navy has appeared to test these claims of Chinese sovereignty over the region.

Beijing has further sought to impose new maritime identification rules within the past months, aimed at shoring up its claims, as CNN previously described

Beijing wants foreign vessels to give notice before entering “Chinese territorial waters,” providing maritime authorities with detailed information — including the ship’s name, call sign, current position, next port of call and estimated time of arrival.

It may sound like a reasonable enough request, especially if the ship is carrying hazardous goods, that is until you consider what constitutes “Chinese territorial waters.”

It’s the second such incident between the Benfold and PLA navy in the last six months. But this instance has further involved China seeking to enforce its new identification laws.

The PLA’s interpretation of events was as follows

Senior Col.Tian Junli, spokesperson of the Chinese People’s Liberation Army (PLA) Southern Theater Command, said in a statement released on the microsite Weibo that “the actions of the U.S. side have seriously violated China’s sovereignty and security.”

The latest event “is another cast-iron proof that it (the United States) is pursuing navigational hegemony and militarizing the South China Sea,” the statement read.

“The PLA Southern Theater organized naval and air forces to track and monitor and warned them to leave,” it added.

“We solemnly demand that the U.S. side immediately stop such provocative actions, otherwise it will bear the serious consequences of unforeseen events,” the PLA added in its statement.

The US Navy 7th Fleet vehemently rejected Beijing’s assertions, calling them “false”.

“USS Benfold conducted this FONOP in accordance with international law,” the US side said. “The operation reflects our commitment to uphold freedom of navigation and lawful uses of the sea as a principle.” The US Navy added that its ‘freedom of navigation’ exercises will continue: “Nothing PRC (People’s Republic of China) says otherwise will deter us.”

end

CHINA, HONG KONG

More trouble for Hong Kong/China as their luxury cruise ship , Crystal Symphony, diverted to Bahamas because they were afraid the ship would be held for not payment of fuel

(zerohedge)

Cruiseliner Diverted To Bahamas, From Miami, After U.S. Judge Issues Arrest Warrant For $4.6 Million In Unpaid Fuel

 SUNDAY, JAN 23, 2022 – 10:25 PM

A luxury cruise ship called the Crystal Symphony, operated by Genting Hong Kong Ltd., is on the verge of being seized in order to repay $1.2 million worth of unpaid fuel bills.

The ship is in the process of being diverted to the Bahamas after it received news that a U.S. court issued an arrest warrant for it, should it dock in Miami, according to Bloomberg.

Should the ship wind up ashore in the U.S., Marshals and a court-appointed custodian stand at the ready to arrest it. 

J. Stephen Simms, the lead attorney representing Peninsula Petroleum Far East Pte. Ltd., who the monies are owed to, said that he has been made aware of the plan. 

As a result, the ship docked in the Bahamas on Saturday evening. The Crystal Symphony (Photo: Bloomberg)

Peninsula Petroleum Far East sued the ships owners in U.S. district court seeking to recoup $4.6 million in unpaid fees for bunker fuel it has provided since 2017.

A U.S. federal district judge in Miami finally issued an arrest warrant in conjunction with the suit last week.

Simms commented: “The U.S. marshal will be there with the arrest warrant if the ship shows up in Miami. My good money is that it’s not landing in Miami, from what we’ve been told. Our client is determined to recover.”

Genting Hong Kong has been under severe financial distress as a result of the pandemic and has been in the process of of liquidating after reporting a $1.7 billion loss in May. 

“Its German shipbuilding subsidiary, MV Werften, went into insolvency this month,” Bloomberg reported. 

One of the ships passengers Tweeted about the change in destination last week: “Does anyone want to guess why our ship, The Crystal Symphony, can now no longer disembark in Miami? We received notice that we are being taken to Bimini, Bahamas, put on a ferry, and taken to the USA that way. Hmmmm.”

end

4/EUROPEAN AFFAIRS

//GERMANY/COVID/

Yes, they ought to be concerned!

(Watson/SummitNews)

German Government “Concerned” About Massive Anti-COVID Restriction Protests

 SUNDAY, JAN 23, 2022 – 09:20 AM

Authored by Paul Joseph Watson via Summit News,

The German government is seriously “concerned” over the sheer number of protests against COVID restrictions in recent weeks, which are the most widespread in the country’s history.

Influential German broadsheet Die Welt reveals that on the same day, protests took place in over 1,000 locations across the country.

“The government is concerned about the decentralized actions,” reports the newspaper, with one source labeling the “immensity” of the demonstrations “depressing.”

“Never before in the history of the Federal Republic have there been demonstrations that are more widespread than in the last few weeks,” states the report, with the government counting 1,046 separate protests involving around 188,000 participants.

Instead of describing such developments as “depressing,” you’d think authorities in Germany would maybe considering listening to the will of their people.

A scandal in Hamburg where the Mayor falsely claimed that the unvaccinated represented 95% of COVID cases didn’t do anything to restore trust.

A Senate investigation reported the actual number to be 14.3%.

Germany is still pushing ahead with plans to make the COVID vaccine mandatory, with a parliamentary debate on the issue planned for next week.

Las year, the editor-in-chief of Germany’s top newspaper Bild apologized for the news outlet’s fear-driven coverage of COVID, specifically to children who were told “that they were going to murder their grandma.”

As we highlighted earlier, the Czech Republic has abandoned plans to make the COVID vaccine mandatory for some groups after numerous large protests took place in Prague.

The general picture across the continent is one of restrictions being gradually rolled back in response to Omicron proving mild, although countries like Austria are still planning to make the jab compulsory.

*  *  *

Brand new merch now available! Get it at https://www.pjwshop.com/

end

EEU Regulators, WHO Call for End to COVID Boosters, Citing Evidence Strategy Is Failing

My, my what will governments do with their over supply ??? Germany bought enough to give everyone 7 doses. If they did that there would be no one left. Crazy business

https://www.theepochtimes.com/eeu-regulators-who-call-for-end-to-covid-boosters-citing-evidence-strategy-is-failing_4220673.html

European Drug regulators, the WHO and the former chairman of the UK Covid task force all call for the end of COVID boosters citing evidence that the strategy is failing

special thanks to Robert H for sending this to us:

Epoch Times/Children Health Defense

EEU Regulators, WHO Call for End to COVID Boosters, Citing Evidence Strategy Is Failing

By Children’s Health Defense January 18, 2022 Updated: January 21, 2022biggersmallerPrint

EU drug regulators, World Health Organization experts and the former chairman of the UK’s COVID task force all cited mounting evidence mRNA COVID boosters aren’t working and the strategy should be dropped

European Union drug regulators on Tuesday warned frequent COVID boosters could adversely affect the immune system and said there are currently no data to support repeated doses.

This comes a month after EU drug regulators said it made sense to “administer COVID-19 vaccine boosters as early as three months after the initial two-shot regimen,” amid concerns over the Omicron variant.

According to the European Medicines Agency (EMA), continued booster doses every four months could pose a risk of overloading people’s immune systems and lead to fatigue.

Instead, the agency recommended countries space out the intervals between boosters and coordinate their programs with the onset of the cold season in each hemisphere — following blueprints of influenza vaccination strategies.

“While use of additional boosters can be part of contingency plans, repeated vaccinations within short intervals would not represent a sustainable long-term strategy,” the EMA’s head of vaccines strategy, Marco Cavaleri, said Tuesday during a press briefing.

Boosters “can be done once, or maybe twice, but it’s not something that we can think should be repeated constantly,” Cavaleri said. “We need to think about how we can transition from the current pandemic setting to a more endemic setting.”

Cavaleri said more data is needed on the impact of Omicron on vaccines and a better understanding of the evolution of the current wave to decide whether a vaccine specific to the new variant is needed.

“Preliminary results from recently published studies are showing that the vaccine effectiveness against the symptomatic disease is significantly reduced for Omicron and tends to wane over time,” Cavaleri said.

“It is important that there is a good discussion around the choice of the composition of the vaccine to make sure that we have a strategy that is not just reactive … and try to come up with an approach that will be suitable in order to prevent a future variant,” he added.

Just last month, Cavaleri, speaking on behalf of the EMA, said it made sense to administer COVID boosters as early as three months after the initial two-dose regimen due to “extremely worrying” infection numbers.

“While the current recommendation is to administer boosters preferably after six months, the data currently available support safe and effective administration of a booster as early as three months from completion,” Cavaleri said during a press briefing in December.

WHO Warns Repeated Boosters Not Viable Strategy Against New Variants

The World Health Organization’s (WHO) Technical Advisory Group on COVID-19 Vaccine Composition (TAG-CO-VAC) on Jan. 11 warned, “a vaccination strategy based on repeated booster doses of the original vaccine composition is unlikely to be appropriate or sustainable.”

The expert group, created by the WHO to assess the performance of COVID vaccines, said providing fresh doses of already existing vaccines as new strains of the virus emerge is not the best way to fight a pandemic.

TAG-CO-VAC said COVID vaccines that can prevent infection and transmission, in addition to preventing severe disease and death are needed and should be developed.

Until such vaccines are available, and as the SARS-CoV-2 virus evolves, the composition of current COVID vaccines may need to be updated, the group said.

COVID vaccines need to be genetically and antigenically close to the circulating SARS-CoV-2 variants, be more effective in protection against infection, and should elicit an immune response that is broad, strong and long-lasting in order to reduce the need for successive booster doses, TAG-CO-VAC said.

“It’s over, people,” Alex Berenson, former New York Times reporter and best-selling author, wrote. “Aside from a few unlucky Israelis, no one is going to receive a fourth dose of the original vaccine.”

Berenson wrote:

“Everyone with eyes can see it doesn’t work against Omicron — and if you haven’t gotten a third dose, at this point, why would you? You are getting at most weeks of marginally improved protection for potentially severe side effects.

“Instead the WHO is now promising/demanding vaccines based on whatever the dominant Sars-Cov-2 strain is at the moment. That promise is as empty as all the others the health bureaucrats and vaccine companies have made.”

Berenson noted there have been at least five major “variants of concern” in the last year alone, two of which became globally dominant.

“Even the mRNA vaccines cannot be cooked up and delivered fast enough to match whatever strain of virus becomes dominant,” Berenson said. “COVID is faster than the scientists.”

UK Expert Calls for COVID to Be Treated as an Endemic Virus Similar to Flu

COVID should be treated as an endemic virus similar to the flu and mass vaccination should end after the booster campaign, said Dr. Clive Dix, former chairman of the UK’s vaccine task force.

According to the Centers for Disease Control and Prevention, an endemic refers to “the constant presence and/or usual prevalence of a disease or infectious agent in a population within a geographic area,” whereas a pandemic is an “out of control” epidemic that has spread over several countries or continents, usually affecting a large number of people.

“We need to analyze whether we use the current booster campaign to ensure the vulnerable are protected if this is seen to be necessary,” he said. “Mass population-based vaccination in the UK should now end.”

Calling for a “major rethink” of the UK’s COVID strategy, Dix encouraged the ministers to “urgently back research into COVID immunity beyond antibodies” to include B-cells and white blood cells, called T-cells.

Dix said there should be a shift to disease management from viral spreading, and “stopping progression to severe disease in vulnerable groups” should be the future objective.

 Written by Megan Redshaw childrenshealthdefense.org This article was originally published on GreenMedInfo.com

BRUSSELS/COVID/VACCINE MANDATE

Huge protest in Brussels. Police ran for cover

Special thanks to Milan S for sending this to us

Brussels

Inbox

Milan SabioncelloSun, Jan 23, 4:40 PM (16 hours ago)
to me

CroatianEnglish   Translate messageTurn off for: Croatian

END

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA, UKRAINE/USA

Russian lawmakers are pushing for Donbass independence recognition.  Not what the west wants!]

(zerohedge)

“War May Be Necessary”: Russian Lawmakers Push For Donbass Independence Recognition

 FRIDAY, JAN 21, 2022 – 06:00 PM

The speaker of the Russian State Duma is calling for parliamentary consultations over the question of the status of the Donbass region of Ukraine. In a move the West would without doubt see as a huge political provocation, there’s a push among pro-Kremlin lawmakers to formally recognize the independence of the war-torn, Russian speaking region from Ukraine.

Further, such an action would likely trigger the biggest flare-up in fighting since 2014 and 2015. Reuters reports additionally that “Russian-backed separatists in east Ukraine would expect Russia’s army to fight with them against Ukrainian government forces if Moscow follows through on a parliamentary proposal to recognize their independence, a pro-Kremlin lawmaker said on Thursday.”Near front lines in Eastern Ukraine, via Atlantic Council.

Should parliament move forward with such a proposal, it would be subject of Vladimir Putin’s approval, and for now might remain among “options on the table” for dealing with the crisis.

Alexander Borodai, a Russian law-maker who is among about a dozen now proposing the move to recognize independence, has acknowledged bluntly that war would surely follow

Borodai, a former Donetsk political leader who is now a member of the Russian parliament, said the separatists would look to Russia to help them wrest control of parts of the territory they claim that are now held by Ukrainian forces.

“In the event of (the republics) being recognized, a war will become a direct necessity,” Borodai told Reuters.

“Russia would have to take on some security responsibilities” and defend the territories, he said, as it did after recognizing the independence of two breakaway Georgian regions after a 2008 war between Russia and Georgia.

Kremlin spokesman Dmitry Peskov urged caution in light of these reports, but admitted it’s under serious consideration. The discussions could also be aimed at building further leverage amid talks with Washington and NATO. After all, the Biden administration on Thursday approved US weapons deliveries to Ukraine via Baltic allies Estonia, Lithuania, and Latvia.

Thus the Kremlin appears to be signaling that if the West wants to escalate, it has a ‘nuclear option’ guaranteeing immediate escalation too. Likely Russia will hold off on any kind of independence recognition for now, given that on Friday US Secretary of State Antony Blinken met with Russian Foreign Ministry Sergey Lavrov in Geneva, where both agreed to continue open dialogue toward de-escalation. 

Russian media accounts of the Friday meeting presented the engagement in a generally positive light, as both sides set out on “a clear path to understanding.” For now it seems the Kremlin got what it wants – namely for the Biden administration to take its demands concerning NATO expansion seriously.

“Our American colleagues once again tried to put the problems on the Russian-Ukrainian border at the forefront, tried to condition everything else on the need for so-called de-escalation,” Lavrov said immediately following his meeting with Blinken. “But we ended with an agreement that we will be provided with written answers to all our proposals next week”.

end

UKRAINE/RUSSIA/USA/ EU/UK/NATO

COMPLETE INSANITY!

(zerohedge)

NATO Puts Forces On Standby, Deploys More Jets & Ships – Russia Responds With 20 Warships In Baltic

 MONDAY, JAN 24, 2022 – 09:45 AM

On Monday NATO announced it has put its forces on “standby” while initiating deployment of additional ships and fighter jets to Eastern Europe. “NATO will continue to take all necessary measures to protect and defend all Allies, including by reinforcing the eastern part of the Alliance,” NATO Secretary General Jens Stoltenberg said in a statement.

“We will always respond to any deterioration of our security environment, including through strengthening our collective defense,” Stoltenberg added, while discussing the ongoing Russia-Ukraine showdown, which the Kremlin has denounced as hype and based on false allegations it’s planning an invasion. The Kremlin has further reiterated its plea for Western countries to stop the “hysteria”, which itself is hyping the crisis further. One NATO diplomat has been cited in reports Monday saying the Biden administration is mulling a move to transfer some troops from Western Europe to Eastern Europe in the coming weeks.NATO jets file, Flickr

But the Western allies are also pointing to the additional Russian military units now deployed to Belarus in preparation for the announced joint war games to be held there next month. “We are reaching the point where continuous Russian and Belarusian military buildup in Europe needs to be addressed by appropriate NATO countermeasures,” Latvia’s Foreign Affairs minister Edgars Rinkēvič stated Monday.

In its official statement, NATO headquarters detailed which assets that European alliance members have begun to send toward the region, including to the Baltic Sea and Eastern Europe

In the past days, a number of Allies have made announcements regarding current or upcoming deployments. Denmark is sending a frigate to the Baltic Sea and is set to deploy four F-16 fighter jets to Lithuania in support of NATO’s long-standing air-policing mission in the region. Spain is sending ships to join NATO naval forces and is considering sending fighter jets to Bulgaria. France has expressed its readiness to send troops to Romania under NATO command. The Netherlands is sending two F-35 fighter aircraft to Bulgaria from April to support NATO’s air-policing activities in the region, and is putting a ship and land-based units on standby for NATO’s Response Force. The United States has also made clear that it is considering increasing its military presence in the eastern part of the Alliance. 

Thus given the scant number of actual aircraft and ships being sent, it appears the above is part of yet more posturing on the level of a ‘threatened’ military build-up… rhetoric that’s become almost the norm for the past days and weeks.

Still, it’s a dangerous enough situation for some countries to begin drawing down embassy staff in Kiev. After Sunday it was confirmed the US has begun ordering families of diplomatic personnel out of Ukraine, and the UK Foreign Office also announced Monday that some of its staff and dependents are withdrawing.

“Officials say there have been no specific threats to British diplomats, but about half of the staff working in Kyiv will return to the UK,” BBC noted of the move. This after the US claimed starting last week that a Russian invasion could come “at any time”. 

Meanwhile, it appears Russia’s response to the NATO build-up will come in the form of naval drills, with Interfax reporting Monday that twenty Russian Navy ships have deployed to conduct drills and movements in the Baltic Sea.

The carrier group led by the USS Truman is at the same time spearheading NATO military exercises in the Mediterranean, to the south… A Pentagon statement said, “Starting Monday, NATO allies, including the United States, kick off the 12-day maritime exercise Neptune Strike ’22 in the Mediterranean Sea, Pentagon Press Secretary John F. Kirby said during a briefing today.”

END

UKRAINE/RUSSIA/USA/ EU/UK/NATO

the USA/UK stoking war fears

(zerohedge)

Russia Planning “Lightning War” To Take Out Ukraine’s Capital: UK’s Johnson In Dramatic Claim

 MONDAY, JAN 24, 2022 – 12:00 PM

As we detailed earlier, EU foreign policy chief Josep Borrell during Monday statements to the press appeared to openly mock the UK and US for their dramatic announcements of embassy personnel evacuations due to threat of a Russian invasion of Ukraine. He said there’s no need to “dramatize” the situation given there’s high hopes that ongoing diplomacy will prevail. Moscow too has continued to condemn what it called “disinformation hysteria” prevailing in the West, which is fueling the crisis further.

But it seems London is content to hype things further, with Prime Minister Boris Johnson on Monday citing “gloomy” intelligence from UK intel officials warning that Russia is planning a “lightning war” to take out Ukraine’s capital of Kiev. Johnson said in a message directed at Russia that an offensive would be a “disastrous step” and “bloody business”Getty Images

While confirming that some British diplomatic staff have begun to exit the embassy in Kiev and depart of the country, Johnson affirmed “We do think it prudent to make some changes now.”

That’s when he said in dramatic fashion

“The intelligence is very clear that there are 60 Russian battle groups on the borders of Ukraine, the plan for a lightning war that could take out Kyiv is one that everybody can see.”

“We need to make it very clear to the Kremlin, to Russia, that that would be a disastrous step.”

He added during the comments that “from a Russian perspective, (it) is going to be a painful, violent and bloody business.” He concluded with: “I think it’s very important that people in Russia understand that this could be a new Chechnya.”

More than just issuing jingoist rhetoric, threats, and claims, the UK has over the past week been flying military plane-loads of weaponry into Kiev, something Russia has condemned as a highly dangerous escalation. This is mostly believed to be anti-take and anti-armor systems, missiles, and munitions.

Over the weekend the Kremlin accused Britain of unnecessarily stoking tensions even as London remained on the sidelines of the direct diplomacy currently taking place, which has involved talks between US Secretary of State Antony Blinken and Russian FM Sergey Lavrov in Geneva. Further Normandy format talks will be held in Paris this week, involving the Russians, Ukrainians, French, and Germans. According to the news wires, Biden will also hold a call with European leaders today:

BIDEN TO HOLD VIDEO CALL W/EUROPEAN LEADERS ON UKRAINE TODAY  

The New York Times had observed over the weekend that the UK has pursued a much “more muscular” stance on Russia in recent days. “Britain seized the world’s attention on Saturday by accusing President Vladimir Putin of plotting to install a pro-Russian leader in Ukraine, a dramatic late-night announcement that instantly thrust it on to the front lines of the most dangerous security crisis in Europe in decades,” the Times wrote. 

Russia has of course, denied both of these latest bombshell accusations, which included the following: “We have information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine,” the UK statement published Saturday began. Interestingly, EU countries appear to be moving away from this type of charged rhetoric, also with NATO showing it’s not ready to present a unified position of “military options” on the table, given especially Germany has lately broken with its Western allies on the question of arming Ukraine.

END

USA families of diplomats ordered to leave immediately from Ukraine

(zerohedge)

US Orders Families Of Diplomats To “Immediately” Leave Ukraine As Biden Weighs Deploying Thousands Of Troops To Eastern Europe

 SUNDAY, JAN 23, 2022 – 07:55 PM

On Friday we said, half-jokingly, that it feels like a false-flaggy weekend…

… and while so far luckily World War III fighting has not erupted (even if the German head of the navy lost his job for telling the truth), moments ago the US has once again done everything in its power to further inflame tensions when it ordered family members of US government workers at the US embassy in Kyiv to leave Ukraine “due to the continued threat of Russian military action,” the State Department said Sunday.

“There are reports Russia is planning significant military action against Ukraine,” the State Department said in the advisory. “The security conditions, particularly along Ukraine’s borders, in Russia-occupied Crimea, and in Russia-controlled eastern Ukraine, are unpredictable and can deteriorate with little notice.”

The advisory also urged U.S. citizens in Ukraine to consider leaving the country now using commercial or other private travel options, while a travel advisory elevated Ukraine to “Level 4: Do Not Travel”:

The decision represents a further turn of the screw in a standoff between Russia and the U.S. and its alllies over President Vladimir Putin’s military buildup along the border with Ukraine. Meanwhile, the NYT reported that Joe Biden is contemplating deploying troops to Eastern Europe and the Baltics in the clearest attempt yet to escalate tensions to an all out war just to deflect attention from his catastrophic presidency.

Biden is also considering deploying warships and aircraft to NATO allies. According tot he Times, Biden is weighing sending 1,000 to 5,000 troops to Eastern European countries and could increase that number tenfold if necessary.

According to Bloomberg, the moves mark an escalation of tension, which the U.S. has sought to diffuse” and we wonder what AI algo editorialized that particular piece of trash propaganda.

The latest escalations come after Blinken spoke earlier on Sunday during the TV media circuit, rejecting pressure to immediately escalate sanctions on Russia for its military buildup, saying it would limit western options in the future. He said the U.S. has focused with its European allies on building up the threat of “massive consequences” for Russia to dissuade Putin from sending forces into Ukraine and on leaving the door open to diplomacy.

“The purpose of those sanctions is to deter Russian aggression and so if they’re triggered now, you lose the deterrent effect,” he said on CNN’s “State of the Union.”

He said the U.S. is tracking a U.K. warning that Russia is plotting to install a pro-Kremlin government in Ukraine as part of the Kremlin’s playbook for encroaching on its neighbor.

“We’ve been concerned and have been warning about exactly these kinds of tactics for weeks,” he said on NBC’s “Meet the Press.”

What we are more concerned about is just who is so earnestly pushing the US into World War III, because it certainly is not the senile president who barely has any idea where he is half the time, and whose puppet strings are controlled by dozens of special interest groups. Unfortunately we doubt anyone in the media will inquire into whose actions are pushing the US to the brink of all out war, with potentially tens of millions dead, until it is too late. We are, however, certain that the deflationary impact of another world war should delay any rate hikes from the Fed sending futures limit up.

end

TURKEY/KURDS

Turkey is set to engage war against the Kurds

(SouthFront)

Turkish-Kurdish War Gaining Momentum

 MONDAY, JAN 24, 2022 – 02:00 AM

By Southfront

As of January 21, the Turkish military is still struggling to secure the areas occupied by its forces in Syria’s northern and northwestern region. Syrian government forces has been also facing security challenges in the country’s central and southern regions.

In the northern region, a new rocket attack targeted the Turkish-occupied area of Afrin on January 20.

Several rockets hit Afrin city center, killing six people, including three children and a woman. At least 24 others were wounded, including ten children and seven women.

The rockets were reportedly launched from a small pocket of land in southern Afrin held by Kurdish forces, namely the Syrian Democratic Forces.

The Turkish military and its proxies responded to the deadly rocket attack by shelling the Kurdish-held pocket. Material losses were reported. A child was also wounded.

Kurdish forces may have carried out the attack to commemorate the fourth anniversary of the Turkish invasion of Afrin that began on 20 January 2018. Turkey could use the attack to justify a new military operation in Syria.

In the northwestern region, known as Greater Idlib, the situation was not better for the Turkish military and its proxies.

On January 19, the Syrian Arab Army (SAA) shelled the outskirts of a Turkish military post near the town of Qoqfin. No casualties or material losses were reported.

On January 20, the army’s artillery pounded the outskirts of Qoqfin post once again, without causing any losses. Later during the same day, the army struck another Turkish military post located near the town of Kansafra. This time, the shelling wounded three of the post’s guards. The wounded were reportedly Turkish service members and Syrian militants of the Turkish-backed Sham Legion.

The real target of the SAA’s recent artillery strikes was likely militants of al-Qaeda-affiliated Hay’at Tahrir al-Sham and its allies, who usually take shelter near Turkish posts.

Meanwhile in Syria’s central region, government forces and their allies continue to operate against ISIS cells.

On January 20, the SAA and other government formations kicked off a new large-scale combing operation in the region. The operation will cover the eastern Homs countryside, the Hama-Aleppo-Raqqa triangle and the western desert of Deir Ezzor.

Warplanes of the Russian Aerospace Forces carried out a series of airstrikes on hideouts of ISIS in the eastern Homs countryside and the western desert of Deir Ezzor in support of the new operation. The airstrikes claimed the lives of eight terrorists and wounded at least ten others.

The pressure mounted by government forces and their allies have forced ISIS cells in central Syria to temporary halt their operations. Nevertheless, this does not mean that the terrorist group’s insurgency will be over soon.

In the southern region, the security situation appears to be deteriorating, once again. Two attacks were reported in Daraa’s eastern countryside.

On January 18, unidentified gunmen attacked a checkpoint of the SAA’s 52nd Brigade and the Air Force Intelligence Directorate near the town of Mlaiha al-Garbiah. Two service members were allegedly killed.

On January 19, at least 14 Syrian security officers were lightly wounded when an improvised explosive device (IED) targeted a bus that was carrying them as it was passing on a road between the towns of Saida and Eastern Ghariyah. The officers on their way back from the Nassib crossing on the border with Jordan to their base in the capital Damascus.

Government forces may soon impose strict security measures in Daraa. This could anger the locals leading to a new conflict in the governorate.

The situation in Syria will not likely improve much in the near future. In fact, a new military confrontation between Turkish and Kurdish forces may start soon.

end

Turkey/Iran

Turkey hit with power outages as Iran halts gas flows
(Paraskova/OilPrice.com)

Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows

 MONDAY, JAN 24, 2022 – 01:20 PM

Authored by Tsvetana Paraskova via OilPrice.com,

  • disruption to natural gas imports from Iran has caused an unprecedented level of power cuts in Turkey.
  • The power cuts have largely impacted major industrial zones, with some companies forced to halt production as a result.
  • Iran claims that its natural gas flows have been restored but Turkey has said its supplies and gas pressure remain very low.

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit by power outages after Iran said at the end of last week it would halt natural gas exports to Turkey for ten days, due to technical issues.

On Friday, Iran announced that gas flows were restored, but Turkey said supplies were very low and at low pressure.

“The system is being disrupted due to the low amount and pressure. The compressor stations on the Turkey side are ready, operational, and there are no technical issues on the Turkish side,” a Turkish official told Reuters on Friday.

Gas supply from Iran to Turkey has yet to fully resume, which puts major industries under power cuts this week, according to Turkey’s main electricity distribution company TEIAS, cited by Bloomberg.

As of Monday, Turkey’s industrial production will stop completely for at least three days, Daily Sabah reported on Sunday.

Gas accounts for more than half of the country’s electricity generation, and Iran’s halting of flows comes at a time of surging gas imports for Turkey, which have become much more expensive due to the crumbling Turkish currency, the lira.

Carmaker Renault has already announced it would halt production at its plant in Bursa for 15 days, according to reports in Turkish media cited by Bloomberg.

“The zones are currently making extraordinary efforts to manage this process and to keep the production losses of our industrialists to a minimum,” Memi? Kütükcü, head of the Supreme Organization of Organized Industrial Zones (OSBÜK), told Daily Sabah.

“However, despite this, we know that power cuts experienced at a time when production and exports are accelerating will harm the economy and industrial production,” he added.

end

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

CANADA

Canadian Mailman With Immunocompromised Wife Sent Home For Wearing N95 Mask While Working

 FRIDAY, JAN 21, 2022 – 05:20 PM

In what can only be described as further proof that our Covid psychosis is nowhere near being over, reports surfaced this week that a Canada Post mail carrier was sent home from his job on Monday because he was wearing an N95 mask. 

The problem? It wasn’t a company-mandated cloth mask – it was actually a better one.

Mail carrier Corey Gallagher told CTV News in Winnipeg: “Right away a supervisor came up to me and told me I can’t wear that mask. I didn’t really understand, I thought it was a joke at first, like ‘Why can’t I wear this when the ones you are providing are cloth.'”

While he was sorting mail in the morning “multiple supervisors” came over to him and told him he couldn’t wear the mask he had. Meanwhile, the Omicron variant of Covid has been widely found to elude cloth masks. 

“I still didn’t change my mask, went about my day, just kind of ignored it. Went out, delivered my mail, came back and then it was the same thing, only this time it was the head superintendent saying I can’t,” Gallagher said. 

On the next day, he showed up wearing the same mask and was sent home after refusing to wear a company mask. 

Canada Post, of course, deferred to “the science” and told CTV that they follow recommendations from the Public Health Agency of Canada, who “supports people wearing non-medical masks that have at least two layers of woven fabric with a third middle layer of filter fabric or a disposable mask.”

“The company fully supports these guidelines and therefore requires all employees to wear a Canada Post-supplied face covering, which is either a reusable cloth face covering or a disposable medical mask,” Canada Post told CTV.

Gallagher told CTV his wife is immunocompromised and he has a child who is not old enough to be vaccinated. 

Jan Simpson, national president of the Canadian Union of Postal Workers, concluded: “The Union has asked Canada Post to provide N95 masks or suitable alternatives to all postal workers, and at the very least, allow those who’ve purchased their own N95 or KN95 masks to wear them. As COVID-19 continues to spread rapidly, Canada Post Corporation should be doing everything in its power to protect postal workers, who continue to help people stay home and stay safe.”

This is your taxpayer dollars at work, Canadians…

END

Special thanks to Milan S for sending this to us:

Milan Sabioncello12:40 AM (8 hours ago)
to me

WATCH: Trucker Convoy has no end in sight — The Counter Signal

https://www.thecountersignal.com/news/trucker-convoy-has-no-end-in-sight

END

Ivermectin Could Destroy Justification For Lockdowns And Vaccine Mandates

FRIDAY, JAN 21, 2022 – 11:00 PM

Authored by Harry Lee and Nicholas VandenNieuwenhof via The Epoch Times,

Federal health agencies haven’t recognized ivermectin as an effective treatment for COVID-19 patients. According to Doctor Leland Stillman, the reason is more political than scientific, because otherwise there would be no basis for lockdowns or vaccine mandates.

“If ivermectin were recognized by the public health and academic establishment as the drug that it is, that treats acute viral illnesses, one of which is COVID-19, the entire justification for lockdowns, mandates, let alone vaccine research and development would evaporate overnight,” Stillman told The Epoch Times in a recent interview.

Dr. Leland Stillman in an interview with The Epoch Times in Arizona in December, 2021. (The Epoch Times)

According to Section 564 of the Food, Drug, and Cosmetic Act (pdf), the Secretary of the Department of Health and Human Services (HHS) can only issue emergency use authorization if certain criteria are met, including “there is no adequate, approved, and available alternative to the product.”

So if there’s an approved alternative, the Food and Drug Administration (FDA)—an agency in HHS—can’t issue emergency use authorization for COVID-19 vaccines.

Stillman said it’s not a conspiracy theory or even an isolated opinion that ivermectin works for treating COVID-19, because tens of thousands of physicians all over the world have recognized its effectiveness.

File photo: A package of ivermectin tablets. (Natasha Holt/The Epoch Times)

The Frontline COVID-19 Critical Care Alliance (FLCCC), a nonprofit organization working on protocols to treat patients with COVID-19, regards ivermectin as a core medication used in the prevention and treatment of COVID-19. Its website cites 142 studies, among which 93 are peer-reviewed, and 75 with results comparing treatment and control groups showing ivermectin works.

However, the FDA has repeatedly said that “currently available data do not show ivermectin is effective against COVID-19.”

The Centers for Disease Control and Prevention (CDC) directed The Epoch Times to contact the National Institutes of Health (NIH) for COVID-19 treatments. NIH referred to their online guidelines about ivermectin: “There is insufficient evidence for the COVID-19 Treatment Guidelines Panel to recommend either for or against the use of ivermectin for the treatment of COVID-19. Results from adequately powered, well-designed, and well-conducted clinical trials are needed to provide more specific, evidence-based guidance on the role of ivermectin in the treatment of COVID-19.”

Stillman explained why many doctors are silent on recognizing ivermectin as an effective drug for COVID-19, a disease caused by the CCP (Chinese Communist Party) virus.

“And the reality that’s really important for people to understand is that doctors can lose their licenses or lose their board certification, which is very important for their income based on insurance guidelines, for speaking out as I have chosen to,” Stillman said.

Stillman said he is able to speak up because he’s one of very few doctors in the country who takes cash and doesn’t work with insurance companies.

Graduated from University of Virginia School of Medicine in Charlottesville, Virginia, Stillman is now practicing medicine in Kissimmee, Florida. His focus is to help people achieve health with integrative medicine, which combines a number of different modalities, such as traditional Chinese medicine, herbs, nutrition, diet, exercise, and lifestyle changes.

Two prominent scientists, Martin Kulldorff, previously a professor at Harvard Medical School, and Jay Bhattacharya, a professor of Medicine at Stanford University, also explained why many scientists are silent on this issue as well.

In an article published in The Epoch Times last month, the two professors said NIH and its National Institute of Allergy and Infectious Diseases (NIAID), which is headed by Anthony Fauci, control a scientific research budget of billions of dollars every year, and “channel research dollars to nearly every infectious disease epidemiologist, immunologist, and virologist of note in the United States and UK.” So it would be unwise for scientists to upset these health agencies.

“There’s a lot of politics on this,” Stillman said, referring to the COVID-19 vaccine mandate.

“And the way it’s been politicized is really disgraceful and unfortunate. At the end of the day, it’s all about how these corporations who are profiting immensely off of the pandemic.”

Stillman said freedom is the way out of the current problem.

“Freedom is absolutely the solution,” Stillman said.

“Because if you really allow doctors to treat patients on their own terms, without insurance companies, without all this, it can be very affordable, and it can be very effective.

“Because the reality is that a lot of the care being provisioned right now, it’s just being provisioned based on some bureaucrat’s idea of what’s good medicine, not based on what the patients actually want and think is worth it to them.”

end

Horrible

‘All He Wanted To Do Was Play Hockey ’ A Grieving Dad Explaining His 17 Year Old’s Death From Pfizer

 Ava Garcia20 seconds ago 1 minute read

Deaths are ‘happening, more than anyone knows, and it’s just being denied and silenced.’

A true story.

Join The True Defender Telegram Chanel Here: https://t.me/TheTrueDefender

This boy got the Pfizer shot in order to be allowed to play the sport of his dreams.

Dan Hartman, a grieving dad from Toronto testified to the Toronto City Council on Tuesday, explaining his beliefs that his teenager son Sean was killed by the Pfizer COVID shot.

The grieving father said that an autopsy for his son showed a “slightly enlarged heart,” but that the cause of death was “unascertained.” Hartman says that a doctor who has viewed the autopsy told him that he believes the COVID shot killed his son.
Inbox

Milan Sabioncello1:13 PM (27 minutes ago)
to me

https://mobile.twitter.com/Liberal_Parent/status/1484597144308924421

Pilot speaks out

Inbox

Milan SabioncelloSat, Jan 22, 7:21 PM (16 hours ago)
to me

end

Researchers Worry COVID Will Quickly Develop Resistance To New Pills From Pfizer And Merck

 SUNDAY, JAN 23, 2022 – 07:35 AM

If it wasn’t already bad enough that several experts have warned that US regulators are overlooking safety risks associated with the new generation of COVID therapeutic pills from Pfizer and Merck, researchers and regulators are also apparently worried that they might not even work – at least, not for long.

According to a report in WSJ, researchers and academics are already taking steps to keep an eye out for signs that COVID is evolving in response to exposure to pills like Paxlovid and Molnupiravir.

The hope is that the pills will save more lives, especially now that the vaccines and boosters have been surprisingly ineffective at prevent transmission and infection with the virus.

“We know this is likely to happen at some point, so we need to beat it to the punch and nip it in the bud before it gets out of hand and starts to take over,” said Katherine Seley-Radtke, a medicinal-chemistry professor at the University of Maryland, Baltimore County, whose lab is studying antiviral combination therapies.

The manufacturers of the pills say that the length of a course – which is taken over just five days, too short for the virus to develop immunity, they say. Then again, nobody knows for sure.

Some believe what we know about how other viruses react to drugs might offer some insights: for example, HIV is more likely to develop a resistance to treatments consisting of a single drug, hence the use of cocktails. But HIV is a chronic disease, not an acute infection like COVID.

For what it’s worth, researchers working for Pfizer and Merck say they saw no signs of resistance emerging during their clinical trials. But those only included a few hundred people. And there’s always the question of whether efficacy will fade when faced with new variants.

“As with any virus, SARS-CoV-2 being no exception, there is a potential for the emergence of resistance that can impact existing therapies,” the agency said. “As such, the FDA put mechanisms in place as part of the authorizations to help the agency understand the potential impact of variants on these products.”

Independent researchers cited by WSJ say they suspect Paxlovid might be more likely to cause resistance to develop. That’s because Paxlovid stops the virus by blocking an enzyme—called protease which is involved in replication.

Molnupiravir, on the other hand, is in a different class of antivirals. It stops the virus from multiplying by tricking an enzyme that SARS-CoV-2 needs to replicate into inserting errors into the genome of the coronavirus, short-circuiting the replication process and killing the virus.

Using a combination of drugs might help prevent resistance from developing. But as things stand, with these new drugs still in short supply, that might not be realistic.

Not to worry: Big Pharma is already looking at combining the new drugs with older (and less effective) treatments like remdesivir.

With so much research needed, researchers are preparing to conduct nearly 20 new trials seeking to enroll more than 100 participants each will be starting in the near future.

end

GLOBAL GLOBAL NEWS

Special thanks to Robert H for sending this to us:

This is reality that no one wants to explain in this this game of global hegemony

Inbox

Robert Hryniak11:23 AM (2 hours ago)
to

In today’s world of commerce and political hegemony, it is not important but critical to survival and prosperity to see behind the narratives and respective posturing to find facts to have reality to affect decision making, no matter how painful it is to see what is really occurring. It is the wonky way to avoid the bear traps that lie for footsteps to be taken. And in today’s world, wealth preservation takes precedent over creation as preservation becomes creation by decisions taken to see reality over illusions. 

In the long game of hegemony of a changing world from a unipolar one to a multipolar one it is important that we understand where we are and what is occurring around us to see what to do and what not to do. And what certain actions are taken by countries or avoided and how that impacts future commerce and thereby affecting personal and corporate  well being. Let’s now briefly revisit the US’ choices taken during this middle stage game being played by by the incompetent current bunch in DC.  Since East Asia was growing to displace the US and EU as China’s main trading partner, Washington initiated their “pivot East” strategy to disrupt their momentum. Because of the sorry state of both their economy and military, they had to “delegate” the task of containing Russia on its western border to the EU. The Ukraine, in this context, can be seen as the “pretext” for the EU to activate NATO in Eastern Europe. However, as “pivot East” was floundering, they further needed to draw on their middle east assets. Not that there is much there. To this effect, they devised the Abraham Accords to similarly delegate the task of containing the “Shiite Axis” to Israel and the Gulf  States. The first “casualty” of these infamous Accords was probably Pakistan’s definite defection to the BRI, which further precipitated the Afghani debacle thanks to a mindless State Department. To correct that mistake they then tried another formation with India, Japan, and a few others, followed by AUKUS, which both turned into flops, guided by the same imperative to relieve the strain on their military in an attempt to remain relevant on all fronts. This occurred at a time when America needed to turn away and fix itself internally which was opposed by forces subject to foreign influences. 

To control the Middle East, the US needs control of Europe, if only to secure their supply line. And to influence Central Asia they must control the Middle East. Until now Washington was essentially calling the shots, while Russia and China adapted their plans to whatever was thrown their way. By submitting their security demands, Russia is signaling unequivocally it is now taking the initiative. While the reinforcement of the Ukrainian Army was first designed to pressure some Russian reaction so as to increase the European nations’ commitment to toe the anti Russia line, the resulting Russian built-up of forces and large scale exercises have effectively reversed the pressure. The bulk of NATO forces are now bogged down on the eastern European front in a self induced paranoia, severely restricting their possible redeployment elsewhere. This is classical mistake by incorrect inept people with little or no understanding of the game being played on a world stage. This morning Moscow issued a statement that Moscow will not allow its’ citizens to be killed in the Donbas. Russia is using the fanfare made over the huge supply of lethal weapons supplied by NATO to the Ukraine as the pretext for a “Responsibility To Protect” the Russians in the Donbas, of which there is over 500,000. As a point of International Law NATO screwed itself as did the Biden Bunch by providing lethal weapons to the Ukraine with the fanfare doing so publicly. Sailing naval assets in the quantity done is also a unlawful act if it is to serve to boost Ukrainian ability to kill Russians in Crimea and in the Donbas. What these fools have done is give Russia the legal means under the UN Charter to justify entry into the Ukraine to protect its’ citizens. Every participant in this folly is now afoul of the UN charter losing any moral authority to participate and worse will be diminished on a world stage. One can only wonder why they did not understand what they were doing. In any case, they have shot themselves in the foot.

But back to the main game being played out and why Russia is pushing for a written response. Given the Russian ultimatum, the US is now basically faced with the following choices. Sign the documents, which by extension will mean the implementation of the Minsk agreement and the opening of NS2, which  would free NATO reinforcement to the Middle East, no matter how futile this would ultimately prove. Because if this happens Europe will quickly “organically” link to the Asian network and recover most of its sovereignty from the US. At that moment, the Middle East is lost.

By not signing, the choice becomes losing  the middle East or release the pressure in East Asia, in both cases China wins. As i have said many a time, China is playing the US for its’ hegemony benefit where as Russia s only concerned with security. 

If the US don’t reinforce the Middle East, recent Pakistan actions will be soon to be followed by the entire region. Though there could be some fireworks in the process, once the dust settles the BRI will be staring straight at Africa, throwing its full weight at European and American interests on that continent. If that happens, Europe falls. So Europe has a bunch to lose, with some nations understanding what is stake, while others are fast asleep or simple lapdogs of failed strategy. Moscow has already won with moves made by the Biden bunch not understanding they have placed themselves on the wrong side of the UN Charter in law. Watch China exploit this to their advantage as America loses moral standing and influence. 

Finally if they do “save” the Middle East at the detriment of East Asia, the Asian power house will become such that no one will escape its gravitational pull for long.

It is not very difficult to see, in this context, that whichever region the Biden bunch decides to forsake, it’s only a matter of time before they lose the rest. Of course, this all assumes they don’t first crumble under the weight of their debts. Will they turn nuts and try blow it all up? I can only attest that the one thing greater than their current idiocy, is their cowardice towards their own citizens as was displayed in Afghanistan and more recently in the state department statement that they would not evacuate their citizens from the Ukraine which is a mess created by them.

The real tragedy in all of this is that it is not the American people at fault who for the most part are industrious and well meaning but a political class that serves no one but itself at the expense of both the citizens and those areas of hegemony control and various allies. Before it is all a crumbling state, one hopes that America turns within to rebuild itself in the spirit of its’ founding fathers to become the leader it can be in the world and go forth to be their brother’s brother and not their brother’s keeper. The world needs and wants such a America as counterbalance to China and Russia in tomorrow’s multipolar world. The yesterday of unipolar thing is a memory and will not return. 
CheersRobert

VACCINE IMPACT

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Vaccine Impact


Over 1 Million Deaths and Injuries Following COVID “Vaccines” Reported in VAERS as Second Year of “Experimental Use Authorization” BeginsJanuary 21, 2022 3:25 pmThe deaths and injuries following the experimental COVID-19 “vaccines” continue at an unprecedented rate as we now enter the second year of their “emergency use authorization.” The U.S. Government updated their Vaccine Adverse Events Reporting System (VAERS) database today, and there have now been 1,053,830 cases of deaths and injuries reported to VAERS following COVID-19 experimental vaccines since they were given emergency use authorization in December of 2020. By way of contrast, there have been 914,393 cases of deaths and injuries reported to VAERS following all FDA-approved vaccines since VAERS started in 1990, through the end of November, 2020, the last month before the COVID-19 vaccines were authorized for emergency use. There have been more deaths, more permanent disabilities, and more hospitalizations following the experimental COVID-19 vaccines, than there have been following all FDA-approved vaccines for the previous 31 years COMBINED. This is the most censored news in the United States, and it is based on the U.S. Government’s own statistics. Read More…Are the Wall Street Bankers Planning WW III to Save the Economy?January 21, 2022 5:48 pmThe financial world is predicting surging prices on oil as the prospects for war between the Ukraine and Russia loom. Since wars are funded by the Globalist bankers, whenever they start talking about war and its impact on the economy, it is probably wise to pay attention to what they are saying. And as usual, we look to JPMorgan Chase, the largest bank on Wall Street and the leader of the pack.Read More…

end

Vaccine Mandates for Canadian and Mexican Truck Drivers at the Borders Started Today – Supply Chain Disruptions to Get Worse?

January 22, 2022 6:20 pm

A COVID-19 mandatory vaccine requirement for all non-U.S. citizens coming across the borders from Canada and Mexico that includes truck drivers went into effect today, Saturday, January 22, 2022. Canada implemented a similar COVID-19 vaccine mandate for U.S. truck drivers entering Canada last week, and it is already disrupting the supply chains in Canada. Higher food prices and food shortages have already been reported in Canada this past week. Canadian truck drivers protested earlier this week at a Manitoba border crossing. A Canadian truck convoy, “The Convoy For Freedom 2022,” has started with Canadian truck drivers from all parts of Canada heading to the Canadian capital in Ottawa for a rally next Saturday, January 29, 2022. There is a Gofundme page setup to solicit funds for the truck drivers to help with their expenses in driving to Ottawa, and it has already raised more than $1.6 million. There is as of now no vaccine mandate for truck drivers entering Mexico, but depending on how strict they are at the Mexican borders on enforcing the U.S. mandate on Mexican truck drivers, this could have devastating impacts on the U.S. economy.Read MoreEND.

What is Life?

January 23, 2022 8:05 pm

Life. It is one of the most common words in the English language. It is something to “live,” something to “spend,” something that begins and ends, something that is evaluated as “good” or “bad,” as “healthy” or “unhealthy.” But how do we actually define it? Is it defined by our culture, or does it have an intrinsic meaning that transcends how the culture uses the word? How you understand or define “life” affects pretty much everything you do, and I doubt that very many people have actually spent time evaluating their understanding of “life,” but passively just accept how the culture defines it. “Life” is closely associated with “truth,” which means that the meaning of “life” is not dependent on people’s opinions or understanding of what it is. It just is. It transcends even language, therefore it requires that we examine the language we use to describe and define life, and the closer we can come to its actual intrinsic meaning, the closer we come to understanding “truth.”Read More….

 

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

Michael Every….

Rabo: For Much Of History, War Used To Be The Mechanism For Giving Stupidity The Boot

 MONDAY, JAN 24, 2022 – 10:23 AM

By Michael Every of Rabobank

Das Boot

A disclaimer: today’s Daily won’t be half as enjoyable for people who don’t like to watch films with subtitles; which is ironic, because the content is not going to be at all enjoyable for people who do like to watch films with subtitles. Consider this a trigger warning before proceeding.

Bloomberg starts the week by telling us that “CRYPTO CRUMPLES”. Bitcoin is down over 50% from its all-time high; all the other ‘coins’ and ‘currencies’ are slumping too; over $1 trillion of “wealth” has disappeared; and El Salvador is looking about as smart as US sports-star Odell Beckham, Jr., who on 12 November signed a contract for $750,000 in Bitcoin, which is now worth half that in dollars – and yet he is going to be taxed at 50.3% federal and local, which means he will net $35,703. I am sure the techno sophisticates, the crypto bros, and the early Meta adopters wandering around in headsets wondering where everyone else is will try to re-boot, but this looks like a crash for now, even before we get to regulatory blue screens of death.

Of course, the timing is not a coincidence. The Fed meets this week. The Fed is worried about inflation, because the White House is too. The Fed is going to make that clear, even if it does not move this month. Some on The Street say they are going to keep hiking rates all year. If they do, it won’t address underlying supply-chain issues at all; but, on past form, it will probably crash just about everything else. Crypto and the NASDAQ (-12% year-to-date) are just a warning.

The non-financial ignores crypto and press beats the drums of war with Russia – the closest cryptonites have come to showing concern about being when Moscow just banned crypto mining.

Ukraine states it is taking UK government allegations of a Russian plot to instigate a coup and set up a puppet government seriously. The UK government may not be able to tell a booze-laden party from a day at the office: but this serious accusation implies either Russia or the West, or both, are trying to stir things up rather than take a step back.

A German admiral just rightly got Das Boot (that’s the subtitle part) for giving a speech in which he declared himself to be a deeply religious Catholic who believes Europe needs to do a deal with ‘fellow-Christian’ Putin, who also deserves our respect, in order to stand up to non-Christian China. All ‘Clash of Civilizations’/not-so-closet prejudice aside, if there was ever a window for an ‘inverse-Nixon’ strategy to ‘flip’ Russia it surely closed in 2016, when some decided the best response to Brexit and a shocking election loss was not to admit the campaigns, candidates, or policies were to blame, but Russia was.

Amazingly, that wasn’t the silliest thing a senior German official said about this crisis this weekend. That award goes to Economy Minister Habeck, who wants to engage Russia economically by cooperating on renewable energy supplies to help de-escalate tensions over Ukraine, noting “We should also think about new business areas that can help lead both sides out of this confrontational position.” In short, the best way to stop a war is for Germany to sell Russia solar panels and wind turbines(!) Of course, this crisis is about carbon – just not in the way the minister thinks: Germany is paying for any Russian invasion with its gas purchases; the question is if it will be prepared to impose biting sanctions on Moscow in that case as even Der Spiegel worries that:

“In German political circles, all kinds of people are currently talking not about what Berlin will do in response to a Russian attack. Rather, they are focusing on what they won’t do. That doesn’t just apply to politicians belonging to the coalition parties, but is also true of Friedrich Merz, who is set to be voted in as the next leader of the conservative CDU – the country’s leading opposition party – in the coming days. Last weekend, he expressed his opposition to excluding Russia from the global payment system SWIFT, which is one of the most painful potential sanctions that has been proposed. Such a step would block the access of Russian banks and companies to international payment flows. And ruling out all kinds of tough sanctions both relieves pressure on Moscow and sends a clear message: Russia can rely on Berlin’s inactivity.”

Which brings me to a recent Twitter thread from @marceldirsus discussing German politics in which he stresses that from the safe, comfortable, prosperous German perspective, war is entirely illogical; that “History matters. There’s an obligation in the minds of many Germans not to go too hard on Russia because Germans killed millions of Russians during WWII. That same way of thinking doesn’t extend to Ukraine even though Germans also killed millions of Ukrainians. It just doesn’t.”; and that “Moral superiority aside, nothing is more important to Germany than the pursuit of short-term economic interests. If you can trade freely with everyone and afford not to worry about security or other political considerations, why wouldn’t you? That’s what Germany is doing.”

Allow me to give this attitude a name: “champagne pacifism”. (The cousin of the champagne socialism of those who can easily afford to pay higher taxes, or who avoid paying them while backing them.) Now don’t get me wrong, pacifism is great. But, like all virtues, it means far more when you have to risk something for it. It’s easy to be a pacifist in Bavaria; much harder in Brovary, outside Kyiv; and Bialystok, on Poland’s eastern border.

The current crisis is proving a shock to eastern EU members. It’s one thing to see one-rule-for-me-and-another-for-you stances during a financial crisis caused by German intra-EU trade surpluses that didn’t impact them; or to clash over cultural or rule-of-law issues; but it’s another to have Russian tanks potentially roll up to your doorstep only to have parts of Berlin look stressed at the idea of standing alongside you if it means economic pain to them. The potential long-term damage to the EU from this cannot be dismissed lightly. And, more concretely, if we were to see war start soon, EUR is unlikely to be the safe haven it has been in the recent past.

While peace is always the goal, one thing is worth noting. For much of history, war used to be the underlying mechanism for giving institutional stupidity the boot: mismanage your state finances? You lose the war, and your country; treat your peasants too badly? They won’t fight for you – you lose the war, and your country; listen to idiot experts who pretend they know what they are doing/following? You lose the war, and your country; appoint idiot generals who only look good in uniform? You lose the war, and your country.

Alongside nuclear weapons, we moved to a Cold War economic contest, which the West won, and then a Pax Americana where markets were supposed to do this institutional-stupidity-thinning job for us bloodlessly. Until we ruined them too with QE. Nothing now seems able to sort the wheat from the chaff anywhere we look. Even crises on the scale of the GFC and Covid fail to generate any key changes “because markets”, and where we do see radical change there appears no joined-up thinking to broader issues.

Yet Russia now suggests we are back to a more bare-knuckle Great Power global contest again. That offers a steely litmus test for what policies do and don’t work, and are and aren’t relevant. If so, we will see some institutional-stupidity given the boot. Or we will listen out for the jackboots.

That process will ultimately prove as disruptive to markets as any Fed hikes.

END

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

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

NEW ZEALAND

this woman is totally nuts.  She calls off her own wedding and she is set to introduce new red light restrictions in New Zealand after only a few cases of Omicron shows up

(zerohedge)

New Zealand’s Jacinda Ardern Cancels Wedding After Ordering New Omicron Restrictions

 MONDAY, JAN 24, 2022 – 02:45 AM

In case you were wondering about the state of things in the antipodes, where even a handful of confirmed omicron cases are enough to inspire lockdowns affecting millions of people, New Zealand’s single-mother Prime Minister Jacinda Ardern has just called off her wedding as she plans to introduce new “red light” restrictions after health authorities identified a small outbreak of omicron in a remote town.

Starting Sunday night at 11:59 local time, New Zealand will officially impose the new restrictions, banning large gatherings and imposing other requirements on masking and distancing, all over 9 reported cases of omicron, mostly int he town of Motueka on the western shore of Tasman Bay.

Apparently, Ardern and her partner Clarke Gayford – who share a daughter – have been planning to officially marry for a while now, but the pandemic keeps getting in the way of their plans. Shame that.

Speaking during her COVID briefing, Ardern said the “red light” status limited weddings, birthdays and other gatherings to 100 people for the vaccinated and to 25 people for the unvaccinated.

As for her own wedding, she said she would cancel it, while offering apologies to Kiwis caught up in similar circumstances. 

“As for mine, my wedding won’t be going ahead but I just join many other New Zealanders who have had an experience like that as a result of the pandemic. And to anyone caught up in that scenario, I am so sorry, but we are all so resilient and I know we understand we are doing this for one another and it will help us carry on,” Ardern said.

When asked about how she felt about the cancellation, the 41-year-old responded: “Such is life. I am no different to, dare I say, thousands of other New Zealanders.”

Meanwhile, in Europe, UK PM Boris Johnson is dismantling the last of England’s “Plan B” protections, while the US breaths a tentative sigh of relief over the falling case numbers (even as the NYT reminds us every day of some new localized crisis in the making).

New Zealand famously managed to stamp out COVID for a little while by using the “drawbridge” approach: blocking practically all civilian, non-economic travel between their isolated island and the rest of the world. Unfortunately, even those efforts weren’t enough, and the recent delta-omicron wave has managed to send cases in New Zealand to new daily highs late last year, although infections have fallen off substantially since then.

As for Ardern’s nuptials, there’s no word yet on when they might be rescheduled.

But somehow, we can’t shake the feeling that this cancellation was motivated by something more than political necessity.

END

*  *  *

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

Euro/USA 1.1299 DOWN .0038 /EUROPE BOURSES //ALL RED  

USA/ YEN 113.83  UP  0.242 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3487  DOWN   0.0049

 Last night Shanghai COMPOSITE CLOSED UP 1.59 OR 0.04%

  //Hang Sang CLOSED DOWN 309.09 PTS OR 1.24%

/AUSTRALIA CLOSED DOWN 0.65%   // EUROPEAN BOURSES OPENED ALL RED 

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL RED   

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 309.09 OR  1.24%

/SHANGHAI CLOSED UP 1.59  PTS OR 0.04%

Australia BOURSE CLOSED DOWN 0.65%

(Nikkei (Japan) CLOSED UP 66.11 PTS OR 0.24%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1839.80

silver:$24.05-

USA dollar index early MONDAY morning: 96.00  DOWN 13  CENT(S) from FRIDAY’s close.

THIS ENDS MONDAY MORNING NUMBERS

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And now your closing MONDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.54% DOWN 2  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.139% UP 0 AND 2/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.62%// DOWN 1   in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.28 DOWN 2    points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 66 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO -0.099% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.38% AND NOW ABOVE   THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR MONDAY  

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

Euro/USA 1.1310  DOWN .0024    or 24 basis points

USA/Japan: 113.87 UP 0.280 OR YEN DOWN 28  basis points/

Great Britain/USA 1.3446 DOWN 89  BASIS POINTS

Canadian dollar DOWN 136 pts to 1.2690

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The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP)..6.3308  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3379

TURKISH LIRA:  13.51  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.139

Your closing 10 yr US bond yield DOWN 4 IN basis points from FRIDAY at 1.724% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield: 2.050  DOWN 3 in basis points 

Your closing USA dollar index, 96.03  UP 38   CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 112.51 PTS OR 2.87%

German Dax :  CLOSED DOWN 555.01 points or 3.56%

Paris CAC CLOSED DOWN 260.73 PTS OR  3.69% 

Spain IBEX CLOSED DOWN 258.80PTS OR 2.99%

Italian MIB: CLOSED DOWN 1022.66 PTS OR 3.66%

WTI Oil price 82.70    12: EST

Brent Oil:  85.37  12:00 EST

USA /RUSSIAN /   RUBLE FALLS:   79.35 THE CROSS HIGHER BY  176 RUBLES/DOLLAR (RUBLE LOWER BY 176  BASIS PTS)

GERMAN 10 YR BOND YIELD; -.099

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1322 DOWN  .0013   OR 13 BASIS POINTS

British Pound: 1.3489 DOWN .0047 or 47 basis pts

USA dollar vs Japanese Yen: 113.91 UP .324

USA dollar vs Canadian dollar: 1.2631 UP .0076 (cdn dollar DOWN 76 basis pts)

West Texas intermediate oil: 83.44

Brent: 86.59

USA 10 yr bond yield: 1.751 DOWN 1 points

USA 30 yr bond yield: 2.100  UP 3  pts.

USA dollar vs Turkish lira: 13,53

usa dollar vs Russian rouble: 78,71 UP 112 basis pts.(ROUBLE DOWN 112 BASIS PTS)

DOW JONES INDUSTRIAL AVERAGE: UP 99.13 PTS OR 0.29%

NASDAQ 100 UP 71.18 OR 0.49%

VOLATILITY INDEX: 30.01 UP 1.16 PTS up 3.8%

GLD/NYSE CLOSING PRICE $172.00 UP $0.91 OR 0.53%

SLV/NYSE CLOSING PRICE: $22.11//DOWN $.27 OR 1.21%

USA TRADING TODAY IN GRAPH FORM

END

I)MORNING TRADING/AFTERNOON TRADING

Rate-Hike Odds Slide As Stocks Puke; VIX Term Structure Inverts Most Since COVID Crash

MONDAY, JAN 24, 2022 – 12:07 PM

Update (1200ET): US equity markets saw no bounce at the European close, instead they legged dramatically lower with Nasdaq down over 4%, and S&P down over 3%.

This leave Small Caps in a bear market, Nasdaq very close to a bear market, S&P in correction, and The Dow on the verge of entering correction…

VIX is spiking to its highest since Oct 2020…

…and the term structure is now the most inverted since the COVID crisis…

The silver lining? If one could call it that. It appears market participants are starting to dovishly reduce their rate-hike expectations…

In other words, the market is screaming “get back to work Mr.Powell”.

*  *  *

It’s official: as of this morning, the S&P is in a correction, having tumbled 10% from its all time high recorded at the start of the month…

… with the Russell suffering an even more humiliating fate, as it entered a bear market at roughly the same time, tumbling 20% from its early November all time high.

The opening puke was precipitated by a marketwide flush, manifesting in the most negative opening TICK in a year at -1,897…

… which was also the 2nd most negative TICK of 2022 as everyone hit the sell button at the same time.

And as stocks (and cryptos) crash, and yields tumble, the VIX is exploding above 35, the highest since Jan 2021, and the level which DataTrek said would likely mark the bottom in sentiment.

Commenting on today’s market technicals, SpotGamma writes that Fridays expiration leads to a reduction in gamma, but we still anticipate high volatility for today. Resistance is at 4400 followed by 4453. Support lies at 4356 and 4330. We are now clearly below both supports.

As SG warns, “This is a very fragile, unstable market which is likely prone to large, directional swings” and continues:

As there was a substantial expiration on Friday, we expect that many hedges need be settled across indicies and single stocks. Based on this we anticipate some opening chop due to these hedge adjustments. For example TSLA, which had nearly $20bn in call deltas expiring Friday, is quoted in premarket trading at ~$900 (-4.5%)

However, we generally believe that the expiration of large put options can lead to a short cover rally in markets. Due to large negative gamma position, we think these rallies could be violent, but offer little stability and could mean revert quickly.

Echoing Goldman, SpotGamma notes that it does not think there can be a material rally in stocks until after Wednesdays FOMC. Aside from investors waiting to assess various policy implications, its likely that traders are hedging the event which will hold implied volatility high. This limits the positive vanna flows that could enter the market.

With this in mind, both short dated S&P options & the VIX are at 30 which implies a 1.8% 1 day move. This places the term structure in a backwardated position, which suggests a fair amount of fear in markets. Again, given the FOMC, we think that traders may look to sell very short dated “pre-FOMC” IV which could provide a brief market tailwind, too.

And with stocks taking out low after low, SpotGamma cautions that there are essentially 2 zones for support. One is at 4275, and the other is well south at 4080. If traders elect to initiate new put positions that would pressure markets lower, and increase elevated IV levels. This could accelerate the velocity of any downside move.

II)USA DATA

US Services PMI Crashes To 18-Month Lows As Omicron Strikes

 MONDAY, JAN 24, 2022 – 09:54 AM

With US macro data serially disappointing in recent weeks, it should come as no surprise that analysts expected both Services and Manufacturing surveys from Markit to slide further in preliminary January data. The analysts were right in direction but the magnitude was dramatically worse with Manufacturing dropping from 57.7 to 55.0 (worse than the 56.8 expected) while Services collapsed from 57.6 to 50.9 (hugely worse than the 55.0 expected)…

Source: Bloomberg

That is the lowest Services print since July 2020 and lowest Manufacturing since October 2020, which combined dragged the US Composite PMI down to July 2020 lows – now second only to Japan for the weakest economy in the developed world.

Source: Bloomberg

Commenting on the PMI data, Chris Williamson, Chief Business Economist at IHS Markit, said:

“Soaring virus cases have brought the US economy to a near standstill at the start of the year, with businesses disrupted by worsening supply chain delays and staff shortages, with new restrictions to control the spread of Omicron adding to firms’ headwinds.

“However, output has been affected by Omicron much more than demand, with robust growth of new business inflows hinting that growth will pick up again once restrictions are relaxed. Furthermore, although supply chain delays continued to prove a persistent drag on the pace of economic growth, linked to port congestion and shipping shortages, the overall rate of supply chain deterioration has eased compared to that seen throughout much of the second half of last year. This has in turn helped lift manufacturing optimism about the year ahead to the highest for over a year, and has also helped bring the rate of raw material price inflation down sharply. Thus, despite the survey signalling a disappointing start to the year, there are some encouraging signals for the near-term outlook ”

Nevertheless, Q1 GDP looks like it’s going to be a big disappointment…

Will The Fed be hiking rates in a recession?

Finally, we note that this trend in PMIs is not a good sign for US equity markets…

In fact, perhaps it is the market that is leading Markit lower.

end

III)A USA COVID UPDATES.

Disclose.tv on Twitter: “NOW – Thousands gather in front of the Lincoln Memorial in Washington DC to protest against vaccine mandates. https://t.co/rlDXSr1xpN” / Twitter

Inbox

Robert HryniakSun, Jan 23, 6:08 PM (14 hours ago)
to

The narrative is dying as peaceful Americans say NO to mandates.

Cheers
Robert

Watch Live: Sen. Johnson Holds Star-Studded COVID-19 ‘Second Opinion’ Hearing

 MONDAY, JAN 24, 2022 – 09:06 AM

US Senator Ron Johnson (R-Wis.) is holding a panel discussion, COVID 19: A Second Opinion, this morning.

The invited speakers – a star-studded group of world renowned doctors and medical experts – will provide a different perspective on the global pandemic response, the current state of knowledge of early and hospital treatment, vaccine efficacy and safety, what went right, what went wrong, what should be done now, and what needs to be addressed long term.

Medical experts and doctors

Four Pillars of Pandemic Response

  • Dr. Peter McCullough

Pillar 1: Limit the spread

  • Dr. Bret Weinstein
  • Dr. Jay Bhattacharya

Pillar 2: Early at Home Treatment

  • Dr. Ryan Cole
  • Dr. Harvey Risch
  • Dr. George Fareed
  • Dr. Pierre Kory
  • Dr. Richard Urso

Pillar 3: Hospital Treatment

  • Dr. Paul Marik
  • Dr. Aaron Kheriaty 

Pillar 4: Vaccines

  • Dr. Robert Malone
  • Dr. David Wiseman

Watch the hearing live here (9amET-12pmETEND

(see zerohedge)

end

Now evidence that the USA government targeted red states with deadly batches of vaccine

Evidence That US Government Targeted Red States With Deadly Batches of Vaccine

Inbox

Robert Hryniak11:27 AM (2 minutes ago)
to

Shocking
https://www.bitchute.com/video/rKSwgSd80a3u/

end

It now starts in the USA: Attorney General in Texas files a criminal complaint against vaccine makers

(special thanks to Robert H for sending this to us)

Criminal complaint filed in Texas accuses COVID-19 vaccine makers and pushers of “murder” and “crimes against humanity” – NaturalNews.com

Inbox

Robert Hryniak4:08 PM (1 hour ago)
to

The tort lawyers have yet to really gear up in the US, however it has started. 

https://www.naturalnews.com/2022-01-23-criminal-complaint-filed-covid19-vaccine-makers-murder-crimes-against-humanity.html

Criminal complaint filed in Texas accuses COVID-19 vaccine makers and pushers of “murder” and “crimes against humanity”

JD Heyes

Image: Criminal complaint filed in Texas accuses COVID-19 vaccine makers and pushers of “murder” and “crimes against humanity”

(Natural News) A massive criminal complaint filed last week with Texas Attorney General Ken Paxton’s office accuses the makers of COVID-19 vaccines, as well as all corporate and government officials involved in pushing and distributing them, with “murder” and “crimes against humanity.”

The complaint, which was filed by Harris County resident Jack E. Boteler, represents “all interested parties and subscribed citizens and residents of the United States of America who received any Emergency Use Authorization investigational injection of genetic biologic material (mRNA or adenoviral DNA) coding for the Wuhan spike protein known to be the pathogenic structure of SARS-CoV-2 designed to provoke the human body to produce antibodies for Covid 19, commonly referred to as the ‘Covid 19 vaccines.’”

Some of those specifically named in the complaint include:

— Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and the Chief Medical Advisor to President Joe Biden;

— George Soros, billionaire financier and globalist counter-revolutionary

— Dr. Deborah Birx, White House Coronavirus Response Coordinator under President Donald Trump

— Director-General Tedros Adhanom Ghebreyesus of the World Health Organization

— Dr. Francis Collins, former director of the National Institutes of Health

— CNN founder and billionaire media mogul Ted Turner

— Billionaire Microsoft founder and noted vaccine pusher Bill Gates

— The directors and principals of the Food and Drug Administration, Dept. of Health and Human Services; the NIH, NIAID, and several other U.S. government agencies;

— Big Pharma

— Anyone else associated with manufacturing, marketing, and distributing COVID vaccines.

“This Complaint alleges murder and crimes against humanity arising from a collection of facts, observations, expert opinions, media reports and eye-witness testimony,” Boteler’s complaint continues.

“It will show that Defendants planned and executed, jointly and/or severely, the development and release of a bio warfare toxin, referred to herein as either “SARS-CoV-2” or “Covid 19” and/or as the ‘Spike Protein’ component with the dual objectives of: 1) global depopulation, and 2) population control leading to a one-world government by inducing panic, economic hardship, terror, death and injury to global populations,” it adds.

Boteler also explained:

By employing psychological warfare mechanisms, including but not limited to media reports, public policy, coercion, deceit, mandates, bribes, travel restrictions, employment restrictions, free speech restrictions and liberty restrictions, this complaint will also show that Defendants seek to induce the global population into receiving a pre-planned experimental gene therapy commonly referred to as “Covid 19 Vaccines” in furtherance of their aforementioned objectives.

The complaint then laid out cases against Fauci, Gates and others who are listed as defendants, citing reams of data, several reports and a timeline of events spanning decades and leading up to what the complaint alleges was the purposeful release of SARS-CoV-2 after it was manufactured in a Wuhan, China lab. It also cites Fauci for allegedly funding “gain of function research” that creates hyper-infectious viruses, ostensibly for the purpose of research.

It also quotes Fauci, who reportedly met with then-President-elect Donald Trump to warn: “There is no question that there will be a challenge to the coming administration in the arena of infectious diseases. … The thing we’re extraordinarily confident about is that we are going to see this in the next few years.”

The complaint concludes, “The overwhelming sum of information presented herein, much of it incontrovertible, offers more than sufficient probable cause to believe that one or more of the named Defendants has committed the offenses alleged in this Criminal Complaint, specifically mass murder through the commission of crimes against humanity.”

Defendants “planned, coordinated, colluded and collaborated among two or more named and unnamed Defendants to design a criminal enterprise” surrounding the creation of COVID-19, says the complaint, adding they also conspired to create a biological weapon which was eventually unleashed on the world.

 

Watch: Fauci Declares It “Entirely Conceivable” That A Fourth Booster Vaccine Will Be Needed

 MONDAY, JAN 24, 2022 – 11:00 AM

Authored by Steve Watson via Summit News,

Appearing on ABC’s This Week Sunday, Anthony Fauci declared that it is “entirely conceivable” that a fourth booster vaccine will soon be needed by all Americans who wish to be considered ‘fully vaccinated’.

“We may need to boost again. That’s entirely conceivable,” Faiuci said, adding “Before we make that decision about yet again another boost, we want to determine clearly what the durability of protection is of that regular boost.”

Watch:

Fauci’s comments come hours after CDC head Rochelle Walensky announced an update to the definition of ‘fully vaccinated’.

“What we are really working to do is pivot the language to make sure that everybody is as up to date with their Covid-19 vaccines and they personally could be based on when they got their last vaccine,” Walensky said Friday.

She added “So importantly right now, we are pivoting our language, we really want to make sure people are up to date. That means if you recently got your second dose, you are not eligible for a booster, you’re up to date. If you are eligible for a booster and you haven’t gotten it, YOU’RE NOT UP TO DATE and you need to get your booster in order to be up to date.”

Watch:

According to an Economist/YouGov survey released last week, almost one-third of Americans (31 percent) say they have not received a COVID vaccination, with 64 percent of those people saying they do not plan on getting any of the shots, and just 20 percent noting they “might” get one in the future.

Israel has instituted a fourth booster shot, and has just become the number one country in the world for new coronavirus infections per capita.

*  *  *

Brand new merch now available! Get it at https://www.pjwshop.com/

In the age of mass Silicon Valley censorship It is crucial that we stay in touch. We need you to sign up for our free newsletter here. Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, we urgently need your financial support here.

end

iiiB) important USA economic stories for you tonight

end

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

END

iv)swamp stories

Biden family received $31 million from Chinese officials with links to the highest levels of Chinese intel

By Pamela Geller – on January 23, 2022

 Biden family received $31 million from Chinese officials with links to the highest levels of Chinese intel – Geller ReportInbox

Robert Hryniak12:16 PM (23 minutes ago)
to

Is it not a time for America to be America and not a captive foreign controlled entity?
This should be a set rule that no politicians should receive any funds from foreign entities nor domestic ones exceeding $1000, how many current incumbents would stick around?

KING REPORT/SWAMP STORIES

Bitcoin drops to six-month low as selloff continues https://trib.al/X4CkmzN
 
The equity rescue team appeared at 10:23 ET, driving ESHs from a low of 4412.50 to 4443.00 in only 4 minutes!  The S&P 500 Index rallied to 4447.26 and was safely above its 200-DMA.  This rescuing of stocks after important technical breaches has repeatedly occurred for the past several years.  All the incidents cannot be natural occurrences!  Who is doing this?  Qui bono?
 
By 10:37 ET ESHs hit 4466.00, a 54-handle (1.22%) jump in only 14 minutes.  Once again, we must state that no sane organic buyer would purchase stocks or ESHs in such a reckless manner.  The buying was pure manipulation, AKA ‘impact trading’.  Someone saved the stock market.  Qui bono?
 
@StockCats: Thank you for calling the Plunge Protection Team. We are currently experiencing heavy call volume, but your call is important to us.” (Social media teamed with similar comments re: the rally)
 
@bespokeinvest 10:35 AM ET · Jan 21, 2022: Nasdaq on pace for its worst January on record. Jan-22: -10.8% (a/o 1/21); Jan-08: -9.9%; Jan-90: -8.6%; Jan-16: -7.9%; Jan-09: -6.4%
 The Fed announced that its reverse repo facility hit a new all-time high of $1.706 trillion.  There is at least $1.706T of excess liquidity in the system – yet stocks have declined sharply this month!

The Nasdaq 100 sank 7.5% for the week, the worst weekly tumble since March 2020.  Nasdaq closed at 13,768.92; the S&P 500 500 Index closed 32 handles below its 200-day moving average. Germany Blocks NATO Ally Estonia from Transferring German-Origin Weapons to Ukraine, Officials Say – WSJ

Reuters: Political advisers from Russia, Ukraine, France and Germany will hold “Normandy format” talks on eastern Ukraine in Paris on Jan. 25, a source in Russian President Vladimir Putin’s administration said on Saturday…   https://www.reuters.com/article/us-ukraine-crisis-russia-talks/political-advisers-to-hold-four-way-talks-on-ukraine-in-paris-idUSKBN2JW0C4

@JackPosobiec: US media won’t talk about this, but Western Europe is moving away from US-led NATO and going their own way on relations with Moscow

Europe’s disdain for The Big Guy must petrify and greatly disturb the US Establishment and Globalists.  How will they remedy Team Biden?

Ex-CIA ops officer @BryanDeanWright: The Biden family has made millions in Russia & Ukraine via shady business deals.  I’m sure that’s totally disconnected from the war that’s about to start.

@LukeGromen: “Why is Putin doing what he’s doing?  Partly because it’s the only way he can hold onto power and get 60% approval ratings in the polls in Moscow.  But it is partly too because we reneged on George H. W. Bush and Jim Baker’s promise to Edward Shevardnadze, then theForeign Minister of the USSR becoming Russia, and to Gorbachev and later to Yeltsin, and these are almost Jim Baker’s verbatim words, that “In exchange for their not raising any hue and cry over the most monumental diplomatic achievement of the late 20th Century the reunification of Germany, that we would not go one further inch east with NATO,” those are Jim Baker’s words.”
    “What did Bill Clinton do?  He didn’t go one step further east; he went COUNTRIES further east.”
    “He even contemplated, and Obama kept it up, Georgia and Ukraine.  We even fomented the revolution in Kiev.”  “What was Putin to do?  1/3 of the Soviet military’s heavy armament comes from Ukraine.  Their most important naval bases are in Sebastopol and Odessa.”…

Kremlin plan to install pro-Russian leadership in Ukraine exposed – UK Foreign Office
Foreign Secretary statement on Kremlin plan to install pro-Russian leadership in Ukraine exposed
We have information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine. The former Ukrainian MP Yevhen Murayev is being considered as a potential candidate…
https://www.gov.uk/government/news/kremlin-plan-to-install-pro-russian-leadership-in-ukraine-exposed

@aaronjmate: Sounds like Britain has taken what the US actually did to Ukraine in 2014, and rebooted it for Russia. Here’s Obama-Biden official Victoria Nuland & then-US Amb. Geoffrey Pyatt privately deciding to install Arseniy Yatsenyuk (“Yats is the guy”) as Ukraine’s next Prime Minister: https://t.co/0fTraRMEvl

@DevinNunes tells @MariaBartiromo The invasion into Ukraine started in 2014 under Obama and Bidenhttps://t.co/QijHrbc0uq@DevinNunes says The FBI knows what information Russia, China, and Ukraine has on politicians. The public deserves to know but the information still not out there.
https://twitter.com/AKA_RealDirty/status/1485283895557988358

@Peoples_Pundit: The impeachment over Ukraine starting to make a little more sense to everyone now?

Sky News’s @haynesdeborah: @SkyNews understands that the @FCDOGovUK claim about Russia scheming to install a pro-Kremlin government in Kyiv is based on US-led intelligence, rather than UK-led intelligence

German navy chief Schönbach resigns over comments on Putin, Crimea – Die Welt
Vice Admiral Kay-Achim Schönbach stepped down as the head of the German navy after publicly saying Crimea was lost to Ukraine and that Vladimir Putin “probably” deserved respect…
https://www.dw.com/en/german-navy-chief-sch%C3%B6nbach-resigns-over-comments-on-putin-crimea/a-60525709

@sidhant: Does Russia really wants a small tiny strip of Ukraine soil? Or integrate in the country, no this is nonsense… Putin is probably putting pressure, cz he knows he can do it & it splits the EU… but what he really wants is high level respect”, says German Navy Chief in Delhi… Putin wants respects… Giving some respect is low cost or no cost. Russia deserves respect. We, India, Germany need Russia against China: German Navy Chief in Delhi…  https://twitter.com/sidhant/status/1484608264142987268

Late Friday morning, Biden surfaced to pitch support for the US semiconductor industry.  The Big Guy stated that he would NOT take any questions because he did NOT want to address questions about Russia.

Biden: “The reason we’re not going to have any time for questions now is these guys have got to get quickly on a plane and go out and do a major announcement in Ohio. And you guys will ask me all about Russia and not about anything having to do with chips.”
https://twitter.com/RNCResearch/status/1484568323346026497

What will The Big Guy and his team do if Putin takes Donbas and Xi take Taiwan?

@dockaurG (MD): History of Natural Immunity: •Past ~2500 years: scientific fact  •January 2020 – January 2022: vilified as a conspiracy theory •January 20, 2022: hailed a new political discovery

Dr. Andrew Huff @AGHuff: Dr. Peter Daszak told me that he was working with the CIA.  I am blowing the whistle on EcoHealth Alliance. The truth will get out to everyone. There is A LOT more to the story.
Coming soon in print and other media.   https://twitter.com/AGHuff/status/1484590313704509445

Inflation, Crime Are Top Voter Concerns
Rasmussen Reports finds that 88% of Likely U.S. voters are at least somewhat concerned about inflation, including 62% who are Very Concerned. Similarly, 88% of voters are at least somewhat concerned about violent crime, including 61% who are Very Concerned about the problem…
https://www.rasmussenreports.com/public_content/politics/general_politics/january_2022/inflation_crime_are_top_voter_concerns

Biden’s inflation problem, in stark relief – Many polls were conducted around Biden’s one-year anniversary as president; one stood out when it comes to what lies ahead
    While inflation has been a persistent concern for Americans dating back to the spring, the poll showed it taking clear preeminence over other issues both in terms of importance and negative reviews of Biden… Biden this week emphasized that inflation is generally an issue for the Federal Reserve…
https://www.washingtonpost.com/politics/2022/01/21/bidens-inflation-problem-stark-relief/

Fox: Families of US Embassy personnel in Ukraine ordered to begin evacuating as soon as Monday
Advanced Russian fighter jets have now arrived in Belarus, north of Ukraine.  The Pentagon is concerned that Ukraine’s capital is “now in the crosshairs,” another official added…
https://www.foxnews.com/world/us-embassy-personnel-family-in-ukraine-ordered-begin-evacuating-officials

Russian rockets roll toward Belarus
Russia is moving two divisions of its S-400 Triumph air-defense systems, designed to take down enemy warplanes, into neighboring Belarus to take part in military exercises, the Ministry of Defense confirmed on Friday…  https://www.thedallasnews.net/news/272220712/russian-rockets-roll-toward-belarus

@Peoples_Pundit: Simple question: How is Ukraine in the vital national security interest of the United States?Ukraine isn’t “westernizing”. That’s just a cute word for western elites who have a ton of money riding on the nation’s energy sector. You know, like the Biden Family.  Half the country identifies with Russia, and almost all of it hates the U.S. for constantly meddling…
  Only 20% of the country thinks Russia is the number one enemy of the United States. Most rightfully view China as the threat, a nation we are grossly unprepared to fight because elites keep blowing blood and treasure to protect their corrupt personal retirement accounts.

Before Dems made Oleg Deripaska a boogeyman, Hunter Biden plotted to make money off Russian
Joe Biden’s son pitched an $80,000 business deal to Alcoa to research the Russian oligarch just weeks after his father gave a speech in Russia mentioning the U.S. firm, emails state.
https://justthenews.com/accountability/russia-and-ukraine-scandals/dems-made-oleg-deripaska-boogeyman-hunter-biden-plotted

Biden Weighs Deploying Thousands of Troops to Eastern Europe and Baltics – NY Times
https://www.nytimes.com/2022/01/23/us/politics/biden-troops-nato-ukraine.html

WSJ: U.S. Food Supply Is Under Pressure, From Plants to Store Shelves – Weeks of workers calling in sick add to continuing supply and transportation disruptions, making store shelves harder to fill
https://www.wsj.com/articles/from-plants-to-store-shelves-u-s-food-supply-is-under-pressure-11642933805As Biden’s struggles and his popularity wanes, eyes turn to his chief of staff and possible accusations of lacking leadership and ‘micromanagement’

  • White House Chief of Staff Ron Klain has come under fire as Joe Biden’s popularity wanes and Democrats struggle to pass the president’s Build Back Better bill
  • The complaints: He ‘micromanages,’ he’s too deferential to the liberal wing of the party, and he pays way to much attention to cable news and social media…

https://www.dailymail.co.uk/news/article-10428417/As-Bidens-struggles-chief-staff-comes-fire.html

Aaron Rodgers Crushes President Biden for Vaccine Demands
“When the president of the US says, ‘pandemic of the unvaccinated,’ it’s because him and his constituents, which, I don’t know how there are any if you watch any of his attempts at public speaking, but I guess he got 81M votes.”…
    “But when you say stuff like that, and then you have the CDC, which, how do you even trust them, but then they come out and talk about 75% of the COVID deaths have at least four comorbidities,” Rodgers goes on.  “And you still have this fake White House set saying that this is the pandemic of the unvaccinated, that’s not helping the conversation.”…
https://www.outkick.com/aaron-rodgers-crushes-president-biden-for-vaccine-demands/

‘Are They Censoring Terrorists or Pedophiles?’ Aaron Rodgers DESTROYS Cancel Culture Mob
We’re censoring dissenting opinions?…  they’re censoring people, and they’re shadow-banning people who have dissenting opinions about vaccines,” Rodgers told ESPN. “Why is that? Is that because Pfizer cleared $33 billion last year and Big Pharma has more lobbyists in Washington than senators and representatives combined? Why is the reason?…
https://www.toddstarnes.com/cancel-culture/are-they-censoring-terrorists-or-pedophiles-aaron-rodgers-destroys-cancel-culture-mob/

John Kass: President Biden floats witlessly and America is on the hook with him
Now you know why America’s real presidents—perhaps White House Chief of Staff Ron Klain and Susan Rice—have kept Joe Biden in the basement for so long… They had to let him out, with his poll numbers dropping
   Mr. Biden was not asked a single question about the epidemic of rising violent crime in American cities ruled by Democrats. But he was able to reveal the important thing, proving in public what Americans have long suspected. His mind has become soft…There is nothing as menacing to the world as a weak president in deep political trouble who is desperate to be led by the hand…
    If former President Donald Trump or any other Republican acted this way, the entire country and all media would be dusting off the 25th Amendment…
https://johnkassnews.com/biden-the-president-as-a-soft-biscuit-with-putin-and-xi-jinping-salivating-as-he-floats-on-by/

Pols go soft on crime, and cops pay with their lives
Beat the drum slowly for the NYPD — one officer shot dead and another grievously wounded Friday evening in service to a city that gave up on gun violence years ago, and that now is paying the price for having done so… https://nypost.com/2022/01/22/pols-go-soft-on-crime-and-cops-pay-with-their-lives/

Detroit man accused of setting pregnant girlfriend on fire released on 10% bond
The girlfriend is pregnant with twins and was burned on over 60% of her body
https://www.foxnews.com/politics/detroit-man-accused-setting-pregnant-girlfriend-fire-released-10-percent-bond

@yael_becker: NYPD arrested a 9 year old child in NYC because she didn’t have a vax card in a museum. We are destroying lives. This has to stop!https://twitter.com/yael_becker/status/1484196546358956032

@TomFitton: No surprise President Biden would question the legitimacy of election his party is likely to lose.  This has been a standard excuse for election losses from his party and media allies for decades. They played this game in 1968, 1980, 2000, 2004, 2016.  And indeed the Left was planning violence and war gaming secession if Trump “won” in 2020.  And many would argue that “Watergate” was a vehicle to relitigate Nixon’s overwhelming victory in 1972.

@MZHemingway: Dems are in a pickle. They REGULARLY question elections, but have been asserting 2020–which we all know was unlike any in our history–is beyond question. Recent tangled rhetoric is an attempt to reclaim their long-held stance of doubting GOP election wins.

Mitch McConnell is accused of racism by Ilhan Omar and slew of Dems who misconstrue his words after he correctly pointed out that African Americans are voting in just as high a percentage as other Americans after voting rights bill defeat

  • ‘The concern is misplaced because you if you look at the statistics, African-American voters are voting in just as high a percentage as Americans,’ he said
  • McConnell’s phrasing was poorly received by Democrats, who insisted that he meant to ‘other’ black people as non-American

https://www.dailymail.co.uk/news/article-10424409/Mitch-McConnell-accused-racism-Dems.html

‘We Have to Break Through This Idea That Kids Belong to Their Parents’ – MSNBC Anchorhttps://t.co/XjZkduMVfj

Congress’s 1/6 Committee Claims Absolute Power as it Investigates Citizens with No Judicial Limits – The Committee plotted with JPMorgan and its lawyer, former Obama AG Loretta Lynch, to obtain a citizen’s financial records with no possibility of judicial review.
    Lawyers for the committee have been explicitly arguing that nothing proscribes or limits their authority to obtain data regarding whichever citizens they target and, even more radically, that the checks imposed on the FBI (such as the requirement to obtain judicial authorization for secret subpoenas) do not apply to the committee…
    Under the Constitution and McCarthy-era Supreme Court cases interpreting it, the power to investigate crimes lies with the executive branch, supervised by the judiciary, and not with Congress…
    What Congress is barred from doing, as two McCarthy-era Supreme Court cases ruled, is exactly what the 1/6 committee is now doing: conducting a separate, parallel criminal investigation in order to uncover political crimes committed by private citizens…
    But with the media overwhelmingly cheering anything done in the name of stopping the Trump movement and those who supported 1/6 in any way, all of these civil liberties concerns and constitutional protections are run roughshod over in the name of safety…
https://greenwald.substack.com/p/congresss-16-committee-claims-absolute

Babylon Bee: Cracker Jack Changes Name to More Politically Correct Caucasian Jack

end

Let us wrap up today with this interview of Clif High

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

Greg Hunter via aweber.com Jan 22, 2022, 10:34 PM (12 hours ago)
to Harvey

Vax Die-Off for Next Three Years – Clif High 1.22.22 | Greg Hunter’s USAWatchdog

Vax Die-Off for Next Three Years – Clif High

By Greg Hunter On January 22, 2022 In Political Analysis 83 Comments

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Clif High is an Internet data mining expert who uses “Predictive Linguistics” and computer programs to sort through billions of bits of information on the Internet to predict future trends and events. Some of his most disturbing trends he has spotted in his data analysis surround the CV19 vax. High is seeing the vax narrative breaking down. It may only be a matter of weeks before the restrictions and coerced injections are over, but that does not mean it’s clear sailing. According to High, the worst by far is yet to come. High explains, “So, it’s breaking down. The real horror is yet awaiting us, and that’s when all of the people who have been harmed by these injections wake up and realize they have been harmed and will have the natural emotions that accompany that.”

The CDC is now reporting a 40% increase in death totals for 2021. The reports are saying the huge increase is “unexplained.” High and many others say the CV19 injections explain it all, and it’s only going to get much harder to explain. High’s analysis says, “I think we are looking at three years here before it peaks: 2022, 2023 and 2024. There is a lot of stuff in the data that says 2024 will be the tail-off of it. So, we have a number of very rough years ahead of us. Each year in succession will have more people dying than the year before. There is also going to be more infirmities, more illness and more of a drain on the system. In this three years, we will take the globalists to task and hold them accountable for their crimes. We are going to have a ‘red pill’ moment that’s coming soon. It’s not going to take months. It’s not going to take weeks. It’s going to take a short period of time, and many of them are going to go ballistic. So, I expect frequent, irregular, episodic, periods of chaos. They won’t be lashing out at society at large. They will be lashing out at their abusers. . . . You will need to stand back. People will need to understand that there will be a section of the social order that is going to go crazy in anger, grief and all of this. These will be very violent reactions to having been poisoned, and some of them will be spectacularly so in terms of the violence of it. It’s not going to be wise to hang out around these elite guys.”

High’s analysis now says at least “30 million people will die from the CV19 injections” one way or another in the next few years, and that could be a very low estimate.

Clif High talks about many subjects including the so-called “financial reset,” China, Bitcoin, gold, silver (which High predicts will be more expensive that gold one day), the 2022 Election and why 28 Democrat Congressmen are not running for re-election, the crash of the financial system as we know it in 2022, the Petro dollar, inflation, why you need cash, and the Fed that High says is dying and the Fed knows it. That and a lot more in this one hour and ten-minute in-depth interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with data mining expert Clif High. (1.22.22)

(To Donate to USAWatchdog.com Click Here)

After the Interview:

Clif High says he no longer sells his Internet data mining reports, but he does commentary about his data mining research and gives free analysis on his Bitchute channel.

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