FEB 15/A RAID DAY FOR GOLD AND SILVER: GOLD CLOSED DOWN$12.70 TO $1855.20//SILVER WAS DOWN 46 CENTS TO $23.37//GOLD STANDING DROPPED AGAIN VIA A 900 OZ EFP JUMP TO LONDON//NEW STANDING 58.419 TONNES//SILVER OZ STANDING FOR FEBRUARY INCREASES BY 135,000 OZ//NEW STANDING 7.690 MILLION OZ//COVID UPDATES//VACCINE MANDATES//VACCINE IMPACT//CANADIAN FREEDOM CONVOY UPDATES: OTTAWA CHIEF OF POLICE RESIGNS//TRUDEAU’S NEW EMERGENCY INACTMENTS//RUSSIA MOVES BACK FROM UKRAINE BORDER//RUSSIA PASSES INDEPENDENCE FOR THE TWO OBLASTS//SWAMP STORIES FOR YOU TONIGHT//

FEB 15

FEB15

 · by harveyorgan · in Uncategorized · Leave a comment ·Edit

GOLD; DOWN $12.70 to $1855.20

SILVER: $23.38 DOWN 46 CENTS

ACCESS MARKET: GOLD $1853.40

SILVER: $23.37

Bitcoin:  morning price: $44,243 UP $2043

Bitcoin: afternoon price: $44,140 UP $1940

Platinum price: closing DOWN $5.75 to $1026.60

Palladium price; closing DOWN  $75.95  at $2252.20

END

end

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation

comex notices//JPMorgan  notices filed//comex notices//JPMorgan  notices filed 0/0  


  COMEX//NOTICES:EXCHANGE: COMEX  FILED:EXCHANGE: COMEX 

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

total notices so far:  17,478 contracts for 1,747,800 oz (54.363 tonnes)

SILVER NOTICES: 

0 NOTICE(S) FILED TODAY FOR  nil   OZ/

total number of notices filed so far this month  1278  :  for 6,390,000  oz

GLD

WITH GOLD DOWN $12.70

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS):

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//

NO CHANGES AT THE GLD:

CLOSING INVENTORY :1019.44 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 46 CENTS:/:

NO CHANGES IN SILVER INVENTORY AT THE SLV/: 

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 547.808 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE


SILVER COMEX OI FELL BY A TINY 178 CONTRACTS TO 159,698  AND RESTS FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND DESPITE  THIS TINY LOSS IN OI, IT WAS ACCOMPANIED WITH OUR CONSIDERABLE $0.49 GAIN  IN SILVER PRICING AT THE COMEX ON MONDAY.  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.49) AND WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A GOOD GAIN OF 521 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  GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.110 MILLION OZ FOLLOWED BY TODAY’S 135,000 OZ QUEUE JUMP//NEW STANDING 7.590 MILLION OZ.         V)    HUGE 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  -368

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

TOTAL CONTACTS for 11 days, total  contracts: :  6068 contracts or 30.340 million oz  OR 2.758 MILLION OZ PER DAY. (551 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 6068 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 30.34 MILLION OZ

.

LAST 10 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 

JAN 2022//  90.460 MILLION OZ

FEB 2022:  30.34 MILLION OZ//

SPREADING OPERATIONS

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

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

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 (MAR), 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.”

RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 178 DESPITE OUR CONSIDERABLE  $0.49 GAIN SILVER PRICING AT THE COMEX// MONDAY  THE CME NOTIFIED US THAT WE HAD A  GOOD  SIZED EFP ISSUANCE OF  699 CONTRACTS( 699 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: /HUGE BANKER SHORT COVERING AS THEY GET OUT OF DODGE//// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR FEB OF 4.1 MILLION OZ FOLLOWED BY TODAY’S 135,000 OZ QUEUE JUMP  //NEW STANDING 7.690, MILLION OZ//  .. WE HAD A GOOD  SIZED GAIN OF521 OI CONTRACTS ON THE TWO EXCHANGES FOR 2.605 MILLION OZ//

 WE HAD 0 NOTICES FILED TODAY FOR  nil OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE SIZED 14,246 TO 560,182 AND CLOSER TO  OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: —254  CONTRACTS.

THE BIS HAS ABANDONED THE GOLD COMEX TRADING!!!

.

THE   HUGE SIZED INCREASE IN COMEX OI CAME WITH OUR HUGE  GAIN IN PRICE OF $27.20//COMEX GOLD TRADING/MONDAY/.AS IN SILVER WE MUST  HAD   HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION  AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALED  12,314 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR FEB AT 64.3 TONNES FOLLOWED BY TODAY’S 900 OZ E.F.P. JUMP TO LONDON   //NEW STANDING: 58.419 TONNES      

YET ALL OF..THIS HAPPENED WITH OUR STRONG GAIN IN PRICE OF $27.20 WITH RESPECT TO MONDAY’S TRADING

WE HAD A VERY STRONG SIZED GAIN OF 21,249  OI CONTRACTS (66.09 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED  6903 CONTRACTS:

FOR APRIL 6903  ALL OTHER MONTHS ZERO//TOTAL:6903 

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 560,182.

IN ESSENCE WE HAVE A VERY STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 21,249, WITH 14,346 CONTRACTS INCREASED AT THE COMEX AND 6903 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 21,249 CONTRACTS OR 66.88TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6903) ACCOMPANYING THE HUGE SIZED GAIN IN COMEX OI (14,346,): TOTAL GAIN IN THE TWO EXCHANGES 21,249 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR FEB. AT 64.30 TONNES WHICH FOLLOWS TODAY’S  E.F.P. JUMP TO LONDON  OF 900 OZ//NEW STANDING 58.419 TONNES//  3) ZERO LONG LIQUIDATION ,4)  HUGE SIZED COMEX OI. GAIN 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY

FEB

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF FEB :

26,427 CONTRACTS OR 2,642,700 oz OR 82.20  TONNES 11 TRADING DAY(S) AND THUS AVERAGING: 2402 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 11 TRADING DAY(S) IN  TONNES: 82.20 TONNES

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

THUS EFP TRANSFERS REPRESENTS  82.20/3550 x 100% TONNES  2.31% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2022 

JANUARY/2021: 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//FINAL ISSUANCE// 

JAN:2022   247.25 TONNES //FINAL

FEB:           82.20 TONNES//INITIAL

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 TINY SIZED 178 CONTRACTS TO 159,698  AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  4 1/2 YEARS AGO.  

EFP ISSUANCE 699 CONTRACTS

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

MAR 699  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  699 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 178 CONTRACTS AND ADD TO THE 699 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A  GOOD SIZED GAIN OF 521 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 2.605 MILLION  OZ, 

OCCURRED DESPITE OUR  $0.49 GAIN IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

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

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

5. Other gold commentaries

6. Commodity commentaries/cryptocurrencies

3. ASIAN AFFAIRS

i)TUESDAY MORNING// MONDAY  NIGHT

SHANGHAI CLOSED DOWN 34.07 PTS OR 0.98%       //Hang Sang CLOSED DOWN 350.09 PTS OR 1.41%  /The Nikkei closed down 616.49 or 2,23%       //Australia’s all ordinaires CLOSED UP 0.26%  /Chinese yuan (ONSHORE) closed DOWN 6.3580    /Oil UP TO 92/14 dollars per barrel for WTI and UP TO 93.66 for Brent. Stocks in Europe OPENED  ALL RED       //  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.3580. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3603: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST USA DOLLAR/OFF SHORE WEEAKER//

A)NORTH KOREA//USA/OUTLINE

b) REPORT ON JAPAN

OUTLINE

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A VERY STRONG SIZED 14,346 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 INCREASE OCCURRED DESPITE OUR HUGE  GAIN OF $27.20 IN GOLD PRICING MONDAY’S COMEX TRADING. WE ALSO HAD A STRONG SIZED EFP (6903 CONTRACTS). . THEY WERE PAID HANDSOMELY  NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. 

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   ACTIVE DELIVERY MONTH OF FEB..  THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 6903 EFP CONTRACTS WERE ISSUED:  ;: ,   & FEB. 0 APRIL: 6903 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  6903 CONTRACTS 

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUMONGOUS SIZED 21,249 TOTAL CONTRACTS IN THAT 6903 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED  COMEX OI GAIN OF 14,346  CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR FEB   (58.419),

 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

FEB 2022: 58.419 TONNES

THE BANKERS WERE  UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $27.20)AND THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS AS WE HAVE  REGISTERED A  GAIN OF 66.88 TONNES OF TOTAL OI, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR FEB (58.419 TONNES)…

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

NET GAIN ON THE TWO EXCHANGES 19,298 CONTRACTS OR 1,929,800 OZ OR 60.02 TONNES

Estimated gold volume today: 210,585 /// fair

Confirmed volume yesterday: 242,907 contracts  fair 

INITIAL STANDINGS FOR FEB ’22 COMEX GOLD //FEB 15

GoldOunces
Withdrawals from Dealers Inventory in oznil oz
Withdrawals from Customer Inventory in oznil oz
Deposit to the Dealer Inventory in oznilOZ 
Deposits to the Customer Inventory, in oznil
No of oz served (contracts) today0  notice(s)000 OZ
0 TONNES
No of oz to be served (notices)1304 contracts 
130,400 oz
4.055 TONNES
Total monthly oz gold served (contracts) so far this month17,478 notices
1,747,800 OZ
103.25 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

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

total deposit: nil oz

0 customer withdrawal

total withdrawals:  nil    oz  

ADJUSTMENTS:  0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR FEBRUARY.

For the front month of FEBRUARY we have an oi of 1304 stand for  LOSING 44 contracts. 

We had 35 contracts served upon yesterday, so we LOST 9 contracts or an additional 900 oz will NOT  stand on this side of the pond looking for gold metal.

The month of March saw a LOSS of 52 contracts and thus the OI standing is 4192.

April saw a GAIN of 1202 contracts up to 436,761.

June saw a gain of 350 contracts up to 69,591 contracts

We had 0 notice(s) filed today for 1000  oz FOR THE FEB 2022 CONTRACT MONTH. 


Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0  notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the FEB /2021. contract month, 

we take the total number of notices filed so far for the month (17,478) x 100 oz , to which we add the difference between the open interest for the front month of  (FEB: 1304 CONTRACTS ) minus the number of notices served upon today  0 x 100 oz per contract equals 1,878,200 OZ  OR 58.419 TONNES the number of TONNES standing in this  active month of FEB. 

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

No of notices filed so far (17,478) x 100 oz+   (1304)  OI for the front month minus the number of notices served upon today (0} x 100 oz} which equals 1,878,200 oz standing OR 58.419 TONNES in this  active delivery month of FEB.

We LOST 10 contracts or an additional 100 oz will NOT  stand for gold over here

TOTAL COMEX GOLD STANDING:  58.4479 TONNES  (HUGE FOR A FEBRUARY DELIVERY MONTH)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

157,392.690, oz NOW PLEDGED /HSBC  4.89 TONNES

125,410.592 PLEDGED  MANFRA 2.90 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

12,249,333 oz International Delaware:  0..3810 tonne

Loomis: 18,615.429 oz

total pledged gold:  1,553,863.297 oz                                     48.331 tonnes

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 32,665,081  OZ (1016.02 TONNES)

TOTAL ELIGIBLE GOLD: 15,428,326.030 OZ (479.89 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,236,735.572 OZ  (536.13 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,682,872.0 OZ (REG GOLD- PLEDGED GOLD)  487.95 tonnes

END

FEBRUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//FEB 15

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory171,321.130  oz
JPM
CNT
Deposits to the Dealer InventorynilOZ
Deposits to the Customer Inventory77,754.37 oz
CNT
Delaware
No of oz served today (contracts)0CONTRACT(S)
NIL  OZ)
No of oz to be served (notices)260 contracts 
(1,300,000 oz)
Total monthly oz silver served (contracts)1278 contracts 
(6,390,000 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 2 deposits into the customer account

i) Into Delaware:  76,754.57

ii) Into CNT: 1021.200 oz

total deposit:  77,754.57 oz

JPMorgan has a total silver weight: 184.161 million oz/351.500 million =52.37% of comex 

ii) Comex withdrawals: 2

a)Out of CNT 20,255.600 oz

b) Our of JPMorgan: 151,065.530 oz

total withdrawal 171,321.130 oz

we had 1 adjustments// dealer to customer

CNT:  251,981.830 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 83.896 MILLION OZ

TOTAL REG + ELIG. 351.500 MILLION OZ

CALCULATION OF SILVER OZ STANDING FOR FEBRUARY

silver open interest data:

FRONT MONTH OF FEB//2022 OI: 260 CONTRACTS GAINING 27 contracts on the day. We had  0 contracts served upon yesterday.

So we gained 27 contracts or an additional 135,000 oz will stand for silver on this side of the pond.

FOR MARCH WE HAD A LOSS OF 2291 CONTRACTS DOWN TO 64,905 CONTRACTS.

APRIL HAD A 147 GAIN// CONTRACTS RISING TO 230

MAY HAD A  GAIN OF 1810 CONTRACTS UP TO 74,952 contracts

 .

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

Comex volumes: 73,866// est. volume today//fair to good

Comex volume: confirmed YESTERDAY: 68,765 contracts (FAIR)

To calculate the number of silver ounces that will stand for delivery in FEB. we take the total number of notices filed for the month so far at  1278 x 5,000 oz =. 6,390,000 oz 

to which we add the difference between the open interest for the front month of FEB (260) and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the FEB./2021 contract month: 1278 (notices served so far) x 5000 oz + OI for front month of FEB (260)  – number of notices served upon today (0) x 5000 oz of silver standing for the FEB contract month equates 7,690,000 oz. .

We gained 27 CONTRACTS OR 135,000 ADDITIONAL oz of silver will stand at the comex.

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

FEB 15/WITH GOLD DOWN $12.70 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1019.44 TONNES

FEB 14/WITH GOLD UP $27.20 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1019.44 TONNES

FEB 11/WITH GOLD UP $4.50 A HUGE CHANGE IN GOLD IVNETORY AT THE GLD// A DEPOSIT OF 3.48 TONNES INTO THE GLD//INVENTORY RESTS AT 1019.44 TONES

FEB 10/WITH GOLD UP $1.00: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 1015.96 TONNES

FEB 9/WITH GOLD UP $8.05//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1015.96 TONNES

FEB 8/WITH GOLD UP $5.95 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.36 TONNES INTO THE GLD//INVENTORY RESTS AT 1015.96 TONNES

FEB 7/WITH GOLD UP $14.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.24 TONNES FROM THE GLD/////INVENTORY RESTS AT 1011.60 TONNES//

FEB 4/WITH GOLD UP $3.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.75 TONNES FROM THE GLD////INVENTORY RESTS AT 1014.84 TONNES

FEB 3/WITH GOLD DOWN $5.55: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD////INVENTORY RESTS AT 1016.59 TONNES

FEB 2/WITH GOLD UP $7.95//A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.78 TONES OF GOLD INTO THE GLD////INVENTORY RESTS AT 1018.04 TONNES

FEB 1/WITH GOLD UP $5.40: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 31/WITH GOLD UP $10.10//NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 28/WITH GOLD DOWN $8.30//NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 27/WITH GOLD DOWN $36.15//ANOTHER HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.16 TONNES INTO THE GLD.//INVENTORY RESTS AT 1014.26 TONNES

JAN 26/WITH GOLD DOWN $21.60 A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.65 TONNES INTO THE GLD///INVENTORY RESTS AT 1013.10 TONNES

JAN 25/WITH GOLD UP $10.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1008.45 TONNES

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 TONNES

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

CLOSING INVENTORY FOR THE GLD//1019.44 TONNES

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

FEB 15/WITH SILVER DOWN 46 CENTS TODAY : NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.808 MILLION OZ//

FEB 14/WITH SILVER UP 49 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.235 MILLION OZ INTO THES LV////INVENTORY RESTS AT 547.808 MILLION OZ

FEB 11/WITH SILVER DOWN 18 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.573 MILLION OZ///

SLV/FEB 10/WITH SILVER UP 19 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.573 MILLION OZ//

FEB 9/WITH SILVER UP 14 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.573 MILLION OZ//

FEB 8/WITH SILVER UP 15 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.143 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 544.573 MILLION OZ//

FEB 7/WITH SILVER UP 52 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.218 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 541.430 MILLION OZ/

FEB 4/WITH SILVER UP 16 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 539.212 MILION OZ

FEB 3/WITH SILVER DOWN 35 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT539.212 MILLION OZ//

FEB 2/WITH SILVER UP 15 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 5.411 MILLION OZ INTO THE SLV.//INVENTORY RESTS AT 539.212 MILLION OZ/

FEB 1/WITH SILVER UP 18 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 533.801 MILLION OZ

JAN 31/WITH SILVER UP 7 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FORM THE SLV.//INVENTORY RESTS AT 533.801 MILLION OZ//

JAN 28/WITH SILVER DOWN 36 CENTS : NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 27/WITH SILVER DOWN $1.13 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 26/WITH SILVER DOWN 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 25/WITH SILVER UP 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.311 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 535.003 MILLION OZ/

.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//.

SLV FINAL INVENTORY FOR TODAY: 547.808 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

end

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

WALL STREET ON PARADE

Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases

By Pam Martens and Russ Martens: February 15, 2022

Jerome 
Powell & Wall Street Cartoon

If you’re wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here’s a key part of that story.

The Fed’s Federal Open Market Committee (FOMC) made its first announcement that it would begin “tapering” the amount of its purchases of Treasurys and Mortgage-Backed Securities (MBS) on November 3 of last year. On that date, according to the Fed’s own H.4.1 filing, it held $8.063 trillion in debt securities. As of last Wednesday, that figure had risen to $8.395 trillion or an increase (not decrease) of $332 billion in the span of just three months.

The Fed’s practice of buying up debt securities from Wall Street firms in order to add cash (liquidity) to financial markets is called Quantitative Easing or QE, because it is a form of “easing,” not tightening, of credit conditions.

Most Americans understood the Fed to mean last November that it had stopped easing and was now tightening credit market conditions to address inflationary pressures that were taking root in the economy. Instead, the $332 billion in additional debt purchases actually represented the equivalent of a quarter- point cut in interest rates.

As Liz Ann Sonders, Chief Investment Strategist at Charles Schwab tweeted on February 11: “Important to remember that balance sheet shrink is also a form [of] tightening (approximate relationship is $300b of shrink = ~25bps hike)…”

Conversely, if you increase (rather than shrink) your balance sheet by $332 billion in new debt purchases, you’ve effectively eased by 25 basis points (bps), the equivalent of a quarter-point interest rate cut. (25 basis points equal one-quarter point.)

Is it any wonder that inflation, as measured by the Consumer Price Index, hit a 40-year high of 7.5 percent year over year in January?

What the Fed actually announced in its November 3 FOMC statement was that instead of buying $80 billion in Treasury securities and $40 billion in MBS in November, it would buy $70 billon in Treasury securities and $35 billion in MBS. That was a negligible “taper” of $10 billion in Treasurys and an inconsequential $5 billion in MBS. The November 3 statement also indicated that in December the Fed would “taper” another $10 billion from Treasury purchases and another $5 billion from MBS.

But buried in the fine print of the announcement were these two additional mandates for the New York Fed’s Open Market Desk:

“Increase holdings of Treasury securities and agency MBS by additional amounts as needed to sustain smooth functioning of markets for these securities.”

And this:

“Roll over at auction all principal payments from the Federal Reserve’s holdings of Treasury securities and reinvest all principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS.”

The Fed announced further cuts to the amounts it was buying in Treasury securities and MBS in January and February, but the bottom line is that it was still buying up debt instruments (a form of easing) as inflation raged.

The Fed’s current plan is to cease all purchases of Treasury securities and Mortgage- Backed Securities by March.

Removing the punchbowl is not popular on Wall Street and the New York Fed, which carries out the securities purchases for the Fed, does not like to displease Wall Street – since it is literally owned by the megabanks in New York.

end

RUSSIA/UKRAINE TENSIONS EASE AND PRECIOUS METALS DIP.

LAWRIE WILLIAMS: Russia/Ukraine tensions ease and precious metals dip.

As we had predicted, the purported Russian invasion of Ukraine looks to have been more of a myth than reality as some Russian troops and armament is seen to be withdrawing from the Ukraine border area. Maybe President Putin feels he has made his point and, no doubt, NATO and the West will claim that their diplomacy has won the day after all, even if there was never a real likelihood of a Russian invasion move in the first place.

We suspect that, as it has been claimed by Russia all along, that the troop movements have just been part of a major military exercise. However the proximity of this to the Ukraine border probably also had strategic objectives. This would be to assess the likely Ukraine defensive action and Western support were Russia to contemplate a Ukraine incursion at a later date. It could also be an attempt to influence aspirations by Ukraine against joining NATO and the latter’s reaction should such a request be affirmed. Russia probably has the means, anyway, to bring the Ukraine economy to its knees without resorting to what would likely be an extremely costly military attack in terms of lives lost and Western economic sanctions.

Western media is also full of reports of how the Russian position was perhaps misleadingly presented to its own people, but maybe that is, in reality, no different to the way Russia is demonised in Western media. Wars nowadays tend to be a battle for the hearts and minds of the general public who may, or may not, support military confrontation. Was it ever thus?

The net result in the markets, though, of an apparent easing of tensions, has been a sharp marking down of precious metals prices. These had been buoyed up by the geopolitical uncertainties which had been largely instigated by the Western media coverage, egged on by the politicians. As usual, the consequences in terms of price movements have probably been overdone and it may yet be some time before equilibrium returns. Inflationary trends, and moves to keep them under control, should be the principal driving force behind current precious metals price reaction and this will probably be data driven up until the next FOMC meeting, due to take place in mid-March. This should give a better idea of how aggressive the U.S. Federal Reserve Bank (the Fed) is likely to be in its attempts to bring rapidly rising inflation under control.

The Fed will also perhaps be encouraged in that equity market reaction to its apparently more ‘hawkish’ stance has, so far, not been too disturbing, while the latest coronavirus infection surge seems to be coming down fast. In combination, this suggests the U.S. economy should be in relatively strong recovery mode, despite the effects of the high inflation level likely curtaining retail sales growth until the inflation level reduces substantially.

We still feel that the overall economic situation remains positive for gold and silver as safe haven assets, but the possible easing of some global tensions will provide a setback they may take time from which to recover. Negative real interest rates remain the overall key to gold and silver’s performance and these are likely to remain for many months to come.

15 Feb 2022

-END-

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

The following New York Sun article is a very important read

(New York Sun)

New York Sun: The Fed nominees are just corks on the water

Submitted by admin on Mon, 2022-02-14 19:24Section: Daily Dispatches

From The New York Sun
Monday, February 14, 2022

The Senate Banking Committee is fixing to send to the full Senate tomorrow five nominees for governors of the Federal Reserve, including the chairman, Jerome Powell. The New York Sun opposes each of them. 

Yet our overriding concern is not the nominees themselves but the failure of the senators to consider that the root of the problem in our economy lies with the system of fiat money itself

We’ve been beating this drum in one orchestra or another since 1971, when America defaulted on its obligation under Bretton Woods to redeem at a 35th of an ounce of gold dollars presented to it by foreign governments. In the quarter-century of Bretton Woods, unemployment averaged 4.6%. Thomas Piketty’s inequality rate lurked at historic lows, as did the personal bankruptcy rate so closely watched by Senator Warren.

No sooner was Bretton Woods abandoned than those indicators started soaring — and, on average, stayed high. The dollar itself has shed a staggering 98% of its value, measured in gold. Today one would have a hard time getting for a dollar more than an 1,800th of an ounce of gold, a circumstance that would have, we have often said, floored the Founders of America — and of the Federal Reserve itself. …

… For the remainder of the commentary:

https://www.nysun.com/editorials/the-fed-nominees-corks-on-the-water/92061/

END

Brien Lundin on gold and what drives its price

(Brien Lundin/GATA)

Brien Lundin: Geopolitics doesn’t drive gold; only fundamentals do

Submitted by admin on Mon, 2022-02-14 17:14 Section: Daily Dispatches

By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, February 14, 2022

The Russia-Ukraine tensions didn’t help gold last week as much as most believe, and could hurt it more than most now imagine.

Gold soared over $30 on Friday, prompting some gold bugs to cheer on social media … and some gold bears to chalk the entire move to the Russia-Ukraine worries.

Both camps were wrong to some extent.

First let’s examine the bear case. They believe gold’s big move Friday was due entirely to the U.S. State Department news conference warning of an imminent Russian invasion of Ukraine.

This is a popular view, but it ignores that gold had already jumped about $14 before that news conference. Now traders might have sensed something coming, but gold has been rising in fairly consistent fashion since the late-January lows. …

… For the remainder of the analysis:

END

Thom Calandra…

If this is the breakout for gold and silver, you may want The Calandra Report

Submitted by admin on Mon, 2022-02-14 15:28Section: Daily Dispatches

And your subscription will support GATA.

* * *

3:30p ET Monday, February 14, 2022

Dear Friend of GATA and Gold:

If — maybe a big if — the monetary metals are breaking out at last — in any case, they have been holding up pretty well for weeks despite the constant prattling about the Federal Reserve’s plans to raise interest rates — please consider subscribing to The Calandra Report via the special discount offer that was renewed today by newsletter writer and longtime GATA supporter Thom Calandra.

Thom’s work product is prodigious. He usually produces two or three letters each week, closely covering the mining industry and offering actionable information for investors. This letter from last weekend is an excellent example of what Thom provides his subscribers:   

https://mailchi.mp/31fefd6f3fe0/let-banks-not-bodies-fight-wars-bell-copper-ruble-more?e=bf9f6a5475

A regular one-year subscription to The Calandra Report is $225 but GATA supporters can get it this week for $169, with half their payment being donated to GATA. That donation will be $84.50 more help than GATA has ever received from Barrick Gold, Newmont Mining, or the World Gold Council.

Check out Thom’s letter linked above. If you’re favorably impressed, your discount subscription offer with the built-in assistance to GATA can be found here:

The payment mechanism conveniently takes credit cards or Pay Pal.

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

end

Russia again takes note of GATA’s work against gold market rigging

2:31p ET Monday, February 14, 2022

Dear Friend of GATA and Gold:

GATA’s work again is being noticed in Russia.

In June 2004 the deputy chairman of the Russian central bank, the Bank of Russia, speaking to a conference of the London Bullion Market Association in Moscow, provocatively mentioned GATA’s complaint of manipulation of the gold market:

https://www.gata.org/node/11723

Two months ago, in an essay published in several Russian newspapers headlined “Inflation as an Economic Phenomenon,” the lawyer, economist, and historian Andrey Bykov praised GATA’s work, noted the suppression of the gold price via the abrupt dumping of gold futures contracts in the United States, and urged the Russian government to protect the country’s social-insurance fund against inflation by purchasing physical as opposed to “paper” gold.

In his essay, Bykov, who attended GATA’s Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, in 2005, likened gold price suppression to a scheme to monopolize gold. He wrote: “The monopolistic owner of the world’s gold would be able to set the price of the world’s natural wealth as he sees fit.”

A Russian newspaper copy of Bykov’s essay is posted in PDF format at GATA’s internet site here:

https://gata.org/sites/default/files/Bykov- InflationAsAnEconomicPhenomenon-InRussian.pdf

An English translation of the essay is posted in PDF format at GATA’s internet site here:

https://gata.org/sites/default/files/Bykov- InflationAsAnEconomicPhenomenon-inEnglish.pdf

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

GATA BE IN IT TO WIN IT!

4.OTHER GOLD/SILVER COMMENTARIES

Special thanks to GG for providing this for us:

Silver Shortages Suggest We Are Only Months Away From $50 Silver

Inbox

Gijsbert Groenewegen3:03 PM (52 minutes ago)
to Gijsbert

Silver Shortages Suggest We Are Only Months Away From $50 Silver

Feb. 10, 2021 2:20 PM ETSLVPSLVCEFSLVPSILGLDIAUPHYSGDXGDXJAGEXK1.12K Comments248 Likes

Summary

  • Premiums on physical silver coins are at records, and shortages are widespread internationally. This is only possible if silver futures are not priced for a sudden flood of monetary demand.
  • Monetary demand tends to feed on itself, as the higher the price goes for a monetary asset like silver, the higher the demand for it goes, risking a dollar run.
  • Monetary demand for silver suddenly woke up in early February, causing shortages and rare backwardation in silver that we last saw in March 2020, September 2015, and February 2011.
  • After each of those backwardation periods, the paper price of silver skyrocketed within months as arbitrageurs moved in to bridge the physical/paper gap.
  • This backwardation is most similar to February 2011, with silver nowhere near lows, and if history rhymes, it suggests we are only months away from $50 silver.
  • I do much more than just articles at The End Game Investor: Members get access to model portfolios, regular updates, a chat room, and more.  Get started today »

Gold and silver bugs are understandably frustrated with the lack of movement on the silver price while Bitcoin goes beyond the moon. Demand for physical silver has skyrocketed, and physical shortages at coin dealers are acute internationally. New American Silver Eagles from the US Mint are out of stock at even the largest US-based dealers like Apmex, and are only selling in presales at near 50% premiums. ATS Bullion, a London-based precious metals retailer, is completely out of silver coins.

It’s natural and even widespread to blame silver market manipulation for these physical shortages and cry foul. I sort of agree, but not in the way that most silver bugs think. My understanding of silver market manipulation is not really a “throw your hands up” expression of despair or even an accusation of wrongdoing per se. Maybe there’s wrongdoing, but I’m not making any judgments on that either way here. My view is instead a nuanced take on the way the precious metals demand generally expresses itself in the market. I will explain exactly what I mean by this in a minute, but first, on manipulation itself.

I define manipulation as preventing the market-clearing price from being reached by some non-market force. The classic example is minimum wage laws that force surpluses in the labor market (unemployment) or gasoline price controls after hurricanes for example that force major shortages in the affected areas. In that strict sense, there’s no bona fidesilver market manipulation going on because there’s no law against charging whatever you want for a silver coin.

The questions I will try to answer in this piece are three:

  1. Why is there suddenly such a huge premium for physical silver now?
  2. Why would anyone have an interest in suppressing the paper gold and silver price?
  3. When will the gap between the physical and paper markets close again, and how high will the paper price get?

Why Such a Huge Premium for Physical Silver Now?

What’s going on in the silver market I prefer to call “tinkering,” rather than outright manipulation. Tinkering is only possible in these markets for extended periods of time because the demand for physical silver (and gold as well) is bifurcated into two discrete forms that have nothing to do with each other. One is industrial, and the other is monetary. The tinkering appears to be taking place primarily in the futures market and not the physical market, hence the enormous premiums for physical coins since the beginning of February.

The futures market exists in order to set prices for silver producers, or any commodity producer really. Producers use futures in order to lock in a price for something that they have not yet produced by selling contracts forward and delivering into them. Without futures, there would be no way for producers to be sure they can produce a commodity profitably, since they would never know what price they can get for their product in any given month.

Besides the futures markets, there are, of course, the physical markets. There’s always a premium charged for a physical commodity over the futures price for that commodity because the end retail product is farther down the structure of production. For commodities like wheat and soybeans though, there’s almost never such a thing as a sudden shortage as we are seeing in the monetary silver market right now.

Imagine for a moment that the demand for wheat suddenly skyrocketed. Obviously, the futures price for wheat would skyrocket in sympathy. Otherwise, there would be serious food shortages. There’s almost never a prolonged disconnect between the paper and physical markets in consumer commodities like wheat and soybeans because there is only one type of demand for consumable commodities like these, and that’s of course to eat them, or for energy commodities like oil, to burn them for energy.

In silver, and gold as well, this isn’t really the case because demand exists in two very separate classes, industrial and monetary. Industrial demand is fairly continuous and smooth. Sometimes it rises, sometimes it falls, but never suddenly in desultory jumps or crashes. Industrial demand for silver and gold includes jewelry as well as standard industrial applications whatever they may be.

Here’s where the paper/physical disconnect potential comes in. While industrial demand is fairly continuous, monetary demand for silver can jump very suddenly, or fall very suddenly. The clearing price in the silver futures markets is based mostly on clearing industrial demand, with the built-in assumption of fairly continuous monetary demand by a small but stable number of silver coin collectors. But when trust in the dollar as a monetary reserve falls suddenly, which can happen and did happen around 1980, monetary demand for the metals tends to jump suddenly and broadly, overwhelming supplies. This is what causes sudden physical shortages of silver in monetary form. This is what is happening now.

Why suppress the paper silver price?

The answer to a physical shortage is of course to allow the paper price to rise in order to alleviate the shortage. People buy less of the commodity that way, and supply meets demand at a new clearing price. So why not just let the paper price of silver rise to meet physical demand? What interest is there in keeping the paper price of silver low?

The answer is that monetary demand is very different from industrial demand by its very nature. Monetary demand, if not suppressed, can easily turn into a positive feedback loop, because the more value a monetary metal like silver has in dollar terms, the more demand there is to have it as a monetary reserve in place of the dollar itself. There is no natural balancing mechanism as there is in consumable commodities that are not used as money.

In that sense, a silver run is similar to a bank run. Bank runs tend to feed on themselves. Monetary demand for silver is essentially a run on the dollar, which is itself primarily a monetary reserve. The way you stop a run on the dollar is you raise interest rates on the dollar. But what if doing that is impossible because the level of debt in the economy is so enormous that raising interest rates would collapse the economy and the stock market?

Raising interest rates was possible during the last run on silver in 1980 when it last hit $50, because debt levels were much lower back then than they are now, and stocks were also nowhere near highs. This is exactly what then-Fed Chair Paul Volcker did, pushing up overnight interest rates on the dollar to near 20% so as to increase demand for the dollar as a monetary reserve, which eventually crushed monetary demand for silver and brought the price back down in dollar terms.

But if you can’t raise interest rates, the only way to stop a dollar run and a flight into precious metals as a monetary reserve is to push the paper price of silver down by shorting silver futures. Banks have a vested interest in doing this because if the dollar falls too fast, the value of the bonds on their balance sheet plummet, causing a systemic banking crisis. If silver stops rising in dollar terms though on the paper markets, the demand for it as a monetary reserve tends to eventually ebb, stabilizing the dollar that way.

Pushing the price of silver down by shorting futures though, has another consequence, and that is it prolongs physical shortages, forcing backwardation in the silver market. This point we have already reached. Here are the latest futures tables for silver current to February 9.

As you can see, the silver price for April delivery is inverted out to May 2022 (excepting December). Backwardation like this in the silver market is extremely rare. The last time it happened was in March 2020, when silver collapsed to an $11 low. The time before that was September 2015, and prior to that, February 2011. Here’s a chart showing what the paper silver price did following each of these silver backwardation periods.

When Will the Gap Close, and How High Will We Get?

A look at the chart above shows that it did not take very long for the silver futures price to rise significantly following the last three periods of silver backwardation. It was only a matter of months each time. Back on February 11, the price rose from $27.50 to a high of $49.82 in only three months. During the backwardation of September 2015, silver was trading at $14.25, hitting a high of around $21 by July 2016 10 months later. In March 2020, silver was near $11, nearly tripling to $30 by August 5 months later.

This current backwardation, from a technical perspective, looks more similar to the backwardation of February 2011 than the other two because silver was nowhere near a low in February 2011, and neither is it now. If silver is in backwardation now after only a brief correction from $30, this is very close to what happened 10 years ago when silver fell into backwardation after a very brief correction from $31 to $26. After that, silver rode a slingshot to just under $50.

The timing this time around won’t be an exact repeat. History never repeats exactly, but it rhymes. That said, I believe we are within months of silver reaching new all-time highs above $50.

END

5.OTHER COMMODITIES/

end

6.CRYPTOCURRENCIES

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

ONSHORE YUAN: CLOSED DOWN 6.3535

OFFSHORE YUAN: 6.3400

HANG SANG CLOSED DOWN 200.86 PTS OR 0.82%

2. Nikkei closed DOWN 214.40 PTS OR 0.79% 

3. Europe stocks  ALL GREEN   

USA dollar INDEX UP TO  96.08/Euro RISES TO 1.1347-

3b Japan 10 YR bond yield: FALLS TO. +.216/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 115.63/ 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:: 92.16 and Brent: 93.60–

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO +.0.270%/Italian 10 Yr bond yield RISES to 1.96% /SPAIN 10 YR BOND YIELD RISES TO 1.23%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.69: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 2.70

3k Gold at $1852.50 silver at: 23.36   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble;// Russian rouble UP 137/100 in roubles/dollar AT 75.13

3m oil into the 92 dollar handle for WTI and 93 handle for Brent/

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

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 115.63 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 .9241– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0487 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: 2.029 UP 4 BASIS PTS

USA 30 YR BOND YIELD: 2.328 UP 4 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.64

Futures Soar, Safe Havens Tumble After Russia Announces Some Troops Returning To Base

TUESDAY, FEB 15, 2022 – 07:48 AM

With less than 24 hours to go until the Feb 16 CNN and CIA-leaked Putin “invasion day” – because if you are Russia you always leak to the US intel agencies when you are going to invade a sovereign nation – this morning markets got a welcome surprise when just after 3am ET, Interfax reported and Russia’s Defense Ministry later confirmed that some troops are starting to return to their regular bases after completing drills. Markets welcomed the positive signals from Moscow, which included Russia’s top diplomat saying that diplomacy with the West could succeed, as US equity futures surged, bond yields were lifted and and oil, gold and other safe havens were slammed amid continued optimism that geopolitical tensions in Ukraine may be easing.

As of 715am, emini S&P futures were 1.6%, or 72 points higher, and trading at 4,464 while Nasdaq futures rose 2.2% and Dow futures were 1.2% higher. 10Y Treasury yields bounced above 2.02% after dropping as low as 1.90% yesterday after the US deep state sparked fresh groundless panic about an imminent invasion. The dollar, oil and gold tumbled while cryptos jumped. Meanwhile, iron ore tumbled as China ramped up a campaign to stop prices from overheating.

In premarket trading, Intel rose after agreeing to buy Israel’s Tower Semiconductor Ltd. for $5.4 billion. Big U.S. technology companies including Apple Inc., Tesla Inc. and Microsoft Corp. also rose, along with cryptocurrency-exposed stocks as Bitcoin extended its recent rebound back above the $44,000 level. Bigtech stocks also gained in premarket trading. Here are some other notable premarket movers:

  • Intel (INTC US) adds 1.4% in early trading after it agreed to acquire Tower Semiconductor for about $5.4 billion. Tower Semiconductor jumps 45%.
  • Resonant Inc. (RESN US) shares soar257% following its announced sale to Murata Electronics North America for $4.50 per share.
  • Advanced Micro Devices (AMD US) shares rise 3.5% in U.S. premarket; focus is shifting to solid long-term and multiple growth factors now that the semiconductor company completed Xilinx acquisition, writes Cowen (outperform).
  • Larimar Therapeutics (LRMR US) shares sink 58% in premarket trading after the company said the FDA is maintaining its clinical hold on Larimar’s CTI-1601 program.
  • Arista Networks (ANET US) shares jump 10% in premarket trading after the cloud-networking company gave a quarterly revenue forecast that exceeded analysts’ expectations.
  • Amkor Technology (AMKR US) shares gain 9% in early trading, after the semiconductor manufacturing company reported its fourth-quarter results and gave a forecast.
  • Car rental company Avis Budget (CAR US) reported fourth-quarter profit and revenue that beat the average analyst estimate. Shares fell 1.2% in postmarket trading Monday, with Morgan Stanley pointing out a weakness in pricing.

Also in knee jerk reaction, the Russian ruble strengthened the most in more than two weeks against the dollar, leading gains among emerging-market currencies after the Interfax news service reported some troops were returning to bases after drills in the Western and Southern military districts, fueling speculation tensions over Ukraine are abating. The yield on Russia’s ruble debt tumbled a quarter percentage point.

Still, significant uncertainty remains over the extent of Russia’s pullback, with NATO saying it has yet to see evidence of a pullback. And nerves are still raw after Monday, when stocks were spooked by President Volodymyr Zelenskiy’s sarcastic comment about the rest of the world predicting a date for an attack by Russia. The U.S. has said its intelligence indicates Russia may attack imminently, although officials in Moscow have repeatedly denied an invasion is planned and it now looks like they were correct again. Meanwhile, diplomatic efforts are continuing, with German Chancellor Olaf Scholz meeting Russian President Vladimir Putin.

Markets have been whipsawed this week as the Ukraine crisis added to existing concerns over high inflation and the withdrawal of stimulus by the Federal Reserve. Investor focus will turn to producer price inflation figures for cues on how aggressive the Fed is likely to be with reining in its monetary policy.

“What we are seeing is a Fed that is reacting to inflationary prints even though many of the pressures on inflation are factors that the Fed really can’t solve,” Kristina Hooper, chief global market strategist at Invesco, said on Bloomberg Television. “So that certainly increases the risks and reduces the clarity.”

In Europe, the Euro Stoxx 50 rose 1%, with FTSE MIB outperforms adding 1.1%, FTSE 100 lags adding 0.3%. Autos, industrials and chemicals are the strongest performing sectors.  Energy shares underperformed in Europe as oil retreated from the highest since 2014 and natural gas prices dropped on a possible cooling in the crisis. Delivery Hero SE led gains in Europe, while Glencore Plc jumped to a 10-year high.

Asian stocks, most of which closed before the Russian news hit the tape, extended losses for a third day, checked by the prospect of higher U.S. interest rates and concern Russia’s fallout with Ukraine will lead to conflict. The MSCI Asia Pacific Index fell as much as 0.8%. Financial and industrial sectors were the biggest drags while consumer staples and healthcare names provided support. Equities in mainland China bucked the trend, climbing after the central bank stepped up support for the slowing economy. The CSI 300 rose more than 1% after the People’s Bank of China injected a net 100 billion yuan ($15.7 billion) into the banking system with its medium-term lending facility, while leaving the borrowing rate unchanged. The key China stock gauge is still down nearly 7% this year, hurt by concerns over the economy. Investors will closely examine the Federal Reserve’s meeting minutes due this week for the next clues on monetary-policy tightening, said Mamoru Shimode, the chief strategist at Resona Asset Management. The market also remains on edge over geopolitical tensions, after Ukrainian President Volodymyr Zelenskiy spooked investors with confusing comments. “We’re in a very delicate situation for markets,” Shimode said. “The worst-case scenario is for this to drag on, leading to higher and higher oil and energy prices, which will leave no choice for the U.S. to tighten policy further and in turn, deteriorate economic growth.”

Japanese equities fell for a second day as the latest data on the local economy failed to cheer investors amid ongoing worry over Russia-Ukraine tensions and upcoming U.S. interest-rate hikes. Service providers and banks were the biggest drags on the Topix, which fell 0.8%. Recruit was the largest contributors to a 0.8% loss in the Nikkei 225, dropping 12% as analysts pointed to concerns about the post-pandemic outlook for HR-related business. The yen strengthened 0.2% against the dollar. Japan’s gross domestic product expanded at a slightly slower-than-expected annualized pace of 5.4% in the three months through December compared with the previous quarter, the Cabinet Office reported Tuesday. Economists had estimated growth of 6%. “Real GDP remained 0.2% below pre-pandemic 4Q 2019, highlighting Japan’s lagging recovery compared to the U.S. and Europe,” Shuji Tonouchi, an economist at Mitsubishi UFJ Morgan Stanley wrote in a note. “High import prices continue to spread to the investment deflator, which has weighed on housing and other investment.”

In FX, the Bloomberg Dollar Spot Index fell as much as 0.3% as risk assets rallied; Sweden’s krona was the top performer among G-10 peers while the yen and the Swiss franc were at the bottom, after giving up earlier gains. The euro erased yesterday’s loss versus the dollar to briefly top $1.1350. The pound advanced against the dollar but fell against the euro. U.K., real average wages fell at the fastest pace since 2014 in December, prompting concerns about a cost of living crisis. The Aussie recovered even as iron ore plummeted after Beijing ramped up a campaign to stop prices overheating. The ruble soared as much as 2.1% and currencies in the EU’s east extended gains against the dollar

In rates, Treasuries slid as haven-buying is unwound leading to modest bear steepening with 2s10s widening ~3bps, while bunds hovered, underperforming European peripheral bonds. Treasury losses were led by long-end of the curve, as stocks rally globally on signs that the Russia-Ukraine crisis may be easing. Yields are cheaper by 4bp-5bp across long-end of the curve, steepening 5s30s by ~2bp; front-end outperforms slightly with 2- year yields cheaper by less than 1bp and 2s10s steeper by nearly 4bp. In the 10-year sector bunds outperform U.S. by 2.7bp, gilts by 6.3bp.  Peripheral spreads tighten to Germany with 10y BTP/Bund narrowing ~1bp. Italian 10-year yield briefly touches 2%, now back to 1.965%.

In commodities, crude futures decline. WTI trades within Monday’s range, falling 2.7% to trade near $92.85. Spot gold falls roughly $15 to trade near $1,856/oz, while other precious metals follow suit. Most base metals trade in the green; LME lead rises 1%, outperforming peers. LME aluminum lags.

Bitcoin continues to pick up and back away from a potential test of the USD 40k mark to the downside following pressure emerging at the tail-end of last week/over the weekend

Looking at the day ahead, data releases from the US include January’s PPI and the February Empire State manufacturing survey. Meanwhile in Europe, there’s UK unemployment for December, the German ZEW survey for February, and the second estimate of the Euro Area’s Q4 GDP. Otherwise, central bank speakers include the ECB’s Villeroy, and earnings releases include Airbnb.

Market Snapshot

  • S&P 500 futures up 1.3% to 4,450.25
  • STOXX Europe 600 up 1.1% to 465.91
  • MXAP down 0.2% to 187.14
  • MXAPJ little changed at 616.00
  • Nikkei down 0.8% to 26,865.19
  • Topix down 0.8% to 1,914.70
  • Hang Seng Index down 0.8% to 24,355.71
  • Shanghai Composite up 0.5% to 3,446.09
  • Sensex up 3.0% to 58,096.29
  • Australia S&P/ASX 200 down 0.5% to 7,206.93
  • Kospi down 1.0% to 2,676.54
  • Brent Futures down 2.5% to $94.02/bbl
  • Gold spot down 0.9% to $1,854.13
  • U.S. Dollar Index down 0.31% to 96.07
  • German 10Y yield little changed at 0.29%
  • Euro up 0.3% to $1.1340
  • Brent Futures down 2.5% to $94.02/bbl

Top Overnight News from Bloomberg

  • Investor confidence in Germany’s economic recovery improved further as the country edges closer to loosening its coronavirus restrictions. The ZEW institute’s gauge of expectations rose to 54.3 in February from 51.7 the previous month. An index of current conditions also increased
  • Employment in the euro area exceeded its pre-pandemic level, shrugging off surging Covid-19 infections to highlight the economy’s increasing resilience to virus disruptions. The number of employed people rose 2.1% from a year ago in the final quarter of 2021, reaching 161.8 million, data released Tuesday showed
  • China’s central bank stepped up support for its slowing economy by pumping in cash via policy loans for a second straight month. The benchmark stock index advanced, outperforming regional equities.
  • Riksbank Deputy Governor Martin Floden says the recent krona weakening is partly related to the market perceiving the Riksbank’s latest decision as dovish, but even more to the tensions linked to Russia and Ukraine

A more detailed look at global markets courtesy of Newsquawk:

Asia-Pac stocks traded mostly lower following a similar handover from Wall Street. ASX 200 was subdued as the energy and mining names gave back some of yesterday’s gains, whilst the RBA minutes offered no fresh information. Nikkei 225 was pressured by its industrial sector and with a resilient Yen providing further headwinds. Hang Seng continued to be overpowered by the COVID situation in Hong Kong which prompted Chief Executive Lam to announce new measures to curb the spread. Shanghai Comp. bucked the trend and posted mild gains after the PBoC decided to inject CNY 300bln via 1yr MLF, albeit at a maintained rate of 2.85%

Top Asian News

  • China Warns Iron Ore Trading Cos Against Speculation, Hoarding
  • Hong Kong ‘Overwhelmed’ But Doesn’t Plan Lockdown: Virus Update
  • PBOC Offers 300b Yuan of MLF With Rate Unchanged at 2.85%
  • Japan Preliminary 4Q GDP Annualized Rises 5.4% Q/q; Est. +6%

European bourses are firmer in a pick-up from a relatively contained open amid developments on the geopolitical front. Updates that some Russia troops are returning to base lifted above Monday’s best levels.US futures In Europe, sectors are all in the green though is the relative underperformer amid additionalBasic Resources monitoring from China re. iron ore.

Top European News

  • U.K. Incomes See Biggest Squeeze Since 2014 as Inflation Bites
  • HSBC Said to Face ‘Disruptive’ Review of Credit Risk Reporting
  • Glencore Sets Aside $1.5 Billion as Graft Probes Near End
  • Engie Hikes Dividend 60% as Energy Price Surge Lifts Profits

In FX, the greenback slips as markets draw encouragement from Russia recalling troops after completing drills. Euro especially relieved by less perceived risk of imminent invasion of Ukraine. Pound perky as risk sentiment picks up and UK earnings exceed expectations. Kiwi and firm as NZ and China improve FTA terms.Yuan Rouble up as Russia’s Lavrov says dialogue with West to continue and results are achievable.

In commodities, crude benchmarks were hit on the reported withdrawal of some Russian troops, in an unwinding of geopolitical premia after a relatively uneventful APAC session. Pressure that sent below the USD 94.00/bbl mark, for instance. Brent Spot gold/silver also deteriorated on the above update, as havens across the board waned; albeit, the yellow metal retains USD 1850/oz. China’s NDRC and SAMR will reportedly be holding a meeting on iron ore in Qingdao on Feb 17th; Glencore (GLEN LN) and Trafigura are among those required to submit recent transaction data and port stockpiles, according to Chinese press. Iraq Federal Court deems Kurdish oil and gas law as unconstitutional, State News reports. Barclays raised its WTI and Brent price forecasts, both by USD 7/bbl, to USD 89/bbl and USD 92/bbl respectively, according to Reuters.

In fixed income, core bonds back off in tandem with some Russian forces returning from drills. Gilts hold up better after well received 2032 DMO issuance in contrast to a so-so German Bobl sale. US Treasuries bear-steepen awaiting Wednesday’s 20 year note supply.

In crypto, bitcoin continues to pick up and back away from a potential test of the USD 40k mark to the downside following pressure emerging at the tail-end of last week/over the weekend.

In geopolitics:

  • Kremlin spokesperson Peskov said Russian President Putin is “willing to negotiate”, has always demanded negotiations and diplomacy; adding the Ukraine crisis was only one part of Russia’s larger security concerns, via CNN.
  • US State Department advises US citizens to immediately depart Belarus, according to Bloomberg.
  • US is reportedly closing its embassy in Kyiv and relocating diplomatic operations to Western Ukraine. US State Department ordered destruction of computer equipment amid warnings of Russian invasion, according to WSJ.
  • Russia military says it is continuing set of drills involving almost all districts and navies, Interfax reports; some Western and Southern units are set to return to bases.
  • Russian Kremlin says that warnings from the US that Russia is going to launch a fresh attack on Ukraine on Wednesday is “baseless hysteria”, via Reuters.
  • Russian lawmakers vote in favour of sending a resolution on the recognition of two breakaway regions in Eastern Ukraine to President Putin, via Reuters.
  • EU’s Borrell says if there is a war between Ukraine and Russia, Nordstream 2 will not become operational, via Reuters.
  • Biden admin officials are reportedly running out of patience regarding talks on China’s shortfalls under the Phase One deal, but the White House plans to let the talks play out before considering the next steps, according to Bloomberg sources. This is in-fitting with reports from last Monday.
  • There are reports of Houthi militias firing a ballistic missile at Marib, Yemen, according to Al Arabiya

US Event Calendar

  • 8:30am: Jan. PPI Final Demand MoM, est. 0.5%, prior 0.2%, revised 0.3%; YoY, est. 9.1%, prior 9.7%
  • 8:30am: Jan. PPI Ex Food and Energy MoM, est. 0.5%, prior 0.5%; YoY, est. 7.8%, prior 8.3%
  • 8:30am: Feb. Empire Manufacturing, est. 12.0, prior -0.7
  • 4pm: Dec. Net Foreign Security Purchases, prior $137.4b

DB’s Jim Reid concludes the overnight wrap

Yesterday was a wild ride back and forth across what were relatively restrained ranges given all the newsflow. Headlines bounced about all over the place so it was hard to keep up. However in something I’ve never seen before, late quotes from the Ukrainian President that Russia would attack tomorrow, were soon rowed back by his office as “sarcasm”. I’m not sure if I’ve ever known a better use of the phrase “lost in translation”.

Starting in Europe, markets began the week catching up to the negative headlines that broke late on Friday. Optimistically, by the middle of the day, comments from Russian Foreign Minister Lavrov to President Putin that diplomacy should continue and there was still a chance of a deal helped to stabilise various assets. Focus then turned back to global monetary policy tightening, where comments from officials echoed what they said last week. St. Louis Fed President Bullard, much like last week, preferred a more aggressive path of policy, reiterating in a CNBC interview that he wanted 100bps of rate increases by July 1, saying that “our credibility is on the line here and we do have to react to data.”

This led to a big reversal in fixed income which peaked around the European close. Initially European sovereign yields sold off nearly 10bps in the morning but closed only marginally lower with 10yr bunds (-1.3bps) and OATs (-0.4bps) making a sharp about turn. Gilt yields actually rose across the curve, with the 10yr yield up +4.5bps to a 3-year high of 1.59% as overnight index swaps priced in a more aggressive series of rate moves this year. In keeping with the pattern of recent days, there was yet another widening in peripheral spreads, with the gap between Spanish and German 10yr yields moving above 100bps for the first time since June 2020, whilst the gap between Italian and German yields hit 169bps, the highest since July 2020.

The day was awash with headlines. Earlier U.S. officials reportedly had satellite images of Russian troops moving to attack positions which caused a wobble, but the big one was the headline from Ukraine’s President that was later put down to sarcasm.

Before the clarification, the headlines drove a discrete risk-off cross-asset price response, with 10yr yields falling around -7bps from their intraday highs, the S&P 500 dipping to session lows, and safe-haven currencies appreciating. Most assets stabilised for the remainder of the afternoon, however, as markets digested the misunderstanding. Next stop is German Chancellor Scholz’s planned trip to Moscow today. Expect plenty of headlines.

Treasury yields still wound up increasing across the curve after all was said and done, albeit below intraday highs, with 2yr yields (+7.5bps) outpacing 10yr yields (+5.0bps) on the continued hawkish tone from Fed officials combined with deteriorating risk sentiment. This drove the 2s10s curve to 41.0bps, the flattest level since August 2020. Fed funds futures are pricing 6.6 rate hikes by the end of 2022, the highest closing reading so far, and around +164bps of tightening, just below our US econ team’s updated call for +175bps of tightening this year.

For equities, the continued geopolitical tensions and the move to price in additional rate hikes led to further declines and the S&P 500 shed another -0.39%, well off the intra-day lows (-1.22%) but bringing its losses since January’s all-time high to -8.23% (-7.65% YTD). Growing volatility saw the VIX index rise a further +1.27pts, hitting 28.6pts, and Bloomberg’s index of US financial conditions fell to its least accommodative level in 3 weeks. US tech stocks outperformed, with the NASDAQ flat and the FANG+ up +0.57%. Over in Europe, where markets had been closed on Friday when the Ukraine headlines came through, the STOXX 600 lost a larger -1.83% (-2.99% at the day’s lows).

Looking at some of the most affected assets, oil prices took another leg higher after the geopolitical headlines, echoing Friday’s surge, with Brent Crude up +2.16%, whilst WTI saw a somewhat bigger gain of +2.53%. That marked the highest closing level for both since 2014. Furthermore, European gas prices remained elevated with a further +4.32% gain, but at €80.77/MWh it was still roughly in line with where they’d spent most of January. Growing appetite for haven assets was very good news for gold however, which advanced +0.6% in its 6th gain in the last 7 sessions, and 9 of the last 11, eclipsing its recent closing peak back in November.

Overnight in Asia, equity markets are mostly trading lower. In Japan, the Nikkei (-0.74%) has reversed its early morning gains after Japan’s economy expanded at an annualized rate of +5.4% q/q, less than the consensus estimate of +6.0%. For 2021, the nation’s economy grew +1.7%, recording its first expansion in three years after contracting -4.5% in 2020 and -0.2% in 2019. Meanwhile, the Kospi (-1.06%) and the Hang Seng (-1.14%) are both also trading lower. Elsewhere, the Shanghai Composite (+0.40%) and the CSI (+0.93%) are trading up after the People’s Bank of China (PBOC) injected cash via policy loans for a second consecutive month to counter the economic slowdown. The PBOC pumped in a net amount of 100 billion yuan ($15.7 billion) in the banking system via its medium-term lending facility (MLF). The MLF rate was kept unchanged at 2.85% after being cut from 2.95% last month.

Separately, oil prices are touch lower with Brent crude futures down -0.69% to $95.81/bbl while US crude futures -0.76% to $94.73/bbl. US treasury yields are 1-2bps across the curve.

Looking ahead, equity futures in the DM are relatively flat with contracts on the S&P 500 (+0.08%), Nasdaq (+0.20%) and DAX (+0.02%) waiting for fresh newsflow.

There wasn’t much on the data front yesterday, though we did get the New York Fed’s Survey of Consumer Expectations for January, which interestingly saw a decline in short and medium-term inflation expectations. In fact, short-term inflation expectations at the one-year horizon fell to 5.8%, the first decline since October 2020, whilst 3-year ahead expectations fell to 3.5% from 4.0% which was a bit surprising given all that we’ve seen and heard of late.

To the day ahead now, and data releases from the US include January’s PPI and the February Empire State manufacturing survey. Meanwhile in Europe, there’s UK unemployment for December, the German ZEW survey for February, and the second estimate of the Euro Area’s Q4 GDP. Otherwise, central bank speakers include the ECB’s Villeroy, and earnings releases include Airbnb.

3. ASIAN AFFAIRS

i)TUESDAY MORNING// MONDAY  NIGHT

SHANGHAI CLOSED UP 17.21 PTS OR 0.50%       //Hang Sang CLOSED DOWN 200.86 PTS OR 0.82%  /The Nikkei closed down 214.40 or 0.79%       //Australia’s all ordinaires CLOSED DOWN 0.59%  /Chinese yuan (ONSHORE) closed UP 6.3435    /Oil UP TO 92.16 dollars per barrel for WTI and UP TO 93.60 for Brent. Stocks in Europe OPENED  ALL GREEN       //  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3535. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3400: /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGERER AGAINST USA DOLLAR/OFF SHORE STRONGER//

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

3B JAPAN

3c CHINA

CHINA

The Chinese allowed an anti Xi article to escape to the west.  Infighting may derail Xi’s bid for a 3rd tern

(EpochTimes)

Viral Anti-Xi Article Reveals CCP Infighting That May Derail Xi’s Bid For 3rd Term, Analysts Say

MONDAY, FEB 14, 2022 – 11:30 PM

By Nicole Hao of the Epoch Times

An article criticizing Chinese leader Xi Jinping was allowed to go viral in mainland China, which analysts say reflects the intense struggle among different factions in the Chinese Communist Party and its impact on Xi’s ruling.

China experts have said that Xi might not secure a third term, which will be revealed at the CCP’s Party Congress this fall, although Xi amended the Party’s constitution successfully in 2018 to remove term limitations.

“The 40,000-word long article listed mistakes that Xi Jinping has made in politics, economy, and diplomacy. It’s a summary of Xi’s ruling over the past nine years,” Li Hengqing, a China expert at the Washington Institute for Information and Strategy, told the Chinese-language edition of The Epoch Times on Feb. 8.

“After 2018, we all said that there’s no force to stop Xi from taking a third term. Now, we can see that the situation isn’t simple, and it’s unclear whether he can obtain it,” Li added.

He emphasized: “The article circulated broadly inside and outside of China. Even several friends from mainland China forwarded it to me … It shows that the CCP factions against Xi are fighting to stop Xi from continuing in office.”

Xi became Chinese leader in November 2012, and won his second term in October 2017. The previous version of the CCP constitution ruled that each leader could only take two terms, which would have seen Xi retire in 2022. The amendment of the constitution paved the road to allow Xi to rule the country beyond the two terms—if he can secure support from the rest of the Party leadership.

Anonymous Commentary

On Jan. 19, an author under the pen name “Ark and China” published the article “Evaluate Xi Jinping Objectively” on overseas Chinese blogs. Since the Chinese New Year on Feb. 1, the commentary of Xi’s leadership became viral among readers inside China.

Taiwan’s state-run Central News Agency (CNA) reported on Feb. 9 that people in China had spread the article widely although the Chinese regime censored the piece.

The commentary reviewed Xi’s performance over the past decade in the anti-corruption campaign, the party’s ongoing eradication of independent religion and beliefs, human rights abuses, its tight surveillance and control of the people, enhancement of propaganda, further revision of children’s textbooks and history books, the strengthening of state-run enterprises and suppression of the private sector, conflicts with the Western world, and winning over developing countries by squandering the national treasury.

Its author opined that they don’t believe Xi has the capability to rule the country, and has angered both CCP officials who supported him and opposed him when he took office. Meanwhile, the Chinese people’s benefits and interests are being encroached upon, but their voices can’t be heard due to the regime’s censorship.

“At present, it’s difficult for him to continue his ruling. The year 2022 will be his biggest turning point,” the author wrote. “Even if he miraculously secures another term, he will face more difficulties and complete failure before 2027.”

The author then went on to list three factors that could cause the collapse of Xi’s ruling alongside a predicted worsening of the political situation. It said the achievements claimed by Xi are fabricated, the political foundation of Xi’s ruling has been destroyed, and “the entire CCP bureaucracy” is opposed to Xi and his handful of supporters.

Fierce Infighting

“Don’t treat the CCP as a political party! It’s actually a political gang. Like the former head of the Soviet Union Vladimir Lenin said, the communist party grows by fighting internally and cleaning (killing) its members,” Cai Xia, a former professor of political ideology at the CCP’s Central Party School, wrote in an opinion piece on Feb. 6 that was published on U.S.-based Chinese media Yibao.

Cai said: “Due to the cruelty and bloody infighting within the party, all senior officials understand the hidden rule, which is to choose a faction and fight for it without thinking about what’s right or wrong.”

Li told The Epoch Times that the forces in the Chinese regime which are against Xi are gathering together now. “They are using all their resources and solutions to block Xi from taking the next term,” he said.

“The [viral] article is echoing the opinion of Chinese politicians. It stands on the point of maintaining the CCPs’s ruling in China but removing Xi Jinping,” Chen Weijian, New Zealand-based Chinese dissident and editor of online magazine Beijing Spring, told the Chinese-language edition of The Epoch Times on Feb. 8.

“At the Sixth Plenary Session of the rubber-stamp legislature’s 19th conference, the CCP factions presented their severe disagreements [on regime policies]. [The long article] is the latest bomb that the anti-Xi’s faction has detonated amid the factional fighting,” Gao Wenqian, former official biographer of the CCP’s first premier Zhou Enlai, told VOA on Feb. 8.

Gao said that the CCP’s rigid dictatorship is growing increasingly fragile, and may break at any time.

Cai listed the crises the regime in Beijing is facing across China now, which include more white- and blue-collar unemployment, the financial crisis facing China’s largest real estate predators, the regime collecting more tax and fees from people who can’t earn a living and unprofitable enterprises, strict COVID-19 policies that further damage the economy and threaten peoples’ lives, and young Chinese who refuse to have children even after marriage.

“This is a strong article that can drive public opinion against Xi,” Cai wrote.

end

4/EUROPEAN AFFAIRS

EUROPE/COVID MANDATES//

Many European countries have decided to vacate vaccine mandates

a good read…

Joanna Miller/OrganicPrepper

The Mandates Are Leaving Europe. Is Freedom Winning?

TUESDAY, FEB 15, 2022 – 05:00 AM

Authored by Joanna Miller via The Organic Prepper blog,

Joy reigned in my house this past week as one child’s school lifted its mask mandates. At the same time, frustration ensued when another child was uninvited to an event due to her jab status. My little neck of the country can’t seem to decide if it’s going to ditch restrictions or double down. Situational awareness is vital to prepping, and yet it’s hard to tell what’s going on. 

Maybe if we look at which governments are taking what kind of measures around the world, we will see trends that can better inform us in the United States.  

What mandates do we see in Europe?

Many of the European countries have announced that they will move forward treating Covid as just another endemic disease. Denmark, Norway, Switzerland, and the Czech Republic have all started lifting Covid-related restrictions, such as limits on gatherings and requiring Covid Passes to enter certain venues. Italy, Finland, Ireland, France, and Lithuania are easing many requirements. 

Most of these countries plan to be as close to “normal” as possible by March. The United Kingdom has lifted work-from-home requirements, mandatory masking, and requiring Covid Passes to enter venues.

Let’s look at some of these countries a little more closely.

Denmark was the first country in the European Union to scrap restrictions. Denmark never tried to mandate the jab, though 78% of the population voluntarily received it. Their government officials have stated that they do not want to force their population to do anything because they do not want to lose the trust of the people. 

Considering that they are letting go of their restrictions, the Danish people’s trust seems well-placed.

On February 3, Sweden also announced that they were ending the use of their Covid Passes. Sweden had been notoriously (or inspiringly, depending on how you look at it) reluctant to shut down when the rest of the world did. How did the Swedes fare? Did they all die for their refusal to place their population on house arrest?

Well, as of February 5, 2022, the Swedes have approximately 1592 deaths per million due to Covid, while the Americans have approximately 2707 deaths per million. Yep, our lockdowns that destroyed small businesses everywhere were totally worth it. . .

And, like the Danes, the Swedes never mandated jabs, though their country achieved over 70% compliance voluntarily. Interestingly, Sweden has not recommended jabs for children. They simply decided the experimental jabs were not worth the risk to children. Like the Danish government, the Swedish government gives the impression that it is genuinely trying to do what’s best for its citizens.  

Meanwhile, the United Kingdom had the second-worst Covid-related death toll in Europe, surpassed only by Russia. Like the United States, the UK has its own influential pharmaceutical giant in its Wellcome Trust. Not surprisingly, the Brits were subjected to much of the same fear-mongering and almost comically overblown death projections we Americans have been. 

We’ve got Tony Fauci; they’ve got Neil Ferguson from the Imperial College, whose models in 2020 have been proven wrong by a factor of about ten. And yet, at the end of January, the Brits decided that Omicron had peaked and that they were ready to open up, too.

Are we seeing minor victories with the dropping of mandates?

While watching these European countries back off from becoming techno-fascist dictatorships cheers me up, it’s too soon to declare victory. Other countries seem hell-bent on forcing their citizens into line, regardless of any genuine health concerns.

The Austrians have just signed into law the world’s strictest mandate so far. The government plans to fine people up to $4000 quarterly until they submit to getting jabbed. To enforce this, police officers travel around and randomly stop people to check their papers. People who cannot produce their papers are fined on the spot.

Germany, with a population of about 85 million, is more similar to the United States in its size and diversity. I was born in Berlin and have had numerous friends and relatives living in Germany for years at a time; the cultural differences between Berlin and Munich are comparable to the differences between New York and Houston. And, like the Americans, about half of the Germans are ready to scrap restrictions, and the other half still think it’s too soon. German leaders, such as the Health Minister, Karl Lauterbach, have been proposing mandates similar to Austria’s, but as of February 8, 2022, Germans still cannot come to an agreement.

But, what about Australia?

The Organic Prepper has already posted articles about Australia’s draconian lockdowns. Looking at the rules as of right now, I still can’t help but think of Footloose and the town that banned dancing. Australia has slightly relaxed some of its rules regarding interstate travel, but almost everything requiring public interaction requires proof of the jab. 

As I said above, many of the European countries are ditching their contact tracing and Covid Pass requirements; I can’t find any reference to the Australians ditching their surveillance measures.

Because that’s really what these measures are. It’s not about health.

Omicron was mild, and it’s past its peak. South Africa was the first country to detect Omicron. It was named by the World Health Organization on November 26, 2021. And by the end of December, South Africa’s Ministerial Advisory Committee recommended ditching all of their remaining Covid restrictions, such as quarantining and contact tracing.   

South Africa had an intense spike in cases with Omicron, but their death rate never skyrocketed. The rest of the world should be looking at South Africa as a bellwether. First to have a spike in cases, first to watch the cases drop off, first to end restrictions. We should all be so reasonable.

However, the American mainstream media does not seem to want to admit we’re done with Covid yet. 

What is going on?

There are strange things afoot in the medical world. Death rates have been up. When the head of a life insurance company in Indiana said that claims went up 40% among working-age people, that was big news. There seems to be a wide range of ailments that are suddenly spiking. There’s no one new cause of death for all these young people. It has been clear that the deaths were not from Covid, and insisting on masks and lockdowns (which even Johns Hopkins has admitted didn’t really help anyway) is indefensible at this point.  

So, what do we do? We seem to be at a crossroads. The federal government shows no interest in backing down. On the one hand, even blue states such as New York and New Jersey have grown sick of the constantly changing mandates, all of which have proven useless against Omicron. The health care workers I’ve known that wanted everyone jabbed or else barred from civil society six months ago (and I knew a few of those) have become curiously silent. On the other, Biden and his “experts” still ask people to hang on for “just a few more weeks.”

A similar scene plays out in Canada.

Though governors of Alberta, Saskatchewan, and Quebec have all announced ending restrictions, Trudeau, as of February 9, is still trying to convince his public that vaccine mandates are the best way to avoid further restrictions. 

Within the European Union, many countries, most notably the small ones with a great deal of trust and social cohesion, are ready to ditch restrictions. The EU itself wants to extend the use of the Covid Passes for another year.   As Omicron peaks across the Continent, their reasons for this year-long extension are nonexistent.

(If you’re looking to keep your family fed in the event of a lockdown, check out our free QUICKSTART Guide on building a food pantry here.)

What has happened to free speech?

Most tellingly, on February 8, 2022, the United States Department of Homeland Security issued a bulletin that equates questioning the Covid narrative with domestic terrorism. No adult capable of critical thinking can possibly think any of these government actions have anything to do with public health anymore. The more time goes by, the more all the events of the last two years point to the United States government, the Canadian government, and the EU attempting to implement surveillance states.   

So, worldwide, we have governments getting more oppressive and populations getting less compliant by the day. This sort of tension has never ended well. If people start getting hungry, which may very well happen with all the supply chain issues, we may begin to see something like the French Revolution start to play out.

The thought that that might happen on American soil turns my stomach, but lots of stomach-turning things have happened throughout history, and we are no different from people living during the times of the Civil War, the French Revolution, or the Bolshevik Revolution. Anything is possible.

People are fed up with these mandates.

And yet it’s not inevitable, either. Peaceful noncompliance may very well force Trudeau’s hand in the end. If you want to be a dictator, you need people willing to enforce your arbitrary rules, and he may not be able to find enough of them. The same goes for the US.

The Canadian trucker rally continues to inspire. Within the next two weeks, truckers around the world from Norway to New Zealand are planning similar protests. This may be the last chance for freedom-lovers to make ourselves heard. I’ve seen signs from protests that say, “Farmers Grow It, Truckers Haul It.” The protestors know that, without them, things fall apart.  

Most of us cannot change policies or influence politicians…

But the little choices we make everyday matter. Do we report heterodox-thinking friends, family, and coworkers the way DHS wants us to? Or do we support each other? Do we “just go with the flow,” or do we continue to speak out about infringements on our rights to life, liberty, and the pursuit of happiness? Do we spend our time zoning out in front of a screen or learning skills that will help us become assets to our communities?  

I see no easy way out of the mess we’re in. Either we slide along into what the Davos crowd wants, where we “own nothing and are happy,” or we brace ourselves for shortages as protests continue. Free societies have not been the norm throughout history. The norm, since the time of the ancient Sumerians, has been strongman leaders. The norm is trying really, really hard to reassert itself, and we need to resist it if we want to retain our rights and freedoms. We need to be able to keep our spirits up in the face of shortages, frustrations, and inconveniences. I firmly believe that if we freedom-lovers continue to support each other and keep our communities strong, we may avert sliding into medical-technical tyranny. The time to consciously choose a side is now.

When do you think it will end?

What will it take for the mandates to disappear in the US? When do you think this time of tyranny and “othering” will end? 

END

Biden is one complete moron!! 

special thanks to Robert H for sending this to us:

Obama/Biden Administration Kills the Israel to Europe Gas Pipeline a Second Time Helping Russia Instead

Inbox

Robert Hryniak2:26 PM (17 minutes ago)
to Harvey

FYI 



Obama/Biden Administration Kills the Israel to Europe Gas Pipeline a Second Time Helping Russia Instead

The Obama/Biden Administration has killed a gas pipeline from Israel to Europe helping Russia and Iran instead.  This is the second time the Obama/Biden Administration has killed this pipeline.

We first wrote about the Israel to Europe pipeline in 2019.  This was related to George Papadopoulos. Obama targeted George Papadopoulos first to stop the construction of Israel’s natural gas pipeline to Europe in favor of Iran’s pipeline.  Then Obama’s Deep State targeted Papadopoulos a second time to prevent candidate Trump from being President!

Papadopoulos tweeted about this back in 2019.

Clapper is an imbecile. Not only did he outsource spying on me to the Italians/UK/Australia, and involved the CIA, he admits on CNN that it was normal. The most disturbing part of this is that I was being spied upon for ties to an American ALLY, Israel.

— George Papadopoulos (@GeorgePapa19) May 7, 2019

TRENDING: “He’s Going to Deliver. He’s Unraveling BIGGEST Political Scandal in US History” – KASH PATEL DROPS BOMBS – Durham Grand Jury Interviewed 24 People So Far (VIDEO)

Here is what happened to Papadopoulos as a result of his efforts to help Israel build a pipeline to Europe.

Revealed: Obama Targeted Papadopoulos Twice – First to Halt Israel and Assist Iran’s Gas Pipelines and then a Second Time to Stop Candidate Trump

Today it was reported that Obama/Biden have done it again.  They successfully killed the Israeli gas pipeline to Europe.

The Biden administration has abruptly withdrawn American support for the Eastern Mediterranean (EastMed) pipeline, a project aimed at shipping natural gas from Israel to European markets. The White House said the project was antithetical to its “climate goals.”

In reaching its decision, which effectively kills EastMed, the White House appears to have caved to pressure from Turkish President Recep Tayyip Erdoğan, who has vociferously opposed the underwater pipeline because it would bypass Turkey.

Biden’s decision — reportedly coordinated with Turkey but reached without consulting Israel, Greece or Cyprus, the main countries involved in the project — undercuts three of the strongest American allies in the Mediterranean region.

The White House could not have chosen a less opportune moment to announce its decision. With tensions rising between Russia and Ukraine, Europe (which relies on Russia for approximately one-third of its natural gas supplies) is searching for alternative sources of gas to reduce its overreliance on Moscow.

The Biden administration’s decision also smacks of hypocrisy. The White House claims that it wants the Mediterranean region to transition to “clean energy,” but it recently announced its support for the Russia-backed Nord Stream 2 pipeline, which would double shipments of Russian natural gas to Germany.

EastMed’s cancellation — variously described as a “disastrous decision,” a “strategic mistake” and an act of “appeasement” of Erdoğan — represents a major geopolitical victory for the Turkish strongman. Analysts worry that he will be emboldened to continue escalating tensions in the Aegean and the Eastern Mediterranean in his quest to expand Turkish control over energy supply routes to Europe.

Joe Biden approved a pipeline from Russia to Germany — but prevents US ally Israel from building a pipeline to Europe. Whose side are they on anyway?

Joe Biden Received Campaign Cash From Top Russia Lobbyist Before Waiving Sanctions on Nord Stream 2 Pipeline

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

USA/RUSSIA

Russia withdraws some of its troops from the Ukraine border and then claims “western propaganda” has failed

(Watson/SummitNews)

Russia Withdraws Some Troops From Ukraine Border After Media Said Invasion Was Imminent

TUESDAY, FEB 15, 2022 – 07:14 AM

By Paul Joseph Watson of SummitNews.com

Shortly after media reports suggested a Russian invasion of Ukraine was imminent, Moscow announced that it was withdrawing troops from the border and then claimed “western propaganda” had failed.

Goaded by the Biden administration, major news outlets like the Sun reported that the invasion was set for tomorrow, with a “massive missile blitz” planned, along with 200,000 troops at the ready.

But within hours, it appeared the media had jumped the gun.

Major General Igor Konashenkov announced that all Russian troops would begin to be withdrawn from the border region.

“As the forces complete their military exercises, they will, as always, complete a multimodal march back to their permanent bases,” Konashenkov stated. “The divisions of the South and West Military Districts have finished their tasks and have already begun loading the rail and automobile transport, and today will begin moving back to their military garrisons.”

Russia also released video clips showing armor being loaded onto railway carriages on its way back home.

Kremlin officials seized upon the troop withdrawal as proof of a propaganda victory against the United States and NATO.

Foreign Ministry spokeswoman Maria Zakharova said, “15 February 2022 will go down in history as the day Western war propaganda failed,” she wrote, adding that the west has been “shamed and destroyed without firing a single shot.”

The White House’s national security advisor Jake Sullivan had breathlessly told CNN on Sunday that intelligence suggested “major military action” could “begin any day now.”

Ukrainian President Volodymyr Zelensky had also declared that February 16th, the day the Biden administration claimed Russia was planning to invade, would be a national “day of unity.”

“On this day, we will fly our national flags, put on blue-and-yellow ribbons and show our unity to the entire world,” said Zelensky.

The comments were subsequently picked up by US media outlets and reported without an ounce of skepticism, prompting a stock market sell off and a rush on gold and crude oil.

Zelensky was then forced to back pedal and claim his comments were said “with irony.”

end

Amid Skepticism, Russia Publishes Video Of Tanks Leaving Ukrainian Border – Stoltenberg ‘Optimistic’

TUESDAY, FEB 15, 2022 – 08:04 AM

Global markets rallied Tuesday on the early morning announcement from Russia’s defense ministry that it had begun drawing down some military units from near the border with Ukraine. Further, Bloomberg wrote, “The ruble led developing currencies higher as reports Russia is returning some troops to their bases stoked appetite for riskier assets and dimmed the appeal of haven trades.”

However, Ukrainian officials remain skeptical that a significant troop reduction is in progress: “Russia constantly makes various statements,” Ukrainian Foreign Minister Dmytro Kuleba said. “That’s why we have the rule: We won’t believe when we hear, we’ll believe when we see. When we see troops pulling out, we’ll believe in de-escalation.” Perhaps anticipating such skepticism, Russia’s defense ministry has published a series of clips it says shows tanks and troop units returning to their permanent military bases.

Spokesman for the ministry, Major General Igor Konashenkov, made a televised formal announcement of the completion of key military exercises in the South, which were held near Ukraine and in Crimea.

“The units of the Southern Military District that have completed accomplishing their tasks as part of scheduled tactical exercises at combined arms practice ranges on the Crimean Peninsula have begun returning to their permanent bases,” he said according a translation in TASS. “The personnel of battalion tactical groups have conducted marches to the areas of railway stations where operations to load combat equipment on special platforms have been organized.”

The press statement underscored that tank units, heavy artillery, and other major hardware are now en route back to their permanent bases. “The troops are now fastening heavy tracked armor, such as tanks, infantry fighting vehicles and self-propelled artillery guns.

The statement continued, “The special trains will deliver the military hardware to the regions where the troops are permanently stationed, in particular, in Dagestan and North Ossetia. Upon arrival at their permanent bases, the troops will carry out maintenance of their equipment, the press office specified.”

Elsewhere in Russian state media, footage was featured purporting to show the continuing withdraw of tank units from near Ukraine’s border

After recent days wherein the United States issued unusually blunt predictions that Russia was poised to invade “any day” – and with reports featuring intelligence officials specifying Wednesday, February 16 as the exact day – this announced pullback from the Kremlin appears to be rapidly cooling tensions and even the ‘war-footing’ rhetoric coming from the West.

For example, on Tuesday NATO Secretary General said he currently has “cautious optimism” over Russia’s latest signals on Ukraine, but he didn’t quick acknowledge it as a sign of de-escalation just yet.

The AFP further cited sources on the ground to say: “There is no panic in society… You see how many people are walking around, they are all smiling, they are all happy,” in a report from the Ukrainian capital of Kiev. “On streets of the Ukrainian capital Kyiv, residents enjoying bright winter sunshine were warily optimistic, and grateful that Ukraine and its allies appeared to have held their nerve.”

Meanwhile in Moscow German Chancellor Olaf Scholz is wrapping up talks with Vladimir Putin, with a news conference expected later in the day. Scholz might provide some level of confirmation over the Russian troop draw down, or possibly some details over the size of the units returning to their basis.

Tweet

See new TweetsConversationМинобороны России@mod_russiaПравительственная учетная запись, Россия#Видео Погрузка на железнодорожный транспорт для убытия в пункты постоянной дислокации подразделений Южного военного округа.

#Минобороны #АрмияРоссии #ЮВО1:1525.1K views5:45 AM · Feb 15, 2022·Twitter Media Studio

end

Pentagon Seeking To Verify Russian Troop Reduction Near Ukraine

TUESDAY, FEB 15, 2022 – 09:24 AM

Russia has confirmed that some – though not all – of the military drills that have been ongoing for weeks near the Ukrainian border, which sparked the current crisis wherein Washington charged the Kremlin with planning an “imminent” military invasion, are winding down as tank units are returning to their permanent basis. NATO chief Jens Stoltenberg said in response this is grounds for “cautious optimism” as diplomacy continues.

“So far we have not seen any de-escalation on the ground, not any signs of reduced Russian military presence on the borders of Ukraine,” the NATO Secretary-General said at a press conference in Brussels. “We will continue to monitor and follow closely what Russia is doing,” he added.

The Pentagon has said it is reviewing and closely monitoring the situation, seeking confirmation of the Russian draw down claims. “We are aware of reports of Russian claims that they are withdrawing some forces away from the border with Ukraine. Our analysts are reviewing, but we have nothing further at this time,” a US defense official told PBS’ correspondent. This after Russia’s defense ministry said hours prior that many tanks and heavy armaments have “already begun loading onto rail and road transport and will begin moving to their military garrisons today.” 

“We want to verify that that is in fact what’s happening,” said US ambassador to NATO Julianne Smith. “We’ll know more, I hope, in the next day or two.” She’s in Brussels for a gathering of NATO defense ministers, where they will discuss plans for the possible creation of four multinational battlegroups in order to defend southeastern Europe.

“What’s important is we try to verify – based on the fact we have seen other instances where Russia claimed to be deescalating, when facts on the ground proved that not to be true… Something we have to verify in the days ahead,” Amb. Smith explained.

Prime Minister Boris Johnson also signaled optimism on Tuesday’s news: “we are seeing a Russian openness to conversations,” he said, but with the caveat that “the intelligence we are seeing today is still not encouraging” – in reference to some reports of a continued threatening Russian troop posture.

At the same time, the initial reaction out of Ukraine was we’ll believe it when we see it

The prior day, on Monday, Russia’s foreign minister Sergey Lavrov had briefed Vladimir Putin in an open-door session filmed by Russian television crews that diplomatic avenues are “far from exhausted”.

And continuing to suggest we’re finally witnessing both sides walking back from the brink, Putin has said Tuesday that “Russia is ready to discuss confidence-building measures with the US and NATO,” according to the AP.

END

Biden: Attack On Ukraine “Still Very Much A Possibility” – Russian Draw Down “Not Verified”

TUESDAY, FEB 15, 2022 – 03:58 PM

update(3:58pmET): “If Russia targets Americans in Ukraine, we will respond forcefully.” That’s the closest President Biden got to threatening a US military response. He also by the close of the relatively brief speech asserted that a Russian attack on Ukraine is “still very much a possibility”. This despite the widespread reports of a Russian troop and tank reduction from near Ukraine’s border. 

“That would be good, but we have not yet verified that yet,” he said of Russia’s military announcing earlier in the day that it had withdrawn forces. Biden said, citing US intelligence, that “Our analysts indicate they remain very much in a threatening position” – he further claimed that “150,000 Russian troops” now encircle Ukraine, including from inside Belarus. 

“If Russia attacks Ukraine, it’ll be met with overwhelming international condemnation. He said such action will prove to be “a self-inflicted wound” – but importantly, the president underscored, “I will not send American servicemen to fight in Ukraine.” 

However, he added to this that if NATO soil comes under attack, this would trigger Article 5, and the US military would respond forcefully. “We will defend every inch of NATO territory…,” Biden said. He called the West “united and galvanized” in the face of the threat, further vowing hard-hitting sanctions, including “export controls…methods we did not purse when Russia took Crimea in 2014.” He also vowed the US would ensure the Nord Stream 2 pipeline “will not happen” – though without saying how this would be possible. 

Though short, Biden’s speech triggered the biggest sell program of the day…

* * *

Amid a barrage of conflicting headlines, President Biden will address the world and clear everything up about Russia-Ukraine-NATO-Nord Stream 2 and so on, in what The White House calls “brief remarks” this afternoon.

According to the White House statement:

In the afternoon, the President will give brief remarks providing an update on Russia and Ukraine.

He will reiterate that the United States remains open to high-level diplomacy in close coordination with our Allies, building on the multiple diplomatic off-ramps we and our Allies and partners have offered Russia in recent months.

The United States continues to believe diplomacy and de-escalation are the best path forward, but is prepared for every scenario.

Here’s the state of play from the last few days…

President Biden‘s administration officials reportedly told PBS:

“the U.S. believes Putin has decided to invade Ukraine and communicated those plans to the Russian military.”

President Zelenskiy:

There has been too much information about a full-scale war with Russia – even specific dates have been announced. We understand there are risks. If you have any additional information regarding the 100 percent guaranteed invasion of Ukraine by Russia on 16 February, please give it to us,”

President Putin stressed that:

“of course” he does not want war to break out in Europe and confirmed Tuesday that he had decided to withdraw some troops from the border with Ukraine and was prepared to re-enter security negotiations with the U.S. and NATO.

While it may be a little early (and very disappointing for the neocons), we would expect a modest ‘victory lap’, as we laid out last week, the administration set the stage for the Biden version of the Cuban Missile Crisis.

  • If Putin doesn’t invade – because he can get what he wants without doing so – Biden can claim this as a great victory. He would be the man who faced down Putin and got him to back away from all-out war.
  • If Putin does invade – goaded into it perhaps by the incessant establishment pressure – Biden gets to gloat that he was right about Putin and Russia looks like a bully to the world, making it considerably harder for China’s Xi to stand by Putin’s side

Notably, Jen Psaki said that Biden will not announce any new policy on Ukraine in today’s remarks.

The question is – will the president crank the rhetoric back up (imminent invasion) or tamp it down and recognize Putin’s retreat?

Watch Live (due to start at 1530ET):

end

Special thanks to Robert H for sending this t

Updated: the Duma has recognized the DPR and the LPR as expected

Inbox

Robert Hryniak1:28 PM (26 minutes ago)
to



The State Duma of the Russian Federation voted for the recognition of the #DPR and #LPR. The decision will be sent to President Putin now

Russia’s State Duma voted 351 to 16 in favor of recognizing [the two Oblast states]

This means that these territories can never be recaptured militarily by Kiev, not without teh effort being militarily annihilated by Russia.

It places those areas under the protection of the Russian state.

Given the fact that 3,500,000 people there have Russian citizenship and 720,000 receive Russian pensions, this would be the most likely next step for the Russia. 

Putin will then likely send in protective troops and military equipment to defend them from the constant barrage of artillery they get on a daily basis. This would be a blessing for the villagers there.  This may be considered “an invasion” by the west (US) which will trigger the so called “painful sanctions” against Russia. And if so it will trigger a moment of resolve in Europe. As no European country is going to fight for the Ukraine as a puppet state. And if. Sanctions are imposed under this pretense, all that will happen is that the US will  be more isolated losing  public perceived hegemony as it has already lost Europe. Perhaps, Britain might find a new opportunity as a military power in Europe as for its’ small size it packs an outsized punch. This may also allow a new renaissance of London as a financial center in a Europe that will cast off its’ EU coat for nation relationships to rebuild. Amusingly, the whole plan of Klaus and company dies if European cast off their debts to the EU leaving the ECB holding a bag of nothing and rebuild national currencies free of the yoke they now hold. The public would cheer the move. 

If during this time the Ukrainian military continues the active warfare against the Donbass, the retaliation against them could be quick and substantial by Russia. If the US and Nato were to decide to join in the fight and focus their weapons on Russian troops, then it would be game on between the US and Russia – and you will see a near death moment for America. It is very doubtful that any nation will go at Russia and NATO may but it is empty cry. 

The Ukraine blew the chance to keep these two areas when their Foreign Minister in Berlin last week bluntly told them that the Ukraine will not honor the Minsk Agreement that they signed. This basically was a slap to France, Germany and Russia and truly showed that they dance to the whims of DC who pulls their strings. Since the Ukraine ceased paying in 2014 for the LPR and the DPR, keeping soldiers on the contact line is total waste of money and to bleed to try and recover what they threw away is pointless and will only result  in Ukrainians dying with the country bleeding cash, it does not have. It would not be surprising to see the current group of lenders shrink as realities come into focus. The Ukraine is a failed state in a series of many ravaged as a expendable pawn for failed hegemony. It will be up to the people of the Ukraine to rebuild their country from the sorry state it is in. 

With the outflow of key pillagers and oligarchs from the Ukraine over the weekend the economy there will fall as no doubt whatever cash was there was taken out leaving many a coffer empty. Today the Ukrainian Parliament known as  Rada was supposed to have a session. It was canceled.  Why?  Because they did not have the quorum needed: of a total of 446 deputies, only 216 showed up.  The rest have all fled. Truly sad, but many other nations have preceded this grief and they will need time to rebuild to be a contributor to the world. Fortunately, there are many educated people there and if they can control the corruption they will make it, over several decades. One imagines that before it is over that the Ukraine may well break up and that would not be a first time in its’ short history as a nation. My guess is that Kiev east to the LPR and DPR will break away into a separate nation leaving Lviv as the capital of a bunch of misguided folks pursuing failed ideology and in time that too will fail and likely be gobbled up by other countries. Such is the history of the region. 

As for military hardware  in Belarus, it is being loaded back on to rail cars to head back to Russia. So much for the PR hype of invasion which has done much to show how American hegemony really is reduced to false narratives which serve in turn to diminish confidence even more. The bluster of war serves no purpose as neither Europeans or Americans are interested. 

And as for Germany, one only had to listen to the press conference to realize Germany will not give up Nord Stream2 and the Ukraine has an opportunity to retain transit fees if they keep their transit lines in good repair and pay their bills. 

END

Russia sends hypersonic missiles to Syria

Inbox

Robert HryniakAttachments5:06 PM (13 minutes ago)
to

> It seems no one listens to what Russia says, perhaps visuals of what is possible educates the deaf to see. Hegemony is characterized by ability to project by unstoppable force. 
> Note the hypersonic missiles. A message for who?
>
https://www.rt.com/russia/549458-hypersonic-missiles-syria-drills/
>
> Look closely at the map with the missile types as ask yourself if the Mediterranean is safe for American carrier groups in the case of a conflict with Russia. And as for Erdogan’s dreams of being Sultan of the Stans, he is dreaming in technicolor, as China and Russia will never allow him to seek the glories of the 17th century.  And without China propping him up, Turkey would fail.

end

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

EU/REUTERS/MAIN STREAM MEDIA:

end

CANADA/CONVOY

Trudeau’s State Media Labels ‘Freedom’ A “Far-Right” Concept

TUESDAY, FEB 15, 2022 – 10:20 AM

Authored by Steve Watson via Summit News,

One day before Canadian Prime Minister Justin Trudeau invoked emergency powers to crack down on anti-vaccine mandate protesters, state media outlet CBC published material claiming that ‘freedom’ is now a “far right” concept.

A CBC article argues that freedom is now a “malleable term” and is “open to interpretation,” citing its use by the Canadian trucker convoy, which the piece suggests is a far right movement.

CBC quotes Barbara Perry, the director of the Centre on Hate, Bias and Extremism at Ontario Tech University, who claims freedom “is a term that has resonated…. You can define it and understand it and sort of manipulate it in a way that makes sense to you and is useful to you, depending on your perspective.”

Perry wheeled out the inevitable January 6th comparison, stating “I think it… maybe takes some inspiration from what we’ve been seeing in the U.S. over the last year and a half or so, leading up to the last election and events of Jan. 6.”

The article also quotes another “expert”, Elisabeth Anker, an associate professor of political science at George Washington University, who argues that “Freedom is a slippery concept.”

Anker states “On the far right, [individual freedom] is often translated into somebody who refuses to be bound by norms of equality, treating all people equally or norms to remedy inequality, whether that’s trying to remedy racial discrimination or gender discrimination.”

The “professor” also said that when right wingers exercise their rights it is “violent freedom,” that can easily lead to danger, discrimination and be anti-democratic.

CBC is the same network that has been pushing crackpot misinformation including the notion that the truckers are really Russian agents.

Another Canadian media outlet, the Globe & Mail also jumped aboard the ‘freedom is hate’ bandwagon with this piece:

The author Gary Mason states that freedom is “a word that has become code for white-identity politics and the far-right’s weapon of choice in the culture wars,” adding that it “has not always been a concept usurped for selfish, malicious purposes.”

Or maybe freedom is the right to protest and say no when a government attempts to force you to undergo a medical procedure?

The Canadian Civil Liberties Association reacted to Trudeau invoking the Emergencies Act, and reports of bank accounts of supporters of the convoy being frozen:

The statement also noted “The federal government has not met the threshold necessary to invoke the Emergencies Act. This law creates a high and clear standard for good reason: the Act allows government to bypass ordinary democratic processes. This standard has not been met.”

Conservative Canadian MP Pierre Poilievre slammed Trudeau Monday, calling for an end to COVID restrictions and to stop punishing people in Canada who are calling for their freedoms back.*  *  *

SUBSCRIBE on YouTube and Follow on Twitter

END

Organizers alert police that nefarious elements plan to discredit the protest with guns stolen from a yard in Peterborough

Roberts/Realinvestment Advice.com)_

Freedom Convoy Organizers Say They Notified Police After Being Told “Nefarious Elements” Plan To Discredit Protest

TUESDAY, FEB 15, 2022 – 08:45 AM

Authored by Katabella Roberts via RealInvestmentAdvice.com,

Organizers of the Freedom Convoy in the Canadian capital say they have notified police after being told that “nefarious elements” are planning to plant weapons at the Ottawa COVID-19 mandate demonstrations as a “pretext to forcibly remove peaceful protestors.”

In a video posted to Facebook late on Feb. 14, organizers said they had received information from sources they consider to be “reliable” that the weapons may be planted.

The information, they said, correlates with the more than 2,000 firearms that were stolen in the city of Peterborough on the morning of Feb. 13.

Peterborough Police Service officers had said they are investigating the incident regarding the stolen firearms, which were taken from a trucking yard in the city in the early hours of the morning.

The truck and trailer were carrying more than 2,000 firearms with magazines but no ammunition was taken, officials said.

“Today on Feb. 14, we received information from multiple believed, reliable sources that firearms may be planted in Ottawa specifically around the Freedom Convey to discredit the protest and to use as a pretext to forcibly remove peaceful protestors,” organizers of the Freedom Convoy said in the Facebook video.

“Due to the nature of this information, we felt it prudent to notify the public in the interest of their safety. This private intelligence correlates with the approximately 2,000 firearms stolen in Peterborough Ontario on Sunday morning, February 13.

Our sources have notified us that these weapons may be planted by nefarious elements and at this point, we have no further knowledge about who is behind this act of sabotage,” organizers continued.

“As soon as we received this information, we notified the appropriate authorities with whom we are collaborating, including the Ottawa Police Service, the Ontario Provincial Police, the Royal Canadian Mounted Police and the Parliamentary Protective Service.”

The Epoch Times has reached out to law enforcement for comment.

Organizers then went on to urge demonstrators to inform the police immediately if they witness any suspicious activities.

They also asked the police not to “act discriminately” towards demonstrators.

“We expressly affirm the principle that change can only occur within the democratic process. We have never, nor do we ever, intend to step outside of this democratic process. Public and police safety remains our paramount concern,” they added.

Police surround a pickup truck as they clear protestors at the Ambassador Bridge in Windsor, Ont., on Feb. 13, 2022. (Jeff Kowalsky/AFP via Getty Images)

Prime Minister Justin Trudeau speaks during a media availability about the ongoing protests in Ottawa and blockades at various Canada-U.S. borders, in West Block on Parliament Hill, in Ottawa on Feb. 11, 2022. (Justin Tang/The Canadian Press)

In a media release on Feb. 14, Peterborough Police Service said that a truck carrying more than 2,000 firearms was stolen from a trucking yard in Peterborough. The firearms were of small calibre with the clips attached.

Officials said they believed it to be an isolated crime of opportunity rather than a targeted incident.

“It’s believed the suspects entered several other commercial yards in the city before this one, and that they had attempted to take different trucks and trailers before leaving with the trailer being sought in this incident,” officials said.

The truck is a white 2019 Freightliner New Cascadia 126 with the company name in red on the doors and a red #97 in red on the side of the hood.

The trailer was a white 2014 Hyundai 53 foot Dry Freight Van trailer with a silver metallic line that runs horizontally the whole length of the trailer, police said.

Officers are currently working to locate the trailer and its contents and upload the stolen firearms onto the national database.

The public safety announcement from Organizers of the Freedom Convoy comes after the Royal Canadian Mounted Police said they arrested 11 people at the Coutts border crossing protest in southern Alberta, and seized 13 long guns as well as handguns and a large quantity of ammunition.

In a news release on Feb. 14, the Mounties said they received information in the early morning that a “small organized group” within the larger Coutts protest had access to a cache of firearms and ammunition.

“The group was said to have a willingness to use force against the police if any attempts were made to disrupt the blockade,” officials said.

Officers searched three trailers believed to be linked with the small group and detained 11 people. They also seized 13 long guns, handguns, multiple sets of body armour, a machete, a large quantity of ammunition, and high-capacity magazines.

The protest at Coutts border crossing started on Jan. 29. It is one of several demonstrations that has begun since the Freedom Convoy encamped in Ottawa to demonstrate against the Canadian government’s COVID-19 vaccine mandate for cross-border truck drivers.

On Monday, Prime Minister Justin Trudeau told reporters that the government is invoking the Emergencies Act for the first time to address the impact of the ongoing protests against COVID-19 mandates and restrictions by truckers and their supporters.

end

Jonathan Turley outlines how free speech has failed in Canada

(Jonathan Turley)

Free Speech Becomes Roadkill In The Crackdown On Canadian Truckers

MONDAY, FEB 14, 2022 – 06:10 PM

Authored by Jonathan Turley,

[ZH: This was written just before Trudeau and Freeland unleashed 1984-esque hell this evening on Canadian’s freedom of speech and rights, making the situation even more surreal.]

Below is my column in the Hill on the government and media campaign against the Canadian truckers. The Canadian government has now cleared the Ambassador Bridge. However, there was lasting damage done to the rights of free speech and association after an alliance of the government, corporations, and the media sought to isolate the protesters politically and financially.

The most disturbing element was the freezing of donations by companies and the courts. Most recently, the TD Bank joined in blocking support from thousands of citizens. The organized effort to cut off access to donations is alarming, particularly in conjunction with efforts to curtail social media and other informational avenues for the protesters.

Here is the column:

Canada appears to be facing its greatest threat since Benedict Arnold came close to seizing Ottawa in 1775. The source of this “insurrection” and “attack on democracy,” however, is not a foreign government but Canadians who have descended on their own capital to protest continuing COVID-19 mandates.

The protest has been peaceful — and highly successful in cutting off key highways. But the most alarming development has not come from the convoy but from the commentary about it, including calls for mass arrests and even vigilantism. The Ottawa Police Services Board chairman has called it a “nationwide insurrection,” adding, “Our city is under siege.”

CNN analyst and Harvard professor Juliette Kayyem was apoplectic at the thought of truckers shutting down roads and interfering with trade. She tweeted out a call to “slash the tires, empty gas tanks, arrest the drivers, and move the trucks.” CNN correspondent Paula Newton said this act of civil disobedience was nothing less than a “threat to democracy. An insurrection, sedition.”

Blocking streets, occupying buildings and shutting down bridges have long been tactics of protesters. Yet what constitutes a protest or an insurrection often seems to depend on the cause involved. When rioters caused billions of dollars in damages, burned police stations and occupied sections of American cities in the summer of 2020, for example, few in the media declared them to be terrorists or a threat to democracy. But CNN’s Kayyem once called conservative protesters occupying a state capital “domestic terrorists.” GoFundMe, which previously helped in the funding of the Black Lives Matter (BLM) protesters, froze more than $10 million raised for Canadian truckers to prevent it from being used to support them.

After the money was frozen by GoFundMe, supporters switched to GiveSendGo to “adopt a trucker.” The Canadian government then moved successfully to freeze millions of donations to the truckersand the Supreme Court of Canada approved the freeze in a major blow to free speech and associational rights in Canada.

In the meantime, the government has demonized the convoy. Canadian Prime Minister Justin Trudeau, who praised truckers just two years ago as heroes, has denounced them as “trying to blockade our economy, our democracy.”

This is the same Trudeau who praised BLM protesters and stressed that “I have attended protests and rallies in the past when I agreed with the goals, when I supported the people expressing their concerns and their issues, Black Lives Matter is an excellent example of that.”

Protesters are routinely arrested for blocking roads, of course, and Canada certainly can enforce its public safety laws. But government responses, in the U.S. and now in Canada, seem heavily dependent on protesters’ viewpoints — just as much of the media coverage of Canada’s trucker movement could not contrast more strikingly with how protests across the U.S. in 2020 were often reported. Back then, many of these same journalists praised the civil disobedience legacy of the late congressman and civil rights icon John Lewis, who charged the next generation to go out and make “good trouble.”

In cities such as Washington, D.C., police allowed BLM protesters to take over streets and stood by as some protesters toppled historic statuesWhen House Speaker Nancy Pelosi (D-Calif.) was asked about the destruction, she shrugged and said, “People will do what they will do.” In Seattle, the seizing of a police station and the occupation of an entire section of the city was tolerated by the Democratic mayor, who likened it to a “summer of love.” And when BLM protesters flouted COVID-19 mandates, health experts lined up to declare they should be exempted from pandemic rules because racism is a health crisis too.

What is most concerning now is the unwillingness to consider Canadian truckers as anything other than knuckle-dragging, racist insurrectionists. Like so much in our age of rage, our political opponents cannot be anything but caricatures or cutouts, because reason no longer has a place in our national discourse. Yet it is precisely the isolation of dissenting voices and groups that leads to such acts of disruption and disobedience.

Canada’s truckers obviously feel marginalized and dismissed by their government. That feeling was magnified when Trudeau fled to a secure location and refused to meet with them. Officials then threatened anyone giving aid or gas to the truckers.

There is a worldwide movement against COVID-19 mandates and rising complaints over the censorship of those with opposing views of these policies. Many of those objections are now being treated as mainstream questions, from the efficacy of masks to the value of lockdowns, from the origins of the virus to the protection of natural antibodies.

Once again, an alliance of government, social media companies and the mainstream media is fueling public divisions, even as such condemnation of the truckers appears to be having less and less impact. Rage gives a license to treat opposing views as unworthy of expression or tolerance. But people who feel marginalized tend to get mad and find their own outlets for speech.

I believe the truckers are wrong to continue the blockade unless the government yields to their demands. But the government also is wrong in how it has dismissed the truckers and cracked down on fundraising and other support for the movement.

The freezing of funds supporting the truckers laid bare the anti-free speech trend sweeping across the world, including in the U.S. There is no principled basis for cutting off the ability of citizens to support other citizens in a campaign of civil disobedience. Although ignored by most in the media, the same claim used by the Trudeau government today could have been used to freeze support for the civil rights era’s freedom marchers or for BLM protesters in 2020.

Ottawa is not under siege; the roads can be cleared. However, our politics and media have become bunkered and blockaded. Free speech is being curtailed through government actions, including the freezing of these funds, or through corporate censorship now embraced by the left. And lost in all this is an outlet for our political tensions and channels for dialogue.

Acts of civil disobedience like these will remain part of political movements. However, if we want to reduce the impulse to take to the highways to protest, then we need to open up the information superhighway for full political expression and dissent.

END

The Global Disinformation Campaign To Suppress The Efficacy Of Ivermectin

Published on February 15, 2022

Written by Dr. Pierre Kory

As one of the world’s leading experts on the clinical use of ivermectin in COVID-19, I feel that it is my personal responsibility to try to create a historical record of the myriad actions taken against ivermectin by the global vaccine and pharmaceutical industry due to ivermectin’s long known and now proven role as the single greatest solution to the global pandemic.

All subsequent “Disinformation Campaign Against Ivermectin” posts should be understood in this vein. My previous post of my recent testimony in Senator Ron Johnson historic expert panel hearing detailed the incredible efficacy reported by the numerous health ministries around the world that deployed ivermectin in early treatment programs.

Note that I did not even bother to detail the 68 of 77 controlled trials involving 86,000 patients from 26 countries (many of them prospective, double blind, randomized controlled trials) that collectively report massive reductions in infections, hospitalizations and deaths, nor the dozen systematic reviews and meta-analyses (summary analyses of all the trials) that report the same.

Nor did I present the analyses done after removing all the trials being attacked as low quality or “potentially fraudulent”.. which actually found the signals of benefit INCREASED.

I am tired of presenting the efficacy data. The “debate” of the efficacy of ivermectin has long ceased to be a “data argument,” despite the attempts to make it one by claiming the world over that it’s efficacy is “unproven” due to the supposed fact that these many dozens of trials are all low quality, small, and/or fraudulent. For sure, such assertions have successfully injected such doubt that the near entirety of academic medicine in nearly all the world’s countries have accepted it as scientific truth.

These assertions can and should only be understood as a massive global propaganda and censorship campaign against the efficacy data. That is why I believe the only way forward is to expose each and every one of “their” Disinformation tactics. If I am successful in doing this, it is my hope that this may begin to help end the decades long war of the pharmaceutical industry against repurposed, generic medicines.

I feel the case of ivermectin may be a unique opportunity given that, in their pervasive war on numerous off-patent, effective therapies in dozens of disease models over decades, never has a single generic drug posed as large a threat to industry profit nor have they ever committed such openly brazen and widespread criminalities using unprecented levels of informational control.

It is my belief and hope that their insane and relentless over-reach to protect profits in the global pandemic, similar to Napoleon’s foray into Russia, just may have opened an opportunity to so fully expose their deadly tactics that we can begin to counter them on a global scale.

Let us be clear, that all of these nefarious actions, which I will detail in numerous subsequent posts in this series, could only have been made possible by their massive and/or direct control of numerous major national and international public health agencies, mass media outlets, social media companies, high-impact medical journals, and captured researchers.

Their ability to exert such fearsome power allowed them to suppress and/or distort the knowledge of the lifesaving efficacy against COVID-19 of one of the worlds safest, most widely available, and inexpensive medicines. Never forget that these actions have resulted in millions of deaths. These are crimes against humanity.

The only way to stop future pharmaceutical industry crimes against humanity is to record, for posterity, the historically unprecedented scale of censorship and propaganda of information that they deployed. If I can help expose this playbook (with my little substack – delusions of grandeur?),

WE have a shot at developing countering and/or neutralizing measures to prevent further massive deaths in this disease… as well as many other diseases. Note that the nefariousness of these actions can only be dwarfed by their scale, as they have impacted survival outcomes in almost the entirety of planet Earth’s citizens.

Although I will document these depraved actions, in most cases I will be unable to suggest or truly identify the ultimate or specific protagonists. You know, the actual individuals deploying these tactics, the ones making the ad buys and providing the “messaging,” paying the journalists and researchers for their media hit jobs, publishing the “negative” medical journal editorials and studies, partnering with the occasional U.S sociopath health agency leader etc.

Although I will be unable to identify them personally, employing logic, the only possible source of sufficient power to have exerted such widespread influence, would be the managers of the three multi-trillion dollar investment firms that have influential and/or controlling stakes in almost all corporations in almost all industries, and those three are… Black Rock, State Street, and Vanguard.

Or it may have been the occasional pseudo-philanthropist vaccine-obsessed eugenicist hundred billionaire who along with massive controlling donations to all the major international and national health agencies, also distributed hundreds of millions amongst almost every major media outlet in the world.

That investigative exercise is not what I am skilled in, as I am just a lowly physician expert in ivermectin who has held a front row seat to now 14 months of their deadly successful Disinformation campaign against ivermectin. Instead I simply plan to document every detail of every action that I have witnessed and/or have been personally involved in.. and hope the investigative authorities can take care of the rest.

It’s time for the cops. It’s time for the prosecutors. And it’s time for the judges. And then it’s time for the prisons. But first the evidence. Stay tuned.

P.S I just want to say how much I appreciate all the subscribers to my substack, and especially the paid ones! Your support is so greatly appreciated. Thanks my friends.

See more here: substack.com

end

CBC media in Canada claim truckers are Russian agents

(Watson/SummitNews)

Watch: Canadian Media Still Pushing Crackpot Theory That Truckers Are Russian Agents

MONDAY, FEB 14, 2022 – 08:50 PM

Authored by Steve Watson via Summit news,

As the Canadian freedom convoy rolls on and continues to influence other protesters around the globe, Canadian media continues to push outright disinformation by suggesting that the Russian government is behind the movement.

When the convoy first came to prominence at the end of January, state broadcaster the Canadian Broadcasting Company began spreading completely unfounded claims that “Russian actors” were present among the Canadian truckers holding up major cities including Ottawa and Toronto, as well as border crossings.

The tenuous reasoning behind the theory is that Canada has expressed support for Ukraine during the country’s ongoing tensions with Russia.

Rather than admit that working class truckers are sick of enforced restrictions and vaccine mandates threatening their livelihoods, CBC floated the crackpot idea that Vladimir Putin is secretly behind the protests.

CBC continues to push the conspiracy theory, with correspondent Harry Forestell filing the following report Friday giving airtime to ‘New Brunswick cybersecurity expert’ David Shipley, who is adamant that the Russians are behind everything.

Shipley proclaimed “Who would have reason right now to cause as much chaos in Canada as possible? Well, at the top of that list is Russia.”

He continued:

“We are actively engaged in a geopolitical battle about the future of the Ukraine. Our Foreign Affairs minister, our Prime Minister, others have been very vocal in our support for the Ukraine and it seems very likely that the tactics that we are seeing, the creation of the massive Facebook groups using fake identities or in the case now alleged by a U.S. media outlet, a stolen identity of a Missouri woman to create these groups and to foster this communication hundreds of thousands of people, this is the Russian internet research agency playbook writ large.”

Shipley has considered that possibly the truckers are Chinese agents too, but ultimately no, they’re Russian.

He declared “You have other enemies as well. You have China, you have other states but when I narrow down my list of suspects and I don’t have enough evidence to win in a court of law but I don’t need that right now, this smacks of the kind of move that Russia has made in the past, the United States, and is continuing to do around the world.”

When asked what the solution to this pressing Russian agent problem is, Shipley’s solution was to restrict and shut down the convoy’s social media presence.

You certainly don’t have enough evidence Mr Shipley because there isn’t any.

END

Amazing: sate media labels “freedom’ a far right concept

(Watson/SummitNews)

Trudeau’s State Media Labels ‘Freedom’ A “Far-Right” Concept

TUESDAY, FEB 15, 2022 – 10:20 AM

Authored by Steve Watson via Summit News,

One day before Canadian Prime Minister Justin Trudeau invoked emergency powers to crack down on anti-vaccine mandate protesters, state media outlet CBC published material claiming that ‘freedom’ is now a “far right” concept.

A CBC article argues that freedom is now a “malleable term” and is “open to interpretation,” citing its use by the Canadian trucker convoy, which the piece suggests is a far right movement.

CBC quotes Barbara Perry, the director of the Centre on Hate, Bias and Extremism at Ontario Tech University, who claims freedom “is a term that has resonated…. You can define it and understand it and sort of manipulate it in a way that makes sense to you and is useful to you, depending on your perspective.”

Perry wheeled out the inevitable January 6th comparison, stating “I think it… maybe takes some inspiration from what we’ve been seeing in the U.S. over the last year and a half or so, leading up to the last election and events of Jan. 6.”

The article also quotes another “expert”, Elisabeth Anker, an associate professor of political science at George Washington University, who argues that “Freedom is a slippery concept.”

Anker states “On the far right, [individual freedom] is often translated into somebody who refuses to be bound by norms of equality, treating all people equally or norms to remedy inequality, whether that’s trying to remedy racial discrimination or gender discrimination.”

The “professor” also said that when right wingers exercise their rights it is “violent freedom,” that can easily lead to danger, discrimination and be anti-democratic.

CBC is the same network that has been pushing crackpot misinformation including the notion that the truckers are really Russian agents.

Another Canadian media outlet, the Globe & Mail also jumped aboard the ‘freedom is hate’ bandwagon with this piece:

The author Gary Mason states that freedom is “a word that has become code for white-identity politics and the far-right’s weapon of choice in the culture wars,” adding that it “has not always been a concept usurped for selfish, malicious purposes.”

Or maybe freedom is the right to protest and say no when a government attempts to force you to undergo a medical procedure?

The Canadian Civil Liberties Association reacted to Trudeau invoking the Emergencies Act, and reports of bank accounts of supporters of the convoy being frozen:

The statement also noted “The federal government has not met the threshold necessary to invoke the Emergencies Act. This law creates a high and clear standard for good reason: the Act allows government to bypass ordinary democratic processes. This standard has not been met.”

Conservative Canadian MP Pierre Poilievre slammed Trudeau Monday, calling for an end to COVID restrictions and to stop punishing people in Canada who are calling for their freedoms back.*  *  *

SUBSCRIBE on YouTube and Follow on Twitter

END

Ottawa Police Chief Resigns

TUESDAY, FEB 15, 2022 – 12:15 PM

Ottawa Police Chief Peter Sloly has resigned, according to the Toronto Sun‘s Brian Lilley and confirmed by the CBC, which notes that “Sloly has faced criticism for his handling of a truck convoy protest that has caused major disruption to Ottawa’s downtown core.”

Sloly will publicly announce his departure after the Ottawa Police Services Board meeting today, according to the CBC.

As the Post Millennial notes, Last week, Sloly said that there was “absolutely [no]” plans to resign as police chief, telling Newstalk 580 CFRA that he “came here to do a job.”

“I came here to do a job and I’m going to get that job done all the way through,” he said, according to CTV News. “Absolutely committed, have a great team here, great officers, we’ve got great partners in the city. We’re going to get this done.”Developing…endMartial Law In Canada: It’s Never Been Riskier To Not Own BitcoinTUESDAY, FEB 15, 2022 – 12:59 PMAuthored by Mark Jeftovic via BombThrower.com,Welcome to the era of civil asset forfeiture for your bank accounts. Where governments are woke, broke, and the new f-word is Freedom.Christia Freeland’s edict tonight that the government can now seize bank accounts with no due process and no recourse could only have been made possible by a complicit media, shaping an utterly false narrative about the truckers convoys and even of “freedom” itself.For about six years or so, the far left, woke progressives have been operating under the assumption of being (ironically) “on the right side of history”, that their pronunciations, accusations and neuroses were canonical truth while all other thought was heretical and offensive.They believed themselves to be objectively correct about everything, and that they evangelized an all-encompassing worldview of purported fairness and equity. Yet, the vast majority of their rhetoric is the embodiment of flat-out hatred and othering. For self-declared anti-fascists, their prescriptions around nearly everything amount to pure unvarnished totalitarianism.They’ve destroyed classical liberalism, they’ve hijacked everything to the left of Ronald Reagan and they’ve polarized the discourse to such as degree that anything which is not full throated cultural marxism is deemed far-right.Against this backdrop of institutionalized gaslighting, on the eve of the Trudeau government’s declaration of martial law, I’m going to go out on a limb and say that..The times, they are a changingWhether anybody cares to admit it or not, the Truckers Revolt, having spread not only across Canada but around the world, has catalyzed a sea change. The public sentiment was already there: people were sick of COVID Tyranny and they were sick of lockdowns and even a large swath of the double vaccinated (like myself) find the vax mandates to be Orwellian and authoritarian.Covid is over. However the ones who hadn’t yet tapped into the change in public sentiment were the political class, who have come to enjoy ruling by edict for two years, the corporate oligarchy who conveniently had most of their small business competitors forced to shut down, and the mainstream media, who now have to somehow climb down from a sugar high of non-stop doom mongering.The truckers set something off, a fire, and then Justin Trudeau almost single-handedly poured all the gas that was needed to turn it into a global contagion of backlash.But it has been astonishing how quickly the wind has shifted. The quicker witted politicians are now scrambling to position themselves as being against mandates, with Saskatchewan, Alberta and even Ontario moving to scrap them.Liberals like Bill Maher are comparing Justin Trudeau to Hitler, and that was before he declared martial law…Jon Stewart was heard navel gazing about the “misinformation boogeyman”, as if countless people haven’t been saying it for years….Who would have thunk it?Never before have so many people had their eyes opened to the sanctimonious narcissism and hypocrisy of today’s political monoculture and the cultural Marxists that support it. For that, COVID may have its silver lining.Without it, we would have endured another couple decades of creeping collectivism that would have culminated in a technocratic authoritarianism that may have taken a century to self-destruct (as centrally planned dictatorships always do).Covid pulled it all forward into 18 months. It was, as I frequently quip “too much, too soon”This extreme political overreach is actually quickening the implosion legacy establishment and the awakening of the public. The era of woke hegemony will almost certainly enter a period of secular decline in this post-pandemic denouement.When the next media driven gleichschaltung comes along, it’s going to be a tougher sell. The corporate press has irredeemably discredited itself and they will be in scramble mode over the next few years for mere survival. Only those who get back to their core mandate of actual journalism have a shot.Welcome to Cyprus 2.0There is only one true existential threat to society right now, and that is the impending collapse of the global financial bubble. It’s the one thing that can’t be averted, and it’s the one crisis policymakers will go to any lengths to avoid acknowledging (because they created it).  They’ll do anything to gloss over it. It was probably the core motivator behind exaggerating the actual danger of COVID over the past two years.They’re so desperate they’ll gladly trade any other crisis, no matter how contrived (like climate hysteria) or dangerous (like a hot war with Russia) in order to blot out the impending economic carnage from the public’s awareness. Remember how after the Cyprus bail-in of 2013,  legislation that permitted the same thing was rapidly adopted by governments all over the world?Make no mistake, this is Cyprus 2.0. Tonight’s move by Freeland and the Liberals just ushered in the era of civil asset forfeiture for your bank accounts. All we need is for somebody to bless it with the word “template”. Cyprus boosted Bitcoin over the $1,000 USD mark for the first time ever. Granted only a few hours have passed since the decree, but it is telling that cryptos ramped immediately…Both then and now,  what they’ve accomplished is to actually amplify the game theory that incentivizes getting as much of one’s wealth out of the legacy banking system as fast as possible.Nevermind that in the legacy banking system:Your purchasing power is stolen via inflation (accelerating toward escape velocity)Interest rates on your savings are negative in real termsYou’re using debt as currencyAs of tonight, in Canada, the old adage “safe as money in the bank” isn’t what it used to be. Your money can be seized. No warrant. No court orderNo due process, no recourseand the banks are shielded from liability.OrBitcoin as the global opt-out. When you don’t have protection under the law, when you’re just on the receiving end of what is decreed, when ultra-wealthy socialists are busily re-imagining your life, and when you get demonized as a fringe and alt-right just for demanding your “Freedom” back, then you really don’t have to do anything else.Just nod and smile and stack some sats.The rest will take care of itself

59% OF USA VOTERS SUPPORT THE TRUCKERS IN CANADA:maybe of interestInboxChris Powell1:47 PM (13 minutes ago)to meSee:https://www.rasmussenreports.com/public_content/politics/current_events/covid_19/59_of_u_s_voters_support_canadian_truckers_in_freedom_convoy_prote

GLOBAL  ISSUES//

END

VACCINE IMPACT

Former FDA Commissioner and Current Pfizer Board Member Scott Gottlieb Admits Not Enough Children Under 5 Have COVID to Test Vaccine

February 14, 2022 2:21 pm

Scott Gottlieb is the poster boy for everything that is wrong with America today. He was the top dog at the FDA being appointed as its Commissioner from May 11, 2017 to April 5, 2019 before joining the Board of Directors of Pfizer. This morning CNBC interviewed him to explain why the FDA decided to delay approving Pfizer’s COVID-19 shots for children between the ages of 6 months and 4 years old. Gottlieb was NOT interviewed as a guest, but as a “CNBC contributor,” which means he also works for the corporate media. When you look at the government statistics regarding the COVID-19 “vaccines” which clearly show that these products are maiming and killing millions of people, and yet the corporate media never publishes these statistics that the government has, and the government health agencies never take action to stop these crimes, you can look to Americans like Scott Gottlieb to understand why nothing ever happens to bring these criminals to justice. While in past years it was Big Oil that fueled the Wall Street Billionaires and Central Banks which allowed them to totally control all aspects of America life, today it is clearly Big Pharma. Big Pharma, especially since COVID and President Donald Trump’s Operation Warp Speed that robbed what was remaining of America’s wealth and handed it over to his buddies on Wall Street, now controls all aspects of American life, including the corporate media, the government health agencies, the politicians at the national level, and the U.S. Military along with their various intelligence agencies. So what did the Big Pharma mouthpiece Scott Gottlieb say this morning to explain the FDA’s delay in approving his company’s COVID-19 vaccines for young children? He said there were not enough children that young who were sick with COVID-19 to be able to complete the studies. The woman at CNBC interviewing Gottlieb stated that she had talked to people over the weekend that questioned whether or not children that young actually needed the vaccine, but Gottlieb assured her, and Pfizer’s investors, that the 400 alleged deaths from COVID over the past 2 years in this age group, and the difficulty they were having in finding children that young infected with COVID-19, was not going to stop them from rolling out this shot for babies and toddlers.

Read More…


Desperate Trudeau Invokes Emergency Powers Act Effectively Declaring Martial Law Against Trucker Protests

February 14, 2022 5:34 pm

Canadian Prime Minister Justin Trudeau followed through with his threat to invoke the “Emergency Act” today as the Canadian Trucker Freedom Convoy protests entered its 3rd week and appears to be gaining wide support, not only in Canada, but around the world. This is an unprecedented move, as the Emergency Act has never been previously invoked since its passage in the 1980s. It is a temporary measure that gives the government broad powers to suspend civil rights, similar to Martial Law, including the power to restrict travel, enter and seize private property, arrest people, among others. Even before this announcement today, there have been reports of people being visited in their homes from police who have been monitoring people’s speech on Facebook in regards to the protests. Here is one video. The Ambassador Bridge connecting Ontario with Michigan was reopened yesterday (Sunday, Feb. 13th), as police reportedly made some arrests in an early morning raid. It is not clear why it took them so long to open the bridge when there were actually very few protesters there, and the day before, Rebel News reported that protesters had already removed several vehicles to open up a lane for traffic. Some of the leaders of the Trucker Protests gave a Press Conference earlier in the day where they stated that they were not backing down, and were not afraid of the Canadian Government’s scare tactics. Rebel News reported that several Canadian Provincial Premiers are opposing Trudeau in his invoking of the Emergency Act. Rebel News has also reported that Finance Minister Chrystia Freeland announced today that the Canadian Government is also going after the financing of the Trucker Convoy, including crowdfunding platforms and cryptocurencies. On Friday, the main corporate media outlet in Canada, CBC, published an interview with a “cybersecurity expert” who claimed that “Russian agents” were behind the Trucker protests. Is this media propaganda designed to create fear in Canada so that if war does break out in the Ukraine they can then orchestrate media blackouts to take more aggressive action against the protesters?

Read More…

Michael Every

on the major topics of the day

Michael Every…

Rabobank: Clockwork Markets’ Horror-Show

TUESDAY, FEB 15, 2022 – 09:44 AM

By Michael Every of Rabobank

Clockwork Markets’ Horror-Show

“There was me, that is Assets, and my three droogs, that is S&Pete, FTS-ie, and Dim Jones, Dim being really dim, and we sat in the CentralBanka Milkbar making up rassoodocks what to do with the evening, a flip dark chill winter though dry. The CentralBanka Milkbar was a milk-plus mesto, and you may, O my brothers, have forgotten what these mestos were like, things changing so skorry these days, and everybody very quick to forget, newspapers not being read much neither.” (With apologies to Anthony Burgess and ‘A Clockwork Orange’.)

Markets, central banks, and governments all like things to go like clockwork – in the case of stocks, upwards. Yet all are now confused by a situation that looks like a potential horror-show: that word, and the language and the dark humour that created it, just prompted real volatility.

We started Monday with a risk-off tone due to headlines of shuttle diplomacy, Ukrainian oligarchs leaving the country, and the purported date of today for a Russian false flag attack followed by an invasion tomorrow. Then Bloomberg breathily reported Russian President Putin –replying to Foreign Minister Lavrov saying that even if Russia’s patience is not infinite, he still believed in giving diplomacy a chance– said “khorasho”.

This can mean “good/well; OK; alright; okey dokey; that will do; fair enough; fine.” It is also the origin of the adjective “horror-show” in the mixture of Russian and English the youth speak in the dystopian Burgess novel/Kubrick movie ‘A Clockwork Orange’. Notably, however, it is not the same as “Ya saglassen.” (“I agree”). Logically, it is also what anyone about to invade would say: which leader shouts the time and date of an attack? Nonetheless, markets reacted as if everything was going to work like clockwork again.

Until Ukrainian President Zelenskiy used Facebook to state: “They tell us February 16 will be the day of the attack… We will make it a day of unity. They are trying to frighten us by yet again naming a date for the start of military action… We are intimidated by a great war and once again set the date of the military invasion. This is not the first time.” And risk was off again….until a presidential spokesperson stated Zelenskiy, a former comedian, was being sarcastic!(!) Yet markets were already mostly closed and in the red.

At time of writing the US was warning of further Russian reinforcements arriving; OSINT show Russian helicopters and tanks moving on roads near the Ukrainian border – a logistical step only taken at the last moment as it damages them; embassies, the IMF and World Bank are leaving; a senior Russian diplomat states “We will not invade Ukraine unless we are provoked to do that. If the Ukrainians launch an attack against Russia, you shouldn’t be surprised if we counterattack. Or, if they start blatantly killing Russian citizens anywhere – Donbas or wherever,” – which some see leaves the door open for a casus belli; Putin reportedly added to his ‘horror-show’ in underlining he wants discussions… that address his demands for guarantees over Russian security – as Western steps so far only address Russian insecurity; as the US admits it is trying to find a land route to channel weaponry to Ukraine –when one should be obvious(?)– and that the EU are not lined up over sanctions because of their own economic interests – which is not intimidating to Moscow.

Oh, and both the US and EU are considering small loans to Ukraine. If there were ever a time to underline the old economic argument about the relative value of money (and water and diamonds), this would be it: “Here is some money.” “Can I buy German weapons with it?” “Nein.”

So, what is our current horror-show? Is it: 1938 (Germany > Czechoslovakia); 1939 (German/USSR > Poland); 1941 (Germany > USSR); 1956 (USSR > Hungary); 1968 (USSR > Czechoslovakia); 1979 (USSR > Afghanistan); 2003 (US > Iraq); 2008 (Russia > Georgia); or 2014 (Russia > Ukraine)? Or is it ‘Wag the Dog’ from both sides – Russia, to push commodity prices higher and look more important (as it takes Belarus under its wing, unnoticed); the US, as an excuse why the economy is performing poorly and fiscal stimulus is needed, and to claim a foreign-policy victory over preventing an invasion that was never going to happen, while also dragging the EU (excluding Germany?) back into a Cold War stance? The passion with which these different views are held matches the singular gravity of the tail risks involved.

Only time will tell, but to me logic says the best way to show which of the above are not the case would be for the Russian military assembled on the Ukrainian border to go back to barracks: then we could see some risk on again. Yet until then many of those finally discussing this in markets retain the deeply held view that war can’t happen because it would be bad for assets: as Bloomberg reports, some on Wall Street believe a potential Ukraine war could be a ‘Polar Vortex’ risk to stocks that could tip economies into recession. As such, it is far easier for many to just keep saying “khorasho”, not horror-show.

But “Viddy well, little brother, viddy well.”

Meanwhile, although not market-moving against the current backdrop, there has been a major development in Canada. Truckers and their supporters have been protesting across the country for weeks, and in response to the resultant economic disruption Prime Minister Trudeau has introduced emergency powers that allow the freezing of bank accounts and financial assets without a court order and including crowd-funding websites and crypto assets under anti-money laundering and terrorism legislation. Tow-truck owners will also be “compelled” to remove trucks and trailers blocking roads, which they are so far refusing to do out of sympathy. (But how?) It remains to be seen if this draconian regulatory escalation is met by protests now ending or escalating in turn to be even more disruptive – as has happened so far. Let’s hope another ‘hot’ situation in cold land can be resolved “khorasho” and not horror-show. Yet in the same way that Russia’s recent actions have rapidly changed how the West and investors need to look at political-economy and markets, so perhaps do Canada’s: once again, think of the old economic arguments about the relative value of (relative kinds of) money – and of goods, and who provides them.

“You can viddy that everything in this wicked world counts. You can pony that one thing always leads to another. Right right right.”

“You have no cause to grumble boy. You made your choice and all this is a consequence of your choice. Whatever now ensues is what you yourself have chosen.”

7. OIL ISSUES

 

8 EMERGING MARKET& AUSTRALIA ISSUES

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

END

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

Euro/USA 1.1347 UP .0041 /EUROPE BOURSES //ALL GREEN    

USA/ YEN 115.63  UP  0.098 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3549  UP   0.0017

 Last night Shanghai COMPOSITE CLOSED UP 18.21 PTS OR 0.50%

 Hang Sang CLOSED DOWN 200.86 PTS OR 0.82%

AUSTRALIA CLOSED DOWN 0.59%   // EUROPEAN BOURSES OPENED ALL GREEN  

Trading from Europe and ASIA

I) EUROPEAN BOURSES ALL GREEN    

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 200.86 PTS OR 0.82%

/SHANGHAI CLOSED UP 17.21 PTS OR 0.50%

Australia BOURSE CLOSED DOWN 0.59%

(Nikkei (Japan) CLOSED DOWN 214.40 PTS OR 0.79%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1848.90

silver:$23.28-

USA dollar index early TUESDAY morning: 96.08  DOWN 29  CENT(S) from MONDAY’s close.

THIS ENDS TUESDAY MORNING NUMBERS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 1.19%  UP 2  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.216% down 0 AND 2/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 1.24%// UP 3   in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.98 UP 1    points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 74 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO +0.313% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.70% 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 TUESDAY  

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

Euro/USA 1.1364  UP .0058    or 58 basis points

USA/Japan: 115.69 UP 0.155 OR YEN DOWN 16  basis points/

Great Britain/USA 1.3531 UP 4  BASIS POINTS

Canadian dollar DOWN 17 pts to 1.2746

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED )..UP 6.3392  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3272

TURKISH LIRA:  13.62  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.216

Your closing 10 yr US bond yield UP 4  IN basis points from MONDAY at 2.029% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield: 2.343 UP  6 in basis points 

Your closing USA dollar index, 95.99  DOWN 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 TUESDAY: 12:00 PM

London: CLOSED UP 61.79 PTS OR 0.82%

German Dax :  CLOSED UP 270.60 points or 1.79%

Paris CAC CLOSED UP 113.18PTS OR 1.65% 

Spain IBEX CLOSED UP 132.30PTS OR 1.55%

Italian MIB: CLOSED UP 509.69 PTS OR 1.93%

WTI Oil price 91.65    12: EST

Brent Oil:  92.50  12:00 EST

USA /RUSSIAN /   RUBLE RISES:   75.68  THE CROSS LOWER BY  155 RUBLES/DOLLAR (RUBLE HIGHER BY 155  BASIS PTS)

GERMAN 10 YR BOND YIELD; +.313

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1362 UP  .0057   OR 57 BASIS POINTS

British Pound: 1.3538 UP  .0007 or 7 basis pt

USA dollar vs Japanese Yen: 115.62 UP .081

USA dollar vs Canadian dollar: 1.2727 DOWN .0002 (cdn dollar UP 2 basis pts)

West Texas intermediate oil: 91.91

Brent: 93.14

USA 10 yr bond yield: 2.050 UP 6 points

USA 30 yr bond yield: 2.362  UP 8  pts

USA DOLLAR VS TURKISH LIRA: 13.61

USA DOLLAR VS RUSSIAN ROUBLE:  75.44 DOWN 107 BASIS PTS (ROUBLE UP 107 PTS)

DOW JONES INDUSTRIAL AVERAGE: UP352.22 PTS OR 2.47%

NASDAQ 100 UP 352.22 OR 2.47%

VOLATILITY INDEX: 25.64 DOWN 2.69 PTS (UP 9.50.%

GLD/NYSE CLOSING PRICE $173.06 DOWN $0.17 OR 0.98%

SLV/NYSE CLOSING PRICE: $21.61// DOWN $.44 OR 2.00%

end)

USA trading day in Graph Form

Crude Crushed, Stocks Surge, Bitcoin Bid As US-Russia Tensions ‘Ease’

TUESDAY, FEB 15, 2022 – 04:01 PM

Putin folds and the stock market rejoices, crude sees its geopolitical risk premium cut, safe-haven bonds and bullion are sold, but bitcoin gets a strong bid… then Biden steals the jam out of the market’s donut.

The White House issued this graphic representation of what happened this morning on the Ukraine-Russia border…

It seems everyone forgot about the hotter than expected PPI print which left rate-hike odds up near cycle highs with a 60% chance of a 50bps hike in March holding steady…

Source: Bloomberg

As Europe opened and reports came out that Putin was withdrawing some troops, futures exploded higher. Then the record PPI print hit and stocks stalled into the cash open, where they were bought… everything was awesome until Biden spoke late on and said “a Russia attack on Ukraine is still very much a possibility… and Russian troops are very much in a threatening position” and that sent stocks lower fast…and then a massive buying program stepped in and ripped everything to the highs of the day… Small Caps and Nasdaq outperformed, Dow lagged but still managed to gain over 1%…

The last 30 minutes was crazy…

Source: Bloomberg

The S&P rallied up to its 200DMA and held it today while The Dow could not quite make it…

Today was the 2nd biggest short-squeeze since June 2021 as ‘Most Shorted’ stocks soared almost 5%….

Source: Bloomberg

The credit market continues to worry about the coming recession…

Source: Bloomberg

Bond market vol continues to rise

Source: Bloomberg

Bonds were mixed today with the long-end dramatically underperforming (30Y +8bps, 2Y unch)…

Source: Bloomberg

The dollar limped lower today…

Source: Bloomberg

Bitcoin was well bid today, back above $44k (once again finding support at the 50DMA)…

Source: Bloomberg

Aside from the malarkey in US equities, the energy complex was the most impacted by the Russia headlines as crude pricesa puked all the “invasion imminent” gains and more with WTI back below $91…

The possible good news (for any American who drives and also for Joe Biden’s approval rating) is that a continued drop in the risk premium in crude could stall an expected ongoing surge in gas pump prices…

Source: Bloomberg

Gold was also dumped today, but less so. erasing the ‘invasion imminent’ premium…

And finally, it appears Omicron is over…

Source: Bloomberg

Cases are back to pre-Omicron levels and deaths are rolling over… and Putin is retreating?! Time for a beer!

I) /LATE AFTERNOON TRADING/

A Far Greater Risk Emerges: Bond Market Liquidity Is Quietly Collapsing


TUESDAY, FEB 15, 2022 – 05:05 PM

In recent weeks we have repeatedly directed attention to the woeful liquidity in the e-mini S&P future, arguably the most important contract behind the broader US equity market, where book depth has collapsed to levels last seen during the March 2020 crash when just an order size of just 4 million could move the contract by 1 tick.

This has translated into violent and often painful swings in the S&P, leading to a surge in intraday volatility which has reflexively reinforced the market’s sharp downdraft in the past month, which in turn has led to even less liquidity, and so on.

Yet while stocks have seen a surge in volatility in the past month coupled with a collapse in liquidity, bond markets have remained relatively resilient despite the Fed’s upcoming quantitative tightening.

That’s about to change.

As Bloomberg’s Edward Bolingbroke writes, liquidity in the world’s (normally) deepest and most liquid market, that of U.S. Treasuries,  is eroding again, as the past week’s controversy about how much and how quickly the Federal Reserve will raise interest rates this year unleashed a bout of extreme volatility in yields.  

Not only has this translated into a surge in bond market volatility as measured by the MOVE index, which has spiked to the highest level since March 2020…

…  but the Bloomberg U.S. Government Securities Liquidity Index – a gauge of deviations in yields from a fair-value model – is approaching last year’s highs, reached in early November. At that time, expectations for Fed hikes had begun to mount in October, causing historically large daily swings in short-dated Treasury yields in particular.

Volatility has soared amid growing fears that the Fed could unveil a half-point rate increase in March, which on Feb 10 spurred the two-year note’s yield to rise 21 basis points, its biggest increase since 2009. The same day a gauge of expected volatility in U.S. rates over the next 12 months reached the highest level since May 2010, a period of spectacular volatility in U.S. stocks.

“As volatility has picked up, market depth has fallen,” JPMorgan rates strategists Jay Barry wrote in a Feb. 11 note, adding that the “softer Treasury market liquidity acted as an accelerant in the latest moves.” Market depth, a key measure of liquidity — derived from the sizes of bids and offers on the BrokerTec trading system — is depressed for all Treasury tenors, and worse for two-year notes than for the five- and 10-year.

Meanwhile, with Treasury short positions anticipating higher yields elevated and continuing to grow, Bollingbroke warns that liquidity will be essential to avert a dramatic repricing lower in yield in the event of a reversal in sentiment that drives investors out of those positions.

But it’s not just treasury bond market liquidity that is collapsing: corporate bonds are about to be hit as well.

As Goldman’s Lotfi Karoui writes today, despite record mutual fund outflows, the performance of the USD high yield corporate bond market relative to other risk assets such as equities has been quite resilient, even though it has clearly blown out in recent weeks.

The good news is that while outflows are truly concerning, they make bad predictors of future performance. As Karoui explains, in the eyes of many fixed income investors, mutual fund flows are a key metric to gauge market sentiment and get clues on future performance. And while the Goldman strategist doesn’t dispute the information content of mutual fund flows as far as risk sentiment goes, he says that he has long been skeptical of any potential causality between the direction of fund flows and future performance: “as we discussed a few weeks ago, the empirical evidence suggests a weak relationship between flows and future performance (at least over relatively short-term horizons). And while the contemporaneous relationship is stronger (Exhibit 1), it is not indicative of any causal relationship. Rather, it merely suggests that flows and returns have a common driver.”

The trajectory of (outward) fund flows in the USD HY bond market thus far this year has been a case in point. Data collected from EPFR show that USD HY bond funds experienced net outflows of $15.8 billion, equivalent to 3.8% of the beginning of the year’s AUM. Putting this in context, the erosion in AUM represents the worst start to a year since 2010, and is partly reflective of a strong rotation into the floating rate leveraged loan market. Meanwhile, since the start of the year, bank loan funds have added roughly $9.2 billion in net inflows. These net inflows have allowed AUM to grow by an impressive 10% since the beginning of the year.

Here Karoui claims that despite the sizable outflows from USD HY bond funds, “there is little to suggest any material impact on secondary market performance. Since the start of the year, HY bond spreads have widened – but this widening has been a reflection of investors’ reassessment of the forward path of macro fundamentals, as opposed to any technical pressure from these large outflows.” Indeed, as shown in Exhibit 2, HY bonds actually outperformed their beta to the S&P 500 in January, and have since been moving in-line (which is in large part due to the excessive volatility and liquidity collapse of the US equity market). And while the Goldman credit strategist suspects the decent cash balances of HY mutual funds going into the year have likely helped absorb the outflows (Exhibit 3), he notes that the relative outperformance of HY bonds vs. equities so far this year serves as a useful reminder that large outflows do not necessarily translate into poor performance, and that flows and returns both respond to investors’ aggregate level of risk aversion

Still, even Goldman has to admit that the impact of this year’s massive HY outflows has become more visible in recent weeks, especially when it comes to market microstructure.

As shown below, the Amihud illiquidity measure, a proxy for the price impact of the order flow, has increased in February, having held up quite well prior to that. This uptick suggests rising headwinds for risk intermediation. While it is true that the uptick could just reflect a normal response to the high volatility regime that has prevailed since the year started, as Exhibit 4 shows, the same measure has been better behaved in the IG market, which suggests that outflow-related idiosyncratic factors have likely weighed more on the secondary HY bond market relative to its IG counterpart. As Goldman concludes, further amplification of the recent outflows will likely provide more clarity on the strength of the market microstructure and the risk of a repricing of liquidity premia.

And while Goldman is waiting, the bottom line is clear: the liquidity vacuum that has hammered stocks and has led to rollercoaster swings, is transitioning to both the credit and government bond market, and unless capital markets get some bullish trigger – arguably from the Fed – that sees liquidity “refilled”, the next market crash will not be limited to just stocks, but will drag both bonds and govvies lower.

How much lower? Here is one indication of how big the chasm currently is – a new drawdown could be dire for stocks (as equity risk – VIX – catches up to credit risk)…

… but could also be just the catalyst that will wake the Fed from its current hawkish stupor, forcing the central bank to finally prop up US markets as it has traditionally done over the past decade.

END

II) USA DATA

PPI is the forerunner of future inflation gains. Today’s ready  showed that the PPI remains unexpectedly near record highs

(zerohedge)

US Producer Price Inflation Unexpectedly Remains Near Record Highs In Jan

TUESDAY, FEB 15, 2022 – 08:39 AM

January saw US producer prices rise 1.0% MoM (twice the expected 0.5% jump) and is the 21st straight month of MoM rises. This sent prices up 9.7% YoY (record highs and well above the expected +9.1% YoY)…

Source: Bloomberg

Goods costs are accelerating faster than Services still with Energy and Food prices the biggest drivers…

Final demand services: Prices for final demand services advanced 0.7 percent in January, the same as in December. Three-fourths of the rise in January can be traced to a 0.9-percent increase in the index for final demand services less trade, transportation, and warehousing. Likewise, margins for final demand trade services moved up 0.6 percent. (Trade indexes measure changes in margins received by wholesalers and retailers.) Prices for final demand transportation and warehousing services were unchanged.

A major factor in the January increase in the index for final demand services was hospital outpatient care prices, which rose 1.6 percent. The indexes for machinery and vehicle wholesaling; apparel, jewelry, footwear, and accessories retailing; traveler accommodation services; portfolio management; and truck transportation of freight also moved higher. Conversely, margins for fuels and lubricants retailing fell 9.7 percent. The indexes for transportation of passengers (partial) and for physician care also decreased.

Final demand goods: Prices for final demand goods advanced 1.3 percent in January after declining 0.1 percent in December. Over 40 percent of the broad-based increase can be traced to a 0.8-percent rise in the index for final demand goods less foods and energy. Prices for final demand energy and for final demand foods also moved higher, 2.5 percent and 1.6 percent, respectively.

Within the final demand goods category in January, the index for motor vehicles and equipment rose 0.7 percent. Prices for diesel fuel, gasoline, beef and veal, dairy products, and jet fuel also increased. In contrast, the index for iron and steel scrap decreased 10.7 percent. Prices for unprocessed finfish and for natural gas also moved lower.

The pipeline for PPI continues to suggest more upside to come as Intermediate demand prices are soaring still…

Source: Bloomberg

And finally that pipeline flows down hill to the consumer as we note that the CPI-PPI – US margin proxy – is negative for the 13th straight month, as for now, input costs are not all flowing through to output costs for consumers…

Source: Bloomberg

But it’s only a  matter of time

END

.New York factory activity is barely positive in February

Feb. 15, 2022 at 8:31 a.m. ET

MarketWatch

Optimism wanes as prices hit record highs, Empire State manufacturing survey showsThe numbers: The New York Fed’s Empire State business conditions index inched higher to 3.1 in February, after a surprise negative 0.7 reading in the prior month, the regional Fed bank said Tuesday. Economists had expected a stronger rebound to a reading of 10, according to a survey by The Wall Street Journal.Any reading above zero indicates improving conditions.Key details: Optimism waned among manufacturers in New York in February as the prices-received index hit a record high.The index for future business conditions, a measure of optimism, dropped 7 points to 28.2, its lowest level since the early stages of the pandemic.The prices received index rose a steep 17 points to a record high of 54.1 in February, signaling ongoing substantial increases in both input prices and selling prices.The new-orders index recovered into positive territory, rising 6.4 points to 1.4 in February, and the shipments index rose 1.9 points to 2.9.Unfilled orders rose 2.3 points to 14.4 in February while delivery times were unchanged at 21.6.In one bright spot, the index of the number of employees rose 7 points to 23.1 in February.Big picture: The decline in optimism will be troubling for economists. The index’s surprise plunge by 32.6 points in January has been blamed on the omicron variant but now perhaps more persistent negative forces are at work.The Empire State manufacturing index is seen as a good early read on the health of the manufacturing sector. In January, the national ISM factory index fell for the third straight month to a 14-month low reading of 57.6, still well above the 50 reading that marks expansion from contraction. New York factory activity is barely positive in February.

IIb) USA COVID/VACCINE MANDATE STORIES

Total insanity!

(Van Brugen/EpochTimes)

New York City Fires Nearly 1,500 Workers For Refusing COVID-19 Vaccine: Mayor

TUESDAY, FEB 15, 2022 – 03:40 PM

Authored by Isabel van Brugen via The Epoch Times,

New York Mayor Eric Adams announced on Monday that 1,430 public-sector workers in the city were fired for failing to meet a Feb. 11 deadline to get vaccinated against COVID-19.

As many as 4,000 city workers were given notice in January to be fully vaccinated as a condition of employment. Three-quarters of those workers had already been on leave without pay for months, having missed an earlier deadline for getting vaccinated in order to stay on the job.

In a statement on Monday, the mayor suggested that the workers chose to leave their jobs by refusing to get vaccinated.

“Our goal was always to vaccinate, not terminate,” Adams said.

“And city workers stepped up and met the goal placed before them.”

The 1,430 workers who were fired over their vaccination status make up less than 1 percent of the 370,000-person city workforce.

“City workers served on the front lines during the pandemic, and by getting vaccinated, they are, once again, showing how they are willing to do the right thing to protect themselves and all New Yorkers,” Adams added.

Some 64 percent of the fired workers were Department of Education employees. The city said 101 workers were fired from the New York City Housing Authority, 75 from the Department of Correction, 40 from the Department of Sanitation, and 36 from the New York Police Department.

The U.S. Supreme Court on Friday dismissed an appeal from a group of Department of Education employees.

New York City has imposed some of the most sweeping vaccine mandates in the country, requiring almost all city workers to be vaccinated and requiring private employers to ensure their workers get vaccinated as well. Customers of restaurants, gyms, and entertainment venues also have to show proof of vaccine to enter.

The United Federation of Teachers had struck a deal with the city to allow its members to choose to stay on unpaid leave until September 5. But about 700 members opted not to extend their leave or provide proof of vaccine. The union contended that the workers deserved due process that involved a hearing before being fired.

Adams said in his statement on Monday that out of all the new city employees who received notices two weeks ago, only two who worked last week are no longer employed by the city.

“I’m grateful to all the city workers who continue to serve New Yorkers and ‘Get Stuff Done’ for the greatest city in the world,” he added.

The Epoch Times has contacted the mayor’s office and the United Federation of Teachers for comment.

end

iii) USA inflation commentaries//LOG JAMS//

iii) USA economic stories

.

iv)swamp stories

Outraged LA Parents React To Garcetti, Others Maskless At Super Bowl Game

TUESDAY, FEB 15, 2022 – 11:25 AM

Authored by Micaela Ricaforte via The Epoch Times,

Los Angeles parents are calling on county officials to end the mask mandate for students after Mayor Eric Garcetti and other celebrities were pictured maskless at the Super Bowl LVI on Feb. 13 at SoFi Stadium in Inglewood, California.

Mayor of Los Angeles Eric Garcetti speaks in Los Angeles, Calif., on Sept. 29, 2021. (John Fredricks/The Epoch Times)

Bipartisan parent group Outraged LA Parents said it was “deeply disappointing, but not at all surprising” to see Garcetti and other public figures unmasked at the Super Bowl despite the county’s mask mandate for outdoor mega-events.

“Our public leaders have time and again failed to lead by example,” the group told The Epoch Times in a statement. “Not just by flouting the very rules they set, but by continuing to impose harmful rules on our least vulnerable population (children) so that they can continue to do whatever they want.”

LA County’s Public Health Department Director Dr. Barbara Ferrer also attended the Super Bowl and remained masked, saying in a video that she was glad people were “trying to protect themselves.”

“It’s wonderful to be with people again, to celebrate,” Ferrer said.

“This is an amazing achievement for the Rams, and for LA County, so I’m glad we’re open, I’m glad people are trying to be sensible and protect themselves.”

Outraged LA Parents said if Ferrer was concerned about COVID-19 spread outdoors, she would have skipped the Super Bowl.

“Instead she sat there adjusting her mask repeatedly, surrounded by maskless fans, and did absolutely nothing about it,” the group said.

“And the next day, parents across Los Angeles sent their children back to school fully masked, subject to discipline for violation, and again exacerbating learning loss, mental anguish, anxiety, and loneliness.”

The statewide indoor mask mandate is set to expire on Feb. 15, and California’s Health and Human Services Secretary Dr. Mark Ghaly said on Feb. 14 that the state’s mask mandate for students may be lifted pending a Feb. 28 reassessment of COVID-19 case rates.

Ghaly noted, however, that individual counties or school districts could still require masks in schools after the state lifts its mandate.

In LA County, Ferrer said last week that she would continue the county’s indoor mask mandate, which also covers schoolchildren, for “at least a few weeks” after the state’s mandate ends, depending on the county’s own case rates.

Ferrer’s announcement received criticism from parents, who cited research studies reporting that children have the lowest rates of COVID-19 transmission.

“It would be one thing if the rules they impose on our children were backed by science, but they aren’t,” Outraged LA Parents said.

“Study after study from across the nation, and even the world, show that masking school children has no material effect on the spread of [COVID-19].”

This comes just two weeks after Garcetti and other state officials—including Gov. Gavin Newsom and San Francisco Mayor London Breed—received criticism for posing maskless during a Jan. 30 playoffs game at the same stadium.

“I wore my mask the entire game. When people ask for a photograph, I hold my breath and I put it here [in hand] and people can see that,” Garcetti told reporters on Feb. 2.

“There’s zero percent chance of infection from that.”

“I’ll take personal responsibility, and if it makes you and everybody else happy—or even the photographs with people where I’m literally holding my breath for two seconds—I won’t even do that,” Garcetti said.

A host of other celebrities at the Super Bowl were also photographed without masks, including musicians Jay-Z, Drake, Justin Bieber, Ye (formerly known as Kanye West), National Basketball Association player LeBron James, and former television host Ellen DeGeneres.

A spokesperson for Mayor Eric Garcetti, the LA County Department of Public Health, and SoFi Stadium, didn’t respond to requests for comment by press time.

end

Forbes Contributor Fired Over Investigative Stories On Fauci

TUESDAY, FEB 15, 2022 – 02:00 PM

Adam Andrzejewski, founder of OpenTheBooks.com and a frequent guest contributor to Zero Hedge (who most certainly does not get his talking points from the KGB), and who was also – until very recently – a contributor to Forbes, told Tucker Carlson on Monday that he was terminated from the magazine over his coverage of NIAID Director Dr. Anthony Fauci.

Andrzejewski, who recently made headlines with his investigative reporting that Fauci was the highest paid employee in the entire US Federal government, described how he was targeted for being critical of Dr. Anthony Fauci and exposing his yearly earnings.

“The National Institutes of Health’s six top executives wrote an e-mail to myself and Randall Lane, the top content officer at Forbes. It was couched as a corrections e-mail, but there were no substantial corrections and they quibbled about small things in my column. But that was the excuse Forbes used to cancel it,” Andrzejewski said.

He explained that within 24 hours of the email, he received a call that told him he was barred from publishing any additional material regarding Fauci.

Andrzejewski originally filed a Freedom of Information Act (FOIA) request on Jan. 28, 2021 regarding Fauci’s annual pay. After receiving only redacted documents, his group OpenTheBooks.com filed suit on Oct. 25. This led to the National Institute of Health agreeing to release its extensive documents but only incrementally over the next 14 months due to backed-up requests.

OpenTheBooks.com also originally reported in Jan. 2021 that Fauci’s salary had been listed at $417,608, the highest salary listed for any government figure including President Biden. In addition, Fauci has a retirement package that is expected to take in approximately $350,000 per year.

Andrzejewski also explained that his investigative work showed that Fauci’s wife, Christine Grady, had a similarly high salary.

“If you take their salaries, tack on the taxpayer-paid cost of federal benefits at 30%, the two Faucis, their household income, paid for by taxpayers every year is $900,000,” Andrzejewski said.

Commenting on this sad development, Andrzejewski wrote that “Dr. Anthony Fauci controls the organs of state authority. If you are an independent voice, you are in jeopardy. Unfortunately, we are now an example. Forbes was a key platform for nearly eight years. I published 206 oversight pieces and a quarter million words of investigation on the platform. It’s too bad that Forbes folded under pressure from Fauci’s federal bureau.”

We can commiserate: after all it was right around the time that Anthony Fauci received an email on February 2, 2020 noting a zerohedge article speculating about the man-made origins of covid…

… that twitter suspended us for six months, before admitting eventually it had made an error.

end

Times are changing: 2/3 of Democrats want Hillary spying and the fake Russian charges investigated

(Watson/SummitNews)

Two-Thirds Of Democrats Want Hillary Spying, Fake Russia Charges Investigated; New Poll Finds

TUESDAY, FEB 15, 2022 – 12:31 PM

Authored by Steve Watson via Summit News,

A poll has revealed that a stunning 66 percent of DEMOCRATS want to see a new investigation into Hillary Clinton’s role in spying on the Trump 2016 campaign, and the baseless charges of Russian collusion that followed his victory in the election.

The issue has come back into the spotlight following revelations of the Durham probe into the FBI’s investigation, which found that Clinton operatives paid a tech company to “infiltrate” servers at Trump Towers and the White House, not only to spy on the Trump team and dig up dirt, but also allegedly with the intention to manufacture a “narrative” of Russian collusion.

The poll, conducted by TechnoMetrica Institute of Policy and Politics reveals that almost three quarters of those polled who were following the story want prosecutors to investigate Hillary and members of her campaign team.

Those figures include two thirds of Democrats who were polled, twenty percent more than supported the move back in October. A total of 91 percent of Republicans want further investigation, with 65 percent of independents demanding a fresh probe.

The poll was even conducted before the very latest expositions, and so the figures are likely now even more damning for Clinton.

The same poll also found that 68 percent of respondents want to see more scrutiny of the Bidens’ business activities, including Hunter Biden’s involvement with his father’s administration.

A total of 71 percent of BOTH Democrats and Republicans said that they believe Biden family business should be kept separate from Biden administration activity.

When asked repeatedly about the unfolding scandal with Clinton, Biden’s deputy press secretary Karine Jean-Pierre refused to answer, stating “That’s something I can’t speak to from this podium so I refer you to the Department of Justice.”

Fox News host Jesse Watters presented a powerful report on the scandal Monday:

Watters further declared Monday that the failed presidential candidate “should be banished from polite society,” if the allegations are true.

“I’m not comparing her to O.J., because, you know, we have no proof that he ever murdered anybody, but I would like to see Hillary treated the way O.J. is. He’s not really welcome places, he’s kind of a pariah,” Watters stated.

The host added “Right now she is a certified political criminal. Her husband has been #metooed and has been fingered to be on Epstein’s island and you know the Foundation, that’s just like a washed up money laundering operation.”

“She paid people to hack into Trump’s computers and frame him for being a Russian traitor!” Watters asserted, adding “That would be like paying someone to break into Trump Tower at 2:00 in the morning, plant a bunch of guns and drugs and Russian documents and then call the FBI and say hey guys, I got a tip, why don’t you go raid the tower. That’s the same thing,”

He continued “And we now know too that this was happening as far back as 2014. The CIA knew Crooked was trying to frame him, they briefed Obama that Hillary was going to frame him. They briefed the FBI that this was a frame job so Mueller was just a clean-up operation to tee up the impeachment – and it failed.”

END

Former Director Of National Intel. Drops A BOMB: ‘Biden AND Obama KNEW About Clinton’s Plot To Hack Trump Servers’ And There’s ‘Enough Evidence’ For Criminal Indictments – enVolve

Inbox

Robert Hryniak2:40 PM (8 minutes ago)
to

A developing story is seems and long overdue

KING REPORT/SWAMP STORIES

The King Report February 15, 2022 Issue 6699Independent View of the News
 The US 2-year note hit 2% on Monday; the 30-year hit 2.89%.
 
Central Bank Should Weigh Asset Sales to Curb Inflation, Says Fed Official
Kansas City Federal Reserve President Esther George says removing stimulus should be systematic
https://www.wsj.com/articles/central-bank-should-weigh-asset-sales-to-curb-inflation-says-fed-official-11644834601?mod=e2twcb
 
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hike
“I do think we need to front-load more of our planned removal of accommodation than we would have previously… Our credibility is on the line here and we do have to react to data.”…
https://www.cnbc.com/2022/02/14/bullard-say-the-fed-needs-to-front-load-tightening-because-inflation-is-possibly-accelerating.html
 
@JeffCoxCNBCcom: with inflation running at its hottest pace since the early 1980s, the Fed is going to be doing nearly $50B in QE in the coming weeks…on the NY Fed site – $20B in Treasurys btw now and 3/11, $27.8B in MBS
 
It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.” — Thomas Sowell
 
Perhaps Fed officials, their staff, and their families have not yet sufficiently liquidated their stocks!
 
ESHs peaked (4428) five minutes before the 3 ET European opening.  They plunged to 4354 at 5 ET. Someone then saved ESHs, pushing them to 4384.25 at 5:47 ET.  ESHs and European stocks then traded sideways until 7:35 ET.  ESHs soared to 4420.25 at 7:46 ET, a 45-handle rally in only 11 minutes on a report that Russian foreign minister Sergey Lavrov asserted that there is still a chance that diplomacy could solve the key issues of the Ukraine crisis. 
 
The key issue is Ukraine joining NATO.  Several ex-US diplomats have averred that if Ukraine would announce that is would not join NATO, the crisis would end.
 
What Putin really wants
Western leaders exaggerate his power and misread his motives.
The more Putin sees Russia’s security being challenged – as he sees it, in this case, by NATO’s growing role in Ukraine – the more he resists. Russia’s current fear is that Ukraine could be fast-tracked into full membership of NATO, which Putin has set as a Russian ‘red line’
https://www.spiked-online.com/2022/01/31/what-putin-really-wants/#.YgqDlovJ94s.twitter
The Schiff hit the fan on this: CBS News: CBS News has learned that some Russian units have left their assembly areas and begun to move into attack positions, according to a U.S. official. Some long-range artillery and rocket launchers have also been moved into firing positionshttps://cbsn.ws/34z2MI4
 
U.S. official says satellite images show Russia troops leaving assembly points and moving to attack positions – @CBSDavidMartin
 
CNN’s @vplus: The President of Ukraine Volodymyr Zelensky said Ukraine “has been informed” that Wednesday, February 16 “will be the day of the attack”, according to comments attributed to Zelensky accompanying a Facebook update to the nation.
 
ESHs and US stocks plunged; WTI oil jumped to $95.82; gold and bonds rallied on the above reports.
 
But who cares about Fed rate hikes and a Russian invasion of Ukraine when it’s expiration week and there are gazillions of dollars in expiry February calls to squeeze?  So, someone forced ESHs 31 handles higher from 14:27 ET to 14:39 ET!  Plus, bulls were desperate to close the S&P 500 Index above 4400.
 
ESHs and stocks then vacillated frenetically until a spike higher appeared at 15:25 ET on this:
 
ABC’s @Reevellp: Ukraine’s president Zelenskyy didn’t say Ukraine has been told Russia is going to attack on Feb 16. He was referring to reports from the US it will happen Feb 16 and said instead Ukraine will hold a holiday. He was actually suggesting Ukraine doesn’t believe it will happen.
Biden Declares “Personal Freedom” Comes Second to COVID Mandates “Think of the children.”
https://summit.news/2022/02/14/video-biden-declares-personal-freedom-comes-second-to-covid-mandates/
 
David Axelrod Warns Biden: You Can’t ‘Jawbone Americans’ into Believing Things Are Better
https://www.dailywire.com/news/david-axelrod-warns-biden-you-cant-jawbone-americans-into-believing-things-are-better
 
 
Regulators Probe Block Trading at Morgan Stanley, Goldman, Other Wall Street Firms
SEC, Justice Department investigate large share sales, communications between banks, hedge funds
(Wall Street firms have been tipping block traders to other clients for decades!)
https://www.wsj.com/articles/regulators-probe-block-trading-at-morgan-stanley-goldman-other-wall-street-firms-11644875448
 
The Fed follows the 2-year note.  Only under Volcker (1980) did the Fed tighten ahead of the 2-year.  Paul had to aggressively get ahead of inflation after numerous Fed failures in the preceding 2 years.
 

US 2-year note vs. Fed Funds Target Rate
 
@lisaabramowicz1: The gap between 2-year and 10-year Treasury yields is the narrowest since April 2020. (Chart at link)  https://twitter.com/lisaabramowicz1/status/1493182286338134021
 
Trump State Department official calls Ukraine “false crisis”, designed to give Putin concession
https://justthenews.com/podcasts/john-solomon-reports/trump-state-department-official-calls-ukraine-false-crisis-designed
 
Today – After the market adjusts to the PPI report, astute traders and investors are likely to avoid the market given the reports that Russia could invade Ukraine tomorrow.  The usual suspects will play the usual trading games and the manipulation for expiration, which includes trying to foment a Turnaround Tuesday to the upside.  Do not get caught up in trading machinations!  There is too much danger.
 
The S&P 500 Index low for Monday is 4364.84; a breach of this level would be very bad for stocks.  4400 is still important support.  Traders bought far more SPY February puts than calls.
 

 
ESHs are +4.50; USHs (bonds) are +11/32; gold is +3.40; and WTI oil is -.53 at 20:15 ET. 
 
Expected Economic Data: Jan PPI 0.5% m/m, 9.0% y/y; Core 0.4% m/m, 7.8% y/y; Feb Empire Mfg 11
 
S&P 500 Index 50-day MA: 4605; 100-day MA: 4574; 150-day MA: 4528; 200-day MA: 4453
DJIA 50-day MA: 35,533; 100-day MA: 35,413; 150-day MA: 35,274; 200-day MA 35,044
 
S&P 500 Index – Trender trading model and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 4153.02 triggers a sell signal
Hourly: Trender and MACD are negative – a close above 4769.17 triggers a buy signal
Daily: Trender is negative; MACD is positive – a close above 4592.15 triggers a buy signal
Hourly: Trender and MACD are negative – a close above 4442.74 triggers a buy signal
 
Biden ATF suggests Americans report current, former partners’ ‘illegal gun activity’ for Valentine’s Day – ATF tells Americans: ‘Valentine’s Day can still be fun even if you broke up’
https://www.foxnews.com/politics/biden-atf-suggests-americans-report-partners-illegal-gun-activity-valentines-day
 
Trudeau Declares National Emergency, Expanding Measures to End Protests
The move is the first time the government has taken such action in half a century, and is Prime Minister Justin Trudeau’s most aggressive response since the protests roiling the country began…
    The political optics of invoking the act are fraught for Mr. Trudeau, given that the measure allows the government to breach constitutional rights in the name of restoring public order. Mr. Trudeau, a Liberal, has long fashioned himself as a champion of human rights…
    Justin Trudeau’s father — quashed a wave of terrorism by a violent Quebec separatist group by invoking the War Measures Act (October 1970), and then sending in troops to Montreal. It was the only time in Canadian history that the war act was applied in peacetime…
https://www.nytimes.com/live/2022/02/14/world/canada-protests-news?smtyp=cur&smid=tw-nytimes
 
Canada’s Deputy Prime Minister: “If your truck is being used in these illegal blockades, your corporate accounts will be frozen, the insurance on your vehicle will be suspended.”
https://twitter.com/greg_price11/status/1493344479851552769
 
@TrueNorthCentre: Canada is now regulating crowdfunding platforms and crypto currency under the Terrorist Financing Act (This is fascism, weaponizing banks & private industry for political purposes.)
 
Canadian @ezralevant: Trudeau knows there is no violence amongst the truckers. The Ambassador Bridge was cleared easily and peacefully. It’s really just peaceful protests now. The real move today is not policing. It’s being able to seize opposition/conservative bank accounts — without a court order.
 
Two-thirds of Canadians ready to drop COVID-19 restrictions
https://nationalpost.com/news/two-thirds-of-canadians-ready-to-drop-covid-19-restrictions
 
Jason Whitlock: What’s going on in Canada is scary. But should we be surprised? And are things really any better here? We shot Ashli Babbitt in cold blood and tossed people in dungeons for trespassing
 
@ClayTravis: Here’s the video of every celebrity without a mask during the Super Bowl. But every kid in California will have to be wearing them tomorrow in school. They must all be holding their breaths the entire game.  https://twitter.com/ClayTravis/status/1493028002007035916
 
@DanODonnellShow: Los Angeles has an indoor mask mandate. This is the Mayor of Los Angeles, Eric Garcetti, at the Super Bowl. He is indoors. He is also maskless. Do not ever take these people seriously.
https://twitter.com/DanODonnellShow/status/1493024680604749828
 
Celebrities Assure Nation They Were Wearing Hi-Tech Invisible Masks Only Rich People Know About   https://babylonbee.com/news/celebrities-assure-nation-they-were-wearing-hi-tech-invisible-masks-only-rich-people-know-about
 
L.A. Schoolchildren Dress Up as Super Bowl Celebs So They Won’t Have to Wear Masks
https://babylonbee.com/news/brilliant-la-schoolchildren-dress-up-as-super-bowl-celebs-so-they-wont-have-to-wear-masks
 
It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.” — Thomas Sowell
 
Maria Bartiromo Asked Valerie Jarrett if Obama Led the Spying on Trump, She Refused to Answer  https://djhjmedia.com/steven/maria-bartiromo-asked-valerie-jarrett-if-obama-led-the-spying-on-trump-she-refused-to-answer/
 
@charliekirk11: Hillary spying on a sitting president and launching an espionage campaign to undermine the Executive Branch of the federal government is the closest thing we’ve seen to an Insurrection in the last 50 years.
 
Trump blasts ‘LameStream’ media for ignoring Clinton spying claims https://trib.al/gkebLFK
 
Ex-DJT operative @TayFromCA: The Media won’t cover this because they served, at best, as unwitting propagandist pawns—or, at worst, complicit in amplifying domestic espionage against the sitting POTUS by an opposition party who wouldn’t accept the 2016 Election Results.
 
GOP Rep @Jim_Jordan: A tech company hacked the White House and spied on a sitting President.  This
should concern everyone.  But the mainstream media refuses to cover it.
 
GOP @RepJimBanks: What crime are you guilty of if you lose a presidential race and respond by illegally spying on the White House to undermine the duly elected president?
 
Former DNI Ratcliffe told Durham intelligence supports ‘multiple’ indictments in probe: sources
Intelligence community officials within the CIA forwarded an investigative referral on Hillary Clinton purportedly approving “a plan concerning U.S. presidential candidate Donald Trump and Russian hackers hampering U.S. elections as a means of distracting the public from her use of a private email server.”  Sources told Fox News that the CIA memo, also known as a Counterintelligence Operational Lead (CIOL), was properly forwarded to the FBI, and to the attention of then-FBI Director James Comey and then-Deputy Assistant Director of Counterintelligence Peter Strzok…
https://www.foxnews.com/politics/dni-ratcliffe-durham-intelligence-indictments-fbi-trump-russia-probe
 
What are the odds of a pre-dawn raid by an FBI Swat Team on Hillary et al like they did for DJT guys?
GOP Sen. @MarshaBlackburn: National Security Advisor Jake Sullivan must immediately resign or be fired for his role in the Russia hoax.
 
NY Post Editorial Board: Eyes turn to Hillary Clinton, not Trump in the Russiagate scandal
Russiagate, the collective delusion that Donald Trump was secretly a Russian agent aided and abetted by the Kremlin, the topic of uncountable inches of Washington Post and New York Times copy and the entire primetime lineup of MSNBC, was a dirty trick by the Hillary Clinton campaign. Not just part of it. All of it. One of the most diabolical, successful misinformation campaigns ever concocted…

     If this had happened to a Democrat, the press would be losing its mind. A candidate for president weaponized the nation’s Justice Department to pursue an investigation into their political opponent based on what they knew were lies. Americans were wiretapped! Some were entrapped for flimsy claims of perjury. The director of the FBI went into the Oval Office to tell the president that there was a sexual rumor floating around, so that it could be promptly leaked to the media. “Outrageous” doesn’t cover it. And still no shame from Hillary Clinton and her supporters because it’s Donald Trump — anything is fair game to take him down…. https://nypost.com/2022/02/13/eyes-turn-to-hillary-clinton-not-trump-in-the-russiagate-scandal/
 
Trump on Monday: “I was proven right about the spying, and I will be proven right about 2020.”
 
University of Chicago students demand school give $1 billion in reparations to South Side
“We at UChicago Against Displacement (UCAD), too, believe that the South Side is owed reparations. The University exists as a legacy of chattel slavery. Moreover, it has been an active participant in segregation, redlining, and supporting developments that work to isolate the University from its neighbors and put Southsiders at risk of displacement from their homes,” the group states…
https://www.foxnews.com/us/university-of-chicago-students-demand-school-give-1-billion-in-reparations-to-south-side.amp
 
Women have always been the primary victims of war. Women lose their husbands, their fathers, their sons in combat.” — Hillary Rodham Clinton (You cannot make this up!  You need an Ivy League degree to craft this level of sophistry and victimization!)
 
@NBCSportsPR: Viewership data for Super Bowl and Olympics is still being processed and finalized.
We will release final metrics tomorrow (Tuesday) morning.  (Olympic ratings have been down 43% to 50%.  Pundits believe that ratings delay for the Super Bowl means some crafting is being done.)
 
Snoop Dogg smokes weed right before star-studded Super Bowl 2022 halftime show https://trib.al/6gvEmzx
 
Instagram scrubs New York police union post calling for Snoop Dog boycott
Snoop Dogg’s latest track encourages the killing of police officers
A New York police union asked the public to boycott Snoop Dogg’s Super Bowl halftime performance after the rapper released a track that encouraged killing cops… He added that NFL Commissioner Roger Goodell exercised “incredibly poor judgement’ in choosing Snoop Dogg to headline the halftime show.. (Who will ask Goodell about this!  It’s time for a black NFL Commissioner.  Ozzie Newsome would be fantastic in that roll!)
https://www.foxnews.com/us/instagram-scrubs-new-york-police-union-post-calling-snoop-dog-boycott
 
Whitlock: The NFL’s diversity, inclusion, and equity Super Bowl will be remembered as the ‘Roger Goodell Bridge’ to chaos and racial division (NFL owners need Newsome or someone like him now!)
Yesterday’s Super Bowl LVI was Goodell’s Antietam. Rebel forces bullied Goodell into turning television’s largest platform and sports’ greatest meritocracy into a showcase for the Left’s tokenism and quota system that is cleverly branded as diversity, inclusion, and equity.
    Football fans are growing more and more concerned with the suspect officiating that made it all happen. “Rigged” is the adjective of choice over “super.”… The refs bailed out the Rams by ignoring a false start penalty on three L.A. linemen and calling Cincy linebacker Logan Wilson for defensive holding.  The non-call and call changed the ending of the game… https://www.theblaze.com/op-ed/whitlock-the-nfls-diversity-inclusion-and-equity-super-bowl-will-be-remembered-as-the-roger-goodell-bridge-to-chaos-and-racial-division 

end

Well that is all for today. I will see you WEDNESDAY night

Advertisement

2 comments

  1. […] by Harvey Organ, Harvey Organ Blog: […]

    Like

  2. […] por Harvey Organ, Blog de órganos de Harvey: […]

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: