DEC 5/Gold price fell by a strong $30.20 to $1767.50//Silver fell by 89 cents to $22.21 in an obvious raid trying to quell gold/silver’s rise!! We experienced another 750 contract Exchange for Risk transfer of silver contracts in an obvious fraud//COVID updates//COVID updates on China//Apple//Dr Paul Alexander//vaccine impact//vaccine impact//slay news//updates on Russia’s advance in Ukraine//swamp stories for you tonight..
118 C MACQUARIE FUT 5 132 C SG AMERICAS 1 190 H BMO CAPITAL 2 332 H STANDARD CHARTE 7 435 H SCOTIA CAPITAL 4 624 H BOFA SECURITIES 4 657 C MORGAN STANLEY 43 661 C JP MORGAN 28 700 C UBS 2 800 C MAREX SPEC 10
TOTAL: 53 53
MONTH TO DATE: 11,981DONATE
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GOLD: NUMBER OF NOTICES FILED FOR DEC. CONTRACT: 53 NOTICES FOR 5300 OZ or .1648 TONNES
total notices so far: 11,981 contracts for 1,198,100 oz (37.265 tonnes)
SILVER NOTICES: 91 NOTICE(S) FILED FOR 455,000 OZ/
total number of notices filed so far this month 2776 for 13,880,000 oz
END
GLD
WITH GOLD DOWN xxx
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD//BIG CHANGES IN GOLD INVENTORY AT THE GLD: /////HUGE CHANGES IN GLD INVENTORY: A WITHDRAWAL OF 1.45 TONNES INTO THE GLD//
INVENTORY RESTS AT TONNES
Silver//SLV
WITH NO SILVER AROUND AND SILVER UP $.000
AT THE SLV// :/SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF OF 0.553 MILLION OZ INTO THE SLV
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV
CLOSING INVENTORY: 471.923 MILLION OZ (THIS IS ALSO A CRIME SCENE@!!!!
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED 429 CONTRACTS TO 126,227 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR CONSIDERABLE $0.47 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR SHORTERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.47 AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A HUGE SIZED GAIN IN OUR TWO EXCHANGES OF 1010 CONTRACTS AS WELL AS ANOTHER EXCHANGE FOR RISK TRANSFER OF 750 CONTRACTS. WE HAD A ZERO ATTEMPTED SPEC SHORT COVERINGS OF THEIR SHORTFALL. .WE PROBABLY HAD ZERO SPEC SHORT ADDITIONS AS THE PRICE OF THE METAL WAS ROSE STRONGLY. // OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. BUT THEY ALSO SUPPLIED THE NECESSARY SHORT CONTRACTS>>> HUGE NUMBER OF NEWBIE SPEC LONGS ADDED TO THEIR POSITIONS CAUSING ADDITIONAL MISERY TO OUR SHORTERS.
WE MUST HAVE HAD: A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 23 .24. MILLION OZ FOLLOWED BY TODAY;S QUEUE JUMP of 395,,000 /// / // V) SMALL SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL_545
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC:
TOTAL CONTRACTS for 3 days, total 2760 contracts: OR 13.8 MILLION OZ PER DAY. (920 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 13.80 MILLION OZ
.
LAST 17 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: 72.39 MILLION OZ//
MARCH: 207.430 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE
APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE
MAY: 105.635 MILLION OZ//
JUNE: 94.470 MILLION OZ
JULY : 87.110 MILLION OZ
AUGUST: 65.025 MILLION OZ
SEPT. 74.025 MILLION OZ///FINAL
OCT. 29.017 MILLION OZ FINAL
NOV: 134.290 MILLION OZ//FINAL
DEC, 13.80 MILLION OZ INITIAL
RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 429 DESPITE OUR STRONG $0.47 GAIN IN SILVER PRICING AT THE COMEX// FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A GIGANTIC SIZED EFP ISSUANCE CONTRACTS: 1010 CONTRACTS ISSUED FOR MAR AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS./ WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF 23.24 MILLION OZ FOLLOWED BY TODAY:S 395,000 QUEUE JUMP / .. WE HAVE A HUGE SIZED GAIN OF 1439 OI CONTRACTS ON THE TWO EXCHANGES FOR 7.19 MILLION OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS.
WE HAD 91 NOTICE(S) FILED TODAY FOR 455,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 5462 CONTRACTS TO 436,240 AND FURTHER FROM THE 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: ADDED 545 CONTRACTS.
.
THE STRONG SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS IN PRICE. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR DEC. AT 58.86 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY:S QUEUE JUMP of 205 contracts or 20,500 oz//(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END) (EFP is the transfer of contracts immediately to London for potential gold deliveries originating from London)
YET ALL OF..THIS HAPPENED WITH OUR LOSS PRICE OF $1.80 WITH RESPECT TO FRIDAY’S TRADING
WE HAD A FAIR SIZED GAIN OF 2173 OI CONTRACTS (6.79 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3279 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 436,240.
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2183 CONTRACTS WITH 5462 CONTRACTS DECREASED AT THE COMEX (SHORT SPECULATORS FAILING TO GET OUT OF THEIR MESS) AND 3279EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 2183 CONTRACTS OR 6.78 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3723 CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI (5462) TOTAL LOSS IN THE TWO EXCHANGES 2183 CONTRACTS. WE NO DOUBT HAD 1) ATTEMPTED BUT FAILED SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS BUT THEY ALSO SUPPLIED THE NECESSARY PAPER SHORT. WE HAD LIMITED SHORT SPEC ADDITIONS/// // MINOR NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 58.86 TONNES FOLLOWED BY TODAY’S QUEUE JUMP of 20,500 oz// //NEW STANDING 54.57 TONNES///3) ZERO LONG LIQUIDATION //// //.,4) STRONG SIZED COMEX OPEN INTEREST LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
DEC
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC :
12,138 CONTRACTS OR 1,213,800 OZ OR 37.754 TONNES 3 TRADING DAY(S) AND THUS AVERAGING: 4046 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY(S) IN TONNES:37.754 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 37,54/3550 x 100% TONNES 1.05% OF GLOBAL ANNUAL PRODUCTION
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. 175.62 TONNES//FINAL ISSUANCE//
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247,44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 37.54 tonnes Initial
SPREADING OPERATIONS
(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS
SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW NON ACTIVE FRONT MONTH OF NOV. WE ARE NOW INTO THE SPREADING OPERATION OF BOTH SILVER AND GOLD (WILL BE SMALL AS SPREADERS DO NOT PAY ATTENTION TO NOVEMBER)
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 OCT HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV., FOR BOTH GOLD AND SILVER:
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 (NOV), 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.”
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 GOOD SIZED 429 CONTRACTS OI TO 126,227 AND FURTHER FROM OUR COMEX HIGH 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 5 YEARS AGO.
EFP ISSUANCE 1010 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1010 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1010 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 116 CONTRACTS AND ADD TO THE 1010 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A HUGE SIZED GAIN OF 1434 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 7.19MILLION OZ//
OCCURRED WITH OUR GAIN IN PRICE OF $0.47….. OUR SPEC SHORTS HAVE NOWHERE TO HIDE!
4. Chris Powell of GATA provides to us very important physical commentaries
end
5. Other gold/silver commentaries
6. Commodity commentaries//
7/CRYPTOCURRENCIES/BITCOIN ETC
3. ASIAN AFFAIRS
i)MONDAY MORNING//SUNDAY NIGHT
SHANGHAI CLOSED DOWN 18,19 PTS OR 0.58% //Hang Sang CLOSED DOWN 53,12 OR 0.29% /The Nikkei closed DOWN 30.80 OR 0.11% //Australia’s all ordinaries CLOSED UP 0.21% /Chinese yuan (ONSHORE) closed DOWN TO 7.1151//OFFSHORE CHINESE YUAN DOWN 7.1257// /Oil DOWN TO 82.31 dollars per barrel for WTI and BRENT AT 95.14 / Stocks in Europe OPENED ALL GREEN. ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER
a)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 C CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A GOOD SIZED 5462 CONTRACTS UP TO 436,240 DESPITE THE TINY FALL IN PRICE..$1.80
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE -ACTIVE DELIVERY MONTH OF DEC… 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 3279 EFP CONTRACTS WERE ISSUED: ;: , . 0 FEB: 3279 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: CONTRACTS
WHEN WE HAVE BACKWARDATION, EFP ISSUANCE IS VERY COSTLY BUT THE REAL PROBLEM IS THE SCARCITY OF METAL AND IT IS FAR BETTER FOR OUR BANKERS TO PAY OFF INDIVIDUALS THAN RISK INVESTORS ESPECIALLY FROM LONDON STANDING FOR DELIVERY. THE LOWER PRICES IN THE FUTURES MARKET IS A MAGNET FOR OUR LONDONERS SEEKING PHYSICAL METAL. BACKWARDATION ALWAYS EQUAL SCARCITY OF METAL!
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 2183 CONTRACTS IN THAT 3279 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED COMEX OI LOSS OF 5462 CONTRACTS..AND THIS FAIR SIZED LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR SMALL LOSS IN PRICE OF GOLD $1.80. WE ARE WITNESSING MINOR SPEC SHORTS COVERINGS OF THEIR SHORTFALL. BANKERS CONTINUE AS NET BUYERS OF COMEX GOLD CONTRACTS AS THEY HAVE BEEN NET LONG FOR THE PAST FEW MONTHS. WE ALSO HAD HUGE ADDITIONAL NEWBIE SPECS GOING LONG. IT LOOKS LIKE OUR SPEC SHORTS ARE IN DEEP TROUBLE AS THEY CANNOT GET OUT OF THEIR MASSIVE SHORTFALL.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING DEC (54.57)
TONNES),
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021-2022:
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 YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022:
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL (TOTAL SO FAR THIS YEAR 591.535 TONNES)
Dec. 54.57tonnes
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $1.80 AND WERE UNSUCCESSFUL IN KNOCKING OFF SOME SPECULATOR LONGS AS WE HAD A FAIR LOSS OF 2183 CONTRACTS ON OUR TWO EXCHANGES >. WE HAD NEGLIGIBLE SPEC SHORT ADDITIONS AND CONSIDERABLE SPEC SHORT COVERINGS.. WE HAD A FAIR SIZED LOSS ON OUR TWO EXCHANGES OF 2,183 CONTRACTS.// WE HAVE LOST A TOTAL OI OF 6.79 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR GOLD TONNAGE STANDING FOR DEC. (54.57TONNES)…THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE OF $1.80
WE HAD +1540 CONTRACTS COMEX TRADES ADDED TO. THESE WERE ADDED AFTER TRADING ENDED LAST NIGHT
NET LOSS ON THE TWO EXCHANGES 3723 CONTRACTS OR 372,300 OZ OR 16.580 TONNES
Estimated gold volume 178,646// poor//
final gold volumes/yesterday 192,595/ poor
INITIAL STANDINGS FOR DECEMBER 2022 COMEX GOLD //DEC 5
Total monthly oz gold served (contracts) so far this month
11,981 notices 1,1981,00 37.265 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
xxx oz
total dealer deposit 0
total dealer deposit: nil oz
No dealer withdrawals
Customer deposits: 0
total deposits nil oz
customer withdrawals:1
i) Out of Brinks: 8198.500 oz
Total withdrawals: 8198.500 oz
total in tonnes: 0.05 tonnes
Adjustments: 0/
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DECEMBER.
For the front month of DECEMBER we have an oi of 5629 contracts having LOST 220 contracts
We had 425 contracts served on Friday, so we gained 205 contracts or an additional 20,500 oz will stand for gold at the COMEX. We will gain in gold tonnage from this day forth.
The comex is running out of physical gold to serve our good friends over in London
JANUARY GAINED 40 contracts to stand at 1522
February LOST 5574 contacts down to 371,791
We had 425 notice(s) filed today for 42,500 oz
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 equate to 53 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 28 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 DEC. /2022. contract month,
we take the total number of notices filed so far for the month (11,981x 100 oz , to which we add the difference between the open interest for the front month of (DEC. 5629 CONTRACTS) minus the number of notices served upon today 53 x 100 oz per contract equals 1,754,500OZ OR 54.57TONNES the number of TONNES standing in this active month of DEC.
thus the INITIAL standings for gold for the DEC contract month:
No of notices filed so far (11,981 x 100 oz+ (5629 OI for the front month minus the number of notices served upon today (53} x 100 oz} which equals 1,754,500oz standing OR 54.57 TONNES in this active delivery month of DEC..
TOTAL COMEX GOLD STANDING: 54.56 TONNES (A POOR STANDING//COMEX RUNNING OUT OF PHYSICAL TO SERVE UPON OUR LONGS.
To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at 2776 x 5,000 oz = 13,880,000 oz
to which we add the difference between the open interest for the front month of DEC( 2184) and the number of notices served upon today 91 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the DEC./2022 contract month: 2776(notices served so far) x 5000 oz + OI for front month of DEC (2184) – number of notices served upon today (91)x 50070 oz of silver standing for the DEC. contract month equates 24.345 million oz. We will gain in silver oz standing from this day forth. Also we had another criminal element to our silver oz standing: an addition of 750 EFR contract transfers which are “Exchange for risk” settlements. I do not want to bore you but needless to say they are not physical transfers so are criminal in nature. There has been 1250 Exchange for Risk contracts settled these past two days for 6.25 million oz. Thus total delivery: 30.595 million oz.
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
NOV 14/WITH GOLD UP $7.30: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD///INVENTORY RESTS AT 910.12 TONNES
NOV 11/WITH GOLD UP $15.25//BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.19 TONNES INTO THE GLD////INVENTORY RESTS AT 911.57 TONNES
NOV 10/WITH GOLD UP $40.75: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.38 TONNES
NOV 9/WITH GOLD DOWN $2.00: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.89 TONNES INTO THE GLD////INVENTORY RESTS AT 908.38 TONNES
NOV 8/WITH GOLD UP $34.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 1.47 TONNES FROM THE GLD//: INVENTORY RESTS AT 905.49 TONNES
NOV 7/WITH GOLD UP $2.95: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.63 TONNES FROM THE GLD//INVENTORY RESTS AT 906.96. TONNES
NOV 4/WITH GOLD UP $44.45 TO $1673.30: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.48 TONNES FROMTHE GLD////INVENTORY RESTS AT 911.59 TONNES.
NOV 3/WITH GOLD DOWN $18.30 TO $1628.85: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.05 TONNES FROM THE GLD////INVENTORY RESTS AT 915.07 TONNES
NOV 2/WITH GOLD UP 55 CENTS TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD///INVENTORY RESTS AT 919.12 TONNES.
NOV 1/WITH GOLD UP $9.20 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.02 TONNES FORM THE GLD../INVENTORY RESTS AT 920.57 TONNES
OCT 31/WITH GOLD DOWN $4.00; BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.61 TONNES FROM THE GLD//INVENTORY RESTS AT 922.59. TONNES//
OCT28/WITH GOLD DOWN $19.70 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.19 TONNES FROM THE GLD..///INVENTORY RESTS AT 925.20 TONNES
OCT 27/WITH GOLD DOWN $3.80: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 928.39 TONNES
OCT 26/WITH GOLD UP $11.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 928.39 TONNES
OCT 25/WITH GOLD UP $3.85: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .29 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 928.39 TONNES
OCT 24/WITH GOLD DOWN $1.80 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.89 TONNES FROM THE GLD////INVENTORY RESTS AT 928.10 TONNES
OCT 21/WITH GOLD UP $19.10: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES FROM THE GLD///INVENTORY RESTS AT 930.99 TONNES
OCT 20/WITH GOLD UP $2.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 6.08 TONNES FROM THE GLD///INVENTORY RESTS AT 932.73 TONNES
OCT 19/WITH GOLD DOWN $20.65:: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .29 TONNES FROM THE GLD////INVENTORY RESTS AT 938.81 TONNES
OCT 18/WITH GOLD DOWN $7.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES FROM THE GLD////INVENTORY RESTS AT 939.10 TONNES
OCT 17/WITH GOLD UP $14.55: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.28 TONNES FROM THE GLD///INVENTORY RESTS AT 941.13 TONNES
OCT 14/WITH GOLD DOWN $26.50 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES FROM THE GLD///INVENTORY RESTS AT 944.31 TONNES
OCT 13/WITH GOLD DOWN $0.40 TODAY: A DEPOSIT OF 1.16 TONNES INTO THE GLD// CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 945.47 TONNES
OCT 12/WITH GOLD UP $4.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 944.31 TONNES
OCT 11/WITH GOLD UP $10.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 944.31 TONNES
OCT 10//WITH GOLD DOWN $33.50 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 944.31 TONNES
OCT 7/WITH GOLD DOWN $10.70: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 946.34 TONNES
OCT 6/WITH GOLD UP $.70 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.45 TONNES INTO THE GLD//INVENTORY RESTS AT 946.34 TONNES
OCT 4/WITH GOLD UP $28.65 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.19 TONNES INTO THE GLD//INVENTORY RESTS AT 942.89 TONNES
OCT 3.WITH GOLD UP $29.30 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD AND A BIG SURPRISE: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD////INVENTORY RESTS AT 939.70 TONNES
GLD INVENTORY: 910.12 TONNES
Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them
NOV 19
NOV 14/WITH SILVER UP 41 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 471.923 MILLION OZ//
NOV 11/WITH SILVER DOWN 2 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 553,000 OZ FROM THE SLV///INVENTORY RESTS AT 471.923 MILLION OZ//
NOV 10/WITH SILVER UP 39 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV; A DEPOSIT OF 368,000 OZ INTO THE SLV///INVENTORY RESTS AT 472.476 MILLION OZ//
NOV 9/WITH SILVER DOWN 10 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV/; A WITHDRAWAL OF 3.821 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 472.108 MILLION OZ//
NOV 8/WITH SILVER UP 48 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.751 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 475.929 MILLION OZ//
NOV 7/WITH SILVER UP 12 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 477.678 MILLION OZ//
NOV 4/WITH SILVER UP $1.31 TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.972 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 477.678 MILLION OZ//
NOV 3.WITH SILVER DOWN 16 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 566,000 OZ FROM THE SLV////INVENTORY RESTS AT 482.650 MILLION OZ//
NOV 2/WITH SILVER DOWN 9 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 92,000 OZ FROM THE SLV////INVENTORY RESTS AT 483.216 MILLION OZ//
NOV 1/WITH SILVER UP 53 CENTS TODAY:SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 415,000 OZ FORM THE SLV////INVENTORY RESTS AT 483.308 MILLION OZ
OCT 31: WITH SILVER FLAT: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .644 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 483.723 MILLION OZ//
OCT 28/WITH SILVER DOWN 35 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 276,000 OZ INTO THE SLV////INVENTORY RESTS AT 484.367 MILLION OZ//
OCT 27/WITH SILVER UP 3 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE S: A WITHDRAWAL OF 2.579 MILLION OZ FROMTHE SLV/////INVENTORY RESTS AT 484.091 MILLION OZ//
OCT 26/WITH SILVER UP 11 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.013 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 486.670 MILLION OZ./.
OCT 25/WITH SILVER UP 17 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.083 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 487.683 MILLION OZ/
OCT 24/WITH SILVER UP 6 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .553 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 485.610 MILLION OZ//
OCT 21/WITH SILVER UP 43 CENTS: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF .46 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 486.163MILLION OZ//
OCT 20/WITH SILVER UP 33 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .921 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 485.703 MILLION OZ//
OCT 19/WITH SILVER DOWN 27 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.105 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 486.624 MILLION OZ///
OCT 18/WITH SILVER DOWN 5 CENTS:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.658 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 487.729 MILLION OZ///
OCT 17/WITH SILVER UP 53 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.151 MILLION OZ INTO THE SLV////INVENTORY REST AT 486.071 MILLION OZ//
OCT 14/WITH SILVER DOWN 77 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.211 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 484.920 MILLION OZ//
OCT 13/WITH SILVER DOWN 2 CENTS TODAY: BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.513 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 482.709 MILLION OZ//
Oct 12/WITH SILVER DOWN 18 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 478.196 MILLION OZ
OCT 11/WITH SILVER DOWN 11 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 5.066 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 478.196 MILLION OZ
OCT 10//WITH SILVER DOWN 65 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 473.130 MILLION OZ/
OCT 7/WITH SILVER DOWN 37 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.447 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 473.130 MILLION OZ/
OCT 6/WITH SILVER UP 11 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY: A WITHDRAWAL OF 5.3 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 475.617 MILLION OZ//
OCT 4WITH SILVER UP $.51 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 480.917 MILLION OZ
OCT 3/WITH SILVER UP $1.46 : NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 480.917 MILLION OZ//
CLOSING INVENTORY 471.923 MILLION OZ//
PHYSICAL GOLD/SILVER STORIES
1:Peter Schiff
2 Lawrie Williams//Pam and Russ Martens/Jim Rickards/Mathew Piepenburg/Von Greyerz//Rickards:
Von Greyerz: In The End The Dollar Goes To Zero & The US Defaults
With US and Global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world.
Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.
So here we are again, another monetary era and another guaranteed collapse as von Mises said:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion”
This disastrous borrowed prosperity, with ZERO ability to repay the surging debt, will lead to one of the three consequences below:
1. THE US$ GOES TO ZERO
2. A US DEFAULT
3. BOTH OF THE ABOVE
The most likely outcome is number 3 in my view. The dollar will go to ZERO and the US will default. The same will happen to most countries.
I outline the consequences for the world at the end of his article.
Many people say that the US can never default. That is of course absolute nonsense.
If a country prints worthless debt that nobody will buy in a currency that no one wants to hold, the country has definitely defaulted whatever spin they put on it.
In the next few years, not just US but all sovereign debt will only have one buyer which is the country that issues the debt. And every time a sovereign state buys its own debt, it has to issue more worthless debt that nobody will touch with a barge pole.
Printing more money to pay for previous sins has never worked and never will.
And this is how money dies, just like it has throughout history.
The current monetary era started with the foundation of the Fed in 1913 and the acceleration of debt and currency debasement since 1971 when Nixon closed the gold window. With just over 100 years into this era, it is now approaching the end, like they all do.
Global currencies are already down 97-99% since 1971 and we can now expect the final 1-3% decline for all money to become virtually worthless. This is of course nothing new in history since every single currency has always gone to ZERO. We must of course remember that the final 1-3% move means a 100% fall from today. The final collapse is always the quickest so it could easily happen in the next 2-5 years.
DEBT, DEBT AND MORE DEBT
Let’s look at how it has all evolved.
Although US debt has increased virtually every year since 1930, the acceleration started in the late 1960s and 1970s. With gold backing the dollar and therefore most currencies UNTIL 1971, the ability to borrow more money was restricted without depleting the gold reserves.
Since the gold standard prevented Nixon to print money and buy votes to stay in power, he conveniently got rid of those shackles “temporarily” as he declared on August 15, 1971. Politicians don’t change. Powell and Lagarde recently called the increase in inflation “transitory” but in spite of their bogus prediction, inflation has continued to rise.
Since 1971 total US debt has gone up 53X with GDP only up 22X as the graph below shows:
As the widening Gap between Debt and GDP in the graph above shows, it now takes ever more debt to achieve increases in GDP. So without printing worthless money, REAL GDP would show a decline.
So this is what our politicians are doing, buying votes and creating fake growth through printed money. This gives the voter the illusion of increased income and wealth. Sadly he doesn’t grasp that the illusory increase in living standard is all based on debt and devalued money.
Let’s also look at US Federal Debt:
Since Reagan became president in 1981, US federal debt has on average doubled every 8 years. Thus when Trump inherited the $20 trillion debt from Obama in 2017, I forecast that the debt would double by 2025 to $40t. That still looks like a valid projection but with the economic problems I expect, a $50t debt by 2025-6 cannot be excluded.
So presidents know they can buy the love of the people by running chronic deficits and printing money to make up for the difference.
But if we look at the graph above again, it shows that debt has gone up 35X since 1981 but that tax revenue has only increased 8X from $0.6t to $4.9t.
How can any sane person believe that with debt going up 4.5X faster than tax revenue that the debt can ever be repaid.
Even worse, with US interest payments on the debt surging from around 0% to probably 5% by 2025 the interest on the debt will climb to $2 trillion or circa 30% of the annual budget.
So with higher interest rates, higher deficits and rising inflation the scene is set for a high or hyper-inflationary period in the next few years.
FED PIVOT?
So virtually every observer believes that the Fed (and ECB) will not just stop raising interest rates but pivot and lower them again.
In my view this will not happen except for possibly very short term. The 40 year interest rate downtrend finished in 2020 and the world is unlikely to see low or negative rates for many years or decades. High inflation and high rates will continue for years. But as we see in the 40 year chart of the 10 year US treasury below, there will be many corrections in the coming uptrend.
US MONEY SUPPLY GROWING AT 74% ANNUALISED
Between August 1971 and August 2019 US money supply grew at 6.1% p.a.
In August 2019, the hangover from the 2006-9 Great Financial Crisis hit the financial system again resulting in major support actions from the Fed and other central banks.
So the fresh problems emerged before Covid and before Ukraine. But those two new crises obviously exacerbated the systemic problems that had been put on ice for 10 years. This led to massive money printing and M1 in the US no longer increased at 6% annually but at a hyperinflationary 74% p.a. as the graph below shows.
$25 TRILLION GLOBAL LIQUIDITY/DEBT INCREASE AT ZERO COST
Central banks are always wrong and always behind the curve. They kept short term rates at zero or negative for over a decade. From 2009 to 2019 the balance sheets of major central banks increased by $13t. But then from Aug 2019 to 2022 an explosion in central bank debt took place, expanding their balance sheets $23t from $13t to $36t. All the same reasons that I discuss in the paragraph above regarding US money supply are obviously also valid for global debt expansion.
There is nothing like free money! The banks created this money at ZERO cost. They did no work and nor did they produce any goods or services. All they needed to do was to press a button. And with interest rates at zero or negative, many central banks were actually receiving interest from the lenders.
What a beautiful Ponzi scheme. CBs print/borrow money and then they are paid for the pleasure of borrowing this money. Any private swindler launching such a scheme like Ponzi or Madoff would spend the rest of his life in prison but the bankers are praised for “saving” the system.
What virtually no individual understands is that this free money then enters the financial system as having a real intrinsic value. As with all Ponzi schemes, the current financial system will collapse too as the holders of the fake paper money realise that the money is worthless and that the emperor is totally naked.
Within the next five years or so, the triangle is likely to be inverted with central bank gold as the foundation at the bottom. But instead of gold being only 0.1% of global liabilities, it will be as much as maybe 20%. That 200x revaluation of gold will be a combination of the value of global assets and liabilities collapsing and gold rising.
Personally I don’t believe in a lasting formal reset with a new currency system backed by gold. I cannot see the three major gold producers/holders China, Russia and India agreeing with the US on a revaluation. It is also questionable if the US has anywhere near the 8,000 tonnes of gold they are declaring. Also, China and Russia probably have considerably more gold than they are declaring.
Instead, after the fake paper market in gold has collapsed, the price must be based on supply and demand of unencumbered physical gold or Free Gold. But that can only happen after the current financial system based on fake money, debt and derivatives no longer functions.
CONSEQUENCES
But before that, the world must pay for the excesses of the last 50 years. The consequences will be dire as we are facing a major cataclysm or disorderly reset which will involve:
DEBT DEFAULTS – SOVEREIGN, CORPORATE & PRIVATE
BURSTING OF EPIC BUBBLES IN STOCKS, BONDS & PROPERTY
MAJOR GEOPOLITICAL CONFLICTS WITH NO DESIRE FOR PEACE
SECULAR FALL OF LIVING STANDARDS DUE TO HIGHER COST OF ENERGY & ENERGY SHORTAGES
FOOD SHORTAGES LEADING TO MAJOR FAMINE AND CIVIL UNREST
POLITICAL AND ECONOMIC INSTABILITY & CORRUPTION
NO COUNTRY WILL AFFORD SOCIAL SECURITY OR PENSIONS
INFLATION HYPERINFLATION AND LATER DEFLATIONARY IMPLOSION
I sincerely hope that these predictions will not take place. Because if they do, everyone will suffer dramatically for an extended period. No one, rich or poor will avoid these problems.
But what I am saying is that the risk of a major catastrophe has never been higher in history, whenever it actually happens.
Physical gold and silver will not save you but clearly be the best financial insurance you can hold.
Most important is a support system of family and friends. Remember also that in addition to family and friends, some of the best things in life are free like nature, music, books and many hobbies.
3. Chris Powell of GATA provides to us very important physical commentaries//
Alameda’s Caroline Ellison Spotted In NY Amid Speculation She Is About To Roll On SBF After Hiring Iconic Clinton Lawyer
MONDAY, DEC 05, 2022 – 05:11 AM
As Sam Bankman-Fried enters day six of his whirlwind media tour in which he makes one or more daily appearances – against the advice of his lawyers – in hopes of convincing someone that he was too dumb to be a criminal mastermind with billions in crypto in cold storage and in bank accounts in Dubai and Singapore (luckily all his wire transfers can be traced), also known as the Simple Jack defense…
… the weakest link in SBF’s defense was just spotted in a New York coffee shop, amid speculation she is preparing to blow up SBF’s entire defense strategy.
According to Autism Capital, the former CEO of Alameda Capital (which as a reminder was ground zero of the FTX implosion after it blew up $8 billion in FTX client funds on trades gone horribly wrong), Caroline Ellison, was spotted at 8:15am this morning at the Ground Support Coffee on West Broad in SoHo Manhattan. This, as AC notes, “would mean she is not in Hong Kong and is in NY not in custody.”
A statement from a barista at the coffee shop confirmed that it was in fact Caroline.
Why does this matter? Because while the prominent Democrat donor, who reportedly is “responsible for Biden being in office” and who – at least according to Musk – donated over $1 billion to democrats…
… continues his deluded daily media appearances while casually throwing his former alleged lover, co-worker and penthouse-mate, Caroline – and pretty much all other co-workers – under the bus by claiming he has no idea how $8 billion in FTX client funds just vaporized in SBF’s personal hedge fund, Alameda (implying that only Alameda’s CEO, Ellison, was responsible for the theft and fraud) Caroline is two-steps ahead of SBF and is already cooperating with members of the DOJ, and specifically the SDNY, which we previously reported is probing the collapse of FTX.
Subsequent reports have only reinforced this rumor, and the latest is that Ellison is being represented by DC law firm, WilmerHale…
… best known for its Government Affairs Department Chair, Jamie Gorelick, who was the former No. 2 ranking member in the Clinton Justice Department, and in a recent interview, she referred to Garland as her “wingman.”
If indeed Ellison is working the Feds while currying favor with SBF’s former closest friends, the days of Bankman-Fried – who may or may not soon commit Epsteincide – outside of a prison cell are numbered.
As for SBF, who is still wasting his time “uhhhm“-ing and “like“-ing across various interviews hoping to demonstrate to the world – and his future jurors – just how bloody stupid he really was…
… and blaming it all on messy accounting, poor risk management, and of course, Caroline Ellison – not his premeditated fraud of course – even the CEO of Coinbase is no longer buying his relentless bullshit, saying earlier that no matter how “messy you accounting is (or how rich you are) – you’re definitely going to notice if you find an extra $8B to spend” adding that “even the most gullible person should not believe Sam’s claim that this was an accounting error” (here he is referring to Bill Ackman, of course), and correctly concluded that “it’s stolen customer money used in his hedge fund, plain and simple.”
All that’s missing is the definitive proof, and if the above rumors are correct, Caroline Ellison is in the process of, or already has provided it to the Feds. Which incidentally, may explain why SBF’s “I am Simple Ja-ja-ja-jack, i’m so-so-so-sorry” tour just came to a crashing halt, when late on Sunday, the commingling masterming told Maxine Waters he won’t be voluntarily appearing before Congress – where any lie is a perjury – on the 13th (or ever for that matter).
end
Earth To Reporters: Why Is No One Asking SBF What Happened To The $3.3 Billion He Borrowed?
Disgraced crypto chief Sam Bankman-Fried has been talking to reporters, including at the New York Times (the famed Andrew Ross Sorkin Dealbook interview), the Financial Times, and the Wall Street Journal. Despite the fact that it’s generally seen as a very bad idea to say anything about your past conduct when you are a litigation target, and likely for a criminal case, and SBF has said his lawyers are opposed to talking to the press, SBF is nevertheless swanning about on his media tour.
Even though SBF got a bit of pushback from Sorkin on the question of co-mingling of funds when SBF tried playing, “Oh it was sort of allowed and anyway things were a mess,” he and other reporters didn’t probe very hard once they got his next layer of excuses: “Oh I didn’t mean to do anything bad, I don’t have access to records any more and my memory is fuzzy, and I really didn’t have anything to do with Alameda.”
Core to Bankman-Fried’s account of how FTX ended up with a roughly $8bn shortfall of client assets was excessive lending by the exchange to Alameda, which ploughed the money into venture capital investments and doomed bets on digital tokens.
Bankman-Fried deflected the FT’s questions about the excessive borrowing and soured investments that ultimately sank Alameda, blowing a hole in FTX’s finances, and would not be drawn on the legal consequences he may face. He said he deliberately avoided getting involved in Alameda’s trading and risk management to avoid conflicts with his position as chief executive of FTX, and neglected to monitor the risk they posed to the exchange.
Got that? $8 billion hole at the hedge fund Alamada. We are supposed to believe that the was the result of FTX lending to Alamada and then Alameda doing stoopid things that burned up a lot of dough. Oh, and even though SBF is responsible for (at best) crappy controls at FTX that allowed Alameda, we are also supposed to believe SBF’s claims that he was not involved in what was happening at Alameda.
Aside from the wee problem that SBF owned 90% of Alameda and had its detailed financial information as recently as March, Alameda made $3.3 billion of loans to SBF, $1 billion as a personal loan, and $2.3 billion to a 100% SBF-controlled entity, Paper Bird, that is outside the FTX-Alameda bankruptcy.
So Alameda made $4.1 billion in loans to cronies, mainly SBF, and we are to believe that SBF had nothing to do with that?
I am at a loss for the failure to purse the question of what happened to the $3.3 billion SBF borrowed. This is already in the public domain. Yes, no doubt more will be revealed as the bankruptcy process winds forward. But help me. This is not hard.
Mark Karpelès compiled an FTX entity list, which confirms that Paper Bird is a “top” company, which is consistent with SBF being its sole shareholder. The bankruptcy filing states that Paper Bird owned 75% of FTX International.1 However, that does not make it part of the FTX bankruptcy. In fact, Paper Bird filed for its own bankruptcy, the same date at FTX did, with separate counsel: Adam Landis of Landis Roth & Cobb while the lead attorney for FTX is James Bromley of Sullivan & Cromwell.
Notice we have not heard anything about these lavish loans in SBF’s “Oh poor confused me and I feel sorry for all my chump victims too.” Since SBF seems unduly eager to try to ‘splain himself, it would improve appearances in the eyes of public opinion and perhaps later a court, if he could honesty say, “I scrounged up what I could liquidate readily and used to to try to save the company.” If that had happened, that would also mean any investor recoveries, however meager, were due in part to SBF trying to shore up his enterprise.
I have seen no claim in the press or the bankruptcy filing that SBF either did or expressed willingness to put his own money into FTX when it was collapsing. The failure of SBF to spend any of his own funds to salvage his empire no doubt contributed to its demise. If he’d put up say $3 billion of the $8 billion supposedly needed, there is a remote possibility that his napkin-doodle balance sheet would have been forgiven: “If SBF is willing to stake that much of his personal money on the odds that he can rescue FTX, there must be some real value in there despite the mess.”
And it would not be hard for a merely mildly dogged interviewer to press SBF on this topic: “You took $1 billion in personal loans from Alameda. When did that happen? You said in your Financial Times lunch earlier this year and then more recently that you had only $100,000 in bank. So where did the $999,900,000 or more go? Was it invested in real estate? Gambled away?”
Remember, he can’t play “I don’t remember” and act like he can’t get the information. This was personal money, under his control, and he still has unimpeded access to those records. The reporter could follow up: “If you don’t remember, could check your personal accounts and get back to us?” And if he demurs again, drive the knife in: “This will probably come out in court anyhow since the creditors will be looking into fraudulent conveyance. So this isn’t something you will be able to hide.”
Then an interviewer could follow a parallel line of questioning with Paper Bird. There SBF might give bafflegab about venture investments or crypto speculation, so if I were a member of the press, I’d start with the personal loan first since he has much less wriggle room there. Not being able to explain what happened to $1 billion, which is the route SBF is likely to take, is not a good look.
Separately, yours truly is becoming slightly more optimistic that SBF might wind up facing a real prosecution, as opposed to one designed to find as little as possible. From the Wall Street Journal:
In Cyprus, the country’s securities regulator is complaining that Mr. Ray’s decision to place FTX in bankruptcy has stymied investigations and is preventing European customers from getting their money back…In Turkey, authorities have seized the assets of FTX’s local subsidiary, an affront to Mr. Ray’s efforts to sweep FTX’s assets into the chapter 11 process in Delaware….
On Nov. 28, the chairman of the Cyprus Securities and Exchange Commission voiced concern about the bankruptcy process in a letter to Mr. Ray, a copy of which was seen by the Journal. FTX’s European arm, FTX EU Ltd., was licensed in Cyprus, allowing the crypto exchange to offer services elsewhere in the European Union’s single market….
The Cyprus securities regulator has ordered the company to return the money to customers, but the company has been unable to comply because its bank accounts are frozen by the chapter 11 process, the chairman said.
Mr. Theocharides also reminded Mr. Ray “that unlawful use of clients funds might constitute a criminal offense.”…
Trouble might also be brewing for Mr. Ray in Turkey, where regulators have already decided to take control of FTX’s domestic subsidiary’s winding-down. On Nov. 19, Mr. Ray said FTX had identified a number of subsidiaries with valuable franchises that could be sold to raise cash for the company’s creditors. One of them was FTX’s wholly owned Turkish subsidiary, FTX Turkey Teknoloji Ve Ticaret AS, where the company had found nearly $3.1 million in assets when it filed for bankruptcy, according to court papers.
Four days later, though, the financial crimes board of Turkey’s Treasury Ministry said it had confiscated the assets of FTX Turkey on suspicion that customer deposits were transferred or taken abroad through fraudulent transactions and that nonexistent crypto assets were sold to customers. Istanbul’s chief prosecutor began a criminal investigation into Mr. Bankman-Fried and other people associated with FTX, the ministry said.
So far, the Cyprus regulator is just whining, but his criminal offense remark is arguably a shot at Ray, not just SBF. By contrast, Türkiye is saddling up. And remember, as SBF keeps running his mouth and the bankruptcy court unearths more information, they will soon have plenty of promising material.
Both Cyprus and Türkiye have bilateral extradition treaties with the US. Federal prosecutors and regulators hate being upstaged by state counterparts; that’s why state enforcement actions regularly have the effect of rousing formerly somnambulant authorities.
It would be staggeringly embarrassing for the Department of Justice to make no filing against SBF or only a very weak and limited one, and then have jurisdictions seen as less than upstanding (that’s why SBF chose them, after all) making forceful cases that SBF had violated their laws. That pressure, which at least from Türkiye seems to be genuine, will force the DoJ to do more than dial its investigation of SBF in.
Many more to come
(zerohedge)
Three Arrows Capital Liquidators Seek $30 Million From Sale Of “Much Wow” Superyacht
SATURDAY, DEC 03, 2022 – 08:00 PM
The crypto industry continues to “pick up the pieces” after its epic collapse over the last 6 months, culminating in the implosion of FTX last month.
Three Arrows Capital, another firm that went under due to the plunging price of bitcoin, is in the process of being liquidated. Those in charge of dispersing of its assets are now looking to raise $30 million from the sale of a superyacht called “Much Wow”.
We first wrote that the yacht was being considered for sale in the bankruptcy this summer.
On Friday, a filing in the U.S. Bankruptcy Court in the Southern District of New York by the company’s liquidator, Teneo, confirmed that it had recovered $35.6 million in cash, $2.8 million from forced redemptions and “over 60” different crypto tokens and NFTs, Coingape reported.
Teneo is also seeking $30 million from the sale of the yacht, which is said to be worth $50 million. According to the report, founders of 3AC used company funds to purchase the yacht, but never made its final payment.
The yacht is currently “in insolvency proceedings in the Cayman Islands”, the report says.
Company founder Kyle Davies recently “criticized liquidators for refusing to engage with them constructively,” the report continues. Teneo has spoken out and said that they Davies and founder Zhu Su are delaying the return of funds to creditors.
The founders are in Bali and Dubai, respectively, and their U.S. citizenship is “unclear”, making it difficult to subpoena them. Read more here….ONSHORE YUAN: CLOSED DOWN 7.1151
OFFSHORE YUAN: 7.1257
SHANGHAI CLOSED DOWN 18.19 PTS OR 0.58%
HANG SANG CLOSED DOWN 53.12 OR 0.29%
2. Nikkei closed DOWN 30.80 PTS OR 0.11%
3. Europe stocks SO FAR: ALL GREEN
USA dollar INDEX UP TO 106.36 Euro RISES TO 1.0382
3b Japan 10 YR bond yield: RISES TO. +.242!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 140.28/JAPANESE YEN COLLAPSING AS WELL AS LONG TERM YIELDS RISING BREAKING THE JAPANESE CENTRAL BANK.
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN CHINESE YUAN: UP-// OFF- SHORE: UP
3f 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. EIGHTY percent of Japanese budget financed with debt.
3g Oil DOWN for WTI and DOWN FOR Brent this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund DOWN TO +2.0755%***/Italian 10 Yr bond yield FALLS to 3.908%*** /SPAIN 10 YR BOND YIELD FALLS TO 3.084…** DANGEROUS//
3i Greek 10 year bond yield FALLS TO 4.312//
3j Gold at $1764.00//silver at: 21.23 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00
3k USA vs Russian rouble;// Russian rouble UP 0 AND 19/100 roubles/dollar; ROUBLE AT 60.34//
3m oil into the 82 dollar handle for WTI and 945 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 139.99 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 0.9514–as the Swiss Franc is still rising against most currencies. Euro vs SF 0.9867well 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: 3.810% UP 4 BASIS PTS…GETTING DANGEROUS
USA 30 YR BOND YIELD: 3.908% UP 2 BASIS PTS//
USA DOLLAR VS TURKISH LIRA: 18,62…
GREAT BRITAIN/10 YEAR YIELD: 3.2974%
end
Overnight: Newsquawk and Zero hedge:
FIRST, ZEROHEDGE (PRE USA OPENING// MORNING
AND NOW NEWSQUAWK (EUROPE/REPORT)
i)MONDAY MORNING// SUNDAY NIGHT
SHANGHAI CLOSED DOWN 18,19 PTS OR 0.58% //Hang Sang CLOSED DOWN 53,12 OR 0.29% /The Nikkei closed DOWN 30.80 OR 0.11% //Australia’s all ordinaries CLOSED UP 0.21% /Chinese yuan (ONSHORE) closed DOWN TO 7.1151//OFFSHORE CHINESE YUAN DOWN 7.1257// /Oil DOWN TO 82.31 dollars per barrel for WTI and BRENT AT 95.14 / Stocks in Europe OPENED ALL GREEN. ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER
2 a./NORTH KOREA/ SOUTH KOREA/
///NORTH KOREA/SOUTH KOREA/
end
2B JAPAN
JAPAN
END
3c CHINA
CHINA/ECONOMY/APPLE
Apple’s retreat from China is acclerating
(zerohedge)
Apple Accelerating Supply Chain Retreat From China After iPhone Factory Chaos
SUNDAY, DEC 04, 2022 – 12:00 AM
Apple Inc’s massive exposure to Chinese manufacturing has left it with production shortfalls of iPhones due to Beijing’s harsh virus containment policies and unrest at a major factory in central China operated by Foxconn. A new report shows the iPhone maker’s retreat from China is accelerating.
WSJ said Apple is “telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn.”
Apple’s supply chain data indicates China is the iPhone maker’s primary location. Market research firm Counterpoint Research recently noted 85% of the Pro lineup of iPhones is made in Foxconn’s giant city-within-a-city factory in Zhengzhou.
“Apple no longer feels comfortable having so much of its business tied up in one place, according to analysts and people in the Apple supply chain,” WSJ noted.
“In the past, people didn’t pay attention to concentration risks.
“Free trade was the norm and things were very predictable. Now we’ve entered a new world,” Alan Yeung, a former US executive for Foxconn, said.
People familiar with Apple’s supply chain said that not all production would be shifted outside China. However, the remaining production in China will draw on a larger pool of assemblers, not just Foxconn. They said Luxshare Precision Industry Co. and Wingtech Technology Co. are two companies in line to receive more business from Apple.
As for the shift out of China, people involved in the discussions said Apple is telling manufacturing partners to look at other countries.
However, Apple has spent decades interweaving its supply chains within China, and change won’t come overnight.
“Finding all the pieces to build at the scale Apple needs is not easy,” said Kate Whitehead, a former Apple operations manager who now owns her own supply-chain consulting firm.
Ming-chi Kuo, an analyst at TF International Securities who follows the supply chain, said Apple’s longer-term objective is to ship 40% to 45% of iPhones from India. And suppliers said Vietnam could soon be a significant player in manufacturing other Apple products such as AirPods, smartwatches, and laptops.
The bigger trend is the fracturing of the global supply chain. US firms realize China’s zero Covid policy and shutdowns, along with heightened geopolitical risk across the region, are bad for business and recently outlined in the American Chamber of Commerce in Shanghai’s latest survey of US firms in China found a near doubling of respondents over the past year that are slashing investment.
end
CHINA?COVID
Wuhan Whistleblower: Former EcoHealth VP Says Covid “Man Made”, Escaped From Lab
Just hours after we find out that the Hunter Biden laptop not only wasn’t “Russian disinformation”, but rather was being actively covered up by social media, another “conspiracy theory” that wound up costing tons of honest truth seekers their social media accounts (including Zero Hedge, who was first to talk about the lab leakall the way back in February 2020), is inching closer toward being validated as reality.
That’s because a scientist who formerly worked at the Wuhan Institute of Virology has now gone on record and has said that COVID was “man-made” and leaked from the lab.
The claims are according to the Post, who cited The Sun, who was provided a copy of the scientist’s forthcoming book.
The gravity of the allegations, which I have written about at length over the last year, would make the global Covid-19 pandemic cover up among the most stunning lies ever perpetrated on modern humanity.
The whistleblower, epidemiologist Andrew Huff, called the lab leak the “biggest US intelligence failure since 9/11″. He detailed his allegations in his book “The Truth About Wuhan”.
Get 50% off: If you enjoy this article, would like to support my work, I would love to have you as a subscriber and can offer you 50% off for life: Get 50% off forever
Huff is the former vice president of EcoHealth Alliance, which studied coronaviruses at the Wuhan Institute of Virology. He worked for the company from 2014 to 2016 and, per the Post:
…said that the non-profit helped the Wuhan lab put together the “best existing methods to engineer bat coronaviruses to attack other species” for many years.
“Foreign laboratories did not have the adequate control measures in place for ensuring proper biosafety, biosecurity, and risk management, ultimately resulting in the lab leak at the Wuhan Institute of Virology,” he wrote in his book.
Huff wrote: “China knew from day one that this was a genetically engineered agent. The US government is to blame for the transfer of dangerous biotechnology to the Chinese.
“I was terrified by what I saw. We were just handing them bioweapon technology.”
Fringe Finance has been covering the idea of a lab leak since the blog’s inception and we have long maintained that a leak from the lab was the most obvious explanation for Covid.
Now the question becomes: who will be held accountable…not only for the leak but for the campaign against those who asked honest questions about the lab for the last 3 years?
And what other “conspiracy theories” will we soon find out are closer to truth?
As protests continue to rage throughout China over the regime’s harsh COVID-19 policies, and the police respond with notable force, a bipartisan group of U.S. senators has sent a sharply worded letter to Beijing’s ambassador to Washington, Qin Gang, warning of “grave consequences for the U.S.-China relationship” if the communist regime carries out a crackdown reminiscent of the Tiananmen Square massacre of 1989.
One of the lead signers, Sen. Dan Sullivan (R-Alaska), said in a statement accompanying the letter’s publication on Dec. 1 that the world’s response to Beijing’s efforts to quell the protests has been “tepid at best.” Hence Sullivan and the other signers saw a need to speak out and warn Beijing about what would happen if it failed to respect the right of citizens to signal their opposition to the severe COVID policies that have deprived millions of Chinese of freedom of movement.
The letter emphasizes the nonviolent character of the protests going on in China, implying that any abusive and violent conduct on the part of the regime’s forces will be illegal and unethical.
“We are following the current peaceful protests in China over your government’s policies very carefully. We are also closely watching the Chinese Communist Party’s (CCP) reaction to them,” the letter states.
The letter goes on to remind Ambassador Gang about the notorious events of June 1989, which drew worldwide condemnation and became a synonym for excessive force on the part of an authoritarian regime.
“In 1989, the Chinese Communist Party and People’s Liberation Army undertook a violent crackdown on peacefully protesting Chinese students, killing hundreds, if not thousands,” the letter states, before issuing a stark warning.
“We caution the CCP in the strongest possible terms not to once again undertake a violent crackdown on peaceful Chinese protestors who simply want more freedom. If that happens, we believe there will be grave consequences for the U.S.-China relationship, causing extraordinary damage to it,” the letter concludes.
Brussels Bailing Out Ukraine Will Ruin Europe For Generations, Hungary’s Orban Warns TYLER DURDEN
SUNDAY, DEC 04, 2022 – 02:35 PM
Hungarian Prime Minister Victor Orbán warned on Friday that European policies advocating for mass joint borrowing among EU member states to continue funding Ukraine’s resistance to the Russian invasion will have devastating consequences.
The Hungarian leader told “Good morning, Hungary!” that EU sanctions on Russian energy are bound to fail, and that “not only our children, but also our grandchildren will suffer the consequences” of a mass borrowing scheme proposed by the EU, adding that potentially insolvent states will require support as well.
Orban reiterated Hungary’s opposition, and suggested that agreements to support Ukraine should be at the national level via bilateral agreements between individual countries, ReMixreports.
He highlighted that Ukraine has now found itself in a situation whereby it is incapable of functioning as an independent nation because of the ongoing conflict, and while it needs help from its neighbors and allies in the short-term, it is not for Brussels to speak on behalf of all member states.
What’s more, Orban believes that any further sanctions on Russian gas or nuclear energy would have “tragic consequences,” and argued that Hungary should be exempt from such a decision.
“We are facing a difficult winter, Ukraine is in an increasingly difficult situation, Russia is suffering difficulties, but its revenues from energy carriers are at their peak, so the policy of sanctions has not achieved its goal,” he said, explaining that while Hungary won’t be subject to an upcoming ban on European imports of Russian oil, it will still be affected by the “price-inflating effect of the sanctions.”
“We have always achieved our own national goals in the negotiations on sanctions, so we are participating in the discussion of the ninth package with good hopes,” Orban concluded, while noting that the “pressure is constant,” and that Hungary must “constantly fight to protect our interests.”
end
Switzerland, Facing an Unprecedented Power Shortage, Contemplates a Partial Ban on the Use of Electric Vehicles
Godfrey Bloom on Twitter: “I’m afraid the game is over.” / Twitter
5.//UKRAINE/RUSSIA
Airbases Deep Inside Russia Rocked By Explosions; New Wave Of Airstrikes Pummel Ukraine
MONDAY, DEC 05, 2022 – 04:45 PM
Monday saw another major escalation in the Ukraine war as Russian media reported that explosions rocked two air bases in Russia, suggesting Ukrainian forces could be seeking to launch missiles deep into Russian territory, though the exact cause or type of weapon behind the explosions are unknown. It could also possibly be another “sabotage attack” such that was previously seen in the Crimea.
One of the Russian bases struck reportedly hosts nuclear-capable strategic bombers being utilized in airstrikes on Ukrainian energy infrastructure. The Associated Press details in the aftermath of the blasts, “Russian state RIA Novosti news agency said three servicemen were killed and six others injured, and a plane was damaged, early Monday when a fuel truck exploded at an air base in Ryazan, in western Russia.”
The report underscored that “The base houses long-range flight tankers that serve to refuel bombers in the air.” The other base that was hit is being identified as in the Saratov region. The Saratov base lies some 600 kilometers east of Ukraine, so both the bases are relatively deep inside Russian territory.
Moscow meanwhile has taken quick, decisive action – once again launching a barrage of major airstrikes on Ukrainian cities, targeting particularly energy infrastructure as part of the stated purpose of degrading Ukraine’s power supply going into winter. For days Ukrainian officials have been warning the population to brace for new major attacks.
Air raid alert sirens sounded Monday across the country. “The enemy is again attacking the territory of Ukraine with missiles!” Kyrylo Tymoshenko, an official with the Ukrainian president’s office, wrote on Telegram.
Media reports referred to explosions in several parts of the country, including the cities of Odesa, Cherkasy and Kryvyi Rih. In Odesa, the local water supply company said a missile strike cut power to pumping stations, leaving the entire city without water.
Civilians are sheltering in underground places like metro stations, especially in the populous Ukrainian capital…
Ukraine has so far counted a handful of deaths from Monday’s fresh round of Russian strikes. It’s expected that power and water access in many parts will be impacted more severely given most estimates have already put the national energy grid at 40% disabled.
“Zelenskyy’s office said three rocket strikes hit the president’s hometown of Kryvyi Rih in south-central Ukraine, killing a factory worker and injuring three others,” the AP continues. “In the northeastern region of Kharkiv, a person was killed in strikes by S-300 missiles on civilian infrastructure in the town of Kupyansk, it said.”
The two Russian airbases rocked by explosions on Monday were deep inside the country, suggesting the possibility of either a long-range Ukrainian strikes or also a sabotage operation on the ground…
And further there are emerging reports that a downed rocket has been found just long the border with Moldova, suggesting like the last wave of attacks Russia is targeting ever further West in Ukraine. Likely as a result Ukraine forces will try to continue hitting targets inside Russia, also as their capability grows given they have been supplied with ever-longer range rockets from the US and NATO countries.
end
Zelensky Seeks To Ban Russian Orthodox Church In Ukraine
Ukrainian President Volodymyr Zelensky announced he is seeking to ban all religions with ties to Russia. He claims the move is needed to “guarantee spiritual independence to Ukraine.” This law will target millions of Ukrainians who identify as Russian Orthodox.
During his nightly address on Thursday, Zelensky announced he was introducing legislation that would eliminate religious organizations affiliated with Russia from operating in Ukraine. He said this will make “it impossible for religious organizations affiliated with centers of influence in the Russian Federation to operate in Ukraine.”
The Ukrainian leader said it was necessary to purge the church to preserve the country’s spiritual independence. Adding, “We will never allow anyone to build an empire inside the Ukrainian soul.” Zelensky denounced Ukrainians continuing to attend the parishes as failing to overcome “the temptation of evil.”
He claimed a series of recent raids by Kiev’s intelligence found orthodox churches which remain connected with the Moscow Patriarchate have been acting as operatives for the Kremlin. In his address, Zelensky instructed his security forces to further target Russian Orthodox parishes.
At least two-thirds of Ukrainians identify as Eastern Orthodox Christians. At one point, the majority of Ukrainians attended parishes that followed the Moscow Patriarchate.
Some recent polls say that number has dwindled to under 15%. However, the polling was only conducted in territory that was controlled by Ukrainian forces. Zelensky has vowed to return those regions to Kiev’s authority.
Dmitry Medvedev, deputy chairman of the Russian Security Council, responded by slamming Zelensky’s move as authoritarian. “The current Ukrainian authorities have openly become enemies of Christ and the Orthodox faith,” he said.
end
Perhaps on the horizon
Robert Hryniak
1:14 AM (6 hours ago)
to
Before this an form there will be much more territory given up in the Ukrainian. If for no other reason than Russia will not allow BlackRock to loot the Ukraine to line the pockets of Zelensky and his gang of thieves. And first Europe will taste a bitter winter of failed policies.
Meanwhile in America one has to deal with the delusional crowd who are not so likely to retire from their pursuit of failed hegemony expression. Such a move not handled correctly can lead to a complete loss of American hegemony in Europe over time.
When statesmen are needed few rise from the pathetic crowd.
4/12/22 By WarNews 24/7 (translayed from Greek)
A storm of reactions has been caused by the statement of the French president Emmanuel Macron about changing the security architecture in Europe. In fact, Macron emphasized that the issue was also discussed with Pre. Biden.
But what do the French mean? Will NATO forces withdraw from Eastern Europe and the Baltics as requested by Russia? Will Ukraine remain demilitarized and half a state?
However, the Ukrainian Army must be in a dire state. A few 24 hours ago the Americans stressed to Zelensky that he should negotiate and now Macron is dropping a megaton bomb.
Although the proposal will be rejected by Moscow because it no longer believes in any guarantees from the West, Macron’s public proposal nevertheless shows that the West has relented.
In more detail, French President Emmanuel Macron says he is ready to offer “guarantees” to Moscow’s “concerns” in order to put an end to the bloody war in Ukraine.
“The West will have to consider how to deal with Russia’s need for security guarantees if the Russian president agrees to negotiations to end the war in Ukraine,” the French president said on Saturday.
Macron’s message to Putin
During an interview with French TV station TF1, taped during his visit to the US and broadcast yesterday, Macron pointed out that Europe needs to prepare its future security architecture.
“There is one issue that depends on the Ukrainians, that is the border issue.
There is one issue that we need to prepare and this is what we discussed with (American) President (Joe) Biden, the security architecture in which we want to live tomorrow ,” Macron pointed out.
“This means that one of the main points to consider – as President Putin always says – is his concern that NATO is arriving at his door and the development of weapons that could threaten Russia ,” explained the French president. .
“This issue will be one of the factors for peace and therefore we have to prepare it: what are we ready to do, how will we protect our allies and member countries while offering guarantees to Russia for its own security, on the day that will come to the table” of the negotiations, Macron said.
“What is at stake in Ukraine are principles of the UN Charter: territorial integrity and national sovereignty,” the French president reminded, however, who noted that “I believe in the freedom of peoples to self-determination.”
At the same time, Macron assured that France will continue to provide weapons to Ukraine and support it.
“In the coming weeks we must help Ukraine to resist, Ukrainians to endure, continue to help them militarily, avoid escalation and intervene very specifically to protect the nuclear plants and prepare the dialogue for the day when all people will return to the table” of negotiations, Macron noted.
This week both the US and Russia said they were open in principle to talks, although Biden said he would only talk to Putin if he appeared interested in ending the war. Ukraine says negotiations will only be possible if Russia stops its offensive and withdraws its troops.
Russian Foreign Minister Sergey Lavrov said Thursday that the US and NATO’s move to focus on countering China in the Asia Pacific has led to an increase in military cooperation between Moscow and Beijing.
“We know how seriously the People’s Republic of China regards these provocations [by NATO in the South China Sea], let alone Taiwan and the Taiwan Strait. We understand that this playing with fire by NATO in that part of the world carries threats and risks for the Russian Federation,” Lavrov said at a press conference, according to TASS.Via EPA
In recent years, the US has stepped up its military presence in the South China Sea and near Taiwan, and some of its European allies have sent ships to the region, including the UK, France, and Germany.
“It’s as close to our shores and our seas as it is to Chinese territory. So, our military cooperation with the People’s Republic of China is developing. We are holding joint exercises, both counterterrorism exercises and air patrolling exercises,” Lavrov said.
NATO has identified China as a “challenge” to the alliance and has said it should forge stronger relationships with countries in the Asia Pacific, including Australia, South Korea, Japan, and India. Building new alliances in the region is a key aspect of the US strategy against China, as outlined by the Biden administration’s Indo-Pacific Strategy.
Lavrov said that the US and NATO are trying to create an “explosive situation” in the Asia Pacific and pointed to the AUKUS military pact between the US, Britain, and Australia. Under AUKUS, Australia is expected to receive technology to develop nuclear-powered submarines, and the US will expand its military presence in Australia.
China has previously warned that the Biden administration’s efforts to build alliances in the Asia Pacific could lead to a Ukraine-style “tragedy” in the region. “The United States has tried to create regional tension and provoke confrontation by pushing forward the Indo-Pacific strategy,” Chinese Foreign Minister Wang Yi said back in April.
The increasing military cooperation between Russia and China is a natural reaction to the similar pressure they are facing from the West. In a sign of the growing ties, Russian and Chinese bombers flew a joint patrol over the western Pacific on Wednesday.
end
Russia upgrades its software so they can defend the HIMARS missiles from the USA
special thanks to Robert H for providing this to us
(courtesy RT)
Russian troops get upgrade against HIMARS – RIA
Moscow’s forces have obtained software to easily tackle US-made missiles, a military commander has claimed
Russian air defense systems will now have no problem detecting and destroying missiles fired from US-made High Mobility Artillery Rocket System (HIMARS) due to new software, RIA Novosti reported on Friday, citing an unnamed Russian military commander.
According to the officer, who is serving in Russia’s Zaporozhye Region, Ukrainian forces initially used Soviet-era weapons, but have now switched to arms provided by NATO countries, including HIMARS missiles.
However, he said Russian troops can now easily repel such strikes due to “a new program update.”
“Now we have no problems in detecting, tracking, and destroying them,” he noted, adding that his unit had taken down about 10 HIMARS missiles, four of them in the past month.
Following the start of Russia’s military operation in Ukraine, the US has been providing Ukraine with large amounts of weaponry to the tune of around $19 billion. According to the US Department of Defense, as of November 23, Washington has committed to supporting Kiev with 38 HIMARS and relevant ammunition.
On Thursday, the Pentagon awarded a $431 million contract for the production of HIMARS launchers to Lockheed Martin in order to “satisfy an urgent need to support” the US Army and Washington’s foreign partners. The deal is estimated to be completed by the end of 2025.
Russian officials have repeatedly warned against pumping Ukraine with weapons, arguing that this would only prolong the conflict. Moscow has also said that Kiev uses HIMARS missiles to conduct strikes on residential blocks and other civilian infrastructure, resulting in numerous deaths and injuries in the Donbass and other recently incorporated into Russia former Ukrainian territories.
6. GLOBAL ISSUES//COVID ISSUES//VACCINE ISSUES.
Vaccine//Covid issues: Injuries
Special thanks to Robert H for providing this for us;
A serious side effect linked to COVID-19 vaccines can lead to death, according to a new study.
Post-vaccination myocarditis, a form of heart inflammation, was identified in a subset of people who died “unexpectedly” at home within 20 days of receiving a COVID-19 vaccine. Researchers analyzed autopsies that had been performed on the people and conducted additional research, including studying tissue samples.
Researchers started with a group of 35, but excluded 10 from further analysis because other causes of death were identified. Of the remaining 25, researchers identified evidence of myocarditis in five.
All of the five people received a Moderna or Pfizer vaccine within seven days of their death, with a mean of 2.5 days. The median age was 58 years. None of the people had COVID-19 infection prior to being vaccinated and nasal swabs returned negative.
Autopsy findings combined with the lack of evidence of other causes of death and how the vaccination happened shortly before the deaths enabled researchers to say that for three of the cases, vaccination was the “likely cause” of the myocarditis and that the cardiac condition “was the cause of sudden death.”
In one of the other cases, myocarditis was believed to be the cause of death but researchers detected a herpes virus, an alternative explanation for the incidence of heart inflammation. The remaining case did not include an alternative explanation for the myocarditis but the researchers said the impact of the inflammation was “discrete and mainly observed in the pericardial fat.” They classified the two cases as possibly caused by vaccination.
“In general, a causal link between myocarditis and anti-SARS-CoV-2 vaccination is supported by several considerations,” the researchers said, including the “close temporal relation to vaccination”; the “absence of any other significant pre-existing heart disease”; and the negative testing for any “myocarditis-causing infectious agents.”
Limitations included the small cohort size.
The study (pdf) was published by Clinical Research in Cardiology on Nov. 27. The researchers all work for Heidelberg University Hospital. They were funded by German authorities.
Moderna and Pfizer did not respond to requests for comment.
The meticulous ruling out of possible causes apart from vaccination signals that the cases are “the tip of the iceberg,” Dr. Andrew Bostom, a heart expert based in Rhode Island, told The Epoch Times.
“If there’s a seemingly healthy person that dies suddenly in their sleep, essentially, these are typically the cases that are autopsied, and clearly the most common finding is some form of atherosclerotic coronary heart disease. But they basically ruled that out in these cases. And then they came up with the most plausible proximate cause being vaccination,” he said. “And so it suggests that the phenomenon could actually be broader than it’s been suspected to be.”
Myocarditis
Myocarditis is a serious heart condition that can manifest as chest pain and typically leads the sufferer to seek hospital care.
Doctors usually advise against all or most physical activity for a period of time.
Causes include bacteria, viruses, and fever.
Acute myocarditis resolves in about half of cases in the first two to four weeks, researchers have found, but another quarter feature longer-term problems and many of the rest lead to death or heart transplantation.
The incidence of myocarditis among COVID-19 vaccine recipients was higher than expected, researchers in the United States, Israel, and other countries have found. The highest rates have been detected in young people, particularly young males.
Estimates of the typical myocarditis incidence rates are 0.2 to 2.2 per million persons within seven days. Reports to the Vaccine Adverse Event Reporting System show higher rates for males aged 5 to 49 and females aged 12 to 29. The highest rate was 75.9 per million second doses administered. Reports to the system don’t prove causality but the system suffers from severe underreporting, according to studies, indicating the rates are even higher.
The U.S. Centers for Disease Control and Prevention (CDC) continues to recommend vaccination for virtually all people aged 6 months and older, asserting that the benefits of the vaccines outweigh the risks. Some experts disagree, saying side effects like myocarditis tilt the calculus to the risks being higher in some age groups.
Government officials have repeatedly said that most of the myocarditis cases resolve within weeks, but CDC researchers found in September that many youths who experienced post-vaccination myocarditis still had abnormal MRI results months later.
The incidence has been much lower among older people, according to U.S. authorities, which have refused to make public the autopsy results of people who die after vaccination, and various studies. The new study “suggests we’ve been missing some severe myo[carditis] cases in our studies,” Dr. Tracy Høeg, an epidemiologist who advises the Florida Department of Health, said on Twitter.
Causality
Several vaccines have been linked to myocarditis and a related condition, pericarditis. They are made by Moderna and Pfizer and are the two most widely administered in the United States and Germany.
Both vaccines utilize messenger RNA (mRNA) technology.
Causality means that a vaccine causes a condition.
Top CDC researchers have said (pdf) the current evidence shows a causal link between the mRNA shots and heart inflammation. Other researchers have also reachedthat conclusion.
The U.S. Food and Drug Administration warns potential vaccine recipients that “postmarketing data demonstrate increased risks of myocarditis and pericarditis, particularly within 7 days following the second dose.”
Bostom said the evidence he’s reviewed shows a causal link.
“It’s as certain as most associations that we say are confirmed in medicine,” he said.
Some studies haveidentified COVID-19 as another cause of myocarditis and pericarditis, but othershave indicated it might not be associated.
Other Autopsy Findings
Before the German study, other researchers around the world had reported findings from autopsies of people who died suddenly after vaccination.
In 2021, U.S. researchers reported two adults developed myocarditis within two weeks of COVID-19 vaccination, and they were unable to find causes other than vaccination.
In 2021, South Korea researchers reported that after examining the death of a 22-year-old man who died five days after receiving the Pfizer vaccine, they determined the primary cause was “myocarditis, causally-associated” with the vaccine.
In January, New Zealand researchers reported that the Pfizer vaccine was probably responsible for sudden myocarditis that led to the death of a 57-year-old woman, writing that “other causes have been discounted with reasonable certainty.”
In February, researchers in several U.S. states reported that two teenage boys who died shortly after receiving Pfizer’s vaccine experienced heart inflammation and that the inflammation was the primary cause of death.
In May, CDC researchers reported that a young boy died after experiencing post-vaccination heart inflammation, with myocarditis being pegged as the cause of death.
In September, a German researcher reported that a 55-year-old who died four months after receiving the Pfizer vaccine died of myocarditis and said “these findings indicate that myocarditis, as well as thrombo-embolic events following injection of spike-inducing gene-based vaccines, are causally associated with a[n] injurious immunological response to the encoded agent.”
And just recently, Japanese researchers reported on results from a 27-year-old man who died 28 days after admission following vaccination.
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news.
end
McCarthy Says Defense Bill Won’t Move Forward Unless Military Vaccine Mandate Dropped
House Minority Leader Kevin McCarthy (R-Calif.) vowed on Sunday that the fiscal 2023 National Defense Authorization Act (NDAA) will not move forward unless the military’s COVID-19 vaccine mandate ends.
Speaking on Fox Business Network’s “Sunday Morning Futures,” McCarthy said that lawmakers are working through the $817 billion national defense bill with the hopes of lifting the vaccine mandate among military personnel.
The mandate has been in place since August 2021.
“We will secure lifting that vaccine mandate on our military because what we’re finding is, they’re kicking out men and women that have been serving,” McCarthy said, noting recruitment shortfalls.
“That’s the first victory of having a Republican majority, and we’d like to have more of those victories, and we should start moving those now.”
According to Defense Department data, 3,717 Marines, 1,816 soldiers, and 2,064 sailors have been discharged for refusing to get vaccinated against COVID-19, although a small portion has been allowed to remain in service owing to religious or medical waivers.
As of Dec. 1, over 11,500 members of the Army, Army National Guard, and Army Reserve have declined to get vaccinated against COVID-19, Axios reported, while 97 percent of the Army’s active personnel received the shot.
Army Missing Out on Recruitment Goals
Various military bodies have been struggling to meet their recruitment goals in part over the vaccine mandate, with the U.S. Army reaching just 75 percent of its recruitment goal of 60,000 for this year, according to Army Secretary Christine Wormuth.
McCarthy also said on Sunday that he had spoken with President Joe Biden last week and “laid out very clearly what the difference will be with the new Republican majority.”
When asked if the NDAA will move forward if the vaccine mandate is not lifted, McCarthy confirmed it will not, pointing to his meeting with Biden. The NDAA, which lays out the annual budget and expenditures of the U.S. Department of Defense, has become law every year for six decades.
“I’ve been very clear with the president, the president worked with me on this,” said the lawmaker, who is the Republican nominee for the next speaker of the House of Representatives.
The White House confirmed on Sunday that it is considering McCarthy’s proposal to scrap the military’s requirement that personnel are fully vaccinated, despite Defense Secretary Lloyd Austin on Dec. 3 vowing to continue imposing the mandate.
One day prior, Pentagon press secretary Brig. Gen. Patrick Ryder also promised to keep the mandate in place, citing U.S. national security.
“Leader McCarthy raised this with the president and the president told him he would consider it,” White House spokesperson Olivia Dalton told Reuters. “The secretary of defense has recommended retaining the mandate, and the president supports his position. Discussions about the NDAA are ongoing.”
Republicans have been calling on the Biden administration to scrap the vaccine mandate for military personnel, claiming that the move, which has been inundated with lawsuits, has hurt the National Guard’s ability to recruit troops.
of Germany dropped from 1.5-1.6 in 2021 to 1.3-1.4 in early 2022, a decline of about 14 %. In Sweden, corresponding TFR dropped from about 1.7 in 2021 to 1.5-1.6 in early 2022, a decline of almost 10%
———- Forwarded message ——— From: Dr. Paul Alexander from Alexander COVID News<palexander@substack.com> Date: Sun, Dec 4, 2022 at 2:03 PM Subject: URGENT: Cancer dramatically increasing, remission failing and metastasis exploding! This is linked to the roll-out… To: <sabioncello@gmail.com>
Buchan et al.: “Epidemiology of Myocarditis and Pericarditis Following mRNA Vaccination by Vaccine Product, Schedule, and Interdose Interval Among Adolescents and Adults in Ontario, Canada”
Open in app or onlineMishra et al.: “Susceptibility-Weighted Magnetic Resonance Imaging Highlights Brain Alterations in COVID Recovered Patients”; why is paper key? you can extrapolate brain injury via COVID vaccine spikeThis study suggests association of Long COVID with prolonged effects on the brain & also indicates the viability of SWI modality for analysis of post-COVID symptoms; long COVID is real! spike damageDR. PAUL ALEXANDERDEC 4SAVE▷ LISTEN “In the COVID-19 recovered cohort, nature of COVID infection ranged from mild to severe as inferred from self-reported symptoms. In the group comparison study, we have found significant clusters of abnormal susceptibility in the brain stem as well as in the white matter regions of the inferior frontal lobe which extend to the cortical gray/white matter junctions. These clusters with high SWI values may be a result of microvascular pathologies, cerebral ischemia, or other edematous pathophysiological in the brain. Similar decreased susceptibility in the brain has been reportedly associated with mild cognitive impairment [24] and post traumatic epilepsy [28].”The point is that the devastation due to the virus is due to the spike protein and thus we have to know the same happens post COVID vaccine.
VACCINE IMPACT//
Edward Dowd: “Cause Unknown” – The Epidemic of Sudden Deaths in 2021 & 2022
December 3, 2022 5:34 pm
Christine Dolan and L Todd Wood interview Edward Dowd to discuss his new book, “Cause Unknown.” From the publisher: What is killing healthy young Americans? 2020 saw a spike in deaths in America, smaller than you might imagine during a pandemic, some of which could be attributed to COVID and to initial treatment strategies that were not effective. But then, in 2021, the stats people expected went off the rails. The CEO of the OneAmerica insurance company publicly disclosed that during the third and fourth quarters of 2021, death in people of working age (18–64) was 40 percent higher than it was before the pandemic. Significantly, the majority of the deaths were not attributed to COVID. A 40 percent increase in deaths is literally earth-shaking. Even a 10 percent increase in excess deaths would have been a 1-in-200-year event. But this was 40 percent. The book begins with a close look at the actual human reality behind the statistics, and when you see the people who are represented by the dry term Excess Mortality, it’s difficult to accept so many unexpected sudden deaths of young athletes, known to be the healthiest among us. Similarly, when lots of healthy teenagers and young adults die in their sleep without obvious reason, collapse and die on a family outing, or fall down dead while playing sports, that all by itself raises an immediate public health concern. Or at least it used to. Ask yourself if you recall seeing these kinds of things occurring during your own life—in junior high? In high school? In college? How many times in your life did you hear of a performer dropping dead on stage in mid-performance? Your own life experience and intuition will tell you that what you’re about to see is not normal.
60,000 Children Injured and Dead Along with 4,571 Fetal Deaths Following COVID Vaccines
December 4, 2022 5:47 pm
As of the latest update to the U.S. Government’s Vaccine Adverse Events Reporting System (VAERS), over 60,000 children have been reported as suffering injuries or death following COVID-19 vaccines. According to a study done in 2011 for the U.S. Department of Health and Human Services, less than 1% of all vaccine injuries are ever reported to VAERS. That means we are probably looking at over 6 million cases of injuries and close to 20,000 deaths in children following COVID-19 vaccinations, when statistically children have very little, if any, chance of ever dying from COVID. Even more horrifying than these statistics, are the statistics in VAERS for fetal deaths following pregnant and child-bearing women who received a COVID vaccine, which now stand at 4,571 as of the latest update to VAERS. That means we are looking at around 450,000 fetal deaths as a result of the COVID-19 vaccines. Using the exact same search we performed on COVID-19 vaccines to find abortions, stillbirths, and ectopic pregnancies for all FDA approved vaccines for the previous 30+ years, we find 2,245 reported cases, or about 75 fetal deaths per year. Taking the total fetal deaths following COVID-19 vaccines for the year 2021, 3,791 fetal deaths, that is an increase of nearly 5,000% over the yearly average of fetal deaths following all FDA-approved vaccines for the previous 30 years. Many doctors today are sounding the alarm over this tragic number of fetal deaths, but their voices are silenced in the corporate media.
Shanghai has eased some of its Covid restrictions following the lead of Beijing, Shenzhen and Guangzhou, all of which have relaxed curbs in recent days in response to recent protests. The news has provided support to risky appetite, leading Asian equities higher despite the poorer tone of today’s China’s November Caixin PMI data release. That said, US and European futures have retained a mixed tone.
Risk appetite was wrong footed by the strength in the US non-farm payrolls report on Friday. Not only was the headline increase in payrolls stronger than expected at 263K, but earnings were also firm. Hourly earnings rose by a surprisingly strong 0.6% m/m in November. This was the biggest rise since January and gains were broad-based across sectors. Bearing in mind the slower pace of activity noted in the US ISM report the previous day, this hinted at a stagflationary tone. Treasury yields spiked and equity indices plunged in response to Friday’s Labour report, though the markets settled into the close and treasuries still ended higher on the week.
Friday’s remarks from Chicago Fed President Evans underpinned the perception that the robust US labor market data are unlikely to up-end the expectation that the FOMC will move back to a 50-bps incremental rate hike when its meets next week. That said, the continued tightness of the labour market should focus attention on the persistence of core inflation and the duration of the Fed’s policy response. It is our view that the Fed will need to hold rates at the terminal rate until 2024.
If President Biden was unapologetic last week about the protectionist tone of the US’s Inflation Reduction Act, European Commission von der Leyen has indicated that the EU is prepared to follow the same cue. European politician and companies have been quick to point out that tax credits and subsides for products such as electric vehicles, which form the basis of the new law, give US-based companies an unfair advantage and could tempt business away from Europe. Von der Leyen has suggested that “new and additional funding at the EU level” should be assessed and that the EU should “take action to rebalance the playing field”.
US/EU relations have been going through a sour patch. Additionally, European Council President Michel may be about to stir up some dis-harmony within the bloc. The FT has reported that Michel is calling for a renewed debate on common financing within the EU. His concerns relate specifically to the differing abilities of member nations to support industries embattled by the energy crisis. His remarks coincide with today’s commencement of the EU’s ban of seaborne Russian oil imports. Opec+ yesterday promised to be ready to take immediate action to stabilise the global oil market, if necessary, though it decided against making any changes to its production targets for the time being.
On Friday, G7 nations together with Australia agreed to a USD60/b price cap on Russian seaborne crude after Poland gave its support. The price cap is due to take effect from today or very soon afterwards. Poland had pushed for the cap to be as low as possible to squeeze revenues to Russia and to limit Moscow’s ability to finance the war in Ukraine. Russian Deputy PM Novak called the move a gross interference which was in contradiction to free trade. He stated that Russia is “working on mechanisms to prohibit the use of a price cap instrument” and that the country will only sell oil and petroleum products to those countries under market conditions”.
In the UK strike action remains a feature. Every day in December is expected to be marred by action of some sort over pay. Weekend talks between unions, train operators and the government had been labelled ‘constructive’, though a deal still proved to be elusive. Nurses and postal staff are among the other key workers due to take strike action this month. While UK political backdrop retains a calmer air since the start of PM Sunak’s premiership, neither the economy nor this own party are proving easy to manage. Last week saw the opposition Labour party extend its majority in a Chester by-election. This news coincided by news that senior Tory Javid will not stand as an MP at the next election. A slew of Tories has already indicated they will throw in the towel at the general election rather than face the possibly that the party could be in opposition for some years.
Week ahead
A 50 bp rate increase from the BoC is expected on December 7. On the margin this may further support expectations that the Fed will also feel more comfortable with the same size move on December 14. Among this week’s US releases are final November PMI and durable goods data but also the December University of Michigan sentiment index and November PPI inflation. The latter is expected to show a tapering off in the rate of price pressures, albeit at still uncomfortably high levels. The European data calendar also contains final PMI readings. In addition, German factory orders are due. ECB speakers today include President Lagarde and Chief economist Lane is due to be heard later in the week before the blackout period descends ahead of the policy decision on December 15. Comments from ECB’s Villeroy yesterday indicate his preference for a 50-bps hike next week. Up until recently market expectations pointed to a significant risk of a 75 bp move. The RBA meets tomorrow and another 25-bps rate hike looks likely, though weaker than expected October CPI inflation data have focussed attention on the possibility that the bank may favour smaller incremental moves going forward.
end
END
7.OIL ISSUES/USA AND THE WORLD/NATURAL GAS/DIESEL ETC
EU NatGas Prices Jump As Cold Blast Draws Down On Fuel Storage
MONDAY, DEC 05, 2022 – 02:21 PM
After an above-average autumn in Europe, winter weather has finally arrived.
The unseasonably cold weather has spread across northwest Europe and the UK and is forecasted to stay in place through the month’s midpoint.
Dutch TTF natural gas futures, the benchmark European contract, jumped as much as 9.2% on Monday morning on this news.
“That’s testing the continent’s ability to withstand this winter without normal flows from its former top gas provider, Russia. Only Iberia and the south of Europe are spared from the frigid weather for now,” Bloomberg said, citing a report from forecaster Maxar Technologies Inc.
Europe’s warm autumn allowed the continent’s NatGas storage facilities to fill to 95% by mid-November. In recent weeks, injections into storage have switched to the draws as the heating season begins.
Meanwhile, the number of liquefied natural gas (LNG) tankers idling off Europe, waiting for regasification terminals, has significantly decreased by 30% from this year’s high, according to data from S&P Global Commodity Insights. That’s causing concern that supplies could become an issue if winter is severe.
Warmer weather allowed the continent to refill NatGas storage tanks well above target levels. There’s a chance Europe could survive the energy crisis if this winter season is mild. If cold snaps became more prevalent, the continent’s storage levels could quickly deplete.8 EMERGING MARKET& AUSTRALIA ISSUES & OTHER EMERGING NATIONS
Your early currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings MONDAY morning 7:30 AM
Euro/USA 1.0382 UP 0.0021 /EUROPE BOURSES // ALL GREEN
USA/ YEN 139.99 DOWN 0.434/NOW TARGETS INTEREST RATE AT .25% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN TOTALLY COLLAPSES//
GBP/USA 1.1921 UP 0.0064
Last night Shanghai COMPOSITE CLOSED DOWN 18.19 PTS OR 0.58%
Hang Sang CLOSED DOWN 53.12 POINTS OR 0.29%
AUSTRALIA CLOSED UP 0.21% // EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES ALL GREEN
2/ CHINESE BOURSES / :Hang SANG CLOSED DOWN 53,12 PTS OR 0.29%
/SHANGHAI CLOSED DOWN 18.19 PTS OR 0.58%
AUSTRALIA BOURSE CLOSED UP 0.21%
(Nikkei (Japan) CLOSED DOWN 30.18 OR 0.11%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 1764.20
silver:$21.21
USA dollar index early MONDAY morning: 106.36 DOWN.23 POINTS from FRIDAY’s close.
The USA/Yuan, CNY: closed ON SHORE (CLOSED ..UP) AT 7.1198
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. 7.1240
TURKISH LIRA: 18.62 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.
the 10 yr Japanese bond yield at +0.243
Your closing 10 yr US bond yield UP 4 IN basis points from FRIDAY at 3.825% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic
USA 30 yr bond yield 3.925 UP 4 in basis points
Your closing USA dollar index, 106.89 UP .50 PTS ON THE DAY/1.00 PM/
Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates MONDAY: 12:00 PM
London: CLOSED UP 38.98 PTS OR 0.53%
German Dax : CLOSED UP 165.48 POINTS OR 1.16%
Paris CAC CLOSED UP 68.34 PTS OR 1.04%
Spain IBEX CLOSED UP 87.10 OR 1.08%
Italian MIB: CLOSED UP 335.51 PTS OR 1.38%
WTI Oil price 80.23 12: EST
Brent Oil: 87,83 12:00 EST
USA /RUSSIAN /// DOWN TO: 60.540/ ROUBLE UP 0 AND 13/100 RUBLES/DOLLAR
GERMAN 10 YR BOND YIELD; +2.017
UK 10 YR YIELD: 3.2670
CLOSING NUMBERS: 4 PM
Euro vs USA: 1.0243 DOWN .0079 OR 79 BASIS POINTS
British Pound: 1.1818 DOWN .0047 or 47basis pts
BRITISH 10 YR GILT BOND YIELD: 3.228%
USA dollar vs Japanese Yen: 142.09 UP 1.831/YEN DOWN 183BASIS PTS//
USA dollar vs Canadian dollar: 1.3450 UP 0.01016 (CDN dollar, DOWN 102 basis pts)
West Texas intermediate oil: 79.74
Brent OIL: 87.19
USA 10 yr bond yield UP 42BASIS pts to 3.832%
USA 30 yr bond yield UP 2 BASIS PTS to 3.906%
USA dollar index:107,74 UP 391POINTS
USA DOLLAR VS TURKISH LIRA: 18.62
USA DOLLAR VS RUSSIA//// ROUBLE: 60.85 DOWN 0 AND 41/100 ROUBLES
DOW JONES INDUSTRIAL AVERAGE: DOWN 45.41 PTS OR 0.13%
NASDAQ 100 DOWN 123.57 PTS OR 1.06%
VOLATILITY INDEX: 22.41DOWN 0.71PTS (3.07)%
GLD: $161.88 DOWN 0.89 OR 1.58%
SLV/ $19.250DOWN $0.05 OR 0.20%
end)
USA trading day in Graph Form
Stocks & Bonds Slide After ‘Fed Whisperer’ Confirms ‘Higher For Longer’ Rates
BY TYLER DURDEN
MONDAY, DEC 05, 2022 – 04:55 PM
After Powell’s words sparked panic-buying – and dramatic easing of financial conditions – some are wondering if The Wall Street Journal’s Nick Timiraos’ report this morning is an attempt tp jawbone back the market’s dovish perception.
Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.
…
brisk wage growth or higher inflation in labor-intensive service sectors of the economy could lead more of them to support raising their benchmark rate next year above the 5% currently anticipated by investors.
Timiraos comments come right after the Fed’s pre-meeting ‘blackout’ began over the weekend.
Financial conditions have dramatically eased in recent weeks… basically unchanged since the July FOMC (despite 150bps of tightening)…
While US financial conditions are now easier than they were BEFORE the Fed deployed four consecutive blasts of 75bps, they have eased dramatically in recent weeks. Goldman’s Mike Cahill warns:
“this is a big challenge for the Fed. it demonstrates why slowing the pace + guiding to a higher terminal rate is pretty counterproductive. and, also why I’m personally skeptical of the idea that there’s this big lagged policy effect about to drag on the economy — most of the FCI tightening happened in Q2 2022, and on our models we are already moving through the peak negative impulse from that.”
So, if one of the huge questions for next year is calibrating the “long and variable” lag effects of the hikes that have already come to pass, this would suggest the Fed needs to keep the pressure on.“
And sparked selling in bonds and stocks. Treasury yields are higher (but obviously not in the same range as Friday’s chaos)…
The S&P mechanically retraced all of Friday’s losses, tagged the stops and has sunk since with futures now testing back below the 2090-day moving-average…
Specifically, Timiraos confirms what most Fed speakers have been saying:
They want to guard against raising rates too little and allowing inflation to resurge, or raising them too much and causing unnecessary economic weakness, according to recent public comments and interviews.
…
Some officials could seek to push through another half-point rate rise in February because they see a greater risk that inflation won’t decline enough next year. Without signs of slower hiring, they could worry that inflation could pick up again.
So why is the market still pricing in earlier and more rate-cuts next year? And will the next Fed statement crush that hope once again?
After the ugly manufacturing data, Services surveys suggests the pain in the US economy is spreading fast. US Macro surprise data has stalled in the last month and S&P Global’s Services PMI confirmed its flash print, falling from 49.3 in September to 46.2 in November. That is the fifth straight month of contraction in the Services PMI.
Of course, it wouldn’t be right if we didn’t get a farcical jump in the The ISM Services print just to “baffle em with bullshit”. ISM Services rose from 54.4 to 56.5 in November (well above the drop to 53.,4 expected)…
Source: Bloomberg
The ISM Services data remains the only signal still showing expansion (but we note that it also fell in November to its weakest since the COVID lockdowns)
Source: Bloomberg
Despite the hotter than expected ISM print, new export orders collapsed…
Source: Bloomberg
And somehow the ISM services jumped with 6 components weaker…
The S&P Global US Composite PMI Output Index posted 46.4 in November, down from 48.2 in October to signal a solid decline in private sector business activity. The fall in output was driven by a faster decrease in service sector activity and a renewed downturn in manufacturing production.
“The survey data are providing a timely signal that the health of the US economy is deteriorating at a marked rate, with malaise spreading across the economy to encompass both manufacturing and services in November.
The survey data are broadly consistent with the US economy contracting in the fourth quarter at an annualized rate of approximately 1%, with the decline gathering momentum as we head towards the end of the year.
“There are some small pockets of resilience, notably in the tech and healthcare sectors, but other sectors are reporting falling output amid the rising cost of living, higher interest rates, weaker global demand and reduced confidence. Struggling most of all is the financial services sector, though consumer facing service providers are also seeing a steep fall in demand as households tighten their budgets.
“A striking development is the extent to which companies are increasingly reporting a shift towards discounting in order to help stimulate sales, which augurs well for inflation to continue to retrench in the coming months, potentially quite significantly.“
So it appears S&P Global analysts finally discovered the reverse bullwhip effect we have been discussing for months.
III) USA ECONOMIC STORIES.
end
USA ECONOMIC ISSUES// SUPPLY ISSUES
Roubini Warns “The Mother Of All Economic Crises Looms”
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and there will be little that policymakers can do about it.
The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in recent decades.
In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, auto loans, student loans, personal loans), businesses and corporations (bank loans, bond debt, and private debt), and the financial sector (liabilities of bank and nonbank institutions). In the public sector, it includes central, provincial, and local government bonds and other formal liabilities, as well as implicit debts such as unfunded liabilities from pay-as-you-go pension schemes and health-care systems – all of which will continue to grow as societies age.
Just looking at explicit debts, the figures are staggering. Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021. The ratio is now 420% across advanced economies, and 330% in China. In the United States, it is 420%, which is higher than during the Great Depression and after World War II.
Of course, debt can boost economic activity if borrowers invest in new capital (machinery, homes, public infrastructure) that yields returns higher than the cost of borrowing. But much borrowing goes simply to finance consumption spending above one’s income on a persistent basis – and that is a recipe for bankruptcy. Moreover, investments in “capital” can also be risky, whether the borrower is a household buying a home at an artificially inflated price, a corporation seeking to expand too quickly regardless of returns, or a government that is spending the money on “white elephants” (extravagant but useless infrastructure projects).
Such over-borrowing has been going on for decades, for various reasons. The democratization of finance has allowed income-strapped households to finance consumption with debt. Center-right governments have persistently cut taxes without also cutting spending, while center-left governments have spent generously on social programs that aren’t fully funded with sufficient higher taxes. And tax policies that favor debt over equity, abetted by central banks’ ultra-loose monetary and credit policies, has fueled a spike in borrowing in both the private and public sectors.
Years of quantitative easing (QE) and credit easing kept borrowing costs near zero, and in some cases even negative (as in Europe and Japan until recently). By 2020, negative-yielding dollar-equivalent public debt was $17 trillion, and in some Nordic countries, even mortgages had negative nominal interest rates.
The explosion of unsustainable debt ratios implied that many borrowers – households, corporations, banks, shadow banks, governments, and even entire countries – were insolvent “zombies” that were being propped up by low interest rates (which kept their debt-servicing costs manageable). During both the 2008 global financial crisis and the COVID-19 crisis, many insolvent agents that would have gone bankrupt were rescued by zero- or negative-interest-rate policies, QE, and outright fiscal bailouts.
But now, inflation – fed by the same ultra-loose fiscal, monetary, and credit policies – has ended this financial Dawn of the Dead. With central banks forced to increase interest rates in an effort to restore price stability, zombies are experiencing sharp increases in their debt-servicing costs. For many, this represents a triple whammy, because inflation is also eroding real household income and reducing the value of household assets, such as homes and stocks. The same goes for fragile and over-leveraged corporations, financial institutions, and governments: they face sharply rising borrowing costs, falling incomes and revenues, and declining asset values all at the same time.
Worse, these developments are coinciding with the return of stagflation (high inflation alongside weak growth). The last time advanced economies experienced such conditions was in the 1970s. But at least back then, debt ratios were very low. Today, we are facing the worst aspects of the 1970s (stagflationary shocks) alongside the worst aspects of the global financial crisis. And this time, we cannot simply cut interest rates to stimulate demand.
After all, the global economy is being battered by persistent short- and medium-term negative supply shocks that are reducing growth and increasing prices and production costs. These include the pandemic’s disruptions to the supply of labor and goods; the impact of Russia’s war in Ukraine on commodity prices; China’s increasingly disastrous zero-COVID policy; and a dozen other medium-term shocks – from climate change to geopolitical developments – that will create additional stagflationary pressures.
Unlike in the 2008 financial crisis and the early months of COVID-19, simply bailing out private and public agents with loose macro policies would pour more gasoline on the inflationary fire. That means there will be a hard landing – a deep, protracted recession – on top of a severe financial crisis. As asset bubbles burst, debt-servicing ratios spike, and inflation-adjusted incomes fall across households, corporations, and governments, the economic crisis and the financial crash will feed on each other.
To be sure, advanced economies that borrow in their own currency can use a bout of unexpected inflation to reduce the real value of some nominal long-term fixed-rate debt. With governments unwilling to raise taxes or cut spending to reduce their deficits, central-bank deficit monetization will once again be seen as the path of least resistance. But you cannot fool all of the people all of the time. Once the inflation genie gets out of the bottle – which is what will happen when central banks abandon the fight in the face of the looming economic and financial crash – nominal and real borrowing costs will surge. The mother of all stagflationary debt crises can be postponed, not avoided.
end
“He Turned His Back”: Rail Workers Fume After Biden Forces Unions To Accept Deal
One rail worker, Justiun Schaaf, told AP that he had to choose between getting dental work or attending his son’s 7th birthday party.
“Ultimately I decided to take the day off for my kid’s birthday party,” he said, adding “Then when I am finally able to get into the dentist four, five, six months later, the tooth is too bad to repair at that point, so I have to get the tooth pulled out”
According to Schaff, if he had the option of taking a sick day, he “would have never been in that situation.”
In comments after he signed the legislation, Biden acknowledged that more work needs to be done, Fox News reports.
“Look, I know this bill doesn’t have paid sick leave, that these rail workers and, frankly, every worker in America deserves. But that fight isn’t over,” he said.
Roadway mechanic Reece Murtagh was more direct, telling CNN Friday that unionized workers’ collective bargaining rights have been “trampled on.”
“Their voice has not been heard, they voted against the contract,” Murtagh said. “We have a pro-labor president who loves to, you know, pat himself on the back for that, and when the going got tough, he turned his back on the people he’s supposed to be looking out for.” -Fox news
The deal struck by Congress, which is now law, would raise workers’ pay by 24% over five-years, between 2020 and 2024, which includes an immediate payout on average of $11,000 each once ratified. It was approved by eight of the 12 transportation unions involved in the negotiations – with the four dissenting unions arguing that it was unfair because it included insufficient paid-sick leave, of which they wanted seven. Congress nixed that demand from the bill despite efforts by mostly progressive lawmakers to amend the legislation.
“What was negotiated was so much better than anything they ever had,” Biden said during a news briefing alongside French President Emmanuel Macron.
The rail unions said they weren’t able to get more concessions out of the railroads because the big companies knew Congress would intervene and railroads refused to add paid sick days to the deal because they didn’t want to pay much more than a special board of arbitrators appointed by Biden recommended this summer.
In addition, the railroads said that unions have agreed over the years to forego paid sick leave in favor of higher wages and strong short-term disability benefits. -Fox News
“ou hear when you hire out on the railroad you’re going to miss some things. But you’re not supposed to miss everything,” said retired engineer Jeff Kurtz, an active participant in the Railroad Workers United Coalition. “You shouldn’t miss your kids growing up. You shouldn’t miss the seminal moments in your family’s life.”
In the event you missed last night’s thread of The Twitter Files, here it is:
To give a short explainer, the talented Matt Taibbi posted internal Twitter documents around the 2020 presidential election which demonstrated how political operations – such as the Biden presidential campaign and the DNC – petitioned the company to remove “offending” tweets. Twitter complied. The Trump White House would make similar requests, but as Taibbi observe, “this system wasn’t balanced.” Instead, it was based on contacts. And as you can imagine, Twitter’s staff, especially at the highest levels, was far left and supported the Democrats.
What of the other Twitter Files? Elon has promised more transparency and Taibbi posted on his Substack that “there may be a few more big surprises coming.” Catch Taibbi and Walter Kirn, both of whom we’re big fans, explaining the Twitter Files on Episode 15 of “America This Week.”
But there’s a bigger story slowly emerging: the FBI’s involvement in political censorship.
As Miranda Devine observed today, there is much more to be divulged. Specifically, the FBI’s meddling in the 2020 election and the FBI’s pressure of social media companies, including Facebook and Twitter, to essentially censor the Hunter Biden story. It’s the story of FBI Supervisory Special Agent Elvis Chan, who recently testified he was part of that effort:
During the deposition, Chan said that he, along with the FBI’s Foreign Influence Task Force and senior Cybersecurity and Infrastructure Security Agency officials, had weekly meetings with major social media companies to warn against Russian disinformation attempts ahead of the 2020 election, according to a source in the Missouri attorney general’s office.
These FBI warnings had to do with the potential Russian “hack and dump” or “hack and leak” of sensitive materials. And they may have contributed to Twitter’s assessment that the Hunter Biden materials may have been hacked, justifying Twitter’s censorship of the story.
FBI Director Christopher Wray actually took pride in these efforts, admitting to the agency’s involvement with social media companies “to make sure that their platforms are not used by foreign adversaries to spread disinformation and propaganda.” The censorship was directed from the top.
The Response
Not that any of this matters to much of the left. The clichés started once the story was posted. Twitter’s former former head of trust and safety, Yoel Roth, complained that the leaks were essentially “violence” and put the censors in danger.
The media’s response to the Twitter File story was equally predictable and boring. It was a non-story, it was public relations for the world’s richest man. They misrepresented the leak, ignored the merits, downplayed the significance of the Hunter Biden story by focusing on scandalous photos and not corruption and influence peddling and tax evasion and violations of federal law, and criticized Taibbi for posting the story on Twitter. Undertones of jealousy and resentment. As if we expected anything else. If their attacks are anything, they’re unoriginal. By this time we know what they’re gonna say before they say it.
Thankfully, we were able to see the documents for themselves. They’re damning, demonstrating the danger of the political control of social media. The DNC and Biden Team knew they had friends at Twitter who would do their bidding during the election. And Twitter lied to the FEC about that influence.
But that’s just at the surface. There’s something worse underneath it all, hidden from public: governmental influence and coercion over social media platforms, and the lies of the FBI to keep politically damaging – and true – material away from Americans.
It’s the massive “censorship enterprise” by the Federal Government. It’s the one-sided influence operation on American soil. (The CIA would be proud.) It was there in 2016, and it continued through the 2020 election to the emergence of the COVID-19 pandemic and the development of the COVID-19 vaccines. And it’s slowly coming into view.
As thousands of Twitter documents are released on the company’s infamous censorship program, much has been confirmed about the use of back channels by Biden and Democratic officials to silence critics on the social media platform. However, one familiar name immediately popped out in the first batch of documents released through journalist Matt Taibbi: James Baker. For many, James Baker is fast becoming the Kevin Bacon of the Russian collusion scandals.
Baker has been featured repeatedly in the Russian investigations launched by the Justice Department, including the hoax involving the Russian Alfa Bank. When Clinton campaign lawyer Michael Sussmann wanted to plant the bizarre false claim of a secret communications channel between the Trump campaign and the Kremlin, Baker was his go-to, speed-dial contact. (Baker would later testify at Sussmann’s trial). Baker’s name also appeared prominently in controversies related to the other Russian-related FBI allegations against Trump. He was effectively forced out due to his role and reportedly found himself under criminal investigation. He became a defender of the Russian investigations despite findings of biased and even criminal conduct. He was also a frequent target of Donald Trump on social media, including Twitter. Baker responded with public criticism of Trump for his “false narratives.”
After leaving the FBI, Twitter seemed eager to hire Baker as deputy general counsel. Ironically, Baker soon became involved in another alleged back channel with a presidential campaign. This time it was Twitter that maintained the non-public channels with the Biden campaign (and later the White House). Baker soon weighed in with the same signature bias that characterized the Russian investigations.
Weeks before the 2020 presidential election, the New York Post ran an explosive story about a laptop abandoned by Hunter Biden that contained emails and records detailing a multimillion dollar influence peddling operation by the Biden family. Not only was Joe Biden’s son Hunter and brother James involved in deals with an array of dubious foreign figures, but Joe Biden was referenced as the possible recipient of funds from these deals.
The Bidens had long been accused of influence peddling, nepotism, and other forms of corruption. Moreover, the campaign was not denying that the laptop was Hunter Biden’s and key emails could be confirmed from the other parties involved. However, at the request of the “Biden team” and Democratic operatives, Twitter moved to block the story. It even suspended those who tried to share the allegations with others, including the White House press secretary Kayleigh McEnany, who was suspended for linking to the scandal.
Even inside Twitter, the move raised serious concerns over the company serving as a censor for the Biden campaign. Global Comms Brandon Borrman who asked if the company could “truthfully claim that this is part of the policy” for barring posts and suspending users.
Baker quickly jumped in to support the censorship and said that “it’s reasonable for us to assume that they may have been [hacked] and that caution is warranted.”
Keep in mind that there was never any evidence that this material was hacked. Moreover, there was no evidence of Russian involvement in the laptop. Indeed, U.S. intelligence quickly rejected the Russian disinformation claim.
However, Baker insisted that there was a “reasonable” assumption that Russians were behind another major scandal. Faced with a major scandal implicating a Joe Biden in the corrupt selling of access to foreign figures (including some with foreign intelligence associations), Baker’s natural default was to kill the story and stop others from sharing the allegations.
The released documents may show why Twitter was so eager to hire Baker despite his role in the Russian collusion controversies. What likely would have been a liability for most companies seemed an actual draw for Twitter. For censors and political operatives in Twitter, Baker likely seemed like a “made man” for a company committed to systemic censorship. He would be working with the chief legal officer at the company, Vijaya Gadde, who functioned as the company’s chief censor. Gadde was widely reviled by free speech advocates for her dismissal of free speech principles and open political bias.
Not unexpectedly, Gadde and Baker would play prominent roles in the suppression of the Hunter Biden scandal. There was hardly a need to round up “the usual suspects” in the suppression scandal when Musk took over the company. Both lawyers swatted down internal misgivings to bury a story that could well have made the difference in the close 2020 election.
It is striking how many of the figures and institutions involved in Russian collusion claims are within six degrees of James Baker. Not only did Baker work closely with fired FBI director James Comey and other key figures at the Justice Department, but he was an acquaintance of key Clinton figures like Sussmann who pushed the false collusion allegations. He was also hired by Brookings Institution, which also has a curious Bacon-like role in the origins and development of the false Russian collusion allegations.
None of these means that Baker was the driving force of the scandals. To the contrary, Baker earned his bones in Washington as a facilitator, a reliable ally when it came to the business of the Beltway. It is hardly a surprise that Baker found a home at Twitter where “caution” was always “warranted” in dealing with potentially damaging stories for Democratic interests.
Karen Kingston is a biotech analyst and former Pfizer employee who has researched and written about many aspects of the so-called CV19 vaccines. Kingston has uncovered documents that prove everybody knew or should have known the deadly effects of these criminal injections. Kingston says documents with the drug makers, FDA and CDC listed the deadly and debilitating “side effects” of the injections. Kinston shows that vaccine makers gave a list to the FDA of “side effects” or “possible adverse event outcomes” from the injections. Kinston says, “Common side effects should be muscle aches, headaches, fever and pain. With these injections, common side effects are Guillain-Barre, . . . inflammation of your brain and your spinal cord, meningitis, stroke, narcolepsy, anaphylaxis, heart attack, myocarditis, pericarditis, auto immune disease, death, pregnancy and birth outcomes, fetal injuries, fetal mutations, spontaneous abortion. . . and vaccine enhanced disease. . . . So, they knew this was not mild side effects. . . . This is not me speaking. This is literally their documents. . . .This information is just the tip of the iceberg, which show how really sick and perverse these CV19 injections are.”
Kingston asks, “How much longer are doctors going to defend the safety of these injections? Why are people not waking up? Their trusted leaders and their family doctors are telling them these mRNA injections are safe and effective. . . . In legal terms, it is the definition of extrinsic fraud. . . . These are gene editing technologies, and the FDA does not have the right to call these injections a vaccine. They are not even gene therapies because they cause disease, disabilities and death. . . . They are bioweapons.”
Kingston goes on to say, “This is fraud. The claim that these injections are safe and effective are all based on fraud. It is blatant misrepresentation of facts to the American people. This was parroted and repeated to the American people through the mainstream media as well as through all of the healthcare organizations. We are in a real pickle, we really are because those who know the truth are being hammered down, myself included. This is premeditated battery and murder of adults and children. They knew what was going to happen, and they authorized it any way. Keep in mind, your entire medical industrial complex, which includes your local family practitioner, nurses and pediatricians, went along with it. Why? If they were not getting large financial incentives and being pressured to go along with it, they would have never stuck these shots in people’s arms. . . . They were getting peer pressure, and everyone else was doing it. So, how bad could it be? We can’t get caught if we all agree to the lie. Again, this is called extrinsic fraud. Extrinsic fraud is brought against a large population or party when there are many people involved. This is exactly what has happened with these mRNA injections, which are bioweapons. . . . It is a group of people who are all in a club together who agreed to go along with the lie. They got financial incentives, which gave them additional power. . . . They followed the orders of tyranny believing they were going to get away with it. They went against our God-given rights, and they think they are going to get away with it with no costs because they are all in agreement together. They let other people suffer for their gain, and they don’t have to lose their jobs, and they don’t have to miss out on these financial incentives called Covid19. That’s what has happened.”
In closing, Kingston says, “Look, they are burning down the house with you and the baby in it. My concern is that people have been told nothing can stop what is coming. . . . They are going to do what they attempted to do for centuries. . . . We are going to exterminate a lot of humans and enslave the rest of them. . . . There are too many people in power who have been bought and sold. . . . A crime has been brought against all Americans and all of humanity. We have to stand in the truth, and truth in evidence and God and not false idols. I think a lot of people know that they have been fooled, but they have been told you might as well go along with this until the ride is over.”
There is much more in the 1-hour and 7-minute presentation.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with biotech analyst Karen Kingston as she gives a mind-blowing update on the bioweapon injections for 12.3.22.
To look at some of the data and documents Kingston shows to prove the CV19 vax is a criminal act of releasing a bioweapon on an unsuspecting public, go to the kingstonreport@substack.com.
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