JAN 17/GOLD FELL BY $11.45 TO $1907.15//SILVER FELL BY 35 CENTS TO $23.92//PLATINUM FELL $24.05 TO $1043.45//PALLADIUM FELL EVEN FURTHER DOWN $45.15 TO $1745.70//AMBROSE EVANS PRITCHARD: A MUST READ!//SOUTH CHINA MORNING POST: THE EAST IS WEAPONIZING GOLD//COVID COMMENTARIES: JAPAN WITNESSES A HUGE INCREASE IN EXCESS DEATHS AND VACCINE INJURIES: A MUST READ!//VACCINE IMPACT//VACCINE INJURIES//DR PAUL ALEXANDER//SLAY NEWS//JAPAN’S 10 YR BOND YIELD ALREADY EXCEEDS ITS MAXIMUM RISING TO .54% CREATING HAVOC FOR BOND HOLDERS (HUGE LOSSES)//UKRAINE VS RUSSIA UPDATES//MIKE WHITNEY A MUST READ//USA UPDATES ON THE DOCUMENT SCANDAL//GOLDMAN SACHS REPORTS POOR RESULTS AND OFFERS POOR FUTURE GUIDANCE//SWAMP STORIES FOR YOU TONIGHT//

jan 17 · by harveyorgan · in Uncategorized · Leave a comment·Edit

GOLD PRICE CLOSED: DOWN $11.45 at $1907.15

SILVER PRICE CLOSED: DOWN $0.35  to $23.92

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1908.10

Silver ACCESS CLOSE: 23.91

Bitcoin morning price:, 21,201 UP 1803 DOLLARS (RANSOM MONEY REASON FOR RISE)   

Bitcoin: afternoon price: $21353 UP 1955  dollars

Platinum price closing  $1043.45 DOWN $24.05

Palladium price; closing 1745,70 DOWN $45.15

END

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS

CANADIAN GOLD: $2569.98 DOWN $15.23 CDN dollars per oz

BRITISH GOLD: 1552.54 DOWN 18.43 pounds per oz

EURO GOLD: 1768.43 DOWN 2.54  euros per oz

EXCHANGE: COMEX

 EXCHANGE: COMEX

CONTRACT: JANUARY 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,918.400000000 USD
INTENT DATE: 01/13/2023 DELIVERY DATE: 01/18/2023
FIRM ORG FIRM NAME ISSUED STOPPED


435 H SCOTIA CAPITAL 73
657 C MORGAN STANLEY 1
661 C JP MORGAN 23 1
880 H CITIGROUP 96


TOTAL: 97 97

JPMorgan stopped 1/97

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GOLD: NUMBER OF NOTICES FILED FOR JAN/2023. CONTRACT:   97 NOTICES FOR 9700  OZ  or  .3017 TONNES

total notices so far: 2240 contracts for 224000 oz (6.967 tonnes)

 

SILVER NOTICES: 29 NOTICE(S) FILED FOR 145,000 OZ/

 

total number of notices filed so far this month  865 for 4,325,000  oz



END

GLD

WITH GOLD DOWN $11.45

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD//NO CHANGES IN GOLD INVENTORY AT THE GLD: //

INVENTORY RESTS AT 912.14 TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 35 CENTS

AT THE SLV// :/NO CHANGES IN SILVER INVENTORY AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 506.200 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 GIGANTIC SIZED 1972 CONTRACTS TO 131,733 AND CLOSER TO  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR  $0.46 GAIN IN SILVER PRICING AT THE COMEX ON FRIDAY.  FOR THE PAST WEEK, OUR BANKERS HAVE RETURNED TO BEING NET SHORT AND THUS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.46 AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A GIGANTIC GAIN ON OUR TWO EXCHANGES OF 2355 CONTRACTS. AS WELL, WE HAD ZERO  EXCHANGE FOR RISK TRANSFER ( 0 CONTRACTS) AS THE TOTAL ISSUED IN THIS CATEGORY SO FAR THIS MONTH TOTAL 3.75 MILLION OZ.  WE HAVE FINISHED WITH OUR SPECS BEING SHORT AS THEY COVERED WITH THE RISE IN PRICE .  WE HAVE NOW RETURNED TO OUR USUAL AND CUSTOMARY SCENARIO: BANKERS SHORT AND SPECS LONG .AND AS USUAL OUR REMAINING SPEC SHORTS GOT BEATEN UP AGAIN.

WE  MUST HAVE HAD: 
A SMALL  ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT  4,055. MILLION OZ FOLLOWED BY TODAY’S QUEUE. JUMP   OF 95,000 OZ//NEW STANDING 4.350 MILLION OZ + 3.75 MILLION OF EXCHANGE FOR RISK//  V)   GIGANTIC SIZED COMEX OI GAIN/ SMALL EFP ISSUANCE/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL  –101

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

TOTAL CONTRACTS for 10 days, total 4780 contracts:   OR 23.950  MILLION OZ PER DAY. (478 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 23.95 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, 61.395 MILLION OZ FINAL

JAN 2023///   23.95 MILLION OZ

RESULT: WE HAD A GIGANTIC SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1972 WITH OUR   $0.46 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,.  THE CME NOTIFIED US THAT WE HAD A SMALL  SIZED EFP ISSUANCE  CONTRACTS: 282 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 JAN OF  4.055 MILLION  OZ FOLLOWED BY TODAY’S 95,000 OZ. JUMP  /  //NEW STANDING INCREASES TO 4.350 MILLION OZ + EFR 3.75 MILLION = 8.100 MILLION OZ.  .. WE HAVE A HUGE SIZED GAIN OF 2254 OI CONTRACTS ON THE TWO EXCHANGES FOR 11,27 MILLION  OZ.. THE SILVER SHORTS HAVE BEEN HURT BADLY WITH SILVER’S HUGE RISE LATELY.

 WE HAD  29  NOTICE(S) FILED TODAY FOR  145,000   OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE  BY A VERY STRONG SIZED 10.855  CONTRACTS  TO 497,693 AND CLOSER TO  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: REMOVED 1719  CONTRACTS.

.

THE GIGANTIC SIZED INCREASE  IN COMEX OI (10,855 CONTRACTS) CAME WITH OUR   $22.90 GAIN IN PRICE. WE ALSO HAD A SMALL INITIAL STANDING IN GOLD TONNAGE FOR JAN. AT 2.1710 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 505 CONTRACTS OR 50,500 OZ  //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S ) (EFP is the transfer of  contracts immediately to London for potential gold deliveries originating from London). NEW STANDING 8.2861 TONNES

YET ALL OF..THIS HAPPENED WITH OUR  $22.90 GAIN IN PRICE  WITH RESPECT TO THURSDAY’S TRADING

WE HAD A GIGANTIC SIZED GAIN OF 16,417 OI CONTRACTS (51 .063 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 3843 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 497,693

IN ESSENCE WE HAVE A GIGANTIC SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 14,698 CONTRACTS  WITH 10,855 CONTRACTS INCREASED AT THE COMEX AND 3843 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 14,698 CONTRACTS OR 45.72 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3843 CONTRACTS) ACCOMPANYING THE  GIGANTIC SIZED GAIN IN COMEX OI (10,855) TOTAL GAIN IN THE TWO EXCHANGES 14,698 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR NORMAL FORMAT OF BANKERS GOING SHORT AND SPECULATORS GOING LONG  ,2.) SMALL INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 2.1710 TONNES FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 50500 OZ /NEW STANDING 8.2861 TONNES///3) ZERO LONG LIQUIDATION //4)    GIGANTIC SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023 INCLUDING TODAY

JAN

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

28,146  CONTRACTS OR 2,814,600 OZ OR 87.54 TONNES 10 TRADING DAY(S) AND THUS AVERAGING: 2815 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES:87.54   TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  87.54/3550 x 100% TONNES  2.46% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 202

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

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

MARCH:.   276.50 TONNES (STRONG AGAIN/

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

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

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

DEC.           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:  185.59 tonnes // FINAL

JAN 2023:    87.54 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  ACTIVE FRONT MONTH OF FEB. WE ARE NOW INTO THE SPREADING OPERATION OF BOTH GOLD (

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

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (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, ROSE BY A GIGANTIC SIZED 1972 CONTRACTS OI TO  131,733 AND CLOSER TO 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 400 CONTRACTS

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

MAR  282 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 282 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN  OF 1972  CONTRACTS AND ADD TO THE  282 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE GAIN OF 2254 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. 

THUS IN OUNCES, THE GAIN  ON THE TWO EXCHANGES 11.27 MILLION OZ//

OCCURRED DESPITE OUR 46 CENT GAIN IN PRICE ….. OUR SPEC SHORTS HAVE NOWHERE TO HIDE!

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

end

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

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

end

5. Other gold/silver commentaries

6. Commodity commentaries//CORN

7/CRYPTOCURRENCIES/BITCOIN ETC

3. ASIAN AFFAIRS

i)TUESDAY MORNING//MONDAY  NIGHT

SHANGHAI CLOSED UP 3.35 PTS OR 0.10%   //Hang Seng CLOSED DOWN 169.08 PTS OR 0.78%     /The Nikkei closed UP 316.36 PTS OR 1.23%            //Australia’s all ordinaries CLOSED DOWN 0.10%   /Chinese yuan (ONSHORE) closed DOWN TO 6.7761//OFFSHORE CHINESE YUAN DOWN TO 6.7839//    /Oil UP TO 80.19 dollars per barrel for WTI and BRENT AT 85.62   / Stocks in Europe OPENED ALL RED         ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER

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 ROSE BY A VERY STRONG SIZED 12,574 CONTRACTS UP TO 499,412 WITH OUR  GAIN IN PRICE OF $22.90

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 3843 EFP CONTRACTS WERE ISSUED:  ;: ,  . 0 FEB: 3843 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  3843   CONTRACTS 

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A GIGANTIC SIZED  TOTAL OF 16,417 CONTRACTS IN THAT 3843 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A VERY STRONG SIZED  COMEX OI GAIN OF 12,574 CONTRACTS..AND  THIS HUGE SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN  IN PRICE OF $22.90. WE ARE NOW WITNESSING THE BANKERS GOING NET SHORT AND THE SPECS GOING NET LONG AS THE SPEC SHORT FOLLY  HAS ENDED.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING Jan  (8.2861)

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. 64.541 tonnes

JAN/2023: 8.2861 tonnes

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE $22.90)  //// AND WERE  UNSUCCESSFUL IN KNOCKING ANY  SPECULATOR LONGS AS WE HAD A GIGANTIC GAIN OF 16,417 CONTRACTS ON OUR TWO EXCHANGES  //    WE HAVE GAINED A TOTAL OI  OF 51.063PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR JAN. (2.1710 TONNES) FOLLOWED BY TODAY’S QUEUE JUMP OF 50,500 oz  OR 1.5707 TONNES…THIS WAS ACCOMPLISHED WITH OUR RISE IN PRICE  TO THE TUNE OF $22.90.  

WE HAD – 1719 CONTRACTS  COMEX TRADES REMOVED FROM OPEN INTEREST AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 16,417 CONTRACTS OR 1,641,700 OZ OR 51.043 TONNES

Estimated gold comex today 285,077//good//

final gold volumes/yesterday  317,432///good

INITIAL STANDINGS FOR  JAN 2023 COMEX GOLD //JAN 17//

GoldOunces
Withdrawals from Dealers Inventory in oz
 nil
Withdrawals from Customer Inventory in oz nil oz




 




.

 








 









 
Deposit to the Dealer Inventory in oznil oz
Deposits to the Customer Inventory, in oz
nil  oz
No of oz served (contracts) today97 notice(s)
9700 OZ
0.3017 TONNES
No of oz to be served (notices)  424 contracts 
  42,400 oz
1.3188 TONNES

 
Total monthly oz gold served (contracts) so far this month 2240  notices
224000
6.967 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthxxx oz

i)Dealer deposits: 0

total dealer deposit:  nil oz

No dealer withdrawals

Customer deposits: 0

total deposits: nil oz

 customer withdrawals: 0

Total withdrawals: nil oz

total  0 oz

total in tonnes: 0  tonnes

Adjustments:0   

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 521 contracts having gained 391  contracts

We had 114 notices served on Friday, so we gained 505 contracts or an additional 50500 oz(1.5707 tonnes) will stand for delivery in this

very non active delivery month of January.  (queue jump) 

February lost  15,822  contacts  to 255,708

March LOST 73 contracts to stand at 721.

April gained 23,571 contracts up to 188.560.

We had 97  notice(s) filed today for 9700 oz 

Today, 0 notice(s) were issued from J.P.Morgan dealer account and  23  notices were issued from their client or customer account. The total of all issuance by all participants equate to  97  contract(s) of which 0   notices were stopped (received) by  j.P. Morgan dealer and 1  notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the JAN. /2023. contract month, 

we take the total number of notices filed so far for the month (2240 x 100 oz , to which we add the difference between the open interest for the front month of  (JAN.521 CONTRACTS)  minus the number of notices served upon today  97 x 100 oz per contract equals 266,400 OZ  OR 8.2861 TONNES the number of TONNES standing in this    non active month of January. 

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

No of notices filed so far (2240 x 100 oz+   (521 OI for the front month minus the number of notices served upon today (97} x 100 oz} which equals 266,400 oz standing OR 8.2861 TONNES in this NON  active delivery month of JAN..

TOTAL COMEX GOLD STANDING: 8.2861 TONNES  (A STRONG STANDING FOR METAL//COMEX RUNNING OUT OF PHYSICAL TO SERVE UPON OUR LONGS.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

we had one adjustment of 110,631.591 oz Brinks

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 o

total pledged gold:  1,956,708.688 OZ   60.861 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED:  22,781,209.077 OZ  

TOTAL REGISTERED GOLD:  11,077,098.948 OZ     (344,54 tonnes)..dropping fast

TOTAL OF ALL ELIGIBLE GOLD: 11,704,110.129 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 9,120,390 OZ (REG GOLD- PLEDGED GOLD) 283,68 tonnes//rapidly declining 

END

SILVER/COMEX

JAN 17/2023//INITIAL JAN. SILVER CONTRACT

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory932,426.680 oz
CNT
Delaware
Loomis





























 










 
Deposits to the Dealer Inventorynil OZ
Deposits to the Customer Inventory716,334,659 oz
HSBC














 











 
No of oz served today (contracts)29 CONTRACT(S)  
 (145,000 OZ)
No of oz to be served (notices)5 contracts 
(25,000 oz)
Total monthly oz silver served (contracts)865 contracts
 (4,325,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month


i)  0 
dealer deposit

total dealer deposits:  nil   oz

i) We had 0 dealer withdrawal

total dealer withdrawals:  oz

We have 1 deposits into the customer account

i)Into HSBC:  716,334,659 oz

Total deposits: 716,334.659 oz 

JPMorgan has a total silver weight: 151.997 million oz/295.343 million =51.47% of comex .//dropping fast

  Comex withdrawals: 3

i) Out of CNT: 740,408.390 oz

ii) Out of Delaware 955.900 oz

iii) Out of Loomis:  191,062.390 oz

Total withdrawals; 932,426.680 oz

adjustments: 0

the silver comex is in stress!

TOTAL REGISTERED SILVER: 33.195 MILLION OZ (declining rapidly).TOTAL REG + ELIG. 295.343 MILLION OZ 

CALCULATION OF SILVER OZ STANDING FOR JAN

silver open interest data:

FRONT MONTH OF JAN/2023 OI: 34  CONTRACTS HAVING GAINED 3  CONTRACT(S.). WE HAD 16 NOTICES

FILED ON FRIDAY SO  WE GAINED 19 CONTRACT(S) OR 95,000 OZ QUEUE JUMP  BY THE BANKERS TO OBTAIN SOME SILVER OVER HERE. 

FEB> GAINED 2 CONTRACTS TO 196 CONTRACTS

March GAINED 11147 CONTRACTS UP TO 110,414 contracts

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 29 for  145,000 oz

Comex volumes// est. volume today  84,581//strong  

Comex volume: confirmed yesterday: 62,980 contracts ( fair)

To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at 865 x  5,000 oz = 4,325,000 oz 

to which we add the difference between the open interest for the front month of JAN(34) and the number of notices served upon today 29 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the JAN./2023 contract month: 865 (notices served so far) x 5000 oz + OI for the front month of JAN (34 – number of notices served upon today (29) x 500 oz of silver standing for the JAN. contract month equates 4.350 million oz  + 3.75 MILLION OZ ( EXCHANGE FOR RISK) = 8.100MILLION OZ//(TOTAL OZ OF SILVER STANDING).

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

Comex volumes:59,231// est. volume today//   good

Comex volume: confirmed yesterday: 76,646 contracts ( very good)

END

GLD AND SLV INVENTORY LEVELS

JAN 17/WITH GOLD DOWN $11.45 TODAY; NO  CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 912.14 TONNES

JAN 13/WITH GOLD UP $22.90 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .29 TONNES FROM THE GLD///INVENTORY RESTS AT 912.14 TONNES

JAN 12/WITH GOLD UP $20.55 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES FROM THE GLD///INVENTORY RESTS AT 912.43 TONNES

JAN 11/WITH GOLD UP $1.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 914.17 TONNES

JAN 10/WITH GOLD UP $1.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 915.33 TONNES

JAN 9/WITH GOLD UP $ 8.60 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.44 TONNES FROM THE GLD//.//INVENTORY RESTS AT 915.33 TONNES

JAN 6/WITH GOLD UP $28.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 916.77 TONNES

JAN 5/WITH GOLD DOWN $17.05 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES FORM THE GLD////INVENTORY RESTS AT 916.77 TONNES

JANUARY 4/WITH GOLD UP $32.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 917.64 TONNES

JAN 3/WITH GOLD UP $20.00 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD:STRANGE: A WITHDRAWAL OF .87 TONNES FORM THE GLD////INVENTORY RESTS AT 917.64 TONNES

DEC 30/WITH GOLD UP $.80 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 918.51 TONNES

DEC 29//WITH GOLD UP $8.35 TODAY:; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 918.51 TONNES

DEC 28/WITH GOLD DOWN $6.80 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE DEPOSIT OF 5.50 TONNES INTO THE GLD..//INVENTORY REST S AT 918.51 TONNES

DEC 27/WITH GOLD UP $18.15 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 913.01 TONNES

DEC 23/WITH GOLD UP $19,15 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 913.88 TONNES/

DEC 22/WITH GOLD DOWN $29.35 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 913.88 TONNES

DEC 21/WITH GOLD FLAT TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.74 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 913.88 TONNES

DEC 20/WITH GOLD UP $27.05: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.73 TONNES INTO THE GLD////INVENTORY RESTS AT 912.14 TONNES

DEC 19/WITH GOLD DOWN $2.10: HUGE CHANGES IN GOLD INVENTORY AT THE GLD> A BIG WITHDRAWAL OF 3.47 TONNES FROM THE GLD//INVENTORY RESTS AT 910.41 TONNES

DEC 16/WITH GOLD UP $12.45: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES INTO THE GLD//INVENTORY RESTS AT 913.88 TONNES

DEC 15//WITH GOLD DOWN $31.00: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 911.56 TONNES

DEC 14/WITH GOLD DOWN $6.20: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 912.72 TONNES

DEC 13/WITH GOLD UP $32.75: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.32 TONNES INTO THE GLD///INVENTORY RESTS AT 910.41

DEC 12/WITH GOLD DOWN $17.60: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.09 TONNES

DEC 9/WITH GOLD UP $8.90//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.09 TONNES

Dec 8/WITH GOLD UP $4.05, OVER THE PAST 3 WEEKS WE LOST 2.04 TONNES//INVENTORY RESTS AT 908.09 TONNES

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

GLD INVENTORY: 912.14  TONNES

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

JAN 17/WITH SILVER DOWN 35 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 506.200 MILLION OZ//

JAN 13/WITH SILVER UP 46 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.5 MILLION OZ FROM THE SLV..//INVENTORY RESTS AT 506.200 MILLION OZ//

JAN 12/WITH SILVER UP 44 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 508.700 MILLION OZ/

JAN 11/WITH SILVER DOWN 17 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 508.700MILLION OZ

JAN 10/WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.65 MILLION OZ

JAN 9/WITH SILVER DOWN 9 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.65 MILLION OZ//

JAN 6/WITH SILVER UP 54 CENTS TODAY;BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.20 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 509.65 MILLION OZ//

JAN 5/WITH SILVER DOWN 50 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.10 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 505.45 MILLION OZ//

JAN 4/WITH SILVER DOWN 26 CENTS TODAY; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.3 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 506.55 MILLION OZ/

JAN 3/WITH SILVER UP 24 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: STRANGE: A WITHDRAWAL OF 1.2 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 507.85 MILLION OZ/

DEC 30/WITH SILVER DOWN 21 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.050 MILLION OZ

DEC 29/ WITH SILVER UP $0.63 TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 509.050 MILLION OZ

DEC 28//WITH SILVER DOWN 46 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.715 MILLION OZ INTO THE SLV///..INVENTORY RESTS AT 509.050 MILLION OZ

DEC 27/WITH SILVER UP 34 CENTS TODAY; SMALL CHANGES IN SILVER INVENTORY AT THE SLV/A WITHDRAWAL OF 550,000 OZ OF SILVER FROM THE SLV////INVENTORY RESTS AT 507.350 MILLION OZ//

DEC 23/WITH SILVER UP 29 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT507.900 MILLION O//

DEC 22/WITH SILVER DOWN 53 CENTS TODAY;NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 507.90 MILLION OZ//

DEC 21/WITH SILVER DOWN 9 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.0 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 507.90 MILLION OZ//

DEC 20/WITH SILVER UP 105 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV:: A DEPOSIT OF 700,000 OZ INTO THE SLV///INVENTORY RESTS AT 509.90 MILLION OZ//

DEC 19/WITH SILVER DOWN 13 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.05 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 509.20 MILLION OZ//

DEC 16/WITH SILVER UP 2 CENTS; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.85 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 508.15 MILLION OZ//

DEC 15/WITH SILVER DOWN 78 CENTS: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF EXACTLY 2.00 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 510.000 MILLION OZ

DEC 14/WITH SILVER UP 7 CENTS: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.7 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 512.000 MILLION OZ//

DEC 13/WITH SILVER UP 59 CENTS: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 600,000 OZ FROM THE SLV////INVENTORY RESTS AT 513.900 MILLION OZ//

DEC 12/WITH SILVER DOWN 33 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 514.500 MILLION OZ//

DEC 9/WITH SILVER RISING 77 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.2 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 514.500 MILLION OZ.

DEC 8/WITH SILVER RISING 34 CENTS TODAY: OVER THE PAST 3 WEEKS, WE HAVE GAINED A STRONG: 44.777 MILLION OZ/INVENTORY RESTS AT 516.700 MILION OZ.

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//

CLOSING INVENTORY 506.200 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

1:Peter Schiff

Peter Schiff: The Recession Everybody Denies Exists Is Going To Get Worse

MONDAY, JAN 16, 2023 – 01:20 PM

Via SchiffGold.com,

Peter Schiff recently appeared on Dan Bongino’s Unfiltered on Fox News to talk about the economy, inflation, the stock market, the Federal Reserve and investing in 2023. Peter said the recession that everybody denies exists is going to get worse, and so is inflation.

Some people in the mainstream seem to think a big stock market rally is in the cards. Peter said the optimism is unfounded.

I don’t think it’s going to be a good year for the stock market. I think there are going to be some stocks that do well. Unfortunately, most Americans don’t own those stocks.”

Peter said the ones that most investors do own are going to go down.

The very popular stocks that a lot of people have crowded into during the bubble – these stocks, even though they’ve come down a lot in 2022, they still have a long way to fall. And I think there’s a lot of risk in 2023, not just in the market, but in the economy.

Bongino referenced an op-ed in the New York Post by Ken Fisher arguing that the bad news, especially in the job market, is already written into the script and priced into the market. That means we may well have a “summer of love” in the stock market with a healthy rebound. Peter said people are underestimating just how bad the news is going to get.

First of all, a lot of people think inflation is going to come down. It’s not. I think the decline is what’s transitory. I think we’re going to be making new year-over-year highs in inflation before the end of the year.”

Peter has been arguing that a declining dollar and an ultimate Fed pivot away from monetary tightening will mean more inflation down the road, even if we get some relief in the CPI over the next few months. He drove this point home in a recent podcast.

That is the really important point that seems to be lost on everybody. What investors are trying to figure out is ‘has inflation peaked?’ Have we seen peak inflation? Now, I think the answer to that question is no. I don’t think inflation has peaked. Now, it may have peaked for a short period of time. It may take until the second half of 2023 before we get a year-over-year rate of inflation that was higher than the high water mark for 2022. Who knows? Maybe it will take into 2024. But the one thing that I’m certain of is that we’re not going anywhere near 2%. And that is what investors still don’t understand — that the days of low inflation are over, and we’re living in an era of high inflation. That is a complete game-changer for the Fed and the Fed has yet to come to terms with this new reality, nor has the market.”

And during his discussion with Bongino, Peter said the notion the economy is about to rebound is nothing but a fantasy.

The recession that everybody denies exists is actually going to get worse. So, we’re going to have a weaker economy and stronger inflation. The markets are not expecting that, and neither is the Fed.”

end

2 Lawrie Williams//Pam and Russ Martens/Jim Rickards/Mathew Piepenburg/Von Greyerz//Rickards:

END

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

For those who missed this on Friday:

Russian bank’s digital gold may lead to gold payment for commodities, Maguire says

Submitted by admin on Fri, 2023-01-13 21:24Section: Daily Dispatches

9:22p ET Friday, January 13, 2023

Dear Friend of GATA and Gold:

The digital tokens for gold now being issued by Russia’s Sberbank may clear a path for the use of gold for payment for commodities in Russia, London metals trader Andrew Maguire says in this week’s “Live from the Vault” program from Kinesis Money.

Meanwhile, Maguire says, the derivatives structure of the London and New York gold and silver markets is cracking as paper increasingly is being converted to real metal under pressure of “Basel 3” regulations.

The interview is 38 minutes long and can be viewed at YouTube here:

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

end

Tennessee legislators want sound money so they are proposing a state bullion depository similar

to the Alabama depository. 

Tennessee legislators propose a state bullion depository

Submitted by admin on Fri, 2023-01-13 20:15Section: Daily Dispatches

From Money Metals News Service
Eagle, Idaho
Thursday, January 12, 2023

Building on the success of passing a full sales tax exemption on precious metals (HB 1874 and SB 1857) in 2022, lawmakers in Tennessee have set their sights on another pro-sound money effort: an in-state bullion depository.

Sen. Frank Niceley has introduced Senate Bill 150, the Tennessee Bullion Depository Act. It would establish a depository to operate either exclusively or nonexclusively as a precious metals depository and may be held and operated privately. A House version of the bill, sponsored by Rep. Bud Hulsey, is expected to be introduced soon

Sen. Niceley and Rep. Hulsey are champions of sound money, earning them the 2022 Sound Money Legislator of the Year award last year for their work on eliminating Tennessee’s state sales tax on gold and silver.

The depository would serve as the custodian, guardian, and administrator of certain bullion and specie that may be deposited with the depository by the State of Tennessee, a political subdivision, another instrumentality of the state, or by a private individual, party, or other entity. …

… For the remainder of the report:

https://www.moneymetals.com/news/2023/01/12/tennessee-lawmakers-introduce-tennessee-bullion-depository-act-002655

end

Interesting: JPMorgan may move into gold/silver clearing in Zurich

(zerohedge)

Gold giant JPMorgan may move into precious metals clearing in Zurich

Submitted by admin on Sat, 2023-01-14 10:14Section: Daily Dispatches

By Eddie Spence
Bloomberg News
Thursday, January 12, 2023

JPMorgan Chase & Co. is looking to start clearing precious metals trades in Zurich, something that for years has been dominated by just two Swiss banks.

The lender may begin to offer to settle its clients’ trades using metal located in Zurich, according to people familiar with the matter who asked not to be identified as the information is private. 

So-called loco Zurich transactions have long been almost exclusively handled by UBS Group AG and Credit Suisse Group AG. …

JPMorgan is looking to clear trades in Zurich for gold, silver, platinum, and palladium, the people said.

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2023-01-12/gold-giant-jpmorgan-may-move-into-precious-metals-clearing-in-zurich

end

A must view:  China and Russia are weaponizing gold in their fight with USA hegemony and dollar supremacy

(South China Morning Post)

South China Morning Post: China and Russia are ‘almost certainly’ weaponizing gold

Submitted by admin on Sat, 2023-01-14 18:36Section: Daily Dispatches

Move Over, Cryptocurrency — Gold Could Have the Last Laugh This Year

By Anthony Rowley
South China Morning Post, Hong Kong
Sunday, January 15, 2023

There has been considerable excitement in the gold market lately with the price touching US1,900 an ounce last year and appearing likely to breach US$2,000 before long. But what is happening below the radar with the huge buildup of central bank gold holdings is of greater interest.

The People’s Bank of China and Russia’s central bank have been buying heavily, and while this may appear to be little more than shrewd, given that inflation is set to continue rising (even if at a slowing pace), these purchases have wider monetary and strategic significance.

They signify further challenges to the global financial and monetary order in 2023 as China and Russia seek, for their own separate reasons, to counter what has in effect become a tyranny of dollar domination. And they point to growing distrust and geopolitical tension between major economic powers. …

So, given that these two countries together represent a major force in global gold holdings as well as production, what are the likely implications of the relatively sudden buildup of gold reserves by their central banks? Are they “weaponising” the precious metal? Almost certainly, yes, and what more effective time to do so than when inflation is eroding the value of paper currencies (the dollar included), cryptocurrencies are losing their appeal as a supposed new form of “digital gold,” and investment demand for gold is rising? …

… For the remainder of the report:

https://www.scmp.com/comment/opinion/article/3206560/move-over-cryptocurrency-gold-could-have-last-laugh-year

end

Zimbabwe discovers that real gold actually works.  The iMF naturally wants to stop its use:

(Bloomberg)

Zimbabwe discovers its gold money may work; IMF wants it to stop

Submitted by admin on Mon, 2023-01-16 11:09 Section: Daily Dispatches

Zimbabwe’s Gold Coins Sell Above $2,000 Each For The First Time

By Ray Ndlovu and Rene Vollgraaff
Bloomberg News
Monday, January 16, 2023

https://www.bloomberg.com/news/articles/2023-01-16/zimbabwe-s-gold-coins-sell-above-2-000-each-for-the-first-time

Zimbabwe’s gold coins introduced in July are selling above $2,000 for the first timE

The central bank introduced the gold coins to halt a collapse of the Zimbabwean dollar and to help ease demand for U.S. dollars. Smaller units were brought into circulation in November.

The International Monetary Fund urged authorities last month to wind down the use of the gold coins and to use appropriate interest-bearing instruments to carry out monetary policy

END

Schectman states that the world is turning towards monetary metals and commodities and away from the uSA day

Dunagun Kaiser/Liberty/Schectman)

Bullion dealer Schectman reviews trend away from dollar, praises GATA

Submitted by admin on Mon, 2023-01-16 11:54Section: Daily Dispatches

11:53a ET Monday, January 16, 2023

Dear Friend of GATA and Gold:

Interviewed last week by Dunagun Kaiser of Liberty and Finance, Andy Schectman of coin and bullion dealer Miles Franklin reviewed the world’s steady migration toward the monetary metals and commodities and away from the U.S. dollar in anticipation of a transformation of the international financial system. Schectman also discusses what he considers excessive premiums for U.S. silver eagle coins as compared with other silver products.

Schectman offers extravagant praise for GATA’s work exposing manipulation of the monetary metals markets and challenging governments and mainstream news organizations.

The interview is an hour long and can be viewed at YouTube here: 

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

end

We now have evidence of the gold for oil policy: Ghana is to receive 41,000 metric tonnes of fuel for 40 million dollars worth of gold.(20909 oz or.65 tonnes )

(Graphic Online Accra/Ghana)

41,000 metric tonnes of fuel delivered to Ghana in exchange for gold

Submitted by admin on Mon, 2023-01-16 14:15Section: Daily Dispatches

By Donald Ato Dapatem
Graphic Online, Accra, Ghana
Monday, January 16, 2023

The first consignment from the gold-for-oil policy of the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and been discharged into the receptacles of Bulk Oil Storage and Transportation Co. (BOST), Graphic Online has gathered.

The 41,000 metric tonnes of the petroleum products delivered by SCF YENISEI would be sold by BOST to bulk distributing companies (BDCs) around Ghana, a source has told Graphic Online.

Valued at $40 million, the shipment was brokered by the Economic Management Team led by Vice President Mahamudu Bawumia.

In November 2022 the government announced plans to buy oil products with gold rather than U.S. dollars.

Vice President Bawumia said the move was meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which was weakening the local cedi and increasing living costs.

“It will fundamentally change our balance of payments and significantly reduce the persistent depreciation of our currency,” Bawumia said.

He added that using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products.

According to a Graphic Online source associated with the process, the first consignment cost $40 million worth of gold. …

… For the remainder of the report:

https://www.graphic.com.gh/news/general-news/ghana-s-gold-swap-for-oil-40-000-metric-tonnes-of-fuel-under-policy-delivered.html

 end

Sound money legislation introduced in Mississippi

(MMNews)

Sound money legislation introduced in Mississippi

Submitted by admin on Mon, 2023-01-16 21:57Section: Daily Dispatches

From Money Metals News Service
Eagle, Idaho
Monday, January 16, 2023

Lawmakers in Jackson, Mississippi, have just introduced legislation to exempt gold and silver coins, bars, and rounds from the state’s sales tax. 

Rep. Jill Ford has reintroduced House Bill 508 at the beginning of the 2023 session.

This year’s legislative effort seeks to build on last year’s momentum. Last year Ford’s sales tax exemption bill passed out of the Mississippi House of Representatives overwhelmingly but it missed a deadline in the Senate needed to receive a hearing.

Two similar Mississippi bills have already been introduced this session (HB 23 and SB 2019).

Imposing taxes on the exchange of Federal Reserve notes for monetary metals (gold and silver) has become an unusual and outmoded practice in the United States. Only eight states still engage in it. …

… For the remainder of the report:

https://www.moneymetals.com/news/2023/01/16/sound-money-measures-introduced-in-mississippi-002659

end

4. Other gold/silver commentaries

article in full:

South China Morning Post: China and Russia are ‘almost certainly’
weaponizing gold


Move Over, Cryptocurrency — Gold Could Have the Last Laugh This
Year

By Anthony Rowley
South China Morning Post, Hong Kong
Sunday, January 15, 2023

There has been considerable excitement in the gold market lately
with the price touching US1,900 an ounce last year and appearing
likely to breach US$2,000 before long. But what is happening
below the radar with the huge buildup of central bank gold
holdings is of greater interest





The People’s Bank of China and Russia’s central bank have been
buying heavily, and while this may appear to be little more than
shrewd, given that inflation is set to continue rising (even if
at a slowing pace), these purchases have wider monetary and
strategic significance.

They signify further challenges to the global financial and
monetary order in 20 23 as China and Russia seek, for their own
separate reasons, to counter what has in effect become a tyranny
of dollar domination. And they point to growing distrust and
geopolitical tension between major economic powers. …

So, given that these two countries together represent a major
force in global gold holdings as well as production, what are the
likely implications of the relatively sudden buildup of gold
reserves by their central banks? Are they “weaponising” the
precious metal? Almost certainly, yes, and what more effective
time to do so than when inflation is eroding the value of paper
currencies (the dollar included), cryptocurrencies are losing
their appeal as a supposed new form of “digital gold,” and
investment demand for gold is rising? …

… For the remainder of the report:

https://www.scmp.com/comment/opinion/article /3206560/move-over-
cryptocurrency-gold-could-have-last-laugh-year

end

Commodity commentaries//GLOBAL FREIGHT

END

IMPORTANT COMMENTARIES ON COMMODITIES:COPPER

With China opening its economy up, copper should benefit.

(ING Economics)

China Reopening Boosts Copper Outlook

MONDAY, JAN 16, 2023 – 08:20 PM

By Ewa Manthery of ING Economics

Copper jumped above $9,000/t for the first time since June at the beginning of 2023 on optimism about China’s economy, after Beijing abandoned its zero-Covid policy.

We believe there is more upside for copper prices as demand in China picks up after the Lunar New Year holiday at the end of this month.

Copper benefits from zero-Covid exit

Copper has been rallying since late November amid a series of supportive policies in China and Beijing’s abrupt abandonment of Covid controls. The red metal has also received support from the weaker US dollar, which slid to a near seven-month low recently on growing expectations for a less hawkish Federal Reserve after cooler inflation and employment data.

In our November outlook, we said China remained the big question mark for the copper market going forward. There have been important developments since then, with China making a full U-turn on its zero-Covid strategy.

The virus was officially downgraded on 8 January when international arrivals were no longer required to quarantine.

China’s lifting of Covid measures will, in time, help the economy to normalise, our China economist believes. But we can expect the short-term to be dominated by the very high level of Covid cases, which have come at a time when the economy is already very weak.

Looking at other economies in the region which have suffered similar severe waves of Covid (India’s Delta wave) we would expect this wave to last no more than three months at which time the economy could start to revert to a more normal footing. Zeng Guang, the former chief scientist at the Chinese Centre for Disease Control and Prevention, has recently said that China’s Covid outbreak could continue for another two to three months.

However, this could also coincide with the US and Europe entering recession, which will weigh on any manufacturing recovery and export growth even as China’s domestic issues abate.

We believe, for copper, China’s Covid policy change should prove supportive for demand in the medium to long run, although rising Covid infections could weigh on demand in the immediate term.

Copper is rising on China reopening, slower Fed rate hikes

Property stimulus improves confidence

Beijing has released a raft of policy measures in recent weeks which have increased confidence that the economy is stabilising, improving the outlook for industrial metals, including copper. For almost two decades, China’s property sector growth and the country’s rapid urbanisation have been the key driver of growth for copper demand. 

China will return to “normal” growth soon as Beijing steps up support for households and businesses, Guo Shuqing, party secretary of the People’s Bank of China, told state media recently.

The world’s biggest consumer of copper is expected to quickly rebound because of the country’s optimised Covid response and after its economic policies continue to take effect, Guo said.

In its most recent move, China is planning to allow some property firms to add leverage by easing borrowing caps and pushing back the grace period for meeting debt targets. The move would relax the strict “three red lines” policy which had contributed to a historic property downturn, hitting demand for industrial metals. The easing would add to a raft of policy moves issued since November to bolster the ailing property sector, which accounts for around a quarter of the country’s economy.

China’s economy ended 2022 in a major slump. Factory activity in the country contracted in December at the fastest pace in nearly three years. The official manufacturing purchasing managers’ index (PMI) slumped to 47 last month from 48 in November, according to the National Bureau of Statistics.

It was the biggest drop since February 2020 and also marked the third straight month of contraction for the index.

The non-manufacturing PMI, which measures activity in the services sector, plunged to 41.6 last month from 46.7 in November. It also marked the lowest level in nearly three years.

And although the government has stepped up its support for the property market, the effects are still slow to take effect – home sales fell again in December. The 100 biggest real estate developers saw new home sales drop 30.8% from a year earlier to 677.5 billion yuan ($98.2 billion) in December, according to data from China Real Estate Information Corp. That compared with a 25.5% decline in November.

Housing prices fell 0.25% in December from the previous month, the 16th consecutive month of declines.

We believe more stimulus and infrastructure spending could be unveiled at the National People’s Congress in March, which is likely to boost demand for commodities further.

Global stocks at multi-year lows

The demand boost for copper comes at a time when global stockpiles held by exchanges remain low. Last year, shrinking inventories were overshadowed by weakening global demand, but a revival in demand this year could set up the market for further squeezes and spikes in prices.

Copper stocks in LME warehouses remain low, representing just two days’ worth of global usage. Inventories on the SHFE and COMEX are also extremely low. Between the three exchanges, global copper inventories are now down to just a few days of consumption.

More price upside ahead

We have increased our 2023 copper price forecast amid China’s reopening optimism, but we maintain a cautious view for the first quarter as Covid cases across China continue to rise. We now see copper prices averaging $8,700/t in the first quarter. We believe any further gains are likely to be capped as the Lunar New Year approaches.

Following a surge in cases, economic activity will start to revert to a more normal footing with demand recovering by the second quarter.

But we expect this to be temporary and China’s Covid policy change should prove supportive for copper demand in the medium and long term.

We believe that once China gets over the current wave of Covid-19 infections and the country learns to live with Covid, a recovery in Chinese demand will boost copper prices further.

We expect prices to continue to recover from the second quarter onwards on the back of improving reopening sentiment and tight inventories with prices hovering around $9,100/t in the fourth quarter.

However, global macroeconomic headwinds are likely to persist in 2023 and the risk of global recession will remain a threat to the demand recovery in China, capping further gains.

Any further spikes in copper prices will also depend on the US Federal Reserve’s stance towards its monetary policy. Less aggressive tightening would limit any upside in the US dollar and could further boost copper prices.

Longer-term, we still believe copper demand will improve amid the accelerated move into renewables and electric vehicles (EVs). In EVs, copper is a key component used in the electric motor, batteries, and wiring, as well as in charging stations. Copper cannot be substituted in EVs or wind and solar energy, and its appeal to investors as a key green metal will support higher prices over the next few years.

ING forecasts

-END-

6/CRYPTOCURRENCIES/BITCOIN ETC

END

.

1. YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS//TUESDAY MORNING.7:30 AM

ONSHORE YUAN: DOWN TO  6.77761

OFFSHORE YUAN: 6.7839

SHANGHAI CLOSED DOWN 3.36 PTS OR  0.10%

HANG SANG CLOSED DOWN 169.089 PTS 0.78%  

2. Nikkei closed DOWN 316.36 PTS OR 1.23%  

3. Europe stocks   SO FAR:  ALL RED

USA dollar INDEX DOWN TO  101.96 Euro RISES TO 1.0844 UP 15 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +.540!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 128.58/JAPANESE YEN RISING AS WELL AS LONG TERM 10  YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK 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:   DOWN-//  OFF- SHORE: DOWN

3f Japan is to buy INFINITE  TRILLION YEN’S worth of BONDS. Japan’s GDP equals 5 trillion usa

Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt. 

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund UP TO +2.195%***/Italian 10 Yr bond yield RISES to 4.060%*** /SPAIN 10 YR BOND YIELD RISES TO 3.185…** DANGEROUS//

3i Greek 10 year bond yield RISES TO 4.17//

3j Gold at $1913.00//silver at: 24.07  7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble DOWN 0  AND  42/100        roubles/dollar; ROUBLE AT 68.85//

3m oil into the 80 dollar handle for WTI and  85 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 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 128.66/10 YEAR YIELD BREAKS .50% TO .54%

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.9218– as the Swiss Franc is still rising against most currencies. Euro vs SF 0.9997 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

USA 10 YR BOND YIELD: 3.573% UP 6 BASIS PTS…GETTING DANGEROUS

USA 30 YR BOND YIELD: 3.689 UP 7 BASIS PTS//

USA DOLLAR VS TURKISH LIRA: 18,79…

GREAT BRITAIN/10 YEAR YIELD: 3.489 % UP 13 BASIS PTS

end

i.b  Overnight:  Newsquawk and Zero hedge:

 FIRST, ZEROHEDGE (PRE USA OPENING// MORNING

Futures Trim Losses As Focus Turns To Earnings

TUESDAY, JAN 17, 2023 – 07:36 AM

US stock futures slipped for a second day as investors braced for a busy week of parsing earnings reports for signs of an earnings recession, falling profitability and an economic slowdown. Contracts on the S&P 500 fell 0.2% at 7:10 a.m. ET, recovering from a -0.5% drop earlier, while Nasdaq 100 futures dropped 0.3% after trading in the cash market was closed on Monday for a holiday. The dollar was flat after rebounding from an 8 month low on Monday while the US 10-year Treasury yield rises to top about 3.55%.

In premarket trading, shares of Chinese electric-vehicle makers like XPeng Inc. retreated amid worries over demand and competition after the company slashed prices on its models in China. Bank stocks were also lower as Goldman Sachs and Morgan Stanley were set to report their fourth-quarter results before the bell. In corporate news, Bank of America shares got their only sell-equivalent rating after the company flagged a slowdown in lending last week. Whirlpool fell 6% in early New York trading after reporting fourth-quarter net sales of $4.90 billion, compared with forecasts for $5.15 billion. Freeport McMoRan slid 2.6%. Bloomberg Intelligence analysts predict copper could fall to $8,000 a ton from more than $9,000 now as physical demand indicators are weakening. Here are some other notable premarket movers:

  • Pfizer (PFE US) stock slides 1.5% after it was cut to equal-weight from overweight at Wells Fargo, which sees an earnings downgrade cycle on the horizon for the pharma giant.
  • Cryptocurrency-related stocks rally, as Bitcoin extends its winning streak into a 14th day and trades above the $21,000 level. Coinbase +6%, Riot Platforms +8.3%, Bakkt +10%, Marathon Digital +9.4%
  • MGO Global rises 43% to $6.65 in premarket trading, reversing losses from a volatile initial trading session in which the stock more than tripled before closing lower, the latest in a series of wild debuts for US small-cap listings.
  • Keep an eye on Tesla after Jefferies cut its target for the stock to $180 from $350, as the brokerage slashed sales and earnings estimates for the electric-car maker. The company last week cut prices across its lineup in an effort to stoke demand after several quarters of disappointing deliveries.
  • Watch Wells Fargo stock as it was cut to hold from buy at Jefferies with the risk-reward on the US lender now looking more balanced.
  • Keep an eye on utilities as KeyBanc Capital Markets turned more negative on the outlook for the sector into 2023, downgrading CenterPoint Energy and Southern Co to sector weight.
  • Watch Global Payments stock as it was upgraded to overweight at Morgan Stanley, which says that fintech and payments sector offers “increasingly compelling” valuations from a more favorable backdrop.
  • Piper Sandler downgrades Bandwidth (BAND US), DigitalOcean (DOCN US) and RingCentral (RNG US) to neutral as it tweaks its cloud automation software ratings, with Nice (NICE US) upgraded to overweight and Nutanix (NTNX US) its top pick.
  • Morgan Stanley is guarded on hardline, broadline and food retail coverage to start 2023 as it sees more headwinds than tailwinds, with the magnitude of the headwinds outweighing the tailwinds. Wayfair (W US) and Kroger (KR US) upgraded to equal-weight from underweight; National Vision (EYE US) downgraded to equal-weight from overweight.

Bank stocks reversed losses to trade higher on Friday, even after JPM CEO Jamie Dimon and BofA’s Brian Moynihan warned of an uncertain economic environment as four of the six biggest US lenders reported their fourth-quarter results. Lenders Goldman Sachs Group Inc. and Morgan Stanley report earnings on Tuesday. Investors will dissect results for the impact of the Federal Reserve’s interest rate hikes and signs of consumer spending slowdown.

“The spread between our earnings model and consensus forecasts is nearly as wide as it’s ever been and suggests a drawdown in stocks for which most are not prepared,” Morgan Stanley’s Michael Wilson wrote in his latest gloomy note. “The main culprit is the elevated and volatile inflationary environment which is likely to play havoc with profitability.”

Meanwhile, according to Bank of America’s latest global fund manager survey, investors are the most underweight on US equities since 2005 as improving market sentiment sends them flocking toward cheaper regions. Allocation to US equities “collapsed” during the first month of 2023, with investors a net 39% underweight the asset class, they said, exceeding even the UK’s 15%. At the same time, participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from pharmaceuticals, technology and the US, strategists led by Michael Hartnett wrote in a note.

Investors had their expectations for a pause in central-bank tightening damped by ECB Chief Economist Philip Lane, who said interest rates will have to move into restrictive territory to bring inflation back to target. BlackRock Inc. Vice Chairman Philipp Hildebrand said he saw no chance of policy easing this year. Data including a record increase in UK wages signaled further rate hikes are necessary.

“We’ve just hit pause and I am sure there’s some profit taking,” said James Athey, investment director at Edinburgh-based abrdn. “We‘re into the earnings season which likely brings with it risks and volatility. If you run a risk-parity or 60/40 book, you’ve done brilliantly already this year. It seems prudent to trim some risk.”

US corporate earnings may set the tone for traders this week as the reporting season moves up a gear. Of the 30 companies on the S&P 500 that have posted earnings so far, 24 have beaten analysts’ expectations. However, UBS Wealth Management expects “quite a bit of downside here on the earnings” in the US, according to Hartmut Issel, head of Asia Pacific equities.

European stocks and bonds are both in the red as investors contemplated the prospect of ongoing monetary tightening after ECB Chief Economist Lane said rates will have to move into restrictive territory. The BOE are also facing pressure to continue hiking after UK wages rose at their fastest rate on record, excluding the pandemic. The Stoxx 600 was down 0.2% and on course to snap a four-day winning streak with technology, real estate and autos leading declines. Here are some of the most notable European movers:

  • ABB shares rise as much as 1.9% after Redburn upgrades stock to buy from sell, saying recent business exits could mean the Swiss industrial group can grow faster than earlier expected
  • Wacker Chemie, one of Europe’s largest producers of polysilicon, rose as much as 3.7% after prices of the material used in solar panels surged in China
  • Infineon shares rise as much as 2.4% after Barclays starts coverage of European semiconductor stocks with a preference for Infineon and STMicro, rating both overweight
  • Alten shares rise as much as 4.5% after Kepler Cheuvreux raised its recommendation for the French engineering company to buy from hold, citing its ability to deliver strong growth
  • Lindt shares rise as much as 1.1% after the Swiss chocolate maker delivered estimate-beating organic sales growth, Vontobel says, with FY23 guidance in line with mid-term targets
  • Wise shares fall as much as 7.1% after the UK money-transfer firm’s volume growth slowed, coming in below analyst expectations in the fiscal third quarter
  • Ocado Group shares decline as much as 11% after the online grocer reported 4Q retail sales that missed analyst estimates. Morgan Stanley said period performance was “disappointing”
  • Philips falls as much as 5.6% after UBS cut the Dutch medical technology group to sell, describing a recent month-long rally as “unjustified,” and flagging downside risks to earnings
  • Hugo Boss drops as much as 2.7% as Deustche Bank said a “mild” beat of 4Q consensus estimates failed to impress investors

Asian stocks were mixed as investors assessed data on China’s economic growth and braced for the Bank of Japan’s key policy decision due Wednesday. The MSCI Asia Pacific Index was little changed as of 4:30p.m. Hong Kong time, as losses in financial shares offset an advance in consumer discretionary stocks. Hong Kong’s Hang Seng Index fell 0.8%, ending a four-day rally. Alibaba gained 1% after news that billionaire-investor Ryan Cohen has acquired a stake worth hundreds of millions of dollars in the second half of last year. China’s CSI 300 Index ended flat after a report showed the nation’s gross domestic product grew 3% in 2022, higher than economists expected. The market took a breather after three days of gains fueled by optimism over reopening and eased tech regulations. 

“I believe that the market will welcome such numbers,” said Hao Hong, chief economist at Grow Investment Group, in a Bloomberg TV interview. Still, “if the property sector takes more time to recover, it will affect consumption as well. So this year is actually going to be more challenging than last year.”  Investors in Asia will also monitor speeches by several Federal Reserve officials this week, as well as comments by central bankers during the World Economic Forum’s annual meeting in Davos, Switzerland.

Japanese stocks rose, ending a two-day loss, as investors adjusted positions before the Bank of Japan’s policy decision tomorrow. Although almost all economists polled by Bloomberg expect no change at the BOJ on Wednesday, some investors are bracing for more action as the central bank struggles to keep bond yields below its target.  The Topix Index rose 0.9% to 1,902.89 as of the market close in Tokyo, while the Nikkei 225 advanced 1.2% to 26,138.68. Toyota Motor contributed the most to the Topix’s gain, increasing 2.5%. Out of 2,161 stocks in the index, 1,570 rose and 474 fell, while 117 were unchanged

Australian stocks dipped: the S&P/ASX 200 index closed slightly lower at 7,386.30, snapping four days of gains, as losses in mining and technology stocks weighed on the gauge.  Most markets across Asia fell as traders digested data that showed China’s economy growing at the second slowest pace since the 1970s.  In New Zealand, the S&P/NZX 50 index rose 0.6% to 11,881.00

India’s benchmark stock gauge posted its biggest advance in more than a week as Reliance Industries led gains among energy firms amid improving outlook for the sector. The S&P BSE Sensex rose 0.9% to 60,655.72 in Mumbai, its largest single-day jump since Jan. 9. The NSE Nifty 50 Index rallied by a similar measure. All but three of the 20 sector sub-gauges compiled by BSE Ltd. gained, led by capital goods makers. Reliance Industries gained 1.4%, after five-straight declines, to push the oil-and-gas sector gauge to an all-time high after the government lowered windfall tax on locally-produced crude and export of diesel.  Outlook for oil and gas companies has been improving as moderating crude prices allow state-run refiners to lower marketing losses while Reliance Industries benefits from higher margins. 

The Bloomberg Dollar Index inched up 0.1% as the greenback traded higher against most of its Group-of-10 peers. Scandinavian currencies were the worst performers while the Swiss franc led G-10 gains.

  • The pound gained and gilts slumped in the wake of UK labor data that showed wages rose at a near-record pace for the three months through November. Yields rose 5-7bps across the curve and traders also bolstered bets on the BOE’s peak rate
  • The euro inched lower, but held above $1.08. Bunds eased across the curve and Italian bonds underperformed. Germany January ZEW investor expectations rose to 16.9 versus estimate -15.0
  • Japan’s benchmark yield briefly rose above the central bank’s ceiling for a third day as the Bank of Japan starts a two-day policy meeting. The yen fell for a second day. Most economists expect the BOJ to stand pat although market watchers don’t rule out an adjustment including another widening of the yield band to 0.75 or higher, or a scrapping of the yield curve control
  • The Australian and New Zealand dollars reversed an Asia session gain amid broad-based dollar strengthening. Australia’s consumer confidence jumped 5%, the largest monthly gain since April 2021, aided by a temporary respite from interest-rate increase as the Reserve Bank’s board doesn’t meet this month

In rates, the Treasury curve extended bear-steepening move after 30-year yields gap higher from the reopen after Monday’s US holiday. Treasury yields were cheaper by up to 7bp across long-end of the curve with 10-year note futures trading toward bottom of Monday’s range; 10-year yields around 3.56% and cheaper by ~5bp vs Friday’s close. Gilts weaker over London session after UK wages rise faster than forecast while European supply pressures also weigh on core rates.  Long-end-led losses in US curve steepen 2s10s, 5s30s cash spreads by 5bp and 4bp vs Friday’s close. UK and German government bonds fall with 10-year borrowing costs rising 6bps and 2bps respectively.

In commodities, rose to session highs after earlier dropping  WTI rose 0.65% to trade above $80. Spot gold falls roughly $10 to trade near 1,906/oz.

Bitcoin is essentially unchanged on the session and resides in particularly narrow sub-USD 400 parameters after last week’s marked upside.

To the day ahead now, and data releases include UK unemployment for November, the German ZEW survey for January, Canadian CPI for December, and the US Empire State manufacturing survey for January. Central bank speakers include the ECB’s Centeno and the Fed’s Williams. Finally, earnings releases include Goldman Sachs, Morgan Stanley and United Airlines.

Market Snapshot

  • S&P 500 futures down 0.3% to 4,007.75
  • MXAP little changed at 165.62
  • MXAPJ down 0.4% to 544.25
  • Nikkei up 1.2% to 26,138.68
  • Topix up 0.9% to 1,902.89
  • Hang Seng Index down 0.8% to 21,577.64
  • Shanghai Composite down 0.1% to 3,224.25
  • Sensex up 0.9% to 60,629.94
  • Australia S&P/ASX 200 little changed at 7,386.29
  • Kospi down 0.9% to 2,379.39
  • STOXX Europe 600 down 0.1% to 454.10
  • German 10Y yield little changed at 2.19%
  • Euro little changed at $1.0822
  • Brent Futures up 0.4% to $84.78/bbl
  • Gold spot down 0.4% to $1,908.36
  • U.S. Dollar Index up 0.17% to 102.38

Top Overnight News from Bloomberg

  • ECB Governing Council member Mario Centeno said the euro-area economy is performing better than many anticipated in the face of record inflation and the energy crisis that erupted after Russia attacked Ukraine
  • ECB Chief Economist Philip Lane said interest rates will have to move into “restrictive territory” to bring inflation back to target
  • Investors are looking to bet against Italy’s peer-beating bond rally, saying the gains have gone too far. They argue the ECB is expected to keep hiking interest rates and is unlikely to stand in the way of a selloff given how narrow the spread over German bunds remains
  • Investors are the most underweight on US equities since 2005 as improving market sentiment sends them flocking toward cheaper regions, according to Bank of America’s global fund manager survey
  • Some 467,000 working days in the UK were lost to strikes in November, a 10-year high, after a wave of walkouts caused by the most severe cost-of-living crisis in a generation. Days lost over a six-month period reached the highest level since 1989-90
  • The BOJ’s policy decision due Wednesday is shaping up to be the biggest risk for the dollar-yen pair since the global financial crisis. The currency pair’s overnight implied volatility jumped as high as 54.4 vol, the highest since November 2008, as traders positioned for another policy tweak following a surprise move in December
  • An arbitrage trade that rattled Japan’s bond market last year looks to be back. The spread between the prices on Japanese 10-year debt and similar-maturity futures has swelled in recent weeks, providing room for so-called basis trades that try to take advantage of the difference
  • This year is pivotal for the Japanese economy to move away from decades of deflationary thinking toward sustained real wage growth, according to the head of the country’s largest labor union
  • While China’s GDP grew 3% last year, the second-slowest pace since the 1970s, fourth- quarter and December data came in better than economists had expected
  • China’s population started shrinking in 2022 for the first time in six decades, the latest milestone in a worsening demographic crisis for the world’s second-largest economy

A more detailed look at global markets courtesy of Newsquawk

APAC stocks traded mixed in which most bourses lacked firm direction in the absence of a lead from the US due to MLK Jr. Day and despite the better-than-expected Chinese economic growth and activity data. ASX 200 was subdued with the index contained after it hit resistance at the 7,400 level, while an improvement in Westpac Consumer Confidence and an increase in Rio Tinto’s quarterly output did little to inspire trade. Nikkei 225 outperformed with strength in the auto sector driving the advances and as the BoJ kicked off its 2-day policy meeting with markets second-guessing what the central bank will decide regarding its ultra-easy policy. Hang Seng and Shanghai Comp were lacklustre despite encouraging data in which Chinese GDP, Industrial Production and Retail Sales figures all topped estimates. Nonetheless, the 3.0% growth for 2022 was much lower than the ‘abandoned’ target of around 5.5% and President Xi’s hint of at least 4.4% growth, while China also noted its population shrunk for the first time since 1961 and the death rate was the highest since 1974.

Top Asian News

  • PBoC injected CNY 205bln via 7-day reverse repos with the rate kept at 2.00% and injected CNY 301bln via 14-day reverse repos with the rate kept at 2.15% for a CNY 504bln net injection.
  • China’s Customs said GDP grew 3.0% Y/Y in 2022 and that China was able to stabilise the economy, but added that the foundation for economic recovery is not solid yet, according to Reuters.
  • China’s stats bureau stated China’s population in 2022 shrunk for the first time since 1961 and the death rate was the highest since 1974, although the stats bureau chief later noted they should not worry about China’s population decline and overall labour supply still exceeds demand. The stats bureau chief also said that benign inflation in China will create room for macro policies and that the property sector’s drag on economic growth this year will not be larger than in 2022, according to Reuters.

European equities trade marginally lower following a mixed APAC lead, Euro Stoxx 50 -0.3%. Sectors in Europe are now mostly lower with no overall bias, but with Chemicals and Industrials outperforming and Autos and Energy towards the bottom. US equity futures are softer but off worse levels with the ES holding above 4,000 throughout the Tuesday session.

Top European News

  • ECB’s Centeno says Q4 growth within Europe is likely to be positive.
  • European Economy Commissioner Gentiloni says we have to strengthen competitiveness by streamlining state aid rules, have a good EU-US partnership; need to support competitiveness, not begin a subsidy war with the US.
  • European Commission President von der Leyen says to avoid fragmenting the EU’s single market and to support clean tech across the EU, EU has to step up finding; For medium term will prepare a European sovereignty fund but it will take time.
  • Germany’s BDI President says mild recessionary tendencies will predominate at the start of the year, sees upward trend; Economy expected to shrink by 0.3% in 2023; sees real 1% increase in export of goods and services this year (vs 1.5% global trade).

FX

  • A choppy Tuesday session thus far for the Dollar as the index matched yesterday’s 102.56 peak in APAC hours before waning towards the unchanged mark ahead of the European cash open.
  • CNH is softer intraday despite supportive Chinese data overnight, which saw Q4 GDP, IP and Retail Sales top expectations across the board.
  • USD/JPY is choppy in a 128.23-129.13 parameter, but within recent ranges, whilst the technical “death cross” is more evident as the 50 DMA (135.60) falls further below the 200 DMA (136.67).
  • Mixed trade seen across both the EUR and GBP with the latter leading the way following the UK jobs data following strong wages metrics which subsequently lifted BoE market pricing for a 50bps hike (at the time) to around 72% from 63% pre-release.
  • PBoC set USD/CNY mid-point at 6.7222 vs exp. 6.7234 (prev. 6.7135)

Fixed Income

  • Core benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed’s Williams.
  • Bunds and, post-open, Gilts printed session lows of 137.66 and 103.37 respectively post-UK jobs data, with the benchmarks nearing but not retesting these points after a particularly strong ZEW release.
  • Following the UK jobs data, we have seen an uptick in BoE pricing for 50bp in February to a 75% probability from circa. 63% pre-release.

Commodities

  • WTI and Brent front-month futures diverge intraday on account of the US MLK holiday on Monday which resulted in no WTI settlement.
  • WTI Feb holds onto a USD 79/bbl status whilst Brent trades on either side of USD 85/bbl in what has been a choppy session.
  • Spot gold has been drifting lower as the Dollar remains firm, with the yellow metal trundling lower from highs of USD 1,919/oz down to around USD 1,905/oz.
  • Base metals are softer across the board (but to varying degrees) despite the supportive Chinese data overnight as a firmer Dollar exerts pressure on the complex.
  • China’s state planner, NDRC is to lower retail prices of gasoline an diesel by CNY 205/tonne and CNY 195/tonne respectively as of January 18th.
  • Radio Free Europe’s Jozwiak writes “Review underway on the Russian oil price cap. Currently at USD 60 but I understand there is a good chance that it might be lowered a bit in upcoming weeks”.
  • OPEC Secretary General is very bullish on China, and cautiously optimistic on the global economy; Chinese demand will grow by 500k barrels this year; waiting to see what happens after China’s New Year holiday (Jan 21st-29th).

Geopolitics

  • Russian Defence Ministry discussed increasing the number of military personnel to 1.5mln (vs ~1.3mln in 2022), according to Tass; says major changes in Russian army will take place from 2023-26.
  • Ukrainian President Zelensky said the attack in Dnipro underscores the need for new and faster decisions on weapons supplies, while he added they expect key decisions from partners on arms supplies at the Ramstein meeting.
  • Russian-installed Donetsk authorities confirm that Russia has control of Soledar, via Tass.
  • Russia deployed an SU-27 fighter plane to escort a German naval aircraft over the Baltic, according to Interfax.
  • Russian Kremlin when asked about a potential meeting between the CIA’s Burns and Russia spy chief says “this kind of dialogue is beneficial”.
  • UK is reviewing whether to designate Iran’s Revolutionary Guards as a terrorist organisation, according to FT.
  • China’s Foreign Ministry spokesperson says they are discussing the details of a visit from US Secretary of State Blinken.
  • Iran’s IRGC have conducted “major drills” in the Persian Gulf, according to Tasnim; details light.

US Event Calendar

  • 08:30: Jan. Empire Manufacturing, est. -8.6, prior -11.2

Central Bank Speakers

  • 15:00: Fed’s Williams Gives Welcoming Remarks

DB’s Jim Reid concludes the overnight wrap


I hope you are all looking forward to the rest of the year now after Blue Monday was navigated yesterday, which flew hot on the heels of Friday 13th at the end of last week. To be fair markets of late haven’t been either depressing or scary. However we took pause for breath yesterday, given the US holiday, with nothing much happening. The main news has instead been overnight, where we’ve just had the release of the Chinese GDP figures for Q4 that covers the December surge in Covid cases. The data was better than expected but still showed the scars from Covid.

Q4 GDP (+2.9%) beat expectations (+1.6%) with the FY at +3% (+2.7% expected and +8.1% in 2021) – the second lowest year since China re-emerged from the economic wilderness in the 1970s. Momentum was much stronger than expected in December though. Retail sales dropped -1.8% y/y in December, much better than -9.0% fall expected by analysts and compared to a -5.9% decline in the prior month. Meanwhile, industrial production grew +1.3% y/y, well above the +0.1% predicted by Bloomberg. At the same time, fixed asset investment for 2022 rose by +5.1%, slightly above the +5% expected by Bloomberg.

Asian markets are lower though led by the Hang Seng (-1.25%) followed by the KOSPI (-0.77%), the Shanghai Composite (-0.27%) and the CSI (-0.16%). Elsewhere, the Nikkei (+1.28%) is bucking the trend this morning, recouping some of the losses from the previous two sessions. In overnight trading, stock futures in the US are indicating a negative opening with contracts on the S&P 500 (-0.32%) and NASDAQ 100 (-0.54%) trading in the red. Meanwhile, yields on 10yr USTs (+2.95 bps) have edged higher to 3.53% after the holiday.

Looking back at yesterday now, it was an incredibly uneventful session for the most part, even adjusting for the impact of the US holiday. For instance, if you look at US futures markets (since spot markets were closed), S&P 500 futures had barely budged by the time Europe went home, with a modest decline of -0.10%. It was a similar story for bonds, where futures also saw little change, perhaps in part since expectations of the Fed’s terminal rate for June moved up by just +0.002bps on the day. That said, despite the lack of excitement, the VIX index of volatility ticked up from its one-year low on Friday, moving up +1.14pts to 19.49pts.

Back in Europe there wasn’t much happening either, but one trend to note was the continued decline in natural gas futures yesterday, which fell back to a 16-month low of €55.45 per megawatt-hour. Although these prices are still well above their historic norms, they’ve now come down by more than half in the last month, so this is a big and positive shock if it ends up being sustained. In turn, that led to a fresh decline in inflation expectations, and the 10yr German breakeven came down a further -2.9bps to a 3-month low of 2.05%.

That greater optimism on the inflation side wasn’t enough to prevent a modest decline in sovereign bonds yesterday, with yields on 10yr bunds (+0.6bps), OATs (+0.6bps) and BTPs (+0.6bps) all seeing a small increase. Gilts were an underperformer, with 10yr yields up +1.8bps rise on the day as UK assets more broadly saw a slight underperformance. That came as BoE Governor Bailey testified before the Treasury Committee of MPs, where he warned that there was a risk that inflation wouldn’t drop as fast as expected. Overall however, there was nothing revelatory on how they’re thinking about the next decision on February 2.

With the positive gas news boosting sentiment more broadly, European equities advanced for the most part. The STOXX 600 rose +0.46%, taking the index up to its highest level since April, with other advances for the FTSE 100 (+0.20%), the DAX (+0.31%) and the CAC 40 (+0.28%). That continues the very positive start to the year for European equities, and means that the YTD returns now stand at +7.00% for the STOXX 600 and +8.69% for the DAX.

Finally, the World Economic Forum’s annual meeting at Davos opened last night, which will continue for the rest of the week. Numerous political and business leaders are gathering there, and today’s speakers include European Commission President Ursula Von der Leyen, Chinese Vice Premier Liu He, Spanish PM Pedro Sánchez and German finance minister Christian Lindner. Separately, it’s not actually a Davos meeting, but we heard yesterday that US Treasury Secretary Yellen and Chinese Vice Premier Liu He would be meeting in Zurich.

To the day ahead now, and data releases include UK unemployment for November, the German ZEW survey for January, Canadian CPI for December, and the US Empire State manufacturing survey for January. Central bank speakers include the ECB’s Centeno and the Fed’s Williams. Finally, earnings releases include Goldman Sachs, Morgan Stanley and United Airlines.

AND NOW NEWSQUAWK (EUROPE/REPORT)

Fixed benchmarks lower post-data, with equities softer after a mixed APAC lead – Newsquawk US Market Open

Newsquawk Logo

TUESDAY, JAN 17, 2023 – 06:31 AM

  • European equities trade marginally lower following a mixed APAC lead, US futures in-fitting
  • A choppy session thus far for the USD, to the mixed fortune of peers with the CNH softer despite Chinese data
  • Core fixed benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed’s Williams
  • WTI and Brent diverge given the lack of settlement while both precious and base metals continue to drift
  • Looking ahead, highlights include Canadian CPI, Speech from Fed’s Williams, Earnings from Goldman Sachs, Morgan Stanley & United Airlines.

View the full premarket movers and news report.

Or why not try Newsquawk’s squawk box free for 7 days?

MLK DAY HEADLINE RECAP

  • Turkey’s Bosphorus Strait was shut after a vessel became wedged against its banks, the vessel was subsequently freed and the Strait reopened.
  • US Treasury Secretary Janet Yellen will meet with senior Chinese official Liu He on Wednesday, according to WSJ
  • China is reportedly to extend some income tax breaks until end-2023, via Bloomberg
  • UK PM spokesperson says they would guide away from speculation that the UK and EU are to enter “tunnel” talks re. N. Ireland, adding there are still significant gaps between the sides. In the context of updates that a framework showing progress might be announced between the EU and UK negotiators, though this will not be a final deal, with subsequent updates downplaying the extent of any progress somewhat
  • China flagged nearly 60k COVID deaths since easing restrictions in December and noted severe hospitalisations remained high but had already peaked.

EUROPEAN TRADE

EQUITIES

  • European equities trade marginally lower following a mixed APAC lead, Euro Stoxx 50 -0.3%
  • Sectors in Europe are now mostly lower with no overall bias, but with Chemicals and Industrials outperforming and Autos and Energy towards the bottom.
  • US equity futures are softer but off worse levels with the ES holding above 4,000 throughout the Tuesday session.
  • Click here for more detail.

FX

  • A choppy Tuesday session thus far for the Dollar as the index matched yesterday’s 102.56 peak in APAC hours before waning towards the unchanged mark ahead of the European cash open.
  • CNH is softer intraday despite supportive Chinese data overnight, which saw Q4 GDP, IP and Retail Sales top expectations across the board.
  • USD/JPY is choppy in a 128.23-129.13 parameter, but within recent ranges, whilst the technical “death cross” is more evident as the 50 DMA (135.60) falls further below the 200 DMA (136.67).
  • Mixed trade seen across both the EUR and GBP with the latter leading the way following the UK jobs data following strong wages metrics which subsequently lifted BoE market pricing for a 50bps hike (at the time) to around 72% from 63% pre-release.
  • PBoC set USD/CNY mid-point at 6.7222 vs exp. 6.7234 (prev. 6.7135)
  • Click here for more detail.

FIXED INCOME

  • Core benchmarks are downbeat after UK and German data, with USTs in tandem directionally but with magnitudes more contained ahead of Fed’s Williams.
  • Bunds and, post-open, Gilts printed session lows of 137.66 and 103.37 respectively post-UK jobs data, with the benchmarks nearing but not retesting these points after a particularly strong ZEW release.
  • Following the UK jobs data, we have seen an uptick in BoE pricing for 50bp in February to a 75% probability from circa. 63% pre-release.
  • Click here for more detail.

COMMODITIES

  • WTI and Brent front-month futures diverge intraday on account of the US MLK holiday on Monday which resulted in no WTI settlement.
  • WTI Feb holds onto a USD 79/bbl status whilst Brent trades on either side of USD 85/bbl in what has been a choppy session.
  • Spot gold has been drifting lower as the Dollar remains firm, with the yellow metal trundling lower from highs of USD 1,919/oz down to around USD 1,905/oz.
  • Base metals are softer across the board (but to varying degrees) despite the supportive Chinese data overnight as a firmer Dollar exerts pressure on the complex.
  • China’s state planner, NDRC is to lower retail prices of gasoline an diesel by CNY 205/tonne and CNY 195/tonne respectively as of January 18th.
  • Radio Free Europe’s Jozwiak writes “Review underway on the Russian oil price cap. Currently at USD 60 but I understand there is a good chance that it might be lowered a bit in upcoming weeks”.
  • OPEC Secretary General is very bullish on China, and cautiously optimistic on the global economy; Chinese demand will grow by 500k barrels this year; waiting to see what happens after China’s New Year holiday (Jan 21st-29th).
  • Click here for more detail.

NOTABLE HEADLINES

  • ECB’s Centeno says Q4 growth within Europe is likely to be positive.
  • European Economy Commissioner Gentiloni says we have to strengthen competitiveness by streamlining state aid rules, have a good EU-US partnership; need to support competitiveness, not begin a subsidy war with the US.
  • European Commission President von der Leyen says to avoid fragmenting the EU’s single market and to support clean tech across the EU, EU has to step up finding; For medium term will prepare a European sovereignty fund but it will take time.
  • Germany’s BDI President says mild recessionary tendencies will predominate at the start of the year, sees upward trend; Economy expected to shrink by 0.3% in 2023; sees real 1% increase in export of goods and services this year (vs 1.5% global trade).

NOTABLE DATA

  • UK ILO Unemployment Rate (Nov) 3.7% vs. Exp. 3.7% (Prev. 3.7%); Employment Change (Nov) 27k vs. Exp. 10k (Prev. 27k)
  • UK Average Week Earnings 3M YY (Nov) 6.4% vs. Exp. 6.2% (Prev. 6.1%, Rev. 6.2%); Ex-Bonus (Nov) 6.4% vs. Exp. 6.3% (Prev. 6.1%)
  • German ZEW Economic Sentiment (Jan) 16.9 vs. Exp. -15.0 (Prev. -23.3); Current Conditions (Jan) -58.6 vs. Exp. -58.0 (Prev. -61.4)
  • First time since February 2022 the indicator is in positive territory, more favourable situation on the energy markets and the German gov’t energy price caps have contributed to this in particular.

NOTABLE US HEADLINES

  • UK PM Sunak backed down on the online safety bill following a Tory rebellion, according to Telegraph.
  • UK’s post-Brexit economy is reportedly facing a shortfall of over 300k workers, according to an estimate by the UK in a Changing Europe and the Centre for European Reform think tanks cited by FT.
  • National Education Union announced that teachers will conduct strikes over pay in England and Wales on certain dates in February and March, while the Royal College of Nursing union announced additional strike dates on February 6th and 7th as nurses prepare to conduct strike action this week, according to the BBC.
  • ECB’s Lane said they need to bring rates into restrictive territory with rates now at “ballpark” neutral, while he noted that rates must be raised high enough to restrict growth, according to an interview with FT.
  • ECB’s de Cos reiterated that significant rate hikes will continue and incoming data will determine policy decisions.
  • Click here for the US Early Morning note.

GEOPOLITICS

  • Russian Defence Ministry discussed increasing the number of military personnel to 1.5mln (vs ~1.3mln in 2022), according to Tass; says major changes in Russian army will take place from 2023-26.
  • Ukrainian President Zelensky said the attack in Dnipro underscores the need for new and faster decisions on weapons supplies, while he added they expect key decisions from partners on arms supplies at the Ramstein meeting.
  • Russian-installed Donetsk authorities confirm that Russia has control of Soledar, via Tass.
  • Russia deployed an SU-27 fighter plane to escort a German naval aircraft over the Baltic, according to Interfax.
  • Russian Kremlin when asked about a potential meeting between the CIA’s Burns and Russia spy chief says “this kind of dialogue is beneficial”.
  • UK is reviewing whether to designate Iran’s Revolutionary Guards as a terrorist organisation, according to FT.
  • China’s Foreign Ministry spokesperson says they are discussing the details of a visit from US Secretary of State Blinken.
  • Iran’s IRGC have conducted “major drills” in the Persian Gulf, according to Tasnim; details light.

CRYPTO

  • Bitcoin is essentially unchanged on the session and resides in particularly narrow sub-USD 400 parameters after last week’s marked upside.

APAC TRADE

  • APAC stocks traded mixed in which most bourses lacked firm direction in the absence of a lead from the US due to MLK Jr. Day and despite the better-than-expected Chinese economic growth and activity data.
  • ASX 200 was subdued with the index contained after it hit resistance at the 7,400 level, while an improvement in Westpac Consumer Confidence and an increase in Rio Tinto’s quarterly output did little to inspire trade.
  • Nikkei 225 outperformed with strength in the auto sector driving the advances and as the BoJ kicked off its 2-day policy meeting with markets second-guessing what the central bank will decide regarding its ultra-easy policy.
  • Hang Seng and Shanghai Comp were lacklustre despite encouraging data in which Chinese GDP, Industrial Production and Retail Sales figures all topped estimates. Nonetheless, the 3.0% growth for 2022 was much lower than the ‘abandoned’ target of around 5.5% and President Xi’s hint of at least 4.4% growth, while China also noted its population shrunk for the first time since 1961 and the death rate was the highest since 1974.

NOTABLE ASIA-PAC HEADLINES

  • PBoC injected CNY 205bln via 7-day reverse repos with the rate kept at 2.00% and injected CNY 301bln via 14-day reverse repos with the rate kept at 2.15% for a CNY 504bln net injection.
  • China’s Customs said GDP grew 3.0% Y/Y in 2022 and that China was able to stabilise the economy, but added that the foundation for economic recovery is not solid yet, according to Reuters.
  • China’s stats bureau stated China’s population in 2022 shrunk for the first time since 1961 and the death rate was the highest since 1974, although the stats bureau chief later noted they should not worry about China’s population decline and overall labour supply still exceeds demand. The stats bureau chief also said that benign inflation in China will create room for macro policies and that the property sector’s drag on economic growth this year will not be larger than in 2022, according to Reuters.

DATA RECAP

  • Chinese GDP QQ SA (Q4) 0.0% vs. Exp. -0.8% (Prev. 3.9%); YY (Q4) 2.9% vs. Exp. 1.8% (Prev. 3.9%)
  • Chinese Industrial Output YY (Dec) 1.3% vs. Exp. 0.2% (Prev. 2.2%); Retail Sales YY (Dec) -1.8% vs. Exp. -8.6% (Prev. -5.9%)

1.c TUESDAY/  MONDAY  NIGHT

SHANGHAI CLOSED UP 3.35 PTS OR 0.10%   //Hang Seng CLOSED DOWN 169.08 PTS OR 0.78%     /The Nikkei closed UP 316.36 PTS OR 1.23%            //Australia’s all ordinaries CLOSED DOWN 0.10%   /Chinese yuan (ONSHORE) closed DOWN TO 6.7761//OFFSHORE CHINESE YUAN DOWN TO 6.7839//    /Oil UP TO 80.19 dollars per barrel for WTI and BRENT AT 85.62   / Stocks in Europe OPENED ALL RED         ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER

2 a./NORTH KOREA/ SOUTH KOREA/

///NORTH KOREA/SOUTH KOREA

end

2B JAPAN

Japan//COVID/VACCINES

They are baffled?

A must read….

(Guy Gin)

Japan’s Experts Baffled By High ‘COVID Deaths’ Despite High Vaccination Rate

SUNDAY, JAN 15, 2023 – 09:30 PM

Authored by Guy Gin via ‘Making (COVID) Waves In Japan’ Substack,

After three booster campaigns in 2022, the Japanese are now in a league of their own among mRNA consuming countries, administering far more boosters than countries that had far more coercive vax campaigns.

Japanese over 65 have done their best to reduce Japan’s 612-million-dose stockpile of mRNA jabs, with 3rd, 4th, and 5th jab rates of 91%, 82.5%, and 56%, respectively. But unfortunately, Japan has started 2023 by reporting its highest ever daily Covid death tolls. During the booster era starting in early 2022, each wave has been noticeably higher than the last.

What could possibly explain this? Let’s ask Takaji Wakita, chairman of Japan’s Covid Response Advisory Board.

The cause of the rise in Covid deaths is *hard to explain.*

What about Dr Satoshi Kamayachi, director of the Japan Medical Association?

JMA director on increased Covid deaths: “There’s a lot we don’t know, and we don’t have evidence.”

Nice to see an expert admit the limit of his knowledge. But there must be something Dr Kamayachi can tell us, right?

Dr Kamayachi, citing the rapid spread of Covid infections as one reason, explained that the majority of those who died were over 60 and many had underlying medical conditions. The direct cause of death is often heart failure or kidney disease, and he said that “thorough analysis is needed.”

Heart failure, you say? Well, it’s not like most Japanese over 60 have been injected multiple times with anything that causes cardiovascular problems, is it? And kidney disease is coincidentally a side-effect of Remdesivir, an approved Covid treatment in Japan.

Of course, Japan has been counting anyone who dies with a positive test result as a Covid death regardless of actual cause of death since 2020, but Dr Kamayachi and the rest of Japan’s experts haven’t bothered bringing up the issue of attribution until now. In fact, they were more than happy to cite inflated mortality data to help promote the jabs. But now that people may question why daily reported Covid deaths are higher than ever after the majority of over 65s have taken the experts’ advice to get multiple boosters, underlying medical conditions can apparently be discussed.

But although he’s three years late, Dr Kamayachi has a point. Although reported Covid deaths have been much higher in the booster era, far fewer Covid cases have been receiving mechanical ventilation (the gray line shows the number of ventilators/ECMO secured for Covid patients).

But even if hardly any of them have been struggling for breath on mechanical ventilation, Japan’s elderly have been dying in higher than expected numbers in the booster era. The national figures for December won’t be out until late Feb, but Yokohama (Japan’s second largest city) has already releases its all-cause death numbers for 2022. Somehow I doubt Dr Kamayachi will call for a “thorough analysis” to find out the cause of the increase since August.

All-cause deaths in Yokohama 2016-2022

Although there’s no good news here for Japan’s vaxed-to-the-max elderly, there is for Japan’s medical establishment: high numbers of Covid deaths mean the publicly funded Covid gravy train will keep going. From The Nikkei.

On 11th Jan, experts offered their views on reclassifying Covid-19 under the Infectious Diseases Act. In light of the current situation where the number of reported Covid deaths per day is the highest ever, the experts called for the government to continue to provide a certain amount of financial support to cover treatment and hospitalization costs and for securing hospital beds.

Basically, the government’s selected experts, including Dr. Wakita above, recommend that Covid should be downgraded “gradually”, i.e., medical costs should continue to be covered by public funds rather than health insurance/out-of-pocket payments like every other medical condition. This might seem reasonable. But under the current scheme of Covid support payments, hospitals can be paid ¥436,000 (US$3,370) per day to “secure” a single ICU bed regardless of whether anyone is in it. And overpriced Covid treatments include glorified cold medications like Shinogi’s Xocova.

So let’s recap what the experts have told us.

The cause of increased Covid deaths? “Dunno.”

Should the government keep showering medical institutions and pharma companies with money? “Absolutely!”

Well, what were you expecting them to say?

END

JAPAN/ITALY/USA//GLOBE

Ambrose Evans Pritchard..

from G…A MUST READ….

Central banks risk setting off a financial earthquake with constant rate rises, warns ex-IMF economist — check this article out could be very important!!

Breakneck monetary tightening by the major central banks is nearing a critical tipping point and risks triggering a chain-reaction of financial distress, the world’s leading expert on debt crises has warned.

“The combination of recession and rising real interest rates is very dangerous,” says Harvard professor Ken Rogoff, a former chief economist at the International Monetary Fund.

Prof Rogoff is best known for This Time is Different: Eight Centuries of Financial Folly, a magisterial history of debt delusions co-written with Carmen Reinhart.

He believes it was a minor miracle that the world averted a financial crisis last year but the odds of a major accident are shortening as the delayed effects of past tightening feed through.

“We were very fortunate that we didn’t have a global systemic event in 2022, and we can count our blessings for that, but rates are still going higher and the risk keeps rising,” he told The Telegraph on the eve of the World Economic Forum in Davos.

Harvard professor Ken Rogoff says central banks are at risk of over-tighteningCREDIT: Erik Flyg/Bloomberg

“The risk of over-tightening by the European Central Bank is nothing less than catastrophic and they need to be very careful. Italy is extremely vulnerable,” says Prof Rogoff. “But this could pop anywhere. Global debt has gone up massively since the pandemic: public debt, corporate debt, everything.”

Bursts of optimism over a ‘soft-lending’ at the end of debt cycles tend to underestimate the potency and time-lags of monetary tightening. 

The greatest threat lies in the nexus of undisclosed leverage and liquidity mismatch in the shadow bankingsector, which has displaced traditional banking and largely avoided the control of regulators. 

SHADOW BANKING IS TAKING OVER WORLD FINANCE

Share of total financial assets

04b57b631c41f3235592fbfa9d5ef5f9206a78a7.jpg

Right-hand scale

Shadow banking sector

Banks

Central banks

Public financial institutions

Left-hand scale

Shadow banking sector

These players are not subject to the normal mark-to-market rules forcing them to admit mounting losses. The advance warning signal is muted. Central banks do not know where the landmines lie, or what level of rates will cause the system to buckle.

The giant wild card this time is that serious trouble may also be brewing in Japan’s $12 trillion bond market, normally the quietest haven of global finance. Japan has defied gravity for decades, running nosebleed fiscal deficits for years with no apparent cost or inflationary effect. 

But inflation has returned in the aftermath of Covid, pushing the country from a bad but stable equilibrium into an unstable equilibrium. The Bank of Japan is riding a tiger as it tries to manage its exit from extreme quantitative easing and its policy of holding down bond rates.

BANK OF JAPAN’S NEW DEFENSIVE LINE ALREADY BREACHED

Yield on 10-year Japanese sovereign bonds

3afdeaf15599db171f95bd39f498e29c245c1c39.jpg

10-year yen swap

10-year benchmark Japanese bond yield

SOURCE: BLOOMBERG

“The Japanese haven’t had an interest rate rise in three decades and nobody is positioned for it,” Prof Rogoff says. “The public debt is 260pc of GDP and half of that is overnight debt.”

The dam has already begun to break. The Bank of Japan (BoJ) lifted its long-standing cap on 10-year bonds from 0.25pc to 0.5pc last month, seemingly a minor tweak but in reality a bombshell for international capital flows. The BoJ has had to spend over $100bn over the last two weeks defending the next line against the market onslaught. The swaps market is already pricing in another jump to 1pc.

A blow-up in the Japanese bond market would be a black swan event. The country is the world’s largest creditor with $3.6 trillion of external net assets. It owns 8pc of France’s public debt. A sudden repatriation of funds would set off contagion through the international system.

Olivier Blanchard, another ex-chief economist at the IMF, has also warned that Japan’s finances are less stable than they look. He fears that the country could spin into a debt spiral and a funding crisis as it comes out of deflation, leaving the Japanese finance ministry in extreme difficulty. 

Prof Rogoff’s central premise is that global real interest rates ‘mean-revert’ over time. The more suddenly it happens, the greater the financial trauma. The current edifice of international borrowing and debt contracts is built on the assumption real rates will remain nailed to the floor. 

In September we had a foretaste of what can happen when UK gilt yields spiked higher, setting off a self-reinforcing doom loom in a trillion pound segment of the UK pensions industry

The Bank of England stemmed the crisis with great skill, and made a profit on the bond transactions. However, the episode set off instant global contagion and alarmed officials at the IMF and the Basle-based Financial Stability Board (FSB). 

“If it can happen in the UK, which is very well regulated, it can happen anywhere,” Prof Rogoff says.

The liability driven investments at the heart of this meltdown were legitimate hedging tools, Prof Rogoff argues, given that pension funds benefit from higher rates. The surprise was the ferocity of the global bond sell-off that set the process in motion. 

“Liz Truss got the blame but the underlying cause was Jay Powell’s rate rises in the US, which has pushed up rates for everybody,” he says.

The eurozone has its own intractable pathologies, even if it has weathered Vladimir Putin’s energy war remarkably well. But the delayed effects of monetary tightening are only just starting to bite. The ECB’s anti-inflation hawks are back in charge and determined to push rates into ‘restrictive’ territory as well as launching bond sales (quantitative tightening), a process likely to continue until something breaks. 

“The glue that has been holding the eurozone together is the world of zero real interest rates,” Prof Rogoff says. “So long they stayed at zero you could use QE as a transfer subsidy from the North to the South, and it didn’t seem to cost anything. The underlying problem was never resolved.”

The ECB’s bond purchases have been soaking up Italian debt issuance since 2015, shielding the country from market forces. This stopped in June. The ECB cushioned the blow for a few months by skewing the roll-over of its existing portfolio from German Bunds to Italian bonds, but this too has reached its limits. 

Markets doubt whether a new ‘anti-spread’ tool (TPI) can be activated in any circumstances short of an emergency. To do so earlier would breach the no-bail clause in the EU treaty law and look all too like fiscal dominance, leading to legal challenges. But Italy is at least a ‘known-known’, and the Meloni government has so far been careful not to provoke trouble. 

The global shadow banking system is a ‘known-unknown’, with a pervasive mismatch in maturities. Many borrow on the short-term capital markets to lend long or invest in illiquid assets – more or less the story of Northern Rock or Lehman Brothers before the global financial crisis.

Unlike normal banks, they cannot borrow from the emergency lending window of central banks, and they lack a stable base of savers covered by deposit insurance. 

Prof Rogoff says private equity groups have borrowed heavily to play property markets, which are in various degrees of distress. Prices in the $21 trillion market for US commercial property have dropped 13pc from their peak. Average US house prices are falling at a faster pace than during the subprime crisis, though they have not yet fallen nearly as far.

“I think the property market still has a long way to fall. Some of those private equity firms are going to go bust,” he says.

The FSB says the ‘non-bank’ shadow sector today accounts for half of the total $487 trillion of financial assets worldwide. It warns that over $50 trillion of this is “susceptible to runs” if liquidity dries up or there is an external shock.

To borrow Warren Buffet’s famous adage, you only discover who is swimming naked when the tide goes out.

END

This is very important: Japan has less than 33 weeks of bond purchases to totally run out of bonds to buy.

(zerohedge)

BOJ Is Less Than A Year Away From Running Out Of Bonds To Buy

TUESDAY, JAN 17, 2023 – 03:46 PM

Back in 2015, the IMF was the first organization to run the math on Japan’s endless debt monetization and warned that according to a “realistic rebalancing scenario”, the the BoJ would need to taper its JGB purchases in 2017 or 2018, “given collateral needs of banks, asset-liability management constraints of insurers, and announced asset allocation targets of major pension funds. “

Needless to say, the BOJ did not taper its QE, which first started in 2001 and, with various spurts and starts, has continued for more than two decades. In fact, as the BOJ bought ever more and more debt, last June outgoing BOJ governor Kuroda crossed a historic rubicon when the BOJ became the owner of more than 50% of all Japanese bonds, effectively destroying the JGB bond market where it was the marginal price setter, leading to such bizarro outcomes as a record four days in a row without a single trade!

Fast forward to today, when it is 2023 and about 5 years after the IMF’s initial deadline, and when Japan is hanging on by the skin of its teeth, especially after Kuroda’s December “YCC tweak” surprise blew a gaping hole in the Japanese central bank’s credibility and it is now clear that yield curve control can not be sustained.

What takes its place and when is the 1 quadrillion yen problem according to Bloomberg’s Garfield Reynolds, who goes on to note that Tokyo is going to go on spreading rates and currency market turmoil until a solution of some sort is found.

Meanwhile, the absolutely horrific and frantic pace of recent JGB purchases — some 12t yen in a mere four days — exceeds any single month of buying to date.

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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&frame=false&hideCard=false&hideThread=false&id=1613751327263281154&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fboj-less-year-away-running-out-bonds-buy&sessionId=6ae006ab4a34a272cf70999f48bf9c1498ba6ed5&siteScreenName=zerohedge&theme=light&widgetsVersion=2b959255e8896%3A1673658205745&width=550px

The central bank’s share of the market likely jumped a full percentage point in January to 53%, and the month is only half over. Hilariously, according to Garfield’s calculations, if the BOJ keeps going like this, then it has some 33 weeks or so left until there are no JGBs left in private hands.

Assuming the government actually increases its borrowings, that would add a few more weeks, but the idea that the BOJ might buy the whole local bond market by the end of 2023 isn’t one policy makers would be especially eager to contemplate.

END

3c CHINA /

CHINA/ECONOMY

Do not buy any figures from China. However they do have a demographic problem as their population falls for the first time in decades.

(zerohedge)

“A Historic Turning Point”: China Reports Blowout Q4 Economic Data As Population Falls For First Time In Decades

MONDAY, JAN 16, 2023 – 10:18 PM

If there was any doubt that China is back – or was back even when it was still largely mostly locked down with various now defunct Covid zero restrictions – all those doubts were magically whisked away moments ago when Beijing’s not-so-random number goalseekatron published the data dump for Q4 which – drumroll – not only beat across the board, but absolutely smashed expectations.

Here is what China’s National BS (which stands for Bureau of Statistics of course), reported moments ago for a quarter when Covid Zero was still all the rage (before China mysteriously called time on the worst economic policy of the past three years):

  • Q4 GDP +2.9% y/y; down predictably from the Q3 +3.9% as zero Covid policies hammered growth for most of Q4 (China was mostly locked down during the quarter), but smashing the estimate of +1.6% and not far from the highest forecast (range -1.1% to +3.5% from 28 economists).
  • 2022 cumulative GDP +3% y/y; also beating expectations of +2.7%; curiously this was unchanged from the estimate of the first 9 months which was also at +3%
  • Dec. industrial production +1.3% y/y; beating expectations of  +0.1%, and down from Nov’s +2.2%
  • Dec. retail sales -1.8% y/y; smashing expectations of a -9% plunge, and a big improvement from Nov’s -5.9% plunge.
  • Jan.-Dec. fixed-asset investment excluding rural households +5.1% y/y; also beating expectations of +5%, and a modest slowdown from the Jan.-Nov. print of +5.3%
  • Dec jobless rate 5.5%, down from 5.7% in Nov.

Solid data dump aside, there was continued weakness across property and housing, although as we already know this sector is poised for a huge surge now that China is phasing out its “three red lines” and its bad debt firms are planning up to $24 billion in support for developers.

  • Jan.-Dec. property investment -10% y/y vs -9.8% in Jan.- Nov.
  • Jan.-Dec. residential property sales -28.3% y/y vs -28.4% in Jan.-Nov.

A snapshot of the data:

On paper, all of the above looks great. On paper, however, it’s of course all fake as Australia’s Bill Birties points out:

It is extraordinary that an economic quarter that saw restrictions across multiple cities for Covid followed by mass nationwide outbreak in December… would see not only as much economic activity as the same period a year earlier, but almost 3% more…

But while the “surprise” beat in China’s GDP (and everything else) was tonight’s big headline, there was another big headline in the big (non-surprise) decline in China’s population. As the NBS reported, China’s total population fell by 850,000 in 2022, to about 1.41 billion at end-2022, a drop for the first time since 1961, the final year of the Great Famine under former leader Mao Zedong.

According to the data, a total of 10.41 million people died, a slight increase from around 10 million recorded in recent years (good thing there were no pandemic at the time). At the same time, some 9.56 million babies were born in 2022, down from 10.62 million a year earlier, the lowest level since at least 1950, despite efforts by the government to encourage families to have more children.

“This is a truly historic turning point, an onset of a long-term and irreversible population decline,” said Wang Feng, an expert on Chinese demographic change at the University of California, Irvine.

While the decline officially began last year, with deaths outstripping births, the FT notes that some demographers argue that the trend likely started before then. Fuxian Yi, a demographer at the University of Wisconsin-Madison, estimated that China’s population started to fall in 2018, but the drop was obscured by “faulty demographic data”.

“China is facing a demographic crisis that far exceeds the imagination of Chinese authorities and the international community,” said Yi, noting that the trend will act as a long-term drag on the country’s property market, a crucial engine of growth.

“Abundant labor has been the fuel that has driven China’s rapid growth for more than four decades,” said Yi, “and now China is flying at high speed without enough fuel.”

Some economists argue that the rise of automation will offset rising labour costs as the number of workers shrinks.

China’s demographic disaster aside, the stellar economic data – at least in the context of consensus expectations – was still quite poor: China’s economy grew at the second slowest pace since the 1970s in 2022 as Covid restrictions hammered activity, though better-than-forecast fourth quarter and December data add to optimism it may be primed for a recovery; it was also well below the governments target last year of around 5.5%, although that’s where 2023 comes in. According to Ho Woei Chen, an economist at United Overseas Bank in Singapore, China’s latest economic data suggest the momentum for recovery will be stronger in 1Q this year with the reopening of the borders and relaxation of the regulatory oversight in some sectors including property. And it’s all uphill from there.

“We are maintaining our forecast for 2023 at 5.2%. Economic recovery is likely to accelerate in 2Q as the population achieves herd immunity, which will pave the way for further normalization in activities and a v-shaped recovery in private consumption”

“On the key risks, we remain cautious on the external outlook and the sluggish real estate market could also take the tailwind out of this recovery.”

Still, even 5.2% might not be enough. According to the head of the National Bureau of Statistics, Kang Yi, China has to more than double the current per capita GDP of about $12,700 in order to achieve its 2035 goal, although now that the population is declining, this target may be easier to achieve even if it means eventually surrendering the superpower status to India which as of this moment is officially the world’s most populous country.

end

4/EUROPEAN AFFAIRS/UK AFFAIRS//

UK

Interesting:  Ukrainian refugees are going home for medical treatment rather than endure long waiting times

(zerohedge

Ukrainian Refugees In Britain Are Going Home For Medical Treatment Rather Than Endure NHS Waiting-Times

SUNDAY, JAN 15, 2023 – 09:55 AM

Authored by Thomas Brooke via Remix News,

Ukrainian refugees in Britain are making return trips to their homeland to receive medical treatment instead of waiting to access the U.K.’s National Health Service (NHS) after a spate of strikes brought the public healthcare system to its knees.

A report by British news outlet inews cited a number of instances in which those who had fled the conflict in Ukraine simply gave up on long wait times to access medical care in Britain, opting instead for the perilous 24-hour journey to the war-torn country to be seen by a medical professional almost immediately.

The left-wing news outlet used the reports to criticize Britain’s governing Conservative party, which has been locked in fierce, long-running negotiations with unions of NHS workers demanding pay rises in line with Britain’s inflation.

inews detailed the account of one refugee, Maiia Habruk, who reportedly fled the Ukrainian capital of Kyiv last year to settle in southeast London. After suffering a severe toothache, she logged her symptoms on an NHS chatroom and was told to expect a call from a medical professional the following day. This never happened, so she went to her local Accident and Emergency (A&E) department, also without success.

“After waiting four hours, the doctor didn’t even look at me, and she also told me to take paracetamol. Again, it didn’t help, and I was still in severe pain,” Ms. Habruk told the news outlet.

She ended up traveling back to Ukraine via Poland where she says she was seen by a doctor immediately.

“I was told it was an urgent issue with my wisdom tooth and that I had to have an extraction immediately.

“I do not in any way want to criticize the NHS. I think it’s amazing that everyone can get help for free,” she added.

The Ukrainian woman told the news outlet she knew of three others residing in London who had opted to return to war-torn Ukraine for medical treatment instead of waiting to use Britain’s public healthcare system.

Another Ukrainian woman living in the Scottish city of Glasgow, whose healthcare system is managed by the devolved left-wing Scottish government, also reportedly traveled home for medical treatment, according to Scottish Liberal Democrat leader Alex Cole-Hamilton, who raised the issue with Scotland’s First Minister earlier this week.

Some members of the public took to social media to question whether it is right that those choosing to make trips back to Ukraine remain entitled to claim asylum in Britain.

“If they are able to and willing also to return to Ukraine then they weren’t a ‘refugee,’” wrote one social media user, while another said:

“If the refugee can go home to see their doctor, then why are they in the U.K.? If it’s safe to see your doctor, it can’t be unsafe to live there too.”

A third added:

“Odd definition of refugee if they’re going back to their native country for appointments. Very odd indeed!”

The U.K.’s Conservative government announced in March last year that Ukrainians arriving in England are eligible for free-of-charge access to NHS healthcare, including GP and nurse consultations, hospital services, and urgent care centers.

However, nurses and ambulance staff in England have been on strike over the winter as they attempt to force the government’s hand to agree to pay hikes. The strikes have seen millions of Brits waiting even longer for medical appointments and ambulance response times being the worst on record.

Two more 12-hour nurse strikes have been organized for next week, while ambulance staff will walk out again on Jan. 23 if no suitable compromise over pay has been agreed upon.

end

UK/ECONOMY/REAL ESTATE SECTOR

UK’s property sector in a deep freeze.  It began shortly after Truss’ mini buget sparked turmoil 

(zerohedge)

Dealmaking Freeze Hits London Offices After Truss’ ‘Mini-Budget’ Sparked Turmoil

TUESDAY, JAN 17, 2023 – 04:15 AM

Last autumn, former Prime Minister Liz Truss’ disastrous mini-budget sparked financial turmoil across UK markets. The Bank of England was forced to intervene with a massive bond-buying scheme to halt pension fund deleveraging. One market that was exceptionally roiled by the chaos was the UK commercial property market. 

Truss’s then-chancellor, Kwasi Kwarteng, caused financial turbulence and fears of a 2008-style financial crisis by unveiling the mini-budget, also known as “The Growth Plan,” which was designed to boost economic growth through tax cuts that were funded by fiscal stimulus. This caused dysfunction in the UK gilt market and led to pensions unloading everything from stocks, bonds, collateralized-loan obligations, and even office buildings. That quickly cooled investments in London office buildings in the fourth quarter. 

Real estate information provider CoStar Group Inc. revealed £400 million ($488 million) of offices in the UK were bought and sold in the fourth quarter, an 88% plunge from the prior quarter. 

Bloomberg noted, “the dealmaking freeze — worse than the decline during the financial crisis or Covid-19 lockdowns — came as former Prime Minister Liz Truss’s proposals for unfunded tax cuts spooked markets.” 

CoStar’s data shows the two-decade quarterly average for offices bought and sold is around £3.5 billion ($4.2 billion). So the last quarter’s figure reflects the turmoil sparked by Truss. Also, buyers are on the sidelines as they wait for price adjustments due to higher borrowing costs and the rising risk of recession.  

At the time of the turmoil last fall, pensions were unloading positions in the UK’s largest property funds, causing these funds to gate redemptions to avoid asset “firesales.”  

And the turmoil is unlikely to be over. US fund manager BlackRock recently suspended redemption requests from investors in its £3.5 billion ($4.2 billion) UK property fund. 

The net asset value of the BlackRock UK Property Fund has been on a rollercoaster ride in the last few quarters and roundtripped Covid lows. 

It seems like a combination of Truss’ disastrous mini-budget sparking financial chaos late last year and increasing economic uncertainty have led to freezing the UK office property market

end

EUROPE/WEATHER

French and German power prices soar as cold weather sweeps Europe

(zerohedge)

French And German Power Prices Soar As Cold Sweeps Europe

TUESDAY, JAN 17, 2023 – 07:13 AM

Update (0713ET): 

After a mild start to the year, cold weather sweeping across western Germany, France, and the UK led to a surge in electricity prices on Tuesday. 

French day-ahead power prices jumped to 135 euros a megawatt-hour, a 42% increase versus the rolling two-week average. The cause of the price spike is a surge in heating demand and delays in restarting nuclear plants. 

Day-ahead prices in Germany, Europe’s largest economy, increased as much as 16% Tuesday.

“Cold is expected to grip areas from the mid-continent to west, including in western Germany, France and the UK where average departures from normal range anywhere between 2-6 degrees Celsius below normal,” Matthew Dross, a meteorologist at Maxar Technologies, told Bloomberg. 

Dross said the cold spell “will increase heating demand for those regions to above normal levels.” 

Despite colder weather and increasing heating demand, Dutch front-month natural gas futures, Europe’s benchmark, slid as much as 7.3% after rising 4.6%. Prices have clawed back some losses after tagging 16-month lows. 

Mild temperatures are expected to return next week, denting demand once more. Morgan Stanley recently wrote that Europe’s NatGas consumption in the year to October could be as low as 16% below the five-year average. 

“Even if it makes gas-fired power plants increasingly competitive with coal-fired power plants, it does not lead to an increase in gas demand for power generation because” other cheaper power generation sources will be used first, Engie SA’s EnergyScan wrote in a note. 

*   *   * 

Record warmth spread across Europe in the first half of January. Temperatures in the energy-stricken continent felt more like spring as several metropolitan areas recorded the warmest temperatures on record. Now a pattern shift is underway as parts of northwest Europe brace for a cold snap starting Monday. 

The latest runs for global weather models, including GFS Operational and ECMWF Operational, show what appears to be a downward shift in temperatures for northwest Europe. Average temps are expected to average in the low 30s degrees Fahrenheit this week, below 5,10, and 30-year averages. 

GFS and ECMWF models show temperatures in London could decline to the low 30s by tomorrow — well below average for this time of year. 

A similar cold spell in Paris is slated for early this week. 

As well as colder temperatures in Berlin. 

Freezing temperatures across northwest Europe for the second half of the month will push up heating demand.  

Mild temperatures curbed heating demand and allowed for injections into natural gas storage at a time when supplies should be drawing. But that could change with the return of winter. 

The return of freezing conditions did very little to boost EU nature gas prices, which fell to the lowest level since September 2021 as the supply outlook remained robust. 

“There currently appears to be no end to the losses on the European gas market,” analysts at trading firm Energi Danmark A/S wrote in a note. They added: 

“The panic-like situation from last year has been replaced by confidence that Europe will get through this winter without any supply issues.”

Still, some are warning winter isn’t over.

END

DAVOS/

Why an absence of A-listers at Davos is not just deep trouble for the World Economic Forum, but for globalization too | Business News | Sky News

Robert Hryniak10:43 AM (2 minutes ago)
to

As economies falter being a DAVOS young leader is not astute, nor is attendance for what is failed MARXIST philosophy. Klaus was never a original thinker in his idealism, rather he has attempted to follow Marx. And how did that turn out? Only supposedly 400 attendees showed out of the 2700 who supposedly were coming. And it is a question as to who will pay the cost of 5000 Swiss military personnel to guard this show?

Reality is that government debt is at runaway proportions and unsustainable. Pensions lack solvency and funding as does social welfare. When yesterday in Zerohedge there were two stories of so called Ukrainian refugees living in England going back to the Ukraine for health care not availed in the UK; one must ask who is the refugee, the Ukrainians or the Brits, who do not have an another option for healthcare? Just like globalism is dead which shakes globalists to the core because their whole model is collapsing in real time. And that means corporate ills. The same problem exists for hegemony controlled by singular nations like America using the USD as a control and a hammer backed by a military might, that diminishes in effect and supremacy. And this actually defies China’s Yuan hegemony ambitions to replace the USD because the forces released favor decentralized currencies that garner value by actual Trade Output! And where this Output defines the actual value in core value currency swaps to settle. This is actually at the heart of the new BRIC currency model is based on a decentralized valuation of currencies based on floor values of output and exchange. Realizing this is why the rush to Eurasia while leaving the West to choke on lessened exchange and output lowering the value of Western currencies. The reality is trade based on production and desired goods is the driver of value, minus dictated exchange. It is only time before more countries want gold or alternative currencies to the USD for oil as a result. This event will lower not just the USD but all those currencies defend in relation to it.

Is this not why progressive nations are using national currencies for trade settlement? Thus in effective causing decentralization of trade value taking control and wealth away from centralized currency hegemony? Ukraine will be America’s Waterloo, if it is not careful. And not just for hegemony but for the USD, if it does not  walk away soon. It can ill afford another Afghanistan fiasco that reeks of lost money and prestige and authority.

It is only a matter of time before people awaken to the realization that growing government debt is unsustainable. And then what? Who and what nation or even company will question the value of debt or currency? Is this perhaps why we see oil swapped for gold to bolster currencies?  Reality is that trade output defines the value of a nation and not debt creation. Think about this. Your work and labor that creates value is what defines your ability to spend and live. It really is that simple. Governments are no different as gravity of weight  of outstanding debt always brings crashing reality to light. Recently, I traveled to the US, as the bills arrive I noticed the value of the CDN is is $.61 to the USD meaning each USD is $1.39 in CDN. Hardly a expression of real value, given that not long ago it was closer to par. This type of alignment is happening in real time around the world, which is why assets like gold are rising, and why cash is becoming more valued as less is availed through actual liquidity that is accessible.

As the world changes, the patterns of trade and wealth will change in concert ignoring anyone’s ability to stave off reality. And thus become the reality and Canvas of life before us. Will you be ready?

https://news.sky.com/story/why-an-absence-of-a-listers-at-davos-is-not-just-deep-trouble-for-the-world-economic-forum-but-for-globalisation-too-12788056

end

EUROPE VS RUSSIA

Laughter with tears

Robert Hryniak1:19 PM (2 minutes ago)
to

the winner of the Maximum Stupidity prize at Davos is – who else – Ursuela von der Lugen, who speak of Sanction’s success on hurting Russia that will last a decade. Perhaps she really meant to say the impact will last a decade on Europe. 

Compare it to reality to what Putin recently said:

“According to the Ministry of Economic Development, the gross domestic product of Russia in January – November 2022 decreased, but only by 2.1%, while some of experts in the country, not talking about foreign experts, predicted a drop of 10, 15 or even 20%. In general, a decline of 2.5% is expected for the year, I emphasize – this is for the year as a whole, while economic growth was recorded in the third and fourth quarters, compared with a sharp drop in the second quarter. Our task is to support and consolidate this positive trend.

Many of the most important industries, such as construction, agriculture, defense industry not only did not reduce over the past year, but despite unprecedented external pressure they increased volumes and created new jobs. This stabilized the labor market, unemployment reached the lowest level in recent history”.

Can this not be more stark? Sanctions are a failure on Russia and instead have served as a British Man of War broadside ( ship) to Western economies. 

What is not said by either party is that this Russian feat has been accomplished without normal trade with the West. Instead look at the sheer contraction and shut downs of factories across Europe devastating all stakeholders from owners to employees to suppliers etc. 

Yes, Europe will feel the impact for a long time and this next year the impact will be greater than it is now. One might imagine there is NO cheap Russian gas coming any time soon and nor is there adequate alternative supply to face next winter. And what supply comes forth renders European industry in trouble. All manufacturing in Europe is in difficulty with rising energy costs and weak market demand. 

And you wonder why Capital is leaving Europe?

END

UK/UKRAINE

UK sending heavy tanks and this will intensify the conflict and endure more casualties according to the Kremlin

(zerohedge)

UK Sending Heavy Tanks Will Only “Intensify” Conflict With “More Casualties”: Kremlin

SUNDAY, JAN 15, 2023 – 12:00 PM

The Ukrainian government has recently issued a call for its Western backers to provide heavy tanks so in can beat back Russian forces, after countries like Poland and other Eastern European governments have already provided an estimated 300 modernized Soviet tanks since last February.

But Kiev is urging for hundreds more Western-manufactured tanks to be sent, especially the US M1 Abrams. But so far Washington has only pledged light infantry carriers – the Bradley Fighting Vehicle.

As we detailed previously, it’s now the UK and Poland leading the charge among allies to send tanks, given London lately announced it will send the the Challenger 2, widely considered a highly capable main battle tank. But a new warning from Moscow has said the decision will only intensify the conflict, saying that instead of bringing any significant Ukrainian edge on the battlefield, more civilians will be harmed in the fighting.Getty Images

“Bringing tanks to the conflict zone, far from drawing the hostilities to a close, will only serve to intensify combat operations, generating more casualties, including among the civilian population,” a weekend statement by the Russian embassy in London said.

Undeterred by Russia’s warnings, Ukrainian President Zelensky thanked the UK for the takes, suggesting that Britain has made it easier for other allies to send heavy tanks. He said this “will not only strengthen us on the battle field, but also send the right signal to other partners“.

Zelensky and his top officials have also repeatedly requested air power in order to “close the skies” given clearly Russia has a significant aerial tactical advantage, though the US is now training Ukrainian personnel on how to operate Patriot anti-air defense missiles. 

“To win this war, we need more military equipment, heavy equipment,” a statement from Zelensky’s office also urged. Poland days ago pledged German-made Leopard tanks.

As for air power, UK tabloid papers have reported that Britain will also supply a handful of Apache attack helicopters, but this prompted an immediate denial of the claims by the British government

The tanks package is expected to be delivered to the Ukrainians “in the coming weeks” according to a UK statement, and it will be a squadron, or 14 ‘Challenger 2’ tanks, including over two dozen AS-90 artillery guns.

END

UK//VACCINES/EXCESS DEATHS:

Just take a look at what was the BBC’s most viewed program of 2023:  excess death/vaccine harm illustrated by Dr Aseem Nalhotra:

(Nick Rendell/DailySceptic.org)

Will Aseem Malhotra’s Appearance Be The BBC’s Most Viewed Program Of 2023?

MONDAY, JAN 16, 2023 – 04:00 AM

Authored by Nick Rendell via DailySceptic.org,

What attracted the biggest TV audiences of 2022? Top of the list was the Queen’s funeral, with 25 million viewers. Then came England’s World Cup quarter final exit with 21.3 million. Some 17.4 million watched the Women’s European Cup victory. We then drop down into the top TV shows. The final of I’m Celebrity Get Me Out Of Here had 11.9 million glued to their TV sets. 10.5 million watched the final of Strictly and 9.1 million tuned in to Eurovision.

It’s unlikely that there’ll be a big royal funeral or wedding in 2023. There’s a Rugby World Cup but not a football one. There are no Olympic Games. So, where can the TV Networks find their big hits for the coming year?

Well, courtesy of Elon Musk’s takeover of Twitter, Dr. Aseem Malhotra may just have provided 2023’s biggest TV moment. 

A few minutes into the conversation, he began discussing what people should do to reduce the risk of heart disease. He said, “One of the reasons this is coming to the news just now, obviously there has been a big concern about excess deaths… since the pandemic there has been 30,000 excess deaths specifically due to coronary heart disease, that’s my area of expertise… What my own research has found and this is something that is probably a likely contributing factor, is that the COVID mRNA vaccines do carry cardiovascular risk.”

He added that a likely cause of his own father’s death after he had a cardiac arrest was the two doses of the Pfizer vaccine he received six months earlier.

Burak asked him, “That’s been proven medically, has it?”

He responded claiming there was “lots of data” to support his claim. He added, “The vaccine has certainly helped people who are high risk, but now we should be reassured that [the] Omicron circulating is really no worse than the flu. This is really time to pause the vaccine rollout.”

During the interview, he said that he called for the vaccine rollout to be suspended pending an inquiry because of the “uncertainty” behind excess deaths.

the video of Dr Malhotra:

https://www.zerohedge.com/covid-19/will-aseem-malhotras-appearance-be-bbcs-most-viewed-program-2023

As I write this, the seven minute clip of him being interviewed on a BBC news show on January 14th passed 14.8 million views [ZH: 17.8 million now]. Now, wouldn’t you think that merited some form of acknowledgement from the BBC? If you were the BBC’s Head of Programmes wouldn’t you think: “Wow, we’ve had 14.8 million views, there’s a programme in this?”

It seems incredible that the BBC and, by association, the Government, think they can just bury the story. As if, so long as it isn’t mentioned, the other 50-odd million people in the country won’t also think, “Hmm, there’s something not quite right about these vaccines”. Surely radio silence only adds to the unease. Since the creation of the ‘Trusted News Initiative’, I’ve lost all trust in the BBC. Its obsessive focus on Net Zero and intersectionality sounds suspiciously like a USSR era Pravda piece about tractor production in Murmansk.

I suspect the reason the Malhotra clip has cut through so far and fast is because it perfectly resonates with people’s ‘lived experience’; everyone knows someone whom they suspect has been harmed by the vaccines.

My own sister-in-law dropped dead of SADS (Sudden Adult Death Syndrome) back in August 2022. A fit, size 10, keen cyclist, found dead in her garden one morning.  She had been just about to set off on a bike ride. The autopsy could find no specific cause, noted some small clotting in the heart, but nothing that the pathologist seemed to think should have killed her.  

She’d had three doses of the vaccine. I’ve no idea whether the vaccines were the cause or contributory to her death, but I did feel that if a more open debate about the safety (or otherwise) of the vaccines had been allowed, at least the pathologist might have been open to considering it, even if only to dismiss it for specific reasons. 

But, of course, whether the vaccines were responsible or not, there was absolutely no reason for her to have been vaccinated in the first place. Like everyone else who is not vulnerable, she was never at any risk from Covid. She’d had Covid in 2020: a day in bed, slight headache, backache. It held no fears for her, but she wanted to go on holiday.

It wasn’t only her family that were taken aback by my sister-in-law’s death. In the small Cumbrian town in which she lived, a bloke keeled over in the street with a heart attack. In a nearby village someone else died suddenly, all within a week or so. To everyone it seemed odd – it was the talk of the town. And though the talk was always in hushed voices, word of mouth is a powerful medium.

A friend told her neighbour, a hospital nurse, about my sister-in-law’s death. “Oh,” she replied, “we call it a Covax death,” as if they happen all the time. Another friend, on hearing the tale told me of her nephew, 27 years-old, had a stroke a couple of weeks after his second vaccine. Everyone has a story.

The start of the 2021 football season kicked off a similar round of whispers. Trevor Sinclair, the football pundit, got in trouble for even daring to raise the issue on air. Virtually every game seemed to have either a medical emergency on the pitch or one in the crowd, sometimes more than one. I was at a Mansfield Town game many years ago when they were having an FA cup run. In a game against West Ham, someone in the crowd had a heart attack. It was quite a thing, but in all the hundreds of games I’ve ever watched, that’s the only time I remember a game stopping for such an incident. Then suddenly last year it was happening every week.  Related to the vaccines? I don’t know, but I think someone should be looking into it, not gaslighting the millions watching into believing this was normal.

Of course, people are going to speculate. The BBC do themselves no favours by pretending it isn’t a real concern.

But, what’s becoming interesting now are the conspiracy theories. Cock-up or strategy? Could a BBC news producer or editor really be so detached from the biggest story of the past two years to not know that Dr. Aseem Malhotra is a vaccine sceptic? The shock on the face of the interviewer is perhaps more understandable if all she does is read autocues, but for someone who is responsible for a BBC news programme not to be aware is frankly incredible, in the true sense of the word. If it’s ‘incredible’, so the conspiracists argue, then it must have been planned. Does this signify a change in the mood music? The producer should be grateful that the BBC’s Trusted News Initiative’ has yet to fully embrace Pravda’s modus operandi, or else they’d have been taken outside and shot. A fate that might yet, metaphorically, befall both the BBC producer and Dr. Malhotra, courtesy of the GMC.

The Chinese Communist Party didn’t abandon ‘Zero Covid’ because of a few protests, but because it wasn’t working. Infections were taking off regardless of strict lockdown measures. It’s the same with vaccine scepticism. Doubts about vaccination will only continue to grow while deaths exceed normal levels. Dr. Malhotra’s piece may yet push us past the tipping point where these concerns have to be addressed.

My personal view is that vaccines played an important part in breaking us out of the unsustainable lockdown loop. I don’t think vaccines made much difference to lives lost – the emergence of Omicron and prior natural immunity did that – but vaccination gave the elderly the confidence to emerge from behind their locked doors. We’d have been as well off giving everyone a saline shot rather than blowing billions on vaccines. No, the real crime lay in extending vaccines to those who didn’t need them.

If we’d stuck with Plan A, articulated by both Kate Bingham and Matt Hancock back in late 2020, and only offered vaccines to the elderly and vulnerable, confidence in all vaccines wouldn’t now be at all-time low.

It’s worth remembering that boosters haven’t been offered to the non-vulnerable under-50s for about 18 months [ZH: in the UK], and since not even the manufacturers claim any ongoing efficacy for vaccines after about six months, then the only possible reason for not offering additional vaccine boosters to the under-50s is because it’s thought they’ll do more harm than good.

So, does the Dr. Malhotra appearance herald a change in tack by the BBC? Are the vaccines about to be thrown under a bus? I doubt it, but I bet there are a few TV production companies lining up a debate somewhere and just looking for a TV broadcaster to commission it. You never know, maybe Twitter could air it live, there’s a record TV audience just waiting to watch it. I’m sure such a debate could ‘educate, entertain and inform’. Something the BBC was once quite good at.

END

UK//VACCINES/EXCESS DEATHS:

(Twitter/BBC)

Excess deaths in 2022 among worst in 50 years

  • Published5 days ago

trolley in hospital corridorIMAGE SOURCE,GETTY IMAGES

By Robert Cuffe & Rachel Schraer

BBC News

More than 650,000 deaths were registered in the UK in 2022 – 9% more than 2019.

This represents one of the largest excess death levels outside the pandemic in 50 years.

Though far below peak pandemic levels, it has prompted questions about why more people are still dying than normal.

Data indicates pandemic effects on health and NHS pressures are among the leading explanations.

Is it Covid?

Covid is still killing people, but is involved in fewer deaths now than at the start of the pandemic. Roughly 38,000 deaths involved Covid in 2022 compared with more than 95,000 in 2020.

We are still seeing more deaths overall than would be expected based on recent history. The difference in 2022 – compared with 2020 and 2021 – is that Covid deaths were one of several factors, rather than the main explanation for this excess.

Chart showing deaths reported each week in 2022. More deaths than expected were registered consistently through the second half of the year, with Covid only accounting for a portion of that excess.

So what else might be going on?

The crisis in healthcare

A number of doctors are blaming the wider crisis in the NHS.

At the start of 2022, death rates were looking like they’d returned to pre-pandemic levels. It wasn’t until June that excess deaths really started to rise – just as the number of people waiting for hours on trolleys in English hospitals hit levels normally seen in winter.

On 1 January 2023, the president of the Royal College of Emergency Medicine suggested the crisis in urgent care could be causing “300-500 deaths a week”.

It is not a figure recognised by NHS England, but it’s roughly what you get if you multiply the number of people waiting long periods in A&E with the extra risk of dying estimated to come with those long waits (of between five and 12 hours).

It is possible to debate the precise numbers, but it’s not controversial to say that your chances are worse if you wait longer for treatment, be that waiting for an ambulance to get to you, being stuck in an ambulance outside a hospital or in A&E.

And we are seeing record waits in each of those areas.

In November, for example, it took 48 minutes on average for an ambulance in England to respond to a suspected heart attack or stroke, compared to a target of 18 minutes.

Lasting effect of pandemic

Some of the excess may be people whose deaths were hastened by the after-effects of a Covid infection.

number of studies have found people are more likely to have heart problems and strokes in the weeks and months after catching Covid, and some of these may not end up being linked to the virus when the death is registered.

As well as the impact on the heart of the virus itself, some of this may be contributed to by the fact many people didn’t come in for screenings and non-urgent treatment during the peak of the pandemic, storing up trouble for the future.

Line chart showing new blood pressure prescriptions each month from 2019 through 2021. There was a sharp drop-off in the early months of the pandemic.

We can see that the number of people starting treatment for blood pressure or with statins – which can help prevent future heart attacks – plunged during the pandemic and, a year later still hadn’t recovered.

The largest jump in excess deaths was seen in men aged 50-64, most commonly caused by heart problems.

No evidence of vaccine effect

The rise in cardiac problems has been pointed to by some online as evidence that Covid vaccines are driving the rise in deaths, but this conclusion is not supported by the data.

One type of Covid vaccine has been linked to a small rise in cases of heart inflammation and scarring (pericarditis and myocarditis). But this particular vaccine side-effect was mainly seen in boys and young men, while the excess deaths are highest in older men – aged 50 or more.

And these cases are too rare – and mostly not fatal – to account for the excess in deaths.

Finally, figures up to June 2022 looking at deaths from all causes show unvaccinated people were more likely to die than vaccinated people.

While this data on its own can’t tell us it’s the vaccine protecting people from dying – there are too many complicating factors – if vaccines were driving excess deaths we would expect this to be the other way around.

END

5.UKRAINE RUSSIA//MIDDLE EASTERN AFFAIRS

RUSSIA/UKRAINE

Putin hails the positive momentum in Ukraine as well as discussing that its economy is quite stable despite the war

(zerohedge)

Putin Hails “Positive” Momentum In Ukraine, “Stable” Economy In Surprisingly Upbeat Remarks

SUNDAY, JAN 15, 2023 – 05:00 PM

Fresh off the Russian armed forces declaring victory in the strategic Donetsk town of Soledar days ago, Russian President Vladimir Putin surprised officials in the West by touting the ‘positive dynamic’ of the Ukraine operation overall, despite the prior months of setbacks and a slower-going operation than Moscow expected. 

He said in fresh weekend comments to Rossiya 1 state television when asked about the successful Soledar operation that “The dynamic is positive.” He described that “Everything is developing within the framework of the plan of the Ministry of Defense and the General Staff.” Putin followed with, “And I hope that our fighters will please us even more with the results of their combat.”Sputnik via Reuters

He also made comments on the state of the economy while confirming that Russia will turn for trade to Asian powers, China and India in particular. 

“The situation in the economy is stable,” Putin said. “Much better than not only what our opponents predicted but also what we forecast.” For this he cited low unemployment, saying: “Unemployment is at a historic low. Inflation is lower than expected and has, importantly, a downward trend.”

Despite his county finding itself more isolated than ever before in its modern history, and despite unprecedented Western-led sanctions, Putin showed no signs of backing down from objectives previously set in Ukraine, as Reuters summarizes of the new remarks

“Putin now casts the war in Ukraine as an existential battle with an aggressive and arrogant West, and has said that Russia will use all available means to protect itself and its people against any aggressor.”

Further the report characterized the Western stance in the following: “The United States and its allies have condemned Russia’s invasion of Ukraine as an imperial land grab, while Ukraine has vowed to fight until the last Russian soldier is ejected from its territory.”

Meanwhile, as we previewed recently, there are reasons to believe Russia is readying an escalation in response to the West sending tanks and deepening its military involvement in support of Ukraine forces. Aftermath of missile strike on residential complex in the central city of Dnipro, via BBC.

But for now, the defense ministry is continuing its strategy of pummeling Ukraine’s energy grid and civilian and military infrastructure through major air strikes. Attacks on Sunday and Saturday marked about the 12th large wave to come in recent months. Air alert sirens have been sounding across the country on Sunday. 

Russia’s army described that it targeted “the military command and related energy facilities,” and said that “all targets were reached.”

Ukraine’s national energy operator Ukrenergo said it’s again working to quickly restore power in impacted places but acknowledged this latest attack has “increased the energy deficit.”

“The period of outages may increase,” it acknowledged, already after the national grid having been severely degraded for months, and as emergency blackouts continue for most of the country, with more severely impacted areas with permanent blackouts.

The weekend airstrikes may have included high civilian casualties, compared to prior waves, given the Ukrainian government says a large residential tower was directly hit in the central Ukrainian city of Dnipro.

The New York Times details of the Saturday afternoon strike at a moment a rescue operation is still underway, “Rescuers on Sunday continued to comb the rubble of a nine-story apartment building that was cut in half by a Russian strike, as the death toll from the attack in the central Ukrainian city of Dnipro a day earlier climbed to 30,” and noted: “It was one of the largest losses of civilian lives far from the front line since the beginning of the war.”

“By Sunday evening, 30 people had been confirmed dead, according to Ukraine’s State Emergency Service,” the Times continued. “At least 75 people were injured, and more than 30 people were still believed to be missing, local officials said.”

end

UKRAINE/GERMANY

Criticisms mount over Germany’s role in supporting the war in Ukraine

(zerohedge)

German Defense Minister Resigns As Criticism Over Ukraine Mounts

MONDAY, JAN 16, 2023 – 09:30 AM

Germany’s Defense Minister Christine Lambrechthas stepped down on Monday after what’s widely reported as a series of blunders and PR disasters, and amid accusations she’s been too slow and inept in providing Ukraine defense aid.

A member of Chancellor Olaf Scholz’s Social Democrats (SPD), she’s been a headache for the Scholz government, and alongside rising criticism over the handling of Ukraine, she’s been accused of bungling Germany’s own defense readinessGerman Defense Minister Christine Lambrecht resigned Monday, via DPA

Southwest promises refunds over snow chaos

Lambrecht made reference to some recent embarrassing PR moments in her resignation letter, which said in part: “Months of media focus on me doesn’t allow for fact-based reporting and discussion about soldiers, the army and security policy in the interest of German citizens.”

“The valuable work of the soldiers and many motivated people in the defense area needs to be in the foreground,” the letter added.

Criticism grew most fierce over the last two weeks over an awkward New Year’s Eve message and video her office published, as Deutsche Welle (DW) describes

The move comes after German media outlets reported on Friday that the defense chief intended to step down after a much-criticized New Year’s Eve message she posted on social media. 

In her message, Lambrecht mentioned the war in Ukraine with the sound of fireworks in the background. Members of the opposition Christian Democratic Union (CDU) called out the message as tone-deaf and urged her to resign.

According to the same publication, “Her gaffes included taking her adult son on an official trip to a unit in northern Germany in a German Armed Forces helicopter, only to continue with him on vacation in Sylt.” Talk of her imminent resignation began on Sunday.

The New Year video that set off the most recent widespread criticism: 

Perhaps more importantly she’s been seen as emblematic of Berlin’s hesitancy to step up defense aid to Ukraine, amid pressure from other NATO allies. For example, she once came under fire for saying that 5,000 military helmets to Ukraine was “a very clear signal that we stand by your side.”

Currently, the Scholz government is coming under more and more pressure as other European countries like the UK and Poland begin sending heavy tanks to the Ukraine conflict. Already, Berlin agreed to send 40 Marder armored personnel carriers, as well as a Patriot air-defense missile battery to Ukrainian forces.

end

A must read

Both Robert’s comments and Mike Whitney’s commentary:

Is Biden being Blackmailed to Send US Combat Troops to Ukraine?, by Mike Whitney – The Unz Review

Robert Hryniak8:56 AM (1 hour ago)
to

So if we do the math carefully what this says apart from the fact the crane is losing badly to Russia. The reality is it at least 11 million Ukrainians have left the Ukraine whether they’ve gone to Europe or to Russia or elsewhere they’ve left. So if you do the math starting at 44 million before this all started. You realize that the population is down to at least 30 million according to this writing. The reality is somewhat less. Not withstanding a fact that the neocons want  a new army to fight Russia. It is meaningless on the battlefield, not enough Ukies exist. And another 30-50,000 will die during the next 6 weeks.

Why do I say meaningless? It is quite simple if you do the math of what it takes to support an army you need the industrial capacity in line with a scale and scope of the fight at hand. There is no way that the west is prepared or has a capacity to fight a one on one confrontation with Russia. If it had the capacity then America would not have to go to South Korea or Pakistan to buy artillery shells to send the Ukraine, because no NATO supply exists.it is gone. This is a fact, not a fiction.

As for sending in the 90,000 troops in Romania or the 12,000 in the Baltics or the quarter million conscripts that are being trained in Poland or whatever number of British troops it is all meaningless. Why because in addition to the forces originally established and presented in the confrontation Russia has called up a reservist group of 300,000. In addition to that another 80,000 have volunteered who have combat experience that means the Russia has fielded a force of at least 450,000 to 500,000 troops coming soon to the Battlefield. And all this comes with the artillery and missile support and air power of a modern day peer who contrary to the daily doses of balderdash never runs out of weapons or Artillery shells or missiles.

In addition the Wagner forces and whatever number of troops have come from Chechnya certainly raise this number by likely another 50 to 60,000 troops.

Armchair warriors in Washington who gladly seek to see others die on battlefields have no idea of what they’re getting themselves into. If these for the NATO forces go in as a coalition of the willing, at least 50% of them will be dead in the first two weeks. Russia will takes the gloves off. So what comes then does Washington escalate ? Escalate with what? The answer is simply there is that at that point no choice but to go nuclear. Whether we like it or not we are approaching a Cuban missile crisis of one form or another that is probably more terrible than what was faced before. If and when one missile is launched at Moscow, do not expect the Russians to roll over and play dead. They will respond before such a missile enters Russian air space with a response that is greater.

These are very dangerous times that we are entering into. The scope of the escalation is quite worrisome because the greater the scope the more likely the impact on the stability of US hegemony midst all the changes that are occurring with Trade going on throughout Eurasia and in the global south which excludes the west. No one will win in a nuclear exchange.

We can only hope that intelligence prevails over silly foolish weak minds who seek destruction. Otherwise, what we will see is what the world never wanted to see, a true confrontation with Russia that will leave many millions dead, if not more. And whatever scale of actual problems exist will truly grow beyond the ability of economic stability, especially in the West.

Mike Whitney…

https://www.unz.com/mwhitney/is-biden-being-blackmailed-to-send-us-combat-troops-to-ukraine/

end

Η Ρωσία έπληξε το Κίεβο με άγνωστο μέχρι τώρα όπλο: Φλέγονται oι μεγαλύτεροι θερμοηλεκτρικοί σταθμοί – Τρία κύματα επιθέσεων με 80 πυραύλους – WarNews247

Robert H to us
Russia uses an unknown weapon (thermal?) in Kiev:

9:57 AM (2 hours ago)

On the battlefield, we are starting to see slime of newer technology being deployed selectively. In Soledar survivors speak of Russian ability to see them hidden and appear from behind like ghosts. Since Russia possesses certain alien like technology well canvassed for longer range destruction, one might assume they have the same for shorter range use.
Ukraine will be pounded into submission no matter the amount of Western weapons. And settlement will be on Russian terms as the time of talk is long over. Russia does not believe there is anyone to talk to. Revelations by Merkel and Macron of how they conned Russia with the Minsk accords to buy time to train Ukrainians to fight Russia as a proxy sealed the Russian view there is no one to talk to.
Time to think about a exit strategy from this fiasco. Even Ukrainian soldiers have figured this out and that they have been conned. So will the European public. It is why the crowd at Davos is so worried about public wrath. They should be and are which is why their meeting required 5000 Swiss soldiers for protection.
We live in crazy times bound to become more crazy in days ahead.

end

Revealed: The blitzkrieg operation by Russian Paratroopers that led to a massacre of Ukrainians in Soledar – How they took the city in one night – WarNews247

Robert HryniakSat, Jan 14, 6:36 PM (17 hours ago)
to

Human nature is ignored at one’s own peril.

In Europe, Ukrainians are quickly becoming the new “ROMA” to be abused, much to their chagrin and surprise. As Europeans come to blame them for the conflict and fallout for Europe because of sanctions. This is especially so in Eastern Europe. A time will come when these Ukrainians will want to return home. It is only a matter of time. Just like various drafts going on in Europe is to put youth in uniform because that  way government stays in power. As social programs are not affordable; and pensions fall into default. No one has thought about paying debt back which always has a day of reckoning. Does anyone question the solvency of European pension funds? Why anyone thinks a war with Russia combined with a digital currency to replace money will work is puzzling? Sure digital passports and like are nothing more than control in the hopes to control civil unrest. It is as hopeless as the current ability to supply adequate weapons to Ukraine. The West does not possess a War economy or the industrial capacity to support a broad confrontation. Nor does war with Russia come without a price. Russia uses cash from operational output while the West borrows money it cannot ever repay. How brilliant is this? War costs, as history teaches and many a nation destroyed itself not learning the lesson of cost in war.

In the same vein, the head of Wagner found himself needing to explain himself and his ego in St. Petersburg today to Putin who has taken him to task, for his brazen claims of success when it was the Russian Army prevailed. In this article, you will read how the Russian army really was the catalyst to break Soledar. No doubt the Wagners played a important role but General Armageddon planed this out. A astute thinker might want to note that this is harbinger of what is coming shortly to Ukraine and beyond.

On the 17th American AWAC’s will be based in Romania to monitor Russian activities. It is an escalation that will have a Russian response. Sadly, things will worsen on all levels and affect everyone, just like sanction have impacted the global economy. Making people change their culture for political dictates does not work. Watch it play out.

end

We do not know if it was a Russian missile or an errant anti Ukraine missile

(zerohedge)

Death Toll In Dnipro Apartment Strike Rises To 44; Zelensky Aide Resigns For Saying It Was ‘Errant’ Anti-Air Missile

TUESDAY, JAN 17, 2023 – 09:05 AM

The death toll from the Dnipro apartment strike, which happened Saturday afternoon as the latest weekend Russian aerial attacks against Ukraine’s energy infrastructure unfolded, has risen to at least 44 killed, including four children. An additional 79 people were injured, with reports that many residents are still missing and unaccounted for.

The city’s mayor, Borys Filatov, issued the update on Tuesday after two days of rescue workers frantically trying to pull people from the rubble. Ukrainian President Volodymyr Zelensky blamed Moscow for the attack which he called a “war crime”, vowing justice for the large number of civilian casualties.

The Dnipro strike now ranks among the single deadliest attacks of the entire war. “The rescue operation, the demolition of the rubble, will not end until the bodies of all the dead are found,” deputy head of the presidency Kyrylo Tymoshenko said.

But on Monday the Kremlin vehemently denied that it targeted and struck a civilian residential building in Dnipro, instead pointing to the likelihood of a Ukrainian anti-air missile falling on the building: 

“The Russian armed forces do not strike residential buildings or social infrastructure, they strike military targets,” Kremlin spokesman Dmitry Peskov told reporters, before referring to the “conclusion of some representatives of the Ukrainian side” that the strike could have been caused by air defense.

Kiev responded by emphasizing the strike was “direct” and not the result of one of its own errant missiles. However, there has been division and controversy in the Ukrainian response, as noted by Peskov’s statement.

An adviser to Ukrainian President Volodymyr Zelensky actually initially said the apartment block in Dnipro was hit by an errant Ukrainian anti-air defense missile which had been fired in an attempt to intercept an inbound Russian rocket. The presidential aide, Oleksiy Arestovych, unleashed immediate controversy and anger from fellow officials in making the public remarks which aired live on a national television broadcast, and which were picked up in Russian media.

Ukraine officials say the rocket was a Kh-22, and argued that its forces lack the capability to shoot down this particular projectile. In the wake of the controversial statements Arestovych apologized to the nation and stepped down:

I wrote a letter of resignation. I want to set an example of civilized behavior. A fundamental mistake means resignation,” Oleksiy Arestovych, posted on Facebook alongside a photo of his resignation letter.

Arestovych said further he made “a serious mistake, made during a live broadcast” in the initial TV interview with those comments. “I sincerely apologize to the victims and their relatives, the residents of the Dnipro and everyone who was deeply wounded by my premature error version of the reason the Russian missile hit a residential building,” he added.

But he also still sought to defend himself to some degree, saying, “The level of hate directed at me is incomparable with the consequences of the on-air mistake,” and said his apology was not issued specifically toward “the people who are spinning this issue.”

Below are the brief comments from the interview which unleashed controversy, and led to the Zelensky aide’s essentially forced resignation…

Russian state media and Kremlin officials have also picked up Arestovych’s initial explanation of an errant Ukrainian missile hitting the apartment building, given that in coming during candid remarks from a high-ranking Ukrainian official, it’s a significant indicator that Russia’s denials and explanation are plausible. 

end

Ukraine’s energy infrastructure is destroyed and they need immediately thousands of high power transformers.

(Warnews/Robert H)

Russian crushing blow – Ukraine: “Energy infrastructure destroyed – We need thousands of high power transformers” – WarNews247

Robert Hryniak11:01 AM (3 minutes ago)
to

More AIr strikes will occur shortly to render the Ukraine, incapable of waging war of any kind.
This is the next stage General Armageddon will do as this is his priority now.
The West has no capability to supply needed transformers. All weapons being supplied are meaningless as the it will only shortly delay realities.
Electric trains do not run without electricity. And thus troop movements are slow and road bound. And they need fuel which will come from where? Expect many fuel processing facilities to be destroyed. It is all tactical and operational as to degree. One hardly imagines that horses will substitute. Nor will long supply chains of fuel trucks from neighboring countries as they are ready targets inside Ukraine.
The proxy fighting has a timeline on being over and soon the roaches will be seen running for cover. Smart ones will bail sooner than later to avoid fallout.

end

6/GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES

Vaccine//Covid issues: Injuries

About time: NY Supreme Court strikes down COVID vaccine mandates for health care workers

Ozimek/EpochTimes

NY Supreme Court Strikes Down COVID Vaccine Mandate For Health Care Workers

TUESDAY, JAN 17, 2023 – 02:40 PM

Authored by Tom Ozimek via The Epoch Times,

A state Supreme Court judge in Syracuse, New York, struck down a statewide mandate for medical staff to be vaccinated against COVID-19, ruling that Gov. Kathy Hochul and the state’s health department overstepped their authority.

In a landmark ruling issued on Jan. 13, state Supreme Court Judge Gerard Neri declared the statewide COVID-19 vaccine mandate for medical staff “null, void, and of no effect.”

Hochul and the state Department of Health exceeded their authority by sidestepping the state legislature in imposing a permanent COVID-19 vaccine mandate for medical professionals, the judge wrote in the order (pdf).

Neri also found that the mandate was “arbitrary and capricious,” citing evidence that COVID-19 vaccines don’t prevent the spread of the virus, undercutting the basis for the mandate.

“In true Orwellian fashion, the Respondents acknowledge then-current COVID-19 shots do not prevent transmission,” Neri wrote, citing a Summary of Assessment of Public Comment that was entered as evidence in the case.

In support of the view that the mandate was capricious, Neri also pointed to the fact that the order, titled Prevention of COVID-19 Transmission by Covered Entities (pdf), used a loose definition for “fully vaccinated,” namely one that was “determined by the Department.”

Neri wrote, “A term which is defined at the whim of an entity, subject to change without a moment’s notice contains all the hallmarks of ‘absurdity’ and is no definition at all.”

The ruling came after a lawsuit was filed by Medical Professionals for Informed Consent, a group of medical professionals who were negatively affected by the vaccine mandate and either lost their jobs or faced the prospect of job loss.

“This is a huge win for New York healthcare workers, who have been deprived of their livelihoods for more than a year,” the plaintiffs’ lead attorney, Sujata Gibson, said in a statement.

“This is also a huge win for all New Yorkers, who are facing dangerous and unprecedented healthcare worker shortages throughout New York State.”

In siding with the group, Neri stated that the state is prohibited from mandating vaccinations outside of what’s detailed in public health law.

“The Mandate is beyond the scope of Respondents’ authority and is therefore null, void, and of no effect,” he wrote.

‘Critical Win’ Against Vaccine Mandates

Mary Holland, president of Children’s Health Defense, which financed the lawsuit on behalf of Medical Professionals for Informed Consent and several individual health care workers, hailed the decision.

“We are thrilled by this critical win against a COVID vaccine mandate, correctly finding that any such mandate at this stage, given current knowledge is arbitrary,” Holland said in a statement.

“We hope that this decision will continue the trend towards lifting these dangerous and unwarranted vaccine mandates throughout the country.”

Neither Hochul’s office nor the New York State Department of Health immediately responded to a request for comment and information on whether they plan to appeal.

Vaccinations helped reduce transmission of the early variants of the virus, according to the Centers for Disease Control and Prevention. However, recent studies show that the vaccines are less effective in reducing transmission of later variants although they continue to reduce serious illness, hospitalizations, and death.

Some experts, meanwhile, have called for the messenger RNA shots made by Pfizer and Moderna to be withdrawn until new clinical trials can be run showing that they’re safe and effective.

Dr. Joseph Fraiman, based in Louisiana, became one of the latest to call for a pause in the administration of the vaccines pending new trials. He pointed to data including a reanalysis of the original trials that he and others conducted. They concluded that the vaccinated were at higher risk of severe adverse events.

The fact that the Omicron variant and its subvariants are also less virulent—leading to fewer hospitalizations and deaths—and the waning effectiveness of the vaccines also contributes to the building opposition to vaccinating all or portions of the population until better data is made available.

end

A must view)

(EpochTimes)


COVID Boosters Trigger Metastasis

(Africa Studio/Shutterstock)

Oncology doctors are sounding the alarm – the COVID boosters appear to be triggering metastasis. Patient after patient in stable remission are now suddenly experiencing an explosive relapse, triggering the appearance of new tumors just days or weeks after being forced to have a booster.

Cancer rates have increased since the introduction of the COVID shots and is one of the top three leading causes of premature death among younger adults — a trend that in turn is driving down U.S. life expectancy.

In 2019, the average life span of Americans of all ethnicities was nearly 78.8 years.1 By the end of 2021, life expectancy had dropped to 76.42 — a loss of nearly three years, which is an astounding decline. The leading causes of death in 2021 were heart disease, cancer and COVID-19, all three of which were higher in 2021 than in 2020,3 and both heart disease and cancer are potential side effects of the COVID jabs.

COVID Boosters Are Triggering Metastatic Cancer

November 26, 2022, The Daily Sceptic published a letter4,5 to the editor of The BMJ, written by Dr. Angus Dalgleish, professor of oncology at St. George’s University of London, warning that COVID boosters may be causing aggressive metastatic cancers:

“COVID no longer needs a vaccine programme given the average age of death of COVID in the U.K. is 82 and from all other causes is 81 and falling,” Dalgleish writes.6 “The link with clots, myocarditis, heart attacks and strokes is now well accepted, as is the link with myelitis and neuropathy …

However, there is now another reason to halt all vaccine programmes. As a practicing oncologist I am seeing people with stable disease rapidly progress after being forced to have a booster, usually so they can travel. Even within my own personal contacts I am seeing B cell-based disease after the boosters.

They describe being distinctly unwell a few days to weeks after the booster — one developing leukemia, two work colleagues Non-Hodgkin’s lymphoma, and an old friend who has felt like he has had Long COVID since receiving his booster and who, after getting severe bone pain, has been diagnosed as having multiple metastases from a rare B cell disorder.

I am experienced enough to know that these are not the coincidental anecdotes … The reports of innate immune suppression after mRNA for several weeks would fit, as all these patients to date have melanoma or B cell based cancers, which are very susceptible to immune control — and that is before the reports of suppressor gene suppression by mRNA in laboratory experiments. This must be aired and debated immediately.”

New Norm: Explosive Cancer Relapses

In a December 19, 2022, article7 in Conservative Woman, Dalgleish continues discussing the phenomenon of rapidly spreading cancers in patients who were in stable remission for years before receiving their COVID boosters. He notes that after his letter to The BMJ was published, several oncologists have contacted him to say they’re seeing the same thing in their own practices.

“Seeing the recurrence of these cancers after all this time naturally makes me wonder if there is a common cause?” he writes.8 “I had previously noted that relapse in stable cancer is often associated with severe long-term stress, such as bankruptcy, divorce, etc.

However, I found that none of my patients had any such extra stress during this time, but they had all had booster vaccines and, indeed, a couple of them noted that they had a very bad reaction to the booster which they did not have to the first two injections.

I then noted that some of these patients were not having a normal pattern of relapse but rather an explosive relapse, with metastases occurring at the same time in several sites … Scientifically, I was reading reports that the booster was leading to a big excess of antibodies at the expense of the T-cell response and that this T-cell suppression could last for three weeks, if not more.

To me, this could be causal as the immune system is being asked to make an excessive response through the humoral inflammatory part of the immune response against a virus (the alpha-delta variant) which is no longer in existence in the community.

This exertion leads to immune exhaustion, which is why these patients are reporting up to a 50% greater increase in Omicron, or other variations, than the non-vaccinated.”

A Change of Heart and Mind

Interestingly, in mid-2021, the Daily Mail published an article in which Dalgleish encouraged people to get the COVID shot, especially younger individuals.9 Dalgleish explains that, at the time, there was an “overwhelming push by the government and the medical community … that this would be in everyone’s best interest.”

So, he caved to the narrative, even though he had concerns from the start. Now, however, the environment has changed and there’s really no need for these experimental shots anymore.

His concerns further grew when his son developed myocarditis “after having a jab he did not want but that he needed for work and travel purposes.” A friend of his son, who was in his early 30s, suffered a stroke after his jab, and a relative of a close colleague died from a heart attack at the age of 34 after hers.

“I began to be highly alarmed that it was the vaccines causing these symptoms,” Dalgleish writes,10 “and that just as we had written11 … a genetically engineered virus had serious implications for vaccine design.

This paper, which was suppressed and therefore did not appear in print for many months, reported that the sequence of the virus was completely consistent with having been genetically engineered, with a furin cleavage site and six inserts at places that would make the virus very infectious, and the reason this had such tremendous implications for vaccine design was that 80% of these sequences had homology to human epitopes.

In particular, we had noticed a homology with platelet factor 4 and myelin. The former is also certainly associated with what is known as VITT (low platelets and clotting issues) and the latter associated with all the neurological problems, such as transverse myelitis, both of which are now recognized as side effects of the vaccine even by the MHRA [Medicines and Healthcare Products Regulatory Agency in the UK].”

Authorities Have Willfully Ignored All Warning Signals

Dalgleish says his team’s findings were eventually circulated among cabinet members and various medical committees, but everyone ignored them. As a result, many have been placed at unnecessary risk for serious injury and/or death.

As Dalgleish points out, young hearts over-express the ACE receptor that the virus was engineered to bind to. This binding with the ACE2 receptor is what “sets off the inflammatory response, which leads to myocarditis, pericarditis, stroke and deaths,” Dalgleish says.

This could explain the dramatic increase observed in deaths of young athletes who were jabbed: They simply have more ACE2 receptors that bind to the spike proteins created by the jab. Dalgleish continues:12

“When the facts change, or new facts emerge, the position of all those in authority directing mandates should change but unfortunately, they did not.

I tried desperately to point out that all the evidence that vaccines might have been useful in helping to curtail the pandemic was changing; that it was becoming very clear that there were highly significant side effects to the vaccine programme that Pfizer had gone to great lengths to cover up, and that it was only a court case in the US that led to them becoming available.

At this stage the whole vaccine programme should have been stopped but nobody seemed to want to address this, neither the Government, the medical authorities or the media.

Having written many articles for the Daily Mail arguing against lockdown and for it never to be used again, I was extremely keen to address my change of opinion on the vaccines and to warn people of their dangers particularly to younger people, and to point out there were no grounds at all for giving it to children.

Unfortunately, all my efforts and approaches to the mainstream media on this subject have been rejected. This, I believe, is something that will come back to haunt all those who introduced an Orwellian kind of suppression to the emerging truth, which labelled doctors trying to save their patients along the lines of ‘first do no harm’ as outcasts or villains.”

Scientific Proof COVID Jab Causes Cancer

Back in August 2022, The Exposé13 highlighted scientific evidence showing the COVID jabs can cause cancer of the ovaries, pancreas and breast, and that “a monumental cover-up is taking place to suppress the consequences … on women’s health.”

Research shows SARS-CoV-2 spike protein obliterates 90% of the DNA repair mechanism in lymphocytes, a type of white blood cells that help your body fight infection and chronic disease, including cancer.

The research in question was that of Jiang and Mei, who published a peer-reviewed article showing the SARS-CoV-2 spike protein obliterated the DNA repair mechanism in lymphocytes, a type of white blood cells that play an important role in your immune system. Lymphocytes help your body fight infection and chronic disease, including cancer. Professional data analyst Joel Smalley writes:14

“The viral spike protein was so toxic to this pathway that it knocked 90% of it out. If the whole spike protein got into the nucleus (in the ovaries), and enough of it was produced and hung around long enough before the body was able to get rid of it all, it would cause cancer. Fortunately, in the case of natural infection, this is unlikely to occur.

Unfortunately, the experimental mRNA toxshot induces spike protein to be produced (the full-length spike exactly matching — amino acid for amino acid — the full length of the viral spike protein15) in and around the cell nucleus and is produced for at least 60 days and almost certainly longer.16

‘Fact checkers’ said the viral spike protein doesn’t get in the nucleus despite the expert scientists showing that it absolutely does. Public health authorities and regulators said the vaccinal spike protein doesn’t get in the nucleus despite the mRNA manufacturers submitting pictures of it doing so to them as part of their emergency use application …

Epoch Times Photo<img class=”alignnone size-medium wp-image-4964856″ src=”https://img.theepochtimes.com/assets/uploads/2023/01/05/7c86cea9-0107-42c6-bd25-6c852630a745_680x361-600×319.jpg” alt=”Epoch Times Photo” width=”600″ height=”319″ />

Jiang and Mei, quite logically and reasonably, cautioned that the mRNA spike protein would likely have the same effect as the viral spike protein on p53 and therefore cause cancer … [The] Jiang and Mei paper was retracted due to spurious ‘expressions of concern’ (EOC) about the methods of the study despite them being standard practice …

Well, despite the retraction, the spike protein circulating in large quantities, in the direct vicinity of the cell nucleus, for elongated periods of time, still has the potential to induce cancer in those cells (ovary, pancreas, breast, prostate, lymph nodes). These cancers can take years to develop and so it’s possible that we don’t see much of a safety signal for 5 or 10 years.”

As noted by Smalley, one of the authors of the EOC that led to the retraction of the paper was Eric Freed, Ph.D., who heads up the U.S. National Institutes of Health’s Center for Cancer Research.

He’s been a tenured investigator with the National Institute of Allergy and Infectious Diseases (NIAID) and NIH since 2002,17 the very agencies that funded Moderna’s mRNA jab, yet this conflict of interest was not disclosed in the EOC.

A Not so Rare Cancer Case

At the end of September 2022, The Atlantic18 featured the story of Belgian immunologist Michel Goldman, 67, who in the spring of 2021 got his first and second COVID shot. In the fall that year, he was diagnosed with lymphoma, cancer of the immune system.

Mere weeks after his body scan and diagnosis, he got his first booster, thinking he needed it since he’d soon become immunocompromised by the chemotherapy. But the booster caused a rapid decline in his health.

Another body scan at the end of September 2021, just three weeks after his first scan, revealed “a brand-new barrage of cancer lesions — so many spots that it looked like someone had set off fireworks inside Michel’s body,” Roxanne Khamsi writes:19

“More than that, the lesions were now prominent on both sides of the body, with new clusters blooming in Michel’s right armpit, and along the right side of his neck.

Epoch Times Photo<img class=”size-full wp-image-4964864 aligncenter” src=”https://img.theepochtimes.com/assets/uploads/2023/01/05/61f3290c-495e-403c-a214-fb89100c2f8a_400x406.jpg” alt=”Epoch Times Photo” width=”400″ height=”406″ />

When Michel’s hematologist saw the scan, she told him to report directly to the nearest hospital pharmacy. He’d have to start on steroid pills right away, she told him. Such a swift progression for lymphoma in just three weeks was highly unusual, and he could not risk waiting a single day longer.

As he followed these instructions, Michel felt a gnawing worry that his COVID booster shot had somehow made him sicker. His brother [Serge, head of nuclear medicine at the hospital of the Université Libre de Bruxelles] was harboring a similar concern.

The asymmetrical cluster of cancerous nodes around Michel’s left armpit on the initial scan had already seemed ‘a bit disturbing,’ as his brother said; especially given that Michel’s first two doses of vaccine had been delivered on that side. Now he’d had a booster shot in the other arm, and the cancer’s asymmetry was flipped.

The brothers knew this might be just an eerie coincidence. But they couldn’t shake the feeling that Michel had experienced what would be a very rare yet life-threatening side effect of COVID vaccination.”20

T Cells Gone Berserk

Goldman, who was an early champion of the mRNA COVID shots, now “suspected that he was their unlucky victim,” Khamsi writes.21 He decided to go public about his cancer despite fears “anti-vaxxers” would use it to argue against the COVID jab. His concern for people who had the same type of cancer he had won out.

There are approximately 30 different subtypes of lymphoma. The kind Goldman had — angioimmunoblastic T-cell lymphoma — attacks follicular helper T cells, which play a crucial role in your body’s immune response to invading pathogens.

Helper T cells serve as a messenger between dendritic cells, which identify the pathogen, and B cells that make the appropriate antibodies. The mRNA COVID shots “are especially effective at generating that message, and spurring its passage through the helper T cells,” Khamsi writes.

This activation of helper T cells is part of what makes the COVID jabs work. But Goldman began to suspect that revving up those helper T cells might in some cases cause them to go berserk, resulting in tumors, or worsening of already existing ones.

Other Case Reports

Goldman was lucky. He lived to talk about it. Many others have not been so fortunate. And while he still believes he’s an “ultra-rare” case, he’s since received reports from other patients who suddenly developed angioimmunoblastic T-cell lymphoma after their shots. As reported by Khamsi:22

“Around the time of his February follow-up, Michel received a message from a doctor who had read his self-referential case report. The doctor’s mother had been diagnosed with the same subtype of lymphoma that Michel has following a COVID booster shot. More recently, he got an email from a woman whose sister had been vaccinated and received that diagnosis the following month.”

In August 2022, Frontiers in Medicine published a case report23 describing “rapid progression of marginal zone B-cell lymphoma” following the COVID jab. The 80-year-old Japanese woman featured in the report developed a noticeable tumor the very next day after her first shot. According to the authors:24

“Initially, we suspected head-and-neck benign lymphadenopathy as a side effect of vaccination. Nine weeks later, the number of swollen submandibular and parotid glands increased, and the lymph nodes further enlarged.

Finally, the right temporal mass was diagnosed as marginal zone B-cell lymphoma based on immunohistochemical and flow cytometry findings of biopsy specimens.

Our findings suggest that although 4-6 weeks of observation for lymph node inflammation after the second vaccination is recommended, malignancy should also be considered in the differential diagnosis of lymphadenopathy following vaccination.”

COVID Jab Is Far Less Effective in Lymphoma Patients

In May 2022, a single-center study25 at Emory University discovered that the humoral immune response in patients with non-Hodgkin lymphoma (NHL) or chronic lymphocytic leukemia (CLL) was significantly reduced after getting a COVID jab, compared to people who did not have either of those diagnoses.

Patients with NHL or CLL also didn’t have nearly the same antibody response to the shot. Only 68% of them developed neutralizing antibodies against SARS-CoV-2 after the second dose, compared to 100% of healthy controls. NHL/CLL patients who had undergone anti–CD20-directed therapies within one year of the first dose had the lowest antibody levels.

Turbo-Charged Cancers Are Becoming More Prevalent

Data from the Defense Medical Epidemiology Database (DMED)26 — historically one of the most well-kept and most heavily-relied upon medical databases in the world — showed that, compared to the previous five-year averages, cancer among Department of Defense (DOD) personnel in 2021 skyrocketed.

Overall, cancers tripled among servicemen and their family members after the rollout of the COVID shots. Breast cancer went up 487%. Exploding cancer rates are also seen elsewhere. One of the first to warn that the shots might cause cancer was Dr. Ryan Cole, a pathologist who runs his own pathology lab.

He suspects the shots accelerate already existing cancers by way of immune dysregulation.27 He noticed that cancers that were previously well-controlled would suddenly grow out of control and rapidly lead to death once they got the COVID jab.

Swedish pathologist, researcher and senior physician at Lund’s University, Dr. Ute Kruger, has also observed an explosion in rapidly advancing cancers in the wake of the COVID shots. For example, she’s noticed:28,29

  • Cancer patients are getting younger — The largest increase is among 30- to 50-year-olds
  • Tumor sizes are dramatically larger — Historically, 3-centimeter tumors were commonly found at the time of cancer diagnosis. Now, the tumors they’re finding are regularly 4 to 12 centimeters, which suggests they’re growing at a much faster rate than normal
  • Multiple tumors in multiple organs are becoming more common
  • Recurrence and metastasis are increasing — Kruger points out that many of the cancer patients she’s seeing have been in remission for years, only to suddenly be beset with uncontrollable cancer growth and metastasis shortly after their COVID jab

These “turbo-cancers,” as Kruger calls them, cannot be explained by delayed cancer screenings due to lockdowns and other COVID restrictions, as those days are long gone. Patients, despite having access to medical screenings as in years past, are showing up with grossly exacerbated tumor growths, and she believes this is because the cancers are being “turbo-charged” by the mRNA jabs.

Disturbingly, as detailed in “How Cancer Deaths From the COVID Jabs Are Being Hidden,” analysis of U.S. Morbidity and Mortality Weekly Report (MMWR) data suggests the U.S. Centers for Disease Control and Prevention has been filtering out and redesignating cancer deaths as COVID deaths since April 2021 to eliminate the cancer signal. The signal is being hidden by swapping the underlying cause of death with main cause of death.

Originally published January 05, 2023 on Mercola.com

end

This commentary is becoming hugely mainstream as Swedish doctors are now stating the obvious dangers to the COVID vaccine

(Johann Eddebo/Daily Sceptic/Swedish Newspapers)

COVID Vaccines Are “Obviously Dangerous” And Should Be Halted Immediately, Say Senior Swedish Doctors

SATURDAY, JAN 14, 2023 – 08:10 AM

Authored by Dr. Johan Eddebo via The Daily Sceptic,,

There follows a public statement by a group of five senior Swedish doctors who, in collaboration with Dr. Johan Eddebo, a researcher in digitalisation and human rights, are raising the alert about the Covid vaccines, which they describe as “obviously dangerous”. They say there should be an “immediate halt” to the mass vaccination pending “thorough investigations” of the true incidence and severity of adverse effects.

The true character and scope of the harm caused by the unprecedented mass vaccinations for COVID-19 is just now beginning to become clear. Leading scientific journals have finally begun publishing data corroborating what the underground research community has observed over the last two years, especially in relation to complex problems of immune suppression.

Truly concerning numbers pertaining to both births and mortality are also emerging.

At this moment in time, a new, allegedly super-infectious Omicron variant is all over the headlines. A sub-variant of XXB, this strain is said to possess immune escape capabilities of precisely the type that some independent researchers predicted would follow on the heels of the mass vaccinations’ narrow antigenic fixation. 

The WHO maintains that worldwide, 10,000 people still die due to Covid every single day, an implausible death toll more than ten times that of an average flu. It reiterates the urgent need for vaccinations, especially in light of China’s reopening and allegedly falsified data on mortality and infections.

The EU has even called an emergency summit in light of the purported Chinese “Covid chaos” that “calls to mind how everything began in Wuhan, three years ago”.

In Sweden, the Minister for Health and Social Affairs has said he cannot rule out new restrictions, and states that everyone must take “their three doses”, since “only” 85% of the population is ‘fully inoculated’.

That such an extensive vaccine coverage has not yielded better results after nearly two years is a remarkable fact. Even more so in light of some individuals receiving four or more repeated exposures to the same vaccine antigen, yet still contracting the disease they are supposedly immunised against.

At the same time, even more ominous warning signs abound.

One such warning sign is the fact that average mortality in many Western states is still at a remarkably high level, in spite of the direct effects of the coronavirus being marginal for more than a year. Data from EuroMOMO indicate a marked excess mortality in the EU for all of 2022, and the German Bureau of Statistics reports that the country’s mortality in October was more than 19% over the median value of the preceding years.

Is this due to Covid, as the WHO’s ’10 000 per day’ figure would seem to indicate?

Blame is placed at the feet of ‘Long Covid‘ as well as the regular acute infections, but according to the EuroMOMO and Our World in Data stats, the bulk of the excess deaths in Europe during 2022 are actually not due to clinically manifest coronavirus infections.

Moreover, we shouldn’t see continued excess deaths from a respiratory virus of this kind after three years of global exposure due to the inevitable consolidation of natural immunity.

If such a situation persists, the hypothetical connection to a vaccine-related immunity suppression that just now has come into focus becomes pertinent to investigate in detail. 

If, as has been argued, the vaccinations, and especially the boosters, alter the immune profile of recipients such that Covid infections get ‘tolerated’ by the immune system, it’s possible that vaccinated individuals will tend towards a situation of long-term, repeat infections that do not get cleared, and do not present with obvious symptoms, while still promoting systemic damage. 

The literature now indicates an extensive substitution in the vaccinated of virus-neutralising antibodies for non-inflammatory ones, a ‘class switch’ from antibodies that work towards clearing the virus from our system, to a category of antibodies whose purpose is to desensitise us to irritants and allergens.

The net effect is that the inflammatory response to Covid infection gets down-regulated (reduced). This means that full-blown infections will present with milder symptoms, and that they won’t get cleared as effectively (partly since fever and inflammation are essential to your body getting rid of a pathogen).

That these developments alone aren’t cause for an immediate halt to the mass vaccinations, as well as thorough investigations, is astonishing.

There is of course another, and more well-known, potential partial explanation of the surprising excess mortality. We have indications of clotting disorders connected to the Covid vaccines, evident in a new major Nordic study, while repeated studies evidence a clear correlation between heart disease and Covid vaccination (see Le Vu et al.Karlstad et al. and Patone et al.).

A newly published Thai study moreover indicated that almost a third of the vaccinated youth enrolled exhibited cardiovascular manifestations, and a yet unpublished Swiss study suggests that as many as 3% of everyone vaccinated manifest heart muscle damage.

And as stated above, we also see signals pertaining to fertility disturbances connected to the Covid vaccines.

An Israeli study shows impaired motility and sperm concentrations after both Pfizer and Moderna vaccination. The safety committee of the European Medicines Agency has also affirmed that the vaccines may cause menstrual disturbances, and Pfizer’s own studies indicate that the lipid nanoparticles of the mRNA-vaccines cluster in the reproductive organs.

The hypothesis that COVID-19 vaccinations influence fertility is supported by a significant and unprecedented decline in the Swedish birth rate during the first months of 2022. According to Swedish demographers, the decline is ”surprising”.

There are similar data from many other Western countries, and to continue the mass vaccinations for low-risk groups such as children or pregnant women is utterly irresponsible – especially since the vaccinations do little or nothing to stop the spread as was initially promised, and is often still falsely maintained.

One hopes that the hypothesis of a decline in birth rates due to the vaccinations can be falsified through a thorough and independent investigation as soon as possible. The numbers are truly worrying.

Yet the fact that Pfizer’s data pertaining to fertility disturbances had been hidden away and needed to be discovered through a FOIA request is typical for the entire situation.

There’s almost no independent public debate on these issues, and critical perspectives are actively suppressed by the major digital platforms.

Public watchdogs such as the European Medicines Agency are funded by the pharmaceutical industry and often base their recommendations on Big Pharma’s in-house studies. The independence of our scientific and academic institutions is threatened, and we see a confluence between scientific research, private corporate interests and political and ideological objectives on every level.

To place a digital filter of censorship on top of all of this, where proprietary algorithms micromanage the flow of information and the public debate in accordance with the intentions of their owners, in practice means to abolish the open democratic society and independent scientific research.

Recent disclosures also show that the digital platforms have actively worked towards suppressing critical perspectives on the Covid policies and the mass vaccinations. Twitter has for this purpose developed clandestine censorship strategies and employed so-called ‘shadowbanning’ with the effect of an almost undetectable suppression of the visibility of posts and accounts connected to undesirable perspectives and analyses. Facebook took down more than seven million posts to influence the debate on Covid only during the second quarter of 2020. YouTube has banned publishing of video material that contains critical perspectives on the Covid vaccinations. Such content is designated ‘misinformation’ and ‘disinformation’ whether or not it is supported by relevant data.

These kinds of measures have very serious consequences. Digitalisation’s centralised control of the flow of information doesn’t just affect policy on the local and regional level, but also influences the way in which scientific and journalistic work can be designed and carried out. It creates structures that immediately repress heterodox views and silences critical voices through fear and indirect persecution.

Public trust in our common institutions will inevitably be eroded by this development.

The open society now desperately needs a renaissance. The democratic and scientific discourses must be rebuilt from the ground up, and in a way which respects the new and unique risks of our contemporary situation, and which protects and emphasises the responsibility of the individual citizen.

Key to this in our current predicament is to press on with critical questions pertaining to the obviously dangerous mass vaccinations and to investigate the corruption of our political and scientific institutions that the Covid situation has shed light on. 

It is critical that we immediately begin to remedy the significant damage that has been rendered to global public health, and to the open society as such. 

Researchers:

Johan Eddebo, Ph.D, researcher in digitalisation and human rights

Sture Blomberg, MD, Ph.D, Associate Professor in Anaesthesiology and Intensive Care and former senior physician

Ragnar Hultborn, Professor Emeritus, specialist in oncology

Sven Román, MD, Child and Adolescent Psychiatrist, since 2015 Consultant Psychiatrist working in Child and Adolescent Psychiatry throughout Sweden

Lilian Weiss, Associate Professor, specialist in surgery

Nils Littorin, resident in psychiatry, MD in clinical microbiology

The authors are members of the bio-medico-legal network of Läkaruppropet. They are organising a conference in Stockholm on January 21st-22nd in conjunction with the Swedish Doctors’ Appeal network. Its main focus will be on the consequences of the global COVID-19 politics and the effects of the Covid vaccines.

end

GLOBAL ISSUES;//

You will like this 6 minute video on supposed climate change

(Mish Shedlock/Mishtalk)

The Best Video On Climate Change That You Will Ever See

MONDAY, JAN 16, 2023 – 07:00 AM

Authored by Mike Shedlock via MishTalk.com,

If you only play one video this year, the video below is the one you should play…

Annual CO2 emissions chart from Data in Our World.

This is an absolutely brilliant speech by British satirist, Konstantine Kisin.

https://mail.google.com/mail/u/0/#drafts?compose=CllgCKCGDRKbflVklnJFrVGLglqSvVVdCbwWPLmhcGbDzThsTmWCMVfDZJsRgNfzLQfWdzdfKNq

Is Kisin’s Video For You?

  • If you think that you, president Biden, Gretta, Al Gore, or anyone in government will do anything that matters about climate change, the video is for you.
  • If you think that you, president Biden, Gretta, Al Gore, or anyone in government will not do anything that matters about climate change, the video is also for you.

It’s less than seven minutes long. Play it.

Play the video then think about the lead chart and the path of China and India while noting the whole continent of Africa is not even on the scale. 

By the way, the population of India will soon to surpass China. 

Importantly, and on a personal level, the single best thing you can do for the environment is to not have kids

Climate Deniers

I have been accused of being a climate denier. Mercy. Actually, I am a climate realist.

Climate change is real and constant and has been ever since the earth formed. 

The debate is over how much is manmade and even more importantly, what to do about it, whether it’s manmade or not.

Regarding what percentage is manmade, I don’t know, nor does anyone else. But let’s say you disagree. 

Then OK, I agree with you. Let’s assume recent climate change is 100% manmade. So what do we do about it?

That has been my line of questioning for a long time. I just have never been able to express my line of thinking as clearly as Kisin in the above video.

A Big Green Mess in Germany With Coal a Stunning 31 Percent of Electricity

Assume there is a problem, then if there is a solution, it will not be the like of Gretta, AOC, Al Gore, president Biden, or the Green Party hypocrites who will fix it.

Look no further than the Big Green Mess in Germany for what happens when politicians are faced with the decision to heat homes cheaply or cut back on CO2. 

The EU plans to tax other nations for not addressing climate change, while Germany bulldozes a town to increase the size of a coal mine. It’s also lignite coal, the dirtiest kind.

Vice Chancellor Robert Habeck, a Green who is Germany’s economy and climate minister, defended the agreement as “a good decision for climate protection” that fulfills many of the environmentalists’ demands and saves five other villages from demolition.

World’s Largest Tax Scheme

For discussion of the EU’s hypocritical carbon tax scheme, please see EU Imposes the World’s Largest Carbon Tax Scheme.

Meanwhile, the US is marching down an idiotic path towards electric vehicle mandates with no plan on where to get the minerals for the batteries. Nor does president Biden have an reasonable plan for the infrastructure needed. 

Fed Chair Warns President Biden “We will not be a climate policymaker”

Preposterous ideas have gotten so out of hand that Fed Chair Warns President Biden “We will not be a climate policymaker”

Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals. We are not, and will not be, a climate policymaker,” said Jerome Powell.

I am not one who often praises the Fed, but that paragraph deserves a standing ovation. 

Constant Hype

The hype is constant and has been consistently wrong. In 2019 I noted Ocasio-Cortez Says World Will End in 12 Years: Here’s What to Do About It

The world will still be here in 2050.

On October 29, 2022, I noted UN Seeks $4 to 6 Trillion Per Year to Address Climate

Yeah right. Politicians are going to give Africa, India, and third world countries trillions of dollars and tax the hell out of them if they don’t comply.

The Hope of Fusion vs the Pomp of Politicians and Climate Activists

If there is a climate problem, science will find the answer, not politicians or activists.

For discussion, please see The Hope of Fusion vs the Pomp of Politicians and Climate Activists

Nonetheless, there’s A Mad Rush to Build More EV Factories despite the fact we have no idea or plan to secure the minerals needed for the batteries. 

And Germany has turned to bulldozing towns to produce more coal. 

What a hoot.

end

PAUL ALEXANDER

Dr. Naomi Wolf: There is a race now to finger each other as the dam is about to burst; “The Biomedical State Is Shifting The Blame Of Their Vaccine Effect Culpability Before The Investigations Begin”

But people like me will not let them, I will work with all those willing to ensure each and every one of these beasts, these malfeasants from Fauci, Francis Collins, Azar, Walensky, Bourla see a court

DR. PAUL ALEXANDERJAN 15
 
SAVE▷  LISTEN
 

Huge praise Dr. Wolf for a tremendous short video for you say it how we want it said!

We want serious and proper investigations and legal hearings, tribunals and if these people who made from the COVID lock down policies from bringing the COVID fraud gene injection vaccine, from mRNA to LNP to the injection itself, all, we want investigated and if shown they were above board we hug and celebrate their efforts, in spite of the deaths, yet if it is shown that they costed lives, we impose harsh financial penalties and we seek deep imprisonment of all of them, we lock them all up for they are criminals.

They were and I include medical doctors who really caused this by failing to as a group, stand against the governments etc. and they helped force the lockdowns and denial of early treatment and the fraud injections etc. Doctors were incentivized and we need full investigations for they must also be imprisoned if it is shown they played a role in deaths, including the sedation (midazolam and diamorphine and toxic drugs) and drugging and ventilation of our families, our parents, our grand-parents via the ‘COVID protocol’ that killed them in the hospitals. Everything must be investigated and there must be NO amnesty for the COVIDian Taliban.

SOURCE:

https://gettr.com/post/p250dbzd80f

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Clotting catastrophe due to the COVID mRNA-DNA gene injections (vaccines): “Analysis of Thromboembolic & Thrombocytopenic Events After AZD1222, Pfizer, & Moderna COVID-19 Vaccines in 3 Nordic nations”

Jacob Dag Berild et al.: “there was an increased rate of hospital contacts because of coagulation disorders & cerebrovascular disease, especially for thrombocytopenia & cerebral venous thrombosis”

DR. PAUL ALEXANDERJAN 15
 
SAVE▷  LISTEN
 

Now you would have thought that this very important study would be in the media 24/7 and there would be CNN talking head doctors discussing the catastrophic clotting and cardiovascular and cerebrovascular findings. But no, not in Canada, not in the US, in fact nowhere. Except places like here. Studies like these are swept under the rug, hidden from you!

But here it is and I spoke on this prior but wanted to remind you what was found and all at CDC, NIH, FDA, Biden administration, Francis Collins, Fauci, Bourla, Bancel, Walensky, Njoo, Tam at Health Canada etc., they all know the findings. This is but one study, there are many showing you the dangers of these COVID gene injections. I am saying that in time, we want these people properly investigated and in proper courts and if shown that they were reckless and caused deaths, we take all their money and imprison them. Deep prison time. Hang ’em high by taking their money, all of it.

SOURCE:

https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2793348

In the 28-day period post vaccination for all three gene injections, there was an elevated rate of coronary artery disease following Moderna vaccination (RR, 1.13 [95% CI, 1.02-1.25])… There was an observed increased rate of coagulation disorders following all 3 vaccines (AZD1222: RR, 2.01 [95% CI, 1.75-2.31]; Pfizer: RR, 1.12 [95% CI, 1.07-1.19]; and Moderna: RR, 1.26 [95% CI, 1.07-1.47]).

There was also an observed increased rate of cerebrovascular disease following all 3 vaccines (AZD1222: RR, 1.32 [95% CI, 1.16-1.52]; Pfizer: RR, 1.09 [95% CI, 1.05-1.13]; and Moderna: RR, 1.21 [95% CI, 1.09-1.35]).

For individual diseases within the main outcomes, 2 notably high rates were observed: 12.04 (95% CI, 5.37-26.99) for cerebral venous thrombosis and 4.29 (95% CI, 2.96-6.20) for thrombocytopenia, corresponding to 1.6 (95% CI, 0.6-2.6) and 4.9 (95% CI, 2.9-6.9) excess events per 100 000 doses, respectively, following AZD1222 vaccination.’

How Florida (Ladapo & DeSantis) Can Bring Criminal Charges against Pfizer and the FDA Under Title 46 Ch. 790; is BioNTech an innocent corporate bystander to criminal conspiracy between Pfizer & FDA?

see substack The Kingston Report: The data is overwhelming that the COVID-19 injections increase the risk for disease, disabilities and death for otherwise healthy individuals

DR. PAUL ALEXANDERJAN 15
 
SAVE▷  LISTEN
 

The Kingston Report

How Florida Can Bring Criminal Charges against Pfizer and the FDA Under Title 46 Ch. 790

The data is overwhelming that the COVID-19 injections increase the risk for disease, disabilities and death for otherwise healthy individuals, with alarmingly high rates of high school, college, and professional athletes collapsing on the field and dying or being left permanently disabled. Last night many Americans witnessed the tragedy of the collapse of NFL, 24-year old…

Read more

As if we did not already know Pfizer shot was dangerous; “Data indicates Pfizer’s new bivalent COVID-19 vaccine causes a type of stroke in elderly people” & CDC is hot on the case after causing it!

Zachary Stieber; The threshold for a safety signal was met for Pfizer’s bivalent booster in the Vaccine Safety Datalink; The signal was for ischemic stroke, a type of stroke caused by blood clotting.

DR. PAUL ALEXANDERJAN 15
 
SAVE▷  LISTEN
 
A vial of Pfizer's COVID-19 vaccine in Seattle on June 21, 2022. (David Ryder/Getty Images)

https://www.theepochtimes.com/mkt_app/health/stroke-could-be-a-safety-concern-with-new-pfizer-covid-19-vaccine-us-authorities_4984144.html

The Wellness Company

5 (five) young students ‘DIED SUDDENLY’ in the last 2 weeks, does ANYONE in government’s CDC, FDA, PHAC or the media (CNN, NBC etc.) really care? Did they consider COVID gene mRNA vaxx? Why not?

Does this make sense? ssshhh COVID shot? I say vax! prove otherwise! 16 year old Ashari Hughes, 18 year old Jordan Brister (Las Vegas), Jack Madison (Colorado), Victoria Lee, Hunter Brown (Air Force)

DR. PAUL ALEXANDERJAN 14
 
SAVE▷  LISTEN
 

Do you still think that Demar Hamlin’s collapsed on the field due to cardiac arrest was NOT due to the COVID shot, vaccine induce myocardial scarring from the COVID gene shot impacted by the rush of on-field adrenalin etc.? Why has this not been at the least discussed openly, the possible and likely role of vaccine? You cannot dismiss this, even with all the media and medical community silence on the vaccine. The same medical community that lied to you about no early treatment, that natural immunity was inferior to COVID vaccinal immunity, and that the vaccine was ‘safe and effective’. Those reckless criminals. That helped governments (federal and local) to force and mandate under threat of law the lockdown lunacy on us all and caused even children in America to hang themselves. We had to chose between putting bread on the table or going without income. Now you know the extent of their lies. You can look around and see the death and harms from the lockdowns and the vaccine. In your own circles. Yes, medical doctors did this. Why is Damar’s vaccine status hidden by them and not discussed even as a differential diagnosis?

This is not an issue of privacy given what is at stake. It is an imperative to help mitigate risk of death due to underlying ‘silent’ myocarditis due the COVID gene injection vaccine. At the very least NFL and other leagues and sports teams are to ensure no player takes the field unless myocarditis is ruled out via high-sensitivity troponin tests and cardiac MRA with gadolinium contrast.

What has happened the last few weeks as to young people just suddenly dying? Many but we highlight the prominent ones. Each death is a tragedy and should have never happened.

What about the unexpected death of 18 year old Victoria Lee, a rising star on the the ONE Championship MMA promotion?

What about 21 year old Air Force football player Hunter Brown, who suffered a “medical emergency” while walking to class and passed away?

SOURCE:

Did you know that 18 year old Jordan Brister could not be saved by the time emergency personnel were alerted to his condition. ‘A friend of his family wrote on a GoFundMe page for Brister that he “suddenly and unexpectedly suffered cardiac arrest while at school with no explanation as to why.””

‘16 year old Ashari Hughes, had died just three days prior “following a flag football game at Desert Oasis High School” and suffering a “medical episode”.’ 

‘Jack Madison, a sophomore on the Colorado College men’s tennis team, passed away in his sleep on January 2nd, a new report from the Gazette, published yesterday, confirms. Colorado College vice president and director of athletics Lesley Irvine commented: “We are devastated by the tragic passing of Jack Madison.”‘

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What killed Lisa Marie Presley? What caused the cardiac arrest in this era of ‘DIED SUDDENLY’? A clinician colleague of mines, brilliant, early treatment doctor, shared this with me: Could indeed be

drugs, however therein lies the problem. These vaccines create cardiovascular damage in such a fashion that it’s easy for pathologist who has no functioning vertebrae whatsoever to “go the easy route”

DR. PAUL ALEXANDERJAN 14
 
SAVE▷  LISTEN
 

Could indeed be drugs, however therein lies the problem. These vaccines create cardiovascular damage in such a fashion that it’s easy for a pathologist who has no functioning vertebrae whatsoever to “go the easy route” to avoid bucking the “system”.  They keep their job, cash their checks, and move onward to the next victim.”

Jamil replied:

If it was drugs they would be announcing it every which way, that is what makes things suspect: Vaccination status hidden, Cause of death never mentioned

BOOM!

I concur!

In this era, everything is on the table and the vaccine deranges you physiologically and your immune system catastrophically. We do not know, just that we want her to RIP.

end

Pfizer COVID injection vaccine can impair semen concentration & total motile count among semen donors (Israel study showed, Gat et al.); Thirty-seven sperm donors in 3 sperm banks n=216 samples

Sperm donors demonstrate sperm concentration and Total motility count deterioration 3 months after Pfizer vaccination; whether there is reversal or not of the impairment, this may impact fertility

DR. PAUL ALEXANDERJAN 16
 
SAVE▷  LISTEN
 

‘Repetitive measurements revealed -15.4% sperm concentration decrease on T2 (CI -25.5%-3.9%, p = 0.01) leading to total motile count 22.1% reduction (CI -35% – -6.6%, p = 0.007) compared to T0. Similarly, analysis of first semen sample only and samples’ mean per donor resulted in concentration and total motile count (TMC) reductions on T2 compared to T0 – median decline of 12 million/ml and 31.2 million motile spermatozoa, respectively (p = 0.02 and 0.002 respectively) on first sample evaluation and median decline of 9.5 × 106 and 27.3 million motile spermatozoa (p = 0.004 and 0.003, respectively) on samples’ mean examination.’

SOURCE:

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9350322/

I have reported on this prior but for new subscribers, I wanted to highlight this key study that raised serious issues on the impact of the COVID vaccine (both Pfizer and Moderna vaccination) on sperm count and motility.

end

CDC Identifies ‘Possible’ Safety Issue With Pfizer’s COVID Booster

Will ‘look into’ adverse vaccine reports

DR PANDAJAN 14
 
SAVE▷  LISTEN
 

Yesterday the CDC released a statement indicating data from Pfizer’s COVID-19 vaccine could cause a type of stroke in people over 65.

Disclose.tv @disclosetv

NEW – CDC is investigating a potential link between COVID mRNA injections and ischemic strokes.

Image

9:26 PM ∙ Jan 13, 20237,356Likes2,662Retweets

Full CDC Statement

The Safety signal was from the Vaccine Safety Datalink (VSD), which uses health data from participating sites to monitor and access the safety of vaccines. Safety signals occur when an adverse advent (such as an ischemic stroke) occurs at a certain rate following vaccination. The ‘certain’ rate is unknown. This specific safety data signal was for the Pfizer-BioNTech Bivalent COVID-19 Vaccine in Adults 65 years of age or older.

Participating VSD Healthcare Organizations

CDC’s Vaccine Safety Datalink (VSD), a near real-time surveillance system, met the statistical criteria to prompt additional investigation into whether there was a safety concern for ischemic stroke in people ages 65 and older who received the Pfizer-BioNTech COVID-19 Vaccine, Bivalent.

Data from VSD has not been released but according to VAERS, the Vaccine Adverse Event Reporting System, reports for ischemic stroke in 65+ year-olds make up nearly 50%.

  • 8,988 adverse event reports mentioning ischemic Stroke in all age groups, with 4,117 in ages 65+*
  • 8,161 adverse event reports mentioning stroke in all age groups with 3,666 in ages 65+*

*Data is as of 12/30/2022. Includes all COVID-19 vaccines, US only.

According to Steve Kirsch VAERS is underreported by a factor of 41. Jessica Rose found VAERS to be underreported by a factor of 49.4. A Health and Human Sciences report in 2010 determined “fewer than 1% of vaccine adverse events are reported”. A more conservative estimate might use a factor of 10. Therefore we can determine the actual number of ischemic stroke adverse events is between 89,880 – 444,007. In ages 65+ that number is 41,170 – 267,605. Whatever the true number is it’s higher than reported in VAERS. Important to note – not every stroke victim dies and not every stroke is caused by the vaccine.

Unlikely a ‘True Clinical Risk’

“Although the totality of the data currently suggests that it is very unlikely that the signal in VSD represents a true clinical risk, we believe it is important to share this information with the public, as we have in the past, when one of our safety monitoring systems detects a signal.”

No change in vaccination practice is recommended

CDC continues to recommend that everyone ages 6 months of age and older stay up-to-date with COVID-19 vaccination; this includes individuals who are currently eligible to receive an updated (bivalent) vaccine. Staying up-to-date with vaccines is the most effective tool we have for reducing death, hospitalization, and severe disease from COVID-19, as has now been demonstrated in multiple studies conducted in the United States and other countries.

What is an Ischemic Stroke?

An ischemic stroke happens when a blood clot blocks the flow of blood thus oxygen to the brain. Typically they form from a buildup of plaque in your arteries. Vaccine-induced ischemic strokes have been reported since 2021.

According to the Mayo Clinic:

An ischemic stroke occurs when the blood supply to part of the brain is interrupted or reduced, preventing brain tissue from getting oxygen and nutrients. Brain cells begin to die in minutes.

Signs and symptoms of stroke include:

  • Trouble speaking and understanding what others are saying. You may experience confusion, slur words or have difficulty understanding speech.
  • Paralysis or numbness of the face, arm or leg. You may develop sudden numbness, weakness or paralysis in the face, arm or leg. This often affects just one side of the body. Try to raise both your arms over your head at the same time. If one arm begins to fall, you may be having a stroke. Also, one side of your mouth may droop when you try to smile.
  • Problems seeing in one or both eyes. You may suddenly have blurred or blackened vision in one or both eyes, or you may see double.
  • Headache. A sudden, severe headache, which may be accompanied by vomiting, dizziness or altered consciousness, may indicate that you’re having a stroke.
  • Trouble walking. You may stumble or lose your balance. You may also have sudden dizziness or a loss of coordination.

According to the CDC: The ‘safety signal’ wasn’t seen in the Moderna COVID-19 vaccine, which has a higher dose of mRNA.

Summary

  • CDC fines ‘possible link’ between ischemic strokes and people who received a Pfizer Bivalent booster.
  • No other safety systems have shown a similar signal
  • CDC advises no change in vaccination practice is recommended
  • Only Pfizer not Moderna vaccine
  • Urges “transparency”

What amazes me, and I’ve said it before, is the CDC is still recommending vaccinations that don’t do anything but put you at risk for an adverse reaction. As most of us know, vaccines were pulled for much less in the past, but for some reason, this one isn’t. There is still ZERO actual clinical data on boosters provided by the CDC or FDA. (The 8-mouse trial for the booster everyone refers to comes from a slide from an FDA presentation).

alex gutentag @galexybrane

The CDC told us Pfizer’s bivalent booster was safe and effective based on data from just 8 mice. Now the CDC has found a potential link between the booster and strokes in people over 65. This is a profound public health failure. Many of us will never trust the CDC ever again.1:50 AM ∙ Jan 14, 20231,013Likes207Retweets

Remember the CDC repeatedly denied reports of myocarditis before eventually admitting a link in 2021.

Ischemic Stroke risk is real. It’s not just in VSD. This is not new and has not recently shown up.

Natural Immunity FTW @NaturallyFTW

Shouldn’t they have, y’know, “investigated the link between Covid shots & stroke” Before injecting half the population?!2:42 AM ∙ Jan 14, 2023330Likes45Retweets

end

Why did Hunter Biden pay Joe Biden $50,000 per month to rent a house where the classified documents were stored next to the Corvette? ZERO is on the money here! How did Hunter afford this?

What’s going on? Miranda Devine is on the case and doing some great work. Something stinks and stunk but no one seemed to notice. ZERO Hedge did

DR. PAUL ALEXANDERJAN 17
 
SAVE▷  LISTEN
 
Image

https://www.zerohedge.com/political/why-was-hunter-biden-paying-joe-50k-month-rent-house-where-classified-documents-found

Is there an Increase of Chronic Ascending Aortic Dissection as a Collateral Effect to the COVID-19 Pandemic? virus yet ALSO COVID gene injection? Did the COVID jab cause Grant Walh’s Aortic Aneurysm?

I am willing to argue YES, it did! We are not given the full information and it is a shame and reckless to me, while respecting privacy, it is a public health imperative for us to know vaxx status

DR. PAUL ALEXANDERJAN 14
 
SAVE▷  LISTEN
 

Among other cardiovascular complications of Covid-19, aortic dissection has been a significant yet underrated problem. The pathophysiology of aortic dissection consists of various inflammatory pathways, that could be influenced by Covid-19 infection.’ I argue that if the spike protein on the viral ball is so toxic and causes so much damage as the business end of the virus, then it is more than likely the spike protein induced by the COVID mRNA platform, DNA platform also, that is toxic and even more so, causing devastating effects, and potentially, Aortic Aneurysm.

SOURCE:

Spontaneous rare visceral pseudoaneurysm presenting with rupture after COVID-19 vaccination

SOURCE:

https://www.frontiersin.org/articles/10.3389/fcvm.2021.645135/full

SOURCE:

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8817949/

/VACCINE IMPACT

Florida Governor DeSantis on COVID “Vaccines” – Savior or Murderer? 19,000% Increase in Senior Deaths After COVID Shots

January 13, 2023 9:35 pm

Florida Governor Ron DeSantis is being primed by the Republican Party to become the next Republican nominee for the office of the President of the United States. He is being advertised as anti-COVID injections, in an effort to offer a clear choice over the very pro-vaccine Donald Trump. However, if we look at the history of the roll-out of the COVID injections in the State of Florida, it becomes very clear from DeSantis’ previous statements and actions that he has always been pro-COVID injections, and that he was also part of Donald Trump’s Operation Warp Speed. I have put together a video that documents his history in rolling out the shots in the State of Florida that is under 10 minutes. Governor DeSantis strongly pushed the shots on seniors in Florida, and to this day neither he nor his Surgeon General have stopped recommending the shots for seniors. Data from the U.S. Government Vaccine Adverse Events Reporting System (VAERS) show a 19,000% increase in the deaths of seniors following the experimental COVID-19 “vaccines,” compared to the average of seniors who died following all FDA-approved vaccines from the previous 10 years prior to COVID in 2020. As to the children in the State of Florida, they are still being injected with these bioweapons, even though they are not “recommended.” Over a thousand children have been recorded in VAERS as suffering adverse reactions following a COVID experimental shot, and many babies are included, even before the shots were authorized by the FDA for babies and toddlers, because Florida is home to three COVID-19 ongoing vaccine trials for Moderna for babies and toddlers.

Read More..

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“Sudden Deaths” Continue to Explode at the Beginning of 2023January 15, 2023 4:03 pm“Sudden deaths” of children and young, previously healthy people, continue to be reported here at the beginning of 2023. From celebrities to athletes to children, those who trusted in the COVID-19 shots continue to drop dead in unprecedented numbers, while the corporate media and the U.S. Government continue to try and dispute that these deaths have anything to do with the “vaccines.” There is one thing that is certain: if you refuse the vaccines, you cannot die from being injected by them. Here is a short video collection of obituaries of those who have died suddenly within the past few weeks.Read More…Dr. Aseem Malhotra on the BBC: Hero or Controlled Opposition?January 16, 2023 5:05 pmBritish Cardiologist Dr. Aseem Malhotra is making headlines in the Alternative Media for his appearance on the BBC this weekend. The Alternative Media are hailing this as a “breakthrough,” claiming that the BBC “made a mistake” by allowing Malhotra to speak freely on his concerns about the mRNA COVID shots’ link to cardiovascular deaths, and Malhotra’s tweet seems to support that claim. Why did the BBC invite him to come on the air and do this interview this past weekend, when in the past Malhotra was accused as being a heretic in the corporate media because of his views against cholesterol-lowering statin drugs? They specifically invited him to come on the air to discuss the NHS’s new guidelines that people could be prescribed daily cholesterol-lowering statin drugs to cut their risk for sudden heart attacks and strokes. Did they know that Dr. Malhotra’s position on statin drugs was that he was primarily against them? Of course they did! That is exactly why he was invited on to their show, to convince people that statin drugs were not the right drug to use to treat all of these increases in sudden heart attacks and strokes. Like ivermectin and hydroxychloroquine, the former block buster statin drugs all now have patents that have expired, and they are available as cheap generics. So since statin drugs are so cheap now, Big Pharma wants to develop new drugs to treat the sudden rise in heart disease. We know for example that Moderna is working on an mRNA cancer vaccine, and have even partnered with Merck, the company that has the only cancer vaccine currently on the market, the deadly HPV Gardasil vaccine that has destroyed the lives of so many child-bearing aged young women. And as to Dr. Malhotra’s comments on the mRNA COVID shots, do you really believe his views on this were not known to the BBC before they invited him on to their show? Malhotra went public in his opposition to the mRNA COVID shots last year, and in September of last year, 2022, he published a peer-reviewed paper calling for “an Immediate and Complete Suspension of Covid-19 Vaccines.” Is it realistic to think that the BBC somehow missed this??Read More…

VACCINE INJURY

Multiple Young Athletes And Former Athletes Died Suddenly This Past Month

SUNDAY, JAN 15, 2023 – 11:10 AM

Former Alabama Broncos star running back Ahmaad Galloway died suddenly this week at age 42.  Galloway was an eighth-grade English teacher at Compton-Drew Middle School in St. Louis, Missouri. When Galloway did not show up for work, the school contacted authorities. Police conducted a welfare check and found the former football star dead in his apartment.  The cause of death has not yet been made public. 

Compton-Drew Middle School Principal Susan Reid said she knew something wasn’t right.

“Ahmaad was always on time, very responsible, so we knew something might be wrong,” Reid told WVTM 13. “There wasn’t anything disrupted at Ahmaad’s apartment, so we are thinking that it could have been a medical issue.”

His passing is just one among a flurry of sudden fatalities in the past year among athletes and former athletes in particular, occurring at relatively young ages.  In the majority of deaths, heart failure or circulatory failure is found to be the culprit.

Jordan Brister, 18, died Sunday, Jan. 8, after suffering a cardiac arrest on Jan. 3 during the school day at Amplus Academy in Las Vegas, according to a statement by the school shared by NBC affiliate KSNV. He was found unresponsive in the school bathroom after attending gym class, his family told KSNV.

According to local reports from Campbell County, 17-year-old Max Sorenson died of a “medical event” at his home Monday, December 26. Campbell County Coroner Paul Wallem said that following the medical incident at his home, the high school basketball player was rushed to the Campbell County Memorial Hospital in Gillette, Wyoming.

However, despite efforts from the doctors, he was pronounced deceased.

Mixed Martial Arts (MMA) fighter Victoria ‘The Prodigy’ Lee has tragically died last week at just 18 years old, of a medical condition which has not yet been revealed to the public.

A 16-year-old girl in Las Vegas has died after “suffering a medical episode during an athletic event according to a message sent to families,” reported KSNV, the NBC affiliate in Las Vegas. The student has been identified as 16-year-old Ashari Hughes. The medical emergency occurred Jan. 5 during a flag football game, according to The Las Vegas Review-Journal. The newspaper also reported that Hughes collapsed during her team’s home game against Valley High School. She was taken to the hospital and died later that night.

The list goes on and on.

Excess deaths have jumped dramatically in the US (excess deaths being fatalities beyond the yearly average).  The majority of excess deaths in the past two years involving people under the age of 65 were not caused by Covid infection.  At least 32,000 excess deaths in 2021 have been directly attributed to heart failure and circulation related failures.  Circulatory deaths were a major contributor to additional deaths among ages 18 to 44.

The UK has released information indicating a similar spike in excess deaths last year – The highest in 50 years, in fact.  UK officials of course deny any connection to vaccine side effects (an often cited concern by the public), and instead claim that heart failure may be the after-effect of covid infection.  However, multiple reports and studies show that the covid virus causes no significant damage to the heart and is not a contributor to heart failure, despite rumors spread within the mainstream media. 

For example, In March 2021, a group of sports cardiologists reported on nearly 800 professional athletes who had tested positive for Covid-19. Less than 1% of these athletes had abnormal findings on cardiac magnetic resonance scans or stress echocardiography. None of these athletes had cardiovascular trouble when they returned to play. 

This means that there is some other cause besides covid which just happens to have started in 2021.  Studies do show a direct link between covid vaccination and Myocarditis.  This would help to explain the jump in non-covid excess deaths related to heart failure since 2021, but since most studies investigating vaccination side effects do not use unvaccinated people as a control group, there is no hard data on vaccinated versus unvaccinated negative events.

   

There will certainly be deaths among younger people for a myriad of reasons that are natural, and the cause of death of Ahmaad Galloway and others may be any number of culprits as many medical reports remain unreleased.  That said, it is important to note the ongoing and highly suspicious trend of heart damage to people well below the age of commonality and track it carefully.

END

A must read:   

The FAA has very quietly tacitly admitted that the EKGs of pilots are no longer normal. We should be concerned. Very concerned.

Robert Hryniak11:17 AM (3 minutes ago)
to

A new risk in air travel, especially long haul flights ..

https://stevekirsch.substack.com/p/the-faa-has-very-quietly-tacitly

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Ed Dowd Says 7,500 Americans Are Killed or Disabled Each Day from COVID Vaccines

Robert HryniakFri, Jan 13, 6:18 PM (16 hours ago)
to

Sometimes one wonders if the clown show knows what it is doing. It is one thing to depopulate a nation but to try to do this on a scale that seems to be occurring is mindless. Why? Because indiscriminate removal across any work force does not just cause interference with creation of value, it actually prevents it by disruption. And that is nothing to say about the early loss of life which is painful to so many who lose loved ones before their time.
As it is skill sets are in short supply everywhere causing a lengthened production schedule chewing up both  time and increasing cost either by price or delays. The weak state of economies is fragile enough and this will put further stress on a already stressed supply chain hampering recovery.
Since everywhere there seems to be shortage of people and we wonder where they are; perhaps this tells the tale. Since we hear weekly about impairment of athletes and like, it suggests there is something here to ponder.

END

ED DOWD/DR PANDA..

A MUST READ…

Too Big To Hide?

“Narrative Collapsing, Unexplained Deaths: A Shift in the Story Is Coming Soon” – Edward Dowd

DR PANDAJAN 17
 
SAVE▷  LISTEN
 

Good Morning!

Well, this is interesting. Edward Dowd has confirmed what was a whisper on social media. The White House is going to try to change the sudden death narrative.

Edward Dowd is a former Wall Street analyst and BlackRock portfolio manager, who has been analyzing excess mortality data from the CDC and insurance companies. He is also working with Josh Stirling – who was a key speaker at Senator Ron Johnson’s COVID roundtable in December. His analysis determined a 26% higher mortality rate in the vaccinated based on data released by the UK Government.

Mr. Dowd said the White House is potentially preparing to announce an epidemic of sudden death but blame it on long COVID and climate change. The sudden deaths are becoming too large to hide.

“So it’s starting to emerge, it’s becoming too big to hide….They’re going to have to change the narrative.”

The Vigilant Fox @VigilantFox

Narrative Collapsing, Unexplained Deaths: A Shift in the Story Is Coming Soon – @DowdEdward “One of my sources in the government told me that … the White House is potentially preparing to declare an epidemic of sudden death and that they might blame long COVID …”

Image

10:41 PM ∙ Jan 16, 20232,516Likes1,471Retweets

What is influencing their decision to go public and admit an epidemic of sudden death? Mr. Dowd says they have no choice but to admit it and points to a few things:

Damar Hamlin NFL Incident

Damar Hamlin’s live cardiac arrest brought awareness to millions of people. It got the topic of vaccine injuries and deaths to millions of people – most who don’t follow the news. This triggered a public debate on whether his collapse was due to the COVID-19 vaccine.

Rasmussen Poll

A Rasmussen Poll recently released shows that a whopping 49% believe that it is likely that COVID-19 vaccines caused a significant number of unexplained deaths – 28 % believe it is very likely.

The poll also showed 28% of people surveyed personally know someone who they believe died directly from the COVID-19 vaccine.

Nearly half (48%) of respondents believe there are legitimate reasons to be concerned.

Disability Data

According to Mr. Dowd recent disability data from December shows and increase of 100,000 people over November. Disability is up 3.2 million since 2021 began and of that 1.7 million people are employed. He blames this on mass vaccination campaigns and job vaccine mandates.

“It’s becoming to big to hide.”

“Whatever is going on it’s disabling the employees and most abled bodied amongst us. Obviously I blame it on two things, mass vaccination programs and job mandates.”

“So the numbers are becoming large, effecting the economy, and it’s becoming too big to hide.”

Interestingly Jerome Powell recently spoke about the labor participation rate being “quite slow.” Could this be because people are actually being disabled instead and physically cannot work?

Yahoo Finance @YahooFinance

“We want participation to come back, but it’s been quite slow,” Fed Chair Jerome Powell says about people in the workforce. “It probably will take a long expansion to draw people back into the labor market.”

Image

4:23 PM ∙ Jan 11, 202219Likes8Retweets

Just to be clear this isn’t set in stone. This might be true, might not be. It does sound like something they would do. The normal sheep will follow it. Watch the entire video – Long COVID isn’t causing this.

What is everyone’s thoughts on this?

SLAY NEWS//

The latest reports from Slay NewsCDC Launches Investigation as Pfizer’s Booster Linked to StrokesThe U.S. Centers for Disease Control and Prevention (CDC) has launched an investigation into Pfizer’s updated “boosters” after the government’s safety monitoring system detected a potential link between the pharmaceutical giant’s bivalent shots and strokes.READ MOREBiden Scandal Erupts as Third Batch of Classified Documents Found in Delaware, Threatening to Bring Down PresidencyJoe Biden’s classified documents scandal erupted today as a third batch was found at the Democrat president’s residence in Wilmington, Delaware.READ MOREBBC Host Jennie Gow Suffers ‘Serious Stroke’ at 4545-year-old BBC host Jennie Gow has suffered a “serious stroke.”READ MOREKellyanne Conway: Media Is Turning on Biden, ‘Asking the Tough, Probing Questions’Fox News contributor Kellyanne Conway has warned Joe Biden that the honeymoon is over and the media is turning on him amid the Democrat president’s classified documents scandal.READ MOREKyle Rittenhouse Fires Back at ‘Woke Crowd’ after Snub: ‘Disappointing to See That Places Continue to Censor Me’Constitutional rights advocate Kyle Rittenhouse has fired back after his event was canceled because his “values” conflict with those of the “woke crowd.”READ MORETim Tebow Surprised with Rare Honor during Live TV Broadcast: ‘All Glory to God’Heisman Trophy winner and former NFL player Tim Tebow was left stunned on national television with the news he received a rare honor that cements his legacy as one of the best college football players in history.READ MORERecession Fears Increase, despite Major Banks Beating Earnings ForecastsRecession fears are beginning to mount in the United States, despite most major American banks beating their earnings forecasts.READ MOREJoe Rogan Slams ‘Evil’ George Soros: ‘He Wants Crime to Flourish’Podcaster Joe Rogan has slammed George Soros, warning that the radical billionaire is an “evil person” who “wants crime to flourish.”READ MOREFacebook Censored ‘Often-True Content’ on Covid Shots to Appease Biden White House, Emails ShowA bombshell batch of emails between the White House and Facebook executives reveals that the social media giant has been censoring “often-true content” about COVID-19 vaccines to appease the Biden administration.READ MOREAdam Schiff Tried to Censor Joke about Biden, Elon Musk’s Twitter Files ShowElon Musk has just dropped the latest installment of the “Twitter Files” which show that Democrat Rep. Adam Schiff (D-CA) tried to pressure the company to censor a joke about President Joe Biden.READ MORE16-Year-Old Charged with Carjacking 12 People in 7 Hours in ChicagoChicago police arrested a 16-year-old boy for committing 12 armed carjackings in 7 hours, according to law enforcement.READ MOREJim Jordan Launches First Investigation Into Biden’s Mishandling of Classified DocumentsRepublican Reps. Jim Jordan (R-OH) and Mike Johnson (R-LA) have just launched the first investigation into Democrat President Joe Biden’s growing classified document scandal.READ MOREMovie Star Kumail Nanjiani: ‘Woke’ Hollywood Will Only Cast White Actors as ‘Bad Guys’Pakistani-American movie star Kumail Nanjiani has said he can’t get roles playing villains because Hollywood is too “woke” to cast non-white actors as “bad guys.”READ MOREThe latest reports from Slay NewsWealthy Elites Now ‘Require’ Unvaccinated Pilots to Fly Private JetsWealthy elites are now insisting that crew members on their private jets are unvaccinated, a pilot has claimed.READ MOREBill Gates Grilled by Fans: ‘Why Did You Continue Associating with Jeffrey Epstein after He Was Convicted?’Microsoft co-founder Bill Gates invited Reddit users to an “ask me anything” session but it severely backfired when he was grilled about his connections to Jeffrey Epstein.READ MOREWashington Fire Captain Dies Suddenly at 46, Found Dead in Bed: ‘Completely Unexpected’A Clallam County, Washington fire captain has died suddenly at just 46 years old, according to got reports.READ MOREWEF Elites: ‘Cost-of-Living Crisis’ Is World’s Top Risk in Past Two YearsGlobal elites attending this year’s World Economic Forum (WEF) annual meeting in Davos, Switzerland view the “cost-of-living crisis” as the top issue facing society in the past two years.READ MOREEx-Clinton WH Advisor: Biden Will ‘Get Creamed’ over Classified Docs – ‘It’s a Very, Very Big Deal’Former Bill Clinton administration advisor David Gergen has warned that Democrat President Joe Biden will get “creamed” over his classified documents scandal because “it’s a very, very big deal.”READ MOREFTX CEO ‘Created Secret Backdoor’ for Laundering Money, Court HearsAn attorney for bankrupt cryptocurrency exchange FTX has testified in court that former CEO Sam Bankman-Fried ordered a “secret backdoor” to be created for laundering money.READ MOREMcCarthy Vows to Release All Capitol Security Footage from Jan 6Republican House Speaker Kevin McCarthy (R-CA) has vowed to release all of the Capitol Buildings’ security footage from the Jan. 6 riots, much of which has been hidden from the public by the Democrats.READ MOREMatt Gaetz and Lauren Boebert Say All Jan 6 Footage Will Be Released by GOP HouseRepublican Reps. Matt Gaetz (R-FL) and Lauren Boebert (R-CO) have revealed that the GOP-controlled House is planning to release all U.S. Capitol security footage from January 6, 2021.READ MOREPelosi Reports Stock Trades, Loses $2.5 Million, Financial Disclosure Forms ShowDemocrat Rep. Nancy Pelosi (D-CA) and her husband Paul have suffered massive losses in the stock market, according to the former speaker’s federal disclosure forms.READ MORESF Judge Sides with Elon Musk, Forces Ex-Twitter Employees to Drop Class Action Lawsuit for ArbitrationA San Francisco judge has overruled disgruntled ex-Twitter employees and sided with the company’s CEO Elon Musk.READ MOREDamar Hamlin Makes Triumphant Return to Buffalo Bills, Greets Teammates and Stands on His OwnDamar Hamlin made his triumphant return to the Buffalo Bills today to greet teammates ahead of tomorrow’s playoff game against the Miami Dolphins.READ MOREJudge Throws Book at Ex-Playboy Model, Sentences Kelsey Turner to 10-25 Years in PrisonA former Playboy was sentenced to 10 to 25 years in Nevada state prison for the role she played in the death of a California doctor found stuffed in the trunk of a car near Las Vegas.READ MOREDeSantis Tells NHL to Pound Sand over ‘Discriminatory’ Job Posting: ‘Not Welcome in Florida’Florida’s Republican Governor Ron DeSantis has told the National Hockey League (NHL) to pound sand over a job posting that he blasted as “discriminatory.”READ MORE

MICHAEL EVERY/RABOBANK

7//OIL ISSUES//NATURAL GAS ISSUES/USA AND GLOBE

Norway Replaces Russia As Germany’s Top Gas Supplier

MONDAY, JAN 16, 2023 – 05:30 AM

Authored by Charles Kennedy via OilPrice.com,

Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday.

Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for last year, compared to a 52% share in 2021, said the German regulator.

Last year, Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany in June until shutting down the pipeline in early September, claiming an inability to repair gas turbines for the pumping stations due to Western sanctions.    

The lack of gas deliveries from Russia was partly compensated for by additional imports, including from the Netherlands, Belgium, and Norway, the German network agency said today.

Europe’s biggest economy also saved a lot of gas in 2022, partly due to household saving and to industrial production curtailments due to soaring gas prices.

According to Bundesnetzagentur, Germany’s natural gas consumption dropped by 14% in 2022 compared to the average consumption for the past four years. Industrial demand fell by 15% compared to the average for the past four years. Between October and December, industrial gas consumption fell by 23%, and consumption by private consumers and businesses was 21% below the previous years.

As supply from Russia fell and then stopped in early September, Germany started looking at importing LNG and began construction of regasification terminals to be able to welcome cargoes. The first such terminal, a floating LNG import terminal, officially opened at the end of 2022 at Wilhelmshaven on Germany’s North Sea coast. 

Earlier this week, Germany welcomed the first tanker carrying LNG at the newly opened LNG import terminal at Wilhelmshaven, with the cargo arriving from the Calcasieu Pass export facility in the United States. 

END

8.EMERGING MARKETS ISSUES//AUSTRALIA ISSUES.

BRAZIL

END

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

EURO VS USA DOLLAR:1.0844  UP  .0015 

USA/ YEN 128.66 UP  0.315/NOW TARGETS INTEREST RATE AT .50% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  STILL FALLS//

GBP/USA 1.2377 UP   0.0029

 Last night Shanghai COMPOSITE CLOSED DOWN 3.35 PTS OR 0.10% 

 Hang Sang CLOSED DOWN 169.08 POINTS OR 0.78% 

AUSTRALIA CLOSED DOWN 0.10%  // EUROPEAN BOURSE: ALL RED 

Trading from Europe and ASIA

I) EUROPEAN BOURSES  ALL RED

2/ CHINESE BOURSES / :Hang SANG CLOSED DOWN 169.08 PTS OR 0.78% 

/SHANGHAI CLOSED DOWN 3.35 PTS OR 0.10%

AUSTRALIA BOURSE CLOSED DOWN 0.10% 

(Nikkei (Japan) CLOSED UP 316.26 PTS OR 1.23%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1907.80

silver:$24.03

USA dollar index early TUESDAY morning: 101.96 UP .01  BASIS POINTS from FRIDAY’s close.

 TUESDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing MONDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 2.968% DOWN 10  in basis point(s) yield

JAPANESE BOND YIELD: +0.540% UP 3 AND 7/100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.057%// DOWN 10  in basis points yield 

ITALIAN 10 YR BOND YIELD 3.88 DOWN 12   points in basis points yield ./ THE ECB IS QE ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: RISES TO +2.082% DOWN 8 BASIS PTS 

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY  

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

Euro/USA 1.0804 DOWN 0.0251  or 25 basis points//

USA/Japan: 128.16 DOWN 0 AND 16/100 OR YEN UP 16  basis points/

Great Britain/USA 1.2274 UP.0066 OR  66 BASIS POINTS //

Canadian dollar  UP .0012 OR 12 BASIS pts  to 1.3385

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The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED ..(DOWN) AT 6.7739

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. 6.7756

TURKISH LIRA:  18.79  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.540…VERY DANGEREOUS

Your closing 10 yr US bond yield UP 1 IN basis points from FRIDAY at  3.522% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield   3.640 UP 2 in basis points 

Your closing USA dollar index, 102.08 UP  14  BASIS 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  TUESDAY: 12:00 PM

London: CLOSED DOWN 13.80 PTS OR  0.18%

German Dax :  CLOSED UP 43.86 POINTS OR 0.29%

Paris CAC CLOSED UP 25.95  PTS OR 0.37% 

Spain IBEX UP 13.60 POINTS OR 0.15%

Italian MIB: CLOSED UP53.63  PTS OR  0.21%

WTI Oil price 80.01   12: EST

Brent Oil:  85.71  12:00 EST

USA /RUSSIAN ///   UP TO:  69.15/ ROUBLE DOWN 0 AND 72/100       RUBLES/DOLLAR

GERMAN 10 YR BOND YIELD; +2.082

UK 10 YR YIELD: 3.3590  DOWN 3 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0790  DOWN .0039    OR 39 BASIS POINTS

British Pound: 1.2276 UP   .0068  or  68 basis pts

BRITISH 10 YR GILT BOND YIELD:  3.354% UP 3 BASIS PTS

USA dollar vs Japanese Yen: 128.23    DOWN 0.104/YEN UP 10 BASIS PTS//

USA dollar vs Canadian dollar: 1.3383 DOWN .0016 (CDN dollar, UP 16 basis pts)

West Texas intermediate oil: 81.05

Brent OIL:  86.69

USA 10 yr bond yield UP 3 BASIS pts to 3.538%

USA 30 yr bond yield UP 3 BASIS PTS to 3.650%

USA dollar index:102.16 UP 21  BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 18.78

USA DOLLAR VS RUSSIA//// ROUBLE:  69.15  DOWN  0 AND  72/100 roubles

DOW JONES INDUSTRIAL AVERAGE: DOWN 391.96 PTS OR 1.14% 

NASDAQ 100 UP 15.70 PTS OR 0.14%

VOLATILITY INDEX: 19.33 DOWN 0.16 PTS (0.82)%

GLD: $177.59 DOWN 1.17 OR 0.65%

SLV/ $22.01 DOWN .32 OR 1.43%

end)

USA trading day in Graph Form

BoJ, Beijing, & Brussels Leave Banks, Bonds, Big-Tech, Bitcoin, & Bullion ‘Mixed’ After Long-Weekend

TUESDAY, JAN 17, 2023 – 04:01 PM

“Surprisingly” good economic growth data from China (sure, we believe you) coupled with more chaos in Japanese bond markets as it becomes clear that Kuroda as his cronies have lost control of their bond market (the largest in the world) provided some fun and games over the weekend. But this morning saw terrible US data combine with dovish ECB speak (and mixed US bank earnings data) to offer yet more chaos across asset classes as levels swung violently intraday.

The Empire Fed survey puked unexpectedly hard this morning, dragging ‘soft’ survey data to six-month lows as ‘hard’ data hovers back near 7 month highs…

Source: Bloomberg

The bad economic news and dovish ECB sent US rate-hike expectations shifted dovishly intraday…

Source: Bloomberg

Comments from ‘sources’ about The ECB shifting less hawkishly sparked Euro selling…

Source: Bloomberg

…and kneejerk higher in US stocks (and bond prices) but that did not last long. Goldman weighed down The Dow on the day which was the ugliest horse in the equity market glue factory today.Late-day comments from Fed’s Barkin reaffirming the ‘higher for longer’ narrative (“as long as inflation is elevated, we need to keep hiking”) sparked some selling, erasing gains for all the majors. The Nasdaq managed to cling to small gains as the cash market closed…

Bank stocks – since earnings started on Friday pre-market – are mixed with Morgan Stanley the biggest winner and Goldman Sachs clubbed like a baby seal…

Source: Bloomberg

TSLA shares soared over 7% today, back near 1 month highs…

“Most Shorted” stocks continued their huge squeeze higher, now up 20% from the post-payrolls dip…

Source: Bloomberg

Treasuries were mixed today with the long-end sold (30Y +4bps) and short-end bid (2Y -5bps)…

Source: Bloomberg

The 10Y JGB yield broke back above its 50bps YCC band…

Source: Bloomberg

The dollar drifted modestly lower (despite euro and yuan weakness as cable and yuan strengthened)

Source: Bloomberg

Bitcoin extended its gains from Friday, rallying and holding above $21,000…

Source: Bloomberg

Ethereum topped $1600 intraday today…

Source: Bloomberg

Oil was up for the 8th straight day – the longest winning streak since Feb 2021 – with WTI back above $81 since the first day of the year…

Gold inched lower today but futures remain above $1900…

Finally, this is why Jay Powell won’t cut rates anytime soon, despite the market’s expectations… As Bloomberg details, the consumer price index fell in December for the first time in 2 1/2 years after coming in below forecast the prior two months. The cooler inflation readings have led investors to price in almost a half percentage-point cut in the Federal Reserve’s benchmark interest rate by the end of this year. Fed officials, however, continue to maintain they will not be changing policy, pointing to lessons learned in 1980.

Source: Bloomberg

The central bank, then led by Chairman Paul Volcker, cut rates after CPI growth slowed markedly in mid-1980. Inflation then re-accelerated, forcing the Fed to reverse course and again raise rates, sparking the second of two recessions in the decade.

Additionally, the market’s decoupling between “goldilocks” financial conditions easing and “recession” yield curve inversion continues to widen…

Source: Bloomberg

The last time the market got this ‘optimistic’, financial conditions tightened back down to reality of the yield curve.

END

EARLY MORNING TRADING/

Stocks Spike On Report ECB To Slow Hikes After February

TUESDAY, JAN 17, 2023 – 10:14 AM

US stocks spiked, with spoos rising above both the closely watched 200DMA and the descending channel resistance level, after Bloomberg reported that echoing the Fed, the ECB is also “starting to consider a slower pace of interest-rate hikes than President Christine Lagarde indicated in December” citing officials with knowledge of their discussions. As the report notes,

While the report notes that the 50 bps hike in February remains likely, “the prospect of a smaller 25-point increase at the following meeting in March is gaining support, the officials said.”

And although the sources were quick to add that “any slowdown in monetary tightening shouldn’t be viewed as the ECB going soft on its mandate” and that “no decisions have been taken, and that policymakers may still deliver the half-point move for the March meeting that Lagarde penciled in on Dec. 15”, the market immediately read between the lines and – realizing that the global tightening wave is almost over – immediately sent expectations for an ECB March rate hike tumbling…

… and sent futures to session highs…

… pushing spoos above both the 200DMA and the descending channel resistance level which had proven insurmountable for the S&P since last April.

Naturally, yields promptly tumbled.

Weaker-than-expected inflation in the euro area, a drop in natural gas prices and the prospect of gentler tightening by the US Federal Reserve have brought some comfort to policymakers as they ponder how to continue the most aggressive rate hikes in ECB history.

While officials opted to slow the pace of increases in December with a 50-basis-point move, they coupled that decision with a sense of heightened vigilance on price stability. Lagarde said then that available data “predicate” a 50-basis-point hike at the Feb. 2 meeting “and possibly at the one after that” — cautioning that decisions will continue to be data-dependent.

As Bloomberg notes, economists currently anticipate moves of that magnitude at the next two meetings, with money markets betting on a half-point hike next month and placing more than 80% odds on a similar increase in March, with the deposit rate expected to peak below 3.5% by July.

Whether and how inflation prospects have shifted will only become apparent with the new forecasts in March, which might help justify a less aggressive pace. That may be one reason for policymakers to be cautious about departing from their outlined hike in February.

EARLY AFTERNOON TRADING//

Stocks Tank After US Regulator Threatens To Break-Up ‘Too Big To Manage’ Banks

TUESDAY, JAN 17, 2023 – 02:26 PM

Acting Comptroller of the Currency Michael Hsu appeared to want to make an early name for himself this afternoon as The Wall Street Journal reports the top federal banking regulator warned that big banks may need to be broken into smaller pieces if they become too big to manage and are unable to fix significant regulatory lapses.

Banks can become so big and complex “that control failures, risk management breakdowns, and negative surprises occur too frequently,” Mr. Hsu said, speaking at the Brookings Institution, a Washington think tank.

“Not because of weak management, but because of the sheer size and complexity of the organization.”

“In short, effective management is not infinitely scalable,” he said.

Tuesday’s remarks are consistent with those from others made by the Biden administration and its top regulators, who are seeking to address concerns that the steady growth of the nation’s largest banks has introduced new risks to the financial system.

On Tuesday, WSJ reports that Mr. Hsu said the most effective and efficient way to successfully fix issues at a bank deemed too big to manage is to simplify it by divesting businesses, curtailing operations, and reducing complexity.

Bank stocks were hit…

But the broad market took a spill on the headlines…

While rogue actors do exist, Hsu said significant problems are typically “multi-causal and reflect deeper, unseen weaknesses, which if unaddressed can manifest as further incidents in the future.”

ii) USA DATA

A big indicator that the uSA economy is in trouble

(zerohedge)

Empire Fed Manufacturing Survey Totally Collapses

TUESDAY, JAN 17, 2023 – 08:39 AM

Against a background of some recent ‘better than expected’ macro prnts that bolstered the ‘soft landing’ thesis spurring stocks higher and rate-hike-odds lower, the Empire Fed Manufacturing Survey just stole the jam out of the bulls’ donuts.

The NYFed’s general business conditions index crashed nearly 22 points to -32.9 this month (twice as bad as the weakest analyst estimate).

Aside from the trough of COVID lockdowns in May 2020, this is the weakest print since March 2009, and has been in contraction in five of the last six months.

New orders dropped nearly 28 points to minus 31.1, also the lowest since May 2020 and marking the third-straight month of contraction. 

Shipments plunged by a similar amount to the lowest since August.

Factory employment fell to its weakest level in more than two years, indicating that hiring has essentially stalled.

Moreover, an index of the employee workweek shrank to the lowest since August.

…but, but, but ‘soft landing’?

END

USA layoffs are far higher than what is suggested from initial jobless numbers or JOLT numbers

(zerohedge)

US Layoffs Far Higher Than Suggested By Initial Jobless Claims, JOLTS

TUESDAY, JAN 17, 2023 – 12:08 PM

When it comes to labor market data (or rather “data”), Biden’s labor department is a study in contrasts (and pats on shoulders). One day we get a contraction in PMI employment (both manufacturing and services), the other we get a major beat in employment. Then, one day the Household survey shows a plunge in employment (in fact, there has almost been no employment gain in the past 9 months) and a record in multiple jobholders and part-time workers, and the same day the Establishment Survey signals a spike in payrolls (mostly among waiters and bartenders). Or the day the JOLTS report shows an unexpected jump in job openings even as actual hiring slides to a two year low. Or the straw the breaks the latest trend in the labor market’s back, is when the jobs report finally cracks and shows the fewest jobs added in over a year, and yet initial jobless claims tumble and reverse all recent increases despite daily news of mass layoffs across all tech companies, as the relentless barrage of conflicting data out of the BLS just won’t stop, almost as if to make a very political point.

But while one can certainly appreciate Biden’s desire to paint the glass of US jobs as always half full, reality is starting to make a mockery of the president’s gaslighting ambitions, as one by one core pillars of the administration’s “strong jobs” fabulation collapse. First it was the Philadelphia Fed shockingly stating that contrary to the BLS “goalseeking” of 1.1 million jobs in Q2 2022, the US actually only added a paltry 10,000 jobs (just as the Fed unleashed an unprecedented spree of 75bps rate hikes).

And now, it is Goldman’s turn to make a mockery of the “curiously” low initial jobless claims, by comparing them to directly reported WARN notices which no low-level bureaucrat and Biden lackey can “seasonally adjust” because there they are: cold, hard, fact, immutable and truly representative of the underlying economic truth. So what is said truth?

Before we answer that, a quick background into what a WARN notice is.

As Goldman’s Manuel Abecasis writes in “Introducing a Timely Measure of Economywide Layoffs Based on WARN Notices” (available to pro subs), while job openings have declined substantially without any increase in the unemployment rate so far, “a key question is whether this pattern is now changing. Press reports indicate that layoffs are rising, but they tend to overemphasize the technology sector. The official JOLTS data indicate that the economy-wide layoff rate remains low, but they are released with a lag.”

So, to track layoffs in a way that is both representative and timely (and not skewed by political favoritism and arbitrary and false seasonal adjustments), Goldman has collected data from advance layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act. The WARN Act requires companies to notify state governments and affected individuals of plans to lay off 500 or more employees (and 50 or more employees when an employment site is shut down or when the number of layoffs make up at least one-third of the company’s workforce) at least 60 days in advance. If companies fail to comply with the WARN Act, they are required to pay wages and benefits to the affected workers for the duration of the violation. Companies are exempted from the WARN notification requirement only when layoffs are the result of natural disasters or unforeseeable business circumstances, or when issuing a WARN notice would prevent a company from obtaining capital or business that would allow it to postpone or avoid a shutdown.

And since many state governments upload these notices to their websites right after they are received, this allows analysts to use the data for a few large states to construct a timely measure of planned layoffs. In Exhibit 1, we use data from researchers at the Cleveland Fed to show that WARN notices for the states we cover account for most of the variation in national WARN notices.

So turning to the actual data, what does it reveal.

Well, as shown in the chart below, that’s Goldman’s recently constructed timely WARN notices measure. To account for reporting delays, the bank’s economists adjusted their measure for the average number of days between when notices are dated and when they are posted on state government websites. The analysis suggests that WARN notices were well below their pre-pandemic levels between April and August of 2022 but have risen relative to the pre-pandemic seasonal norm in the last few months. The notices we have observed so far this month are consistent with a roughly 21k monthly rate for January, somewhat higher than the 19k average in 2017-2019.

The next and final chart shows that WARN notices also track the JOLTS layoff rate: WARN notice counts remained elevated in late 2020 even as the layoff rate declined, but this likely reflects unusual reporting delays during the pandemic and the exclusion of layoffs at closing establishments in the JOLTS survey, which WARN notices capture provided firms remain in business. Not surprisingly, Goldman’s tracking estimate based on December and January WARN notices for the large states covered not only shows that the recent drop in initial claims is unlikely, but that it is also consistent with a layoff rate of around 1.1%, higher than the 0.9% in the November JOLTS report.

And while the WARN data clearly indicate that both claims and JOLTS data is misrepresenting the underlying economic reality in an overly cheerful manner, the silver lining is that the bank’s findings are consistent with recent survey results from the Conference Board, which have signaled that company executives would be more reluctant to lay off workers than in typical downturns. Of course, that is all contingent on the coming recession being shallow, a concept which as we discussed before, is at best idiotic.

More in the full report available to pro subs

END.

III) USA ECONOMIC STORIES

Republicans launch probes into Biden’s absurd Afghan withdrawal

(zerohedge0

GOP-Led House Launches Probe Into Biden’s “Absurd & Disgraceful” Botched Afghan Withdrawal 

FRIDAY, JAN 13, 2023 – 06:40 PM

The Republican-led House has launched a formal probe into the Biden administration’s chaotic and deadly Afghanistan troop withdrawal operation and evacuation of August 2021, which is to be complete with issuing subpoenas for US officials to undergo depositions, in order to gain a clear picture of what happened and the botched decision-making. This as there’s still yet to be any level of accountability for officials that oversaw the disaster.

The Hill reports Friday, “Rep. Michael McCaul (R-Texas), the chairman of the House Foreign Affairs Committee who served as its ranking member previously, said the Biden administration has so far refused to hand over documents but that he is now formally requesting compliance as chair of the panel.”

McCaul blasted the White House, saying “It is absurd and disgraceful that the Biden administration has repeatedly denied our longstanding oversight requests and continues to withhold information related to the withdrawal.”Kabul airport blast aftermath, AFP via Getty Images

“In the event of continued noncompliance, the Committee will use the authorities available to it to enforce these requests as necessary, including through a compulsory process,” he added.

A Thursday letter to Secretary of State Antony Blinken demanded the handing over of relevant intelligence assessments, and internal agency documents, as well as any communications with either the Afghan government or Taliban that occurred in the lead-up to and during the withdrawal.

It was among the most disastrous withdrawals from a foreign conflict theatre of US troops in American history, which closed a 20-year long. increasingly unpopular occupation. At the time, widespread comparisons were made with the April 1979 fall of Saigon and its images of American helicopters landing on the rooftop of the US embassy to evacuate desperate personnel and their families.

13 US troops died as a result of a terror attack targeting a gate at Kabul international airport. Additionally about 170 Afghans died, as they had been crowded up against the gate that US Marines were manning.

Other countries, notably China and Russia widely mocked the US and Pentagon for its handling of the Afghanistan pullout…

The world also witnessed shocking scenes of two Afghans falling to their deaths after they sought to grab a hold of the undercarriage of a departing US Air Force C-17, after Kabul airport security broke down and huge crowds swarmed the runways. The body of another Afghan was found in the aircraft’s landing gear upon landing.

end

If Goldman Sachs is doing badly you can be rest assured that the entire USA economy is in trouble.  Big EPS miss and a monstrous loan loss provision increase of 183%

(zerohedge)

Goldman Tumbles After Big Revenue, EPS Miss; Loan Loss Provisions Soar 183%

TUESDAY, JAN 17, 2023 – 08:02 AM

We already knew that Goldman’s consumer-facing group formerly known as Marcus and since renamed to Platform Solutions would have a dismal quarter, after the bank disclosed last Friday that the troubled segment incurred a whopping $1.2 billion loss for the first nine of last year, with losses accelerating by the year. The filing also showed pretax losses have mounted to $3 billion since the start of 2020 driven by a surge in bad loan provisions which surged to $942 million for the first nine of 2022.

So how did the rest of the bank perform? In a word: lousy, and as the bank reported moments ago, it missed bigly on both the top and bottom line, with overall revenues sliding 16% driven by “significantly lower” revenue in Asset and Wealth management and lower net revenues in Global Banking & Markets, and while equity Sales and Trading missed expectations, both FICC and Investment Banking came above consensus estimates. Here is the summary:

  • Net revenue $10.59 billion, missing the estimate of $10.7 billion, -16% y/y
    • Global Banking & Markets net revenues $6.52 billion, -14% y/y
    • Investment banking revenue $1.87 billion, beating the estimate $1.64 billion
    • FICC sales & trading revenue $2.69 billion, +44% y/y, beating the estimate $2.37 billion
    • Equities sales & trading revenue $2.07 billion, -4.9% y/y, missing the estimate $2.14 billion
    • Advisory revenue $1.41 billion, -14% y/y, beating the estimate $1.03 billion
    • Equity underwriting rev. $183 million, -82% y/y, missing the estimate $238.5 million
    • Debt underwriting rev. $282 million, -70% y/y, missing the estimate $369.7 million
  • EPS $3.32, missing the estimate of $5.48
    • The effective tax rate was just 16.5%, down from 16.9% for the first 9 months.

Similar to other banks, Goldman reported that its 4Q 22 provision for credit losses surged 183% to $972 million, reflecting provisions related to the credit card and point-of-sale loan portfolios, “primarily from growth and net charge-offs,and individual impairments on wholesale loans.”

Oh how the mighty have fallen: In 2008 Goldman made a killing on subprime; in 2022/23 Goldman is getting killed by subprime.

The investment-banking giant has poured billions of dollars into its retail effort, which includes the Apple Card and specialty-lending platform GreenSky. That operation, which posted revenue of just $513 million for the quarter, has been a drag on earnings over the past three years.

Adding insult to injury, while revenues tumbled, expenses rose:

  • Total operating expenses $8.09 billion, +11% y/y, estimate $7.36 billion
  • Compensation expenses $3.76 billion, +16% y/y, estimate $3.28 billion

According to the bank operating expenses were 11% higher YoY, “reflecting higher compensation and benefits expenses, higher transaction based expenses, the inclusion of NNIP and GreenSky and impairments related to consolidated investments. Net provisions for litigation and regulatory proceedings for the fourth quarter of 2022 were $169 million compared with $182 million for the fourth quarter of 2021.

“Against a challenging economic backdrop, we delivered double-digit returns for our shareholders in 2022,” CEO David Solomon said in a statement Tuesday. “Our clear, near-term focus is realizing the benefits of our strategic realignment, which will strengthen our core businesses, scale our growth platforms and improve efficiency.”

As Bloomberg notes, the firm for the first time is showcasing the results of its key banking and trading units as a single division, an attempt to highlight its strengths relative to peers. As part of changes announced in October, Solomon also undid one of his own signature moves and reunited the wealth-management arm with the asset-management division.

Goldman also scaled back its ambitions for the consumer business, abandoning a goal to do business with the mass market. Key elements of that push have been dismantled, and what’s left has been set aside as the smallest stand-alone division, called Platform Solutions. That unit has been bolstered with the addition of the transaction-banking business.

Turning to the bank core’s global banking and markets group, we find that – no surprise – net revenues were materially lower Y/Y:

  • Investment banking fees were $1.87 billion, 48% lower than a strong fourth quarter of 2021due to significantly lower net revenues in both Equity and Debt underwriting, reflecting a significant decline in industry-wide volumes, and lower net revenues in Advisory, reflecting a significant decline in industry-wide completed mergers and acquisitions transactions from elevated activity levels in the prior year period. The firm’s Investment banking fees backlog decreased compared with the end of the third quarter of 2022.
  • Net revenues in FICC were $2.69 billion, 44% higher than the fourth quarter of 2021, primarily reflecting significantly higher net revenues in FICC intermediation, driven by significantly higher net revenues in interest rate products and commodities and higher net revenues in credit products, partially offset by significantly lower net revenues in currencies and mortgages. In addition, net revenues in FICC financing were significantly higher, primarily driven by secured lending. 
  • Net revenues in Equities were $2.07 billion, 5% lower than the fourth quarter of 2021, due to lower net revenues in Equities intermediation, reflecting lower net revenues in both derivatives and cash products.
  • Net revenues in Equities financing were higher, primarily reflecting increased client activity. Net revenues in Other were $(114) million, compared with $(59) million for the fourth quarter of 2021

But while Markets was solid, the bank’s Asset and Wealth Management group was a disaster:

  • Net revenues in Asset & Wealth Management were $3.56 billion for the fourth quarter of 2022, 27% lower than the fourth quarter of 2021 and 12% lower than the third quarter of 2022. The decrease compared with the fourth quarter of 2021 primarily reflected significantly lower net revenues in Equity investments and Debt investments.
  • The decrease in Equity investments net revenues reflected significantly lower net gains from investments in private equities. The decrease in Debt investments net revenues reflected net mark-downs compared with net mark-ups in the prior year period and significantly lower net interest income.
  • Incentive fees were significantly lower, primarily driven by harvesting in the prior year period.
  • Private banking and lending net revenues were significantly higher, primarily reflecting higher deposit spreads, as well as higher loan and deposit balances.
  • Management and other fees were higher, reflecting the inclusion of NNIP and a reduction in fee waivers on money market funds
    • During the year, Assets Under Supervision increased $77 billion to a record $2.55 trillion.
    • Net inflows from acquisitions/(dispositions) of $316 billion, substantially all from the acquisition of NNIP
    • Long-term net inflows of $50 billion and liquidity products net inflows of $16 billion
    • Net market depreciation of $305 billion, driven by fixed income and equity assets
  • During the quarter, AUS increased $120 billion ,reflecting net market appreciation of $87billion, long-term net inflows of $22 billion and liquidity products net inflows of $11 billion.

The ugliest segment of all, however, was the infamous Platform Solutions which is where apparently all failing Goldman divisions go to die.

According to the report, net revenues in Platform Solutions were $513 million for the fourth quarter of 2022, 171% higher than the fourth quarter of 2021 and 36% higher than the third quarter of 2022.

  • The increase in Consumer platforms net revenues primarily reflected significantly higher credit card balances.
  • The increase in Transaction banking and other net revenues reflected higher deposit balances.

That was the good news; the bad news is that the group’s provision for credit losses was $972 million for the fourth quarter of 2022, compared with $344 million for the fourth quarter of 2021 and $515 million for the third quarter of 2022. Provisions for the fourth quarter of 2022 reflected provisions related to the credit card and point-of-sale loan portfolios, primarily from growth and net charge-offs, and individual impairments on wholesale loans.  The firm’s allowance for credit losses was $6.32 billion as of December 31, 2022.

  • Loan balance of $15 billion
  • Net interest income of $513 million
  • Active Consumer platforms customers of 13.4 million
  • Transaction banking deposits of $70 billion

Elsewhere in the report we find the following:

  • First, more bad news: Platform Solutions pretax loss $778 million
  • But also some good news: Net interest income $2.07 billion, +16% y/y, beating estimates of $2.08 billion
  • Annualized ROE +4.4%, estimate +7.42%
  • Return on tangible equity +4.8%, estimate +8.13%
  • Standardized CET1 ratio 15.1% vs. 14.2% y/y, estimate 14.3%
  • Book value per share $303.55 vs. $284.39 y/y
  • Efficiency ratio 76.4%, estimate 68.5%
  • Assets under management $2.55 trillion, +3.1% y/y, estimate $2.48 trillion
  • Total AUS net inflows $33 billion, -48% y/y, estimate $26.55 billion
  • Loans $179 billion, estimate $178.67 billion

The bank’s return-on-equity for the year dropped to 10.2%, falling below the 14% to 16% target it set for itself earlier in 2022.

The bank also disclosed the following “other matters”:

  • On January 13, 2023, the Board of Directors of The Goldman Sachs Group, Inc. declared a dividend of $2.50 per common share to be paid on March 30, 2023 to common shareholders of record on March 2, 2023. 
  • During the year, the firm returned $6.70 billion of capital to common shareholders, including $3.50 billion of common share repurchases (10.1 million shares at an average cost of $346.07) and $3.20 billion of common stock dividends. This included $2.38 billion of capital returned to common shareholders during the fourth quarter, including $1.50 billion of share repurchases (4.2 million shares at an average cost of $358.48) and $880 million of common stock dividends. 
  • Global core liquid assets averaged $398 billion5 for 2022, compared with an average of $335 billion for 2021. Global core liquid assets averaged $409 billion5 for the fourth quarter of 2022, compared with an average of $417 billion for the third quarter of 2022.

With slumping revenues, surging expenses, the industrywide slowdown and threat of a recession later this year, it is no surprise the bank joined its peers and announced it would cut as much as 3,200 jobs last week, a record for the bank which until now had been on a historic hiring spree.

After dropping Friday on early news of its Platform Solutions weakness, Goldman stock dropped again as investor focused on the company’s top and bottom line misses, and the surge in loan loss provisions, while ignoring the solid numbers reported by the bank’s FICC sales and trading and investment banking divisions.

The company’s full investor presentation is below (pdf link):

end

Now it is Microsoft’s turn to cut thousands of jobs 

(SkyNews)

Microsoft Plans To Cut Thousands Of Jobs, Sky News Reports

TUESDAY, JAN 17, 2023 – 02:01 PM

The US tech sector layoffs continue with news that Microsoft could reduce its headcount by thousands of jobs. 

Sky News learned that the US tech giant is “finalizing plans” to reduce its workforce amid mounting macroeconomic headwinds. The announcement could come in the next few days. There was no mention of which jobs were at risk. 

The latest filings show Microsoft has a headcount of around 220,000 people. Sky News said the company is mulling over a reduction of 5% of its workforce, or about 11,000 jobs. 

“That figure could not be verified on Tuesday evening, and one analyst suggested that Wall Street would be surprised if the figure was not higher than that,” noted the British paper. 

Shares of Microsoft were widely unchanged as the news hit just a little bit ago.

end 

USA ECONOMIC ISSUES// SUPPLY ISSUES//DERIVATIVES

SWAMP STORIES

Important; what the Jan 6 videos will show

(zerohedge)

What The January 6 Videos Will Show

FRIDAY, JAN 13, 2023 – 07:40 PM

Authored by Julie Kelly via AmGreatness,

The jury trial of Richard Barnett, the man famously photographed with his feet on a desk in Nancy Pelosi’s office on January 6, 2021, is underway in Washington, D.C.

Nearly two years to the date of his arrest, Barnett finally had a chance to defend himself in court on multiple charges, including obstruction of an official proceeding.

But it was not the fiery, outspoken Barnett who provided the most jaw-dropping testimony in the trial so far.

To the contrary, one of the government’s own witnesses confirmed under defense cross-examination that “agents provocateur” were heavily involved in instigating the events of January 6. 

Captain Carneysha Mendoza, a tactical commander for U.S. Capitol Police at the time, testified Wednesday how a group of agitators destroyed security barriers and lured people to Capitol grounds that afternoon:

Defense Counsel Brad Geyer: Isn’t it true that you had a lot of people, a large quantity of people walking down two streets that dead-ended at the Capitol?

Mendoza: Yes, sir.

Geyer: And would it be fair to say that at least at some of the leading edges of that crowd, they contained bad people or provocateurs; is that fair? 

Mendoza: It’s fair.

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Geyer: Dangerous people?

Mendoza: Yes.

Geyer: Violent people?

Mendoza: Yes.

Geyer: Highly trained violent people?

Mendoza: Yes.

Geyer: Highly trained violent people who work and coordinate together?

Mendoza: Yes

It was a stunning admission, representing the first time a top law enforcement official stated under oath (to my knowledge) that a coordinated, experienced group of agitators engaged in much of the mischief early that day. Under further questioning, Mendoza acknowledged those same individuals “pushed through barriers, removed barriers, threw barriers over the side, removed fencing, and eased the flow of people into places where they shouldn’t be.” This happened around 1:00 p.m., the same time the joint session of Congress convened to debate the results of the 2020 presidential election.

Hiding the pivotal role of still unidentified—and uncharged—agitators on January 6 is just one reason why the government has successfully sought to conceal thousands of hours of footage captured by the Capitol police’s security system before, during, and after the protest. 

As I explained in May 2021, Capitol police immediately designated roughly 14,000 hours of surveillance video as “security information” that should not be released to the public.

Thomas DiBiase, general counsel for Capitol police, the technical owner of the video trove, signed an affidavit in March 2021 objecting to the widespread dissemination of footage “related to the attempted insurrection.” DiBiase claimed the agency wanted to prevent “those who might wish to attack the Capitol again” from accessing interior views of the building.

The Department of Justice subsequently labeled the footage as “highly sensitive government material” subject to strict protective orders in court proceedings. Defendants must comply with onerous rules before viewing any surveillance video associated with their case.

There are, of course, exceptions for any party helping to enforce the “insurrection” narrative. For example, the House committee handling Donald Trump’s post-January 6 impeachment was allowed to use portions of the super-secret reel. So, too, was HBO in producing its January 6 documentary. The January 6 select committee aired extensive if highly selective surveillance footage during their televised performances.

And that brief clip of Senator Josh Hawley (R-Mo.) running in a hallway on January 6? It was clearly an image intended to mock his alleged cowardice that day. And, of course, it was Capitol surveillance video.

If it’s safe to place the video in the hands of Representative Adam Schiff (D-Calif.), the biggest deceiver in Congress, and random HBO film producers, then it’s safe to place all the footage in the hands of the American people. Which is why calls by Rep. Matt Gaetz (R-Fla.) to fully release the surveillance video are a welcome, and necessary, step in providing a complete account about the events of January 6 to the public.

(The Committee on House Administration, now under Republican control, is one of two congressional committees with access to the full library of video.)

The recordings, Gaetz said in an interview this week, “would give more full context to that day rather than the cherry-picked moments that the January 6 committee tried to use to inflame and further divide our country.”

That demand undoubtedly will be met with fierce resistance by the same lawmakers, government agencies, and media organizations incessantly bleating about the need to “tell the truth” about what happened before and on January 6.

So, what exactly will the tapes reveal? 

The footage, which captured the inside and outside of the building, will show how many agitators and/or federal assets were staged at various locations early in the day. Rep. Clay Higgins (R-La.) might finally get an answer to the question that FBI Director Christopher Wray refused to answer during a congressional hearing last year—whether FBI informants disguised as Trump supporters were planted inside the building prior to the initial breach.

To that end, the video could show who instructed two men how to open the two-ton Columbus Doors on the east side of the Capitol Building, creating an access point for hordes of protesters.

Ditto for entry points at other locations.

Will the video identify the individuals who erected the “gallows” featuring an orange noose allegedly built to “hang” Vice President Mike Pence? Just like the identity of the suspect who allegedly planted the pipe bombs at the DNC and RNC, no one has been identified or charged with constructing that stage on government property—another unanswered question the footage will answer.

The public undoubtedly will be shocked to see police officers from Capitol police and D.C. Metropolitan Police Departments viciously attacking crowds of people assembled outside the Capitol. Mendoza’s testimony also confirmed that Capitol police officers used nonlethal “munitions” on hundreds of individuals beginning shortly after 1:00 p.m. Weaponry included pepper balls—projectiles containing a chemical irritant shot from a launcher similar to a paintball gun—gas, rubber bullets, and flashbangs, a less-than-lethal grenade that likely caused the fatal heart attacks of two Trump supporters that afternoon.

Not only will the public see what happened to those two men, Kevin Greeson and Benjamin Phillips, but they will also see evidence of the numerous, serious injuries inflicted on dozens of people, including children and elderly women, at the hands of police. Are Americans prepared to see how law enforcement handled the dead bodies of Ashli Babbitt and Rosanne Boyland?

It will be tough to watch.

More importantly, the footage will indicate which cameras were disabled before the protest. The government’s claim that security cameras are not installed outside the Columbus Doors is questionable at best. A full comparison between the Capitol’s closed-circuit television system and the cameras operable on January 6 is a must.

House Speaker Kevin McCarthy (R-Calif.) on Thursday endorsed Gaetz’s calls to release the footage.

“I think the American public should actually see all what happened,” McCarthy told reporters.

“Yes, I’m engaged to do that.”

If McCarthy follows through on his promise, the world will see the biggest inside job—an actual coup—in U.S. history unfold before their eyes.

Not only is it necessary to expose the truth of January 6 but to exonerate innocent Americans whose lives have been destroyed in the aftermath.

Roll the tapes..

END

House Oversight chairman promises swift investigation into Biden’s classified document scandal

(zerohedge)

House Oversight Chairman Promises “Swift” Investigation After More Classified Documents Found At Biden’s Home

SUNDAY, JAN 15, 2023 – 11:35 AM

Authored by Frank Fang via The Epoch Times,

House Oversight Committee Chairman James Comer (R-Ky.) said that “swift congressional oversight” is coming, after the White House revealed on Jan. 14 that additional pages of classified documents had been found at President Joe Biden’s home in Wilmington, Delaware.

“We first learned about the Penn Biden Center classified documents months after they were found in an unsecure closet,” Comer wrote according to a statement.

“Then it took the White House weeks to inform the public about the documents found in President Biden’s Wilmington garage.

“And now days later, we are learning that there are more documents at the Wilmington residence. Are there more classified documents to be found?” Comer asked.

Classified Documents

It has been a tumultuous week for the Biden administration, since White House lawyer Richard Sauber on Jan. 9 revealed that documents with classified markings were found at the president’s former office space at the Penn Biden Center for Diplomacy and Global Engagement in Washington.

The timing of the revelation has raised some questions, given that the public didn’t become aware of the documents immediately after they were found. According to Sauber, the documents were found on Nov. 2, 2022—just days before the midterm elections—and were turned over to the National Archives and Records Administration (NARA) the next day.

On Saturday, Sauber announced that five additional pages with classification markings were found in Biden’s Wilmington residence two days earlier, in addition to one classified document found there on Wednesday.

The six pages were found in a room next to the garage at his Wilmington residence, according to Sauber.

The potential mishandling of classified documents and other government records from the Obama administration is under investigation by a former federal prosecutor, Robert Hur, who was named as a special counsel by Attorney General Merrick Garland on Jan. 12.

“President Biden’s three strikes against transparency will be met with swift congressional oversight,” Comer wrote.

“The White House, the National Archives, and the Justice Department failed to promptly inform Congress and the American people about mishandled classified documents from Joe Biden’s time as vice president.”

On Friday, Comer announced that his committee had already launched an investigation into Biden’s documents, in a letter to  White House counsel Stuart Delery. The Kentucky Republican requested the White House to turn over a range of documents and other materials by Jan. 27.

“The Biden White House’s secrecy in this matter is alarming,” Comer added.

“Equally alarming is the fact that Biden aides were combing through documents knowing there would be a Special Counsel appointed.

“Many questions need to be answered but one thing is certain: oversight is coming.”

‘Double Standard’

Following the discovery of another batch of classified documents at Biden’s home, some Republican lawmakers took aim at the Department of Justice, wondering why FBI agents have not searched Biden’s home.

“More classified documents found in President Biden’s home, yet still no FBI raid—the double standard is apparent,” Rep. Ashley Hinson (R-Iowa) wrote on Twitter.

“Americans deserve to know why President Biden had these documents & who had access to them.”

Rep. Mary Miller (R-Ill.) posted on Twitter“WHERE IS THE FBI? TWO SYSTEMS OF JUSTICE!”

Rep. Diana Harshbarger (R-Tenn.) wrote on Twitter saying that Biden’s home “is a crime scene.”

“Why is the @FBI not raiding his home the same way they did President Trumps?” Harshbarger wrote.

“The @FBI owes the American people answers.”

FBI agents raided Trump’s Mar-a-Lago resort in Florida in August 2022, seizing over 11,000 documents and photographs without classified markings and around 100 documents marked classified or top secret. However, Trump has said he declassified the materials when he left office.

In November, Garland appointed Jack Smith as special counsel overseeing DOJ probes related to Trump.

“Full FBI raid happens when?” Sen. Ted Cruz (R-Texas) wrote on Twitter.

Investigation

The House Judiciary Committee is conducting its own investigation into the discovery of classified documents at Biden’s home and former office.

Rep. Jim Jordan (R-Ohio), the chairman of the committee, and Rep. Mike Johnson (R-La.) wrote a letter to Garland on Friday announcing the investigation.

Rep. Jim Jordan (R-Ohio) speaks during an on-camera interview near the House Chambers during a series of votes in the U.S. Capitol Building in Washington on Jan. 09, 2023. (Anna Moneymaker/Getty Images)

“We are conducting oversight of the Justice Department’s actions with respect to former Vice President Biden’s mishandling of classified documents, including the apparently unauthorized possession of classified material at a Washington, D.C. private office and in the garage of his Wilmington, Delaware residence,” the two lawmakers wrote.

“It is unclear when the Department first came to learn about the existence of these documents, and whether it actively concealed this information from the public on the eve of the 2022 election,” they continued.

“It is also unclear what interactions, if any, the Department had with President Biden or his representatives about his mishandling of classified material.”

The committee requested a range of documents and communications by Jan. 27, including those among the Department of Justice, the FBI, and the Executive Office of the President.

“We expect your complete cooperation with our inquiry,” they added.

end

Interesting: Adam Schiff admits possible national security jeopardized with Biden carelessly handling classified documents

(zerohedge)

Adam Schiff Admits Possible National Security Jeopardized With Biden Documents

SUNDAY, JAN 15, 2023 – 02:00 PM

You know it’s bad when…

No lessor liar than Rep. Adam Schiff (R-Calif.), the now former chairman of the House Intelligence Committee, admitted this morning that it’s possible national security was jeopardized after President Joe Biden’s lawyers confirmed classified documents were found in various locations.

“I don’t think we can exclude the possibility without knowing more of the facts,” the California Democrat said of the Biden documents when pressed by “This Week” co-anchor Jonathan Karl about any national security risks.

“We have asked for an assessment in the intelligence community of the Mar-a-Lago documents,” Schiff said.

I think we ought to get that same assessment of the documents found in the think tank as well as the home of President Biden. I’d like to know what these documents were. I’d like to know what the [intelligence community’s] assessment is, whether there was any risk of exposure and what the harm would be and whether any mitigation needs to be done.”

Of course, Schiff was quick to get back on track with the narrative, as echoing the media and most other Democrats, the Russia collusion hoaxer asserted that Biden’s and Trump’s cases are different because Biden, he said, is cooperating.

“The Biden approach was very different in the sense that it looks that it was inadvertent that these documents were at these locations,” Schiff said.

“There was no effort to hold onto them, no effort to conceal them, no effort to obstruct the Justice Department’s investigation.”

It’s worth noting, however, that the National Archives had confirmed last year that Trump’s lawyers were cooperating with the agency before the FBI raided his Florida residence in August.

END

Get a load of this;  Hunter Biden paid Joe Biden, his father 50,000 dollars per month rent.  The house is owned by Biden Sr!

(zerohedge)

Why Was Hunter Paying Joe Biden $50k Per Month To Rent House Where Classified Documents Found?

SUNDAY, JAN 15, 2023 – 03:00 PM

A Thursday tweet from the NY Post‘s Miranda Devine containing a background check for Hunter Biden has people asking questions.

“The now-52-year-old began listing the Wilmington home as his address following his 2017 divorce from ex-wife Kathleen Buhle — even falsely claiming he owned the property on a July 2018 background check form as part of a rental application,” the Post reported.

Of note, this is the same house where classified documents were found.

Yet, upon closer inspection, Hunter lists the “Monthly Rent” as $49,910 – or roughly $550,000 for the 11 months he indicated he lived there?

A Zillow search reveals that the most expensive home currently for rent in Wilmington, Delaware is going for $6,000 per month.

end

Republicans are now preparing to handle the breaching of debt limit set to begin in Sept 23//

(zerohedge)

House Republicans Prepare To Execute Emergency Strategy For Breaching Debt Limit

SUNDAY, JAN 15, 2023 – 04:00 PM

House Republicans are preparing to give the Treasury Department guidance if the White House and Congress can’t agree to lift the nation’s debt ceiling.

The plan was part of the private deal struck between House conservatives and Rep. Kevin McCarthy (R-CA) in order for McCarthy to win speakership, according to Rep. Chip Roy (R-TX), who helped broker the deal. Roy told the Washington Post that McCarthy agreed to adopt a payment prioritization plan by the end of the first quarter of the year.

According to the Post, the emergency contingency plan will need to include major spending cuts from the Biden administration, in exchange for which Republicans will sign off on raising the current limit of $31.4 trillion before the Treasury Department can’t borrow any more.

On Friday, Treasury Secretary Janet Yellen said that the Treasury department will enact “extraordinary measures” next week so the government can keep its payment obligations – however she couldn’t guarantee that the US will make it beyond early June without default.

Also on Friday, White House press secretary Karine Jean-Pierre made clear that the administration will not negotiate.

In the preliminary stages of being drafted, the GOP proposal would call on the Biden administration to make only the most critical federal payments if the Treasury Department comes up against the statutory limit on what it can legally borrow. For instance, the plan is almost certain to call on the department to keep making interest payments on the debt, according to four people familiar with the internal deliberations who spoke on the condition of anonymity to describe private conversations. House Republicans’ payment prioritization plan may also stipulate that the Treasury Department should continue making payments on Social Security, Medicare and veterans benefits, as well as funding the military, two of the people said. –WaPo

That said, Democrats are preparing to push back on the plan, and will likely note that any hypothetical proposal to triage Social Security, Medicare and benefits for veterans and the military would still leave out ‘huge swaths of critical federal expenditures on things such as Medicaid, food safety inspections, border control and air traffic control,’ etc. Democrats will also likely accuse Republicans of pandering to bondholders, which include Chinese banks, vs. Americans.

“Any plan to pay bondholders but not fund school lunches or the FAA or food safety or XYZ is just target practice for us,” said one senior Democratic aide.

In other Kevin McCarthy news, the newly minted speaker may be trying to win back the MAGA crowd, announcing on Thursday that he’s open to the idea of “expunging” one or both of former President Trump’s impeachments.

As the Epoch Times notes,

When asked about the possibility of erasing the impeachments during a Jan. 12 press conference at the Capitol, McCarthy replied that he would “have to look” at the situation, saying, “I understand why members would want to bring that forward.”

“Our first priority is to get our economy back on track, secure our borders, make our streets safe again, give parents the opportunity to have a say in their kids’ education, and actually hold government accountable,” he added. “But I understand why individuals want to do it, and we’d look at it.”

Trump was first impeached by the House in December 2019 over a phone call he had with Ukrainian President Volodymyr Zelenskyy. He was charged with abuse of power for allegedly pressuring Zelenskyy to investigate a political opponent, and with obstruction of Congress, but was ultimately acquitted of those charges by the Senate.

In 2021, Trump was impeached again for alleged “incitement of insurrection” following the Jan. 6 Capitol breach. Again, he was acquitted.

Previous Expungement Attempts

Last year, then-Rep. Markwayne Mullin (R-Okla.) led House Republicans’ attempts to expunge Trump’s impeachment record, introducing a resolution to erase the former president’s 2019 impeachment in March.

“So, what we’re doing with the resolution is just simply saying, ‘Hey, listen, Congress made a mistake,’” Mullin, now a senator, said at the time. “‘We impeached a president under Article One, Section Two, that shouldn’t have ever taken place.’”

In May, Mullin followed up the first bill with a second resolution to expunge Trump’s 2021 impeachment. That bill (pdf), citing 2020 election irregularities and the impeachment’s rushed nature, held that the impeachment process had failed to prove that the former president had committed “high crimes and misdemeanors” or engaged in an insurrection.

Although both of Mullin’s resolutions garnered some Republican support, neither was ever considered by the Democrat-controlled House.

A ‘Political Hoax’

Trump, for his part, has maintained that both the impeachments and the Jan. 6 Select Committee’s subsequent criminal referrals were simply partisan attempts to “sideline” him and prevent him from holding elected office again.

“The Fake charges made by the highly partisan Unselect Committee of January 6th have already been submitted, prosecuted, and tried in the form of Impeachment Hoax # 2,” the former president noted on Dec. 19 after the committee referred him to the Justice Department for prosecution.

In February 2020, after his first acquittal by the Senate, Trump was asked by reporters about the potential of a future expungement.

“That’s a very good question,” he said. “Should they expunge the impeachment in the House? They should because it was a hoax. It was a total political hoax.”

At the time, it was McCarthy who floated the idea, vowing to erase the impeachment if the Republican Party regained control of the House and he became speaker.

“I don’t think it should stay on the books,” McCarthy said.

Despite opposition from several Trump-aligned Republicans, McCarthy achieved his goal of becoming speaker of the House—with Trump’s backing—last week.

After a contentious week of intraparty negotiations, McCarthy secured the speakership in the 15th vote, attributing the victory to the former president’s support.

“I do want to especially thank President Trump,” he told reporters on Jan. 7. “I don’t think anybody should doubt his influence. He was with me from the beginning.”

end

Biden’s big mess over the classified documents:

(Bill Pan/EpochTimes)

Biden In ‘Very Big’ Mess Over Document Scandal, Needs To ‘Get The Facts Out’: Former White House Adviser

TUESDAY, JAN 17, 2023 – 07:59 AM

Authored by Bill Pan via The Epoch Times (emphasis ours),

The brewing scandal of classified documents poses a very serious problem for President Joe Biden, warned David Gergen, a White House adviser-turned-political analyst.

Speaking on CNN on Saturday, Gregen was asked by host Anderson Cooper how big a mess the Biden administration is in following the discoveries of classified documents at Biden’s private offices. He responded, “It’s a very, very big deal.

News broke earlier this week that classified material dating from Biden’s vice presidency had been found in the Washington office of the Penn Biden Center, a think tank affiliated with the University of Pennsylvania, in the days leading up to the 2022 midterm elections. The White House later admitted that more pages of classified documents were discovered in the president’s Delaware home.

The “Biden people” are not dealing with this political crisis properly, according to Gergen, a former adviser to Presidents Richard Nixon, Gerald Ford, Ronald Reagan, and Bill Clinton. “I do think that they may be making a big mistake,” he said.

“I don’t think sitting there, hunkering down now, just acting like it’s not out there, is a good strategy. They’re going to get creamed doing that,” Gergen told Cooper, noting that the longer the White House remains reluctant to tell the truth, the more eager the American public will become to ask the question, “What are they hiding?”

As matters now stand, that long delay in putting it out there is going to encourage people to believe, ‘Well, what are they hiding?‘” he said.

Instead of giving in to the temptation to hunker down, Biden should simply “get the facts out,” Gergen argued, pointing to the Iran-Contra affair that occurred during Reagan’s second term. When it was exposed that the CIA had secretly sold missiles and other military weapons to Iran in exchange for some Americans held hostage by Iran-backed terrorists and used the money to fund anti-communist Contra fighters in Nicaragua, the Reagan administration’s popularity took a dip, largely because of the White House’s unsuccessful damage control attempts.

There’s a temptation in every one of these kinds of crises to hunker down,” he said. “You are going all the way back to Iran-Contra and other kind of crises like that. You’ve just got to get the facts out.”

While Gregen describes the classified document scandal as a political crisis, it appears that it’s turning into a legal one as well. On Thursday, Attorney General Merrick Garland appointed Robert Hur, a former Maryland U.S. attorney, as special counsel to investigate whether Biden improperly handled classified material.

Hur, who was appointed to the Maryland court by President Donald Trump and currently works at a Washington law firm, said in a statement he would conduct the investigation “swiftly and thoroughly” with “fair, impartial, and dispassionate judgment.”

Meanwhile, the Republicans on the House Judiciary Committee announced Friday that they’re starting their own probe into the matter. In a letter to Garland, Reps. Jim Jordan (R-Ohio) and Mike Johnson (R-La.) gave his department until Jan. 27 to provide information about Biden’s “mishandling of classified documents, including the apparently unauthorized possession of classified material.”

The Republicans also specifically asked for records related to the appointment of Hur as special counsel. “The circumstances of this appointment raise fundamental oversight questions that the Committee routinely examines,” the congressmen wrote.

It sure seems that way: the Deep State has turned on Biden:

(Roach/AmGreatness.com)

Did The Deep State Turn On Biden?

MONDAY, JAN 16, 2023 – 09:30 PM

Authored by Christopher Roach via AmGreatness.com,

Lately political analysis in the United States seems closer to Cold War-era KremlinologySmall hints of what is really happening must be divined from the unintentional slips and innocuous gestures of officials. The reality of governance is concealed by a cloak of normality, procedural regularity, and legality. 

This is to be expected within party politics, where things are resolved with deals among party insiders, i.e., the proverbial “smoke filled rooms.” This is why Pete Buttigieg, Elizabeth Warren, and Amy Klobuchar rather suddenly dropped out to make way for Joe Biden in 2020, after it appeared the divided field could end up with Bernie Sanders as the nominee. 

But this approach – secret groups secretly deciding how to control events – is not supposed to dominate ordinary governance. 

The Deep State Revealed Itself Under Trump

Donald Trump faced harassment from the Intelligence Community and other unelected parts of government throughout his term as president. Delaying the provision of funds Congress appropriated for Ukraine—something well within his authority as president—formed the basis of the first impeachment. A crew of insiders and bureaucrats waxed eloquent about their sacred “interagency consensus,” but the Congress and the American people were not buying it. Americans still think elections are supposed to matter. 

In spite of his manifest unpopularity and refusal even to campaign, Biden was installed as president in 2020. Having rarely met an actual Biden supporter, Trump voters were skeptical and angry. The extended recounts, unceremonious dismissal of legal challenges, and videos of disappearing ballots, along with strident denunciations of “election deniers,” did not reassure anyone. Later revelations showed the coordinated way government officials, the media, NGOs, billionaires, and others conspired to “fortify” the 2020 election. 

Biden governed as he ran: mostly hidden from the public, beholden to donors and party elders, doing as little as possible. This seemed acceptable for a while, since it allowed the various constituent parts of the government to do what they wanted with little interference. Everyone knows Biden’s never been that sharp and seems more decrepit than ever, that his vice president is even dumber than he is, and that he’s not really running anything. 

But this is all a feature, not a bug, for the cabal that brought him to office. For them, the more independence they have from oversight, the better. 

Biden Has Enemies

Lately, it seems there’s a disturbance in the force. Biden and his allies have continued their vendetta against Trump, exposing his tax returns and raiding his home for possessing documents he supposedly owed the National Archives. This did not go over as well as Attorney General (and all-around hack) Merrick Garland anticipated, and it seems Garland and the January 6 Committee have each decided to scale back their demands. 

This is why the recent exposure of top secret documents in Biden’s old office, his garage, and a mysterious third location suggests something is afoot. We went from a Monday disclosure to a special counsel being appointed on Thursday. Nothing like this happens this quickly unless it is by design. 

There are, of course, ways to deal with this situation that do not involve public exposure. Couldn’t Biden or his staff order some FBI agents or White House people to pick them up and take them to wherever they’re supposed to be stored? 

It’s in the news because somehow his lawyers found the documents and reported them before the story could go through White House channels. And, lawyers being lawyers, they followed the street-lawyer rule that if someone has to go to jail, make sure it’s your client and not you. Concerned about individual culpability for obstruction or mishandling documents, they made this hot potato someone else’s problem as fast as possible. 

Someone is responsible for the way this information came out, and that someone is an enemy of Biden. There are plenty of possibilities: some secret Republicans at the Justice Department, Kamala Harris and her people, a committee of Democratic Party insiders concerned about Dementia Joe being president for another four years. The whole thing has a whiff of a conspiracy, and, like the various allegations and pretexts employed to investigate Trump, it may very well originate in the intelligence community. 

As Senator Chuck Schumer (D-N.Y.) once said, “You take on the intelligence community, they have six ways from Sunday at getting back at you.” In this instance, the hypothesis is not completely satisfying. Biden has not really taken on the intelligence community, so far as I can tell, unless they’re still smarting about how he ended the Afghanistan boondoggle. 

Republicans Should Put Country Over Party

Republicans seem gleeful over the news. This is unsurprising. It’s the millionth example of rank hypocrisy from Democrats. But, judging by past results, pointing out such hypocrisy does not seem to get us anywhere. It may put a damper on Merrick Garland’s pursuit of Trump for his alleged violations of the Presidential Records Act, but this already seemed to have lost steam on its own.

Republican glee should be more restrained, as their excitement is akin to aristocrats in Revolutionary France cheering on Robespierre’s Terror when it turned on the revolutionaries themselves. Such a development makes things more dangerous for everyone, even if it sweeps up some of one’s enemies. 

If the exposure of Biden’s apparent mishandling of classified documents arose from an intelligence community operation, it shows that the unelected deep state is beholden to neither Democrats nor Republicans. In other words, it will have revealed itself as a completely unaccountable branch of government, subject neither to Congress, the president, the judiciary, or any ideological faction. 

This would be a profoundly un-American development, but it would not be a huge surprise. Instead of accepting the small fry of defeating an already unpopular, not-quite-elected president, Republicans should instead join forces with everyone of good will and focus on exposing and defanging the unelected portions of government, which mean to place themselves above every branch of government, as well as the American people themselves.

THE KING REPORT

 The King Report January 17, 2023 Issue 6928Independent View of the News Japan yields break central bank ceiling as markets press for policy shift
That catapulted 10-year Japanese government bond yields as much as 4 basis points higher to 0.54%, the highest since mid-2015 and above a recently widened band of -0.5% to +0.5% set by the BOJ in a shock decision just three weeks ago.  The stress was evident across the yield curve, forcing the BOJ to announce two separate rounds of emergency buying worth around 1.8 trillion yen ($13.9 billion) combined. The central bank already holds 80% to 90% of some bond lines.  https://t.co/NgYOMth1H8
 

Bank of Japan Outright Purchases of JGBs – The really big story that most people ignore/eschew
 
BBG: Japan 10-Year Swap Rate Jumps to 1%, Highest Since 2011 https://t.co/wgRWwV1NVB
 
@ces921: JGB 10yr thru 50bps cap, trading 54 last. Do people have any idea how much US duration Japanese investors own? As capital is repatriated back to Japan because yields are far superior to Fx hedged UST buying, who is going to buy US duration? Expect yields to move a lot higher
 
Tesla stock sinks on fresh Model 3 and Model Y price cuts (up to 20%)
Tesla cut the Model 3 base version by $3,000 to $43,990, according to an update on its website. The Model 3 Performance variant saw a price cut of $9,000 to $53,990.  As for the Model Y Long Range, the price was dropped $13,000 to $52,990. The Performance model was cut to $56,990, about $13,000 cheaper than the prior price… Citi analyst Itay Michaeli… slashed his 2023 deliveries estimate to 40% growth from 53% previously. The analyst cut his price target on Tesla to $140 from $176 but maintained a neutral rating… https://finance.yahoo.com/news/tesla-stock-sinks-on-fresh-model-3-and-model-y-price-cuts-113526491.html
 
JPM Slides After Missing on Trading and IBanking, Warns of Macro “Deterioration” as It Boosts Credit Loss Reserves by $1.4BN – Adjusted revenue $35.57 billion, beating the estimate $34.15 billion, and up $5.2BN from a year ago; EPS $3.57, also beating the estimate $3.10, up 24c from a year ago
https://www.zerohedge.com/markets/jpm-slides-after-missing-trading-and-ibanking-warns-macro-deterioration-it-boosts-credit
 
After sinking 3.3% on the NYSE open, JPM soared from 134.80 to 142.42 at 12:30 ET.
 
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about ‘headwinds’ remain – Credit reserves increased significantly over the past year and investment banking fees remained impacted by the lackluster deal-making environment… (Banks expect larger credit losses; JPM $2.3B loss reservehttps://www.marketwatch.com/story/jpmorgan-wells-fargo-and-bank-of-america-beat-earnings-expectations-but-worries-about-headwinds-remain-11673614712
 
Brian Moynihan says Bank of America expects ‘mild recession’ and is preparing for worse
Its $1.1 billion provision for credit losses was a sharp reversal from a negative number in that metric a year ago… https://www.cnbc.com/2023/01/13/bank-of-america-expects-a-mild-recession-but-is-preparing-for-worse.html
 
Goldman Lost $1.2 Billion in Just Nine Months in Newest Unit (GS’s Apple Card)
https://www.fa-mag.com/news/goldman-lost–1-2-billion-in-just-nine-months-in-newest-unit-71493.html
 
Goldman Sachs platform solutions business lost $3 billion in nearly three years
https://www.reuters.com/business/finance/goldman-sachs-reports-12-bln-loss-platform-solutions-unit-2023-01-13/
 
Goldman Reorg, Staff Cuts in Focus Ahead of Results (due Tuesday) – BBG
 
University of Michigan Sentiment jumped to 64.6 in January from 59.7.  This is a 20-month high.  Current Conditions 68.6, 60.0 expected, 59.4 prior; Expectations 62, 59 expected, 59.9 prior; 1-year Inflation 4%, 4.3% consensus, 4.4% prior
 
@SteveSosnick: Good news from UMich inflation expectations, but let’s remember what drives them. It’s a 1-2 month lag of gasoline prices: (+23% from Dec low) https://twitter.com/SteveSosnick/status/1613916085568393216
 
December Import Prices showed far more inflation that expected: +0.4% m/m, -0.9% expected; ex-petroleum +0.8%, -0.3% consensus.  Export prices sank 2.6% m/m, -0.7% was expected.
 
WSJ: TSMC Warns of Possible Revenue Drop (around 5%), Spending Cut
Chip maker’s forecasts underscore headwinds faced by industry after period of expansion
https://www.wsj.com/articles/tsmc-warns-of-possible-revenue-drop-spending-cut-11673523302
 
Yellen warns that US will hit debt limit next week – US to hit its debt limit on Thursday; Treasury to deploy ‘extraordinary measures’… to prevent the government from defaulting on its obligations…
https://www.foxbusiness.com/economy/yellen-warns-us-will-hit-debt-limit-next-week
 
ESHs traded in mostly negative territory on Friday until they turned positive at 13:39 ET.
 
ESHs tumbled 43 handles between 5 ET and 8:30 ET.  When the NYSE opened, ESHs soared 36 handles by 10:30 ET.  After a moderate retreat into the European close, ESHs and stocks staged a Noon Balloon.  It ended precisely at 13:00 ET.  The Friday afternoon rally began at 14:40 ET.  After an 8-handle ESH rally, ESHs and stocks went inert until the final hour manipulation began near 15:15 ET.  ESHs and stocks rallied until the S&P 500 Index hit 4003.95 at 15:40 ET.  The index then lost 7 handles.  A final rally attempt appeared with three minutes remaining; it failed.  The S&P 500 Index closed at 3999.09.
 
Positive aspects of previous session
Stocks rallied sharply after the NYSE open on trader and retail buying for earnings and Friday
 
Negative aspects of previous session
Bonds decline 19/32 and commodities, particularly energy, rallied sharply
 
Ambiguous aspects of previous session
Who will win the game of chicken between the Fed and the markets?
 
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE open: UpLast Hour: Up
 
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 3983.57
Previous session High/Low4003.95 3947.67
 
Chart of Median US Household Income by Race per Census Bureau: Indian-Americans $100,500, Filipino-Amer $83,300, Taiwanese-Amer $82,500… White $59,900… Hispanic $43k, Black $35k https://twitter.com/EndWokeness/status/1613536080782917632/photo/1
 
NBC: Younger, healthy people don’t need another Covid booster, vaccine expert says
Protecting against Covid infection with the current mRNA technology is unrealistic, a vaccine expert said in a paper published in a major medical journal… (The tide has turned re: Covid mRNA vaxxes!)
https://www.nbcnews.com/health/health-news/younger-healthy-people-dont-need-another-covid-booster-vaccine-expert-rcna65324
 
@ClayTravis: The CDC just announced they are investigating strokes in older people caused by the new covid booster shots. Just the tip of the iceberg here, y’all. These shots are garbage.
 
CDC on Friday: Following the availability and use of the updated (bivalent) COVID-19 vaccines, CDC’s Vaccine Safety Datalink (VSD), a near real-time surveillance system, met the statistical criteria to prompt additional investigation into whether there was a safety concern for ischemic stroke in people ages 65 and older who received the Pfizer-BioNTech COVID-19 Vaccine, Bivalent
https://www.cdc.gov/coronavirus/2019-ncov/vaccines/safety/bivalent-boosters.html
 
John Hopkins’ Dr. James E. Olsson @DrJamesOlsson: The article says they found a “safety signal”. Yeah, 450 thousand previously healthy Americans dead in the past 2 years for no reason might be a concerning safety signal.  I don’t know.
 
@BloombergAsia: David Kessler, a former FDA commissioner who helped steer President Joe Biden’s Covid-19 policy, will leave the administration
 
CDC says it’s ‘very unlikely’ Pfizer booster carries stroke risk for seniors after launching review
Pfizer said there is no evidence to conclude that ischemic stroke is associated with company’s Covid vaccine… https://www.cnbc.com/2023/01/13/pfizer-covid-booster-likely-doesnt-carry-stroke-risk-for-seniors-cdc-says.html
 
GOP @SenRonJohnson: It’s time to start facing reality.  The COVID-19 vaccines were not as safe or effective as we hoped and prayed they would be… the COVID cartel still won’t admit they were wrong.
 
Former Commercial Airline Pilot Reveals Wealthy Elites Want UNVACCINATED PILOTS to Fly Their Jets Around the World – The people going to Davos…for the WEF Conference do NOT want vaccinated Pilots. “We’re getting calls now from wealthy businessman who require unvaccinated pilots and crew” to fly planes… https://www.thegatewaypundit.com/2023/01/former-commercial-airline-pilot-reveals-wealthy-elites-want-unvaccinated-pilots-fly-jets-around-world-video/
 
(CNN medical analyst and Washington Post columnistDr. Leana Wen slammed after admitting there’s been ‘overcounting’ of COVID deaths: ‘TWO AND A HALF YEARS LATE’ – Wen claimed that the actual COVID-19 death count could only be ’30 percent of what’s currently reported’
https://www.foxnews.com/media/dr-leana-wen-slammed-admitting-theres-been-overcounting-covid-deaths-two-half-years-late
 
@lhfang1. New piece from the TWITTER FILES.  How the pharmaceutical industry lobbied social media to shape content around vaccine policy… 3. But global drug giants saw the crisis as an opportunity for unprecedented profit. Behind closed doors, pharma launched a massive lobbying blitz to crush any effort to share patents/IP for new covid-related medicine, including therapeutics and vaccines.
   4. BIO, the lobby group that represents biopharma, including Moderna & Pfizer, wrote to the newly elected Biden admin, demanding the U.S. gov sanction any country attempting to violate patent rights and create generic low cost covid medicine or vaccines. 5. That brings us to Twitter. The global lobbying blitz includes direct pressure on social media. BioNTech, which developed Pfizer’s vaccine, reached out to Twitter to request that Twitter directly censor users tweeting at them to ask for generic low cost vaccines… 8. It’s not clear what actions Twitter ultimately took on this particular request. Several Twitter employees noted in subsequent messages that none of this activism constituted abuse. But the company continued monitoring tweets.  9. In a separate push, Pfizer & Moderna’s lobbying group, BIO, fully funded a special content moderation campaign designed by a contractor called Public Good Projects, which worked w/Twitter to set content moderation rules around covid “misinformation.”…
   12. The Moderna/Pfizer-funded campaign included direct regular emails with lists of tweets to takedown & others to verify. Here’s an example of those types of emails that went straight to Twitter’s lobbyists and content moderators. Many focused on @zerohedge, which was suspended.  13. Notably, this massive push to censor and label covid misinfo never applied to drug companies. When big pharma wildly exaggerated the risks of creating low-cost generic covid vaccines, Stronger did nothing. The rules applied only to critics of industry…  https://twitter.com/lhfang/status/1615008625575202818
 
@backtolife_2023: Over 2,500 delegates, 5,000 armed security and over 2,000 individual private flights will fly into a Swiss ski resort for the World Economic Forum Davos 2023… to tell the rest of us to stop taking flights, stop driving petrol cars and stop eating meat.
 
@JamesBradleyCA: George Soros has just pulled out of the 2023 WEF Forum in Davos, following Klaus Schwab’s similar exit on this past Friday.  Something is brewing…
 
Expanded US training for Ukraine forces begins in Germany
Speaking to two reporters traveling with him to Europe on Sunday, Milley said the complex training — combined with an array of new weapons, artillery, tanks and other vehicles heading to Ukraine — will be key to helping the country’s forces take back territory that has been captured by Russia in the nearly 11-month-old war… https://apnews.com/article/russia-ukraine-politics-germany-7ae8c22dfd9379e77f172bd2b3ab5fb7
 
The January CPI Report will be the product of a new BLS methodology that “estimates the most recent cyclical trend and short-term fluctuations.”  How accurate will the estimates be? 
 
The BLS: With the release of January 2023 in February, the CPI for new vehicles will introduce a methodology improvement to the time series filter that estimates the most recent cyclical trend and short term fluctuations… https://www.bls.gov/cpi/notices/2023/methodology-changes-2023.htm
 
@zerohedge: UBS on the coming February revision to the CPI calculation:  “The new approach to weighting inflation will use consumer spending from 2021…. US inflation will start to give more emphasis to the prices that are weakening, heightening downside risks to consumer price inflation.”
   “The relative importance of different parts of the inflation basket changes every year. The 2023 changes could push inflation lower”
 
ABC: Urner Barry, a company that publishes the “fair market price” for items like eggs, meat, and plant proteins, set the wholesale trade value for a dozen “midwest large” eggs at 89 cents on Dec. 22, 2021. A year later, the price for a dozen eggs skyrocketed to $5.46, according to Karyn Rispoli, the editor of Urner Barry’s Egg Price Current. The price beat the previous record high of $3.09 during the pandemic.
https://abcnews.go.com/Business/egg-prices-reach-record-highs-amid-avian-flu/story
 
The BLS has grossly understated egg inflation for months, tabulating egg inflation at forty-some percent when it has been around 10 times that rate.  What other CPI components are grossly understated?
 
Starting Sunday, Jan. 22, the USPS plans to increase prices of some postage by 4.2%, which generally amounts to a few cents per stamp. The cost of a Forever stamp would go up 3 cents, from 60 cents to 63 cents – the third price hike in about a year…
https://wgntv.com/news/2023-stamp-price-increases-are-about-to-kick-in/
 
@FreightAlley: Truckload spot data shows that the winter lull in freight may have already happened.  Truckload spot rates bottomed on November 17th at $1.67/mile (net fuel) and now sit at $1.98/mile (net fuel). Will this be the cycle low? https://t.co/BmiGnjskTC
 
@yuriymatso: SPX closed above its 200d MA for the 5th time since the start of the 2022 bear market…
https://twitter.com/yuriymatso/status/1614007713289371648
 
China Injects Less Cash Than Expected Before Lunar Holidays
The People’s Bank of China injected a net 79 billion yuan ($11.8 billion)… less than the 100 billion yuan forecast… The benchmark 10-year bond yield jumped to the highest since November 2021 following the move… https://www.bloomberg.com/news/articles/2023-01-16/china-injects-less-cash-than-expected-before-lunar-holidays
 
On Monday, JGBs topped the BoJ’s 0.5% ceiling for the 2nd consecutive session.  Japan reported PPI of +10.2% y/y and 0.5% m/m for December (9.3% y/y in Nov.).  9.5% y/y and 0.3% m/m were expected.
 
BOJ’s record-breaking $78bn bond buying fails to halt rising yields: Nikkei Asia on Saturday
https://asia.nikkei.com/Business/Markets/Bonds/BOJ-s-record-breaking-78bn-bond-buying-fails-to-halt-rising-yields
 
BOJ’s Fixed-Rate Operation Has Takeup of 714.5b Yen (on Monday) – BBG
 
The Nikkei declined 1.14% on Monday on JGB turmoil.  The CSI 300 jumped 1.45%.  European bourse rallied modestly; the Euro Stoxx 50 eked out a 0.15% gain.
 
ESHs on Monday: Hi 4028.25, Lo 3996.75, Close 4009.75 -8.50
USHs on Monday Hi 130 2/32, Lo 129 10/32, Close 129 13/32 -19/32; USHs sank when Europe opened
 
Today – The rally on Friday for earnings season, the S&P 500 break above 4000 and its 200 DMA, the Fed Pivot, and the BoJ JGB monetization, has but the Fed in a difficult position.  Financial conditions are easing far too much, and Fed bank reserves jumped $251B last week, the biggest gain since 3/25/20!
 
The upward seasonal bias of earnings season and then end of month and start of month will endure into the FOMC Communique on February 1.  If Fed officials do not issue strident hawkish remarks in coming days, the equity rally could persist into Feb 1 and possibly to Feb 3, when the final Fang reports results.
 
Bulls want to push the S&P 500 Index above 4000 and keep it there for several sessions.  Japan’s JGB problem is starting to weigh on global bonds.  ESHs are -6.00 (from Friday’s close) at 20:25 ET.
 
Expected earnings: MS 1.29, GS 5.59, UAL 2.12; Expected economic data: Jan Empire Mfg -8.7; NY Fed Pres Williams 15:00 ET
 
S&P 500 Index 50-day MA: 3914; 100-day MA: 3872; 150-day MA: 3904; 200-day MA: 3981
DJIA 50-day MA: 33,498; 100-day MA: 32,201; 150-day MA: 32,088; 200-day MA: 32,398
 
S&P 500 Index – Trender trading model and MACD for key time frames
MonthlyTrender and MACD are negative – a close above 4514.50 triggers a buy signal
WeeklyTrender and MACD are positive – a close below 3730.35 triggers a sell signal
DailyTrender and MACD are positive – a close below 3856.79 triggers a sell signal
Hourly: Trender and MACD are positive – a close below 3955.58 triggers a sell signal
 
Biden think tank where secret docs stashed accused of giving prez ‘no show’ job https://trib.al/hNPsFfn
 
@TuckerCarlson: This is pretty clearly the beginning of the end for old Joe Biden.
https://foxnews.com/video/63185829
 
Biden White House ‘looks like it’s hiding something’ with classified documents: Washington Post reporter  https://www.foxnews.com/media/biden-white-house-looks-like-its-hiding-something-with-classified-documents-washington-post-reporter
 
Biden document stash may have jeopardized national security, Schiff (Dem Rep.) says
https://nypost.com/2023/01/15/biden-document-stash-may-have-jeopardized-national-security-schiff-says/amp/
 
Democrats slam Biden over classified documents after he used issue against Trump: ‘Embarrassing.’ – Rep. Adam Schiff calls for intelligence assessment after four discoveries of documents at Biden’s home and office… Sen. Debbie Stabenow (D-Mich.) told NBC’s “Meet the Press” on Sunday that after Biden had criticized Trump over allegedly mishandling classified documents at Mar-a-Lago, the fact that he also allegedly mishandled classified documents was problematic…
https://justthenews.com/government/white-house/democrats-slam-biden-allegedly-mishandling-classified-documents-following
 
@mrddmia: Why were President Biden’s personal (VERY HIGH PRICE) attorneys going through documents in his former UPenn office in DC? Those would be very high-priced movers. And why his Delaware home — and even his beach house? He’s not moving out of those homes.
 
@JonathanTurley: Biden counsel continues to make statements seemingly against their client’s interests. Sauber said that the lawyers who discovered the documents on Wednesday night did not have clearances… The question is why if these attorneys were locating for classified documents almost two months after the discovery of highly classified documents in DC. While it is unclear, if uncleared lawyers were used for this purpose, it could be viewed as more evidence of gross mishandling.
 
CBS’s Margaret Brennan: Why Would Biden Send Lawyers Who Don’t Have Security Clearance to Search for Classified Material? https://www.realclearpolitics.com/video/2023/01/15/cbss_margaret_brennan_why_would_biden_send_lawyers_who_dont_have_security_clearance_to_search_for_classified_material.html
 
@thebradfordfile: The Department of Justice is allowing Biden white house lawyers to process a crime scene. That’s not how this is supposed to work.
 
McCarthy: Lack of FBI raid on Biden proves need for government weaponization panel https://t.co/puPVdv2kyX
 
@rising_serpent: Now you know why 5 secret service rental cars spontaneously combusted at a Hertz parking lot when Joe Biden was on vacation in Nantucket, and the media spent all their time trying to convince us that one of them had a faulty switch and fire routinely spreads between metal cars.
 
On Saturday, WH counsel Sauber said “5 additional pages with classified markings” were found at The Big Guy Wilmington, Delaware home on Thursday.  Team Biden waited until the Saturday of a holiday weekend to release the news.  https://twitter.com/PhilipWegmann/status/1614303648237981696/photo/1
 
No visitor logs exist for Biden’s Wilmington home, site of classified doc discovery, WH counsel’s office says   https://www.foxnews.com/politics/no-visitor-logs-exist-bidens-wilmington-home-site-classified-doc-discovery-wh-counsels-office-says
 
@charliekirk11: The Secret Service does background checks on everyone who meets with the president, but the White House wants you to believe there’s no visitor log at Biden’s Wilmington home.  Reminder, Biden has spent 1/4 of his entire presidency in Delaware.
 
Devin Nunes calls Biden special counsel investigating Biden a ‘Russia hoaxer’ https://t.co/ybxPpGjZJR
Special counsel Robert Hur tried to block the release of a GOP memo in 2018 that alleged the FBI abused its authority to investigate former President Donald Trump’s 2016 campaign…“He is a Russia hoaxer himself. And I think the Republicans better check in. He has a lot of explaining to do…”…
 
House Oversight panel to probe China money to university where Biden worked, classified memos found – University of Pennsylvania and its reliance on Chinese donations during the time it employed Joe Biden has emerged as major issue
https://justthenews.com/accountability/political-ethics/house-oversight-panel-probe-china-money-university-where-biden
 
Biden Removed Chinese Military Company from Government Blacklist After CEO Spoke at Penn Event… Lei Jun, the CEO of XiaoMi, spoke at the event before the Trump administration placed the smartphone giant on a blacklist over its ties to the People’s Liberation Army. He also spoke at the 2016 summit. The designation was in response to the company’s involvement with Chinese Communist Party initiatives to topple U.S. technological supremacy and its CEO receiving the “Outstanding Builder of Socialism with Chinese Characteristics” award in 2019 from the Chinese regime.
   In President Biden’s first few months, however, he reversed Trump’s decision to blacklist the company.
https://warroom.org/2023/01/14/biden-removed-chinese-military-company-from-blacklist/
 
Former Biden assistant questioned by law enforcement over classified docs repeatedly appeared in Hunter emails – Hunter Biden recommended that his father hire Kathy Chung to be his executive assistant in 2012… Chung regularly communicated with Biden’s son Hunter Biden, transmitting information about his father’s schedule and passing messages directly from the then-vice president, according to emails obtained from Hunter Biden’s abandoned laptop and verified by Fox News Digital.
   In another instance from earlier that year (2015)Chung sent Hunter and other members of the Biden family an invitation to attend a State Department luncheon hosted by his father honoring Chinese President Xi Jinping https://t.co/Kyss93Vn7D
 
Republicans Demand AG Garland Explain Why Biden Doc Story Was Hidden Before Midterms
“Classified documents were discovered at the Penn Biden Center on November 2, 2022, only six days prior to the midterm elections, which decided the balance of power for the 118th Congress… This discovery occurred shortly before you appointed special counsel, Jack Smith, to criminally investigate President Trump as part of the Mar-a-Lago raid, a central issue in the midterms for both Congressional Democrats and Joe Biden.”  “Did the White House request to withhold this information prior to the midterm elections?” the letter asks… (Yet another instance of DoJ/FBI election interference!)
https://dailycaller.com/2023/01/11/exclusive-republicans-demand-ag-garland-explain-why-biden-doc-story-hidden-before-midterms/
 
Background Check Form Claims Hunter Biden Paid $50,000 a Month in Rent for Biden Home Where Classified Docs Were Stored (Laundering 10% for The Big Guy?)
https://trendingpoliticsnews.com/background-check-form-claims-hunter-biden-paid-50000-a-month-in-rent-for-biden-home-where-classified-docs-were-stored/
 
Turley: Biden’s Corvette Defense Was a Lemon but His “Inadvertence” Defense Could Prove Worse
First, it seems that these documents were likely moved more than once…  if Biden worked off any of these documents for his book (which dealt with some of the underlying subjects like Ukraine), the inadvertent defense is not only shattered but could be cited later as an effort to deceive the public…
   There seemed to be a general lack of urgency from the government despite finding documents classified at the high “Top Secret/Sensitive Compartmented Information” (TS/SCI) level.
   However, it took two days for the archives to notify the Justice DepartmentIt then took seven days after the discovery for the FBI to do a risk assessment. Most notably, after the discovery of classified material in two locations, it was private counsel who discovered the last classified document
   While Garland finally made an appointment, he appears to have done so with one huge benefit to BidenUnlike the sweeping mandate given the special counsel for Trump, the Biden mandate appears quite narrow. There was no reference to the alleged Biden influence peddling scandal, which long ago warranted a special counsel appointment…
https://jonathanturley.org/2023/01/13/like-a-car-only-better-bidens-corvette-defense/
 
@paulsperry_: FBI Director Christopher Wray’s chief of staff Jonathan Lenzner was newly appointed Special Counsel ROBERT HUR’s deputy in Maryland. Lenzner’s father was Bill and Hillary Clinton’s private eye fixer. Lenzner is married to WaPo national editor Matea Gold, both Democrats
   AG Garland’s decision to raid a former president’s home will go down as one of the most ill-advised decisions in DOJ history.  Who was his counselor? Maggie Goodlander. Who’s she? The wife of Biden’s National Security Adviser Jake Sullivan, who feared Trump had Iran nuke deal docs.
   The National Archivist, NARA inspector general, attorney general, FBI director, Penn Biden Center, White House & US Attorney all knew about Biden’s classified breaches, and they all conspired to cover up his scandal & keep it from the American public until well after the election.
   Speculation growing on Hill that US Attorney David C. Weiss, the Delaware prosecutor investigating Hunter Biden, may have pressured the sudden “discovery” of Biden’s private, far-flung stash of classified White House materials.
    @JMichaelWaller: Serial high-level FBI leaks of classified information are felonies and, if coordinated, are organized criminal conspiracies. The WaPo national editor has a role in editing and publishing these criminal leaks. Something for @Jim_Jordan, @RepThomasMassie … to consider.
 
Ex-top (CIA) official Douglas Wise knew Hunter Biden laptop ‘had to be real’ but signed ‘disinfo’
letter https://nypost.com/2023/01/16/ex-top-intel-official-douglas-wise-knew-hunter-biden-laptop-had-to-be-real-but-signed-disinfo-letter/
 
Louisiana AG @AGJeffLandry: Unbelievable testimony in yesterday’s deposition with Brian Scully! At least six CISA national security officials worked in shifts days, nights, and weekends to report election “misinformation/disinformation” to social media platforms
https://twitter.com/AGJeffLandry/status/1613908846925299713
 
@mtaibbi: TWITTER FILES: Supplemental – More Adam Schiff Ban Requests, and “Deamplification”
2.Staff of House Democrat @AdamSchiff wrote to Twitter quite often, asking that tweets be taken down. This important use of taxpayer resources involved an ask about a “Peter Douche” parody photo of Joe Biden. The DNC made the same request…3. The real issue was Donald Trump retweeted the Biden pic. To its credit Twitter refused to remove it, with Trust and Safety chief Yoel Roth saying it had obvious “humorous intent”… 8. Schiff’s office had a concern about “deamplification,” though: it might make it harder for law enforcement to track the offending Tweeters.  9.“WE APPRECIATE GREATLY” “We are curious whether any deamplification (shadow ban) measures implemented by Twitter’s enforcement team – which we appreciate greatly – could… impede the ability of law enforcement to search Twitter for potential threats about Misko and other HPSCI staff.”…  https://twitter.com/mtaibbi/status/1613932028784742400
 
Hunter Biden asks court to stop love child from taking his sullied surname (Not a parody!)
https://nypost.com/2023/01/14/hunter-biden-asks-court-to-stop-love-child-from-taking-his-sullied-surname/
 
@JoeBiden: I give you my word as a Biden: When I’m president, I will lead with science, listen to the experts and heed their advice, and always tell you the truth.  8:36 PM · Mar 18, 2020
 
‘Not a Joke‘ — Joe Biden Claims He Attended a Black Church Every Day after Morning Mass
“I may be a practicing Catholic, we used to go 7:30 am mass every morning in high school and college before I went to the black church,” he said. “Not a joke.”…  https://t.co/5Y3uxX9M6q
 
@mirandadevine: Joe Biden: “Seek a life of … Truth. Truth. That’s what I try to do every day.”
https://twitter.com/jj_talking/status/1614687529277722624
 
@theblaze: Joe Biden sings Happy Birthday to Arndrea Waters King (MLK III’s wife), but he forgets her name entirely.  https://twitter.com/theblaze/status/1615039892408369173
 
@joelpollak: Biden is using MLK Jr. Day, which ought to be a day of national unity, to launch a series of false & inflammatory attacks on Republicans. The new House majority should understand that he has no interest in cooperation and they should turn him inside-out with their investigations.
 
The Big Guy slammed Republicans, calling them “fiscally demented”.  He railed against AR-15s.
 
Fox’s Harris Faulkner slammed The Big Guy for NOT mentioning MLK Jr. during his speech (to that point), making the speech “more about what’s going on with President Biden and his policies”, and lying repeatedly about his actions.  https://twitter.com/TVNewsNow/status/1615050540299259922
 
President Biden spoke about how he plans to lower the federal budget deficit during a MLK Day speech… These guys are fiscally demented, I think. They don’t quite get it.
https://www.realclearpolitics.com/video/2023/01/16/president_biden_republicans_are_fiscally_demented_i_think.html
 
Biden Questions Why Police ‘Always Shoot with Deadly Force’
“Why should you always shoot with deadly force? The fact is if you need to use your weapon, you don’t have to do that,” Biden said… (Egregious pandering at Dr. MLK Jr. tribute)
https://www.nationalreview.com/news/biden-questions-why-police-always-shoot-with-deadly-force/
 
2022 saw disturbing increase in law enforcement fatalities: ‘A culture of lawlessness has gripped the country’ https://t.co/EZUCeunlT4
 
@Breaking911: Biden: “Ban the number of bullets that can go in a magazine. There’s no, no need for any of that. […] If you need to work about taking on the federal government, you need some F-15s. You don’t need an AR-15. I’m serious. Think about it.” (Quite a Dr. MLK Jr. tribute!)
https://twitter.com/Breaking911/status/1615057402914607104
 
Babylon Bee: Congress Declares Any Member Who Refuses to Bow to The Bust of Zelensky Will Be Thrown into a Fiery Furnace  https://babylonbee.com/news/congress-declares-any-member-who-refuses-to-bow-to-the-bust-of-zelensky-will-be-thrown-into-a-fiery-furnace
 
Radical Democrat Congresswoman Sheila Jackson Lee Introduces Bill to Make White People Criticizing Minorities a Federal Offense   https://www.thegatewaypundit.com/2023/01/radical-democrat-congresswoman-sheila-jackson-lee-introduces-bill-make-white-people-criticizing-minorities-federal-offense/
 
I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character…” – Dr. Martin Luther King Jr.  8/28/63  
 

GREG HUNTER REPORT//

Greg Hunter  interviewing Bo Polny

God Will Act Against Worldwide Swamp – Bo Polny

By Greg Hunter On January 14, 2023 In Political Analysis19 Comments

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

Biblical cycle timing expert, geopolitical and financial analyst Bo Polny has made many freakishly correct predictions.  One of his biggest was in February of 2020 when Polny said the whole world was about to change forever.  Regarding the CV19 infections, lockdowns, masks, social distancing and bioweapon vax that followed, Polny could not have been more correct.  What do we have to look forward to in 2023 and beyond?  In short, the money system we have today is about to change in a Biblical way.  Polny explains, “I think the Russians, who have their ruble attached to gold, are the only ones that are going to weather this storm that is coming on the very near horizon.  All other world currencies are paper backed, and they are fiat.  They attach nothing to gold, and as a result, they have been able to take this money system and print it, and print it and print it.  What have they done with it?  They have been enslaving and buying everybody.  So, the entire world we know today is captured.  This is why no one man can come in, like a “45” (President Trump) and say, wow, let’s drain the swamp.  The problem is that the swamp is not only in Washington, but it’s a worldwide swamp.  It’s everywhere.  Everything is captured, and how do they do it?  With the money. . . . Do you have a student loan?  You are enslaved.  Do you have a mortgage?  You are enslaved.  Do you have a credit card?  You are enslaved.  You have to understand that all of this money you think you owe, the banks created it out of thin air.”

Polny predicts, “If we, the world, do not have a Biblical intervention, and I literally mean the Hand of God coming down on Earth like the Red Sea.  Moses did not part the Red Sea–God did.  If we don’t have a moment like the Red Sea parts by the Hand of God, and then closes on the evil ones of this world, the next step is like Nazi Germany and concentration camps.  That is what they are pushing for.  However, because God loves us, he will not allow this to happen.  So, what we are about to witness is the Glory of God. . . .Evil is not going to win—ever.”

Polny talks about what is coming for Bitcoin, gold, silver, the U.S. dollar, the rebirth of America, the possibility of President Trump returning to office and some very important dates to watch for.  These are just a few of the things covered in this in-depth 1-hour and 31-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Biblical cycle expert and financial analyst Bo Polny, founder of Gold2020Forecast.com for 1.14.23.

(https://usawatchdog.com/god-will-act-against-worldwide-swamp-bo-polny/)

After the Interview:

You can find free information on Gold2020Forecast.com.

To look at Polny’s free PowerPoint presentation called “Eight Years Left: End Times Prophecy of the U.S. Presidents,” click here.

I will see you TOMORROW

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One comment

  1. HARVEY: HOW SAD THAT YOUR PREVIOUSLY USEFUL PUBLICATION HAS MIGRATED MORE AMD MORE OVER TO PRIMARILY COVERING RIGHT WING FAKE NEWS. CONTINUOUS CONSPIRACY CRAP ABOUT VACCINE INJURY INJURY BY ALEXANDER AND UKRAINE REPORTING AND RUSSIAN SYMPATHETIC ‘NEWS’ BY HYNERAK NOW COMPRISES MOST OF YOUR SPACE. THESE TWO ARE FULL OF SHIT HARVEY. I DONT KNOW WHY YOU CAN’T SEE IT. MAYBE YOU DONT CARE, ABOUT FACTUAL ACCURACY, MAYBE YOU THINK PUBLISHING SUCH CAR IS GOOD FOR RATINGS…. HOW SAD….

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