AUGUST 26/GOLD CLOSED UP $9.00 TO $251SLAY NEWS ETC/9.20//SILVER CLOSED UP 23 CENTS TO $30.00//PLATINUM CLOSED UP $4.60 TO $966.90 WHILE PALLADIUM WAS UP $6.780 TO $968.10//IN CASE YOU MISSED IT ON THE WEEKEND, ANDREW MAGUIRE’S LIVE FROM THE VAULT NO 187 IS A MUST VIEW//FRANCE ARRESSTS TELEGRAPH’S CEO ON TRUMPTED UP CHARGES//IN GERMANY ISLAMIST KILLS 3 AND WOUND 8 IN A KNIFE ATTACK//ISRAEL PERFORMS A PREMEPTIVE STRIKE AGAINST HEZBOLLAH AND KNOCKS OUT HUNDREDS OF ROCKET LAUNCHERS..HEZBOLLAHR STRIKES A CHICKEN FARM//HAMAS VS ISRAEL UPDATES/HOUTHIS UPDATES//COVID UPDATES/VACCINE INJURY UPDATES/RUSSIA VS UKRAINE UPDATES//LIBYA SUSPENDS ALL OIL PRODUCTION DRIVING UP OIL PRICES//SWAMP STORIES FOR YOU TONIGHT//
363 H WELLS FARGO SEC 55 661 C JP MORGAN 4 685 C RJ OBRIEN 3 686 C STONEX FINANCIA 10 737 C ADVANTAGE 59 905 C ADM 6 991 H CME 7
TOTAL: 72 72 MONTH TO DATE: 22,105
JPMorgan stopped 4/72
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 72 NOTICES FOR 7200 OZ or 0.2239 TONNES
total notices so far: 22,105 contracts for 2,210,500 Oz (68.755 tonnes)
FOR AUGUST:
SILVER NOTICES: 8 NOTICE(S) FILED FOR 40,000
OZ/
total number of notices filed so far this month : 917 for 4,585,000 oz
XXXXXXXXXXXXXXXXXX
Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation
END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $9.00 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.73 TONNES OF GOLD VAPOUR OUT OF THE GLD/
/ /INVENTORY RESTS AT 856.12 TONNES
INVENTORY RESTS AT 856.12 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER UP $0.23 AT THE SLV
SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 45,000 OZ OF SILVER OUT OF THE SLV/
//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 465.880 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A MEGA HUGE SIZED 1418 CONTRACTS TO 146,284 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE GAIN OF $0.72 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE LOST ZERO LONGS WITH THE GAIN IN PRICE. WE HAD A MEGA HUGE GAIN OF 2238 CONTRACTS ON OUR TWO EXCHANGES. WE HAD AGAIN HUGE LIQUIDATION OF T.A.S. CONTRACTS AND MONTH END SPREADERS DURING FRIDAY’S TRADING//. WE HAD ZERO COVERING BY OUR SPECS WITH THE HUGE GAIN IN PRICE. WE HAD ANOTHER STRONG 820 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY ANOTHER HUMONGOUS 1110 CONTRACT T.A.S ISSUANCE. IN ESSENCE WE GAINED 2238 CONTRACTS ON OUR TWO EXCHANGES WITH THE HUGE GAIN IN PRICE.
PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN YESTERDAY. THE ACCUMULATED T.A.S. IS BEING USED TO MANIPULATE PRICES AT THE COMEX NOW EVERY DAY..
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT: 1110 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS.IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1/2 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS BUT TO NO AVAIL. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.
WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.72) AND WERE UNSUCCESSFUL IN KNOCKING A ANY SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUGE GAIN OF 2488 TOTAL CONTRACTS ON OUR TWO EXCHANGES
WE HAD A STRONG 820 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.005 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 25,000 OZ QUEUE JUMP //NEW STANDING RISES TO 4.585 MILLION OZ
//NEW STANDING FOR SILVER//AUGUST IS THUS 4.585 MILLION OZ
WE HAD:
/ HUGE SIZED COMEX OI GAIN //HUGE SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1110 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED A MASSIVE 250 CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS AUGUST ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF AUGUST
TOTAL CONTRACTS for 18 DAYS, total 15,920 contracts: OR 79.6 MILLION OZ (884 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 79.6 MILLION OZ
LAST 23 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
YEAR 2022:
JAN 2022-DEC 2022
JAN 2022// 90.460 MILLION OZ
FEB 2022: 72.39 MILLION OZ//
MARCH 2022: 207.140 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
TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)
JAN 2023/// 53.070 MILLION OZ //FINAL
FEB: 2023: 100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.
MARCH 2023: 112.58 MILLION OZ//FINAL//STRONG ISSUANCE
APRIL 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RDHIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)
AUGUST; 79.6 MILLION OZ//THIS MONTH WILL PROBABLY BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1418 CONTRACTS WITH OUR GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG EFP ISSUANCE CONTRACTS: 820 ISSUED FOR SEPT 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 AUGUST OF 3.005 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 25,000 OZ QUEUE JUMP
//NEW TOTAL STANDING FOR AUG 4.585 MILLION OZ
WE HAVE A MEGA HUGE SIZED GAIN OF 2238 OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GIGANTIC SIZED 1110 CONTRACTS,//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX TRADING//// MASSIVE ATTEMPTED SHORT COVERING FROM OUR SPEC SHORTS WITH THE STRONG RUNUP IN PRICE/ AND ZERO LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER.
THE NEW TAS ISSUANCE FRIDAY NIGHT (1110) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .
WE HAD 8 NOTICE(S) FILED TODAY FOR 40,000 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 FAIR SIZED 2021 OI CONTRACTS TO 528,638 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,733 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A MASSIVE 4348 CONTRACTS//T
WE HAD A FAIR SIZED INCREASE IN COMEX OI (2021 CONTRACTS) OCCURRED WITH OUR HUGE GAIN OF $29.80 IN PRICE/FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR AUGUST AT 65.55 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 6500 OZ QUEUE JUMP AS FINALLY GUYS ARE STANDING FOR GOLD AT THE COMEX
NEW STANDING ADVANCES TO 69.2068 TONNES
/ ALL OF THIS HAPPENED WITH OUR $29.80 GAIN IN PRICE WITH RESPECT TO FRIDAY’S TRADING. WE HAD A STRONG SIZED GAIN OF 4167 OI CONTRACTS (12.96 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE LOW GAIN IN COMEX OI WAS DUE TO DISTORTION FROM CONSIDERABLE T.A.S. LIQUIDATION AND MONTH END SPREADER LIQUIDATION.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2146 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 524,290
IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 8515 CONTRACTS WITH 2021 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 2146 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 4167 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALLISH 962 CONTRACTS,
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2146 CONTRACTS) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI OF 2021 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 4167 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR AUGUST AT 65.55 TONNES FOLLOWED BY TODAY’S 6500 OZ QUEUE JUMP AS THESE BOYS JUMP THE QUEUE TO STAND AT THE COMEX./
//NEW STANDING ADVANCES TO: /AUGUST 69.2068 TONNES.
/ 3) CONSIDERABLE T.A.S. LIQUIDATION AND MONTH END SPREADER CONTRACT LIQUIDATION WITH ZERO NET LONG SPECS BEING CLIPPED,
4) STRONG SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///SMALL T.A.S. ISSUANCE: 982 CONTRACTS
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
AUGUST
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST. :
TOTAL EFP CONTRACTS ISSUED: 81,956 CONTRACTS OF 8,195,600 OZ OR 254.91 TONNES IN 18 TRADING DAY(S) AND THUS AVERAGING: 4553 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 18 TRADING DAY(S) IN TONNES 254.91 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 254.91 DIVIDED BY 3550 x 100% TONNES = 7.183% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( 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/SECOND HIGHEST ON RECORD
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
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)
AUGUST: 254.91 TONNES//THIS MONTH WILL NO DOUBT BE A HUGE ISSUANCE OF EFP’S BUT LESS THAN LAST MONTH.
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 AUGUST. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (AUG), 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.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
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 HUGE SIZED 1418 CONTRACTS OI TO 146,284 AND FURTHER FROM THE 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 6 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 820 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 820 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 820 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 1668 CONTRACTS AND ADD TO THE 820 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2238 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 11.19 MILLION OZ OCCURRED WITH OUR $0.72 GAIN IN PRICE
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS//
MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED UP 1.15 PTS OR 0.04% //Hang Seng CLOSED UP 186.63 PTS OR 1.06% // Nikkei CLOSED DOWN 254.05 OR .66%//Australia’s all ordinaries CLOSED UP 0.76%///Chinese yuan (ONSHORE) CLOSED UP TO 7,1181 CHINESE YUAN OFFSHORE CLOSED UP TO 7.1192/ Oil UP TO 76.71 dollars per barrel for WTI and BRENT UP AT 81.00 Stocks in Europe OPENED ALL GREEN
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED BUT LESS THAN EXPECTED 2021 CONTRACTS TO 524,290 DESPITE OUR HUGE GAIN IN PRICE OF $29.80 WITH RESPECT TO FRIDAY’S TRADING. WE LOST A CONSIDERABLE NUMBER OF SPREADER/T.A.S. CONTRACTS AS SHORTS TRIED TO, THROUGHOUT THE SESSION, COVER WHAT THEY COULD AT EXTREME HIGHER PRICES. THE FED IS THE MAJOR SHORT OF AROUND 148 TONNES+ OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE US DOLLAR. THIS IS SCHEDULED TO HAPPEN LATE SEPT 2024.
OUR LONDONERS ALSO BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT THESE HIGHER PRICES AND THIS GOLD BOUGHT WILL BE TENDERED FOR PHYSICAL ON A T + 1 BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD MUST BE DELIVERED IN A VERY TIMELY ONE DAY. CENTRAL BANKS AROUND THE WORLD, BEING REPRESENTED BY OUR LONDONERS, ARE THE REAL PURCHASERS OF THIS GOLD.
WE HAD A HUGE T.A.S. LIQUIDATION ON FRIDAY’S HUGE GAIN IN PRICE WITH ZERO LONGS WERE CLIPPED (AS YOU WILL SEE BELOW) BUT WE DID HAVE MAJOR SHORT COVERING. THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL. THE HIGH LIQUIDATION OF THE SPREADERS AND T.A.S IS SURELY DISTORTING COMEX OPEN INTEREST.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW ENTERING INTO THE ACTIVE DELIVERY MONTH OF AUGUST.… 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 A FAIR SIZED 2146 EFP CONTRACTS WERE ISSUED: : OCT/DEC2146 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2146 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 4167 CONTRACTS IN THAT 2146 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR GAIN OF 2021 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR HUGE GAIN IN PRICE OF $29.80/FRIDAY COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AS MENTIONED ABOVE. SEEMS NOBODY WAS FOOLED BY THE RAID ON THURSDAY AS THEY PILED INTO NEW CONTRACTS ON FRIDAY.
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT A SMALL SIZED 962 CONTRACTS. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK)
THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD WHICH OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//. IT SEEMS THAT OUR CROOKS ARE HAVING A HARD TIME TRYING TO CONTROL THE PRICE OF GOLD AND THUS THE NEED FOR STRONG T.A.S. ISSUANCE (AND SPREADERS LATE IN THE MONTH). THE USE OF T.A.S. IS OF EXTREME IMPORTANCE TO OUR CROOKS IN LAST WEEK’S TRADING//RAIDS AS WELL AS THIS WEEK AND ESPECIALLY ON THURSDAY HUGE /RAID.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: AUGUST (69.2068 TONNES)
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 42 MONTHS OF 2021-2024:
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
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/PRIOR= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 11.692 TONNES
AUGUST 69.2068 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $29.80 //// AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE DID HAVE A STRONG GAIN IN OUR TWO EXCHANGES. CENTRAL BANK LONGS , EXERCISED FOR PHYSICAL. WE HAD A HUGE T.A.S. LIQUIDATION AND SPREADDER LIQUIDATION THURSDAY AND FRIDAY/COMEX.
WE HAVE GAINED A TOTAL OI OF 12.96 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR AUGUST (65.55 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 6500 OZ QUEUE JUMP //NEW STANDING: 69.2068 TONNES.
NEW STANDING FOR AUGUST: 69.2068 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR HUGE GAIN IN PRICE TO THE TUNE OF $29.80
WE HAVE REMOVED A MAMMOTH 4348 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. THIS IS THE LARGEST ADJUSTMENT TO DATE.
NET GAIN ON THE TWO EXCHANGES 4167 CONTRACTS OR 416,700 OZ (12.96
Total monthly oz gold served (contracts) so far this month
22,105 notices 2,210,500 oz 68.755 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month
x
0 dealer deposits:
total dealer deposits: nil oz
we have 0 customer deposits
total deposits NIL oz
withdrawals: 3
i) Out of Delaware 64.302 oz (2 kilobars)
ii) Out of JPMorgan 5660.41 oz
iii) Out lf Loomis 17,265.087 oz (537 kilobars)
iv) Out of Manfra: 14,178,591. (441 kilobars)
TOTAL WITHDRAWALS 37,168.390 oz oz
adjustments: 1/ CUSTOMER to Dealer
a) Brinks 964.53 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR AUGUST
For the front month of AUGUST we have an oi of 217 contracts having LOST 75 contracts.
We had 140 contracts served on FRIDAY so we gained an additional 65 contracts or 6500 oz will stand for gold at the comex
SEPT. LOST 119 CONTRACTS TO STAND AT 5,364 CONTRACTS.
OCTOBER GAINED 1491 CONTRACTS UP TO 53,437 CONTRACTS
We had 72 contracts filed for today representing 7200 oz
This is a major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notice issued from their client or customer account. The total of all issuance by all participants equate to 72 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 4 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for AUGUST /2024. contract month, we take the total number of notices filed so far for the month (22,105) x 100 oz ) to which we add the difference between the open interest for the front month of August 217( CONTRACTS) minus the number of notices served upon today (72x 100 oz per contract( equals 2,225,000 OZ OR 69.2068 TONNES. Somebody was in great need of physical gold on this side of the pond today
thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (22,105 x 100 oz +we add the difference for front month of AUGUST (217 X// , OI} minus the number of notices served upon today (72) x 100 oz which equals 2,225,500 oz (69.2068 TONNES)
TOTAL COMEX GOLD STANDING FOR AUGUST: 69.2068 TONNES WHICH IS HUGE FOR THIS VERY ACTIVE DELIVERY MONTH IN THE CALENDAR.
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,219,251.969 OZ
TOTAL REGISTERED GOLD 7,789,128.244 ( 242.24 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 9,430,123.725 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,041,405 oz (REG GOLD- PLEDGED GOLD)= 187.91tonnes //
END
SILVER/COMEX
AUGUST 26/2024
INITIAL
//2024// THE AUG 2024 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
16,831.606 OZ
Delaware
.
Deposits to the Dealer Inventory
NIL
Deposits to the Customer Inventory
nil
No of oz served today (contracts)
8 CONTRACT(S) (40,000 OZ)
No of oz to be served (notices)
0 contracts (0.000 million oz)
Total monthly oz silver served (contracts)
917 Contracts (4.585 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
i) 0 dealer deposit/
total dealer deposit : NIL oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
We had 0 customer deposits:
total customer deposit nil oz
JPMorgan has a total silver weight: 135.336million oz/307.311 million or 44.03%
adjustment:0
withdrawals: 1
i)Out of Delaware 16,831.606 oz OZ
total customer withdrawals: 16,831,606 oz
TOTAL REGISTERED SILVER: 69.805 MILLION OZ//.TOTAL REG + ELIGIBLE. 307.336 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST:
silver open interest data:
FRONT MONTH OF AUGUST/2024 OI: 8 CONTRACTS HAVING LOST 42 CONTRACT(S).
WE HAD 47 NOTICES SERVED ON FRIDAY, SO WE GAINED 5 CONTRACTs OR AN ADDITIONAL 25,000 OZ WILL STAND FOR SILVER AT THE COMEX.
SEPT SAW A LOSS OF 4397 CONTRACTS TO 36,423. SEPT NOW BECOMES THE NEW FRONT MONTH
OCTOBER SAW ANOTHER GAIN OF OPEN INTEREST CONTRACTS OF 162 CONTRACTS AND THUS WE HAVE 981 OPEN INTEREST CONTRACTS FOR OCTOBER.
.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 8 for 40,000 oz
CONFIRMED volume; ON THURSDAY 104,476 strong
To calculate the number of silver ounces that will stand for delivery in AUGUST we take the total number of notices filed for the month so far at 917 x 5,000 oz = 4.585 MILLION oz
to which we add the difference between the open interest for the front month of AUGUST( 8) and the number of notices served upon today 8 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the AUGUST/2024 contract month: 917 notices served so far) x 5000 oz + OI for the front month of AUGUST (8)x number of notices served upon today minus (8)x 5000 oz of silver standing for the AUGUST contract month equates to 4.585 MILLION OZ.
New total standing: 4.585 million oz.
There are 69.805 million oz of registered silver.
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.
Now that we have surpassed $28.40 the next big line in the sand for silver is $34.76. After that the moon
END
BOTH GLD AND SLV ARE MASSIVE FRAUDS!
GLD AND SLV INVENTORY LEVELS//
GLD
AUGUST 26 WITH GOLD UP $9.00 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.73 TONNES OF GOLD VAPOUR GOLD OUT OF THE GLD./ //////INVENTORY RESTS AT 856 TONNES
AUGUST 23 WITH GOLD UP $29.70 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A MONSTER WITHDRAWAL OF 8.88 TONNES OF GOLD VAPOUR GOLD OUT OF THE GLD./ //////INVENTORY RESTS AT 857.85 TONNES
AUGUST 22 WITH GOLD DOWN $28.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A MONSTER DEPOSIT OF 9.43 TONNES OF GOLD VAPOUR GOLD INTO THE GLD./ //////INVENTORY RESTS AT 866.70 TONNES
AUGUST 21 WITH GOLD DOWN $1.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A MONSTER WITHDRAWAL OF 1.73 TONNES OF GOLD OUT OF THE GLD./ //////INVENTORY RESTS AT 857.27 TONNES
AUGUST 20 WITH GOLD UP $9.40 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A MONSTER DEPOSIT OF 4.03 TONNES OF GOLD VAPOUR INTO THE GLD./ //////INVENTORY RESTS AT 859.00 TONNES
AUGUST 19 WITH GOLD UP $3.05 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A MONSTER DEPOSIT OF 7.19 TONNES OF GOLD VAPOUR INTO THE GLD./ //////INVENTORY RESTS AT 854.97 TONNES
AUGUST 16 WITH GOLD UP $44.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: //////INVENTORY RESTS AT 847.78 TONNES
AUGUST 15 WITH GOLD UP $13,70 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.02 TONNES OF GOLD OUT OF THE GLD//////INVENTORY RESTS AT 847.78 TONNES
AUGUST 14 WITH GOLD DOWN $26.20 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.03 TONNES OF GOLD OUT OF THE GLD//////INVENTORY RESTS AT 845.76 TONNES
AUGUST 13 WITH GOLD UP $3.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.88 TONNES OF GOLD INTO THE GLD//////INVENTORY RESTS AT 849.79 TONNES
AUGUST 12 WITH GOLD UP $30.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ////INVENTORY RESTS AT 846.91 TONNES
AUGUST 9 WITH GOLD UP $10.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 846.91 TONNES
AUGUST 8 WITH GOLD UP $31.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.02 TONNES OF GOLD OUT OF THE GLD////INVENTORY RESTS AT 844.04 TONNES
AUGUST 7 WITH GOLD UP $1.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.16 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 848.06 TONNES
AUGUST 6 WITH GOLD DOWN $13.10 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD” A WITHDRAWAL OF .57 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 844.90 TONNES
AUGUST 2 WITH GOLD DOWN $9.95 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 0.58 TONNES OF GOLD OUT OF THE GLD//INVENTORY RESTS AT 845.47 TONNES
AUGUST 1 WITH GOLD UP $9.15 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.88 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 846.05 TONNES
JULY 30 WITH GOLD UP $26.55 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// A /////INVENTORY RESTS AT 843.17 TONNES
JULY 29 WITH GOLD UP $27.35 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD// A WITHDRAWAL OF 1.98 TONNES OF GOLD OUT OF THE GLD/////INVENTORY RESTS AT 843.17 TONNES
JULY 26 WITH GOLD UP $27.35 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD// A DEPOSIT OF 3.45 TONNES OF GOLD INTO THE GLD/////INVENTORY RESTS AT 845.19 TONNES
JULY 25 WITH GOLD DOWN $60.45 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 841.74 TONNES
JULY 24 WITH GOLD UP $12.75 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 1,73 TOONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 841.74 TONNES
JULY 23 WITH GOLD UP $12.75 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 840.01 TONNES
JULY 22 WITH GOLD DOWN $4.40 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 840.01 TONNES
JULY 19 WITH GOLD DOWN $56.10 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;:A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD// ///INVENTORY RESTS AT 840.01 TONNES
JULY 18 WITH GOLD DOWN $2.20 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD;: ///INVENTORY RESTS AT 842.02 TONNES
JULY 17 WITH GOLD DOWN $6.60 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;: A MASSIVE DEPOSIT OF 5.49 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 842.02 TONNES
JULY 16 WITH GOLD UP $38.60 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;: A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 836.53 TONNES
GLD INVENTORY: 856.12 TONNES, TONIGHTS TOTAL
SILVER
AUGUST 26//WITH SILVER UP $0.23//SMALL CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 45,000 OZ OUT OF THE SLV. .///./// /INVENTORY AT 465.880 MILLION OZ
AUGUST 23//WITH SILVER UP $0.72//HUGE CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 1.506 MILLION OZ INTO THE SLV. .///./// /INVENTORY AT 465.925 MILLION OZ
AUGUST 22//WITH SILVER DOWN $0.44//HUGE CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 0.943 MILLION OZ INTO THE SLV. .///./// /INVENTORY AT 468.344 MILLION OZ
AUGUST 21//WITH SILVER $0.03//HUGE CHANGES IN SILVER INVENTORY:A DEPOSIT OF 1..552 MILLION OZ INTO THE SLV. .///./// /INVENTORY AT 468.344 MILLION OZ
AUGUST 20//WITH SILVER $0.24//HUGE CHANGES IN SILVER INVENTORY:A DEPOSIT OF 1.369 MILLION OZ FROM THE SLV. .///./// /INVENTORY AT 466.792 MILLION OZ
AUGUST 19//WITH SILVER $0.39//HUGE CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 1.506 MILLION OZ FROM THE SLV. .///./// /INVENTORY AT 465.423 MILLION OZ
AUGUST 16//WITH SILVER $0.49//NO CHANGES IN SILVER INVENTORY: .///./// /INVENTORY AT 466.929 MILLION OZ
AUGUST 15//WITH SILVER $1.14//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.186 MILLION ON INTO THE SLV.///./// /INVENTORY AT 466.929 MILLION OZ
AUGUST 14//WITH SILVER DOWN $0.40//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ
AUGUST 13//WITH SILVER DOWN $0.19//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ
AUGUST 12//WITH SILVER UP $.37//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ
AUGUST 9//WITH SILVER DOWN $.03//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ
AUGUST 8//WITH SILVER UP $.70//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 3.241 MILLION OZ INTO THE SLV////./// /INVENTORY AT 462.502 MILLION OZ
AUGUST 7//WITH SILVER DOWN $0.27//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.552 MILLION OZ INTO THE SLV////./// /INVENTORY AT 462.502 MILLION OZ
AUGUST 6//WITH SILVER UP $0.05//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 458.851 MILLION OZ
AUGUST 2//WITH SILVER DOWN $0.01//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 1.243 MILLION OZ OF SILVER OUT OF THE SLV ///./// /INVENTORY AT 460.961 MILLION OZ
AUGUST 1//WITH SILVER DOWN $0.46//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.608 MILLION OZ OF SILVER VAPOUR INTO THE SLV///./// /INVENTORY AT 462.204 MILLION OZ
JULY 31//WITH SILVER UP $0.45//NO CHANGES IN SILVER INVENTORY: /./// /INVENTORY REMAINS AT 460.596 MILLION OZ
JULY 30//WITH SILVER UP $0.61//SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 0.456 MILLION OZ OF SILVER VAPOUR INTO THE SLV/./// /INVENTORY RISES AT 460.596 MILLION OZ
JULY 29//WITH SILVER DOWN $0.07//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.382 MILLION OZ OF SILVER VAPOUR INTO THE SLV/./// /INVENTORY RISES AT 461.052 MILLION OZ
JULY 26//WITH SILVER DOWN $0.07//NO CHANGES IN SILVER INVENTORY./// /INVENTORY REMAINS AT 456.670 MILLION OZ
JULY 25 WITH SILVER DOWN $1.37//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 3.124 MILLION OZ OF SILVER OUT OF THE SLV./// /INVENTORY FALLS TO 456.670 MILLION OZ
JULY 24 WITH SILVER UP 3 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 15.880 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ
JULY 23 WITH SILVER UP 3 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 15.880 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ
JULY 22 WITH SILVER UP 2 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 3.920 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ
JULY 19 WITH SILVER DOWN 94 CENTS//NO CHANGES IN SILVER INVENTORY/// /INVENTORY REMAINS AT 435.854 MILLION OZ
JULY 18 WITH SILVER DOWN 13 CENTS//HUGE CHANGES IN SILVER INVENTORY” A DEPOSIT OF 2.374 MILLION OZ INTO THE SLV/// /INVENTORY RISES TO 435.854 MILLION OZ
JULY 17. WITH SILVER DOWN 75 CENTS//NO CHANGES IN SILVER INVENTORY// /INVENTORY REMAINS AT 433.480 MILLION OZ.
JULY 16. WITH SILVER UP 30 CENTS//NO CHANGES IN SILVER INVENTORY// /INVENTORY REMAINS AT 433.480 MILLION OZ.
CLOSING INVENTORY 465.880 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1 Peter Schiff/Mike Maharray
Peter Schiff: The “Good Ship Transitory” Sank, And Now The Captain Is Joking About It…
On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here… and how inflation took hold.
To be fair, he rightly diagnosed the root causes: extreme government spending and money printing during the pandemic. And then, when the economy reopened after the lockdowns, there was a sudden surge in inflation.
The Fed and its army of experts assumed this inflation would be a temporary phenomenon—what they called “transitory.” They said that, due to the pandemic lockdowns being lifted, prices would rise suddenly, then fall back down.
This turned out to be one of the worst calls in the history of central banking. As we now know, inflation wasn’t transitory. Prices rose and continued to rise higher and higher, and they haven’t come back down.
To his credit, the chairman acknowledged this mistake on Friday.
But he was in quite a jovial mood about it, even joking with reporters about how in late 2021 they all set sail on, “The good ship transitory,” essentially making light of their enormous error that turned a lot of people’s lives upside down.
His joke got a lot of laughs from the room, and it’s nice to see there can be so much levity about a mistake that has cost Americans so dearly.
Adding to the sting is that this press briefing took place at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming—one of the most exclusive and expensive resort towns in the world. And there he was, in fancy Jackson Hole, cracking jokes about blowing the inflation call—a mistake that has wreaked havoc on so many people’s lives.
To be honest it was a bit offensive… sort of like how many generals during World War I drank champagne as their men were being starved and slaughtered on the battlefield.
But again, it was at least an acknowledgment that they got it wrong. And this shouldn’t be an earth-shattering revelation. The Fed is not some all-knowing, all-powerful institution; it’s comprised of flawed human beings. Everyone makes mistakes— you, me, and the Fed Chairman too.
(Although ideally Fed officials would make fewer, smaller mistakes than the rest of us…)
Part of the reason the Fed was wrong is because they claim their decisions are data-driven. But the data they rely on is itself deeply flawed; just look at the most recent revision from the Labor Department, which is a major data source the Fed looks at when crafting policy decisions.
The Labor Department said last week that they were revising down the number of jobs created in 2023 by over 800,000. That’s a huge miss, and it proves that the data the Fed relies on to make decisions is also fundamentally flawed.
So basically our monetary system is run by flawed human beings who make far-reaching, life-altering decisions based on flawed data. What could possibly go wrong?
Quite a lot, obviously. And that’s why it’s worth briefly examining where else the Fed could get it wrong.
And we see two clear items on the horizon:
One is the presidential election.
A couple of weeks ago, the Fed chairman almost bragged about how the outcome of the Presidential and Congressional elections are irrelevant to them and do not factor into their economic forecasts at all.
This is completely absurd.
On the one hand, you have Kamala Harris, who wants to impose price controls, pass tax hikes, enforce arduous business regulations, push energy prices higher, and more.
On the other hand, Trump wants to reduce the independence of the Fed.
You couldn’t have more diametrically opposed policy outcomes.
Yet the Fed is willfully ignoring the massive consequences of what could transpire in November. They’re not thinking about it or planning for it. And that is insane.
The second issue is the national debt.
The Fed isn’t sounding the alarm bells. And in the past, it has actually supported the government spending even more money.
And it’s not like “the data” is suddenly absent here. The Congressional Budget Office (CBO) has estimated an additional $22 trillion in new debt over the next decade. And generally, the CBO is conservative— meaning the debt will likely grow even quicker than that.
Who’s going to lend that money to the Treasury Department?
The Fed should know they will play a major role in funding government debt and deficits— triggering a massive money printing operation with major impacts. Yet they don’t say a word about it. They don’t seem to be thinking about it.
We’ve been clear about our assessment of this situation: $22 trillion in new debt will almost certainly be highly inflationary. And a Kamala Harris presidency is extremely likely to knock the US dollar off its throne as the world’s dominant reserve currency.
There’s a very narrow path to avoid that outcome, but it’s looking more and more likely every day.
You’d think the Fed would be planning for it. But they don’t say a word about it, and insist these factors don’t matter to them at all.
To us, this is why it makes so much sense to own real assets—scarce critical resources such as food, energy, key minerals, and productive technology.
If the Fed proves unable to tame inflation, critical commodities like these will grow in value.
And if by some miracle we avoid major inflation, there’s little downside to owning profitable businesses which produce some of the most vital resources on the planet.
2. ALASDAIR MACLEOD/JIM RICKARDS/PAM AND RUSS MARTENS/ JAMES RICKARDS/ VON GREYERZ//GOLD AND SILVER COMMENTARY//BILL HOLTER:
In June the UK received a gold shipment worth $150 million dollars from Argentina. Most likely, the gold was sent by the central bank of Argentina (BCRA) to be used as collateral in the London Bullion Market.
Newspaper El País reported on July 28, 2024, that part of the official gold reserves of Argentina were transferred abroad. After rumors spread regarding the whereabouts of the Argentinian gold, Minister of Economy Luis Caputo acknowledged that gold was indeed shipped overseas. “If you have [the gold] outside the country, you can get returns,” he shared in an interview with an Argentine TV channel. According to El País President Milei hinted that the gold can be used as collateral to take out a bridge loan, which is essentially a swap.
Normally, “monetary gold” (gold owned by a central bank) is exempt from being disclosed in customs data. However, as I have pointed out in the case of the Chinese central bank buying gold in London, if bullion banks take care of shipping and insurance, the metal does show up in cross-border trade statistics.
The UK most likely imported 3 tonnes (worth $150 million dollars) from BCRA’s stock, because as far back as data from Britain’s customs department is available, the country never traded an amount of gold of any substance with Argentina prior to June. As officials have confessed that part of the Argentinian monetary gold was sent abroad in June, and for the first time ever the UK—home of the largest gold market globally—imported 3 tonnes from Argentina that month, I am confident this batch can be assigned to BCRA. Which doesn’t exclude the possibility gold was shipped to Switzerland too.
At the end of June, the Argentinian central bank reported to the International Monetary Fund (IMF) to hold the same amount of gold as the previous month. Apparently, BCRA has kept the gold swapped out on their books, which is tolerated by the IMF. The weight of gold reserves of a central bank, according to the IMF, may include, “gold deposits, and if appropriate, gold swapped.”
The 3 tonnes collateral in London is 5% of BCRA’s total reserves of 62 tonnes. There is always a risk gold abroad can be frozen, as happened most recently with 30 tonnes of Venezuela at the Bank of England. Let’s assume BCRA’s lawyers have carefully weighed all pros and cons before approving the gold to be surrendered to a bullion bank in London.
3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES
Central banks continue orderly buying of gold in anticipation of BRICs move, Maguire says
Submitted by admin on Fri, 2024-08-23 22:25 Section: Daily Dispatches
10:24p ET Friday, August 23, 2024
Dear Friend of GATA and Gold:
Central banks continue to purchase gold in an orderly way, waiting for the occasional U.S. Federal Reserve-instigated price smashes to load up in anticipation of a formal remonetization of the monetary metal by the BRICs group in October, London metals trader Andrew Maguire tells this week’s edition of Kinesis Money’s “Live from the Vault” program.
Analyzing an intricate gold price chart, Maguire shows that price dips lately have been shallow and have been bought, and he expects that to continue.
The program is 48 minutes long and can be seen at the Kinesis Money channel at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
end
India becomes a huge buyer of Peru’s gold extraction
(Reuters/GATA)
Peru’s gold exports to India set to hit record high, official says
Submitted by admin on Sat, 2024-08-24 16:27 Section: Daily Dispatches
By Rajendra Jadhav and Sherin Elizabeth Varghese Reuters Friday, August 23, 2024
Peru’s gold exports to India are set to jump 36% from a year ago to a record $3 billion in 2024, driven by rising demand from the world’s second-biggest consumer, a senior government official said today.
India’s gold imports from Peru in the first half of 2024 rose 81% from a year ago to $1.47 billion, Javier Manuel Paulinich Velarde, the Peruvian ambassador to India, told India Gold Conference.
In 2023 India became the second biggest buyer of Peru’s gold and it should invest in new gold mining projects in the South American country considering rising demand for the metal, he said.
India fulfills most of its gold demand through imports. …
4. GOLD PODCASTS//LIVE FROM THE VAULT/no XXX with/Andrew Maguire/kinesis no 187
end
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/
end
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING/FRIDAY MORNING/THURSDAY NIGHT
SHANGHAI CLOSED UP 1.15 PTS OR 0.04% //Hang Seng CLOSED UP 186.63 PTS OR 1.06% // Nikkei CLOSED DOWN 254.05 OR .66%//Australia’s all ordinaries CLOSED UP 0.76%///Chinese yuan (ONSHORE) CLOSED UP TO 7,1181 CHINESE YUAN OFFSHORE CLOSED UP TO 7.1192/ Oil UP TO 76.71 dollars per barrel for WTI and BRENT UP AT 81.00 Stocks in Europe OPENED ALL GREEN
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.1181
OFFSHORE YUAN: UP TO 7.1192
SHANGHAI CLOSED UP 1,15 PTS OR 0.04 %
HANG SENG CLOSED UP 186.63 PTS OR 1.06%
2. Nikkei closed DOWN 254,05 PTS OR .66%
3. Europe stocks SO FAR: MOSTLY MIXED
USA dollar INDEX UP TO 100.65 EURO FALLS TO 1.1172 DOWN 5 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +0.889 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 144.01…… JAPANESE YEN NOW RISING AS WE HAVE NOW REACHED THE COLLAPSING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE:UP
3f Japan is to buy INFINITE TRILLION YEN 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 YIELD UP TO +2.2535/Italian 10 Yr bond yield UP to 3.682 SPAIN 10 YR BOND YIELD UP TO 3.046%
3i Greek 10 year bond yield UP TO 3.279
3j Gold at $2521.85//Silver at: 30..05 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 59/ 100 roubles/dollar; ROUBLE AT 91.73
3m oil into the 76 dollar handle for WTI and 80 handle for Brent/
3n Higher foreign deposits moving out of China// 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 144.01/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.889 % STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.8465 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9457 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: 3.803 DOWN 1 BASIS PTS…
USA 30 YR BOND YIELD: 4.096 DOWN 1 BASIS PTS/
USA 2 YR BOND YIELD: 3.902 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 34.01…
10 YR UK BOND YIELD: 3.9140 DOWN 4 PTS
10 YR CANADA BOND YIELD: 3.076 UP 4 BASIS PTS
2a New York OPENING REPORT
Global Rally Pauses As Yields Rise On Surging Oil
MONDAY, AUG 26, 2024 – 08:07 AM
US futures edged fractionally higher to start the week with small-caps outperforming as last week’s rally, when euphoric investors bought stocks after Fed Chair Jerome Powell’s dovish tilt at Jackson Hole, fizzled. As of 8:00am ET, S&P 500 futures gained 0.1% while and Nasdaq 100 futures turned red after both indexes notched gains of more than 1% on Friday when Powell’s J-Hole speech cemented the case for an interest-rate cut next month; the debate has now shifted to the size of the cut and what that would say about the state of the economy. Pre-market, NVDA which reports earnings this week, was up about 1% leading both Mag7 and Semis higher. Bond yields reversed losses and rose 3 bps tracking the nearly 3% spike in oil after Israel launched a pre-emptive strike involving 100 warplanes on Hezbollah in Lebanon and declared a 48-hour state of emergency while Libya’s Eastern government said on Monday morning it will stop all oil production and export. The yen erased all gains after earlier rising to its strongest level since January as it took reacted to the rise in US yields; the dollar edged up while gold held near a record high. Bitcoin touched $65,000 for the first time in about three weeks. The macro data focus is on Durable/Cap Goods but NVDA earnings on Weds is the key event. Powell’s dovish Jackson Hole speech should give a tailwind to risk assets this week.
In premarket trading, Guardant Health slipped 3% after filing an open-market agreement to sell as much as $400 million in shares via Jefferies. SolarEdge Technologies gained 4% after Zvi Lando stepped down as CEO. Here are the other notable premarket movers:
Daqo New Energy (DQ) falls 4% after the polysilicon maker reported revenue for the second quarter that missed the average analyst estimate.
PDD Holdings (PDD) falls 15% after reporting weaker-than-expected sales, a sign that Temu’s growth is falling short of investors’s heightened expectations.
Xpeng ADRs (XPEV) gains 3% as the Chinese electric-car maker said its CEO He Xiaopeng had purchased 1m Class A shares of the company in the open market at an average of HK$27.13 each, in a filing to HKEX.
Positioning for lower US borrowing costs rippled through financial markets after Fed Powell said that the “time has come” to pivot to monetary easing. Traders added to bets on a half-point of rate cuts in September — but a reduction of that magnitude could signal the economy is heading for a hard landing, tempering demand for stocks.
“If you have to cut rates faster, that also suggests that the economy is doing less well,” Eleanor Taylor Jolidon, co-head of Swiss and global equities at Union Bancaire Privee, said on Bloomberg TV. “A 50 basis-point cut would be reflection of that weaker data that we saw at the end of July that did somewhat spook the market.”
Fears of escalating conflict in the Middle East prompted some haven buying after an Israeli strike on Hezbollah targets in southern Lebanon. Crude oil advanced almost 3%. The yen gained for a second day to its strongest level since January, but then started tracking rising US yields which moved in tandem with oil, and the USDJPY is now at session highs, almost 100 pips off the lows.
Europe’s Stoxx 600 index was little changed, with trading volumes less than half of the average as UK markets are closed for a holiday. Germany’s business outlook held at its lowest level since February, highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out, but some assistance may be on the way on interest rates. After first lowering borrowing costs in June, the European Central Bank has signaled another move is likely in September. Here are the biggest movers Monday:
Elia Group shares rise as much as 3.8% as Oddo upgrades the Belgian electricity firm to outperform, saying a new CEO and larger capital expenditure plan may boost the shares
Instalco falls as much as 4.6% after Kepler Cheuvreux cut its recommendation for the Swedish electrical-installations group to hold from buy, advising caution until there is proof that its end markets are recovering
Meyer Burger shares slump as much as 56% after the Swiss solar panel maker announced it will pause the construction of a solar cell plant in Colorado, which is currently not financially viable
The MSCI Asia Pacific Index advances for third day, with Hong Kong and Australia leading regional winners. Hang Seng climbs about 0.8% as tech stocks resume gains. Shanghai Composite remains broadly unchanged. Japanese stocks underperformed as the yen strengthens to below 144-handle against the dollar. Elsewhere, the People’s Bank of China left the rate on its one-year policy loans, or the medium-term lending facility, at 2.3%, after a slashing the rate by 20 basis points in July. The decision underscores Beijing’s cautious approach in supporting the economy, even as China reported a rare contraction in bank loans amid weak demand. The PBOC has been walking a fine line of stimulating growth and cooling a government-bond buying spree to limit financial risks in recent months.
In FX, the Bloomberg dollar index rose 0.1% after it slumped the most in nine months on Friday. Aussie and kiwi are at the bottom of G-10 currency scoreboard. USD/JPY rose 0.2%, paring earlier decline of 0.6% to 143.45, the lowest since Aug. 5 after Powell said the “time has come” for the Fed to lower benchmark rates from their two-decade high, his clearest signal yet that long-awaited rate cuts are imminent. One-month risk reversals in EUR/USD rallied to 38 basis points, the most bullish sentiment for the common currency since Dec. 2020
In rates, the 10-year Treasury yield reversed an earlier drop to rise 2bps to 3.812%, tracking the sharp spike in oil prices. Most euro-zone 10-year yields are higher by ~2bp on the day after Germany’s IFO business confidence index fell less than expected; UK markets are closed for a bank holiday. The Australian curve bull steepens with 3-year yield down 6bps. JGB futures remain stronger in line with Friday’s post-Powell Treasury rally. Treasury auctions ahead this week include $69b 2-year Tuesday, $70b 5-year Wednesday (a possible unscheduled reopening) and $44b 7-year Thursday
In commodities, oil surged almost 3% as the Middle East braced for escalating conflict after an Israeli strike on Hezbollah targets in southern Lebanon. Cease-fire negotiations were held in Cairo and are set to continue, AP said. Separately, Libya’s eastern-based government said it will stop all oil production and exports. Gold extended a rally above $2,500 an ounce, and was trading near all time highs of $2,525. Iron ore extended a rebound with China’s huge inventories of the material continuing to draw down, in a tentative sign that a period of severe oversupply is starting to ease.
Looking at today’s calendar, the US economic calendar includes July preliminary durable goods orders (8:30am) and August Dallas Fed manufacturing activity (10:30am). Fed speakers scheduled include San Francisco Fed President Dale (2pm)
Market Snapshot
S&P 500 futures up 0.2% to 5,662.25
STOXX Europe 600 little changed at 517.73
MXAP up 0.5% to 186.37
MXAPJ up 0.8% to 579.25
Nikkei down 0.7% to 38,110.22
Topix down 0.9% to 2,661.41
Hang Seng Index up 1.1% to 17,798.73
Shanghai Composite little changed at 2,855.52
Sensex up 0.8% to 81,769.62
Australia S&P/ASX 200 up 0.8% to 8,084.52
Kospi down 0.1% to 2,698.01
German 10Y yield little changed at 2.24%
Euro little changed at $1.1181
Brent Futures up 1.1% to $79.88/bbl
Gold spot up 0.4% to $2,523.20
US Dollar Index little changed at 100.69
Top Overnight News
Stocks paused on Monday as rising tension in the Middle East tempered the bullish sentiment sparked by the prospect of imminent Federal Reserve interest rate cuts.
Hours after 100 Israeli warplanes swooped over southern Lebanon, taking out thousands of Hezbollah missile launchers in what was called a preemptive strike, the Middle East braced for an expanded conflagration that could involve Iran and its allied militias.
Canada Industrial Relations Board (CIRB) imposed binding arbitration on Teamsters Union, CN, and CPKC railways, according to Teamsters cited by Reuters. Canada Industrial Relations Board halts work stoppages at CN and CP railways.
Canada Labour Minister Mackinnon said the CIRB has issued a decision to impose final and binding arbitration in negotiations between CN Rail, CPKC, and Teamsters Canada Rail Conference, and he expects that railway companies and employees will resume at the earliest opportunity, according to a post on X.
Canadian National Railway said it had received an order from CIRB imposing binding arbitration between the company and Teamsters Canada Rail Conference. This means that the strike notice recently issued to CN by the Teamsters is now voided. CN Rail added that CIRB has also ordered that no further labour stoppage, including lockout or strike, can occur during the arbitration process, and will comply with the order, which also extends the current collective agreement until a new agreement is signed between the parties.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks kicked off the week mixed following the gains on Wall Street after Fed Chair Powell’s dovish pivot, whilst the weekend was packed with geopolitics in which the heavy fires between Israel and Hezbollah resulted in no civilian casualties, but both sides expressed no appetite for further escalation. ASX 200 traded firm with the index underpinned by Real Estate, Tech, and Energy, although further upside was limited by the losses in Healthcare – the underperforming sector. Nikkei 225 was pressured by the recent JPY strength following the Fed Chair’s dovish comments after the BoJ Governor’s hawkish remarks on Friday, in which Powell’s speech ultimately resulted in a weaker Dollar and lower US bond yields. Auto stocks fell with Yamaha Motors sliding after reports Yamaha Corp was to sell a 1.7% stake in Yamaha Motors. Hang Seng and Shanghai Comp. were mixed with Hong Kong bolstered by its Real Estate sector, whilst the mainland was subdued in a tight range after the PBoC conducted its delayed MLF with a maintained rate at 2.30%. US equity futures were mostly subdued at the resumption of trade with contracts taking a breather after Friday’s Powell-induced gains. Ultimately, price action was flat and horizontal overnight. (ES -0.1%)
Top Asian News
PBoC Governor Pan said financial risks in key areas are being resolved in an orderly manner and added the government will encourage financial institutions to increase support for weak links or in key areas, according to Bloomberg.
PBoC injected CNY 300bln via 1-year MLF at a maintained rate of 2.30% (delayed MLF).
PBoC injected CNY 471bln via 7-day Reverse Repo at a maintained rate of 1.70%.
Japanese former Defence Minister Shigeru Ishiba says he will run in the ruling LDP leadership race on September 27th, according to Reuters.
IMF Chief Economist said there is scope for the BoJ to further normalize monetary policy, raising interest rates gradually for some time, according to Reuters.
European bourses have kicked the week off with marginal losses, Euro Stoxx 50 -0.1%. Sectors are mixed with no overarching theme; Tech is the incremental laggard as we count down to Nvidia numbers later in the week. DAX 40 -0.2% is the incremental laggard; German Ifo release was better-than-feared but was a poor set of data and keeps stagnation/recessionary talk alive. Stateside, futures are a touch higher with specifics light as participants digest Jackson Hole and prepare for NVDA and PCE this week before Payrolls next week, ES +0.2% & NQ +0.2%.
Top European News
ECB’s Chief Economist Lane said the return to the 2% inflation target is not yet secure. “The monetary stance will have to remain in restrictive territory for as long as needed to shepherd the disinflation process towards a timely return to the target”, Lane said. Lane also warned that keeping rates high for too low could deliver below-target inflation.
Riksbank Minutes: Overall, the minutes highlight that while a 50bps move was considered/discussed the preference among the board was for 25bps with various factors as to why a larger magnitude would not be appropriate. However, the language makes clear that nothing is ruled out ahead and the preference from the governor is for a cut to occur at each meeting in H2 (in-line with the most dovish end of the new verbal guidance from August). Full details on the headline feed
FX
DXY flat after what was a bruising week for the Dollar last week, picked up off the overnight 100.52 base but is yet to make any real traction into the green.
EUR and GBP both a touch softer; no real follow through from Ifo while the UK is away for a Bank Holiday with specifics light thus far. Single currency back below 1.12 after failing to hold onto the handle overnight.
Havens outperform given the weekend’s geopolitical escalation while CitiFX month-end model points to USD selling with the strongest signal vs the JPY; USD/JPY sub-144.00.
Antipodeans softer given the risk tone and after strong performance last week.
PBoC set USD/CNY mid-point at 7.1139 vs exp. 7.1132 (prev. 7.1358)
Brazil’s Central Bank Chief Neto said recent volatility may show the market is pricing less room for fiscal and monetary intervention in the future, according to Reuters.
Fixed Income
Bunds in the red after only a fleeting haven bid on overnight geopols. Complex came under some modest pressure after a better-than-feared German Ifo release, but one that still points to significant pressure in the bloc’s largest economy.
At session lows of 134.24 but yet to test Thursday’s base at 134.11 with Friday’s at 134.07 before the figure.
OATs await details from the meeting between President Macron and other political leaders, following on from his meeting with NFP PM candidate Castets on Friday.
USTs are essentially flat with specifics light as the benchmarks has already reacted to Jackson Hole with attention now on upcoming inflation and jobs numbers. Holding at the low end of 113-22 to 113-30 parameters, support some way off at Friday’s 113-08+ base.
Commodities
Crude benchmarks at session highs of 75.83/bbl and USD 80.02/bbl for WTI and Brent respectively, upside driven by the weekend’s geopolitical escalation.
As it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next steps.
Spot gold also supported and lifting further above the USD 2500/oz mark but yet to test the USD 2531/oz ATH from last week.
Base metals firmer, supported by the initially constructive overnight tone and now awaiting fresh macro drivers in somewhat light trade; reminder, UK Bank Holiday means no LME trade.
Russia’s (441k BPD) Omsk oil refinery has reported a fire, which has been brought under control; plant is working as usual
Geopolitics: Middle East
Lebanon’s Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Meanwhile, Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack. The event was framed as one of the biggest clashes in more than 10 months. Three deaths were confirmed in Lebanon and one death in Israel, both sides indicated appetite to avoid further escalation, but warned that there could be more strikes to come, according to Reuters.
Hezbollah said it completed the ‘first phase’ of its response to Israel’s killing of a top commander last month and hit 11 Israeli military sites on Sunday, firing more than 320 Katyusha rockets, according to Reuters. Hezbollah said it began the attack on Israel with a large number of drones in response to the top commander’s killing in a Beirut suburb last month, and it will take “some time” to complete its response to the top commander’s killing.
Israeli PM Netanyahu said the military intercepted all the drones that Hezbollah launched at a strategic target in central Israel, and the attacks are ‘not the end of the story.’ Netanyahu added that the country has taken the first step towards returning its residents in the north safely to their homes, according to Reuters.
Hezbollah leader Nasrallah said the group will assess the impact of Sunday’s operation; if results are not seen to be enough, “we will respond another time”. The Group said its military operation was completed as planned, with precision, and decided not to respond to the killing of a top commander by targeting civilian areas. Response was delayed for several reasons, including mass Israeli and US military mobilization. Hezbollah said it wanted to target military sites close to Tel Aviv, and targeted a military intelligence base 110 km into Israeli territory, 1.5 km away from Tel Aviv. The group said for the first time, it sent drones to Israel from the Bekaa region, while the group said it had no intention to use precision missiles today, but may use them in the near future.
Israel’s Foreign Minister said Israel does not seek a full-scale war but will act according to developments on the ground, according to Reuters.
Gaza talks in Cairo ended without agreement, according to Reuters citing Egyptian sources. “Axios quotes US official: Gaza talks will continue in the coming days through working groups to address issues and remaining details”, reported by Sky News Arabia.
White House National Security Adviser Sullivan says they are still working in Cairo towards a ceasefire deal, according to Reuters.
Hamas’ armed wing said it fired a rocket at Tel Aviv, according to Reuters.
Jordan warned the escalation in Lebanon and its ‘dangerous repercussions’ could lead to regional war, according to Reuters.
On Sunday, Hamas said that it rejects the new Israeli conditions put forward in the Gaza ceasefire talk, according to Reuters.
Iranian Foreign Minister said Iran is “not afraid of escalation, but we do not seek it, unlike Israel”, according to Al Jazeera, adding that their retaliation “will be decisive and well calculated”.
Yemen’s Defence Minister said Yemen is ready to inflict painful blows on Israel, according to IRNA.
Geopolitics: Ukraine
Ukrainian President Zelenskiy said negotiations are ongoing with Saudi Arabia, Qatar, Turkey, and Switzerland about a second summit on peace, according to Reuters. He added Ukraine’s operation in Russia’s Kursk region is difficult but he views its progress positively.
Russia and Ukraine exchange 115 prisoners each, according to RIA. Russia said Ukraine has returned servicemen captured in the Kursk region.
Ukraine’s military says Ukraine air defence systems in Kyiv region engaged in repelling Russian air attack, according to Reuters.
Ukraine said Belarus massing troops at the border under a pretext of drills, and warned of “unfriendly moves”, according to Walla’s Elster.
Russian Kremlin says there have been no ceasefire discussions with Ukraine; topic of negotiations has “pretty much lost its relevance”.
Geopolitics: South China Sea
Philippines’ South China Sea Task Force said Chinese Coast Guard vessels ‘made close perilous manoeuvres that resulted in ramming’ and deployed water cannons against Manila’s fisheries vessel, leading to engine failure, and added that fisheries vessel was ‘targeted by People’s Liberation Army Navy ship and multiple China Coast Guard ships’ to block the mission.
China says it ‘took control measures’ towards the Philippine vessel near the Sabina Shoal, and added that Philippine’s vessel ‘illegally’ entered waters near Sabina Shoal in the South China Sea. China said the Philippine vessel has been continuously approaching Chinese Coast Guard ships in a dangerous manner, according to Reuters.
Philippines South China Sea Task Force said a Chinese fighter jet ‘engaged in irresponsible and dangerous manoeuvres, deploying flares multiple times at a dangerously close distance’, according to Reuters.
Geopolitics: US-China
Chinese Commerce Ministry said it strongly opposes the US adding Chinese entities to the export control list over Russia-related issues, and the action disrupts international trade order and hinders normal economic exchanges. Commerce Ministry said it will take necessary measures to resolutely safeguard the legitimate rights of Chinese companies.
Geopolitics: Other
Chinese President Xi is to visit Russia in October, according to RIA citing the Chinese envoy.
North Korea said it will continue to strengthen strategic power to control security challenges posed by the reorientation of US nuclear strategy, according to KCNA.
China’s military said it conducted armed patrols and air-ground joint police patrols near China-Myanmar borders, according to a statement.
Taiwan Defence Ministry says in the past 24 hours, 12 Chinese military aircraft were detected operating around Taiwan (vs 12 in the prior 24 hours), according to Reuters.
US Event calendar
08:30: July Durable Goods Orders, est. 4.9%, prior -6.7%
July Durables Less Transportation, est. 0%, prior 0.4%
July Cap Goods Orders Nondef Ex Air, est. 0.1%, prior 0.9%
July Cap Goods Ship Nondef Ex Air, est. 0.2%, prior 0.2%
10:30: Aug. Dallas Fed Manf. Activity, est. -16.0, prior -17.5
Central Bank speakers
14:00: Fed’s Daly on BTV
2B) European report
Geopols in focus with macro newsflow elsewhere light into a busy week with NVDA & PCE – Newsquawk US Market Open
Monday, Aug 26, 2024 – 06:11 AM
Modest downside for European bourses while US futures pick up into a week headlined by NVDA & PCE
Weekend newsflow dominated by geopols; as it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next steps
Action which has underpinned crude, haven-FX and XAU. USTs largely unreactive while EGBs came under pressure on a better-than-feared Ifo
The event between Hezbollah and Israel was framed as one of the biggest clashes in more than 10 months, elsewhere Gaza talks in Cairo ended without agreement
Looking ahead, highlights include US Durable Goods, UK Bank Holiday (market holiday) and Earnings from PDD.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
EUROPEAN TRADE
EQUITIES
European bourses have kicked the week off with marginal losses, Euro Stoxx 50 -0.1%.
Sectors are mixed with no overarching theme; Tech is the incremental laggard as we count down to Nvidia numbers later in the week.
DAX 40 -0.2% is the incremental laggard; German Ifo release was better-than-feared but was a poor set of data and keeps stagnation/recessionary talk alive.
Stateside, futures are a touch higher with specifics light as participants digest Jackson Hole and prepare for NVDA and PCE this week before Payrolls next week, ES +0.2% & NQ +0.2%.
DXY flat after what was a bruising week for the Dollar last week, picked up off the overnight 100.52 base but is yet to make any real traction into the green.
EUR and GBP both a touch softer; no real follow through from Ifo while the UK is away for a Bank Holiday with specifics light thus far. Single currency back below 1.12 after failing to hold onto the handle overnight.
Havens outperform given the weekend’s geopolitical escalation while CitiFX month-end model points to USD selling with the strongest signal vs the JPY; USD/JPY sub-144.00.
Antipodeans softer given the risk tone and after strong performance last week.
PBoC set USD/CNY mid-point at 7.1139 vs exp. 7.1132 (prev. 7.1358)
Brazil’s Central Bank Chief Neto said recent volatility may show the market is pricing less room for fiscal and monetary intervention in the future, according to Reuters.
Bunds in the red after only a fleeting haven bid on overnight geopols. Complex came under some modest pressure after a better-than-feared German Ifo release, but one that still points to significant pressure in the bloc’s largest economy.
At session lows of 134.24 but yet to test Thursday’s base at 134.11 with Friday’s at 134.07 before the figure.
OATs await details from the meeting between President Macron and other political leaders, following on from his meeting with NFP PM candidate Castets on Friday.
USTs are essentially flat with specifics light as the benchmarks has already reacted to Jackson Hole with attention now on upcoming inflation and jobs numbers. Holding at the low end of 113-22 to 113-30 parameters, support some way off at Friday’s 113-08+ base.
Crude benchmarks at session highs of 75.83/bbl and USD 80.02/bbl for WTI and Brent respectively, upside driven by the weekend’s geopolitical escalation.
As it stands, we are awaiting any fresh details from Hezbollah and/or Israel on their next steps.
Spot gold also supported and lifting further above the USD 2500/oz mark but yet to test the USD 2531/oz ATH from last week.
Base metals firmer, supported by the initially constructive overnight tone and now awaiting fresh macro drivers in somewhat light trade; reminder, UK Bank Holiday means no LME trade.
Russia’s (441k BPD) Omsk oil refinery has reported a fire, which has been brought under control; plant is working as usual
German Ifo Business Climate New (Aug) 86.6 vs. Exp. 86.0 (Prev. 87.0); Current Conditions 86.5 vs. Exp. 86.5 (Prev. 87.1); Expectations 86.8 vs. Exp. 86.5 (Prev. 86.9, Rev. 87.0)
NOTABLE EUROPEAN HEADLINES
ECB’s Chief Economist Lane said the return to the 2% inflation target is not yet secure. “The monetary stance will have to remain in restrictive territory for as long as needed to shepherd the disinflation process towards a timely return to the target”, Lane said. Lane also warned that keeping rates high for too low could deliver below-target inflation.
Riksbank Minutes: Overall, the minutes highlight that while a 50bps move was considered/discussed the preference among the board was for 25bps with various factors as to why a larger magnitude would not be appropriate. However, the language makes clear that nothing is ruled out ahead and the preference from the governor is for a cut to occur at each meeting in H2 (in-line with the most dovish end of the new verbal guidance from August). Full details on the headline feed
NOTABLE US HEADLINES
Canada Industrial Relations Board (CIRB) imposed binding arbitration on Teamsters Union, CN, and CPKC railways, according to Teamsters cited by Reuters. Canada Industrial Relations Board halts work stoppages at CN and CP railways.
Canada Labour Minister Mackinnon said the CIRB has issued a decision to impose final and binding arbitration in negotiations between CN Rail, CPKC, and Teamsters Canada Rail Conference, and he expects that railway companies and employees will resume at the earliest opportunity, according to a post on X.
Canadian National Railway said it had received an order from CIRB imposing binding arbitration between the company and Teamsters Canada Rail Conference. This means that the strike notice recently issued to CN by the Teamsters is now voided. CN Rail added that CIRB has also ordered that no further labour stoppage, including lockout or strike, can occur during the arbitration process, and will comply with the order, which also extends the current collective agreement until a new agreement is signed between the parties.
GEOPOLITICS
MIDDLE EAST
Lebanon’s Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Meanwhile, Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack. The event was framed as one of the biggest clashes in more than 10 months. Three deaths were confirmed in Lebanon and one death in Israel, both sides indicated appetite to avoid further escalation, but warned that there could be more strikes to come, according to Reuters.
Hezbollah said it completed the ‘first phase’ of its response to Israel’s killing of a top commander last month and hit 11 Israeli military sites on Sunday, firing more than 320 Katyusha rockets, according to Reuters. Hezbollah said it began the attack on Israel with a large number of drones in response to the top commander’s killing in a Beirut suburb last month, and it will take “some time” to complete its response to the top commander’s killing.
Israeli PM Netanyahu said the military intercepted all the drones that Hezbollah launched at a strategic target in central Israel, and the attacks are ‘not the end of the story.’ Netanyahu added that the country has taken the first step towards returning its residents in the north safely to their homes, according to Reuters.
Hezbollah leader Nasrallah said the group will assess the impact of Sunday’s operation; if results are not seen to be enough, “we will respond another time”. The Group said its military operation was completed as planned, with precision, and decided not to respond to the killing of a top commander by targeting civilian areas. Response was delayed for several reasons, including mass Israeli and US military mobilization. Hezbollah said it wanted to target military sites close to Tel Aviv, and targeted a military intelligence base 110 km into Israeli territory, 1.5 km away from Tel Aviv. The group said for the first time, it sent drones to Israel from the Bekaa region, while the group said it had no intention to use precision missiles today, but may use them in the near future.
Israel’s Foreign Minister said Israel does not seek a full-scale war but will act according to developments on the ground, according to Reuters.
Gaza talks in Cairo ended without agreement, according to Reuters citing Egyptian sources. “Axios quotes US official: Gaza talks will continue in the coming days through working groups to address issues and remaining details”, reported by Sky News Arabia.
White House National Security Adviser Sullivan says they are still working in Cairo towards a ceasefire deal, according to Reuters.
Hamas’ armed wing said it fired a rocket at Tel Aviv, according to Reuters.
Jordan warned the escalation in Lebanon and its ‘dangerous repercussions’ could lead to regional war, according to Reuters.
On Sunday, Hamas said that it rejects the new Israeli conditions put forward in the Gaza ceasefire talk, according to Reuters.
Iranian Foreign Minister said Iran is “not afraid of escalation, but we do not seek it, unlike Israel”, according to Al Jazeera, adding that their retaliation “will be decisive and well calculated”.
Yemen’s Defence Minister said Yemen is ready to inflict painful blows on Israel, according to IRNA.
RUSSIA-UKRAINE
Ukrainian President Zelenskiy said negotiations are ongoing with Saudi Arabia, Qatar, Turkey, and Switzerland about a second summit on peace, according to Reuters. He added Ukraine’s operation in Russia’s Kursk region is difficult but he views its progress positively.
Russia and Ukraine exchange 115 prisoners each, according to RIA. Russia said Ukraine has returned servicemen captured in the Kursk region.
Ukraine’s military says Ukraine air defence systems in Kyiv region engaged in repelling Russian air attack, according to Reuters.
Ukraine said Belarus massing troops at the border under a pretext of drills, and warned of “unfriendly moves”, according to Walla’s Elster.
Russian Kremlin says there have been no ceasefire discussions with Ukraine; topic of negotiations has “pretty much lost its relevance”.
SOUTH CHINA SEA
Philippines’ South China Sea Task Force said Chinese Coast Guard vessels ‘made close perilous manoeuvres that resulted in ramming’ and deployed water cannons against Manila’s fisheries vessel, leading to engine failure, and added that fisheries vessel was ‘targeted by People’s Liberation Army Navy ship and multiple China Coast Guard ships’ to block the mission.
China says it ‘took control measures’ towards the Philippine vessel near the Sabina Shoal, and added that Philippine’s vessel ‘illegally’ entered waters near Sabina Shoal in the South China Sea. China said the Philippine vessel has been continuously approaching Chinese Coast Guard ships in a dangerous manner, according to Reuters.
Philippines South China Sea Task Force said a Chinese fighter jet ‘engaged in irresponsible and dangerous manoeuvres, deploying flares multiple times at a dangerously close distance’, according to Reuters.
US-CHINA
Chinese Commerce Ministry said it strongly opposes the US adding Chinese entities to the export control list over Russia-related issues, and the action disrupts international trade order and hinders normal economic exchanges. Commerce Ministry said it will take necessary measures to resolutely safeguard the legitimate rights of Chinese companies.
OTHER
Chinese President Xi is to visit Russia in October, according to RIA citing the Chinese envoy.
North Korea said it will continue to strengthen strategic power to control security challenges posed by the reorientation of US nuclear strategy, according to KCNA.
China’s military said it conducted armed patrols and air-ground joint police patrols near China-Myanmar borders, according to a statement.
Taiwan Defence Ministry says in the past 24 hours, 12 Chinese military aircraft were detected operating around Taiwan (vs 12 in the prior 24 hours), according to Reuters.
CRYPTO
Under modest pressure but overall relatively contained in limited newsflow during European hours at least. Bitcoin holds just above the USD 63.5k mark, having faded from USD 64.4k best overnight.
APAC TRADE
APAC stocks kicked off the week mixed following the gains on Wall Street after Fed Chair Powell’s dovish pivot, whilst the weekend was packed with geopolitics in which the heavy fires between Israel and Hezbollah resulted in no civilian casualties, but both sides expressed no appetite for further escalation.
ASX 200 traded firm with the index underpinned by Real Estate, Tech, and Energy, although further upside was limited by the losses in Healthcare – the underperforming sector.
Nikkei 225 was pressured by the recent JPY strength following the Fed Chair’s dovish comments after the BoJ Governor’s hawkish remarks on Friday, in which Powell’s speech ultimately resulted in a weaker Dollar and lower US bond yields. Auto stocks fell with Yamaha Motors sliding after reports Yamaha Corp was to sell a 1.7% stake in Yamaha Motors.
Hang Seng and Shanghai Comp. were mixed with Hong Kong bolstered by its Real Estate sector, whilst the mainland was subdued in a tight range after the PBoC conducted its delayed MLF with a maintained rate at 2.30%.
US equity futures were mostly subdued at the resumption of trade with contracts taking a breather after Friday’s Powell-induced gains. Ultimately, price action was flat and horizontal overnight. (ES -0.1%)
NOTABLE ASIA-PAC HEADLINES
PBoC Governor Pan said financial risks in key areas are being resolved in an orderly manner and added the government will encourage financial institutions to increase support for weak links or in key areas, according to Bloomberg.
PBoC injected CNY 300bln via 1-year MLF at a maintained rate of 2.30% (delayed MLF).
PBoC injected CNY 471bln via 7-day Reverse Repo at a maintained rate of 1.70%.
Japanese former Defence Minister Shigeru Ishiba says he will run in the ruling LDP leadership race on September 27th, according to Reuters.
IMF Chief Economist said there is scope for the BoJ to further normalize monetary policy, raising interest rates gradually for some time, according to Reuters.
2C) ASIAN REPORT
Hezbollah and Israel escalation in focus, Cairo talks ended – Newsquawk Europe Market Open
Monday, Aug 26, 2024 – 01:36 AM
APAC stocks kicked off the week mixed following the state-side gains on Wall Street after Fed Chair Powell’s dovish pivot, whilst the weekend was packed with geopolitics.
Lebanon’s Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack; Gaza talks in Cairo ended without agreement but negotiations continue.
DXY is steady on a 100 handle, EUR/USD briefly traded on a 1.12 level, Cable has slipped back below 1.32, JPY leads the majors.
European equity futures are indicative of a subdued open with the Euro Stoxx 50 future -0.3% after cash closed +0.5% on Friday.
Looking ahead, highlights include German Ifo, US Durable Goods, UK Bank Holiday (market holiday), Supply from the EU, and Earnings from PDD.
2. Listen to this report in the market open podcast (available on Apple and Spotify)
3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days
US TRADE
EQUITIES
US stocks and Treasuries were firmer on Friday while the Dollar saw weakness after Fed Chair Powell completed his dovish pivot at the Jackson Hole Symposium.
All sectors closed in the green with Real Estate and Consumer Discretionary sitting at the top of the pile whilst Consumer Staples and Utilities lagged – albeit still with modest gains.
Key risk events this week include NVIDIA earnings (Wednesday) and US PCE (Friday).
SPX +1.15% at 5,635, NDX +1.17% at 19,721, DJIA +1.14% at 41,175, RUT +3.19% at 2,219
Fed’s Goolsbee (2025, Voter) supports the Fed’s new focus on the job market and inflation is on a path to 2%, according to CNBC. He said policy is now at its tightest point of the entire hike cycle. He added the Fed forecasts show widespread support for rate cuts, and the current Fed funds rate is set for different economic conditions. He wants to be careful about the employment side of the mandate and noted that by almost all measures the job market is cooling. Goolsbee does not like to offer firm guidance about Fed rate decisions and he does not think inflation will get stuck above 2%. He tries to resist committing himself on monetary policy, and historically rate cutting has been a process. He wants to hit the golden path of 2% inflation without a recession. Goolsbee reiterated Powell’s rate comments were clear and definitive, according to Fox Business, and said there is every reason to think Fed forecasts of rate cuts will happen, while he has gotten warning signs of the job market. Goolsbee also reiterated the comments on Bloomberg TV.
WSJ’s Timiraos posted on X, “While Powell was forceful in laying out the Fed’s goals, he offered no specifics about the precise way officials will deliver them to retain maximum discretion”. “He entirely avoided certain coded words like ‘gradual’ and ‘methodical’ that some colleagues in recent days had used to describe their expectation for a series of traditional quarter-point rate cuts. In doing so, Powell’s silence kept the door open to larger rate cuts if the labour market shows signs of greater weakness in the weeks ahead.”
Canada Industrial Relations Board (CIRB) imposed binding arbitration on Teamsters Union, CN, and CPKC railways, according to Teamsters cited by Reuters. Canada Industrial Relations Board halts work stoppages at CN and CP railways.
Canada Labour Minister Mackinnon said the CIRB has issued a decision to impose final and binding arbitration in negotiations between CN Rail, CPKC, and Teamsters Canada Rail Conference, and he expects that railway companies and employees will resume at the earliest opportunity, according to a post on X.
Canadian National Railway said it had received an order from CIRB imposing binding arbitration between the company and Teamsters Canada Rail Conference. This means that the strike notice recently issued to CN by the Teamsters is now voided. CN Rail added that CIRB has also ordered that no further labour stoppage, including lockout or strike, can occur during the arbitration process, and will comply with the order, which also extends the current collective agreement until a new agreement is signed between the parties.
Independent White House candidate Robert F Kennedy Jr has joined the Republican nominee Trump after dropping out of the race and endorsing the former US president, according to the BBC.
APAC TRADE
EQUITIES
APAC stocks kicked off the week mixed following the gains on Wall Street after Fed Chair Powell’s dovish pivot, whilst the weekend was packed with geopolitics in which the heavy fires between Israel and Hezbollah resulted in no civilian casualties, but both sides expressed no appetite for further escalation.
ASX 200 traded firm with the index underpinned by Real Estate, Tech, and Energy, although further upside was limited by the losses in Healthcare – the underperforming sector.
Nikkei 225 was pressured by the recent JPY strength following the Fed Chair’s dovish comments after the BoJ Governor’s hawkish remarks on Friday, in which Powell’s speech ultimately resulted in a weaker Dollar and lower US bond yields. Auto stocks fell with Yamaha Motors sliding after reports Yamaha Corp was to sell a 1.7% stake in Yamaha Motors.
Hang Seng and Shanghai Comp. were mixed with Hong Kong bolstered by its Real Estate sector, whilst the mainland was subdued in a tight range after the PBoC conducted its delayed MLF with a maintained rate at 2.30%.
US equity futures were mostly subdued at the resumption of trade with contracts taking a breather after Friday’s Powell-induced gains. Ultimately, price action was flat and horizontal overnight. (ES -0.1%)
European equity futures are indicative of a subdued open with the Euro Stoxx 50 future -0.4% after cash closed +0.5% on Friday.
FX
DXY was caged within a narrow APAC range thus far after falling from a 101.55 high on Friday (vs 100.60 low) on the back of Fed Chair Powell’s dovish pivot. DXY traded in a 100.53-72 APAC range with the next low to the downside at 100.01 (20th Jul 2023 low).
EUR/USD was moving in tandem with the Dollar and contained within 1.1183-1.1201 parameters after printing a 1.1104-1.1200 range on Friday. The next level to the upside at 1.1228 (20th Jul 2023 high).
GBP/USD was uneventful with UK participants away on Monday amid the Bank Holiday. GBP/USD was in a 1.3200-22 range (vs Friday’s 1.3082-1.3230 parameter).
JPY was narrowly outperforming in the G10 space as players reacted to the fallout from Fed Chair Powell. Traders are also cognizant of the difference in tone between BoJ Governor Ueda on Friday (hawkish) and Fed Chair Powell (dovish). USD/JPY dipped under 144.00 to trade in a 143.46-144.34 range.
Antipodeans traded modestly softer overnight but consolidating following Friday’s rise fuelled by the Fed Chair.
PBoC set USD/CNY mid-point at 7.1139 vs exp. 7.1132 (prev. 7.1358)
Brazil’s Central Bank Chief Neto said recent volatility may show the market is pricing less room for fiscal and monetary intervention in the future, according to Reuters.
FIXED INCOME
10-year UST futures inched higher in early APAC hours as the region reacted to Friday’s dovish pivot by Fed Chair Powell. Sep’24 futures traded in a 113’22+ to 113’30 APAC range, with the next upside level at 114’01 (21st Aug high).
10-year Bund futures faded earlier modest gains after gapping higher at the open (at 134.62 vs Friday’s 134.46 close) as the contract caught up to the late gains in USTs on Friday. Traders look ahead to German Ifo.
10-year JGB futures were firmer in tandem with their US counterparts with the contract within a 144.54-87 band (vs Friday’s 144.55-92 range).
COMMODITIES
Crude futures were modestly firmer following a weekend of geopolitics which saw a heavy exchange of fire between Israel and Lebanon’s Hezbollah, although no civilian casualties were reported and both sides signalled no appetite for escalation. The event was framed as one of the biggest clashes between the two sides in more than 10 months. Brent Oct’24 gapped up to USD 79.35/bbl (vs Friday’s 78.98/bbl close), and prices traded on either side of USD 79.50/bbl for most of the APAC session.
Spot gold saw mild initial upside following the modest escalation in geopolitics over the weekend coupled with a Dollar that remains subdued post-Powell. Spot gold saw an APAC range between 2,510.77-2,516.91/oz.
Base metals were mostly and modestly firmer as Asia-Pac reacted to Fed Chair Powell’s speech on Friday, whilst over the weekend PBoC Governor Pan said financial risks in key areas are being resolved in an orderly manner, according to Bloomberg. As a reminder, LME is closed today due to the UK Bank Holiday.
CRYPTO
Bitcoin traded on either side of USD 64k following a weekend of rangebound trade, although Bitcoin found support near its 100 DMA (63,785) on some charts.
NOTABLE ASIA-PAC HEADLINES
PBoC Governor Pan said financial risks in key areas are being resolved in an orderly manner and added the government will encourage financial institutions to increase support for weak links or in key areas, according to Bloomberg.
PBoC injected CNY 300bln via 1-year MLF at a maintained rate of 2.30% (delayed MLF).
PBoC injected CNY 471bln via 7-day Reverse Repo at a maintained rate of 1.70%.
Japanese former Defence Minister Shigeru Ishiba says he will run in the ruling LDP leadership race on September 27th, according to Reuters.
IMF Chief Economist said there is scope for the BoJ to further normalize monetary policy, raising interest rates gradually for some time, according to Reuters.
DATA RECAP
GEOPOLITICAL
MIDDLE EAST
Lebanon’s Hezbollah launched hundreds of rockets and drones at Israel early on Sunday. Meanwhile, Israel’s military said it struck Lebanon with around 100 jets to thwart a larger attack. The event was framed as one of the biggest clashes in more than 10 months. Three deaths were confirmed in Lebanon and one death in Israel, both sides indicated appetite to avoid further escalation, but warned that there could be more strikes to come, according to Reuters.
Hezbollah said it completed the ‘first phase’ of its response to Israel’s killing of a top commander last month and hit 11 Israeli military sites on Sunday, firing more than 320 Katyusha rockets, according to Reuters. Hezbollah said it began the attack on Israel with a large number of drones in response to the top commander’s killing in a Beirut suburb last month, and it will take “some time” to complete its response to the top commander’s killing.
Israeli PM Netanyahu said the military intercepted all the drones that Hezbollah launched at a strategic target in central Israel, and the attacks are ‘not the end of the story.’ Netanyahu added that the country has taken the first step towards returning its residents in the north safely to their homes, according to Reuters.
Hezbollah leader Nasrallah said the group will assess the impact of Sunday’s operation; if results are not seen to be enough, “we will respond another time”. The Group said its military operation was completed as planned, with precision, and decided not to respond to the killing of a top commander by targeting civilian areas. Response was delayed for several reasons, including mass Israeli and US military mobilization. Hezbollah said it wanted to target military sites close to Tel Aviv, and targeted a military intelligence base 110 km into Israeli territory, 1.5 km away from Tel Aviv. The group said for the first time, it sent drones to Israel from the Bekaa region, while the group said it had no intention to use precision missiles today, but may use them in the near future.
Israel’s Foreign Minister said Israel does not seek a full-scale war but will act according to developments on the ground, according to Reuters.
Gaza talks in Cairo ended without agreement, according to Reuters citing Egyptian sources. “Axios quotes US official: Gaza talks will continue in the coming days through working groups to address issues and remaining details”, reported by Sky News Arabia.
White House National Security Adviser Sullivan says they are still working in Cairo towards a ceasefire deal, according to Reuters.
Hamas’ armed wing said it fired a rocket at Tel Aviv, according to Reuters.
Jordan warned the escalation in Lebanon and its ‘dangerous repercussions’ could lead to regional war, according to Reuters.
US President Biden asked Israeli PM Netanyahu to pull Israeli troops from part of the Egypt-Gaza border, according to Axios.
On Sunday, Hamas said that it rejects the new Israeli conditions put forward in the Gaza ceasefire talk, according to Reuters.
Iranian Foreign Minister said Iran is “not afraid of escalation, but we do not seek it, unlike Israel”, according to Al Jazeera, adding that their retaliation “will be decisive and well calculated”.
Yemen’s Defence Minister said Yemen is ready to inflict painful blows on Israel, according to IRNA.
RUSSIA-UKRAINE
Ukrainian President Zelenskiy said negotiations are ongoing with Saudi Arabia, Qatar, Turkey, and Switzerland about a second summit on peace, according to Reuters. He added Ukraine’s operation in Russia’s Kursk region is difficult but he views its progress positively.
Russia and Ukraine exchange 115 prisoners each, according to RIA. Russia said Ukraine has returned servicemen captured in the Kursk region.
Ukraine’s military says Ukraine air defence systems in Kyiv region engaged in repelling Russian air attack, according to Reuters.
Ukraine said Belarus massing troops at the border under a pretext of drills, and warned of “unfriendly moves”, according to Walla’s Elster.
SOUTH CHINA SEA
Philippines’ South China Sea Task Force said Chinese Coast Guard vessels ‘made close perilous manoeuvres that resulted in ramming’ and deployed water cannons against Manila’s fisheries vessel, leading to engine failure, and added that fisheries vessel was ‘targeted by People’s Liberation Army Navy ship and multiple China Coast Guard ships’ to block the mission.
China says it ‘took control measures’ towards the Philippine vessel near the Sabina Shoal, and added that Philippine’s vessel ‘illegally’ entered waters near Sabina Shoal in the South China Sea. China said the Philippine vessel has been continuously approaching Chinese Coast Guard ships in a dangerous manner, according to Reuters.
Philippines South China Sea Task Force said a Chinese fighter jet ‘engaged in irresponsible and dangerous manoeuvres, deploying flares multiple times at a dangerously close distance’, according to Reuters.
US-CHINA
Chinese Commerce Ministry said it strongly opposes the US adding Chinese entities to the export control list over Russia-related issues, and the action disrupts international trade order and hinders normal economic exchanges. Commerce Ministry said it will take necessary measures to resolutely safeguard the legitimate rights of Chinese companies.
OTHER
Chinese President Xi is to visit Russia in October, according to RIA citing the Chinese envoy.
North Korea said it will continue to strengthen strategic power to control security challenges posed by the reorientation of US nuclear strategy, according to KCNA.
China’s military said it conducted armed patrols and air-ground joint police patrols near China-Myanmar borders, according to a statement.
Taiwan Defence Ministry says in the past 24 hours, 12 Chinese military aircraft were detected operating around Taiwan (vs 12 in the prior 24 hours), according to Reuters.
EU/UK
NOTABLE HEADLINES
ECB’s Chief Economist Lane said the return to the 2% inflation target is not yet secure. “The monetary stance will have to remain in restrictive territory for as long as needed to shepherd the disinflation process towards a timely return to the target”, Lane said. Lane also warned that keeping rates high for too low could deliver below-target inflation.
ECB’s Rehn said disinflation and weak economy support a September cut; downtrend in inflation is on track, via Bloomberg TV. He said they have to be open to what rate decision they do, and do not want to commit themselves to what they do at this stage when asked about a 50bps cut. Rehn highlighted data-dependency and said the Euro has an indirect effect and doesn’t target the FX rate.
2D JAPAN
3 CHINA
CHINA
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
GERMANY
Several people dead, wounded in stabbing attack in Solingen, Germany
Local police said they were not yet able to comment and it is unclear whether the background of the attack was criminal or terrorism.
By REUTERS, JERUSALEM POST STAFFAUGUST 24, 2024 00:12Updated: AUGUST 24, 2024 02:04
23 August 2024, North Rhine-Westphalia, Solingen: Police and ambulances stand near the scene.(photo credit: Gianni Gattus/picture alliance via Getty Images)
Several individuals were killed on Friday night when a man knifed passers-by at random at a festival in the western German city of Solingen, newspaper Bild reported.
Bild reported that the event occurred around 9:45 p.m. and that at least three people were dead, and at least four were wounded.
Witnesses said the perpetrator was at large, the paper added. According to witnesses, the perpetrator is an Arab-looking man, Bild reported.
Solingen Mayor Tim Kurzbach said on Facebook, “This evening, we are all in Solingen in shock, horror, and deep sorrow. We wanted to celebrate our city’s anniversary together, but now we mourn the dead and injured. It breaks my heart that our city has suffered an attack. I have tears in my eyes when I think of those we have lost. I pray for all those still fighting for their lives.”
“My deepest sympathy also goes to everyone who had to witness this—it must have been horrific. I thank all the rescue and security forces for their efforts,” he continued.
Police officers secure the area of an incident, after several individuals were killed on Friday night when a man randomly stabbed passers-by with a knife, at a city festival in Solingen, Germany, August 24, 2024. (credit: REUTERS/THILO SCHMUELGEN)
The local newspaper Solingen Tageblatt reported on its website that the attack occurred at a festival honoring the town’s 650th anniversary.
The crime occurred in a busy square in the center of the city where a stage was set up and live bands were playing, Bild reported.
The police said the attack occurred at a festival to honor the town’s 650th anniversary.
“There are multiple dead and injured due to a knife attack,” the police said in a post on X.
Local police said they could not comment over the phone.
The festival has been canceled as a manhunt is underway. A police helicopter has been circling the scene of the crime, Bild reported, and special forces have arrived at the scene.
Roads have been closed, and residents have been asked to stay at home and away from the city center.
end
‘Festival Of Diversity’ Horror: Manhunt For ‘Arab-Looking’ Man After 3 Killed, 8 Wounded In Mass Stabbing In Germany
Saturday, Aug 24, 2024 – 09:20 AM
A major manhunt is underway after a Friday night mass stabbing attack killed three people and wounded eight more at a “Festival of Diversity” in Germany. Living up to the event’s billing, witnesses to the bloodshed in the western German city of Solingen say the attacker was Arab in appearance — a detail every major US news outlet is omitting from its coverage as our report is written.
“This evening we are all in shock, horror and great sadness in Solingen. We all wanted to celebrate our city’s anniversary together and now we have dead and injured people to mourn,” said Solingen Mayor Tim-Oliver Kurzbach. “I pray for all those who are still fighting for their lives.” While the festival was indeed being held on the occasion of the city’s 650th anniversary, rather than emphasizing German heritage and history, the organizers were apparently determined to put “diversity” front and center.
Their goal was accomplished in way they didn’t intend, with the attacker himself reportedly infusing his own strain of “diversity.” According to the German newspaper Bild, witnesses say the knife-wielding murderer looked like a young Arab man. At around 9:45 pm, he lashed out at an apparently random assortment of victims at the Fronhof, a market square that was being used as a venue for live musical performances. Local news outlet Solinger Tageblatt provided spectator Lars Breitzke’s account of what he saw:
Suprafon was playing on stage. Suddenly [Breitzke] realized from the expression on the singer Suzan Köcher’s face that something was wrong. “And then a person fell over just a meter away from me,” says Breitzke. At first he thought it was a drunk. But when he turned around, he saw other people lying on the floor. And several pools of blood.
After fatally slashing three people and wounding eight more — five seriously — the attacker was said to have fled toward a main street and is still at large. The evening’s events were called off shortly after 10 pm as sirens wailed throughout the city of about 160,000 residents and a police helicopter circled above, Solinger Tageblatt reported. Special forces units from across the North Rhine-Westphalia state were deployed to Solingen as part of a large search operation, according to The Times of London.
While the Festival of Diversity was slated to extend all through the weekend, organizers opted to cancel it altogether shortly after midnight. Video circulating on social media purportedly shows the attack’s bloody aftermath:
As if it weren’t ironic enough for a “diversity” festival in Germany to be terrorized by someone apparently of foreign heritage,Solingen is also known as the “City of Blades,” owing to its long history as a center of scissor- and knife-making that stretches back to the Middle Ages.
Friday night’s horror show in the small city close to Dusseldorf and Cologne is the just the latest episode of bloodshed visited upon Germany by knife-wielding killers of non-German heritage. In May, a 25-year-old immigrant from Afghanistan slaughtered a police officer and wounded six more people in Mannheim.
Serious knife attacks in Germany are up 9.7% year-over-year. The Alternative for Germany (AfD) party thinks blades per se aren’t the problem: “We have exploding foreign crime, youth crime, migrant violence, because we have open borders,”said party co-leader Alice Weidel in July.
Many hours after Bild first cited multiple witnesses who said the Festival of Diversity killer is a young “arab looking” man, no US media outlets are choosing to include that detail. While TheTimes of London did, it pushed it to the final paragraph of 20 in its coverage.
The sole source that the perpetrator in the Solingen attack was “Arab-looking” was a witness account reported in
. They reported that this morning and now have said the police haven’t confirmed this, but are talking about a “southern-looking” perpetrator. Very irresponsible
·
3,927 Views
The sole source that the perpetrator in the Solingen attack was "Arab-looking" was a witness account reported in @BILD. They reported that this morning and now have said the police haven't confirmed this, but are talking about a "southern-looking" perpetrator. Very irresponsible pic.twitter.com/BGH6uPEd8c
Similarly, at this writing, German police have not shared a description of their suspect, but have asked the public to send them videos and photos that could be helpful.
Meanwhile, North Rhine-Westphalia interior minister told reporters, “None of us knows why” the attack happened.
We’ve got a hunch it has something to do with another diversifier with an intense distaste for diversity.
END
Islamic State-Inspired Syrian Migrant Confesses To Triple-Murder At ‘Festival Of Diversity’ In Germany
MONDAY, AUG 26, 2024 – 08:45 AM
A Syrian asylum-seeker has confessed to a knife attack at a “Festival of Diversity” that killed three and wounded eight, German authorities said on Sunday as they investigated the man’s apparent ties to the Islamic State terror group. The incident has intensified the country’s immigration debate as critical elections approach in September.
Owing to German privacy laws, authorities have only identified the prisoner by his first name and last initial — “Issa Al H.” Prosecutors say he was motivated by “radical Islamist convictions,” and lashed out at people perceived to be non-believers, directing repeated stabs at their necks and upper bodies.
The Friday-nightattack took place at a town square in the western Germany city of Solingen, as festival-goers listened to a live music performance amid festivities being held on the occasion of the city’s 650th anniversary — rather than emphasizing German heritage and history, the organizers were seemingly determined to put “diversity” front and center. The event was supposed to last all weekend, but was cancelled shortly after the bloodshed.
The Islamic State (IS) claimed the assailant was acting as the group’s “soldier,” and posted a video that purportedly shows the 26-year-old holding a long knife as he swears his loyalty to the group’s leader, and says he’s chosen to kill as many non-believers as possible at Solingen’s Festival of Diversity. He says he’s from Deir al-Zor, an eastern Syria city on the Euphrates where IS is still active.
While this will likely receive light attention in major media that avoids examination of terrorists’ motives that spring from Western foreign policy, the man in the video says his then-imminent attack will be an act of retaliation for the killing of Muslims in Syria, Iraq and Bosnia. He also says he is seeking vengeance for the “people of Palestine” who are being massacred by “Zionists.” With western backing, Israel’s attack on Gaza in the wake of the Oct. 7 Hamas invasion has killed tens of thousands of Palestinian civilians.
Der Spiegel reported he arrived in Germany in late 2022 and requested asylum. However, under European asylum rules, he was supposed to be Bulgaria’s responsibility. When German authorities sought to transfer him to Bulgaria in June 2023, he’d gone into hiding. However, no warrant for his apprehension was issued as he was apparently deemed harmless. There was also a logistical consideration, as Germany was essentially out of space to hold detainees. By August of last year, the transfer deadline had passed and he was Germany’s problem alone. Rather than arresting and deporting him, the country granted him protection and moved him to Solingen, where he carried out his attack on Friday.
The attack comes in the final run-up to Sept. 1 elections in the German states of Saxony and Thuringia, where polls indicate the Alternative for Germany (AfD) party may become the first or second-most prominent party. Center-right and right-wing parties said the bloodshed should convince Germans to elect politicians who want to cut off the flow of third-world immigrants to the country.
“If Solingen is not the turning point for the coalition, then I don’t know what else has to happen for some people here to finally come to their senses,” said Christian Democratic Union (CDU) leader Friedrich Merz.
Striking a similar tone, CDU senior official Jens Spahn said, “For years, hundreds of young men from Syria and Afghanistan have been coming to Germany and Europe every day. This must finally end.” Leftists, however, rejected their demands, with Social Democratic Party (SPD) leader Saskia Esken, for example, saying an immigration halt would “not be compatible with our laws, not with the European Refugee Convention, not with our constitution.”
Federal Justice Minister Marco Buschmann announced he was in discussions to put new knife-control laws on the books. The CDU’s Merz ridiculed that pursuit, saying “the problem is not the knives, but the people who carry them around. In the majority of cases, these are refugees, and in the majority of the attacks, there are Islamist motives behind them.”
HUNGARY/BRUSSELS
Hungary May Send Migrants To Brussels To Avenge Asylum Fine
Saturday, Aug 24, 2024 – 07:35 AM
Several years ago, Texas had a brilliant idea: take the millions of illegal immigrant that were flooding its territory as a result of policies adopted in faraway places like DC, and bus them to places like New York and DC, other so-called sanctuary cities and, best of all, Martha’s Vineyard where those who run New York and DC tend to go on vacation. The result was an immediate revulsion by the false virtue-signaling NIMBY crowd, which cried foul at having to suffer the consequences of its actions.
Turns out Texas’ idea was so good it is now being adopted across the Atlantic, where another illegal alien invasion has been taking place for the past decade, slowly replacing the indigenous population with millions of immigrants from northern Africa and the middle east.
Now, one European country has decided it also has had enough: Hungary suggested that it might – like Texas – start transporting migrants who show up at its border straight to Brussels, unless it can resolve a dispute with the European Union on penalties for its asylum policies, Bloomberg reported.
The European Court of Justice has slapped a €200 million ($223 million) penalty, plus an extra €1 million daily fine, on the country for Prime Minister Viktor Orban’s non-compliance with the court’s earlier judgment on the protection of asylum seekers. Orban already promised retaliation in June for the ruling, one of several issues clouding the start of his stint in the rotating presidency of the EU in the second half of 2024.
Negotiations with the European Commission will start in September, Gergely Gulyas, the minister in charge of the prime minister’s office, told reporters in Budapest Thursday. Should those talks fail, Hungary will start handing migrants “one-way tickets to Brussels,” Gulyas said.
“We should find an agreement as soon as possible because we wouldn’t like to pay large amounts on a daily basis,” Gulyas said. “But if Brussels wants to take in migrants, we can help.”
Though Gulyas provided no details on how such a scheme would work, the idea echoes disputes not only among US states over migrants – like those being bused to New York from the Texas border – but also elsewhere in Europe. In the UK, socialist Prime Minister Keir Starmer has vowed his new Labour government would scrap predecessor Rishi Sunak’s plan to deport asylum-seekers to Rwanda.
Separately, Hungary was criticized by human rights groups this week for withdrawing state-funded shelter from Ukrainian refugees arriving from regions not directly affected by the fighting on the frontlines with Russia. A group of Hungarians from Ukraine’s western Transcarpathia region temporarily became homeless after the move, though Gulyas said aid groups helped provide accommodations for them.
The EU’s executive arm is looking into the decree, according to a spokesperson but said the EU is united in providing protections, including accommodation, for those fleeing the conflict.
FRANCE
Terror attack outside French synagogue causes car explosion, one officer injured
A French police officer was injured on Saturday when a blazing car exploded in the car park of a synagogue in the coastal town of La Grande-Motte.
Reported footage of the suspect who perpetrated a terror attack in a synagogue in France, wrapped in a Palestinian flag and armed with a pistol.(photo credit: SCREENSHOT/X)
President Emmanuel Macron vows to find “terrorists” responsible for the flame that broke out outside Beth Yaacov synagogue in France on Saturday morning after a car exploded in front of the building, according to French officials.
Police were hunting for a suspect and the anti-terrorism prosecutor’s office was put in charge of the investigation, Prime Minister Gabriel Attal said.
“This is an antisemitic attack. Once more, our Jewish compatriots are targeted,” Attal said on X, adding: “We won’t give up. In the face of anti-Semitism, in the face of violence, we will never allow ourselves to be intimidated.”
BREAKING: At least two cars, one of which contained a gas cylinder, were set on fire this Saturday morning in front of the synagogue in La Grande-Motte, France, causing an explosion and injuring a police officer.
·
32.2K Views
BREAKING: At least two cars, one of which contained a gas cylinder, were set on fire this Saturday morning in front of the synagogue in La Grande-Motte, France, causing an explosion and injuring a police officer. pic.twitter.com/9QkL0kbuip
The car explosion caused a second car to catch fire and the flames spread to the synagogue’s front doors. Firefighters are currently tackling four flames, according to France3.
Paris 2024 Olympics – Football – Men’s Group D – Mali vs Israel – Parc des Princes, Paris, France – July 24, 2024. French Interior Minister Gerald Darmanin talks to press outside the stadium before the match. (credit: Abdul Saboor/Reuters)
France’s Interior Minister Gérald Darmanin, claimed the incident was an arson attack.
“An attempted arson attack, clearly criminal, hit the synagogue of La Grande Motte this morning. I want to assure our Jewish fellow citizens and the municipality of my full support and say that at the request of the President of the Republic @EmmanuelMacron, all means are being mobilized to find the perpetrator,” he wrote on X, formerly Twitter.
“Everything is being done to find the perpetrator of this terrorist act and to protect places of worship,” French President Emmanuel Macron posted on X on Saturday midday.
He also expressed his sympathies with the Jewish community, writing, “Thoughts are with the members of the synagogue… and all the Jews in our country.” He finished his post stating, “The fight against antisemitism is an ongoing battle, one that the entire nation must undertake together.”
French news outlet Le Parisien had obtained a photo of the suspect, according to a post on X. The image, which was captured on surveillance footage in front of the synagogue shortly before the attack, shows the suspect was wearing a Palestinian flag around his legs, Le Parisien wrote in the post.
Officer wounded in the attack
A French police officer was injured on Saturday when a blazing car exploded in the car park of a synagogue in the coastal town of La Grande-Motte, a police union representative said, and police said they were treating the incident as attempted arson.
“A car exploded in front of the synagogue in @lagrandemotte. A local police official was injured,” William Maury, of police union Alliance Police Nationale, said on X. He told BFM TV the police officer’s life was not in danger.
Local media said two cars had been on fire, one of which contained at least one gas canister.
Jewish community reactions
Yonathan Arfi, the president of France’s Representative Council of Jewish Institutions (CRIF), wrote on X in response to the attack “The desire to kill Jews. Exploding a gas canister in a car in front of the synagogue in La Grande Motte at the expected time of arrival of worshipers: this is not just attacking a place of worship, it is an act to try to kill Jews.
“This is antisemitism in France. But the French Jews will not back down.”
He also sent his well wishes to the officer wounded in the explosion.
end
FRANCE
attack on free speech escalates to its highest point:
“Musk Should Be Nervous” – Deep State Lackey Admits
Real Target Following Telegram Founder’s Arrest
Sunday, Aug 25, 2024 – 02:35 PM
Russia is demanding answers following the arrest Pavel Durov, the billionaire co-founder and CEO of messaging app Telegram. He was detained by French authorities at the Bourget airport outside of Paris Saturday evening after arriving in his private jet.
The Russian embassy in Paris has demanded that the French government explain itself, and has so far said that French authorities are being uncooperative. The latest reports say Durov is expected to appear before a judge Sunday evening.
The embassy said of the 39-year-old Russian-born billionaire that “as soon as the news of Durov’s arrest broke, we immediately addressed the French authorities for clarification on the reasons for it and demanded that they ensure the protection of his rights and provide consular access to him.”
He not only has Russian citizenship by virtue of his birth there, but also holds dual citizenship in France and the UAE.
Russian diplomats say there has been no reply from Paris: “The French side has so far been avoiding cooperation on this issue,” a statement said. Russian lawmakers have gone so far as to say he is now a “political prisoner”.
Russian member of parliament Maria Butina said on Sunday, “Pavel Durov is a political prisoner – a victim of a witch-hunt by the West.
“The arrest of Pavel Durov means there is no freedom of speech – it means that freedom of speech in Europe is dead,” she continued. “Now basically they have a hostage and they will try to blackmail Russia, they will try to blackmail all the users of Telegram and not only try to get control but also try to block the network here in Russia.”
Additionally, deputy speaker of Russian parliament, Vladislav Davankov, described that the tech entrepreneur’s arrest “could be politically motivated and used to gain access to the personal information of Telegram users.”
And Dmitry Medvedev, who is the deputy head of Russia’s Security Council, said Durov is being targeted because he’s Russian. “He miscalculated,” Medvedev said. “For all our common enemies now, he is Russian – and therefore unpredictable and dangerous.” Medvedev asserted, “Durov should finally realize that one cannot chose one’s the fatherland.”
One interesting angle is that the app, well-known for being highly secure as it provides end-to-end encryption, is widely used among the Russian military, as well as the common population.
One little-known feature of this war is that the Ukrainian military largely communicates via Signal and the Russian military via Telegram.
·
183.8K View
One little-known feature of this war is that the Ukrainian military largely communicates via Signal and the Russian military via Telegram.
Durov was detained by the National Anti-Fraud Office (ONAF), over the alleged facilitation of various crimes including terrorism, narcotics trafficking, and fraud. “On his platform, he allowed an incalculable number of offences and crimes to be committed, for which he did nothing to moderate or cooperate,” a source told TF1 TV.
The arrest was characterized by Megaupload founder Kim Dotcom as part of the “crackdown against free speech.”
Other prominent figures have voiced alarm over what this means for free speech, or even the question of who is next to be targeted by Western governments…
Pavel Durov left Russia when the government tried to control his social media company, Telegram. But in the end, it wasn’t Putin who arrested him for allowing the public to exercise free speech. It was a western country, a Biden administration ally and enthusiastic NATO member, that locked him away. Pavel Durov sits in a French jail tonight, a living warning to any platform owner who refuses to censor the truth at the behest of governments and intel agencies. Darkness is descending fast on the formerly free world. Here’s our interview with Durov from several months ago:
Ep. 94 The social media app Telegram has over 900 million users around the world. Its founder Pavel Durov sat down with us at his offices in Dubai for his first on-camera interview in almost a decade.
58:25
·
5.7M Views
Pavel Durov left Russia when the government tried to control his social media company, Telegram. But in the end, it wasn’t Putin who arrested him for allowing the public to exercise free speech. It was a western country, a Biden administration ally and enthusiastic NATO member,… https://t.co/F83E9GbNHC
Ep. 94 The social media app Telegram has over 900 million users around the world. Its founder Pavel Durov sat down with us at his offices in Dubai for his first on-camera interview in almost a decade. pic.twitter.com/NEb3KzWOg8
And Elon Musk has been highlighting the implications of Durov’s arrest through Sunday…
POV: It’s 2030 in Europe and you’re being executed for liking a meme
Quote
OSINTdefender
@sentdefender
·
23h
Pavel Durov, the Russian-Born Emirati Founder of the Messaging App, Telegram has reportedly been Arrested at Le Bourget Airport near Paris, France due to his Refusal to Cooperate with French Authorities, who claim he is Complicit in Drug Trafficking and other Serious Crimes.
·
26.2M Views
And in case you wondered, none other than deep state bagman Alexander Vindman makes it clear who the real target is…
While Durov holds French citizenship, is arrested for violating French law, this has broader implications for other social media, including Twitter. There’s a growing intolerance for platforming disinfo & malign influence & a growing appetite for accountability. Musk should be nervous.
Pavel Durov got arrested
Here’s what this means for the US
,
, from the perspective of a Ukrainian-US tech entrepreneur who’s been covering Telegram’s Kremlin connections and security holes for the last 15 months. Thread: 1/X
·
698.8K Views
There are some reports saying that given the potential charges stacked against him, Durov could possibly be facing up to 20 years in prison. But there still remains many unknowns, as well as confusion, surrounding his detention.
is an assault on the basic human rights of speech and association. I am surprised and deeply saddened that Macron has descended to the level of taking hostages as a means for gaining access to private communications. It lowers not only France, but the world.
·
1.9M Views
Ironically, back in 2014 Durov left Russia after he refused to comply with demands to shut down opposition communities on his VK social media platform, which he has since sold. He now lives in Dubai, where Telegram is based.
Update(1235ET): It appears President Emmanuel Macron is feeling the pressure after French authorities arrested Telegram founder and CEO Pavel Durov over the weekend. The prosecutor’s office has since said his detention may last until Aug.28.
Several prominent tech entrepreneurs and public figures – for example Elon Musk – have decried the move as selective persecution against a known advocate of free speech. In a rare move Macron weighed in directly on Monday, claiming it has nothing to do with his government and that Durov’s arrest and ongoing detention is not politically motivated.
Macron said Monday, “The arrest of Telegram’s president on French territory took place as part of an ongoing judicial investigation. This is in no way a political decision. It is up to the judges to decide.” Macron further condemned what he called “false information” surrounding the case.
5/RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/HAMAS/
US Central Command kills Al Qaeda-affiliated Hurras al-Din senior leader
In September 2019, the US designated Hurras al-Din as a “Specially Designated Global Terrorist” under Executive Order 13224.
Fighters affiliated with the Hayat Tahrir al-Sham (HTS) jihadist group in Syria transport the remains of a motorcycle reportedly targeted in a drone attack on the eastern edge of Syria’s rebel-held Idlib province, early on June 28, 2022.(photo credit: ABDULAZIZ KETAZ/AFP via Getty Images)
US Central Command (CENTCOM) killed Al Qaeda-affiliated Hurras al-Din senior leader Abu-’Abd al-Rahman al-Makki Friday in a targeted kinetic strike in Idlib, Syria, CENTCOM reported in the early hours of Saturday morning.
U.S. Central Command Forces Killed Hurras al-Din Senior Leader Earlier today, U.S. Central Command Forces killed Hurras al-Din senior leader Abu-’Abd al-Rahman al-Makki in a targeted kinetic strike in Syria. Abu-’Abd al-Rahman al-Makki was a Hurras al-Din Shura Council member and senior leader responsible for overseeing terrorist operations from Syria. “CENTCOM remains committed to the enduring defeat of terrorists in the CENTCOM area of responsibility who threaten the United States, its allies and partners, and regional stability,” said Gen. Michael Erik Kurilla, Commander, U.S. Central Command. Hurras al-Din is an Al Qaeda-associated force based in Syria that shares Al Qaeda’s global aspirations to conduct attacks against U.S. and Western interests.
·
70K Views
Abu-’Abd al-Rahman al-Makki was a Shura Council member and senior leader of the terrorist organization responsible for overseeing terrorist operations from Syria.
“CENTCOM remains committed to the enduring defeat of terrorists in the CENTCOM area of responsibility who threaten the United States, its allies and partners, and regional stability,” said CENTCOM commander Gen. Michael Erik Kurilla.
General Michael Erik Kurilla testifies before the Senate Armed Services Committee on his nomination to become Commander of Central Command during a hearing on Capitol Hill in Washington, US, February 8, 2022. (credit: REUTERS/BRENDAN MCDERMID)
Hurras al-Din
Hurras al-Din is an Al Qaeda-associated terrorist organization based in Syria, which emerged in 2018.
In September 2019, the US designated Hurras al-Din as a “Specially Designated Global Terrorist” under Executive Order 13224, which was created following the September 11 attack that Al Qaeda was responsible for.
END
ISRAEL HAMAS/
Hamas Executing Hostages? Autopsies Of 6 Bodies Recovered From Gaza Reveal Bullets
Friday, Aug 23, 2024 – 05:25 PM
On Tuesday the Israeli military (IDF) announced that it had recovered six deceased hostages in a hidden tunnel network under the Gaza Strip.
The grim development has served to underscore that time is running out on getting the hostages back. A total of 105 hostages remain unaccounted for since they were brutally kidnapped on Oct.7, but many could already be dead, Israeli officials suspect. New controversy has emerged over the precise circumstances surrounding the deaths of the latest six recovered.
Most were elderly, and may have died significantly prior to the recovery operation. They are: Haim Peri, 80; Yoram Metzger, 80; and Alexander Dancyg, 75; Nadav Popplewell, 51, and Yagev Buchshtab, 35, and Avraham Munder, 79. They had all been residents of border communities which had been raided by Hamas.
The New York Times on Friday details the fresh controversy as follows:
A group representing relatives of hostages taken in the Oct. 7 attack on Israel said on Thursday that autopsies showed “bullets were found in the bodies” of six captives Israeli troops recovered from an underground tunnel in southern Gaza, raising questions about how they died.
The group, the Hostages Family Forum, said that the autopsy results indicated that the six hostages “were taken alive and executed in the tunnels of Hamas.”
But an Israeli military spokesperson, speaking on condition of anonymity because of the sensitivity of the matter to families, said on Thursday that the autopsies showed “marks suggestive of gunshots” on the bodies and stressed it was too soon to determine whether gunshot wounds were the cause of death.
This has raised the question or even likelihood that they were all executed as hostage talks dragged on, and as the IDF has expanded its military operations in the Strip.
However, adding to the mystery is that four other bodies were found in the tunnels near the bodies – but which did not have bullets in them – and the military suspects these to be Hamas members.
How and when the hostages died has been a matter of contention. Hamas has blamed the deaths on Israeli airstrikes, and the Israeli military has acknowledged some of them likely died while Israel was carrying out military operations in the area where they were found. Some Israel news outlets reported the hostages may have suffocated when the tunnel filled with toxins after an airstrike.
And there has also been speculation that their deaths may be related to large-scale Israeli airstrikes above the tunnels:
On Tuesday, Adm. Hagari was asked again about how the hostages died at a news conference. He repeated what he had said in June — that the “hostages were killed while our troops were operating in Khan Younis” — and added that a forensic examination would reveal more.
Israeli news media reported on Tuesday that initial assessments suggested that five of the six hostages had died from suffocation when an Israeli airstrike hit another tunnel, causing the one they were in to fill with carbon dioxide. The Times could not confirm those reports.
Or it could be that as IDF troops were close in on the location of the militants and hostages, the Hamas members decided to conduct a summary execution on the spot.
Some within Israeli media have speculated on the possibility of a ‘friendly fire’ accident by the IDF, which wouldn’t be the first time. At this point, an official autopsy report on the six has not been made public, and it’s uncertain if the official findings when they are produced will ultimately quell the controversy.
end
ISRAEL/HAMAS
Hamas weapons maker Taha Abu Nada killed in IAF airstrike
According to the military, Nada was an operative in Hamas’s weapons manufacturing headquarters.
An Israel Air Force aircraft struck and eliminated Hamas terrorist Taha Abu Nada, the IDF stated on Saturday.
The strike was reportedly conducted based on intelligence provided by the Military Intelligence Directorate.
According to the military, Nada was an operative in Hamas’s Weapons Manufacturing Headquarters and was responsible for the production of both military ordnance and weapons production equipment.
Separately, on Friday, the IDF commenced a “targeted operation against terrorist infrastructure” in the Gaza City area and has succeeded in eliminating both Hamas terrorists as well as infrastructure used by the terror organization, the military added.
The elimination of Nada follows the June killing of Hamas terrorist Muhammad Salah, who the IDF stated was a significant” terrorist in Hamas’s Weapons Manufacturing Headquarters.
Activities in southern Gaza
Additionally, in the Rafah Governate in southern Gaza, in the Tel al-Sultan camp, Israeli troops engaged and killed dozens of Hamas fighters in close-quarters encounters throughout Friday and Saturday morning, the IDF continued.
IDF troops operate in the Gaza Strip. August 24, 2024. (credit: IDF SPOKESPERSON’S UNIT)
Troops operating in the area reportedly located numerous weapons, mortars, and explosives in the vicinity.
The Israeli military also noted that, in the Tel al-Sultan area, it struck several terrorists who were close to troops in the area. Soldiers also reportedly “dismantled” a structure used to store weapons there.
END
ISRAEL/HAMAS
Israeli concession? Partial withdrawal from Philadelphi Corridor?
(Jerusalem Post)
Israeli withdrawal from Philadelphi Corridor may pave the way for hostage deal – Al-Ahkbar
Among what officials call “concessions,” is included “Israel’s gradual withdrawal from the Philadelphi Corridor during the first phase of the agreement.”
By MAARIVAUGUST 26, 2024 13:43Updated: AUGUST 26, 2024 13:46
View of the Philadelphi Corridor between the southern Gaza Strip and Egypt, on July 15, 2024.(photo credit: Oren Cohen/Flash90)
Sunday’s hostage deal negotiation talks focused on the “concessions on Israel’s side which the mediators believe may lead Hamas to agree to a deal,” according to a Monday report by the pro-Hezbollah Lebanese newspaper Al-Akhbar, citing sources familiar with the subject.
Among what officials call “concessions” are “Israel’s gradual [partial] withdrawal from the Philadelphi Corridor during the first phase of the agreement,” alongside “a promise that no construction work will be carried out on the corridor or attempts to change the existing situation.”
At the same time, a “land corridor” will allow the IDF troops to move and reach the area quickly.
Israel rejected the mediators’ proposals to resolve the disputes. The Israeli delegation stated it did not have sufficient authority to accept or reject the proposals and that it needed to discuss them with Prime Minister Benjamin Netanyahu.
Israeli delegation to meet with Netanyahu
Despite this, the round of talks is expected to continue on Monday with in-depth discussions with the Israeli delegation after it meets with Netanyahu and returns with final answers.
IDF troops operate in the Gaza Strip. August 26, 2024. (credit: IDF SPOKESPERSON’S UNIT)
The current efforts of the mediators are focused on “a return to the previous agreement that Hamas agreed to, with minor changes, including a gradual and not complete withdrawal from the Strip, in exchange for clear Israeli flexibility regarding the return of the displaced to the north of Gaza.”
The US has offered a revised proposal that will be discussed in detail at Monday’s meetings.
Although “many of the details are pending Israel’s final answer,” Cairo still refers to the “optimism” promoted by Washington about reaching an agreement soon as “an attempt at internal political exploitation in the US in preparation for the presidential elections.”
As for the Rafah crossing, the discussions on the issue reached the same conclusions as the previous ones, which link its reopening to “restoring Palestinian control over it.”
end
ISRAEL HEZBOLLAH
At least 7 Hezbollah operatives killed in IDF strikes as terror group bombards north
No injuries after more than 100 projectiles launched from Lebanon throughout day; military says among those it targeted were two members of Hezbollah’s rocket and missile unit
Rockets fired by Hezbollah from southern Lebanon are intercepted by the Iron Dome air defense system over the Upper Galilee region in northern Israel on August 23, 2024. (Jalaa Marey/AFP)
At least seven Hezbollah members were killed Friday in separate Israeli airstrikes on southern Lebanon, as the Iran-backed terrorist organization launched over 100 projectiles at the north throughout the day.
The strikes included the targeting of a Hezbollah cell preparing to shoot rockets from the village of Tayr Harfa. The other Hezbollah members were killed in separate attacks in Ayta al-Jabal, Mays al-Jabal, Aitaroun and Maarakeh.
According to the Israel Defense Forces, the airstrike in Ayta al-Jabal targeted Muhammad Najam, a prominent member of Hezbollah’s rocket and missile unit in southern Lebanon. Lebanese media reported that alongside Najam, his nephew Zulfiqar Radwan was also killed in the strike on Ayta al-Jabal.
The military also identified Saeed Mahmoud Diab, who was killed in Maarakeh by an IDF drone, as a member of Hezbollah’s rocket and missile unit.
The IDF said the operative in Mays al-Jabal had launched rockets at the Yiftah area earlier in the day and was killed upon being spotted at a building used by Hezbollah, while the operative in Aitaroun was struck shooting projectiles toward Malkia.
Hezbollah later released statements announcing seven members were killed “on the road to Jerusalem,” its term for operatives slain in Israeli strikes, naming Najam among them.
Their deaths brought Hezbollah’s declared toll to at least 427 since it began attacking northern Israel a day after the October 7 terror onslaught from Gaza by its Palestinian ally Hamas.
The Israeli strikes followed several Hezbollah attacks in the morning, including the firing of missiles at the Mount Meron base.
Hezbollah has attacked Mount Meron, located some eight kilometers (5 miles) from the Lebanon border, several times amid the ongoing war, launching large barrages of rockets toward the site, as well as guided missiles at the sensitive air traffic control base that sits atop it.
The IDF reported no injuries in the latest attack, during which three projectiles were fired at the base, one of which was intercepted.
Hezbollah also launched several rocket volleys at northern Israel on Friday, including a fusillade of some 40 projectiles fired at the Kiryat Shmona area and a salvo of around 20 rockets targeting Safed and its surroundings.
No injuries were reported in any of the attacks.
Firefighters work to extinguish a blaze at a home in Kiryat Shmona, sparked by a Hezbollah rocket launched from Lebanon, August 23, 2024. (Fire and Rescue Service)
The IDF said some of the rockets fired toward Safed and Kiryat Shmona were shot down by air defenses, while the rest struck open areas.
However, there were several impacts in Kiryat Shmona following another Hezbollah rocket barrage Friday night, with one home set ablaze after being struck by a projectile.
Some of the rockets also sparked forest fires near Safed, which were extinguished hours later. The IDF later said it destroyed a Hezbollah rocket launcher in at-Tiri that was used in the barrage on Safed.
A forest fire caused by a Hezbollah attack from Lebanon burns near Mount Meron, northern Israel, August 23, 2024. (David Cohen/Flash90)
Since October 8, Hezbollah-led forces have attacked Israeli communities and military posts along the border on a near-daily basis, with the group saying it is doing so to support Gaza amid the war against the Hamas terror group there.
So far, the skirmishes have resulted in 26 civilian deaths on the Israeli side, as well as the deaths of 19 IDF soldiers and reservists. There have also been several attacks from Syria, without any injuries.
In addition to the 427 members whose deaths Hezbollah has announced during the ongoing skirmishes, mostly in Lebanon but some also in Syria, another 73 operatives from other terror groups have been killed in Lebanon by Israeli strikes. A Lebanese soldier and dozens of civilians have also been killed.
Times of Israel staff contributed to this report. end
HEZBOLLAH/ISRAEL
LATE SATURDAY
Hezbollah likely to strike if Hamas rejects compromise deal, Israel believes
“It’s important for you to know that we are facing a significant week with ongoing negotiations in Cairo, fighting in Gaza, and border conflicts in the North,” Hagari stated.
By ANNA BARSKYAUGUST 24, 2024 22:41Updated: AUGUST 24, 2024 22:44
Supporters listen to the speech of Hezbollah leader Sayyed Hassan Nasrallah, during a commemorative ceremony marking the first week since the killing of Hezbollah’s top commander Fuad Shukr, in the southern suburbs of Beirut, Lebanon August 6, 2024.(photo credit: REUTERS/Alkis Konstantinidis TPX IMAGES OF THE DAY)
The leading assessment in Israel is that Hezbollah plans to launch an attack against Israel the moment Hamas delivers a negative response to the mediators concerning the compromise proposal, as it becomes clear that the talks are heading toward a breakdown rather than a breakthrough.
IDF spokesperson Daniel Hagari said on Saturday: “IDF forces continue [operating] decisively and forcefully against the terrorist organization Hezbollah. In recent days, we have struck about 70 terror targets, including numerous weapon storage sites aimed at Israel, and eliminated over 20 terrorists, including senior operatives. We have damaged Hezbollah’s rocket infrastructure.”
He added: “It’s important for me to explain our operational approach. We conduct systematic and orderly attacks targeting Hezbollah’s capabilities and fighters. In defense, we coordinate, while closing loops on terrorists who have fired or emerged from suspicious areas. We target bases and terror sites, while Hezbollah attacks civilian areas and citizens. We have a wide range of offensive plans and will act according to political decisions.”
Hagari continued: “I want to address the residents of the North. I know you have been enduring ten challenging months under the threat of attacks and fires. We will not rest until you can return to your homes safely.”
IDF Spokesperson Daniel Hagari seen in the Northern Command, November 28, 2023 (credit: David Cohen/Flash90)
At the end of his statement, the IDF spokesperson emphasized: “It’s important for you to know that we are facing a significant week with ongoing negotiations in Cairo, fighting in Gaza, and border conflicts in the North. Our readiness for attack and defense is very high, and we will continue to work to remove threats and fight our enemies. The public must remain vigilant and alert, as you have been so far. We will provide immediate updates on any developments.”
Hamas remains passive in ceasefire talks
“We are responding with very high intensity. I described our recent attacks, targeting about 70 significant Hezbollah positions and over 20 terrorists, including senior figures. We will continue to act decisively against threats to Israeli civilians.”
Negotiations for a ceasefire and a hostage deal are set to resume this weekend. A senior Hamas official confirmed that the group’s representatives will travel to Cairo to hear the outcomes but will not actively participate in talks. Hamas, which did not take part in the previous round of talks in Doha, Qatar, is sending a delegation to Cairo to “listen to the results of the negotiations” involving officials from the US, Israel, Egypt, and Qatar, according to senior Hamas member Izzat al-Rishq.
Hamas is expected to remain passive in the discussions, symbolically signaling openness to negotiations while asserting that Israel should adjust its stance.
The delegation will meet with senior Egyptian intelligence officials to be updated on the ongoing ceasefire talks but will not directly engage in negotiations, an additional Hamas official told French news outlet AFP. Hamas initially stated it would not participate in this round of negotiations that began last week in Doha. The group insists that Israel withdraw from Gaza, including the Philadelphi Corridor near the Egyptian border.
end
SUNDAY//HEZBOLLAH VS ISRAEL
Israel hits Hezbollah with an pre- emptive strike.
(Times of Israel)
Hezbollah thought to have targeted Mossad HQ near Tel Aviv in ‘mostly’ foiled barrage
Army now says hundreds of rocket launchers were set to be used in morning attack by Hezbollah, though Israel hit thousands to remove ‘larger future threat’; drones aimed at Tel Aviv area
Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant and others at the ‘pit’ military headquarters in Tel Aviv, early on August 25, 2024. (GPO); Smoke billows over areas in south Lebanon after an Israeli pre-emptive strike (STRINGER/AFPTV/AFP); Footage from the Israeli north shows Iron Dome intercepting Hezbollah rockets (Alma Center/AFP); Israelis in Acre inspect damage following a rocket attack (Jack Guez/AFPTV/AFP); Passengers look at the departures screen at Ben Gurion airport amid flight cancelations (Social media/X; used in accordance with Clause 27a of the Copyright Law)
A preemptive Israeli sortie took out thousands of Hezbollah rocket launchers Sunday morning, including some believed to be aimed at the Mossad headquarters in central Israel, the military said, though officials now believe only a portion of the launchers were set to be used in an early-morning surprise attack from Lebanon.
Home Front Command officials lifted restrictions covering Tel Aviv and areas to the north in the early afternoon, though they were left in place along the border and in the Golan Heights, after Israeli jets pounded southern Lebanon throughout Sunday morning in what the IDF called a preventative measure to “remove the threat” of rocket and drone attacks.
The Israel Defense Forces initially said it had destroyed thousands of rocket launchers ready to attack the north and the Tel Aviv area after identifying overnight preparations for a major and immediate attack. However, military officials later said that while Israel did destroy thousands of launchers, only several hundred of them were believed to have been intended to have been used in the attack.
In a video statement, IDF Spokesman Rear Adm. Daniel Hagari said Hezbollah intended to launch hundreds of rockets at the north and several drones at central Israel in its attack, which he said was mostly thwarted by the military.
“We removed a larger threat, likely a future threat in some areas, with an emphasis on the rockets at northern Israel,” he said, adding that the Israeli strikes took place in around 40 areas of southern Lebanon.
“We foiled most of Hezbollah’s planned attack, and we intercepted many of the threats launched at Israel,” Hagari added.
This photo taken from a position in northern Israel shows a Hezbollah drone intercepted by Israeli air forces over north Israel on August 25, 2024 (Jalaa MAREY / AFP)
Hezbollah managed to launch 210 rockets and some 20 drones from Lebanon at northern and central Israel in the early hours of Sunday, according to the IDF. Some of the projectiles were intercepted, while others impacted, causing damage to homes and lightly injuring at least one person. There was no immediate word on possible military casualties.
Many rockets also struck open areas, with some sparking small brushfires.
No IDF bases were damaged in the attack, and none of the Hezbollah drones impacted targets in central Israel, according to the military.
According to unofficial Israeli assessments leaked to the press and cleared for publication by the military censor, Hezbollah planned to launch missiles at the Glilot base near Herzliya, home to Mossad headquarters and several IDF intelligence units, including its high-profile signals intelligence group Unit 8200.
IDF Chief of Staff Lt. Gen. Herzi Halevi speaks to senior officers at the Glilot military base near Herzliya, July 31, 2023. (Israel Defense Forces)
While the overwhelming majority of Hezbollah’s arsenal is thought to consist of rockets, which follow a parabolic path determined by gravity, it is also thought to possess a small number of missiles, which can be guided.
The army does not believe the attack intended to target the Kirya compound in central Tel Aviv, where the IDF and Defense Ministry are based, or Ben Gurion Airport to the east of Tel Aviv.
Officials shut the airport for about an hour Sunday morning, and dozens of flights to both Tel Aviv and Beirut were diverted, postponed or canceled. Officials in Israel placed restrictions on gatherings and educational activities in areas from Tel Aviv northward for much of Sunday morning, but lifted those at about 1 p.m. as life slowly began to resume normalcy following the latest foiled barrage.
People at the beach in Tel Aviv, after it was closed down due to the security situation, August 25, 2024. (Avshalom Sassoni/Flash90)
Hezbollah said Sunday morning it had launched more than 320 rockets and drones at northern Israel to avenge the killing of its military leader Fuad Shukr, claiming that its drones reached their targets, which included 11 military bases in the north. It later announced that it had “completed military operations for the day,” but indicated more attacks could follow.
According to Hezbollah, the operation targeted “a qualitative Israeli military target that will be announced later” as well as “enemy sites and barracks and Iron Dome platforms.”
It later released a short propaganda video detailing the military sites it said it targeted, all of them in northern Israel.
The Iran-backed group rejected Israel’s claim that its operation had been disrupted, saying it “contradicts the facts on the ground and would be refuted” by the terror group’s leader Hassan Nasrallah later Sunday.
It did however announce that two of its operatives were killed in fighting Sunday, bringing the terror groups’ death toll in the current conflict with Israel to 430. Separately, the Amal group, which is allied with Hezbollah, said a fighter was killed in a strike on a car.
The heavy exchange of fire came following weeks of intense diplomatic activity aimed at keeping Hezbollah’s promised response to Shukr’s killing from sparking a wider conflict, after 10 months of low-level cross border fire that has brought the sides to the brink of war.
Hezbollah began shooting rockets at Israel on October 8 in support of Hamas following the Gazan terror group’s October 7 massacre, which sparked an Israeli military campaign in the Palestinian enclave. Other Iranian proxy groups have also attacked Israel in support of Hamas.
A man watches smoke billow after an Israeli airstrike in the southern Lebanese village of Qsair on August 25, 2024. (AFP)
The international community has also been scrambling to ward off an Iranian response to the killing of Hamas leader Ismail Haniyeh, blamed on Israel, fearing it too could snowball into a regional war.
Prime Minister Benjamin Netanyahu, who held security consultations at the Kirya early Sunday afternoon after huddling with defense brass for an emergency meeting there hours earlier, said Israel would do whatever was needed to protect its citizens.
We “continue to follow a simple rule: whoever harms us — we harm them,” Netanyahu said at the start of his weekly cabinet meeting.
At the same time, an unnamed government official was quoted telling Channel 12 that Israel was uninterested widening the conflict.
“This is not an attack aimed at starting a war, but rather removing a serious threat to millions of Israeli citizens,” the network quoted the anonymous source as saying. “The continuation of the escalation depends on Hezbollah’s actions.”
Smoke billows from the site of an Israeli airstrike on Zibqin in southern Lebanon on August 25, 2024. (Kawnat HAJU / AFP)
Members of the political opposition largely expressed support for the IDF’s preemptive strike, with Opposition Leader Yair Lapid tweeting that “any attempt to attack Israel will meet with a heavy hand and the capabilities of the IDF and the security system.”
“We are all one fist against Hezbollah — the government and the IDF have full, broad and absolute backing,” former war cabinet member Benny Gantz declared.
However, some on the right, including Netanyahu’s allies, accused the government of not doing enough to degrade the terror group’s capabilities.
“The choice to thwart the attack only after 10.5 months of Hezbollah’s attacks on Israel is the continuation
of the policy of containment,” said Gideon Sa’ar of the opposition New Hope party. “This opportunity should have led to a decision on an overall preemptive attack to change the reality in the north.”
Heritage Minister Amichai Eliyahu of the coalition’s far-right Otzma Yehudit party compared Israel’s action to “letting a robber empty the house and reacting only when he approaches the safe,” joining others accusing the nation’s leadership of only acting when Tel Aviv or Jerusalem come under threat.
A forest fire caused by rockets fired from Lebanon, near Meron, northern Israel, August 23, 2024. (David Cohen/Flash90)
In a joint missive, the heads of three northern regions announced they would cease contact with the government until it delivers a full plan to return northern residents safely to their communities and rehabilitate the region.
“We haven’t interested you for 10.5 months, and from now on, you don’t interest us. Don’t call, don’t come, don’t send messages. We have managed alone until now, we will manage,” read the statement from Mateh Asher Regional Council head Moshe Davidovich, Metula Mayor David Azoulay and Upper Galilee Reginal Council Giora Zaltz.
In Lebanon, which would likely be devastated in a direct war between Israel and Hezbollah, caretaker Prime Minister Najib Mikati said Beirut was holding contacts with its partners to stop the violence from escalating, the country’s official news agency NNA reported.
Passengers check their flight times at the Beirut International Airport in Beirut on August 25, 2024. (ANWAR AMRO / AFP)
“What is required is first to stop the Israeli aggression, and then to implement Resolution 1701,” he said at an emergency cabinet meeting, referencing the UN decision which ended the Second Lebanon War between Israel and Hezbollah in 2006 and stipulated the creation of a demilitarized zone between Israel’s northern border and the Litani River in Lebanon.
Lebanese opposition leader Samy Gemayel also called for Hezbollah to be disarmed, citing Resolution 1559, a UN decision from 2004 urging the Lebanese government to establish its sovereignty over the entirety of its territory, and disarm militias like Hezbollah.
“After the response and the response to the response and the response to the response to the response, it has become clear that neither side intends to expand the war,” Gemayel wrote on X, “so it is necessary to immediately stop military operations on both sides and move towards a ceasefire… in order to avoid further senseless destruction and death.”
end
SUNDAY EVENING/HEZBOLLAH VS ISRAEL
After Hezbollah’s barrage, can it be deterred? – analysis
So far, Hezbollah appears to believe that this kind of conflict, in which it dictates the tempo, time, and place of attack, is in its interest.
By SETH J. FRANTZMANAUGUST 25, 2024 18:34Updated: AUGUST 25, 2024 19:29
A view of a damaged residential building, after Hezbollah launched hundreds of rockets and drones towards Israel in what the Iranian-backed movement said was a response to the assassination of a senior commander in Beirut last month, in Acre, northern Israel August 25, 2024.(photo credit: REUTERS/AMMAR AWAD)
Hezbollah continues to carry out attacks on Israel, even as it takes losses. This illustrates how the Iranian-backed terrorist group is undeterred. Hezbollah’s losses are mounting, but it is attempting to show that despite this, it is ready to escalate.
On Sunday, Hezbollah put this plan into action, moving thousands of rockets aimed at Israel into place. The IDF carried out strikes on numerous locations using 100 aircraft and destroyed thousands of launchers.
Hezbollah has now lost more than 420 of its fighters since October 2023. It has had many of its terror sites, such as observation posts, targeted. The question is whether Hezbollah can replace these losses. Up until now, the terrorist group appears to be indicating that it can replace its losses and that it is not deterred. In fact, Hezbollah continues to claim that its attacks are successful.
From Hezbollah’s point of view and that of the larger Iranian-backed multifront war on Israel, the organization’s ongoing offenses are a success story because Hezbollah has fought much of the war inside Israel’s territory. As a result of its attacks, Israel has had to evacuate 60,000 people, with some 14,000 students now starting their school year away from home, meaning that they will likely be gone for up to two more years.
A view shows smoke on the Lebanese side of the border with Israel, as a man stands at a beach in Tyre, amid ongoing cross-border hostilities between Hezbollah and Israeli forces, southern Lebanon August 25, 2024. (credit: REUTERS/AZIZ TAHER)
Communities in northern Israel are damaged and devastated. People fear returning to the city of Kiryat Shmona. Hezbollah likely sees this as a success.
Hezbollah has less to lose than Israel
This war is being managed and fought in a proportional manner. However, Hezbollah has less to lose than Israel. Hezbollah, so far, has not faced political repercussions at home for its actions. People have had to flee Southern Lebanon, but Hezbollah doesn’t seem to lose out due to this new reality. It has political opponents in Lebanon. However, it is willing to risk part of the country to achieve success.
From Iran’s point of view, this is a win. Iran can cause damage to northern Israel, and although there is destruction in Lebanon and Gaza, Iran itself remains intact.
Also, Iran gets to use its proxies such as those in Iraq, Syria, and Yemen to target Israel. If Israel responds, this does not appear to harm Iran’s overall posture in the region.
In addition, the countries that Iran exploits in the region are generally poor, so the proxies have less to lose if they plunge into war. Yemen, for instance, has already been at war for many years. The Houthis do not care if Yemen is harmed. As for Lebanon, it is already almost bankrupt. Iraq and Syria have been devastated by conflicts over the last decade as well.
This is where Iran seeks to redraw the “equation” in the region. Iran knows that Israel was seeking to wage a “campaign between the wars” atwixt 2014 and 2023. This entailed Israel trying to prevent Iranian entrenchment in Syria. However, Iran was able to entrench there anyway and move weapons to Hezbollah. This organization also increased its stockpile of precision-guided munitions and drones. Now Hezbollah may have taken some losses in its rocket stockpile. However, it appears to have many tunnels and underground bunkers where it can hide its most sophisticated capabilities.
Now, Hezbollah must weigh its next steps. Is it willing to make the type of conflict that unfolded in the early hours of Sunday morning a new normal? Will it continue to a second “phase” of operations, as it has threatened to do against Israel? Or is it happy to have tested Israel and increased the heat a bit, and now it will turn the heat back down and continue to attack northern Israel?
Hezbollah understood that the equation of attacks now meant that as long as it only struck within a few miles of the border, this would not lead to a major escalation. What this means is that it could launch several rockets and drones a day and the consequences will be proportional. This managed conflict is not likely in Israel’s long-term interests. Is it in Hezbollah’s long-term interest? This is the key question for Hezbollah.
So far, Hezbollah appears to believe that this kind of conflict, where it dictates the tempo, time, and place of the attack, is in Hezbollah’s interest. It is not deterred because it has generally only faced Israeli reactions. Even the attack yesterday was primarily about Israel preempting an attack, rather than rewriting the rules.
The question in Israel will be whether Hezbollah can be deterred and when that might happen. As the war in Gaza continues, there is a sense that over the last seven months, Israel has wanted to shift focus to the North. However, the war in Gaza continues to require focus because Hamas continues its attacks.
END
Netanyahu and Nasrallah warn ‘story not over,’ ‘future attacks possible’
The international community called for restraint, and the United States said it backed Israel’s right to self-defense.
By TOVAH LAZAROFFAUGUST 25, 2024 19:32Updated: AUGUST 25, 2024 22:2
People watch Lebanon’s Hezbollah leader Sayyed Hassan Nasrallah delivering a televised address, as they sit at a cafe in Beirut, Lebanon August 25, 2024.(photo credit: REUTERS/MOHAMED AZAKIR)
Israel and Hezbollah traded barbs and warned that their war was not over in the hours that followed an IDF preemptive strike that took out the Iranian proxy group’s missiles and drones before they could hit central Israel early Sunday morning.”What happened today is not the end of the story,” Prime Minister Benjamin Netanyahu told his weekly government meeting.Hezbollah leader Hassan Nasrallah in a televised speech on Sunday evening said that the group’s military operation had ended and “we’ll see what will happen in the future,” based on a translation by GTV.The crippling IDF attack came after 10 months of a cross-border war concurrent with the Gaza war. Thousands of Israeli and Lebanese civilians have been prevented from living in their homes in that area since October due to the conflict.Israel had braced for almost a month for a Hezbollah retaliatory attack after it assassinated its commander Fuad Shukr in Beirut on July 30. It has also expected a retaliatory strike from Iran for the assassination of Hamas leader Ismail Haniyeh in Tehran a day later, even though Israel has not claimed responsibility for his death.
A view of a damaged residential building, after Hezbollah launched hundreds of rockets and drones towards Israel in what the Iranian-backed movement said was a response to the assassination of a senior commander in Beirut last month, in Acre, northern Israel August 25, 2024. (credit: REUTERS/AMMAR AWAD)
Netanyahu referenced the Hezbollah commander’s assassination, stating, “Three weeks ago, we eliminated its Chief-of-Staff and today we thwarted its attack plan.”He warned that Nasrallah and Iranian leader Ayatollah Ali Khamenei in Tehran “need to know that this is an additional step in changing the situation in the North, and returning our residents securely to their homes.”
The international community called for restraint
The international community called for restraint and the United States said it backed Israel’s right to self-defense.IDF Chief of Staff Lt.-Gen. Herzi Halevi and US Chairman of the Joint Chiefs of Staff Gen. Charles Q. Brown met on Sunday night. Brown is making his way through Jordan, Israel, and Egypt in an attempt to solidify the air defense alliance against a potential large Iranian attack and to advance a Gaza war ceasefire-hostage deal.
KAN reported that US intelligence helped thwart the Hezbollah attack, but was not involved in the Israeli operation itself.Netanyahu told his government on Sunday that “Hezbollah tried to attack the State of Israel with rockets and drones.” As a result, he said, “We directed the IDF to carry out an intense preemptive attack to remove the threat.“The IDF destroyed thousands of short-range rockets, all of which were designed to attack our citizens and our forces in the Galilee,” he said.“The IDF intercepted all of the drones that Hezbollah launched at a strategic target in the center of the country,” he said. “We are striking Hezbollah with surprising crushing blows.”Nasrallah said his group was still assessing the impact of the IDF attack as he claimed that his group’s drones and missiles had caused damage to Israel, covered up by Netanyahu’s government.If the operation has achieved its goal, he said, then “we consider the retaliation” has taken place, and if not, “we reserve the right to respond later on.”In the meantime, he said, people can “relax and go back to their homes.”He pledged that Hezbollah would not give up on the battle it “started 11 months ago. … We will not abandon Gaza, nor the people of Gaza, nor the resistance in Gaza, nor Palestine, nor the people of Palestine.”Nasrallah explained that Hezbollah had in part planned its strike for the morning of a US summit in Cairo for a Gaza hostage and ceasefire deal.It had initially delayed its response, he said, first to examine whether to act jointly with Iran and because he had hoped that a Gaza ceasefire would be implemented.But it turns out the timeline had been protracted and the US is not serious about ending the war, Nasrallah said.“Our operations today, in any case,” might help the “Palestinians or the Arabs who are negotiating with the Palestinian team” in Cairo, he said.The message to Hezbollah’s enemies and their backers, the Americans, is that “any hopes to silence these supportive battlefronts [united with Hamas] be it in Lebanon, Yemen or Iraq… are futile,” he said.National Security Council spokesperson Sean Savett said that US President Joe Biden “is closely monitoring events in Israel and Lebanon” and has been engaged with his “national security team.” At Biden’s direction, senior US officials have been communicating continuously with their Israeli counterparts, Savett explained. “We will keep supporting Israel’s right to defend itself, and we will keep working for regional stability,” Savett said.Defense Minister Yoav Gallant updated US Defense Secretary Lloyd Austin about the strike and Netanyahu spoke with Israel’s security cabinet early in the morning.Gallant told Austin, “We have conducted precise strikes in Lebanon in order to thwart an imminent threat against the citizens of Israel. We are closely following developments in Beirut, and we are determined to use all the means at our disposal in order to defend our citizens.”Gallant and Austin discussed the importance of avoiding regional escalation, the Defense Ministry said.Foreign Minister Israel Katz said he had sent a message to dozens of his counterparts “urging them to support Israel against the Iranian axis of evil and its proxies, led by Hezbollah.”“We do not seek a full-scale war – but we will do whatever it takes to protect our citizens,” he said.United Nations Secretary-General Antonio Guterres said he was “deeply concerned by the significant increase in the exchanges of fire across the Blue Line. These actions put both the Lebanese and Israeli populations at risk, as well as threatening regional security and stability.”He called for an “immediate de-escalation and on the parties to urgently and immediately return to a cessation of hostilities, as well as for the full implementation of UN Security Council Resolution 1701 from 2006 that set out the terms of the ceasefire that ended the Second Lebanon War.Two United Nations offices, that of the special coordinator for Lebanon (UNSCOL) and its interim force in Lebanon (UNIFIL) issued a similar call.Egypt, one of the mediators in Gaza ceasefire talks, warned against the dangers of a new war front opening in Lebanon.Yemen’s Iran-backed Houthi group congratulated its ally Hezbollah on what it called a “great and brave” attack on Israel.Reuters and Yonah Jeremy Bob contributed to this report.
END
The Arab world mocks Hezbollah/Nasrallah calling the Lebanon terrorist leader the chicken hunter
(JerusalemPost)
‘Nasrallah the chicken hunter’: Arab world mocks Hezbollah over foiled attack
‘The Chicken Massacre was carried with premeditation and deliberation,’ added one user ironically.
By OHAD MERLINAUGUST 25, 2024 12:27Updated: AUGUST 25, 2024 19:16
A poster showing Hezbollah’s Hassan Nasrallah seen with photos of Israeli chickens (illustrative)(photo credit: FLASH90, VIA REUTERS)
Following a tense morning where the IDF reportedly intercepted a wide missile attack from Hezbollah planned for the significant Shi’i commemoration day of Arba’iniyat Al-Hussain, the Iranian proxy claimed in a formal statement that all rockets and drones that were planned to take part in the attack were indeed operated and pledged to have ended its operations for the day.
Some Hezbollah aficionados lauded the attack, sharing images of damaged houses and small fires that erupted as a result of the attack, while others claimed in a conspiratorial tone that this was an “Implicit coordinated response between the two parties,” adding: “initial response to Israel a chicken coop was destroyed, killing a number of chickens and chicks and breaking thousands of eggs. Damn you scoundrels, you and the Iranian Houthis, you laugh at the Arab peoples, you and the Zionists are two sides of the same coin, implementing one project and one goal.”
However, the relatively low-key impact and damage of the attack sparked a wave of online comments from users around the Arab world mocking Hezbollah for its actions, and focusing especially on reports of damaged chicken pens in the Galilee region.
View of a chicken coop that was hit from a missile fired from Lebanon, in Moshav Ramot Naftali, northern Israel, August 25, 2024 (credit: AYAL MARGOLIN/FLASH90)Mockery across the Arab world
One Kuwaiti user named Fahed uploaded a picture of a dead chicken, adding cynically: “Allahu Akbar! Hassan Nasrallah’s response! Hezbollah’s response! The number of chicken injuries rose to 27 chickens, 5 of them are critically injured, with first-degree burns to the wings and beak, after the chicken pen was targeted in response to the assassination of Fouad Shukr. He says ‘Our missiles are accurate!’”
A parody account named after Syrian tyrant Bashar Al-Assad wrote “A video showing the result of Hezbollah’s response to Israel, where dozens of Israeli chickens were killed and wounded. Is it reasonable that my ally Hezbollah would respond to the assassination of the party’s top military commander by killing chickens? I will now call my friend Hassan Nasrallah to explain to him that Israel is a murderer and assassinated his leaders, not a midwife who delivered them so that he could slaughter chickens on this occasion.”
A Syrian user named Khaled added: “The chicken massacre was not a coincidence, but a strategic plan! The goal? To prevent the opponents and enemies of the ‘resistance’ from gloating after every bombing and saying ‘They didn’t even hurt a chicken.’ Hezbollah finished off the chickens and chicks with premeditation and deliberation, in order to deprive us of the pleasure of joking and mocking its response and missiles!”
A Jordanian commenter added, “Iranian Hezbollah takes revenge for Fouad Shukr and Haniyeh by striking an Israeli chicken coop, killing a number of chickens?!!”
Another Saudi user named Sultan commented ironically: “Hezbollah’s retaliation against Israel following the assassination of Fu’ad Shuker struck a chicken pen where firefighting teams began to extinguish the fire. The results of the bombing: the death of a rooster, two hens, and a young chick.
One user named Omar compared the high-ranking leader assassinated by Israel and Hezbollah’s response, showing the burning chicken pen, while another user named Adel wrote, “Hezbollah excels in its precision in killing chickens.”
The Iranian-loyalist Hezbollah party in Lebanon has been targeting the North ever since Oct. 8, opting for a war of attrition over a large-scale invasion. Their attacks, which featured thousands of rockets and UAVs shot at Israeli communities and bases over the past 10 months, have resulted in several civilian deaths, as well as tens of thousands of evacuees across the country
ISRAEL/HOUTHIS
Red Sea Crisis: Footage Captures Suezmax Tanker Explosion After Houthi Missile Strike As West Fails To Secure Chokepoint
Saturday, Aug 24, 2024 – 11:40 AM
Western nations, led by the US and ones across Europe, with the most modern warship fleets, seem absolutely powerless to stop Iran-backed Houthi rebels from launching missile and drone strikes on merchant vessels in the southern Red Sea and Gulf of Oman (maybe because it’s an election year in the US).
The US and EU have launched numerous military operations committed to ensuring freedom of navigation and maritime security in the highly contested region but have failed repeatedly.
The latest failure by the West comes earlier this week after a missile attack bombarded Greek-flagged oil tanker MV Sounion about 77 nautical miles west of the Yemeni port of Hodeidah, forcing at least one EU warship to rescue the crew of the Suezmax tanker—the largest type of oil tanker capable of transiting the Suez Canal.
On Thursday, EUNAVFOR ASPIDES, the European Union’s military operation committed to ensuring freedom of navigation and maritime security in the Red Sea, warned Sounion was set on fire and carrying 150,000 tons of crude and now “represents a navigational and environmental hazard.”
Fast forward to Friday, when reports from the Financial Times and Reuters say Houthi rebels blew up the oil tanker.
Dramatic video of the explosion was uploaded on x.
Video allegedly showing the MT Sounion exploding and on fire in the Red Sea. The tanker is carrying 150,000 metric tons of oil. A full release of the cargo would make it one of the worst tanker oil spills in history pic.twitter.com/470pc3OQjj
Reuters quoted Houthi military spokesman Yahya Saree in a televised speech, that said the tanker “belongs to a company that has ties to the Israeli enemy and violated the ban decision of entry to the ports of occupied Palestine.”
“The blowing up of the ship marks a new tactic for the Houthis. Since the group began its campaign against international shipping last November, it has sunk two ships — the Rubymar, attacked in February, and the Tutor, attacked in June,” Financial Times noted.
Maritime expert Noam Raydan, and author of The Chokepoint, provided a detailed update on the situation in the Red Sea:
As another crude oil tanker connected to Delta Tankers was attacked this week in the southern Red Sea, I was keeping my eye on some tankers linked to transporting Russian oil, previously attacked by the Houthis due to past links to a UK-based company, and which returned to sail in the Red Sea despite experiencing ASBM attacks in March and April. I selected two specific tankers for my piece, partly because they are not in the region now, including an EU-sanctioned tanker.
When the Houthis attacked the two tankers in the past months, the Yemeni group referred to them as “British” ships based on outdated information. Despite the attacks, the vessels sailed recently in the region. So, why do some Russia-linked tankers continue on their route (and some don’t even turn off AIS in a risky area) following a Houthi attack, while other tankers’ owners or operators avoid the Gulf of Aden/southern Red Sea route and instead sail around southern Africa?
Thread: My Red Sea Update (Beyond the Headlines) Even After Houthi Attacks, Russia-Linked Tankers Return to Red Sea 1/3 As another crude oil tanker connected to Delta Tankers was attacked this week in the southern Red Sea, I was keeping my eye on some tankers linked to transporting Russian oil, previously attacked by the Houthis due to past links to a UK-based company, and which returned to sail in the Red Sea despite experiencing ASBM attacks in March and April. I selected two specific tankers for my piece, partly because they are not in the region now, including an EU-sanctioned tanker. When the Houthis attacked the two tankers in the past months, the Yemeni group referred to them as “British” ships based on outdated information. Despite the attacks, the vessels sailed recently in the region. So, why do some Russia-linked tankers continue on their route (and some don’t even turn off AIS in a risky area) following a Houthi attack, while other tankers’ owners or operators avoid the Gulf of Aden/southern Red Sea route and instead sail around southern Africa? Read my analysis for
Thread: My Red Sea Update (Beyond the Headlines) Even After Houthi Attacks, Russia-Linked Tankers Return to Red Sea
1/3 As another crude oil tanker connected to Delta Tankers was attacked this week in the southern Red Sea, I was keeping my eye on some tankers linked to… pic.twitter.com/2mWR2bFzum
There has been a focus this week on the aggressiveness of the Houthis and the nature of the attacks against two commercial vessels. But if you’ve been tracking how such attacks have been evolving over the past months, you’d know there’s nothing surprising here. The Houthi agenda is clear, and they’ve shown that they are willing to sink ships that fit their “list of targets” (even if the vessels are carrying cargoes from regional countries, like Iraq), and harm seafarers. “Phase 4” of their maritime campaign has been more lethal.
The journey of the recent tanker attacked in the Red Sea, Sounion (IMO 9312145), was very risky, and the owner/operator knows that (will leave it at that for X). The tanker, based on an image of the ship from 2023, and the one published by the French military, @FFEAU_ALINDIEN yesterday, showed that the Sounion had the name Delta Tankers even painted on the hull side- meaning the tanker/company was easily recognizable at sea. And the tanker was being approached by small crafts. This comes after two other Delta Tankers-connected vessels were attacked earlier this month in the Red Sea.
UKMTO reported today that “three fires have been observed” on the Sounion ( crew rescued already) and the vessel “appears” to be drifting. The Houthis claimed responsibility for the fires in a video published on Telegram today. The Sounion is carrying Iraqi oil cargo loaded in Basrah earlier this month.
Note that such attacks on oil tankers don’t halt supply. They affect the shorter route some tankers prefer to take to get to their destination. Meaning oil is flowing- if it cannot get through the Red Sea to Europe for instance, a vessel takes the Cape route. Iraq as an example: Oil shipments to Europe are being delivered via Suez and the Cape route, but more has been moving via the Cape this year. We are not seeing attacks on energy facilities that greatly affect output or exports.
2/3 OnThis Week’s Attacks, and Oil Flows: There has been a focus this week on the aggressiveness of the Houthis and the nature of the attacks against two commercial vessels. But if you’ve been tracking how such attacks have been evolving over the past months, you’d know there’s nothing surprising here. The Houthi agenda is clear, and they’ve shown that they are willing to sink ships that fit their “list of targets” ( even if the vessels are carrying cargoes from regional countries, like Iraq), and harm seafarers. “Phase 4” of their maritime campaign has been more lethal. The journey of the recent tanker attacked in the Red Sea, Sounion (IMO 9312145), was very risky, and the owner/operator knows that (will leave it at that for X). The tanker, based on an image of the ship from 2023, and the one published by the French military,
yesterday, showed that the Sounion had the name Delta Tankers even painted on the hull side- meaning the tanker/company was easily recognizable at sea. And the tanker was being approached by small crafts. This comes after two other Delta Tankers-connected vessels were attacked earlier this month in the Red Sea. UKMTO reported today that “three fires have been observed” on the Sounion ( crew rescued already) and the vessel “appears” to be drifting. The Houthis claimed responsibility for the fires in a video published on Telegram today. The Sounion is carrying Iraqi oil cargo loaded in Basrah earlier this month. Note that such attacks on oil tankers don’t halt supply. They affect the shorter route some tankers prefer to take to get to their destination. Meaning oil is flowing- if it cannot get through the Red Sea to Europe for instance, a vessel takes the Cape route. Iraq as an example: Oil shipments to Europe are being delivered via Suez and the Cape route, but more has been moving via the Cape this year. We are not seeing attacks on energy facilities that greatly affect output or exports. See the link below for all the information you need to know about the attacks, owners/operators, cargoes, and also details on the activities carried out by US CENTCOM. The map below covers maritime attacks in the Middle East since Nov 2023 when the Houthis started their maritime campaign. I created the project with my colleague
2/3 On This Week's Attacks, and Oil Flows: There has been a focus this week on the aggressiveness of the Houthis and the nature of the attacks against two commercial vessels. But if you've been tracking how such attacks have been evolving over the past months, you'd know there's… pic.twitter.com/4b8295chXl
“Some keep asking why the Houthis are attacking those commercial vessels. The Yemeni group has an agenda, and they have divided their maritime campaign into five phases so far, and they’ve been following it. I summarize below the phases based on statements from the group, and a televised speech by their leader.”
To put it in perspective, Sounion is hauling 150,000 tons of crude—a little more than four times the amount spilled by the Exxon Valdez in 1989. This raises the alarming possibility of a major environmental disaster in the Red Sea, as Western militaries struggle to ensure freedom of navigation and maritime security in this critical maritime chokepoint.
end
RUSSIA/UKRAINE/
Russia;s capture of Pokrovsk could reshape the conflict. The taking of Pokrovsk allows for the free sailing to Kharkov and the rest of the Donbass.
(zerohedge)
Russia’s Capture Of Pokrovsk Could Reshape The Conflict’s Dynamics
Ukrainian officials have urged locals in and around the town of Pokrovsk to evacuate within the next two weeks as Russian forces rapidly approach this pivotal military logistics hub.
The head of neighboring Mirnograd’s military administration bluntly said:
“Don’t wait. It will not get better, it will only get worse. Leave”, and then admitted that “The enemy is advancing faster than expected.”
The Associated Press cited local commanders who blamed Russia’s swift gains on their side’s poorly trained conscripts.
One of them claimed that “Some people don’t want to shoot. They see the enemy in the firing position in trenches but don’t open fire. … That is why our men are dying…They don’t receive even the lowest standard of training required for our (combat) actions.” An unnamed soldier also lamented that “The main problem is the survival instinct of newcomers. Before, people could stand until the last moment to hold the position. Now, even when there is light shelling of firing positions, they are retreating.”
The poor quality of Ukraine’s recruits casts doubt on whether the whopping 120,000 troops that Belarusian President Lukashenko claimed had been deployed along his border could make much of a difference if some of them are sent to Donbass out of desperation to halt Russia’s advance. They’d more than likely participate in “meat waves” like those before them did in Artyomovsk/Bakhmut and Avdeevka, and just like their predecessors, they’re also destined to sacrifice themselves in vain.
Russia’s capture of Pokrovsk, however long it might take, could reshape the conflict’s dynamics due to this town’s strategic significance for Ukraine’s military logistics. Beyond it are just a few lightly defended towns and then vast expanses of grassland that could become the scene of maneuver warfare. Ukraine’s US-backed invasion of Kursk reminded observers that maneuver warfare isn’t dead like some had earlier claimed, and it might soon make a major comeback in the fields past Pokrovsk.
Ukraine’s successes in Kharkov, Kherson, and most recently Kursk over the past two and a half years were the result of missteps on Russia’s part, not examples of Ukrainian “military genius” like its supporters in the media misportrayed them as. It either exploited overstretched and undermanned supply chains in the first two cases or took advantage of a poorly defended border in the second. None of these three precedents suggests that Ukraine is capable of beating Russia head-to-head at maneuver warfare.
It’s therefore possible that Russia could quickly capture broad swaths of Donbass once maneuver warfare begins to be fought along that front upon its capture of Pokrovsk, which could then improve its position for assaulting the heavily defended Kramatorsk-Slavyansk agglomeration in northern Donbass. In that event, Russia might also take advantage of its post-Pokrovsk maneuver warfare successes (assuming that they’re achieved as expected) to branch out in other directions.
Capturing Pokrovsk would enable Russia to move north into southern Kharkov, west into eastern Dnipro (neither of which it has any territorial claims to), and southwest into Zaporozhye (all of which it claims). Opening up a third front in Kharkov to complement the northern and eastern ones from Belgorod and Lugansk could be seen as revenge for Kursk as could opening one in Dnipro. The Kharkov vector could also help cut off supply lines to Kramatorsk-Slavyansk and thus facilitate the full capture of Donbass.
Moving into southeastern Dnipro could be a shortcut for launching operations in northern Zaporozhye so it also can’t be discounted due to the possibility that this could lead to a siege of the latter’s namesake administrative center. Observers can only speculate which vector(s) Russia would move into after Pokrovsk and when that might be, but the point is that maneuver warfare might play a large role in its forthcoming operations after that tow is captured.
Ukraine’s poorly trained conscripts and its lightly defended towns beyond Pokrovsk increase the odds of a partial Russian military breakthrough up to the next heavily defended localities further afield, and this could result in serious changes to the way in which Ukraine fights this conflict. It could either stay the course by doubling down on Kursk (and potentially opening new fronts in Belarus and/or Russia’s other border regions) at the expense of Donbass or decisively shift back to the latter at the former’s expense.
Either way, it’ll be forced into a dilemma, especially if Russia opens up new fronts in Kharkov and/or Dnipro in parallel with putting maximum pressure upon Donbass’ Kramatorsk-Slovyansk. Ukraine thus stands to lose more ground, or it could explore whether Russia would be willing to swap whatever Kiev controls in Kursk for whatever Moscow controls in Kharkov (and possibly also Dnipro by then). The possibility also exists that Ukraine could become hellbent on crossing Russia’s non-negotiable red lines.
About that, this could take the form of a nuclear provocation (such as that which could be caused by a crippling attack against its nuclear power plants or spent nuclear fuel storage sites there), a high-level assassination, or a terrorist attack even worse than the recent Crocus one. The purpose would be to provoke Russia into using nuclear weapons just like Lukashenko warned last week that Kiev wants to do, which could then serve as the tripwire for a conventional NATO intervention in Ukraine’s support.
All told, Russia’s capture of Pokrovsk might still take a while since Kiev could decide to turn this town into the next Artyomovsk, but the conflict’s dynamics will likely be reshaped once that happens if Russia can employ maneuver warfare against the lightly defended towns in the fields beyond. Any subsequent breakthrough would force Ukraine into the dilemma of prioritizing some fronts and the expense of others, but it might try to cut the Gordian knot through a series of swaps or escalations instead.
It’s anyone’s guess what it would do in that scenario, but those are the three most likely options: sacrifice one front to save another; swap land with Russia; or try crossing Russia’s non-negotiable red lines as part of a dangerous gamble to “escalate to de-escalate” up to the brink of provoking World War III. In any case, all eyes will be on Pokrovsk as Russia inches towards this pivotal military logistics hub and inevitably begins battling for control of it, so everyone will eventually see what Kiev ultimately does.
RUSSIA//MUSLIMS
Russia also has Muslim problems
(zerohedge)
Snipers Respond To Islamist-Inspired Rebellion, Hostage Crisis At Russian Prison
Friday, Aug 23, 2024 – 10:25 PM
Russian authorities have confirmed that on Friday there was a major, violent uprising at a maximum security prison in the country’s south. It appears unrelated to the ongoing Ukrainian invasion of Russia’s southern border regions, and reportedly involved Islamist prisoners affiliated with ISIS.
Several officers at the penal colony in the town of Surovikino were killed, and several staff were taken hostage by the rebelling inmates, before it was put down by an elite Russian commando team. The location has been identified as IK-19 Surovikino facility in the southwestern Volgograd region.
The National Guard of Russia, also known as the Rosgvardia, announced in a Telegram statement: “Snipers from the special forces of the Russian National Guard in the Volgograd Region neutralized four prisoners who had taken prisoner employees hostage with four precise shots; the hostages were freed.”
Videos from the scene which emerged on social media and showed the hostage-takers waiving ISIS flags. State media sources say that at least eight prison officers had been taken hostage during the ordeal. Other sources say a dozen total people were held hostage, which included some inmates who weren’t among the attackers.
According to the WarGonzo Telegram channel, one of the hostage-takers was wearing a purported suicide belt which failed to detonate.
The identities of the attackers have been confirmed, according to media reports citing court records. One of the four was a convicted murderer while the other three were serving time for drug trafficking charges. All were reportedly natives of Uzbekistan and Tajikistan.
Photos shared by the pro-Kremlin Telegram news outlet Mash showed prison inmates with knives standing above bloodied guards. In unverified videos shared on Telegram, the alleged attackers said they were affiliated with the Islamic State militant group and taking revenge for the Crocus City Hall terror attack in March.
The assailants stabbed the employees, including some who tried to resist. At least three were killed, and there were conflicting reports from officials over the fate of a fourth prison guard.
The uprising involved crude weapons, and the deceased guards reportedly died due to stab wounds. Two of the attackers later succumbed of their wounds at a hospital after being shot by sniper teams.
CNN comments on some of the disturbing images as follows: “Graphic footage circulating on social media showed three uniformed prison staff members lying motionless in pools of blood, one with his throat slashed. A fourth staff member is seen on his knees in a doorway.”
END
UKRAINE/RUSSIA/BELARUS
Pat no attention to Ukraine’s empty threat.
(zerohedge)
Ukraine Sounds Alarm Over Large Belarus Force Build-Up On Border
Monday, Aug 26, 2024 – 11:45 AM
In a strategic move which puts pressure on Ukraine in response to its ongoing Kursk incursion into Russia, Belarus has built-up its troops along parts of its southern border with Ukraine.
A Sunday statement by Ukraine’s Ministry of Foreign Affairs demanded that Belarus pull back its forces or risk further escalation and “tragic mistakes”.
The statement described that under the guise of exercises, “a significant number of personnel, including Special Operations Forces, weapons, and military equipment” are present at the border. It additionally named the presence of former Wagner PMC forces.
“We warn Belarusian officials not to make tragic mistakes for their country under Moscow’s pressure,” the Ukrainian foreign ministry continued. “We emphasize that Ukraine has never taken and is not going to take any unfriendly actions against the Belarusian people,” it added.
Belarus and Russia are treaty allies which form a “Union State” – and Moscow utilized Belarusian territory to kick off its February 2022 invasion of Ukraine territory. President Putin last year also ordered the positioning of tactical nuclear warheads at Belarusian bases, overseen by Russian officers. Both countries are under heavy US/EU-led sanctions.
Alarmingly, Kiev has also called out Belarus for threatening nuclear safety, given the proximity of the alleged force build-up, per Politico:
Ukraine’s statement noted the Belarusian troop deployment was concentrated in an area near the Chernobyl Nuclear Power Plant, warning: “Conducting exercises in the border area and in close proximity to the nuclear power facility… poses a threat to the national security of Ukraine and global security in general.”
Kiev’s fresh statement concluded: “We warn that in case of a violation of Ukraine’s state border by Belarus, our state will take all necessary measures to exercise the right to self-defense guaranteed by the UN Charter.”
“Consequently, all troop concentrations, military facilities, and supply routes in Belarus will become legitimate targets for the Armed Forces of Ukraine.”
Ukraine and its Western partners have been monitoring the presence of Wagner mercenaries in Belarus and in foreign lands…
Russia’s Wagner mercenary group said on Monday that it only operated in Africa and in Russian ally Belarus, and its soldiers were no longer fighting in the Ukraine war.
Despite several border incidents and accusations, Belarus has by and large stayed on the sidelines throughout the Russia-Ukraine war, though it has allowed Moscow forces to launch drones from its territory. But a feared troop incursion by Minsk forces into Ukraine has never come.
Yet Ukraine’s threats that Belarusian troops could become “legitimate targets” are somewhat empty, given Ukraine’s military is suffering severe manpower problems, and the opening of another war front with Belarus would only exacerbate the crisis.
end
RUSSIA UKRAINE/LATE THIS AFTERNOON:
Russia Unleashes One Of ‘Largest’ Nationwide Aerial Attacks Of War
Monday, Aug 26, 2024 – 01:05 PM
Russia has once again launched large-scale drone and missile attacks targeting energy sites across Ukraine, including in the capital of Kiev, resulting in three civilian deaths, emergency authorities said.
A total of 15 of Ukraine’s 24 oblasts came under the early morning attack, including by cruise missiles and Kinzhal hypersonic missiles, according to the country’s Prime Minister Denys Shmyhal.
“To stop the barbaric shelling of Ukrainian cities, it is necessary to destroy the locations from where Russian missiles are launched,” Shmyhal said on Telegram. “Ukraine needs long-range weapons and permission from our partners to use them against Russian targets.”
“The enemy used various types of weapons: drones, cruise missiles, and Kinzhals [supersonic missiles]. There are wounded and dead,” Shmyhal described.
President Zelensky wrote on X: “The energy sector has sustained significant damage, but in every area affected by power outages, restoration work is already in progress.” He further confirmed that these country-wide air attacks were among the “largest” witnessed since the war’s start.
Energy Minister Herman Halushchenko announced a country-wide state of emergency in the aftermath, warning of major emergency power disruptions, and in at last two regions this impacted the water supply. He said Russia is “terrorizing” Ukraine by continually going after its critical infrastructure. Significant power outages were reported as far West as Lviv.
Video: aftermath of attack on Kyiv hydro power plant…
Russian Nazis have hit Kyiv hydro power plant dam today. Kyiv dam holds 3,7 billions tons of water, and is located upstreams from Kyiv, so a breach of Kyiv dam would kill thousands of civilians in Kyiv and nearby towns. Russia must be stopped by force. Now. pic.twitter.com/QPfqchIXF8
Russia’s Defense Ministry later announced it had hit “all designated targets” with a statement describing, “This morning, the Armed Forces of the Russian Federation launched a large-scale strike using long-range precision weapons from air and sea, as well as combat drones, targeting critical energy infrastructure that supports Ukraine’s military-industrial complex.”
Meanwhile, Ukraine also sent more drones toward Russia, resulting in injuries. At least four people were wounded in Saratov when drones smashed into residential buildings.
A high-rise in Saratov city was hit, and another building in Engels was damaged, local officials said. Dramatic footage captured the moment the Saratov skyscraper was attacked:
BREAKING: Watch the moment a drone crashes into the 38-story Volga Sky residential complex, the tallest building in the city
This fresh major Ukraine-wide aerial operation by Russia appears to be ongoing retaliation for the Kursk incursion. Western sources have claimed Ukraine forces have captured more territory in Kursk, including over 200 Russian troops taken as POWs.
President Zelensky is on Monday urging that the West do more: “In our various regions of Ukraine, we could do much more to protect lives if the aviation of our European neighbors worked together with our F-16s and together with our air defense,” he said. He is at this point essentially calling on NATO to join the war directly on Kiev’s behalf.
END
.6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUE
COVID 19 is and will always be a preventable pandemic
Arguably, however, the Commission’s most infuriating conclusion was this: The global pandemic was “totally preventable,” in the words of Commissioner Dr. Robert Redfield, an experienced virologist who headed the CDC during the outbreak.
Had the Chinese government been more transparent and cooperative at the outset of the pandemic, millions of lives and trillions of dollars could have been spared. The pandemic’s “proximal origin,” the Commission found, was the Chinese government’s “aggressive opposition to honesty, transparency, and accountability” along with its “systemic cover up.”
The Cover-Up
The Commission—a blue-ribbon team of experts led by former Director of National Intelligence John Ratcliffe and supported by data scientists, economists, and lawyers—concluded that the SARS-CoV-2 virus began circulating months before Beijing warned the world, likely in August-September 2019. The Chinese government then not only withheld key details, it engaged in an elaborate and deadly coverup.
Dr. Jamie Metzl—one of the Commission’s Democrats who served at the National Security Council, U.S. Senate, and State Department—condemned Beijing for having “destroyed samples, hidden records, imprisoned Chinese citizen journalists, gagged Chinese scientists, blocked any meaningful international investigations, and cynically sandbagged the World Health Organization.”
Ratcliffe described China’s behavior during this period as “frankly inexcusable.”
Added Metzl: “There can be, in our view, little doubt that China’s government is primarily responsible for the COVID-19 pandemic. But for the unique pathologies of the Chinese state, there very likely would have been no pandemic at all.”
The Cost
Worldwide, the COVID-19 pandemic is considered one of the seven deadliest plagues in human history, with excess deaths topping 28 million, according to some estimates. The World Bank has characterized the economic upheaval caused by the pandemic as “the largest global economic crisis in more than a century,” with low-income countries hit the hardest.
The Commission’s assessment that the pandemic cost the U.S. alone $18 trillion includes $8.6 trillion in “excess deaths,” $1.8 trillion in income lost, $6 trillion in chronic conditions like “long COVID,” $1.1 trillion in mental health costs, and $400 million in education losses.
The Origin
While the origin of the pandemic wasn’t the focus of the Commission, notably all nine Commissioners concluded, without dissent, that the pandemic “very likely stemmed from a research-related incident in Wuhan.”
Indeed, evidence continues to emerge further strengthening the “lab leak” theory and casting greater doubt on the “natural spillover” theory. The Wuhan Institute of Virology (WIV) was at the time conducting dangerous gain of function experiments to make coronaviruses more transmissible to humans, and it was doing so in alarmingly unsafe conditions.
The WIV experienced an unspecified “incident” in 2019, when several lab workers fell sick, the Chinese military abruptly assumed control of the lab, the lab mysteriously deleted its online database of over 10,000 bat virus samples at 2:00am, and ordered an expensive new air incinerator. A Chinese military scientist then produced a vaccine with logic-defying speed before suddenly going missing and being scrubbed from government records.
In recent months, new details have emerged about a 2018 grant proposal that sought funding to manipulate coronaviruses at the WIV in very specific ways—ways that exactly match the highly unusual features of the SARS-CoV-2 virus that have never been seen in nature.
At the event unveiling the Heritage report, Dr. Redfield contended SARS-CoV-2 shows “clear signs of engineering” and its origin “had nothing to do with” a natural spillover event at a Wuhan animal market. The full Commission report concludes that despite four years of extensive hypothesis testing, today “there is no evidentiary basis” for the theory of natural spillover. The handful of early pandemic academic papers advancing the natural spillover theory have since been hollowed out by fatal challenges to their underlying methods and conclusions.
Rather than a viral leap from animal to humans, Dr. Redfield contended that the pandemic was “a direct consequence of scientific arrogance, with the scientists that were intentionally teaching this virus how to infect humans never recognizing something would ever go wrong. And, in fact, unfortunately this virus did escape.”
Preventing Another Pandemic
To avoid a future pandemic and hold the Chinese government accountable, the Commission report concluded with several practical recommendations for the U.S. government:
Establish a bipartisan national COVID commission to conduct “a review of China’s negligence and cover-up as well as an evaluation of domestic policies that were implemented” in response to the pandemic;
Create a bipartisan reparations or compensation task force to cover claims against the Chinese government;
Facilitate the filing of civil claims against China to allow civilians harmed by COVID to receive compensation by amending the Foreign Sovereign Immunities Act;
Decouple U.S. government and commercial supply chains from Chinese state-backed companies;
Audit all U.S. government funding for biomedical research and related research activities in China;
Impose economic sanctions on Chinese officials and entities who were complicit in or supported the “distortion and concealment” of information related to the COVID pandemic.
The COVID-19 pandemic was almost certainly the deadliest and costliest event of the 21st century. Beijing’s ability to escape virtually any accountability—and the global media’s relative disinterest in the pandemic’s origins, cost, and China’s culpability—are equal parts confounding and infuriating.
“China’s response to SARS1 20 years ago was abysmal,” Dr. Metzl argued at the Heritage event. “China’s response to SARS2, 20 years later despite all these international processes, was even worse. And the reason…is there was no accountability for all the obfuscation in the first case. With 28 million people dead as a result of COVID-19 and tens of trillions of dollars in damages it simply unacceptable, and frankly unimaginable, that every stone should not be overturned examining what went wrong.”
end
The Mega vaxxed Fauci has low immunity and thus prone to diseases. He just caught the rare West Nile Virus.
Giga-Vaxxed Fauci Somehow Contracts Ultra-Rare
West Nile Virus On Heels Of COVID-19 Infection
Saturday, Aug 24, 2024 – 08:25 PM
Talk about bad luck!
Former NAIAD Director Anthony Fauci – who outsourced risky COVID gain-of-function research to a shoddy Chinese lab, and was then put in charge of handling a COVID pandemic that broke out down the street from said lab – has somehow contracted the ultra-rare West Nile virus right on the heels of a nasty COVID infection.
Fauci, 83, was hospitalized for six days and is now at home recuperating from the mosquito-borne disease, the Washington Postreports.
“Tony Fauci has been hospitalized with a case of West Nile virus. He is now home and is recovering. A full recovery is expected,” said a spokesperson.
According to the report, Fauci has no idea how he got West Nile – a mosquito-borne illness that can cause fever, body aches, diarrhea and rash – and for which there is no vaccine or treatment.
Amazingly, there have been just 216 human cases of West Nile reported across 33 states so far this year, according to the CDC. Last year, 1,800 people were sent to the hospital with West Nile, which killed 182 people.
Earlier this month, the 83-year-old revealed that he caught COVID for a third time despite having been “vaccinated and boosted six times.”
Dr. Fauci has COVID again for the third time and has been vaccinated and boosted six times
So in late September / early August, Fauci catches COVID. Then he somehow catches the ultra-rare West Nile virus and is hospitalized. What are the odds?
In 2021, Fauci famously said “If you get vaccinated, you are protected,” and “When people get vaccinated, they can feel safe that they are not gonna get infected.”
What are the chances a guy who’s clearly comfortable lying… is lying again?
Daryl Hall shuts down PNE concert after three songs due to COVID
August 23, 2024
Daryl Hall walked off the stage during his solo show at the PNE Fair Wednesday night after just three songs, saying he felt ill. Hall’s manager Jonathan Wolfson said afterward that he has tested positive for COVID and is also cancelling a Friday show at the Albertsons Boise Open in Idaho. PNE spokesperson Laura Ballance said Hall tried to perform as part of the PNE Fair’s Summer Night Concerts series but “he left the stage because he was not well and couldn’t return. The 77-year-old Hall — known for his hit-making collaboration with fellow Philly soul veteran John Oates in the 1980s and ’90s as well as for his solo career — had stepped into the concert lineup after ’70s punk-new wave rockers Blondie cancelled a series of shows including the Vancouver date.
Kathleen Turner leaves stage during performance of musical at Ogunquit Playhouse
August 16, 2024
Ogunquit, Maine — A spokesperson for the Ogunquit Playhouse said actress Kathleen Turner left the stage during a performance of a musical she is starring in at the Maine theater. Carol Chiavetta, the theater’s director of marketing and communications, told Maine’s Total Coverage that Turner started feeling ill during Friday’s 2 p.m. matinee of the musical “A Little Night Music” and could not complete her performance. Turner has been starring as Madame Armfeldt in the musical’s run at the Ogunquit Playhouse, which started July 18 and is set to end after two scheduled shows on Saturday. Chiavetta said Turner’s understudy finished the rest of Friday afternoon’s show, and that Turner’s status for the 8 p.m. show is unclear. Turner, 70, won two Golden Globes for her performances in the 1980s films “Romancing the Stone” and “Prizzi’s Honor.” The actress has spoken publicly about her decades-long struggle with rheumatoid arthritis.
If you like “News from Underground” (or hate it, but get something out of it), please read this post.
Coal Chamber postpone tour after frontman Dez Fafara’s near-death medical emergency
August 16, 2024
Coal Chamber were set to launch a headlining US tour featuring Fear Factory, Twizted, and Black Satellite next week, but the outing has been postponed after frontman Dez Fafara [58] experienced a near-death medical emergency. The “Fiend for the Fans Tour” was supposed to launch on August 23rd, but is now set to kick off on March 5th, 2025, in Denver, and run through an April 18th show in Maplewood, Minnesota. Fafara, who had previously battled long COVID, detailed his harrowing medical experience is an open letter to fans, writing: “With a heavy heart, let me tell you a story about life taking a turn, I’m writing to you from my bed. I’ve been running 6 miles daily, I’ve been rehearsing two hours daily in my home studio and excited to hit the road, I’m excited to get on a bus with my brothers and sister and my crew. I’d never felt better and as you all know, I fought back hard after long haul COVID tried to kill me. Saturday morning I woke up and I was coming up my stairs. I saw flashes in my eyes. I passed out and my wife revived me. My vitals were through the roof, and I was sheet white and vomiting, and the whole world was spinning. Anahstasia called 911. I ended up in the back of an ambulance and did nine hours in the ER testing all my vitals including taking X-rays of my heart and lungs. My doctor has advised me to get a cat scan, and until further testing, I am on bedrest and must postpone the Tour. Our agent sprung into action to rebook this tour for March 2025, and until we can figure out what the fuck medically is happening.”
Iconic New Orleans drummer Shannon Powell recovering from devastating stroke, heart attack
August 23, 2024
Shannon Powell, the jovial, iconic New Orleans drummer known as the “King of Treme,” set out on what he thought would be a quick grocery run hours before his scheduled performance at the Satchmo Summerfest on Aug. 4. But instead of powering his all-star band at the festival that afternoon, Powell found himself at University Medical Center, fighting for his life after a devastating medical emergency. Powell, who spent six years touring and recording with Harry Connick Jr. and is a mainstay at Preservation Hall, was driving to the grocery when he first experienced symptoms that Sunday. He pulled over and called his wife, Lucritia, who quickly arrived and drove him to the hospital. Doctors discovered the 62-year-old Powell had suffered a life-threatening hemorrhagic stroke caused by bleeding in his brain. While undergoing emergency care for the stroke, he had a heart attack. According to an account posted online by Lucritia, her husband’s heart function was reduced to 20% and he was left with congestive heart failure and blood clots. Currently, Lucritia wrote, Shannon “remains in recovery surrounded by his family. He is thankful to be alive but faces a challenging and uncertain road to recovery.”
Travel writer Rick Steves has prostate cancer; Pittsburgh radio’s Paul Rasmussen has multiple silent heart attacks; Yankee’s Alex Verdugo now allergic to his own tattoos and mitt; & more
Boy Meets World’ star Danielle Fishel reveals breast cancer diagnosis
August 19, 2024
Boy Meets World alumna Danielle Fishel [43] has revealed she has been diagnosed with early breast cancer. “I was recently diagnosed with DCIS, which stands for ductal carcinoma in situ, which is a form of breast cancer,” she told listeners on Monday’s episode of her Pod Meets World podcast. “It is very, very, very early,” the actress continued. “It’s technically stage zero. To be specific, I was diagnosed with high-grade DCIS with micro-invasion. And I’m going to be fine. I’m having surgery to remove it. I’m going to be on some follow-up treatment. I’ve had to make a lot of decisions over the last couple of days.”
WJHG News Director and Anchor Donna Bell begins battle with breast cancer
August 23, 2024
Panama City Beach, Fla. – On NewsChannel 7 at 11 Friday, News Director and Anchor Donna Bell shared her breast cancer diagnosis with viewers. She hopes her message helps educate others on the importance of early detection and awareness. “As many of you know, I lost my mom to breast cancer, so this is a difficult one for me. I don’t think it was a coincidence that I found my cancer on a mammogram on what would have been her 80th birthday. That mammogram was just seven and a half months after a normal mammogram. I felt like something was wrong, and I got it checked out. My doctor listened to my concerns and sent me for a mammogram that caught this at a very early stage.”
Sundance Head [46], who won The Voice in 2016 as part of team Blake Shelton, revealed on Wednesday (Aug. 21) that his wife Misty has been diagnosed with cancer. The singer says that Misty was diagnosed with “cancer on her face,” and doctors told her that it would need to be removed before causing further “issues” in her body. Misty underwent surgery, leaving her with a scar above her lip. The couple have been married for 18 years and share two children, 18-year-old Levi and 10-year-old Brazos.
If you like “News from Underground” (or hate it, but get something out of it), please read this post.
‘Crowdfunder launched to support Gorillaz collaborator and Chicago House singer Peven Everett’s cancer treatment
August 16, 2024
A crowdfunder has been launched to support the cancer treatment of Peven Everett [49]. The Chicago house singer, producer and Gorillaz collaborator has been diagnosed with lung cancer, as per a message on the newly launched GoFundMe page, and treatments are becoming increasingly pricey. Everett’s friend, George Shaban, is the one behind the fundraiser, and it was launched at the end of last month with the hopes of gathering $100,000 in donations to help support the cancer treatment.
Rick Steves reveals cancer diagnosis in moving social media post
August 22, 2024
Beloved travel writer and TV personality Rick Steves [69] revealed he’s been diagnosed with prostate cancer and will take a break from filming his travel show. Steves, whose long-standing public television show “Rick Steves’ Europe” has been a staple in many travelers’ lives, said in a Wednesday post on X he will plan to film two new shows in France before returning to his home in Edmonds, WA, by mid-September for surgery. He said he expects to “be laid up for a month, and — God willing — be cancer-free and back at it by the end of October.”
Steves said traveling from the United States to Europe can feel safe and doable as long as travelers follow four key tips: get vaccinated, carry a CDC vaccination card, fill out a passenger locator form if one is required, and get a COVID-19 test before each flight.
KDKA Radio’s Paul Rasmussen recovering after multiple silent heart attacks
August 20, 2024
Pittsburgh, PA – KDKA Radio morning news anchor Paul Rasmussen [63] is doing “OK” after a scary incident on Monday morning. During his shift, Rasmussen wasn’t feeling well and thought he could be having a heart attack. He left and went to the emergency room to be checked out. After some tests, it was revealed that he had a couple “silent heart attacks.” He had some follow-up tests done on Tuesday and will see a specialist on Wednesday.
Yankees OF Alex Verdugo is reportedly allergic to his own tattoos, batting gloves
August 28, 2024
New York, NY – Alex Verdugo reportedly has a problem. Yes, the New York Yankees outfielder has struggled this season, but an article from NJ.com’s Randy Miller revealed there could be an odd reason for that: Verdugo is allergic to the chemicals cobalt and chromate. Which isn’t great when those chemicals are used to make your batting gloves. And your tattoos. As Verdugo reportedly described it, he has been dealing with sores and pain in his hands and fingers for the past three seasons, to the point that he wraps his palms with gauze and knuckles with medical tape before every game. Before the 2021 season, Verdugo was a career .290/.345/.458 hitter with the Los Angeles Dodgers and Boston Red Sox. This year, he is hitting .237/.297/.368, the worst marks of his career over a full season.
‘Four more years of disastrous Biden-Harris policies, at home and abroad, can take us past that fatal point.
Many Republicans seem confident that they will win this year’s election. But just a couple of years ago, they were equally confident that they would win control of both houses of Congress in a “red wave.”’
‘But do 330 million Americans deserve to see their lives ruined by another four years of the Democrats’ economic disasters and unchecked violence by both domestic and imported criminals?
me fight as we get Trump to stand up & speak out against the fraud deadly lockdowns in COVID that harmed so many & do not be silent Bobby Jr., stand up against the Malone Bourla mRNA vaccine
So very must admiration for Tucker here and there are so many who Trump let around him in his orbit in 2016 to 2020 and he had to fire them for they were Manchurian traitors, all of them, evil beasts, money hungry whore beasts like Kelly, Scaramucci, Tillerson, Bolton, McMaster et al. Trump told us they were the best thing to sliced bread and then he fired them…I hope that phase is over, that shacky sub-optimal hiring, but I am worried based on his present campaign same crap still going on…I know Bobby Jr. is in no way like those dogs, Bobby Jr. IMO is a good man, and I have nothing ill to say about Shanahan…I don’t know of her…
but Bobby Jr. can be trusted and is not playing Trump…my sense….he JFK Jr. wants to do good so we support him…if he comes, I will hold his feet, Bobby Jr.’s feet to the fire to help drag fuckers like Malone, Bourla, Bancel, Sahin, Weissman, Kariko etc. into courts, join me Bobby Jr. for I am relentless with that, all them bitches getting cases for what they did with COVID and the deadly mRNA vaccine that they all profited on…we want them in courts under oath to explain…their death work….Malone (mRNA technology inventor he said), drag his ass in, Bourla (Pfizer CEO), drag his crooked criminal ass in, Bancel (Moderna), drag his crooked criminal ass in, Sahin (BioNTech), drag his criminal ass in, Weissman (mRNA technology) drag his crooked ass into court…all of them….join me Bobby Jr. to help drag Malone et al. into courts…all of these evil bitches who have done nothing but benefit from their deadly work…
praise for this & this is test; Trump does not need Bobby Jr. to handle global issues though Bobby Jr. is well able; Trump needs him to blunt Kamala’s record & to go against Malone Bourla
Sahin, Bancel, Kariko et al. and the death they brought…this deadly mRNA technology….it must be stopped….Malone Bourla Weissman et al.’s work in the mRNA vaccine killed people, these people are murderers and must face proper courts. Under oaths etc. The American people need accountability, and this is where Bobby Kennedy Jr. must not go silent and bail. This is where is has done best now and where he has to stake his position and show leadership. He has to now openly stand against Malone, Bourla, Bancel et al. No playing games, name them, call them out and help go after them all. All the wrong does. Silence will raise serious questions.
Thanks Bobby Jr. and Ms. Nicole Shanahan has shown the testicular fortitude missing by most and I thank her. She is basically calling Malone and Bourla and Bancel et al. the murderers they are. The profiteers they are. She must be praised, she is bold. Many died and she is standing now for them with her call out.
to come clean and stand up against the harms of the lockdowns, the failures of OWS and the deadly Malone Bourla Sahin mRNA vaccine; 100% agree but Nicole CANNOT forget that Biden & Harris MANDATED
the vaccine, yes Trump brought it under OWS yet greatly misled by criminals Fauci, Birx, Malone, Azar, Boula, Bancel, Weissman and all linked to the mRNA even Moncef Slaoui, and General Perna, Hahn (FDA), Marks (FDA), Woodcock (FDA) etc. but it was the Biden administration (Harris, Obama, Jha, Walensky, Murthy, etc.) who rolled it out and MANDATED it and forced more lockdowns and masks and mandated the vaccine under threat of law etc. People died due to the Malone Bourla Kariko mRNA vaccine but the Biden administration mandated it! So Nicole, just reminding you that if daddy T has to apologize as you asked, so must the Biden administration but I argue, many must go to jail or be hung after courts…so thank you Nicole (Ms. Shanahan)! But daddy T does not need apologize technically, he has to explain and call them out so we know who to hang…so the right word is ‘come clean’ and tell us the inside. The ‘whole story’. But blame and accountably must be shared by both administrations. Not just admission by Trump.
The left-wing Washington Post admitted that lame-duck President Joe Biden’s inner circle conspired to hide his cognitive decline from the American people.READ MORE
As the corporate media continues its shameless propaganda campaign to rebrand Kamala Harris, the Washington Post is now claiming that the Democrat presidential candidate’s husband Doug Emhoff is a “modern female fantasy.”READ MORE
NEW VIDEO EMERGES: Police Officer Reports Crooks on Roof, Secret Service Ignores WarningYet another ‘coincidental’ Secret Service failure that resulted in the attempted assassination of President Trump. The Secret Service failed to collect radios set aside for them by Butler County law enforcement at Trump’s rally on July 13. Would-be assassin Thomas Crooks managed to climb onto a roof next to Trump’s rally in Butler, Pennsylvania and had Trump in his scope. …READ THE FULL REPORT
BOMBSHELL: Secret Service Headquarters Ordered Agents NOT to Request Additional Manpower for Trump RallyAs more details emerge about the Trump rally in Butler, Pennsylvania, the situation is looking increasingly troubling for the Secret Service. On Friday, Senator Josh Hawley revealed troubling new information from a Secret Service whistleblower, indicating that agency headquarters had explicitly instructed agents not to request additional personnel for the event, knowing such requests would be immediately denied. It’s almost …READ THE FULL REPORT
Jack Smith’s Case Hits Another Roadblock: Special Counsel Drops Push for Expedited Hearings in Trump CaseSpecial Counsel Jack Smith has changed his approach in his efforts to expedite hearings in his Washington, D.C., case against former President Donald Trump. Smith requested the hearings to identify which of Trump’s alleged actions he could include in his election interference case against the former president. The Supreme Court’s July 1 ruling, granting presidents partial immunity for official actions …READ THE FULL REPORT
BREAKING NEWS: Leaked Pennsylvania Court Filing Reveals Robert Kennedy Jr. Set to Endorse TrumpIt is official! Robert F. Kennedy Jr. has signaled his intent to endorse Donald Trump for president. This information came to light through a Pennsylvania court filing on Friday, where Kennedy’s independent campaign also requested to be taken off the state’s ballot, according to an AP report. The news outlet reported: Ahead of a planned speech, Robert F. Kennedy Jr.’s …READ THE FULL REPORT
LATEST NEWS:
Doug Emhoff Tells Jewish Democrats: ‘I’m Going to Keep Talking About the Brisket’On Thursday, Second Gentleman Doug Emhoff assured a gathering of Jewish Democrats, “I’m going to keep talking about the brisket,” as he reiterated his commitment to combating antisemitism from the White House. Emhoff spoke just hours before his wife, Senator Kamala Harris (D-CA), was scheduled to address the Democratic National Convention to accept the Democratic Party’s presidential nomination. Emhoff spoke …READ THE FULL REPORT
BREAKING REPORT: Kamala Harris Plans to Hike Taxes by $5 TrillionAccording to Americans for Tax Reform (ATR), Democrat presidential nominee Vice President Kamala Harris’s economic plan would raise taxes by $5 trillion over the next decade. On Monday, Harris’s campaign unveiled a massive economic package that aims to reverse former President Donald Trump’s tax cuts. The campaign argues that this plan is “a fiscally responsible way to put money back …READ THE FULL REPORT
Federal Judge Rules Robert F. Kennedy Jr. Can Sue Biden Administration Over CensorshipA federal judge ruled on Tuesday that Robert F. Kennedy Jr. can move forward with his lawsuit against the Biden administration, accusing the government of directing censorship. The decision follows a June ruling by the Supreme Court, which determined that those seeking to sue the Biden administration for violating their First Amendment rights—by pressuring social media companies to suppress free …READ THE FULL REPORT
Democrats Advance Bill Allowing Illegal Aliens to Purchase Homes With Zero Down Payment, 0% Interest in CaliforniaMeanwhile, in the Democrat-run disaster that is California… Illegal immigrants will receive interest-free home mortgage loans under a new California bill. Democrat Assemblymember Joaquin Arambula (Fresno) recently introduced Assembly Bill 1840, aiming to extend a first-time homebuyer loan program to illegal aliens. If the bill becomes law, illegal immigrants will be eligible for a new program offering a loan worth …READ THE FULL REPORT
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
7.OIL PRICES/GAS PRICES/OIL ISSUES
Brent Prices Jump after Oil-Rich Libya Declares ‘Force Majeure’ Across All Oil Production
MONDAY, AUG 26, 2024 – 10:00 AM
Brent crude prices are surging above the $81/bbl mark on Monday morning, driven by two major headlines:
Libya’s eastern-based government said it will stop all oil production and exports
The primary driver between the two headlines is Bloomberg’s report that Libya’s eastern government plans to shut down oil production and exports after its Tripoli-based rival moved to replace the central bank leadership.
Libya Eastern Govt Says It Will Stop All Oil Production, Export
Eastern authorities said the declared “force majeure” applies to all oil fields, export terminals, and all other oil facilities.
Infighting between the two governments has been ongoing for the last week, centering around who leads the Central Bank of Libya (CBL). There are mounting risks that a UN-brokered peace deal could collapse.
“The internationally acknowledged government in the country’s west has been seeking to replace the governor Sadiq Al-Kabir, who has refused to step down. A government delegation entered the regulator’s offices today to take over,” according to Bloomberg.
Here’s more on the situation from Bloomberg:
The announcement comes amid an attempt to oust CBL governor Al-Siddiq al-Kabir. Earlier this month, the Tripoli-based Presidential Council (PC) voted unanimously to appoint Mohammed al-Shukri as CBL governor, replacing Al-Kabir.
Over the weekend, local media outlets reported that the new board had taken up its duties and that armed men had abducted several CBL officials.
The east-based House of Representatives (HoR) and the High Council of State (HCS) both issued statements condemning what they described respectively as attempts to “storm” and “seize control” of the CBL – in apparent reference to the board taking up office at the CBL headquarters.
Last week, HoR Speaker Aguila Saleh had warned that removing Al-Kabir could result in shutting down oil production and stopping the transfer of oil revenues to the CBL.
In a separate Bloomberg report, the east-based government warned about “attacks” against employees at the CBL and the attempts by “outlaw groups” to enter “the CBL headquarters by force.”
What’s critical to understand is that a force majeure across all oil fields, ports, and installations will lead to the interruption of oil production, which totaled about 1.15 million barrels a day last month. The biggest oil field, Sharara, pumping about 270,000 barrels, has been halted.
Brent crude prices jumped 2.6% in markets to $81.09/bbl. Prices have been range-bound since early 2023, basing around the $75-$80 level and occasionally jumping above $90 on geopolitical risks stemming from the Middle East. Down pressure on Brent in recent months originated from economic slowdowns in China and risks mounting of a downturn in the US.
Two weeks ago, we outlined to readers that bullish positioning in Brent by investors was cut to the lowest level on record, mostly due to rising concerns over a global economic slowdown. To us, this signaled a ‘price rebound’ was ahead.
“Oil blockades are a time-honored tradition in Libya. Unlike recent ones, that have been driven mostly by locals demanding jobs and better living conditions and are relatively easy to resolve, this one is political in nature. Political blockades tend to last several months. A Libya disruption will likely amplify the price impact we’ve seen over the weekend from the latest round of the Israel-Hezbollah airwar,” said Fernando Ferreira, director of geopolitical risk service at the Rapidan Energy Group.
Citigroup analysts noted earlier that a decline in exports could temporarily push Brent prices into the mid-$80s range. Combined with rising geopolitical risks in the Middle East, further deterioration could send crude prices even higher.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.1172 DOWN 0.0005
USA/ YEN 144.01 DOWN 0.140 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS JULY 2024/Bank of Japan raises rates by .15% to 1.15..UEDA END HIKING RATES AND NOW CARRY TRADES NO 2 DISINTEGRATES//YEN CARRY TRADE FINISHED
GBP/USA 1.3240 DOWN 0.0010
USA/CAN DOLLAR: 1.3503 UP .0001 (CDN DOLLAR DOWN 1 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 1.15 PTS OR 0.04%
Hang Seng CLOSED UP 186.62 PTS OR 1.06%
AUSTRALIA CLOSED UP 0.76%
// EUROPEAN BOURSE: ALL MOSTLY MIXED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MOSTLY MIXED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 1.15 PTS OR 0.04 %
/SHANGHAI CLOSED UP 1.15 PTS OR 0.04%
AUSTRALIA BOURSE CLOSED UP 0.76%
(Nikkei (Japan) CLOSED DOWN 254.05 PTS OR 0.66%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2523.70
silver:$30.10
USA dollar index early MONDAY morning: 100.68 UP 8 BASIS POINTS FROM FRIDAY’s CLOSE.
The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.1232 (ON SHORE)
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.1232)
TURKISH LIRA: 34,02 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +0.887
Your closing 10 yr US bond yield DOWN 1 in basis points from FRIDAY at 3.803% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.109 UP 1 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.921 UP 1 BASIS PTS.
GOLD AT 11;00 AM 2515.00
SILVER AT 11;00: 29.88
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: MONDAY CLOSING TIME 11:00 AM//
London: CLOSED
German Dax : CLOSED DOWN 16.08 PTS OR 0.09%
Paris CAC CLOSED UP 13.33 PTS OR 0.18%
Spain IBEX CLOSED DOWN 12.60 OR 0.11%
Italian MIB: CLOSED DOWN 45.37 OR 0.13
WTI Oil price 77,38 12EST/
Brent Oil: 78,80 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 91,99 ROUBLE DOWN 0 AND 86/100
GERMAN 10 YR BOND YIELD; +2.2425 UP 2 BASIS PTS.
UK 10 YR YIELD: 3.914 DOWN 4 BASIS POINTS
CDN 10 YEAR RATE: 3.0621 UP 2 BASIS PTS.
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1162 DOWN 0.0015 OR 15 BASIS POINTS
British Pound: 1.3188 DOWN 0.0023 OR 23 basis pts
BRITISH 10 YR GILT BOND YIELD: 3.9140 DOWN 4 BASIS PTS//
JAPAN 10 YR YIELD: 0.887
USA dollar vs Japanese Yen: 144.55 UP 0.401 YEN DOWN 40 BASIS PTS//
USA dollar vs Canadian dollar: 1.3477 DOWN 0.0024//CDN dollar UP 24 BASIS PTS
West Texas intermediate oil: 77.24
Brent OIL: 81.26
USA 10 yr bond yield UP 1 BASIS pts to 3.817
USA 30 yr bond yield UP 1 BASIS PTS to 4.104%
USA 2 YR BOND: UP 2 PTS AT 3.931
CDN 10 YR RATE 3.079 UP 5 BASIS PTS
USA dollar index: 100.76 UP 15 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 34.00 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 92.00 DOWN 0 AND 50/100 roubles
GOLD 2,519.86 3:30 PM
SILVER: 29.99 3;30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 65.44 PTS OR 0.16%
NASDAQ DOWN 204.43 PTS OR 1.04 %
VOLATILITY INDEX: 16.05 UP 0.19 PTS OR 1.20%
GLD: $232.76 UP 0.74 OR 0.32%
SLV/ $27.32 UP 0.12 OR 0.44%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM
Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jumps
Monday, Aug 26, 2024 – 04:00 PM
Amid the doldrums of summer liquidity, today saw some give back from Friday’s euphoric response to Jay Powell’s latest flip-flop.
Rate-cut expectations declined (most notably focused on a shift from 2024 to 2025)…
Source: Bloomberg
Stocks – broadly-speaking – did not love it and gave some back with the Nasdaq the biggest loser (and S&P dragged down by Tech). The Dow managed to reach a new all-time high before purging most of it back.
It’s been an interesting couple of days for Mag7 stocks…
Source: Bloomberg
…as the world readies for NVDA’s earnings…
Source: Bloomberg
The dollar rallied modestly, erasing some of the dovish decline…
Source: Bloomberg
Despite the dollar gains, gold rallied…
Source: Bloomberg
Treasury yields rose modestly (just 1-2bps), but remain down from pre-Friday panic. The short-end continues to outperform…
Source: Bloomberg
Oil prices also continued to rebound, with WTI back above $77…
Source: Bloomberg
After surging above $65,000 twice over the weekend, Bitcoin was sold (ubiquitously) during the US day session
Source: Bloomberg
…and ETH is now at its weakest relative to BTC since the start of the DeFi boom…
Source: Bloomberg
Finally, while the seasonals are holding up for now, the worst period of the year looms (September H2)…
BTFD to all-time high, then STFR and rest for post-election surge?
MORNING TRADING/
AFTERNOON TRADING///
II USA DATA
Boeing Bounce: US Durable Goods Orders Soar Most Since COVID After June Doom
BY TYLER DURDEN
MONDAY, AUG 26, 2024 – 08:39 AM
After June’s Boeing-driven collapse, US Durable Goods Orders were expected to rebound strongly in July (preliminary data released today) and they did – jumping 9.9% MoM (vs +5.0% exp) from June’s 6.9% MoM plunge. That is the biggest MoM jump in orders since July 2020’s post-COVID lockdown bounce…
Source: Bloomberg
However, ex-Transports, orders dropped 0.2% MoM (worse than the 0.1% decline expected) and leaving core orders up just 0.6% YoY…
Source: Bloomberg
Once again it seems like it’s all Boeing (one way or the other)…
Source: Bloomberg
So what happens in August as the new planes go under inspection…?
Finally, orders placed with US factories for business equipment declined in July and the prior month’s gain was revised lower, suggesting firms are more guarded about investment.
The value of core capital goods orders, a proxy for investment in equipment that exclude aircraft and military hardware, decreased 0.1% last month after a revised 0.5% gain in June,
end
III USA ECONOMIC COMMENTARIES
RFK drops his bid for the Presidency and joins forces with Trump. He will use his expertise in the COVID injuries to help Trump.
(zerohedge)
Must Watch: RFK Jr Drops ‘Reality’ Mic On Dems, Suspends Campaign – “Who Needs Policy When There’s Trump To Hate?”
Friday, Aug 23, 2024 – 03:05 PM
The 2024 presidential election race is about to take its next unexpected turn…
“Democrats have become the party of war, censorship, corruption, big pharma, big tech, big ag, and big money wanting to abandon democracy by canceling the primary to conceal the cognitive decline of the sitting president.
I left the party to run as an independent…
The DNC and its media organs engineered a surge of popularity for VP Harris based upon nothing. No policies, no interviews, no debates. Only smoke and mirrors.”
“A Chicago circus that is based on NOTHING. Who needs a policy if you hate Donald Trump?“
“How did the Democratic Party choose a candidate that has never done an interview or debate during the entire election cycle?” Kennedy asked.
“We know the answer: They did it by weaponizing the government agencies. They did it by abandoning democracy. They did it by suing the opposition and by disenfranchising American voters. What most alarms me isn’t how the Democratic Party conducts its internal affairs or runs its candidates. What alarms me is the resort to censorship and media control and the weaponization of the federal agencies.”
Kennedy refuses to be a spoiler… “Many months ago, I promised the American people that I would withdraw from the race if I became a spoiler… In my heart, I no longer believe that I have a realistic path to electoral victory in the face of this relentless, systematic censorship and media control.”
“I am simply suspending it and not ending it. My name will remain on the ballot in most states.
I encourage you to vote for me.
In an honest system, I believe that I would have won the election.
After all, the polls consistently showed me beating each of the other candidates.
In about 10 battleground states where my presence would be a spoiler, I’m going to remove my name.”
…
I throw my support behind Donald Trump.”
Kennedy said that in a series of meetings with Trump and his team, he realized he shared more in common with the former president than he thought. He compared their potential partnership to President Lincoln’s famous “Team of Rivals,” which saw him stock his Cabinet with former foes.
“In a series of long, intense discussions, I was surprised to discover that we are aligned on many key issues. In those meetings, he suggested that we join forces as a unity party. We talked about Abraham Lincoln’s team of rivals. That arrangement would allow us to disagree publicly and privately and fiercely if need be on issues over which we differ while working together on the existential issues upon which we are in concordance.”
“I was a ferocious critic of many of the policies during his first administration, and there are still issues and approaches upon which we continue to have very serious differences.”
“But we are aligned with each other on other key issues like ending the forever wars, ending the childhood disease epidemics, securing the border, protecting freedom of speech, unraveling the corporate capture of our regulatory agencies, getting the US intelligence agencies out of the business of propagandizing and censoring and surveilling Americans and interfering with our elections.”
“Suspending my candidacy is a heartrending decision for me. But I’m convinced that it’s the best hope or ending the Ukraine War and ending the chronic disease epidemic that is eroding our nation’s vitality from the inside and for finally protecting free speech.”
“I feel a moral obligation to use this opportunity to save millions of American children above all things.”
Most notably, RFK Jr. admitted in front of the nation that he attempted to contact VP Harris first and that she neither wanted to talk or meet with him is a strong message to Independent voters:
“Following my first discussion with President Trump, I tried unsuccessfully to open similar discussions with Vice President Harris. Vice President Harris declined to meet or even to speak with me.”
“Democrats want nothing to do with you, Republicans will at least give you a seat at the table.”
RFK addressed details on the Russia-Ukraine war (via Kyle Backer):
“We have pushed Russia closer to China and Iran. We are closer to the brink of nuclear exchange than at any time since 1962. And the Neocons in the White House don’t seem to care at all.”
“Our moral authority and our economy are in shambles. And the war gave rise to the emergence of BRICS, which now threatens to replace the dollar as the global reserve currency.”
“This is a first class calamity for our country.”
“Judging by her bellicose, belligerent speech last night in Chicago, we can assume that President Harris will be an enthusiastic for this and other Neocon military adventures.”
“President Trump says he will reopen negotiations with President Putin and end the war overnight as soon as he becomes president.”
“This alone would justify my support for his campaign.”
“Last summer, it looked like no candidate was willing to negotiate a quick end to the Ukraine War, to tackle the chronic disease epidemic, to protect free speech, our Constitutional freedoms, to clean corporate influence out of our government or to defy the Neocons on their agenda of endless military adventurism.”
“But now, one of the two candidates has adopted these issue as his own to the point where he has asked to enlist me in his administration.”
New York state signed a contract in June to buy electricity generated by two large wind farms, Empire Wind 1 and Sunrise Wind, off the coast of Long Island. The projects are expected to begin in 2026 and 2027, with power delivered to Brooklyn (Empire) and Long Island (Sunrise). The state will pay $155 and $146 per megawatt-hour, respectively. These prices are steep, at least four times the average grid cost paid over the past year.
States agree to pay wind-power operators—known as the “offtake price”—based on a project’s “break-even cost,” the estimated bill for building and operating the wind farm over its useful life. That is undoubtedly part of the problem. The offshore wind business off the East Coast is in turmoil. Operators have canceled projects from Massachusetts to Maryland that were due to be constructed in the next four years. Some have been delayed, while others have renegotiated their contracts at prices 30% to 50% higher than originally promised.
Two widely quoted sources of break-even costs are the U.S. Energy Information Administration and Lazard, an investment bank. In its most recent estimates, the EIA suggests the average break-even cost of offshore wind farms, adjusted to 2024 prices, is $131 per megawatt-hour, not counting government subsidies, and $101 per megawatt-hour after allowing for basic tax credits. The latter figure is what matters, because every offshore wind farm expects to take advantage of investment or production tax credits under the Inflation Reduction Act.
EIA Says Wind is Not Economical
Let’s pause right there because wind is absurd by any measure.
The cost of wind is $131 per MWH without credits and $101 with $30 in tax credits according to the EIA.
A handout of $30 is an 83 percent subsidy (30/36) and the deal still is still nearly 100% per MWH in the red, losing $35 per MWH over the cost of buying energy at market rates.
A Sweetheart Deal
The deal (thank you team Biden and New York), will pay $155 and $146 per megawatt-hour, respectively to Empire Wind 1 and Sunrise Wind.
The owner-operators of the two farms—Equinor for Empire and Orsted for Sunrise—are two of the top five global wind-farm investors and operators. Equinor is Norway’s state oil company, while Orsted previously was Denmark’s.
With a break even cost of $101 (thanks to subsidies), Equinor will make $54 per MWH and Orsted will make a mere $45 per MWH on something whose total cost should be $36 per MWH.
The Journal calculates Equinor and Orsted (foreign corporations) will each receive a total subsidy of more than $3 billion courtesy of U.S. taxpayers.
The Journal asks “Did New York sign an agreement that allows large wind-farm operators to earn unreasonably high after-tax profits at the expense of its residents?”
I believe the math speaks for itself.
Not only will New Yorkers pay over four times the going rate for energy, the US will send $3 billion to foreign companies to do so.
Tim Walz was a schoolteacher before entering politics, so what is his approach to teaching? The Minnesota Department of Education will soon release the initial version of a document that lays out how new “liberated” ethnic-studies requirements will be implemented in the state’s roughly 500 public-school districts and charter schools.
Mr. Walz signed the law establishing this initiative in 2023. The department’s standards and benchmarks, approved in January, require first-graders to “identify examples of ethnicity, equality, liberation and systems of power” and “use those examples to construct meanings for those terms.”
Fourth-graders must “identify the processes and impacts of colonization and examine how discrimination and the oppression of various racial and ethnic groups have produced resistance movements.” High-school students are told to “develop an analysis of racial capitalism” and “anti-Blackness” and are taught to view themselves as members of “racialized hierarchies” based on “dominant European beauty standards.”
The Walz administration has relied on committed political activists to design and guide implementation of the state’s education agenda. One of them is Brian Lozenski, an associate professor of urban and multicultural education at Macalester College in St. Paul and a leader and a founding organizer of Education for Liberation Minnesota, or EdLib MN, a group that aims to “be a political force” in Minnesota and “contend with the status quo of colonial education that prioritizes Eurocentric curricula.
The St. Paul course makes “resistance” to America’s fundamental institutions a central theme. It instructs 16-year-olds to “build” a race- and ethnicity-based “narrative of transformative resistance” and to “challenge and expose” “systems of inequality.” It tells them to “resist all systems of oppressive power rooted in racism through collective action and change.” Accompanying artwork, labeled “seeds of resistance,” features protest signs that read “No Bans/No Walls” and “Abolish Prison.”
Minnesota’s experience with this radical restructuring of its public education system may give Americans a picture of what the nation as a whole could soon face.
A Beauty from EdLib MN
Things Kindergarteners Need to Study
Use economic models and reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of the proposed solution on various communities that would be affected.
Apply economic concepts and models to develop individual and collective financial goals and strategies for achieving these goals, taking into consideration historical and contemporary conditions that either inhibit or advance the creation of individual and generational wealth.
Ask historical questions about context, change and continuity in order to identify and analyze dominant and nondominant narratives about the past.
Analyze the ways power and language construct the social identities of race, religion, geography, ethnicity, and gender. Apply these understandings to one’s own social identities and other groups living in Minnesota, centering those whose stories and histories have been marginalized, erased, or ignored.
Describe how individuals and communities have fought for freedom and liberation against systemic and coordinated exercises of power locally and globally. Identify strategies or times that have resulted in lasting change. Organize with others to engage in activities that could further the rights and dignity of all.
Use ethnic and Indigenous studies methods and sources in order to understand the roots of contemporary systems of oppression and apply lessons from the past that could eliminate historical and contemporary injustices.
Things First Graders Need to Study
Investigate a variety of historical sources by: a) analyzing primary and secondary sources; b) identifying perspectives and narratives that are absent from the available sources; and c) interpreting the historical context, intended audience, purpose, and author’s point of view of these sources.
Integrate evidence from multiple historical sources and interpretations into a reasoned argument or compelling narrative about the past.
Analyze the ways power and language construct the social identities of race, religion, geography, ethnicity, and gender. Apply these understandings to one’s own social identities and other groups living in Minnesota, centering those whose stories and histories have been marginalized, erased, or ignored.
Things Fourth Graders Need to Study
Explain and evaluate processes, rules and laws of United States governmental institutions at local, state and federal levels and within Tribal Nations.
Use economic models and reasoning and data analysis to construct an argument and propose a solution related to an economic question. Evaluate the impact of the proposed solution on various communities that would be affected.
Analyze how scarcity and artificial shortages force individuals, organizations, communities, and governments to make choices and incur opportunity costs. Analyze how the decisions of individuals, organizations, communities, and governments affect economic equity and efficiency. [Mish comment: There’s your pro-socialism and price-gouging indoctrination]
Evaluate how government actions affect a nation’s economy and individuals’ well-being within an economy. [More socialism if not outright communism]
Describe places and regions, explaining how they are influenced by power structures. [Excluding of course the indoctrination taught]
Analyze the ways power and language construct the social identities of race, religion, geography, ethnicity, and gender. Apply these understandings to one’s own social identities and other groups living in Minnesota, centering those whose stories and histories have been marginalized, erased, or ignored.[Massive DEI campaign]
The above snips are from a 109 page “American Experiment” Standards and Benchmarks document for Minnesota.
I stopped at grade 4. I couldn’t take anymore.
Glenn Youngkin Lesson
It is discussion of education, and only education, that propelled Glenn Youngkin to gubernatorial victory in Blue Virginia.
Instead of talking about DEI, indoctrination, inflation, and the border, Trump is attacking Pocahontas, offering ridiculous freebees in competition with Harris without saying how he will pay for them, and let’s be honest (running a pathetic campaign).
If you are cheering playground name calling, then you are part of the problem.
Trump won in 2016 (by a small margin), because Hillary was equally obnoxious and because of a last minute gift from then-FBI Director James Comey reopened the agency’s investigation into her private email server just days before the 2016 election.
Trump lost in 2020 on the current path.
Trump and Hillary are alike. Neither will admit they are to blame for losing.
Don’t fool yourself. Polite stupidity, DEI, and extreme socialistic indoctrination could easily win again if Trump keeps marching down the path he is on.
People are sick of divisive politics, and rightfully so. Biden promised to be a moderate but was a Progressive wet dream candidate instead.
Trump promised less divisiveness and that lasted precisely one day.
Glenn Youngkin might have won in a landslide. Instead, Trump is currently behind because of his own doing.
Trump Would Rather Be Crass Than President
·
2,129 Views
Trump would rather be crass than president. And many are with him on that. https://t.co/YFexDbNoCp
Trump’s strategy has gone from boring to shockingly bizarre and counterproductive. Does Trump think his opponent is Brian Kemp or Kamala Harris? What about recession? Walz?
Trump Lets Harris Get Away With Nonsense
Harris is pretending to be a moderate and Trump is letting her get away with it.
If Trump won’t talk about inflation, indoctrination, and his vision of the future instead of his alleged past greatness, then who will?
Harris and the media are very pleased with this aspect of Trump campaign because it allows Harris to stay in hiding.
All I can do is suggest that if you don’t want your kids to be part of an “American Experiment” indoctrination of DEI and socialism, then you need to abandon Harris no matter how crass Trump appears.
Also, ask yourself what would happen if Democrats get complete control.
Very Serious Setup
This is a very serious setup. But if you offend enough people, anger and misplaced hope can easily overrule common sense.
Yet, many Republicans are happy with the Trump campaign. I’m not. Trump’s best hope is a recession will bail him out.
I predict a recession but I don’t know if it will be strong enough.
Adding the job vacancy rate to the McKelvey (Claudia Sahm) recession signal eliminates false negatives and false positives, and provides a much faster signal than Sahm.
I note that since 1953, every time the economy was in the current state, the economy was in recession.
That does not make the odds 100 percent because everything is up to the NBER, the official arbiter of recessions.
My recession post is on the complicated side, but please check it out.
Do I get to say I told you so? My advance estimate a month ago was 779,000 lower. Bloomberg estimated 730,000.
END
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
end
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
SWAMP STORIES
San Francisco…
San Fran Man Robbed Thousands Of Dollars Of Equipment From FBI Truck, Traded It For $20 In Meth
Friday, Aug 23, 2024 – 07:05 PM
More signs of utopia unfolding in the liberal run wasteland of San Francisco…
A thief who ransacked an FBI truck in San Francisco and made away with thousands of dollars of equipment turned around and traded it all for a $20 bag of methamphetamine, according to a report by the NY Post.
The truck that was raided contained flash-bang grenades, a tear gas launcher, surveillance equipment and bulletproof vests. The perpetrator, 29 year old Gregory Acosta-Alvarez, was arrested after being caught on multiple surveillance cameras.
After stealing equipment, he rode his bike to a nearby hotel where he was staying, according to the criminal complaint. By the time agents visited him at the hotel around 3 p.m., the ballistic vest and tear gas gun were already gone, the report says.
The report says the ballistics vest alone was worth $1,500.
When questioned, Alvarez claimed he traded the stolen items for $20 worth of meth. He remains in custody, facing charges for felony theft of government property, burglary, grand theft, and drug possession related to this incident and a 2023 arrest.
Either the man had no idea how much more meth he could have gotten with market prices…or inflation has really hit the meth market…
KING REPORT
The King Report August 26, 2024 Issue 7313
Independent View of the News
Powell on Friday, “The time has come for policy to adjust… the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks… My confidence has grown that inflation is on a sustainable path back to 2%.” Powell calls cooling of labor market ‘unmistakable’ – Reuters https://www.reuters.com/business/jackson-hole-live-fed-chair-jerome-powell-2024-08-23/
Contemplate this: With gold and home prices at all-time highs, major US equity indices near all-times highs, and a bubble in Mag 7 more extreme that the 1999 Bubble, the Fed will cut rates! Inflation slowed but did NOT halt under what Powell claims is restrictive policy. What will rate cuts do?
@NorthmanTrader: Fed: Now that our ‘restrictive’ monetary policy has brought asset prices back to 200% market cap to GDP and home prices are at their highest price levels ever let’s begin the next easing cycle and loosen financial conditions so we can safely embark onto the next asset bubble. https://x.com/NorthmanTrader/status/1827073541604565319
Stocks, gold, and commodities soared; bonds rallied smartly (but not sharply!); and the dollar tanked because Powell appeared to contradict the ‘gradual, methodical’ rate cut gospel from Collins and Harker.
WSJ’s @NickTimiraos (Who has been pleading for rate cuts for many moons): While Powell was forceful in laying out the Fed’s goals, he offered no specifics about the precise way officials will deliver them to retain maximum discretion. He entirely avoided certain coded words like “gradual” and “methodical” that some colleagues in recent days had used to describe their expectation for a series of traditional quarter-point rate cuts. In doing so, Powell’s silence kept the door open to larger rate cuts if the labor market shows signs of greater weakness in the weeks ahead…
The yen/$ hit 144.16, which is probably why the bond rally was muted compared to the equity euphoria. The order of market intelligence for decades: forex, bonds, and then equity.
Powell’s prepared remarks hit the tape at 9:54 ET. ESUs soared to a daily high of 5662.25 at 10:13 ET. Traders, unnerved by the collapsing dollar/soaring yen, hit bids. ESUs sank to 5614.25 at 10:51 ET. The manipulation for the 11:30 ET European close pushed ESUs to 5656.00 at 11:40 ET.
Sellers returned; ESUs tumbled to 5603.00 at 12:43 ET. There was discord in the markets! The Summer Friday Afternoon Rally commenced; ESUs jumped to 5653.50 at 15:29 ET. After falling to 5637.25 at 15:45 ET, the late manipulation pushed ESUs to 5657.75 at 15:55 ET but fell to 5648.50 at 16:00 ET.
BRENT CRUDE FUTURES SETTLE AT $79.02/BBL, UP $1.80, 2.33%. @zerohedge: The real shocker that nobody has investigated: up to 5 million “new businesses” (and “jobs”) don’t exist but were just created to facilitate PPP loan fraud during covid. That means real jobs are about 5 million less.
Jerry Nadler promises higher taxes for ‘rich white men’ if Democrats take Congress https://t.co/WmSiYL4zOh
Indiana issues cease and desist order against BlackRock, alleging misleading ESG statements https://t.co/J54NrJFJEG
Positive aspects of previous session Everything rallied after Powell’s dovish remarks at Jackson Hole.
Negative aspects of previous session The Dollar Index hit its lowest level since July 2023. Yes, Virgina, this can foster inflation! Commodities soared, which muted the bond rally. USUs closed only +21/32. Brent crude oil futures settled at $79.02, +2.33%; WTI Oil settled +1.83%; gasoline settled +1.95%
Ambiguous aspects of previous session Will the cascading dollar import inflation into the USA? Is another round of yen carry trade unwind looming? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5620.53 Previous session S&P 500 Index High/Low: 5641.82; 5585.16
@DavidSacks: Jobs have been revised down by a total of 1.2 million over 12 months, invalidating every “hot jobs report” headline over the past year. How does WashPo report this? As completely normal and accuses Trump of making “baseless” allegations. You don’t hate the media enough. https://t.co/UmCy4NcFaV
@EismanSteven: VP Harris proposes to give eligible Americans $25k to purchase a home. This is one of her major initiatives to make housing more affordable and here’s why that proposal won’t come close to working. There is definitely a shortage of homes for sale and this shortage is a major reason for housing price escalation…Giving people who can’t afford to buy home $25k just increases demand. Low end housing prices will just go up more… the $25k giveaway will only cause prices to go up. Who does that help? Nobody.
@LucasFoxNews: Another message to Iran: B-2 nuclear-capable stealth bomber hot-pits (refuels with engines running) in Diego Garcia.
@sentdefender: According to the New York Times, Israel’s Pre-Emptive Strikes this morning on Southern Lebanon were aimed at Hezbollah Long-Range Missile Launchers that had been Programmed to fire on Tel Aviv at 5:00am, with all of the Launchers being Targeted and Destroyed by Airstrikes.
AP: Robert F. Kennedy Jr.’s campaign said in a Pennsylvania court filing Friday that he is endorsing Donald Trump for president. (So, he is suspending his campaign.)
On Friday, RFK Jr. stated, “I left that party in October because it had departed so dramatically from the core values that I grew up with. It had become the party of war, censorship, corruption, big Pharma, Big Tech, big Ag, and big money… When a US president colludes with or outright coerces, media companies to censor political speech. It’s an attack on our most sacred right of free expression.” In the name of saving democracy, the Democratic Party set itself to dismantling it.Lacking confidence that its candidate could win in a fair election… the DNC waged continual legal warfare against both President Trump and myself… when a predictably bungled debate performance precipitated the palace coup against President Biden, the same shadowy DNC operatives appointed his successor, also without an election…I disagree with the Democrats on the most existential issues.” The DNC and its media organs engineered a surge of popularity for Vice President Harris based upon nothing. No policies, no interviews, no debates, only smoke and mirrors and balloons in a highly produced Chicago circus… [I’m] throwing my support to President Trump…”
Kennedy also decried the “weaponizing the government agencies” and said Democrats abandoned democracy to nominate a candidate that no one voted for.
@JackPosobiec: CNN is cutting sound on the RFK speech – too much truth is coming out!
Kennedy formally endorsed Trump and said he would speak at DJT’s rally in Phoenix later Friday, and DJT invited him to join his cabinet if Trump is elected. RFK Jr. said he is suspending his campaign in states where he could deliver the election to Harris.
@breeadail: Robert Kennedy Jr calls for his followers to vote for @realDonaldTrump in contested States, endorsing him for President. Kennedy states that less than 2 hours after his attempted assassination, @realDonaldTrump contacted him, and met with him the next day. Over the last few weeks, Kennedy says they had many conversations, where Trump proposed that they join forces, potentially even for him to work within his administration, with an agreement to be able to publicly disagree with one another on issues. Kennedy compares this to President Lincoln’s “Team of Rivals”. Kennedy states that he tried to have similar discussions with @KamalaHarris, who ignored him. “Democrats want nothing to do with you, Republicans will at least give you a seat at the table.”
@charliekirk11: RFK Jr. lays out the critical reasons why the Harris/Walz ticket MUST be stopped: -Protect freedom of speech and put a stop to Deep State censorship and lawfare. -End the pointless forever war in Ukraine, reconcile with Russia, and prevent neocons from dragging us into more wars in the future. -Bring manufacturing back to America and halt deindustrialization. -Protect the dollar -Restoring Americans’ good health -PROTECTING AMERICA’S CHILDREN
Kennedy urged his supporters to vote for him in solidly red or blue states.
Most pundits have already shown that Trump will garner most Kennedy voters, which will help him in swing state elections. However, the biggest benefit should be attracting women voters. RFK Jr. has his warts, but he comes across as sincerely wanting to help Americans.
VP candidates are generally used as attack dogs. Dems and the MSM have viciously attacked and demonized JD Vance, which has driven up his negatives with women. RFK Jr. is already attacking Dems for what they did to him. If Dems and the media attack Kennedy, they could drive women and the old Kennedy coalition that Reagan captured (blue collar, Catholics) to DJT.
RFK Jr. indicates his post if DJT wins: “These agencies—the FDA, USDA, and CDC—all of them, are controlled by giant for-profit corporations. With President Trump’s backing, I’m going to change that… If I’m given the chance to fix the chronic disease crisis andreform our food production, I promise that within two years… We will make Americans healthy again.”
@MeganFoxWriter: He’d better actually do it this time. In 2016 Trump said he was appointing RFK Jr. to a vaccine safety council and then he reneged after listening to stupid advisors.
@liz_churchill10: “President Trump was considering a commission to look into the ill-effects of vaccines by someone named Robert Kennedy Jr. who was advising him. I said that’s a dead end…don’t do that…” – Bill Gates on RFK jr. https://t.co/dVxLrAiwaO
@iAnonPatriot: RFK Jr. broke down in tears at the end of his speech & said “I’m endorsing Donald Trump to save the American children.”
Liberal media outlets melt down over RFK Jr. endorsing Trump: ‘Betrays the Kennedy legacy’https://t.co/8LGRMgvtfJ
Ex-Clinton Advisor & Pollster @Mark_Penn: The Democratic Party should have treated RFK JR fairly and allowed him to run a primary and not have tried to bury him in lawsuits. In the end they dumped Biden anyway even after he “won” the non-primary. Their actions have now backfired and the lesson is those who say they stand for democracy should promote it all the time not when it is just in their interest.
Secret Service will no longer provide security for RFK Jr – NBC News Sunday morning (RFK Jr. did not terminate his campaign; he remains on 40 state ballots.)
RFK Jr. on Sunday: “I’m gonna be campaigning actively. President Trump is going to make a series of announcements about other democrats who are joining his campaign.”
@RobertKennedyJr: Wait till you see the next additions to President Trump’s Unity Government.
@abigailmarone: Whistleblower tells @HawleyMO Secret Service told agents working the Butler rally NOT to request additional manpower resources for the rally & warned any such requests would be DENIED. This CONTRADICTS Rowe testimony, who said no resources were ever denied. https://x.com/abigailmarone/status/1827016259201872169
Pittsburgh Secret Service chief Timothy Burke is among five agents put on ‘administrative duties’ as part of a probe into Trump assassination attempt failureshttps://trib.al/gYewU0i
@NEWSMAX: Secret Service agents never picked up radios that were assigned to them by a local tactical team in Butler, Pennsylvania, adding to the communications woes ahead of the assassination attempt on Republican nominee Donald Trump on July 13. MORE: https://t.co/OljOsKD76s
@Jkylebass: Having a deep understanding of the architecture of the Chinese financial system is vitally important when considering all our options with regard to China’s belligerence in the Taiwan Strait. Today, China’s banking system is insolvent. Chinese Real estate is down 30-50%.China sits in its most vulnerable economic position in the past 40 years.
Ukraine uses Kursk success to press Biden on lifting weapons restrictions The White House isn’t budging, but that could change… For more than two years, Biden, has resisted allowing Kyiv free use of American weapons during offensive campaigns inside Russia — in fear of escalating tensions with Moscow… Officials in certain corners of the administration have told the Ukrainians that the U.S. will eventually want to reset relations with Moscow and lifting the restrictions could upend those efforts. https://www.politico.com/news/2024/08/23/ukraine-biden-weapons-restrictions-00176210
Let’s get this straight. For years, Biden and Dems have excoriated Putin. Joe regularly bragged that he faced down Putin. But Politico claims Biden and Team Obama yearn to reconcile with Putin!
Today – Astute traders will monitor the yen/$. Its panic low is 141.70 on August 5. This level must not be breached or else! Instead of the usual Sunday night buying, NQUs are -52.75 and ESUs are -9.50 at 19:30 ET because the yen/$ is 143.82.
Circle September 18 on your calendar! This is the day that the FOMC is expected to start rate cuts. If the cut is only 25bps, a stock market high would have appeared. Barring something ugly, the Fed cannot cut 50bp weeks before a general election.
NB: The S&P 500 Index high on Thursday (5643.22) was higher than its high (5641.82) on Friday. Powell’s dovishness did NOT take out Thursday’s high. This will disturb astute traders.
S&P Index 50-day MA: 5488; 100-day MA: 5344; 150-day MA: 5250; 200-day MA: 5097 DJIA 50-day MA: 39,826; 100-day MA: 39,284; 150-day MA: 39,123; 200-day MA: 38,446 (Green is positive slope; Red is negative slope)
S&P 500 Index (5634.61 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 4983.62 triggers a sell signal Weekly: Trender is positive; MACD is negative – a close below 5544.00 triggers a sell signal Daily: Trender and MACD are positive – a close below 5410.90 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5561.44 triggers a sell signal
Trump would veto federal abortion ban, JD Vance says — as campaign tries to ‘end the culture war’ over abortion – “We want the federal government to focus on these big economic and immigration questions. Let the states figure out their own abortion policy.”…https://trib.al/j0X3dcL
@TrumpWarRoom Friday night: In honor of Bobby, I am announcing tonight that upon my election, I will establish a new independent presidential commission on Assassination Attempts. They will be tasked with releasing all remaining documents pertaining to President John F. Kennedy’s assassination and other events in question, and they also will conduct a rigorous review of the attack last month in Butler. https://x.com/TrumpWarRoom/status/1827131916522295474
DJT Advisor @StephenM: The RFK Jr endorsement is the culmination point of the largest realignment in American politics since the reconstruction era. (Meshes populistic wings from both parties)
Kamala Harris’ short (37 minutes and change) DMC speech at best was innocuous. Bloomberg, which is virulently anti-Trump and pro-Harris, published this:
Kamala Harris’ Campaign Is Heavy on Vibes and Light on Policies Harris has given no interviews and signaled she no longer holds prior positions on fracking and private healthcare. Her policy offerings have been largely limited to four-and-a-half pages outlining her economic agenda and a party platform, adopted during the convention, that contains repeated references to “a second Biden term.” Her website doesn’t have a policy section… The Harris campaign’s lack of policy detail is unusual in the modern political era, a byproduct of her becoming the first major-party candidate nominated without staging a primary campaign… https://www.yahoo.com/news/harris-vibes-heavy-policy-lite-003150168.html
Dem scion, Chris Cuomo: “It’s not going to be satisfying to independent voters, not for people who study the issues.” https://t.co/fmQUWpFb0z
Dems knew Harris’ speech would be at best a nothing burger. Before her appearance on Thursday night, Dem officials leaked out that ‘a special guest would appear.’ Harris idolators in the media opined that Beyonce or Taylor Swift was the ‘special guest.’ It was a big lie to boost TV viewership.
When no ‘special guest’ appeared, Team Harris said, ‘Kamala was the special guest.’ Dems blatantly lie and their media stooges say, “Thank you sir, may I have another.” One reporter praised Team Kamala for the deceit because it boosted TV ratings.https://x.com/AriFleischer/status/1827328282787828009
Harris’ opponents savaged her speech, which was heavy on Trump hate and blatant lying. Kamala, trying to exploit abortion politics, said Trump will put a national ban on abortion. Trump has repeatedly said abortion is a state issue, and struck abortion talk from the Republican Platform.
Harris blamed Trump for society’s ill and attacked DJT for Project 2025, which Trump has disavowed.
@mirandadevine: The gaslighting from Kamala Harris tonight is off the chart: “Let me be clear. After decades in law enforcement, I know the importance of safety and security, especially at our BORDER”.
@TrumpWarRoom: Kamala says that she stood up “for seniors facing elder abuse.” That’s ironic! https://t.co/WKlF3CzjGY
Harris: “Donald Trump tried to throw away your votes. When he failed, he sent an armed mob to the United States… https://t.co/mapfwQ3wdk
@JackPosobiec: She’s known for having strong anxiety about high-pressure situations. (cackles)
@MonicaCrowley: The lies, the viciousness, the vacuousness, the over-emoting, the over-gesticulating, the obvious insecurity, the nervous cackle… an absolute catastrophe.
Tucker Carlson: “She’s a liar on the deepest level. The things she is saying right now are not just untrue—they’re the opposite of the truth, which is the hallmark of evil. She’s an extremist. She’ll say anything. She’s much more like Gavin Newsom than I ever realized. I could go through a whole litany of what she’s saying that is not true.” https://t.co/AkuCsKoHaT
Ex-DJT aide @seanspicer: Now I get why she doesn’t do interviews.
Fox News’ @brithume on Kamala’s DNC speech: “What we are witnessing is an attempt at political alchemy because it wasn’t very long ago that Kamala Harris was regarded, certainly in Washington, as something of a laughingstock.” https://t.co/gHkfkxgyuN
Newsom Says He Was ‘Told’ to Call Harris’ Nomination Without Primary ‘Inclusive’ https://t.co/PcaVwAg045
@CollinRugg: Boeing & NASA are forced to rely on Elon Musk’s Space X to save the day as two astronauts are stranded on the International Space Station. The astronauts will *not* return on Boeing’s troubled Starliner & will instead be returning on a SpaceX capsule. (Musk saves the day)
@greg_price11: Kamala Harris is the Chairwoman of the National Space Council and her only experience with space is probably when she made a video for NASA with child actors. (What’s not fake?) https://x.com/greg_price11/status/1827433369765888022
Kamala explains ‘collective bargaining’ – “Collective bargaining is about saying let the collective come together around a common experience… Then the outcome will be fair.” https://x.com/WallStreetSilv/status/1827390601379082467
Kamala Harris Campaign Manager: VP Will Do Interviews on Her ‘Own Time’ https://t.co/dg9ImVJLBd
Bill Maher: Kamala Harris avoiding journalists is ‘worse’ than Trump calling them ‘enemy of the people’https://t.co/rZRs5tupjV
@charliekirk11: RFK JR: “I do interviews every day. Everyone who asks gets to interview me. Sometimes I do 10 a day. President Trump also does many interviews. How could the Democrat Party choose a candidate who refuses to do an interview?
@TheBabylonBee: Kamala Explains 93% of Staff Quit (in 1st three years of her VP reign, which is true) Because They Couldn’t Handle the Joy https://t.co/yYkKCgTs0A
Kamala Harris called out for showing off border walls she claims to hate in campaign adhttps://t.co/Jioupb9c5V
End of Hoaxes “The entire Democrat campaign will now be focused on gaslighting the country into believing Trump has been president for the last 4 years and Kamala has been an innocent bystander the whole time. They can’t run on her record, so they’re going to invent one and lie about it.”– Sean Davis There is one thing, one lurking terror, behind every fake and desperate move the Democratic Party has made this dire election cycle: the fear that hundreds of high officials might have to pay for their crimes of recent years if they lose on November 5. That’s why they lie about everything… https://kunstler.com/clusterfuck-nation/end-of-hoaxes/
@WesternLensman: The DNC/State-Media Complex propaganda onslaught to paint Kamala as a “moderate” is underway — ABC’s Jonathan Karl compares her to Reagan, says: “Much of this speech could have been given at a Republican convention” This level of sycophantic propagandizing would make Kim Jong-Un blush… Democrats don’t have to run on their actual record when they have sycophantic media functioning as a campaign PR apparatus. https://x.com/WesternLensman/status/1827027649887117388
@ImMeme0: Jon Stewart ROASTS Democrats and EXPOSES their hypocrisy at the DNC. (Bernie excoriated billionaires and was followed by Pritzker. Walz slammed Vance for going to Yale when Dem Yalis and Ivy Leagues were most of the speakers; Kamala inveighed against sexual predators with Bill Clinton appearing as a key speaker.) https://x.com/ImMeme0/status/1827196637862678749
@greg_price11: A speaker at the DNC just said, “I urge all of us to stand together, support sexual assault survivors, believe them, and hold perpetrators accountable.” Last night, the same DNC gave a standing ovation to Bill Clinton. https://t.co/TcfPnSUX4g
@_wake_up_USA: Legendary golfer Jack Nicklaus says, “I mean…look…if Trump doesn’t win in November, then America is officially a Banana Republic. It’s as simple as that.”
@TheRabbitHole84: Young men are leaving the Democratic Party: 2016: 51% of young men identified or leaned Democrat; 2023: This number dropped to 39%https://t.co/L67iMZoDe2
@elianayjohnson: When Tim Walz launched his ‘06 campaign, he boasted in his biography that he’d been named “Outstanding Young Nebraskan by the Nebraska Chamber of Commerce.” That wasn’t true and the then president of the Nebraska chamber sent him a letter – (What doesn’t he lie about?)
@CollinRugg: Tim Walz is under fire for aggressively pulling his son Gus Walz’s arm on stage at the Democratic National Convention. The incident was apparently filmed on the third day of the event (Wednesday), the same day Walz gave his speech. Gus is 17 years old and reportedly has a nonverbal learning disorder and an anxiety disorder. Some are theorizing that Walz was pulling Gus’ arm out of anger while others say he was simply excited in the moment.https://x.com/CollinRugg/status/1826842582217036133
@KeenanPeachy: Democrat officials actually arguing that the reason they are against the SC ruling that Arizona voters should have to prove citizenship is that – yes – BUT THEN IMMIGRANTS WON’T BE ABLE TO VOTE! They really say this out loud! https://t.co/ITI6xM9rNv
@JamesOKeefeIII: ActBlue Account Manager Carolyn Schuette and Senior Director of Marketing Miquel K. Smith have deleted their X profiles following the release of OMG’s undercover DNC investigation where ActBlue was confronted about massive donations that individuals across the countryclaim they never made. https://t.co/5cfwDuZDvi
Trump and GA Gov. Kemp have reconciled. @realDonaldTrump: Thank you to @BrianKempGA for all of your help and support in Georgia, where a win is so important to the success of our Party and, most importantly, our Country. I look forward to working with you, your team, and all of my friends in Georgia to help MAKE AMERICA GREAT AGAIN!
@TrumpWarRoom: Democrats have not mentioned the assassination attempt against President Trump ONCE at their convention. Not once.
@ABCNewsLive: Former Speaker of the House Nancy Pelosi speaks with @LinseyDavis about her decades-long friendship with Joe Biden and what a Harris presidency could mean for the country. (You can’t make this up! The MSM constantly insults people’s intelligence) https://t.co/4KWbSpFU8p
@nypost: Rev. Al Sharpton, who was accused of inciting antisemitic riot in 1991, says Trump ‘loved to fan racial flames’https://t.co/oCBfxc709j
@nicksortor: Race-baiter Al Sharpton just called Kamala Harris “Camel-a” during his DNC speech. This guy called (GOP Rep.) @NancyMace “racist” for doing the same thing last week. Democrats are total hypocrites. https://t.co/piDtnf4bBK
Fox: Douglas Emhoff (Harris’ Hubbie) is a ‘progressive sex symbol’ and ‘modern female fantasy,’ Washington Post columnist fawns (Because he knocked up the nanny and got divorced?)
Georgia SOS Raffensperger announces notice of only U.S. citizens allowed to vote at polling placeshttps://t.co/tr2nCj6xL2
Brittany Mahomes slams ‘haters’ after backlash for liking Trump campaign social media post (2024 GOP Platform) The Kansas City Chiefs quarterback’s wife defended herself in a Friday Instagram story, about 10 days after she pressed the little red heart icon on Trump’s post. “I mean honestly,” Mahomes wrote in the story. “To be a hater as an adult, you have to have some deep rooted issues you refuse to heal from childhood. There’s no reason your brain is fully developed and you hate to see others doing well.”https://t.co/rr8hNB8lpk
@WhitlockJason: If Pat Mahomes is backing Trump, the NFL season just became much more interesting for me. This is amazing if true. The media can’t win a feud with Mahomes. It’s like the fight the media picked with Caitlin Clark. Can’t win. And I think Brittany Mahomes opens up a large fan base for herself. Some agent may have figured out CC is gonna surpass all the men if they don’t cut the woke grift.
Donald Trump links up with Raiders duo Maxx Crosby and Gardner Minshew at his Vegas hotelhttps://t.co/y8ytS6F07b
@EricAbbenante: Jen Psaki states that Kamala Harris is as likeable as Hillary Clinton: “Magical charismatic quality in person. People say that about Hillary Clinton. Also true.” ‘Kamala Harris is as likable as Hillary Clinton’ is a wonderful slogan, for the Republicans. (Not a parody! More gaslighing!) https://x.com/EricAbbenante/status/1826834342317813764
Islamic militant group claims responsibility for horror knife attack in Germany that left 3 dead, several injuredhttps://t.co/N17Xv7KWfx
3 people were killed, others injured, at a “diversity festival” in Germany in a knife attackhttps://t.co/W0VE1rI4A3
Stabbings and slashings surge across NYC, leaving bloody trail of death and destructionhttps://t.co/l3afDsH1sS
@HeyTammyBruce An open letter to Kerry Kennedy: You people are awful. Despite your family’s checkered past and horrible behavior of so many of the men, Americans have stood with you out of loyalty, sentimentality, and too often, grief. Despite the questionable establishment of your family’s wealth, the treatment of Marilyn Monroe, the general womanizing, the abandonment of Mary Jo Kopechne to her death, allegations of rape, one could go on and on, but the point is your family has stayed loyal and protective of family members who have done the most appalling of things. But the moment one of your own acts on his conscience for this country you attempt to throw him to the wolves and publicly condemn him. Never a word for the trail of abused or abandoned women left behind by a Kennedy, but because one of your men supports Trump in an effort to make the lives of Americans better, that alone is beyond the pale…https://x.com/HeyTammyBruce/status/1827385824649838970
@VigilantFox: Watch RFK Jr. Expose Four Toxic Substances That Are in Your Food: Seed Oils, Food Colorings, “natural flavors are chemical products,” Pesticides https://x.com/VigilantFox/status/1827434772756623760
Fox: The loved ones of hostages being held by Hamas in Gaza are reportedly getting harassing and threatening calls telling them to “fight the government” or that “you won’t see your loved ones return.”
Kamala’s brother-in-law fleeced taxpayers for billions to give to left-wing groups and lawyers Tony West, who is married to her sister Maya… in 2009, Tony West took over the department’s Civil Division, the division that litigates and settles lawsuits… Settlements became the vehicle for paying off political allies…West’s team specifically structured the terms to ensure that they would benefit only their political allies while leaving conservative groups ineligible… (“GO TO JAIL. Go Directly to Jail. Do Not Pass Go. Go Not Collect $200!”) https://nypost.com/2024/08/23/opinion/kamalas-brother-in-law-fleeced-taxpayers-for-billions-to-give-to-left-wing-groups-and-lawyers/
@TomBevanRCP: Serious question: has there ever been an industry more committed to its own destruction than U.S. corporate media? For decades they’ve produced a badly flawed product that has alienated tens of millions of people and undermined public trust in the industry. But they continue to insist they’re doing a great job, and remain committed to pushing ideologically-driven coverage even at the cost of their financial well-being.
Turley: How Democrats Make Republicans: RFK Should Be A Wake Up Call for the Party Kennedy… joined the roughly half of Americans now identifying as independents. While this country is solidly under the hold of a duopoly of power in the two main parties, only 25% of the country identify as Democrats, and 25% as Republicans… (Most pollsters oversample Dems!) I come from a politically active liberal Democratic family in Chicago. I spent much of my life working for liberals since I first came to Washington as a Democratic House page in the 1970s… Then the party changed. Where once they defended free speech, Democrats have rallied behind censorship and blacklisting of those with opposing views. They have sought to block dozens of Republicans from ballots, including former President Trump. To make matters worse, they have done so in the supposed name of democracy… The DNC bordered on the creepy as speaker after speaker sold the idea that, if voters could just swallow the Harris candidacy, they would immediately experience joy like some political prozac commercial… the DNC showed how Democrats make Republicans. The unrelenting identity politics and claims of defending democracy (while opposing democratic choice) only reaffirmed for many that there is no longer a big tent in the party of Roosevelt and Kennedy… https://jonathanturley.org/2024/08/25/how-democrats-make-republicans-the-rfk-withdrawal-should-be-a-wake-up-call-for-the-party/
Almost everything you see and hear with the Lying Legacy Media and the government is a lie. Just this past week, the Biden Administration backtracked about employment as it was widely reported, “US economy added 818,000 fewer jobs than first reported in year that ended in March.” A huge miss or a huge lie–take your pick. Other big lies we have been told in recent years: “Trump is colluding with Russia,” “Hunter Biden’s laptop is Russian disinformation, and the “CV19 vax injections are “safe and effective.” That is just scratching the surface of the lies we are told on a daily basis. The lies, which people realize are becoming preposterous, are adding to the public’s lack of confidence in everything, including the economy. Martin Armstrong says, “We are in a period of great uncertainty. . .. When people are uncertain, they don’t spend. They save. That’s what happens in a depression and a recession. . .. So, if you have no confidence in the future because of all this crazy stuff going on, what do you do? You don’t borrow, and you pull back and say let me see what is going to happen.”
Armstrong says another big lie told to the public is the approval rating of Kamala Harris. The so-called polls say Harris is running neck and neck with Donald Trump in the presidential race. Don’t believe it. Armstrong says a recent data dive on his Socratees computer program shows, “Kamala’s approval rating came in around 10.5 %. (A second confidential source says Kamala’s approval rating is 8.5%.) Confidence in government is 7%. So, how can Kamala possibly be 40%, 50% and 60%? It’s illogical. . .. The polls are really propaganda at this point. They were propaganda back in 2016. They all said Hillary would win, and she would sweep Trump under the carpet.”
On news RFK Jr. suspending his campaign and endorsing Trump, Armstrong says, “I was always pushing RFK Jr. to be Attorney General. I think I got his eyes to light up when I said if you take the Attorney General job, you could even indict Pfizer.” Armstrong says the Trump camp is seriously considering RFK Jr. for AG, and Armstrong says he has been in contact with top Trump advisors. We will see, but we do know RFK Jr. is going to be a part of Trump’s Administration.
On Trump winning in November, Armstrong says, “Look, the computer says Trump should win. I don’t know how the hell they allow that to happen. They have to trap Trump into a war or they kill him, one or the other. These people are unconscionable. . .. We are looking at serious civil unrest regardless of who wins in November. Neither side is going to accept it.”
On gold at $2,500 an ounce, Armstrong says it’s not about inflation, it is about the fear of a US debt default. This is why central banks are buying. Armstrong says, “If there is a big war, the US will default on it’s debt. . .. I am very concerned they will start WWIII before the end of the year and maybe by September.”
There is much more in the 54-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong as he gives his analysis about unpayable global debt, world war and the 2024 Election for 8.24.24.
View of a chicken coop that was hit from a missile fired from Lebanon, in Moshav Ramot Naftali, northern Israel, August 25, 2024 (credit: AYAL MARGOLIN/FLASH90)Mockery across the Arab world
harveyorganblog.com 
