TRUMP:
He wastes no time 2nd time around
President-Elect Trump just laid out a 10-point plan to unravel the Deep State.
1. RESTORE President’s authority to remove rogue bureaucrats.
2. FIRE corrupt actors in National Security and Intelligence apparatus.
3. REFORM FISA courts, which are “so corrupt that the judges seemingly do not care when they are lied to in warrant applications.
4. ESTABLISH Truth and Reconciliation Commission to declassify and publish all documents on Deep State spying, censorship, and corruption.
5. CRACKDOWN on government leakers who collude with the fake news to deliberately weave false narratives and to subvert our government and our democracy.
6. MAKE every Inspector General’s Office independent and physically separated from the departments they oversee.
7. ASK Congress to establish independent auditing system to monitor our intelligence agencies and ensure they are not spying on our citizens or running disinformation
campaigns against the American people.
8. MOVE parts of the sprawling federal bureaucracy to new locations outside Washington, «just as I moved the Bureau of Land Management to Colorado.”
9. BAN federal bureaucrats from taking jobs at the companies they deal with and that they regulate, “like with Big
Pharma”.
10. PUSH for constitutional amendment to impose term limits on members of Congress.
No time to be wasted!
SPECIAL THANKS TO ROBERT h FOR SENDING THIS TO US;
end
GOLD PRICE CLOSED DOWN $11.85 TO $2686.85
SILVER PRICE DOWN $0.43 TO $31.33
Gold ACCESS CLOSED $2685.00
Silver ACCESS CLOSED: $31,27
Bitcoin morning price:$76,125 DOWN 794 DOLLARS.
Bitcoin: afternoon price: $76,386 down 533 DOLLARS
Platinum price closing DOWN $21.30 TO $972.45
Palladium price; DOWN $29.85 TO $994.30
END
*CANADIAN GOLD: $3734.36 DOWN 19.52 CDN dollars per oz( * NEW ALL TIME HIGH 3,872.51 CDN DOLLARS PER OZ//OCT 30 2024)
*BRITISH GOLD: 2078.06 DOWN 6.26 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2148.36 BRITISH POUNDS/OZ) OCT 30/2024
*EURO GOLD: 2,504.84 DOWN 2.67 Euros per oz //* (ALL TIME CLOSING HIGH: 2565.55 EUROS PER OZ//OCT 30 //.2024)
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END
EXCHANGE;
EXCHANGE: COMEX
CONTRACT: NOVEMBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,698.400000000 USD
INTENT DATE: 11/07/2024 DELIVERY DATE: 11/11/2024
FIRM ORG FIRM NAME ISSUED STOPPED
190 H BMO CAPITAL 53
323 C HSBC 169
363 H WELLS FARGO SEC 69
624 H BOFA SECURITIES 16
661 C JP MORGAN 20 99
732 C RBC CAP MARKETS 40
737 C ADVANTAGE 9 1
905 C ADM 5 5
TOTAL: 243 243
JPMorgan stopped 99/243
GOLD: NUMBER OF NOTICES FILED FOR NOV/2024. CONTRACT: 243 NOTICES FOR 24,300 OZ 0.7558 TONNES
total notices so far: 2238 contracts for 223800 Oz (6.911 tonnes)
FOR NOV
SILVER NOTICES: 179 NOTICE(S) FILED FOR 0.895 MILLION OZ/
total number of notices filed so far this month : 833 for 4.165 million oz
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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 DOWN $11.85 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.87 TONNES OF GOLD FROM THE GLD./
/ /INVENTORY RESTS AT 880.59 TONNES
INVENTORY RESTS AT 880.59 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.43 AT THE SLV
HUCH CHANGES IN SILVER INVENTORY OUT OF THE SLV: A DEPOSIT OF 2.005 MILLION OZ INTO THE SLV//
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 477.846 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A STRONG SIZED 447 CONTRACTS TO 149,652 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR SMALL GAIN OF $0,11 IN SILVER PRICING AT THE COMEX WITH RESPECT TO THURSDAY’S TRADING. WE HAD A MEGA HUMONGOUS GAIN OF 3,482 TOTAL CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN OF $0.11 IN PRICE. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS ON THURSDAY COMEX TRADING AS THEY DESPERATELY TRIED TO CONTAIN SILVER’S CONTINUAL PRICE RISE FOR THE PAST 2 WEEKS. THEY HAD MUCH NO SUCCESS YESTERDAY BUT THEY TRIED AGAIN EARLY FRIDAY MORNING. WE HAD ZERO SHORT COVERING BY OUR SPECS DURING THE COMEX TIME ZONE THURSDAY.. WE HAD A MEGA HUGE 3035 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A MEGA HUMONGOUS 5336 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING AND THEY PLAY AN INTEGRAL PART DURING RAIDS PLUS TRYING TO CONTAIN ANY SILVER PRICE RISE WITH ANOTHER ABJECT FAILURE. IN ESSENCE WE GAINED A MEGA HUGE 3482 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR SMALL GAIN IN PRICE. WE HAD MAJOR TAS LIQUIDATION
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 ON LAST FRIDAY AND AGAIN TODAY. 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 THURSDAY NIGHT: A MEGA HUMONGOUS 5336 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 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 $0.11) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A MEGA HUGE GAIN OF 3482 CONTRACTS ON OUR TWO EXCHANGES.
WE HAD A MEGA HUGE 3035 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 2.810 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 10,000 OZ QUEUE JUMP//NEW STANDING RISES TO: 3.465 MILLION OZ
// STANDING FOR SILVER//NOV AT 3.4650 MILLION OZ
WE HAD:
/ STRONG SIZED COMEX OI GAIN//HUGE SIZED EFP ISSUANCE/ VI) MEGA HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1379 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: REMOVED A HUGE 900 CONTRACTS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS NOV. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF NOV
TOTAL CONTRACTS for 6 DAYS, total 9140 contracts: OR 45.70 MILLION OZ (1305 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 45.70 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//3RD HIGHEST 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; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.
SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
OCT; 97.485 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH )
NOV. 45.70 MILLION OZ (WILL BE QUITE LARGE THIS MONTH)
RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 447 CONTRACTS WITH OUR GAIN OF $0.11 IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS:3035 ISSUED FOR DEC 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 NOV OF 2.810 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 895,000 OZ QUEUE JUMP
//NEW TOTAL STANDING FOR NOV AT 4.360 MILLION OZ
WE HAVE A MEGA HUGE GAIN OF 3482 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUMONGOUS SIZED 5336 CONTRACTS ( WILL BE USED FOR FRIDAY’S TRADING/RAID),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION THUS THE NEED FOR REPLENISHMENT.
/ ZERO NET SHORT COVERING FROM OUR SPEC SHORTS WITH THE GAIN IN PRICE THURSDAY/ . ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.
THE NEW TAS ISSUANCE THURSDAY NIGHT (5336) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND LATELY ON A DAILY BASIS INCLUDING YESTERDAY AND TODAY.
WE HAD 179 NOTICE(S) FILED TODAY FOR 0.895 MILLION 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 STRONG SIZED 5941 OI CONTRACTS TO 553,566 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 HUGE 9,336 CONTRACTS//
WE HAD A STRONG SIZED INCREASE IN COMEX OI (5941 CONTRACTS) OCCURRED WITH OUR HUGE GAIN OF $30.50 IN PRICE THURSDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR NOV AT 2.488 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE 57,300 OZ QUEUE JUMP//NEW STANDING ADVANCES TO 7.978 TONNES
NEW STANDING FOR NOVEMBER: 7.978 TONNES
/ ALL OF THIS HAPPENED WITH OUR $30.50 GAIN IN PRICE WITH RESPECT TO THURSDAY’S COMEX RAID///. WE HAD A HUMONGOUS GAIIN OF 14,540 OI CONTRACTS (45.22 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 HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE LAST WEEK, AND THROUGHOUT THIS WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! YOU CAN VISUALIZE THIS WITH THE DAILY QUEUE JUMPING WE ARE WITNESSING (AND TODAY’S HUMONGOUS QUEUE JUMP OF 57,300 OZ)
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 8336 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 562,902
IN ESSENCE WE HAVE A HUMONGOUS SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 14,540 CONTRACTS WITH 5941 CONTRACTS INCREASED AT THE COMEX// AND A MEGA HUGE SIZED 8599 EFP OI CONTRACT ISSUANCE WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 14,540 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A MEGA MEGA HUMONGOUS SIZED AND CRIMINAL 34,513 CONTRACTS, WE HAD HUGE LIQUIDATION OF T.A.S CONTRACTS WITH OUR HUGE GAIN IN PRICE THURSDAY
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (8599 CONTRACTS) ACCOMPANYING THE STRONG SIZED INCREASE IN COMEX OI OF 5941 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 14,540 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 NOV 2.488 TONNES FOLLOWED BY TODAY’S HUMONGOUS 57,300 OZ QUEUE JUMP
//NEW STANDING NOVEMBER: 7.978 TONNES
/ 3) HUGE T.A.S. LIQUIDATION (TRYING TO LOWER GOLD’S PRICE RISE WITH NO SUCCESS THURSDAY , AND WITH ZERO NET LONG SPECS BEING CLIPPED. STICKY GOLD’S LONGS HOWEVER ARE NOT FOOLED BY THE WEDNESDAY RAID AS THEY WERE REWARDED THURSDAY MORNING AS THEY EXERCISED EFP’S FROM LONDON TO TAKE DELIVERY OF BADLY NEEDED PHYSICAL. THEY CONTINUED WITH THIS EXERCISE FRIDAY MORNING
4) STRONG SIZED COMEX OPEN INTEREST INCREASE 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///MEGA MEGA HUMONGOUS T.A.S. ISSUANCE: 34,513 T.A.S.CONTRACTS
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
NOV
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV :
TOTAL EFP CONTRACTS ISSUED: 37,393 CONTRACTS OF 3,739,300 OZ OR 116.30 TONNES IN 6 TRADING DAY(S) AND THUS AVERAGING: 6232 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 6 TRADING DAY(S) IN TONNES 116.30 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 116.30 DIVIDED BY 3550 x 100% TONNES = 3.27% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
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: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.
SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END UP WITH THE 3RD HIGHEST ISSUANCE EVER RECORDED.
OCT. 277.71 TONNES (THIS WILL BE A GOOD ISSUANCE THIS MONTH)
NOV: 116.30 TONNES (WILL PROBABLY BE A HUGE 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 SEPTEMBER. 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 (OCT), 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 STRONG SIZED 447 CONTRACTS OI TO 149,652 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 3035 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
DEC 3035 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 3035 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 447 CONTRACTS AND ADD TO THE 3035 E.FP. ISSUED
WE OBTAIN A MEGA HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 3482 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 21.910 MILLION OZ OCCURRED DESPITE OUR SMALL $0.11 GAIN IN PRICE
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
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//
FRIDAY MORNING THURSDAY NIGHT
ASIA TRADING/FRIDAY MORNING/THURSDAY NIGHT
SHANGHAI CLOSED DOWN 18.36 PTS OR 0.53%
//Hang Seng CLOSED DOWN 225.15 PTS OR 1.07%
// Nikkei CLOSED UP 118.96 OR 0.30%//Australia’s all ordinaries CLOSED UP 0.84%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1649 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1859// Oil UP TO 71.46 dollars per barrel for WTI and BRENT UP AT 74.55 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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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 5941 CONTRACTS TO 553,566 WITH OUR HUGE GAIN IN PRICE OF $30.50 WITH RESPECT TO THURSDAY’S TRADING. , WE LOST ZERO NET IN NUMBER LONGS WITH THE HIGHER PRICE FOR GOLD AS YOU WILL SEE BELOW. WE HAD A HUMONGOUS NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (8599).
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT LAST MONTH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY THIS ENTIRE WEEK AND ESPECIALLY DURING YESTERDAY’S HUGE GAIN IN PRICE.
THE FED IS THE MAJOR SHORT OF AROUND 112+ 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 OCT 2024/(AS OUTLINED IN OUR GOLD PHYSICAL COMMENTARIES//VIEW ANDREW MAGUIRE LATEST LIVE FROM VAULT 197 AS HE TACKLES THIS IMPORTANT TOPIC). THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE THESE PAST TWO MONTHS. THEY ARE TOTALLY TRAPPED. THUS THE REASON FOR THE CONTINUAL RAIDING OF OUR PHYSICAL ANCIENT METAL OF KINGS LIKE TODAY, AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY!
OUR PHYSICAL LONDONERS BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT ANY PRICE 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 THROUGHOUT LAST WEEK’S GAIN IN PRICE AND AGAIN WITH THIS WEEKS TRADING. HOWEVER MANY LONGS WERE CLIPPED ON LAST THURSDAY’S AND FRIDAY’S RAID AND IT CONTINUED WITH THE HUGE RAID WEDNESDAY AND MOST LIKELY AGAIN TODAY. 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 // T.A.S DURING LAST WEEK AND THIS WEEK IS SURELY DISTORTING COMEX OPEN INTEREST BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW ENTERING INTO THE NON ACTIVE DELIVERY MONTH OF NOV.… THE CME REPORTS THAT THE BANKERS ISSUED A HUMONGOUS SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A HUGE SIZED 8599 EFP CONTRACTS WERE ISSUED: : /DEC 8599 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 8599 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 HUMONGOUS SIZED TOTAL OF 14,540 CONTRACTS IN THAT 8599 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED GAIN OF 5941 COMEX CONTRACTS..AND THIS HUGE GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $30.50 THURSDAY// COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AS MENTIONED ABOVE.
AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR THURSDAY NIGHT, A MEGA MEGA SIZED 34,513 CONTRACTS, WILL BE USED TO REPLENISH SUPPLIES.. 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 AND THIS WEEK’S TRADING AND ESPECIALLY WITH TODAY’S RAID.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: NOV (7.978 TONNES) WHICH IS GOOD FOR OUR NON ACTIVE NOV DELIVERY MONTH.
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 47 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
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 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: 66.276 TONNES (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 69.602 TONNES//FINAL STANDING
SEPT. 13.164 TONNES.
OCT 39.474 TONNES + + 20.917 TONNES EXCHANGE FOR RISK PRIOR =60.391 TONNES
NOV . 7.978 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A HUGE $30.50/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF SOME NET SPECULATOR LONGS AS WE DID HAVE A MEGA HUGE GAIN IN OUR TWO EXCHANGES. WE DID HAVE CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY AND THE NEED FOR REPLENISHMENT BUT THIS COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING.
WE HAVE GAINED A TOTAL OF 45.22 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR NOV (2.488TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUMONGOUS QUEUE JUMP OF 515 CONTRACTS OR 51500 OZ (1.602 TONNES). THESE GUYS UNDERWENT A HUGE SIZED QUEUE JUMP BOLTING AHEAD OF OTHER LONGS TO OBTAIN BADLY NEEDED PHYSICAL GOLD. MOSTLY LIKELY THIS IS THE FRBNY DESPERATELY TRYING TO EXTINGUISH ITS MASSIVE PHYSICAL SHORT FALL OF 112 TONNES
//NEW STANDING FOR NOV 7,978 TONNES
NEW STANDING FOR NOVEMBER: 7,978 TONNES
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR HUGE GAIN IN PRICE TO THE TUNE OF $30.50
WE HAD 9335 CONTRACTS REMOVED FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.
NET GAIN ON THE TWO EXCHANGES 14540 CONTRACTS OR 1,454,000 OZ (45.22 TONNES)
confirmed volume THURSDAY 389,231 contracts////massive t.a.s. enhanced
//speculators have left the gold arena
END
NOV 8 NOV GOLD CONTRACT
/ /// THE NOV 2024 GOLD CONTRACT
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | NIL . |
| Deposit to the Dealer Inventory in oz | NIL |
| Deposits to the Customer Inventory, in oz | 64,941.161 OZ BRINKS ENHANCED these 162 bars are London good delivery bars with location strictly in London. |
| No of oz served (contracts) today | 243 notice(s) 24,300 OZ 1.238 TONNES |
| No of oz to be served (notices) | 327 contracts 32700 OZ 1.017 TONNES |
| Total monthly oz gold served (contracts) so far this month | 2238 notices 223,800oz 6.911 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 |
dealer deposits: 0
total dealer deposits: nil oz
we have 1 customer deposits
i) Brinks enhanced 64,941.161 oz Bricks enhanced inventory
these are 162 London 400+ oz each, good London delivery bars.
total deposits 64,941.161 oz
withdrawals: 0
adjustments: 1
i) customer to dealer JPMorgan 12,175.660 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOV.
For the front month of NOV: we have an oi of 570 contracts having GAINED 119 contracts. We had 396 contracts served on THURSDAY so we gained ANOTHER MONSTROUS 515 contracts as they underwent a HUMONGOUS queue jump of 51500 oz (1.602 TONNES OF GOLD)
DECEMBER, THE BIGGEST DELIVERY MONTH LOST 23,403 CONTRACTS TO 348,934
JANUARY GAINED 6 CONTRACTS TO STAND AT 119
FEBRUARY GAINED 25,143 CONTRACTS TO 139,598 .
We had 243 contracts filed for today representing 24,300 oz
This is a huge 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 29 notices issued from their client or customer account. The total of all issuance by all participants equate to 243 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 99 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for NOV /2024. contract month, we take the total number of notices filed so far for the month (2238 x 100 oz ) to which we add the difference between the open interest for the front month of NOV(470 CONTRACTS) minus the number of notices served upon today (243 x 100 oz per contract( equals 257,600 OZ OR 7.978 TONNES.
thus the INITIAL standings for gold for the NOV contract month: No of notices filed so far (2238 x 100 oz +we add the difference for front month of NOV (570 OI} minus the number of notices served upon today (243 x 100 oz which equals 247,600 oz (7.978 TONNES) +
TOTAL COMEX GOLD STANDING FOR NOV.: 7.978 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR.
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COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 1,607,443.291 oz 49.99 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,199,115.603 OZ
TOTAL REGISTERED GOLD 7,631,936.339/// 237.38tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 9,567,179.264 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,024,493 oz (REG GOLD- PLEDGED GOLD)= 187.38 tonnes //
END
SILVER/COMEX
NOV 8. 2024
INITIAL
//2024// THE NOV 2024 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 228,133.221 oz CNT Delaware . |
| Deposits to the Dealer Inventory | nil oz |
| Deposits to the Customer Inventory | 699,262.210 oz Loomis CNT |
| No of oz served today (contracts) | 179 CONTRACT(S) (895,000 OZ) |
| No of oz to be served (notices) | 39 contracts (195,000oz) |
| Total monthly oz silver served (contracts) | 833 Contracts (4.165 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 2 customer deposits
i) Into Loomis 600,637.500 oz
ii) Into CNT 98,624.710 oz
total customer deposits 699,262.210 oz
We had 2 withdrawals
i) Out of CNT 12,069.910 oz
ii) Out of Delaware: 216,063.311 oz
total withdrawal 228,133.221 oz
JPMorgan has a total silver weight: 134.401million oz/312.280million or 42.81%
adjustment 0
TOTAL REGISTERED SILVER: 70.073MILLION OZ//.TOTAL REG + ELIGIBLE. 312.280 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR NOV
silver open interest data:
FRONT MONTH OF NOV /2024 OI: 218 OPEN INTEREST FOR A GAIN OF 177 CONTRACTS
WE HAD 2 NOTICES FILED ON THURSDAY SO WE GAINED 179 CONTRACTS OR 896,000 OZ UNDERWENT A MASSIVE QUEUE JUMP
DECEMBER SAW A LOSS OF 7038 CONTRACTS DOWN TO 99,444 CONTRACTS
JANUARY SAW A GAIN OF 55 CONTRACTS UP TO 1113
.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 179 for .895 MILLION oz
CONFIRMED volume; ON THURSDAY 99,061 huge t.a.s. enhanced
To calculate the number of silver ounces that will stand for delivery in NOV we take the total number of notices filed for the month so far at 833x 5,000 oz = 4.165 MILLION oz
to which we add the difference between the open interest for the front month of NOV (218) and the number of notices served upon today (179)x (5000 oz)
Thus the standings for silver for the NOV 2024 contract month: 833 Notices served so far) x 5000 oz + OI for the front month of NOV(218) number of notices served upon today minus (179)x 5000 oz of silver standing for the NOV contract month equates to 4.360 MILLION OZ.
New total standing: 4.360 million oz.
There are 70.073 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
NOV 8 WITH GOLD DOWN $11.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.87 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 883.46 TONNES
NOV 7 WITH GOLD UP $30.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.45 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 883.46 TONNES
NOV 6 WITH GOLD DOWN $72.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/:. .///INVENTORY RESTS AT 886.91 TONNES
NOV 5 WITH GOLD UP $4.05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:.// . // .///INVENTORY RESTS AT 888.63 TONNES
NOV 4 WITH GOLD DOWN $2.45 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.16 TONNES OF GOLD OUT OF THE GLD.// . // .///INVENTORY RESTS AT 888.63 TONNES
NOV 1 WITH GOLD UP 0.15 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 0.86 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 891 TONNES
OCT 31 WITH GOLD DOWN $49.55 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 892.65 TONNES
OCT 30 WITH GOLD UP $20.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.72 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 889,78 TONNES
OCT 29 WITH GOLD UP $25.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD.// . // .///INVENTORY RESTS AT 891.50 TONNES
OCT 28 WITH GOLD UP $1.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.02 TONNES OF GOLD FROM THE GLD.// . // .///INVENTORY RESTS AT 889.78 TONNES
OCT 25 WITH GOLD UP $6.40 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: // . // .///INVENTORY RESTS AT 893.80 TONNES
OCT 24 WITH GOLD UP $19.60 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.44 TONNES // // . // .///INVENTORY RESTS AT 893.80 TONNES
OCT 23 WITH GOLD DOWN $29.40 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.45 TONNES // // . // .///INVENTORY RESTS AT 895.24 TONNES
OCT 21 WITH GOLD UP $9.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.277 TONNES // // . // .///INVENTORY RESTS AT 888.63 TONNES
OCT 18 WITH GOLD UP $22.30 ON THE DAY; NO CHANGES IN GOLD AT THE GLD // // . // .///INVENTORY RESTS AT 884.59 TONNES
OCT 17 WITH GOLD UP $17.30 ON THE DAY; NO CHANGES IN GOLD AT THE GLD // // . // .///INVENTORY RESTS AT 884.59 TONNES
OCT 16 WITH GOLD UP $13.60 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD //A MONSTER DEPOSIT OF 4.02 TONNES OF GOLD INTO THE GLD.; // . // .///INVENTORY RESTS AT 884.59 TONNES
OCT 15 WITH GOLD UP $2.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD //A MONSTER DEPOSIT OF 4.31 TONNES OF GOLD INTO THE GLD.; // . // .///INVENTORY RESTS AT 880.57 TONNES
OCT 11 WITH GOLD UP $36.55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES
OCT 10 WITH GOLD UP $14.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES
OCT 9 WITH GOLD DOWN $8.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES
OCT 8 WITH GOLD DOWN $28,.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES
OCT 7 WITH GOLD DOWN $1.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD// . // .///INVENTORY RESTS AT 876.26 TONNES
OCT 4 WITH GOLD DOWN $11.20 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A DEPOSIT OF 12.57 TONNES OF GOLD INTO THE GLD// . // .///INVENTORY RESTS AT 877.41 TONNES
OCT 3 WITH GOLD DOWN $8.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; . // .///INVENTORY RESTS AT 874.82 TONNES
OCT 2WITH GOLD DOWN $20.05 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A DEPOSIT OF 2.88 TONNES OF GOLD INOT THE GLD. // .///INVENTORY RESTS AT 874.82 TONNES
OCT 1 WITH GOLD UP $28,55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // .///INVENTORY RESTS AT 871.94 TONNES
SEPT 30 WITH GOLD DOWN $6.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A WITHDRAWAL OF 5.18 TONNES OF GOLD FROM THE GLD// .///INVENTORY RESTS AT 871.94 TONNES
SEPT 27 WITH GOLD DOWN $26.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES
SEPT 26 WITH GOLD UP $11.20 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES
SEPT 25WITH GOLD UP $9.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD ./// /:// A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD//////INVENTORY RESTS AT 877,12 ONNES
SEPT 24WITH GOLD UP $23.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD ./// /:// //////INVENTORY RESTS AT 875.39 ONNES
SEPT 23 WITH GOLD UP $6.65 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,43 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 875.39 ONNES
SEPT 20 WITH GOLD UP $32.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,73 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 873,96ONNES
SEPT 19 WITH GOLD UP $17,05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES
SEPT 18 WITH GOLD UP $5.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES
SEPT 17WITH GOLD DOWN $15.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A HUGE DEPOSIT OF 1.52 TONNES INTO THE GLD /:// //////INVENTORY RESTS AT 872.23TONNES
GLD INVENTORY: 880.59 TONNES, TONIGHTS TOTAL
SILVER
NOV 8 WITH SILVER DOWN $0.43 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 2.005 MILLION OZ INTO THE SLV. /// //INVENTORY AT SLV RESTS AT 477.846 MILLION OZ
NOV 7 WITH SILVER UP $0.11 //NO CHANGES IN SILVER INVENTORY AT THE SLV: /// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ
NOV 6 WITH SILVER DOWN $1.41 //HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.692 MILLION OZ FROM THE SLV/.//// //INVENTORY AT SLV RESTS AT 475.841 MILLION OZ
NOV 5 WITH SILVER UP 0.18 :SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.109 MILLION OZ FROM THE SLV/.//// //INVENTORY AT SLV RESTS AT 479,533 MILLION OZ
NOV 4 WITH SILVER DOWN $0.08 :SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 547,000 OZ.//// //INVENTORY AT SLV RESTS AT 480.642 MILLION OZ
NOV 1 WITH SILVER DOWN $0.10 : NO CHANGES IN SILVER INVENTORY AT THE SLV:.//// //INVENTORY AT SLV RESTS AT 481.189 MILLION OZ
OCT 31 WITH SILVER DOWN $1.26 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.647 MILLION OZ OF SILVER INTO THE SLV//.//// //INVENTORY AT SLV RESTS AT 481.189 MILLION OZ
OCT 30 WITH SILVER DOWN 38 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV.//// //INVENTORY AT SLV RESTS AT 477.542 MILLION OZ
OCT 29 WITH SILVER UP 49 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.628 MILLION OZ OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477.542 MILLION OZ
OCT 28 WITH SILVER UP 15 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 1.431 MILLION OZ OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 478.180 MILLION OZ
OCT 25 WITH SILVER DOWN $0,02 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A DEPOSIT OF 3.06 MILLION OZ INTO THE SLV..//// //INVENTORY AT SLV RESTS AT 480.281 MILLION OZ
OCT 24 WITH SILVER UP $0,01 : SMALL CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.684 MILLION OZ OF SILVER OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477.177 MILLION OZ
OCT 23 WITH SILVER DOWN $1.15 : SMALL CHANGES IN SILVER INVENTORY AT THE SLV’ A WITHDRAWAL OF 0.228 MILLION OZ OF SILVER OUT OF THE SLV..//// //INVENTORY AT SLV RESTS AT 477,861 MILLION OZ
OCT 22 WITH SILVER $0.93 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A DEPOSIT OF 3.329 MILLION OZ OF SILVER INTO THE SLV..//// //INVENTORY AT SLV RESTS AT 478.089 MILLION OZ
OCT 18 WITH SILVER $1.46 : NO CHANGES IN SILVER INVENTORY AT THE SLV//// //INVENTORY AT SLV RESTS AT 473.483 MILLION OZ
OCT 17 WITH SILVER DOWN 18 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV//A DEPOSIT OF 3.419 MILLION OZ INTO THE SLV// //INVENTORY AT SLV RESTS AT 473.483 MILLION OZ
OCT 16 WITH SILVER UP 25 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV// //INVENTORY AT SLV RESTS AT 470.064 MILLION OZ
OCT 15 WITH SILVER DOWN 2 CENTS : SMALL CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 456,,000 OZ FORM THE SLV. //INVENTORY AT SLV RESTS AT 470.064 MILLION OZ
OCT 11 WITH SILVER UP 53 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 932,000 OZ FORM THE SLV. //INVENTORY AT SLV RESTS AT 470.520 MILLION OZ
OCT 9 WITH SILVER UP 7 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.964 MILLION OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 471.432 MILLION OZ
OCT 8 WITH SILVER DOWN $1.41 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.007 MILLION OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 468.468 MILLION OZ
OCT 7 WITH SILVER DOWN 39 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 684,000 OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 466.461 MILLION OZ
OCT 4 WITH SILVER UP 0 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV.: /INVENTORY AT SLV RESTS AT 465.777MILLION OZ
OCT 3WITH SILVER UP 69 CENTS :HUGE CHANGES IN SILVER INVENTORY A WITHDRAWAL OF 1.643 MILLION OZ FORM THE SLV//.: /INVENTORY AT SLV RESTS AT 467.555MILLION OZ
OCT 2WITH SILVER DOWN $0.23 : NO CHANGES IN SILVER INVENTORY: /INVENTORY AT SLV RESTS AT 469.198MILLION OZ
OCT 1 WITH SILVER UP $0.30 : HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 1.368 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 469.198MILLION OZ
SEPT30 WITH SILVER DOWN $0.33 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.094 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 470.566MILLION OZ
SEPT27WITH SILVER DOWN $0.58 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.653 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 469.472MILLION OZ
SEPT26WITH SILVER UP $0.29 : NO CHANGES IN SILVER INVENTORY:/. /: .///./// /INVENTORY AT SLV 464.819 MILLION OZ
SEPT25WITH SILVER DOWN $0.26 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 2.281MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 464,819 MILLION OZ
SEPT24 WITH SILVER UP $1.26 : HUGE CHANGES IN SILVER INVENTORY:. A DEPOSIT OF 9,305 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 467,100 MILLION OZ
SEPT23 WITH SILVER DOWN $0.39 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.824MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 457.795MILLION OZ
SEPT20 WITH SILVER UP $0.08 : NO CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ
SEPT19 WITH SILVER UP $0.85 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ
SEPT18 WITH SILVER DOWN $0.29 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1,551 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 461.079 MILLION OZ
SEPT17 WITH SILVER DOWN $0.13 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWALOF 5.976 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 462MILLION OZ
CLOSING INVENTORY 477.846 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY
Judy Shelton Returns With A Bold Plan To Restore Gold
Friday, Nov 08, 2024 – 12:50 PM
2024 has demonstrated why gold is worth investing in, especially for foreign central banks, who seek to shore up the weaknesses of their fiat currency by buying gold.
In her newest work, former Trump administration advisor Judy Shelton argues that a return to sound money requires going back to gold.
The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.
Gold is on the rise, and so is the typical gold-standard nostalgia that has erupted every time price inflation, banking crises, and/or debt concerns have reappeared after the fall of the Bretton Woods gold-exchange standard in 1971. Certainly, the precious metal’s ascent, as usual, is signaling that all is not well.
Earlier this year, the precious metal soared past $2500 an ounce to all-time price highs, making it one of the best-performing assets of 2024, following a price gain of 13 percent in 2023—the result of persistent economic as well as geopolitical uncertainties. More interestingly, perhaps, the World Gold Council reports that central banks have been the precious metal’s most aggressive buyers, purchasing 1,037 tons of gold in 2023 alone—the second highest annual purchase in history—following the record high of 1,082 tons in 2022. Indeed, a Gold Council survey revealed that 29 percent of central banks respondents planned on increasing their gold reserves in the coming year—the highest percentage since the World Gold Council began this survey in 2018.
A recent piece in The Times (of London) sums up the moment:
Gold, it seems, just can’t be ignored any more. The prospect of falling US interest rates, a decline in the dollar and worries about America’s debt sustainability should lead to more institutional and retail money flocking into gold… There is even talk that the long-mooted new currency set up by the expanded Brics countries will be backed by a number of assets, including gold. A century on from the demise of the [Classical] Gold Standard, which collapsed in the interwar years amid a breakdown in central bank cooperation over how to manage the metal, gold is quietly becoming a more important feature of our financial system rather than an outmoded 20th-century relic.
All of which has led to much talk about sound money, cryptocurrencies, and even the feasibility of a new gold standard, as is attested by the latest title from former Trump administration economic adviser and longtime sound money advocate Judy Shelton—Good as Gold: How to Unleash the Power of Sound Money—currently a best-seller on Amazon.
Shelton, speaking on the phone from Paris, on her way back from a recent New Delhi gathering of the Mont Pelerin Society—the free-market economics conference founded by Friedrich Hayek and Milton Friedman—remains surprisingly upbeat about the precious metal’s monetary prospects despite the myriad of setbacks over the past fifty years.
“We have the gold,” she says, pointing to the US government’s reported holdings of 261.5 million ounces—more than any other nation. “Why not utilize it?”
An inveterate sound money champion, Shelton argues that the present moment is especially propitious, especially on the international level.
The fact that gold-buying by central banks has reached a near-frenzy “testifies to good prospects for the serious consideration of a new proposal,” she says.
And she has one, of course: a well-articulated plan to reaffirm gold convertibility for the average American for the first time since the days of the Classical Gold Standard (1815-1914); albeit beginning exclusively through the ownership of gold-linked US Treasury bonds. To Shelton, the right of dollar-to-gold convertibility—her end goal for the entire US monetary system—is essential: it wouldn’t just signify fiscal and monetary rectitude; it “provides the ultimate simple rule for regulating the money supply in accordance with individual rights and free-market principles,” one of the book’s key arguments.
Her proposal calls for a new issuance of Treasury zero-coupon securities—dubbed Treasury Trust Bonds—offering lower interest rates than conventional Treasuries (thus reducing current deficits), but with the distinguishing feature that they can be redeemed at maturity either at their face value in dollars or at a pre-specified equivalent in gold—at the buyer’s discretion.
In other words, should monetary policy continue on its current off-the-rails path, and the purchasing power of the dollar decline significantly, it could result in a significant loss of US government gold. If not, and the United States straightens out its finances, most of the bonds would be likely redeemed in dollars. In essence, they would offer a “trust-but-verify provision,” as Shelton calls it, staking the nation’s gold holdings on a new resolve to demonstrate fiscal and monetary rectitude. “All that officials would need to do to make the issuance a success is to surpass expectations,” she explains. If they do, the bonds will have led the way “for the United States to issue a dollar-denominated financial instrument that is, literally, as good as gold.”
Acknowledging that her proposal appears modest in comparison with the “impressive gold-standard proposal” that came out of the US Gold Commission during the Reagan years, Shelton argues that by successfully establishing this type of “beachhead for sound money” and “bulwark for fiscal and monetary integrity,” substantial monetary reform here and abroad would likely follow, perhaps even resulting in a new, gold-based international monetary system.
In that case, the power of the Federal Reserve would have to be substantially curtailed, of course. Describing her economic views as “closer to the Austrian School’s than others,” despite her long-time association with supply-side advocates and theory, Shelton agrees with Austrians that the fatal flaw in Bretton Woods (1945-1971) as well as myriad other rule-based proposals is that they ultimately rely on the “discretionary inclinations of technocrat authorities.” Indeed, she acknowledges that the classical gold standard of the late nineteenth century was “much better” than the watered-down, gold-exchange standard of Bretton Woods (in which individuals were denied direct convertibility) as a result of the fact that “it gave individuals, not the government, the power to control the money supply.”
Moreover, the new book makes it clear that 1) central planning doesn’t and has never worked, whether in the old Soviet Union or modern central banking policy; and, therefore, that 2) the Federal Reserve’s “displacement of free-market outcomes may one day breed the same sort of cynicism that caused the Soviet approach to collapse.”
The bottom line for Shelton is that “the highest level of performance to which a central bank could aspire would be to match the economic interactions and results that would likely occur under a gold standard,” an argument her book makes by surveying the results of previous monetary systems. Alternatively, she adds, alluding to Hayek’s best-known book, “substituting the perspicacity of designated monetary authorities for the shared acumen of hundreds of millions of people carrying out voluntary transactions to facilitate their daily needs and future dreams is akin to selecting the path to serfdom.”
In short, while Shelton’s new plan may represent yet another less-than-ideal monetary reform, it would certainly mark a positive step in the unambiguous direction of sound money; and possibly with some real teeth, as she outlines in Good as Gold. Perhaps it will even generate grassroots enthusiasm for real monetary freedom, the reason she hopes the bonds are inaugurated in 2026, the 250th anniversary of the Declaration of Independence.
Indeed, the new book presents such a robust and articulate defense of free-market capitalism in the context of American history and its founding principles, that it makes one wonder whether the prospects for sound policy are better today because Judy Shelton was blocked from joining the Federal Reserve in 2020 and instead continues, unabashedly, to expound her sound-money message.
With the new book, Shelton has doubled-down on everything that got her labeled as a member of the “crank right-wing fringe” and denizen of the “gold-bug circuit” by mainstream writers and analysts in 2020. And her Treasury Trust Bond plan—and greater vision for sound money—will have succeeded, she says, if it leads the nation toward a future in which “payment in future dollars is deemed literally as good as gold.”
“That,” she says, “would be historic.” It certainly would be.
2. ALASDAIR MACLEOD/JIM RICKARDS/PAM AND RUSS MARTENS/ JAMES RICKARDS/ VON GREYERZ//GOLD AND SILVER COMMENTARY//BILL HOLTER:
3. CHRIS POWELL AND GATA DISPATCHES
Gold Gone AWOL? The Curious Case Of Foreign Central Banks’ Gold Stored In Canada
Friday, Nov 08, 2024 – 09:55 AM
By Ronan Manly of Bullion Brief
With the price of gold rocketing and with gold re-establishing itself as the leading monetary reserve asset for central banks worldwide, the quantities of physical gold held by each central bank and the locations of those reserves are becoming increasingly critical questions.
While most have heard of the Bank of England’s fabled gold vault in London and the New York Fed’s deep underground gold vault in Manhattan — both preferred storage facilities for central banks — did you know that four central banks from Europe claim to store a substantial amount of gold with the Bank of Canada in Ottawa?
These are the central banks of the Netherlands, Switzerland, Sweden and Belgium, known respectively as De Nederlandsche Bank (DNB), the Swiss National Bank (SNB), the Swedish Riksbank, and the National Bank of Belgium (NBB). And the amount of gold that these four central banks claim to hold in Ottawa is not insubstantial, totaling approximately 270 tonnes.
Like nearly everything in the opaque and secretive world of central bank gold, these four central banks had been, for many years, quietly keeping their heads down, never revealing that portions of their national monetary gold holdings were supposedly being stored in Ottawa.
But then a perfect storm of factors aligned that forced them to break the secrecy, factors which interplayed and triggered increased expectations for gold holdings transparency — the Great Financial Crisis of 2007–2009 which intensified scrutiny on central banks; the European Debt Crisis of 2010–2012 which spurred demands for transparency in monetary reserves; political pressure and calls from state auditors for gold holdings disclosure; public activism pushing for gold repatriation and domestic gold storage; and finally the German Bundesbank’s high-profile decision that emerged in 2012 to repatriate some of its gold from storage in New York and Paris.
Swiss, Dutch, Swedish and Belgian
In the case of the Netherlands central bank (DNB), the trigger to reveal the location of its gold reserves came from Dutch members of parliament who in December 2012, noticing that the German Bundesbank was being pressured into explaining if its enormous gold holdings at the New York Fed were actually there, forced the then Dutch finance minister Jeroen Dijsselbloem to reveal that 51% of the DNB’s 612 tonnes of gold was claimed to be held at the New York Fed, 20% of the gold at the Bank of Canada in Ottawa (i.e. 122.5 tonnes), 18% at the Bank of England in London, and the rest stored domestically in the Netherlands.
In the SNB’s case it was the “Save Our Swiss Gold” campaign, a national referendum initiative that spanned 2013 — 2014 which among other things called for a ban on SNB gold sales and the repatriation of all Swiss gold reserves stored abroad. In fighting this referendum, which it was successful in doing, the SNB’s then president, Thomas Jordan, in April 2013 was forced to reveal the previously confidential information that only 70% of the SNB’s 1040 tonnes of gold reserves were held in Switzerland, with 20% of the gold held at the Bank of England, and 10% of the gold held with the Bank of Canada in Ottawa (equivalent to 104 tonnes).
In October 2013, the Swedish Riksbank, up until then secretive about where its gold was located, also revealed that just under half of its 125.7 tonnes of gold was stored at the Bank of England, with another 33.2 tonnes (26.4%) stored with the Bank of Canada in Ottawa, and the rest stored at the New York Fed (10.5%), Swiss National Bank (2.2%), and domestically at the Riksbank (12%).
While the Riksbank at the time said that its new found openness was “part of the Riksbank endeavours to be as transparent as we can”, the real triggers for the Riksbank revelation were peer pressure from other European central banks (for example, in neighbouring Finland, the Finnish central bank revealed the location of its gold reserves during the same week as the Riksbank), and of course the by then in progress German Bundesbank gold repatriation operation from Paris and New York which began in 2013.
Turning to Belgium, following a series of parliamentary questions put to the Belgian Minister of Finance, Koen Geens, during the March 2013 period about the storage locations of the NBB’s gold (in light of the move by the Bundesbank to repatriate some of its gold), Geens reluctantly revealed that of the 227.5 tonnes of gold held by the National Bank of Belgium (NBB) “the largest part of the gold stock of the NBB is held at the Bank of England. A much smaller quantity is held at the Bank of Canada and the Bank for International Settlements (BIS). A very limited quantity is stored at the National Bank of Belgium.”
While this answer did not state how much NBB gold was stored in each location, other media reports from 2014 stated that the NBB held 200 tonnes of gold in London. That being the case, if just less than half the remaining was held by the Bank of Canada (with the rest held by the BIS and domestically by the NBB), that would imply approximately 13 tonnes of Belgian gold claimed to be held in Ottawa.
More than 270 Tonnes of Gold
Adding together all the Swiss, Dutch, Swedish and Belgian gold claimed to be held at the Bank of Canada in Ottawa yields the following: 10% of Swiss gold holdings of 1040 tonnes = 104 tonnes; 20% of Dutch gold holdings of 612.5 tonnes = 122.5 tonnes, Swedish gold 33.2 tonnes; Belgian gold 13 tonnes; for a grand total of 272.7 tonnes, which would be approximately 8.768 million troy ozs of gold, and if in the form of Good Delivery gold bars (400 oz bars) would equate to 21,816 gold bars.
This 272.7 tonnes is quite a sizeable quantity of gold, and to put it into perspective, is approximately equal to the gold holdings of either the Austrian central bank (280 tonnes) or the Spanish central bank (281 tonnes), but has flown totally under the radar among the mainstream financial media. For example, not one mainstream financial news reporter has ever picked up on this topic and asked these four central banks about their gold reserves supposedly stored in Ottawa.
Historic Holdings in a Subterranean Vault
And here is where it gets interesting. The Bank of Canada was an historical gold storage custodian for central bank gold that primarily emerged as a safe place to store gold during World War 2. But its popularity dies down again dramatically from the 1950s onwards. The fact that some of the national monetary gold holdings of the Swiss, Dutch, Swedes and Belgians are claimed to be still held in Ottawa means that the gold in question has been there for a very very long time. For over 80 years to be precise.
Compared to far older central banks, the Bank of Canada was only established in 1935, and its headquarters building on Ottawa’s Wellington Street was only completed in 1938.
This Wellington Street building included a gold vault in the basement, described in the Bank’s head office plans as “a subterranean vault built right into the Laurentian Shield” (i.e. the bedrock). The gold vault, like the HQ, also opened in 1938, and had special shelving added to store the gold, and which one Bank of Canada employee said was “as cavernous as Fort Knox”.
The first three foreign central banks to hold gold with the Bank of Canada were the BIS (1935), the Bank of England (1936), and the Banque de France (1939). Then as World War II broke out in 1939, a further eight central banks clients moved gold to Canada in 1940 to keep it out of reach of the Axis powers, including the Netherlands central bank, Norway’s central bank and the Polish central bank. Then in 1942, the Swiss National Bank and Portuguese central bank began storing gold in Ottawa, followed by the National Bank of Belgium in 1943, the Swedish Riskbank 1944,and the Bank of Mexico in 1945. So can can see straight away how far back in time these gold holdings of Netherlands, Switzerland, Sweden and Belgium in Ottawa stretch.
As Bank of Canada historic documents explain, the European central banks during World War 2 looked at “the sanctity of Ottawa as a safe haven” and considered Ottawa “a faraway, safe place to store gold”. Which is why at its peak, the Wellington Street vault stored more than 2,500 tonnes of gold.
While a few more European central banks opened gold accounts at the Bank of Canada in the 1950s, e.g. Austria and Denmark in 1951, and West Germany in 1954, when the world returned to peace time in the 1950s and following the end of gold convertibility in August 1971, most of these central banks ceased to have any gold holdings in Canada, except strangely the ‘Stay-Behind Quartet’ of Switzerland, the Netherlands, Sweden, and Belgium. The question is, why did these four central banks not bring their gold back from Ottawa to Europe like most other central banks did?
2012: The Gold Goes Walkabout
What’s even more puzzling is as follows. The Bank of Canada’s gold vault used to be located under it’s headquarters building on Wellington Street in downtown Ottawa. However, this building underwent a total renovation between 2013 and 2017 during which time it was literally gutted and the Bank’s 1400 staff moved to other locations. But not only the staff were moved. The gold was also moved.
As well-known Canadian magazine Maclean’s stated in an article titled ‘The Bank of Canada’s move, and what it means for a fabled underground vault’ in June 2013:
“The renovations, with a price tag of $460 million, and due to be finished by January 2017, will be so extensive as to require the bank to move the entire contents of its Wellington building, including the subterranean vault, which extends from below Wellington and, reportedly, out under the Sparks Street Mall.”
MacLean’s continued:
“Former front-line employees interviewed by Maclean’s, whose work until recently took them beneath the Bank of Canada building, describe vaults that, although depleted, continue to be home to a not insignificant horde of foreign reserves — gold in the form of bullion and coins kept for other central banks. Whatever those holdings entail, all of it is already gone, relocated in advance of the move.”
So you see, the gold that the central banks of Switzerland, Netherlands, Sweden and Belgium claimed over the years 2012–2017 to be “at the Bank of Canada in Ottawa” (Netherlands) or “held with the Bank of Canada in Ottawa” (Switzerland) or “held at the Bank of Canada” (Belgium), was not actually being held at the Bank of Canada ‘s vault in Ottawa. Whatever gold had been there was moved somewhere else. However, at no time did any of the four central banks change the language in their annual statements nor mention the fact that the gold in Ottawa, if it was there at all, moved out of the Bank of Canada’s vault.
When the Bank of Canada moved back into its renovated headquarters building on Wellington Street, there was also absolutely no mention that the vault still existed.
One possibility is that whatever gold bullion had been stored in the Wellington vault before the building renovation was transferred to the Royal Canadian Mint (RCM) on Sussex Drive, which is only 2 kms away from the Bank’s Wellington Street building, and about 5 minutes drive. This theory is plausible because a) the locations are very near each other in central Ottawa, b) both institutions are government organisations known as ‘Crown Corporations’ and c) the RCM, being a precious metals mint and a refinery, already had precious metals storage vaults.
We also know for a fact that in late 2012, a large number of old gold coins that had been stored in the Bank of Canada vault under Wellington Street for over 75 years up until that point, suddenly appeared in the vaults of the Royal Canadian Mint on Sussex Drive. These are coins that had been minted between the years 1912–1914, and some of which the RCM then offered for sale to the public as collectors’ items.
Not only that, but as part of the publicity around these old gold coins, the then governor of the Bank of Canada, Mark Carney, appeared in publicity shots with the president of the RCM, Ian E. Bennett, in a precious metals vault at the RCM’s facilitates. While in the photos it just looks like working stock gold bars in the background on the shelves, the fact that the Bank of Canada’s collection of gold coins ended up in the RCM facility suggests that the foreign central bank gold might have been transported there also. If so, what became of the gold bars belonging to the Swiss, Swedes, Belgians and Dutch in the years following 2012?
Note that Mark Carney was Deputy Governor of the Bank of Canada from August 2003 until November 2004, then senior associate deputy minister and G7 deputy at the Canadian Department of Finance between November 2004 to October 2007, and then Governor of the Bank of Canada from February 2008 until the end of June 2013. Therefore Carney would know a thing or two about the foreign central bank gold holdings that are supposedly under the custodianship of the Bank of Canada.
Having foreign central bank gold reserves stored in a working precious metals mint and refinery is by definition very concerning because it opens up the possibility that the custodian (Bank of Canada) would allow the sub-custodian (Royal Canadian Mint) to borrow precious metal and use it in the gold coin production process.
In general, it is also concerning that supposedly sophisticated central banks such as the SNB, DNB, NBB, and Riksbank, would still entrust some of their extremely valuable gold holdings to a central bank (the Bank of Canada) that hasn’t even got any gold holdings of its own. That’s right! Because the Bank of Canada is infamous in having sold all of its huge gold holdings during the late 1980s, and into the 1990s, and into the early 2000s.
In 1985, Canada still held 625 tonnes of gold. But then between 1986 and 1994 (all through the Mulroney and Chrétien governments), Canada (via its Department of Finance) sold a massive 504 tonnes of gold, and by 1994 the State only held 123 tonnes of gold.
By year-end 2002, this total had dwindled further to a mere 18.6 tonnes, and by December 2003, Canada had no gold bullion at all, becoming, as Reg Howe phrased it “the world’s only major economic power to have eliminated its gold reserves”. Interestingly, Ian E. Bennett, the former RCM president in the photo above with Carney, held senior positions in Canada’s Department of Finance between 1984 and 1993, i.e. all through the period during which Canada sold its gold reserves.
Who then would trust a central bank (Bank of Canada) to safeguard their gold holdings when it (and the Canadian Department of Finance) had treated their own gold reserves like a clearance sale at the mall? But incredibly, as we have seen, the Swiss, Dutch, Swedes and Belgians central banks appear to have done so.
While the reason given by the Canadian authorities for selling the gold was to invest the proceeds into interest-bearing assets – itself a huge mistake given the huge rise in the gold price since then – there are various theories that the real reason for selling the Canadian gold was either as part of an internationally coordinated gold price suppression scheme, or as part of a bullion bank rescue operation that needed to pay back out of control gold loan losses.
So perhaps the Canadian custodied gold of the Swiss, Dutch, Swedes and Belgians went the same way, and that gold is now ‘on the books’ of their balance sheets as a smoke and mirrors line item ‘Gold Receivables’. In a similar vein, perhaps the gold of the Swiss, Dutch, Belgians and Swedes has long ago been leased, loaned, encumbered, pledged in loans and swaps, or even driven down to the New York Fed vault in Manhattan — a road which is less than 500 miles away from Ottawa and takes less than 7 hours.
Conclusion
Which brings us back finally to the central banks themselves, and the ways, not surprisingly, in which they have provided misinformation, disinformation and deflection about the true state of the gold reserves which they claim to hold in Canada.
In 2014, the Swiss National Bank published a document called “Arguments of the SNB against [The Swiss Gold] Initiative” in which it stated that:
“The same standards are applied to storing gold abroad as to storing gold in Switzerland. The partner central banks keep clearly identifiable gold bar holdings for the SNB. Each bar stored abroad has a bar identification and remains the property of the SNB. The availability of our gold holdings is fully guaranteed at all times.”
Given that there was no gold in the Bank of Canada’s Wellington Street vault in 2014, this quote from the Swiss National Bank is clearing untrue and is at best misinformation. The SNB also said that gold reserves need to be stored where there is “good market access”. As regards the claimed gold at the Bank of Canada, this statement is patently absurd. There is no central bank gold trading market in Ottawa, and remember the SNB claims to have 104 tonnes of gold in Ottawa. Ottawa is a central bank gold market backwater, and hasn’t been a major gold trading centre for many decades.
In October 2014, the SNB also released a media dossier (only in French and German) in the form of a Q & A format (see here), one of the Q&As of which was as follows:
Q to SNB : When was the last visit of the SNB to these sites (abroad)?
SNB A: Representatives of the National Bank inspect the storage rooms of gold at regular intervals and in agreement with the central bank partners. The SNB has been satisfied in all respects by the result of these visits.
Again this is clearly not true as the gold wasn’t even at the Bank of Canada’s Wellington Street vault in 2014.
Likewise, in 2013, in a Q&A with Swedish media publication ‘Dagens industri about the Swedish gold reserves, the Riksbank answered as follows:
Q to Riksbank: “How do you verify that the gold is really where it should be?
Riksbank A:“We have our own listings of where it is. We reconcile these against extracts that we receive once a year. From now on, we will also start with our own inspections.”
Again, how could the Riksbank start its own inspections of the claimed 33.2 tonnes of Swedish gold stored in Canada, when all of the gold that had been in the Wellington Street vault in Ottawa had been moved out in late 2012? And as you can see there was no mention of the transfer out of the vault in the answer given by the Riskbank.
In 2017, I asked the Riksbank by email: “Is there any specific reason why the Riksbank does not publish a gold bar weight list in the way, for example, that a gold-backed ETF does publish such a weight list every trading day?
The Riksbank Head of Communications, answered as follows: “This kind of information is covered by secrecy relating to foreign affairs, as well as security secrecy and surveillance secrecy.”
So you can see that there are many problems with these central bank explanations. Take your pick, but here are a few.
The Riksbank refused to provide a gold bar list. The Swiss National Bank created huge push back against a popular initiative to bring Swiss gold back from Canada and London.
The Netherlands central bank in November 2014, in an announcement which caused great media interest, said it had secretly repatriated 122.5 tonnes of gold from the Federal Reserve vault in New York back to Amsterdam. But … if repatriating gold was so important to the Netherlands central bank at that time, why didn’t it use the logistical opportunity to also bring gold back from Canada in 2014 at the same time that it brought gold back from New York. After all Ottawa is only a few hours drive from New York?
And as regards the National Bank of Belgium (NBB), in early 2015 there was controversy about whether NBB governor Luc Coene had said that the bank wanted to repatriate 200 tonnes of gold from London. This was first reported by one Belgian newspaper as being true, and then reported by another Belgian newspaper as not being true, quoting Coene as saying that “The repatriation from the UK is not true”. But the point to note here is that none of the reports even mentioned the NBB gold claimed to be stored in Canada.
It’s as if in all of these cases, Canada has been conveniently and deliberately forgotten. And none of the four central banks which claim to have gold stored in Ottawa have ever repatriated a single troy ounce of gold from Canada, let alone a few gold bars. Why not? Where is the Netherlands’ 122.5 tonnes of gold? Switzerland’s 104 tonnes? Sweden’s 33.2 tonnes? And Belgium’s ~ 13 tonnes? That’s in total 272 tonnes of gold and nearly 22,000 good delivery gold bars.
In the current gold landscape, there are many central banks across the world increasingly holding their gold domestically and indeed repatriating gold reserves to their home countries (as seen with Poland, Hungary and India). And also calls for the banks to justify why they maintain gold holdings abroad in the first place.
But at the same time, amid lack of transparency, lack of accountability and utter secrecy, the true state of the gold reserves of four foreign central banks in Canada remains unclear. This is indeed a very Curious Case. Has the gold gone AWOL, or is there an innocent explanation? Enquiring minds would like to know.
This article was originally published on my Medium page under the same title “Gold Gone AWOL? The Curious Case of Foreign Central Banks’ Gold Stored in Canada“.
Follow Ronan Manly on X @bullionbrief
END
4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 198 ANDREW MAGUIRE WITH PETER KRAUTH
TOPIC SILVER SUPPLY CRUNCH!!
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES: ALUMINA
.
6 CRYPTOCURRENCY NEWS
END
ASIA TRADING THURSDAY MORNING/WEDNESDAY NIGHT
SHANGHAI CLOSED DOWN 18.36 PTS OR 0.53%
//Hang Seng CLOSED DOWN 225.15 PTS OR 1.07%
// Nikkei CLOSED UP 118.96 OR 0.30%//Australia’s all ordinaries CLOSED UP 0.84%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1649 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1859// Oil UP TO 71.46 dollars per barrel for WTI and BRENT UP AT 74.55 Stocks in Europe OPENED ALL RED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN AT 7.1649
OFFSHORE YUAN: DOWN TO 7.1859
SHANGHAI CLOSED CLOSED DOWN 18.36 PTS OR 0.30%
HANG SENG CLOSED CLOSED DOWN 225.15 PTS OR 1.07%
2. Nikkei closed UP 118.96 PTS OR 0.30%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 104.43 EURO FALLS TO 1.0769 DOWN 26 BASIS PTS
3b Japan 10 YR bond yield: FALLSS TO. +0.987 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 160.86…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING 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 DOWN /JAPANESE Yen UP CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
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 DOWN TO +2.3885 Italian 10 Yr bond yield DOWN to 3.673 //SPAIN 10 YR BOND YIELD DOWN TO 3.134
3i Greek 10 year bond yield DOWN TO 3.277
3j Gold at $2691.95 /Silver at: 31.51 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 39/100 roubles/dollar; ROUBLE AT 97.60
3m oil into the 70 dollar handle for WTI and 74 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 152.50 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.987% 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 0.8714 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9388 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: 4.312 DOWN 3 BASIS PTS…
USA 30 YR BOND YIELD: 4.515 DOWN 3 BASIS PTS/
USA 2 YR BOND YIELD: 4.261 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 34.36…
10 YR UK BOND YIELD: 4.519 UP 2 PTS
10 YR CANADA BOND YIELD: 3.211 DOWN 2 BASIS PTS
5 YR CANADA BOND YIELD: 3.023 DOWN 3 PTS.
2a New York OPENING REPORT
2B) European report.
China-related assets slide as MOFCOM disappoints – Newsquawk US Market Open
Friday, Nov 08, 2024 – 06:10 AM
- European bourses are entirely in the red, with sentiment hit after China’s NPC press conference disappointed markets; US futures remain flat.
- DXY is slightly firmer, with the JPY strong whilst the Antipodeans lag given the lack of fresh stimulus measures from China.
- Bonds are on a firmer footing, with modest outperformance in Gilts and as USTs await Fed speak from Bowman & Musalem.
- Crude oil, XAU and base metals are all on the backfoot, following the underwhelming Chinese NPC press conference.
- Looking ahead, Canadian Jobs, US UoM Inflation Prelim/Sentiment, Speakers including BoC’s Gravelle, Fed’s Bowman & Musalem.
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EUROPEAN TRADE
EQUITIES
- European bourses, Stoxx 600 (-0.7%) are entirely in the red and to varying degrees vs futures initially indicating a positive open. Sentiment was hit following the China’s NPC press conference, where it largely refrained from providing specific details on fiscal stimulus, but did promise more forceful fiscal policy in next year. Bourses continued to trundle lower and currently reside just off worst levels.
- European sectors hold a negative bias; Healthcare takes the top spot, lifted by AstraZeneca after it reported a positive update on one of its treatments. Basic Resources and Consumer Products sit at the foot of the pile, with the former hampered by losses in underlying metals prices whilst the latter is weighed on by poor results from Richemont. Additionally, sentiment across these China-exposed sectors was hit given the lack of fresh stimulus measures from China’s NPCSC.
- US equity futures (ES -0.1%, NQ U/C, RTY U/C) are flat/incrementally lower, but have been edging ever so slightly lower in recent trade, given the weakness also seen in Europe.
- TSMC (2330 TT) has reportedly informed Chinese customers that it will be suspending production of some of their AI and high-performance chips, via Nikkei citing sources; as the Co. increases efforts to comply with US export controls
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY is slightly higher, with USD stronger vs. most peers (DXY is sluggish on account of JPY strength). DXY has been as high as 105.44 post-election but has since returned to a 104 handle.
- EUR is on the backfoot vs. the USD with the pair unable to hold above the 1.08 mark after venturing as high as 1.0824 on Thursday. For now, today’s session low is at 1.0762 is still comfortably above yesterday’s base at 1.0712.
- GBP softer vs. the USD to a similar magnitude as peers. Downside for Cable is limited relative to Thursday’s moves with the current session low at 1.2936.
- JPY is the only of the majors to be up against the USD in an extension of yesterday’s price action. Markets seem willing to fade some of the post-election rally seen in USD/JPY with Japanese officials out in full force attempting to jawbone the pair lower. USD/JPY has been as low as 152.28 with the next targets coming via the 200 and 21DMAs at 151.67 and 151.66 respectively.
- Antipodeans are both softer vs. the USD after yesterday’s post-election recovery vs. the USD. Today it is likely that some of the disappointment surrounding the Chinese NPC meeting is acting as a drag on both pairs.
- Yuan is on the backfoot vs. the USD with the outcome of the Chinese NPC meeting judged to be somewhat of a damp squib as some expectations for bazooka stimulus were left disappointed.
- PBoC set USD/CNY mid-point at 7.1433 vs exp. 7.1452 (prev. 7.1659).
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- USTs are in the green, as markets digest the 25bps move from the Fed and continued data-dependent and meeting-by-meeting guidance alongside Powell saying he intends to serve the entirety of his term (mid-2026). Given the cut, yields are lower across the curve though there is no overt flattening/steepening bias currently. USTs at a 110-16+ peak, just off the 110-21+ WTD high. No real follow through from the underwhelming Chinese press conference.
- Bunds are firmer, taking directional impetus from USTs but primarily bouncing back from the marked pressure seen yesterday when the German coalition essentially collapsed. Stopped two ticks shy of the 132.00 mark but remains in striking distance.
- Gilts are directionally echoing peers but the modest outperformer. Action which comes as Gilts pare back the hawkish-skew from yesterday’s BoE. Gilts currently above the 94.00 mark but just off a 94.21 peak, resistance at 94.34 and 94.73 from Monday and last Friday.
- Click for a detailed summary
COMMODITIES
- A softer session for the crude complex complex thus far in a continuation of the weakness seen overnight following yesterday’s choppy performance but with price action contained amid light oil-specific newsflow and against the backdrop of ongoing geopolitical risks. Weakness this morning also emanated from China’s NPC press conference which was overall a damp squib – China’s much anticipated NPC Standing Committee meeting concluded today with an announcement on a debt swap plan to rein in hidden local government debt, whilst future fiscal stimulus was promised. Brent trades towards the lower end of a USD 74.45-75.61/bbl.
- Precious metals are softer across the board after rebounding yesterday as the dollar softened on a Trump trade fade, with the broader commodity complex overall underwhelmed by the Chinese NPC press conference.
- Base metals are lower across the board following the underwhelming Chinese NPC announcement which omitted specifics regarding sizes of fiscal stimulus, although China’s Finance Minister said China will roll out new policy measures.
- US President-elect Trump reportedly intends to drastically increase sanctions on Iran and throttle its oil sales, via WSJ citing sources.
- Click for a detailed summary
NOTABLE DATA RECAP
- French Trade Balance, EUR, SA (Sep) -8.266B (Prev. -7.371B, Rev. -7.718B); Imports, EUR (Sep) 56.853B (Prev. 57.028B, Rev. 57.008B); Exports, EUR (Sep) 48.587B (Prev. 49.657B, Rev. 49.290B); Current Account (Sep) -2.1B (Prev. -0.6B, Rev. -1.2B)
- Italian Industrial Output MM SA (Sep) -0.4% vs. Exp. -0.2% (Prev. 0.1%); Industrial Output YY WDA (Sep) -4.0% (Prev. -3.2%)
NOTABLE US HEADLINES
- Trump named Susan Wiles as White House Chief of Staff.
GEOPOLITICS
MIDDLE EAST
- “Deputy Speaker of the Lebanese Parliament to Sky News Arabia: A ceasefire is possible within a few weeks”, according to Sky News Arabia; details light
- Iranian Supreme Leader said Iran should put an end to Israel and make a sound decision on responding to its attack, according to Sky News Arabia.
- Israeli PM Netanyahu is aware of serious violence against Israeli citizens in Amsterdam and directed that two planes be sent immediately to assist citizens in Amsterdam after reports of Israeli football fans being attacked by assailants chanting ‘Free Palestine’. Furthermore, Israel’s Foreign Minister asked his Dutch counterpart to help get Israelis out safely following the security incident in Amsterdam.
- Israeli occupation forces stormed the city of Dhahriya, south of Hebron in the West Bank, according to Al Jazeera.
CRYPTO
- Bitcoin is relatively steady and holds just beneath USD 76k.
APAC TRADE
- APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement.
- ASX 200 outperformed its major peers amid gains in nearly all sectors and with financials kept afloat post-ANZ earnings.
- Nikkei 225 traded higher but with gains capped after a contraction in household spending and the recent currency rebound.
- Hang Seng and Shanghai Comp wiped out early gains despite the HKMA’s 25bps lockstep rate cut with price action cautious as participants awaited the conclusion of the NPC Standing Committee’s session and potential stimulus announcement.
CHINA NPC PRESS CONFERENCE
- China’s top lawmakers have approved the local debt swap plan; to raise the local gov’t debt ceilings to replace existing hidden debts, via Xinhua.
- China’s NPC Vice-Chairman says they intend to raise the local gov’t debt ceiling by CNY 6tln. Moves to reduce local gov’t debt will help to promote growth, expect to save CNY 600bln in interests for local gov’ts over five years; In addition to the 6tln debt limit approved, the local debt repayment resources will be directly increased by 10tln. New debt quota will help to replace existing debts. Will help to increase the local debt ceiling. Will raise the end-2024 local gov’t special bond ceiling to CNY 35.5tln from CNY 29.52tln. Debt burdens in some regions are “big & heavy”. Must resolutely curb new “hidden” debt.
- China’s Finance Minister (Q&A): must resolutely curb new “hidden” debt; China Government debt burden relatively low and still has relatively big room to raise debt; will increase counter-cyclical measures. Will roll out new policy measures. Will issue measures to support the property market. To implement more forceful fiscal policy in 2025. Will soon issue special sovereign bonds to replenish the capital of big state banks. Issue special local bonds to support the purchase of idle land and unsold flats. Will issue ultra-long special treasury bonds.
NOTABLE ASIA-PAC HEADLINES
- PBoC says they will firmly guard against the risk of exchange rate overshooting. Further interest rate cuts face dual constraints of net interest margin and exchange rate
- PBoC Q3 Monetary Policy Report: Reiterates monetary policy is to be flexible & targeted. To enhance the guiding role of central bank policy rates. To keep expanding monetary policy toolbox. Sticking to accommodative monetary policy stance. Maintain yuan exchange rate. To further improve monetary policy framework
- China’s MOFCOM says China made progress in talks with EU on EV tariffs, with technical talks next week.
- Hong Kong Monetary Authority cut its base rate by 25bps to 5.00%, as expected, in lockstep with the Fed.
- China’s Ambassador to the US Xie Feng said there are no winners in tariff wars, trade wars, science and technology wars, and industrial wars, while he added that the Taiwan issue is the first red line that cannot be crossed in Sino-US relations and words must match deeds. Furthermore, he said no challenge can stop China’s progress and that any containment and suppression will only “hit a wall.”
- Japanese Finance Minister Kato said they will closely monitor the impact of Trump policies on the Japanese economy, while he wouldn’t comment on the FX level but reiterated it is important for currencies to move in a stable manner reflecting fundamentals and that they will take appropriate steps on excessive moves.
- Sony (6758 JT) 6-month (JPY): Net 570bln, +36%; Operating 734bln, +42.3%; PBT 767bln, +43.8%.
- Softbank (9434 JT) 6-month (JPY) Sales 3.15tln, +7.4% Y/Y, Op. Income 585.89bln, +13.9% Y/Y; Sees FY Net Income 510bln (prev. guided 500bln); Op. Income 950bln (prev. guided 900bln)
- China Q3 (USD) Prelim current account surplus 146.9bln (prev. 54.5bln Y/Y), via China FX Regulator
- Acer (2353 TT) Oct consolidated revenue TWD 18.82bln Year to October +10.1%
DATA RECAP
- Japanese All Household Spending MM (Sep) -1.3% vs. Exp. -0.7% (Prev. 2.0%); YY -1.1% vs. Exp. -2.1% (Prev. -1.9%)
2C ASIAN REPORT
FOMC cut as expected, US yields pressured; traders await potential Chinese stimulus – Newsquawk Europe Market Open
Friday, Nov 08, 2024 – 01:49 AM
- APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement.
- FOMC cut rates by 25bps to 4.50-4.75%, as expected, in a unanimous decision and removed language about having gained greater confidence in inflation moving sustainably towards the 2% target. Fed Chair Powell said during the Q&A that the election will have no effect on policy decisions in the near term.
- US President-elect Trump is likely to allow Fed chair Powell to serve the remainder of his term, according to CNN. Fed Chair said he will not resign if Trump asks him to. (Powell’s term is set to end in May 2026).
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 1.1% on Thursday.
- Looking ahead, highlights include French Trade Balance, Italian Industrial Output, Canadian Jobs, US UoM Prelim, Chinese Money Supply, Speakers including ECB’s Cipollone, BoC’s Gravelle, Fed’s Bowman & Musalem, Earnings from Richemont, Rightmove, International Consolidated Airlines Group, Paramount Global & Sony.
SNAPSHOT
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US TRADE
EQUITIES
- US stocks mostly extended on their post-election advances which saw the major indices notch fresh record highs with the tech-heavy Nasdaq 100 leading the advances amid gains across the mega-cap names and with outperformance in Communication Services, Technology and Consumer Discretionary.
- Outside of stocks, trade in general, was catalysed by an unwind of the recent extreme moves seen in the wake of the Trump victory, which resulted in a firm rebound for treasuries as yields softened and the dollar also weakened, while the FOMC’s widely expected decision to cut rates and Powell’s presser had little lasting impact across markets which mostly then continued with the earlier Trump fade.
- SPX +0.74% at 5,973, NDX +1.54% at 21,102, DJIA flat at 43,729, RUT -0.43% at 2,383.
- Click here for a detailed summary.
FOMC
- FOMC cut rates by 25bps to 4.50-4.75%, as expected, in a unanimous decision and removed language about having gained greater confidence in inflation moving sustainably towards the 2% target. FOMC said recent indicators suggest that economic activity has continued to expand at a solid pace and inflation has made progress towards the Committee’s 2% objective but remains somewhat elevated.
- Fed Chair Powell said during the press conference that the economy is strong and the labour market remains solid, while inflation has eased substantially and they are committed to maintaining the economy’s strength. Powell said the Fed took another step in reducing policy restraint and continues to be confident that with the recalibration of stance, inflation will move sustainably down to 2%. Furthermore, he said they can dial back policy more slowly if the economy remains strong and inflation is not moving to 2% or can move more quickly if the economy slows and inflation moves towards 2%.
- Fed Chair Powell said during the Q&A that the election will have no effect on policy decisions in the near term and since the September meeting, the main economic activity has been stronger and some of the downside risks to the economy have diminished. Powell also said they will want to see how long higher bond rates will be maintained and what they have seen so far, it is not a major factor and they are not at the stage where bond rates need to be taken into policy consideration, while they will make a decision on rates as they get to December and will be looking at incoming data and how that affects the outlook. Powell added they are in the process of recalibrating from a fairly restrictive level and asking themselves if that is where they need to be, as well as trying to steer between moving too quickly and moving too slowly. Furthermore, Powell said statement changes are not meant to be a signal with the change in statement ‘omitting confidence’ is not meant to convey anything about the stickiness of inflation and that they have gained confidence on inflation moving towards 2%, while he said he would not resign if asked to and noted risks are two-sided with the economy and policy both in a very good place.
NOTABLE HEADLINES
- US President-elect Trump is likely to allow Fed chair Powell to serve the remainder of his term, according to CNN (Powell’s term is set to end in May 2026). It was separately reported that Trump named Susan Wiles as White House Chief of Staff.
APAC TRADE
EQUITIES
- APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement.
- ASX 200 outperformed its major peers amid gains in nearly all sectors and with financials kept afloat post-ANZ earnings.
- Nikkei 225 traded higher but with gains capped after a contraction in household spending and the recent currency rebound.
- Hang Seng and Shanghai Comp wiped out early gains despite the HKMA’s 25bps lockstep rate cut with price action cautious as participants awaited the conclusion of the NPC Standing Committee’s session and potential stimulus announcement.
- US equity futures traded sideways after having plateaued at around record levels.
- European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 1.1% on Thursday.
FX
- DXY traded sideways after giving back some of the large gains incurred in the post-Trump win and with the FOMC providing very little surprises as the Fed cut rates by 25bps to 4.50%-4.75%, as expected, while the buck was also indecisive in the wake of Fed Chair Powell’s presser where he downplayed the recent rise in Treasury yields and kept the options open for the December meeting.
- EUR/USD mildly faded the recent rebound after failing to sustain the brief reclaim of the 1.0800 status.
- GBP/USD lingered at a sub-1.3000 level but held on to most of the prior day’s gains in the aftermath of the BoE meeting where the Bank announced a widely expected 25bps rate cut and said it will ensure the Bank Rate is restrictive for sufficiently long.
- USD/JPY prodded yesterday’s lows and breached through support at the 153.00 level to the downside.
- Antipodeans eased back following their recent outperformance as risk sentiment gradually waned and with participants awaiting a potential fiscal stimulus announcement from China.
- PBoC set USD/CNY mid-point at 7.1433 vs exp. 7.1452 (prev. 7.1659).
FIXED INCOME
- 10yr UST futures remained afloat after rallying yesterday as bonds rebounded and yields pared from Trump victory extremes, while the FOMC rate cut announcement and post-meeting presser had little lasting impact on the treasury complex.
- Bund futures traded rangebound following mixed German/EU data and the recent whipsawing through the 131.00 level.
- 10yr JGB futures lacked firm direction but were kept afloat amid the contraction of Japanese household spending data.
COMMODITIES
- Crude futures were lacklustre following yesterday’s choppy performance but with price action contained amid light oil-specific newsflow and against the backdrop of ongoing geopolitical risks.
- Spot gold took a breather after rebounding yesterday as the dollar softened on a Trump trade fade.
- Copper futures pared some of the prior day’s notable gains amid the mixed risk appetite and as participants await the potential fiscal stimulus announcement at the conclusion of the NPC Standing Committee session.
CRYPTO
- Bitcoin was rangebound and oscillated around the USD 76,000 level after recently surging to record highs.
NOTABLE ASIA-PAC HEADLINES
- Hong Kong Monetary Authority cut its base rate by 25bps to 5.00%, as expected, in lockstep with the Fed.
- China’s Ambassador to the US Xie Feng said there are no winners in tariff wars, trade wars, science and technology wars, and industrial wars, while he added that the Taiwan issue is the first red line that cannot be crossed in Sino-US relations and words must match deeds. Furthermore, he said no challenge can stop China’s progress and that any containment and suppression will only “hit a wall.”
- Japanese Finance Minister Kato said they will closely monitor the impact of Trump policies on the Japanese economy, while he wouldn’t comment on the FX level but reiterated it is important for currencies to move in a stable manner reflecting fundamentals and that they will take appropriate steps on excessive moves.
DATA RECAP
- Japanese All Household Spending MM (Sep) -1.3% vs. Exp. -0.7% (Prev. 2.0%)
- Japanese All Household Spending YY (Sep) -1.1% vs. Exp. -2.1% (Prev. -1.9%)
GEOPOLITICS
MIDDLE EAST
- Iranian Supreme Leader said Iran should put an end to Israel and make a sound decision on responding to its attack, according to Sky News Arabia.
- Israeli PM Netanyahu is aware of serious violence against Israeli citizens in Amsterdam and directed that two planes be sent immediately to assist citizens in Amsterdam after reports of Israeli football fans being attacked by assailants chanting ‘Free Palestine’. Furthermore, Israel’s Foreign Minister asked his Dutch counterpart to help get Israelis out safely following the security incident in Amsterdam.
- Israeli PM Netanyahu reportedly sent a message to the White House after he fired Gallant and noted he did not intend to fire the IDF chief, according to Walla News. However, senior officials in the Biden administration admitted it is not certain that they believe the promise but as a result, the administration is expected to extend the deadline for Israel to improve the situation in Gaza.
- Israeli occupation forces stormed the city of Dhahriya, south of Hebron in the West Bank, according to Al Jazeera.
OTHER
- Ukrainian President Zelenskiy said if no action is taken in response from allies, more troops from North Korea will be deployed, while he’s not aware of any details of plans to end the war fast and did not discuss it with Trump.
- Russian President Putin in his speech congratulated Trump on winning the US elections and said the desire to restore relations with Russia and facilitate the end of the Ukrainian crisis deserves attention. Putin said he doesn’t think it is wrong to hold a call with Trump, while he is not against it if some world leaders seek to restore contact and said they are ready to speak to Trump. It was separately reported that Putin said they are ready to restore relations with the US but the ball is on the US’ side.
3B NORTH KOREA/SOUTH KOREA
NORTH KOREA/RUSSIA/UKRAINE
END
3C JAPAN
3D. CHINA
Special thanks to Robert H for sending this to us:
The china problem
China has a twofold problem on one hand outflow also referred to his capital flight is very significant and says a lot about the confidence in the economy locally. The other problem, China has is a collapsing real estate market, where the majority of people in China have 90% of the wealth in real estate itself.
There is little doubt that a window of opportunity exists for the rest of the world to remake itself in light of China’s problems. The foolishness of wasting precious money on wars for hegemony is a fools errand. Well, China may go through a period over the next several years of true recession. This will be a temporary setback. The means by which China looks to offset both internal issues is seen in the desperate attempt to export things like EV‘s to make up for collapsing liquidity. If the EV‘s which today number in the many hundreds of thousands fail to sell, China will have an even bigger problem and having wasted wealth on production of goods no one wants. It’s logical that soon both Europe and North America will institute and continue to escalate tariffs , as a means to both cause harm and at the same time buying time to restructure. Each tariff on a Chinese product that causes a purchase to go to another country is a blow to Chinese wealth. Because where goods are made is the true barometer of wealth in country. So each time you buy a item made in any other country than China you are giving wealth to the country and thereby the people of that country. Unfettered exports will not be what they have been. This too is opportunity for companies to Dogan where they are and seek alternative production sources from Portugal to India.
It will only be those nations and those companies where capital is available that will have the time to remake themselves to compete going forward. Those companies unable to either attract capital or have sufficient internal resources to invest will be tomorrow’s losers.
The next several years offer a combination or great risk and great reward, if one is able to seize the opportunity. Nations will be remade by the strength and success of companies in country. Many policies will be shaped by this reality from lowered taxes and a shift in spending from government to private areas. Governments caught in “woke” or socialist ideology will be the biggest losers. This also means that a new attitude towards immigration will be sought. Whether it comes from common sense of financial realities.
And if one could be bold enough, one would cancel all sanctions against Russia and cease using the dollar as a weapon of hegemony and express a sincere attempt to join the BRICS. Putting an end to a unipolar hegemony that only exists as fiction and become a part of a multipolar world. This would end globalism and allow decentralization to work to rebuild the West based on innovation.
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Another $254 Billion in Capital Flight Another $254 Billion in Capital Flight Another $254 Billion in Capital Flight Another $254 Billion in Capital Flight
From China From China From China
By Anders Corr
10/30/2024 Updated: 11/3/2024
Capital flight from China continued to the tune of as much as $254
billion in the 12-month period through June, according to a new report.
The international transfers are particularly significant as those
moving more than the allowed $50,000 per year face prison and fines
of more than half the amount if convicted. Yet they still find ways to
do so, according to a report published on Oct. 23 by The Wall Street
Journal. Were such capital transfers legal, as they are in market
democracies, they would be far more common.
The means of the wealth transfers include cryptocurrencies, high-
value art exports, overpayment for imports, dividends paid to
offshore shell companies, and Sino-foreign joint ventures. The
movement of assets to Hong Kong, which has no capital controls, is a
frequent intermediary step.
The capital flight, plus net outflows in direct investment that
amounted to $86 billion in the second quarter of 2024, is putting
downward pressure on the yuan and property values, which have lost
$18 trillion in aggregate value since 2021, according to one estimate.
Loss of capital to the Chinese economy can be traced to a range of
persistent problems, most of which stem from China’s communist
system that prizes authoritarian government intervention and
crackdowns over free markets and democracy. The Chinese
Communist Party’s (CCP’s) draconian lockdowns in response to COVID-
19 were particularly irksome to the public and provoked a peak in
capital flight from 2021 to 2022.
The signs of economic malaise that also provoke capital flight from China presage yet more in the near future. On Oct 22, the IMF downgraded China’s 2024 growth by 20 basis points to 4.8%.
The IMF predicted China’s growth to decrease even further by the end of the decade to
about 3 percent. Even these predictions are likely overestimates, given
their reliance on Beijing’s generally rosy self-reported data.
Between 2021 and early 2024, China’s CSI 300 (mainland) stock index
fell by almost 40 percent, and Hong Kong’s Hang Seng China
Enterprises index fell by approximately 50 percent. Beijing’s stimulus
measures in response only lifted markets momentarily. Its interest
rate cuts, support for homeowners, purchases of equities, local
government bailouts, recapitalization of large banks, decreased bank
reserve ratios, and purchases of millions of unsold apartments shifted
rather than removed losses and failed to bring much confidence back
to equity markets.
Since the measures, the CSI 300 and Hang Seng China Enterprises
indexes improved by about 12 percent and 20 percent, respectively.
But the trend in October for both indexes has been down.
While investors asked for, cheered, and took advantage of the short-
term stimuli by Beijing, most are waiting to buy back in for a big
headline number of new fiscal spending that is still not forthcoming
from the CCP. Even if they are pleasantly surprised by such major
stimuli in the near future, it is ultimately just a new form of the type
of economic intervention that got the communist regime in trouble in
the first place.
Government intervention in economies tends to weigh them down in
the long run. Beijing calls its recent interventions a “combination
punch,” but communists punching the economy is usually not good for
its health. Most of the structural challenges stemming from the CCP’s
conduct are still largely unaddressed, including demographic decline,
unemployment, trade tension with international partners, the
resulting international tariffs that target China, decreasing domestic
demand among Chinese consumers because of their straightened
circumstances, and deflation.
Chinese leader Xi Jinping’s economic policies are at the center of the
problem. His focus on subsidizing green energy and advanced
semiconductors, for example, has more to do with planned aggression
against neighbors than improving the livelihoods of Chinese citizens.
Nuclear, wind, solar, and hydro energy will give China a fallback
option if its access to imported oil and coal is curtailed by a war over
Taiwan. China’s dependence on imported semiconductors would also
be a vulnerability during such a war, but currently, Beijing’s subsidies
of semiconductors are risking an inefficient surplus. And the
subsidies only increase strains with China’s trade partners and may
backfire by provoking them to impose higher tariffs.
The risk of additional tariffs, including from the United States, India,
and Indonesia, as well as Beijing’s threatened war with Taiwan, will
drive additional capital flight. A war with Taiwan could cost the global
economy $10 trillion, much of which would be borne by China and its
trading partners.
Given these circumstances, more such capital flight and negative
direct investment in China by both Chinese and international
companies is expected.
Views expressed in this article are opinions of the author and do not
necessarily reflect the views of The Epoch Times.
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
HOLLAND/
Huge pogrom in Amsterdam last night as Israeli soccer fans leaving the game were ambushed by hundreds of migrants. Sixty eight were arrested with three Israeli citizens missing. Ten were sent to the hospital with wounds
(JerusalemPost)
We were ambushed’: At least ten injured, three missing in Amsterdam pogrom
Prime Minister Benjamin Netanyahu has sent two emergency flights to evacuate Israelis from the city.
By SHIR PERETS, MATHILDA HELLERNOVEMBER 8, 2024 02:30
Updated: NOVEMBER 8, 2024 11:19
Violent attacks against Maccabi Tel Aviv fans continue to take place in Amsterdam following a soccer match between Maccabi and Ajax on Thursday evening.
Local authorities and Israel’s Foreign Ministry have reported that ten Israelis have been injured so far in the pogrom, with consul members currently searching hospitals. Three people have been reported missing.
Among those missing is 33 year old Israeli-Bulgarian Guy Avidor, who traveled from London for the game. The last contact his family had with him was a post on social media before the match, and he has since been missing for 10 hours, according to Walla.
Guy’s family have asked the public with for help in trying to locate him.
Authorities say that the situation has calmed down over the last hour, and Israelis have been instructed to shelter in place. A Dutch police spokeswoman said 57 have been arrested so far.
Footage circulating on social media has shown fans being beaten, chased with knives, and narrowly avoiding being hit by vehicles. Dutch riot police were sent in to respond to the attackers.
According to Maariv, there has been at least one attempt at kidnapping an Israeli, and many have barricaded themselves in stores and buildings.
Israel’s embassy in the Netherlands is working to relocate Israelis to a safe location.
Jews are openly being beaten in Amsterdam tonight pic.twitter.com/O8mqzX5cF8— Open Source Intel (@Osint613) November 8, 2024
Prime Minister Benjamin Netanyahu has been informed of the incident and has sent two rescue planes to assist Israeli citizens. The IDF is coordinating the rescue mission, and are sending cargo aircraft and two planes from the Hercules squadron with medical and rescue teams.
Israel’s two chief rabbis have given permission for El Al company to fly on Shabbat in order to provide life-saving assistance.
The Prime Minister’s Office said Netanyahu views the “horrifying incident with utmost gravity” and called on the Dutch government and security forces take “vigorous and swift action against the rioters.”
He spoke with Dutch prime Minister Dick Schoof on Friday morning, asking him for increased security for the Jewish community in the Netherlands.
PM Schoof posted on X that he had been following the news from Amsterdam “with horror.”
“Completely unacceptable antisemitic attacks on Israelis.”
He added that in his call with Netanyahu, the Israeli PM had emphasized that the perpetrators will be tracked down and prosecuted.
The National Security Council has issued a new warning to Israelis and Jews in the Netherlands.
“Avoid movements in the street and lock yourself in hotel rooms. The externalization of Israeli and Jewish symbols must be avoided.”
Israir, Arkia and El Al have added three rescue flights, on the order of the Transport Ministry.
Details of the incident
Multiple videos showed Israelis jumping into canals to avoid the protesters. One video shows a man been kicked to the ground, while he yells at them “I’m not Jewish.”
“I called my friend, and a voice in Arabic answered,” one man said.
“We experience the very thing they told us in school would never happen again,” another told Maariv.
These attacks come just hours after the country commemorated the 86th anniversary of Kristallnacht.
A member of Chabad Amsterdam who was at the game told The Jerusalem Post, “I’m in shock now and hope that it will end soon. Didn’t expect it at all.”
“We’ll try to help everyone, God willing,” he added.
Israeli fans indicated to journalist Raz Amir that they believed the attack was planned in advance.
According to Amir, the police left the Maccabi Tel Aviv fans alone and did not provide any escort from when they boarded the trains and made their way to the hotels.
“The Dutch police sold us so that the Arabs would lynch us,” one fan told him after escaping the attack and arriving at the Amsterdam airport injured and bloody.
“This seems like a PLANNED and ORGANIZED POGROM in Amsterdam,” former Prime Minister Naftali Bennett posted.
“A fan told journalist Aviva Klompas that they ran over him, pulling a knife on him.
“We were ambushed…The police here abandoned us. Every fourth person walking the street is a Muslim who has come to attack Jews.”
Naftali Bennett
Former Prime Minister Naftali Bennett posted on X/Twitter to alert people to the situation.
“At these moments, Arabs are rampaging around and brutally beating Israeli tourists in a way that seems life-threatening,” he wrote.
“I am calling on everyone who can, to act by any means to save their lives. Wake up.”
Bennett made posts in both Hebrew and English, urging authorities to get involved.
Shocking pogroms against Jews in Amsterdam – fans of Maccabi Tel Aviv report that the attacks were premeditated by groups of Arabs. They gathered in clusters of 5 to 10 in alleys and key exits from various train stations, particularly around Dam Square and the streets near… pic.twitter.com/cdCiVJxxjy— StopAntisemitism (@StopAntisemites) November 8, 2024
“What I see seems to be life-threatening: innocent people being run-over, beaten, driven into a river and more,” his post in English said.
“I call on the Dutch authorities to act immediately to prevent injuries and worse. Anybody that can act, please do so now.” he tagged Minister-president of the Netherlands Dick Schoof, who has yet to address the situation.
Foreign Ministry and Gideon Sa’ar
Newly appointed Foreign Minister Gideon Sa’ar confirmed in an official statement that he was handling the incident, which he said had not yet ended, and the authorities in Amsterdam have not yet gained control.
He added that he was directly liaising with the Israeli ambassador to the Netherlands, alongside Prime Minister Netanyahu.
He also posted a hotline for Israelis and Jews in danger.
The Embassy of Israel to the USA posted additional hotlines .
“[We are] urging Israelis who are in need of assistance to call one of these numbers: +97225303155, +31634138229”
Israel Foreign Ministry said the “horrific scenes from Amsterdam” echoed “Europe’s darkest history.”
“Hundreds of fans of Israel’s Maccabi TLV were ambushed and brutally attacked in Amsterdam last night after the match against Ajax. On the eve of Kristallnacht—when Jews in Nazi Germany faced brutal attacks—it is horrifying to witness antisemitic violence on the streets of Europe once again.”
Preparations for the event
On Monday, Spain’s AS newspaper reported that a pro-Palestinian group was planning to protest outside the stadium, targeting the Israeli team and its fans, and on Tuesday, it was reported that in addition to Maccabi’s regular security, Mossad agents would join the team to provide additional protection.
Earlier on Thursday, the NL Times reported that several individuals had been arrested for riots. However, Amsterdam police did not confirm whether they were fans of the football club or pro-Palestinian supporters.
Additionally, the Diaspora Ministry said it had warned Dutch police about the high risk situation, and alerted them to three incidents ahead of the game.
“Unfortunately, the local forces failed in their mission of protecting Israeli football fans,” wrote Diaspora Minister Amichai Chikli.
The Netherlands is the location of both the International Criminal Court and the International Court of Justice, which have sought to place arrest warrants on Israeli officials.
END
Amsterdam police say five hospitalized,)now 10) 62 arrested after anti-Israel riots
By AP and ToI StaffToday, 11:28 am
Amsterdam police say that five people were hospitalized and 62 arrested after anti-Israel rioters carried out an apparently organized, widespread attack against fans of Maccabi Tel Aviv in Amsterdam.
The attacks have been widely condemned by Israeli and Dutch politicians as antisemitic.
The police say in a post on X that they have started a major investigation into multiple violent incidents. The post does not provide further details about those injured or detained in Thursday night’s violence.
Earlier, a statement issued by the Dutch capital’s municipality, police and prosecution office said that the night following the Europa League match between Ajax and Maccabi Tel Aviv “was very turbulent with several incidents of violence aimed at Maccabi supporters.”
END
HOLLAND
Dutch Jewish group says tough measures needed after attack on Israeli soccer fans
By ReutersToday, 11:22 am
The Dutch Organization for Central Jewish Consultation issues an urgent call for immediate, tough measures following attacks on Israeli soccer fans after an Ajax-Maccabi Tel Aviv football match in Amsterdam.
“The terrible scenes we witnessed last night show that there is no time to wait before taking tough measures”, the CJO says in a statement.
END
Geert Wilders “Amsterdam has become the Gaza of Europe”
(zerohedge)
“We Have Become The Gaza Of Europe!” Wilders Slams Horrific Night Of Violence Against Jews In Amsterdam
Friday, Nov 08, 2024 – 08:34 AM
Authored by Thomas Brooke via Remix News,
The leader of the Netherlands’ largest political party has described the country as “the Gaza of Europe” after a wave of violence broke out in Amsterdam in the early hours of Friday morning, targeting Jews.
Harrowing video footage from the scene shows Jewish individuals being beaten, thrown into canals, and even run over by mobs of Muslim men. In one instance, an attacker can be heard shouting, “That’s for Palestine, motherfucker,” while repeatedly kicking a motionless man. Some Jewish visitors sought refuge in nearby buildings as crowds attempted to force their way inside, according to reports from The Jerusalem Post.
Those targeted were in the first instance appeared to have been Israeli football fans in town for the Europa League match between Maccabi Tel Aviv and Ajax, however, other footage from the night shows Muslim mobs walking around the Dutch capital interrogating passers-by, demanding they tell them were they are from.
The attacks, which have drawn widespread condemnation, were described by Dutch politician Geert Wilders as an “Amsterdam Pogrom,” prompting calls for urgent government action.
Wilders, leader of the Dutch Party for Freedom (PVV), responded forcefully on social media. “We have become the Gaza of Europe,” he declared, condemning the failure of Amsterdam’s authorities to prevent what he described as a “Jew hunt” and calling for the immediate resignation of Amsterdam’s mayor.
Wilders criticized the lack of police protection and demanded accountability from city officials, warning that he would not tolerate such violence under any circumstances.
“Condemning the hunt for Jews in Amsterdam is not enough. The perpetrators must leave the country,” Wilders wrote on X.
“I have been warning for over 20 years about the growing hatred of Jews in the Netherlands due to the continued mass immigration and Islamization of our country. I want an emergency debate with Minister-President Dick Schoof,” he added.
Israeli officials were also alarmed by the violence and the response from Dutch authorities. Former Israeli Prime Minister Naftali Bennett urged anyone who could act “to save lives by any means,” while Foreign Minister Gideon Sa’ar confirmed that Israel’s embassy was coordinating with Dutch officials and had set up emergency hotlines for those at risk. Two emergency planes from Tel Aviv were prepared to aid in evacuating those in danger, but the mission was ultimately canceled.
In a statement, the Israeli Ministry of Diaspora Affairs expressed deep concern over the lack of action from Dutch authorities. According to the ministry’s deputy director general, Israeli officials had warned Dutch security agencies of a planned attack against Jewish fans, sharing concrete intelligence at 7 p.m. the night before the violence erupted. Despite the information, the Israeli ministry claimed that the Dutch authorities failed to mobilize adequate protection.
Wilders took his criticisms further, targeting Justice Minister David van Weel and questioning the lack of police presence and foresight by Dutch officials.
“Why were there not enough police? Why was this not foreseen? Why don’t you send this scum out of the country? Where is the urgency?” he asked.
The Dutch nationalist has long advocated for stricter immigration policies and has linked the violence to what he describes as “Islamization” in the Netherlands. He called for an emergency debate among lawmakers to address the escalating antisemitic violence and to propose measures including the deportation of those responsible for the attacks.
The night of violence shocked the Jewish community in Amsterdam and prompted urgent calls for stronger security measures to protect Jewish residents and visitors.
end
First evacuated Israelis land in Israel from Amsterdam, Jewish, Israeli orgs. aid victims
El Al permitted to fly on Shabbat • New Israeli FM flies to Netherlands • IDF soldiers prohibited from flying to Netherland
First plane evacuating Israelis from Amsterdam lands in Israel, police collecting testimony
Police investigators and forensic specialists arrived at Ben-Gurion Airport to meet Israelis for forensic documentation and collect initial details.
By MAYA GUR ARIEHNOVEMBER 8, 2024 15:28Updated: NOVEMBER 8, 2024 18:31
The first plane from Amsterdam with evacuated Israelis on board landed in Israel, KAN reported on Friday.
The Israel Airports Authority announced that it is prepared to receive passengers arriving from Amsterdam on evacuated flights, Ynet reported.
It also reportedly stated that there is an increase in staff members and a designated area at Ben-Gurion Airport that will provide accommodations, meals, wine, and challah for Shabbat-observant passengers, Ynet reported, citing the Israel Airports Authority.
Additionally, as part of the cooperation between the Israel Police and the Dutch Police to advance the investigation, police investigators and forensic specialists arrived at Ben-Gurion Airport to meet Israelis for forensic documentation and collect initial details, the Israel Police announced on Friday afternoon.
A police representative in the Netherlands is in direct contact with local police to assist in transporting Israelis to the airport in the Netherlands, the Israel Police stated.
Cooperation between Israeli, Dutch authorities in investigating attacks
Foreign Minister Gideon Sa’ar and Dutch Justice and Security Minister David van Weel met on Friday to discuss cooperation in investigating the attacks against Israelis in Amsterdam, the foreign ministry announced as Sa’ar commenced his official visit.
Israel will assist the Netherlands in collecting testimonies and preserving evidence from Israeli citizens to bring perpetrators to justice, the ministry wrote.
Van Weel apologized for the Thursday night attacks. While meeting, Sa’ar asked that the Dutch authorities take all necessary legal actions against those involved in the attacks and offered the assistance of Israeli police in gathering testimonies, the foreign ministry stated. Van Weel accepted the offer.
Sa’ar told Van Weel that the perpetrators must be identified, apprehended, and severely punished. He added that Israel would monitor Dutch authorities’ enforcement actions against those who attacked the Israelis.
After the meeting, in a joint press conference, Minister Sa’ar stated, “A new wave of antisemitism is spreading in Europe, rooted in denying the Jewish state’s right to exist and its right to self-defense. This antisemitism was at the core of the brutal attack on Israelis last night in Amsterdam.”
UK
The Biggest Transatlantic Loser from Trump’s Election: Britain’s Labour Government
Friday, Nov 08, 2024 – 03:30 AM
Authored by Rupert Darwall via RealClearWorld,
“Congratulations President-elect Donald Trump on your historic election,” British prime minister Sir Keir Starmer posted on X at 3:21am ET on Wednesday. The best that can be said about this tepid concession is that Starmer got his concession in before Kamala Harris. Make no mistake. This is not the result Labour wanted. Starmer’s Labour party was heavily invested in a Harris win and did everything it could to bring it about.
On July 4, Starmer won a landslide majority in the House of Commons with the lowest share of the popular vote (33.7 percent) for a winning party since 1919. Yet within a month, Sofia Patel, the Labour Party’s head of operations, was emailing Labour staffers to “help our friends across the pond elect their first female president”—Patel adding somewhat condescendingly, “Let’s show those Yanks how to win elections.”
More importantly than Labour foot soldiers pointlessly stomping around North Carolina for Harris, Starmer dispatched several of his top aides—including Morgan McSweeney, Labour’s campaign strategist and now Starmer’s chief of staff, and Matthew Doyle, Downing Street director of communications—to brief the Harris team at the Democratic National Convention in Chicago. Little good did it do.
In September, they were followed by Deborah Mattinson, who had run focus groups for Tony Blair and served as Starmer’s director of strategy until Election Day. She would tell the Harris campaign “to put the ‘hope and change stuff’ to one side,” one of her colleagues told Politico. Both Starmer and Harris are former prosecutors. Like Starmer, Harris would be “relentlessly pushing this message that she’s a prosecutor who has put criminals behind bars,” explained Jonathan Ashworth, director of the Labour Together think tank. That didn’t do much good, either.
Labour’s hatred of the new president-elect is personal and visceral. In June 2019, during the Conservative leadership election, Starmer posted: “An endorsement from Donald Trump tells you everything you need to know about what is wrong with Boris Johnson’s politics and why he isn’t fit to be Prime Minister.” In 2017, Wes Streeting, now Starmer’s health secretary, tweeted: “Trump is such an odious, sad, little man. Imagine being proud to have that as your President,” an insult aimed not only at Trump but also at Americans.
The most sustained anti-Trump vitriol came from the Harvard Law School-educated foreign secretary, David Lammy. In 2017, Theresa May, the then prime minister, planned a state visit for President Trump. “Yes, if Trump comes to the UK I will be protesting on the streets,” Lammy tweeted. “He is a racist KKK and Nazi sympathiser.” In an unhinged rant denouncing the visit, Lammy condemned Trump for his “shameful behavior on the international stage. We stand with the American people, but we absolutely say, ‘our democratic values are opposed to the misogyny, opposed to the racism, opposed to Steve Bannon and the horrible white supremacy he seems to stand for.’”
In an August interview with The Spectator (its new editor, Michael Gove, endorsed Harris as “the lesser of two evils”), Woody Johnson, Trump’s ambassador to the Court of St James in his first term, described Lammy’s description of Trump as a “neo-Nazi-sympathizing sociopath” as “not a wise comment,” but then allowed, “those things happen in politics . . . there’s always a way to recover if you want.”
To his credit, Lammy has been doing his best to mend fences. In July, he told the BBC, “Donald Trump has the thickest of skins,” and observed that JD Vance, whom he’d met several times, had used some pretty choice language about Trump in the past. Of the new Vice President-elect, Lammy said they shared similar working-class backgrounds and addiction issues in their families. “We’ve written books on that, we’ve talked about that, and we’re both Christians. So I think I can find common ground with JD Vance.”
Harder to paper over than the history of personal insults is the yawning policy gap between the Labour government and the incoming Trump administration. To Labour, there is no issue more important than climate change. Ed Miliband, Labour’s climate change secretary, whom Charles Moore rightly describes as Labour’s spiritual leader, is a net-zero zealot. On the day Americans were voting for Trump and the return of American energy dominance, Miliband was giving the Cabinet a bleak picture of climate change. “Climate change is a threat to national security and growth, given [it] could force more than 200m people globally to migrate, the global economy could be 19% smaller in 2049 than it would be otherwise & it could put an additional 600,000 people in UK at risk of flooding,” Pippa Crerar, The Guardian’s political editor, reported him saying.
This puts Labour on a collision course with Trump and his pledge to pull out of the Paris climate agreement. With the Senate in Republican hands, Trump might well go a step further than what he did in his first term, and send the agreement—a treaty in all but name—to the Senate for its advice and consent, as required by the Constitution. Doing so would make it impossible for a future president to rejoin. It would lead to howls of outrage from the climate industrial complex and render their unachievable and unaffordable net zero programs pointless.
And it’s not only climate change. A week before the election, Labour unveiled a massive tax, spend, and borrow budget. In its first budget in 14 years, Labour raised taxes by £40bn ($51.6bn), borrowing by £28bn ($36.1bn), and public spending by £70bn ($90.3bn). The budget constitutes a doomed-to-fail bet that transferring around 2.5 percent of GDP from the wealth-generating private sector to the zero-productivity-growth public sector will, by some undefined form of alchemy, improve Britain’s poor economic performance.
It is here that President Trump’s second term could well have the biggest positive impact on Britain—by holding up Labour’s disastrous economic policies for comparison with Trump’s supply-side economics.
Rupert Darwall is a senior fellow of the RealClearFoundation and author of The Folly of Climate Leadership: Net Zero and Britain’s Disastrous Energy Policies.
end
5 RUSSIAN AND MIDDLE EASTERN AFFAIRS
END
END
ISRAEL//HEZBOLLAH
what on earth are these UN peacekeepers doing in Lebanon. Get the Hell out of there
(JerusalemPost)
Lebanon says 3 killed and several UN peacekeepers, Lebanese soldiers injured in strike
Hezbollah fires more than 120 rockets into Israel, wounding man, 85; UNESCO to hold a special meeting on efforts to protect Lebanese historical sites amid fighting
By Emanuel Fabian, Follow
Lazar Berman, Follow
Agencies and ToI Staff7 November 2024, 8:27 pm
Members of the UNIFIL peacekeeping force stand at the site of an Israeli strike at the northern entrance of the southern city of Sidon, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Mahmoud Zayyat/AFP)
An Israeli airstrike on Thursday killed three people and injured a number of UN peacekeepers and Lebanese army soldiers in the vicinity, Lebanese authorities said as Israel pounded Hezbollah targets and the terror group launched dozens of rockets into Israel.
The Lebanese army said three of its troops and four Malaysian UN peacekeepers were hurt in an Israeli strike near an army checkpoint in the southern city of Sidon.
“The Israeli enemy targeted a car while it was passing through the Awali checkpoint in Sidon, which led to the killing of three citizens who were inside it, in addition to the injury of three soldiers manning the checkpoint and four members of the Malaysian” contingent in the UNIFIL peacekeeping force, the Lebanese army said in a statement.
Lebanese authorities do not distinguish between civilians and combatants in their reports of casualties in the fighting and did not identify the three occupants of the car.
There was no comment on the incident from the IDF.
After previous injuries among members of the UN peacekeeping force amid fighting between Israel and Hezbollah, Israel asked the force to leave southern Lebanon but it refused.
Earlier, a Lebanese security source told AFP a woman was killed in a strike that targeted a car on a key road linking the capital Beirut with the Bekaa Valley and Syria’s Damascus.
Lebanese soldiers stand guard as a crane removes the wreckage of a vehicle at the site of an Israeli drone attack in Aaraiya, east of Beirut, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Fadel Itani/AFP)
Israel has frequently targeted vehicles of terror operatives in its air campaign.
Thursday’s strike was the fourth time the road has been targeted within two weeks.
Two cars were targets on the same route last week, including a van loaded with Hezbollah ammunition, a Lebanese security source said.
In a statement, the municipalities of Araya and Kahale, two Christian villages in the area, “denounced the use of international roads for the movement of armed men and weapons, which endangers innocent people.”
They asked the Lebanese army to take the necessary measures to prevent them from doing so.
The reported strikes were among several carried out by the IDF on Thursday.
Israeli fighter jets struck a Hezbollah aerial forces command center in the Lebanese coastal city of Tyre, with the military saying it was used to carry out explosive-laden drone attacks on Israel, as well as manage surveillance drones.
Separately, the IDF said fighter jets struck Hezbollah weapon depots and rocket launchers in southern Lebanon, including a launcher used to fire rockets at the Carmel region earlier in the day.
85-year-old man injured in rocket attack
The strikes came as Hezbollah fired some 120 rockets into Israel on Thursday.
An 85-year-old man was lightly injured by shrapnel from a rocket that hit Kibbutz Kfar Masaryk, the Magen David Adom emergency service reported. He was also treated for extreme anxiety, and was taken by ambulance to Galilee Medical Center in Nahariya, medics added.
The incident came the day after a rocket killed Sivan Sade, 18, in the same community.
An afternoon barrage of some 40 missiles triggered sirens in the Upper and Western Galilee and Haifa Bay area. The military said some were shot down, while others struck inside Israel.
In another barrage, some 50 more rockets were fired from Lebanon at northern Israel, with about 20 targeting the Western Galilee and about 30 targeting the Haifa area.
Separately, the IDF said a drone launched from Lebanon was shot down by air defenses over the Galilee Panhandle.
Video shared online showed a parked car in the Haifa suburb of Kiryat Yam on fire, after apparently being hit by a rocket.
Amid the fighting, the UN’s cultural body UNESCO on Thursday said it would hold a meeting later this month to consider enhanced protection of cultural sites in Lebanon.
An extraordinary session of a UNESCO committee will be held at the body’s Paris base on November 18 to consider the inscription of Lebanese cultural properties on UNESCO’s international list of sites under “enhanced protection” as well as more funding, it said.
The announcement came after more than 100 Lebanese lawmakers appealed to the UN earlier in the day.
The appeal to UNESCO chief Audrey Azoulay followed Israeli strikes near ancient ruins in the southern city of Tyre and the eastern city of Baalbek in recent weeks.
“As parliamentarians, we bring to your attention an urgent need: the protection of Lebanon’s historic sites in Baalbek, Tyre, Sidon and other invaluable landmarks currently at risk due to the escalation of the atrocities,” the lawmakers said.
Lebanon is home to six UNESCO World Heritage sites, including Roman ruins in Baalbek and Tyre, where Hezbollah holds sway.
In Baalbek, Israeli strikes on Wednesday destroyed a heritage house and damaged a historic hotel near the city’s Roman temples, according to local authorities. The strike hit just a few meters from the ruins, the closest since the start of the war, officials said.
“We are waiting for engineers from UNESCO and the Directorate General of Antiquities” to determine if there was any damage, Baalbek mayor Mustafa al-Shall told AFP.
In Tyre, Israeli strikes have hit close to the city’s Roman ruins.
This picture shows the destruction at the site of an Israeli airstrike that targeted Baalbek in Lebanon’s eastern Bekaa Valley, with the ancient city’s Roman temple — not visibly damaged by the attack — in the background, on November 7, 2024 amid the ongoing war between Israel and the Hezbollah terror group. (Sam Skaineh/AFP)
The Trump effect
A Hezbollah lawmaker on Thursday said the terror group welcomes any effort to stop the war in Lebanon, but does not pin its hopes for a ceasefire on a particular US administration, when asked about Donald Trump’s election victory this week.
US diplomatic efforts to halt fighting between Israel and Hezbollah, which included a 60-day ceasefire proposal, faltered last week ahead of the US election on Tuesday, in which former president Trump recaptured the White House.
“It might be a change in the party who is in power, but when it comes to Israel, they have more or less the same policy,” Hezbollah lawmaker Ibrahim al-Moussawi told Reuters. “We want to see actions, we want to see decisions taken.”
Moussawi acknowledged the heavy toll of Israeli attacks mostly in Lebanon’s Shiite Muslim-dominated south and east and Beirut’s southern suburbs, but claimed the group’s military capabilities remained strong.
“Our hearts are broken – we are losing very dear lives. This feeling that [Israel] cannot be punished or brought to international justice is a result of US support which renders them immune to accountability,” he said. “America is a full partner in what’s happening because they can exercise influence to stop this destruction.”
Smoke rises from buildings hit in Israeli airstrikes in Tyre, southern Lebanon, Thursday, Nov. 7, 2024. (AP Photo/Mohammed Zaatari)
Mouwassi’s comments contrasted with remarks by French Foreign Minister Jean-Noel Barrot in Jerusalem, that with Trump’s election, conditions could be ripe for an end to the wars in Lebanon and Gaza.
“On the one hand, the very significant tactical successes obtained by Israel, and in particular the elimination of [Hamas leader] Yahya Sinwar, the architect of this ignoble massacre, favor the end of military operations,” said Barrot, speaking in French to cameras outside the Foreign Ministry, in between meetings with outgoing Foreign Minister Israel Katz and Strategic Affairs Minister Ron Dermer.
“On the other hand, a new American president has been elected. He has never made a secret of his desire to end the interminable wars in the Middle East. The conditions therefore seem to me to be ripe for moving, in the coming weeks, toward a diplomatic solution to the ongoing conflicts.”
Barrot said he was discussing with Katz and Dermer a diplomatic agreement that will lead to “a strong, sovereign Lebanese state, with a monopoly on legitimate force, which will be able to live in security alongside Israel.”
France’s Foreign Minister Jean-Noel Barrot (R) arrives for a meeting with his Israeli counterpart in Jerusalem on November 7, 2024. (Menahem Kahana/AFP)
Israel stepped up its offensive against Hezbollah in Lebanon in late September, aiming to make it safe for some 60,000 displaced residents of northern Israel to go home.
Out of fear Hezbollah would invade northern Israel, the residents were evacuated after thousands of Hamas-led terrorists stormed the south on October 7, 2023, to kill some 1,200 people and take 251 hostages, sparking the war in Gaza.
A day later, Hezbollah-led forces began attacking Israeli communities and military posts along the border. The Iran-backed terror group has said its near-daily attacks were in support of Gaza amid the war there.
The attacks on northern Israel since October 2023 have resulted in the deaths of 41 civilians. In addition, 62 IDF soldiers and reservists have died in cross-border skirmishes and in the ensuing ground operation launched in southern Lebanon in late September.
Two soldiers have been killed in a drone attack from Iraq, and there have also been several attacks from Syria, without any injuries.
The IDF estimates that some 3,000 Hezbollah operatives have been killed in the conflict. Around 100 members of other terror groups, along with hundreds of civilians, have also been reported killed in Lebanon.
Hezbollah has named 516 members who have been killed by Israel amid the fighting, mostly in Lebanon but some also in Syria. These numbers have not been consistently updated since Israel began a new offensive against Hezbollah in September.
ISRAEL/HEZBOLLAH/
ISRAEL/HAMAS/IRAN
end
ISRAEL/HEZBOLLAH/
ISRAEL HAMAS/HEZBOLLAH THURSDAY MORNING
END
ISRAEL/HAMAS/GAZA
What does it feel like to drive through Jabalya, northern Gaza, with the IDF?
Reporter’s Notebook: Spending a day with the IDF in northern Gaza, into the heart of Jabalya.
By SETH J. FRANTZMANNOVEMBER 6, 2024 20:53Updated: NOVEMBER 7, 2024 14:06
On Tuesday, I spent a day with the IDF troops in northern Gaza, from the border into the heart of Jabalya, where soldiers have been fighting at Hamas regrouping efforts for the last month. Jabalya is a large, sprawling neighborhood located north and northeast of Gaza City; it has a refugee camp that dates back to 1948, which has become the heart of a dense urban neighborhood.
The journey into Jabalya was in an IDF Humvee, which had a driver and soldier in the passenger seat. Another man, positioned above them, was clad with a machine gun mounted on the vehicle. The vehicle had been stripped down so that around eight people could squeeze on opposing benches, which had seat belts.
The top of the Humvee was draped with a kind of camouflage netting, which the dust of Gaza has turned into a sort of blend of gray and khaki.
The ride was relatively comfortable. Driving in daylight isn’t common in Gaza; we departed from an area near Zikim, at the Erez West crossing, which was opened during the war to make it possible for humanitarian aid direct access.
Commercial-style trucks ply this route, all part of the coordination between Israel and the international community in the aid efforts, particularly to northern Gaza. Where the trucks end up isn’t clear, but the road has been improved and is paved such that it connects with the existing road network of Gaza north of the Shati beach area, which was once filled with small hotels and some villas and small private homes with little courtyards.
There was parking near the beach. In the old days, this road would have headed south along the coast to reach Rashid Road, which carries south towards Mawasi. Of course, this has now been changed by the war, and the IDF now controls an area south of Gaza City called the Netzarim corridor that intersects with Rashid Road. The Humvees drove quickly over this part before heading inland.
Now, the area along the beach is deserted. A few homes still stand, but much of the area has been impacted by the fighting, with many destroyed or damaged buildings. As we headed inland, we likely crossed near Atatra, but it was hard to tell because there were no road signs or signs of any sort in northern Gaza in the areas impacted by war.
This is not unique to Gaza; many war zones in cities mean that the areas are in waste. I’ve seen this in other wars when I covered the war on ISIS; I saw the destruction in Sinjar in northern Iraq, in Mosul, and many villages.
As we drove up into an area between Beit Lahiya and Jabalya, the road continued through an increasingly dense urban landscape. There were no civilians here, and the whole area appears deserted. Hamas is gone, ostensibly, and the IDF is not operating heavily in most places, making the area a kind of deserted urban landscape.
It has low-lying hills, and it is hard to make out where once roads would have been because so much of the landscape has been changed by fighting and by armored vehicles that have passed through. Any semblance of paved roads seems to have ceased to exist, and much of what remains of the roads are dirt tracks that kick up dust. Not all the buildings were destroyed by the fighting, but the impact is very visible.
Since the war began last year, the IDF has come back to some of these areas several times, now for the third or fourth time. Areas between Shati and the border first saw action on October 27, 2023, when the 401st Armored Brigade rolled south from areas near Zikim and Yad Mordechai. Beit Hanun and Beit Lahiya have not only been fought over on land, but airstrikes have done extensive damage.
Hamas’s presence in the area
Hamas is no longer present in northern Gaza, leading to talks now of how Israel might permanently secure this area once the Jabalya offensive is completed – much remains to be seen about what comes next.
A continuous year of fighting here must mean that this whole area is preserved in a stasis that lacks clarity about what comes next. The residents evacuated to the south, many of them a year ago, and some more recently from Jabalya camp, totaling approximately 60,000 people who evacuated over the last month.
The sheer lack of people in these areas is not surprising, given what is known about the war, how Hamas has hidden behind civilians, and how the IDF asked people to evacuate. However, it also is not normal to see whole towns and areas devoid of people. There is so much damage to many buildings that one would assume it will take a long time to rebuild this area; rubble will have to be cleared and buildings demolished and rebuilt.
As we drove through neighborhoods between Beit Lahiya and Jabalya, I tried to scour for signs of what had once been civilian life, like storefronts, or for anything that might resemble a school or an advertisement; I even wagered to come across graffiti supporting Hamas.
What struck me was the absence of any signs of what had once been a thriving neighborhood. Shops were empty, some boarded up or burned, with nothing to indicate what was sold there before.
In Mosul, during the war on ISIS, this kind of situation would yield shops that once sold tools or were a small grocery and looked like they had just been abandoned. Empty homes still felt like civilian homes, where their inhabitants left quickly.
Northern Gaza isn’t like that. More than a whole year of the war stripped most of these places of every sign of before; there were no advertisements for Coca-Cola and barely any graffiti, like what is seen in the West Bank. I did get a glimpse of rainbow colors at one point, maybe what was once a kindergarten or a daycare, and also saw one large water storage facility that seemed to say TIKA on it, the name of a Turkish government aid organization, perhaps built by money from Ankara years ago.
On the coast of Gaza, driving back to Israel, I spotted a large white home that looked like it once belonged to a wealthy landowner or was a vacation villa; it seemed to have blue windows.
Was this one of the few buildings to survive in this area? I turned around to snap a shot but the rear of the building seemed gutted by fire. Was it the same building or had I imagined it? By the time I looked again, it was gone behind a dune and our Humvee was jumping over a bumpy road heading back to the border.
END
ISRAEL/NETHERLANDS/PRO PALESTINIAN MOB
Assailants shouting ‘free Palestine’ brutally attack Israeli soccer fans in Amsterdam
Foreign Ministry says 10 Israelis hurt in Amsterdam assaults, 2 unreachable
Assailants shouting ‘free Palestine’ brutally attack Israeli soccer fans in Amsterdam
Screenshot from a video showing masked assailants, one of them carrying a Palestinian flag, assaulting a fan of the Maccabi Tel Aviv soccer team in Amsterdam on November 8, 2024. (X screenshot; used in accordance with Clause 27a of the Copyright Law)
Fans of Maccabi Tel Aviv report being attacked in the streets of Amsterdam after the Israeli soccer team’s loss to local club Ajax, with video from the Dutch city showing brutal assaults by masked assailants, some of whom carry Palestinian flags and shout “free Palestine.”
Reports say a number of Israelis were injured, but there are no immediate figures.
Some of the targeted Israelis’ passports were stolen by the attackers, according to Hebrew media outlets.
WARNING: Graphic footage
https://x.com/i/status/1854707203577450933
Citing information from Dutch authorities, the Foreign Ministry says 10 Israelis were hurt in the attacks in Amsterdam on Maccabi Tel Aviv supporters.
A statement from the ministry says the severity of the injuries are unclear.
The Foreign Ministry also says that Israelis are currently out of touch, and that it’s advising Israeli citizens not to leave their hotels.
The National Security Council issues a similar instruction, while calling on those who are out in public not display any Israeli or Jewish symbols.
Prime Minister Benjamin Netanyahu’s office says the premier has called for two planes to be dispatched to Amsterdam to bring back Israelis there, after fans of the Maccabi Tel Aviv soccer club were violently assaulted in the Dutch city by an apparent pro-Palestinian, anti-Israel mob.
A statement from the PMO quotes Netanyahu calling on Dutch Prime Minister Dick Schoof and local security forces “to act decisively and swiftly against the rioters, and to ensure the wellbeing of our citizens.”
Israeli Ambassador to the UN Danny Danon denounces the violences as “a pogrom.”
“These are the true faces of the supporters of the radical terrorism we are fighting. The western world needs to wake up now!!” he writes in a post on X.
END
UKRAINE/RUSSIA/USA
Putin Praises ‘Courageous’ Trump & Hints At Ukraine Talks, Phone Call Likely
by Tyler Durden
Thursday, Nov 07, 2024 – 06:00 PM
It appears President Vladimir Putin is jumping at the opportunity of pursuing a serious reset with the United States under the future Trump presidency. In surprisingly positive Thursday remarks, Putin issued congratulatory statements and heaped praise on Trump for winning the election, also saying he acted “like a man” following the assassination attempt in Butler, Pennsylvania last summer.
“His behavior at the time of the attempt on his life made an impression on me,” Putin said at the Valdai Club in the Black Sea city of Sochi. “He turned out to be a courageous man. And it’s not just about the raised hand and the call to fight for his and their common ideals… He behaved, in my opinion, in a very correct way, courageously, like a man.”
Significantly these were the very first public remarks given by Putin after the Tuesday election. The Russian leader emphasized that Trump’s campaign promises to negotiate an end to the Ukraine war “deserve attention”. Putin further highlighted Trump’s desire to improve relations with Moscow as a major plus as part of the remarks.
“It seems to me, it deserves attention what was said about the desire to restore relations with Russia, to help end the Ukrainian crisis,” Putin said. “I have always said that we will work with any head of state who has the trust of the American people.”
Without doubt, these mark the warmest words issued by Putin regarding the spiraling US relationship in years, and certainly the most positive remarks since the invasion of February 2022. Rhetoric between Moscow and Washington have over the course of the war up to now been marked by severe accusations and even veiled nuclear threats.
And importantly, Putin signaled he might speak to Trump, per state media:
Putin congratulated Trump on his win, and said that he is open to a phone call with the president-elect. “It wouldn’t be beneath me to call him myself,” Putin added.
The US-President elect has in turn told NBC the following:
President-elect Donald Trump said that Vladimir Putin wasn’t among the “probably” 70 phone conversations he has held with world leaders since winning the election, but that he still is planning to speak with the Russian president, according to NBC News.
“I think we’ll speak,” Trump told NBC, Thursday, the news organization said.
This type of positive dialogue while the Ukraine war rages was unthinkable under the Biden-Harris administration, and for that reason the Kremlin was very closely watching the US election.
Interestingly, despite their recent subtle tensions, Ukraine’s Zelensky and President-elect Trump have spoken in the wake of the landslide election victory. Trump confirmed to NBC that Zelensky was among the congratulatory phone calls from world leaders he’s received so far since Tuesday.
President Zelensky also issued a congratulatory statement on X, expressing hope he could work with Trump to implement “peace through strength” and that his country was “interested in developing mutually beneficial political and economic cooperation that will benefit both of our nations.”
However, following this, in a Thursday press briefing, Zelensky sought to pour cold water on the potential for a quick peace:
Ukrainian President Volodymyr Zelenskyy poured cold water Thursday on a plan by U.S. President-elect Donald Trump to strike a rapid peace deal between Kyiv and Moscow, arguing it would amount to a “loss” for Ukraine.
“I believe that President Trump really wants a quick decision” to end Russia’s war against Ukraine, Zelenskyy told journalists in Budapest. “He wants that. It doesn’t mean that it will happen this way.”
He complained that a rapid ceasefire would be tantamount to “preparation to ruin and destroy our independence.” Below are more of Zelensky’s words aimed at Trump, revealing serious tensions remain, given in Budapest:
“He [Trump] wants this war to be finished,” Zelenskyy said through an interpreter. “We all want to end this war, but a fair ending … If it is very fast, it’s going to be a loss for Ukraine.”
The Ukrainian leader also responded to an appeal from Hungarian strongman Prime Minister Viktor Orbán, issued minutes earlier from the same stage, for a rapid ceasefire deal between the two warring camps.
“I heard that it’s better to implement a ceasefire and then, ‘we’ll see,’” Zelenskyy said, referring to Orbán’s comments. “[A] ceasefire was tried back in 2014. We tried to reach this ceasefire and we lost Crimea and then we had the full-scale invasion.”
But for several months as Ukrainian forces have suffered a string of defeats in Donetsk, putting the Russian army on the brink of capturing the strategic city of Pokrovsk, there have been signs that behind the scenes Western diplomats have actually been increasing the pressure on Kiev to find an exit strategy – sooner rather than later.
END
UKRAINE/RUSSIA
Here’s What Trump’s Peace Plan Might Look Like & Why Russia Might Agree To It
Friday, Nov 08, 2024 – 02:00 AM
Authored by Andrew Korybko via Substack,
Putin might agree to freeze the conflict along the Line of Contact in spite of prior rhetoric against this scenario in the event that Trump threatens to escalate the conflict as punishment if he doesn’t…
Trump’s pledge to resolve the Ukrainian Conflict in 24 hours is unrealistic, but he’ll inevitably propose a peace plan at some point in time, thus raising questions about what it would look like and whether Russia would agree to it. More than likely, he’ll seek to freeze the conflict along the Line of Contact (LOC), wherever it may be by that time, as he’s not expected to coerce Ukraine into withdrawing from the regions whose administrative borders Russia claims in their entirety.
Nor is Russia expected to obtain control over them by the time that Trump’s proposal is made. It still hasn’t removed Ukrainian forces from Donbass, which is at the heart of its claims, and therefore is unlikely to capture Zaporozhye city, that namesake’s areas on the side of the Dnieper River, nor Kherson Region’s aforesaid adjacent lands either. It might gain some more territory if Pokrovsk is captured, but the US might dangerously “escalate to de-escalate” to stop a run on the river if Ukraine is then routed.
This could take the form of threatening a conventional NATO intervention if the political will exists to spark a Cuban-like brinskmanship crisis, the odds of which would greatly increase if Russia made any move in that scenario to cross the Dnieper and thus risk the collapse of that bloc’s Ukrainian project. Be that as it may, no such run on the river is expected, with the most that Russia might do is lay siege to Zaporozhye city, but even that might not materialize by the time that Trump shares his peace plan.
Russia will therefore almost certainly be asked to freeze the conflict along the LOC, albeit without rescinding its territorial claims just like Ukraine won’t either, under the threat of Trump ramping up military support to Ukraine if the Kremlin refuses to cease hostilities. This prediction is predicated on summer’s report that some of his advisors suggested that he do precisely that as punishment for Russia rubbishing whatever peace plan that he ultimately offers it.
Considering his tough-talking personality and proclivity for “escalating to de-escalate” on his terms if he feels disrespected, which he flirted doing with North Korea during his first term as a negotiating tactic, he’s thus expected to comply with the aforesaid suggestion in that event. Given Putin’s consummate pragmatism as he understands his style to be and his aversion to escalations, he might very well comply, but he could also request that Trump coerce Zelensky into making concessions to facilitate this.
These might include rescinding 2019’s constitutional amendment making NATO membership a strategic objective, promulgating legislation that Russia considers to advance its denazification goals, freezing further weapons shipments to Ukraine, and carving out a buffer zone within part of Ukrainian territory.
In the order that they were mentioned, the first one would be superficial after this year’s raft of security guarantees between Ukraine and several NATO countries already made it a de facto member of the bloc.
To explain, they all entail commitments to resume their existing military support for Ukraine if its conflict with Russia flares up again upon its eventual end, and this selfsame support arguably aligns with NATO’s Article 5. Contrary to popular perceptions, it doesn’t obligate them to send troops, but only to provide whatever support they believe is necessary to aid allies under attack. This is what they’re already doing, yet Russia never escalated in response to this being enshrined in their bilateral military deals.
As for the second speculative concession that Putin might request that Trump coerce Zelensky into making, the returning American leader and his team haven’t ever signaled any interest in helping Russia denazify Ukraine, and coercing it into promulgating legislation might be seen as bad optics abroad. Since Russia can’t force Ukraine to do this, that particular goal of the special operation will likely remain unfulfilled, in which case it probably wouldn’t be discussed much anymore by officials and the media.
Moving along to the third, Trump probably wouldn’t agree to freeze arms shipments to Ukraine, but they might naturally be curtailed as he refocuses America’s military priorities on containing China in Asia instead of continuing to contain Russia in Europe. About that, his reported plan to encourage NATO members to take more responsibility for their defense is already being implemented under Biden as explained here, and they might continue arms shipments even if the US curtails its own.
Even so, the potentially natural curtailment of US arms shipments to Ukraine could be spun as partially fulfilling Russia’s demilitarization goal, as could any buffer zone that Trump might agree to coerce Ukraine into carving out on its own territory to prevent it from shelling Russian cities. That’ll be a hard sell for Putin to make, and Trump might be pressured by the “deep state” (the permanent members of the US’ military, intelligence, and diplomatic bureaucracies) into resisting, but it can’t be ruled out either.
The reason for this cautious optimism is because it would provide a “face-saving” means for Russia to freeze the conflict despite not achieving its maximum objectives instead of risking a Cuban-like brinksmanship crisis by rejecting Trump’s expected proposal to “save face” at home and abroad. Trump wouldn’t make idle threats and certainly wouldn’t let Putin call his bluff even if that was the case so he’s expected to go through with arming Ukraine to the teeth if his peace deal falls flat.
That said, he also campaigned on ending the Ukrainian Conflict, and he’d personally prefer to replenish America’s depleted stockpiles in parallel with arming its Asian allies to the teeth against China instead continuing to arm Ukraine and risking a major crisis with Russia. His Sino-centric New Cold War focus is shared by a minority of the “deep state”, the majority of whom want to continue prioritizing Russia’s containment in Europe over China’s in Asia but who still never recklessly escalated with Russia thus far.
They’ve indeed escalated, but this was always preceded by signaling their intent to do so (such as via the provisioning of various arms) long before this happened, thus giving Russia enough time to calculate a response instead of risking an “overreaction” that could spiral into war with NATO. These anti-Russian hawks might therefore begrudgingly go along with any buffer zone that Trump might agree to if it avoids a potentially uncontrollable escalation like what he might threaten to do if Russia doesn’t take his deal.
Subversive “deep state” elements might even try to provoke such an escalation in order to avert that buffer zone scenario or any other that they consider to be unacceptable concessions to Russia, which remains a risk before and after his inauguration, but it’s clearly not their faction’s preferred scenario. This conclusion is arrived at by recalling on the abovementioned observation about how they always signaled their escalatory intentions far in advance thus far at least in order to avoid a major escalation.
Even if Trump doesn’t comply with any of Putin’s speculative requests to help the latter “save face” by freezing the conflict despite not achieving his country’s maximum goals in the conflict, he could always dangle the carrot of phased sanctions relief of the sort proposed by Richard Haass earlier this week. The former President of the hugely influential Council on Foreign Relations suggested that this could encourage Russia’s compliance with a ceasefire, and it’s possible that Putin might agree to this.
The Russian economy weathered the West’s unprecedented sanctions regime, but Russia’s grand plans to create alternative financial institutions and pivot to the non-West haven’t been as successful. This analysis here about how the latest BRICS Summit achieved nothing of tangible significance at all points out how none of this association’s ambitious initiatives were rolled out. It also hyperlinks to proof that the Chinese-based New Development Bank and the SCO Bank surprisingly comply with US sanctions.
Moreover, “Russia & China’s US-Provoked Payment Problems Caught Most BRICS Enthusiasts By Surprise” in early September after RT published a feature analysis about this politically inconvenient development, which shows that the Chinese centerpiece of Russia’s grand plans isn’t fully on board with them. There’s also the similarly inconvenient fact that Russia’s pivot to the non-West mostly only consists of resource sales to such countries and has yet to become anything more significant.
It accordingly wouldn’t be surprising if Putin appreciated promises of phased sanctions relief in exchange for agreeing to freeze the conflict along the LOC no matter how disappointing of an end this may be to its special operation in the eyes of its most zealous supporters. After all, Foreign Minister Lavrov told a group of ambassadors last month that Russia demands “the lifting of Western anti-Russian sanctions”, so it’s clearly on the collective Kremlin’s mind no matter what its perception managers claim.
Even if Trump makes such promises, however, keeping them would be difficult since many of America’s anti-Russian sanctions are codified into law after being voted on by Congress. They might go along with any request to rescind them, but they also might not, thus throwing a wrench in Russia’s plans. The US also can’t force the EU to rescind its respective sanctions, and anti-Russian countries like Poland and the Baltic States might create obstacles to the resumption of trade with Russia if the EU’s ties with it thaw.
Should they be implemented even if only semi-successfully, then Trump could claim a victory in “un-uniting” Russia and China like he promised to do even if those two’s trade continues to grow (mostly through Chinese resource imports and replacing lost Western products on Russian shelves). He could also sell this phased sanctions relief proposal to anti-Russian “deep state” hawks and the Europeans on that basis to help secure their support and deflect from claims that he’s doing it as a favor to Putin.
Reflecting on the insight that was shared in this analysis, Trump’s peace plan isn’t expected to have any surprises, nor would it be surprising if Russia agrees to it for the reasons that were explained. The US holds the cards and will only agree to any of Putin’s speculatively requested concessions in order to make it easier for him to “save face” for freezing the conflict despite not achieving his maximum goals. Neither wants a major escalation and both are fatigued with this proxy war so such a deal might work.
It’ll therefore be interesting to see how the rhetoric from Russian officials and their global media ecosystem might change as reports leak out about what exactly Trump has in mind. He and the minority “deep state” faction that supports him are motivated by their desire to “Pivot (back) to Asia” in order to more muscularly contain China, hence their interest in wrapping up this proxy war. As for Russia, it’s beginning to realize that a compromise of some sort is inevitable and must thus prepare the public.
Something unexpected might of course happen to completely change this analysis such as if hawks on either side convince their respective presidents to double down on the conflict, but the arguments made therein cogently account for each side’s interests, especially Russia’s. If everything more or less unfolds as written, then observers can expect a “Great Media/Perception Reset” in terms of Russia’s narrative towards the conflict, which would be required to facilitate whatever compromises Putin might make.
6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUE
This is going to be big; RFK is now ready for a big role in health and expose the fraudulent vaccine
(zero hedge)
RFK Jr. Readies for Potential Trump Administration Role to Focus on Health
Some have speculated that Trump would make the former presidential candidate the health secretary or head of a sub-agency.
Save
Republican presidential nominee former President Donald Trump (R) shakes hands with independent presidential candidate Robert F. Kennedy Jr. at a campaign rally at the Desert Diamond Arena in Glendale, Ariz., on Aug. 23, 2024. Evan Vucci/AP Photo
11/7/2024Updated:11/7/2024PrintX 1
0:00
When Robert F. Kennedy Jr. suspended his independent presidential campaign and backed Republican presidential nominee Donald Trump in August, he told The Epoch Times that it was a “heart-wrenching decision” and a necessary step toward achieving his mission of saving Americans from what he calls “the chronic disease epidemic.”
Now, Trump is president-elect, and he has said that he would offer Kennedy a position in his administration where the Children’s Health Defense founder could “focus on health.”
For Kennedy, a potential role as secretary of health and human services, a position heading a health-related agency, or any health-related post at the White House, would represent the realization of a long-held ambition.
Fighting chronic disease, improving children’s health, and addressing corporate capture of government agencies are Kennedy’s passions, and those topics were a vital part of his platform while running for president.
“I prayed to God every day for the past 19 years that America’s health crisis would be solved for the next generation. That is a major reason why I ran for president,” Kennedy told The Epoch Times. “President Trump wants to leave as his legacy healthy children and a healthier country. Those are deep interests we share.”
It is uncertain what role Kennedy will have in Trump’s new administration. The president-elect in August said he would establish a panel of top experts working with Kennedy “to investigate what is causing the decades-long increase in chronic health problems and childhood diseases, including autoimmune disorders, autism, obesity, infertility, and many more.”
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During a rally at Madison Square Garden in New York City on Oct. 27, Trump proclaimed about Kennedy: “I’m going to let him go wild on health. I’m going to let him go wild on the food. I’m going to let him go wild on the medicines.”
In his victory speech in the early hours of Nov. 6, Trump said of Kennedy: “He’s going to help ’make America healthy again.’ He’s a great guy, and he really means that he wants to do some things, and we’re going to let him go do it.”
On Aug. 23, as he declared his support for Trump, Kennedy said, “If I’m given the chance to fix the chronic disease crisis and reform our food production, I promise that within two years, we will watch the chronic disease burden lift dramatically.”
In recent days, Kennedy has said he will eliminate the nutrition departments of the Food and Drug Administration (FDA) because they are not protecting children and recommended to Trump that pharmaceutical advertising on television be banned.
Presidential candidate Robert F. Kennedy Jr. speaks at the Nixon Library in Yorba Linda, Calif., on June 12, 2024. John Fredricks/The Epoch Times
He told The Epoch Times that he would revamp the National Institutes of Health (NIH) to focus on what’s causing autism, autoimmune diseases, and neurodevelopment diseases instead of developing drugs and serving as an incubator for pharmaceutical products.
A staunch advocate for regulating chemicals in food, Kennedy recently suggested that McDonald’s should use tallow fat instead of seed oils to make its French fries healthier. He has chastised American food manufacturers for using ingredients like artificial dyes.
Some have speculated that Trump may tap Kennedy to head the Department of Health and Human Services (HHS) or one of its sub-agencies.
The HHS oversees 13 agencies, including the Food and Drug Administration, the Centers for Disease Control and Prevention, and NIH.
That post would require Senate confirmation, a measure that could become easier when Republicans take majority in the chamber in January.
In an interview with Fox News earlier this week, Kennedy said: “We don’t know what I’m going to do. I talked to the president about it yesterday, and he asked me what I wanted, and I said, ‘We’re developing a proposal now.’”
Kennedy has vowed that if given the chance, he will dismiss the officials who lead those agencies and appoint replacements who will “turn them back into healing and public health agencies.”
In an Oct. 25 post on social media platform X, Kennedy hinted about some decisions he would make if he had a role leading one of those agencies.
“FDA’s war on public health is about to end. This includes its aggressive suppression of psychedelics, peptides, stem cells, raw milk, hyperbaric therapies, chelating compounds, ivermectin, hydroxychloroquine, vitamins, clean foods, sunshine, exercise, nutraceuticals and anything else that advances human health and can’t be patented by Pharma,” Kennedy wrote.
“If you work for the FDA and are part of this corrupt system, I have two messages for you: 1. Preserve your records, and 2. Pack your bags.”
On Nov. 6, Kennedy said that the FDA should be trimmed.
“There are entire departments, like the nutrition department at the FDA … that have to go—that are not doing their job. They’re not protecting our kids,” Kennedy told MSNBC.
Fighting “corporate capture of government agencies” and ending the chronic disease epidemic are related, Kennedy said on Sept. 30 at Rescue the Republic, a day-long rally that brought 6,500 supporters of the Make America Healthy Again (MAHA) movement to the National Mall in Washington.
“We enriched these corporations and their captive agencies. And now, they want to go and commoditize all of the things we value in our lives,” Kennedy said.
Little will change until giant or private corporations stop controlling the FDA, CDC, and the Department of Agriculture, he said.
“Their function is no longer to improve and protect the health of Americans,” he told the rallygoers. “Their function is to advance the mercantile and commercial interests of the pharmaceutical industry that has transformed them and the food industry that has transformed them into sock puppets.”
Kennedy told The Epoch Times that, when his uncle John F. Kennedy was president in the early 1960s, about 1 percent of children in America had a chronic disease.
“That number may be as high as 60 percent in America today,” he noted.
According to Kennedy, the chronic disease epidemic among American children is a form of abuse.
“Children are the most precious assets that we have in this country,” he said. “How can we let this happen to them? How can we call ourselves a moral nation, the most exemplary democracy in the world, if we are treating our children like this?”
Robert Kennedy, Jr. speaks at a Turning Point PAC and Turning Point Action rally in Duluth, Ga., on Oct. 23, 2024. Jim Blackburn/The Epoch Times
Ultra-processed foods are a primary culprit in the medical crisis among the young, he said.
Seventy percent of American children’s diet is now ultra-processed, he said, “which means industrially manufactured in a factory.”
He said these ultra-processed foods have chemicals that didn’t exist a century ago, and that they are partly responsible for the rise in disease. Though many of these chemicals are banned in Europe, he noted, they are ubiquitous in American foods.
“We are literally poisoning our children systematically for profit,” he said. “Pesticides, food additives, pharmaceutical drugs, and toxic waste permeate every cell in our bodies.”
Cast as an “anti-vaxxer” by critics, Kennedy has consistently said that he instead believes in vaccine safety and informed consent.
During an interview with The Epoch Times last year, he explained that he would not take away vaccines.
“I’ve never been anti-vaccine. People should have choice, and that choice should be informed by the best information possible,“ he said, ”I’m going to ensure that there are science-based safety studies available and people can make their own assessments about whether a vaccine is good for them.”
At a forum hosted by Tucker Carlson in October, Kennedy recounted what Trump said when they talked about working together in a unity movement.
“He asked me to root out the corruption and end the conflicts of interest in our regulatory agencies, corporate capture that has turned our regulatory agencies into the sock pockets of industries they’re supposed to regulate,” Kennedy said.
“And he asked me to restore the tradition of gold-standard, empirically based, evidence-based science and medicine in our regulatory agencies, and to restore the transparency so that these agencies have to—must—stop hiding science from us when it clashes with the commercial ambitions of the pharmaceutical industry.”
Kennedy will continue his MAHA campaign as he awaits a potential post in the Trump administration. Regardless of what role he would serve, the 70-year-old attorney, children’s health advocate, and fitness enthusiast is confident he will deliver the results he envisioned when his presidential campaign ended and his backing of Trump began.
“I can get the corruption out of the agencies. I’ve been doing it for 40 years [as an attorney],” he told The Epoch Times. “I’ve sued all those agencies. I have a PhD in corporate corruption.”
END
this is big! judge refuses to dismiss vaccine case against Astra Zeneca. Moderna’ President resigns from the company
(zerohedge)
Judge Denies AstraZeneca’s Motion To Dismiss In Vaccine Injury Case
Thursday, Nov 07, 2024 – 07:15 PM
Authored by Zachary Stieber via The Epoch Times (emphasis ours),
A federal law that grants broad legal immunity to vaccine manufacturers does not protect AstraZeneca against a breach of contract claim brought by a woman who was injured by the company’s vaccine, a U.S. judge ruled on Nov. 4.
The Public Readiness and Emergency Preparedness (PREP) Act protects manufacturers of vaccines during times of emergency, such as the COVID-19 pandemic.
Brianne Dressen sued AstraZeneca for neglecting to, as promised in a contract, cover the costs of injuries she suffered after participating in the company’s clinical trial in 2020. The pharmaceutical company said it was immune from the lawsuit under the PREP Act.
U.S. District Judge Robert J. Shelby disagreed, ruling on Monday in favor of Dressen and denying AstraZeneca’s motion to dismiss.
While Dressen can’t sue over the injuries, she can over the breach of contract because the legal immunity granted by the law does not cover at least some contractual claims, Shelby said.
“The basis of Dressen’s claim is a broken promise, not a countermeasure,” he said, adding later: “Dressen was administered a covered countermeasure, and she was warned that she may suffer from an adverse reaction, but the fact that she suffered from such reaction was not sufficient to ripen her claim. Rather, she only has a claim because AstraZeneca made a contractual promise to her that happened to involve the effects of a covered countermeasure.”
AstraZeneca put forth a theory in legal filings that immunity from breach of contract claims helps encourage the quick development and deployment of countermeasures during health emergencies, which is the purpose of the PREP Act. Dressen’s lawyers argued enforcing contracts achieves the same result. The judge sided with the latter.
“If the PREP Act immunized deceptive contractual inducement and sanctioned illusory promises, then no one would agree to undertake the high-risk activities that are critical during public health emergency responses,” Shelby said. “The PREP Act drafters could not have intended to allow pharmaceutical companies to make illusory promises to clinical trial participants because doing so would erode public trust and undermine the ability to recruit willing participants, which in turn would erode and undermine pandemic preparedness.”
The judge used the example of AstraZeneca agreeing to pay $125 for time and travel reimbursements to Dressen per study visit during the clinical trial. “AstraZeneca’s theory of immunity would allow it to shirk this and any other promise made to trial participants merely because the promise ultimately relates to the administration or use of a vaccine,” he said.
Dressen, a preschool teacher in Utah, volunteered for the 2020 clinical trial. The consent form she signed said AstraZeneca would “cover the costs of research injuries” and “pay the costs of medical treatment.” After receiving the company’s shot, she suffered from a variety of injuries. U.S. National Institutes of Health doctors diagnosed her with vaccine side effects.
AstraZeneca largely declined to offer payment for treatment, beyond a final offer of $1,243, according to court documents.
AstraZeneca’s vaccine was administered widely in some other countries but U.S. authorities never authorized its use beyond clinical trials.
Shelby’s ruling means Dressen’s case will move forward.
Dressen wrote on the social media platform X that the judge “handed down a thoughtful and timely decision.”
“My deepest gratitude to the court for respectfully reviewing this important case and allowing it to move forward,” she said.
An AstraZeneca spokesperson told The Epoch Times in an email that the company cannot comment on ongoing litigation.
“Patient safety is our highest priority,” the spokesperson said. “From the body of evidence in clinical trials and real-world data, the AstraZeneca-Oxford vaccine has continuously been shown to have an acceptable safety profile and regulators around the world consistently state that the benefits of vaccination outweigh the risks of extremely rare potential side effects.”
end
GLOBAL ISSUES
Global Food Prices Re-Accelerate For Second Month As Situation Remains ‘Sticky’
Friday, Nov 08, 2024 – 08:55 AM
The Food and Agriculture Organization of the United Nations’ Food Price Index, which tracks the international prices of a basket of globally traded food, averaged 127.4 in October, up 2% from the prior month and 5.5% from one year ago. This index bottomed and turned higher earlier this year after peaking and falling for much of 2022-23.
October’s FAO Food Price Index rise is the second consecutive month of year-over-year increases.
The biggest driver of the FAO Food Price Index was the FAO Vegetable Oil Price Index, which spiked 7.3% in October, hitting a two-year high, due to production concerns sending palm, soy, sunflower, and rapeseed oil prices higher.
Here’s how the rest of the index components performed in October:
The FAO Cereal Price Index increased by 0.9 percent in October, led by rising wheat and maize export prices. Global wheat prices were affected by unfavorable weather conditions in major northern hemisphere exporters as well as the re-introduction of an unofficial price floor in the Russian Federation and rising tensions in the Black Sea region. World maize prices rose as well, driven in part by strong domestic demand and transport challenges in Brazil due to low river levels. By contrast, the FAO All Rice Price Index declined by 5.6 percent in October, reflecting lower indica rice quotations driven by expectations of heightened competition among exporters following India’s removal of export restrictions on non-broken rice.
The FAO Sugar Price Index increased by 2.6 percent amid persisting concerns over the 2024/25 production outlook in Brazil following extended dry weather conditions. Rising international crude oil prices also contributed to the increase in sugar quotations by shifting more sugarcane toward ethanol production, while the weakening of the Brazilian real against the United States dollar limited the increase.
The FAO Dairy Price Index rose by 1.9 percent in October, averaging 21.4 percent above its level the same time last year. The increase was primarily driven by higher international cheese and butter prices, while quotations for milk powders declined.
Bucking the general upward trend, the FAO Meat Price Index dropped by 0.3 percent from September, mainly due to lower pig meat prices resulting from increased slaughter rates in Western Europe amid weak domestic and international demand. World poultry prices fell slightly in October, while those of ovine meat remained stable. By contrast, bovine meat prices increased moderately, underpinned by stronger international purchases.
Readers have been well informed about the rising risks of global food inflation re-accelerating. We said in June…
Then, last month:
witter.com/zerohedge/status/1842213617900405140?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5
Food inflation momentum is moving in the wrong direction – indicating it’s very sticky.
MARK CRISPIN MILLER
DR PAUL ALEXANDER
BREAKING! Liberal women in America going on SEX intercourse strike against men in their lives who voted for TRUMP! What? Liberal women have sworn to go on sex strike over Donald Trump’s election win.
Liberal women going on sex strike over Trump; threatening to punish men who voted for Trump! Nympho men don’t need The VIEW (Whoopi, Hostin, Behar) anymore to cure sex addiction, just vote for Trump!
| Dr. Paul AlexanderNov 7 |
Tiger Woods and David Duchovny of X-Files should have heard about this punishing effect of voting for Trump for these men were unfortunately subjected to 3 back-to-back viewing of The VIEW to cure their sex addictions…this should have been made known to them; at least now the toolbox for sex addiction (no more sex) is strengthened by the addition of voting for or supporting Trump…it was often said that several episodes of The VIEW simultaneous, as dangerous as that is on the human mind, with Hostin and Behar etc. would turn any heterosexual man GAY and stop any, and I mean ANY interest in females or sex.
Boy, who would have thunk daddy T could have this therapeutic effect!
Alexander MAGA Trump news; fake PCR created non-pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
In one video shared on TikTok, a young woman pledges to go celibate and encourages others to delete dating apps in order to “exercise sovereignty” over their bodies.
“As a woman, my bodily autonomy matters and this is my way to exercise sovereignty over that,” she says.
“So I highly encourage any other women who are single and still care about progressing women’s rights and still fighting for our bodily autonomy to do the same. Delete your dating apps.”
The woman also encourages others to seek out their female friends for comfort “if you need somebody to cuddle” and describes the 4B movement, which originated in South Korea, as a “point of inspiration”.
The US election revealed a gender divide in the electorate, with 55 per cent of men turning out for Mr Trump and 53 per cent of women voting for Ms Harris.’
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
Enter the Wellness Company as a solution and a willing participant in the health care conversation. From telemedicine, prescriptions, memberships, and supplements, TWC is leading America with alternative choices to the traditional health care model.
SLAY NEWS
| Top Researchers Sound Alarm Over Heart Damage Surge in Covid-Vaxxed ChildrenA team of leading emergency pediatric medicine researchers is sounding the alarm over surging cases of heart damage in children who received Covid mRNA “vaccines.”READ MORE |
| Peer-Reviewed Study Demands Immediate Global Ban on Covid ‘Vaccines’ Over Brain Clot SurgeThe researchers behind a major new peer-reviewed study are calling for an immediate ban on Covid mRNA “vaccines” after linking the injection to surges in deadly blood clots.READ MORE |
| CBS Los Angeles News Anchor Chauncy Glover Dies Suddenly at 39Beloved CBS Los Angeles news anchor Chauncy Glover has tragically died suddenly, his station announced.READ MORE |
| Scientific American Editor: Trump Voters Are ‘Meanest, Dumbest, Most Bigoted’ Group of ‘F-ing Fascists’The editor-in-chief of the popular science magazine Scientific American has unleashed a hate-filled and expletive-laden tirade against citizens who voted for President Donald Trump in this week’s historic election.READ MORE |
| Bernie Sanders Torches Democrats Over Trump Victory: Kamala Harris Campaign Was ‘Disastrous’Far-left Senator Bernie Sanders (I-VT) has torched the Democrats over President Donald Trump’s historic re-election victory this week.READ MORE |
| Republicans Sweep Ohio Supreme Court as Trump Wins by Landslide in Former Swing StatePresident Donald Trump’s epic re-election victory on Tuesday night saw him expand his popularity in the former swing state of Ohio.READ MORE |
| 27-Year-Old Singer Shot Dead in Tour Bus Attack, Dumped in Ditch: ‘She Had Great Talent’The music community is in mourning after a talented singer and rising star was murdered in a brutal attack on her tour bus.READ MORE |
| Prince Harry Faces Deportation After Trump’s Re-Election VictoryPresident Donald Trump’s return to the presidency could spell doom for Prince Harry’s future in the United States.READ MORE |
| Diddy Demands Gag Order to Prevent Grand Jury Witnesses Exposing Evidence on A-List FriendsAttorneys for Sean “Diddy” Combs are demanding a gag order on a witness who claims to have video evidence of the rapper “victimizing” eight of his A-list friends, including two who were “underage.”READ MORE |
| Democrats Privately Panicking About Losing House After Trump & GOP Take White House & SenateBehind the scenes, Democrats are privately panicking about further losses in the House leading to a clean sweep after President Donald Trump and the Republicans secured victories in the White House and the Senate.READ MORE |
| Bette Midler Deletes Her X Account to Protest Trump’s Election VictoryLiberal Hollywood star Bette Midler has deleted her X account to protest President Donald Trump’s historic defeat of failed Democrat candidate Kamala Harris.READ MORE |
| ‘The View’ Hosts Melt Down Over Trump Victory, Demand Congress ‘Regulate Social Media’The co-hosts of “The View” have expressed their outrage in the wake of President Donald Trump’s historic election victory.READ MORE |
| Democrat MSNBC Analyst Admits ‘Trump Knows Our Country Better Than We Do’An MSNBC analyst, former Democrat Sen. Claire McCaskill (D-MO), had admitted that President Donald Trump “knows our country” better than corporate media talking heads do.READ MORE |
NEWS ADDICTS
| Number of Vaxxed 5-11-Year-Olds Dropping Dead from Heart Attacks SkyrocketsSudden heart attack deaths are skyrocketing among 5 to 11-year-old children who have received Covid mRNA vaccines.READ THE FULL REPORT |
| Texas Judge Rules Against Biden-Harris Admin’s Plan to Grant Mass Amnesty to 1 Million Illegal ImmigrantsA judge has ruled that the Biden-Harris administration’s plan to give legal status to the illegal immigrant spouses of American citizens is not valid because the Department of Homeland Security does not have the authority to carry out this kind of mass amnesty.READ THE FULL REPORT |
| Feds Raid Alfie Oakes’ Naples Home and Farm – Seed to Table Owner Is Outspoken Trump SupporterThe Feds raided Alfie Oakes’ Naples, Florida home and farm with a battering ram on Thursday.READ THE FULL REPORT |
| 43 monkeys on the LOOSE after they escaped a research laboratory in South CarolinaWow. President Trump gets reelected and suddenly 43 monkeys break out of a research laboratory to celebrate the big victory and go absolutely ape!READ THE FULL REPORT |
| Hollywood Celebrities Melt Down Over Trump’s Big WinLeftist celebrities are in a total downward spiral after their preferred candidate Kamala Harris failed to beat Donald Trump in the 2024 election.READ THE FULL REPORT |
EVOL NEWS
| LATEST NEWS: |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
END
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
BRICS MEETING
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS FRIDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0769 DOWN 0.0026
USA/ YEN 152.50 DOWN .667 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 AGAIN OCT 2024/Bank of Japan raises rates by .15% to 1.15..UEDA ENDS HIKING RATES AND NOW CARRY TRADES RE INVENTS ITSELF//
GBP/USA 1.2953 DOWN 0.0029
USA/CAN DOLLAR: 1.3902 UP 0.0035 (CDN DOLLAR DOWN 35 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 18.36 PTS OR 0.53%
Hang Seng CLOSED DOWN 225.15 PTS OR 1.07%
AUSTRALIA CLOSED UP 0.84%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 225.15 PTS OR 1.07%
/SHANGHAI CLOSED DOWN 18.36 PTS OR 0.53%
AUSTRALIA BOURSE CLOSED UP .84%
(Nikkei (Japan) CLOSED UP 118.96 PTS OR 0.30%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2688.80
silver:$31.41
USA dollar index early FRIDAY morning: 104.43 UP 6 BASIS POINTS FROM THURSDAY’s CLOSE.
FRIDAY MORNING NUMBERS ENDS
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And now your closing FRIDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 2.880% DOWN 6 in basis point(s) yield
JAPANESE BOND YIELD: +0.987% DOWN 2 AND 4/ 10 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.125 DOWN 5 in basis points yield
ITALIAN 10 YR BOND YIELD 3.662 DOWN 8 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.378 DOWN 5 BASIS PTS
END
IMPORTANT CURRENCY CLOSES : FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0756 DOWN .0039 OR 39 basis points
USA/Japan: 152.68 DOWN 0.484 OR YEN IS UP 48 BASIS PTS//
Great Britain 10 YR RATE 4.4935 DOWN 6 BASIS POINTS //
Canadian dollar DOWN 33 OR 33 BASIS pts to 1.3900
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan, CNY ON SHORE CLOSED DOWN 7.1777 (ON SHORE)
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.1875)
TURKISH LIRA: 34.37 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.003
Your closing 10 yr US bond yield DOWN 4 in basis points from THURSDAY at 4.308% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.491DOWN 7 in basis points /11:00 AM
USA 2 YR BOND YIELD: 4.218 DOWN 0 BASIS PTS.
GOLD AT 11;00 AM 2691.00
SILVER AT 11;00: 31.56
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//
London: CLOSED DOWN 68..35 PTS OR 0.84%
German Dax : CLOSED DOWN 147.04 OR 0.76%
Paris CAC CLOSED DOWN 86.93 PTS OR 1.17%
Spain IBEX CLOSED DOWN 18.50 OR 0.16%
Italian MIB: CLOSED DOWN 164.65 OR 0.48%
WTI Oil price 71.08 12 EST/
Brent Oil: 74.35 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 97.45 ROUBLE UP 0 AND 55/100
GERMAN 10 YR BOND YIELD; +2.378 DOWN 5 BASIS PTS.
UK 10 YR YIELD: 4.4935 DOWN 6 BASIS POINTS
CDN 10 YEAR RATE: 3.212 DOWN 6 BASIS PTS.
CDN 5 YEAR RATE: 3.038 DOWN 6
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0713 DOWN 0.0082 OR 82 BASIS POINTS
British Pound: 1.2913 DOWN 0.0011 OR 11 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.432 DOWN 9 BASIS PTS//
JAPAN 10 YR YIELD: 0.987
USA dollar vs Japanese Yen: 152.68 DOWN 0.490 BASIS PTS// HEADING FOR 160 TO THE DOLLAR
USA dollar vs Canadian dollar: 1.3913 UP 0.0046 CDN dollar DOWN 46 BASIS PTS
West Texas intermediate oil: 70.53
Brent OIL: 73.95
USA 10 yr bond yield DOWN 0 BASIS pts to 4,317
USA 30 yr bond yield DOWN 6 BASIS PTS to 4.484%
USA 2 YR BOND: UP 6 PTS AT 4.267
CDN 10 YR RATE 3.206 DOWN 4 BASIS PTS
CDN 5 YEAR RATE: 3.038 DOWN 1 BASIS PTS
USA dollar index: 104.89 UP 52 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 34.38 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 97.59 UP 0 AND 40/100 roubles
GOLD 2,687.30 3:30 PM
SILVER: 31.29 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 259.65 PTS OR 0.59%
NASDAQ UP 15.61 PTS OR 0.74%
VOLATILITY INDEX: 15.15 DOWN 0,04 PTS OR 0.33%
GLD: $247,96 DOWN 1.64 OR 0.68%
SLV/ $28.48 DOWN 0.62 OR 2.15%
TORONTO STOCK INDEX// TSX INDEX: DOWN 116.43 PTS OR 0.47%
end
USA AFFAIRS
USA TRADING TODAY IN GRAPH FORM
Markets basically rejoice that they do not have to face 4 more years of Bidenomics!
‘Trump Trade’ Goes Turbo: Crypto Rips, Gold Dips, Small Caps Best Week Since COVID
Friday, Nov 08, 2024 – 04:00 PM
The S&P 500 topped 6,000 for the first time ever this week (and its 50th record high of the year) as all the US majors exploded higher the election. Small Caps had their best week since the COVID lockdowns (and liquidity surge) in April 2020…
Market volumes remain extremely elevated, on track for the third consecutive session above 15B shares and the seasonals are still with the trend…
Source: Bloomberg
Goldman issued a Franchise Flow Alert:
thru yesterday, aggregate LO demand has been a massive +$12B, after having sold -$10B last week into year-end for 22% of MFs and ahead of the election.
Today that number is coming down a bit as the entire franchise tilts for sale, but the Mutual Fund squeeze remains the most violent flow dynamic in the market (and, when coupled with Corporate demand – remember Nov/Dec is the busiest 2 months for this cohort – this should be a tailwind for stocks).
Energy and Financials outperformed this week (deregulation)…
Source: Bloomberg
…but overall it was the “Trump Trade” that exploded higher…
Source: Bloomberg
Election-sensitive baskets moved dramatically this week…
Source: Bloomberg
TSLA tore back above $1 trillion market cap this week and NVDA continued to push to new record territory, now considerably larger than AAPL…
Source: Bloomberg
Small Caps were helped by financials but the ‘most shorted’ stocks basket seeing a massive squeeze helped a lot…
Source: Bloomberg
Vix was clubbed like a baby seal as all those hedges were lifted as stocks ripped higher…
Source: Bloomberg
Both stock and bond vol was eviscerated this week (after the election and FOMC)…
Source: Bloomberg
It was a massive week for bonds though (even as vol fell) with Treasury yields spiking and dumping to end with a very much flatter yield curve. Only the short-end of the curve is higher on the week…
Source: Bloomberg
2s10s tumbled back towards inversion once again…
Source: Bloomberg
The dollar rose for its sixth straight week to its highest weekly close in 5 months…
Source: Bloomberg
What the dollar gained, gold lost this week (worst week since May)…
Source: Bloomberg
Bitcoin surged to its second best week of the year, smashing through record highs, topping $77,000 after Trump was elected…
Source: Bloomberg
BTC ETF inflows exploded higher this week…
Source: Bloomberg
This week also saw Ethereum surge to its best relative performance against BTC since May as DeFi boom hopes are reignited…
Source: Bloomberg
Crude prices ended the week unchanged, back up at pre-plunge levels from last week’s Iran-Israel non-attacks…
Source: Bloomberg
And finally, while pundits panicked, global markets rallied in relief of not four more years of Bidenomics…
Source: Bloomberg
USA sovereign risk has collapsed since Trump’s Red Sweep – not exactly the signal of the stagflationary hellscape that ’51 noble prize winning economists’ predicted.
MORNING TRADING
II USA DATA
III USA ECONOMIC NEWS
(zerohedge)
Worse Off Now? Real Wages Have Declined Since Nov. 2020
Thursday, Nov 07, 2024 – 05:20 PM
“Are you better off than you were four years ago?”
Any incumbent president seeking re-election is faced with this political litmus test.
A test that Kamala Harris, as the de-facto incumbent, apparently failed to pass.
As Statista’s Felix Richter reports, according to exit polls, 46 percent of voters in key states said that their family was worse off now than it was four years ago, the highest ever in presidential exit polls. But is that really true or are we seeing what some economists described as a “vibecession”, i.e. an overly negative perception of an economy that is doing alright?
While the U.S. economy has come through the inflation crisis relatively unscathed, with robust growth, low unemployment and high stock prices, many American families have not.
Or at least it hasn’t felt that way.
The main problem with inflation is the fact that it hits consumers right where it hurts: the wallet.
In times of high inflation, when prices increase faster than nominal wages, real wages go down, meaning that workers see (and feel) the purchasing power of their income decline.
During the current inflation crisis, this has been the case from April 2021 to April 2023, when average real hourly earnings declined for 25 consecutive months on a year-over-year basis. In May 2023, real wages began to rise again as nominal wage growth outpaced inflation once again as it normally should.
By looking at cumulative wage growth and price increases since November 2020, we can at least try to answer the question of whether or not Americans are better off than they were four years ago and the answer is: not really.
You will find more infographics at Statista
Between November 2020 and September 2024, nominal wages increased 19.2 percent on aggregate.
During the same time, consumer prices have surged by 20.6 percent, though, meaning that prices hikes have erased any wage growth and left real wages 1.1 percent short off where they were four years ago.
END
Asked About Dropping Trump Charges, DOJ Says Policy Is To Not Prosecute Presidents
Friday, Nov 08, 2024 – 06:30 AM
Authored by Jack Phillips and Sam Dorman via The Epoch Times (emphasis ours),
WASHINGTON—Special counsel Jack Smith’s office said the Department of Justice (DOJ) has a longstanding policy not to prosecute a sitting president, in response to a query about whether it will drop its criminal cases against President-elect Donald Trump, who won the 2024 election.
Peter Carr, a spokesman for the special counsel’s office, declined to comment on whether the office will drop its cases but directed The Epoch Times to a 2000 memo from the DOJ Office of Legal Counsel. It states that “indictment or criminal prosecution of a sitting President would unconstitutionally undermine the capacity of the executive branch to perform its constitutionally assigned functions.”
Multiple Republicans called on the DOJ and local district attorneys to end their prosecutions of Trump after he won the presidential election on Nov. 5.
“The American people have spoken: the lawfare must end,” House Majority Leader Steve Scalise (R-La.) wrote in a post on social media platform X. “I call on Attorney General Garland, [Manhattan District Attorney] Alvin Bragg, and [Fulton County District Attorney] Fani Willis to immediately terminate the politically motivated prosecutions of President Donald Trump.”
On Nov. 6, Sen. Lindsey Graham (R-S.C.) wrote on X that special counsel Jack Smith should “look forward to a new chapter” in his legal career.
“The Supreme Court substantially rejected what you were trying to do, and after tonight, it’s clear the American people are tired of lawfare. Bring these cases to an end,” Graham wrote.
[ZH: Meanwhile…]
* * *
Former Attorney General Bill Barr, who served under Trump, told Fox News that prosecutors should “do the right” thing and end their cases against the president-elect.
“Further maneuvering on these cases in the weeks ahead would serve no legitimate purpose and only distract the country and the incoming administration from the task at hand,” Barr said. “The public interest now demands that the country unite and focus on the challenges we face at home and abroad. Attorney General Garland and all the state prosecutors should do the right thing and help the country move forward by dismissing the cases.”
He said that the U.S. electorate has “rendered their verdict on President Trump and decisively chosen him to lead the country for the next four years.”
“They did that with full knowledge of the claims against him by prosecutors around the country, and I think Attorney General Garland and the state prosecutors should respect the people’s decision and dismiss the cases against President Trump now,” Barr said.
Trump is slated to appear before a New York judge later this month to face sentencing after he was charged with 34 counts of falsifying business records in connection to payments he made during the 2016 election. He was convicted by a jury in May. He had pleaded not guilty and denies the allegations.
However, with the election result, it’s not clear whether Trump will receive any sentencing after the U.S. Supreme Court ruled that presidents should have some degree of immunity from prosecution for official acts.
It’s unclear what Judge Juan Merchan will do following the election. Merchan has already pushed back the sentencing date twice.
Trump faces charges in Fulton County, Georgia, for allegedly trying to illegally overturn the 2020 election results, although that case is currently in limbo after the president-elect and several co-defendants appealed a judge’s ruling to allow Willis to remain on the case. The Georgia Appeals Court is currently scheduled to take up a Trump appeal next year, and the case is currently on pause.
Willis, a Democrat, was elected to another term in office as Fulton County’s top prosecutor on Nov. 5, according to projections from The Associated Press.
In two federal cases brought against him, Trump faces criminal charges in Washington, brought by Smith, over his alleged activity following the 2020 election and the Jan. 6, 2021, U.S. Capitol breach. A separate case that was brought by Smith in Florida over his handling of classified documents was dismissed by a federal judge earlier this year, although Smith had appealed it.
When Trump officially takes office, he could use his presidential authority to dismiss the two cases brought by Smith, who was appointed by Garland. However, he has less latitude in dealing with the cases brought in New York City and Fulton County.
In public events and on social media, Trump often has said that the various criminal cases brought against him were attempts to interfere in the 2024 election.
The Epoch Times contacted the Fulton County District Attorney’s office for comment but did not receive a reply by publication time.
END
who Trump might pick for his cabinet:
Trump Returning To White House With A Bigger Mandate
Friday, Nov 08, 2024 – 03:30 PM
Authored by Ivan Pentchoukov and Janice Hisle via The Epoch Times,
President-elect Donald Trump will reclaim the presidency next year with a wide-ranging agenda for America and a significant electoral mandate to implement his plans.
Having already won 295 Electoral College votes by the afternoon of Nov. 6, Trump was on track to capture the national popular vote and sweep all seven battleground states.
The president-elect was ahead by nearly 4.7 million votes in the national vote as of 11:16 p.m. on Nov. 6 – a 3.3 percentage point margin. He is on track to best his own national totals from 2016 and 2020, having made significant gains in broad swaths of the country, notably in safe blue states, including New Jersey, Illinois, Minnesota, New Hampshire, and Maine.
Vice President Kamala Harris, Trump’s Democratic opponent, conceded the election in a speech in Washington on the afternoon of Nov. 6. A spokesman for the Trump campaign said Harris called Trump to congratulate him earlier in the day and that “both leaders agreed on the importance of unifying the country.”
Trump’s commanding performance was buttressed by that of the Republican Party, which recaptured the U.S. Senate and was well on its way to winning the House of Representatives. As of 10:39 p.m. on Nov. 6, Decision Desk HQ projected that the GOP had a 90 percent chance to retain control of the lower chamber.
“This was a movement like nobody has ever seen before, and frankly, this was, I believe, the greatest political movement of all time,” Trump said in his victory speech.
Should Republicans win both the House and Senate, Trump will face a different Congress from the one he did in his first term that started in 2017. Now, his allies are in charge of the House Republican caucus, and all but a few of his biggest intra-party detractors have been ousted in closely-watched primary contests. In the Senate, the long-time leader of the Republicans, Sen. Mitch McConnell (R-Ky.), is stepping down and setting the stage for a leadership contest all but sure to be decided by Trump’s endorsement.
With allies in both chambers, the president-elect is less likely to run into the legislative roadblocks that characterized his first term in office.
The Senate, in particular, will be key to confirming Trump’s headline Cabinet picks, which would have seemed impossible eight years ago—particularly Robert F. Kennedy Jr., who Trump wants to task with tackling federal food and health agencies.
As the Trump transition team prepares to take the White House, Americans can expect major changes in how the government handles the economy, foreign affairs, illegal immigration, tax policy, and health care.
Trump promised to end the war in Ukraine before Inauguration Day and to launch a massive operation to deport illegal immigrants. As president, he will have the power to achieve both without the help of Congress. The same goes for rolling back the tailpipe emissions rule, which Republicans call a de-facto electric vehicle mandate.
“We’re going to help our country heal. We have a country that needs help, and it needs help very badly,” Trump said.
“We’re going to fix our borders. We’re going to fix everything about our country.”
The president-elect will have to work with Congress to deliver on some of his other promises, including ending taxes on tips, overtime pay, and Social Security income, as well as expanding the child tax credit. Other provisions in his tax plan include reducing corporate taxes to 15 percent from 21 percent, maintaining lower individual taxes and permanently expanding the $2,000 child tax credit.
On the campaign trail, Trump has floated the idea of ending taxation altogether and funding the government through tariffs on foreign goods. He has singled out China for 60 percent import tariffs and, a day before the general election, said he would threaten Mexico with a 25 percent tariff to get the southern neighbor’s help in stemming the flow of illegal immigrants.
To tackle inflation, Trump would boost domestic energy production by increasing oil drilling on public lands and offering tax breaks to oil, gas, and coal producers. He said he would double down on the deregulation agenda he embraced in the first term, with a requirement to cut 10 current regulations for each new one.
The U.S. Capitol building in Washington on Sept. 9, 2024. Madalina Vasiliu/The Epoch Times
Trump plans to bring on billionaire Elon Musk to head a new Department of Government Efficiency, which Musk has said will be key to getting inflation under control.
In addition to Musk and Kennedy, Trump’s picks for his Cabinet are likely to include some of the Republicans who challenged him in the primary election, such as North Dakota Gov. Doug Burgum and businessman Vivek Ramaswamy.
Former Rep. Tulsi Gabbard (D-Hawaii) and Kennedy’s running mate, Nicole Shanahan, are also likely at the front of the line for posts. Gabbard aligned with Trump’s opposition to so-called forever wars abroad. Shanahan is an attorney with experience in Silicon Valley.
The president-elect’s picks will be closely watched because many of the people he selected during his first term ended up turning against him, especially in the aftermath of the contested 2020 election.
Trump challenged the outcome of the 2020 race in seven battleground states and refused to bow out of the race until Jan. 6, 2021, when a crowd of his supporters clashed with police on Capitol grounds and breached the building while Congress certified the results of the election.
After Trump left the White House on Jan. 20, 2021, the Democrats used the events of Jan. 6 to impeach Trump in the House of Representatives, making him the first president to face two impeachments. The Senate exonerated Trump in both cases.
A Trump supporter waves a giant flag outside the White House on Nov. 6, 2024. Former President Donald Trump on Nov. 6 won a sweeping victory in the 2024 presidential election. Daniel Slim/AFP via Getty Images
The impeachment was only the first in a series of unprecedented events that ultimately led to Trump’s comeback four years later. Trump was banned from several social media platforms, had his residence raided by federal agents, faced several indictments on the state and federal levels, posed for a mugshot taken at a Georgia jail, survived two assassination attempts, and went up against two Democratic Party nominees in a single election.
In the face of the challenges, he ran a successful campaign, took control of the Republican National Committee, beat GOP fundraising records, and made gains with parts of the electorate long-aligned with the Democrats, including Hispanics and young men.
“God spared my life for a reason,” Trump said during his victory speech on election night, referring to the assassination attempts on his life.
Trump’s 2024 campaign leaned into interviews with internet influencers, including Joe Rogan, the Nelk Boys, and Logan Paul. The strategy appears to have paid off in attracting young men. Exit polls by Edison Research show Trump gaining 6 percentage points with the group compared to 2020.
One campaign staple remained unchanged from Trump’s first run for the White House: the rallies. The president-elect held 119 of these signature events during the 2022–2024 campaign season. As he did in 2016 and 2020, he held the final rally in Grand Rapids, Michigan.
Trump rallies have evolved over the years to include elements of entertainment and visual aids. Some of the final rallies of the 2024 campaign, including a jam-packed rally at Madison Square Garden in New York City, included live opera performances.
In Trump’s speeches, social media messages, and campaign ads, he focused on the three crises facing the Biden–Harris administration: inflation, the border crisis, and, more recently, the wars in Ukraine and Israel. The current administration has managed to get inflation under control, but illegal border crossings have remained stubbornly high and the wars in Ukraine and the Middle East appear to be spiraling out of control.
Trump has promised to end the war in Ukraine during the transition period between November and January. He has repeatedly said his top priority on the first day in office would be to seal the southern border with Mexico.
Path to Nomination
To win the 2024 Republican nomination, Trump defeated more than a dozen contenders without participating in any of the four Republican presidential debates.
Several contenders jumped into the race early in 2023 after Trump declared his candidacy in November 2022. By the fall of 2023, the field of candidates began to shrink. Trump’s former vice president, Mike Pence, withdrew from the race in October 2023. Sen. Tim Scott (R-S.C.) dropped out the following month.
Trump comfortably won the Iowa caucuses on Jan. 15, nearly 30 percentage points ahead of his nearest competitor, Florida Gov. Ron DeSantis. Ohio biotech entrepreneur Vivek Ramaswamy dropped out immediately after the caucuses. DeSantis quit the race several days later.
Trump’s former ambassador to the United Nations, Nikki Haley, a former governor of South Carolina, hung on until March before dropping out.
Republican presidential nominee and former President Donald Trump speaks during a campaign rally at the PPL Center in Allentown, Pa., on Oct. 29, 2024. Arjun Singh/The Epoch Times
From Trump Tower to the White House
Now 78 years old and making his third presidential run, Trump started his rise to fame and fortune in his native New York. After leaving the White House in 2021, he now lives in Florida at his Mar-a-Lago estate in Palm Beach.
Following in the footsteps of his father, Fred Trump, he built an international real estate empire. Donald Trump became a household name during the 2000s while starring in the reality TV series “The Apprentice.” During the show, he coined his famous phrase “You’re fired!” while axing a contestant at the end of each show. Trump also has authored several books, including 1987’s “The Art of the Deal.”
Before he became the standard-bearer for a revamped version of the Republican Party, Trump had changed his political affiliation several times.
In 2004, he told CNN, “In many cases, I probably identify more as Democrat.”
He said it seemed to him that the economy was healthier under Democrats. Trump switched to the Republican Party in 2011, records show.
In 2014, Trump took steps toward running as governor of New York but decided against it. The following year, he pursued politics in earnest, ending years of speculation about a Trump presidential run.
On June 16, 2015, he and his wife, Melania Trump, rode down an escalator at Trump Tower in Manhattan to announce his candidacy.
That day, he debuted his “Make America Great Again” slogan, echoing the “Let’s Make America Great Again” phrase that Republican Ronald Reagan used during his successful 1980 presidential campaign.
In 2016, Trump became the unlikely victor of the presidential election, making him the first U.S. president with no prior experience in public office or as a military commander.
Security in front of Trump Tower in New York City on Sept. 26, 2024. Samira Bouaou/The Epoch Times
Throughout the campaign season, polls showed Trump trailing Democrat Hillary Clinton, a longtime politician and wife of former President Bill Clinton. That pattern continued in 2020 and 2024, with Trump consistently outperforming polls.
During his presidency, Trump fought a barrage of political attacks that began immediately after he took the oath of office in 2017.
He became the third U.S. president to be impeached, and he stands alone as the sole president to be impeached twice. The Senate acquitted him both times.
During the first two years of his term, the president and dozens of people close to him were ensnared in the so-called Russian-collusion inquiry headed by special counsel Robert Mueller. The special counsel concluded the investigation with a report that did not document any evidence of collusion.
In the final year of his presidency, Trump grappled with the COVID-19 pandemic and a summer of race riots as he campaigned for reelection. His Democratic opponent was Joe Biden, a longtime senator who served as vice president under President Barack Obama.
A Trump White House statement said his presidential accomplishments included a strong economy with low interest rates, “massive deregulation” to spur business growth, and taking “historic action to promote peace in the Middle East.” He was nominated for a Nobel Peace Prize for his efforts in the Middle East.
Trump was born in New York City on June 14, 1946; his parents, Fred Trump and Mary Trump, née MacLeod, had five children. Trump himself has five children through three marriages, and 10 grandchildren.
He received his education at the New York Military Academy, a private boarding school, followed by Fordham University and the Wharton School of Finance at the University of Pennsylvania, where he earned a bachelor’s degree in economics.
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
END
FREIGHT ISSUES/USA/
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
KING REPORT
| The King Report November 7, 2024 Issue 7366 | Independent View of the News |
| The Bank of England cuts interest rates 25bps to 4.75%. Eight Monetary Policy Committee members voted for the cut. There was one dissenter. BOE Delivers Rate Cut with Warning on Budget’s Inflation Hit The BOE’s path to further easing has been complicated both by Chancellor of the Exchequer Rachel Reeves’ Oct. 30 budget and the election of Donald Trump as US president. The UK now plans a £70 billion ($90.4 billion) a year spending binge, almost half of which is financed by borrowing. Trump is threatening higher tariffs in a new global trade war… https://finance.yahoo.com/news/boe-delivers-rate-cut-warning-121516953.html Xi Jinping Congratulates Trump, Calls For ‘Right Way to Get Along’, Manage Differences “I urge China and the US to expand mutually beneficial cooperation,” Xi said. “I call for the right way for China, and the US to get along in the new era. Both the countries should strengthen dialogue and communication,” he said… https://www.news18.com/world/xi-jinping-congratulates-donald-trump-china-us-relations-differences-latest-news-9112018.html As expected, the Fed cut its target rate to 4.75% from 5.00%. There were few changes in the FOMC Communique; but one change loomed large. “The committee has gained greater confidence that inflation is moving sustainably toward 2 percent” was removed. https://x.com/NickTimiraos/status/1854599715897086428 Powell HighlightsEconomy is strong; consumer is resilient (Then why cut rates?)Inflation has come down a lot.“In the near term, the election will have no effect on our policies.”Recent inflation data was not terrible but higher than expectedThe communique omitting confidence in lower inflation was NOT meant to cause concernNot concerned about the rise in bond yields because they are well below last year.The jump in yields is due to strong growth expectations, not inflation expectations“We’ve watched bond rates; it’s nowhere near where it was a year ago…”(The US 10-year note yield is only about 10bps lower than a year ago!)“We’re not at the stage where bond rates need to be taken into policy consideration.”Dismissed concern that the jumbo Fed rate cut has or will foment inflation.“The story of inflation on a downtrend is intact and a couple of data-points – whether good or bad – won’t really change the pattern now that we are this far down in the process.” (Voters disagree!)Inferred twice that the Fed may pause at the December meeting. Market expected 25bp cutIf labor market deteriorates, will move quickly to cut ratesWhen asked if he would resign if DJT requested it, Powell said “no.”When asked about removing Fed officials: “Not permitted under the law.” Powell is provoking a more powerful Trump who has stated that he wants to reform the Fed and remove Powell if ‘he doesn’t do what is right.’ Powell is playing with fire. Trump has a populist mandate to halt inflation and boost the economy. Powell bragged that inflation has come down a lot and is under control. Tens of millions disagree with Jerome. Powell insouciantly dismissed the jump in yields and recent inflation data. DJT could make an example of Powell by showing Flyover America that PE Powell is out of touch with average Americans and is catering to Wall St (see his remarks today). @KeithMcCullough: That’s why Powell’s tone and “No” was arrogant. He wanted his Fed Fans to know that he thinks he’s untouchable. (Unelected Powell defying a landslide elected POTUS!) Just last week, we published an interview in which VP-elect Vance complained that private equity borrows at a fraction of the interest rates that average Americans pay for mortgages. He added that PE buys up homes, which drive up home prices. If Trump goes for a Fed reform bill, he will find Dem allies (Warren and Sanders for sure). The GOPe will be apoplectic, but they have diminished clout – and many Americans still want retribution for 2008. ESZs traded modestly lower during early Nikkei trading but turned up after 20:00 ET. A moderate rally ended near the Nikkei’s 1:00 ET close. ESZs then traded sideways (14-handle range) until they broke higher after the 7 ET US repo market opening. A modest rally appeared; but ESZs retreated until the rally for the NYSE opening and Fed Day commenced at 8:42 ET. A robust rally took ESZs to 5996.75 near 11:00 ET. After a modest 9-minute respite, ESZs rallied to 6001.25 at 12:43 ET. Astute traders realized the there was NO meaningful buying when ESZs broke through ‘the number’ (6000). So, traders unloaded; ESZs declined to 5986.00 at 14:42 ET. The late manipulation took ESZs to their daily high of 6013.00 at 15:21 ET. ESZs then fell to 5998.75 at 15:52 ET. A final manipulation pushed ESZs to 6006.25 at the NYSE close. Positive aspects of previous session Fangs soared for Fed Day. Bonds rallied about 1 point. Negative aspects of previous session The DJIA, DJTA, and DJUA declined. It was solely a trading sardine rally for Fed Day. Gold and precious metals recovered about half of their Wednesday tumbles. Ambiguous aspects of previous session Can stocks in general rally without rabid Fang buying? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5968.05 Previous session S&P 500 Index High/Low: 5983.84; 5847.21 Biden praises ‘inspiring’ Harris campaign, will prepare ‘peaceful and orderly’ Trump transition https://trib.al/P8nSqpU Biden to Americans yesterday: “You can’t love your country only when you win. You can’t love your neighbor only when you agree… I hope we can see each other as fellow Americans, not adversaries… Bring down the temperature…” This is the guy that called Trump supporters ‘garbage’ just days ago! @WesternLensman: CNN’s @ScottJenningsKY takes a blowtorch to Biden’s legacy as he’s set to speak today: “TOTAL FAILURE… I think about the condition of the Democratic Party. It’s been almost fully oriented around Trump for a decade. And look at Biden, I mean, his basic campaign promise initially was to rid the country of Trump and Trumpism.” “And as he leaves office, Trump, Trumpism and the MAGA movement is stronger than ever. So not only are you just dealing with the wreckage of having lost an election. You’re dealing with the total failure of the project of the current president as he set it out when he got elected in the first place.” https://x.com/WesternLensman/status/1854561194473832502 Target now has signs that say “Merry Christmas” instead of “Happy Holidays” and everyone is talking about it https://t.co/CULR81t2yr Fed Balance Sheet: -$19,191B on -$18.426B of Notes & Bonds; Reserves at Fed: +37.162B DJT has appointed Susie Wiles, his co-campaign manager, as his White House Chief of Staff. MAGA types are thrilled; RINOs/the GOPe are not happy; Mark Cuban is chagrined. Wiles is the 1st female WH COS. She worked in the Reagan WH as a scheduler and for the late Rep. Jack Kemp (R-NY) in DC. Trump’s Policy Advisers Outline Their Plan to End the War in Ukraine The plan would see a ‘freeze’ to combat operations of Ukraine while still providing the country with weapons. It would also prohibit Ukraine from joining NATO for at least 20 years… Some of the details of this plan were reported to include an 800-mile demilitarized zone, similar to that between North and South Korea… It also includes a military force for ‘peace keeping’, but would not be made up of U.S. or U.S.-funded bodies… https://vigilantnews.com/post/trumps-policy-advisers-outline-their-plan-to-end-the-war-in-ukraine/ Today – Fangs and trading sardines soared for Fed Day and on Trump Rally follow through. But the Dow indices and the Russell 2k declined. Traders will play for the Friday Rally; but stocks look tired. The S&P 500 Index high on Thursday was 5983.84. Traders will ‘shoot for the number’ (6000). If there is no meaningful buying on a breach above 6000, traders will unload. Fangs and trading sardines are extremely overbought. Fed Day upward bias is over. Trump Rally stocks were soft or down on Thursday. The probability is high for a spirited stock market retreat at some point today. Expected economic data: Nov UM Sentiment 71, Current Conditions 65.5, Expectations 75, 1-yr Inflation 2.7%, 5-10-yr Inflation 3%; Fed Gov. Michelle Bowman (possible DJT choice for Fed Chair) 11 ET, St. Louis Fed Pres Musalem 14:30 ET S&P Index 50-day MA: 5720; 100-day MA: 5609; 150-day MA: 5478; 200-day MA: 5379 DJIA 50-day MA: 42,072; 100-day MA: 41,025; 150-day MA: 40,259; 200-day MA: 39,910 (Green is positive slope; Red is negative slope) S&P 500 Index (5973.10 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5112.80 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5509.91 triggers a sell signal Daily: Trender and MACD are positive – a close below 5741.13 triggers a sell signal Hourly: Trender and MACD are positive– a close below 5876.19 triggers a sell signal How did so many Milwaukee County precincts report 96% to 101.5% turnout rates? @RealSKeshel: Milwaukee County stole the Senate race in the middle of the night and significantly cut Trump’s statewide margin. https://twitter.com/RealSKeshel/status/1854514824807624993?s=02 @JoshKraushaar: From Bidenworld: “There is no singular reason why we lost, but a big reason is because the Obama advisers publicly encouraged Democratic infighting to push Joe Biden out, didn’t even want Kamala Harris as the nominee, and then signed up as the saviors of the campaign only to run outdated Obama-era playbooks for a candidate that wasn’t Obama.” Dems rage against Biden’s ‘arrogance’ after Harris loss – Politico Democratic leaders had hoped Harris could separate herself from Biden’s deficiencies. They say his advancing age, questions over his mental acuity and deep unpopularity put Democrats at a sharp disadvantage. They are livid that they were forced to embrace a candidate who voters had made clear they did not want — and then stayed in the race long after it was clear he couldn’t win… Tuesday’s defeat was so comprehensive it’s unclear any Democrat could’ve won under such circumstances. The anti-incumbency anger ignited by inflation that had swept across Europe in recent years finally arrived in the U.S. And as working-class voters shifted decisively toward Trump, they expressed doubt Harris could’ve cobbled together a workable coalition even if she’d had more time to campaign…Biden has become a central target in the intensifying debate among Democrats over what went wrong… (Now we know the sources for this story are from Team Obama-Harris!) https://www.politico.com/news/2024/11/06/democrats-blame-biden-trump-win-00188092 Dems should be blaming themselves for their fraud involving Biden’s mental abilities! After Harris’ loss, angry Democrats blame her boss, Biden – Reuters The sharpest criticism contained accusations that the party had lied to its supporters about President Joe Biden’s mental fitness until a disastrous TV debate with Trump in June raised alarm bells and ultimately led to the president exiting the race. One Democratic donor asked: “Why did Joe Biden hold on for as long as he did? He should have not concealed his (health) and dropped out a lot sooner.”… The party “needs a complete reboot,” hedge fund manager Bill Ackman, a longtime Democratic donor who endorsed Trump in 2024, posted on X. “The party lied to the American people about the cognitive health and fitness of the president,” he said, and then didn’t hold a primary to replace him… https://www.reuters.com/world/us/after-harris-loss-angry-democrats-blame-her-boss-biden-2024-11-06/ Kamala Harris Campaign Fell $20 Million in Debt in Final Week A Kamala campaign staffer confirmed to Breitbart News that the reports that Harris’s campaign was “$20 million” in debt “is real,” adding that Jen O’Malley Dillon, the Harris campaign chair reportedly “blew through a billion dollars in a few months.”… it was all Jen’s idea to do all the concerts,” the campaign staffer said… O’Malley Dillon reportedly prioritized the concerts with celebrities “at the expense of” other campaign priorities such as “spending money on social media,” the Harris campaign staffer told Breitbart News… “several people” who had worked on Harris’s presidential campaign were “still awaiting several overdue payments they were promised for their work.”… https://www.breitbart.com/2024-election/2024/11/06/kamala-harris-campaign-fell-20-million-debt-final-week/ @mboyle1: There needs to be an AUDIT of the Kamala campaign finances top to bottom — donors and supporters of hers must be furious. Where did the money go?… It’s unclear at this time if the campaign PAID the talent to perform but the cost of production for the events was “immense.”… https://x.com/mboyle1/status/1854357003688141142 Harris campaign manager Jen O’Malley Dillion, in a note to supporters, states, “The work of protecting America from the impact of a Trump presidency starts now…” (Sounds like an insurrection, doesn’t it? What happened to the ‘unity?’) https://www.foxnews.com/politics/harris-concedes-presidential-race-sends-message-campaign-staff-losing-unfathomably-painful @Peoples_Pundit: GOP Rep Byron Donalds said unlike 2016, when McConnell and Ryan were trying to teach Trump how Washington worked and push their own agenda, people are going to find out that they have to get on board with the people’s agenda, or they’ll get steamrolled. @EricLDaugh: Most accurate pollster of 2020, and now one of the best in 2024, AtlasIntel is exposing 538/ABC’s polling averages and ratings for biasing in favor of Democrats. The floor is falling from beneath the Democratic polling apparatus. Credibility is shattering. @Peoples_Pundit: (Pollster at 538) Nate Silver is a fraud and this industry really has no need for his input. His contribution is a net negative to this entire process. He tried to con Trump voters into making himself relevant again, after being fired from his own site. He should find another job. Kamala gave a concession speech that is eerily like Hillary’s concession speech. https://x.com/TheLizVariant/status/1854308899270119514 @wajacobson: ‘Resistance’ Lawfare Abusers Must Be Held Accountable – Trump “can unify the nation, he can unify communities, but these nasty, malicious people who abused our prosecutorial system, who abused their public office, who engaged in what amounted to extortion against Republicans and Trump supporters, they need to be held to account.” https://legalinsurrection.com/2024/11/resistance-lawfare-abusers-must-be-held-accountable/ @HansMahn Hopefully, all those who conspired against Trump will now finally be held accountable. https://t.co/KhPYBphgqD CBS reporter knocks NY Times for anti-Trump spin: The real headline should be ‘NYT Doesn’t Understand Nation’ https://t.co/O4oGEiWTZd @libsoftiktok: Without free speech Kamala might have won. Democrats know and are admitting this. They know they have to lie, censor, and spread propaganda through the MSM in order to win. Those days are over. Elon bought X and changed the game. @TheRabbitHole84: What’s notable about the Trump victory is that it happened despite biased Legacy Media coverage. New Media, like 𝕏 and podcasts, helped circumvent the narrative gatekeepers so people could hear the other side. I’m not sure if this outcome would have been possible otherwise. @elonmusk: Propaganda is far less effective when there is a real-time source of truth on 𝕏. For anyone, whether in America or other countries, who finds this result shocking, they should reconsider where they get their information. This trend was obvious on 𝕏 for months, but almost all the legacy mainstream media pushed a completely false reality. They lied to you. @elonmusk: Worth noting that far more “billionaires” backed Harris than Trump and she raised almost 50% more money. Nonetheless, America showed that elections aren’t just a function of money and gave Trump a resounding victory! https://twitter.com/elonmusk/status/1854530085857927303?s=02 Catholic swing voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’ There are approximately 52 million Catholic adults in the U.S., making it the largest religious denomination in the country. Until now, political opinions among Catholic voters have been split between the two parties, leading many to believe that there is no such thing as a Catholic voting bloc… https://www.foxnews.com/politics/catholic-swing-voters-were-critical-donald-trumps-blowout-victory-harris-snubbed-us @JoeConchaTV: Great decision by @davidplouffe to advise Kamala to not go to the Al Smith dinner, right? (Plouffe was Obama’s 2008 campaign manager. It really was Team Obama-Harris!) @kylenabecker: Harris campaign adviser David Plouffe just *NUKED* his @X account Context: Plouffe was blasted on @X after saying the Harris team’s staff “left it all out on the field.” “We dug out of a deep hole but not enough,” he wrote. “A devastating loss. Thanks for being in the arena, all of you.” https://x.com/kylenabecker/status/1854557812262567941 Chuck Schumer urges new Senate Republican majority to embrace bipartisanship (How ‘bipartisan’ was Chuckie when he rammed though Biden’s agenda?) https://t.co/4YSdbdKUkD California governor calls special session to protect liberal policies from Trump presidency https://apnews.com/article/california-donald-trump-gavin-newsom-special-session-32511d5887409d68d692e094ed50a272 @TPostMillennial: Gov. Maura Healey on whether the Massachusetts State Police would assist in mass deportations if the Trump admin requests it: “No. Absolutely not.” (She also notes ways to resist.) https://x.com/TPostMillennial/status/1854332326874153460 Unfortunately for MA Gov, the SCOTUS has ruled the federal government has dominion on immigration. @libsoftiktok: Following Trump’s victory, NYC Mayor announced he’s ending food vouchers for illegals @TheCalvinCooli1 on Wed: Protestors are taking to the streets of Chicago (at Trump bldg.) after President Trump wins the election. Who do you think is behind this? https://t.co/JQgl6uFtYv 1619 Project author says ‘anti-Blackness is deeply embedded in Latino cultures’ after Trump Hispanic surge https://trib.al/qjOksDY Final electoral count for 2024 election: Trump 312, Harris 226 – DJT is up ~4.5m in popular vote. The MSM and social media teems with stories of people, mostly women, that are extremely distressed and emotional about DJT’s win. Most of our ancestors that lived through world wars, depressions, and even the Holocaust, are no longer with us. You know how they would think about this! @libsoftiktok: Assistant Director for Fraternity and Sorority Life at @uoregon tells Trump supporters to kill themselves. Any comment @uoregon? https://x.com/libsoftiktok/status/1854542229873873212 Heritage’s @JasonBedrick: Too many universities are just a jobs program for anti-social, mentally ill radicals. Congress and state legislatures should cut their funding dramatically. GOP Sen. @BasedMikeLee: America’s universities are effective at spreading Marxism. @SaraCarterDC: Yes, they are and the result is the rise of mental illness. Why? because many of these university professors aren’t about science/ logic but the indoctrination of radical ideas that teach our society to believe in lies, accepting those lies as reality. Sadly, when the truth is revealed the majority of those brainwashed people lose their minds and can’t reconcile with the truth. @ConquestTheory: White women are going to wear blue bracelets to signal to others that they didn’t vote for Trump. We have a major mental health crisis in this country. https://t.co/gDKNbKtDKS People with mental health and emotional issues are susceptible to fear mongering, demonization of people, and blaming others for their issues. You can look it up! GOP Sen John Thune, McConnell’s right-hand man, wants to succeed Mitch as Senate Majority Leader. He is GOPe and is detested by most DJT supporters. Yesterday, Thune told Trump to stay out of the fight for Senate Majority Leader. How do you think DJT will respond? As of midday on Thursday, there were still about 795,000 uncounted ballots in Arizona! This induces concerns about election fraud and chicanery. | |
SWAMP STORIES FOR YOU TONIGHT
Bannon goes scorched earth on the Democrats including the two imposters, Biden and Harris
(zerohedge)
“You Don’t Deserve Any Respect!”: Steve Bannon Goes Scorched Earth On Democrats On Election Night Livestream
Thursday, Nov 07, 2024 – 04:40 PM
Steve Bannon took to his livestream on election day, just hours after leaving prison for contempt of congress charges, to offer up his take on the landslide victory President Trump was in the midst of at the time.
Speaking about Democrats, Bannon exclaimed:
“You stole the 2020 election. You’ve mocked and ridiculed and put people in prison and broken people’s lives because you said this thing was NOT stolen. This entire phony thing is getting swept out. Biden’s getting swept out. Kamala Harris is getting swept out.”
“MSNBC is getting swept out. The Justice Department [DOJ] is getting swept out. The FBI is getting swept out. You people suck, okay? And now you’re going to pay the price for trying to destroy this country.”
“And we’re going to get to the bottom of where are the 600,000 votes. You manufactured them to steal this election from President Trump in 2020,” Bannon exclaimed.
“Think of where the country would be if we hadn’t gone through the last 4 years of your madness. You don’t deserve any respect, you don’t deserve any empathy and you don’t deserve any pity,” he said.
“And if anybody gives it to you it’s Donald J. Trump because he’s got a big heart and he’s a good man. A good man you’re going to still try and put in prison on the 26th of this month, this is how much you people suck,” Bannon said.
“You tried to destroy his business and he came back in the greatest show of political courage in world history,” Bannon exclaimed. “What he has done is a profile in courage.”
“No one speaks for the President but the president, and what the president said and as he said it last night on the stage is that he’s going to be a president for everybody, and we’ve got an opportunity right now to unify the country to bring this country back together,” Lewandowski, a senior adviser on Trump’s 2024 campaign, responded to The Hill.
“Listen, there’s going to be a lot of hyperbole out there; there’s going to be a lot of people saying they know Donald Trump or speak for him,” he said. “Unless you hear it from Donald Trump, you don’t have to listen to what these other people say.”
END
John Fetterman Calls Constituents ‘Dipshits’ For How They Voted In Post-Election Rage Tweet
Thursday, Nov 07, 2024 – 10:10 PM
Among the chorus of unhinged outrage, name calling and mental breakdowns post President Trump’s massive landslide victory on Tuesday, Walmart fashion model and Democratic U.S. Senator John Fetterman added his own ‘special’ brew of insanity to the mix on Thursday when he called his constituents ‘dipshits’.
Tweeting about the ongoing Senate race in Pennsylvania, where Republican Dave McCormick has already declared victory (and has been called the winner by AP) while three term incumbent Democrat Bob Casey has yet to concede and is pushing for a recount, Fetterman tweeted that “Pennsylvania is going to count every last vote.”
“That’s not controversial—that’s the law,” he wrote, before finishing his deep thought with “Also, Green dipshits’ votes helping elect the GOP.”
The comment comes hours after the Democrats lost in a landslide, with some Democratic strategists coming to terms with the fact that the party has lost the country because it constantly insults and lectures them.
“I’m going to speak some hard truths to my friends in the Democratic Party. This is not Joe Biden’s fault. It’s not Kamala Harris’ fault. It’s not Barack Obama’s fault — it is the fault of the Democratic Party in not knowing how to communicate effectively to voters,” Democratic strategist Julie Roginsky said on CNN on Wednesday.
Apparently, Fetterman did not get that memo.
For those looking to keep track of what other consequential impacts Fetterman has had on his party, he also appeared on the Joe Rogan podcast and was completely unable to muster up any type of coherent excuse for Democrats’ horrific job on the border over the last 4 years.
Keep up the great work, John.
END
NYC Mayor Ends Food Vouchers For Illegals, Ready To Work With Trump
Friday, Nov 08, 2024 – 10:35 AM
Facing an influx of illegal immigrants, Democratic New York City Mayor Eric Adams said he’d be happy to share ideas on the crisis with President-elect Donald Trump.
At a post-election press conference, Adams said New York now hosts 220,000 illegal immigrants and has received negligible support from the federal government.
“I want to see the federal government fix a federal problem. This is a federal problem,” Adams said when asked what help he would like to see.
It is estimated that feeding and housing the illegal immigrants for three years will cost the city $10 billion.
New York Gov. Kathy Hochul has allocated $2.4 billion for this year.
Which is perhaps why the NYC mayor said the city will phase out out a program that gave prepaid debit cards to migrant families in city-funded hotels to purchase their own meals and essentials, according to CBS News New York.
The program will provide migrant families with debit cards until the end of the year. After that, the city will deliver food directly to migrants.
“As we move towards more competitive contracting for asylum seeker programs, we have chosen not to renew the emergency contract for this pilot program once the one-year term concludes. For over two years, we have provided care to more than 222,000 migrants while saving $2 billion in asylum seeker-related costs,” Adams said in a statement.
“We will continue to implement and learn from innovative pilot programs like the immediate response cards program as we care for hundreds of new arrivals every week.”
Adams said he planned to call Trump but had not done so because the president-elect is likely flooded with calls at the moment.
“I communicated with the president yesterday to state that there are many issues here in the city that we want to work together with the administration to address,” Adams said.
“The city must move forward, and that is what our call is to do.”
He said that if the new president would be willing to listen, he would happily share his ideas and experiences.
As The Epoch Times’ Oliver Mantyk reports, Adams has voiced disappointment with being unable to deport illegal immigrants who are repeat offenders after a number of violent criminals landed back on the streets after arrest.
The mayor has also been critical of the Biden administration’s handling of the border. According to Adams, his administration took 10 trips to Washington to negotiate a solution. Plans for a statewide “decompression plan” to involve more counties in helping the immigrants are also underway.
Though Trump’s platform promised to secure the border and deport illegal immigrants, New York’s sanctuary city laws would make it harder for the Trump administration to detain illegal immigrants there. The laws prevent police from assisting U.S. Immigration and Customs Enforcement agents in many cases, and protect illegal immigrants from deportation.
At the press conference, the Adams administration reaffirmed its commitment to sanctuary laws.
Commissioner Manuel Castro, head of the Mayor’s Office of Immigrant Affairs, said:
“As a sanctuary city, we intend to follow the law. And we expect that all our city agencies follow our sanctuary laws. … And we will continue to be a sanctuary city, and protect our immigrant communities.”
Castro stated that the most harmful thing facing immigrant communities right now is fear and misinformation. He maintained that immigrants will get the help and information that they need.
When asked about any policy changes now that a possibly more supportive president will be in office, the mayor said that nothing would change, and that his administration would continue on the path it has taken with the Biden administration. He’s been advocating that big cities like New York should not be taking the brunt of the crisis, and that changes must be made, and support given.
END
Jack Smith Tucks Tail, Halts Trump Case As House GOP Demands He ‘Preserve Records’
Special Counsel Jack Smith has moved to pause his case against Donald Trump and vacate all remaining deadlines his federal J6 case.
What’s more, he’s been asked to preserve records for a GOP investigation.
As Jonathan Turley notes, the election reflected a certain gag sensation for a public fed a relentless diet of panic and identity politics for eight years.
The 2024 election will come to be viewed as one of the biggest political and cultural shifts in our history.
It was the mainstream-media-versus-new media election; the Rogan-versus-Oprah election; the establishment-versus-a-disassociated-electorate election.
It was also a thorough rejection of lawfare. One of the things most frustrating for Trump’s opponents was that every trial or hearing seemed to give Trump a boost in the polls. As cases piled up in Washington, New York, Florida and Georgia, the effort seemed to move more toward political acclamation than isolation.
These cases are now legal versions of the Flying Dutchman — ships destined to sail endlessly but never make port.
If there is a single captain of that hapless crew, it is Special Counsel Jack Smith.
For more than a year, Smith sought to secure a verdict in one of his two cases in Washington and Florida before the election. His urgency was seemingly shared by Judge Tanya Chutkan in Washington, but by few other judges or justices.
Around 2 am, Smith became a lame-duck prosecutor.
Trump ran on ending his prosecutions and can cite a political mandate for it. Certainly, had he lost, the other side would be claiming a mandate for these prosecutions.
GREG HUNTER
SEE YOU MONDAY
harveyorganblog.com 
