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FROM MY no 4 SON STEPHEN //THROUGH AI: ENJOY
099 H DEUTSCHE BANK AG 273
118 C MACQUARIE FUTURES US 5
118 H MACQUARIE FUTURES US 164
167 C MAREX 152
323 C HSBC 30
332 H STANDARD CHARTERED B 3
363 H WELLS FARGO SECURITI 36
435 H SCOTIA CAPITAL (USA) 8
624 H BOFA SECURITIES 9
657 H MORGAN STANLEY 5
661 C JP MORGAN SECURITIES 6 4
732 C RBC CAP MARKETS 2
737 C ADVANTAGE FUTURES 1 2
880 C CITIGROUP 13
905 C ADM 7
GOLD: NUMBER OF NOTICES FILED FOR SEPT/2025: 360 CONTRACTs NOTICES FOR 36,000 OZ or 1.1197 TONNES
total notices so far: 3986 contracts for 398,600 OR 11.293 tonnes)
SILVER NOTICES: 11,293 NOTICE(S) FILED FOR 3.795 OZ/
total number of notices filed so far this month : 11,293 CONTRACTS (NOTICES) for 56.465 million oz
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 17.200 MILLION OZ.
AND JULY: 46.720 MILLION OZ//
AUGUST: 4.70 MILLION OZ INITIAL STANDING PLUS TODAY;S 5,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 10.960 MILLION OZ
SEPTEMBER: 58.3150 MILLION OZ NORMAL DELIVERY PLUS 3.0 MILLION OZ EX FOR RISK = 61.3650 MILLION OZ. THIS IS THE FIRST ISSUANCE OF EXCHANGE FOR RISK FOR SILVER SINCE MAY.
AUGUST: 60.547 TONNES OF INITIAL GOLD FIRST DAY NOTICE FOLLOWED BY THE NET MONTH’S QUEUE JUMP OF 47.2312 TONNES TO WHICH WE ADD THE FOLLOWING EXCHANGE FOR RISK ISSUANCE RECEIVED FOR THE MONTH: 5.4432 TONNES EX FOR RISK/AUG 7 , AUG 11: 2.413 TONNES EX FOR RISK AND AUG. 12 OF 2.637 TONNES EX FOR RISK//AUG 25: 9.107 TONNES , AUGUST 26: 9.1010 TONNES ANND NOW AUGUST 27: 9.0699 TONNES//NEW STANDING ADVANCES TO 107.5117 TONNES OF GOLD NORMAL STANDING (INCLUDES ALL MONTHLY QUEUE JUMPS/EX FOR PHYSICAL TRANSFERS//) +44.696 TONNES EX.FOR RISK = 152.208 TONNES
AND NOW SEPT: INITIAL 8.093 TONNES OF GOLD PLUS TODAY’S QUEUE JUMP OF 0.0155 TONNES PLUS 0.9548 TONNES OF EXCHANGE FOR RISK TODAY//NEW TOTAL EX. FOR RISK/MONTH = 9.586//NEW TOTAL STANDING FOR GOLD SEPT ADVANCES TO = 22.1586 TONNES!!
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STILL SMALL TO FAIR
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 175.86 TONNES A LOT LARGER THIS MONTH.
SEPT. 30.205 TONNES
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 APRIL. 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 MEGA HUGE 1273 CONTRACTS OI TO 157,925 AND CLOSER TO 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 7 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 630 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 630 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 630 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 1417 CONTRACTS AND ADD TO THE 630 E.FP. ISSUED
WE OBTAIN A MEGA HUGE SIZED GAIN OF 1903 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN IN PRICE OF $0.35 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 9.515 MILLION PAPER OZ
OCCURRED WITH OUR $0.35 GAIN IN PRICE.
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENT
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
ASIAN MARKETS THIS MONDAY MORNING:
SHANGHAI CLOSED DOWN 19.55 PTS OR 0.51%
//Hang Seng CLOSED UP 278.33 PTS OR 1.09%
// Nikkei CLOSED DOWN 184.52 PTS OR 0.42% //Australia’s all ordinaries CLOSED DOWN .51%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1279 OFFSHORE CLOSED UP AT 7.1232/ Oil UP TO 62.92 dollars per barrel for WTI and BRENT DOWN TO 66.70 Stocks in Europe OPENED ALL MOSTLY GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1279 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1232 AGAINST US DOLLAR/ AND THUS STRONGER
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END
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 FAIR SIZED 2128 CONTRACTS TO 503,285 OI WITH OUR HUGE GAIN IN PRICE OF $41.40 WITH RESPECT TO MONDAY’S // TRADING.. WE OF COURSE, LOST NO NET LONGS, WITH THAT PRICE GAIN FOR GOLD. AND AS YOU WILL SEE BELOW, OUR GAIN IN PRICE ALSO HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3145). WE HAD ZERO T.A.S. LIQUIDATION AS WE HAD A TOTAL GAIN IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 5273 CONTRACTS (OR 16.401 TONNES).THEN WE WERE NOTIFIED, THAT WE HAD A 307 CONTRACT EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 30,700 OZ (0.9548 TONNES).
HERE IS A CLOSER LOOK AT EXCHANGE FOR RISK ISSUANCES THESE PAST 3 MONTHS;
JULY:
SUMMARY: EXCHANGE FOR RISK ISSUANCE IN JULY/2025: 2 ISSUANCES//3.75 TONNES
ON WEDNESDAY MORNING,JULY 23, MUCH TO MY SHOCK, AFTER A TWO MONTH HIATUS,THE CME ANNOUNCED A 500 EXCHANGE FOR RISK CONTRACT ISSUANCE FOR 50,000 OZ OR 1.555 TONNES. THEN JULY 30 THE CME ANNOUNCED (ISSUED) MUCH TO MY HORROR ITS SECOND EXCHANGE FOR RISK FOR 706 CONTRACTS OR 70,600 OZ (2.195 TONNES) AS THE BANK OF ENGLAND WAS NOT SATISFIED AND NEEDS MORE GOLD TO COVER ITS LEASES TO BULLION BANKS. ( IT WAS NOT THE FRBNY WHO ALSO OWES GOLD TO THE BIS AND THEY NEED TO COVER BADLYAS YOU WILL SEE).THE TOTAL EXCHANGE FOR RISK FOR THE MONTH OF JULY WAS RECORDED AT 3.750 TONNES OF GOLD WHICH WAS ADDED TO OUR REGULAR DELIVERY TO GIVE US OUR FINAL TOTALS FOR JULY!
AUGUST:
SUMMARY EXCHANGE FOR RISK ISSUANCE IN AUGUST; 7 ISSUANCES//44.696 TONNES
AUGUST: 7 ISSUANCES FOR A MONTHLY MONSTER 14,370 CONTRACTS OR 1,437,000 OZ ( 44.696) TONNES). LAST TUESDAY THE CME ISSUED THE 2ND HIGHEST EVER MONTHLY RECORDED ISSUANCE OF 2924 CONTRACTS AND THIS IS FOLLOWED BY THURSDAY’S HUGE ISSUANCE OF 2226 CONTRACTS THUS BECOMING THE 4TH HIGHEST EVER RECORDED BY THE CME, SLIGHTLY BELOW WEDNESDAY’S ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.
SEPT:
SEPTEMBER: THREE ISSUANCES SO FAR TOTALLING 3082 CONTRACTS OR 308,200 OZ OR 9.5863 TONNES.
THESE ISSUANCES WILL OF COURSE BE ADDED TO OUR NORMAL DELIVERIES TO GIVE US OUR TOTAL SEPT STANDING FOR GOLD.
HISTORY: LAST 8 MONTH’S EXCHANGE FOR RISK
IN FEBRUARY:
WE HAD A HUGE FIVE EXCHANGE FOR RISKS ISSUANCES FOR GOLD, TOTALLING 18.4527 TONNES!.
IN MARCH:
THE TOTAL NO. OF EXCHANGE FOR RISK ISSUANCE FOR THE MONTH OF MARCH (3 NOTICES) EQUALED: 7.6179 TONNES OF GOLD WHICH WAS ADDED TO OUR MARCH DELIVERY TOTALS.
IN APRIL:
WE CONCLUDED APRIL WITH 7 ISSUANCE OF EXCHANGE FOR RISK FOR A TOTAL TONNAGE OF 8.3571 TONNES.
IN MAY:
MAY: 3 EX. FOR RISK ISSUED SO FAR FOR 3025 CONTRACTS OR 302,500 OZ OR 9.4054 TONNES. THIS WILL BE ADDED TO OUR NORMAL DELIVERY TO GIVE US TOTAL STANDING FOR MAY!THIS IS THE 6TH CONSECUTIVE MONTH FOR ISSUANCE OF EXCHANGE FOR RISK//NEW TOTAL EX FOR RISK IS 9.591 TONNES FOR THE 3 ISSUANCE!
IN JUNE
JUNE: ZERO ISSUED
jULY: 2 OCCASIONS LATE IN JULY: 1206 CONTRACTS FOR 120,600 OZ OR 3.750 TONNES/ISSUED JULY 23/2025 AND JULY 30/2025
AUGUST: 7 ISSUANCES FOR A MONTHLY MONSTER 14,370 CONTRACTS OR 1,437,000 OZ ( 44.696) TONNES).LAST TUESDAY THE CME ISSUED THE 2ND HIGHEST EVER MONTHLY RECORDED ISSUANCE OF 2924 CONTRACTS AND THIS IS FOLLOWED BY THURSDAY’S HUGE ISSUANCE OF 2226 CONTRACTS THUS BECOMING THE 4TH HIGHEST EVER RECORDED BY THE CME, SLIGHTLY BELOW YESTERDAY’S ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.
SEPTEMBER: THREE ISSUANCES FOR 3082 CONTRACTS SO FAR FOR 308,200 OZ OR 9.586 TONNES OF GOLD!!
AS I EXPLAINED ABOVE,:THE RECIPIENT OF EXCHANGE FOR RISK COULD BE EITHER:
- THE BANK OF ENGLAND WHO CONTINUES TO LEASE OUT ITS GOLD TO BULLION BANKS
- THE FEDERAL RESERVE BANK OF NEW YORK (NEED TO RETRIEVE THEIR LEASED GOLD FROM THE BIS)
THE COUNTERPARTY TO EITHER THE BANK OF ENGLAND’S OR THE FRBNY ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED. THE BUYER, REPRESENTING THE CENTRAL BANK OF ENGLAND OR THE FRBNY, ASSUMES THE RISK OF THAT DELIVERY. THIS IS THE 9TH MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!.(DEC THROUGH SEPT//ONLY MISSING JUNE.)……… THE FACT THAT A CENTRAL BANK TAKES THE RISK OF A DELIVERY IS TOTALLY INSANE.
DETAILS ON AUGUST COMEX MONTH//FINAL
IN TOTAL WE HAD A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 5273 CONTRACTS WITH OUR STRONG GAIN IN PRICE. HOWEVER, OUR FRIENDLY PHYSICAL LONDON BOYS HAD ANOTHER FIELD DAY AGAIN THROUGHOUT OF THE WEEK AS THEY WERE READY FOR THE FRBNY.S CONTINUED ORCHESTRATED ATTACKS VERY EARLY IN THE COMEX SESSIONS AS THEY TRIED TO ABSORB EVERYTHING IN SIGHT FROM THEIR DAILY ATTACKS. LONDONERS EXERCISED THEIR BOUGHT CONTRACTS FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE AND THANKED THE FRBNY FOR THE THOUGHTFULNESS. LONDON ANNOUNCED EARLY IN THE YEAR (AND SCARCITY CONTINUES TO THIS DAY) THAT THEY WERE OUT OF GOLD. WRONGLY IT WAS ATTRIBUTED TO THEIR SHIPPING PHYSICAL GOLD TO COMEX FOR STORAGE DUE TO TRUMP’S INITIATION OF TARIFFS. THE TRUTH OF THE MATTER IS THAT THIS GOLD LEFT LONDON TO CENTRAL BANKS, AND COMEX BANKS HAVE BEEN PAPERING THEIR LOSSES (DERIVATIVE) WITH KILOBAR ENTRIES. DELIVERY OF GOLD CONTRACTS ARE NOW TAKING SEVERAL WEEKS. NO DEFAULT HAS BEEN INITIATED AS DEALERS ARE AFRAID OF LOSS OF THEIR JOBS. SO THIS FRAUD CONTINUES. THE LEASE RATES IN LONDON HAVE NOW INCREASED TO 5.0% LATELY AS GOLD IN LONDON IS STILL EXTREMELY SCARCE.
THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THE MONTHS OF JUNE THROUGH SEPTEMBER CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER IS HOWEVER A FAIR T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 1802 T.A.S CONTRACTS. THESE T.A.S ISSUANCES ARE USED FOR RAID PURPOSES TO STOP GOLD’S RISE AND TO TEMPER HUGE LOSSES IN OTC DERIVATIVE BETS AND IT WAS IN FULL FORCE DESPERATELY TRYING TO STOP GOLD’S ADVANCE AND THIS ENDS IN FAILURE. FOR THE FIRST TIME EVER, THEY FAILED TO RAID AT MONTH’S END AUGUST COMEX AND OTC/LONDON LBMA EXPIRY!!
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS (ALONG WITH AUGUST MONTH- END SPREADERS) IS THE REASON WHY WE ARE HAVING DISTORTED COMEX OPEN INTEREST GAINS AND LOSSES IN OI BUT THIS IS COUPLED WITH MEGA HUGE AMOUNTS OF GOLD STANDING FOR DELIVERY TO CONFUSE THE ISSUE!!!!! AND THIS WAS SURELY ON DISPLAY WITH FIRST DAY NOTICE TOTALS WITH GOLD TONNES STANDING FOR THE FOLLOWING MONTHS:
FOR APRIL AT 209 + TONNES INCLUDING MANY MASSIVE QUEUE JUMPS AND THIS CONTINUED INTO MAY WITH FINAL STANDING AT 90.23 TONNES.
JUNE WHICH IS A HUGE DELIVERY MONTH , FINAL STANDING WAS RECORDED AT A STRONG 93.085 TONNES. (IS THE COMEX RUNNING OUT OF GOLD?)//TOTAL NET QUEUE JUMPING FOR THE JUNE MONTH: 31.027 TONNES.
IN JULY WE HAD HUGE DELIVERY NOTICES ESPECIALLY FOR A NON ACTIVE DELIVERY MONTH WITH INITIAL STANDING AT 17.947 TONNES PLUS MANY QUEUE JUMPS + 3.75 TONNES EX FOR RISK = 41.106 TONNES OF GOLD // FINAL TOTAL TONNES STANDING JULY: 41.106 TONNES
FOR THE MONTH OF AUGUST:
INITIAL AMOUNT OF GOLD STANDING FOR AUGUST: 60.547 TONNES PLUS THE MONTHS HUGE QUEUE JUMPS OF 47.2312 TONNES +44.696 TONNES EX FOR RISK (7 ISSUANCES) //NEW STANDING 152.208 TONNES
AND NOW INITIAL AMOUNT OF GOLD STANDING FOR SEPT; INITIAL STANDING; 2,602 CONTRACTS OR 260,200 OZ FOR 8.093 TONNES OF GOLD FOLLOWED BY TODAY’S 0.0155 TONNES QUEUE JUMP TO GO ALONG WITH THE 0.9548 TONNES OF EXCHANGE FOR RISK ISSUANCE TODAY AND // TOTAL EXCHANGE FOR RISK ISSUANCE SEPT: 9.586 TONNES//NEW TOTALS STANDING ADVANCES TO 22.1586 TONNES OF GOLD!!!
THE FED IS THE OTHER MAJOR SHORT OF AROUND 34+ 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 NOW THAT THEY MUST BECOME COMPLIANT TO BASEL III RULES JULY 1/2023 AS OUTLINED IN ANDREW MAGUIRE’S LATEST LIVE FROM THE VAULT 231 TO 239 EPISODES AS HE TACKLES THIS IMPORTANT TOPIC. THE MAJOR FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE SHORT EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE THESE PAST THREE MONTHS. THEY ARE TOTALLY TRAPPED., AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY!IT SURE DOES NOT LOOK LIKE THE BIS HAS GIVEN THE FED ITS MARCHING ORDERS TO COVER ITS PHYSICAL GOLD SHORT AS THEIR OUTSTANDING LOAN REMAINS ON THE BOOKS OF THE BIS. TRUMP WILL PROBABLY BE FURIOUS WITH THE FED IF HE FINDS OUT THAT THEY (FRBNY) HAS BEEN MANIPULATING THE GOLD MARKET FOR THE PAST TWO YEARS. THE FRBNY IS NOW NON COMPLIANT WITH RESPECT TO BASEL III BUT IT IS NOT NECESSARY FOR THEM TO BE COMPLIANT ONLY COMMERCIAL BANKERS MUST BE.
OUR PHYSICAL LONDONERS BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT ANY PRICE AND THIS GOLD BOUGHT WILL BE TENDERED FOR PHYSICAL ON A T + ???? BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD IS SUPPOSED 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.
EUROPE IS NOW BASEL III COMPLIANT. THE WEST ( COMEX) IS NOW COMPLIANT EFFECTIVE JULY 1//2025.
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 OUR TWO SPREADERS: 1) THE MONTH END SPREADERS AND 2. T.A.S DURING THESE PAST SEVERAL WEEKS IS SURELY DISTORTING COMEX OPEN INTEREST BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN ALSO 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, AND THE MASSIVE AMOUNT OF GOLD STANDING EACH AND EVERY MONTH INCLUDING FIRST DAY NOTICE OF GOLD TONNAGE STANDING.
SUMMARY AUGUST: TOTAL QUEUE JUMPING AND TOTAL EXCHANGE FOR RISKS ISSUANCE FOR THE MONTH OF AUGUST;
WE HAD A HUGE 60.547 TONNES OF INITIAL GOLD STANDING FOR AUGUST, FIRST DAY NOTICE FOLLOWED BY THE MONTHS HUGE TOTAL OF 47.2312 TONNES OF QUEUE JUMPS TO WHICH WE ADD AUGUST 7TH,S HUGE 5.443 TONNES EXCHANGE FOR RISK ISSUANCE +LAST SATURDAY’S/MONDAY AUG 10 HUGE 776 CONTRACT EXCHANGE FOR RISK FOR 2.413 TONNES THEN AUGUST 12: 2.637 TONNES: AND NOW AUG 25: 9.107 TONNES ISSUANCE MONDAY’S MASSIVE 9.1016 TONNES ISSUANCE/AUGUST 25, AUGUST 26 9.0699 TONNES , YESTERDAYDAY’S (AUGUST 27) 9.0699 TONNES AND FINALLY TODAY’S TODAL OF 6.923 TONNESS/NEW STANDING ADVANCES TO 152.208 TONNES.
SUMMARY SO FAR SEPT: 8.093 TONNES INITIALLY STANDING FOR GOLD COUPLED WITH TODAY;S 0.0155 TONNES QUEUE JUMP AND 0.9548 TONNES TODAY// NEW TOTALS OF 9.586 TONNES OF EXCHANGE FOR RISK ISSUANCE/:
THAT IS;
A) 0.9548 TONNES OF EXCHANGE FOR RISK ISSUANCE TODAY + 8.6312 TONNES EX FOR RISK PRIOR =//TOTAL FOR MONTH: 9.586 TONNES EX FOR RISK!!
B) 0.0155 TONNES TODAY QUEUE JUMP
TOTALS: 22.1586 TONNES INITIALLY STANDING FOR GOLD/SEPT.
EXCHANGE FOR PHYSICAL ISSUANCE/SEPTEMBER
THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG SIZED 3145 EFP CONTRACT WAS ISSUED: : /DEC 3145 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3145 CONTRACT. 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 GENERALLY DELIVERED COMES FROM LONDON BUT THEY ARE OUT!! THUS COMEX BECOMES THE MAJOR SOURCE FOR OUR CENTRAL BANKERS. THE REGULATORY BODY THAT IS SUPPOSE TO CONTROL THESE EFP’S IS THE OCC HEADQUARTERED IN BOTH LONDON AND WASHINGTON.
WE HAD :
- ZERO LIQUIDATION OF OUR T.A.S. SPREADERS//MONDAY
- MONTH END SPREADERS HAVE NOW BEEN FINALIZED AS OF AUGUST 29 AND THEY FOR THE FIRST TIME CAUSED NO DAMAGE TO OUR GOLD PRICE
T.A.S.SPREADER ISSUANCE//SEPT.
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 MONDAY NIGHT/TUESDAY MORNING WAS A FAIR SIZED SIZED 1802 CONTRACTS
THE RAIDS WHETHER ON OPTIONS EXPIRY MONTH OR OTHERWISE LIKE LAST MONTH ON OPTIONS EXPIRY WEEK ACCOMPLISHES TWO IMPORTANT ASPECTS FOR OUR CROOKS:
- STALLS THE ADVANCE IN PRICE
- LOWERS THEIR ADVANCING DERIVATIVE LOSSES.
MECHANICS OF T.A.S CONTRACTS TRADING; (AND MONTH END SPREADERS)
THROUGHOUT THE FEW YEARS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD (T.A.S.) 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..
THAT SET UP YESTERDAY’S STRONG GAIN IN PRICE IN GOLD AND A CORRESPONDING HUGE GAIN OF COMEX OI AND A STRONG EXCHANGE FOR PHYSICAL ISSUANCE.. THE COMEX IS IN TOTAL TURMOIL ESPECIALLY THESE PAST 3 MONTHS ESPECIALLY WITH THE FOLLOWING;
- WITH JULY’S RARE TWO ISSUANCES OF EXCHANGE FOR RISK (LATE IN JULY)
2) AND THIS WAS FOLLOWED WITH AUGUST’S 7 ISSUANCES OF EXCHANGE FOR RISK FOR 44.696 TONNES
3) TO BE FOLLOWED BY SEPTEMBER’S 3 ISSUANCES FOR EXCHANGE FOR RISK FOR 9.586 TONNES.
STANDING FOR GOLD LAST 8 MONTHS OF 2025:
YEAR 2025:
JAN 2025:
113.30 TONNES (WHICH INCLUDES 43.408 TONNES EX FOR RISK)
FEB: 2025:
256.607 TONNES (WHICH INCLUDES 18.4567 TONNES OF EX FOR RISK)
MARCH:
STANDING FOR GOLD : 60.33 TONNES + 7.6179 TONNES EX FOR RISK = 67.9479 TONNES WHICH IS EXTREMELY HIGH FOR A NON DELIVERY MONTH.
APRIL:
FINAL STANDING FOR GOLD: 201.573 TONNES + 8.3571 TONNES EX FOR RISK = 209.953 TONNES
MAY: FINAL STANDING 90.235 TONNES WHICH INCLUDES QUEUE JUMPING AND 9.591 TONNES EX FOR RISK.
JUNE: FINAL STANDING 62.534 TONNES PLUS 0.1493TONNES OF QUEUE JUMP EQUALS 93.085 TONNES
JULY: 17.947 TONNES INITIAL STANDING FIRST DAY NOTICE PLUS TODAY’S 0 TONNES QUEUE JUMP + 1.555 TONNES EX FOR RISK/PRIOR + 2.195 EX FOR RISK TODAY = = 41.106 TONNES
AUGUST:INITIAL AMOUNT OF GOLD STANDING: 60.547 TONNES FOLLOWED TO TODAY’S QUEUE JUMP OF 0.5816TONNES TO WHICH WE ADD OUR 7 MONTHLY ISSUANCES OF: EXCHANGE FOR RISK TOTALLING 44.696 TONNES//NEW STANDING ADVANCES AS FOLLOWS:
107.5117 TONNES NORMAL DELIVERIES (INCLUDES ALL QUEUE JUMPS /EXCHANGE FOR PHYSICAL TRANSFERS) +
5.4432 TONNES EXCHANGE FOR RISK/PRIOR/AUGUST 7
2.413 TONNES EXCHANGE FOR RISK AUGUST 11
PLUS 2.637 TONNES EX FOR RISK AUGUST 12
PLUS: 9.107 TONNES EX FOR RISK AUGUST 25
PLUS 9.1010 TONNES EX FOR RISK AUGUST 26!!
PLUS 9.0699 TONNES EX FOR RISK AUGUST 27
PLUS 6.923 TONNES EX. FOR RISK/AUGUST 28
MONTHLY TOTAL 44.696 TONNES EXCHANGE FOR RISK!MONTH OF AUGUST.
EQUALS
152.208 TONNES TONNES OF GOLD.
AND NOW SEPT:
SEPT: 12.600 TONNES OF GOLD (INCLUDES TODAY’S QUEUE JUMP) + 0.9548 TONNES EX FOR RISK TODAY+ 8.6312 TONNES EX FOR RISK PRIOR =_//TOTAL EX FOR RISK// FOR MONTH = 9.586//NEW TOTALS FOR GOLD STANDING SEPT = 22.1586 TONNES
THIS IS HUGE FOR A GENERALLY WEAK SEPTEMBER DELIVERY MONTH.
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 48 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: STANDING FOR GOLD/COMEX
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:STANDING FOR GOLD/COMEX
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/STANDING FOR GOLD/COMEX
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/= 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 =60.391 TONNES
NOV . 11.265 TONNES +4.665 TONNES EXCHANGE FOR RISK/TUESDAY + 3.11 TONNES OF EX. FOR RISK/PRIOR = 19.0425 TONNES
DEC: 80.4230 TONNES PLUS DEC MONTH EXCHANGE FOR RISK TOTAL 14.6836 TONNES EQUALS 95.1066 TONNES
total year 2024: 540.30 tonnes
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COMEX GOLD TRADING BEGINNING SEPTEMBER CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A HUGE $41.40./ /) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A STRONG SIZED GAIN IN OI FROM TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD ZERO T.A.S. SPREADER LIQUIDATION AND THAT GAIN IN OI FOR OUR TWO EXCHANGES WAS DUE TO THE LONGS PILING IT ON TRYING TO OBTAIN BADLY NEEDED GOLD///. THE BANKERS ARE QUITE NERVOUS ABOUT BASEL III WITH ITS IMPLEMENTATION COMMENCING JULY 1. THEY ARE VERY CONCERNED WITH THEIR HIGH AMOUNT OF DERIVATIVES LOSSES ON THEIR BOOKS. THUS THE REASON THEY NEEDED THESE T.A.S. ISSUANCES (WHICH ARE JOINED BY OUR MONTHLY SPREADERS IN ORDER TO FORMALIZE RAIDS ON OUR PRECIOUS METALS) WHICH OF COURSE NORMALLY ENDS IN TOTAL FAILURE LIKE IT DID WITH LAST WEEK AND THIS WEEKS’S TRADING!! THIS IS THE FIRST TIME THAT THE CROOKS COULD NOT MUSTER A RAID ON OPTIONS EXPIRY LONDON/OTC AUGUST TRADING. THEIR RAID ON OUR PRECIOUS METALS CAUSED NO DAMAGE TO OUR PRICE.
TUESDAY MORNING//MONDAY NIGHT
THE CROOKS HOWEVER COULD NOT STOP CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL MONDAY EVENING/ TUESDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD TO ARRIVE BY BOAT. IT IS NOW TAKING WEEKS TO DELIVER
DETAIL SUMMARY OF NUMBER OF EXCHANGE FOR RISK ISSUANCES: FEB THROUGH SEPTEMBER TRADING:
EXCHANGE FOR RISK CONTRACTS/MONTH FOR FEBRUARY://FINISHES AT 4 ISSUANCES
THE CME ANNOUNCED TO THE WORLD THAT ON FEB 4 THEY ISSUED 100 CONTRACTS OF EXCHANGE FOR RISK TTO THE BANK OF ENGLAND.THEN ,FEB 4 THEY ISSUED THEIR SECOND CONSECUTIVE EXCHANGE FOR RISK OF 500 CONTRACTS FOR 50,000 OZ (1.555 TONNES OF GOLD. FEB 6 WAS THE THIRD ISSUANCE FOR A HUGE 2400 CONTRACTS, 240,000 OZ OR 7.465 TONNES. AND THEN FINALLY FRIDAY NIGHT, THE 4TH EXCHANGE FOR RISK WAS ISSUED REPRESENTED BY 2834 CONTRACTS OR 283,400 OZ OR 8.8149 TONNES OF GOLD WITH THE OWNER OF THOSE CONTRACTS BEING THE BANK OF ENGLAND. THE BANK OF ENGLAND WANTS THEIR GOLD BACK. THIS NEW EXCHANGE FOR RISK WAS ADDED TO PREVIOUS EXCHANGE FOR RISK OF 9.3264 TONNES TO A NEW TOTAL EXCHANGE FOR RISK = 18.1413 TONNES. IN MID WEEK WE HAD ANOTHER .3114 TONNES OF EXCHANGE FOR RISK ISSUANCED//NEW TOTAL 18,4527 TONNES!..FINALLY THIS TOTAL WAS ADDED TO OUR REGULAR DELIVERIES THROUGH THE MONTH. FEBRUARY IS THE SECOND HIGHEST ISSUANCE OF EXCHANGE FOR RISK AS AUGUST BECOMES THE HIGHEST EVER RECORDED AS YOU WILL SEE BELOW!
EXCHANGE FOR RISK CONTRACTS/MONTH FOR MARCH 3 ISSUANCES
EARLY IN THE DELIVERY CYCLE THE CME NOTIFIED US THAT WE HAD OUR FIRST EXCHANGE FOR RISK CONTRACT ISSUANCE IN MARCH FOR 150 CONTRACTS REPRESENTING 15,000 OZ OF GOLD OR .46656 TONNES. THE BANK OF ENGLAND WAS STILL NOT SATISFIED AS THEY NEED TO RETRIEVE ALL OF ITS LOST GOLD THROUGH LEASING! THE 15,000 OZ WAS ADDED TO OUR NORMAL DELIVERY TOTAL.
MARCH ISSUES IT’S THIRD EXCHANGE FOR RISK: TOTAL FOR THE MONTH FINISHED AT 3
TOTAL ISSUANCE OF EXCHANGE FOR RISK MARCH 28 TOTALS 2200 CONTRACTS FOR 6.8429 TONNES OF GOLD. PRIOR ISSUANCE: .7775 TONNES. THUS TOTAL EXCHANGE FOR RISK FOR MARCH : 7.6179 TONNES OF GOLD. MARCH BECOMES THE 4TH CONSECUTIVE MONTH FOR EXCHANGE FOR RISK ISSUANCE.
APRIL, ISSUED ITS 7TH EXCHANGE FOR RISK: 187 CONTRACTS OR 18,700 OZ OR 0.5816 TONNES
SUMMARY EXCHANGE FOR RISK FOR THE MONTH OF APRIL//TOTAL ISSUANCES 7 FOR 8.3571 TONNES OF GOLD!:
ISSUANCE FOR EXCHANGE FOR RISK ON FIRST DAY NOTICE//APRIL MONTH// WAS 700 CONTRACTS FOR 70,000 OZ OR 2.177 TONNES OF GOLD TO WHICH WE ADD (APRIL 4) : 250 CONTRACTS FOR 25,000 OZ OR .777 TONNES, APRIL 7 ISSUANCE OF 280 CONTRACTS FOR 28,000 OZ OR .8709 TONNES THEN APRIL 9 484 CONTRACTS FOR 48400 OZ OR 1.5054 TONNES AND FINALLY MONDAY MORNING APRIL 14 AT 200 CONTRACTS FOR 20,000 OZ OR .5816 TONNES AND NOW APRIL 24: 600 CONTRACTS FOR 60,000 OZ OR 1.866 TONNES AND NOW APRIL 25 187 CONTRACTS FOR 18700 OZ OR .5816 TONNES//NEW FINAL TOTAL ISSUANCE FOR APRIL: 8.3571 TONNES!!. APRIL ISSUANCE OF EXCHANGE FOR RISK MEANS WE NOW HAD 5 CONSECUTIVE MONTHS FOR EXCHANGE FOR RISK ISSUANCE. THESE DELIVERIES WERE ADDED TO OUR NORMAL DELIVERY CYCLE.
MAY ISSUANCE: 3
MAY ISSUANCE OF EXCHANGE FOR RISK NOW TOTALS 3 ISSUANCES FOR 308,350 OZ. THIS TOTALS 9.591 TONNES OF GOLD WHICH WILL BE ADDED TO OUR REGULAR DELIVERY SCHEDULE. THE RECIPIENT OF THIS LARGESS IS THE BANK OF ENGLAND.
JUNE ISSUANCE: ZERO
JULY ISSUANCE; AFTER A TWO MONTH HIATUS AFTER AN INITIAL ISSUANCE OF 500 CONTRACTS FOR 50,000 OZ OR 1.555 TONNES OF GOLD (OCCURRED ON JULY 25) THE CME NOTIFIED US OF A SECOND ISSUANCE OF 706 CONTRACTS FOR 70,600 OZ OR 2.195 TONNES WHICH WILL BE ADDED TO OUR OFFICIAL STANDING. THUS 35.176 TONNES OFFICIAL STANDING + 1.555 TONNES EX FOR RISK PRIOR + 2.195 TONNES EX FOR RISK TODAY = 41.106 TONNES OF GOLD STANDING
AUGUST: 7 ISSUED,
TOTAL EXCHANGE FOR RISK MONTH OF AUGUST 44.696 TONNES, THE HIGHEST MONTHLY EVER COMEX ISSUANCE!!!!!!
THUS 107.5117 TONNES OF NORMAL GOLD STANDING (INCLUDING ALL QUEUE JUMPS/EX FOR PHYS TRANSFERS) + 44.696 TONNES EX FOR RISK = 152.208 TONNES.
SEPTEMBER: 3 ISSUED:
THE CME NOTIFIED US THAT OUR THREE ISSUANCES OF EXCHANGE FOR RISK EQUATES TO 3082 CONTRACTS FOR 308,200 OZ OR 9.586 TONNES. WE WILL PROBABLY HAVE A DOOZY FOR SEPT DELIVERIES AS EITHER THE BANK OF ENGLAND OR THE BIS (LOANED TO THE FRBNY) WANTS ITS GOLD BACK+ THE MASSIVE QUEUE JUMPING BY OTHER CENTRAL BANKS IS CERTAINLY ON DISPLAY TODAY’S 0.155 TONNES QUEUE JUMP.
ANALYSIS SEPT DELIVERY MONTH GOING FROM FIRST DAY NOTICE// SEPT COMEX CONTRACT
WE HAVE A STRONG SIZED GAIN TOTAL OF 20.416 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR SEPTEMBER AT 8.093 TONNES. WE HAD THE FOLLOWING QUEUE JUMP OF 0.0155 TONNES OF GOLD ALONG WITH 0.9548 TOTAL TONNES OF EXCHANGE FOR RISK TODAY/// TOTAL FOR MONTH TOTALS EX FOR RISK// MONTH = 9.586//NEW TOTAL STANDING FOR GOLD IN SEPT ADVANCES TO: 22.1586 TONNES.
ALL OF THIS HUGE STANDING FOR SEPTEMBER WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE TO THE TUNE OF $47.10
WE HAD 1291 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL.
NET GAIN ON THE TWO EXCHANGES 5273 CONTRACTS OR 527300 0Z (16.401 TONNES)
confirmed volume MONDAY 256,986 contracts// fair//
speculators have left the gold arena
INITIAL GOLD COMEX
SEPT CONTRACT MONTH
SEPT 9 /2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 entries i) Out of Asahi 97,121.681 oz total withdrawal 97,121.681 oz . |
| Deposit to the Dealer Inventory in oz | 0- |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 1 ENTRIES i) Into Loomis 15,201.520 oz total deposit 15,201.520 oz xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 360 notice(s) 36000 OZ 1.1197 TONNES |
| No of oz to be served (notices) | 65 contracts 6500 OZ 0.2021 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3986 notices 398,600 oz 12.398 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 |
dealer deposits: 0
xxxxxxxxxxxxxxxxxxxxx
DEPOSITS/CUSTOMER 1
Into Loomis 15,201.520 oz
total deposit 15,201.520 oz
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customer withdrawal
1 entries
i) Out of Asahi
97,121.681 oz
total withdrawal 97,121.681 oz
ADJUSTMENTs 1
dealer Brinks to customer account: 30,575.594 oz (951 kilobars)
AMOUNT OF GOLD STANDING FOR SEPTEMBER
THE FRONT MONTH OF SEPTEMBER STANDS AT 425 CONTRACTS FOR A LOSS OF 495 CONTRACTS. WE HAD 500 CONTRACTS FILED ON MONDAY SO WE GAINED A SMALL 5 CONTRACTS OR 500 OZ ENTERTAINED A QUEUE JUMP OF 0.0155 TONNES. WE NOW MUST ADD TO OUR INITIAL 2.333 TONNES OF GOLD STANDING TO TODAY’S QUEUE JUMP OF 0.0155 TONNES AND THEN ADD MONTH SEPT// EX FOR RISK = 9.586//THUS NEW TOTAL OF GOLD STANDING ADVANCES TO 22.1586 TONNES
OCTOBER LOST 1012 CONTRACTS DOWN TO 61,001
NOVEMBER GAINED 57 CONTRACTS UP TO 2916 CONTRACTS.
We had 360 contracts filed for today representing 36,000 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 6 notices issued from their client or customer account. The total of all issuance by all participants equate to 360 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer an 4 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for SEPTEMBER /2025. contract month, we take the total number of notices filed so far for the month (3986 X 100 oz ) to which we add the difference between the open interest for the front month of SEPT ( 425 CONTRACTS) minus the number of notices served upon today (360 x 100 oz per contract) equals 405,100 OZ OR 12.600 TONNES OF GOLD TO WHICH WE ADD OUR TOTAL EX FOR RISK/SEPT MONTH OF 9.586 TONNES//NEW TOTAL STANDING ADVANCES TO 22.1586 TONNES
thus the INITIAL standings for gold for the SEPTEMBER contract month: No of notices filed so far (3986 x 100 oz +we add the difference for front month of SEPT. (425 OI} minus the number of notices served upon today (360 x 100 oz) which equals 405,100 OZ OR 12.600 TONNES PLUS 9.586 TONNES EXCHANGE FOR RISK = 22.1586 TONNES.
TOTAL COMEX GOLD STANDING FOR SEPT..: 22.1586 TONNES TONNES WHICH IS HUGE FOR THIS NORMALLY INACTIVE 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: 2,041,599.430 oz 63.502 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 38,912,304.554 oz
TOTAL REGISTERED GOLD 21,288.410.555 or 662.158 tonnes
TOTAL OF ALL ELIGIBLE GOLD 17,623,893.999 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 19,246,811 oz ((REG GOLD- PLEDGED GOLD)= 598.65 tonnes // (
total inventories in gold declining rapidly
SILVER/COMEX
SILVER/COMEX
THE SEPTEMBER 2025 SILVER CONTRACTS
SEPT 9 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entries: i) Out of Loomis 1,029,528.720 oz total withdrawal 1,029,528.720 oz |
| Deposits to the Dealer Inventory | 1 ENTRY i) Into Stonex: 1,029,528.720 oz |
| Deposits to the Customer Inventory | 2 DEPOSIT ENTRIES/CUSTOMER ACCOUNT i)Into Asahi 1,208,440.500 oz ii) into Manfra 600,380.921 oz total deposit 1,808,821.427 oz |
| No of oz served today (contracts) | 759 CONTRACT(S) (3.795 million OZ |
| No of oz to be served (notices) | 380 contracts (1.900 MILLION oz) |
| Total monthly oz silver served (contracts) | 11.293 Contracts (56.465 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 |
DEPOSITS INTO DEALER ACCOUNTS
1 ENTRY
i) Into Stonex: 1,029,528.720 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
2 DEPOSIT ENTRIES/CUSTOMER ACCOUNT
i)Into Asahi 1178,847.7000 oz
ii) INTO Brinks 240,972.480 oz
total deposit 1,419,820.180 oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
1 entries:
i) Out of Loomis 1,029,528.720 oz
total withdrawal 1,029,528.720 oz
ADJUSTMENTs 1 dealer to customer
i) stonex 9952.980 oz
TOTAL REGISTERED SILVER: 196.791 MILLION OZ//.TOTAL REG + ELIGIBLE. 520.707 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST
silver open interest data:
FRONT MONTH OF SEPTEMBER /2025 OI: 1139 OPEN INTEREST CONTRACTS FOR A LOSS OF 11 CONTRACTS. WE HAD 519 CONTRACTS SERVED ON MONDAY SO WE GAINED A STRONG 508 CONTRACTS OR 2.54 MILLION OZ ENTERTAINED A QUEUE JUMP//NEW STANDING FOR SILVER COMEX INCREASES TO 58.3650 MILLION OZ. THEN WE MUST ADD OUR INITIAL ISSUANCE OF 600 CONTRACTS FOR EXCHANGE FOR RISK OR 3.0 MILLION OZ//NEW STANDING ADVANCES TO 61.3650 MILLION OZ
STANDING FOR SILVER: 61.3650 MILLION OZ
OCTOBER LOST 78 CONTRACTS TO 2433
NOVEMBER LOST 55 CONTRACTS UP TO 1368.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 759 or 3.793 MILLION oz
CONFIRMED volume; ON MONDAY 75,348 strong//
AND NOW SEPT. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in SEPTEMBER. we take the total number of notices filed for the month so far at 11,293 X5,000 oz = 56.465 MILLION oz
to which we add the difference between the open interest for the front month of SEPT (1139) AND the number of notices served upon today (759 )x (5000 oz)
Thus the standings for silver for the SEPTEMBER 2025 contract month: (11,293) Notices served so far) x 5000 oz + OI for the front month of SEPTEMBER(1139) minus number of notices served upon today (759)x 5000 oz equals silver standing for the SEPTEMBER contract month equating to 58.3650 MILLION OZ TO WHICH WE ADD OUR INITIAL EXCHANGE FOR RISK SEPT TOTALLING 3.0 MILLION OZ//NEW STANDING ADVANCES TO 61.3650 MILLION OZ
New total standing: 61.3650 million oz which is HUGE for this active delivery month of SEPT.. THE SILVER COMEX IS NOW UNDER SIEGE!!
We must also keep in mind that there is considerable silver standing in London coming from our longs in New York that underwent EFP transfers.
There are 196.791 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/520.707 million. 40.59%
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
the next big line in the sand for silver is $34.76. After that the moon
END
BOTH GLD AND SLV ARE MASSIVE FRAUDS!
SEPT 9 WITH GOLD UP $47.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 2.29 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 979.68 TONNES//
SEPT 8 WITH GOLD UP $41.40 TODAY/NO CHANGES IN GOLD AT THE GLD// ///INVENTORY RESTS AT 981.97 TONNES//
SEPT 5 WITH GOLD UP $47.10 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A FRAUDULENT WITHDRAWAL OF 2.29 TONNES OF PAPER GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 981.97 TONNES//
SEPT 4 WITH GOLD DOWN $22.70 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A FRAUDULENT WITHDRAWAL OF 6.30 TONNES OF PAPER GOLD OUT OF THE GLD// ///INVENTORY RESTS AT 984.26 TONNES//
SEPT 3 WITH GOLD UP $43.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 12.88 TONNES OF GOLD VAPOUR INTO THE GLD// ///INVENTORY RESTS AT 990.56 TONNES//FAIRY TALES
SEPT 2 WITH GOLD UP $79.90 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 9.74 TONNES OF GOLD VAPOUR INTO THE GLD// ///INVENTORY RESTS AT 977.68 TONNES
AUGUST 29 WITH GOLD UP $33.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 5.44 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 962.50 TONNES
AUGUST 28 WITH GOLD UP $18.20 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 2.58 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 962.50 TONNES
AUGUST 27 WITH GOLD UP $12.60 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 1.43 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 959.92 TONNES
AUGUST 26 WITH GOLD UP $12.15 TODAY/HUGE CHANGES IN GOLD AT THE GLD ; A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD// ///INVENTORY RESTS AT 958.49 TONNES
AUGUST 25 WITH GOLD DOWN $1.05 TODAY/NO CHANGES IN GOLD AT THE GLD// ///INVENTORY RESTS AT 956.77 TONNES
AUGUST 22 WITH GOLD UP $35.35 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 956.77 TONNES
AUGUST 21 WITH GOLD DOWN $6.80 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.00 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 958.21 TONNES
AUGUST 20 WITH GOLD UP $29.95 TODAY/HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 3.16 TONNES OF GOLD FROM THE GLD/// ///INVENTORY RESTS AT 962.21 TONNES
AUGUST 19 WITH GOLD DOWN $16.90 TODAY/NO CHANGES IN GOLD AT THE GLD:/// ///INVENTORY RESTS AT 965. TONNES
AUGUST 18 WITH GOLD DOWN $4.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A DEPOSIT OF 4.01 TONNES OF GOLD INTO THE GLD//// ///INVENTORY RESTS AT 961.36 TONNES
AUGUST 15 WITH GOLD DOWN $0.45 TODAY/HUGE CHANGES IN GOLD AT THE GLD:A WITHDRAWAL OF 2.86 TONNES OF GOLD//// ///INVENTORY RESTS AT 961.36 TONNES
AUGUST 14 WITH GOLD DOWN $20.80 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 964.22 TONNES
AUGUST 13 WITH GOLD UP $9.65 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 964.22 TONNES
AUGUST 12 WITH GOLD UP $2.65 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 4.58 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 964.22 TONNES
AUGUST 11 WITH GOLD DOWN $53.55 TODAY//SMALL CHANGES IN GOLD AT THE GLD A DEPOSIT DEPOSIT OF 0.55 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 959.64 TONNES
AUGUST 8 WITH GOLD UP $10.00 TODAY//HUGE CHANGES IN GOLD AT THE GLD A HUGE DEPOSIT OF 6.30 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 959.09 TONNES
AUGUST 7 WITH GOLD UP $16.10 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.15 TONNES OF GOLD OUT OF THE GLD/://// ///INVENTORY RESTS AT 952.79 TONNES
AUGUST 6 WITH GOLD DOWN $8.15 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.14 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 955.94 TONNES
AUGUST 5 WITH GOLD UP $8.45 TODAY//HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD/://// ///INVENTORY RESTS AT 954.80 TONNES
AUGUST 4 WITH GOLD UP $24.65 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.43 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 953.08 TONNES
AUGUST 1 WITH GOLD UP $51.40 TODAY//HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 1.72 TONNES OF GOLD FROM THE GLD/://// ///INVENTORY RESTS AT 954.51 TONNES/
JULY 31 WITH GOLD DOWN $2.65 TODAY//NO CHANGES IN GOLD AT THE GLD://// ///INVENTORY RESTS AT 956.23 TONNES/
GLD INVENTORY: 979.68 TONNES, TONIGHTS TOTAL
SILVER
SEPT 9 WITH SILVER DOWN $0.55/ HUGE CHANGES AT THE SLV AT WITHDRAWAL OF 1.816 MILLION OZ OUT OF THE SLV:// ////INVENTORY RESTS AT 486.677 MILLION OZ./
SEPT 8 WITH SILVER UP $0.35/ HUGE CHANGES AT THE SLV AT WITHDRAWAL OF 1.181 MILLION OZ OUT OF THE SLV:// ////INVENTORY RESTS AT 488.493 MILLION OZ./
SEPT 5 WITH SILVER UP $0.25/ HUGE CHANGES AT THE SLV AT WITHDRAWAL OF 2.735 MILLION OZ OUT OF THE SLV:// ////INVENTORY RESTS AT 489.674 MILLION OZ./
SEPT 4 WITH SILVER DOWN $0.68/ HUGE CHANGES AT THE SLV AT WITHDRAWAL OF 2.735 MILLION OZ OUT OF THE SLV:// ////INVENTORY RESTS AT 491.308 MILLION OZ./
SEPT 3 WITH SILVER UP $0.95/ HUGE CHANGES AT THE SLV AT DEPOSIT OF 1,816 MILLION OZ INTO THE SLV:// ////INVENTORY RESTS AT 494.043 MILLION OZ./
SEPT 2 WITH SILVER UP $0.95/ HUGE CHANGES AT THE SLV AT WITHDRAWAL OF .727 MILLION OZ FROM THE SLV:// ////INVENTORY RESTS AT 492.227 MILLION OZ./
AUGUST 29 WITH SILVER UP $0.80/ HUGE CHANGES AT THE SLV AT DEPOSIT 0F 1.862 MILLION OZ:// ////INVENTORY RESTS AT 492.954 MILLION OZ./
AUGUST 28 WITH SILVER UP $0.48/ NO CHANGES AT THE SLV:// ////INVENTORY RESTS AT 491.092 MILLION OZ./
AUGUST 27 WITH SILVER UP $0.04/ SMALL CHANGES AT THE SLV: A WITHDRAWAL OF 454,000 OZ FORM THE SLV// ////INVENTORY RESTS AT 491.092 MILLION OZ./
AUGUST 26 WITH SILVER DOWN $0.19/ NO CHANGES AT THE SLV: // ////INVENTORY RESTS AT 491.546 MILLION OZ./
AUGUST 25 WITH SILVER DOWN $0.28/ SMALL CHANGES AT THE SLV: A SMALL DEPOSIT OF 0.363 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 491.546 MILLION OZ./
AUGUST 22 WITH SILVER UP $0.92/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 0.908 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 491.183 MILLION OZ./
AUGUST 21 WITH SILVER UP $0.29/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 1.09 MILLION OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 492.091 MILLION OZ.//
AUGUST 20 WITH SILVER UP $0.41/ SMALL CHANGES AT THE SLV: A SMALL WITHDRAWL OF 545,000 OZ OF SILVER LEAVES THE SLV// ////INVENTORY RESTS AT 493.181 MILLION OZ.//
AUGUST 19 WITH SILVER DOWN $0.64/ HUGE CHANGES AT THE SLV: A MAMMOTH DEPOSIT OF 9.173 MILLION OZ OF SILVER VAPOUR ARRIVES AT THE SLV// ////INVENTORY RESTS AT 493.726 MILLION OZ.//
AUGUST 18 WITH SILVER UP $0.06/ NO CHANGES AT THE SLV ////INVENTORY RESTS AT 484.553 MILLION OZ.//
AUGUST 15 WITH SILVER DOWN $0.04/ SMALL CHANGES AT THE SLVA WITHDRAWAL OF .909 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 484.553 MILLION OZ.//
AUGUST 14 WITH SILVER DOWN $0.52/ NO CHANGES AT THE SLV/////INVENTORY RESTS AT 485.462 MILLION OZ.//
AUGUST 13 WITH SILVER UP $0.62/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 1.317 MILLION OZ INTO THE SLV:.////INVENTORY RESTS AT 485.462 MILLION OZ.//
AUGUST 12 WITH SILVER UP $0.68/ HUGE CHANGES AT THE SLV// A DEPOSIT OF 2.18 MILLION OZ FORM THE SLV:.////INVENTORY RESTS AT 484.145 MILLION OZ.//
AUGUST 11 WITH SILVER DOWN $0.56/ HUGE CHANGES AT THE SLV// A WITHDRAWAL OF 3.905 MILLION OZ FORM THE SLV:.////INVENTORY RESTS AT 481.965 MILLION OZ.//
AUGUST 8 WITH SILVER UP $0.20/ NO CHANGES AT THE SLV//:.////INVENTORY RESTS AT 485.870 MILLION OZ.//
AUGUST 7 WITH SILVER UP $0.25/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 2.179 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 485.870 MILLION OZ.//
AUGUST 6 WITH SILVER UP $0.02/ SMALL CHANGES AT THE SLV//: A DEPOSIT OF 0.727 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 483.691 MILLION OZ.//
AUGUST 5 WITH SILVER UP $1.51/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 1.119 MILLION OZ OUT OF THE SLV.////INVENTORY RESTS AT 482.964 MILLION OZ.//
AUGUST 4 WITH SILVER UP $0.50/ SMALL CHANGES AT THE SLV//: A WITHDRAWAL OF 0.183 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.083 MILLION OZ.//
AUGUST 1 WITH SILVER UP $0.19/ HUGE CHANGES AT THE SLV//: A WITHDRAWAL OF 2.816 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 484.264 MILLION OZ.//
JULY 31 WITH SILVER DOWN $1.00/ HUGE CHANGES AT THE SLV//: A DEPOSIT OF 0.454 MILLION OZ INTO THE SLV.////INVENTORY RESTS AT 487/398 MILLION OZ.//
CLOSING INVENTORY 485.677 MILLION OZ//
PHYSICAL GOLD/SILVE
1/PETER SCHIFF
JOHN RUBINO
DAVID JENSEN
SPECIAL THANKS TO G. FOR SENDING THIS IMPORT STUFF TO US;
NOW GREATER THAN 5%
SILVER LEASE RATES
Silver Lease Rates Now Running Higher Signal The Global Silver Shortage Is Intensifying
Yesterday, Bloomberg reported that the London 1-year implied silver lease rate has surged above 5% p.a.
On September 4, 2025, Bruce Ikemizu Chief Director of the Japan Bullion Market Association (JBMA) reported that the London 1-month implied silver lease rate had risen to 6.4%.
The ongoing high and increasing lease rate for physical silver bars signals that the 41% price increase in silver so far in 2025 has been driven by an intensifying global shortage of this strategic and monetary metal.
Figure 1 – London Implied Silver Lease Rate (1-Year Lease Term); source: Bloomberg
Figure 2 – Daily Silver Spot Price 2020 – 2025; source: StockCharts.com
As the global shortage of silver continues to compound, we await the inevitable default by bullion banks that have sold physical silver in the London cash / spot market in the form of promissory notes that cannot be delivered.
The end of the London promissory note precious metal price fixing era will the signal a return to real price discovery for precious metals.
The rise in government bond yields accompanied by gold, silver, and platinum shortages and higher prices tells us that bonds (paper) are being sold and precious metals bought as investors seek to protect their savings.
The tremendous leverage between the size of the global debt markets compared to available physical precious metals portends the potential for very large step-changes in metals prices and disruption of the levered paper cash metal market in London.
Best regards,
David Jensen
2. MATHEW PIEPENBERG/VON GREYERZ
ALASDAIR MACLEOD
Debt funding, inflation, and gold
Even though the Fed is expected to reduce its funds rate in a week’s time, the inflation outlook is worsening rapidly, which is why the dollar is weakening and gold rising.
| Alasdair MacleodSep 9∙Paid |
Governments are attempting to contain their long-term debt funding costs, which are due to a combination of a lack of investor demand and bond yields which have risen sharply in recent years. The extra funding cost of long-term maturities over short-term rates is illustrated in the US Treasury yield curve in the chart above. In the case of US treasuries, auctions with longer maturities tend to be disappointing. Doubtless, if longer term funding is used to ensure the debt maturity profile remained containable with respect to maturity roll-overs, long-end yields would be considerably higher.
This explains why the Fed approved a move to reduce the supplementary leverage ratio imposed on big bank balance sheets so long as the extra balance sheet space is invested in treasuries. However, this will only increase bank demand for short-term debt, mainly T-bills maturing in less than a year. But it is worth remembering that this finance is bank credit and not investor-sourced, making it inflationary. But reducing the supplementary leverage ratio is only part of the story.
Almost certainly, the Fed will reduce its funds rate by .25% in a week’s time. Under political pressure, further rate cuts can be expected. This will reduce the cost of T-bill funding even further. A win-win for Trump —or is it?
At this point, it should be made clear that debt is not a bad thing. What matters is how it is funded and how it is used. Simply put, if savers increase their savings to invest in government debt it reduces consumer demand for goods so is deflationary. But if government uses the debt raised to spend in the economy it balances the deflationary effect of an increase in savings.
This is why China’s and Japan’s economies with their high consumer savings rates exhibit low inflation compared with the high-spending low-saving Anglo-Saxon consumers.
Alternatively, if government debt is bought by banks creating credit out of thin air, which is what’s happening here, then it is inflationary. It debases the value of credit in terms of its purchasing power. Because raising extra debt funds excess government spending over its revenue receipts, monetary debasement is obvious. However, it takes a little time for the effect to be reflected in government statistics.
Unfortunately, monetary debasement coincides with Trump’s trade tariffs on imported goods, raising input prices for consumers. The combination of bank credit expansion to fund budget deficits and higher trade tariffs is a recipe for an inflation crisis. Yet, macro-economists seem to be unaware of this reality.
At the same time, Main Street is struggling to survive profitably, with the economy already in recession. Take the US budget deficit out of nominal GDP to get a true picture of whether the non-financial private sector is growing or not, and you will find it is already in recession. This leads to declining revenues for the government and increasing welfare commitments raising the budget deficit and its required funding even more.
Therefore, the US Treasury faces a classic debt trap, whereby its funding requirements exceed the notional tax revenues to cover the notional cost. It can only lead to a buyers’ strike, higher bond yields, and a seemingly endless bear market in treasury bonds.
Combined with the impact of higher consumer prices reflected in a rapidly weakening dollar, eventually current declines in the Fed’s funds rate will have to be reversed and raised considerably if the dollar is to be stabilised. In their different ways, this outlook is shared by other G7 nations but nowhere is it more important than for the currency upon which all others are based, however loosely.
Perhaps this reality for the dollar is beginning to dawn on the macro-economic community, which is why gold is rising strongly and taking silver with it. In which case, it is a reassessment which is still in its early days.
3. CHRIS POWELL AND GATA GOLD DISPATCHES/OTHER GOLD RELATED TOPICS
Only 4 tonnes covered
BIS gold swaps fell from 34 tonnes in July to 30 in August
Submitted by admin on Tue, 2025-09-09 11:17 Section: Daily Dispatches
11:19a ET Tuesday, September 9, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements fell in August by four tonnes, from 34 in July to 30 at the end of last month, according to the bank’s monthly report, published this week —
— and to calculations made from the report by GATA consultant Robert Lambourne.
The report implies that the bank was not recruited to intervene much in the gold market in August on behalf of its member central banks and that there continues to be little interest among them in incurring more gold liabilities or in letting their metal get far from home.
The July 1 report from Lambourne —
— provides some history on the gold swap transactions and their volatility since the bank in 2010 made it possible for its swaps to be calculated.
As recently as January 2022 the bank’s swaps exceeded 500 tonnes but they have fallen sharply since, indicating a profound change of policy toward or outlook on gold among central banks, a trend that seems to have correlated with increasing central bank acquisitions and repatriations, along with gold’s rising price.
But the BIS swaps remain proof that central banks are still active in the gold market surreptitiously as well as openly, the surreptitious part signifying that central banks prefer to conceal interventions whose disclosure would seriously affect prices or explode their plans to influence prices.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 239
a must view:
5. COMMODITY REPORT GOLD/SILVER AND OTHER PRECIOUS METALS/BASE METALS
Anglo American, Teck Resources Mega-Deal Will Create “Compelling, Large-Scale Copper Business”
Tuesday, Sep 09, 2025 – 07:45 AM
Anglo American and Teck Resources have agreed to merge in an all-share transaction to create “Anglo Teck,” a Canada-based miner set to become one of the world’s top five copper producers. The deal marks the largest mining M&A transaction in more than a decade and comes amid a global scramble for rare earth minerals, driven by data center buildouts, power grid upgrades, electric vehicles, and other electrification trends.
Under the proposed mega-merger, Anglo shareholders will hold 62.4% of Anglo Teck, while Teck investors will own 37.6%. The combined company is expected to produce about 1.2 million metric tons of copper annually, driven by Anglo’s 770,000-ton output and Teck’s 545,000 tons.
The deal comes as copper demand rises on the back of global electrification trends, including data center buildouts, the proliferation of EVs, and widespread power grid upgrades to handle the explosion in demand.
At a press conference, Anglo CEO Duncan Wanblad told reporters: “We will have a stronger, more resilient financial platform with scale advantages, including greater flexibility to reallocate capital dynamically to the highest returning opportunities.”
Additional color on the Anglo Teck mega deal:
- Copper Exposure: The new company is expected to derive 70% or more of its revenues from copper, with an annual output forecast to rise from 1.2 million tons to 1.35 million tons by 2027.
- Synergies: Management projects $800M in recurring annual pre-tax savings by year 4, plus $1.4B in EBITDA uplift from integrating the adjacent Collahuasi and Quebrada Blanca mines in Chile, resulting in 175kt of additional copper production annually from 2030 to 2049.
- Portfolio: Anglo Teck combines six world-class copper assets with Anglo’s premium iron ore business in South Africa and Brazil, Teck’s zinc operations in Canada and Alaska, and crop nutrient projects in the UK.
- Listings & Governance: Anglo Teck will be headquartered in Vancouver, with a primary listing on the LSE and secondary listings on the JSE, TSX, and NYSE. Duncan Wanblad (Anglo) will serve as CEO, Teck’s Jonathan Price as deputy CEO, and Sheila Murray as chair. The board will be split evenly.
- Timeline: The boards unanimously support the deal, with completion targeted in 12–18 months, subject to shareholder and regulatory approvals.
Berenberg analysts Richard Hatch and William Dalby told clients earlier, “The combination will result in a compelling, large-scale copper business, we think, with zinc and iron ore exposure, too.”
Anglo American’s London shares jumped the most in 17 months, up nearly 10% by late morning in Europe. U.S.-listed Teck shares were up 14% in premarket trading.
Berenberg analysts noted that Glencore could emerge as a rival bidder but said cultural differences would likely pose a major hurdle. They added that BHP may also show interest, given the scale Teck could bring to its copper business.
“A bidding war could ensue,” the Jefferies analysts told clients.
END
ASIAN MARKETS THIS TUESDAY MORNING:
SHANGHAI CLOSED DOWN 19.55 PTS OR 0.51%
//Hang Seng CLOSED UP 278.33 PTS OR 1.09%
// Nikkei CLOSED DOWN 184.52 PTS OR 0.42% //Australia’s all ordinaries CLOSED DOWN .51%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1279 OFFSHORE CLOSED UP AT 7.1232/ Oil UP TO 62.92 dollars per barrel for WTI and BRENT DOWN TO 66.70 Stocks in Europe OPENED ALL MOSTLY GREEN
ONSHORE USA/ YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1279 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1232 AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.1279
OFFSHORE YUAN: UP TO 7.1232
HANG SENG CLOSED UP 278.33 PTS OR 1.09%
2. Nikkei closed UP 278.33 PTS OR 1.09%
3. Europe stocks SO FAR: ALL MOSTLY GREEN
USA dollar INDEX DOWN TO 97.35 EURO FALLS TO 1.1764 DOWN 4 BASIS PTS
3b Japan 10 YR bond yield: RISES TO. +1.563//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.14…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA. JAPAN 30 YR BOND YIELD: 3.267 UP 4 BASIS PTS.
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen UP CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and UP FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.6607 Italian 10 Yr bond yield DOWN to 3.511 SPAIN 10 YR BOND YIELD DOWN TO 3.238
3i Greek 10 year bond yield DOWN TO 3.349
3j Gold at $3641.90 Silver at: 41.35 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 74 /100 roubles/dollar; ROUBLE AT 83.21
3m oil (WTI) into the 62 dollar handle for WTI and 66 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 147.14/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.563% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.//JAPAN 30 YR: 3.255 DOWN 1 BASIS PTS.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.7921 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9319 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: 4.065 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.708 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 3.509 UP 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 41.28
10 YR UK BOND YIELD: 4.6460 UP 3 PTS ESCALATING RAPIDLY
30 YR UK BOND YIELD: 5.491 UP 3 BASIS PTS
10 YR CANADA BOND YIELD: 3.200 DOWN 0 BASIS PTS
5 YR CANADA BOND YIELD: 2.776 UP 0 BASIS PTS.
2a New York OPENING REPORT
Futures, Yields Rise Ahead Of Another Huge Payrolls Revision
Tuesday, Sep 09, 2025 – 08:36 AM
Futures are higher led by Tech as expectations of Fed rate cuts continued to drive gains, while Treasuries eased after a rally that pushed global bonds into bull-market territory ahead of what is set to be another huge negative benchmark revision to payrolls. As of 8:30am S&P futures are 0.1% higher, while Nasdaq futures gain 0.2% as Mag7 stocks see a muted bid with AVGO/NVDA leading Semis higher. Both Cyclicals and Defensives have caught a bid with Materials buoyed by the Anglo / Teck deal. The yield curve is bear steepening as 10Y yield rise by 2bps to 4.07%; the dollar slid for a third day, with the yen driving advances among major currencies on renewed signals of policy tightening by the Bank of Japan. Commodities are higher with broad-based strength across all 3 complex but notable increases in crude, natgas, coffee, and iron. Today’s macro data focus is on the NFP revision with BBG survey seeing a 700k negative revision to payrolls and the modest beat in the NFIB Small Business Optimism (100.8, vs Exp. 100.5) where the Hiring sub-index has been a leading indicator for future NFP prints.
In premarket trading, Mag 7 stocks post modest gains (Nvidia +0.2%, Tesla +0.2%, Meta +0.4%, Microsoft +0.3%, Amazon -0.09%, Alphabet is flat, Apple -0.4%)..
- Atlassian Corp. (TEAM) rises 5% after announcing it is ending its data center product over the coming three years and will move customers to its cloud platform.
- Brighthouse Financial (BHF) is up 11% after the Financial Times reported that Aquarian Holdings is in late-stage talks with two Middle Eastern investors to finance a takeover of the life insurer.
- Fox Corp. (FOXA) falls 4% and News Corp. (NWSA) declines 4% after Rupert Murdoch and his children resolved a messy family feud with a settlement that gives favored son Lachlan Murdoch broad control and ensures Fox News and the rest of the sprawling media empire retains its conservative slant.
- Planet Labs (PL) is down 10% after after the company said it would offer $300 million of Convertible Senior Notes due 2030. The shares soared 48% in Monday’s regular session.
- Nano Dimension Ltd. (NNDM) rises 2% after initiating a review of strategic alternatives to maximize shareholder value and named David S. Stehlin as its new chief executive officer, replacing Ofir Baharav.
- Nebius (NBIS) jumps 54% after the AI-centric cloud platform company said it will provide Microsoft access to GPU infrastructure capacity at its new data center in Vineland, New Jersey, over five years.
- Sable Offshore (SOC) falls 9% following news that Governor Gavin Newsom seeks to impose further restrictions on California’s offshore oil industry, a setback to Sable and its controversial project off the coast of Santa Barbara County.
- Teck Resources Ltd.’s US-listed shares (TECK) climb 16% after Anglo American PLC agreed to acquire the Canadian miner for 1.3301 shares for each Teck share. Anglo will also pay its investors a $4.5 billion special dividend ahead of the combination. Anglo shares leaped 9.1% in London.
- UnitedHealth Group Inc. (UNH) rises 4% after saying it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business.
The S&P 500 and US bonds have been on a tear as traders increasingly stoked bets that the Fed will kick-off rate cuts this month. Despite clear cracks in the labor market, investors are wagering that the economy is still sufficiently robust to power corporate earnings. Swaps are pricing at least four quarter-point cuts by the time Fed Chair Jerome Powell’s term ends in May. Some are betting that this year’s easing cycle could begin with a jumbo half-point cut this month as job-market weakness outweighs lingering inflation concerns.
As we first discussed two weeks ago, Tuesday’s revisions to Bureau of Labor Statistics data for payrolls for the year through March are expected to reinforce the view of a US jobs slowdown. Later this week, the core consumer price index for August is projected to show an increase of 0.3% for a second month in a row, indicating that progress on reducing price pressures has stalled.
The BLS figures “would be a big change in the job market narrative,” ING rates strategists Michiel Tukker and Benjamin Schroeder wrote in a note. This “could fuel questions of why the Fed shouldn’t cut by 50 basis points this month.”
“This is a supportive combination for equity markets,” said Marija Veitmane, senior multi-asset strategist at State Street Global Markets. “We believe that AI demand is still strong and will continue to support earnings in the sector, pushing returns in the sector — and hence overall equity market performance — higher.”
In Europe, the Stoxx 600 posted modest gains as investors looked out for the next steps in France’s battle to repair its finances. Anglo American Plc rallied more than 9% after agreeing to a tie-up with Canada’s Teck Resources Ltd. Bonds weakened across the board. In France, bonds were little changed as President Emmanuel Macron started his search for a premier capable of steering a budget through a deeply fractured National Assembly. The continued lack of common ground has weighed on sentiment, driving up the country’s risk premium.
“No one was expecting a bloodbath on the markets today, it’s clear that the worst-case scenario of snap elections is not taking place, at least right now,” said Vincent Juvyns, chief investment strategist at ING in Brussels. “So at the moment we’re muddling through, but with a spread with Germany that is at levels of the sovereign debt crisis of 2012.”
Earlier in the session, Asian equities advanced, as tech and Chinese property stocks climbed, and investors continued to eye prospects for interest rate cuts by the Federal Reserve. The MSCI Asia Pacific Index rose as much as 0.8% to the highest since February 2021, with TSMC, Alibaba and Tencent among the biggest boosts. Taiwan’s Taiex jumped more than 1% to a fresh record, and Korea’s Kospi touched a new high for the year. Indonesia led decliners after the nation’s finance minister was abruptly removed. “Further Fed rate cut bets are fueling positive sentiment in Asia today, especially in growth areas like tech that will rally in these conditions,” said Nick Twidale, chief market analyst at AT Global Markets in Sydney. “In the near term, we can push higher and test record levels for Asian stocks, but may see some profit-taking across all markets ahead of key US inflation data.” Indonesia’s Jakarta Composite Index slipped as fiscal concerns mounted after after President Prabowo Subianto replaced Sri Mulyani Indrawati as finance minister. While Purbaya Yudhi Sadewa, who is taking over the role, vowed to keep Indonesia fiscally healthy, Indrawati enjoyed widespread respect among global investors.
In FX, the Bloomberg Dollar Spot Index is down 0.2%. The Japanese yen rose 0.8% against the greenback, taking USD/JPY firmly below 147 after Bloomberg reported Bank of Japan officials are of the view that it may be possible to raise interest rates again this year regardless of domestic political instability. The Aussie dollar also outperforms, rising 0.4% as it benefits from higher iron ore prices.
In rates, treasuries declined, pushing US 10-year yields up 2 bps to 4.06%. Gilts and bunds are also in the red. French 10-year borrowing costs did rise above Italy’s for the first time, although this was down to technical reasons.
In commodities, Oil rose for a second day as investors weighed the prospect for softening demand after Saudi Arabia cut pricing for most of its grades. WTI crude futures rise 1% to near $62.90 a barrel. Spot gold is up almost $20 and flirting with a record. Iron ore climbed for a sixth day and headed for its highest close in more than six months on expectations that Chinese demand will gather momentum. Bitcoin rises 1% to around $113,000.
Looking to the day ahead now, and data releases include French industrial production for July, the US NFIB small business optimism for August, and there’s the preliminary benchmark revision for US payrolls. From central banks, we’ll hear from the ECB’s Nagel and Villeroy, and BoE Deputy Governor Breeden.
Market Snapshot
- S&P 500 mini +0.1%
- Nasdaq 100 mini +0.2%
- Russell 2000 mini little changed
- Stoxx Europe 600 -0.1%
- DAX -0.5%
- CAC 40 little changed
- 10-year Treasury yield +2 basis points at 4.06%
- VIX +0.1 points at 15.2
- Bloomberg Dollar Index -0.2% at 1196.41
- euro little changed at $1.1765
- WTI crude +1.2% at $63/barrel
Top Overnight News
- The level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs when the government publishes its preliminary nonfarm payrolls benchmark estimate on Tuesday. The payrolls benchmark revision would come on the heels of news last Friday that job growth almost stalled in August and the economy shed jobs in June for the first time in 4-1/2 years. It would suggest the labor market was already struggling before President Donald Trump’s aggressive tariffs on imports. RTRS
- After two federal courts have found that many of the steep emergency tariffs imposed by Trump are illegal, if the Supreme Court rules that Trump did not have the authority to impose the tariffs, the U.S. government could be obligated to refund importers anywhere from $750 billion to $1 trillion, Treasury Secretary Scott Bessent warned. This could potentially place upward pressure on yields. CNBC
- South Korean companies have routinely used unsuitable visas for workers sent to the US to build multibillion dollar advanced manufacturing sites. The admission comes after dramatic raid last week by ICE at a battery plant being built by Hyundai and LG in Georgia, which led to the detention of 475 workers. White House officials warn more such immigration actions are being planned FT.
- The world’s biggest oil and gas companies are cutting jobs, slashing costs, and scaling back investments at the fastest pace since the coronavirus market collapse, as execs brace for a prolonged period of lower crude prices. FT
- Israel ordered Gaza City’s one million residents to leave in advance of a major military offensive. BBG
- US Senate Banking panel to vote on Miran’s Fed nomination on September 10th: BBG
- White House is preparing a report critical on the Bureau of Labor Statistics: WSJ
- Taiwan’s exports hit a record $58.5 billion in August, surging more than 34% from a year ago, boosted by strong tech demand and the AI boom despite new US tariffs. BBG
- BOJ officials are of the view that it may be possible to raise the benchmark interest rate again this year regardless of domestic political instability, as economic conditions have developed in line with expectations. RTRS
- Officials in Europe are considering potential sanctions against China for buying Russian oil. FT
- A measure of France’s borrowing costs exceeded Italy’s for the first time in the euro zone’s history, signaling investor concerns. French PM Francois Bayrou will resign today. BBG
Trade/Tariffs
- Japan’s trade negotiator Akazawa said US tariffs on Japanese goods, including cars, will be lowered by September 16th, according to Reuters citing a post on X. However, Akazawa later commented that tariff discussions with the US are not fully resolved and that Japan must ensure the trade deal is carried out.
- South Korea and the US are to resume working-level talks regarding tariffs, according to Yonhap
- South Korea’s presidential adviser said US trade negotiations are being delayed due to the issue of FX market impacts from the USD 350bln package and have asked the US to help find a solution to the capital market impact, while they told the US that they can’t agree on terms similar to Japan’s USD 550bln deal.
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mixed as the region failed to fully sustain the mildly positive handover from Wall St, with price action contained amid light fresh catalysts and as participants looked ahead to upcoming events, including inflation data scheduled in the next couple of days. ASX 200 was dragged lower with notable weakness in Energy, Industrials, Real Estate and Financials, with sentiment also not helped by a deterioration in consumer confidence and mixed business surveys. Nikkei 225 initially rallied above the 44,000 levels to print a fresh record high, but then gradually faded its gains as political uncertainty lingered. Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark led higher by outperformance in real estate and tech, with the former helped as China’s MIIT pledged to accelerate breakthroughs in high-performance chip technology. Conversely, the mainland lagged amid lingering global frictions with EU officials reportedly discussing potential sanctions on China and other parties for the purchase of Russian energy, while Chinese President Xi recently took aim at a ‘certain country’ increasing trade war risks.
Top Asian News
- BoJ reportedly sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources; likely to keep rates unchanged on September 19th. Sees steady progress towards the BoJ price target. Sees the US trade deal as removing some risks to growth. Some officials are even of the view that a hike could be appropriate as early as October.
- Reuters sources report that while political uncertainty in Japan will not derail the BoJ’s normalisation plan, it could impact the timing of the next hike; add, “BoJ does not need to hike in the midst of turbulence”. “no rush…as long as it gets another rate hike done possibly by early next year”.
- Bank of Japan likely to slightly reduce purchases of super-long Japanese government bonds in Q4 2025, according to Reuters sources. BoJ to make final decision on 30 September, influenced by 20-year government bond auction on 17 September and market volatility in super-long JGB yields.
- China’s Ministry of Industry and Information Technology said in a briefing that China is to accelerate breakthroughs in high-performance chip technology and will guide 10-gigabit optical networks from pilot testing to deployment.
- Japanese Finance Minister Kato said he will carefully consider the possibility when asked about entering the LDP leadership race, while he noted that Japan’s economy is showing bright signs, but there is a need to support those suffering from rising prices, including food prices.
- Japanese LDP politician Kono reiterated that if the BoJ delays rate hikes, it would boost inflation, and noted they need to fix a weak yen, so the BoJ needs to hike rates, while he added that a sales tax cut would increase the deficit, and said he is ‘sleeping on’ whether to run for LDP leadership.
European bourses (STOXX 600 U/C) opened modestly firmer across the board, but now display a mixed picture, though with nothing really behind the slip in sentiment. European sectors opened with a strong positive bias, but as sentiment slipped, sectors are now mixed. Basic Resources tops the pile, boosted by gains in Anglo American (+10%); the Co. and Teck Resources (+10.3% pre-market) have merged to create a USD 50bln mining giant; the merger is expected to yield USD 800mln in annual synergies. Elsewhere, Banks and Media complete the top three; for the latter, UMG (+2.2%) boosts the sector after receiving a broker upgrade.
Top European News
- Barclays UK August Consumer Spending rose 0.5% Y/Y vs prev. 1.4% Y/Y increase in July.
- Newsquawk Analysis: French PM Bayrou lost, as expected. What next?
FX
- DXY edged higher through the European session shortly after printing session lows coming out of APAC hours, where for the most part DXY saw some relief from Monday’s extension of post-NFP selling and as longer-dated US yields retreated. In terms of state-side news, the US Senate Banking panel is to vote on Miran’s Fed nomination on September 10th, according to Bloomberg. Further, White House is preparing a report critical of the Bureau of Labor Statistics, according to WSJ. DXY resides in a 97.253-97.519 range.
- EUR moves at the whim of the buck following initial choppiness coming out of Asian hours. In France, PM Bayrou lost in a landslide as expected, while President Macron is to name a new PM in the coming days, which may come after the September 10th strikes. The OAT-Bund spreads pushed wider after Bayrou’s defeat, though EUR/USD held steady. EUR/USD trades in a 1.1744-1.1780 band.
- JPY firmed in European hours following source reports that the BoJ sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources, but likely to keep rates unchanged on September 19th. Some officials are even of the view that a hike could be appropriate as early as October. Earlier sources via Reuters noted that while political uncertainty in Japan will not derail the BoJ’s normalisation plan, it could impact the timing of the next hike: “BoJ does not need to hike in the midst of turbulence”. USD/JPY fell under its 50 DMA (147.42) to a 146.56 trough from a 147.56 session high.
- GBP gained a firmer footing at the 1.3500 handle after G10 currencies generally took advantage of recent dollar selling, but with further upside limited amid light catalysts. Overnight, it was reported that UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT, although this caused little immediate follow-through on exchange rates. GBP/USD resides in a 1.3544-1.3583 range, ahead of BoE’s Breeden later.
- Antipodeans are holding the positive bias seen in APAC hours as the pairs are kept afloat after a firmer PBoC reference rate setting, but with gains capped following weaker Australian consumer sentiment and mixed business surveys.
- Norway’s Labour Party government won re-election backed by four smaller parties, according to official results.
Fixed Income
- A slightly softer start to the session for USTs, but only modestly so. Specifics light as we look to the BLS NFP benchmark revision report, an Apple event and then 3yr supply. Into this and mentioned supply USTs find themselves a little heavy, towards the lower end of a 113-11 to 113-19 band.
- JGBs were on a gradual descent across the APAC session and into the European morning, initially in-fitting with the modest pullback seen in peers but then accelerating on fresh BoJ sources. Firstly, Reuters reported that political uncertainty will not derail the BoJ’s normalisation plan, but could impact the timing. However, this was followed by a Bloomberg source that the BoJ still sees some chance of hiking this year (markets imply 15bps of tightening by end-2025). Even more hawkishly, the source stated some officials are of the view that an October hike could be appropriate (+8bps implied by markets). The hawkish elements sent JGBs to a 136.73 trough, lower by near enough 50 ticks at worst.
- OATs kicked off the day near enough unchanged to Monday’s close. With a small bout of pressure seen into the close as the French confidence vote hit just minutes before. However, as expected, the price reaction for OATs themselves has been fairly muted, due to the fall of Bayrou being very much priced in. One nuance on the reaction, but only really evident in the spread, was the slightly worse than expected vote split for him, as not all of the central alliance voted ‘for’ Bayrou. A nuance that perhaps explained the modest jump up in the OAT-Bund 10yr spread to 83.38bps this morning, eclipsing the 82.19bps peak that printed when Bayrou announced the vote. If the move continues, we look to the YTD peak at 88bps and then the 2024 peak of 90bps.
- Bunds are softer, with the pressure of a comparable scale to that outlined in USTs above; pressure which came ahead of a double green line outing. The auction was fairly in-line and had limited impact on Bunds. At a 128.97 low, above Monday’s 128.91 base and towards the upper-end of Friday’s 128.51 to 129.20 band; i.e. similar price action to USTs, as outlined above.
- Gilts echo the above. Down to 91.31 at worst but well clear of Monday’s 91.09 base and, like with Bunds and USTs, towards the upper end of a 90.65 to 91.31 range. Specifics for the UK a little light, supply was well received and lifted Gilts off worst levels and to a marginal new high at 91.48; though, the benchmark still languishes in the red by just under 10 ticks. That aside, we await a speech from Chancellor Reeves in the later part of the morning.
Commodities
- Crude edges higher in rangebound trade after the prior day’s fluctuations, whereby early gains due to OPEC+ and geopolitics were trimmed after Saudi Arabia lowered premiums for OSPs to Asia and North-West Europe. WTI currently resides in a 62.37-63.16/bbl range while Brent sits in a USD 66.12-66.94/bbl range.
- Precious metals are relatively rangebound trade amid light catalysts and head of risk events, with attention now on data releases, including the BLS prelim. benchmark revisions are scheduled today, followed by PPI on Wednesday and CPI on Thursday. Spot gold currently resides in a USD 3,628.48-3,659.43/oz after printing fresh record highs yet again.
- Base metals lack firm direction with the price action contained within a tight range after the indecisive performance on Monday, and with newsflow light today. 3M LME copper resides in a USD 9,894.20-9,963.70 /t range at the time of writing.
- Iraq sets October Basra medium crude official selling price to Asia at USD 1.35/bbl premium to Dubai average; Selling price for Europe set at -USD 2/bbl versus Dated Brent; Selling price to North and South America at -USD 1/bbl versus ASCI.
- US Interior Secretary says they have the capacity to replace all Russian gas to Europe.
- HSBC expects “OPEC+ to start unwinding 1.65mbd voluntary cuts from October”; HSBC maintains USD 65/bbl Brent forecast from Q4, with rising downside risks from rising market surplus.
Geopolitics: Middle East
- Israel conducted strikes in the vicinity of Syria’s Homs, Palmyra and Latakia cities.
- Downing Street spokesperson said Palestinian President Abbas welcomed UK PM Starmer’s pledge to recognise a Palestinian state ahead of the UN General Assembly meeting later this month.
- “Iranian government: The regime’s leadership will decide to withdraw from the Nuclear Non-Proliferation Treaty”, via Al Arabiya.
- Iran-IAEA agreement likely at Cairo talks, according to Tasnim News.
Geopolitics: Ukraine
- Ukraine is at risk of a shortage of air defence weapons after a US DoD review of military aid resulted in slower deliveries, according to officials cited by FT.
Geopolitics: Other
- North Korea’s leader Kim observed solid fuel engine tests and said it marks an important change to the nuclear force.
- Chinese President Xi sent congratulations to North Korea’s Kim on the founding anniversary, while it was separately reported that President Xi said China is ready to enhance strategic communication and maintain close cooperation with North Korea for regional and world peace, and development, according to Xinhua.
US Event Calendar
- 6:00 am: Aug NFIB Small Business Optimism, est. 100.5, prior 100.3
- 10:00 am: Preliminary Benchmark Payrolls revision Exp -700K, Last -818K
DB’s Jim Reid concludes the overnight wrap
The dominant theme in the markets over the past 24 hours has been the continued global bond rally. This has helped ease pressure on the latest French political crisis, which culminated last night in the government losing its confidence vote by 364 to 194. With the defeat having been widely anticipated, the market reaction was muted. But had the fixed income sell-off from earlier last week persisted, the outcome might have triggered a very different response.
According to President Macron’s office, he will nominate a new PM in the coming days. The new PM would then have to find a way to pass a budget for next year. With the far-right National Rally and the far-left France Unbowed calling for snap elections, this would likely require a PM that can keep the centre-left Socialists from voting against the budget, as well as keeping the current centre-right coalition on board. Yesterday’s result implied some cracks within the latter, with the 194 votes for the outgoing government being less than the 210 if all of Bayrou’s allies had voted in favour. Still, the overall sense is that both the centre-right and centre-left face incentives to avoid snap elections, and 10yr OAT-Bund spreads tightened slightly (-2.0bps) ahead of yesterday‘s vote. In a note last night, our economists discuss the key next steps to watch, including on the upcoming budget process (see here). There will be a lot of noise around France over the next few days as tomorrow brings a social media launched day of nationwide protest aimed at bringing the country to a standstill, Friday brings an update from Fitch, and a week on Thursday we have a union-organised day of regional and national strikes. So, a lot going on.
Looking at the fixed income moves in detail, bonds gained across Europe with yields on 10yr bunds (-1.9ps), OATs (-4.0bps), BTPs (-3.3bps) and Gilts (-4.0bps) all moving lower. Treasury yields also moved lower across the curve, with the 2yr yield (-2.3bps) down to its lowest since September 2022, at just 3.49%. The 30yr Treasury yield (-6.7bps) hit a 4-month low of 4.69%. So that helped ease fears about the fiscal situation and means we’re a long way from where things stood last Wednesday, back when the 30yr yield was just a whisker beneath 5%.
The main driver was a continuation of the sentiment post payrolls with increasing confidence of rate cuts dominating the landscape. It’s almost as if CPI on Thursday doesn’t matter. On inflation, the NY Fed 1-yr inflation expectation series inched up from 3.1% to 3.2% yesterday. However, the consumer expectation series showed that expectations of finding a new job fell to its lowest reading since that series began back in 2013. So that chimed with Friday’s jobs report, where the unemployment rate hit its highest in nearly 4 years, at 4.3%.
All that led to mounting confidence that the Fed would soon be cutting rates, with a growing probability placed on back-to-back rate cuts at the remaining three meetings this year. Indeed, the amount of cuts priced by December’s meeting went up +3.0bps on the day to 72bps by the close. So that would be just shy of the 75bps required to fully price in a rate cut at each meeting, and it’s the most rate cuts priced for 2025 since early May, back when there were still genuine recession fears swirling in the aftermath of Liberation Day. Another beneficiary were gold prices (+1.37%), as the prospect of more rate cuts saw them surge to a fresh record of $3,636/oz. It’s up a further +0.34% higher overnight.
This narrative of labor market weakness could well get further support today, as the Bureau of Labor Statistics are releasing their preliminary benchmark revision for payrolls at 10:00 Eastern Time. Basically, they do a big revision of the payroll numbers each year to benchmark it against the Quarterly Census of Employment and Wages (QCEW). And although the final numbers don’t get published until March 2026, they announce the preliminary revisions beforehand, which will give us a better sense of how those are likely to move. In terms of today’s announcement, our US economists write that the latest QCEW from Q4 2024 suggests that the average monthly payroll gains over April 2024-March 2025 could be revised down by roughly 50-60k, from a starting point of 146k. So that would imply a lot less momentum in the labour market in the period running up to Liberation Day. But bear in mind this revision only goes up to March 2025, so whatever happens today, it isn’t going to add to our sense of where the labour market is right now. Note that Bessent suggested the annual revision might be around 800k, when speaking over the weekend. This averages 66.6k per month if his number is to be taken literally rather than just an approximate level for the press.
For equities, the rate cutting narrative outweighed fears about an economic slowdown. So that led to a decent advance on both sides of the Atlantic, with the S&P 500 (+0.21%) closing less than a tenth of a percent from its record high, while the NASDAQ (+0.45%) hit a record high of its own. That said, defensive sectors struggled, leaving the equal-weighted S&P 500 (-0.04%) marginally lower. Meanwhile in Europe, the STOXX 600 (+0.52%) moved higher, and France’s CAC 40 (+0.78%) put in a decent performance too ahead of the result of the confidence vote.
Asian equity markets are mostly higher this morning. Across the region, the KOSPI (+1.11%) is leading gains, rallying for the sixth day, while the Hang Seng (+0.80%) is also trading notably higher, hitting its highest level since late 2021 despite paring gains above 1.5% earlier. Meanwhile, the Nikkei (+0.11%) has also surrendered larger gains, dropping over a percentage point from its morning highs. Elsewhere, the S&P/ASX 200 (-0.60%), the CSI (-0.41%) and the Shanghai Composite (-0.30%) are bucking the regional trend. S&P 500 (+0.14%) and NASDAQ 100 (+0.17%) futures are trading slightly higher.
To the day ahead now, and data releases include French industrial production for July, the US NFIB small business optimism for August, and there’s the preliminary benchmark revision for US payrolls. From central banks, we’ll hear from the ECB’s Nagel and Villeroy, and BoE Deputy Governor Breeden.
2b) European opening report
JPY bid on hawkish BoJ sources, USTs pressured into supply & BLS NFP Prelim Revisions – Newsquawk US Market Open
Tuesday, Sep 09, 2025 – 06:15 AM
- Global equity futures are modestly mixed; Anglo American & Teck merge to create a USD 50bln mining giant.
- USD is a little lower whilst JPY soars amid hawkish BoJ reports.
- OAT-Bund 10yr spread a little wider in the aftermath of French PM Bayrou’s removal, JGBs hit by BoJ sources.
- BoJ reportedly sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources; likely to keep rates unchanged on September 19th
- Crude rebounds and metals non-committal awaiting the next impetus.
- Looking ahead, US NFP Prelim. Benchmark Revisions, Apple Event, Comments from BoE’s Breeden, Supply from the US.
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TARIFFS/TRADE
- Japan’s trade negotiator Akazawa said US tariffs on Japanese goods, including cars, will be lowered by September 16th, according to Reuters citing a post on X. However, Akazawa later commented that tariff discussions with the US are not fully resolved and that Japan must ensure the trade deal is carried out.
- South Korea and the US are to resume working-level talks regarding tariffs, according to Yonhap
- South Korea’s presidential adviser said US trade negotiations are being delayed due to the issue of FX market impacts from the USD 350bln package and have asked the US to help find a solution to the capital market impact, while they told the US that they can’t agree on terms similar to Japan’s USD 550bln deal.
EUROPEAN TRADE
EQUITIES
- European bourses (STOXX 600 U/C) opened modestly firmer across the board, but now display a mixed picture, though with nothing really behind the slip in sentiment.
- European sectors opened with a strong positive bias, but as sentiment slipped, sectors are now mixed. Basic Resources tops the pile, boosted by gains in Anglo American (+10%); the Co. and Teck Resources (+10.3% pre-market) have merged to create a USD 50bln mining giant; the merger is expected to yield USD 800mln in annual synergies. Elsewhere, Banks and Media complete the top three; for the latter, UMG (+2.2%) boosts the sector after receiving a broker upgrade.
- US equity futures (ES +0.1%, NQ +0.2%, RTY +0.1%) began marginally firmer but are now mixed but with outperformance in the NQ, continuing a similar theme seen in the prior session.
- Click for the sessions European pre-market equity newsflow
- Click for the additional news
- Click for a detailed summary
FX
- DXY edged higher through the European session shortly after printing session lows coming out of APAC hours, where for the most part DXY saw some relief from Monday’s extension of post-NFP selling and as longer-dated US yields retreated. In terms of state-side news, the US Senate Banking panel is to vote on Miran’s Fed nomination on September 10th, according to Bloomberg. Further, White House is preparing a report critical of the Bureau of Labor Statistics, according to WSJ. DXY resides in a 97.253-97.519 range.
- EUR moves at the whim of the buck following initial choppiness coming out of Asian hours. In France, PM Bayrou lost in a landslide as expected, while President Macron is to name a new PM in the coming days, which may come after the September 10th strikes. The OAT-Bund spreads pushed wider after Bayrou’s defeat, though EUR/USD held steady. EUR/USD trades in a 1.1744-1.1780 band.
- JPY firmed in European hours following source reports that the BoJ sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources, but likely to keep rates unchanged on September 19th. Some officials are even of the view that a hike could be appropriate as early as October. Earlier sources via Reuters noted that while political uncertainty in Japan will not derail the BoJ’s normalisation plan, it could impact the timing of the next hike: “BoJ does not need to hike in the midst of turbulence”. USD/JPY fell under its 50 DMA (147.42) to a 146.56 trough from a 147.56 session high.
- GBP gained a firmer footing at the 1.3500 handle after G10 currencies generally took advantage of recent dollar selling, but with further upside limited amid light catalysts. Overnight, it was reported that UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT, although this caused little immediate follow-through on exchange rates. GBP/USD resides in a 1.3544-1.3583 range, ahead of BoE’s Breeden later.
- Antipodeans are holding the positive bias seen in APAC hours as the pairs are kept afloat after a firmer PBoC reference rate setting, but with gains capped following weaker Australian consumer sentiment and mixed business surveys.
- Norway’s Labour Party government won re-election backed by four smaller parties, according to official results.
- Click for a detailed summary
- Click for NY OpEx Details
FIXED INCOME
- A slightly softer start to the session for USTs, but only modestly so. Specifics light as we look to the BLS NFP benchmark revision report, an Apple event and then 3yr supply. Into this and mentioned supply USTs find themselves a little heavy, towards the lower end of a 113-11 to 113-19 band.
- JGBs were on a gradual descent across the APAC session and into the European morning, initially in-fitting with the modest pullback seen in peers but then accelerating on fresh BoJ sources. Firstly, Reuters reported that political uncertainty will not derail the BoJ’s normalisation plan, but could impact the timing. However, this was followed by a Bloomberg source that the BoJ still sees some chance of hiking this year (markets imply 15bps of tightening by end-2025). Even more hawkishly, the source stated some officials are of the view that an October hike could be appropriate (+8bps implied by markets). The hawkish elements sent JGBs to a 136.73 trough, lower by near enough 50 ticks at worst.
- OATs kicked off the day near enough unchanged to Monday’s close. With a small bout of pressure seen into the close as the French confidence vote hit just minutes before. However, as expected, the price reaction for OATs themselves has been fairly muted, due to the fall of Bayrou being very much priced in. One nuance on the reaction, but only really evident in the spread, was the slightly worse than expected vote split for him, as not all of the central alliance voted ‘for’ Bayrou. A nuance that perhaps explained the modest jump up in the OAT-Bund 10yr spread to 83.38bps this morning, eclipsing the 82.19bps peak that printed when Bayrou announced the vote. If the move continues, we look to the YTD peak at 88bps and then the 2024 peak of 90bps.
- Bunds are softer, with the pressure of a comparable scale to that outlined in USTs above; pressure which came ahead of a double green line outing. The auction was fairly in-line and had limited impact on Bunds. At a 128.97 low, above Monday’s 128.91 base and towards the upper-end of Friday’s 128.51 to 129.20 band; i.e. similar price action to USTs, as outlined above.
- Gilts echo the above. Down to 91.31 at worst but well clear of Monday’s 91.09 base and, like with Bunds and USTs, towards the upper end of a 90.65 to 91.31 range. Specifics for the UK a little light, supply was well received and lifted Gilts off worst levels and to a marginal new high at 91.48; though, the benchmark still languishes in the red by just under 10 ticks. That aside, we await a speech from Chancellor Reeves in the later part of the morning.
- UK sells GBP 1.75bln 4.75% 2043 Gilt: b/c 3.50x (prev. 3.38x), average yield 5.291% (prev. 5.155%) & tail 0.2bps (prev. 0.3bps).
- Germany sells EUR 0.49bln vs exp. 0.5bln 0.00% 2031 Green & EUR 0.85bln vs exp. EUR 1.0bln 2.50% 2035 Green Bund.
- Click for a detailed summary
COMMODITIES
- Crude edges higher in rangebound trade after the prior day’s fluctuations, whereby early gains due to OPEC+ and geopolitics were trimmed after Saudi Arabia lowered premiums for OSPs to Asia and North-West Europe. WTI currently resides in a 62.37-63.16/bbl range while Brent sits in a USD 66.12-66.94/bbl range.
- Precious metals are relatively rangebound trade amid light catalysts and head of risk events, with attention now on data releases, including the BLS prelim. benchmark revisions are scheduled today, followed by PPI on Wednesday and CPI on Thursday. Spot gold currently resides in a USD 3,628.48-3,659.43/oz after printing fresh record highs yet again.
- Base metals lack firm direction with the price action contained within a tight range after the indecisive performance on Monday, and with newsflow light today. 3M LME copper resides in a USD 9,894.20-9,963.70 /t range at the time of writing.
- Iraq sets October Basra medium crude official selling price to Asia at USD 1.35/bbl premium to Dubai average; Selling price for Europe set at -USD 2/bbl versus Dated Brent; Selling price to North and South America at -USD 1/bbl versus ASCI.
- US Interior Secretary says they have the capacity to replace all Russian gas to Europe.
- HSBC expects “OPEC+ to start unwinding 1.65mbd voluntary cuts from October”; HSBC maintains USD 65/bbl Brent forecast from Q4, with rising downside risks from rising market surplus.
- Click for a detailed summary
NOTABLE DATA RECAP
- UK BRC Retail Sales YY (Aug) 2.9% (Prev. 1.8%); Total Sales YY (Aug) 3.1% (Prev. 2.5%)
- French Industrial Output MM (Jul) -1.1% vs. Exp. -1.5% (Prev. 3.8%, Rev. 3.7%).
NOTABLE EUROPEAN HEADLINES
- Barclays UK August Consumer Spending rose 0.5% Y/Y vs prev. 1.4% Y/Y increase in July.
- Newsquawk Analysis: French PM Bayrou lost, as expected. What next?
NOTABLE US HEADLINES
- US Senate Banking panel to vote on Miran’s Fed nomination on September 10th, according to Bloomberg.
- White House is preparing a report critical on the Bureau of Labor Statistics, according to WSJ
GEOPOLITICS
MIDDLE EAST
- Israel conducted strikes in the vicinity of Syria’s Homs, Palmyra and Latakia cities.
- Downing Street spokesperson said Palestinian President Abbas welcomed UK PM Starmer’s pledge to recognise a Palestinian state ahead of the UN General Assembly meeting later this month.
- “Iranian government: The regime’s leadership will decide to withdraw from the Nuclear Non-Proliferation Treaty”, via Al Arabiya.
- Iran-IAEA agreement likely at Cairo talks, according to Tasnim News.
RUSSIA-UKRAINE
- Ukraine is at risk of a shortage of air defence weapons after a US DoD review of military aid resulted in slower deliveries, according to officials cited by FT.
OTHER
- North Korea’s leader Kim observed solid fuel engine tests and said it marks an important change to the nuclear force.
- Chinese President Xi sent congratulations to North Korea’s Kim on the founding anniversary, while it was separately reported that President Xi said China is ready to enhance strategic communication and maintain close cooperation with North Korea for regional and world peace, and development, according to Xinhua.
CRYPTO
- Bitcoin is a little firmer and trades just under USD 113k, with Ethereum also moving higher towards USD 4.4k.
APAC TRADE
- APAC stocks traded mixed as the region failed to fully sustain the mildly positive handover from Wall St, with price action contained amid light fresh catalysts and as participants looked ahead to upcoming events, including inflation data scheduled in the next couple of days.
- ASX 200 was dragged lower with notable weakness in Energy, Industrials, Real Estate and Financials, with sentiment also not helped by a deterioration in consumer confidence and mixed business surveys.
- Nikkei 225 initially rallied above the 44,000 levels to print a fresh record high, but then gradually faded its gains as political uncertainty lingered.
- Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark led higher by outperformance in real estate and tech, with the former helped as China’s MIIT pledged to accelerate breakthroughs in high-performance chip technology. Conversely, the mainland lagged amid lingering global frictions with EU officials reportedly discussing potential sanctions on China and other parties for the purchase of Russian energy, while Chinese President Xi recently took aim at a ‘certain country’ increasing trade war risks.
NOTABLE ASIA-PAC HEADLINES
- BoJ reportedly sees some chance of hiking this year, despite the political situation, via Bloomberg citing sources; likely to keep rates unchanged on September 19th. Sees steady progress towards the BoJ price target. Sees the US trade deal as removing some risks to growth. Some officials are even of the view that a hike could be appropriate as early as October.
- Reuters sources report that while political uncertainty in Japan will not derail the BoJ’s normalisation plan, it could impact the timing of the next hike; add, “BoJ does not need to hike in the midst of turbulence”. “no rush…as long as it gets another rate hike done possibly by early next year”.
- Bank of Japan likely to slightly reduce purchases of super-long Japanese government bonds in Q4 2025, according to Reuters sources. BoJ to make final decision on 30 September, influenced by 20-year government bond auction on 17 September and market volatility in super-long JGB yields.
- China’s Ministry of Industry and Information Technology said in a briefing that China is to accelerate breakthroughs in high-performance chip technology and will guide 10-gigabit optical networks from pilot testing to deployment.
- Japanese Finance Minister Kato said he will carefully consider the possibility when asked about entering the LDP leadership race, while he noted that Japan’s economy is showing bright signs, but there is a need to support those suffering from rising prices, including food prices.
- Japanese LDP politician Kono reiterated that if the BoJ delays rate hikes, it would boost inflation, and noted they need to fix a weak yen, so the BoJ needs to hike rates, while he added that a sales tax cut would increase the deficit, and said he is ‘sleeping on’ whether to run for LDP leadership.
DATA RECAP
- Australian Consumer Sentiment (Sep) -3.1% (Prev. 5.7%)
- Australian NAB Business Confidence (Aug) 4.0 (Prev. 7.0, Rev. 8); Conditions (Aug) 7.0 (Prev. 5.0
2c) Asian opening report
French PM Bayrou loses, Macron to name a new PM in the coming days – Newsquawk Europe Market Open
Tuesday, Sep 09, 2025 – 01:19 AM
- French PM Bayrou lost the confidence vote in the National Assembly, as expected; French President Macron said he will name a new PM in the coming days.
- UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT.
- US Senate Banking panel to vote on Miran’s Fed nomination on September 10th, according to Bloomberg.
- European equity futures indicate a marginally lower cash market open with Euro Stoxx 50 futures down 0.4% after the cash market closed with gains of 0.8% on Monday.
- Looking ahead, highlights include French Industrial Output, US NFP Prelim. Benchmark Revisions, Apple Event, Comments from BoE’s Breeden, Supply from Netherlands, UK, Germany & US.
- Click for the Newsquawk Week Ahead.
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1. Subscribe to the free premarket movers reports
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US TRADE
EQUITIES
- US stocks notched marginal gains with outperformance seen in the Nasdaq 100 thanks to strength in the Tech and Consumer Discretionary sectors. On the flipside, Utilities, Real Estate and Consumer Staples underperformed while overall breadth was weak.
- Equities were bid at the open but were pressured during the last few hours of trade despite little fresh news driving price action, with participants still cognizant of the soft labour market report seen last Friday as they look ahead to inflation data this week.
- SPX +0.21% at 6,495, NDX +0.46% at 23,762, DJI +0.25% at 45,515, RUT +0.16% at 2,395.
- Click here for a detailed summary.
TARIFFS/TRADE
- NVIDIA (NVDA) said they have received several H20 licenses for their key customers in China, via the GS conference.
- US FCC launched proceedings to withdraw recognition from seven Chinese test labs, citing national security concerns.
- Japan’s trade negotiator Akazawa said US tariffs on Japanese goods, including cars, will be lowered by September 16th, according to Reuters citing a post on X. However, Akazawa later commented that tariff discussions with the US are not fully resolved and that Japan must ensure the trade deal is carried out.
- South Korea and the US are to resume working-level talks regarding tariffs, according to Yonhap
- South Korea’s presidential adviser said US trade negotiations are being delayed due to the issue of FX market impacts from the USD 350bln package and have asked the US to help find a solution to the capital market impact, while they told the US that they can’t agree on terms similar to Japan’s USD 550bln deal.
NOTABLE HEADLINES
- US Senate Banking panel to vote on Miran’s Fed nomination on September 10th, according to Bloomberg.
- White House is preparing a report critical on the Bureau of Labor Statistics, according to WSJ
APAC TRADE
EQUITIES
- APAC stocks traded mixed as the region failed to fully sustain the mildly positive handover from Wall St, with price action contained amid light fresh catalysts and as participants looked ahead to upcoming events, including inflation data scheduled in the next couple of days.
- ASX 200 was dragged lower with notable weakness in Energy, Industrials, Real Estate and Financials, with sentiment also not helped by a deterioration in consumer confidence and mixed business surveys.
- Nikkei 225 initially rallied above the 44,000 levels to print a fresh record high, but then gradually faded its gains as political uncertainty lingered.
- Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark led higher by outperformance in real estate and tech, with the former helped as China’s MIIT pledged to accelerate breakthroughs in high-performance chip technology. Conversely, the mainland lagged amid lingering global frictions with EU officials reportedly discussing potential sanctions on China and other parties for the purchase of Russian energy, while Chinese President Xi recently took aim at a ‘certain country’ increasing trade war risks.
- US equity futures remained afloat after recent gains but with upside capped by a lack of fresh catalysts and with participants awaiting data and today’s Apple event.
- European equity futures indicate a marginally lower cash market open with Euro Stoxx 50 futures down 0.4% after the cash market closed with gains of 0.8% on Monday.
FX
- DXY was little changed but got some slight reprieve after declining yesterday in an extension of post-NFP selling and as longer-dated US yields retreated, while recent key updates included President Trump announcing his final three picks to replace Fed Chair Powell, including Former Fed Governor Warsh, current Fed Governor Waller, and NEC Director Hassett. Furthermore, the attention now turns to data releases including the BLS prelim. benchmark revisions scheduled today, followed by PPI on Wednesday and CPI on Thursday.
- EUR/USD marginally extended on advances after having benefitted from a softer dollar and despite the confidence vote in France, which PM Bayrou lost in a landslide as expected, while President Macron is to name a new PM in the coming days, which may come after the September 10th strikes.
- GBP/USD gained a firmer footing at the 1.3500 handle after G10 currencies generally took advantage of recent dollar selling, but with further upside limited amid light catalysts.
- USD/JPY trickled further beneath the 148.00 handle after fully reversing the recent Ishiba-triggered surge.
- Antipodeans kept afloat after a firmer PBoC reference rate setting, but with gains capped following weaker Australian consumer sentiment and mixed business surveys.
- Norway’s Labour Party government won re-election backed by four smaller parties, according to official results.
FIXED INCOME
- 10yr UST futures took a breather after yesterday’s upward momentum and curve flattening as US President Trump narrowed the Fed Chair picks to three, and with eyes turning to the BLS prelim. benchmark revisions, CPI/PPI data and looming supply.
- Bund futures slightly pulled back after recent advances and with demand contained heading into a total of EUR 4bln of Bund issuances spread over two days.
- 10yr JGB futures remained lacklustre amid little fresh drivers and in the absence of tier-1 data, while political uncertainty lingered.
COMMODITIES
- Crude futures edged higher in rangebound trade after the prior day’s fluctuations, whereby early gains due to OPEC+ and geopolitics were trimmed after Saudi Arabia lowered premiums for OSPs to Asia and North-West Europe.
- Spot gold steadily extended on advances and printed a fresh record high following recent dollar weakness.
- Copper futures lacked firm direction with the price action contained within a tight range after the indecisive performance on Monday.
CRYPTO
- Bitcoin saw two-way price action with early pressure on a dip below the USD 112k level before gradually paring most of the losses in the latter half of the session.
NOTABLE ASIA-PAC HEADLINES
- China’s Ministry of Industry and Information Technology said in a briefing that China is to accelerate breakthroughs in high-performance chip technology and will guide 10-gigabit optical networks from pilot testing to deployment.
- Japanese Finance Minister Kato said he will carefully consider the possibility when asked about entering the LDP leadership race, while he noted that Japan’s economy is showing bright signs, but there is a need to support those suffering from rising prices, including food prices.
- Japanese LDP politician Kono reiterated that if the BoJ delays rate hikes, it would boost inflation, and noted they need to fix a weak yen, so the BoJ needs to hike rates, while he added that a sales tax cut would increase the deficit, and said he is ‘sleeping on’ whether to run for LDP leadership.
DATA RECAP
- Australian Consumer Sentiment (Sep) -3.1% (Prev. 5.7%)
- Australian NAB Business Confidence (Aug) 4.0 (Prev. 7.0, Rev. 8)
- Australian NAB Business Conditions (Aug) 7.0 (Prev. 5.0)
GEOPOLITICS
MIDDLE EAST
- Israeli PM Netanyahu warned Gaza residents to leave now, with forces organising and assembling in Gaza City for a ground manoeuvre.
- Israel conducted strikes in the vicinity of Syria’s Homs, Palmyra and Latakia cities.
- Downing Street spokesperson said Palestinian President Abbas welcomed UK PM Starmer’s pledge to recognise a Palestinian state ahead of the UN General Assembly meeting later this month.
- Iran’s Foreign Minister and IAEA Chief Grossi are set to meet on Tuesday, but the meeting remains contingent on being close enough to reach an access deal there, according to WSJ’s Norman.
RUSSIA-UKRAINE
- Ukraine is at risk of a shortage of air defence weapons after a US DoD review of military aid resulted in slower deliveries, according to officials cited by FT.
- Ukrainian President Chief of Staff discussed Russian strikes with US Secretary of State Rubio and said a government building was hit on Saturday by a Russian ballistic missile.
OTHER
- North Korea’s leader Kim observed solid fuel engine tests and said it marks an important change to the nuclear force.
- Chinese President Xi sent congratulations to North Korea’s Kim on the founding anniversary, while it was separately reported that President Xi said China is ready to enhance strategic communication and maintain close cooperation with North Korea for regional and world peace, and development, according to Xinhua.
EU/UK
NOTABLE HEADLINES
- UK Chancellor Reeves is to tell ministers to prioritise the fight against inflation in a Cabinet meeting today, according to FT.
- Barclays UK August Consumer Spending rose 0.5% Y/Y vs prev. 1.4% Y/Y increase in July.
- French PM Bayrou lost the confidence vote in the National Assembly, as expected, while it was separately reported that ousted French PM Bayrou will submit his resignation to President Macron on Tuesday morning, and French President Macron said he will name a new PM in the coming days.
- ECB Villeroy said they are in a good position with inflation in Europe.
DATA RECAP
- UK BRC Retail Sales YY (Aug) 2.9% (Prev. 1.8%)
- UK BRC Total Sales YY (Aug) 3.1% (Prev. 2.5%)
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN
3C CHINA
CHINA/
4. European affairs and NATO
FRANCE:
WOW!! French bond yields higher than Italy!!
Govt Crisis Sends French Bond Yields Above Italy’s For First Time In EU History
Tuesday, Sep 09, 2025 – 09:26 AM
For the first time since the euro-zone’s inception, French 10Y borrowing costs exceeded those of Italy as investors anxious amid the ongoing dysphoria over budget deficits and debt piles.
As Bloomberg reports, for market veterans, it’s a remarkable development given lower-rated Italy was for years the region’s poster-child for fiscal profligacy.
Now it’s France that’s worrying investors over the size of its deficit, with Prime Minister Francois Bayrou set to resign later Tuesday after losing a confidence vote.
“Expectations for a speedy resolution to France’s political and fiscal woes are likely to remain constrained,” said Sam Hill, head of markets insights at Lloyds.
Its bonds will remain sensitive to broader market concern over budget deficits and debt piles, he added.
Bayrou’s successor will need to find a way to pass a budget in a splintered parliament, an exercise that’s toppled the last two prime ministers.
French bonds have been the worst performing in the region since President Emmanuel Macron called a surprise election last year.
We do note that it’s not quite apple to apples as a maturity mismatch distorts the comparison between the two nation’s yields.
The new French benchmark yield is based on a bond maturing in November 2035, several months after the Italian equivalent. That means the French yield reflects additional duration risk.
Still, it’s the latest unwanted market milestone for French officials.
President Macron is expected to name a successor from the center (defined broadly) or with a technocratic profile.
“The expectation is for the next French PM to be a placeholder,” said Elliot Hentov, head of macro policy research at State Street Investment Management.
“For investors, the real concern is that the electorate is neither coalescing around a clear majority nor seems particularly concerned with fiscal deterioration.”
The market is likely to judge any incoming PM on their ability to pursue budget consolidation while creating room for compromise within the current make-up of parliament, in particular with the center-left.
2026 deficit expectations are already relatively pessimistic, suggesting markets were already primed for substantial slippage vs the 4.6% deficit target of PM Bayrou.
Combining a deficit likely to land at 5.4% this year and the ambitious initial target for 2026, Goldman continues to see a path for sequential improvement in deficits, with concessions to opposition parties – their economists’ baseline forecast is for a deficit of 5.2%.
With debt-to-GDP on an increasing trend and diverging from Euro area peers for a number of years, political uncertainty may place higher scrutiny on fiscal sustainability, including from a more medium-term perspective.
Assuming such a budget can be passed, Goldman believes it would be sufficient to provide relief to OATs into year-end. Under this baseline, Goldman expects OATs to settle at ~70bp over Bunds at the 10y point.
Goldman sees limited market risk from rating decisions given OATs already trade wider than their current rating and should remain investment grade.
France will see a sequence of rating actions in coming months, starting with Fitch (AA-, negative outlook) on September 12, followed by Moody’s (Aa3, stable outlook) on October 24, and S&P (AA-, negative outlook) on November 28.
A collapse of the Bayrou government, in itself and/or associated with an increase in deficit expectations, would make further rating downgrades more likely. That said, we do not expect a meaningful market impact from such decisions. A scatter of EGB yields against ratings suggests OATs already trade wider than their rating.
This is consistent with the view that markets have moved ahead, as the macro and policy environment evolved. For that reason, we do not expect rating decisions to carry a lot of forward-looking insights for markets and instead expect them to validate current pricing. We had shown in prior research that only a downgrade to non-investment grade provided a reliable signal of spread widening against peers.
Finally, the biggest tail risk Goldman sees for France is a scenario where the market prices risks of an earlier presidential election.
In this scenario, policy uncertainty would broaden beyond the headline deficit reduction, and markets could even price deeper tails, for instance questioning France’s commitment to EU rules and membership, as in 2017.
Frexit fears are on the rise…
The path for that is very narrow as it likely entails a succession of events that are individually off our baseline view.
Namely, it may require a failure to negotiate within the current make-up of parliament, fresh elections that deliver a strong majority outside of the center, and President Macron forfeiting his prerogative to set the foreign policy agenda until mid-2027.
This is nonetheless a risk to bear in mind – a Polymarket contract shows 7% odds on that outcome by end-2025.
end
UK/
The Nuclear Waste Problem Haunting UK Energy Expansion
Tuesday, Sep 09, 2025 – 05:00 AM
Authored b y Felicity Bradstock via OilPrice.com,
- Effective nuclear waste management is a critical global challenge, particularly for countries like the UK looking to expand their nuclear power sectors.
- The UK has a substantial amount of existing radioactive waste and is struggling to implement a long-term disposal solution, with the proposed underground geological disposal facility facing significant hurdles and cost concerns.
- Public and local community pushback against potential nuclear waste sites further complicates the development of new disposal facilities, making finding a solution an ongoing and difficult process.
One of the biggest hurdles to expanding the global nuclear power sector is the concern over how best to manage nuclear waste.
While some believe they have found sustainable solutions to dispose of nuclear waste, there is still widespread debate around how safe these methods are and the potential long-term impact of waste disposal and storage.
In the United Kingdom, the government has put nuclear power back on the agenda, after decades with no new nuclear developments; however, managing nuclear waste continues to be a major barrier to development.
Nuclear waste remains radioactive for around 10,000 years, meaning it is vital that governments dispose of all waste effectively to ensure people and the environment are kept safe in the long term.
As more governments welcome a new nuclear era, they must address nuclear waste concerns and establish clear guidelines and regulations on disposal to ensure that all nuclear power companies adhere to strong safety standards and practices.
There are three types of nuclear waste: low-, intermediate-, and high-level radioactive waste.
Most of the waste produced at nuclear facilities is lightly contaminated, including items such as tools and work clothing, with a level of around 1 percent radioactivity.
Meanwhile, spent fuel is an example of high-level waste, which contributes around 3 percent of the total volume of waste from nuclear energy production.
However, this contains around 95 percent of the radioactivity, making adequate waste management of these products extremely important.
In the U.K., the government continues to battle with how best to dispose of its nuclear waste, as it looks to expand the industry over the coming decades. The U.K. has 700,000 cubic metres of radioactive waste from its previous nuclear power activities, a figure that will grow as more nuclear projects come online. The government is now considering the development of a massive underground nuclear dump, known as a geological deposit facility (GDF), to safely dispose of the waste. While no site has been confirmed for development, it is expected to be developed in one of two potential sites in Cumbria, in the north of England.
A U.K. Department for Energy Security and Net Zero spokesperson stated, “Constructing the UK’s first geological disposal facility will provide an internationally recognised safe and permanent disposal of the most hazardous radioactive waste.”
They added, “Progress continues to be made in areas taking part in the siting process for this multibillion-pound facility, which would bring thousands of skilled jobs and economic growth to the local area.”
However, the U.K. Treasury believes the government’s plan for the waste dump is “unachievable”, rating the project as “red”, or not possible, in a recent assessment. This means that, “There are major issues with project definition, schedule, budget, quality and/or benefits delivery, which at this stage do not appear to be manageable or resolvable. The project may need rescoping and/or its overall viability reassessed.” In addition, there are concerns over the projected project cost, which is expected to be anywhere up to $73 billion.
Richard Outram, the secretary of Nuclear Free Local Authorities, explained, “The Nista red rating is hardly surprising. The GDF process is fraught with uncertainties, and the GDF ‘solution’ remains unproven and costly.”
At present, the U.K. stores most of its nuclear waste at its Sellafield facility in Cumbria, which is viewed as one of the most complex and hazardous nuclear sites worldwide. However, with the planned decommissioning of several power plants and the development of new nuclear facilities, the government must address its imminent waste issue. This is a long-term problem, with it expected to take until 2150 to dispose of the country’s existing waste into a GDF, if one is developed, before disposing of new waste.
In June, Lincolnshire County Council withdrew from being a potential site for the GDF after engaging with communities about the proposal. This is a common problem with developing nuclear waste sites, as the pushback in proposed waste regions often prevents development due to a not-in-my-backyard perspective from residents in the area. It is still unclear whether communities in Cumbria will hold a similar opinion. Corhyn Parr, the CEO of Nuclear Waste Services, said, “A GDF requires a suitable site and a willing community and will only be developed when both are in place.”
Several countries around the globe are battling with how best to dispose of old and new nuclear waste, as a nuclear renaissance is starting to be seen, in line with global aims for a green transition. While nuclear power is now viewed as extremely safe and clean, there are pressing concerns around the adequate disposal of waste, which can be extremely harmful to human health and the environment if improperly managed, that must be rapidly addressed.
GERMANY EU
Unbelievable!!
EU Censors German Police Boss’s Chilling 2050 Immigration Nightmare Post
Tuesday, Sep 09, 2025 – 11:05 AM
What will Germany look like in 2050? The outspoken deputy head of the German police union (DPolG), Manuel Ostermann, published an excerpt from his book on X about what he sees as the perils of mass immigration. His post described Arab clans dominating big cities in 2050, Sharia law, child marriage, grooming gangs, and a host of other ills. Now, the European Union has censored his post from being seen across the entire continent in a major escalation against a public official, one who is considered one of the leading voices of tens of thousands of German police officers, and a voice frequently appearing in major German news outlets, including Welt and Bild.
Here is the original text, published by Remix News in English, which was translated before his post was censored.
For those looking for the post, they are now greeted with this text. Likely, the post was removed under the Digital Services Act, a powerful tool used to suppress speech on Europe’s web.
However, Ostermann’s prediction is a perfectly valid exercise of speech in any free and democratic society. Even if his predictions are wrong, or even if some do not turn out to be true, Germany and other EU nations still guarantee a constitutional right to such speech.
Furthermore, there is much evidence to support his conclusions, at least in part.
“By the way, this text comes from my book ‘Germany is no longer safe.’ I’m pleased that it’s being debated, because that’s how reality, unfortunately, can look quite rapidly in Germany,” he wrote in a post that is still visible.
Will the EU also ban his book? If they are willing to censor sections of a book, they are also willing to censor entire books. It is certainly a dark turn of events that Europe is actively censoring a police official and union deputy leader amid an ongoing public debate about immigration and its effect on European nations.
Ostermann’s post was not created in a vacuum. He has a bird’s eye view in his role as a police officer of the chaos wrought by Germany’s open borders ideology. While his warning is stark, it is fair to make predictions based on current events and data.
Let’s address some of the facts.
Arab clans dominate the big cities
“Imagine Germany in 2050. Arab clans dominate the big cities. Gangs fight each other in the fight for sovereignty in organized crime. People who don’t belong to the “right side” are murdered on the street. Even the police hardly dare to go to certain areas known as no-go areas anymore. Drug deaths hit an all-time high,” wrote Ostermann.
What exactly is the issue with the censors here?
Clan crime is a major problem within German cities, and it is almost entirely derived from Muslim countries, including Lebanon, Turkey, and even Syria. There are similar problems in neighboring countries, including Moroccans and Chechens operating in France and the Netherlands, and warring over the country’s drug trade.
Germany’s only public media networks routinely run articles and documentaries on the country’s growing clans and their power. In fact, a recent slickly produced ZDF documentary details how these clans have infiltrated the government and police forces to the point that fellow police officers cannot even trust each other.
“Kriminelle Clans in Deutschland” shows that criminal networks not only exercise control in some areas of large cities, but have also established their influence nationwide, right up to state institutions. Accumulating huge wealth illegally, they have built a tight network that includes law enforcement professionals.
“It is a murderous and extremely criminal milieu that goes on there. And now on so many levels that we no longer know whether we can really stop it at all. Were raids betrayed, investigations manipulated and employees bought off by the authorities? There is even despair in certain police stations,” states the narrator.
As Germany’s foreign population grows, so does clan crime, or at least the potential for such crime.
Just this year, 100 Lebanese clan members battled on the streets. Here is what Remix News wrote: “There was a bloodbath on the streets of Germany after two extended Lebanese family groups fought in a battle that reportedly involved 100 people in the city of Heiligenhaus. The two groups battled using machetes, knives, and other weapons, leading to a mass police operation that resulted in at least five serious injuries, including one that is life-threatening. Police made several arrests.”
Incredible violence, attacks on police, and corruption at the highest levels are already the case to a large degree in a number of European cities. In Marseilles, killings have hit a record high and foreign gangs dominate the city’s drug trade.
In the Netherlands, even the royal family has been threatened by the power wielded by foreign criminals.
Regarding the potential for drug overdose deaths, the situation could go many different ways, but drug overdose deaths in the EU are hovering near a peak. With the flood of synthetic opioids coming into Europe, the situation could worsen.
Is there any guarantee that Germany can escape such developments? Certainly not. Osterman presents a valid prediction based on trend lines, and certainly, there are no grounds to censor his prediction.
Sharia law and women’s rights
“In some districts, only Sharia law is recognized as valid law.“
Already, Austrian courts are recognizing Sharia law as valid so long as it does not contradict fundamental rights and higher state laws. However, this may be only a stepping-stone ruling.
In Germany itself, there is a small but vocal minority of Muslims who are openly protesting in favor of a German caliphate in cities like Hamburg.
However, this is not the most concerning development. Instead, in a major study conducted by the Criminological Research Institute (KFN), it showed that nearly half of young Muslims in Germany believe a theocracy is the best form of government.
In the same study, 67.9 percent of young Muslims said that the rules of the Quran were more important than the laws in Germany. This was also all reported by the state-run news network WDR.
This also means there are hundreds of thousands of Muslims who do not hold these beliefs, but the sheer numbers are also extremely worrying.
Nearly every single Muslim country on Earth is either ruled by classic Sharia law or has many elements of Sharia law incorporated into its legal system. Not every country is ruled by a strict standard, but many feature extremely harsh versions of such laws, including laws that openly target homosexuals and women.
Within Germany itself, the situation is potentially explosive, with an alarming number of Muslims feeling alienated living in a Western democratic society. Many of them harbor ideas that can be considered more radical, including a willingness to turn to violence.
A study by the University of Münster showed that “for around 20 percent of the approximately 1,900 (Muslim) respondents, a perceived insult would not be compensated for. Those affected then blame their emotional misery on an abstract perpetrator, namely German society in general. Around 11 percent of this group are also prepared to defend Muslim interests with violence.”
That 11 percent is no small number, and could represent hundreds of thousands of people. Often, it is radicals in a society who push social reform in their direction.
One quote from Ostermann’s excerpts stood out: “Women are only allowed to go out on the streets unless fully veiled and accompanied by a male relative.”
Again, Ostermann is not making an idle claim here. In many Middle Eastern and African countries, this is a serious issue for women. In fact, Human Rights Watch released an entire report on the issue, writing:
“Women across the Middle East and North Africa region face varying restrictions preventing them from moving freely in their own country and from traveling abroad without the permission of their male guardians—typically their fathers or brothers, and when married, their husbands.”
As Human Rights Watch notes, there is a tremendous number of countries where women need outright permission from their husbands to leave their homes.
“In positive news, some countries such as Algeria, Morocco, and Tunisia have removed language around women’s obedience to their husbands which led to restrictions on their movements. However, 15 countries in the region still apply personal status or family laws that require women to either “obey” their husbands or live with them, and/or deem women disobedient if they leave the marital home or work or travel without their husbands’ permission. Courts can order them to return to their marital home; if they do not, they can lose their right to spousal maintenance from their husbands.”
Even Germany’s own Deutsche Welle has covered this topic.
Why is this development impossible in Germany?
In 25 years, Germany’s baby boomer population will have mostly passed away, which will represent a massive demographic shift in the country. The country will, according to all demographic trends, become more Muslim. Pew Research predicts up to 17.1 milllion Muslims in Germany in 2050. If more and more Muslims hold positions of power, as they do in the U.K., they may have more and more opportunities to shape Germany in ways that align with their cultural norms. Certainly, they may enforce these rules in their own neighborhoods and districts, with authorities mostly turning a blind eye to such practices.
Another prediction from Ostermann: “The streetscape in these cities is dominated by Arab shops and traders.”
Ostermann’s claim here is more or less already the reality in many neighborhoods in Germany’s big cities. German stores, pubs, and even butchers have been greatly pushed out, often because there is simply no market for them. However, there are other forces at work that lead to these developments, not only immigration.
Arabic dominates
“You only hear Arabic. Germans have moved to other parts of the city and no longer dare to go back. In schools, lessons can only take place bilingually,” Ostermann also writes.
Again, what is the issue with this prediction? Already, there are numerous schools where 98 percent of the student body has a migration background and where the majority of students entering the school do not even speak a word of German. This is simply a fact.
This trend is already in its early stages. There have been massive demographic shifts in a number of major European cities. Vienna is already farther along. There, Muslims make up 41 percent of the elementary school student body, outnumbering Christians for the first time.
Language problems are rife, and in many areas, Arabic languages dominate. In fact, in Vienna, 70 percent of students do not speak German in their everyday life.
In 25 years, if these trends continue, it is hard to see how this situation will not dramatically worsen, just as Ostermann predicts: “The law of the strongest prevails in the playground.”
Remix News has discussed this issue many times. Berlin schools have seen violence skyrocket. Students are stabbed or threatened with knives at an alarmingly high rate. Ethnic Germans are picked on, marginalized, and assaulted.
These are not isolated incidents, and even left-wing voters will acknowledge that there are tremendous problems for German children in heavily migrant schools. Green and affluent left-wing voters increasingly isolate their children in private schools, in gifted programs, or in wealthy enclave neighborhoods to protect their children from these issues. All the while, these same parents hold true to their ideology, despite the reality on the ground for thousands of other students.
“Girls and women only dare to be around people with pepper spray in their pockets. Gang rapists and so-called grooming gangs wreak havoc with impunity.”
Ostermann refers to a reality that is already in place, as insecurity among women has already greatly increased. Surveys show that the German populace feels increasingly afraid to go outside and feels the police have lost control, while violent crime is near or has surpassed record highs, largely due to mass migration.
Women have turned to self-defense tools, but those are largely limited in Germany.
Women are expressing their feelings of insecurity on the web quite openly.
Foreigners and men with a migration background already account for up to three-quarters of all gang rapes in Germany. However, in the U.K., where grooming gangs were targeting thousands of women, nearly all suspects were from Pakistan and other Muslim countries. To say that such a development in Germany is impossible is simply not realistic.
Does that mean all Muslims are gang rapists? Of course not, but what is happening in Germany, what has happened in countries like the U.K., and the threat that Muslim and African women face in their own countries cannot be denied.
Child marriage, genital mutilation
“Muslim girls, who are still pre-adolescent, like to be married to older men. Genital mutilation is practiced quite naturally in certain circles.”
Again, Ostermann is not far off. Regarding child marriage, this is already a growing problem in Germany, which the government readily admits.
Already in 2019, the authorities registered 819 marriages with a minor. Although Germany has a law to protect minors from forced marriages, it does not apply in practice, and the number of child marriages in Germany was described as rapidly rising, with 98 percent of those affected having a migration background.
Child marriages are not only the practice of people from Syria, Iraq, or Afghanistan but also from Turkey and even Bulgaria, according to German news outlet Focus.
“In fact, there are many more,” said Monika Michell from the Terre des Femmes organization in 2019.
India leads the world in child marriages, with over 15 million recorded. However, other countries like Pakistan, Bangladesh, and Nigeria feature millions of child brides.
How prevalent this practice will be in Germany depends entirely on what share of the population features foreigners from countries where this is already commonly practiced. As Germans head towards minority status, foreigners may become more open about such practices as they gain political power and shape cultural norms.
That leads us to the next issue, genital mutilation.
Germany once again admits itself that it has a serious problem with this practice, entirely due to foreign populations arriving in the country. Already five years ago, the federal government reported that Germany had 68,000 victims of female genital mutilation.
The number of girls and women who are victims of female genital mutilation (FGM) in Germany has increased by 44 percent since 2017 to 68,000, announced German Minister for Family Affairs Franziska Giffey
According to the minister, mainly migration is to blame for the massive increase as many migrants coming to Germany commonly practice FGM in their own home countries. The practice, which is a human rights violation, involves the ritual cutting off some or all of the external female genitalia.
Giffey confirmed that the increase in cases compared to 2017 is so significant because of the rising numbers of immigrants from Eritrea, Somalia, Indonesia, Egypt, and Nigeria arriving in Germany,
Censorship is not the answer to these issues
All of Ostermann’s fears and predictions are grounded in reality, even if some do not come to pass. The EU’s act of censorship is a gross violation of his fundamental rights.
Will they all turn out to be true? Much could happen in the future, but the answer is not to censor leading voices, even if they are delivering a message that is highly uncomfortable for the ruling elite.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
ISRAEL /GAZA/HEZBOLLAH/IRAN/SUMMARY OF THE LAST 24 HR/TBN
Khalil al-Hayya, Khaled Mashaal, Zaher Jabarin: The Hamas chiefs targeted in Qatar – explainer
Key targets in Israel’s operation include acting leader Khalil al-Hayya, former head Khaled Mashaal, and finance chief Zaher Jabarin.
From Left: Hamas leaders Khalil al-Hayya, Khaled Mashaal, and Zaher Jabarin.(photo credit: NASEEM ZEITOON/REUTERS, SECTION 27A COPYRIGHT ACT, YAMAM AL SHAAR/REUTERS)ByAARON REICHSEPTEMBER 9, 2025 18:22Updated: SEPTEMBER 9, 2025 19:01
Israel on Tuesday carried out a targeted airstrike in Doha, Qatar, in an attempt to assassinate several top members of the Hamas leadership.
Key targets in this operation were Khalil al-Hayya, Khaled Mashaal, and Zaher Jabarin, whose fates are all unknown at the time of writing.
But who are these three people and what roles do they have in Hamas?
Here is everything you need to know.
Who is Khalil al-Hayya?
Khalil al-Hayya is the acting leader of Hamas, having been part of the quinquevirate (five-member) leadership that made up Hamas’s uppermost echelons in the wake of the assassination of Yahya Sinwar in October 2024.
Born in Gaza, Hayya has been a member of Hamas for decades and was a longtime close ally of Sinwar. This close relationship reportedly led him to act as Sinwar’s main representative to the Hamas politburo overseas, which some sources attributed to Sinwar’s frosty relationship with the terrorist organization’s senior figures in exile.
This position also allowed Hayya to foster strong ties with some of Hamas’s allies, such as Iran.
In 2022, he led a Hamas delegation to Damascus to mend ties with former Syrian president Bashar al-Assad, which were broken a decade earlier when the movement endorsed the largely Sunni uprising against Assad, a member of the minority Alawite sect.
Hayya has been very vocal about his support of the October 7 massacre, saying that the attack succeeded in bringing the Palestinian issue back into international focus. However, he has also said it was meant to be a limited operation to capture “a number of soldiers” to swap for jailed Palestinians.
“But the Zionist army unit completely collapsed,” he said in comments published by the Hamas-linked Palestinian Information Center, referring to the IDF.
He further climbed the ranks of the organization in 2024 following the IDF assassination of senior Hamas official Saleh al-Arouri.
In December 2024, Hayya also reportedly took over leadership of the Izzadin al-Qassam Brigades, the armed wing of Hamas.
But the most public and notable role Hayya has played in Hamas is as the terrorist group’s chief negotiator, being the primary figure attending the many hostage deal and ceasefire negotiations.
Throughout his time in Hamas, Hayya has survived numerous assassination attempts against him, some of which reportedly resulted in the deaths of many of his relatives.
Who is Khaled Mashaal?
Khaled Mashaal is a longtime pillar of Hamas and had served as the organization’s leader for decades, with him being replaced by Ismail Haniyeh in 2017.
Despite no longer being Hamas’s leader, Mashaal has retained a high profile in the organization and has stepped in as acting leader on more than one occasion over the course of the Israel-Hamas War.
Despite having served in Hamas for so long, Mashaal has not lived in Palestinian territory since before the organization was founded – apart from a few brief visits, with the Mashaal family having fled the country following the Six Day War.
When Hamas was established in 1987, Mashaal led the group’s activities in Kuwait and took a seat on the Hamas politburo when it was founded in the 1990s, soon becoming its chairman.
When Hamas founder Ahmed Yassin was killed by Israel in 2004, Mashaal was recognized as the true leader of the organization. Under his leadership, Hamas gained widespread popularity, beating Fatah and winning a majority in the 2006 Palestinian elections.
Mashaal also played a major role in negotiating the prisoner swap deal that saw the release of captured IDF soldier Gilad Schalit in 2012.
Numerous assassination attempts have also been made against Mashaal over the years, including a very high-profile Mossad poisoning attempt in 1997, which sparked a diplomatic crisis with Jordan.
Even after his retirement in 2017, Mashaal retained an important role in the organization. Following the killing of Sinwar, he was one of the Hamas officials to join the quinquevirate leadership to help lead the organization.
Who is Zaher Jabarin?
Zaher Jabarin is the longtime leader of the Hamas Financial Bureau and was responsible for managing the intricate financial network and investment portfolio. In this capacity, he was the man who made sure the money flowed, keeping the terrorist organization running and pumping it in for their various operations.
In the late 1980s, during Hamas’s early years, Jabarin co-founded the organization’s West Bank military forces. In this capacity, he was considered responsible for the many killings of IDF soldiers and police during the First Intifada.
Arrested by Israeli forces in 1993 and sentenced to life in prison, Jabarin was freed in 2011 during the Gilad Schalit prisoner swap deal. After this, he left the country, setting himself up in Instanbul to manage the Financial Bureau, as well as the Office of Martyrs, Wounded, and Prisoners.
Jabarin was successful in his managing of the Hamas finances, growing the organization’s budget to the factor of hundreds of millions of dollars. This included diversified investments, such as real estate and stocks, to private donations and fundraising operations. By 2024, Hamas’s investments were valued at over half a billion dollars, according to NBC News. Furthermore, according to the US Office of Foreign Assets Control, he also helped increase the flow of funds to Hamas from Iran.
But Jabarin took on new responsibilities in early 2024 after the death of Arouri, leading the Hamas finance chief to become the new leader of the organization’s West Bank operations.
This led to an uptick in terrorist attacks in the West Bank and parts of Israel, at a time when Hamas’s capabilities in Gaza were strained under pressure by the IDF.
In addition, Jabarin’s leadership of the Office of Martyrs, Wounded, and Prisoners saw him play a role in the negotiations with Israel over the hostages.
Reuters contributed to this report
END
US greenlit Qatar op. where Hamas leadership was targeted, Israeli officials tell ‘Post’
Israeli officials told The Jerusalem Post that the US knew about the attack beforehand and approved it. No comments were made by any US official.
A damaged building, following an Israeli attack on Hamas leaders, according to an Israeli official, in Doha, Qatar, September 9, 2025(photo credit: REUTERS/IBRAHEEM ABU MUSTAFA)ByAMICHAI STEIN, JERUSALEM POST STAFFSEPTEMBER 9, 2025 17:07Updated: SEPTEMBER 9, 2025 19:34
US officials knew about the attack on the Hamas leadership in Doha, Qatar, and gave the green light for the operation, Israeli officials told The Jerusalem Post on Tuesday.
“Today’s action against the top terrorist chieftains of Hamas was a wholly independent Israeli operation. Israel initiated it, Israel conducted it, and Israel takes full responsibility,” the Prime Minister’s Office said in a statement.
“Hamas received the new proposal from the Qataris, which we [Israel] obtained from Witkoff last week in Paris. The prime minister met with the Hamas leadership yesterday, and they decided to meet again today to discuss the proposal, arriving from Turkey,” a diplomatic source told the Post.
“As it happened before, the Israelis undermined hopes for peace, further prolonging the war and complicating efforts to bring back the hostages,” Qatar responded.
Qatar strongly condemns ‘cowardly Israeli attack’
Qatar officials announced on Tuesday that all mediation efforts regarding a hostage deal have been halted immediately, following the Israeli strike on Doha.
“The State of Qatar strongly condemns the cowardly Israeli attack that targeted residential buildings housing several members of the Political Bureau of Hamas in the Qatari capital, Doha,” said Majed al-Ansari, spokesperson of the Qatari Foreign Ministry.
“This criminal assault constitutes a blatant violation of all international laws and norms, and poses a serious threat to the security and safety of Qataris and residents in Qatar,” he added.
“While the State of Qatar strongly condemns this assault, it confirms that it will not tolerate this reckless Israeli behavior and the ongoing disruption of regional security, nor any act that targets its security and sovereignty.”
UAE, Saudi Arabia, Gulf states condemn the attack on Qatar
“The Israeli attack on Doha was blatant and cowardly,” the United Arab Emirates Foreign Minister, Abdullah bin Zayed, Reuters reported.
He also published a comment on X where he said: “Full solidarity with our dear Qatar.”
Saudi Arabia’s Foreign Ministry also issued a statement condemning the attack on Doha. “The Kingdom of Saudi Arabia condemns and denounces in the strongest terms the brutal Israeli aggression and the flagrant violation of the sovereignty of the sisterly State of Qatar,” they said.
The statement also warned against “Israel’s persistence in its criminal transgressions and its blatant violation of the principles of international law and all international norms.”
Kuwait’s Foreign Ministry also called out the attack with a statement that qualifies it as a “brutal aggression at the hands of the unjust Israeli forces.”
“The Ministry emphasizes that this brutal Israeli aggression constitutes a flagrant violation of all international laws and a serious threat to the security and stability of the region, and a direct undermining of international peace and security,” read the statement.
Oman’s Foreign Ministry stated that the attack was a “criminal and treacherous political assassination, that is in flagrant violation of international law and the sovereignty of Qatar.”
Jordan and Egypt fear strike may lead to escalation
Jordan’s King Abdullah II called the Qatari Emir, Sheikh Tamim bin Hamad Al Thani, after the strike on Doha, explaining that “Qatar’s security is integral to Jordan’s security.”
The Jordanian foreign minister, Ayman Safadi, said on X that Jordan “stands in full solidarity with Qatar against the Israeli aggression.”
“The whole international community must condemn this aggression on Qatar. It is time the world realized the horrific consequences of continuing to allow Israel to act above the law and commit crimes with impunity,” he added.
The statement concluded asking for the UN Security Council to “end the criminal and destructive acts of a rogue Israeli government.”
Egypt also condemned the attack, claiming that “it sets a dangerous precedent.” “The escalation harms global efforts to reduce tensions in the region,” said an official statement.
END
Hamas Accuses Trump Of A Set-Up In Doha, After 5 Leaders Killed In Israeli Strike
Tuesday, Sep 09, 2025 – 01:55 PM
Update(1355ET): Hamas has claimed in an official statement that Israel failed in its attempt to assassinate the group’s negotiations team; however, it acknowledged that five of its members were killed in the Tuesday Israeli aerial attack on Doha, including the son of the group’s chief negotiator Khalil Al-Hayya.
There’s been some back-and-forth on whether the US greenlighted the operation ahead of time, but reports say the White House was informed once the operation had already been ordered by Netanyahu. Trump officials then quickly informed Qatar.
“Qatar, which condemned the attack, hosts America’s most important air base in the region as well as much of Hamas’s political leadership. It has been a key mediator in two years of talks to resolve the war in Gaza,” The Wall Street Journal reports. “Israel informed the U.S. that the attack was coming, and the U.S. in turn notified Qatar, people familiar with the matter said.”
There’s been some speculation over whether Trump just did to Hamas what was done to Iran: lure them into thinking negotiations were happening, only to set them up for a brutal ‘decapitation’ air strike which no one expected.
The following were confirmed killed, base on the Hamas statement:
“We confirm the enemy’s failure to assassinate our brothers in the negotiating delegation. However, a number of our martyred brothers have ascended to the highest ranks of glory, including: Martyr Jihad Labad (Abu Bilal) – Director of Dr. Khalil Al-Hayya’s Office, Martyr Humam Al-Hayya (Abu Yahya) – Son of Dr. Khalil Al-Hayya, Martyr Abdullah Abdul Wahid (Abu Khalil) – Companion, Martyr Moamen Hassouna (Abu Omar) – Companion, Martyr Ahmed Al-Mamluk (Abu Malik) – Companion”
Hamas went on to say that the United States is responsible for the attack alongside the Israelis, and alleged a ‘set up’ of sorts.
Qatari officer killed… what did the US know in term of details and how far in advance?
“Targeting the negotiating delegation, as they discussed US President Donald Trump’s latest proposal, confirms beyond doubt that Netanyahu and his government do not want to reach any agreement and are deliberately seeking to thwart all opportunities and thwart international efforts, disregarding the lives of their prisoners held by the resistance, the sovereignty of states, or the security and stability of the region,” the US-designated terror group said. “We hold the US administration jointly responsible with the occupation for this crime,” it added.
A number of journalists have agreed that it seems the Hamas team was intentionally lured to the targeted location in Doha…
The Israelis have reiterated that it will hunt down terrorists “anywhere in the world”. Netanyahu has boasted that this paves the way for the war to end. Certainly, all prospects for peace talks are completely over.
* * *
Multiple explosions have been reported in Doha, Qatar on Tuesday, according to eyewitnesses cited by Reuters. Initial reports suggest a missile strike or series of possible aerial strikes.
Axios journalist Barak Ravid, referencing Israeli officials, reported that the blasts were believed to be part of an assassination attempt targeting Hamas members. Netanyahu is really going gloves off at this point, it appears, and all negotiations seem definitively off.
“Israeli official tells me the explosion in Doha is an assassination attempt again Hamas officials,” Axios’ Ravid reports.
Could this be Hamas targeting the negotiating team, or other Hamas leaders who have long hid out in Qatar? It was apparently an Israeli aerial attack, which is going to outrage the Gulf states over the violation of airspace:
In the first official US comment on the attack, the American embassy in Doha says it has seen “reports of missile strikes occurring” in the Qatari capital.
Channel 12 is citing an Israeli official who says US President Trump gave the green light for the attack on Hamas leadership. There are emerging reports that that US and UK surveillance planes were in the air over the Gulf at the time of the strike.
The attack has resulted in the US Embassy in Doha issuing a shelter in place order for US citizens in the country. The UAE is also said to be furious over the attack. It has condemned the “treacherous” attack by Israel.
Israel Channel 12: Hamas Gaza leader Khalil al-Hayya was the primary target of the Israeli attack on Doha.
According to more confirmation via The Wall Street Journal:
The attack targeted Hamas leaders Khalil Al-Hayya and Zaher Jabarin, one of the officials said. It wasn’t immediately clear whether anyone was killed in the attack or how it was carried out.
Defense Minister Israel Katz earlier warned Hamas leaders abroad that they would be “annihilated” if the group didn’t lay down its arms.
But Al Jazeera is reporting that Al-Hayya has survived the attack. “A Hamas source tells Al Jazeera that Israeli strikes targeted officials from the group who were meeting in Doha to discuss Trump’s ceasefire proposal,” the regional outlet says. Israeli Finance Minister Bezalel Smotrich has written on social media, “Terrorists have no and will have no immunity from the long arm of Israel anywhere in the world.”
The actions sparked a surge in oil prices as geopolitical risk premia re-emerge…
OPEC+ will be pleased.
developing…
ISRAEL VS HAMAS
‘A terrible day of bloodshed’: Israeli officials mourn deaths of four Armored Corps soldiers
Staff-Sergeant Uri Lamed, Sergeant Gadi Cotal, aged 20, and Sergeant Amit Arye Regev from Modi’in-Maccabim-Reut, were killed in a tank explosion.
An IDF tank amid counterterrorism operations in the Gaza Strip, May 16, 2025.(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFF, YANIR YAGNASEPTEMBER 8, 2025 21:23Updated: SEPTEMBER 9, 2025 03:30
Prime Minister Benjamin Netanyahu and other Israeli officials mourned the deaths of the four soldiers in a tank explosion in northern Gaza on Monday evening.
Netanyahu, in a statement, said, “The entire people of Israel bows its head over the death of four Armored Corps soldiers – Staff-Sergeant Uri Lamed, Sergeant Gadi Cotal, Sergeant Amit Arye Regev, and another soldier whose name has not yet been released – who fell in battle in northern Gaza.”
“My wife and I, together with all the citizens of Israel, send our condolences to the bereaved families, share in their deep sorrow, and embrace them. Our soldiers acted with courage and self-sacrifice to defeat Hamas and return all our hostages. In the spirit of their heroism, we will not relent from these missions until they are achieved,” Netanyahu said.
“I wish to embrace the bereaved families in this difficult hour and a speedy recovery to the Nahal Brigade soldier who was wounded,” Defense Minister Israel Katz added.
In the statement, the defense minister wrote that he “saluted the heroic IDF soldiers who risk their lives and are now fighting bravely to bring back all the hostages and defeat the Hamas terrorist organization.”
Opposition leader and chairman of Yesh Atid, Yair Lapid, wrote, “the heart breaks again and again today.”
“Four Armored Corps soldiers fell this morning in Gaza: Staff-Sergeant Uri Lamed, Sergeant Gadi Cotal, and Sergeant Amit Arye Regev, and another soldier who has not yet been named.”
“Four heroes, the best of our sons, each one a world unto himself. I share in the grief of the families and send my deepest condolences. May their memory be a blessing,” Lapid said.
Democrats chairman Yair Golan called Monday “a terrible day of bloodshed, in which ten civilians and soldiers were killed.”
“My heart breaks upon learning of the deaths of Uri Lamed, Gadi Cotal, and Amit Arye Regev, who were killed this morning in battle in northern Gaza, along with another soldier whose name has not yet been released.”
“I share in the deep sorrow of the families and send my heartfelt condolences,” Lapid said.
Haim Bibas, mayor of Modi’in-Maccabim-Reut, expressed his condolences to the family of Sergeant Amit Arye Regev, residents of the city.
“Amit fell this morning in battle in northern Gaza. On behalf of the residents of Modi’in-Maccabim-Re’ut, I extend my deepest condolences to his parents, Yonatan and Yael, his siblings, Ido and Roni, and to all his family and friends. May Amit’s memory be a blessing,” Bibas wrote on Facebook.
The Jordan Valley Regional Council mourned the loss of Sergeant Gadi Cotal, stating, “With great sorrow and deep pain, the Jordan Valley Regional Council bows its head and shares in the heavy mourning of the Cotal (Ben Hamo) family after receiving the difficult news of the death of their son, Gadi.”
“Sergeant Gadi, from Kibbutz Afikim, was an Armored Corps soldier who fell today in battle in Gaza. He was raised and educated in our valley and graduated from Darca Beit Yerach High School. The council and school staff are accompanying the family, the community, and the students at this difficult time. We embrace the Cotal (Ben Hamo) family and stand by them in this difficult hour,” the council wrote.
The Kibbutz Movement also mourned Cotal in a post on X/Twitter. “We wish to share in the deep sorrow of his parents, Yehuda and Andrea, and to embrace the Cotel (Ben Hamo) family, friends, and the Afikim kibbutz community.
ISRAEL VS HAMAS
eptember 9, 6:56 AM
IDF strikes Gaza City high-rise building used by Hamas
A Gaza City high-rise building used as part of Hamas’s terror infrastructure, struck by the IDF on September 9, 2025.(photo credit: IDF SPOKESPERSON’S UNIT)
The IDF conducted a strike on a high-rise building in Gaza City which the military linked with Hamas terror operations, the military announced on Monday night.
The building housed Hamas terror infrastructure, which was used to plan and carry out terror attacks against IDF soldiers operating in the area, the military stated.
In addition, Hamas terrorists used a facility under the building to serve as a gathering point in order to carry out terror attacks against IDF soldiers, the military added.
The IDF said it issued warnings to civilians in advance of the strike.
END
HOUTHIS/ISRAEL
Watch: IDF Helicopters Chase Yemeni Drone For Several Minutes As Airport Under Threat
Monday, Sep 08, 2025 – 11:00 PM
Israel’s skies witnessed a lot of dangerous drone activity out of Yemen on Sunday into Monday. Israel’s Ramon Airport in the south of the country was directly struck by one of the drones, resulting in all flights having been grounded.
What is unusual is that sirens were not sounded ahead of the attack, and the Israel Defense Forces (IDF) are investigating the incident. Ramon primarily serves the city of Eilat at the southern tip of the country on the Red Sea, and it was completely shut down for 90 minutes after the attack.
Videos showed the airport arrivals hall littered with glass as many windows were busted out in the attack. The Houthis owned up to it, stating that its drone “directly hit the airport and caused the airport to shut down, halting air traffic.”
A 63-year-old man was injured in the attack, but no other casualties were reported. It comes after Israel’s main Ben Gurion International Airport has come under repeat ballistic missile attack – though most projectiles have failed to hit the target.
Houthi military spokesperson Brig. Gen. Yahya Saree declared Sunday the Houthis “will escalate their military operations and not back down from their support for Gaza” – and warned that Israeli airports “are unsafe and will be continuously targeted.”
Reports of more hostile drones over Israel on Monday:
The Ramon airport incident demonstrates that Israel’s celebrated multi-layered air missile defense system is struggling to keep up, as drones and missiles have on many occasions slipped through.
Israeli media reports at least three more drones were intercepted on Monday, which again threatened southern Israel.
The drone threat from Yemen has increased of late, which Iranian sources have positively celebrated…
“Monday saw another drone intercepted near the airport, the military said, setting off sirens. Several interceptor missiles were launched over the Eilat area — just south of the airport — to shoot down the drone,” reports TOI.
end
QATAR/DOHA/ISRAEL
Oil Spikes As Explosions Rock Doha; Israel Targets Top Hamas Leaders In Assassination Operation
Tuesday, Sep 09, 2025 – 09:35 AM
Multiple explosions have been reported in Doha, Qatar on Tuesday, according to eyewitnesses cited by Reuters.
Axios journalist Barak Ravid, referencing Israeli officials, reported that the blasts were believed to be part of an assassination attempt targeting Hamas members. Netanyahu is really going gloves off at this point, it appears, and all negotiations seem definitively off.
“Israeli official tells me the explosion in Doha is an assassination attempt again Hamas officials,” Axios’ Ravid reports.
Ravid writes further on X of the breaking news: “Senior Israeli: The explosion in Doha is an assassination operation against senior Hamas officials.”
Could this be Hamas targeting the negotiating team, or other Hamas leaders who have long hid out in Qatar?
Israel Channel 12: Hamas Gaza leader Khalil al-Hayya was the primary target of the Israeli attack on Doha.
The actions sparked a surge in oil prices as geopolitical risk premia re-emerge…
OPEC+ will be pleased.
developing.
OPEC+ will be pleased.
developing.
END
ISRAEL HAMAS
It begins!!
IDF issues largest evacuation order yet for Gaza City as military prepares for full-scale invasion
Prime Minister Benjamin Netanyahu has said that taking over Gaza City will convince Hamas to give up the remaining hostages and will lead to the group’s defeat.
IDF drops leaflets on Gaza City warning residents of the Old City and Al-Tuffah neighborhoods to evacuate on September 9, 2025.(photo credit: TPS-IL)ByYONAH JEREMY BOBSEPTEMBER 9, 2025 08:25Updated: SEPTEMBER 9, 2025 11:36
The IDF on Tuesday morning issued its largest evacuation order yet for Gaza City.
The scope and immediacy of the order signaled that the military’s full-scale invasion may finally be close.
Past evacuation orders were localized in a specific area or used wording that suggested that an invasion was coming soon, but was less imminent.
To date, Israeli political and military officials have spent weeks trying to get Palestinian civilians to evacuate Gaza City, but only around 100,000 out of around one million have left, leaving the timing of the invasion in question.
Hamas blocks Palestinians from evacuating
A senior defense official has said that Hamas was actively blocking many Palestinian civilians from evacuating.
At the start of the war in October 2023, the IDF spent around three weeks pounding Gaza City and nearby areas with aerial bombardments and artillery and tank fire before sending five divisions (between 25,000-50,000) of ground forces in, along with a much larger group of forces which surrounded portions of Gaza.
So far, the IDF has increased its pace of targeting large high rises in Gaza City, but has not yet struck the area with the same level of bombardment.
War plans have disclosed that the IDF plans to use up to five divisions again in the full-scale invasion, although some of that may depend on the degree of Hamas resistance.
In October and November 2023, Hamas resisted heavily with around 10,000 fighters, more than half of whom were killed by the IDF in a short period.
However, Hamas has not put up a large-scale defense against an Israeli invasion since the battles of Khan Yunis from December 2023 to February 2024.
Rather, it has been fighting a guerrilla-style war of small terror cells carrying out localized ambushes, such that the five divisions may not be necessary in the end.
Prime Minister Benjamin Netanyahu has said that taking over Gaza City will convince Hamas to give up the remaining hostages and will lead to the group’s defeat.
Much of the IDF disagrees and believes that even if taking over Gaza City will harm Hamas’s overall strength, that the group will manage to continue its guerilla style tactics, that the invasion may lead to deaths of Israeli hostages, and that the cost to IDF soldiers who will die, Palestinian civilians who may get caught in the cross-fire, and the harder humanitarian situation which may be created will harm Israeli legitimacy more than the expected gain from the operation.
Gaza Humanitarian Forum stated: “The forced displacement of an entire population – including children, the elderly, and people with disabilities – after months of deteriorating health conditions, food insecurity, and even malnutrition, into overcrowded areas lacking the resources to absorb them, only heightens the risk to their health and to public health overall. Such sweeping evacuations deepen the humanitarian crisis and may also undermine the possibility of creating safe and agreed conditions for the release of the hostages held by Hamas. The only viable solution is the establishment of a humanitarian space that meets international standards for the reception of displaced populations, enabling UN agencies, experienced in this field of work, to prepare.
SYRIA
IAF allegedly strikes Homs in central Syria – report
Video footage appears to show smoke and debris rising near Homs. The Israeli military has not confirmed the airstrikes took place.
IDF fighter pilots prepare to embark on a fighter jet for operational activity, August 24, 2025(photo credit: IDF SPOKESPERSON’S UNIT)ByJERUSALEM POST STAFFSEPTEMBER 8, 2025 23:36Updated: SEPTEMBER 8, 2025 23:46
The Israel Air Force allegedly conducted airstrikes on Homs in western Syria on Monday night, according to Syrian state media.
Video footage seen by The Jerusalem Post appears to show a large cloud of smoke and debris rising in the vicinity of Homs.
The military has not yet confirmed the airstrikes or the targets.
This is a developing story.
END
RUSSIA/GLOBAL SOUTH
Putin’s Master Plan For The Russian Arctic & Far East Will Speed Up The Global South’s Rise
Tuesday, Sep 09, 2025 – 02:00 AM
Authored by Andrew Korybko via Substack,
Putin elaborated on his master plan for the Russian Arctic and Far East during his keynote speech at this year’s Eastern Economic Forum in Vladivostok last week.
This piece will summarize what he shared and analyze it in the emerging geostrategic context.
To begin with, he envisages these regions serving as industrial, logistics, and tech hubs due to their location and resources.
Raw materials will fuel industry; rivers and new railways, seaports, and airports will facilitate logistics; and rare earths will drive tech.
Relevant coastal facilities will be constructed in the future, which might be powered by new hydroelectric plants, and these will be connected to one another and hinterland areas (resource deposits and settlements) by an integrated logistics system.
More bridges will be built to China and North Korea too. Existing preferential policies for businesses in some areas and for residents under some conditions will be expanded throughout both regions to stimulate investment and increase the population there.
Reducing population outflow is a priority, as is encouraging the inflow of Russians from elsewhere, which more enterprises can assist with upon the state streamlining last year’s policy of reimbursing them with tax deductions for continuing to build social infrastructure for their employees in remote areas.
The attendant public-private partnership that Putin envisages strengthening can therefore accelerate regional socio-economic development per his master plan for the Arctic and Far East.
The emerging geostrategic context will help achieve these goals. The center of the global economy has shifted from Europe to Asia, and with it, so too has Russia’s overall focus. China, India, and ASEAN (with Indonesia at its core) are considered Russia’s top partners in this regard. The latest updates are that Russia just clinched a long-negotiated deal over the Power of Siberia 2 gas pipeline; Putin plans to visit India by year’s end; and Russia clinched a strategic partnership deal with Indonesia earlier this summer.
Investments in the Transarctic Corridor (the Northern Sea Route plus planned rail-riparian connectivity to there from Siberia and the Far East) and the Eastern Polygon (the Trans-Siberian Railway and the Baikal-Amur Mainland railway) will help Russia tap into these near-limitless market opportunities. It would also ideally benefit from trade with and investments from the US, EU, Japan, South Korea, and Australia, but these pillars of the “Global West” decided to sanction Russia as punishment for its special operation.
That was counterproductive since China will now likely play an even more outsized role in the Arctic and Far East’s development, especially as regards resource extraction, thus turbocharging its superpower trajectory and hastening their demise. India and Indonesia can help Russia preemptively avert potentially disproportionate dependence on China, which serves all three’s interests, while the “Global West” will continue harming its own interests by eschewing any role in Russia’s geo-economic balancing act.
Absent a policy reversal, even if only in part and from just some of the “Global West” like nearby Japan and South Korea, the implementation of Putin’s master plan for the Arctic and Far East will provide a powerful impetus to BRICS’ and the SCO’s rise as their members seek to transform global governance.
China will lead the way while Russia, India, and Indonesia will play important supportive roles.
The end result might be the world’s bifurcation into the US-led “Global West” and the Chinese-led Global South.
END
UKRAINE
Kyiv Oblast Suffers Rare Power & Gas Outages, As Gazprom Boss Warns EU Of ‘Cold Winter’ Ahead
Tuesday, Sep 09, 2025 – 05:45 AM
This coming winter could be one of the harshest yet for Ukrainians, given Russia has greatly ramped up it’s nationwide drone and missile attacks, often targeting power and energy infrastructure – likely in response to Ukraine’s own sustained cross border attacks on oil depots inside Russia.
Overnight, Ukraine’s energy ministry said Russian forces struck a thermal power generation facility in the Kyiv region, which suffered some local blackouts and gas outages as a result. While much of the east of Ukraine has seen frequent mass outages throughout the war, this is a more rare occurrence for the capital area.
“The goal is obvious: to cause even more hardship to the peaceful population of Ukraine, to leave Ukrainian homes, hospitals, kindergartens and schools without light and heat,” the ministry wrote on Telegram.
This followed on the heels of the single largest aerial attack in three-and-half years of conflict, which resulted in a serious blaze at a government building (offices of the cabinet ministers) on Sunday. Russia’s defense ministry confirmed that it targeted Ukrainian energy infrastructure in this newest strike.
Ukraine’s electricity grid operator Ukrenergo later said several power sites for the country were hit. “Emergency repair work is ongoing, and most consumers had their power restored by Monday morning,” it said.
Gas infrastructure was also damaged, resulting in over 8,000 properties in eight settlements suffering disconnect from their supply.
Serhiy Kovalenko, CEO of the Ukrainian energy company Yasno, wrote on X. “For several weeks now, the enemy has been striking energy system facilities in various regions.” He further warned, “Of course, no one knows what will happen this autumn, but given the recent strikes, there is no particular cause for optimism.”
Gazprom CEO Aleksey Miller is also warning of a cold winter full of needless suffering for the EU. Russian media carried his fresh comments as follows:
Citing data from Gas Infrastructure Europe (GIE), Gazprom said that as of end-August only two-thirds of the gas withdrawn from European storage facilities last winter had been replenished, after five months of injections. The shortfall of 18.9 billion cubic meters was the second largest on record for that date.
Gazprom, once the EU’s main supplier, reduced its exports to the bloc dramatically three years ago, following Western sanctions and the sabotage of the Nord Stream pipelines. Russian gas exports accounted for 40% of the bloc’s total supply before the escalation of the conflict and the imposition of unilateral sanctions by Brussels.
“We are now seeing the situation steadily worsening. This is what we have been talking about. Another year will pass, and where else can it go? If there is a normal cold winter, this will become a real problem,” Miller told Russia’s TASS news agency on the sidelines of the Eastern Economic Forum on Sunday.
This summer has seen several Ukrainian attacks on LNG pipeline infrastructure going to Europe. Also, this weekend another major Russian crude refinery was on fire after direct Ukrainian drone strikes.
The attack unleashed two active fires at the major Ryazan refinery, southeast of Moscow, with witnesses hearing explosions early and overnight last Friday, after which large flames and thick smoke were spotted above the southern outskirts of the city.
END
ROBERT h
UKRAINE
Ukraine needs to be shut down
This is just the warmup. Previously, I have told you that Ukrainians are using the conflict to train CARTELS in combat with the latest gear paid for by Europeans and arms provided by America as well. This dumb ass disaster will be seen as a major problem not just on the American southern border but also throughout SOUTH AMERICA. Various battalions from Columbia, Venezuela etc. are actively fighting and getting training as they die to learn. Governments should know better.
Do you know that Zelensky has restricted senior people from leaving to control them? the former Foreign Minister has run away in time to become a Professor at Harvard. Interesting move for this guy.
Translation: MEXICO CITY, September 8. /TASS/. Members of the Mexican drug cartel Jalisco New Generation (CJNG) have undergone training in Ukraine, where they learned how to use UAVs in combat conditions. This was reported by the Mexican publication Milenio, citing sources in the law enforcement agencies of the state of Jalisco. According to the publication, CJNG militants traveled to Ukraine, where they adopted combat methods typical of modern military conflicts, including the tactics of using drones to carry out pinpoint strikes. It is noted that the training took place in an armed conflict zone, which provided the cartel with access to real combat experience. The manner in which the Mexican militants move in pairs, use cover, use weapons, and retreat strategy indicate that they have mastered real combat tactics typical of high-intensity armed conflict zones.
For years I have written that this corrupt twisted regime is a curse upon Europe and the rest of the world. There are reasons why it beats everyone else as being the most corrupt country on the planet. That is not something to be proud of or supportive of.
For years arms sent to this country have been resold to gangs across Europe and beyond. And the NAZI ideology has followed silently waiting. Violence will take new meaning when this breaks out.
Complete chaos will occur from this.
ISRAEL/SPAIN/GAZANS
Spain bans Smotrich, Ben-Gvir; ‘Don’t let us in, let Gazans into Spain’ they fire back
The Spanish government has already moved to bar ships and aircraft carrying weapons to Israel from using Spanish ports and airspace.
(L-R) Finance Minister Bezalel Smotrich, National Security Minister Itamar Ben-Gvir(photo credit: YONATAN SINDEL/FLASH90)ByJERUSALEM POST STAFFSEPTEMBER 9, 2025 15:53Updated: SEPTEMBER 9, 2025 16:02
Spain will deny entry to Israel’s National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, as part of measures tied to the Gaza war, the country announced on Tuesday in Madrid. The step comes alongside actions Spain has signaled in recent days to tighten restrictions connected to the conflict.
Ben-Gvir responded to this decision with a post on X, formerly Twitter, in Spanish, where he said: “Don’t let me in, give free entrance to Spain for the people in Gaza.”
The Spanish government has already moved to bar ships and aircraft carrying weapons to Israel from using Spanish ports and airspace, and to boost aid to Palestinian bodies while targeting settlement-linked goods. These measures were outlined on Monday and framed by Madrid as part of a broader policy response to the war.
The decision escalated an already tense diplomatic standoff after Israel barred two Spanish cabinet members, Deputy Prime Minister Yolanda Díaz and Youth Minister Sira Rego, drawing a sharp protest from Madrid and the recall of Spain’s ambassador to Israel for consultations.
Not the first entry ban for Smotrich and Ben-Gvir
The two Israeli ministers named by Spain have faced mounting international pressure this year. In June, Britain joined allied countries in sanctioning Ben-Gvir and Smotrich over incendiary remarks linked to the Gaza war, a move that Jerusalem criticized.
Other European capitals have also targeted the pair. In late July, the Netherlands imposed its own entry ban on Ben-Gvir and Smotrich and summoned Israel’s ambassador in The Hague.
Spain’s latest decision follows a months-long hardening of policy that included diplomatic downgrades and steps to limit military-related transit, with Madrid arguing its measures reflect public sentiment at home and concern over the conduct of the war.
TURKEY:
A POLITICAL COUP IS UNDERWAY: THEY HAVE HAD ENOUGH OF ERDOGAN
‘Political Coup’: Turkish Opposition’s Istanbul HQ Seized By Police Amid Clashes
Tuesday, Sep 09, 2025 – 02:45 AM
Istanbul is on edge and on the brink of more violence amid Erdogan’s ongoing crackdown on the country’s main opposition Republican People’s Party (CHP), which on Sunday urged citizens and residents of Istanbul to take to the streets and gather after police set up barricades in areas around its Istanbul headquarters.
Authorities are blaming CHP officials for causing unrest while disrupting the public order, after hours of mayhem. The scene outside CHP Istanbul Provincial Headquarters was of tense police clashes with protesters, after which the court-appointed interim leader of CHP finally entered the party’s office under police protection.
Last Tuesday a top Turkish court annulled the results of the CHP’s 2023 Istanbul provincial congress, over alleged bribery that influenced delegate votes. This resulted in the court-ordered the dismissal of the board members elected at that congress.
The CHP has rejected the ruling and the bribery claims in particular, arguing that the court has no authority to override final decisions made at the party congress.
The court had named former CHP deputy chair Gürsel Tekin as interim provincial head, replacing Özgur Çelik. The CHP plans will hold an extraordinary congress on September 21, to reassert autonomy and fight back against what it says is a politically motivated persecution by Erdogan and his ruling Justice and Development Party (AK Party).
The state-backed targeting of CHP leadership, by the AKP-stacked courts (among law enforcement institutions and prosecutors as well), has only increased in the wake its widespread success in the 2024 local elections.
Clashes amid the fight to defend CHP HQ from police enforcing court ordered leadership change…
CHP leaders have denounced the ruling as “null and void”. However, Interior Minister Ali Yerlikaya has denounced those who posted social media content urging crowds to come barricade the CHP building.
“Disregarding court rulings, trying to pour people out onto the streets is openly challenging the law. Nobody is above the law. The state will do what is necessary against any illegal initiative with determination,” Yerlikaya stated on X.
But the opposition party has remained openly defiant, worried that if it is silenced, this could be a final death knell and the start of essentially one-party rule and final total victory for AKP:
Speaking at a CHP event in Istanbul, party chairperson Özgur Özel called on Turks to gather and demonstrate against the court decision and the crackdown against his party, as well as the police measures to set up barricades around the headquarters and restrict public access to it.
“From here, I invite all democrats and CHP members whom my words and voice reach to, to protect the home of Atatürk in Istanbul,” he said, referring to Mustafa Kemal Atatürk, modern Türkiye’s founder.
Erdogan resorts to the usual social media censuring, outright banning several popular platforms:
The opposition leaders do have reason to fear, especially after the major escalation of Istanbul Mayor Ekrem Imamoglu’s arrest. The prominent opposition figure could be a potential presidential contender against President Erdogan, but he was detained on March 19.
CHP sources have denounced the ‘political coup’…
What ensued was a massive crackdown, with authorities arresting CHP mayors, officials, and politicians on various charges including bribery, which may be trumped-up.
Additionally, some 2,000 demonstrators have been arrested, and there’s expected to be more protest action to come centered at the CHP Istanbul headquarters.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
GLOBAL ISSUES
BRANDON SMITH….
Could Trump End Up Triggering The Globalist “Great Reset”?
Monday, Sep 08, 2025 – 11:25 PM
Authored by Brandon Smith via Alt-Market.us
The news feeds were buzzing last week over the recent meeting between Russia, China and India at the Chinese port city of Tianjin. Vladimir Putin, Xi Jinping and Narendra Modi made sure to present a unified front at the event, at least in economic terms, and it’s clear that China and Russia’s military ties are solidifying. The Shanghai Cooperation Gathering is being treated by the media as a warning to the US in the face of accelerating trade tensions.
Western journalists seem rather giddy over the news, suggesting that Donald Trump’s tariff policies are pushing America’s enemies together and forming an anti-US axis. The political left hates Trump so completely that I wouldn’t be surprised to see them cheering for Putin and the BRICS in a year or two.
News flash for those who are unaware: The BRICS have been forming their alliance since the Obama era. It’s nothing new and has nothing to do with Trump.
I’ve been tracking the formation of the BRICS alliance since 2009 and the driving motive behind the economic bloc (on the surface) has always been to break from the dollar as the world reserve currency. BRICS leaders have been calling for the end of the dollar and the introduction of a new global currency system for years. Though, the plan is not as eastern focused as many people assume. That is to say, if you’re hoping the BRICS are going to “end globalism” you are sorely mistaken.
In fact, in 2009 both Russia and China put forward the notion of a global currency managed by the IMF; an organization that many people think is US controlled. The reality is that it is globalist controlled, and globalists have no enduring loyalties to any nation state; they are only loyal to their own agenda.
Some people might argue that the situation has changed dramatically since 2009, but I disagree. China is now inexorably tied to the IMF’s SDR basket and Russia remains an active member of the IMF despite the war in Ukraine. It’s important to understand that there are always two different timelines when it comes to world events – There is the more publicized international theater, and then there are the operations of globalist institutions that exist outside of geopolitics.
In my view, globalists are not necessarily the “engineers” behind every conflict or crisis, but they do position themselves to take advantage whenever possible. And, they do play both sides of every conflagration in order to gain the most benefit. In other words, groups like the IMF, World Bank, the BIS, the WEF, and trillion dollar conglomerates like BlackRock and Vanguard are going to court the BRICS just as much as they court the west when it comes to achieving a centralized one-world economy.
It’s no secret what this “new world order” is intended to look like. The Davos crowd has openly discussed their visions for years and during the pandemic they ripped the mask off and reveled in the “inevitable” implementation of their “Great Reset”. To summarize, this is what the elites want for the future economy:
A global cashless system. A one world digital currency built around a basket of CBDCs (Central Bank Digital Currencies). AI tracking of all financial records. A “sharing economy” in which all private property is abolished. The use of “de-banking” to control civil discourse – Meaning you can say what you want but you might lose access to your accounts, and perhaps even the jobs market. Population control and reduction. Carbon feudalism in which nations pay tribute taxes to globalists in the name of “stopping man-made climate change” (which doesn’t exist).
These taxes are then redistributed to various nations as a way to incentivize their cooperation. And ultimately, they want the introduction of Universal Basic Income (UBI) as a way to make every individual dependent on centralized government for their livelihood so that they never think of rebelling.
This is what the Davos elite mean when they talk about the “Great Reset”. I have noted in recent articles, however, that the globalists have grown disturbingly quiet in the past year. They are not so bold anymore in their speeches as they were during the pandemic and their plans do seem to be hitting a wall.
I’ve seen the media, a number of central bankers and political leaders refer to this issue as Donald Trump’s “economic reset” and I find this narrative fascinating. What exactly are they talking about? Are there competing resets in play, and if so, does this mean the globalist agenda has been derailed?
Trump’s Reset And The End Of Bretton-Woods
Trump’s reset, if we’re to call it that, seems to be rooted in the reversal of the post-WWII Bretton-Woods agreement in which the US was made the de facto financial engine of the global economy. This was when the dollar’s status as world reserve currency was solidified, when America became the consumption hub for the west, and when NATO was formed.
It sounds like a sweet deal for Americans, but playing the role is costly. It is, slowly but surely, destroying our economy through debt and inflation.
Many presidents have used targeted tariffs since WWII, but none have enforced sweeping tariffs like Trump. Often compared to the Smoot-Hawley tariffs under Herbert Hoover which are wrongly blamed for the Great Depression (it was actually international banks and the Federal Reserve that caused the Depression), Trump’s import taxes throw a monkey wrench into the gears of Bretton-Woods trade and stifle globalism by forcing large corporations to reduce their foreign outsourcing.
As I’ve noted many times, global corporations are NOT free market entities, they are socialist entities chartered by governments and protected through special legal and economic privileges. If a company is “too big to fail” and is thus entitled to taxpayer cash through bailouts and QE, then they are not a mechanism of the free market. Therefore, we should not care if they get taxed through tariffs.
Frankly, I think corporate globalism and economic interdependency should be abolished, by force if necessary.
Legitimate Decentralization Or Controlled Chaos?
Trump’s tariffs along with his cuts to foreign subsidies and other economic policies could, in a few years, completely disrupt globalism as we know it. So, in a way, it is indeed a kind of “economic reset”. But here’s the rub: Could Trump’s efforts end up accelerating the globalist reset rather than defeating it?
As noted earlier, the formation of close ties between the BRICS nations has been ongoing since 2009 and their key goal has been to end the structures put in place by the Bretton-Woods agreement. They have stated in the past that they want a new currency system run by the IMF. Whether the BRICS know it or not, their efforts to develop CBDCs and unseat the US play directly into the globalist game plan.
The IMF and the BIS have been working diligently (and quietly) to build a cross-border CBDC framework and the IMF has been planning its own global digital currency built around the SDR basket. The BIS sometimes refers to this system as a “Unified Ledger”.
Are the banking elites setting up an alternative to the dollar in preparation for an incoming clash between the US and the BRICS? And is Trump’s “reset” a catalyst for that crisis?
I support Trump’s tariffs for a number of reasons. I think globalism needs to end. I think domestic production needs to return to the US and I think corporations need to pay a price for their outsourcing. I don’t think that Americans should act as the primary consumer hub for the entire world and I don’t think it’s our job to subsidize the planet. I also think that nothing is going to change unless drastic measures are taken in the near term.
But I also understand the reality that if the US stops playing the role it has been playing since WWII, the majority of nations around the planet are facing a shocking disruption. The US makes up around 30% of global consumption. We supply the vast majority of global foreign aid (around $70 billion to $100 billion annually), which many countries have come to rely on. We are the primary export market for the world and there is no realistic replacement. The dollar and the SWIFT system are the key drivers of global trade.
Would Trump’s reset actually force a majority of nations into a desperate situation? A situation that compels them to look for an alternative solution they would not otherwise accept? Are the globalists waiting in the wings to offer that solution in the form of their own “Great Reset” and one-world digital currency system?
One way or another the existing economic interdependency needs to die. Global corporations need to face a reckoning after decades of protection and special treatment. Production needs to return to the US. Americans need to stop paying for the rest of the world through foreign aid. But if we’re going to take this path then we must also dismantle all globalist organizations in the process.
I believe these institutions plan on exploiting the instability caused by the US breaking from the Bretton-Woods structure. I think they have positioned themselves, as always, to take advantage of any potential conflict that might result. They cannot be allowed to use our necessary reforms as as springboard to achieve the evils of their Great Reset.
A true “reset” will require us to make the destruction of globalist institutions a priority. Otherwise, any economic action we take could ultimately benefit their agenda.
DR PAUL ALEXANDER
Putin, Modi and Xi, Russia: India, & China, is this tri-fector something to worry about? a military union? POTUS Trump must face this seriously! With a North Korea & possible Iran, this is interesting
yet troubling; what is your view? of note in media today “China’s navy is expanding at breakneck speed – and catching up with the US”; what is your view on that? also China’s YJ-17 hypersonic missile
| Dr. Paul AlexanderSep 8 |
What is your view? Is this union a worrying one? IMO India and China always had problems with each other yet is this something to look at? How could the US handle a unified China, India, and Russia, militarily?
‘With a backseat bromance of their own, as well as hand-holding and hugs, the Russian leader, his Indian counterpart, Narendra Modi, and their host, Chinese leader Xi Jinping, put on a display Monday that seemed designed to turn heads in Washington.
Alexander News Network (ANN): Trump’s War 2.0 for America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
The three leaders staked out long-held positions in comments at this key regional summit in the Chinese port city of Tianjin, but the tenor and the timing of the trio’s embrace was impossible to ignore.’
‘Car rides and hand-holding: Putin, Modi and Xi send Trump a pointed message
The leaders of Russia, China and India met at a key regional summit in the northern Chinese port city of Tianjin on Monday as they navigate tensions with the United States.’
India, long courted by the West as a crucial Asian partner and counterweight to China, has been rattled by Trump’s tariffs; the Kremlin has publicly brushed aside Washington’s peace push in Ukraine; and Beijing continues to spar with the U.S. over trade, Taiwan and global influence.
Amid this thicket of tensions, the cozy optics at the Shanghai Cooperation Organization (SCO) gathering appeared a clear signal in the face of U.S. pressure.
Weeks after Trump and Putin made headlines with a protocol-busting ride in “The Beast” at their Alaska summit, Modi joined the Russian leader for a drive in the back of Putin’s own armored limo — a not-so-subtle statement of defiance just days after the U.S. doubled tariffs on India to 50% as punishment for buying Russian oil.’
‘A totally one sided disaster!’
Perhaps watching from Washington, Trump said Monday that the relationship between India and the U.S. had been “a totally one sided disaster!” and chided New Delhi for buying “most of its oil and military products from Russia,” and “very little from the U.S.”
He said that India had now offered to cut their tariffs on U.S. goods to zero. “But it’s getting late,” Trump added.
Whether the theatrics in Tianjin were spontaneous or carefully planned, “the message remains the same,” Keir Giles, a senior fellow at London-based think tank Chatham House, told NBC News.
“The close relationship that Trump sought with Putin is now on display between Putin and others,” he said, adding that the U.S. had “given India a real cause to look for friendship and partnership elsewhere.”
That friction had also given India a reason to “mend fences” with China, said Alyssa Ayres, a senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations.
India has “lots of problems,” with China, she said, “but it is right on their border, and it’s their largest trading partner in goods.”
Xi, for his part, criticized the “bullying behavior” from unnamed countries, a veiled reference to the U.S.
He outlined his longstanding ambition to challenge the U.S.-led global economic and security order. “We must continue to take a clear stand against hegemonism and power politics, and practice true multilateralism,” he said, while laying out a new “Global Governance Initiative” that was short on concrete policies.’
‘China’s navy is expanding at breakneck speed – and catching up with the US’
China to unveil US ship-killing weapons at military parade
Images show scores of drones and missiles at rehearsals, including the soon-to-be-revealed YJ-17 hypersonic projectile
MARK CRISPIN MILLER
NEWS ADDICTS
NEWSWIZE
EVOL NEWS
| EVOL NEWS: |
MICHAEL EVERY/OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL
“A Flashing Red Warning Light”: Big Oil Is Making Big Job Cuts
Tuesday, Sep 09, 2025 – 01:25 PM
Oil and gas producers worldwide are bracing for a prolonged downturn, with job losses and investment cuts spreading through the industry, according to a new report from Financial Times. ConocoPhillips, Chevron, and BP have all announced large-scale layoffs, while others are shelving or selling projects to conserve cash. “This isn’t just a Conoco problem,” said Kirk Edwards of Latigo Petroleum. “It’s a flashing red warning light for the entire US oil and gas industry.”
FT writes that the sector is under pressure as crude prices, which spiked after Russia’s invasion of Ukraine, have since dropped by half. Opec+ has shifted strategy, increasing output to regain market share, a move that adds further price strain. Analysts at Wood Mackenzie predict Brent could slide under $60 a barrel by early 2026 and stay there “up to a few years.” Below that level, western majors struggle to fund both shareholder payouts and new projects.
The cuts are hitting hardest in the US, where shale drilling requires around $65 a barrel to stay profitable, according to the Dallas Federal Reserve. ConocoPhillips has warned that as many as 3,250 staff may lose their jobs by Christmas, while Chevron has been working through 8,000 cuts since February. BP has already trimmed 4,700 positions. “The way we protect the most jobs for the most people is by remaining competitive,” said Chevron’s Mike Wirth.
State-owned producers are also retrenching: Saudi Aramco raised $10bn by selling part of its pipeline network, and Malaysia’s Petronas shed 5,000 jobs. Capital spending worldwide is forecast to fall 4.3% this year to $341.9bn — the first decline since 2020 — and US output is expected to contract for the first time since 2021.
Some companies are leaning on outsourcing and digital tools to offset the downturn. “AI is giving operators new ways to optimise in a challenging market,” said Andrew Gillick of Enverus. But industry veterans warn that shrinking investment may have long-term consequences. “Domestic oil producers are finding it hard… which is costing jobs,” said Roe Patterson of Marauder Capital. “The problem is that our domestic oil production may not be there when the country needs it in the future.”
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
VENEZUELA/USA
Venezuela Preparing For ‘Armed Struggle’ In Case Of US Attack: Maduro
Monday, Sep 08, 2025 – 04:40 PM
Venezuela is preparing for armed struggle in the scenario it comes under attack by the United States, or its sovereignty is threatened, Venezuelan President Nicolás Maduro warned soon after President Trump escalated the Pentagon’s force posture in the southern Caribbean.
“If Venezuela were attacked in any way, it would move into a stage of planned and organized armed struggle by all its people against aggression, whether local, regional, or national, in defense of peace, territorial integrity, sovereignty, and our people,” Maduro had said Friday. On Sunday, tens of thousands of more troops were mobilized.
President Trump soon after warned that if Venezuelan jets keep buzzing US warships in regional waters, then they would be shot out of the sky (if deemed a threat to American vessels).
Maduro has confirmed initiation of militia training to involve citizens in the country’s national defense efforts – a ‘popular mobilization’ of sorts. Interestingly, in a televised statement he featured a visual diagram, outlining the current levels of operational readiness within the nation’s defense forces, stating that currently a “yellow phase” of integrated defense is active.
The Maduro government on Sunday called up additional troops to deploy in border regions amid the US deployments off Venezuela’s coast:
Venezuelan President Nicolas Maduro has ordered more troops in the Guajira region of Zulia state and the Paraguana peninsula in Falcon, Defense Minister Vladimir Padrino said, adding that the area constituted “a drug trafficking route”.
The military’s presence on the island of Nueva Esparta and in the states of Sucre and Delta Amacuro will also be expanded. Some 25,000 troops are set to be deployed, up from the 10,000 which have been deployed in the states of Zulia and Tachira that border Colombia, he said.
Some interesting scenes coming from the Venezuelan coast:
And so it seems Maduro is making an effort to convince Washington that he has the narco-trafficking situation in and around Venezuela fully under control.
Importantly, Trump has rejected accusations that the US is plotting regime change in Caracas. “We’re not talking about that,” he told reporters Friday when asked about this scenario.
The US has justified its recent actions, which included last week’s military strike on an allegedly drug-laden boat that killed eleven people, by saying that Maduro is in league with the cartels.
Pentagon chief Pete Hegseth has called Maduro “effectively a kingpin of a drug narco state” and that because of this he “should be worried.“
END
NEPAL
Nepal Descends Into Chaos After Social Media Ban, PM Resigns, Finance Minister Dragged Through Street
Tuesday, Sep 09, 2025 – 12:45 PM
Chaos has descended on Nepal amid raging mass protests against a short-lived ban on social media, and accusations of widespread government corruption. The small Himalayan country has descended into hellish conditions in less than a mere 48 hours of raging anti-government demonstrations.
The protests appear mostly led by the young, after several popular social media sites were blocked and clashes with police led to authorities firing on crowds, resulting in 19 people dead.
But even after the social media ban was lifted amid the pressure and mayhem, demonstrators set fire to the homes of top Nepalese leaders and and even parliament building.
Specifically Facebook, X, Instagram, and YouTube were blocked among some two dozen others, after the government said the companies failed to comply with local law by failing to register for requred government oversight.
Parliament burned and surrounded by thousands…
The airport was also shuttered and army helicopters were seen deployed to rescue government ministers from the mob. Apparently, the country’s finance minister wasn’t so lucky…
India Today: Nepal’s Finance Minister Bishnu Prasad Paudel reportedly chased by protesters and kicked after a video showed him fleeing down a street.
According to reports, “Nepal’s finance minister was chased and beaten by demonstrators Tuesday as Prime Minister KP Sharma Oli resigned following days of violent student-led protests against corruption and a ban on social media.”
Residents of top politicians in Kathmandu have been reported attacked and in some cases damaged or set on fire, including the prime minister of the country, KP Sharma Oli. He has since stepped down in the wake of the protester killings.
“Oli’s private home was among those set on fire, as were those of the president, home minister and the leader of the country’s largest party, Nepali Congress, which is part of the governing coalition,” AP reports.
“Oli’s family was at the official residence at the time. The home of the leader of the opposition Communist Party of Nepal (Maoist) was also set ablaze,” AP adds.
The moment at which police opened fire on crowds was the tipping point. Even after the social media ban was reversed, the rioting became more intense.
“We are here to protest because our youths and friends are getting killed, we are here to see that justice is done and the present regime is ousted,” one eyewitness interviewed by international press outside the damaged parliament building said Tuesday. “K.P. Oli should be chased away.”
A key part of what’s driving the outrage related to the protests dubbed ‘Gen Z’ is that those killed by police were found to have been shot in the head and chest, according to hospital staff who received the dead and wounded.
One protester told the BBC, “Rather than the social media ban, I think everyone’s focus is on corruption.” She added, “We want our country back – we came to stop corruption.”
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS TUESDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1764 DOWN 0.0004 PTS OR 4 BASIS POINTS
USA/ YEN 147.14 UP 0.230 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 1.3532 UP .0030 OR 30 BASIS PTS
USA/CAN DOLLAR: 1.3800 UP 0.0004 (CDN DOLLAR DOWN 4 BASIS PTS)
Last night Shanghai COMPOSITE DOWN 19.55 PTS OR 0.51%
Hang Seng CLOSED UP 278.33 PTS OR 1.09%
AUSTRALIA CLOSED DOWN 0.51%
// EUROPEAN BOURSE: ALL MOSTLY GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MOSTLY GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 278.33 PTS OR 1.09%
/SHANGHAI CLOSED DOWN 19.55 PTS OR 0.51%
AUSTRALIA BOURSE CLOSED DOWN .24 %
(Nikkei (Japan) CLOSED DOWN 184.52 PTS OR 0.42%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 3649.75
silver:$41.42
USA dollar index early TUESDAY morning: 97.35 DOWN 6 BASIS POINTS FROM MONDAY’s CLOSE
TUESDAY MORNING NUMBERS ENDS
And now your closing TUESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.089% UP 2 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +1.579% UP 3 FULL POINTS AND 0/100 BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.258 DOWN 2 BASIS PTS
SPANISH 10 YR BOND YIELD: 3.247 UP 2 in basis points yield
ITALIAN 10 YR BOND YIELD 3.507 UP 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.6617 UP 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY TUESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1733 DOWN 0.0035 OR 35 basis points
USA/Japan: 147.00 DOWN 0.395 OR YEN IS UP 39 BASIS PTS//
Great Britain 10 YR RATE 4.6170 UP 1 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.468 UP 1 POINTS.
Canadian dollar DOWN .0023 OR 23 BASIS pts to 1.3818
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The USA/Yuan CNY UP AT 7.1215 CNY ON SHORE ..
THE USA/YUAN OFFSHORE UP TO 7.1174
TURKISH LIRA: 41.27 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.579 UP 3 basis pts
THE 30 YR JAPANESE BOND YIELD: 3.258 DOWN 1 basis pts
Your closing 10 yr US bond yield UP 2 in basis points from MONDAY at 4.068% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.716 UP 3 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.507 UP 2 BASIS PTS.
GOLD AT 11;00 AM 3659.00
SILVER AT 11;00: 41.04
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: TUESDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 21.09 PTS OR 0.23%
GERMAN DAX: DOWN 88.68 pts or 0.37%
FRANCE: CLOSED UP 14.55 pts or 0.19%
Spain IBEX CLOSED UP 21.70pts or 0.14%
Italian MIB: CLOSED UP 284.38 or 0.68%
WTI Oil price 63.11 11.00 EST/
Brent Oil: 66.95 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 84.51 ROUBLE DOWN 2 AND 3/ 100
CDN 10 YEAR RATE: 3.230 UP 1 BASIS PTS.
CDN 5 YEAR RATE: 2.787 UP 1 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1706 DOWN 0.0062 OR 62 BASIS POINTS//
British Pound: 1.3522 DOWN .0030 OR 30 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.6240 UP 1 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.4780 UP 1 ( STILL DANGEROUS LEVELS FOR GILTS)
JAPAN 10 YR YIELD: 1.586 UP 3 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.258 DOWN 1 AND VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 147.41 UP 0.035 BASIS PTS
USA dollar vs Canadian dollar: 1.3848 UP 0.0052 BASIS PTS// CDN DOLLAR DOWN 52 BASIS PTS
West Texas intermediate oil: 62.71
Brent OIL: 66.44
USA 10 yr bond yield UP 3 BASIS pts to 4.075
USA 30 yr bond yield UP 3 PTS to 4.718%
USA 2 YR BOND: UP 6 PTS AT 3.542%
CDN 10 YR RATE 3.228 UP 2 BASIS PTS
CDN 5 YEAR RATE: 2.788 UP 1 BASIS PTS
USA dollar index: 97.76 UP 35 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 41.26 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 85.98 DOWN 3 AND 57/100 roubles //
GOLD $3635.80 . (3:30 PM)
SILVER: 40.93 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 196.20 OR 0.43%
NASDAQ 100 UP 77.60 PTS OR 0.33%
VOLATILITY INDEX: 15.17 UP 0.06 OR 0.40%
GLD: $ 334.06. DOWN 0,76 PTS OR 0.23%
SLV/ $37.18 DOWN .33 PTS OR OR 0.88%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 33.19 PTS OR 0.88%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
‘
Gold Spikes To Record High On BLS Bull$hit; Goldman Says “Easy Money” Has Been Made
WRAP UP FOR THE DAY:
USA DATA RELEASES
as expected/crooked data finally comes home to roost:
Worst Revision In History: BLS Admits A Record 919K Fewer Jobs Were Added
BLS data now shows the US added about 919,000 fewer jobs than initially reported over the 12 months that ended in March. This was the biggest negative revision in history.
USA ECONOMIC COMMENTARIES
Careening towards bankruptcy; Santa Monica Ca
“Careening Towards Bankruptcy”: Santa Monica To Declare Fiscal Emergency After Massive Sexual Abuse Settlements
Monday, Sep 08, 2025 – 10:10 PM
Santa Monica, the liberal coastal enclave in Southern California, is poised to declare a “fiscal emergency” as its financial troubles mount, according to a report by The Los Angeles Times.
The city’s budget has been strained by a staggering $229 million in settlements related to sexual abuse claims against former police dispatcher Eric Uller, with an additional 180 claimants still seeking compensation. Uller was accused of sexually abusing over 200 children, primarily underprivileged Latino boys, from the 1980s to early 2000s. Arrested in 2018, Uller committed suicide before his trial.
The Los Angeles Times reports:
Services in Santa Monica are also suffering, according to the report. During the COVID-19 pandemic, city leaders slashed the city’s budget and eliminated hundreds of positions. City services haven’t been restored to pre-pandemic levels, and several capital projects remain unfunded.
Santa Monica’s recently approved budget for the 2025-2026 fiscal year expects expenditures of $484.3 million, but $473.5 million in revenue, according to the Times.
City officials have largely avoided comment ahead of a critical meeting, but agenda notes reveal that concerns about Santa Monica’s precarious finances have been escalating since March.
“I’m afraid that we’re careening towards bankruptcy, and I’m worried that we’re thinking a little small here,” Councilmember Dan Hall warned at the time. “Unless this council takes very bold action, we’re not going to cost-correct.”
The severity of the crisis has already forced Santa Monica to abandon plans to host beach volleyball events for the 2028 Olympics, underscoring the depth of the city’s financial distress.
A study released in October concluded that hosting the 2028 Olympics as a venue city would result in a net financial loss of $1.45 million for Santa Monica, further complicating the city’s strained budget, the Times said.
If approved, the financial emergency would authorize Santa Monica City Manager Oliver Chi to “take all necessary steps to address, alleviate, and mitigate this emergency,” according to the proposed measure.
The average household income in Santa Monica stood at $176,289 in 2023. In the 2020 Presidential Election, Los Angeles County, which includes Santa Monica, voted approximately 71% for Joe Biden compared to 26% for Donald Trump.
end
Chicago
A Bill Comes Due: Chicago’s Johnson And Teachers’ Union Lose Fight For Loan To Sustain Bloated Budget
Monday, Sep 08, 2025 – 07:15 PM
Mayor Brandon Johnson has long been as popular as Ebola in Chicago, a politician who has continued to spend wildly while virtually chasing businesses from the city. Johnson was brought to power with the support of the Chicago Teacher’s Union (CTU) and proceeded to approve bloated contracts and pensions demanded by the CTU. Now, both Johnson and CTU have lost a fight to secure a $200 million loan to avoid the need to reduce the budget or staff.
A bill has come due, and Johnson is claiming that the criticism by some of his closest allies is due to racism.
Johnson fired the head of the school board and packed the board with his allies in order to secure the loan. However, in the end, his allies could not sign off on what would be a disastrous short-term, high-rate loan to plug the hole in the budget.
Chicago politicians have repeatedly yielded to the CTU on massive pension deals to secure the union’s support and contributions in elections. The pensions have triggered financial crises for years. Johnson’s solution was familiar: just borrow more money at ruinous rates to kick the can down the road. In the meantime, the public schools (despite a $10.2 billion budget) continue to fail students, particularly minority and poor students, in a system producing dismal performance and proficiency levels.
The $10.2 billion budget, approved by 12 of 20 board members, closes a $734 million deficit but does not include a loan, which the mayor’s office sought to cover the pension payment and other unexpected shortfalls.
After the pandemic, money from the Biden Administration ran out, and Johnson actually had to balance the books. That would have involved confronting the CPS staff and the powerful union. Instead, Johnson wanted to sign off on another loan. When the former head of the board floated cutting back on the budget and staff, Johnson and the CTU forced him out.
Even the CPS staff was raising alarms over Johnson’s new math approach to loans. They noted that this loan would be signed without any promise of future revenue. In other words, it would just push the CPS and city closer to insolvency through “crisis borrowing.” The result would be a cascading failure, with expected credit downgrades, despite the fact that CPS bonds are already rated at junk status due to past overborrowing to plug budget gaps.
Johnson, however, thinks that money magically appears with loans and that he can simply continue to borrow his way out of any budget shortfall.
It was too much even for the city council, which has approved overspending for years.
Johnson responded in signature fashion and accused his own allies, many of whom are minorities, of effective racism:
“When you put a Black man in charge of a city, all of a sudden everybody wants to be an accountant.”
Of course, one does not have to be an accountant to see that borrowing almost a quarter of a billion dollars for a system near bankruptcy is irrational, especially when it involves a high-rate loan with no revenue stream to support the added burden. It is like a citizen spending wildly on a credit card without any means to pay the principal, let alone the interest.
The difference is that Johnson is risking insolvency for an entire city, suppressing creditworthiness and increasing the costs of future loans.
CPS itself teaches personal finance subjects to students, though it is so heavily laden with jargon that it is hard to tell it from a social studies class. The course description on “educating for equity” seems geared more to balancing societal shortcomings than personal budgets:
“Financial Education begins with students’ identities and memberships in our communities, extends into disciplinary inquiry-based, culturally sustaining instruction that educates for broad economic inclusion, mobility, critical examination of existing systems, and financially secure individuals and communities.”
In the meantime, Chicago is now facing a $1.15 billion shortfall and Johnson is calling for increasing taxes on the wealthy and businesses despite the fact that Chicago is losing both businesses and residents. The incoming citizens are largely immigrants, including undocumented immigrants, in the sanctuary city. That has driven expenditures even higher for the city while it loses businesses and residents needed for its tax base.
As a Chicagoan, I have no illusions about the city politics. There has never been reasonable fiscal policies in the city in my lifetime. However, Johnson has moved from the dismissive to delusional in ignoring the economic realities growing in the city.
end
DR LACALLE…
Lacalle: The Fed Caused High Inflation And The Current Jobs Slump
Tuesday, Sep 09, 2025 – 08:05 AM
Both the recent spike in inflation and the current decline in US jobs are, in a very significant way, the fault of the Federal Reserve.
The Fed’s policies since 2021 reveal a nightmare “pendulum” effect: first, easy money and historic liquidity expansion fueled runaway inflation; then, rapid rate hikes hurt businesses and families as well as job creation, especially for small and medium-sized businesses and families.
In 2021, the largest monetary expansion in decades caused an inflationary burst that was particularly negative for wage earners and small businesses. A massive rate hike exacerbated this negative impact.
The August jobs report exposes the Fed’s failure to balance its mandate. The Federal Reserve did not seem to read their own beige book that warned of a widespread job market weakness for months.
The Federal Reserve’s Beige Book first alerted of a weak job market in April 2025 and continued to highlight the labor market challenges in May and June. The April Beige Book signalled flat economic activity and slow labor demand and highlighted weakness for new entrants such as graduates, with some regions noting slight declines in employment and business activity. However, despite the evident negative impact of high rates, the Fed decided to keep interest rates unchanged even when inflationary pressures proved to be nonexistent. Between April and July, CPI inflation and core CPI monthly figures showed no inflationary pressures from tariffs.
Only 22,000 jobs were created in August. Although the headline shows the weakest number since the pandemic recovery began, we must also consider that the figure includes a reduction in government jobs of 15,000. Reducing government jobs is essential for economic recovery, and in 2025, we experienced a cut of 97,000 jobs, while the period from 2021 to 2024 saw monthly increases of 50,000 government jobs. The unemployment rate increased to 4.3%, which is a small rise compared to Canada’s 6.9% and the euro area’s 6.2%, but it is concerning because this increase was unnecessary.
The private sector—the real engine of growth—is bearing the brunt of high interest rates.
Claudio Borio of the BIS, as well as Congdon and Castaneda, have proven that the explosion of inflation from 2021 to 2023 was clearly tied to unprecedented monetary growth driven by government spending and Fed easing. The Fed’s loose policy, with ultra-low rates and trillions in asset purchases, led to a surge in the money supply far outpacing real economic activity. As Borio has shown, in high-inflation environments, there is a clear link between rapid money supply growth and price spikes. The key driver of the inflation burst came not from supply chain issues but from massive, coordinated monetary expansion and deficit monetisation.
Once inflation took hold, the Fed responded with rapid and significant rate hikes, pushing interest rates well above the estimated “neutral” rate. Studies show that for every 100-basis-point increase above the neutral rate, job growth among small and medium enterprises (SMEs) falls by 0.5 to 1.5 percentage points. SMEs, which lack the market power of large firms, are especially vulnerable: higher borrowing costs force many to freeze hiring, lay off workers, or even shut down. High rates have resulted in the loss of tens of thousands of SME jobs over the past year. The government remained unaffected by inflation and rate hikes. The Biden administration continued to increase government spending, the deficit, and public sector jobs while small and medium-sized enterprises (SMEs) were experiencing the dual negative effects of inflation and interest rate hikes. This was a clear case of crowding out of the private sector.
For families, high rates drive up mortgage, credit card, and car loan payments, squeezing a large proportion of US households who rely on borrowing for everyday needs. Consumption, which makes up 70% of US GDP, has visibly suffered as real disposable incomes have failed to keep pace with higher prices and debt service costs.
Double Shock: How the Fed Made the Jobs Slump
By acting too late against inflation and then maintaining overly restrictive rates even as the labor market slowed, the Fed has delivered a “double shock” to working Americans.
First, loose policy eroded purchasing power and savings through inflation; then, aggressive tightening stifled borrowing, spending, and job growth, especially for those least able to adjust—families and small businesses.
The entire burden of monetary correction was placed on the private sector. Rather than creating a smooth transition, the Fed shifted the burden of addressing inflation onto households and small and medium-sized enterprises. With real wage gains evaporated by high interest expenses and job creation weakening, the policy response continues to weigh on the very sectors most vital for broad-based prosperity.
The story of US monetary policy since 2021 is a sequence of brutal errors. First, the Fed stoked the inflation fire with excessive liquidity; now, it risks deepening the jobs crisis by keeping rates unnecessarily high.
The consequences are clear: destroyed SME jobs, weaker family finances, and an economy stuck in a cycle of uncertainty and lost opportunity.
Thankfully, supply-side policies, tax cuts, and deregulation are keeping the economy alive. It is time for the Fed to stop hurting Americans.
VICTOR DAVIS HANSON
KING NEWS
| The King Report September 9, 2025 Issue 7572 | Independent View of the News |
| NY Fed: August Survey: Inflation Expectations Up at Short-Term Horizon; Consumers’ Job Finding Expectations Drop to Series Low Median inflation expectations ticked up 0.1 percentage point (ppt) to 3.2 percent at the one-year-ahead horizon and were unchanged at 3.0 percent at the three-year-ahead and at 2.9 percent at the five-year-ahead horizon. The mean perceived probability of finding a job if one’s current job was lost fell markedly by 5.8 ppt to 44.9 percent, the lowest reading since the start of the series in June 2013. Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—increased by 1.7 ppt to 39.1 percent. The mean perceived probability of losing one’s job in the next 12 months ticked up by 0.1 ppt to 14.5 percent. The median expected growth in household income remained unchanged for the second consecutive month at 2.9 percent in August. Median household spending growth expectations increased by 0.1 ppt to 5.0 percent… https://www.newyorkfed.org/microeconomics/sce#/inflexp-1 As we noted in our Monday missive, ESUs traded moderately lower on Sunday night (Monday Nikkei opening) but rallied robustly on the resignation of Japan PM Ishiba. ESUs rallied from 6480.25 (daily low) at 18:03 ET to 6507.50 at 20:06 ET. ESUs then stair-stepped down to 6493.75 at 2:00 ET. ESUs then formed a megaphone (higher highs with lower lows) that created a daily high of 6516.50 at the 11:30 ET European close. The post-European close contra-move pushed ESUs down to 6495.75 at 12:37 ET. After an A-B-C rebound to 6505.75 at 13:21 ET, ESUs sank to 6490.25 at 13:52 ET. Another A-B-C rebound took ESUs to 6503.75 at 14:48 ET. ESUs sank to 6491.25 at 15:12 ET. The late manipulation forced ESUs to 6508.00 at 15:59 ET. Positive aspects of previous session The NY Fang+ Index rallied sharply; USZs rallied as much as 1 1/32. US stocks peaked near the 11:30 ET European close. NVDA rallied as much as 2.4% because its CEO shilled H20 chip license requests from China. Negative aspects of previous session Gold and silver rallied smartly, again. The DJTA was soft all session. Buying (Traders, no doubt) was concentrated in Fangs/Mag 7 stocks. Ambiguous aspects of previous session Are traders too long for the expected large downward revision for NFPs? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6495.70 Previous session S&P 500 Index High/Low: 6508.67; 6483.29 Trump admin launches ‘Operation Midway Blitz’ in push to target illegal immigrants, fight violent crime in Chicago — NY Post (In time for the Monday Football Game in Chicago!) “This ICE operation will target the criminal illegal aliens who flocked to Chicago and Illinois because they knew Governor Pritzker and his sanctuary policies would protect them and allow them to roam free on American streets.”… https://nypost.com/2025/09/08/us-news/trump-admin-launches-operation-midway-blitz-in-push-to-fight-crime-and-target-illegal-immigrants-in-chicago/ @shipwreckedcrew: HUGE SCOTUS decision out this morning blocking the injunction issued by SoCal judge that prevented ICE from considering certain factors in making its decision about where to conduct enforcement operations. The SoCal federal judge had held that ICE couldn’t consider locations such as car washes, Home Depot parking lots, farms, etc., as well as three other factors that increase the probability illegal aliens will be encountered by ICE. Vote was 6-3 to stay the injunction. @EYakoby: Islamists in France threaten to burn the Notre Dame church in Paris unless authorities release Ibrahim Alisaoui. (Did they burn it a few years ago?) https://x.com/EYakoby/status/1965110928325939495 The French Government collapsed on Monday after France Prime Minister Francois Bayrou lost a confidence vote (364-194) in the National Assembly. This is France’s 3rd government in 13 months. How JPMorgan Enabled the Crimes of Jeffrey Epstein – NYT A Times investigation found that America’s leading bank spent years supporting — and profiting from — the notorious sex offender, ignoring red flags, suspicious activity and concerned executives.. Anti-money-laundering specialists within the bank noticed Epstein’s pattern of withdrawing tens of thousands of dollars in cash virtually every month…Epstein’s chief defender at the bank was Jes Staley, a top contender to one day succeed Dimon as chief executive… At Epstein’s behest, JPMorgan set up accounts… later said in a deposition that a parade of other Epstein referrals — including to Gates, Elon Musk and Sultan Ahmed bin Sulayem, an Emirati billionaire — followed, though not all became clients… Another internal email noted that Cutler was reviewing Epstein-related documents “for Jamie.” Yet in his own sworn deposition, Dimon said he did not “recall knowing anything about Jeffrey Epstein” until 2019… That March, to the pleasant surprise of JPMorgan’s investment bankers in Israel, they were granted an audience with Netanyahu. The bankers informed Staley, who forwarded their email to Epstein with a one-word message: “Thanks.”… Dimon had several core traits as the leader of America’s biggest bank. One was his willingness to micromanage; a 2010 profile in this magazine mentioned that “Dimon seemingly meddles in every detail.”… https://www.nytimes.com/2025/09/08/magazine/jeffrey-epstein-jp-morgan.html Today – Traders are long for the NFP benchmark revision that is expected to show as much as a 950,000 reduction for the 12-month period (Goldman Sachs estimate). -560k NFP is consensus. Bloomberg Chief Economist @AnnaEconomist: This is our preview for the preliminary benchmark estimate for jobs tomorrow. Our estimate is a smaller-than-consensus 560k downward revisions, with a range from 475k to 714k. We see a rebound in QCEW in 1Q 2025, based on bankruptcy and business formation data. Of course all of this is backward looking and happened before the Trade War 2.0. But what I think these show is the WORST — from the perspective of the contribution of firm birth and death to revisions — was mid-2024… https://x.com/AnnaEconomist/status/1965131386903576902 ‘They’ hope that a large downward NFP revision will force the Fed to cut rates by 50bps next week. If the benchmark NFP revision is less than expected, there could be a spirited equity decline. If the revision significantly exceeds -950k, there should be an initial robust rally. However, recession angst could then surface, which might unleash defensive asset allocation. Pro and astute traders are likely to trade cautiously after the initial reaction and later gyrations over the NFP Revision. August PPI is due tomorrow and August CPI is due on Thursday. These data points could be determining factors for the Fed rate cut decision next week. It’s highly likely that there was a defensive asset allocator in the market on Tuesday. Economically sensitive stocks were soft while bonds rallied smartly, and safe-haven Fangs were bought. ESUs are +3.75; NQUs are +17.50; AU is +1.90 and USZs are -1/32 at 20:20 ET. Expected Economic Data: Aug NFIB Small Biz Optimism 1005; BLS Benchmark Revision to Establishment Survey; Fed in blackout period for September 16-17 FOMC S&P Index 50-day MA: 6357; 100-day MA: 6075; 150-day MA: 5966; 200-day MA: 5972 DJIA 50-day MA: 44,681; 100-day MA: 43,181; 150-day MA: 42,945; 200-day MA: 43,132 (Green is positive slope; Red is negative slope) S&P 500 Index (6495.15 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5447.29 triggers a sell signal Weekly: Trender and MACD are positive – a close below 6214.45 triggers a sell signal Daily: Trender is positive: MACD is negative – a close below 6376.37 triggers a sell signal Hourly: Trender and MACD are positive – a close below 6459.23 triggers a sell signal @WSJ: President Trump on Monday described the suspect in a fatal stabbing in North Carolina as a “evil” and said the U.S. has to confront violent crime Trump: I have seen the horrific video of a beautiful, young Ukrainian refugee, who came to America to escape the vicious War in Ukraine, and was innocently riding the Metro in Charlotte, North Carolina, where she was brutally ambushed by a mentally deranged lunatic. The perpetrator was a well known career criminal, who had been previously arrested and released on CASHLESS BAIL in January, a total of 14 TIMES. What the hell was he doing riding the train, and walking the streets? Criminals like this need to be LOCKED UP. The blood of this innocent woman can literally be seen dripping from the killer’s knife, and now her blood is on the hands of the Democrats who refuse to put bad people in jail, including Former Disgraced Governor and “Wannabe Senator” Roy Cooper. North Carolina, and every State, needs LAW AND ORDER, and only Republicans will deliver it! Additionally, where is the outrage from the Mainstream Media on this horrible tragedy?… @bennyjohnson: Meet Teresa Stokes. She is the judge who let career criminal DeCarlos Brown Jr. walk free and went on to slaughter Iryna Zarutska. Judges like Stokes have inverted justice, treating dangerous criminals as victims while the innocent suffer. Rogue judges who recklessly endanger lives by catering to criminals must face the harshest consequences. Stokes didn’t just fail the system, she enabled a killer. https://t.co/oUfJc5lFXz @TABYTCHI: This magistrate judge never passed the bar exam. You can check for yourself on http://ncbar.gov This is such middle finger to society and justice; nobody with a such shaky grasp of the law should be handing down rulings on career criminals. Incompetence Kills. @rhapsodyboard: Also attended the worst law school (Cooley) in the country. https://x.com/rhapsodyboard/status/1965098704010096649/photo/2 @JoshWalkos: Magistrate Judge Teresa Stokes in North Carolina isn’t just on the bench, she’s also listed as co-owner of Pinnacle Recovery Services, a mental health and addiction treatment outfit. So when defendants get diverted from jail into “treatment,” guess whose business stands to gain? https://x.com/JoshWalkos/status/1965048719331766555 Governor Josh Stein @NC_Governor: I am heartbroken for the family of Iryna Zarutska, who lost their loved one to this senseless act of violence, and I am appalled by the footage of her murder. We need more cops on the beat to keep people safe. That’s why my budget calls for more funding to hire more well-trained police officers. I call upon the legislature to pass my law enforcement recruitment and retention package to address vacancies in our state and local agencies so they can stop these horrific crimes and hold violent criminals accountable. @willchamberlain: What on earth are you talking about, Governor? Decarlos Brown was arrested 14 times! The police did their job. It’s your job to sign into law bills that keep career criminals in jail! @megbasham: Soros also backed the campaign of current North Carolina governor Josh Stein, who instituted a “task force for racial equity in criminal justice” that put in place the pre-trial release and decriminalization of homelessness policies that allowed Decarlos Brown to be on the streets to murder Iryna Zarutska. https://x.com/megbasham/status/1965133272104735112 Charlotte Mayor Vi Lyles ripped over woke response demanding ‘compassion’ for madman accused of slaughtering Ukrainian refugee Iryna Zarutska – Lyles demanded the same “compassion, diligence and commitment as cancer and heart disease” for Brown, who knifed the innocent victim to death… https://trib.al/1TaEDpG @EricLDaugh: The mayor of Charlotte is criticizing anyone who shares the video of a black man brutally stabbing a white woman in her city, and says she’s “thinking” about “safety” in Charlotte. “I want to thank our media partners and community members who have chosen not to repost or share the footage.” “I’ve been thinking hard about what safety really looks like in our city. I remain committed to doing all we can to protect our residents and ensure Charlotte is a place where everyone feels safe.” https://x.com/EricLDaugh/status/1964487085152161849 US Deputy AG for Civil Rights @HarmeetKDhillon: Since when does the government have MEDIA PARTNERS!? Stabbing video fuels MAGA’s crime message MAGA influencers are drawing repeated attention to violent attacks to elevate the issue of urban crime — and accuse mainstream media of under-covering shocking cases… Elon Musk repeatedly posted about the Charlotte case this weekend for his 225 million X followers… Whatley wrote on X that in June 2020, “Cooper signed a soft-on-crime executive order, and just three months later, Brown was released from prison.”… https://www.axios.com/2025/09/08/iryna-zarutska-stabbing-video-republicans-maga @ImMeme0: Just another murder the national media ignored because it doesn’t fit the narrative. In May, Logan Federico, a 22-year-old college student, was visiting a friend in North Carolina when a career criminal, Alexander Dickey, went on a violent rampage. He broke into her friend’s house and shot and killed her. Dickey had nearly 40 prior arrests! In 2023, despite a long history of burglary, he was given probation for what should have been his third conviction. He was sentenced to five years but served only 411 days. https://x.com/ImMeme0/status/1965059898150195536 @FoxNews: Rep. Randy Fine of Florida says he will introduce legislation aimed at holding judges accountable for releasing violent repeat offenders who then commit new crimes. Fine specifically addressed judges who previously released Decarlos Brown Jr., the suspect accused of fatally stabbing 23-year-old Iryna Zarutska on a Charlotte light rail train. (The GOP has their issue for the 2026 Elections!) @libsoftiktok: Reporter: Do you support abolishing the NYPD gang database? Zohran Mamdani: OF COURSE https://x.com/libsoftiktok/status/1965098955316101610 @EndWokeness: Zohran Mamdani says he will “reduce the jail population” and ensure NYC courts release suspects faster. https://x.com/EndWokeness/status/1965125344534663345 @mazemoore; 1989. Senator Biden calls on George Bush to do more to fight crime and drug trafficking. Beef up border security. Build more prisons. Set up an international strike force to take out narco terrorists. Oh, how times have changed. https://x.com/mazemoore/status/1965054020852334657 @WhitlockJason: BLM and the people who passionately and softly supported it destroyed the reputation of Black Americans, dishonored the people who sacrificed for our citizenship and dignity… The left and their allies exploited L’Affaire George Floyd to persuade numerous Americans to embrace their soft on crime policies. We opined that this is a replay of the ‘60s, and when violent crime escalated, the US would flock to the right, like it did for Nixon in 1972. The escalation in violent crime due to the epidemic of ‘go soft on criminals’ policies and laws after L’Affaire Georg Floyd has created a backlash against soft-on-crime policies and politicians. How long will it take Dem politicians, like Biden and Clinton post-Reagan, to espouse tough on crime policies? For at least 60 years, the usual suspects have proclaimed that MORE social spending is the key to reducing US violent crime. After tens of trillions of dollars spent, how has that worked out? “The heart of the wise inclines to the right, but the heart of the fool to the left.” — Ecclesiastes 10:2 | |
SWAMP STORIES FOR YOU TONIGHT
You reward this behaviour?
BLMers Launch GoFundMe For Subway Stabber, Charlotte Mayor Urges Video Censorship
Tuesday, Sep 09, 2025 – 08:50 AM
Authored by Benjamin Bartee via PJMedia.com,
The biggest story in the world over the weekend — on social media, that is; legacy corporate state media ignored it entirely because it’s inconvenient to their narrative — was the unprovoked plunging of a blade into the carotid artery of a 23-year-old Ukrainian refugee by a hulking thug with 14 prior arrests for violent crime to his name.
Unlike the legacy media that refuses to touch rampant and totally disproportionate black-on-white crime on pain of death, Athena Thorne covered the story for PJ Media.
In more recently released audio to accompany the video, the killer can be heard congratulating himself: “I got that white girl.”
Unsurprisingly, but still shocking to the conscience, BLM-esque activists sympathetic not to the victim but to the cold-blooded murderer launched not one but two GoFundMe fundraisers in the immediate aftermath, even though video of the assault is widely available on social media and depicts a pre-meditated and, again, wholly unprovoked attack on an innocent and defenseless woman who appears to have barely weighed 100 pounds.
From the first fundraiser for the killer, now deleted but archived here:
Raising money to assist with legal fees for Decarlos Dejuan Brown JR. anything helps fight against the racism and bias against our people. Thank you for giving us a hand to push against this corrupt narrative
From the second, also deleted but also archived here:
While what happened on the Blue Line was a tragedy what we mustn’t lose sight of is the fact that Decarlos Brown JR was failed categorically by the Judicial system and the Mental Health Services of North Carolina and as such is not entirely to blame for what happened.
As it is so, we endeavor to raise funds for his legal defense and hope to avoid punitive sentencing and to also get him the aid he requires.
The “mental health professionals made him do it” line is so stupid that it’s hard to believe the second fundraiser wasn’t satire.
Speaking to the Washington Examiner, the company explained that it had removed the pages and refunded donor money:
GoFundMe’s Terms of Service explicitly prohibit fundraisers that raise money for the legal defense of anyone formally charged with an alleged violent crime. Consistent with this long-standing policy, this fundraiser has been removed from the platform and the donors who contributed to the fundraiser have been fully refunded.
In separate but equal news, diverse Charlotte Mayor Vi praised the city’s “media partners” (why should media be in “partnership” with government?) for refusing to air the footage — out of respect for the victim, obviously:
The video of the heartbreaking attack that took Iryna Zarutska’s life is now public. I want to thank our media partners and community members who have chosen not to repost or share the footage out of respect for Iryna’s family.
The hypocrisy is so glaring that it scarcely needs noting, but not one of these DEI public officials — not one — promoted the censorship of the George Floyd overdose video that sparked a summer of rioting from coast to coast.
One must wonder: why the double standard?
GREG HUNTER…
harveyorganblog.com 
