WE HAVE NOW ENTERED OPTION EXPIRY MONTH:
SEPT 30 IS LBMA LONDON EXPIRY
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190 H BMO CAPITAL MARKETS 87
624 H BOFA SECURITIES 101
686 C STONEX FINANCIAL INC 13
732 C RBC CAP MARKETS 100
880 H CITIGROUP 100
905 C ADM 1
GOLD: NUMBER OF NOTICES FILED FOR SEPT/2025: 201 CONTRACTs NOTICES FOR 20,100 OZ or 0.6251 TONNES
total notices so far: 8320 contracts for 832,000 OR 25.878 tonnes)
SILVER NOTICES: 45 NOTICE(S) FILED FOR 0.225 MILLION OZ/
total number of notices filed so far this month : 13,629 CONTRACTS (NOTICES) for 68.145 million oz
JULY: 50.925 MILLION OZ (QUITE SMALL)
AUGUST: 59.455 MILLION OZ (QUITE SMALL)
SEPT. 45.310 MILLION OZ.(QUITE SMALL)
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: 68.040 MILLION OZ NORMAL DELIVERY(INCLUDES ALL QUEUE JUMPING AND EXCHANGE FOR PHYSICAL TRANSFERS) PLUS 3.0 MILLION OZ EX FOR RISK = 71.040 MILLION OZ. (THIS IS THE FIRST AND ONLY 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 AND 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 0.4883 TONNES PLUS 2.2827 TONNES OF EXCHANGE FOR RISK TODAY//NEW TOTAL EX. FOR RISK/MONTH = 22.923//NEW TOTAL STANDING FOR GOLD SEPT ADVANCES TO = 48.801 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. 106.177 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 OCT. 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 SIZED 2016 CONTRACTS OI TO 169,643 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 700 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
DEC 700 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 640 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 1489 CONTRACTS AND ADD TO THE 700 E.FP. ISSUED
WE OBTAIN A MEGA MEGA HUGE SIZED GAIN OF 2716 OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR HUGE GAIN OF $1.58 THE RATS ARE FLEEING THE ARENA.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 13.580 MILLION PAPER OZ
OCCURRED WITH OUR GAIN $1.58 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:
//Hang Seng CLOSED UP 494.68 PTS OR 1.89%
// Nikkei CLOSED : DOWN 311.24PTS OR 0.69% //Australia’s all ordinaries CLOSED UP 0.76%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1193 OFFSHORE CLOSED UP AT 7.1218/ Oil DOWN TO 64.88 dollars per barrel for WTI and BRENT UP TO 69.31 Stocks in Europe OPENED ALL MIXED
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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 FELL BY A FAIR SIZED 2955 CONTRACTS TO 513,357 OI WITH OUR GAIN IN PRICE OF $38.40 WITH RESPECT TO FRIDAY’S // TRADING COMEX CLOSING TIME:… WE LOST ZERO 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 (1761). WE HAD LITTLE T.A.S. LIQUIDATION(AS WE ARE IN OPTIONS EXPIRY WEEK FOR SEPT.) WE HAD A TOTAL LOSS IN OI ON BOTH OF OUR EXCHANGES, THE COMEX AND LONDON’S EXCHANGE FOR PHYSICAL EQUATING TO 1194 CONTRACTS (OR 47.001 TONNES).THEN WE WERE NOTIFIED, THAT WE HAD A HUGE 909 CONTRACTS EXCHANGE FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 90,900 OZ OR 2.827 TONNES OF GOLD
A LITTLE HISTORY ON OUR EXCHANGE FOR RISK ISSUANCES:
HERE IS A CLOSER LOOK AT EXCHANGE FOR RISK ISSUANCES FOR THESE PAST 3 MONTHS;
(TOTAL EXCHANGE FOR RISK LAST 3 MONTHS 68.542 TONNES//BANK OF ENGLAND TOTAL RESERVES 310 TONNES.)
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 BADLY AS 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). EARLY IN THE MONTH 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 AN ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.
AND NOW:
SEPT:
SEPTEMBER: SEVEN ISSUANCES SO FAR TOTALLING 7,370 CONTRACTS OR 737,000 OZ OR 22.923 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 9.4054 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).AT THE BEGINNING OF THE MONTH 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 PREVIOUS DAY’S ISSUANCE OF 2924 CONTRACTS. THE HUGE NUMBERS OF EXCHANGE FOR RISK SUGGEST THAT A MAJOR CENTRAL BANK IS DEMANDING ITS GOLD BACK.
SEPTEMBER: SEVEN ISSUANCES FOR 7370 CONTRACTS SO FAR FOR 737,000 OZ OR 22.923 TONNES OF GOLD!!
AS I EXPLAINED ABOVE,:THE RECIPIENT OF EXCHANGE FOR RISK IS THE BANK OF ENGLAND
here are the only possible candidates who must bring back loaned gold
- THE BANK OF ENGLAND WHO CONTINUES TO LEASE OUT MUCH ITS GOLD TO BULLION BANKS AND :(EX FOR RISK 9 MONTH TOTALS 116 TONNES)//TOTAL RESERVES OF BOE EQUALS 310 TONNES)
- THE FEDERAL RESERVE BANK OF NEW YORK (NEED TO RETRIEVE THEIR LEASED GOLD FROM THE BIS).THE FED STILL REFUSES TO BRING BACK MUCH OF ITS 34 TONNES SHORTFALL. IT BOUGHT BACK ONLY 4 TONNES AND THUS THEIR SHORTFALL TO THE BIS IS 30 TONNES.
HOWEVER, IN OUR CASE, EXCHANGE FOR RISK RECIPIENT IS THE BANK OF ENGLAND. THE COUNTERPARTY TO THE BANK OF ENGLAND EXCHANGE FOR RISK ARE BULLION BANKS THAT CANNOT VERIFY THAT THEIR GOLD IS UNENCUMBERED. THE BUYER, REPRESENTING THE CENTRAL BANK OF ENGLAND ASSUMES THE RISK OF THAT DELIVERY. THIS IS THE 9TH MONTH FOR ISSUANCE OF EXCHANGE FOR RISK !!…..(DEC THROUGH SEPT//ONLY MISSING JUNE. TOTAL 9 MONTHS ISSUANCE 116 TONNES)……… THE FACT THAT A CENTRAL BANK TAKES THE RISK OF A DELIVERY IS TOTALLY INSANE. THE VERY FIRST ISSUE OF EXCHANGE FOR RISK CAME IN DECEMBER 2024.
DETAILS ON SEPTEMBER COMEX MONTH//
IN TOTAL WE HAD A FAIR SIZED LOSS ON OUR TWO EXCHANGES OF 1194 CONTRACTS WITH OUR 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 FORCE MAJEURE AT GRASBERG IS CERTAINLY HAVING AN EFFECT ON LEASE RATES IN LONDON WITH RESPECT TO GOLD/SILVER.
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 SMALL T.A.S ISSUANCE AS THE CME NOTIFIES US THAT THEY HAVE ISSUED 710 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 AGAIN LAST NIGHT DESPERATELY TRYING TO STOP GOLD’S ADVANCE. THIS GENERALLY ENDS IN FAILURE AS FOR THE FIRST TIME EVER, THEY FAILED TO RAID AT MONTH’S END AUGUST COMEX AND OTC/LONDON LBMA EXPIRY!! SO THE CROOKS DECIDED IT WAS NECESSARY TO RAID AROUND THE BIG INTEREST RATE ANNOUNCEMENT SEPT 17-SEPT 18 AND THEY TRIED AGAIN THIS PAST WEDNESDAY WITH MUCH FAILURE AS THE TOTAL OPEN INTEREST REFUSES TO BUCKLE!!
THE T.A.S. LIQUIDATION OF THESE T.AS. CONTRACTS (ALONG WITH PREVIOUS 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 WHICH IS MONSTROUS!!!
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 0.4883 TONNES QUEUE JUMP TO GO ALONG WITH TODAY’S 2.817 TONNES OF EXCHANGE FOR RISK ISSUANCE TODAY AND // TOTAL EXCHANGE FOR RISK ISSUANCE SEPT: 22.923 TONNES//NEW TOTALS STANDING ADVANCES TO 48.801 TONNES OF GOLD!!!
THE FED IS THE OTHER MAJOR SHORT OF AROUND 30+ 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 242 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.
AND NOW SEPTEMBER:
SUMMARY SO FAR SEPT: 8.093 TONNES INITIALLY STANDING FOR GOLD COUPLED WITH TODAY;S 0.4883 TONNES QUEUE JUMP AND 2.827 TONNES EXCHANGE FOR RISK TODAY// NEW TOTALS OF 22.923 TONNES OF EXCHANGE FOR RISK ISSUANCE/ SEPT MONTH AND THIS IS ADDED TO OUR NORMAL DELIVERY OF 25.878 TONNES
THAT IS;
A) 2.827 TONNES OF EXCHANGE FOR RISK ISSUANCE TODAY // =//TOTAL FOR MONTH EXCHANGE FOR RISK: 22.923 TONNES EX FOR RISK!!
B) 0.4883 TONNES TODAY QUEUE JUMP//NORMAL DELIVERY OF 25.878 TONNES
TOTALS: 48.801 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 FAIR SIZED 1761 EFP CONTRACT WAS ISSUED: : /DEC 1761 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 1761 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 :
- LITTLE LIQUIDATION OF OUR T.A.S. SPREADERS//FRIDAY AND THIS HAD NO EFFECT ON OUR TOTAL OPEN INTERESTAS IT ACTUALLY ROSE HUGELY!!
- MONTH END SPREADERS HAVE NOW COME IN THE PICTURE AND IT SURELY LOOKS LIKE THERE WILL BE NO DAMAGE TO THE PRICE OF GOLD SIMILAR TO WHAT HAPPENED DURING AUGUST EXPIRY MONTH.
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 THURSDAY NIGHT/FRIDAY MORNING WAS A SMALL SIZED SIZED 710 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 GAIN IN PRICE IN GOLD AND A CORRESPONDING 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)
- AND THIS WAS FOLLOWED WITH AUGUST’S 7 ISSUANCES OF EXCHANGE FOR RISK FOR 44.696 TONNES
3) TO BE FOLLOWED BY SEPTEMBER’S 7 ISSUANCES FOR EXCHANGE FOR RISK FOR 22.923 TONNES.
GOLD STANDING AT THE COMEX 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: 25.878 TONNES OF GOLD (INCLUDES TODAY’S QUEUE JUMP OF .4883 TONNES) +2.827 TONNES EX FOR RISK TODAY//
TOTAL EX FOR RISK// FOR MONTH = 22.923//NEW TOTALS FOR GOLD STANDING SEPT ADVANCES TO 48.801 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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD TRADING BEGINNING SEPTEMBER CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY A $38.40./ /) AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED LOSS IN OI FROM TWO EXCHANGES. BUT AS EXPLAINED ABOVE WE HAD LITTLE T.A.S. SPREADER LIQUIDATION FRIDAY. MUCH OF THAT LOSS IN OI FOR OUR TWO EXCHANGES WAS DUE TO VERY LITTLE SPREADER LIQUIDATION BUT MOSTLY SPECULATIVE LONGS PILING INTO COMEX GOLD TRADING. THIS WAS COUPLED WITH GOVERNMENT LIQUIDATING THEIR CONTRACTS OUT OF SEVERE FEAR!! /// 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 NOW IN ORDER TO FORMALIZE RAIDS, LET US SEE IF OUR CROOKS AGAIN FAIL AGAIN ON THIS SEPT. OPTIONS EXPIRY WEEK , LIKE THEY DID IN AUGUST. COMEX EXPIRY IS CONCLUDED YESTERDAY, SEPT 25 AND LBMA LONDON EXPIRY IS FINISHING TUESDAY SEPT 30.
SATURDAY MORNING//FRIDAY 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 FRIDAY EVENING/ SATURDAY 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
ANALYSIS SEPT DELIVERY MONTH GOING FROM FIRST DAY NOTICE// SEPT COMEX CONTRACT
WE HAVE A FAIR SIZED LOSS TOTAL OF 37.138 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 0.4883 TONNES OF GOLD ALONG WITH 2.827 TOTAL TONNES OF EXCHANGE FOR RISK TODAY/// TOTAL FOR MONTH TOTALS EX FOR RISK// MONTH = 22.923//NEW TOTAL STANDING FOR GOLD IN SEPT ADVANCES TO: 48.801 TONNES.
ALL OF THIS HUGE STANDING FOR SEPTEMBER WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $38.40
WE HAD A MAMMOTH 16,335 CONTRACTS REMOVED TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL. AND THIS IS TOTALLY INSANE AS WELL. THIS IS THE HIGHEST EVER RECORDED REMOVAL OF CONTRACTS PRELIMINARY TO FINAL
NET LOSS ON THE TWO EXCHANGES 1194 CONTRACTS OR 119400 0Z (37.138TONNES)
confirmed volume FRIDAY 330,734 contracts// strong//
speculators have left the gold arena
INITIAL GOLD COMEX
SEPT CONTRACT MONTH
SEPT 29 /2025
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 0 entries . |
| Deposit to the Dealer Inventory in oz | 0 ENTRIES |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER 0 ENTRIES xxxxxxxxxxxxxxxxI |
| No of oz served (contracts) today | 201 notice(s) 20100 OZ 0.6251 TONNES |
| No of oz to be served (notices) | 00 contracts 00 OZ 0.000 TONNES |
| Total monthly oz gold served (contracts) so far this month | 8320 notices 832,000 oz 25.878 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
0 ENTRIES
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
customer withdrawal
0 entries
ADJUSTMENTs 1
ADJUSTMENTs 2
dealer to customer
a) Asahi 151,804.629 oz
b) Loomis 64,024.680 oz
volume at the comex: FRIDAY: 245,529 oz (good)
AMOUNT OF GOLD STANDING FOR SEPTEMBER
THE FRONT MONTH OF SEPTEMBER STANDS AT 201 CONTRACTS FOR A LOSS OF 996 CONTRACTS. WE HAD 1197 CONTRACTS FILED ON FRIDAY SO WE GAINED A STRONG 157 CONTRACTS OR 15,700 OZ ENTERTAINED A QUEUE JUMP OF 0.4883 TONNES. WE NOW MUST ADD TO OUR INITIAL 8.093 TONNES OF GOLD STANDING TO TODAY’S QUEUE JUMP OF 0.4883 TONNES, ADDING TO PREVIOUS QUEUE JUMPS AND THEN ADD TOTAL MONTH SEPT// EX FOR RISK = 22.923.//(WHICH INCLUDES TODAY’S 2.827 TONNES EX. FOR RISK) THUS NEW TOTAL OF GOLD STANDING ADVANCES TO 48.801 TONNES
OCTOBER LOST 2534 CONTRACTS DOWN TO 30,547
NOVEMBER GAINED 31 CONTRACTS UP TO 4427 CONTRACTS.
We had 201 contracts filed for today representing 20100 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 201 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer an 0 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 (8320 X 100 oz ) to which we add the difference between the open interest for the front month of SEPT ( 201 CONTRACTS) minus the number of notices served upon today (201 x 100 oz per contract) equals 832,000 OZ OR 25.878 TONNES OF GOLD TO WHICH WE ADD OUR TOTAL EX FOR RISK/SEPT MONTH OF 22.923 TONNES//NEW TOTAL STANDING ADVANCES TO 48.801 TONNES
thus the INITIAL standings for gold for the SEPTEMBER contract month: No of notices filed so far (8320 x 100 oz +we add the difference for front month of SEPT. (201 OI} minus the number of notices served upon today (201 x 100 oz) which equals 832,000 OZ OR 28.878 TONNES PLUS 22.923 TONNES EXCHANGE FOR RISK = 48.801 TONNES.
TOTAL COMEX GOLD STANDING FOR SEPT..: 48.801 TONNES TONNES WHICH IS HUGE FOR THIS NORMALLY INACTIVE ACTIVE DELIVERY MONTH IN THE CALENDAR.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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: 2,012,394.014 oz 62.59 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 39,946,400.731 oz
TOTAL REGISTERED GOLD 21,861,773.570 or 679.99 tonnes
TOTAL OF ALL ELIGIBLE GOLD 18,054,627.165 OZ
END
REGISTERED GOLD THAT CAN BE SERVED UPON 19,849.379oz ((REG GOLD- PLEDGED GOLD)= 617.40 tonnes // (
total inventories in gold declining rapidly
SILVER/COMEX
SILVER/COMEX
THE SEPTEMBER 2025 SILVER CONTRACTS
SEPT 29 2025
INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entry a) Out of Loomis: 50,839.740 oz total withdrawal: 50,839.740 oz |
| Deposits to the Dealer Inventory | 0 ENTRY |
| Deposits to the Customer Inventory | 2 entries i) Into Asahi: 1,188,755.090 oz ii) Into Delaware: 1546.495 oz total deposit: 1,190,701.585 |
| No of oz served today (contracts) | 45 CONTRACT(S) ( 0.225 million OZ |
| No of oz to be served (notices) | 9 contracts (0.0450 MILLION oz) |
| Total monthly oz silver served (contracts) | 13,629 Contracts (68.145 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
0 ENTRY
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
DEPOSIT ENTRIES/CUSTOMER ACCOUNT
2 entries
i) Into Asahi: 1,188,755.090 oz
ii) Into Delaware: 1546.495 oz
total deposit: 1,190,701.585
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx)
withdrawals: customer side/eligible
1 entry
a) Out of Loomis: 50,839.740 oz
total withdrawal: 50,839.740 oz
adjustments: all dealer to customer
7 adjustments
a) Asahi: 2,252,459.410 oz
b) Brinks 23,518.800 oz
c) CNT 1291,389.240 oz
d) HSBC 4805.00 oz
e) JPMorgan 120,319.100 oz
f) Loomis 436,220.950 oz
g) Stonex 133,900.550 oz
TOTAL REGISTERED SILVER: 191.437 MILLION OZ//.TOTAL REG + ELIGIBLE. 531.484 Million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR SEPT.
silver open interest data:
FRONT MONTH OF SEPTEMBER /2025 OI: 56 OPEN INTEREST CONTRACTS FOR A LOSS OF 24 CONTRACTS. WE HAD 56 CONTRACTS SERVED ON FRIDAY SO WE GAINED A FAIR SIZED 32 CONTRACTS OR 160,000 OZ ENTERTAINED A QUEUE JUMP TO TAKE DELIVERY OVER ON THIS SIDE OF THE POND..//NEW STANDING FOR SILVER COMEX INCREASES TO 68.190 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 71.190 MILLION OZ.
STANDING FOR SILVER: 71.190 MILLION OZ
OCTOBER LOST 113 CONTRACTS TO 2846
NOVEMBER GAINED 117 CONTRACTS UP TO 2343.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 45 or 0.225 MILLION oz
CONFIRMED volume; ON FRIDAY 109,648 huge//
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 13,629 X5,000 oz = 68.145MILLION oz
to which we add the difference between the open interest for the front month of SEPT (56) AND the number of notices served upon today (45 )x (5000 oz)
Thus the standings for silver for the SEPTEMBER 2025 contract month: (13,629) Notices served so far) x 5000 oz + OI for the front month of SEPTEMBER(56) minus number of notices served upon today (45)x 5000 oz equals silver standing for the SEPTEMBER contract month equating to 68.190 MILLION OZ TO WHICH WE ADD OUR INITIAL EXCHANGE FOR RISK SEPT TOTALLING 3.0 MILLION OZ//NEW STANDING REDUCES TO 71.190 MILLION OZ
New total standing: 71.190 million oz which is STILL 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 191.437 million oz of registered silver
JPMorgan as a percentage of total silver: 210.283/531.484million. 39.54%
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 29 WITH GOLD UP $48.65 TODAY/HUGE CHANGES IN GOLD AT THE GLD A MASSIVE DEPOSIT OF 8.87 TONNES OF GOLD VAPOUR ENTERED INTO THE GLD. . /// ///INVENTORY RESTS AT 1005.72 TONNES
SEPT 26 WITH GOLD UP $38.40 TODAY/NO CHANGES IN GOLD AT THE GLD . /// ///INVENTORY RESTS AT 996.85 TONNES
SEPT 25 WITH GOLD UP $5.70 TODAY/HUGECHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.82 TONNES OF GOLD FROM THE GLD/ . /// ///INVENTORY RESTS AT 996.85 TONNES
SEPT 24 WITH GOLD DOWN $47.70 TODAY/NO CHANGES IN GOLD AT THE GLD . /// ///INVENTORY RESTS AT 1000.67 TONNES
SEPT 23 WITH GOLD UP $42.10 TODAY/HUGE CHANGES IN GOLD AT THE GLD A MAMMOTH DEPOSIT OF 6/11 TONNES OF GOLD VAPOUR ENTERED THE GLD. /// ///INVENTORY RESTS AT 1001.67 TONNES
SEPT 22 WITH GOLD UP $68.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD A MAMMOTH DEPOSIT OF 14.61 TONNES OF GOLD VAPOUR ENTERED THE GLD. /// ///INVENTORY RESTS AT 994.56 TONNES
SEPT 19 WITH GOLD UP $26.70 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 4.29 TONNES OF GOLD FROM THE GLD /// ///INVENTORY RESTS AT 979.95 TONNES
SEPT 18 WITH GOLD DOWN $37.50 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 4.29 TONNES OF GOLD FROM THE GLD /// ///INVENTORY RESTS AT 975.66 TONNES
SEPT 17 WITH GOLD DOWN $8.30 TODAY/NO CHANGES IN GOLD AT THE GLD /// ///INVENTORY RESTS AT 979.95 TONNES
SEPT 16 WITH GOLD UP $8.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.01 TONNES OF GOLD FROM THE GLD:/// ///INVENTORY RESTS AT 979.95 TONNES
SEPT 15 WITH GOLD UP $45.30 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 3.01 TONNES OF GOLD FROM THE GLD:/// ///INVENTORY RESTS AT 974.80 TONNES/
SEPT 12 WITH GOLD UP $12.40 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD:/// ///INVENTORY RESTS AT 977.95 TONNES/
SEPT 11 WITH GOLD DOWN $7.50 TODAY/SMALL CHANGES IN GOLD AT THE GLD A DEPOSIT OF .28 TONNES OF GOLD INTO THE GLD:/// ///INVENTORY RESTS AT 979.96 TONNES//
SEPT 10 WITH GOLD DOWN $1.10 TODAY/NO CHANGES IN GOLD AT THE GLD:/// ///INVENTORY RESTS AT 979.68 TONNES//
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
GLD INVENTORY: 1005.72 TONNES, TONIGHTS TOTAL
SILVER
SEPT 29 WITH SILVER UP $0.37 TODAY/SMALL CHANGES IN SILVER AT THE SLV A SMALL WITHDRAWAL OF 0.908 MILLION OZ OF SILVER DEPOSITED OUT OF THE COMEX/: /// ///INVENTORY RESTS AT 493.894 MILLION OZ//
SEPT 26 WITH SILVER UP $1.58 TODAY/SMALL CHANGES IN SILVER AT THE SLV A SMALL DEPOSIT OF 0.681 MILLION OZ OF SILVER DEPOSITED INTOTHE COMEX/: /// ///INVENTORY RESTS AT 494.802 MILLION OZ//
SEPT 25 WITH SILVER UP $1.44 TODAY/HUGE CHANGES IN SILVER AT THE SLV A MASSIVE WITHDRAWAL OF 3.222 MILLION OZ OF SILVER OUT OF THE COMEX THE COMEX/: /// ///INVENTORY RESTS AT 494.121 MILLION OZ//
SEPT 24 WITH SILVER DOWN $0.48 TODAY/HUGE CHANGES IN SILVER AT THE SLV A MASSIVE DEPOSIT OF 3.222 MILLION OZ OF SILVER VAPOUR ENTERED THE COMEX/: /// ///INVENTORY RESTS AT 497.343 MILLION OZ//
SEPT 23 WITH SILVER UP $0.32 TODAY/HUGE CHANGES IN SILVER AT THE SLV A MASSIVE DEPOSIT OF 5.265 MILLION OZ OF SILVER VAPOUR ENTERED THE COMEX/: /// ///INVENTORY RESTS AT 494.121 MILLION OZ//
SEPT 22 WITH SILVER UP $1.16 TODAY/NO CHANGES IN SILVER AT THE SLV: /// ///INVENTORY RESTS AT 488.357 MILLION OZ//
SEPT 19 WITH SILVER UP $0.89 TODAY/HUGE CHANGES IN SILVER A WITHDRAWAL OF 0.908 MILLION OZ OUT OF THE SLV: /// ///INVENTORY RESTS AT 488.357 MILLION OZ//
SEPT 18 WITH SILVER DOWN $0.69 TODAY/HUGE CHANGES IN GOLD AT THE GLD A WITHDRAWAL OF 0.908 MILLION OZ OUT OF THE SLV: /// ///INVENTORY RESTS AT 488.357 MILLION OZ//
SEPT 17 WITH SILVER DOWN $0.03 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 2.088 MILLION OZ INTO THE SLV: /// ///INVENTORY RESTS AT 489.265 MILLION OZ//
SEPT 16 WITH SILVER DOWN $0.05 TODAY/HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.500 MILLION OZ INTO THE SLV: /// ///INVENTORY RESTS AT 487.177 MILLION OZ//
SEPT 15 WITH SILVER UP $0.28 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 485.677 MILLION OZ//
SEPT 12 WITH SILVER UP $0.46 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 485.677 MILLION OZ//
SEPT 11 WITH SILVER UP $0.46 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 485.677 MILLION OZ//
SEPT 10 WITH SILVER UP $0.28 TODAY/NO CHANGES IN GOLD AT THE GLD: /// ///INVENTORY RESTS AT 485.677 MILLION OZ //
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.//
CLOSING INVENTORY 493.894 MILLION OZ//
PHYSICAL GOLD/SILVE
1/PETER SCHIFF
JOHN RUBINO
JAMES RICKARDS
2. MATHEW PIEPENBERG/VON GREYERZ
ALASDAIR MACLEOD
Why currencies are doomed
The 54-year fiat currency era is coming to an end. Even their users will lose faith in them rendering them valueless, which is why valued in gold they are beginning to collapse.
| Alasdair MacleodSep 28∙Paid |
When it is understood that gold’s value is relatively stable over time, and that it is the value of currencies which change, it becomes obvious that the “price” of gold is irrelevant. It is the changing value of a currency that matters. And a decline in a currency’s value, largely due to loss of faith in it is reflected in higher prices for gold, and all non-monetary goods.
The causes of rising prices are poorly understood. Modern economic theories are badly disingenuous in this respect, leading to an almost total lack of awareness about the economic and monetary dangers we face, even among economists.
These dreadful errors are now hastening the demise of today’s fiat currency system.
A little theory
Carl Menger in the 1870s was the first economist to properly explain the subjective price theory with which we are familiar with today. Put simply, in any transaction there is a subjective and objective value.
The goods or services being exchanged are the subject of negotiation between buyer and seller: in other words, their value is a matter of opinion or is the subjective element in a transaction. Meanwhile, the currency in which they are priced is seen to have the same value by both buyer and seller — that’s the objective value.
It can only be this way. After all, to be the objective value is the function of a medium of exchange. But it colours our view. When we see prices rising, we naturally think that goods and services are getting more expensive, because in transactions they are always subjective. It doesn’t occur to us that it is the currency losing value as a medium of exchange. The error is not confined to the man in the street; it is also common to economists who invariably describe inflation as a rise in prices, not a debasement of the currency.
Grasp this nettle and a new world of understanding opens up to us. When central banks such as the Peoples Bank of China are buying gold, that is how it is seen by commentators. But if you understand that they are selling dollars it puts a new complexion on the PBOC’s actions. For the PBOC, gold is the objective value and the dollar, which is a foreign currency to it is the subjective. This is why the correct way to look at it from the PBOC’s viewpoint is that it is the dollar losing value, confirmed in the following chart:
Now we can understand what the PBOC sees. Officials in charge of the official reserves will have asked themselves, “when is this going to stop?”. Clearly, there is no end to it and furthermore the rate of decline is accelerating.
It is a view shared by increasing numbers of central banks, which is why as a cohort they have been selling dollars and other fiat currencies for gold for a number of years. The decline in fiat currency values is becoming more widely noted, and though there are no statistics available sovereign wealth funds are reportedly following suit.
The decline in value of fiat currencies relative to gold is no surprise to Carl Menger’s followers in the Austrian school of economics. Indeed, Ludwig von Mises battled to explain to Austria’s politicians how to stop the slide in the Austrian crown’s value following WW1 and the breakup of the Austro-Hungarian empire. Eventually they took his advice, saving the crown from a complete collapse in its value in early 1923, a fate that befell Germany’s reichsmark later that year. But not before Austria’s crown had lost almost all of its purchasing power.
With respect to currencies, the ultimate objective value is gold. The Romans first defined it in law through the findings of three jurors — Gaius, Ulpian, and Paulus — in the second and third centuries AD, subsequently incorporated in Justinian’s Pandects in 530 AD and for the Eastern Empire in the Basilica in 892 AD. These rulings are the basis of the common laws with respect to money and credit in the Roman Empire’s successor nations, which then colonised most of the world.
A nation which detaches its currency from gold frees its value to decline relative to it. All fiscal discipline is removed, leading to its inevitable and eventual destruction. In the dollar’s case, the decline from 1971 when under the Bretton Woods Agreement it was fixed at $35 to the ounce has been over 99%. And as the chart above shows, the decline is now accelerating.
It is not hard to understand why. Government spending in all G7 nations has spiralled out of control, and the depressive consequences of social democracy and government intervention increasingly suppress economic activity. Government debt is now entrapped in a doom loop of unaffordable borrowing costs leading to yet higher borrowing costs. The finances of the US government, the EU, Britain, and Japan are teetering on the edge of collapse.
Their central banks are all technically insolvent, being deeply in negative equity. Yet they are expected to provide the currency backing for government spending, which is expected to continue rising unabated. They have already fuelled an unsustainable credit bubble, which has inflated asset values and can only result in a collapse of value, just as all credit bubbles have in the past.
Almost certainly, the trigger for the collapse will be the next rise in bond yields. The valuation between bonds and equities is already more stretched than it has ever been, illustrated in the next chart:
It is over twice as extreme today than at the time of the dot-com bubble (both arrowed). It is partly fuelled by excessive margin debt, which has increased to well over a trillion, when the norm is perhaps a fifth of that:
The implosion of this credit bubble, which is increasingly imminent, is bound to take currencies down with it as bad debt risk accelerates, and the US government attempts to stabilise both asset values and the underlying economy. Other G7 nations face similar problems.
In the face of this ever-increasing financial commitment and declining confidence in the currency’s value, the purchasing power of the dollar and other currencies are bound to decline catastrophically. The declines will be reflected in soaring prices. Political priorities point to the certainty of subsidies and price controls as desperate solutions. History and reasoned analysis tell us that these actions will makes things considerably worse, leading to starvation in the cities, further debt escalation, and yet more currency debasement.
This is what a collapse of the fiat currency system will look like. It is a slippery slope which we are just beginning to slide down. The only escape is to get out of credit and into real money without counterparty risk, which as the Romans discovered and legislated is metallic — principally gold.
3. CHRIS POWELL AND GATA GOLD DISPATCHES/OTHER GOLD RELATED TOPICS
Ross Norman: Gold isn’t defying gravity — commodities are political weapons now
Submitted by admin on Mon, 2025-09-29 10:26 Section: Daily Dispatches
By Ross Norman
Metals Daily, London
Monday, September 29, 2025
Is gold defying gravity?
As I see it, you have two options: either to believe the laws of gravity have been suspended, or to accept that gold and other precious metals exist within an entirely new paradigm. Simply claiming that the markets are massively overpriced and will return to “normal” marks you as a dinosaur who has y
et to understand that fundamental changes have occurred. …
Getting to the point, it is crucial to understand exactly what this new reality entails, because when it changes, so will gold. I believe precious metals sit at the crossroads of shifting geopolitical and economic tensions. The unipolar world, where everything revolved around the U.S. dollar and U.S. treasuries, has vanished — alongside globalization. Today we live in a bipolar world where the West has weaponized access to its markets, payment channels, and monetary systems against those that do not align with it. …
… For the remainder of the commentary:
end
Barrick names operations chief as interim CEO after Bristow’s unexpected exit
Submitted by admin on Mon, 2025-09-29 10:13 Section: Daily Dispatches
By Divya Rajagopal
Reuters
Monday, September 29, 2025
Barrick Mining appointed veteran executive Mark Hill as interim president and CEO today following the sudden resignation of Mark Bristow, who led the Canadian miner for nearly seven years after its merger with Randgold Resources.
Bristow, who became CEO in 2019 when Barrick acquired Randgold, oversaw the integration of the two companies and steered the miner through a period of significant portfolio reshaping and debt reduction. …
… For the remainder of the report:
end
Singapore and Hong Kong go for gold in precious-metal trade
Submitted by admin on Mon, 2025-09-29 00:37 Section: Daily Dispatches
By Owen Walker, Leslie Hook, Chan Ho-him, and Cheng Leng
Financial Times, London
Monday, September 29, 2025
In the centre of a maximum-security storage facility sits one of the world’s biggest vaults for precious metals, emblematic both of Asian ambition to become the centre of the global gold trade and the difficulties in achieving that goal.
As gold prices rocket to record levels, the company behind The Reserve in Singapore wants to lease space to private banks and family offices, allowing them to store their ultra-wealthy clients’ gold and silver bullion in a secure facility only minutes from southeast Asia’s busiest airport.
But while The Reserve, which opened last year, is designed to store 10,000 tonnes of silver and 500 tonnes of gold, it currently holds just a fraction of that capacity.
“London took 200 years to build the infrastructure to become the centre of the world gold market,” said Albert Cheng, chief executive of the Singapore Bullion Market Association. “We have lots of work to do, but it won’t take us that long.”
As geopolitical instability pushes gold prices higher, Singapore and Hong Kong, two of the world’s biggest consumer markets per capita, are trying to shake up a business that for decades has centred on bullion being stored, refined, and traded in London, New York and Switzerland. …
… For the remainder of the report:
Jesse Colombo: Here’s where gold and silver stand
Submitted by admin on Sun, 2025-09-28 23:35 Section: Daily Dispatches
By Jesse Colombo
The Bubble Bubble Report
Sunday, September 28, 2025
It has been a while since my last gold and silver update, and that’s mainly because things have been unfolding so smoothly. There hasn’t been much to say beyond the fact that both metals are on a strong upward path, consistently breaking to new highs.
In a situation like this, the best course of action is to let your winners run and allow the bull market to play out.
Since precious metals and their miners are in strong, confirmed uptrends, now is the time to apply what I emphasized in a previous update: align yourself with the trend and tune out the noise. There is still plenty of negativity from the usual peanut gallery, the same voices who failed to see this bull market coming and have remained bearish the entire way up.
So let’s take a look at where precious metals stand, starting with gold in the form of Comex futures. …
… For the remainder of the analysis:
end
Rob Kientz joins Andrew Maguire on LFTV to discuss West’s loss of control of gold
Submitted by admin on Sat, 2025-09-27 15:04 Section: Daily Dispatches
3p ET Saturday, September 27, 2025
Dear Friend of GATA and Gold:
Monetary metals market analyst Rob Kientz is the guest of London metals trader Andrew Maguire on this week’s edition of Kinesis Money’s “Live from the Vault” program, discussing the Perth Mint’s secret leasing of customer gold a few years ago, as well as the end of Western control over the gold market.
Maguire dismisses concerns that gold is “overbought,” noting that the monetary metal’s price was suppressed for decades and arguing that a price breakout is just beginning.
The program is an hour long and can be seen at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
4. ANDREW MAGUIRE/LIVE FROM THE VAULT KINESIS 242/ROBERT KIENTZ
5. COMMODITY REPORT GOLD
These Are The 5 Largest Gold-Producing Countries
Monday, Sep 29, 2025 – 05:45 AM
Global demand for gold has remained strong over the last decade, driven by central bank reserves, investment demand, and jewelry consumption. This infographic tracks the five largest gold-producing countries from 2010 to 2024, highlighting shifts in output and global rankings.
While some nations have ramped up production significantly, as Visual Capitalist’s Niccolo Conte shows in the following chart, others have seen notable declines.
The data for this visualization comes from the World Gold Council.
China Holds the Top Spot
China has been the world’s leading gold producer for over a decade.
In 2024, the country produced 380 tonnes of the yellow metal, up just 8% from 351 tonnes in 2010. Despite the modest growth, its dominance reflects long-term investments in domestic mining and refining infrastructure. China’s state-supported mining industry also helps insulate it from global volatility.
Russia and Canada Gain Ground
Russia has boosted its gold output by 63% since 2010, reaching 330 tonnes in 2024. This growth is driven by increased investment in mining projects and a strategic focus on building national reserves.
Canada saw the most dramatic increase among the top five, with a 98% jump in production. From just 102 tonnes in 2010, it now produces 202 tonnes.
U.S. Gold Production Declines Sharply
The U.S. is the only country in the top five to post a decline. In 2024, it produced 158 tonnes, down from 231 tonnes in 2010—a 32% drop. Environmental regulations, lower ore grades, and the closure of key mines have all contributed to this decline, pushing the U.S. to fifth place globally.
If you enjoyed today’s post, check out How Many Gold Bars It Takes to Buy a Home? on Voronoi, the new app from Visual Capitalist.
end
Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time
Monday, Sep 29, 2025 – 08:40 AM
On the back of a 45% surge in the price of gold this year, the US Treasury’s hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history.
That is more than 90 times what’s stated on the government’s balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of precious metal
Unlike most countries, the US’s gold is held by the government directly, rather than the central bank.
The Fed instead holds gold certificates corresponding to the value of the Treasury’s holdings, and credits the government with dollars in return.
That means, as we detailed previously, that an update of the reserves’ value in line with today’s prices would unleash roughly $990 billion into the Treasury’s coffers, dramatically reducing the need to issue quite so many Treasury bonds this year.
While Treasury Secretary Bessent initially dismissed the suggestion, a trillion dollars here and a trillion dollars there adds up and it would be by no means unprecedented. As Bloomberg reports, Germany, Italy and South Africa all have taken the decision to revalue their reserves in recent decades, as an August note from an economist at the Federal Reserve discussed.
US gold re-marking would have implications for both the Treasury & Fed balance sheets.
- US Treasury: assets would rise by the value of the gold re-marking & liabilities would rise by the size of gold certificates issued to the Fed.
- Federal Reserve: assets would rise by value of gold certificates & liabilities would rise by a crediting of cash in the Treasury cash balance (Exhibit 4). And here is the punchline: the Fed balance sheet impact would look like QE though no open market purchases would be required & Fed liability growth would initially be in TGA.
In other words, the best of all words: a QE-like operation, one which see the Fed quietly funnel almost $700 billion in cash to the Treasury… but without actually doing a thing!
On net, a gold re-marking would increase the size of both Treasury & Fed balance sheets + allow for TGA to be used for Treasury priorities (i.e. SWF, pay down debt, fund deficit, etc). Meanwhile, the Fed and Treasury magically conjure some $990 billion out of thing air to be spent on whatever, all because the Treasury agrees that the fair value of gold is… the fair value of gold.
Needless to say, a gold re-marking would be seen by the market as unorthodox, if not completely unexpected. US gold has not been re-marked for decades likely to guard against (1) volatility of Treasury & Fed balance sheets (2) concerns over fiscal & monetary authority independence.
According to none other than BofA’s heaviest of Fed plumbing hitters, former NY Fed staffer Mark Cabana, a gold re-marking could cause TGA to be paid down in ways that stoke macro activity, risk inflation, & add excess cash into the banking system (higher TGA would eventually move to higher Fed reserves or ON RRP balances). In essence, gold re-marking would ease both fiscal & monetary policy (all else equal).
Indeed, as we said back in February, just like a QE but without the actual QE.
The BofA strategist’s conclusion is that gold re-marking is possible (and certainly likely after Bessent’s earlier comments), but has legal questions, “may not be well received by the market since it would amount to an easing of fiscal & monetary policies + erosion of fiscal / monetary independence” (yup, QE under any other name…). And, not unironically, the revaluation of gold will also send the price of gold (not to mention bitcoin and anything else that may also be subsequently remonetized) soaring.
As such, BofA still places low odds of US asset monetization until Bessent provides more credible detail on how he will “monetize the asset side of the US balance sheet.” We, however, having realized that Trump moves very fast and breaks everything in his path, are confident that the odds of a gold revaluation are surging, and are a big part of why gold is trading just shy of $4000…
For more, including what the rates market impact of a gold re-marking would be across the entire complex, read the full note from February avaliable to pro subscribers in the usual place.
ASIAN MARKETS THIS MONDAY MORNING:
SHANGHAI CLOSED UP 34.43 PTS OR 0.90%
//Hang Seng CLOSED UP 494.68 PTS OR 1.89%
// Nikkei CLOSED : DOWN 311.24PTS OR 0.69% //Australia’s all ordinaries CLOSED UP 0.76%
//Chinese yuan (ONSHORE) CLOSED UP AT 7.1193 OFFSHORE CLOSED UP AT 7.1218/ Oil DOWN TO 64.88 dollars per barrel for WTI and BRENT UP TO 69.31 Stocks in Europe OPENED ALL MIXED
ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN TRADING :/ONSHORE YUAN UP IN TRADING AT 7.1193 AND STRONGER//OFF SHORE YUAN TRADING UP TO 7.1218 AGAINST US DOLLAR/ AND THUS STRONGER
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.1197
OFFSHORE YUAN: DOWN TO 7.1218
HANG SENG CLOSED UP 494.68 PTS OR 1.89%
2. Nikkei closed DOWN 311.24 PTS OR 0.69%
3. Europe stocks SO FAR: ALL MIXED
USA dollar INDEX DOWN TO 97.83 EURO RISES TO 1.1719 UP 23 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1.646//Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 148.53…… 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: 3.118 DOWN 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 DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR BRENT this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.7230 Italian 10 Yr bond yield DOWN to 3.582 SPAIN 10 YR BOND YIELD DOWN TO 3.283
3i Greek 10 year bond yield DOWN TO 3.419
3j Gold at $3819.50 Silver at: 46.96 1 am est) SILVER NEXT RESISTANCE LEVEL AT $50.00//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 51 /100 roubles/dollar; ROUBLE AT 82.86
3m oil (WTI) into the 64 dollar handle for WTI and 69 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 148.57/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.641% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.//JAPAN 30 YR: 3.161 UP 3 BASIS PTS.
30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.7959 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9327 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: 4.146 DOWN 4 BASIS PTS…
USA 30 YR BOND YIELD: 4.718 DOWN 5 BASIS PTS/
USA 2 YR BOND YIELD: 3.625 DOWN 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 41.58 UP 1 BASIS PTS/LIRA GETTING KILLED
10 YR UK BOND YIELD: 4.7180 DOWN 4 PTS BUT STILL ESCALATING RAPIDLY
30 YR UK BOND YIELD: 5.527 DOWN 3 BASIS PTS
10 YR CANADA BOND YIELD: 3.228 DOWN 1 BASIS PTS
5 YR CANADA BOND YIELD: 2.788 UP 2 BASIS PTS.
2a New York OPENING REPORT
2b European opening report
US Opening News: US futures firmer whilst USD pulls back. Tariffs & potential shutdown in focus.
Monday, Sep 29, 2025 – 06:33 AM
- A firmer start to the week for equities, Euro Stoxx 50 +0.3%, ES +0.5%; focus on a packed labour market agenda for the week and the looming US gov’t shutdown.
- President Trump will be meeting with congressional leaders at 20:00BST/15:00ET; ahead of this, Trump has said if the Democrats refuse to make a deal “the country closes”.
- USD pulling back from last week’s data induced gains, JPY leads into a packed week and supported by BoJ’s Noguchi. EUR & GBP also firmer
- Fixed benchmarks in the green, Bunds lead after mostly cooler-than-expected Spanish flash figures, Gilts await Chancellor Reeves
- Crude curtaield by OPEC+ production reports, XAU at another ATH, Copper posting modest gains
- Looking ahead, highlights include ECB’s Cipollone, Muller, Kazaks, Schnabel, Lane, BoE’s Ramsden, Fed’s Waller, Hammack, Musalem, Williams, Bostic. Events include Bank of Israel Announcement, Labour Party Conference (29th Sept – 1st Oct). Earnings from Jefferies, Carnival.
- Click for the Newsquawk Week Ahead.
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TRADE/TARIFFS
- The UK will offer to pay more for drugs in a bid to placate US President Trump and pharmaceutical groups, according to the FT.
- US soybean farmers face a crisis as China halts purchases amid the tariff dispute, according to Reuters.
- The EU is plotting a “devastating tariff hit” against UK steelmakers, with officials in Brussels aiming to halve the UK’s tariff-free quotas and double tariffs to 50% under pressure from steel industries in member states, according to The Times.
- South Korea rejected a US request for USD 350bln in cash under a tariff-reduction deal, a senior official said, according to Reuters.
- China is urging the US to oppose the independence of Taiwan, saying it is incompatible with the One China principle.
EUROPEAN TRADE
EQUITIES
- A firmer start to the week for European bourses, Euro Stoxx 50 +0.3%. Largely on a constructive footing, though the periphery is a touch softer. Incremental macro drivers so far a little light for the bloc.
- Sectors mostly in the green, Basic Resources leads given underlying benchmarks, Tech benefits in a bounce from Fridy’s pressure. Banking names lag amid softness in yields, Energy hit alongside crude on reports around OPEC+.
- Healthcare supported by the White House will honour a 15% cap on pharmaceutical tariffs as part of trade deals with the EU and Japan, according to CNBC; though, a reported 100% level on the UK offsets.
- Stateside, futures firmer across the board, ES +0.5% & NQ +0.6%. Focus very much on the packed data agenda for the week as a whole, potential gov’t shutdown which could impact that data and several Fed speakers.
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FX
- Dollar is pulling back from the data induced upside seen last week. Focus now on this week’s packed agenda of labour market data, Fed speak and angst into a potential gov’t shutdown. DXY has slipped below its 50DMA @ 98.02 and made its way back onto a 97 handle. The next level of support comes via the 25th September trough @ 97.73.
- EUR is taking advantage of the softer USD with incremental macro drivers for the region on the light side over the weekend. Spanish HICP printed in-line with consensus at 3.0% (prev. 2.7%), whilst the M/M metric only picked up to 0.1% from 0.0% (exp. 0.3%). EUR/USD has continued its ascent on a 1.17 handle with a current session peak @ 1.1733. The next upside target comes via the 25th September peak @ 1.1754.
- JPY tops the G10 leaderboard into a pivotal week of domestic events including Tankan and the LDP leadership election. Strength this morning was spurred by BoJ’s Noguchi, noting that upside risks are becoming more important in making policy decisions and the need to adjust policy has heightened. USD/JPY has delved as low as 148.48, taking out the 25th September low @ 148.55. Focus is now on a test of the 200DMA to the downside @ 148.41.
- Sterling firmer, marginally outpacing the EUR against the USD thus far. Awaiting the speech from Chancellor Reeves at the party conference, due around 12:00BST. Cable has risen as high as 1.3450 with the next resistance point coming via the 50DMA @ 1.3467.
- Antipodeans eventually gained after both initially struggling to fully benefit in APAC hours from the softer dollar amid a cautious risk tone at the time. Attention stays on tomorrow’s RBA meeting, where markets price only a slim 8% chance of a 25bps cut. Little reaction to the PBoC’s firmer fix.
- PBoC set USD/CNY mid-point at 7.1089 vs exp. 7.1258 (Prev. 7.1152)
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FIXED INCOME
- Overall, a firmer start to the week. Bunds just off highs in a 128.29 to 128.57 band. Slightly outpacing USTs in terms of gains this far, surpassing last week’s 128.41 peak and looking to 129.02 from September 18th. Relative outperformance that is likely a function of three of the four main Spanish Flash inflation measures printing cooler than forecast.
- USTs bid, though as alluded to above the magnitude of performance is slightly more modest. At the top-end of a 112-08+ to 112-17 band, extending above Friday’s 112-15 best but shy of 112-22 and 113-00 from the two preceding sessions. Hammack (2026) was on CNBC this morning, stuck to her language from last week in outlining a need to maintain restrictive policy, describing the current level as mildly restrictive and that the Fed is a short distance from neutral.
- Gilts also in the green, opened alongside the discussed Spanish data and seemingly caught a tailwind from this. Focus almost entirely on Chancellor Reeves’ upcoming speech, thus far in remarks to Bloomberg she said her commitment to not increasing the tax burden via VAT, Income Tax or NI stand. Remarks that, if held to, limit the Chancellor’s revenue generating sources with the general view being that she will need to raise at least GBP 20bln via taxes during the Autumn Budget. No significant moves to those interviews. Benchmark at a 90.82 peak, taking out Friday’s 90.74 best in the process. Resistance ahead at 91.11, 91.12 and 91.28 from last week.
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COMMODITIES
- Crude clipped by OPEC+ production reports. Further bearishness stemming from the resumption of flows on the Ceyhan pipeline and potentially from Moldova. However, we remain conscious that the actual impact of any OPEC+ increase is likely to be less than the headline suggests, as in August OPEC cautioned that a lack of spare capacity among nations meant the enacted supply increase would be less than the headline figure for September; a narrative that remains in play for October and November.
- WTI and Brent weighed on this morning, down by c. USD 1.00/bbl at most and at respective lows of USD 64.72/bbl and USD 69.27/bbl.
- Continued upward action for precious metals, both spot gold and silver at fresh highs for the day and yet another ATH for XAU at USD 3819.8/oz thus far. Specifics for the space light with the yellow metal firmer despite the constructive risk tone but potentially benefiting from apprehension into the week’s key labour market data from the US and the looming government shutdown, a shutdown that could impact the delivery of Friday’s BLS report. USD pressure is another source of strength.
- Copper was modestly firmer in APAC trade, benefiting from the USD though with gains capped by the cautious risk tone at the time and apprehension into a packed week. Since, 3M LME Copper has continued to tick higher, at a USD 10.29k peak but shy of last week’s USD 10.319k best.
- OPEC+ will likely raise oil production quotas by at least 137k bpd at its October 5th meeting, according to Reuters, citing sources. Subsequently, Kpler’s Bakr, citing sources on OPEC+, reports “there have been no consultations with regards to the group’s November policy yet.”.
- An Iraqi OPEC delegate said the country can boost exports beyond current levels once the Iraq–Turkey pipeline resumes and new projects come online, according to the state news agency.
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NOTABLE DATA RECAP
- Spanish CPI YY Flash NSA (Sep) 2.9% vs. Exp. 3.0% (Prev. 2.7%); Core 2.3% (prev. 2.4%)
- Spanish HICP Flash YY (Sep) 3.0% vs. Exp. 3.0% (prev. 2.7%)
- Spanish HICP Flash MM (Sep) 0.1% vs. Exp. 0.3% (Prev. 0.0%); CPI MM Flash NSA (Sep) -0.4% vs. Exp. -0.2% (Prev. 0.00%)
- EU Consumer Confidence Final (Sep) -14.9 vs. Exp. -14.9 (Prev. -14.9); Selling Price Expectations (Sep) 6.9 (Prev. 6.7, Rev. 6.8); Consumer Inflation Expectations (Sep) 24.0 (Prev. 25.9, Rev. 25.8)
- UK Mortgage Lending (Aug) 4.308B GB vs. Exp. 4.8B GB (Prev. 4.522B GB, Rev. 4.506B GB); Approvals (Aug) 64.68k vs. Exp. 64.5k (Prev. 65.352k, Rev. 65.161k)
NOTABLE EUROPEAN HEADLINES
- UK PM Starmer urged Labour to unite for the “fight of our lives” against Nigel Farage’s Reform UK, as Starmer faces dire poll ratings and questions over his leadership ahead of the party conference, while ministers unveiled plans for three new towns as part of a broader housebuilding push, according to the FT.
- UK Chancellor Reeves risks a confrontation with the head of the government’s fiscal watchdog over plans to scrap her annual spring forecast, according to Bloomberg.
- Separately, UK Chancellor Reeves says she will work to bring inflation down; reiterates commitment to fiscal rules and stability and commitments to not increasing VAT, Income Tax or NI. UK does not need a wealth tax.
- ECB’s Makhlouf said the ECB is “near the bottom” of its easing cycle but will need to remain vigilant as the impact of tariffs on most EU exports is still to feed through. He added that his mind is not set on how to vote at the upcoming meeting at the end of October, according to FT.
- Bank of Italy kept the countercyclical capital buffer for banks in Q4 at zero, according to Reuters.
- Portugal will raise taxes on foreign home buyers amid a surge in property prices, according to Reuters.
- Switzerland voted to abolish a century-old system of taxing property, a move that will lower dues for homeowners and potentially boost real estate prices, according to Reuters.
- The head of Switzerland’s right-wing People’s Party said the government needs to find a compromise with UBS (UBSG SW) to raise the bank’s capital requirements, according to Reuters.
- SNB is lowering the threshold factor for the remuneration of sight deposits from 18 to 16.5, as of November 1st.
NOTABLE US HEADLINES
- Fed’s Hammack (2026 voter) says it is a challenging time for monetary policy. Labour market is broadly in balance. More difficult to see that tariffs will be a one-time impact. Need to maintain restrictive policy, current policy is mildly restrictive. Short distance from neutral. Will not get to 2% inflation target until late 2027 or early 2028.
- US President Trump posted an image of himself “firing” Fed Chair Powell, via Truth Social.
- New York City Mayor Eric Adams dropped his bid for re-election, according to the New York Post.
- US President Trump said he will discuss the looming government shutdown with congressional leaders on Monday and believes Democrats may want to make a deal; he added that if Democrats refuse to make a deal, “the country closes”, according to Reuters. US President Trump will meet with the congressional leaders at 20:00BST/15:00ET, via Punchbowl
- Electronic Arts (EA) is near a roughly USD 50bln deal to go private, according to WSJ.
- Chinese factory workers are facing harsh conditions while racing to produce Apple’s (AAPL) new iPhone 17 lineup, according to China Labour Watch.
- US Vice President JD Vance said he is confident the US has separated TikTok from ByteDance, according to Reuters.
- Occidental Petroleum (OXY) is said to be in talks to sell its OxyChem petrochemical unit in a deal worth at least USD 10bln, according to the FT.
GEOPOLITICS
NATO
- Russian President Putin is to deliver a major speech this week, according to multiple media outlets.
- Belarus’s President said that if NATO threatens to shoot down Russian and Belarusian fighter jets, the response will come immediately, according to Reuters.
- NATO will boost its presence in the Baltic region following drone incidents in Denmark, according to Reuters.
- Denmark announced that unknown drones were spotted over several military facilities on Friday night, including the country’s main air base Karup, which houses Denmark’s F-16s and F-35s, according to Reuters.
RUSSIA-UKRAINE
- Russian missiles and drones struck Ukraine in a “savage” 12-hour attack, according to Reuters.
- Russian sources said the Russian army launched strikes targeting military sites in Kyiv and its surroundings, as well as weapons depots and air defence systems.
- Poland closed its airspace after a “massive” Russian attack on Ukraine’s capital killed at least four people, according to Reuters.
- Ukrainian President Zelensky said he expects new EU sanctions on Russia this week, according to Reuters.
- Russian Foreign Minister Lavrov said no one expects a return to Ukraine’s 2022 borders, calling it politically blind, according to Reuters.
- Ukraine said drones struck an oil pumping station in Russia’s Chuvashia region, according to Reuters.
- The Kremlin said it has received no signals from Kyiv regarding the resumption of Russia-Ukraine talks, via RIA.
ISRAEL-HAMAS
- US President Trump told Axios his 21-point Gaza peace plan is in the final stages, saying it could end the war and open the way for wider Middle East peace. The plan, drafted by Steve Witkoff and Jared Kushner, includes a permanent ceasefire, release of hostages within 48 hours, gradual Israeli withdrawal, release of Palestinian prisoners, a post-war governing mechanism in Gaza without Hamas, Arab and Muslim funding, disarmament of Hamas, amnesty or safe passage for its members, no Israeli annexation of Gaza or the West Bank, an Israeli commitment not to attack Qatar again, and a future path to Palestinian statehood after reforms to the Palestinian Authority, according to Axios.
- Israeli PM Netanyahu discussed President Trump’s 21-point Gaza peace plan, saying priorities are freeing hostages and dismantling Hamas while expressing doubt over Palestinian Authority reform, according to Fox News.
- Israel’s Channel 12 reported that turning the Gaza Strip into an international trade zone is one of the clauses of the Trump plan.
- Israel is ready to consider withdrawing from a number of areas in Syria where IDF forces are deployed, but not from the Hermon Crown, according to Kann News.
- Israel’s Kan TV quoted a source close to PM Netanyahu as saying there are “significant gaps” between him and the White House over the terms of ending the war in the Gaza Strip.
- US President Trump told Reuters in a phone interview that he has gotten a “very good response” from Israel and Arab leaders to the Gaza peace plan proposal, adding that “everybody wants to make the deal” and he hopes to finalize it in a meeting with Netanyahu on Monday; he said the proposal is aimed not just at Gaza but at reaching a broader peace in the Middle East, according to Reuters.
- The US and Israel are reportedly very close to an agreement on President Trump’s plan to end the war in Gaza, though Hamas still needs to agree, according to officials cited by Axios.
IRAN
- A Russian and Chinese push to delay the return of Iran sanctions for six months failed at the UN Security Council, according to Reuters.
- Russia’s Deputy UN Envoy said the reimposition of UN sanctions on Iran could have very adverse consequences and lead to an escalation in the Middle East, according to Reuters.
- Israeli PM Netanyahu told Fox News that 450 kilos of enriched uranium remain, saying Israel knows where it is and shares that information with the US, and that both countries knew before bombing Iranian nuclear sites they would not be able to eliminate it.
- An Iranian Armed Forces spokesman said nuclear energy is a national need and that Iran will not abandon it, according to Reuters.
- Iraqi media reported the discovery of an unidentified spy drone near the border with Iran.
- Iran’s Parliamentary National Security Committee said the country has not yet withdrawn from the Nuclear Non-Proliferation Treaty, according to Reuters.
- The European Troika warned Iran against any “escalatory” actions following the reimposition of sanctions, according to Reuters.
- Iranian President Pezeshkian said the US offered to postpone snapback sanctions by three months if Tehran handed over all its enriched uranium.
OTHERS
- The US is preparing options for military strikes on drug targets inside Venezuela, with potential drone strikes on traffickers and labs being considered, though President Trump has not yet approved any action and talks are ongoing through Middle Eastern intermediaries, according to NBC News.
- US President Trump plans to attend a gathering of top generals and admirals in Virginia this week, an event described as a “pep rally” for senior military brass where Defense Secretary Hegseth will outline his vision of the Pentagon as the “Department of War” and set new standards for military personnel, according to CNN.
- The Israeli army announced it bombed a Hezbollah weapons depot in southern Lebanon, according to Reuters.
- Chinese President Xi is reportedly planning to press US President Trump to formally state that the US opposes Taiwan’s independence, according to WSJ.
- Pro-EU party won Moldova polls with over 50% of vote, according to AFP citing the official results.
- The North Korean and Chinese Foreign Ministers held talks, though details remain limited, according to KCNA.
APAC TRADE
- APAC stocks eventually traded mostly firmer following the positive Wall Street performance on Friday, albeit participants remain cautious ahead of a risk-packed week that culminates with Friday’s US jobs report.
- ASX 200 advanced, led by strength in gold miners and a rebound in healthcare, while traders looked ahead to tomorrow’s RBA decision in which Australia’s Big 4 banks expect no change in rates.
- Nikkei 225 underperformed amid yen strength, with sentiment also weighed by the ex-dividend date for end-of-month payouts and risk trimming ahead of the BoJ Tankan Survey and the LDP leadership vote later in the week.
- Hang Seng and Shanghai Comp initially diverged, with Hong Kong buoyed by tech gains and foreign inflows. The Mainland swung between modest gains and losses heading into its weeklong break amid National Day and the Mid-Autumn Festival, whilst reports also suggested Chinese President Xi is reportedly planning to press US President Trump to formally state that the US opposes Taiwan’s independence, according to WSJ.
- KOSPI was lifted with tech spearheading the gains, whilst reports over the weekend suggested South Korea rejected a US request for USD 350bln in cash under a tariff-reduction deal.
- Nifty 50 traded with cautious gains after Friday’s losses, and with traders looking ahead to the RBI policy announcement later this week.
NOTABLE ASIA-PAC HEADLINES
- China’s top economic planner, the NDRC, held a symposium on Sunday hosted by agency head Zheng Shanjie, inviting private enterprises to submit opinions and suggestions on expanding effective investment during the 15th Five-Year Plan period (2026–30), according to the NDRC’s official WeChat account via Global Times.
- Taiwan is eyeing an expanded tech presence in India amid surging US demand, according to the chief of a trade body, Reuters reported.
- BoJ’s Noguchi says that Japan is moving towards 2% inflation target; need to adjustment to policy has heightened; economy and prices face downside risks. Vital to adjust easing at right timing. Need to conduct policy in flexible manner. Upside risks becoming more important in making policy decision.
- China’s Communist Party will be holding its fourth plenum across October 20th-23rd, via Xinhua. Subsequently, China’s Politburo has studied draft of next five-year plan; continues to enhance development momentum. Puts emphasis on high-quality growth, reform and opening.
- China State Planner Official says China’s new policy-base financial tool amounts to 500bln Yuan.
2c) Asian opening report
European Market Open: US shutdown talks imminent. OPEC likely to increase quotas on 5th Oct.
Monday, Sep 29, 2025 – 01:29 AM
- APAC stocks eventually traded mostly firmer following the positive Wall Street performance on Friday, albeit participants remain cautious ahead of a risk-packed week that culminates with Friday’s US jobs report.
- US President Trump said he will discuss the looming government shutdown with congressional leaders on Monday and believes Democrats may want to make a deal; he added that if Democrats refuse to make a deal, “the country closes”, according to Reuters.
- The Trump administration is reportedly considering tariffs on foreign electronic devices based on the number of chips in each device, according to Reuters sources.OPEC+ will likely raise oil production quotas by at least 137k bpd at its October 5th meeting, according to Reuters, citing sources.
- European equity futures are indicative of a firmer cash open with the Euro Stoxx 50 future +0.3% after cash closed +1.0% on Friday.
- Looking ahead, highlights include Spanish CPI Flash (Sep), EZ Sentiment (Sep). ECB’s Cipollone, Muller, Kazaks, Schnabel, Lane, BoE’s Ramsden, Fed’s Waller, Hammack, Musalem, Williams, Bostic, and UK Chancellor Reeves. Events include Bank of Israel Announcement, Labour Party Conference (29th Sept – 1st Oct). Earnings from Jefferies, Carnival.
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US TRADE
EQUITIES
- US stocks ended the week higher, drawing strength from the August PCE report which showed all key inflation metrics in line with expectations.
- Sectors were broadly firmer; Consumer Discretionary and Utilities led gains, while Consumer Staples lagged after Costco fell on weaker same-store sales.
- SPX +0.59% at 6,644, NDX +0.44% at 24,504, DJIA +0.65% at 46,247, RUT +0.97% at 2,434.
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NOTABLE US HEADLINES
- Fed Governor Miran said models may overstate the impact of immigration on inflation, according to Reuters.
- Fed’s Bowman (voter) said recent data shows a materially more fragile labour market and that inflation excluding tariffs is hovering not far above target. She said it is time for the FOMC to act decisively and proactively to address decreasing labour market dynamism and emerging signs of fragility, noting that recent data, including benchmark payroll revisions, suggest the Fed is at serious risk of already being behind the curve. She warned that if conditions continue, there may be a need to adjust policy at a faster pace and to a larger degree going forward. Bowman added the Fed should shift from overweighting the latest data points to a proactive forward-looking approach, expects inflation to return to the 2% target after the one-time adjustment from tariffs, and said a balance sheet tilted toward shorter-dated securities would offer more flexibility. She said she prefers a gradual approach to rate changes, according to Reuters.
- US President Trump posted an image of himself “firing” Fed Chair Powell, via Truth Social.
- New York City Mayor Eric Adams dropped his bid for re-election, according to the New York Post.
- US President Trump said he will discuss the looming government shutdown with congressional leaders on Monday and believes Democrats may want to make a deal; he added that if Democrats refuse to make a deal, “the country closes”, according to Reuters.
TRADE/TARIFFS
- The Trump administration is reportedly considering tariffs on foreign electronic devices based on the number of chips in each device, according to Reuters sources.
- The White House said the latest pharmaceutical tariffs do not apply to countries with negotiated trade deals, according to Bloomberg.
- Britain would face 100% tariffs on US pharmaceuticals under US President Trump’s latest plan, according to Reuters citing sources.
- The UK will offer to pay more for drugs in a bid to placate US President Trump and pharmaceutical groups, according to the FT.
- The White House will honour a 15% cap on pharmaceutical tariffs as part of trade deals with the EU and Japan, according to CNBC.
- A US official said India trade talks are on a positive track but stressed that India needs to address US market access concerns, the trade deficit, and purchases of Russian oil, according to Reuters.
- US soybean farmers face a crisis as China halts purchases amid the tariff dispute, according to Reuters.
- The EU is plotting a “devastating tariff hit” against UK steelmakers, with officials in Brussels aiming to halve the UK’s tariff-free quotas and double tariffs to 50% under pressure from steel industries in member states, according to The Times.
- South Korea rejected a US request for USD 350bln in cash under a tariff-reduction deal, a senior official said, according to Reuters.
NOTABLE US EQUITY HEADLINES
- Electronic Arts (EA) is near a roughly USD 50bln deal to go private, according to WSJ.
- Chinese factory workers are facing harsh conditions while racing to produce Apple’s (AAPL) new iPhone 17 lineup, according to China Labour Watch.
- US Vice President JD Vance said he is confident the US has separated TikTok from ByteDance, according to Reuters.
- Occidental Petroleum (OXY) is said to be in talks to sell its OxyChem petrochemical unit in a deal worth at least USD 10bln, according to the FT.
APAC TRADE
EQUITIES
- APAC stocks eventually traded mostly firmer following the positive Wall Street performance on Friday, albeit participants remain cautious ahead of a risk-packed week that culminates with Friday’s US jobs report.
- ASX 200 advanced, led by strength in gold miners and a rebound in healthcare, while traders looked ahead to tomorrow’s RBA decision in which Australia’s Big 4 banks expect no change in rates.
- Nikkei 225 underperformed amid yen strength, with sentiment also weighed by the ex-dividend date for end-of-month payouts and risk trimming ahead of the BoJ Tankan Survey and the LDP leadership vote later in the week.
- Hang Seng and Shanghai Comp initially diverged, with Hong Kong buoyed by tech gains and foreign inflows. The Mainland swung between modest gains and losses heading into its weeklong break amid National Day and the Mid-Autumn Festival, whilst reports also suggested Chinese President Xi is reportedly planning to press US President Trump to formally state that the US opposes Taiwan’s independence, according to WSJ.
- KOSPI was lifted with tech spearheading the gains, whilst reports over the weekend suggested South Korea rejected a US request for USD 350bln in cash under a tariff-reduction deal.
- Nifty 50 traded with cautious gains after Friday’s losses, and with traders looking ahead to the RBI policy announcement later this week.
- US equity futures were firmer (ES +0.3%, NQ +0.4%), edging higher after a flat reopen as participants braced for ISM data, labour market figures, and the looming US government funding deadline.
- European equity futures are indicative of a firmer cash open with the Euro Stoxx 50 future +0.5% after cash closed +1.0% on Friday.
FX
- DXY started flat but drifted lower despite the absence of fresh headlines, as markets remained cautious over the looming US government shutdown and awaited key releases including ISM PMIs and Friday’s jobs report. The index slipped beneath its 50DMA (98.02) and the 98.00 mark, trading in a 97.929–98.146 band, with the September 25th low at 97.737 the next key downside level.
- EUR/USD ticked higher in moves dictated by broader dollar weakness amid a quiet EU-specific backdrop. The pair traded between 1.1703–1.1729, with attention on the 21DMA at 1.1734 and last Thursday’s high at 1.1753 as resistance levels.
- GBP/USD was also firmer, moving in tandem with the dollar and finding a firmer footing above 1.3400, with focus turning to the 50DMA at 1.3464 on the topside, while UK-specific catalysts were light overnight.
- USD/JPY slipped, with the yen firmer as Japanese participants positioned for a pivotal week featuring the BoJ Tankan Survey (Wednesday), US Non-Farm Payrolls (Friday), and the LDP leadership election (Saturday). The pair tested and eventually breached 149.00 to the downside from a 149.51 high, a move coinciding with DXY’s break below 98.00. Key support lies at last Thursday’s trough of 148.54 and the 200DMA at 148.43.
- Antipodeans evenutally gained after both initially struggled to fully benefit from the softer dollar amid a cautious risk tone at the time. Attention stays on tomorrow’s RBA meeting, where markets price only a slim 8% chance of a 25bps cut with consensus for no change. Antipodeans showed little reaction to the firmer CNY fixing by the PBoC.
- Yuan firmed after the PBoC set its daily fix surprisingly stronger, against expectations for a weaker setting, ahead of China’s week-long holiday starting mid-week.
- PBoC set USD/CNY mid-point at 7.1089 vs exp. 7.1258 (Prev. 7.1152)
FIXED INCOME
- 10yr UST futures edged higher after Friday’s choppy trade that saw the contract finish slightly lower. Gains were modest as sentiment in APAC remained mixed for most of the session following a weekend of geopolitical updates, with traders mindful of the looming US government shutdown and this week’s key risk events, including ISM PMIs and the jobs report.
- Bund futures held a mild upward bias, steadying above the 128.00 handle. Price action comes after Friday’s reports that the EU will face a 15% pharma tariff rather than 100%, while focus today is on a heavy ECB speaker slate including Cipollone, Muller, Kazaks, Schnabel, and Lane.
- 10yr JGB futures opened firmer with modest gains across the curve, supported by pre-auction positioning. Desks note expectations for a larger concession into this week’s 10yr auction, with secondary yields only a few basis points above the prior sale, while supply in the tenor is set to carry more of the load into Q4 as super-long issuance is trimmed.
- BoJ offered to buy JPY 325bln in 3-5yr JGBs, JPY 350bln in 5-10yr, JPY 75bln in >25yr, and JPY 50bln in I/L JGBs; all unchanged from the prior.
COMMODITIES
- Crude futures traded softer after weekend reports suggested OPEC+ will likely raise oil output quotas by at least 137k bpd at its October 5th meeting. Sentiment was further pressured by comments from Iraq’s Oil Minister that flows via Türkiye’s Ceyhan pipeline are set to resume at roughly 180–190k bpd. Geopolitical headlines were mixed, with the US and Israel reportedly very close to an agreement on US President Trump’s plan to end the war in Gaza, whilst Russian missile and drone strikes on Ukraine and Ukrainian drones targeting a Russian oil pumping station in Chuvashia provided little upside support.
- Spot gold advanced to a fresh all-time high above USD 3,800/oz as the softer dollar and a raft of geopolitical tensions, coupled with the risk of a US government shutdown, underpinned demand ahead of US ISM PMIs and Friday’s jobs report.
- Copper futures held a modestly firmer bias on dollar weakness, though gains were capped by the mixed risk tone for most of the session and caution into this week’s US data and event risk.
- Baker Hughes Rig Count: Oil +6 at 424, Natgas -1 at 117, Total +7 at 549.
- OPEC+ will likely raise oil production quotas by at least 137k bpd at its October 5th meeting, according to Reuters, citing sources.
- An Iraqi OPEC delegate said the country can boost exports beyond current levels once the Iraq–Turkey pipeline resumes and new projects come online, according to the state news agency.
CRYPTO
- Bitcoin was steady overnight with a mild downward bias as it traded on both sides of USD 112,000.
NOTABLE ASIA-PAC HEADLINES
- China’s top economic planner, the NDRC, held a symposium on Sunday hosted by agency head Zheng Shanjie, inviting private enterprises to submit opinions and suggestions on expanding effective investment during the 15th Five-Year Plan period (2026–30), according to the NDRC’s official WeChat account via Global Times.
- Taiwan is eyeing an expanded tech presence in India amid surging US demand, according to the chief of a trade body, Reuters reported.
GEOPOLITICS
NATO
- The EU will draw up plans to build and help finance interlinked drone defences across the continent’s borders and critical infrastructure, according to the FT.
- Russian President Putin is to deliver a major speech this week, according to multiple media outlets.
- Belarus’s President said that if NATO threatens to shoot down Russian and Belarusian fighter jets, the response will come immediately, according to Reuters.
- NATO will boost its presence in the Baltic region following drone incidents in Denmark, according to Reuters.
- Denmark announced that unknown drones were spotted over several military facilities on Friday night, including the country’s main air base Karup, which houses Denmark’s F-16s and F-35s, according to Reuters.
RUSSIA-UKRAINE
- Russian missiles and drones struck Ukraine in a “savage” 12-hour attack, according to Reuters.
- Russian sources said the Russian army launched strikes targeting military sites in Kyiv and its surroundings, as well as weapons depots and air defence systems.
- Poland closed its airspace after a “massive” Russian attack on Ukraine’s capital killed at least four people, according to Reuters.
- US President Trump told Ukrainian President Zelensky he was open to providing new long-range weapons and to lifting restrictions on Ukraine’s use of American-made long-range weapons to strike inside Russia, though he did not commit to doing so during their Tuesday meeting, according to WSJ citing a senior US official and a Ukrainian official.
- Ukrainian President Zelensky said he expects new EU sanctions on Russia this week, according to Reuters.
- Russian Foreign Minister Lavrov said no one expects a return to Ukraine’s 2022 borders, calling it politically blind, according to Reuters.
- Ukraine said drones struck an oil pumping station in Russia’s Chuvashia region, according to Reuters.
- The Kremlin said it has received no signals from Kyiv regarding the resumption of Russia-Ukraine talks, via RIA.
ISRAEL-HAMAS
- US President Trump told Axios his 21-point Gaza peace plan is in the final stages, saying it could end the war and open the way for wider Middle East peace. The plan, drafted by Steve Witkoff and Jared Kushner, includes a permanent ceasefire, release of hostages within 48 hours, gradual Israeli withdrawal, release of Palestinian prisoners, a post-war governing mechanism in Gaza without Hamas, Arab and Muslim funding, disarmament of Hamas, amnesty or safe passage for its members, no Israeli annexation of Gaza or the West Bank, an Israeli commitment not to attack Qatar again, and a future path to Palestinian statehood after reforms to the Palestinian Authority, according to Axios.
- Israeli PM Netanyahu discussed President Trump’s 21-point Gaza peace plan, saying priorities are freeing hostages and dismantling Hamas while expressing doubt over Palestinian Authority reform, according to Fox News.
- Israel’s Channel 12 reported that turning the Gaza Strip into an international trade zone is one of the clauses of the Trump plan.
- Israel is ready to consider withdrawing from a number of areas in Syria where IDF forces are deployed, but not from the Hermon Crown, according to Kann News.
- Israel’s Kan TV quoted a source close to PM Netanyahu as saying there are “significant gaps” between him and the White House over the terms of ending the war in the Gaza Strip.
- US President Trump told Reuters in a phone interview that he has gotten a “very good response” from Israel and Arab leaders to the Gaza peace plan proposal, adding that “everybody wants to make the deal” and he hopes to finalize it in a meeting with Netanyahu on Monday; he said the proposal is aimed not just at Gaza but at reaching a broader peace in the Middle East, according to Reuters.
- The US and Israel are reportedly very close to an agreement on President Trump’s plan to end the war in Gaza, though Hamas still needs to agree, according to officials cited by Axios.
IRAN
- The UK’s UN envoy on Friday said UN sanctions will be reimposed on Iran this weekend, according to Reuters.
- A Russian and Chinese push to delay the return of Iran sanctions for six months failed at the UN Security Council, according to Reuters.
- Russia’s Deputy UN Envoy said the reimposition of UN sanctions on Iran could have very adverse consequences and lead to an escalation in the Middle East, according to Reuters.
- Israeli PM Netanyahu told Fox News that 450 kilos of enriched uranium remain, saying Israel knows where it is and shares that information with the US, and that both countries knew before bombing Iranian nuclear sites they would not be able to eliminate it.
- An Iranian Armed Forces spokesman said nuclear energy is a national need and that Iran will not abandon it, according to Reuters.
- Iraqi media reported the discovery of an unidentified spy drone near the border with Iran.
- Iran’s Parliamentary National Security Committee said the country has not yet withdrawn from the Nuclear Non-Proliferation Treaty, according to Reuters.
- The European Troika warned Iran against any “escalatory” actions following the reimposition of sanctions, according to Reuters.
- Iranian President Pezeshkian said the US offered to postpone snapback sanctions by three months if Tehran handed over all its enriched uranium.
OTHERS
- The US is preparing options for military strikes on drug targets inside Venezuela, with potential drone strikes on traffickers and labs being considered, though President Trump has not yet approved any action and talks are ongoing through Middle Eastern intermediaries, according to NBC News.
- US President Trump plans to attend a gathering of top generals and admirals in Virginia this week, an event described as a “pep rally” for senior military brass where Defense Secretary Hegseth will outline his vision of the Pentagon as the “Department of War” and set new standards for military personnel, according to CNN.
- The Israeli army announced it bombed a Hezbollah weapons depot in southern Lebanon, according to Reuters.
- Chinese President Xi is reportedly planning to press US President Trump to formally state that the US opposes Taiwan’s independence, according to WSJ.
- Pro-EU party won Moldova polls with over 50% of vote, according to AFP citing the official results.
- The North Korean and Chinese Foreign Ministers held talks, though details remain limited, according to KCNA.
EU/UK
NOTABLE HEADLINES
- UK PM Starmer urged Labour to unite for the “fight of our lives” against Nigel Farage’s Reform UK, as Starmer faces dire poll ratings and questions over his leadership ahead of the party conference, while ministers unveiled plans for three new towns as part of a broader housebuilding push, according to the FT.
- UK Chancellor of the Exchequer Rachel Reeves risks a confrontation with the head of the government’s fiscal watchdog over plans to scrap her annual spring forecast, according to Bloomberg.
- ECB’s Makhlouf said the ECB is “near the bottom” of its easing cycle but will need to remain vigilant as the impact of tariffs on most EU exports is still to feed through. He added that his mind is not set on how to vote at the upcoming meeting at the end of October, according to FT.
- German Chancellor Merz said commitments for corporate investment in Germany will total EUR 900mln over the next three years, according to Reuters.
- Bank of Italy kept the countercyclical capital buffer for banks in Q4 at zero, according to Reuters.
- Portugal will raise taxes on foreign home buyers amid a surge in property prices, according to Reuters.
- Switzerland voted to abolish a century-old system of taxing property, a move that will lower dues for homeowners and potentially boost real estate prices, according to Reuters.
- The head of Switzerland’s right-wing People’s Party said the government needs to find a compromise with UBS (UBSG SW) to raise the bank’s capital requirements, according to Reuters.
GLOBAL
- Türkiye’s Disaster and Emergency Management Authority said a 5.4 magnitude earthquake struck Kütahya province in western Turkey, according to Reuters.
3A NORTH KOREA/SOUTH KOREA
SOUTH KOREA//NORTH KOREA/
3B JAPAN
3C CHINA
4. European affairs and NATO
UK
This is Orwellian!! Citizens must block this!!
UK Goes Orwellian With Mandatory Digital ID And Biometric Tracking
Sunday, Sep 28, 2025 – 07:35 AM
Chinese communist-style digital tracking is coming to the UK with a new “right to work” scheme in the form of a universal ID called the “Brit Card”. British Prime Minister Keir Starmer, facing unprecedented backlash from native born citizens for his open border policies and two-tier justice system protecting migrants from prosecution, is attempting to exploit public anger to gain support for an Orwellian surveillance rollout.
The government says the mandatory ID, based on the UK One Login system, will help to stop “illegal” immigrants from crossing the channel by denying them access to work. The UK One system was introduced in 2023 and is built on biometric tracking; similar programs have been attempted for two decades in the UK but they have been consistently thwarted by public pressure.
The problem with the immigration claim is that it is a clearly baseless con.
Take note that Starmer distinguishes “illegal migrants” as the targets of the ID, but most immigrants coming to the UK are allowed in legally, aided by numerous subsidized programs and asylum policies. Starmer’s choice of words is very deliberate and highly disingenuous.
The growing protests in Britain complain about illegal and legal migration; the government has simply made most migrants legal with limited vetting. At no point has Starmer said he will end asylum policies or take real precautions to stop physical entry. In other words, the flow of migrants will continue and a digital ID would do nothing to stop the majority of them. The ID also would not solve the problem of the millions of third world migrants already allowed into the country.
To put this in perspective, nearly 1 million migrants entered the UK in 2024 alone (net migration is around 500,000 per year on average) – Only 40,000 of those migrants came by boat or were designated as “illegal”. The Brit Card is a fake out, a lie to placate the nationalist movement in the UK while simultaneously introducing more government power.
EU nations like France already have similar ID programs, but these rules have made no positive impact on immigration controls.
Just as the purpose of the Brexit vote (to stop mass migrations from Europe) was ignored, the status of migrants will be ignored under a digital ID. In fact, there is nothing to stop the British government from simply handing out Brit Cards to any migrants they wish, much like they have been handing drivers licenses to migrants.
Starmer also argues that the ID will prevent migrants from getting work on the “black market”, which makes little sense given that the black market is designed specifically to bypass government restrictions. If it can be controlled, it’s not a black market.
The leftist/globalist governments of the UK are scrambling to prevent a full blown rebellion in the face of rising populist anger. A digital “right to work” ID can just as easily be used as a weapon against native citizens; say the wrong thing or go to a protest and you might have your Brit Card revoked, making it nearly impossible to make a living.
The ID will primarily exist as an app downloaded to personal cell phones (much like the QR app used by the Chinese CCP to track citizens during the pandemic). Combined with the multi-layer tracking abilities of cell phones, a digital ID presents a dangerous tool for tyranny.
For now, the ID is only supposed to be used for employment and for social services, but the biometric tracking has endless possibilities for control. It could eventually be required for surfing the internet, buying food at the grocery store, using mass transportation, etc. With biometric data in hand, governments can track every movement a person makes, every purchase, every social media post, every personal interaction.
Most people will also recognize the hypocrisy of Starmer introducing digital tracking, punishing the citizenry for a problem he and other leftist officials (some posing as conservatives) created. These political elites have no intention of stopping mass immigration; the digital ID is only useful in controlling native Brits who fight back.
END
EUROPE
European Neo-Feudalism: How Exit Taxes Chain Citizens To A Failing System
Friday, Sep 26, 2025 – 11:15 PM
Submitted by Thomas Kolbe
More and more people are turning their backs on the European Union. With them, the states are also losing economic substance. Exit taxes are being used in an attempt to counter this.
The states of the European Union are experiencing a veritable exodus. About 1.4 million EU citizens left their home countries in 2023, among them 265,000 Germans. Among the favored destinations are, alongside Switzerland and the United States, booming regions such as Qatar or Dubai.
Good Reasons
The list of destination countries carries political dynamite, because it says much about the background of this flight movement. A growing number of high performers are trying to escape what is in many places almost predatory levels of taxation. In addition, academics, researchers, freelancers such as the so-called “digital nomads,” and entrepreneurs simply find better economic prospects elsewhere than in economically sedated Europe.
EU citizens are not infrequently being drained by a tax burden of 45 percent. We know this from Germany: it is not even necessary to count among the absolute top earners in order to have to surrender nearly half of one’s income to the tax authorities. Basically, it is a scandal—one about which there is no longer any open discussion.
In Dubai, for example, there is no income tax at all. In the United States, the state burdens its citizens with around 27 percent. Anyone who can calculate, who is well educated and mobile, draws the consequences. Alongside the tax burden, social crises increasingly come into play: uncontrolled migration, the decay of major cities, and the visibly hostile climate of ever-expanding bureaucracies. For many ambitious people, life in the EU’s Europe is simply too expensive, and the essence of bureaucracy too overbearing.
Expensive Emigration
Every emigrant leaves behind an economic gap in his homeland. When a German with a high income leaves the country, the state does not only lose a taxpayer—it loses his capital and know-how. Over the lifetime of an academic, around €1.5 million in taxes and social contributions escape the treasury. In addition, there is the enormous loss of capital. Estimates assume that the median wealth of Germans per person is €106,000. With the emigration of 265,000 Germans and the return of 191,000 persons—where for simplicity we assume the same level of wealth—about €7.8 billion in capital flows abroad.
The economist Bernd Raffelhüschen calculates the annual fiscal loss through emigration by discounting the difference between future tax and social contribution payments and state transfers of an average academic to its present value. He arrives at a loss of about €30,000 for each emigrated academic.
The flight of high performers works like economic erosion in real time. Highly qualified people leave the country. People who, with higher probability, would have moved venture capital and founded companies are tearing open a fiscal gap. About 56 percent of income tax revenue is provided by the top ten percent of taxpayers—the political class would be well advised to roll out the red carpet for these people instead of harnessing them to the cart of their ambitious social projects.
Feudalism as the Answer
The answer of EU Europe to the flight of the economically ambitious and wealthy is neo-feudal in character. Through punitive taxes, the costs of fleeing the tax collector and the increasingly invasive state are to be raised so high that the impulse to emigrate is suffocated. Somewhat exaggeratedly formulated, this policy recalls the old feudal European conditions which once led to the mass migration of Europeans to North America.
Alongside France, Spain, Italy, and the Netherlands, the Federal Republic of Germany has also deployed an exit tax.
Anyone who, as an entrepreneur, holds at least 1 percent of a corporation (this includes stock capital) and turns his back on Germany triggers exit taxation—even if no sales proceeds have been realized. In this case, the state assumes a fictitious sale of the shares and taxes the theoretical capital gain. What is decisive is the difference between the original purchase price and the current market value. Sixty percent of this gain is added to taxable income and taxed at up to 45 percent, depending on the income tax rate. In addition comes the solidarity surcharge and a possible church tax levy.
This regulation applies if the person concerned was subject to unlimited taxation in Germany for at least seven of the past twelve years—and it applies equally in the case of emigration to third countries or relocation within the EU. Since 2022, moves within the EU are no longer automatically privileged for tax purposes: whoever wants to leave must pay—unless he applies for a deferral over seven years and provides collateral. The frequently mentioned €150,000 threshold is not a tax-free allowance, but only a guideline for assessment.
In sum, this amounts to state access to future gains, binding entrepreneurs to their homeland and making departure more difficult through a fiscal hurdle.
Europe Will Rely on Capital Barriers
Up to now, exit taxation refers to corporate holdings and does not cover private individuals who want to emigrate with their capital. However, in view of the fiscal emergency of numerous EU states, we must assume that this will change in the medium term, and that other groups of persons will also be included in the scope of exit taxation.
That the states of the EU will in all probability rely on mobility barriers rather than reforming their expensive state apparatus shows the entire problem. People are literally voting with their feet against bureaucratism and the sprawling hyper-state.
The response is further barriers to capital, such as the planned digital euro. It would amount to an almost insurmountable capital barrier. And it would at the same time send the signal to worldwide capital to give the eurozone a wide berth.
END
GERMANY/RUSSIA
this will not end well!
Despite Warnings, Germany’s Merz Says Billions In Russian Assets Can Be Tapped To Force Putin To Accept Peace
Monday, Sep 29, 2025 – 05:00 AM
German Chancellor Friedrich Merz is now positive that the European Union has the proper legal basis to “unblock” up to €140 billion in Russian assets and use them to finance Ukraine’s military operations.
Beyond the legal questions surrounding the confiscation of Russian assets, not to mention the precarious precedent it would set, Paris, Brussels, and Berlin have so far argued that profits from frozen assets are already being allocated to aid Ukraine. Of key concern is also the risk of discouraging foreign investment in the EU, in particular, scaring away the Chinese.
However, Merz is now suggesting that Russian assets could continue to be frozen — and used as a loan to Ukraine — until Moscow pays Ukraine reparations for war damages. According to Merz, this would address the lack of a legal basis for such action, avoid infringing on Russian property rights, all by using the money to provide Ukraine with an interest-free loan.
The loan to Ukraine would be guaranteed by EU member states and then backed by the EU’s long-term budget from 2028.
“We need a new impetus to change Russia’s calculations,” Merz wrote in an article for the FT, cited by Do Rzezcy.
“The time has come to apply effective leverage that will break the Russian president’s cynical game of gaining time and force him to negotiate.”
The politician noted that the loan would have to be repaid once Russia committed to paying reparations for damages inflicted on Ukraine during the war. Payments would be transferred to Kyiv in tranches, and decisions regarding arms purchases would have to be made jointly by Ukraine and EU member states.
Merz hopes to pursue this option at the European Council meeting on October 23-24.
Some $300 billion worth of Russian assets is currently frozen across the EU, with a whopping €210 billion held in cash and bonds by the Belgian clearing house Euroclear.
Belgian Prime Minister Bart de Wever has recently pushed back against tapping these funds, saying, it’s not as simple as politicians saying, “When money owned by another country’s central bank is used by another country, it will have consequences.”
Deputy PM Radoslaw Sikorski is one of the parties also putting pressure on Belgium to release these funds and rallying member states to help insure it against potential Russian suits, telling journalists, “Poland is ready to participate in such insurance for Belgium, but not everyone is ready for it yet.”
END
POLAND
ROBERT H
More on Poland today
As I wrote yesterday, Poland has called on its citizens to leave Belarus immediately “by any means necessary” citing the risk of “unforeseen circumstances.” However, what does this mean for Polish people in Poland?
NATO HAS CLOSED the borders to Kaliningrad. That is Russian territory separated from Russia by a strip of land. This goes back to WWII.
The land bridge to Kaliningrad is from Belarus. Why did Poland tell of its’ all citizens to leave Belarus immediately? When your Ambassador tells you to leave a country immediately, there is a good reason. Because it is likely that something is in the air whereby your presence is a risk.
Perhaps try to take Kaliningrad, and that means fighting against defending troops coming from Belarus. It is well known that NATO has plans to do this and has in fact practiced in exercises to do this. There is some mistaken belief that an attack from the sea and land will take Kaliningrad before they get off their missiles and overwhelm them. If this takes place then yes all Polish citizens in Belarus will likely be detained in some form. Flights across Europe can be also become difficult.
Maybe they see the recent comments by Trump as a blessing to go for it. Who knows what fantasy reigns in the minds of Neocon people? The hypocrisy is that not withstanding sanctions and like Europe still buys gas and oil from Russia. It just pays more. This is why the Mercantile economy of Germany has been shattered. It cannot cope with increased energy costs.
As written many times before the EU is desperate for war with Russia to avoid a default on debt. Have NO illusions about this. And Zelensky as the ever eager PROXY will use whatever weapons he can get to launch at Russia at the sacrifice of Ukrainians while lining his pockets with money. It is why Ukraine is considered the most corrupt nation. And that in of itself says it all.
Whatever false flag event occurs, we should be certain that nothing is certain after the first shots are fired.
Have a plan B because if this goes off, as there is no telling where or how it ends. Just be sure that Russia will not whimper away and ask for mercy. If Kaliningrad is attacked a formal state of war will exist. And one should expect a devastating response from RUSSIA. Every NATO base in Europe is likely to be hit.
One does wonder, should this occur what happens to the 130 trains that were stuck with goods destined for Western Europe from China that in the last several days were moving again into Poland when the border was reopened. Will it be closed again? And it makes you wonder about all those American Generals and Admirals who will no longer be in Europe this week as they are in Washington?
WRITTEN YESTERDAY:
Today the Polish Ambassador in Minsk, Belarus warned all Polish Nationals in Belarus to leave immediately and the Polish border has been opened for this purpose.
Meanwhile, it should be no real secret that Oreshnik is being deployed on Belarusian soil this weekend. One supposes that given that its payload is deliverable in several minutes to Poland, this is seen as a threat. Russia and Belarus announced this some time ago that this would be the case. Just like the deployment nukes on Belarusian soil has already occurred. These nukes are in the form of bombs and Iskander M missiles. Iskanders come quickly but not as fast as Oreshnik and with far less destructive power. In any case, in th matter of Poland this should be irrelevant because Russia has Belarus’s back and would defend Belarus from Russian soil. The variation in missile strike time is very small from the nearest deployment already on Russian soil. With variances of a minute or two the matter is irrelevant as you cannot escape.
Neither Belarus nor Russia are interested in invading Poland. That you can be sure of. This is defensive posture. Just like other Oreshnik deployment that has occurred on Russian soil already. It is all part of layered approach to strike, if attacked. By such deployments of Oreshnik the actual time to strike target has been lessened by several minutes. All of Europe previously could be struck in less than 9 minutes. Now this window of time is shorter. A prudent party might carefully consider whether there is time to drink a cup of coffee if these missiles are launched. THERE IS NO DEFENSE TO THESE MISSILES. NONE! And anyone saying that there is, is a liar and a fool.
Any expanded conflict by NATO with Russia either in Ukraine or elsewhere will be over before a cup of coffee is enjoyed. Oreshnik has been in serial production at a rate of 10-12 per month. And while actual deployment is longer, there is reason to think there are enough deployed to have them in Belarus. And yes, there will be more than one deployed. Do remember that each missile carries 6 warheads. These warheads do not have to land in the same place. And the explosive force is equivalent to a nuke without a glowing effect of radiation. However, whatever is in the strike zone it will be gone.
Meanwhile in Moldova there is an election this weekend where violence should be expected between various factions. And to make matters worse mandatory enlistment notices have started to arrive causing many people to believe that Moldova is a pawn for war. And naturally not to be outdone Ukraine is prepared to send troops there as an obedient proxy that it is. If the election outcome is not liked.
Madness of war fever seems to be what is in store with little regard for what the outcome will be.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS
TBN ISRAEL/LAST 24 HRS:
ISRAEL VS HAMAS
in a nutshell, Hamas will never give up rule and they want all of Israel. Israel-Palestinian dialogue? never will happen
Revealed: US 21-point plan for ending Gaza war, creating pathway to Palestinian state
Witkoff proposal envisions all hostages released in first 48 hours, grants amnesty for peace-committing Hamas members, encourages Gazans to remain, sees US establish Israeli-Palestinian dialogue
By Jacob Magid FollowToday, 8:38 am
US Secretary of State Marco Rubio attends a meeting with the Foreign Ministers of the Gulf Cooperation Council nations as part of the 80th session of the United Nations General Assembly at the Lotte Palace Hotel, Wednesday, Sept. 24, 2025, in New York. (AP Photo/Stefan Jeremiah, Pool)
NEW YORK — The US proposal for ending the war in Gaza encourages Palestinians to remain in the Strip and provides for the creation of a pathway to a future Palestinian state, according to a copy of the plan obtained by The Times of Israel.
The 21-point document shared by the US with a handful of Arab and Muslim countries earlier this week on the United Nations General Assembly sidelines also contains clauses that have been staples in various proposals crafted by different stakeholders in recent months — from the release of all hostages to Hamas’s removal from power.
But the decision to explicitly encourage Palestinians to remain in Gaza caps off a major evolution for Washington on the issue, given that US President Donald Trump in February shocked much of the world with talk of the US taking over Gaza and permanently relocating its entire population of roughly two million people.
Those remarks gave significant tailwind to the idea among Prime Minister Benjamin Netanyahu’s far-right coalition partners and even among more moderate Israeli political figures who have since worked actively to “encourage the voluntary migration” of Gazans, albeit with no success to date.
Moreover, the proposal’s envisioning of a potential pathway to a future Palestinian state, after Gaza’s redevelopment has advanced and the Palestinian Authority’s reform has been completed, also appears to be a major departure from the Trump administration’s policy to date, given that it has avoided expressing backing for a two-state solution.
The plan obtained by The Times of Israel — and authenticated by two sources familiar with the matter — even sees the US establishing a dialogue with Israel and the Palestinians to agree on a “political horizon” for “peaceful coexistence.”
Smoke rises following an Israeli military strike in Gaza City, as seen from the central Gaza Strip, Sept. 26, 2025. (AP Photo/Abdel Kareem Hana)
While those terms are major selling points for the Palestinians, the proposal, crafted largely by US special envoy Steve Witkoff — and poised to be fine-tuned in the coming days — also includes clauses that Israel has long demanded.
Those include a commitment for Hamas to disarm, the demilitarization of Gaza and the establishment of a process to de-radicalize the population.
The exact sequencing for these steps isn’t specified, but it appears that they are intended to come into effect in parallel with the ending of the war.
Those requirements will likely make the proposal a difficult sell to Hamas, and the plan’s creation of a potential pathway to a future Palestinian state could well be a red line for Netanyahu, who has long campaigned on having prevented a two-state solution. The Israeli premier told the UN General Assembly on Friday: “Giving the Palestinians a state one mile from Jerusalem after October 7th is like giving Al-Qaeda a state one mile from New York City after September 11th. This is sheer madness. It’s insane, and we won’t do it… Israel will not allow you to shove a terror state down our throats.”
But Trump was optimistic on Friday about his chances for success, telling reporters earlier in the day that a deal may already be in place, before posting on Truth Social that “intense negotiations have been going on for four days and will continue for as long as necessary to get a successfully completed agreement.”
“All of the countries within the region are involved, Hamas is very much aware of these discussions, and Israel has been informed at all levels, including Bibi Netanyahu,” he added, referring to the premier by his nickname.
However, a source familiar with the matter told The Times of Israel that the proposal has not yet been presented in full to Hamas.
The US plan is rather light on details, and subsequent negotiations will likely be necessary, even if the sides agree to the plan.
US President Donald Trump walks to the Oval Office of the White House upon return from attending the Ryder Cup golfing tournament in Washington on September 26, 2025. (Allison Robbert/AFP)
What are the 21 points?
The following are the contents of the plan, which have been paraphrased at the request of the sources who provided it.
1. Gaza will be a de-radicalized, terror-free zone that does not pose a threat to its neighbors.
2. Gaza will be redeveloped for the benefit of its people.
3. If Israel and Hamas agree to the proposal, the war will immediately end, with the IDF halting all operations and gradually withdrawing from the Strip.
4. Within 48 hours of Israel publicly accepting the deal, all living and deceased hostages will be returned.
5. Once the hostages are returned, Israel will free several hundred Palestinian security prisoners serving life sentences and over 1,000 Gazans arrested since the start of the war, along with the bodies of several hundred Palestinians.
Protesters demonstrate against Prime Minister Benjamin Netanyahu and call for the release of hostages held in Gaza, at Ben Gurion Airport near Tel Aviv, ahead of Netanyahu’s departure to the UN General Assembly in New York, September 24, 2025. (Avshalom Sassoni/Flash90)
6. Once the hostages are returned, Hamas members who commit to peaceful coexistence will be granted amnesty, while members who wish to leave the Strip will be granted safe passage to receiving countries.
7. Once this agreement is reached, aid will surge into the Strip at rates no lower than the benchmarks set in the January 2025 hostage deal, which included 600 trucks of aid per day, along with the rehabilitation of critical infrastructure and the entry of equipment for removing rubble.
8. Aid will be distributed — without interference from either side — by the United Nations and the Red Crescent, along with other international organizations not associated with either Israel or Hamas.
The text of this clause appears intentionally vague and seemingly leaves an opening for the continued operation of the Gaza Humanitarian Foundation, as it technically is an American organization, even if it was the brainchild of Israelis linked to the government and was crafted to fit the Israeli government’s prosecution of the war.
9. Gaza will be governed by a temporary, transitional government of Palestinian technocrats who will be responsible for providing day-to-day services for the people of the Strip. The committee will be supervised by a new international body established by the US in consultation with Arab and European partners. It will establish a framework for funding the redevelopment of Gaza until the Palestinian Authority has completed its reform program.
Members of the Palestinian delegation watch as PA President Mahmoud Abbas addresses the United Nations General Assembly by video during the 80th session of the annual event on September 25, 2025, in New York City. (Spencer Platt/Getty Images/AFP)
This is the US plan’s first mention of the Ramallah-based PA. Israel has ruled out the authority as a potential ruler of Gaza, thereby nixing what has become the key to recruiting Arab assistance in the post-war management of the Strip, given that the international community views unifying the West Bank and Gaza under a single, reformed governing body as essential for long-term stability and peace.
The apparent decision to reserve the PA’s role for an unspecified later date will likely be a difficult pill for Ramallah to swallow, but it also has limited leverage to bear in these discussions.
Point nine appears to borrow heavily from former UK prime minister Tony Blair’s plan for ending the war, which was first revealed by The Times of Israel earlier this month.
Blair and former White House senior adviser Jared Kushner have been working on the Gaza file for months, while advising Witkoff.
10. An economic plan will be created to rebuild Gaza through the convening of experts with experience in constructing modern Middle East cities and through the consideration of existing plans aimed at attracting investments and creating jobs.
11. An economic zone will be established, with reduced tariffs and access rates to be negotiated by participating countries.
Displaced Palestinians move with their belongings southwards on a road in the Nuseirat refugee camp area in the central Gaza Strip on September 18, 2025. (Eyad BABA / AFP)
12. No one will be forced to leave Gaza, but those who choose to leave will be allowed to return. Moreover, Gazans will be encouraged to remain in the Strip and offered an opportunity to build a better future there.
13. Hamas will have no role in Gaza’s governance whatsoever. There will be a commitment to destroy and stop building any offensive military infrastructure, including tunnels. Gaza’s new leaders will commit to peaceful coexistence with their neighbors.
14. A security guarantee will be provided by regional partners to ensure that Hamas and other Gaza factions comply with their obligations and that Gaza ceases to pose a threat to Israel or its own people.
15. The US will work with Arab and other international partners to develop a temporary international stabilization force that will immediately deploy in Gaza to oversee security in the Strip. The force will develop and train a Palestinian police force, which will serve as a long-term internal security body.
16. Israel will not occupy or annex Gaza, and the IDF will gradually hand over territory it currently occupies, as the replacement security forces establish control and stability in the Strip.
17. If Hamas delays or rejects this proposal, the above points will proceed in terror-free areas, which the IDF will gradually hand over to the international stabilization force.
This is the first mention of the possibility that the deal could be at least partially implemented, even if Hamas doesn’t agree.
Smoke rises from an explosion caused by an Israeli strike on Hamas leaders, in Doha, Qatar, on September 9, 2025. (UGC via AP)
18. Israel agrees not to carry out future strikes in Qatar. The US and the international community acknowledge Doha’s important mediating role in the Gaza conflict.
19. A process will be established to de-radicalize the population. This will include an interfaith dialogue aimed at changing mindsets and narratives in Israel and Gaza.
20. When Gaza’s redevelopment has been advanced and the PA reform program has been implemented, the conditions may be in place for a credible pathway to Palestinian statehood, which is recognized as the aspiration of the Palestinian people.
The clause doesn’t provide details regarding the Palestinian reform program and is not definitive regarding when the pathway to statehood can be established.
21. The US will establish a dialogue between Israel and the Palestinians to agree on a political horizon for peaceful coexistence.
END
ISRAEL VS HAMAS
US Plan Would Tap Tony Blair As Postwar Gaza Leader
Saturday, Sep 27, 2025 – 07:35 AM
In one of the most absurd and comical headlines of the year, The Wall Street Journal on Friday says it knows who will be tapped to oversee Gaza once the Israel-Hamas war is over: former British Prime Minister Tony Blair.
That’s according to a controversial White House plan now being proposed to Arab and Israeli leaders. The 72-year old is being presented as a peace-maker, despite his record of being George W. Bush’s biggest allied supporter in the disastrous, blood-soaked invasion of Iraq and overthrow of Saddam Hussein.
“As Britain’s prime minister, Tony Blair helped negotiate a landmark peace agreement to end three decades of conflict in Northern Ireland,” WSJ writes, apparently without intending irony. “Now, President Trump might want him for an even more difficult job: Helping Gaza get back on its feet once the conflict ends.”
The plan calls for a Gaza International Transition Authority (GITA) – which sounds a bit like the Bush-era’s Coalition Provisional Coalition (CPA) which oversaw nation-building in Iraq. And so it seems Blair will be the Paul Bremer for the Gaza Strip, according to the plan.
The idea is that this would be a UN-overseen initiative. “The United Nations-backed body would control the enclave for at least several years, staffed in part by Palestinian technocrats and supported by an Arab-led international peacekeeping force, until it could hand over full control to the Palestinians, officials say,” WSJ continues.
However, US admin officials have said Blair is but one of several officials under consideration for heading up the GITA mission. The plan would have to gain the cooperation and backing of Israeli Prime Minister Benjamin Netanyahu, and presumably whatever Palestinian officials remain in the war-ravaged Gaza Strip.
While the whole thing sounds dubious, the WSJ presents an optimistic outlook:
“But the plan’s broad outline has been received well so far by several Arab countries and some Palestinian leaders, and its backing by Trump means it likely has the best chance of success of any plan so far, analysts say,” the publication writes.
This is yet another example of how Washington and London NeoCons and warmongers keeping ‘failing up’ in the world in terms of responsibility, oversight, and power.
But the US might think to ask average Palestinian people themselves what they think of Tony Blair and his legacy in the Middle East. It’s likely not good.
END
ISRAEL HAMAS/USA 21 POINT PLAN:
Arab states said seeking PA linkage in US plan, scotching Hamas disarmament
By Nurit Yohanan Follow
and Jacob Magid Follow
Today, 2:49 pm
Several Arab states have suggested changes to a US proposal for ending the war in Gaza, including giving the Palestinian Authority an ancillary role immediately following the cessation in fighting, Qatari channel al-Arabi reports, citing unnamed sources.
According to the report, which does not name the states, other changes include a demand for a full Israeli withdrawal from the Gaza Strip — something the plan as currently reported only lays out in vague terms — as well as Hamas ceasing armed activity, but not getting rid of its weapons, as the plan currently calls for. They also reportedly proposed Palestinian management of the enclave by technocrats under the sponsorship of an international council, though that appears to already be included in the plan.
Arab and Muslim countries briefed last week on the 21-point US plan for ending the Gaza war have over the past several days been submitting recommended edits for Washington to consider before the proposal is finalized today, an Arab diplomat tells The Times of Israel.
The plan, obtained by The Times of Israel, includes a role for the PA in the postwar management of Gaza only at some time in the future when needed reforms are implemented, rather than immediately after the war.
According to the report, the suggested changes will be presented to Prime Minister Benjamin Netanyahu in his meeting with US President Donald Trump tomorrow.
ISRAEL HAMAS
IDF controls over half of Gaza City as 800,000 residents flee the area – Southern Command
In recent days, the IDF has expanded the scope of strikes across Gaza City, targeting more than 140 sites each night.
Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip September 27, 2025.(photo credit: REUTERS/Mahmoud Issa)ByAMIR BOHBOTSEPTEMBER 27, 2025 15:16
As more than 800,000 of one million residents of the city have evacuated, the IDF has gained operational control of more than half of Gaza City as of Saturday, according to sources in the IDF Southern Command.
Sources in the Southern Command told Walla that the IDF’s territorial gains resulted from coordinated maneuvers at multiple points by various divisions as part of Operation Gideon’s Chariots II.
In recent days, the IDF has expanded the scope of strikes across Gaza City, targeting more than 140 sites each night. The sources further stated that the IDF now controls several neighborhoods within the city.
Gaza City neighborhoods under IDF control
The IDF now controls several neighborhoods across Gaza City. In the southwest, in Tel al-Hawa, the IDF has operated in this neighborhood from the air and ground multiple times during the war. Despite military efforts, Hamas has rebuilt its terror infrastructure there.
Nearby, Al-Nadi, an area composed of low-rise buildings, also served as a hideout for terrorists over the years.
Also in Sheikh Ajleen, a neighborhood near the coast in the southwest of the city, the IDF has conducted massive air and ground strikes in recent months against terror pockets.
In the southeast of Gaza City, Zeitoun was a central combat zone at the start of the war and during Operation Gideon’s Chariots I.
In eastern Gaza City, Shuja’iya, one of the city’s most violent terror hubs, was the launch point for multiple waves of terrorists responsible for the October 7 massacre, and has been the site of intense fighting.
Lastly, in northeastern Gaza City, Tuffah has been a focus of long-term operations aimed at locating and destroying terror infrastructure.
Gaza City neighborhoods not yet under IDF control
Among the Gaza City neighborhoods not yet under IDF control is Al-Rimal. It has been home to Gaza’s elite and senior Hamas figures. The area is considered the city’s “heart,” hosting decades of banking infrastructure, Palestinian government institutions, universities, and media sites.
Additionally, the Old City, a historic center in the heart of Gaza City, is reportedly used as a hideout for terrorists. The IDF also has yet to gain control of the Al-Shati refugee camp and the Sabra neighborhood.
In some areas that cannot be detailed, the IDF is imposing a siege, understanding that armed fighters are present. Additionally, the fact that the vast majority of Palestinians have fled Gaza City will make it easier for the IDF to take the city through airstrikes and ground maneuvers.
END
ZERO HEDGE
IDF Controls Over Half Of Gaza City Less Than 2 Weeks Into Offensive
Sunday, Sep 28, 2025 – 11:05 AM
It was only in the middle of September that the Israeli military launched its major ground offensive against Gaza City, which is the Gaza Strip’s most populous place.
Now, two weeks into the operation, and Israeli media is reporting that the IDF has already taken over more than half of the city. Among the Strip’s total prewar population of 2.2 million, about one-third lived in Gaza City or its environs. Nearly all have fled the main parts of the city amid the full Israeli assault.
Jerusalem Post is reporting that “The Israel Defense Forces (IDF) control more than half of Gaza City, and 800,000 residents have left the area.” This also comes amid intensifying airstrikes over the last days.
The publication indicated that 120 sites were targeted in airstrikes over a single 24-hour period between Friday and Saturday, with the IDF saying it “continues to act against terrorist organizations throughout the Strip” and “is expanding operations in the Gaza City area.”
Israeli army “struck several observation posts used by Hamas militants, as well as militant assembly points and underground terrorist facilities” – the statement said.
Significant neighborhoods now under effective IDF control have been listed as Tel al-Hawa in the southwest, nearby Al-Nadi, as well as Sheikh Ajleen which has seen heavy action, and Zeitoun, in the southeast.
There is still a big coming fight expected in an area not yet under IDF control, as JPost describes:
Among the Gaza City neighborhoods not yet under IDF control is Al-Rimal. It has been home to Gaza’s elite and senior Hamas figures. The area is considered the city’s “heart,” hosting decades of banking infrastructure, Palestinian government institutions, universities, and media sites.
Al Jazeera is reporting that at least 91 Palestinians have been killed across the Strip on Saturday amid relentless shelling and airstrikes. Some 45 of these deaths were in Gaza City.
Various world leaders continuing ramping up the pressure on Israel in the context of the ongoing UN General Assembly in New York.
For example, Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al Saud ripped Israeli policy, in another clear sign that Riyadh is no closer to signing on to the Abraham Accords.
He decried to the UN the “brutal and unchecked practices of the occupying forces, including starvation, forced displacement and systematic killing” of Palestinian civilians.
“This is done in complete disregard of the historic and legal rights of the Palestinian people, with an aim to erase their legitimate rights,” Al Saud added.
END
Over 800,000 Palestinians flee Gaza City as Hamas grip weakens
Hamas’s efforts to prevent civilians from evacuating northern Gaza are failing, as thousands continue to head south daily amid Israeli military maneuvers.
Palestinians move from the Shujaiya neighborhood after the Israeli army ordered its evacuation due to Hamas rocket fire, in Gaza. April 3, 2025.(photo credit: Ali Hassan/Flash90)ByAMIR BOHBOTSEPTEMBER 29, 2025 10:22Updated: SEPTEMBER 29, 2025 10:31
More than 800,000 Palestinians have left Gaza City, as the IDF prepares to expand operations in the area, a security source said on Sunday.
According to Southern Command estimates, between 30,000 and 50,000 people have departed the city daily over the past week, and this number is expected to increase.
Defense officials said between 250,000 and 350,000 Palestinians are still inside Gaza City.
Officials praised the Southern Command’s evacuation plan, which anticipates the number of evacuees could soon reach one million. Unless there is a last-minute change, the next phases of the maneuver into the city center have already been approved.
Hamas’s attempts to keep civilians in northern Gaza and Gaza City have failed, despite the group using both persuasion and physical deterrence, including roadblocks and violence.
“The public is moving to the south of the Strip,” a security source said.
Hamas, the source added, is spreading what it calls “false narratives” about the humanitarian situation in the south.
“Hamas is trying to generate all kinds of false narratives about the collapse of the health system, starvation, and sanitation. Just today, a humanitarian assessment was completed. An average of 350 trucks enter daily. There is enough food, enough tents – more than 20,000 tents have been brought in by international organizations so far. The health system in the south of the Strip is functioning; it is not collapsing as they are trying to portray,” the source said.
While few Palestinians have openly opposed Hamas, the source noted that some civilians continue to support the group, while others blame Israel, which they see as primarily responsible for the situation.
“Hamas continues to use fear tactics, executions, beatings in the streets, and maintains an atmosphere of terror and fear among the public,” the source said.
The group has reportedly upgraded its network of informants across the Gaza Strip, making it more difficult for civilians to report criticism or suspicious activity to internal security forces.
The Abu-Amra clan remains aligned with Hamas
In recent weeks, Hamas has clashed with several powerful clans in southern Gaza. According to the source, the group killed two of three clan leaders involved in aid distribution. Only the Abu-Amra clan is still aligned with Hamas in the area.
Despite mounting pressure, Hamas continues to operate a limited civil framework. It pays salaries to thousands of officials and maintains basic services in areas it controls, including sewage repair, road clearing, and rescue operations.
However, the source said that when the IDF operates at full strength in Gaza City, Hamas forces tend to withdraw and shift to guerrilla tactics
PEACE PLAN:
Smotrich lays out red lines for support of Trump’s Gaza plan: No PA or Qatari involvement, Palestinians be allowed to leave
Minister Finance Bezalel Smotrich attends a committee meeting at the Knesset in Jerusalem on August 14, 2025. (Yonatan Sindel/Flash90)
Finance Minister Bezalel Smotrich announces that he informed Prime Minister Benjamin Netanyahu of his party’s “red lines” ahead of the premier’s upcoming meeting with US President Donald Trump, at which the two are expected to discuss the president’s 21-point plan to end the Gaza war.
The far-right minister gives six conditions under which his party will support the deal that aims to end the war, set up a postwar governing mechanism, and bring back the 48 hostages held by the terror group, 20 of whom are believed to be alive.
In a statement, Smotrich says that his Religious Zionism party’s red lines “include ending the war only with the full and genuine dismantling and demilitarization of Hamas and the Gaza Strip.”
Israeli forces must remain on the perimeter of the Strip, including on the Philadelphi Corridor along the Gaza-Egyptian border, and have complete freedom of action throughout the coastal territory, Smotrich says.
Smotrich demands that there be no role at all for the Palestinian Authority in ruling the Strip, not even obliquely, saying that such a role would be tantamount to acknowledging a Palestinian state.
Furthermore, he demands that the agreement contain “not even a hint” of a mention of a Palestinian state. “The idea of a Palestinian state needs to be completely removed from the table.”
Smotrich also demand that there be no role at all for Qatar in the postwar running of Gaza, calling the Gulf state “two-faced hypocrites that sponsor terror.”
Finally, Smotrich demands that the border to Egypt be opened to allow Palestinians who want to leave Gaza to go to any land that will accept them.
“Gaza will no longer be a prison where people are held by force illegally and immorally just to harm the State of Israel,” he says.
Smotrich also addresses the issue of Israel annexing the West Bank, one of the key issues of his party.
Referring to the West Bank by its biblical names, Smotrich writes that he expects Netanyahu to “establish politically and practically the fact that Judea and Samaria are an inseparable part of the sovereign state of Israel, and to put on the table an alternative plan for managing the lives of the Arabs of Judea and Samaria themselves.”
Trump’s 21-point plan outlines a potential pathway to a future Palestinian state, something Netanyahu firmly and repeatedly rejected, stating at the UN on Friday that such a move would be “sheer madness.” He has also consistently rejected the Palestinian Authority having any role in governing postwar Gaza, while Trump sees a possibility of a reformed PA helping run the Strip.
The two leaders’ governments don’t see eye-to-eye on the idea of Israel annexing parts of the West Bank, either. Trump told reporters at the White House on Thursday, “I will not allow Israel to annex the West Bank. I will not allow it. It’s not going to happen.”
END
PEACE PLAN/MONDAY MORNING
WILL NOT HAPPEN;
Arab nations, PA said demanding changes to Trump Gaza plan, want peacekeepers on border, not inside Strip
Today, 10:40 am
Palestinians who fled Gaza City gather under shades in the Nuseirat refugee camp in the central Gaza Strip on September 28, 2025. (Photo by Eyad BABA / AFP)
Several Arab nations and the Palestinian Authority have requested changes to Trump’s Gaza peace plan that he is set to present to Prime Minister Benjamin Netanyahu today, Channel 12 reports.
The report says they are asking to soften the language saying that Hamas will be disarmed, and instead say Hamas will be asked to hand over its weapons.
They are also asking that the immediate postwar government be more clearly aligned with the PA.
The are also suggesting that any international peacekeeping force be deployed along the border with Israel and not inside Gaza. That request apparently came at the behest of Hamas, the report says.
The report also says that both the PA and Qatar have objected to former UK prime minister Tony Blair having any role in overseeing the implementation of the deal.
END
Netanyahu apologizes to Qatari PM over strike but in reality he does not mean it.
In phone call from White House, Netanyahu apologizes to Qatari PM over Doha strike
By ToI Staff and Jacob Magid
Left to right: Prime Minister Benjamin Netanyahu attends a Holocaust Remembrance Day ceremony at the Knesset in Jerusalem on April 24, 2025. (Arie Leib Abrams/Flash90); US President Donald Trump in the Oval Office of the White House in Washington, DC, on April 24, 2025. (Saul Loeb/AFP); Qatari Prime Minister Mohammed bin Abdulrahman Al Thani at the State Department in Washington, April 22, 2025. (Oliver Contreras/AFP)
Prime Minister Benjamin Netanyahu just apologized to the Prime Minister of Qatar, Mohammed bin Abdulrahman bin Jassim Al Thani, for the Israeli strike in Qatar on September 9.
Channel 12 says Netanyahu spoke by phone for several minutes with Al Thani from the White House, where he is being hosted by US President Donald Trump. Trump was also on the call.
A foreign diplomat familiar with the matter confirms to The Times of Israel that Netanyahu apologized to Al Thani for Israel’s strike in Doha that killed a Qatari security guard along with several lower-level Hamas members.
The TV report says Netanyahu apologized for violating Qatari sovereignty in the strike. It says it is possible that Israel may pay compensation to the family of the guard.
The report says the apology is central to the current effort to finalize a deal to end the war in Gaza and secure the release of all hostages, since Qatar had been refusing to mediate negotiations with Hamas since the Israeli strike, which targeted but failed to kill several key Hamas leaders in Doha.
Channel 12, unsourced, also says that Qatar has indicated to the Americans that it can convince Hamas to agree to the demilitarization of Gaza.
UAE pushing Netanyahu to take Trump’s Gaza deal proposal, source says
By Reuters
UAE Foreign Minister Sheikh Abdullah bin Zayed, left, shakes hands with Prime Minister Benjamin Netanyahu as they meet on the sidelines of the UN General Assembly in New York, September 26, 2025. (UAE Ministry of Foreign Affairs via X)
ABU DHABI, United Arab Emirates — The UAE is pressing Prime Minister Benjamin Netanyahu to accept US President Donald Trump’s Gaza peace proposal at their meeting today and to abandon any plan to annex the West Bank, a delegate with knowledge of the matter tells Reuters.
The United Arab Emirates, the most prominent Arab country to normalize ties with Israel under the Abraham Accords, warned Netanyahu that annexation would shut the door to further Israeli normalization with leading Arab and Muslim nations, including Saudi Arabia and Indonesia, the delegate adds.
Netanyahu faces pressure to annex the West Bank from far-right politicians who want to extend sovereignty over the area and snuff out hopes for a Palestinian state.
A senior Israeli official has said that Netanyahu will give Israel’s response to Trump’s Gaza peace proposal at his meeting with the US leader today. Netanyahu was greeted by Trump outside the White House doors with a handshake.
The UAE position on Trump’s Gaza peace plan was communicated to Netanyahu by its foreign minister, Sheikh Abdullah bin Zayed, in a meeting with the Israeli leader on the sidelines of the UN General Assembly in New York on Friday, the delegate says.
The contents of Sheikh Abdullah’s remarks to Netanyahu at the meeting have not previously been reported.
In Jerusalem, there is no immediate response from Netanyahu’s office to a request for comment
MONDAY AFTERNOON: THE PROPOSAL AGREED TO BY ISRAEL AND USA
I doubt that Hamas will agree to this; they want total destruction of Israel!
Watch Live: Trump, Bibi Present Comprehensive Plan For Gaza Peace
Monday, Sep 29, 2025 – 02:27 PM
WATCH LIVE
Access the full Trump 20-point plan for peace just issued by the White House below…
THE PLAN
President Donald J. Trump’s Comprehensive Plan to End the Gaza Conflict: 1. Gaza will be a deradicalized terror-free zone that does not pose a threat to its neighbors.
2. Gaza will be redeveloped for the benefit of the people of Gaza, who have suffered more than enough. 3. If both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed upon line to prepare for a hostage release. During this time, all military operations, including aerial and artillery bombardment, will be suspended, and battle lines will remain frozen until conditions are met for the complete staged withdrawal.
4. Within 72 hours of Israel publicly accepting this agreement, all hostages, alive and deceased, will be returned.
5. Once all hostages are released, Israel will release 250 life sentence prisoners plus 1700 Gazans who were detained after October 7th 2023, including all women and children detained in that context. For every Israeli hostage whose remains are released, Israel will release the remains of 15 deceased Gazans.
6. Once all hostages are returned, Hamas members who commit to peaceful co-existence and to decommission their weapons will be given amnesty. Members of Hamas who wish to leave Gaza will be provided safe passage to receiving countries.
7. Upon acceptance of this agreement, full aid will be immediately sent into the Gaza Strip. At a minimum, aid quantities will be consistent with what was included in the January 19, 2025, agreement regarding humanitarian aid, including rehabilitation of infrastructure (water, electricity, sewage), rehabilitation of hospitals and bakeries, and entry of necessary equipment to remove rubble and open roads.
8. Entry of distribution and aid in the Gaza Strip will proceed without interference from the two parties through the United Nations and its agencies, and the Red Crescent, in addition to other international institutions not associated in any manner with either party. Opening the Rafah crossing in both directions will be subject to the same mechanism implemented under the January 19, 2025 agreement.
9. Gaza will be governed under the temporary transitional governance of a technocratic, apolitical Palestinian committee, responsible for delivering the day-to-day running of public services and municipalities for the people in Gaza. This committee will be made up of qualified Palestinians and international experts, with oversight and supervision by a new international transitional body, the “Board of Peace,” which will be headed and chaired by President Donald J. Trump, with other members and heads of State to be announced, including Former Prime Minister Tony Blair. This body will set the framework and handle the funding for the redevelopment of Gaza until such time as the Palestinian Authority has completed its reform program, as outlined in various proposals, including President Trump’s peace plan in 2020 and the Saudi-French proposal, and can securely and effectively take back control of Gaza. This body will call on best international standards to create modern and efficient governance that serves the people of Gaza and is conducive to attracting investment.
10. A Trump economic development plan to rebuild and energize Gaza will be created by convening a panel of experts who have helped birth some of the thriving modern miracle cities in the Middle East. Many thoughtful investment proposals and exciting development ideas have been crafted by well-meaning international groups, and will be considered to synthesize the security and governance frameworks to attract and facilitate these investments that will create jobs, opportunity, and hope for future Gaza.
11. A special economic zone will be established with preferred tariff and access rates to be negotiated with participating countries.
12. No one will be forced to leave Gaza, and those who wish to leave will be free to do so and free to return. We will encourage people to stay and offer them the opportunity to build a better Gaza.
13. Hamas and other factions agree to not have any role in the governance of Gaza, directly, indirectly, or in any form. All military, terror, and offensive infrastructure, including tunnels and weapon production facilities, will be destroyed and not rebuilt. There will be a process of demilitarization of Gaza under the supervision of independent monitors, which will include placing weapons permanently beyond use through an agreed process of decommissioning, and supported by an internationally funded buy back and reintegration program all verified by the independent monitors. New Gaza will be fully committed to building a prosperous economy and to peaceful coexistence with their neighbors.
14. A guarantee will be provided by regional partners to ensure that Hamas, and the factions, comply with their obligations and that New Gaza poses no threat to its neighbors or its people.
15. The United States will work with Arab and international partners to develop a temporary International Stabilization Force (ISF) to immediately deploy in Gaza. The ISF will train and provide support to vetted Palestinian police forces in Gaza, and will consult with Jordan and Egypt who have extensive experience in this field. This force will be the long-term internal security solution. The ISF will work with Israel and Egypt to help secure border areas, along with newly trained Palestinian police forces. It is critical to prevent munitions from entering Gaza and to facilitate the rapid and secure flow of goods to rebuild and revitalize Gaza. A deconfliction mechanism will be agreed upon by the parties.
16. Israel will not occupy or annex Gaza. As the ISF establishes control and stability, the Israel Defense Forces (IDF) will withdraw based on standards, milestones, and timeframes linked to demilitarization that will be agreed upon between the IDF, ISF, the guarantors, and the Unites States, with the objective of a secure Gaza that no longer poses a threat to Israel, Egypt, or its citizens. Practically, the IDF will progressively hand over the Gaza territory it occupies to the ISF according to an agreement they will make with the transitional authority until they are withdrawn completely from Gaza, save for a security perimeter presence that will remain until Gaza is properly secure from any resurgent terror threat.
17. In the event Hamas delays or rejects this proposal, the above, including the scaled-up aid operation, will proceed in the terror-free areas handed over from the IDF to the ISF.
18. An interfaith dialogue process will be established based on the values of tolerance and peaceful co-existence to try and change mindsets and narratives of Palestinians and Israelis by emphasizing the benefits that can be derived from peace.
19. While Gaza re-development advances and when the PA reform program is faithfully carried out, the conditions may finally be in place for a credible pathway to Palestinian self-determination and statehood, which we recognize as the aspiration of the Palestinian people.
20. The United States will establish a dialogue between Israel and the Palestinians to agree on a political horizon for peaceful and prosperous co-existence.
·
312.2K Views
President Trump is once again hosting Israeli Prime Minister Benjamin Netanyahu at the White House on Monday, in order to mull the US president’s Gaza peace proposal amid mounting support among Western nations for Palestinian statehood. It remains that of course neither Washington nor Israel is on board with such recognition, but Trump has wanted to see a swift resolution as the war approaches its two-year mark next week.
This will be Netanyahu’s fourth White House visit since Trump returned to office in January. Despite the red carpet constantly being rolled out for him in Washington, he faces growing international isolation, especially in Europe.
During his last Friday speech before the UN General Assembly in New York, he lashed out at the leaders of France, Great Britain, Australia, Canada, and other countries for “unconditionally” recognizing a Palestinian state. At the same time he thanked America for its firm pro-Israel stance.
But Trump is optimistic that a deal with Hamas to secure the release of all hostages can be salvaged. He told Reuters on Sunday that he hopes to gain Netanyahu’s support for a peace framework that would end the conflict in Gaza. “We’re getting a very good response because Bibi wants to make the deal too,” Trump said in a phone interview. “Everybody wants to make the deal.”
Regional powers have reportedly been involved, including including Saudi Arabia, Qatar, the UAE, Jordan, and Egypt – in planning and backing the agreement, which is crucial for its chances of success.
“It’s called peace in the Middle East – more than Gaza. Gaza is part of it, but it’s peace in the Middle East,” Trump said. Per the published schedule for Monday:
The meeting is scheduled to begin at 11 a.m. local time (6 p.m. in Israel), when Trump will greet Netanyahu, according to the itinerary. The two men will then hold a meeting and sit for a meal together, followed by the press conference, scheduled for 1:15 p.m.
White House press secretary Karoline Leavitt has previewed to reporters that “both sides have to give up a little bit and might leave the table a little bit unhappy.” But it seems this conversation is only being had with one side, given no signs of direct Hamas involvement in these discussions.
The reality is that this month’s Israeli attack on Hamas officials in Doha was likely the straw that broke the camel’s back in terms of ending the possibility of negotiations. Hamas says its negotiating team was lured to Qatar precisely with the promise of a new deal on the horizon, only to be attacked in a brazen Israeli operation, leaving five dead, as as well as a Qatari security guard.
So despite Trump’s optimism for the future, chances aren’t great, also at a time the IDF is pursuing the total takeover of Gaza City.
Hamas has meanwhile made clear that it won’t negotiate its own demise, while also wanting a full Israeli military withdrawal before all remaining hostages are released, but Netanyahu is still pledging to not end IDF operations until the complete eradication of Hamas is realized.
Trump reportedly wants to see an immediate halt to all military operations, but will Israel comply? Will Hamas comply? Both seem remain locked in a zero sum fight at this point, so it seems increasingly unlikely.
Earlier, we previewed the president’s 21-point plan for ending the Gaza war, which was first revealed over the weekend in Israeli media sources.
END
EARLY MONDAY MORNING/GAZA
IDF says Air Force, Navy and ground forces all in action as troops push deeper into Gaza City
Troops from the Givati Brigade operate in Gaza City in this photo released on September 29, 2025 (Israel Defense Forces)
The Israeli Air Force struck some 140 targets in the Gaza Strip in the past day, including buildings used by terror groups, operatives, and other infrastructure, the military says.
The Israeli Navy also operated in Gaza, shelling a weapons depot and other buildings Hamas operatives were using, in the Strip’s north, the IDF says.
The strikes come as ground troops from three IDF divisions continue to push into Gaza City.
The IDF says the 36th Division destroyed several buildings used by Hamas to observe forces, and directed a drone strike that killed a cell of gunmen planting bombs; troops of the 98th Division killed a Hamas operative who had launched mortars at the forces; and soldiers of the 162nd Division killed several operatives and neutralized booby traps.
Elsewhere, in northern Gaza, the 99th Division hit several more buildings used by Hamas for surveillance; and in the Strip’s south, soldiers of the Gaza Division killed several operatives near the forces in the southern Khan Younis area, the IDF adds.Share
IRAN
Iran slams ‘illegal’ reimposition of UN nuclear sanctions, urges countries not to comply
Foreign ministry promises ‘a firm and appropriate response,’ lawmaker says Tehran could pull out of nuclear proliferation treaty; European powers warn Iran against escalation
By AgenciesToday, 11:13 amUpdated at 2:03 pm
People walk in front of a billboard depicting slain Lebanese Hezbollah leaders Hassan Nasrallah (C) and his successor Hashem Safieddine (R) as well as the late Iranian General Qasem Soleimani, in Tehran, Iran, on September 28, 2025. (ATTA KENARE / AFP)
Iran condemned the reinstatement of United Nations sanctions over its nuclear program as “unjustifiable” on Sunday, after the collapse of talks with Western powers and Israeli and US strikes on its nuclear sites, and said it would weigh its response.
The measures, which bar dealings linked to the Islamic Republic’s nuclear and ballistic missile activities, took effect overnight after Western powers triggered the so-called “snapback” mechanism under the 2015 nuclear accord.
“The reactivation of annulled resolutions is legally baseless and unjustifiable… all countries must refrain from recognizing this illegal situation,” the Iranian foreign ministry said in a statement.
“The Islamic Republic of Iran will firmly defend its national rights and interests, and any action aimed at undermining the rights and interests of its people will face a firm and appropriate response,” it added.
Israel, meanwhile, hailed the sanctions as a “major development in response to Iran’s ongoing violations, especially on its military nuclear program.”
“The goal is clear: prevent a nuclear-armed Iran. The world must use every tool to achieve this goal,” wrote Israel’s Foreign Ministry on X.
Weighing how to respond to the reimposed sanctions, one Iranian lawmaker suggested parliament would consider potentially withdrawing from the Nuclear Nonproliferation Treaty.
Speaking to the Young Journalists Club, which is affiliated with Iranian state television, lawmaker Ismail Kowsari said parliament would discuss the move and then make a decision.
(L/R) Iranian Ambassador to the UN Amir-Saeid Iravani speaks with UK Ambassador to the UN Barbara Woodward during a United Nations Security Council meeting on Iran at UN headquarters on September 19, 2025, in New York. (ANGELA WEISS / AFP)
Parliament speaker Mohammad Bagher Qalibaf issued his own warning to those who would honor the UN sanctions as parliament began meeting Sunday.
“We announce that if any country wants to take action against Iran based on these illegal resolutions, it will face serious reciprocal action from Iran, and the three European countries that are the initiators of this illegal action will also face our reaction,” Qalibaf said without elaborating, according to a report by the state-run IRNA news agency.
Iranian Foreign Minister Abbas Araghchi, speaking to Iranian state TV before the sanctions were imposed, sought to downplay the effect UN sanctions would have on the country, however.
“It will have some damages, some losses for us,” Araghchi said Saturday night. “However, they have presented it in their own media as something far greater and much bigger than it actually is, and they have tried to create a monster to frighten the Iranian people and then force our government and our foreign policy to give concessions and pay tribute in this regard.”
Iranian Foreign Minister Abbas Araghchi looks on during a meeting with Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi, and Egyptian Foreign Minister Badr Abdelatty, at Tahrir Palace in Cairo, September 9, 2025. (AP Photo/Khaled Elfiqi)
The return of the sanctions ends months of tense diplomacy aimed at reviving nuclear talks that were derailed since June, when Israeli and US forces bombed Iranian nuclear facilities.
Despite the reimposition, Western leaders stressed channels for dialogue remained open.
US Secretary of State Marco Rubio urged Iran to “accept direct talks, held in good faith.”
He also called on UN member states to “immediately” implement sanctions to “pressure Iran’s leaders to do what is right for their nation, and best for the safety of the world.”
The British, French and German foreign ministers said in a joint statement they would continue to seek “a new diplomatic solution to ensure Iran never gets a nuclear weapon.”
They also called on Tehran “to refrain from any escalatory action.”
This combination of pictures shows (from top L to down R) German Foreign Minister Johann Wadephul, Britain’s Foreign Secretary Yvette Cooper, France’s Minister for Europe and Foreign Affairs Jean-Noel Barrot, and Iran’s Foreign Minister Abbas Araghchi .(AFP)
‘No choice’
Iran had allowed UN inspectors to return to its nuclear sites, but President Masoud Pezeshkian said the United States had offered only a short reprieve in return for handing over its whole stockpile of enriched uranium, a proposal he described as unacceptable.
An 11th-hour effort by Iran allies Russia and China to postpone the sanctions until April failed to win enough votes in the Security Council on Friday, leading to the measures taking effect at 3:30 a.m. in Tehran (0000 GMT) on Sunday.
Germany, which triggered the return of sanctions alongside Britain and France, had “no choice” as Iran was not complying with its obligations, Foreign Minister Johann Wadephul said.
“For us, it is imperative: Iran must never acquire a nuclear weapon,” he told the UN General Assembly.
Iranian President Masoud Pezeshkian takes questions from the media at a press briefing in New York, September 26, 2025. (AP Photo/Angelina Katsanis)
“But let me emphasize: We remain open to negotiations on a new agreement. Diplomacy can and should continue.”
Russia made clear it would not enforce the sanctions, considering them invalid.
The sanctions “finally exposed the West’s policy of sabotaging the pursuit of constructive solutions in the UN Security Council, as well as its desire to extract unilateral concessions from Tehran through blackmail and pressure,” Russian Foreign Minister Sergei Lavrov said.
Iran has long contended that it is not seeking nuclear weapons, but it has been enriching uranium to levels that have no peaceful application, barring UN nuclear inspectors, and regularly threatening to flatten Israeli cities.
Russia’s Foreign Affairs Minister Sergei Lavrov attends the Association of Southeast Asian Nations (ASEAN) Post-Ministerial Conference during the 58th ASEAN Foreign Ministers’ meeting and related meetings at the Convention Center in Kuala Lumpur, Thursday, July 10, 2025. (Mohd Rasfan/Pool Photo via AP)
Economic impact
The sanctions are a “snapback” of measures frozen in 2015 when Iran agreed to major restrictions on its nuclear program under a deal negotiated by former US president Barack Obama.
The United States already imposed massive sanctions, including trying to force all countries to shun Iranian oil, when President Donald Trump withdrew from the deal in his first term.
Iran and the United States had held several rounds of Omani-brokered talks earlier this year before they collapsed in June when first Israel and then the United States attacked Iranian nuclear facilities.
Iran recalled its envoys from Britain, France and Germany for consultations on Saturday, state television reported.
On the ground, Iranians lamented the likely impact of the new sanctions on an already squeezed economy.
“The current (economic) situation was already very difficult, but it’s going to get worse,” said an Iranian engineer who asked to be identified only by his first name Dariush.
“The impact of the renewed sanctions is already evident: the exchange rate is increasing, and this is leading to higher prices,” the 50-year-old said, complaining that the standard of living is “much lower” than it was two or three years ago.
The dollar was trading at around 1.12 million rials on the black market on Saturday, a record high according to several currency-tracking websites.
Nava Freiberg contributed to this report.
END
ISRAEL USA/SAUDI ARABIA
WHY TRUMP WANTS BAGRAM!!
The Middle East is going nuclear: Israel is on the path to war against everyone
It really matters not anymore what America thinks or does. The ship of American hegemony in the Middle East has sailed. And there are untold consequences not all fully in the open.
The reason that Trump brought up Bagram, Afghanistan is that the Saudis have officially told the US their bases cannot be used in the future to benefit Israel. That means no use for future attacks against Iran.
Further, they are not alone in their stance. The tide in the Middle East is turning and lines are being hardened. Even Egypt is now preparing for war. Turkey will not sit out the next go around.
Meanwhile both Russia and to a larger extent China are and have been equipping Iran with weapon systems they never had. The next round will be very unpleasant for all parties.
No matter the talk or even wishes for settlement, it is quite clear that it is just talk and lines have hardened to the point that everyone there knows war is coming.
It is likely that we will see a war in the Middle East in the 1st quarter of 2026. As for prior claims of coming investment to America, those odds of ever seeing anything come forward that is concrete are remote.
It is a real question as to whether the Middle East acts a USD conduit for goods that go to sanctioned countries bypassing control. It has been known for some time that even in the case of something as straight forward as Business Jets that Russians through the Middle East conduit buy Bombardier planes from Canada. CBC did a story on this not long ago. And it is likely just a tip of the spear of what really is occurring and growing. Just like the laundering of money from Ukraine via Dubai.
Whatever happens in the Middle East going forward it will not be rosy and have a bearing well beyond.
UKRAINE/ISRAEL//RUSSIA
A FIRST….
In First, Zelensky Confirms Israel Sent Patriot Missile Battery To Ukraine, With More On Way
Sunday, Sep 28, 2025 – 09:55 AM
On Saturday Ukrainian President Volodymyr Zelensky confirmed for the first time ever that Israel has supplied his country with a Patriot air defense system. He indicated it has already been operational for several weeks.
“The system has been installed,” Zelensky said while boasting that at least two more batteries from Israel are expected to arrive at some point in the fall.
It was a surprised announcement, given that for over three years of the Ukraine war, Israel has been persistent in resisting calls to send arms to UKRAINE, given it is more concerned with keeping its delicate relations with Moscow positive. Until now it had only sent non-lethal and humanitarian aid.
Also, Russia has long maintained a military presence on the Mediterranean, along Syria’s coast. But times have changed, and Russia could be packing up its Syrian naval and air bases, given the December overthrow of its ally Assad and the Jolani regime being installed in Damascus. Moscow is suddenly left with less leverage in the region, and has pivoted to growing closer with Iran, which has supplied it with kamikaze drones used in Ukraine.
It likely rubbed Tel Aviv the wrong way seeing Russia deepen its economic, defense, and technological cooperation with Iran, so in light of all of this it has softened its resistance to arming Ukraine.
Back in June, Israel’s ambassador to Ukraine Michael Brodsky was the first to let slip that Patriot systems would protect Ukrainian cities, which was a risk given it has angered Russia. Yet the Ukrainian government had never officially acknowledged this.
But to get US-supplied Patriots to Ukraine, there’s been some trickery and serious diplomatic maneuvering involved in order to make it appear all very ‘indirect’ – in part to prevent Israel from provoking too much wrath out of Moscow.
Back in May, the NY Times presented how the scheme would work:
A Patriot air-defense system that was based in Israel will be sent to Ukraine after it is refurbished, four current and former U.S. officials said in recent days, and Western allies are discussing the logistics of Germany or Greece giving another one.
The officials, speaking on the condition of anonymity because of the sensitivity of the discussions, declined to describe President Trump’s view of the decision to transfer more Patriot systems to Ukraine.
And Kyiv Post has newly acknowledged, “The deployment confirmed an intricate plan, first reported by US media in May, that involved Washington requesting that Israel return an older Patriot system for refurbishment before it was routed to Kyiv.“
Ukraine is seeking to establish a layered permanent defensive air shield based on advanced systems provided by the West. The Trump administration has largely put the brakes on simply donating arms directly, but wants Europe and allies to foot the bill and make the transfers.
END
HAMAS/ISRAEL
Five IDF soldiers seriously hurt in Hamas attack on army encampment in Gaza City
Two rockets launched from Gaza, both fall short inside Strip; Gazan authorities report 18 killed in attacks as Israeli military conducts 140 strikes
By Emanuel Fabian FollowToday, 4:37 pmUpdated at 9:44 pm
Israeli soldiers operate in the Gaza Strip, in a photo released September 28, 2025. (Israel Defense Forces)
Five Israeli soldiers, including two officers, were seriously wounded and six others were lightly injured in a Hamas attack on an army encampment in Gaza City on Monday afternoon, the military announced.
The attack came hours after two rockets were launched from northern Gaza, the second time in just over a week that such attacks were made on Israeli territory, and as the Israel Defense Forces pressed on with an all-out assault on Gaza City, whose aim, Israel says, is to wipe out Hamas in its final redoubts.
The Hamas attack began at around 5:25 p.m. with a cell of five terror operatives infiltrating an army encampment and setting off two explosive devices against a tank of the 7th Armored Brigade’s 82nd Battalion.
Troops at the encampment exchanged fire with the gunmen, killing at least two of them — one by tank shelling and one in a close-quarters gun battle, according to the IDF.
The IDF said it was hunting for the three surviving Hamas gunmen who managed to flee the encampment after the attack.
During the incident, a medical officer, a tank officer, and three soldiers of the 82nd Battalion were seriously injured, the IDF said. Six other troops were lightly hurt. The soldiers were all taken to hospitals, and their families were notified.
Troops from the Givati Brigade operate in Gaza City, in this photo released on September 29, 2025. (Israel Defense Forces)
Hours earlier, two rockets were fired from northern Gaza at the Nahal Oz area, a community on the Strip’s border. Interceptors were fired at the two rockets, which ultimately did not cross the border and fell short inside the Strip, according to the IDF
Alerts were activated in open areas only, and not in any towns, “according to protocol,” the military added.
Last week, two rockets were fired at Ashdod, one of which was intercepted, while the other hit an open area.
Meanwhile, Gaza medics linked to Hamas said the military killed at least 18 people across the Strip, most of them in Gaza City. The figures could not be verified, and did not distinguish between fighters and noncombatants.
Troops operate in Gaza City in this photo released on September 29, 2025 (Israel Defense Forces)
The Israeli Air Force struck some 140 targets in the Gaza Strip in the past day, including buildings used by terror groups, operatives, and other infrastructure, the military said.
The Israeli Navy also operated in Gaza, shelling a weapons depot and other buildings used by Hamas operatives in the Strip’s north, the IDF said.
The strikes came as ground troops from three IDF divisions continued to push into Gaza City.
The IDF said the 36th Division destroyed several buildings used by Hamas to observe forces, and directed a drone strike that killed a cell of gunmen planting bombs; troops of the 98th Division killed a Hamas operative who had launched mortars at the forces; and soldiers of the 162nd Division killed several operatives and neutralized booby traps.
Elsewhere, in northern Gaza, the 99th Division hit several more buildings used by Hamas for surveillance, while in the Strip’s south, soldiers of the Gaza Division killed several operatives near the forces in the southern Khan Younis area, the IDF said.
The war in Gaza was triggered by Hamas on October 7, 2023, when it led a devastating invasion of southern Israel that killed 1,200 people and saw 251 hostages taken to Gaza.
High-rise bomb
The IDF has struck dozens of tall buildings in Gaza City in recent weeks, saying they were being used by Hamas as command posts and for surveillance, and some were rigged up with booby-traps.
On Monday, the military published a video showing troops locating an explosive device planted by Hamas in a high-rise building in the city.
According to the military, the bomb was found on the sixth floor of the tower using a drone. The booby trap was “neutralized,” and no soldiers were injured in the incident, the army said.
This drone video, published September 29, 2025, shows the IDF locating what it is says is an explosive device planted in a high-rise building in Gaza City. (Israel Defense Forces)
Israeli tanks, meanwhile, advanced to within a few hundred meters of Gaza City’s main Al Shifa Hospital, where doctors say hundreds of patients are still being treated despite Israeli orders to leave.
Health officials said tanks had also surrounded the area around nearby Al Helo hospital, housing 90 patients, including 12 babies in incubators. Medics said it was shelled overnight.
Palestinians look through rubble following an Israeli airstrike on a house in the Shati refugee camp, west of Gaza City, September 26, 2025. (Fathi Ibrahim/FLASH90)
Also on Monday, the IDF and Shin Bet announced that the deputy commander of the Hamas Zeitoun Battalion in Gaza City, who led hostage release ceremonies and participated in the October 7 onslaught, was killed in a recent airstrike.
The Hamas commander, Musa Shaldan, was killed in a strike carried out by the Israeli Air Force last week, according to the IDF.
As a company commander in the Zeitoun Battalion, Shaldan invaded Israel with his forces on October 7, 2023, the IDF said. Additionally, the army said he was one of the leaders of Hamas’s incendiary balloon launches at Israel before the war.
During the war, Shaldan was responsible for the release of hostages from Gaza City, and he was seen leading Hamas’s release ceremonies earlier this year, the military said.
The IDF said that during the war, Shaldan led numerous attacks against Israeli troops — including sniper fire, explosives, and anti-tank fire — while sheltering in “humanitarian compounds.” He was also responsible for Hamas’s fighting positions in Zeitoun.
Previously, Shaldan served as the intelligence chief in the Zeitoun Battalion and a deputy company commander, the army added.
Hamas commander Musa Shaldan is seen during a hostage release ceremony in Gaza City in early 2025, in a handout photo issued by the military, on September 29, 2025. (Israel Defense Forces)
On Sunday, the IDF and Shin Bet announced that a Hamas Nukhba Force commander who led the killing and kidnapping of Israelis from a roadside bomb shelter near Kibbutz Re’im during the October 7, 2023, onslaught had been killed in a recent airstrike in the Gaza Strip.
According to the military, Hassan Mahmoud Hassan Hussein served as a Nukha company commander in Hamas’s Bureij Battalion.
Hussein, alongside another Nukhba force commander, Muhammad Abu Attawi, led the attack on a bomb shelter near Re’im where partygoers from the Nova festival had fled to.
Four people were taken hostage alive from the shelter and 16 were murdered. Seven managed to survive and were later rescued.
Hamas terrorist Hassan Mahmoud Hassan Hussein during the attack on a bomb shelter near Kibbutz Re’im on October 7, 2023. (Israel Defense Forces)
Hussein was also involved in attacks on troops during the war in Gaza, the IDF said.
Attawi, the other Nukba commander involved in the attack on the Re’im shelter, was killed in an Israeli strike in October 2024.
Also Sunday, Israeli troops operating in Gaza City killed a Hamas operative who attempted to plant a bomb next to an armored personnel carrier, the military said.
According to the IDF, the troops spotted the operative and opened fire on him as he tried to detonate the bomb against a Namer APC.
A short while later, an additional cell of Hamas gunmen was identified in the area, and the forces called in a drone strike that killed them, the army said.
The army issued footage showing the operative who was killed trying to approach the troops, and airstrikes directed by the forces.
These videos issued by the IDF on September 28, 2025, show a Hamas operative attempting to attack troops in Gaza City, and additional airstrikes in the area. (Israel Defense Forces)
The incident took place during operations of the 188th Armored Brigade and Bislamach Brigade — the IDF’s School for Infantry Corps Professions and Squad Commanders — under the 98th Division.
Agencies contributed to this report.
IRAN/ISRAEL
Iran Publishes Alleged Leak Of Israeli Nuclear Sites, Secret Files
Saturday, Sep 27, 2025 – 09:20 AM
The Iranian government revealed more information this week regarding the vast cache of classified Israeli nuclear and military documents it had previously announced obtaining.
In a documentary aired by state television on Wednesday, Iranian Intelligence Minister Esmail Khatib said the documents include the full names, personal details, addresses, and professional links of 189 nuclear and military specialists connected to Israeli weapons programs. “The list is still being expanded as Iranian analysts continue to process the material,” Khatib was quoted as saying.
“Iranian intelligence operatives carried out one of the most complex multilayered operations, penetrated deep into the hidden vaults of the regime and obtained its secret information in nuclear, military, intelligence, and scientific fields,” he added. “In addition, there are documents showing official influence exerted by Israeli officials and American senators on the International Atomic Energy Agency (IAEA), and their receipt of information about our peaceful nuclear program.”
Khatib said the documents also include precise information on military, intelligence, and nuclear sites in Israel, adding that Tehran targeted and struck some of these sites with missiles during the 12-day war in June.
He also claimed that employees of the Israeli nuclear and military establishment cooperated with Iranian intelligence as a result of “financial incentives” and “deep hatred toward the regime’s corrupt and criminal prime minister, which led to acts of revenge against him.”
Included in the documentary aired on Wednesday night were personal photos of IAEA chief Rafael Grossi. It says the cache of documents includes personal information on the IAEA chief. The documentary also shows footage from inside Israel’s Dimona nuclear facility.
“Instead of solving the problem of the Iranian water, think about solving the problem of the bread of many workers who have cooperated with us with the incentive of money, and they are cooperating right now,” Khatib added, addressing Israeli Prime Minister Benjamin Netanyahu.
His comments alluded to the premier’s recent statement that Israel would help the Iranian people desalinate water once they were “free” from the government.
Iran initially announced the large-scale intelligence operation on June 9. At the time, it referred to the cache as a “treasure trove.”
Three days later, Israel launched a massive war against Iran, targeting civilian infrastructure, military sites, and nuclear facilities. Iran responded with large barrages of ballistic missiles throughout the 12-day campaign.
Washington joined in on the final day before the war ended, carrying out a bunker-buster attack on several nuclear sites, which caused severe damage but failed to eradicate the Iranian nuclear program.
The war was launched amid nuclear negotiations between Tehran and Washington. Iran insisted on its right to continue uranium enrichment, which the US and Israel rejected. The Islamic Republic suspended cooperation with the International Atomic Energy Agency (IAEA) after the war over its failure to properly condemn the attacks, as well as what it said was close cooperation between Tel Aviv and the watchdog.
Although a new framework was reached earlier this month, Tehran announced over the weekend that it will fully suspend cooperation after the EU reimposed sanctions on Iran.
The IAEA has never been granted access to Israel’s Dimona facility, which is believed to provide fuel for Tel Aviv’s undeclared nuclear weapons program.
end
MICROSOFT/ISRAEL
What’s Behind Microsoft’s Drastic Move To Cancel Services To Israeli Intelligence?
Sunday, Sep 28, 2025 – 10:45 PM
Microsoft has restricted access to certain technologies for Israel’s military intelligence Unit 8200 – an elite unit responsible for clandestine operations, especially collecting signal intelligence (SIGINT), along with counterintelligence, cyberwarfare, and surveillance. It is often also referred to as the Central Collection Unit of the Intelligence Corps
Reports emerged that the IDF unit violated the company’s terms of service by using Microsoft’s Azure cloud platform to collect and store mass surveillance data on Palestinians, according to The Guardian, The Wall Street Journal, and other prominent publications.
A sophisticated surveillance system was erected by Israeli intelligence reportedly using Microsoft’s infrastructure to collect data from millions of phone calls made daily by Palestinians across the West Bank and Gaza.
“We do not provide technology to support mass surveillance of civilians. This principle has guided our actions globally for over 20 years,” Microsoft President and Vice Chair Brad Smith stated in an internal email to employees.
Microsoft has also since notified Israel’s Ministry of Defense that it will terminate and deactivate specific subscriptions and services used by the military. This is said to include access to certain cloud storage, AI tools, and related technologies.
Smith had further described the company took this drastic action due to its “longstanding protection of privacy as a fundamental right.”
According to WSJ, it was initial media scrutiny which spurred on Microsoft’s own investigation into the matter:
The company looked into the matter again following the Guardian article. Law firm Covington & Burling, Smith’s former employer and a longtime Microsoft legal resource, has been investigating the matter.
The company, which shared few details of its findings, said its policies prohibit its technology’s use to facilitate mass surveillance of civilians. It said it had found evidence that “elements of the Guardian’s reporting” were true.
Current and former employees have criticized the company’s relationship with Israel. Organizers have disrupted company conferences by shouting during keynote speeches and hung Palestinian flags and banners around the Microsoft corporate campus in Redmond, Wash.
Microsoft said that it had found key elements of the public investigative reporting to be true. It comes amid growing international outrage at the soaring Palestinian death toll in Gaza, and as PM Netanyahu has vowed to fully take over Gaza City.
Watch: Given this was likely known about or at least suspected for a long time, what’s behind Microsoft’s move?
Pressure has been mounting among Microsoft’s own employees for the powerful company to take more action since the Gaza war began.
However, the company has made clear that it will continue to support Israel’s cyber-defense efforts and other services which don’t involve mass surveillance.
END
RUSSIA VS UKRAINE
Kiev ‘Will Lose Ukraine’ If It Doesn’t Accept Moscow’s Terms, Lukashenko Warns
Saturday, Sep 27, 2025 – 11:05 AM
Russian President Vladimir Putin met with Belarusian President Alexander Lukashenko at the Kremlin in Moscow on Friday, with the two hailing expansion of cooperation on all levels.
“We are practically enjoying active collaboration in all directions,” the Russian president said. “The same applies to security issues and ensuring the safety of the Union State. By the way, here, as we agreed, everything continues in a rhythmic and operational mode. Everything keeps developing naturally,” Putin added.
Lukashenko is joining Putin and other officials at events of the World Atomic Week in Moscow during the two-day visit.
Most importantly, Lukashenko revealed while speaking to the media after discussions with Putin that Russia has presented a new peace proposal to Ukraine, and that Kiev’s response will determine the outcome of the conflict.
According to state media source BelTA, he went so far as to warn the Ukrainians that if they don’t accept its terms, they they will lose all of Ukraine.
“There are good proposals for resolving the Ukrainian conflict,” Lukashenko said of options which are apparently on the table. According to his full comments as translated by BelTA:
“You can say and declare anything. But what if the Kremlin strikes Bankovaya Street [a street in Kiev where Ukrainian government institutions are headquartered]? What would remain of it? Therefore, Vladimir Zelensky needs to calm down. There are good proposals on the table. We discussed them with President Putin. I will not speak about them; the president will speak about them himself.
These are good proposals. Proposals regarding Ukraine, which were also heard by Donald Trump in Alaska, were taken to Washington for consideration and discussion.”
After again calling them “Very good proposals,” he then warned ominously that “If the Ukrainians do not accept these proposals, then the situation will be like the beginning of the Special Military Operation. It will be even worse. They will lose Ukraine.”
As far as what Moscow is offering for negotiated settlement, this without doubt includes Kiev giving up all claims to the four easter territories and to Crimea, as well as to never join NATO, and that it must open up restrictions on the Russian language. Essentially Ukraine will see it as a plan of ‘surrender’.
It was this past summer that Russian forces expanded their operations beyond the Donbass for the first going. The military has at this point captured several villages and settlements Ukraine’s central Dnipropetrovsk region, which neighbors Donetsk. Ukraine’s manpower crisis has only grown worse in the meantime.
This signifies that Moscow could expand the fight, and Lukashenko’s latest warning suggests this as well. However, Putin unlikely desires to attempt to occupy the whole of the country, but the threat is being echoed amid the ongoing standoff with NATO.
END
RUSSIA VS EUROPE ET AL
Russia Is Not Targeting EU Or NATO States, Lavrov Tells UN
Saturday, Sep 27, 2025 – 03:45 PM
Russia’s foreign minister Sergei Lavrov addressed the United Nations General Assembly in a wide-ranging speech on Saturday, wherein he warned of a “decisive response” to any “aggression” directed towards Moscow.
But he spent much of the speech debunking the notion that Russia is seeking to attack European Union or NATO states, days after Denmark claimed to be under assault by Russian-linked drone sabotage operations which have at times shut down major airport hubs.
“Threats of force against Russia, accused of practically planning an attack on the North Atlantic Alliance [Nato] and the European Union, are becoming increasingly common,” he said. “President Putin has repeatedly debunked such provocations.”
“Russia has never had and does not have such intentions, but any aggression against my country will be met with a decisive response,” Lavrov emphasized.
But, he asserted, threats against Russia by the Western allies are becoming “increasingly common”. Much of his verbal attack was focused on the more hawkish European countries.
This was in contrast with this more positive tone regarding the Trump administration: “In the approaches of the current US administration, we see a desire not only to contribute to ways to realistically resolve the Ukrainian crisis, but also a desire to develop pragmatic cooperation without adopting an ideological stance,” he said.
To be expected, he saved his harshest attack for the Ukrainian government itself, at one point highlighting its persecution of Russian language and culture in the public sphere. Lavrov noted that even Arabic is not banned by Israel.
“Yet Russian is banned in Ukraine. I would remind you that Article 1 of the UN Charter calls for ‘respect for human rights and fundamental freedoms for all, without distinction as to race, sex, language, or religion,’” he highlighted.
“The Kiev regime, which seized power in the unconstitutional coup organized by the West in 2014, has set a course to eliminate the canonical Ukrainian Orthodox Church, to legislate the eradication of the Russian language across all spheres – education, culture, and the media. Ukraine is the only country in the world to legally ban the native language of nearly half of its population,” the top Russian diplomat said.
He declared that that Europe is “obsessed with the utopian goal of inflicting a strategic defeat on Russia” and so remains silent on these severe human rights abuses.
“For this goal, the Ukrainian regime is permitted everything – including terrorist attacks against politicians and journalists, torture and extrajudicial executions, indiscriminate bombardment of civilian infrastructure, and reckless sabotage targeting nuclear power plants,” he underscored.
6. GLOBAL ISSUES//COVID ISSUES/VACCINE ISSUES/HEALTH ISSUES
RFK Jr. Considering Adding Autism Symptoms To Vaccine Injury Program
Friday, Sep 26, 2025 – 07:45 PM
Authored by Zachary Stieber via The Epoch Times (emphasis ours),
Health Secretary Robert F. Kennedy Jr. is looking at updating symptoms after vaccination that are eligible for compensation under a federal program, an adviser said on Sept. 25.
“We have a team looking at … a way to capture these kids,” Andrew Downing, senior policy adviser at the Department of Health and Human Services (HHS), told an autism roundtable in Washington.
“Do we broaden the definition of encephalopathic events? Do we broaden neurological injuries? How do we do that?
“I was hoping that the changes to the program might have been rolled out before today, so that I could talk more in depth about them. As you can imagine, it’s not my place to do the rollout.”
Downing is a lawyer who has represented individuals seeking compensation from the National Vaccine Injury Compensation Program.
The program was established by Congress to award damages to those who suffer vaccine-related injuries. He joined the HHS after Kennedy took office in February.
Kennedy said over the summer that the program would be revolutionized, including by addressing the lack of discovery.
The program has an enormous backlog of thousands of cases, just eight special masters who are able to adjudicate cases, and a table of eligible injuries that critics argue is too small.
Downing told the crowd on Thursday that when he first began filing cases with the program, encephalopathy cases could be approved for compensation if there was supportive medical literature. In rare cases, lawyers would have to bring in an expert.
The definition was changed in the 1990s, “making it almost impossible for a family to prevail,” he said.
The Department of Justice, which represents the HHS in cases filed with the program, later made it even harder to win some cases, according to Downing.
One change that should happen is that in borderline cases, compensation should be awarded to injured people, Downing said.
“That is how the vaccine program was originally designed, and it’s been hijacked, for lack of a better word. Hopefully not for much longer,” he added.
Downing also described autism as a collection of symptoms and said that autism can be caused by vaccine-induced inflammation.
The Centers for Disease Control and Prevention says on its website, “Studies have shown that there is no link between receiving vaccines and developing autism spectrum disorder (ASD).”
Autism Speaks, an autism advocacy group, states: “Scientists have conducted extensive research all over the world over the last two decades to examine the link between childhood vaccinations and autism. The result of this research is clear: vaccines do not cause autism.”
In the 2000s, thousands of families said vaccines caused their children’s autism. Test cases were selected to represent them, and in 2009, special masters determined that the measles, mumps, rubella vaccines, and vaccines containing a mercury-based preservative called thimerosal, did not cause autism.
Downing said that in those test cases, “the deck was stacked against the families.”
John Gilmore, executive director of the Autism Action Network, whose son was part of the omnibus proceedings, told the event that the omnibus proceedings need to be revisited.
“The omnibus was a setup from the beginning,” he said.
“It was going to be a way to get all these cases, put them together, and then just find some way to get rid of them.”
end
GLOBAL ISSUES/rolex prices:patek prices
Have You Checked Used Rolex Prices?
Monday, Sep 29, 2025 – 04:15 AM
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most-traded watches by value on the secondary market, bottomed in late January and has since been rising in a “V-shaped” fashion, rebounding from a low of $31,535 to $34,001 as of last Thursday, or about a 7.8% increase from the trough.
Used Rolex prices also bottomed out in late January at around $10,964 and have since climbed to $11,882 – a jump of about 17.2% from the trough.
Used Patek prices bottomed around $88,379 and have since risen to $95,829 – or about 8.4%.
end
MARK CRISPIN MILLER
Stephen Gyllenhall has prostate cancer; Howie Mandel’s grandson, 9, has leukemia; NBA’s Jason Collins has brain tumor; Fox’s Eric Shawn has cancer; Greg Papa back on air amid leukemia treatment
Joe Ely has both Parkinson’s & Lewy body dementia; Fox’s TT Stern Enzi has renal cancer; Emmy producer Dionne Harman has lung cancer; SC ex-QB Connor Shaw collapses coaching son’s football team; more
| Mark Crispin MillerSep 26 |
A survey of the likely global toll of COVID “vaccination,” based on the reports collected by our worldwide team of researchers this past week.
To help support our work, consider subscribing or making a donation.
CELEBS:
UNITED STATES
Director Stephen Gyllenhaal reveals prostate cancer diagnosis: the symptom that ‘freaked’ him out and his son Jake’s biggest worry
September 18, 2025
Director Stephen Gyllenhaal may have found his next project — and it’s a topic very close to him. Gyllenhaal — father to Oscar nominees Jake and Maggie and 10-year-old Luke — was with his youngest son at a swimming pool last year when an unusual feeling washed over him. “My arms and legs suddenly felt as thick as elephants, and I could hardly move,” Gyllenhaal, 75, recalled to The Post. “I was really freaked out, but I kept on thinking it’s nothing, and then it got worse and worse.” After three days of being unable to pee, Gyllenhaal was diagnosed with prostate cancer that had spread to a nearby lymph node. Gyllenhaal’s road to cancer goes back a ways. His doctor flagged him about his enlarged prostate many years ago and his elevated PSA in 2020.
News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Beloved country music singer reveals heartbreaking health diagnosis
September 11, 2025
Joe Ely, a beloved country music singer-songwriter from Texas, shared with fans this week that he has received some heartbreaking health news. The 78-year-old [left, with Bruce Springsteen in 2012] shared the news on his official Facebook page that he has “recently been diagnosed with Lewy body dementia and Parkinson’s disease.” The statement also noted that while his life has changed, Joe “remains what he has always been: a brilliant musician, a storyteller, and a light in the world. With Sharon by his side, and the support of those who love him, Joe continues to share his music and his heart,” the statement added. The statement also noted that Joe and Sharon are currently working on a book about his life and are asking friends and fans to submit original stories about him.
Two Fox employees:
Cable News Personality Eric Shawn, 68, Says He’s Been Battling Cancer and Believes It’s Linked to ‘Toxic Dust’ Near Ground Zero 24 Years Ago
September 12, 2025
Fox News anchor Eric Shawn, 68, has spent decades reporting from the front lines of history. But this year, the story turned personal. While commemorating the 24th anniversary of the September 11 attacks, Shawn publicly shared his cancer diagnosis—one he believes is tied to the toxic dust cloud that blanketed lower Manhattan in 2001. “Back then, I remember thinking, maybe in 20, 30 years later, I’ll get something. Well, here it is, 24 years,” Shawn said during a segment on Fox News. Earlier this year, Shawn was diagnosed with a bronchitis-related respiratory issue, followed by a cancer diagnosis. While the specific type of cancer hasn’t been disclosed, he confirmed that both conditions are recognized under the World Trade Center Health Program—a federal initiative offering medical support to survivors and first responders.
Researcher’s Note – Fox News Requires Employees to Report Vaccination [sic] Status, Mandates Masks for Workers in ‘Confined Spaces’: Link
FOX19 NOW special contributor diagnosed with cancer
September 19, 2025
CINCINNATI – FOX19 NOW’s special contributor, TT Stern Enzi, has been diagnosed with Stage IV sarcomatoid renal cancer. TT has been with FOX19 NOW for more than five years, covering the latest film and streaming releases. In addition, he has also provided coverage for some of the world’s largest film festivals, like The Toronto International Film Festival. Locally, TT is the artistic director for the Over-The-Rhine International Film Festival. TT’s wife tells FOX19 NOW that he has undergone three surgeries since he was admitted to the hospital. It is not clear right now when he will be able to come home, according to his family. ”Our beloved TT was admitted to the The Christ Hospital on 8/30/2025 after suffering from what we thought was a bad pneumonia. He was found to have a very rare form of Stage IV cancer, called sarcomatoid renal cancer that has metastasized to both of his lungs. The original tumor is very large and is not considered surgically removable at this time. TT has undergone multiple surgeries due to the blood, fluid and scarring in his lungs. Unfortunately, he continues to require frequent blood transfusions and IV fluids and remains incredibly weak. He has been in the hospital for almost 3 weeks and we do not know when he will be able to be safely discharged.”
Researcher’s Note – Fox News Requires Employees to Report Vaccination {sic] Status, Mandates Masks for Workers in ‘Confined Spaces’: Link
No age reported.
Howie Mandel Shares Update on Grandson Axel After Leukemia Diagnosis
September 18, 2025
Howie Mandel is sharing his grandson’s diagnosis for the first time. The America’s Got Talent judge and his daughter Jackelyn Shultz shared they privately navigated her 9-year-old son Axel’s cancer diagnosis. “The coping, it became really specific,” Howie said alongside his daughter during their appearance on the Sept. 17 episode of In Depth with Graham Bensinger. “Cause his issue is an autoimmune issue. It’s leukemia.—in fact, it’s the first time we’ve ever talked about it on camera.” Howie, 69, shared that amid keeping Axel’s diagnosis private, he and Jackelyn—who is his cohost on the Howie Mandel Does Stuff podcast—had to navigate people’s negative assumptions on top of the pain of Axel’s health issues. “We have been doing the podcast and sometimes somebody would come in to do the podcast and they’d have a cold,” Howie shared. “And she’d be wearing a mask.” As Jackelyn explained, “And I got such hate and vitriol, and they thought I didn’t agree with their politics or whatever. And the comments in that section. In my mind, I’m like, ‘They have no idea what I’m going through right now. They have no idea I was trying to be able to go visit my son in the hospital.’” According to Howie and Jackelyn, Axel was diagnosed with leukemia during a family trip to Hawaii, after they initially believed he had the flu. For the father-daughter duo, it was the most challenging time, but they are on the other side. “That’s where he was diagnosed,” Howie—who is also father to Alex, 33, Riley, 31—said of the emotional moment. “And we brought him home and he’s doing good now. He’s in remission right now.” And while Axel is on the other side of his diagnosis, the family is still managing life after his treatments. “To go home and look at your baby and imagine somebody telling you something horrible is wrong,” he said. “That’s really, really tough. Three, four years and it’s still a struggle. He still doesn’t have an immune system yet so he can’t go to school. He’s doing well, his leukemia is in remission, we’re just trying to build up his immune system again.” And for Jackelyn, the family’s fight isn’t over. “We’re dealing with the transplant,” she said. “I don’t think people realize that there’s so much that goes into treatment, and I don’t think people realize that there’s so much that goes into treatment that it’s not just the cancer alone. That it’s also the treatment and the follow up it’s a really, really, really long road.”
Lynyrd Skynyrd Singer’s Daughter Faces Rare Brain Disease
September 17, 2025
Lynyrd Skynyrd’s Johnny Van Zant just shared that his daughter Taylor is battling a super rare brain disorder called CCM. She’s only 23 and already survived two brain bleeds—surgery isn’t even an option right now. Taylor’s raising money for research, and fans are flooding their socials with prayers and support. The Van Zant family has seen a lot of heartbreak, but they’re turning this tough moment into a call for awareness.
Emmy Producer Discovers She Has Stage 3 Cancer After Kim Kardashian Posts About Body Scan: ‘I Would Have Died’
September 18, 2025
Dionne Harman was feeling perfectly fine in 2023 — until a full body scan led to a shocking discovery: She had stage 3 lung cancer. The Emmy producer — alongside fiancé Jesse Collins, whose namesake company orchestrates The Emmys, the Super Bowl Halftime Show and more — found herself curiously digging into Prenuvo, a relatively new company offering advanced technology MRI scans. “There was like a 3 to 4 month wait before we could get an appointment,” says Harmon of herself and her fiancé. At the time, she says she was more concerned with his health. “We both work hard and don’t always take care of ourselves the way we should. And sad to say, several of our friends have dropped dead of heart attacks because it’s a high-stress world. Jesse started his own company after his boss, John Cossette, died of a massive heart attack, so there’s always been that fear.”
Harmon learned her scan had an alarming and unusual finding. “’There appears to be a pretty large mass in your right lung, and you need to call a pulmonologist as soon as possible’,” she says she was told. It wasn’t until a meeting with USC’s Dr. Graeme Rosenberg, a professor and thoracic surgeon at Keck Medicine in Los Angeles, that Harmon was diagnosed with lung cancer. “Lung cancer is usually asymptomatic until it’s at an advanced stage, where it’s either invaded into the chest wall and causing pain or is so invasive that there is blood or obstruction of the airways that leads to a pneumonia,” Rosenberg says. Luckily Harmon, who was asymptomatic, hadn’t reached that point. But upon surgery, which was done with the use of a doctor-controlled robotic arm via a state-of-the-art machine called The Da Vinci, Rosenberg found that what had originally presented as stage 1 or 2 lung cancer was actually stage 3. “We were really fortunate to have gotten her into our team at USC quickly so that she was operated on swiftly, because the fear is that lung cancer spreads to the next train stop over in terms of lymph nodes.” Or as Harmon’s pulmonologist told her, “‘If you had found this six months later, we’d be talking about how to make the rest of your life comfortable’,” she recalls. “I would’ve died, for sure.”
No age reported.
NBA’s Jason Collins Undergoing Treatment for Brain Tumor
September 11, 2025
Former NBA center Jason Collins – the league’s first openly gay player – has been diagnosed with a brain tumor and is currently undergoing treatment. The league released a statement on Thursday on behalf of Collins and his family, calling on his fans to send positive vibes his way as he deals with the medical condition. No further details were provided. Collins, 46, was selected with the 18th overall pick in the 2001 NBA Draft and played for the then-New Jersey Nets until 2008. The 7-foot center also suited up for the Grizzlies, Timberwolves, Hawks, Celtics, and Wizards.
Wander Franco has been admitted into a mental health facility
September 10, 2025
Tampa Bay Rays shortstop Wander Franco has reportedly been admitted into a mental health facility in the Dominican Republic. Franco, who was convicted in June of sexually abusing a minor, was admitted into a clinic on Tuesday for mental health issues, according to The Associated Press. A police spokesperson in the Dominican Republic said the request for officers to detain and admit Franco came from the 24-year-old’s family. He was an All-Star in 2023 with the Rays when the allegations first became public. Franco was in the early parts of an 11-year, $182 million contract with the Rays that he had signed in 2021.
Researcher’s Note – International air travellers will soon no longer have to show proof of Covid vaccination [sic] when arriving in the US, the White House says: Link
MLB to relax virus protocols when 85% on field vaccinated [sic]: Link
MLB Players Without COVID-19 Vaccine [sic] Can’t Play vs. Blue Jays in Toronto: Link
How former Miss NC Carrie Everett is doing since aggressive cancer diagnosis: ‘Holding on to God’
September 17, 2025
DURHAM, N.C. – Last year, Carrie Everett, 21, needed your support as she competed for and won the Miss North Carolina 2024 crown. She needs it again. That’s because Everett has gone from being crowned to losing her natural crown to cancer. “I initially knew something was wrong. I don’t get very sick very often,” she tells ABC11. She and her mother spoke with ABC11 News virtually from their home in Auburn, Washington. Everett handed over the Miss North Carolina crown in June of this year. One month later, she was on a journey she didn’t see coming. “I started to experience bloating almost instantly. I was coughing. I went to the doctor, and they said I had pneumonia. They initially said there was nothing wrong with my stomach,” she said. Doctors performed an X-ray and found nothing, but one week later, the symptoms progressed to her coughing up blood. They found masses on her pelvis after conducting a CT scan. A biopsy detected cancer. She was diagnosed with signet ring cell carcinoma, which is a rare and aggressive advanced form of cancer. After spending three weeks in the hospital, she had to regain her walking skills. “I was hooked up to machines all the time and wasn’t able to breathe. I had to be on oxygen,” she said. The young woman just wrapped up her third round of chemotherapy. Her family shaved their heads in solidarity with her. For now, Everett is taking a break from her studies at North Carolina Central University.
Researcher’s Note – NCUU’s “vaccination” mandate: Following CDC guidance, which expresses a clinical preference for individuals to receive an mRNA COVID-19 vaccine [sic] over the J&J COVID-19 vaccine [sic], NCCU no longer has the J&J vaccine [sic] available. Students must upload proof of vaccination [sic] through the link on the myEOL banner or by clicking this link: Link
Greg Papa returns to his KNBR show amid leukemia treatment
September 17, 2025
Bay Area sports radio icon Greg Papa [62] made an emotional return to the airwaves on KNBR Tuesday morning for “Papa & Silver” with co-host Greg Silver. The occasion marked two months to the day since a cancer diagnosis that has kept him off the air. “I’ll be here for a while right now. We’re between cycles. They started the hardcore chemo on the PICC line last week. I had a 10-day cycle on Sunday, which made watching football a blast,” Papa said, pointing out an IV in his arm. “… I got a little break between Cycle A and Cycle B. I will be with you as many days as I can.” Papa, who discussed everything from Mac Jones’ start, Bryce Eldridge’s debut to his own new bearded look, shared that he was diagnosed with acute lymphoblastic leukemia b-cell, a blood cancer. He said he was feeling well Tuesday, but acknowledged that the treatment means his energy and mood wax and wane. Because a simple cut could turn deadly, Papa explained, he’s been growing out his facial hair for the first time. He said that he is in remission after two months of treatment but will need to continue chemotherapy and eventually receive a bone marrow transfusion. Papa’s brother Ron turned out to be a match to donate his stem cells toward that transfusion, he learned about a week ago. The longtime play-by-play and radio personality said his leukemia cell count is down to just 14 after it was so high in July that he “came very close to dying,” with a white blood cell count of 0.2. He hasn’t reached the finish line yet, though. “Cancer is random, cancer is sudden and cancer is unfair, and it cripples you in all forms of your life,” he recalled ESPN broadcaster Mike Tirico telling him shortly after his diagnosis.
Researcher’s Note – Greg Papa was telling his KNBR listeners on Friday that he was attending the Napa outdoor. Furthermore, Papa, who is expected to travel to Detroit (with Tim Ryan) for the 49ers’ opener, could jeopardize his status if he were to test positive. Papa has been vaccinated [sic] and has talked on air about the importance of being protected: Link
Ex-South Carolina quarterback Connor Shaw collapses while coaching son’s football team
September 18, 2025
Legendary South Carolina quarterback Connor Shaw is receiving treatment in hospital after collapsing while coaching his nine-year-old son’s football team. Shaw, who played one game in the NFL with the Cleveland Browns, was wheeled off in an ambulance and transported to Prisma Health Greenville Memorial Hospital, according to The State. It is currently unclear what caused the 33-year-old’s collapse. As of Thursday morning, there has been no update on his status as he continues to receive medical treatment.
Researcher’s note – Shaw returned to the University of South Carolina in 2020 as the director of player development. In February 2021, Shaw’s expanded role was announced as Director of Football Relations: University Of South Carolina Imposes Vaccine [sic] Mandate On Faculty, Staff: Link
BYU-Hawaii president announces he has cancer
September 17, 2025
BYU-Hawaii president John “Keoni” Kauwe [45] has cancer that needs immediate treatment, he announced Wednesday in an Instagram reel. “Last Friday, I found out that I have rectal cancer. This cancer is treatable, but it’s serious. It requires immediate care and several months of focused treatment,” he said. Kauwe, a recognized Alzheimer’s researcher, will continue to serve as BYU-Hawaii’s president, he said. He said his wife, Sister Monica Kauwe, and their children share his gratitude and optimism despite the diagnosis. He said personal revelation led him to improve his physical health over the past year because of a very high inherited risk for diabetes and cancer.
Researcher’s Note – From day one in Kauwe’s current position as the President of BYU–Hawaii, John Keoni Kauwe had the health and safety of the university students, faculty, and community at the forefront of his mind. During this webinar, President Kauwe discusses the scientific explanations that debunk false claims, such as the vaccines [sic] altering DNA, trusting one’s natural immunity over proper vaccination [sic], and vaccines [sic] causing infertility. He commonly references CDC and AMA guidelines as he walks viewers through the scientific reasoning behind why the COVID-19 vaccination [sic] is safe and effective: Link
Maria Kanellis-Bennett Reveals Skin Cancer Diagnosis After Surgery
September 13, 2025
Former WWE star Maria Kanellis-Bennett [43] is urging fans to take skin cancer seriously after revealing she underwent surgery to remove a cancerous mole from her leg. On X, the former 24/7 Champion shared photos from her hospital bed and revealed the area where the procedure was performed.
Researcher’s Note – Tony Khan was recently interviewed by PWTorch about the COVID-19 vaccination [sic] status of the AEW roster. The AEW President revealed that the majority of the roster is currently vaccinated [sic], and he noted that international touring will create an issue for those that are not: Link
UK: Ed Sheeran seems “terminally ill”; swimmer Archie Goodburn, 24, has brain cancer; racer Will MacIntyre, 18, has brain/ lung cancer; ex-MP Victoria Prentis has “aggressive cancer”
BR: Iran Costa has heart attack after Lisbon concert; IR: writer Manchán Magan, 55, has terminal cancer; influencer Jennifer Wrynne, 36 (and mom of 4), has breast cancer; and more
| Mark Crispin MillerSep 26 |
This is our third compilation of such reports, this one focusing mainly on the UK, while the next and last such post this week will include several other countries.
If you like “News from Underground” (or hate it, but get something out of it), please read this post.
BRAZIL
Brazilian singer Iran Costa suffers heart attack after concert in Lisbon and is admitted to the ICU
September 15, 2025
Singer Iran Costa (@irancostaofficial), 59, suffered a heart attack on Saturday night (13) during a performance at the Revenge of the 90s event in Lisbon and remains hospitalized in the Intensive Care Unit at Santa Maria Hospital. According to his agent, Paquito Rebelo, the artist became ill in the dressing room after the show, fell, and had seizures. He was immediately attended to by nurses and taken to the hospital. The producer reported that Iran Costa remains stable, conscious, and sedated, under intensive monitoring after a catheterization performed to unblock his arteries. The invasive procedure requires close monitoring, but according to the medical team, it is unlikely to cause any serious consequences. The singer has already been informed by doctors about his condition and remains out of danger.
News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
UNITED KINGDOM
Ed Sheeran Death Fears — Singing Sensation Sparks Concern ‘He’s Secretly Terminally Ill’ by Announcing Grim Posthumous Album Plan and Dedicating Haunting Tribute to Daughters
September 15, 2025
Ed Sheeran’s recent revelations about a posthumous album have sent shockwaves through fans, sparking fears the singer may be battling a secret illness, RadarOnline.com can reveal. The 34-year-old music icon stunned the world with news he has already planned a career-spanning album titled Eject, which is to be released after his death. “It’s fully in there if I were to go tomorrow.” But the star’s openness about mortality has also intensified speculation surrounding his health, sources tell us. Earlier this year, Sheeran shared how his life and music had been deeply influenced by personal struggles, including the emotional turmoil surrounding his wife’s difficult pregnancy in 2022 and the tragic loss of his close friend, Jamal Edwards. While Sheeran has never publicly confirmed any health issues, his fans have begun to worry about the emotional tone of his new music. One source close to Sheeran’s inner circle spoke candidly about the singer’s recent behavior and the health concerns that have begun to circulate. The insider added: “Over the past few months, those of us closest to Ed have noticed a significant change in his demeanor – he’s been more withdrawn than usual, and there are moments when he seems to be grappling with something deeper. He’s always been a private person, but lately, there’s been an air of finality to some of the conversations he’s been having. It’s definitely caused a lot of concern among his team and family. There are whispers that he’s been to some medical appointments in recent months, but he hasn’t shared many details with anyone. It almost feels like he’s already preparing to say goodbye to his fans and family.”
Researcher’s Note – Sheeran said he was fully vaccinated [sic] when he contracted the coronavirus, making his a breakthrough case: Link
Teen Racing Star, 18, Forced Away from the Track After He’s Diagnosed with Both Lung and Brain Cancer
September 19, 2025
A rising star British race car driver has been diagnosed with brain and lung cancer at the age of 18. “This is a very different post to usual, but I’ll just spit it out,” [Will] Macintyre wrote in an Instagram post on Wednesday, Sept. 17. “Over the past few months, I haven’t quite felt myself and now it’s starting to make a bit more sense as to why.” He continued, “I’ve been diagnosed with both brain and lung cancer. Sadly, it’s as serious as it sounds! Unfortunately, this does mean I won’t be racing for the foreseeable future. But rest assured the second I’m able to, I’ll be back behind the wheel where I belong.” Macintyre credited his “amazing team” at Milton Keynes Hospital in Eaglestone, which is about 50 miles north of London.
Elite swimmer Archie Goodburn, 24, who vowed to keep fighting after being diagnosed with incurable brain cancer is given ‘new hope’ with breakthrough drug
September 17, 2025
An elite Scottish swimmer whose Olympic dreams were quashed by incurable brain tumours has been given a ‘new hope’ thanks to a breakthrough drug. Archie Goodburn, 24, bagged bronze in the men’s 50m breaststroke at the World Junior Swimming Championships in Hungary in 2019. He had dreams of representing Great Britain as a swimmer in the 2024 Paris Olympics – but his hopes were brought to a screeching halt when he began to experience unexplained seizures. And in May 2024 his ‘worst fear’ materialised when he was diagnosed with three large oligodendrogliomas – a rare form of diffuse and progressive brain cancer – which are inoperable. Originally, he was told chemotherapy or radiotherapy were the only options to slow down the tumours’ progression. But now a daily tablet could offer him an alternative to the gruelling side effects of traditional treatment. Trials have shown Vorasidenib doubles survival time from 11 to 28 months, and now the swimmer is calling for it to be available across the NHS. After becoming eligible two months ago, the athlete has been taking it as part of a compassionate access scheme. Now, Goodburn hopes to take part in the Commonwealth Games next year in Glasgow to represent his country in the 50m backstroke. The athlete, who trains 11 times a week, is also undertaking a chemical engineering master’s degree at Edinburgh University with a focus on cancer drugs.
Former Banbury MP reveals ‘aggressive cancer’ diagnosis
September 13, 2025
A former Oxfordshire MP has revealed how she has ‘aggressive cancer’, speaking in the House of Lords on the assisted dying bill. Victoria Prentis [54] spoke on the Bill and told the House about her recent diagnosis. Baroness Prentis said: “I have recently been diagnosed with aggressive cancer and my treatment starts this week. My prognosis is excellent. I have every advantage. I have a strong faith, I have a loving family, I have an interesting workplace, good colleagues and a supportive community and enough money and underlying good health. And indeed excellent treatment. But there have been some very low moments in the past few weeks when I have realised the burden I am to my family who are currently arguing who should take next week off to look after me. My concern is about watching them, watching me suffer. As well as my own fear frankly of pain and loss of control.”
Ex-Premier League star, 52, in palliative care after being diagnosed with two terminal illnesses as family make plea
September 12, 2025
A former Premier League goalkeeper has been diagnosed with two terminal illnesses and is now receiving palliative care. Russell Hoult’s family confirmed the ex-Derby County and West Brom star is suffering with primary sclerosing cholangitis and stage four bile duct cancer. A decade after the dad-of-two retired in September 2023, he was diagnosed with primary sclerosing cholangitis (PSC). Then in August 2024, the family were dealt a second “devastating” blow saying he also has stage four bile duct cancer. Hoult’s daughter Kayleigh, 24, said on a Just Giving page for her dad: “We’ve been told that both conditions are terminal, and Dad is now receiving palliative care — something that’s incredibly hard for us as a family to come to terms with.”
IRELAND
Gareth O’Callaghan’s wife Paula reveals cancer diagnosis: ‘I’m ready to fight’
September 11, 2025
Gareth O’Callaghan’s wife Paula has shared that she has been diagnosed with cancer. Paula, who tied the knot with Gareth in 2020, revealed that she is battling Leukaemia and is ready to “fight and learn more” about the illness. The news comes as Paula has helped radio presenter navigate health challenges of his own in the last few years. Gareth, who works on Classic Hits FM and previously on 2FM, previously described Paula as his “rock” following his diagnosis of incurable neurodegenerative illness, Multiple System Atrophy (MSA).
No age reported.
Jennifer Wrynne reveals how her four young children gave her strength after cancer diagnosis
September 19, 2025
Jennifer Wrynne has revealed that being strong for her children has given her strength and focus after being diagnosed with breast cancer. The popular fashion influencer was diagnosed with breast cancer at just 36, and only weeks after welcoming her fourth child, after she discovered a lump by chance, in what initially seemed like a harmless side effect of being recently postpartum. Luckily Jennifer revealed her diagnosis is very treatable and she is embarking on a year long treatment plan. And while she admits she is nervous for the coming months, her four children have been a wonderful source of distraction. “Luckily the diagnosis for me, it’s good. You know, it is not great to be in this situation, but it is going to be fine”, she added.
Manchán Magan discusses terminal cancer diagnosis in heartbreaking RTÉ interview
September 15, 2025
Writer Manchán Magan revealed he may only have months remaining as his cancer has “suddenly taken a turn”. The broadcaster, 55, received a prostate cancer diagnosis in 2023 and the disease has now spread to his lungs, brain and liver. During a chat with Brendan O’Connor on RTÉ Radio 1, he explained: “For some reason, there hasn’t been much despair, there hasn’t been much ‘Why me? Why me?’ I don’t know why. There’s a lot of pain, even despite all the Oxycodone or whatever painkillers I’m on. It’s a lovely thing to know that I can plan my last few… is it months or years? We might get a year or two, and we’ll definitely get another few months.” The Ninety-Nine Words for Rain writer is presently undergoing treatment at Dublin’s St James’ Hospital, and remains determined to maintain his creative output, reports the Irish Mirror.
DR PAUL ALEXANDER
Breaking! POTUS Trump preps the US military for strikes INSIDE of Venezuela, developing! Caribbean is on watch now! U.S. preparing options for military strikes on drug targets inside Venezuela, source
says; President Donald Trump has not approved any action yet, and the U.S. and Venezuela are talking through Middle Eastern intermediaries, sources told NBC News. Caribbean nations e.g. Trinidad drug
| Dr. Paul AlexanderSep 27 |
lords best be on guard…I warned you, POTUS Trump is coming for you, all across the Caribbean…for all the US lives lost and to stop your movement of drugs into the USA…Syrian drug lords in Trinidad, those in Jamaica etc., be warned.
I need those trans-shipping drugs from Latin America into Trinidad and Jamaica and other islands, Syrian, Indian etc. drug lords, financiers, all in the Caribbean governments involved, to understand this, USA and Trump and Rubio will authorize strikes inside the island nations. The plans being discussed…involve ‘drone strikes against drug trafficking groups’ members and leadership, as well as targeting drug labs, the four sources said.’
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.
‘By Courtney Kube, Gabe Gutierrez and Katherine Doyle
WASHINGTON — U.S. military officials are drawing up options to target drug traffickers inside Venezuela, and strikes within that country’s borders could potentially begin in a matter of weeks, four sources told NBC News.
Those sources are two U.S. officials familiar with the planning and two other sources familiar with the discussions. They spoke on the condition of anonymity because they were not authorized to discuss the plans publicly.
Striking inside Venezuela would be another escalation in the Trump administration’s military campaign against alleged drug targets and its stance toward Venezuela’s government.’
___
You must not wait for another catastrophic crisis (at times manufactured but we are prevented from making our own basic personal decisions or accessing needed drugs and response tools) to catch you off-guard. We must take charge and be prepared today so that we can enjoy peace of mind tomorrow.
NEWSADDICTS
NEWSWIZE
| FBI fires agents seen kneeling in iconic photo during George Floyd protests five years ago – EVOL |
| Read more… |
| JUST IN: AG Pam Bondi activates Joint Terrorism Task Forces across country to identify, disrupt, and investigate domestic terrorist activity as far-left attacks on ICE rage on – EVOL |
| Read more… |
| MUST-WATCH: New Surveillance Footage of Dallas ICE Shooting Shows Heroic Agents Helping Detainees Amid Barrage of Bullets – EVOL |
| Read more… |
EVOL NEWS
| LATEST NEWS: |
| BREAKING: Tyler Robinson, Charlie Kirk’s Assassin, Made Contact With Police Officer Near Rifle Stash – EVOL |
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| U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says – EVOL |
| Read more… |
| FBI had 275 plainclothes agents embedded in Jan. 6 crowds, congressional source says – EVOL |
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| Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets – EVOL |
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MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
Rabobank: We Are Witnessing Complete Breakdown Of The Liberal Economic Order
Monday, Sep 29, 2025 – 02:00 PM
By Benjamin Picton, senior market strategist at Rabobank
YOUNGSTOWN ON THE RUHR
US equity markets rallied and short-end yields fell on Friday following a benign PCE price index report for the month of August. Both headline and core PCE printed in-line with expectations at 2.9% and 2.7% respectively, but month-on-month disinflation for both durable and non-durable goods saw core inflation fall on a monthly basis for a second straight month and perhaps calmed some market nerves over the impact of tariffs on inflation.
OIS futures now imply a further 44bps worth of cuts to the Fed Funds rate in 2025, compared to 39bps prior to the release of the PCE figures. Gold prices are rallying to new all-time-highs again and the VIX index had its biggest one-day fall in five weeks.
Along with the encouraging inflation figures, personal incomes rose faster than expected and growth in personal spending accelerated from the prior month to rise by 0.6%. This dynamic perhaps underlines the upward revisions to the Q2 GDP growth figures released the previous day, where faster growth was mainly propelled by upgrades to personal consumption.
Faster growth coinciding with relatively benign inflation creates an interesting setup as we run into jobs week. Initial jobless claims printed below consensus estimates for a second-straight week last Thursday, but recent payrolls data has seen the pace of hiring drop sharply and – as Fed Chair Powell pointed out last week – the pace of job creation seems to be running below the rate required to hold the unemployment rate steady at 4.3%.
Powell has been saying that the risks to inflation are tilted to the upside while the risks to employment are tilted to the downside. In a word, what he is describing is stagflation, but the White House and newly-minted Fed Governor Stephen Miran disagree and see risks to growth and employment as far more pressing than upside risks to prices. Miran argued last week that the neutral Fed Funds rate has fallen to somewhere around 2.5% because of changes to net immigration patterns and fiscal policy. He says that if the Fed fails to cut interest rates it will fail to achieve its employment mandate.
The University of Michigan consumer sentiment report released late last week provided some interesting perspective on economic pain points from households. Overall sentiment fell from a preliminary reading of 55.4 to 55.1. Current conditions and consumer expectations both softened, as did 1-year ahead and 5-10 year inflation expectations. The mean percentage of respondents expecting family income to exceed inflation rose slightly while sentiment surrounding employment fell. Overall, the message seems to be that consumers are concerned by inflation AND job prospects (so, stagflation), but more concerned about jobs than inflation.
This week will be important for shoring up market judgements about where the balance of risks lays between the price stability mandate and the employment mandate. 2.7% inflation is quite a bit higher than the 2% target, but the Fed has already cut interest rates four times – including a 50bp cut in September last year. Does this suggest that – like the household sector – the FOMC is also more sensitive to labor market deterioration than they are to stubbornly high inflation?
Of course, inflation missing the target by a few tenths of a percentage point might seem like small beer compared to the changes currently underway in geopolitics and geoeconomics. This Daily has been quite open for years that we see what is happening as a complete breakdown of the liberal economic order, because that order had failed to address compounding imbalances between and within economies that were always going reach a breaking point at some stage. It appears that the fraying of the social fabric in many Western countries is sufficiently advanced for that breaking point to have been reached, and we are now experiencing an abrupt shift towards mercantilist economics as advocated by political populists and, increasingly, by reluctant former liberal-centrists who now see this issue as existential for their own political survival.
To illustrate, erstwhile free trade evangelists at the European Commission are reportedly considering new tariffs to discourage Slovakia and Hungary from buying Russian energy and thereby funding the Russian war machine. Donald Trump called Europe out over those ongoing purchases at the UN last week and said that he was willing to impose tariffs of 50-100% on buyers of Russian energy if NATO allies were willing to do the same. This would effectively mean a common tariff against China who, along with (already tariffed) India is the major buyer of Russian energy.
In a similar move, Handelsblatt recently reported that the EU plans to impose tariffs of 25-50% on Chinese steel and steel-related products within the next few weeks while simultaneously imposing local content rules for public contracts. This is not just protectionism, but economic statecraft that seeks to secure European interests vis-à-vis China, who – after having practiced mercantilist economics for decades – now produces more than half of the world’s steel output and has shown plenty of willingness to use supply chain dominance to coerce other economies (via rare earths, notably).
Steel is seen as a strategic good where domestic production is critical for national security, but also critical for working class identity and economic security. Donald Trump articulated this bluntly when he said “if you don’t have steel, you don’t have a country”. Bruce Springsteen (not a Trump fan) articulated it more lyrically in ‘Youngstown’ when he sang:
“Well my daddy come on the Ohio works,
When he come home from world war two,
Now the yards just scrap and rubble,
He said, “Them big boys did what Hitler couldn’t do”,These mills they built the tanks and bombs,
That won this country’s wars,
We sent our sons to Korea and Vietnam,
Now we’re wondering what they were dyin’ for.”
Having obviously sensed the shifting geopolitical and geoeconomic winds, EU Industry Commissioner Stéphane Séjourné told Handelsblatt “Europe has no choice but to find a new balance… fewer trade barriers at home, with a single market that really works, [but also] protective measure to restore balance with partners who no longer respect any rules at all.”
So, free trade within the bloc, but not outside of it. That sounds an awful lot like the old British Empire system of Imperial Preference, or the USMCA under an updated Monroe Doctrine…
More in the full note
end
7. OIL ISSUES/NATURAL GAS/ENERGY ISSUES/GLOBAL
Iraq To Restart Kurdistan Oil Exports On September 27
Friday, Sep 26, 2025 – 10:15 PM
By Tsvetana Paraskova of OilPrice.com
Exports from the semi-autonomous region of Kurdistan will resume on Saturday, September 27, following agreements reached between Iraq’s federal government, the Kurdistan Regional Government, and a group of international oil companies, Norway-based oil producer DNO ASA said on Friday.
However, DNO, one of the major foreign producers in Kurdistan, will not ship its crude directly to the Iraq-Turkey pipeline to the Turkish Mediterranean port of Ceyhan.
Instead, DNO will deliver the Kurdistan Regional Government’s share of sales from the company’s operated Tawke license, currently averaging 38,000 barrels per day (bpd), for export. The balance of the oil, representing the share of sales the foreign contractor group consisting of DNO and Genel Energy International Limited, currently averaging 30,000 bpd, will continue to be sold to local buyers under existing contracts.
DNO ASA and British Genel Energy have refused to sign the deal reached by the federal government, KRG, and the other oil companies until the Kurdistan Regional Government provides guarantees that they will receive the money it owes them.
“DNO is pleased that exports of oil from the Kurdistan Region have been unlocked and will now flow to international markets,” said DNO executive chairman Bijan Mossavar-Rahmani.
“We have elected not to engage directly in exports at this time and will continue to sell our oil on a monthly, cash-and-carry, basis to our buyers at a per barrel price in the low USD 30s,” he added.
Oil exports from Kurdistan have been halted for two and a half years, after they were shut in in March 2023 due to a dispute over who should authorize the Kurdish exports.
The resumption of flows on September 27 is expected to add about 230,000 bpd of oil from Kurdistan to the international market.
Additional supply from Kurdistan is set to hit the oil market at a time when analysts, forecasters, and traders expect oversupply to start building with the end of the peak summer demand season.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES
NIGERIA
Bill Maher’s Unexpected Rant Targets A Crisis Ignored By The Media
by Tyler Durden
Monday, Sep 29, 2025 – 07:20 AM
Via VigilantFox.com,
Something terrible is happening in Nigeria, and too few Americans, even Republicans, know it exists.
For years, Nigeria has been one of the most dangerous countries in the world to be a Christian. Radical groups like Boko Haram and Fulani militants have waged relentless campaigns of terror, massacring villages, kidnapping women and children, and destroying churches.
According to leading human rights groups, over 15 million Christians have been displaced since 2009, tens of thousands killed, and more than 19,000 churches burned to the ground. Survivors describe a systematic attempt to erase Christianity from vast regions of the country.
Despite these staggering numbers, the story rarely breaks into Western headlines, and the silence has left millions unaware of the scale of the crisis.
However, that chilling reality got exposed on Bill Maher’s show on Friday.
Maher, a proud atheist, had a surprising moment on air when he called out this slaughter of Christians that the media ignores.
“If you don’t know what’s going on in Nigeria, your media sources SUCK,” Maher said bluntly.
“You are in a BUBBLE. I’m not a Christian, but they are systematically killing the Christians in Nigeria,” he continued.
“They’ve killed over 100,000 since 2009. They’ve burned 18,000 churches… They are literally attempting to wipe out the Christian population of an entire country.”
Pointing to the focus on Gaza, Maher asked, “Where are the kids protesting this?”
His diatribe drew a huge applause from the crowd, and a big thank you from Rep. Nancy Mace (R – South Carolina) for putting a spotlight on the crisis.
“Absolutely,” Maher responded.
For once, this story got the attention it deserved. And it took a classic liberal like Bill Maher — not the media — to put a spotlight on one of the greatest humanitarian crises of our time.
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO/USA: 1.1719 UP 0.0023 PTS OR 23 BASIS POINTS
USA/ YEN 148.53 DOWN 0.865 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//JAPAN IN TROUBLE WITH RISING RATES
GBP/USA 1.3438 UP .0048 OR 48 BASIS PTS
USA/CAN DOLLAR: 1.3919 DOWN 0.0008 (CDN DOLLAR UP 8 BASIS PTS//CDN DOLLAR GETTING KILLED)
Last night Shanghai COMPOSITE UP 34.43 PTS OR 0.90%
Hang Seng CLOSED UP 494.68 PTS OR 1.89%
AUSTRALIA CLOSED UP 0.76%
// EUROPEAN BOURSE: ALL MIXED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL MIXED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 494.68 PTS OR 1.89%
/SHANGHAI CLOSED UP 34.43 PTS OR 0.90%
AUSTRALIA BOURSE CLOSED UP 0.76 %
(Nikkei (Japan) CLOSED DOWN 311.24 PTS OR 0.69%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 3814.85
silver:$46.87
USA dollar index early MONDAY morning: 97.83 DOWN 19 BASIS POINTS FROM FRIDAY’s CLOSE
MONDAY MORNING NUMBERS ENDS
And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.148% DOWN 3 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +1.648% UP 1/3 FULL POINTS AND 0/100 BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.121 DOWN 4 BASIS PTS//DEADLY
SPANISH 10 YR BOND YIELD: 3.293 DOWN 3 in basis points yield
ITALIAN 10 YR BOND YIELD 3.587 DOWN 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.7265 DOWN 2 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY THURSDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.1748 UP 0.0053 OR 53 basis points
USA/Japan: 148.54 DOWN 0.905 OR YEN IS UP 91 BASIS PTS//
Great Britain 10 YR RATE 4.7160 DOWN 4 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.528 DOWN 3 BASIS POINTS.
Canadian dollar DOWN 0009 OR 9 BASIS pts to 1.3929
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY UP AT 7.1195 CNY ON SHORE ..
THE USA/YUAN OFFSHORE DOWN TO 7.1250
TURKISH LIRA: 41.58 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
the 10 yr Japanese bond yield at +1.648 UP 1/3 basis pts
THE 30 YR JAPANESE BOND YIELD: 3.121 DOWN 4 basis pts
Your closing 10 yr US bond yield DOWN 3 in basis points from FRIDAY at 4.157% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.730 DOWN 4 in basis points /11:00 AM
USA 2 YR BOND YIELD: 3.639 DOWN 2 BASIS PTS.
GOLD AT 11;00 AM 3826.90
SILVER AT 11;00: 46.97
Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates:MONDAY CLOSING TIME 11:00 AM//
London: CLOSED UP 15.01 PTS OR 0.10%
GERMAN DAX: UP 5.59 pts or 0.02%
FRANCE: CLOSED UP 10.19 pts or 0.13%
Spain IBEX CLOSED DOWN 34.10pts or 0.22%
Italian MIB: CLOSED DOWN 91.83 or 0.22%
WTI Oil price 63.92 11.00 EST/
Brent Oil: 68.32 11:00 EST
USA /RUSSIAN ROUBLE /// AT: 83.80 ROUBLE UP 0 AND 57/ 100
CDN 10 YEAR RATE: 3.184 DOWN 4 BASIS PTS.
CDN 5 YEAR RATE: 2.753 DOWN 2 BASIS PTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.1730 UP 0.0034 OR 34 BASIS POINTS//
British Pound: 1.3436 UP .0036 OR 36 basis pts/
BRITISH 10 YR GILT BOND YIELD: 4.6970 DOWN 4 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.514 DOWN 5 IN BASIS PTS.
JAPAN 10 YR YIELD: 1.641 DOWN 3/10 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.111 DOWN 4 AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 148.39 DOWN 0.852 BASIS PTS EXTREMELY DANGEROUS/YEN FALLING IN VALUE
USA dollar vs Canadian dollar: 1.3918 DOWN 0.0002 PTS// CDN DOLLAR UP 2 BASIS PTS CDN DOLLAR FALLING OUT OF BED!
West Texas intermediate oil: 63.18
Brent OIL: 67.62
USA 10 yr bond yield DOWN 4 BASIS pts to 4.145
USA 30 yr bond yield DOWN 6 PTS to 4.709%
USA 2 YR BOND: DOWN 3 PTS AT 3.638%
CDN 10 YR RATE 3.195 DOWN 4 BASIS PTS
CDN 5 YEAR RATE: 2.749 DOWN 4 BASIS PTS
USA dollar index: 97.59 DOWN 23 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 41.57 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 82.70 UP 0 AND 67/100 roubles //
GOLD $3828.90 . (3:30 PM)
SILVER: 46.85 (3:30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 68.78 OR 0.15%
NASDAQ 100 UP 167.50 PTS OR 0.44%
VOLATILITY INDEX 16.10 UP 0.81 PTS OR 5.30%
GLD: $ 352.46 UP 5.72 PTS OR 1.65%
SLV/ $42.50 UP 0.63 PTS OR OR 1.52%
TORONTO STOCK INDEX// TSX INDEX: CLOSED UP 210.74 PTS OR 0.71%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
Stocks Go Nowhere Ahead Of Government Shutdown As Gold Soars To Record
WRAP UP FOR THE DAY:
DATA RELEASES
DALLAS FED:
Dallas Fed Respondents Turn Apocalyptic Amid Trump Push To Hammer Oil Prices
by Tyler Durden
Monday, Sep 29, 2025 – 02:40 PM
Just when it seemed that the Dallas Fed Manufacturing Activity index was set to emerge from its contractionary mire, having printed contractionary (i.e., sub zero) for much of 2025 until finally emerging into expansion in July with a modest 0.9 print, it has since resumed its slide dropping to -8.7 in September, from a -1.8 in August, and well below the median estimate of a -1.0 (which would have been an increase from August).
What happened? As the next table shows, there was a uniform deterioration across virtually every indicator, starting with New Orders, Shipments, Delivery times, Inventories and going all the way down to Prices for Finished Goods, Employment and Hours worked. In fact the only indicator that posted an improvement from August was Wages and Benefits, which at 15.9 (up from 15.4) is still below the series average of 21.0
So what changed and why did the mood deteriorate rapidly once more?
For the answer straight from the horse’s mouth we present you with the always entertaining comments from the respondents which speak for themselves and hardly need commentary, suffice it to say that the locals are hardly delighted with either tariffs, high interest rates, falling demand or general economic malaise, which is to be expected from a regional Fed that is largely dependent on the US energy industry (read Texas shale) which in turn has been crippled by Trump’s demands to keep oil prices as low as possible if not lower, and has hammered the US oil E&P industry.
Computer and electronic product manufacturing
- I may have to close the company. Orders have stopped coming in, and we do not know why.
Fabricated metal product manufacturing
- Orders have been put on hold, and we are not receiving any new [purchase orders] since Aug. 15 on open RFQ’s [requests for quotation].
Food manufacturing
- Political and interest rate instability are killing us. We are fortunate that our raw ingredients are stable by price and supply chain availability. The non-profit food relief “business” is a train wreck.
- We are still concerned over employment and labor issues.
- Furniture and related product manufacturing
- We are seeing demand decline.
Machinery manufacturing
- We see the oil industry slowing and are more hesitant to invest in their business. We believe that the uncertainty of government decisions is affecting their business decisions, which in turn will affect our business.
- We should have our best month of the year in September. Orders are strong, plus we are working on some good new projects.
- Relief! Rates are easing, finally. Tariffs are of little consequence. Labor is steady. We might even turn a profit by year-end!
Nonmetallic mineral product manufacturing
- After careful evaluation of prevailing economic conditions, including the current level of interest rates and unpredictability of tariffs, our company continues to hold and not proceed upon our expansion plans. The cost of financing at existing rates has materially impacted the feasibility of these projects, and we believe it is prudent to delay implementation until interest rates are reduced to more sustainable and affordable levels.. We remain committed to our operations in Texas and to continued long-term growth. However, further expansion (building addition, inventory expansion, capital equipment acquisition) will be contingent upon a more favorable borrowing environment that supports capital investment and job creation.
- The interest rates for mortgages are keeping potential new homeowners out of the market. Homebuilders do not want to build up excess inventory, and therefore our business of producing materials for homebuilders has dropped off significantly. In addition, roughly 30 percent of buyers are falling out of the homebuying process due to inability to qualify for mortgages (credit card debt).
Paper manufacturing
- We are still neutral on our current status, but incoming orders are trending down when this time of year they should be up. A few tariff surcharges are starting to show up, but not enough to try to pass along. Competition in the packaging industry has prices declining somewhat.
Printing and related support activities
- We need interest rates to fall more than a quarter percentage point.
- Incoming orders have definitely slowed way down, and all we can attribute it to is the crazy tariff-induced environment we are living in. Instead of Washington, D.C. policies increasing business and making it better, they seem to be adding way too much uncertainty and making things worse. We have continued to be busy because of robust incoming orders earlier in the summer. If things don’t change quickly, we may soon be looking at reducing hours and possibly cutting back on the number of employees, which will be a shame given how hard it is to get good workers up to speed with your manufacturing processes.
Transportation equipment manufacturing
- The trucking industry has now reduced its production forecast for 2026 to essentially be flat with 2025. This remains at a depressed level versus industry averages.
ECONOMIC COMMENTARIES FOR TODAY
a must read: the dequence of events that will occur!!
The Smuggery
by Tyler Durden
Saturday, Sep 27, 2025 – 10:30 AM
Authored by James Howard Kunstler,
Days Of Judgment
“If you want a friend in DC, get a dog. We’re coming for you.”
Dan Bongino, Deputy Director, FBI
You better believe Martha Stewart baked a cake last night — the lovely Gâteau Opéra perhaps? — when she got the news that the ham sandwich known as James Comey got indicted by a federal grand jury twenty-two years after that same ham sandwich indicted the goddess of hearth and home for lying to the FBI and the SEC over a trumped-up insider-trading rap, and sent her to federal prison for a five-month stretch plus five additional months of confined home-making and two years of supervised redecorating.
Mr. Comey’s indictment is probably just the opening salvo in what will be a barrage of indictments coming down against government officials who used their powers-under-law to harass, disable, cancel, dis-bar, bankrupt, persecute and ruin thousands of their fellow citizens, including especially the 45th president and the people who worked for him.
Jim Comey was the engine who pulled the choo-choo train of seditious fakery known as RussiaGate (Donald Trump colluding with Vladimir Putin) into America’s public life, which then expanded into the years-long ass-covering operations of the Mueller Investigation, then Impeachments One and Two, then the J-6 FBI-engineered “insurrection,” then Nancy Pelosi’s Congressional J-6 committee gong show, and then the four various fugazi prosecutions against Mr. Trump in 2024 designed to derail his re-run for office, bankrupt his family, and stuff him in prison for the rest of his life.
Mr. Comey and his associates must be astounded that none of that worked. It really was a mighty organized criminal endeavor. And, as such, it stands to be prosecutable under the RICO statutes, which means that these current two charges against Mr. Comey should be a preview of attractions to come against him and many other familiar characters, possibly including his successor as FBI Director Christopher Wray. (The Blaze reports overnight that the FBI deployed roughly 275 plainclothes agents into the J-6 protest crowd at the US Capitol, as opposed to the 26 agents that Mr. Wray testified about to Congress.)
The smuggery of this gang in the years since all this business started in 2016 has also been out of this world. Mr. Comey dropped one rancid video after another either making threats or sanctimoniously declaring his sainthood, as if he expected the dreadful day would never come that he might face charges. Likewise, former Acting FBI Director Andrew McCabe ran his mouth all over CNN for years, former CIA Director John Brennan spun fibs on MSNBC, while FBI RussiaGate straw-boss Peter Strzok rode shotgun regularly with fake news confabulator Rachel Maddow. All of it was designed to bamboozle the public, and it worked!
You can expect more than one RICO case to come because these crimes against our country occurred in many discrete episodes of organized misconduct over many years. The RussiaGate op involving Comey, Clapper, Brennan, Hillary, Obama, Biden, et al., was quite separate from Adam Schiff’s orchestrated seditious Impeachment #1 featuring CIA mole Eric Ciaramella, Col. Alexander Vindman, and ICIG Michael Atkinson. As was the activity of the Mueller group actually supervised by Andrew Weissmann (because Robert Mueller was secretly non compos mentis). As were the J-6 shenanigans of Mr. Wray’s FBI, including the DNC Pipe Bomb sideshow. As were the Lawfare exploits of Norm Eisen and Mary McCord conniving with “Joe Biden’s” White House to arrange the Trump prosecutions by DA Alvin Bragg and AG Letitia James in New York and DA Fani Willis in Fulton County, GA. As were the dark deeds of Merrick Garland and his Special Counsels Jake Smith, David Weiss, and Robert Hur. As were the 2020 and 2022 election-rigging capers of Marc Elias & Company. As were whatever peculiar directives were ordered by Alejandro Mayorkas to throw the US borders wide open. As were the “autopen” abuse by the White House staff and their cover-up of “Joe Biden’s” mental decline.
All of these vile pranks would have to be prosecuted in separate packets of cases. You might think it’s just too much for this Department of Justice, and that the three remaining years of Trump 2.0 are not enough time for so much action. But they represent extremely serious breaches of official duty verging on treason. There are probably aspects of it all and additional characters involved whom I have left out. They have gravely injured our country and turned us against each other. Their prosecutions will be heavy lifting, but it has to be done.
One prediction I’ll venture. Jim Comey’s defense will be based on “altitude sickness.”
end
PORTLAND
Trump Authorizes ‘Full Force’ In Portland As Bondi Deploys Anti-Antifa Nationwide
Saturday, Sep 27, 2025 – 02:35 PM
The Trump administration has responded to recent attacks on US Immigration and Customs Enforcement (ICE) by directing AG Pam Bondi to deploy DOJ agents to ICE facilities and “wherever” federal immigration officers are “under siege.”
This includes ordering Defense Secretary Pete Hegseth to send US troops to Portland to ‘protect the city’ and ICE facilities from antifa and other “domestic terrorists.”
The move follows Trump signing an executive order last week to formally designate antifa a domestic terrorist organization – which gives the US government a broad mandate to probe the anti-fascist movement’s operations, along with instances where an antifa member “provided material support.”
As an aside, we would advise a scalpel vs. a hammer. More on that in closing remarks..
Bondi took to X to explain what’s going on;
“I have witnessed the continued onslaught of violence perpetrated against ICE officers across our country. The Department of Justice will not stand idly by in the face of such lawlessness,” Bondi wrote. “At my direction, I am deploying DOJ agents to ICE facilities—and wherever ICE comes under siege—to safeguard federal agents, protect federal property, and immediately arrest all individuals engaged in any federal crime.”
She continued:
Pursuant to President Trump’s recent executive action, I am also instructing the Joint Terrorism Task Forces across the country to disrupt and investigate all entities and individuals engaged in acts of domestic terrorism, including the repeated acts of violence and obstruction against federal agents. The Department of Justice will seek the most serious available charges against all participants in these criminal mobs, including conspiracy offenses, assault offenses, civil disorder offenses, and terrorism offenses. While these never-ending attacks are designed to break our will, they only strengthen our resolve to complete the work begun. To that end, I have directed the FBI, DEA, ATF, and USMS to accelerate our efforts alongside the Department of Homeland Security to locate, apprehend, detain, prosecute, and remove all illegal aliens present in our country. The rule of law will prevail.
Bondi’s post comes just days after a sniper attack at a Dallas ICE facility that killed two migrants and critically injured another.
Stephen Miller, the White House deputy chief of staff for policy, Bondi’s post, noting that “Assets mobilizing. This campaign of terrorism will be brought down.”
The latest attacks mark a continuation of political violence fueled by far-left activist groups – some funded by dark-money NGOs.
Some of these orgs are carrying out attacks on ICE agents and facilities nationwide.
Portland
Trump, meanwhile, announced on Saturday that he’s sending US troops to Portland to “protect” the city and ICE facilities.
“At the request of Secretary of Homeland Security, Kristi Noem, I am directing Secretary of War, Pete Hegseth, to provide all necessary Troops to protect War ravaged Portland, and any of our ICE Facilities under siege from attack by Antifa, and other domestic terrorists,” Trump wrote on Truth Social.
“I am also authorizing Full Force, if necessary,” Trump added.
Leftist groups notably declared “war against ICE” last week…
For some background on what the Trump administration is doing about leftist, NGO-funded violence;
In short, the administration has shifted from a defensive posture to the beginning innings of an offensive campaign against these NGOs, signaling that accountability and enforcement within the nonprofit sector are now viewed as mission-critical.
But of course, declaring war on armed radical leftists is likely to provoke an escalation in civil terrorism attacks from the left.
- “Planning War Against Fascists” – Socialist Rifle Association Boasts 10,000 Members
- “War Against ICE”: Anarcho-Communist Website Calls For Mobilization Across U.S.
The decision to nuke USAID earlier this year marked a starting point (the now-defunded agency was funneling money to radical groups under Biden); the next phase will target the donor class that funds this chaos.
Related:
- Soros Foundation Fires Back At NYT Report: We “Don’t Fund Terrorism”
- New Report Reveals Soros’ Open Society Funneled $80 Million To Pro-Terror Groups
- Dems’ NGO Empire Cracks: First Gates Foundation Dumps Arabella Network, Then The Atlantic Forced To Admit Left-Wing Terror
Final thoughts: Over the years we’ve all witnessed these organized ‘resist’ protests which spiral out of control, however the Trump administration needs to be careful – even though the left is clearly the violent party in America.
While the Biden administration and their network of deep state judges aggressively targeted anyone who even thought about approaching the Capitol on Jan. 6, or parents who resisted degenerate indoctrination in schools, or the entire first Trump administration, we can only imagine what the next Democrat president (God forbid) will use this as license for when it’s suddenly OK to send forces to deal with ‘domestic terrorists’ – which will of course be whoever they say they are. It won’t matter that the left – as we know, is committing the actual ‘terrorism’ when they routinely use the FBI to entrap the right & their media tentacles to sell it. Oh you like gun shows? (knock knock, KICK, bang)
end
ANOTHER GREEN ENERGY PROJECT BLOWS UP
Obama-Era Mojave Desert Solar Plant Once Hailed As A Marvel Will Close As A Glowing Relic
Monday, Sep 29, 2025 – 01:40 PM
Authored by Beige Luciano-Adams via The Epoch Times (emphasis ours),
LOS ANGELES—It is a familiar sight for revelers traveling Interstate 15 from Southern California to Las Vegas: In the final stretches of the Californian Mojave Desert, just before the Nevada border, there is little else interrupting the vast, Martian expanse aside from a near-abandoned border town and this glittering relic of California’s renewable energy boom.
A little more than a decade ago, the Ivanpah Solar Electric Generating System opened to great fanfare, with a $1.6 billion loan guarantee from the U.S. Department of Energy (DOE)—part of the Obama administration’s push to install green energy production on public lands—and a promise to help California meet its increasingly ambitious decarbonization goals.
At the time, it was the world’s largest solar plant, its nearly 4,000 acres covered in a blinding array of high-tech mirrors, arranged in supplication around three 450-foot towers. It nearly doubled the amount of solar thermal energy then produced in the United States, according to the DOE.
Originally, the project had an estimated operational life of 50 years, according to the final environmental impact statement. Its two buyers, Southern California Edison and Pacific Gas and Electric Company (PG&E), had purchase agreements through 2039.
Now, Edison has pulled out of its contract, and Ivanpah is set to close. The facility’s concentrating solar power (CSP) technology will likely be converted to a photovoltaic (PV) installation, a technology that experts say has outpaced CSP in terms of cost, efficiency, and versatility.
”To save money for our customers, Southern California Edison has agreed to stop buying electricity from the Ivanpah Solar Power Plant,” Jeff Monford, a spokesperson for the utility, told The Epoch Times. The decision, he said, has been an “ongoing negotiation among a few parties, including the owners of the plant and the Department of Energy.”
For-profit utilities have reason to fear customer revolt over soaring electricity prices. California has the second-highest in the country, after Hawaii, and is approving more rate hikes to compensate for fire safety, aging infrastructure, and demands on the grid.
PG&E announced in January that it would opt for a buyout of its contract. Both Edison and PG&E have cited cost savings and the superiority of PVs as reasons for pulling out of the project.
“Ivanpah was a landmark in renewable energy, but concentrated solar power can’t match today’s photovoltaic systems,” California Assemblyman Tom Lackey, a Republican who represents the area, told The Epoch Times.
“Unfortunately, technology does age out, and while it’s disappointing to see the facility close, I’m committed to supporting the workers and hopeful that plans to upgrade the site to photovoltaic solar come to fruition so it remains a clean energy asset for our region.”
In an email to The Epoch Times, California Energy Commission Chairman David Hochschild said the state remains on track to reach its 2045 decarbonization goals.
“Last year, we added a record 7,000 [megawatts] of new clean energy capacity with solar being the largest share of that,“ Hochschild said. ”Solar PV is the lowest cost resource on the market today, which explains why it has been the fastest growing energy industry in the world. And in the United States, over 80 percent of new energy last year came from solar.”
In 2010, when the plant’s construction began, California was still in the early phases of its Renewables Portfolio Standard program, initially established in 2002. It required that renewable resources provide 20 percent of the state’s electricity retail sales by 2017. Since then, progressive increases have brought the requirement to 60 percent by 2030 and 100 percent carbon freedom by 2045.
At the time, both investors and utilities were jumping into developing technology, diversifying to see what stuck.
Ivanpah’s CSP system uses hundreds of thousands of software-controlled mirrors that follow the sun and reflect it onto water-filled boilers atop three 450-foot towers. Sunlight heats the water and creates steam, which can then be piped into conventional turbines to generate electricity.
The technology had worked on a smaller scale in Europe, PG&E stated in its January announcement, and the early 2000s saw a surge of private investment in larger-scale CSP in the United States.
“It’s not clear in the early stages what technologies will work best and be most affordable for customers,” said Don Howerton, PG&E’s senior director of commercial procurement.
Ivanpah’s demise, according to him, is a normal outcome of the competitive evolution of technological development. Howerton pointed to the fact that PV and battery energy storage were once unaffordable at scale but now constitute a central part of the utility’s clean energy portfolio.
But others say the writing was on the wall from the start.
“It’s about 13 or 14 years too late,” Chris Clarke, executive director of the Desert Advocacy Media Network, told The Epoch Times, referring to the plant’s closure.
“Intelligent observers and investors knew at the outset that photovoltaic was going to be cheaper when Ivanpah was getting approved. It was a doomed project from the start.”
Before his current role, Clarke was environment editor at KCET TV in Los Angeles from 2011 to 2017, where he covered Ivanpah extensively. He pointed to European companies that had hoped to build with various solar technologies but went bankrupt because PV was already cheaper by the time Ivanpah was being proposed.
“As an experiment, I think it was probably worth doing somewhere, but I would’ve picked somewhere else, because that was an incredibly biologically diverse habitat that it replaced,” Clarke said.
Early boosterism heralded the “engineering marvel,” the future of clean energy “ready to shine,” and the “Hoover Dam of solar power.” But before the plant even went online, conservationists decrying the impact on endangered tortoises considered it “the emblem of harmful siting” in their growing battle against government-backed renewable energy development on public lands.
The project was a bipartisan bête noir, dogged by criticism from both right and left. Critics penned scathing takedowns of the “monstrosity,” and when PG&E in January announced that it would stop buying energy, climate-friendly observers said good riddance to “the world’s ugliest solar plant.”
In the planning process, critics accused those behind the project of engaging in a “bait-and-switch,” presenting the plant as a clean energy source when in fact it would function as a hybrid. But burning natural gas to supplement solar power to heat the boilers was part of the design, outlined in the Bureau of Land Management’s final environmental impact statement in July 2010.
The plant went from emitting more than 46,000 metric tons of carbon dioxide in its first year to emitting 68,676 metric tons in 2015. This was a nearly 50 percent increase, and far more than the 25,000-metric-ton threshold at which California mandates that power plants and factories participate in its Cap-and-Trade Program.
The threat to endangered tortoises, the plant’s proximity to a nature preserve, and reports that the mirrors were incinerating thousands of birds each year added to the controversy.
“Probably the longest lasting impact of construction of that plant, even after it’s decommissioned, even after it’s removed every last little scrap of rebar, was that old growth Mojave Desert habitat,” Clarke said.
Casualties, he said, include 900-year-old yucca trees and 60 or 70 different species of woody shrubs, as well as tortoises and various other animals such as owls, rattlesnakes, and insects.
“That was a habitat that will not grow back naturally because the climate is different than when it evolved,“ Clarke said. ”It just had immense ecological value. And that was removed for a project that, even if it had been wildly successful, would’ve had a 30-year shelf life. And you know, we’re at one-third of that now.”
Then there is performance.
According to a January analysis by the Free Enterprise Institute, a right-leaning think tank, the plant averaged about 702,322 megawatt-hours (MWh) of power annually from 2015 to 2023—substantially less than the 1 million MWh it was supposed to produce.
In 2024, the plant’s three units generated a total 696,585 MWh, according to federal data.
Ivanpah’s downfall, according to some industry observers, was not the CSP technology itself, but its use of water. It is not as efficient at storing or transferring heat as newer versions of the technology are. According to the CSP industry network SolarPACES, Ivanpah was the last CSP plant to lack energy storage, without which it could not dispatch solar energy on demand. To compensate, it used fossil fuels.
Ivanpah is a relic for more reasons than one. The era of renewable energy development on federal lands has come to a grinding halt.
The Interior Department recently announced that it is ending preferential treatment for “unreliable, subsidy-dependent” wind and solar energy, and that all decisions will now undergo “elevated review.” The shift aligns with President Donald Trump’s energy dominance agenda and his July 7 executive order ending “market distorting” subsidies and “foreign-controlled” energy sources.
On Sept. 24, the Trump administration announced that it was returning more than $13 billion in unobligated funds that had been appropriated to advance the previous administration’s “Green New Scam agenda.”
NRG Energy, one of the project’s biggest investors and the Ivanpah plant’s operator, did not respond to questions about a timeline or costs for decommissioning the site.
Neither NRG nor the DOE responded to questions about how much of the federal loans were recovered as both utilities finalized negotiations for terminating their power purchase agreements.
SOCIALISM EXPLAINED
(MISES)
If Socialists Actually Understood Socialism…
Monday, Sep 29, 2025 – 06:30 AM
Authored by Emric Egbert via Mises.org,
In light of recent developments in New York City, specifically on the recent primary elections and the emergence of self-described democratic socialist Zohran Mamdani as a potential mayoral candidate, as well as the increasingly aggressive public engagement of Bernie Sanders and Alexandria Ocasio-Cortez in their tour around the United States, and the fact that AOC’s chances of becoming the 2028 Democratic presidential nominee have doubled within one week, it has become clear to me that socialist rhetoric is gaining momentum in American political discourse.
This trend is further reflected in survey data from the Pew Research Center, which shows that approximately 36 percent of U.S. adults aged 18 to 29 now view socialism positively. In response to these developments, it is imperative to contribute to the proper education and clarification of what these socialists are actually advocating for, or even what true socialism truly advocates for.
Friedrich von Hayek, Nobel laureate and one of the most influential economists and political philosophers of the 20th century, once remarked, “If socialists understood economics, they wouldn’t be socialists.”
Building on his erudition, I would add: If socialists understood socialism, they wouldn’t be socialists.
The true definition of socialism is a social and economic doctrine that advocates for public, rather than private, ownership or control of property and natural resources—the means of production. It is both a political and economic system in which the means of production are owned and controlled collectively by the community or the state, rather than by private individuals. In other words, in practice, the means of production are controlled by a minority political elite.
Now, no matter whether an economic system is capitalist, socialist, or any other, it is important to note that the system itself is not a utopia or an end in and of itself, but a means to an end. Economic systems ration scarce resources, goods, and services, and each one does this through either a private or a social decision-making process, but only individuals can truly make decisions. Modern money economies operate on prices which reflect the value assigned by either individuals or groups, as well as supply and demand. However, who gets to decide what is supplied and what is demanded differs across these systems. Socialism claims that shared ownership will foster broader participation, leading to everyone sharing in the benefits. Although this is impossible, it remains the foundational argument.
Many socialists have bypassed the foundational principle of collective ownership of production and have instead jumped straight to demands for ownership or redistribution of the output of production. Production is seemingly taken for granted. This conceptual shortcut makes socialism seem like a dream economic system by avoiding what socialism really is.
Therefore, although many public and political arguments are made in the name of socialism, what is often advocated for is not true socialism. In reality, the debate has rarely centered on collective ownership of the means of production—such as the factories, tools, land, and capital that make production possible—but instead on ownership or control of the outputs of production (goods and services).
Simply put, many self-identified socialists are less interested in owning the means of production and more interested in claiming entitlement to what is currently being produced or the production that someone else already owns.
Thus, the economic system debate is rarely about who controls the means of production itself but rather about the redistribution of final goods and services.
This desire for control over what is produced—rather than the means of production itself—is evident in many policies, programs, and agendas often associated with socialism. These initiatives frequently call for “free” goods and services (although, in reality, nothing is ever truly free, as someone always bears the cost and goods must be produced).
Examples of such policies include socialized healthcare, public housing, state-owned utilities, welfare and unemployment benefits, rent control, and progressive taxation aimed at being provided by the redistribution of wealth. What these policies have in common is a focus, not on who owns or manages production, but on how the final outputs are distributed. This raises an important question: Are socialists really interested in the means of production?
The application and results of these socialist policies have proven otherwise. These so-called socialist policies do not truly advocate for the collective ownership of the means of production, but rather for control over the final products of production. The only “means” of production that is regularly targeted for redistribution is capital in the form of money, but even this is not desired for its own sake. What people ultimately seek is not money itself, but the actual outputs of production, or, put more plainly, the goods and services that money can buy. In this sense, many modern redistributive policies function, not by socializing production, but by reallocating its results.
A common argument made in defense of modern socialist policies is that there are too many multi-billionaires, and then there are the rest of us. The implication is that no one needs that much wealth and that it should be redistributed, often without regard for how that wealth was earned. Many have concluded that they somehow have an inherent personal right to someone else’s wealth. But I ask the same question Thomas Sowell asked many years ago: What is your “fair share” of what someone else has worked for? Further, Sowell has also said, “I have never understood why it is ‘greed’ to want to keep the money you have earned, but not greed to want to take somebody else’s money.”
In any case, let us entertain the socialist argument that wealth should be distributed. It is often framed as a moral critique of the “haves” and the “have-nots”—that those who have simply have too much, and that if only the have-nots had what the haves have, they too could be successful or “rich.” A common example involves a single parent struggling to meet basic needs, or a poor college student or recent graduate trying to get started, which is a sympathetic and often-used illustration of inequality. (Of course, this overlooks the universal reality that everyone has unmet needs to varying degrees, and that such needs are inherently subjective.)
Let us ask a more precise question: Do these single parents or recent college graduates want ownership of the means of production—the land, machinery, raw materials, and complex processes involved in creating goods and services? Or do they simply want more of the outputs—more goods, more services, more income—ideally provided at someone else’s expense? This is the crucial distinction. The socialist argument is not about democratizing production—it’s about redistributing consumption. And that is a fundamentally different conversation from what traditional socialism proposed initially.
Even when the argument shifts to wealth, the esteemed economist Thomas Sowell challenges its underlying premise, stating: “There is a crucial question as to whether the redistribution of income or wealth can actually be done, in any comprehensive and sustainable sense.” Sowell cites the expulsion of the Jews from Spain near the end of the 15th century. As often happens when a group is forcibly removed, the Jews were not allowed to take their material wealth with them. However, they carried with them something far more valuable—their skills, knowledge, and cultural capital. Over time, many of these Jewish communities rebuilt their lives and raised their standard of living wherever they resettled, particularly in the Netherlands. While Spain may have once benefited from the wealth that was left behind, it now lags behind most of its Western European peers in both GDP per capita and productivity.
This historical example illustrates a critical economic principle: you can redistribute existing wealth, but not necessarily the capacity to create wealth. Sowell also references a case study in Detroit, where policy and regulatory changes led to the departure of a significant portion of the city’s skilled population. Despite the factories, machines, and infrastructure being left behind, those who remained lacked the know-how to operate or maintain them effectively. As a result, the inherited wealth deteriorated. Sowell’s conclusion is clear: confiscated wealth eventually wears out, and those who inherit it without the capacity to use or sustain it will struggle to preserve it, let alone grow it. This is because redistributive efforts deter future innovation by signaling to potential wealth creators that they may not be allowed to retain the fruits of their labor.
This is what happens when people confuse money itself with capital—treating it as the part of production that can be redistributed—without recognizing that money only has value when there is something on the other side of the transaction to purchase. Wealth only has long-term value when it is combined with the entrepreneur’s knowledge, skills, time, risk-taking, and coordination. It is not money alone that drives production and wealth, but rather the combination of numerous other factors.
END
ANOTHER SHOOTING KILLING AT A CHURCH
MICHIGAN
At Least 2 Dead, 9 Wounded After Shooting At Michigan Church
Watch Live:
* * *
Update (1643ET):
The New York Post can confirm that the armed suspect who killed at least two people and wounded nine others at the Michigan Church of Latter-day Saints earlier today is 40-year-old Thomas Jacob Sanford.
Here’s more from NYPost:
Sanford, a US Marine veteran, according to his mom’s Facebook page, rammed his Chevy Silverado truck into the building before unleashing the assault on the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan, armed with a semi-automatic rifle.
An old Facebook post by Sanford’s mother says the gunman — who died at the scene in a shootout with cops — who served in Iraq from 2004-2008. Law enforcement sources confirmed that Sanford, from nearby Burton, Michigan, is the line suspect
At Least 2 Dead, 9 Wounded After Shooting At Michigan Church
Sunday, Sep 28, 2025 – 04:43 PM
Watch Live:
* * *
Update (1643ET):
The New York Post can confirm that the armed suspect who killed at least two people and wounded nine others at the Michigan Church of Latter-day Saints earlier today is 40-year-old Thomas Jacob Sanford.
Here’s more from NYPost:
Sanford, a US Marine veteran, according to his mom’s Facebook page, rammed his Chevy Silverado truck into the building before unleashing the assault on the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan, armed with a semi-automatic rifle.
An old Facebook post by Sanford’s mother says the gunman — who died at the scene in a shootout with cops — who served in Iraq from 2004-2008. Law enforcement sources confirmed that Sanford, from nearby Burton, Michigan, is the line suspect
Update (1528ET):
Michigan Church Shooting: Latest Details From Authorities
- At least two people were killed and nine others wounded in a shooting Sunday at the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan, police said.
- Authorities reported that the gunman slammed into the church with a mid-size truck during a service, opened fire, and then set a blaze that engulfed the building.
- Police said that more victims may be found once it is safe to re-enter the area.
- Officers exchanged gunfire with the suspect, killing him. He was identified as a 40-year-old man from Michigan, but no name has been released, nor has an official motive been disclosed.
- Shooting comes as members mourned the death of Russell M. Nelson, the president of the Church of Jesus Christ of Latter-day Saints.
- Grand Blanc Township Police Chief said authorities will execute a search warrant at the suspect’s residence and comb through cell records to “find out if there was a motive.”
- The FBI has allocated “100 agents to the area” to help get statements from witnesses.
- Trump calls the incident a “yet another targeted attack on Christians.” Top Trump officials have released statements.
Via Tony Seuga…
* * *
* * *
Update (1528ET):
Michigan Church Shooting: Latest Details From Authorities
- At least two people were killed and nine others wounded in a shooting Sunday at the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan, police said.
- Authorities reported that the gunman slammed into the church with a mid-size truck during a service, opened fire, and then set a blaze that engulfed the building.
- Police said that more victims may be found once it is safe to re-enter the area.
- Officers exchanged gunfire with the suspect, killing him. He was identified as a 40-year-old man from Michigan, but no name has been released, nor has an official motive been disclosed.
- Shooting comes as members mourned the death of Russell M. Nelson, the president of the Church of Jesus Christ of Latter-day Saints.
- Grand Blanc Township Police Chief said authorities will execute a search warrant at the suspect’s residence and comb through cell records to “find out if there was a motive.”
- The FBI has allocated “100 agents to the area” to help get statements from witnesses.
- Trump calls the incident a “yet another targeted attack on Christians.” Top Trump officials have released statements.
Via Tony Seuga…
END
VICTOR DAVIS HANSON
KING NEWS
| The King Report September 29, 2025 Issue 7586 | Independent View of the News |
| @realDonaldTrump: Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. “IS BUILDING” will be defined as, “breaking ground” and/or “under construction.” There will…be no Tariff on these Pharmaceutical Products if construction has started… We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture. The reason for this is the large scale “FLOODING” of these products into the United States by other outside Countries. It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process… August Personal Spending 0.4% m/m, 0.3% expected, prior 0.4%; Income 0.6%, 0.5% expected & prior Aug PCE Price Index 0.3% & 2.7% y/y as expected; Core PCE 0.2% m/m & 2.9% y/y as expected Sept UM Sentiment 55.1, 55.4 expected & prior; Current Conditions 60.4, 61.3 expected, 61.2 prior; Expectations 51.7, 52 expected, 51.8 prior; 1-year Inflation 4.7%, 4.8% expected and prior; 5-10-year Inflation 3.7%, 3.9% expected and prior ESZs traded modestly higher in early Nikkei trading on Friday. After 19:00 ET, they waffled between modest gains and losses until the rally for the 3 ET European opening began near 2 ET. ESZs hit 6674.50 at 3:27 ET; the professional dump appeared; ESZs fell to 6657.00 at 5:03 ET. ESZs then traded sideways until the rally for the NYSE opening commenced near 8:30 ET. ESZs hit a daily high of 6703.75 at 9:58 ET. Pros then dumped; ESZs sank to 6657.25 at 10:25 ET. Near 10:45 ET on Friday, precious metals rallied smartly in early trading. The DJIA and DJTA rallied while Fangs/Mag 7 stocks were down. Bonds were up modestly; the dollar was down moderately. Oil and gasoline were up sharply. After a rebound to 6678.25 at 10:40 ET, ESZs retreat to 6658.50 at 11:15 ET. The manipulation for the 11:30 ET European close pushed ESZs to 6679.50 at 11:30 ET. ESZs then fell to 6663.75 at 12:00 ET. A robust Noon Balloon inflated ESZs to 6694.00 at 13:00 ET. After a retrenchment to 6686.25 at 13:55 ET, the Friday Afternoon Rally commenced. ESZs rallied to 6700.50 at 14:40 ET. Alas, too many traders are irrationally exuberant, and the weekend beckoned. ESZs fell to 6690.00 at 15:52 ET. The illegal late manipulation forced ESZs to 6699.25 at 16:04 ET. @FoxNews: TRUMP: “The radical left Democrats want to shut [the government] down.” “They want to shut it down because they want to give billions, ultimately trillions, of dollars to illegal migrants — people that came into our country illegally.” “These people are crazy — the Democrats. So if it has to shut down, it’ll have to shut down. But they’re the ones shutting down government.” https://x.com/FoxNews/status/1971588479998898208 All that glitters: Will the usual suspects that are typically short gold, naked or against something, try to manipulate gold for Q performance? Are there enough Hedge Fund (HF) gold longs that will try to manipulate gold higher for their Q3 report cards? Whatever happens for the end of Q3, the probability is high that traders will ‘shoot for the number,’ and it’s a glorious number (4000), in coming weeks. @theinformation: Nvidia is considering a new business model to sell its products to companies that may not be able to purchase the chips on their own. Under this model, Nvidia would lease its AI chips, a new approach for the company. Full story here: https://t.co/uOOB8iBWHx History shows that when companies become too dependent on financing their customers’ purchases, it’s only a matter of time before something very bad happens. You can ask GE! Positive aspects of previous session The DJIA jumped 299.97; the DJTA rallied 65.54 The NY Fang+ Index turned positive in the afternoon on Q3 performance manipulation. Negative aspects of previous session Fangs/ Mag 7 stocks turned negative after early trading. Precious metals rallied smartly; Silver hit its highest price since April 2011; Platinum hit a 12-yr high. USZs were +14/32 at 10:48 ET but sank to -11/32 at 12:12 ET and were -3/32 at the NYSE close. Ambiguous aspects of previous session How much more Q3 portfolio rebalancing is needed? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 6632.37 Previous session S&P 500 Index High/Low: 6648.97; 6604.4 Trump: Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS (NOT MIXED!), TAKE CHICKEN P SHOT SEPARATELY, TAKE HEPATITAS B SHOT AT 12 YEARS OLD, OR OLDER, AND, IMPORTANTLY, TAKE VACCINE IN 5 SEPARATE MEDICAL VISITS! President DJT Tylenol Maker Privately Admitted Evidence Was Getting ‘Heavy’ for Autism Risk in 2018 https://dailycaller.com/2025/09/26/scoop-internal-docs-tylenol-maker-janssen-autism-risk/ Reported on Friday night, the US is planning military strikes on Venezuelan drug cartels in Venezuela. @DrJStrategy: Powell and Cook are walking the Fed into a Constitutional Crisis. The Federal Reserve is not above the Constitution, recently gutted Chevron, which once shielded agencies, now strips away judicial deference and exposes the Fed to direct constitutional scrutiny… https://x.com/DrJStrategy/status/1971754015936368899 Today is crapshoot. The usual suspects will play for the Friday Rally and manipulation to boost Q3 equity performance, particularly the over-owned Mag 7 and AI-related stocks. The penultimate day of a marking period usually contains the peak manipulation to game performance. However, there has been, and should continue to be, end of Q3 portfolio rebalancing that mostly entail selling stocks and buying bonds. ESUs are +14.50; NQUs are +64\5.00 (Usual Sunday night buying; and USZs are +11/32 at 20:35 ET. Expected economic data: Aug Pending Home Sales 0.1% m/m; Sept Dallas Fed Mgf. Activity 2 Fed Speakers: Gov Waller 7:30 ET, ECB’s Lane, Cleveland Fed Pres Hammack, BoE’s Ramsden 8 ET S&P Index 50-day MA: 6460; 100-day MA: 6237; 150-day MA: 6017; 200-day MA: 6015 DJIA 50-day MA: 45,145; 100-day MA: 44,013; 150-day MA: 43,090; 200-day MA: 43,246 (Green is positive slope; Red is negative slope) S&P 500 Index (6643.70 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 5506.00 triggers a sell signal Weekly: Trender and MACD are positive – a close below 6377.26 triggers a sell signal Daily: Trender and MACD are positive – a close below 6577.84 triggers a sell signal Hourly: Trender is negative; MACD is positive – a close above 6649.77 triggers a sell signal After the shooting at the ICE facility in Dallas and the violence outside an ICE center in Broadview, IL (western Chicago suburb) – and no attempt to curtail incendiary Dem & MSM rhetoric – Trump and AG Bondi have had enough. Trump on Saturday: “At the request of Secretary of Homeland Security, Kristi Noem, I am directing Secretary of War, Pete Hegseth, to provide all necessary Troops to protect War ravaged Portland, and any of our ICE Facilities under siege from attack by Antifa, and other domestic terrorists. I am also authorizing Full Force, if necessary…” @AGPamBondi: I have witnessed the continued onslaught of violence perpetrated against ICE officers across our country. The Department of Justice will not stand idly by in the face of such lawlessness. At my direction, I am deploying DOJ agents to ICE facilities—and wherever ICE comes under siege—to safeguard federal agents, protect federal property, and immediately arrest all individuals engaged in any federal crime. Pursuant to President Trump’s recent executive action, I am also instructing the Joint Terrorism Task Forces across the country to disrupt and investigate all entities and individuals engaged in acts of domestic terrorism, including the repeated acts of violence and obstruction against federal agents. The Department of Justice will seek the most serious available charges against all participants in these criminal mobs, including conspiracy offenses, assault offenses, civil disorder offenses, and terrorism offenses… To that end, I have directed the FBI, DEA, ATF, and USMS to accelerate our efforts alongside the Department of Homeland Security to locate, apprehend, detain, prosecute, and remove all illegal aliens present in our country. The rule of law will prevail. DHS launching ‘whole of government’ operation to combat anti-ICE activity, official says Online tools and nonprofit networks are contributing to targeting federal officers… “ICE tracking apps,” which allow users to share locations of immigration enforcement activity in real time… https://justthenews.com/government/federal-agencies/dhs-launching-whole-government-approach-combat-anti-ice-activity @BrookeSingman: A Trump administration official was followed, recorded, physically assaulted and verbally accosted inside the United Nations Thursday afternoon during the gathering of the UN General Assembly. https://t.co/g0nL2BGlXS @carney: The main Democrat complaint about the Comey indictment amounts to this: “We shouldn’t be prosecuted for our crimes because when we did them we didn’t expect you guys to elect the wrong president. If we lived in a better country, Democrats could commit crimes with impunity.” (Since DJT’s 2016 win, Dems & their media stooges have repeatedly chanted: “No one is above the law!) @USAttyEssayli: The assaults and doxing of federal agents must stop. We will aggressively pursue criminal charges against those engaging in this unlawful behavior. Today, we unsealed a federal indictment charging three women—two from Southern California and one from Colorado —with following a U.S. Immigration and Customs Enforcement agent home, livestreaming their pursuit, and posting the victim’s home address on Instagram. Each defendant faces 5 years in federal prison. FBI Bombshell: 274 agents sent to Capitol for J6, many later complained they were political ‘pawns’ – Hidden for four years, an after-action report on FBI’s involvement in Jan. 6 riot found by Director Patel shows dozens of agents feared that the FBI had become “woke” and “liberally biased.” The most persistent complaint was that the bureau during the James Comey and Chris Wray era had become infected with political biases and liberal ideology that treated the protesters from the summer 2020 Black Lives Matter riots far differently than those arrested in the aftermath of the Jan. 6 episode. “The FBI should make clear to its personnel and the public that, despite its obvious political bias, it ultimately still takes its mission and priorities seriously,” one employee wrote in a stinging review. “It should equally and aggressively investigate criminal activity regardless of the offenders’ perceived race, political affiliations, or motivations; and it should equally and aggressively protect all Americans regardless of perceived race, political affiliations, or motivations.”… https://justthenews.com/accountability/fbi-bombshell-274-agents-sent-capitol-j6-many-later-complained-they-were-political @Real_RobN: Captured on videotape… On Jan. 6, a masked FBI agent wearing an earpiece and walkie-talkie was caught removing a glass window from the Capitol. When he realized he was being recorded, he pushed another man and blamed him… https://x.com/Real_RobN/status/1971688139149512710 The embedded 274 agents were from just the DC office. How many FBI agents from other offices were there? How many agents from other agencies were embedded in the Jan. 6 crowd? Did these agents foment trouble? Why were they there? What did they do to prevent trouble? NADA! We are old enough to remember that US officials, Dems, and the regime media proclaimed that there were NO government agents in the Jan. 6 crowd. What else are ‘they’ lying about re: Jan. 6? Trump on Saturday: @realDonaldTrump: “It was just revealed that the FBI had secretly placed, against all Rules, Regulations, Protocols, and Standards, 274 FBI Agents into the Crowd just prior to, and during, the January 6th Hoax. This is different from what Director Christopher Wray stated, over and over again! That’s right, as it now turns out, FBI Agents were at, and in, the January 6th Protest, probably acting as Agitators and Insurrectionists, but certainly not as “Law Enforcement Officials.” I want to know who each and every one of these so-called “Agents” are, and what they were up to on that now “Historic” Day. Many Great American Patriots were made to pay a very big price only for the love of their Country. I owe this investigation of “Dirty Cops and Crooked Politicians” to them! Christopher Wray, the then Director of the FBI, has some major explaining to do. That’s two in a row, Comey and Wray, who got caught LYING, with our Great Country at stake.” Now that evidence is coming out with the FBI showing that January 6, 2021 was a Fed hoax, should Michael Byrd, who shot and killed unarmed U.S. veteran Ashli Babbitt be prosecuted for murder? Consider this: Officer Derek Chauvin remains in prison for restraining someone who was not complying, by using a restraining technique he was trained to use in Minnesota. Officer Michael Byrd remains free with no charges for shooting an unarmed 5’4″ 115 lb woman. Equal justice? Babbitt had two officers right next to her on both sides of her that did nothing to restrain her and Byrd himself could have used non lethal force to restrain a 115 lb woman. She did not have a weapon and Byrd isn’t heard anywhere on audio or video screaming for her to stop. So then by this precedent, any unarmed person who climbs through a Target or Walmart window in the process of looting it can have lethal force used on them, right? @AriFleischer: I don’t know if James Comey is innocent or guilty, but I do know that when the Biden DoJ indicted Trump aides Peter Navarro and Steve Bannon, the WP and NYT treated it as straight news, not as Biden going after his opponents. But now, it’s all about Trump getting his enemies. https://x.com/AriFleischer/status/1971590604418416849 @Bannons_WarRoom: RUDY GIULIANI: The short Comey indictment is just the preface. A full RICO case could follow: multiple crimes, broad penalties, and the power to bankrupt the financiers behind organized political violence. https://x.com/Bannons_WarRoom/status/1971592497320403395 @paulsperry_: KARMA: As the U.S. Attorney in the Southern District of New York in 2003, James Comey put away Martha Stewart for perjury. She served five months in prison. Ex-IL Gov Rod Blagojevich @realBlagojevich: Crooked James Comey has hired Crooked Patrick Fitzgerald to defend him. Fitzgerald is still crookedly covering up Obama’s FBI 302’s & the FBI tapes that show my innocence. Birds of a feather flock together! @TomFitton: Comey’s son-in-law was a prosecutor in the US Attorney’s Office for the Eastern District of Virginia that had tried to protect Comey from prosecution through leaks and slow rolling. @julie_kelly2: ABC News reporting that career prosecutors in the Eastern District of VA office prepared a “declination memo” citing reasons the DOJ should not pursue charges against Jim Comey. One of the top prosecutors in the office—now demoted—was Maya Song… recently worked for none other than Lisa Monaco in the Biden DOJ… Career bureaucrats—some with ties to known Trump saboteurs like Monaco—thwart directives from higher ups related to a political case. Their insubordination is met with removal, demotion. Then they leak some self serving resignation letter to the NYT or WashPo warning that the “rule of law” and “future of democracy” are at risk. Maya Song, former aide to Trump foe Lisa Monaco and part of the internal resistance to the Comey indictment, has been fired. From Arctic Haze docs recently released by Sen. Grassley… Dan Richman did not just leak Comey’s memo related to the Feb 14, 2017 meeting with the president on the Flynn investigation, he was hired by the FBI as an SGE to SPECIFICALLY spin media coverage favorable to Comey and unfavorable to Trump: https://x.com/julie_kelly2/status/1971665603061862792 Trump calls for the firing of Lisa Monaco, Microsoft president of global affairs “She is a menace to U.S. National Security, especially given the major contracts that Microsoft has with the United States Government,” Trump wrote in the post. “Because of Monaco’s many wrongful acts, the U.S. Government recently stripped her of all Security Clearances, took away all of her access to National Security Intelligence, and banned her from all Federal Properties.”… https://www.cnbc.com/2025/09/26/trump-calls-for-the-firing-of-lisa-monaco-microsoft-president-of-global-affairs.html @HansMahn https://t.co/QjRMoDqVBn @OcrazioCornPop: Biden Judge Michael Nachmanoff, overseeing Comey’s case, was HIRED by and worked under Comey in 1995-96 & 2002! Should this force a RECUSAL? https://x.com/DonaldPutine/status/1971399192078843970/photo/1 @paulsperry_: The father of the Biden-appointed judge hearing the Comey case, Michael Nachmanoff, was a friend and fellow traveler of Obama’s communist father. He gave $7,500+ to Obama/ DSCC/ DCCC/DNC, records show. The judge will arraign Comey Oct 9 at 10 AM at Alexandria courthouse. @zerohedge: All this makes you wonder just what @comey was doing at Bridgewater (Ray Dalio is virulently anti-Trump!) https://www.fingerlakes1.com/2025/09/04/ray-dalio-accuses-trump-autocracy-warning/ Report: Soros foundation gave $80M to groups tied to ‘extremist violence’ https://t.co/xCjUYekIk0 Manhattan DA Bragg’s office quietly drops case against NYC woman who sucker-punched pro-life activist, blames ‘unacceptable error’ https://t.co/2JlJi4lhtb @nicksortor: The Department of Justice has just SUBPOENAED the travel records of Fulton County, GA District Attorney Fani Willis, per NYT @JesseBWatters: Comey got INDICTED and Democrats are acting SURPRISED that Trump is PUNCHING BACK. They ARRESTED the President and his entire inner-circle, SPIED on his campaign, IMPEACHED, RAIDED, LEAKED, and FRAMED him as a RUSSIAN Operative… WHAT did they think would HAPPEN? Comey is just the BEGINNING— Trump is teasing MORE INDICTMENTS. Obama’s Dirty CIA Director is already BEGGING for him to STOP. Wonder why? Victim-blaming, rationalizing violence becomes pattern on the left during Trump era https://t.co/de5Lk4NVcU Anti-ICE gunman Joshua Jahn spent 17,500 hours playing violent videos games — including right before shooting https://trib.al/iHRTF3h FBI fires agents who were caught kneeling during 2020 George Floyd protests https://t.co/PSK2flfQVG @nicksortor: ICE just ARRESTED the Superintendent of Des Moines Iowa schools, who is an illegal immigrant from Guyana… He was armed, and attempted to FLEE… He led the LARGEST school district in Iowa. Our kids are NOT SAFE with Democrats in charge. INSANE https://t.co/7q6ou5irkx CNN’s @ScottJenningsKY: MICHELLE OBAMA’S chief of staff (Jacki Norris) hired an illegal alien with a fake degree & a criminal record to be the head of the public schools in Des Moines, Iowa? @joma_gc: Jackie Norris @MsJackieNorris — chair of the Des Moines School Board who appointed Ian Roberts, an illegal alien from Guyana and fugitive on gun charges, as superintendent — is now running for the U.S. Senate and once served as Michelle Obama’s chief of staff. @LauraPowellEsq: Ian Roberts, the Des Moines school superintendent arrested by ICE, has so many inconsistencies in his public biographies that it’s amazing that no one questioned his identity before. I’ll keep adding receipts to this thread as I find information… https://x.com/LauraPowellEsq/status/1971811032235753770 @greg_price11z: How in the world does an illegal alien end up as the Superintendent of the entire school system in a state capital city? (D.E.I.) @CWBChicago: Another day, another “peacekeeper” hauled away in handcuffs. This time the “peacekeeper” is accused of swinging at a Chicago cop… and it was all caught on video. https://t.co/tDAUwKqKGp ‘Peacekeepers’ reportedly commit Chicago crimes as Pritzker calls for more funding “How about actually committing crimes while they’re working, or profiting from tax dollars? Let’s face it. It’s a jobs creation program. That’s what this is. I wouldn’t even call this violence interruption or whatever legal name they use, ‘the peacekeepers.’ This is a job creation program by Mayor [Brandon] Johnson and Governor Pritzker to, what they feel, put people to work, get them on a steady paycheck, maybe,” Weitzel told The Center Square…(Bribes to gangs and ‘community organizers?’) https://www.thecentersquare.com/illinois/article_7ede080d-de0f-42d9-9736-905e57762504.html @libsoftiktok: HOLY S#*T – Soros-backed FL State Attorney Monique Worrell says a man m*****bating in front of kids at a park is NOT illegal. https://x.com/libsoftiktok/status/1971629455857811742 FL State Attorney Monique Worrell DECLINED to prosecute a man who m****bated in front of children in a park. She also DISMISSED a case against a man who shared videos showing the r*pe of infants and toddlers. Florida AG just sent her a SCATHING letter— says he will ENSURE justice will be served. Monique should RESIGN in disgrace! https://x.com/libsoftiktok/status/1971620779117736085 FBI calls Michigan church attack an act of “targeted violence” as death toll rises to at least 4 At… the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan… a gunman rammed a vehicle through the front of the church during a large service, began shooting and then intentionally set a fire that grew into a large blaze… Investigators have identified the man as Thomas Jacob Sanford, a 40-year-old… an Iraq War veteran… Sanford’s son who was born with a rare genetic disorder… took a financial toll on the family… https://cnn.it/480bH3r Fox News: Suspected explosive devices were located following the Michigan church attack, ATF official says. Who is Howard Rubin? The ex-NYC financier with ties to George Soros who was arrested for allegedly sex-trafficking women – he was ultimately picked up by the feds on Friday at his home in Fairfield, Ct., on a 10-count indictment for “torturing women beyond their consent.”… https://nypost.com/us-news/who-is-howard-rubin-the-ex-nyc-financier-with-ties-to-george-soros-who-was-arrested-for-allegedly-sex-trafficking-women/ Whoopi Goldberg calls for Trump to be forcibly removed from office after UN speech: ‘I’m worried’ (Why do ‘The Networks’ keep providing a forum for incendiary speech?) https://trib.al/NOZPDj8 @burackbobby_: Jimmy Kimmel lost 70% of its viewers from Tuesday to Wednesday. From 6.4 million to 2.4 million. I expect Kimmel to be back below 2 million by Monday. @NatPoliceAssoc: The Chicago Teachers Union honors Joanne Chesimard (Assata Shakur) without mentioning she was convicted of the murder of New Jersey State Police Trooper Werner Foerster in 1973. He was 34 years old and left behind a wife and 3-year-old son. Rest in Peace Trooper Foerster. @CTULocal1: Rest in Power, Rest in Peace, Assata Shakur. Today we honor the life and legacy of a revolutionary fighter, a fierce writer, a revered elder of Black liberation, and a leader of freedom whose spirit continues to live in our struggle. Assata refused to be silenced. She taught us that “It is our duty to fight for our freedom. It is our duty to win. We must love each other and support each other. We have nothing to lose but our chains.” The CTU with the SEIU (Service Employees’ Union) control Chicago politics. They elected ‘Boss’ Toni Preckwinkle, an ex-teacher, to head Cook County. Preckwinkle anointed ex-CTU official and Marxist Brandon Johnson to be Mayor of Chicago. The CTU and SEIU and mostly women, and they get out the vote because it greatly benefits them. | |
SWAMP STORIES FOR YOU TONIGHT
FBI Fires 15 Agents Who Knelt At 2020 George Floyd Protest
Saturday, Sep 27, 2025 – 12:15 PM
Amid an ongoing campaign to rid the FBI of woke politics and priorities, the bureau has fired roughly 15 agents who were caught on camera kneeling during a 2020 protest following the death of George Floyd under the knee of a Minneapolis police officer. In May of this year, the FBI reassigned the agents, but subsequently fired them, according to anonymous sources cited by the Associated Press and CNN. The kneeling agents were among a group of about 20 agents who were fired at the conclusion of a review by the FBI’s general counsel office.
When photographs were published that showed a large group of agents taking a knee as they pandered to protesters in Washington, controversy erupted both inside and outside the FBI. Beyond the political dynamic, some senior FBI officials felt that the agents put themselves and peers at a tactical disadvantage. Here’s how retired FBI supervisory special agent James Gagliano summed up the ugly spectacle:
[There are] two possible, equally repugnant purposes behind the kneelers’ actions. The symbolic genuflection in the face of protesters (and the movement’s rioters who destroyed businesses and government buildings and claimed lives) was either an expression of unity with BLM, or these armed agents were blatant cowards and spinelessly acquiesced to the demands of a threatening mob. Whichever the reason, it is fully nauseating to career agents.
During the Biden administration and under then-Director Christopher Wray, the incident was reviewed with a conclusion that no policies had been violated. This year, the bureau decided to give it a second look. As a result, the agents were first reassigned to jobs that were perceived as demotions, but have now been jettisoned altogether.
In August, two senior FBI officials were fired: Brian Driscoll, who served as acting director before Kash Patel’s confirmation, and Steve Jensen, who was acting director of the Washington Field Office (WFO). Both have sued, claiming they were victimized by a “campaign of retribution” targeting agents insufficiently loyal to President Trump. There may be many more terminations to come. The DOJ has said it is scrutinizing the actions of more than 1,500 agents involved in investigations of questionable merit, such as the prosecutions of members of Trump’s first administration and the extraordinary effort mounted against participants in the January 6 riots.
This week, it was revealed that the FBI deployed a stunning 274 agents to the U.S. Capitol on Jan 6. The news was broken by Just The News, which obtained an after-action report that included rank-and-file agents’ sharp criticism of the bureau in general and the Washington Field Office in particular. As one agent wrote, “WFO is a hopelessly broken office that’s more concerned about wearing masks and recruiting preferred racial/sexual groups than catching actual bad guys.“
The FBI Agents Association condemned the dismissals and criticized Patel’s job performance. “Rather than providing these agents with fair treatment and due process, Patel chose to again violate the law by ignoring these agents’ constitutional and legal rights instead of following the requisite process,” the group said in a statement. Others, however, are quite pleased:
https://x.com/johnnymaga/status/1971743063753326811?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1971743063753326811%7Ctwgr%5Ecd83b0536dafb644f3287eefc9bb349d3a8cec71%7Ctwcon%5Es1&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Ffbi-fires-15-agents-who-knelt-2020-george-floyd-protest
END
Leaked Memo Reveals FBI Deployed A Stunning 274 Agents On J6, Causing Internal Revolt
Friday, Sep 26, 2025 – 09:55 PM
The FBI deployed nearly 300 plainclothes agents to the US Capitol during the Jan. 6, 2021 riot, in an effort that became so chaotic it caused an internal schism within the agency that led many rank-and-file at the bureau that core competencies had been lost to “wokeness,” and that employees had become “pawns in a political war,” according to an after-action report hidden from the public for over four years until it was obtained by Just the News.
Anonymous complaints were sent to the after-action team by scores of FBI agents and other personnel – many from the bureau’s premier Washington field office (WFO) – detailing how agents were sent into a dangerous situation without proper safety equipment or even the ability to identify themselves as armed officers to other police agencies.
Most common among the complaints was that under former directors Chris Wray and just-indicted James Comey, the bureau had become infected with political bias and liberal ideology that treated the Trump-supporting Jan. 6 protesters much differently from Black Lives Matter rioters from the summer of 2020.
“The FBI should make clear to its personnel and the public that, despite its obvious political bias, it ultimately still takes its mission and priorities seriously,” wrote one employee. “It should equally and aggressively investigate criminal activity regardless of the offenders’ perceived race, political affiliations, or motivations; and it should equally and aggressively protect all Americans regardless of perceived race, political affiliations, or motivations.”
The agent suggested that leaders “identify viable exit options for FBI personnel who no longer feel it is legally or morally acceptable to support a federal law enforcement and intelligence agency motivated by political bias.”
Another agent suggested that the problem was widespread throughout the FBI.
“Currently, the US Attorneys office is dictating what it is that gets investigated. This is a dangerous precedent because we can barely get them to prosecute investigations that clearly meet thresholds needed for Federal prosecutions,” the agent wrote. “However, their willingness to conduct a search warrant on someone’s life for a misdemeanor seems ridiculous. It is unreasonable for the FBI to conduct investigations involving misdemeanor violations at a federal level… it is not our role.”
‘Hopelessly Broken’
Several employees directly mentioned the Washington Field Office (WFO) and its culture. “WFO is a hopelessly broken office that’s more concerned about wearing masks and recruiting preferred racial/sexual groups than catching actual bad guys,” wrote one worker.
“I wish you all would pay more attention to our safety than what type of masks we wear. If you are going to deploy us to a riot situation, then give us the proper damn safety equipment–helmet, face shield, protective clothing–and training!” wrote another.
In total, the after-action feedback spanned 50 pages, which were located by current FBI Director Kash Patel’s office and turned over to the House Judiciary Committed and its subcommittee
As Just the News notes further; the document has proven a bombshell to lawmakers, revealing for the first time that the FBI had a total of 274 agents deployed to the Capitol in plainclothes and with guns but no clear safety gear of way to be recognized by other law enforcement agencies working in the chaos of the riot.
Wray, Patel’s predecessor, steadfastly refused to tell Congress how many if any agents went to the Capitol that day. And a prior DOJ Inspector General Report did not divulge the number, referring only to a SWAT team the bureau sent into the Capitol and having more than two dozen informants in the crowd.
The existence of mass FBI agents at the Capitol on Jan. 6 could also be a problem in many of the cases that were subsequently brought in court. If agents were witnesses at the Capitol and did not disclose it in the subsequent affidavits during prosecutions it could create grounds for defendants to appeal.
The document also reveals for the first time that there were widespread concerns for years inside the bureau – sentiments that boiled over after the FBI began sending SWAT teams to arrest Jan. 6 participants on misdemeanor charges – that the FBI had become biased in favor of liberals and against conservatives.
Despite the pre-existing report, Wray rejected that notion in testimony before Congress. “The idea that I’m biased against conservatives seems somewhat insane to me, given my own personal background,” Wray told Congress in 2023.
“I have found almost invariably, the people screaming the loudest about the politicization of the FBI are themselves the most political, and more often than not, making claims of politicization to advance their own views or goals, and they often don’t know the facts or are choosing to ignore them,” Wray added in an episode of the podcast “FBI Retired Case File Review” that aired the same year.
Read the rest of the report here…
END
Sinclair & Nexstar Reverse Course, Resume Airing Jimmy Kimmel’s Show
Saturday, Sep 27, 2025 – 10:45 PM
72 hours after Disney announced the Jimmy Kimmel would get his show back, Sinclair Broadcast Group and Nexstar Media said on Sept. 26 that they would resume airing “Jimmy Kimmel Live!” after initially refusing to do so.
Sinclair, the nation’s largest ABC station operator, said in a statement that their earlier decision to preempt the show was independent of any government influence – and the decision was driven by a balance between free-speech concerns and community standards after Kimmel, a propagandist, told his audience that Charlie Kirk’s suspected assassin was right-wing, despite a mountain of evidence to the opposite.
Prosecutors say the suspect, Tyler Robinson, left anti-fascist messages at the scene, while officials in Utah – including Gov. Spencer Cox (R), have suggested a leftist ideology tied to the motive.
“Free speech provides broadcasters with the right to exercise judgment as to the content on their local stations,” said Sinclair. “While we understand that not everyone will agree with our decisions about programming, it is simply inconsistent to champion free speech while demanding that broadcasters air specific content.”
Nexstar, meanwhile, said that it “remains committed to protecting the First Amendment,” while airing content that is “in the best interest of the communities we serve.”
In short, they’re not dying on this hill and viewer outrage has cooled down enough.
Kirk was shot and killed on Sept. 10 while speaking at Utah Valley University (UVU) in Orem, Utah.
As the Epoch Times notes further, Sinclair had pulled the show on Sept. 22, with a company executive calling Kimmel’s comments “inappropriate and deeply insensitive at a critical moment for our country.” The Walt Disney Company, which owns ABC, also briefly suspended production of the program, calling the remarks “ill-timed” and “insensitive.”
Later, Disney announced that “Jimmy Kimmel Live!” would be returning on Sept. 23, after “thoughtful conversations with Jimmy” about controversial comments. Still, Nexstar and Sinclair announced they would continue to preempt Kimmel’s show on the dozens of local ABC affiliates that they own.
Last week, Federal Communications Commission Chairman Brendan Carr said he believed Kimmel was trying to mislead the public with his statements and that ABC had an obligation to act, warning the network could face scrutiny if it did not.
“We can do this the easy way or the hard way,” Carr told podcaster Benny Johnson on Sept. 17. “These companies can find ways to take action on Kimmel, or there is going to be additional work for the FCC ahead.”
The comments drew accusations that the Trump administration was leaning on regulators to silence a critic. In response, White House press secretary Karoline Leavitt said on Sept. 20 that the suspension was solely ABC’s decision. “The decision to fire Jimmy Kimmel and to cancel his show came from executives at ABC,” she said on Fox News. While ABC never formally fired Kimmel, it announced his show would be suspended after the controversy.
Trump also weighed in while he was in the United Kingdom, telling reporters that Kimmel was suffering from “very bad ratings” and was “fired for a lack of talent” in combination with his remarks. In a post on Truth Social, Trump urged NBC to also remove late-night hosts Jimmy Fallon and Seth Meyers, saying their ratings were “horrible.”
Besides Kimmel, several others faced adverse employment actions after controversial comments about Kirk’s killing. MSNBC fired one of its contributors over comments he made immediately following the assassination.
The episode has widened into a cultural flashpoint and fueled debate over free speech. Fellow talk show hosts Stephen Colbert and Jon Stewart criticized the suspension as censorship, dozens of Hollywood celebrities signed a letter decrying Kimmel’s removal, while the American Civil Liberties Union called it a “grave threat to our First Amendment freedoms.”
Kimmel’s first show back drew over six million viewers, with the host addressing the controversy, saying, “It was never my intention to make light of the murder of a young man.”
Sam Dorman and The Associated Press contributed to this report.
end
Yet Again, Deep State Attacks DNI Tulsi Gabbard
Sunday, Sep 28, 2025 – 10:10 PM
Authored by ‘sundance’ via The Last Refuge,
It is difficult not to notice the strategy of how certain Trump administration officials are targeted.
Any cabinet member that looks inward to reveal the status of corrupt activity within the information silo itself becomes a target. Cabinet officials who focus externally, meaning the majority of their effort looks outside government, are seemingly left alone.
HHS Secretary RFK Jr and Director of National Intelligence, Tulsi Gabbard, are examples of those receiving the worst ideological targeting from operations within HHS and the Intelligence Community respectively.
Conversely, CIA Director John Ratcliffe faces almost no scrutiny or targeting by the Intelligence Community as the silo operators frame narratives almost exclusively against DNI Gabbard.
The latest effort surfaces as embeds within Main Justice and the CIA frame a storyline that Tulsi Gabbard’s action in removing the security clearances of 37 current and former officials, has now resulted in those same officials being incapable of testifying against former CIA Director John Brennan (and others).
The premise of the narrative is ridiculous. If we are to accept some current or former IC officials are willing to testify against Brennan (or others), regardless of whether Tulsi Gabbard has revoked their security clearances, their retroactive knowledge is still pertinent. They are completely free to give statements and testimony based on their prior conduct.
What the leakers to Axios and the New York Times are trying to establish, is groundwork for the removal of Tulsi Gabbard. This stops her objective of investigating internal corruption. I suspect most of the people trying desperately to undermine Gabbard are from within the CIA Directorate of Analysis, or at least in alignment with the directorate’s agenda.
The narrative’s author, Marc Caputo, claims AG Pam Bondi is hampered in her effort to criminally indict John Brennan because the witnesses Main Justice would use have lost their security clearances. Again, the game of leveraging internecine friendships in/around the office of Trump becomes an overlay.
It is certainly true that AG Pam Bondi and FBI Director Kash Patel have refused to look internally; and it is also true that DNI Tulsi Gabbard has spent much of her focus time looking internally. Bondi and Patel continue the preferred game of institutional blame-casting in Main Justice. Meanwhile, Gabbard is busy focused on cleaning up her IC house.
The Fourth Branch embeds do not fear the approach of Bondi/Patel, but the Fourth Branch embeds are petrified by the approach of Tulsi Gabbard. That reality underpins the baseline of opposition against the Director of National Intelligence.
As the dynamic unfolds, CIA Director John Ratcliffe is certainly not corrupt; however, nor is he brave. Director Ratcliffe is willing to let Director Gabbard clean up his house, and then he takes credit for the reform. As the weeks unfold into months, this is becoming increasingly obvious.
Mark Zaid is the current anti-Trump Lawfare operative likely seeding the narrative to Axios/New York Times.
Mark Zaid, a Trump administration critic who represents six of the intelligence professionals whose clearances were revoked, said administration officials fretting about the Brennan case have “valid concerns.”
“This seems to be, as usual, an unforced error by Trump administration officials who don’t think things through in the long game in favor of a quick-pass completion,” he said.
“If I were the defense counsel [for Brennan], I would raise the revocation in an attempt to undermine the credibility of the witnesses.” (more)
Mark Zaid knows the game-changing process that DNI Tulsi Gabbard is using.
Gabbard is directly going into each IC agency to review and retrieve information. When she finds something that connects to the overall plots being used by the Fourth Branch, the DNI takes that information directly to President Trump who subsequently declassifies it and then she releases it.
Zaid and the Deep State operatives he represents, want to stop Tulsi Gabbard with urgency. They are throwing every available IC narrative into the media flow in the hope that something stops Tulsi’s effectiveness.
END
Shutdown Odds Spike After House GOP Refuse To Bring Chamber Into Session: Report
Monday, Sep 29, 2025 – 11:45 AM
Update (11450ET): It seems like everyone wants a shutdown this time. As Democrat leaders are being pressured by a coalition of federal unions to ‘hold the line’ and fight back against budget cuts to ‘critical public services’ even if it leads to a shutdown and mass layoffs, Republicans appear to have called their bluff ahead of a Sept. 1 deadline.
According to Punchbowl News‘ Jake Sherman, House Republicans on today’s conference call indicated that House and Senate GOP leadership will have a joint news conference Wednesday morning – the day of the shutdown – and they won’t bring the House back into session until next week.
The White House, meanwhile, tells Politico that President Trump will push congressional Democrats to back a House-passed stopgap bill during an Oval Office sitdown Monday, less than 48 hours before the shutdown.
“Let me be very clear about the president and the White House’s position: All we are asking for is a common-sense, clean funding resolution, a continuing resolution to keep the government open,” Press Secretary Karoline Leavitt said during a Monday interview on Fox News. “The president is giving Democrat leadership one last chance to be reasonable, to come to the White House today to try to talk about this,” she added.
Yet, according to Sherman, and Polymarket, a shutdown is in the cards.
* * *
Authored by Jacob Burg via The Epoch Times (emphasis ours),
Democratic and Republican congressional leaders are digging their heels in ahead of a critical meeting with President Donald Trump to avoid a potential government shutdown this week, each pinning the blame for any negotiations that fail tomorrow on the opposing party.
Trump agreed to meet with Senate and House leaders of both parties on Sept. 29 to hopefully broker a deal to pass a continuing resolution to keep the government funded until a long-term spending bill can be passed.
Democrats say that Republicans need to agree to extend certain tax subsidies for the Affordable Care Act Marketplace—also known as Obamacare—that were passed in 2021 as part of the American Rescue Plan and are set to expire at the end of the year.
Republicans are countering by saying the tax subsidy discussion can occur after passing a continuing resolution to keep the government afloat in the short term, saying the Affordable Care Act is beset by “waste, fraud, and abuse.”
A government shutdown is “totally up to the Democrats,” Senate Majority Leader John Thune (R-S.D.) told NBC’s “Meet the Press” on Sept. 27.
“The ball is in their court,” he said. “So this decision, in my judgment, at this point in time, is up to a handful of Democrats. We need eight Democrats to pass it through the Senate, something that 13 times, when the Democrats had the majority over the last four years and President [Joe] Biden was in the White House, Republicans helped Democrats do.”
He said the tax credits don’t expire until the end of the year and that Democrats need to “release the hostage” on refusing to approve the continuing resolution before having that conversation on health care.
“That particular program is desperately in need of reform. It’s fraught with waste, fraud, and abuse, so we are going to have to have reforms if we take action there,” Thune said. “But I think there’s potentially a path forward.”
Senate Minority Leader Chuck Schumer (D-N.Y.) said his coalition has been pushing for a meeting and “real negotiation” with Trump present, saying “we need the president as part of it.”
“We need Speaker Johnson; let the four leaders and the president sit down,” he told NBC’s “Meet the Press” on Sept. 28, referring to House Speaker Mike Johnson (R-La.) and the meeting with Trump scheduled for 2 p.m. on Sept. 29.
Schumer said the Democrats are focused on health care.
“Rural hospitals are closing. People are going to get notices of $4,000-a-year increase in their premiums. So our job is to represent the people of America,” he said. “So far, they’ve stonewalled and said we’re not discussing any of that, and we’ll see if it changes.”
Johnson said Trump is always open to talks but wants to “operate in good faith, so he decided to bring us all in.”
“He wants to talk with Chuck Schumer and Hakeem Jeffries and just try to convince them to follow common sense and do what’s right by the American people,” Johnson told CNN’s “State of the Union” on Sept. 28. “It’s important to point out the only thing we are trying to do is buy a little time.”
House Minority Leader Hakeem Jeffries (D-N.Y.) said in a statement that negotiations would hinge on “find[ing] a path forward to actually fix the health care system that Republicans have broken for the good of everyone.” He was referring to the expiring tax credits and cuts to Medicaid included in Trump’s One Big Beautiful Bill Act earlier this year.
Johnson called the statement “absolutely absurd.”
“The [topic of] Obamacare subsidies is a policy debate that has to be determined by the end of the year, Dec. 31,” Johnson said. “Not right now, while we’re simply trying to keep the government open so we can have all these debates.”
CNN’s Jake Tapper asked Johnson about health care experts who have said that Americans’ premiums could increase by as much as 75 percent—as early as October—if the Obamacare subsidies expire without extension, and pressed the House leader if he’s “worried at all that those people might blame Republicans for those health care costs, for the insurance costs going up.”
“No, they’re not being truthful about that,” Johnson said. “The program doesn’t expire until the end of December, so we have time to have all those discussions and debates.”
Lawrence Wilson contributed to this report.
END
HUMOUR
Your humour story of the month: Not to worry!! John Brennan cleared himself of any wrongdoing
Case Closed! Obama CIA Boss John Brennan Clears Himself Of Any Wrongdoing
headline USA
Monday, Sep 29, 2025 – 11:40 AM
Authored by Luis Cornelio via Headline USA,
Embattled former CIA Director John Brennan boasted on MSNBC over the weekend that he investigated himself and found no wrongdoing.
Brennan made the claims on Saturday’s edition of The Weekend in response to legacy media reports falsely claiming that DNI Tulsi Gabbard may have hampered the criminal case against him after she revoked the security clearances of potential witnesses.
“I don’t see any case against me. I have looked back on all of my actions and decisions, and with John Durham, the special counsel, and others that have looked at what we did — they were certainly consistent with our legal authorities and with the law,” Brennan said.
His remarks quickly circulated online, with critics mocking him for seemingly acting as his own judge and jury. In a sarcastic X post that garnered more than one million views, popular page Western Lensman wrote, “Well, that settles it then.”
https://x.com/emergent/status/1972017335067435394?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1972017335067435394%7Ctwgr%5Ec5bce284b2bdba404c6aa3f87800ce2351ff1055%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.co
Another account replied that Brennan “literally became the meme,” sharing an image captioned: “We’ve investigated ourselves and found we did nothing wrong.”
A third page added, “‘After careful consideration and examination of the evidence and lack thereof, I hereby find myself… Not guilty.’”
Brennan’s comments come as he faces a criminal investigation into his role in promoting the debunked conspiracy theory that President Donald Trump colluded with Russia to win the 2016 election.
The probe was opened at the referral of current CIA Director John Ratcliffe, who found that Brennan may have lied to Congress about the origins of the 2016 investigation into Russian meddling and the role the Steele Dossier played.
Brennan had long insisted the dossier played only a minor role, but newly declassified documents showed otherwise.
Files previously reported by Headline USA suggest the Obama administration systematically bypassed procedures in a rushed effort to paint Trump as a Russian asset following his election. According to Gabbard, this was carried out at the direction of then-President Barack Obama.
Legacy media have claimed that Gabbard’s actions may have stalled Brennan’s potential prosecution by making key witnesses less willing to participate. Those reports omit, however, that the DOJ can still compel their testimony through subpoenas.
Brennan himself acknowledged this during his MSNBC interview.
“Individuals who used to work in the government, even if their security clearances were revoked, they could be subpoenaed. They could be called to provide testimony in support of whatever allegations they have. I just – I don’t see a case there,” he stated.
GREG HUNTER INTERVIEWING MARTIN ARMSTRONG
Trump Flip Flop on Ukraine Guarantees Nuke War – Martin Armstrong
By Greg Hunter On September 27, 2025 In Market Analysis, Political Analysis16 Comments
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
The last time legendary financial and geopolitical cycle analyst Martin Armstrong was on USAWatchdog, he was hopeful that Trump would keep America out of the coming NATO War with Russia. Trump was talking about not sending troops to Ukraine for any peace deal, and before that, he said he backed a Russian plan to trade land for peace in Ukraine. Fast forward a month, and now, Trumps says, “Ukraine can win back its territory,” Russia is a “paper tiger,” and NATO countries should shoot down Russia aircraft. What a flip-flop on foreign policy!
To Trump’s credit, it is reported he did deny sending long range Tomahawk missiles to Ukraine, but he is still sending a fresh batch of arms to NATO paid for with seized Russian money. What the heck is going on? Armstrong says, “It’s a double edge sword here. On one hand, he is being a bit sarcastic, and maybe if he says that somehow it will compel Putin to come to the table. Sorry, this is not negotiating trade issues. You are insulting the integrity of Russia saying it is a ‘paper tiger,’ etc. Everything Trump has said is exactly what the neocons have been saying. These EU leaders have been told that Russia is on the verge of collapse. . . .NATO has been telling them they have 3.4 million troops against Russia’s 1.5 million troops, and they can walk in and take Russia in a blink of an eye. This is the nonsense that they are putting out.”
This brings us to Armstrong’s predictive computer program called Socrates. Armstrong says, “I typed in here: Socrates, what are the prospects for nuclear war after 2025?” This is the first time Armstrong has let Socrates answer in an interview, and it says, “Marty, the prospects for nuclear war post 2025 appear to have risen to 100%. This may be tactical nuclear. All indicators show Ukraine remains the center point for Europe as a proxy war orchestrated by NATO. Ukraine will not survive as a country, and the European Union is also not likely to survive beyond 2030.”
Could Trump be one of the greatest President’s in history if he sidesteps this European war with Russia? Armstrong says, “Absolutely. The EU is not salvageable. I have been doing interviews in Europe, and three years ago, I was asked, ‘Do you really think the EU will break up?’ And now, I get, ‘When is it going to break up?’ . . .. These neocons will never accept any kind of a peace deal with Russia—period.”
I asked Armstrong if he were to have a short one-on-one call with President Trump, what would you tell him? Armstrong says, “My computer says you are going to lose, and my computer has never been wrong. You can check it, and the CIA even wanted it. It’s got a 40-year track record you can document.”
What would Armstrong advise President Trump to do right now? Armstrong says, “I would tell President Trump to get the hell out of Europe, and get out the hell of NATO. I did pass a message to President Trump a few months ago with someone who is close to him. I said NATO is going to try to do a false flag to invoke an Article Five to drag us into the war. We have to get out of NATO ASAP.”
On gold and silver and their big price increases lately, Armstrong says, “It’s not a surprise. They are going up because of war.” Armstrong predicts future price gains for both metals will explode, and on some instances start doubling in price. For example, on gold, Armstrong says, “When you cross $5,000 per ounce, and I am talking further out, these markets always jump exponentially to the next major psychological number. So, when you cross $5,000, it will jump to $10,000. That’s what everybody will be looking for then,”
One last thing, Armstrong says, “China is on record to not let Russia lose to NATO, because if that happens, they are next.”
There is much more in the 75-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong, who will update us on prospects for tactical nuclear war with the latest flip-flop foreign policy moves by President Trump for 9.27.25.
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After the Interview:
There is free information, analysis and articles on ArmstrongEconomics.com.
SEE YOU TOMORROW
A LITTLE HEADS UP: I WILL NOT BE DOING A COMMENTARY ON THURSDAY.
THE DATA IS AGGREGATE SO ON FRIDAY EVERYTHING WILL BALANCE
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