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    Inflation – and Galileo

    Weekly Market Commentary 12 December 2021
    by davefairtex

    Sunday, December 12, 2021, 1:59 PM

So, the markets were mostly waiting for the (Friday) CPI this week: the print was +0.78% m/m, which is a 9.3%/year annualized rate. It was slightly higher than expected, and overall, the worst since 1982 – even with the manipulated-in-1992 CPI, which has been carefully crafted to remove signs of inflation from the inflation-indicator. Even Fed Chair Powell (recently renominated for another 4 years, presumably because he’s done so well fighting inflation) has stopped using the word “transitory”, as it has made him a laughingstock. Remember: The Fed inflation target is 2%.  The current, grossly-understated-by-design inflation rate is 9.3% (m/m annualized).

Mostly, the MSM worked overtime to bury the story, since inflation makes the lower classes poorer very rapidly. Oligarchy does just fine, since they own assets, but the poor-and-middle class get crushed. Inflation is a wealth-transfer, from those who don’t have assets, to those who do. It is almost as if this wealth transfer was a planned outcome.

Then again, the massive (unpopular) inflation will make it that much more difficult for the Oligarchy to successfully rig the election in 2022. Assuming we have one. Perhaps they’ll cancel it due to OMICRON!  Or maybe the Oligarchy will try to fund “Republicans” who have already been captured to run in the primary. There are a lot of moving parts for sure.

 

Anyhow, more on inflation later on.

Prices were all over the map this week. Lumber went nuts: +16.50% [+147.21], strongest rally of all the things I track.

In the other direction, there was natgas, which fell -5.16% [-0.21] this week, after dropping an insane -26% last week. I can’t imagine having a leveraged long futures NG position, and then be handed a 26% loss, in just one week. Last week was literally the worst week ever for natgas. How many people went BK if they were long natgas? I’m sure there were some.

natural gas chart

The master resource – crude – has recovered to some degree; it hasn’t quite printed a swing low, but it rallied +8.63% [+5.71], and managed to climb back above the 200 MA. Crude Open Interest is at a 4-year-low. My sense: the banksters do NOT want to be short crude oil. This lines up nicely with the sense Chris had (in one of his recent podcasts) of a much, much higher oil price to come.

But don’t worry. Inflation is “transitory.” Like Jerome told us months ago. Which is why he’s continuing to print money. Yay Fed! Transitory Inflation! Sorry. You own that word now. Until you start raising rates to actually fight inflation.

forecastGold hardly moved, down -0.02% [-0.37]. So far, gold hasn’t responded at all to the massive, almost historic move higher in inflation. And silver actually fell, losing -1.55% [-0.35].

gold

The buck was unchanged [+0.0%], the 10-year yield rose +12 bp to 1.47% (most of that move happened on Monday & Tuesday), crappy debt shot up +0.74%, and…equities made a new all time high, up +3.82%, with most of the move happening Monday & Tuesday also. The equity sector map was bullish. Just like that, the equity market correction is over.

 

Overall – I see a whole lot of lows in open interest in commodities. Natgas, crude, lumber, copper, palladium, silver, and gold too. A lot of relatively low OI values seem like a setup for higher commodity prices. This doesn’t line up well with “transitory” inflation. Yes, I know. Jerome isn’t using the T-word anymore. But the “its transitory” money-printing policies are only slowly being removed. Not using the T-word isn’t the same as taking action to stop inflation.

 

As with the deliberately pathetic “Afghanistan” outcome, if President Grandpa’s handlers wanted a different outcome, they’d be acting differently. Conclusion: they want inflation.

Just like they wanted the deaths from the deliberately-imposed “No Treatments for You” policy. Just like they left tens of billions in military hardware in Afghanistan. Just like the borders remain open to millions of new low-wage workers from other countries – no “vaccine” required for them – but if you fly here legally from another country, a “vaccine” is most definitely required.

Here’s a picture that provides one viewpoint. Kids = eating alone – “socially distant”, because – pandemic! Oligarchy’s stooges = “life is normal.” You’ll own nothing. And they’ll be happy. Don’t the stooges look happy? Wine is probably a Grand Cru too. Macron probably brought a case with him. Who doesn’t like a Grand Cru?

eliteStill, not all is going according to plan. There is a “silver” lining. The paper markets in the metals have grossly underperformed the other commodities in this “transitory” inflationary time. I do not think they will be able to keep a lid on the metals forever. Premiums are a measure of just how much separation there is between the physical markets, and the bankster-run paper markets.

So, what do premiums look like? My code that scans the silver-premiums site actually broke. Why did it break? I’m not sure. So, I went to look myself. Here’s what I saw – I had to construct this by hand:

 

  • Silver SI contract: $22.21
  • COMEX Bar: +1.38 [+6.11%]
  • 100 oz Bars: +2.56 [+11.50%]
  • 10 oz Bars: +3.61 [+16.6%]
  • Silver Rounds: +3.53 [+15.9%]
  • 1000 oz Junk Silver: +6.45 [+29.0%]
  • Silver Eagles: +8.56 [+38.54%]

Say what? Silver Eagles at a 38% premium – they cost $30.77 each? That seems insane. Can that be right?

https://findbullionprices.com/collection/American-Silver-Eagles/

Conclusion: the paper “silver” prices at COMEX are crap. I’ve never seen a COMEX bar at a 6% premium. Nor have I seen silver eagles at a 38% premium! PSLV discount to NAV is -2.51%. You can take delivery from Sprott if you have enough shares of PSLV – it takes a month, and eventually you get a bunch of COMEX bars. Supposedly.

And you can collect the spread.

If things continue this way, the whole paper silver thing eventually blows up. That’s what premiums are suggesting.

 

FD: I’m long silver. Maybe someday it will work out for me.

News That Caught My Eye

 

MSM-Promoted Headlines:

ABORTION!

Source

In allowing Texas’s outrageous abortion ban to stay in place, the court signaled that it is willing to sacrifice its own legitimacy and power in order to destroy Roe.


WAR!!

Source

President Biden, tough words on China and Russia need to be backed with action.


Tornadoes!

Source

At least 50 likely dead in Kentucky alone, governor says, after tornadoes hit central and southern US.


Buried Stories:

 

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

Source

 

So “government-measured headline” inflation (not current-month-annualized, but y/y) is 6.8%. By contrast, here are some “actual price” y/y moves:

 

  • Commodities: Natgas +52%, Heating Oil +52%, Crude +48%, Lumber +45%, Copper +22%
  • Other Items: SPX +25%, PPIACO +20%, Fed Balance Sheet +17%
  • Rent Increases: Miami +25%, NYC +24%, Scottsdale +24%, San Diego +15%, Anaheim +15%, Atlanta +15%, Boston +13%
  • Rent Decreases: Minneapolis -1%, Richmond -1%, Buffalo -1%, Des Moines -3%, Rochester -4%, Laredo -5%, Baltimore -9%, Milwaukee -13%, Newark -14%
  • PM: Gold -6%, Platinum -13%, Silver -16%, Palladium -29%

 

PM looks a whole lot like rents in some poorly-managed cities. Kudos to the Fed & the Banksters for keeping PM in check. How long can they continue to do this?  More importantly, what happens when the control finally snaps?


And in the meantime:

 

CBO Score of Permanent Costs of Build Back Better Act Show $3 Trillion Increase in Deficits

Key provisions described as “transformational” are only temporary. For example, the enhanced Child Tax Credit is extended only one year through 2022. What looks like a $185 billion provision in BBBA would actually cost $1,597 billion if made permanent.

Source

  

First law of holes: when you find yourself in a deep (inflationary) hole – get a bigger shovel, and dig even faster!  Yay President Grandpa’s handlers!  10 held by H for the Big Guy!


 

Judge blocks Biden vaccine mandate for federal contractors

Source

 

CMS Vaccine Mandate Temporarily Enjoined

Source

 

OSHA suspends enforcement of COVID-19 vaccine mandate for businesses

Source

 The Vaccine Domestic-Terror Campaign is over. They’d strongly prefer that you not notice.


Black Lives Matter stands with Jussie Smollett after verdict, but Don Lemon does not

Source

Mr. Fake-Hate-Crime just lost Don Lemon and CNN. As we saw with Nursing-Home-Killer (slash Handsy Boobsqueezer) Cuomo – once you lose CNN, its over. My guess: this represents “Peak Fake Hate Crime”, as it did “Peak Cuomo” a few months back. But MSM would much prefer to memory-hole the entire matter.

“Jussie who?  Pshaw, that was ten seconds ago. Tornadoes-Climate Change!  Billionaires In Space!”


  

Proposed India bill banning crypto payments could mean jail for violations

Source

MUMBAI, Dec 7 (Reuters) – Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

 

Prime Minister Narendra Modi’s government has previously flagged that it plans to ban most cryptocurrencies – a move which follows measures by China this September that intensified its crackdown on cryptocurrencies.

 

Self-custodial wallets that allow people to store digital currencies outside exchanges are also likely to be banned, the source added.

 

From the outside, in. This is how the Oligarchy really feels about crypto – or rather, how they feel about not-their-crypto. They can’t very well construct a brand-new realtime, trackable, global currency (with social credit scores attached, a monthly UBI printed out of thin air and trickled out to all the well-behaved, vaxxed-and-boosted former-middle-class, who dutifully stay in their rooms playing “Meta”, while not-having-children, growing ever more obese, and occasionally “dying suddenly”) with a legal free-market alternative – bitcoin – running around wild. People would choose bitcoin in a nanosecond. So they have to cheat. And they are. Starting in India.

Australia Weighs Central Bank Digital Currency, Crypto Rules

Source

Australia is weighing plans for a central bank-issued digital currency alongside the regulation of the crypto market as it seeks to overhaul how the nation’s consumers and businesses pay for goods and services.

 

The government will consult on a digital version of cash that will be universally accessible, according to notes from a speech to be delivered by Treasurer Josh Frydenberg in Melbourne Wednesday. At the same time, it will consider a licensing framework that will allow crypto transactions within a regulated environment. It expects advice to be received on both by the end of 2022.

 

In India, they are slapping over-the-top “terrorism-equivalent” punishments for holding bitcoin, while in Australia they are about to roll out a CBDC. Doing both in the same country: too obvious, so they have to split it up so the Plebes don’t make the connection.

Related: where on earth might the inflation-hedge money go if/when it has to flee bitcoin?

 

Related-related: it is substantially harder to track molecules than it is to track packets on the Internet-you-designed-and-control.


Evergrande Defaults on Debt

Source

 

Highly leveraged property development company China Evergrande Group (EGRNY) has defaulted on its debt servicing, Fitch Ratings ruled. As of early afternoon on Dec. 10, 2021, S&P Global Ratings and Moody’s had not issued rulings of their own on Evergrande.

 

“We should have been calling this a technical default for a long time already, but nobody dared,” according to Alicia Garcia-Herrero, the chief economist for the Asia-Pacific region at France-based investment banking firm Natixis. She added: “China is not making it clear because there’s no pressure to make it clear. Ratings [agencies] should be pushing. Some investors did push. Nobody wants to label this because they don’t want to bear the consequences. Everybody’s trying to increase what they can get out of it.”

 

Japan-based global financial services firm Nomura Group warns in its 2022 global economic outlook report that measures being taken by the Chinese government to curb speculation in the property market, in tandem with its carbon neutrality drive, may “result in a vicious cycle of rising defaults and slower growth in North China.”

 

“If a company defaults, and nobody reports on it, is it really a default?”

 

It may seem as though the CCP owns Western Media and the ratings agencies. That’s only because they do. Each failure of “The Institutions” to honestly report on actual events cumulatively reduces public trust. Same thing happened in 2008. Only this deal is still about 30% of China’s GDP. Poof – gone. How do we imagine that plays out in China?

 

Evergrande:

* total liabilities: $300 billion (US)

* offshore USD-denominated debt: $19 billion


Similar to “died suddenly,” I’ve noticed a lot of CEOs have been “stepping down.”  Does it mean something?  [Note: this list dates back to July 2021].

American Airlines CEO Doug Parker to Step Down

Source

In a surprise tweet, Twitter CEO Jack Dorsey said he’s stepping down

Source

Royal Caribbean CEO Richard Fain to step down after 33 years in role and remain chair of board

Source

Tripadvisor CEO Will Step Down Next Year

Source

Icahn Enterprises CEO Kekedjian Steps Down After Seven Months

Source

Landos Biopharma Chairman, President and CEO Steps Down

Source

Cirque du Soleil CEO Daniel Lamarre Steps Down

Source

J&J CEO Steps Down, Taps Successor Joaquin Duato

Source

 

Jeff Bezos steps down as Amazon CEO as retailer starts new chapter

Source


Japanese billionaire soars into space

Source

Previous Space Adventures flights to the ISS have cost travelers between $20 million and $40 million, Tom Shelley, the company’s president, acknowledged in an interview with CNN Business. But he added that current market prices are more in the $50 million to $60 million range.

 

I’m guessing this space flight – like all the other billionaire-space-flights – are about “Climate Change.”  It is “private jets” but taken to an entirely new level. Or maybe it is about penis size. What do you think?  Climate Change or Penis Size?

 

‘Mystery hut’ on the far side of the moon

Source

 

Huts?  On the dark side of the moon?  Does this tie in (somehow) with Billionaires In Space?


The definition of fully vaccinated in the United States will be changed, Dr. Anthony Fauci said Wednesday.

Source

 

“It’s going to be a matter of when, not if,” Fauci, the head of the National Institute of Allergy and Infectious Diseases, said during an appearance on CNN.

 

Dr. Scott Gottlieb, a Pfizer board member and former head of the Food and Drug Administration, said last month he thinks the CDC will update the definition of fully vaccinated to include boosters, but not until next year.

 

“I think at some point they’re going to, but not this year. I think eventually this will be considered the three dose vaccine, but I would be hard pressed to believe CDC is going to make that recommendation any time soon,” he said on CBS’ “Face the Nation.”

 

We knew this was coming. If you don’t get boosted soon, you’ll be a filthy-dirty unvaxxed scumbag. My guess: this happens in January 2022. Sweden told us that VE goes to zero after 240 days, and is negative thereafter. Safe & Effective!  A whole lot of “fully vaxxed” people are at VE=0 right now.

 

Tick tock.


The CEO of South Africa’s largest private healthcare network says that the Omicron variant is “so mild” that it “may signal the end of COVID-19….

Source

There have been zero deaths from Omicron worldwide and in countries like the UK it hasn’t even caused anyone to be hospitalized.


Pfizer CEO Albert Bourla said Wednesday that people might need a fourth Covid-19 shot sooner than expected after preliminary research shows the new omicron variant can undermine protective antibodies generated by the vaccine the company developed with BioNTech. Pfizer and BioNTech released results from an initial lab study Wednesday morning that showed a third shot is effective at fighting the omicron variant, while the initial two-dose vaccination series dropped significantly in its ability to protect against the new strain. However, the two-dose series likely still offers protection against getting severely sick from omicron, the companies said.

Source

Thank the heavens the Holy Shot still protects against severe illness from OMICRON – which doesn’t appear to cause severe illness.

 

Time for your booster-booster, because OMICRON!  Which is so mild, “it may signal the end of COVID-19.”

 

Did you follow the logic there?  Never mind!  It’s Science!!


The U.S. Centers for Disease Control and Prevention (CDC) said that of the 43 cases attributed to Omicron variant, 34 people had been fully vaccinated. Fourteen of them had also received a booster, although five of those cases occurred less than 14 days after the additional shot before full protection kicks in.

Source

For those keeping score at home: 79% of OMICRON cases were in “the fully vaccinated.”  Is 79% of the United States population fully vaccinated?  No – it is around 60%.

 

So OMICRON = “A (mild) Pandemic of the Vaccinated.”

 

Here’s the real issue. A large percentage of the “unvaccinated” in the US – perhaps 60% – are actually COVID-recovered, and they are more durably immune to re-infection than the vaccinated, a large percentage of whom are now 9 months post-shot, where VE/infection has drifted into negative territory.

 

That steady decline of the “fully vaccinated” population into vaccine failure territory is the real problem. If the captured regulators at NIH/CDC don’t compel the “fully vaccinated” to receive obligatory boosters soon, it will become a very obvious “pandemic of the vaccinated”, since a VE of 0% won’t measure up so well against the “unvaxxed” (COVID-recovered) effectiveness of 99%+.

 

And that would be embarrassing – to them – especially given the immense amount of political capital they have spent shoving the shots down our throats. So, take your booster now!  It is Safe & Effective!  And if everyone does it, it might just pull their asses out of the fire. For three more months.

 

Did I mention adverse events?  The shots aren’t free. Do they care?  Definitely. They care about the political capital they have expended. They do NOT care about you. After all, they are captured regulators, in the business of public “health.”  We may pay their salaries, but they are working full time for someone else. All the folks who cared even slightly about actual public health have quit more than a month previously.

 

Will this work?  Something tells me: no. It won’t.

 

Tick tock, captured-bureaucrats.


Conspiracy theorists have gone so far as to suggest Merck is actively downplaying ivermectin, a generic drug that costs around $35 for 20 tablets, in favor of urging patients toward molnupiravir, for which it’s charging the U.S. government $700 for each 40-pill course of treatment.

Source

 

Pfizer Inc., which also has a new Covid pill it hopes will soon get authorized, has faced similarly baseless claims. Some have even called the pill “Pfizermectin,” implying the product is just a repackaged version of ivermectin. The company said in a statement that its antiviral “is not similar to that of an animal medicine and is not the same mechanism” as ivermectin. As far as tamping down on the rumors? A spokesperson declined to comment on that.

 

For now, Wall Street doesn’t see misinformation posing a big financial risk for the new Covid antiviral drugs, which are poised to bring in more than $5 billion for Merck and $10 billion for Pfizer through 2022, says Damien Conover, director of health-care equity research for Morningstar Inc. Because sales will initially come through government contracts, he says, the drugs may simply sit on pharmacy shelves if people are reluctant to take them.

 

BOTTOM LINE – Ivermectin demand has soared despite scant evidence it’s effective against the coronavirus. Now drugmakers’ new Covid treatments may be affected by the misinformation.

 

MSM is still working overtime to conflate people who prefer Early Treatment with “anti-vaxxers.”  Unfortunately, plenty of vaxxed people are now getting sick due to widespread vaccine failure, and are now in need of…wait for it…Early Treatment!  Which saves lives!  Early Treatment doesn’t discriminate!  Sequenced Multidrug Therapy works for the vaxxed and the unvaxxed alike.

 

A Data Reminder: Blessed Molnupiravir (May Peace Be Upon It) has a 50% efficacy vs Alpha, which is no longer with us, and a 0% efficacy vs Delta, which is the current primary variant. But of course the “science-following” MSM doesn’t notice such things – only the dirty “anti-vaxxers” (i.e. Early Treatment-ers) pay attention to pesky details like efficacy data.

 

But – good news – the Plebes appear to be figuring this out all on their own, much to the chagrin of the captured regulators, media, and the Oligarchy gnashing their teeth behind the scenes.

 

Fortunately for Merck & their Oligarchy-Shareholders, President Grandpa’s handlers have already paid (in cash) for a few million doses of Blessed Molnupiravir with our tax dollars. Which doesn’t work vs Delta. Yay Shareholders!  MPV can sit on the shelves forever!

 

[Translated]: Treatments against Covid-19: the High Authority for Health says no to the use of molnupiravir, Merck’s antiviral

 

The nation of France (full of conspiracy-theorists and anti-vaxxers) say “no thanks” to Molnupiravir. Because – it doesn’t work so well. Oops!  I mean because they’re anti-vaxxers!


And one more:

 

Relatively inexpensive to manufacture and hailed as a “godsend” to parts of the world without comprehensive vaccine coverage, molnupiravir is being widely viewed as an exciting breakthrough in the fight against Covid-19.

 

Source 

But the anti-vaccine brigade has rejected it, believing that the drug is part of a global conspiracy to scam and oppress people. Some have developed more elaborate explanations, stating that it is really ivermectin — an anti-parasitic treatment unproven against the coronavirus, but long touted by conspiracy theorists —  in disguise.

 

This narrative has been pushed by an online movement known as the Front Line Covid-19 Critical Care Alliance. The group, which has more than 140,000 Twitter followers, is formed of doctors and commentators who dismiss vaccines as a preventative measure against Covid-19 and promote ivermectin as a miracle cure.

 

“It’s funny because the backlash started right away, as soon as the first press release came out from Merck a few weeks ago,” Panhwar told me, explaining that anti-vaxxers appear to now have a kneejerk response against any treatment for Covid-19 developed by the pharmaceutical industry.

 

“They want ivermectin, they want herbs, they want vitamin D,” he said. “It’s very politicized. I think the idea of being anti-Big Pharma, anti-establishment, anti-government is very attractive to people.”

 

Poor Pharma is so maligned by these “anti-vaxxers!”  Its not like Pharma did anything to deserve this hatred. Its not like they killed a hundred thousand people by lying about their trial data with Vioxx. Or another 19,886 people (multiplied by the VAERS undercount rate) dead from The Safe & Effective COVID19 “vaccines.”  Or the millions of unnecessary deaths due to the regulatory-capture of the US “health” agencies, who imposed the “No Treatments For You” campaign worldwide. HCQ, then IVM. “You aren’t a horse. You aren’t a cow.”

 

It appears as though the Plebes have finally noticed what is really going on, even as the captured regulators try to feed them crap while they watch them die. The Oligarchy is not pleased. Ivermectin has mindshare. As do the rest of the early treatments in the sequenced multidrug therapy. Thanks to the FLCCC, many others, and the hundreds of clinicians worldwide – mostly in black-and-brown countries – that ran small, home-grown trials hoping to uncover a treatment that worked in the middle of a global pandemic. Without them, I’m not sure how things would have turned out.

 

Long term prediction: post-COVID19, half of the US (and I’m guessing – a big chunk of the rest of the world) will eventually ditch many of their Pharma products, including a big chunk of those 23 childhood vaccines. The unintended consequences from the unrelenting 2-year campaign of COVID19 lies & overreach will end up crushing their own industry via blowback. We are at or near Peak Pharma.

 

Over the next few years, I suspect the “standard of care” for many will change to focus on well-tested off-patent medicines along with natural remedies and interventions such as fasting, activity, and lifestyle/menu-selection changes.

 

The really curious thing?  “The left” used to be all over this story. My Mom (a lifetime Democrat, came of age in the 1960s) was into healthy living long before I was. Yoga, pilates – she would walk her dog for an hour – organic foods, home-made kombucha, supplements, and very careful with vaccinations for her kids.  What would she think of today’s “Pharma Can Do No Wrong – You Must Take The Shot and All The Pharma Drugs Without Question!” mindset coming from the DNC/Oligarchy?

 

I don’t know. It would be very confusing for her. It would just make no sense at all.

 

Unless you understand: “It’s a Big Club. And You Ain’t In It.”  And “the left” is just the Oligarchy’s latest horse-to-ride. Just like “the right” was back in the Bush/Cheney years.

 

I think it would take about 30 minutes for me to explain it to her. And then she’d be all over it.


Lastly, a construction of my own, inspired by something I read over at Automatic Earth:

 

@Galileo: “The earth revolves around the sun.”

 

@ChurchSafety: “This claim is misleading. Learn why Church Officials are certain that the sun revolves around the earth.”

 

 

 In point of fact, the Inquisition in 1615 concluded that heliocentrism was foolish, absurd, and heretical since it contradicted Holy Scripture.

 

Galileo later defended his views in Dialogue Concerning the Two Chief World Systems (1632), which appeared to attack Pope Urban VIII and thus alienated both the Pope and the Jesuits, who had both supported Galileo up until this point. He was tried by the Inquisition, found “vehemently suspect of heresy”, and forced to recant. He spent the rest of his life under house arrest.

 

 On 31 October 1992, Pope John Paul II acknowledged that the Church had erred in condemning Galileo for asserting that the Earth revolves around the Sun. “John Paul said the theologians who condemned Galileo did not recognize the formal distinction between the Bible and its interpretation.

 

It only took 360 years for the Church to say “sorry for that lifetime house-arrest, Galileo.” Power structures – especially religious (and pseudo-religious) structures – tend to be “slow” to admit that they are wrong.

 

At this point, everyone who is in favor of Early Treatment is Galileo.

 

How long do we imagine it will take for Pope Fauci to apologize to all the people who have died as a direct result of his national Tuskeegee-inspired No Treatments For You public “health” policy?  Not to mention his funding of the “problematic” (and dangerous) Gain Of Function research at the WIV with our tax dollars?  And to top it off, his campaign to vaccinate children who are not-at-risk with the most-dangerous-vaccine-ever-made?

 

I prefer not to wait for “Pope Fauci” to come around.

 

The politician that removes this incredibly evil man from his position of pseudo-religious authority will have my vote for life.

 

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32 Comments

  • Mon, Dec 13, 2021 - 12:39am

    #1
    davefairtex

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 3094

    13

    where did OMICRON come from?

    Here's an article which asks this very question:

    https://africatimes.com/2021/11/28/botswana-says-covid-variant-found-in-visiting-diplomats-but-from-where/

    Authorities in Botswana held a Sunday night press conference to discuss the latest information about the B.1.1.529 coronavirus variant first identified there. In the meantime, southern Africans are asking: Where did this variant actually come from?

    That’s because Botswana’s government said Friday that the four B.1.1.529 cases reported last week actually originated with fully vaccinated diplomats who visited from elsewhere. Their home country still is not identified.

    “The new virus was detected on four foreign nationals who had entered Botswana on the 7th November 2021, on a diplomatic mission,” said Botswana in a statement. The four diplomats tested positive for COVID-19 on November 11 as they were leaving, and genomic sequencing confirmed the variant on November 24.

    That’s because Botswana’s government said Friday that the four B.1.1.529 cases reported last week actually originated with fully vaccinated diplomats who visited from elsewhere. Their home country still is not identified.

    Right.  That means it came from China.  Otherwise the country would have been identified.  No doubt China is pulling out all their soft-power stops to keep Botswana from spilling the beans.

    Here's an intriguing possibility.   What if China cooked this thing up in a lab, as a sort of airborne mass vaccination campaign, and released it inside their own country, in order to assure everyone had natural immunity to the dreaded (original) lab-leaked plague, while only having mild symptoms.

    This airborne vaccine would get around the whole pesky issue of force-vaccinating everyone - which I'm sure would irritate the Chinese Plebes, much as it does the Western Plebes.  Its definitely something the CCP would do in a heartbeat.  "I know.  We'll release an airborne vaccine.  And it will look like the common cold.  But it will confer resistance to the Wuhan Plague."  Genius, actually, if true.

    Only the airborne vaccine got out of the country early and unexpectedly, via these four diplomats.  And now the whole world will receive the benefits of China's latest lab-leak.  Which they absolutely didn't want to happen.  (Comprehensive National Power, etc)

    That's why China isn't letting anyone out of the country right now to travel.  Gotta spray that airborne vaccine into everyone before reopening.

    Anyhow - its a theory.

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  • Mon, Dec 13, 2021 - 2:11am

    #2

    Jim H

    Status: Silver Member

    Joined: Jun 08 2009

    Posts: 1751

    9

    OMG did anyone else hear Brian Williams signing off from NBC the other night?

    His final remarks are stunning.. he sees what we are seeing;





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  • Mon, Dec 13, 2021 - 2:52am

    #3
    nordicjack

    nordicjack

    Status: Bronze Member

    Joined: Feb 03 2020

    Posts: 773

    7

    Does he see what we are seeing?

    He has been feeding us the bs via the CIA directive narrative for decades.  How can you be in media and not know the truth?

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  • Mon, Dec 13, 2021 - 2:54am

    Mark_BC

    Status: Silver Member

    Joined: Apr 30 2010

    Posts: 661

    2

    Mark_BC said:

    I thought the whole point of the neverending variants was to justify neverending vaccine mandates as part of the digital currency / vaccine passport / social credit system. The last thing any government wants is for the population to gain natural immunity to this.

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  • Mon, Dec 13, 2021 - 3:00am

    Primary Care_MD

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    Primary Care_MD said:

    I wonder if he was referring to the Jan 6 (phony) insurrection. Dems have tunnel vision, they see Trump as "the real threat to democracy." I suppose I could watch the earlier parts of the show, but 4 min is all I can tolerate. His nose grew 2" when he said he's not  liberal.

    I feel very betrayed by the Dems, liberal media. It's sad that every single one of them is pushing Rockefeller's depopulation agenda.

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  • Mon, Dec 13, 2021 - 6:34am

    davefairtex

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    social credit

    I thought the whole point of the neverending variants was to justify neverending vaccine mandates as part of the digital currency / vaccine passport / social credit system. The last thing any government wants is for the population to gain natural immunity to this.

    China is not the West.  The CCP already have their social credit (and overall social control) implemented.  They don't need the shots to do this.  So is their CBDC.

    If the CCP can immunize their entire population - herd immunity through "natural" infection - that would serve to protect the old, fat, weak CCP members who might otherwise be vulnerable if they were infected with a legit case of COVID19.   The CCP is totally on board with giving the babies infections in order to protect CCP-grandpa.  But this would do it in a sneaky, untraceable way.  And it would confer upon them a national advantage too.  They'd have the only naturally immune nation in a world filled with "vaccinated" immunity.

    Unlike in the West, the CCP-Oligarchy don't need to come up with sneaky ways to harvest value from their population through manufactured illness.  They do it far more directly: by banking fraud, and wealth confiscation.  They don't have this need to maintain a patina of democracy the way the West does.

    Lastly - I always look at the CCP's actions through the lens of Comprehensive National Power.  "Would this benefit China's CNP relative to the West?"  If the answer is yes - then I'm automatically suspicious.  So there's that part too.

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  • Mon, Dec 13, 2021 - 7:04am

    #7
    Aus

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    DF- I like your theory

    DF- pure genius, great theory re CCP I'll bet its spot on. Now to PM's and Evergrande do you think they are interrelated? After all CCP has got the gold wouldn't it work in their favour if gold went for a run?

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  • Mon, Dec 13, 2021 - 7:29am

    davefairtex

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    gold and the CCP

    Aus-

    I believe in the "Kyle Bass" view of China, which is that the banking system is a total fraud, that the CCP elites effectively get fake loans from the banks that they never have to repay.

    The central bankers of the world know this.  That's why most nations of the world don't use RMB as a reserve currency.  Its too fake, even for them.  (RMB reserves hover around 1-2%).

    So if the CCP tried to establish a true gold-backed currency - with the ability to hand in RMB and withdraw gold - this game ends.  The CCP loses this money train.  As a result, they would only do this (gold convertibility) under extreme duress, a gun-to-the-head sort of situation.

    Could Evergrande's default, and the loss of 30% of GDP be this gun?

    That's a tough question.  It could be, from a systemic viewpoint.  But it would be earth-shaking for the CCP elites themselves who are used to sucking money out of the banking system whenever they want, via loans that never need to be repaid.

    Right now it looks like the CCP is using its control over the western MSM to pretend as though no default is taking place.  They appear to have been reasonably successful at limiting fallout from this particular collapse.  Part of it could be their restricting international travel (via absurdly long "quarantines" upon return) which reduces capital flight.  They've kicked out most of the foreigners - or so I'm told.  They appear to be going back to the "hermit kingdom" mode.  "A long march" appears to be ahead.  Or so Xi has said.

    But at least he attended the COP26 by Zoom.  So there's that.

    Yes they have the gold.  And - just maybe - at some point in the future, they'll pull the trigger on a gold standard currency.

    But it would be a very, very big deal for them to do that.  They'd be effectively slicing their own incomes if they do.

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  • Mon, Dec 13, 2021 - 7:49am

    Aus

    Aus

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    What happens to the USD?

    Slicing the incomes might go hand in hand with slicing what's on the dinner plate. Interesting thoughts, going down the rabbit hole some more, in the gun to head scenario what happens to the USD?

    Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion – Coercion Code – "Dark Times are upon us"

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  • Mon, Dec 13, 2021 - 8:30am

    #10
    VTGothic

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    India's crypto ban won't change bitcoin

    MUMBAI, Dec 7 (Reuters) – Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters.

    Prime Minister Narendra Modi’s government has previously flagged that it plans to ban most cryptocurrencies – a move which follows measures by China this September that intensified its crackdown on cryptocurrencies.

    Self-custodial wallets that allow people to store digital currencies outside exchanges are also likely to be banned, the source added.

    From the outside, in. This is how the Oligarchy really feels about crypto – or rather, how they feel about not-their-crypto.

    This is the "then they fight you" stage. It's not surprising that India is among the first to step up - she and China have been rather public dance partners in the effort to stop "not-their-crypto" crypto adoption. They've already lost. That they're at this stage is the evidence.

    The maxim in the bitcoin community (distinct from "crypto" community) is that those who avoid bitcoin -- for whatever reason -- don't hurt bitcoin, only themselves. Banning bitcoin does not remove bitcoin from the globe, it removes the country and its people from bitcoin's global network.

    The difference between bitcoin and, say, Alphabet (or Ethereum), is that China can't dictate terms to bitcoin for allowing it access to the Chinese people; there's no one to buy or pressure. As a consequence, the most China (or India, or the US) can do is remove its economy from the rapidly-growing bitcoin network for international value storage and growth.

    That's alright. In fact, it's expected. Revolutions always start at the periphery and work in toward the center, and move from the bottom up. El Salvador. The Nigerian people - despite the government's efforts. Greece's and Turkey's populations. A growing proportion of Afghanis who couldn't get to their savings when the government's bankers fled.

    (Continued here for anyone interested, to not hijack this thread.)

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  • Mon, Dec 13, 2021 - 8:33am

    #11
    davefairtex

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    gold backing & power

    I think the goldbugs start from the conclusion they want to see, and they work their way back through the mechanics of how it might come to pass.

    Gold-backing a currency means the ruling class relinquishes wealth and power - moving it from a Oligarchy-controlled banking system, to a bunch of molecules.

    Last time that happened was...uh...I can't remember.

    I'd be shocked if those "gold-backed" contracts allowed you to cart gold out of China.  Sure you can turn them into gold, just as long as the gold stays inside the middle kingdom.

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  • Mon, Dec 13, 2021 - 8:49am

    Aus

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    So what's the impact of Evergrande?

    So if offshore bondholders get zero then what's the likely impact? Dinner portions, in particular "meat" portions still reduced in China.

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  • Mon, Dec 13, 2021 - 9:04am

    #13
    davefairtex

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    pushed off into the future

    I think CCP will attempt to push the resolution of this off as far as possible into the future.  They will hem, and haw, they'll lie, and talk about "restructuring", and it will drag on, and on, and on, and they'll pull the trigger to resolve it all at once when there is some other massive distraction happening.

    That's just my guess.

    Kinda like their "climate change" policies.  "Sure we'll be 'carbon neutral' by 2050."  Meanwhile they'll build more coal plants than the rest of the world, combined.

    Curiously - if the western world "goes off carbon", that allows the CCP to get their "carbon" a whole lot cheaper.  Yay Climate Change!  Who wouldn't be in favor?

    Sorry to digress.  I don't see offshore bondholders getting any cash.  CCP knows there's a deflation coming.  They don't have any cash to spare for foreigners.

    I think the lack of property construction - rather than Evergrande's specific failure - will be the bigger deal.  I think the CCP can probably prevent a banking crisis (they own the banks, after all) but I don't see how they can come up with 30% of GDP to replace property construction.

    Mainlanders will stop speculating on property.  That's the real problem.  It is massively deflationary.  Evergrande is just a symptom.

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  • Mon, Dec 13, 2021 - 9:15am

    Aus

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    So essentially Yuan tanks

    Xi wont like that- breaks the social contract with the Plebs.....look the other way and we will ensure prosperity for all.  The dinner plate is getting smaller. They'll need that distraction.....Cue your President Grandpa, Taiwan and a few nuclear subs on loan parked in Australian waters. Where does it end?

    PS- have you noticed how MSM are making Boris Johnson look stupider by the day?

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  • Mon, Dec 13, 2021 - 12:29pm

    #15
    Canuck21

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    Vax Mandates = Bitcoin??

    Vax Mandates = Bitcoin

    Explain please?

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  • Mon, Dec 13, 2021 - 1:24pm

    #16

    Arthur Robey

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    Arthur Robey said:

    Galileo later defended his views in Dialogue Concerning the Two Chief World Systems (1632), which appeared to attack Pope Urban VIII and thus alienated both the Pope and the Jesuits, who had both supported Galileo up until this point.

    Abrahamic monotheism. The punters who kneel obsequiously before them have Stockholm syndrome.

    The Oera Linda accurately portrays Finda's people. (Asians). It notes that they make wonderful laws on golden tablets, which are ignored.

    It says that they enslave their sisters.

    It says that they are swift to anger, and where Lyda's children, (negroids), killed one lion, Finda's children killed 10.

    It said that we are to offer help to our cousins, but to go after them with fire and sward if they steal from us.

    Or. You could be an Abrahamic monotheist and practice pathological altruism. The Priests like that sort of behavior.

    Dance, Kali, O Great Destroyer of Illusions!

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  • Mon, Dec 13, 2021 - 1:28pm

    #17
    DaveDD

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    Maybe climate changing penis size?

    I think the billionairy billionaires believe something that was most probably “data crunched” by some “state-of-the-art” artificial intelligence algorithm optimized to draw straight lines through multidimensional data clouds. And as we know, these suckers believe in it. They really believe their penises will shrink to small, nearly visible blobs. This of course necessitates phalic-like rockets to counter the ego destruction through the climate change induced emasculation.

    Can I win something?

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  • Mon, Dec 13, 2021 - 5:49pm

    #18
    hail

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    Satisfied

    Another great weekly report with interesting comments.  Very satisfying.  Thanks

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  • Mon, Dec 13, 2021 - 6:35pm

    davefairtex

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    vax mandates & bitcoin

    Did we think vax mandates will be confined to Israel?  How about the concentration camps in Australia?

    Way back last year, then-Candidate Grandpa told us: "no vaccine mandates."   Then he promptly implemented them at a Federal level once his gang slithered into power, terrorizing as many as possible into taking the shot.  "We're getting awfully tired of your desire to have control what goes into your own body."  Utterly shameless.

    Will it become illegal to hold bitcoin in the US?  Its about to be illegal in India.  Will it stop there?

    My guess is no.  I'm warning people to be aware of the potential.  Just like vax mandates in Israel, six months ago.  This probably will have a near-term effect on price too.

    Just my guess.  I have a small long position in bitcoin.

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  • Mon, Dec 13, 2021 - 6:48pm

    davefairtex

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    another climate change effect

    DaveDD-

    Well I have to say, I never imagined that climate change would be associated with shrinking penis size in the billionaire class, necessitating repeated rocket launches into space to reflate.  But it does go along with all the other things Climate Change is causing.

    All those poor children dying of myocarditis - due entirely to climate change.  Darn those coal plants anyway.  Shut 'em all down.  (The CCP thanks you for your efforts on the "Climate Change" front; now, the price of coal is much cheaper than it would have been  otherwise).

    Time to board my private jet and head off to the next "Climate Change" convention.  One question: how will I handle the penis size shrink from having to sink to a lowly private jet for transportation?

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  • Mon, Dec 13, 2021 - 9:15pm

    000

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    000 said:

    http is going to be illegal?! I mean BTC, same difference.

    Me thinks the sheriff doth protest too much.

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  • Mon, Dec 13, 2021 - 9:29pm

    Arthur Robey

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    Banning cryptos.

    If such a thing is possible, it will have the effect of sending liquidity to oblivion.

    Is there any way of judging the size of Crypto in comparison the FED's printing machine?

    Or is it just a bit player? ( "bit player", gettit? I crack myself up.)

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  • Mon, Dec 13, 2021 - 11:33pm

    Steven Kelso

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    Listen Again

    Maybe he's telling you about the perpetrators of this scam?

    Grown men and women who swore an oath to our constitution, elected by their constituents, possessing the kinds of college degrees I can only dream of, have decided to join the mob and become something they are not while hoping we somehow forget who they were.

    They've decided to burn it all down with us inside. That should scare you to no end...

    People in trusted "institutions" just burning tha muthaphucka down? Aka selling out their country. I don't think he's talking Jan 6. He said mob. Mob would mean majority, in my opinion.

    Perhaps Brian is a shill and more yet, he's a rat on a sinking ship. He still, of course paints himself as noble, even just. He probably lacks the brilliance though, and can't be all techno-poetic like Ike, just meme-dropping shit like "military industrial complex" in his farewell address. Or he's a coward. No Howard Beale, that's for sure.

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  • Tue, Dec 14, 2021 - 1:34am

    #24
    mikies123

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    116th congress had the most w/72% having a graduate degree

    In the 90th Congress, less than 60 percent of representatives had completed postgraduate education. The 116th Congress will boast the most educated Congress in history with 72 percent of the House having earned a graduate degree.  We're in the 117th

    Freshmen have often outpaced the education levels of the rest of the chamber, particularly in the most recent congresses. The incoming freshmen of the 116th are the among the highest-educated incoming class ever, second only to their predecessors in the 115th Congress.

    AOC graduated cum laude from Boston University in 2011 with a Bachelor of Arts degree in both international relations and economics.  I could not find anyone with "college degrees I can only dream of."  Perhaps he exaggerates.

    In the Omicron novel I'm writing Brian Williams is speaking code for "Release the Secret Weapon".  I might be getting Madeline Kahn and Brian confused.

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  • Tue, Dec 14, 2021 - 3:23pm

    #25
    davefairtex

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    quiet revolution in the UK?

    Or a preamble for a takeover by the "left", who might claim a "mandate" to impose more civil rights restrictions because, "pandemic"?

    https://www.nytimes.com/2021/12/14/world/europe/britain-covid-restrictions.html

    Even as Omicron Cases Rise in U.K., Johnson Faces Mutiny Over New Rules

    The British prime minister, under fire for his government’s handling of the coronavirus, is facing deep opposition within his party over new rules aimed at quelling a surge of the variant.

    “The Omicron wave is colliding with growing skepticism among Conservative members of Parliament that further restrictions are necessary,” said Matthew Goodwin, a professor of politics at the University of Kent.

    Gee.  Maybe because: "lockdowns don't work."  And: "neither do the shots."

    But I know - let's blame Boris Johnson!

    “I don’t think that mandatory vaccinations are likely to happen, but by raising the possibility, the government is signaling again that its long-term strategy relies on vaccinations, not lockdowns,” said Adam Wagner, a London-based human rights lawyer and expert on Covid-related laws.

    Yay choice!  Its either lockdowns, or forced vaccination!   What else is there?  I don't know!  NO TREATMENTS FOR COVID19!!

    Others are angry at the ethical questions hanging over Downing Street because of an inquiry following reports it held Christmas parties last year and an investigation into the funding of Mr. Johnson’s expensive refurbishment of his official apartment.

    Lockdowns for thee - but not for me!  I'm covid-recovered [says Boris].  I'm immune!  Sucks to be you, Plebe.  Immunity from prior infection: not good enough for the Plebes.

    So its going badly for Boris.  If they swap him out, expect a new "liberal" who does exactly the same thing.  Only maybe worse.

    Kinda like what happened in New York.  Handsy Boobsqueezer/Nursing-home-killer Cuomo got swapped out for "Hochul" who did exactly the same thing.  Zero change in policy.  Both owned by Oligarchy.

    Oligarchy owns just about everyone in office.  We need to replace them all.  Clean sweep, fore and aft.  Both "sides" of the fake "aisle."

    Still.  There is a positive aspect.  The Plebes are most definitely restless in the UK.

    So someone has to be sacrificed.  Sorry Boris.  You're the Oligarchy's Cuomo Of The Week.

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  • Tue, Dec 14, 2021 - 4:21pm

    Canuckian

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    Canuckian said:

    A number of Euro leaders have been replaced lately on the quiet - Italy, Belgium?, Sweden, Austria and possibly others - and the incoming leaders have been pushing hard for mandates. I expect we see the same in the UK. I reckon the current health minister will replace BoJo.

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  • Tue, Dec 14, 2021 - 4:30pm

    #27
    Canuck21

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    heavy censorship re vax passport opinions in The Times

    William Hague (politician) wrote an op-ed in the Times of London today headed "
    The unvaccinated are putting us all at risk"
    and I was reading the Comments and commenting myself. Several of my own comments with links to vax studies were removed by the moderators, as were other posts I read but then they disappeared. Initially, in the early morning EST, the tone of the comments was overwhelmingly anti-passports, but by midday EST this had changed to 80%+ pro-passports and anti- "antivaxxers". Nudge nudge...

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  • Tue, Dec 14, 2021 - 5:16pm

    davefairtex

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    i agree

    A number of Euro leaders have been replaced lately on the quiet - Italy, Belgium?, Sweden, Austria and possibly others - and the incoming leaders have been pushing hard for mandates. I expect we see the same in the UK. I reckon the current health minister will replace BoJo.

    After reading today that the opposition (Labor) fellow was against vax mandates, I totally agree.  I now think Boris will be swapped out for an equally captured "conservative" stooge.  At least for now.  The "health" secretary seems very enthusiastic about medical fascism.

    However I am comforted by the fact that the opposition is against mandates.  And that even the "conservatives" are starting to object.  At some point the Oligarchy will run out of stooges willing to do their bidding in exchange for a few months in office (and a very nice sinecure post "public service")

    At some point the swapping out will stop working.

    But I don't think we're there quite yet.

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  • Wed, Dec 15, 2021 - 11:43am

    #29
    Nate

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    silver

    Ag/Au over 80/1.  The beating will continue until morale improves.

    https://schiffgold.com/commentaries/silver-on-sale-silver-gold-ratio-back-above-80-1/

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  • Wed, Dec 15, 2021 - 12:35pm

    #30
    westcoastjan

    westcoastjan

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    UK Column is great for keeping tabs on the UK political scene, and other things

    I love this website - real investigative journalism and commentary. Broadcasts at 1:00 PM UK time Mon-Wed-Fri. A great place to keep tabs on the goings on with BoJo et al, as well as critical EU issues, such as the energy crisis and the beating (bleating) of war drums. They are truth seekers on par with PP!

    https://www.ukcolumn.org/

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  • Wed, Dec 15, 2021 - 3:50pm

    #31
    davefairtex

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    FOMC meeting - OMICRON!

    Well that was fun.

    Silver, gold, platinum, palladium, and copper all got crapped on going into FOMC.  (The banksters have been heavily pounding price in the days leading up to the meeting - OI has been increasing as prices fall, which to me is a sign of banksters constructing a price drop; normally OI drops as prices drop too, as shorts cover on the way down).

    The plunge (naturally) reversed immediately following the announcement at 2pm.  Everything now is comfortably back into the green.  You might be forgiven for "trading the meeting" by purchasing PM a few minutes prior to 2PM Eastern, then selling about 90 minutes later.  A nice trade, brought to you by your Fed/Bankster price-suppression friends.  (Not financial advice).

    Short answer: Fed is slowing money printing but - of course - is not stopping it yet.  (Why stop money printing when inflation is only at 40 year highs?  "Full employment!"  Or whatever.)  Money printing stops in March.

    One factoid: Powell's attitude about OMICRON - its a nothing burger.  He didn't specifically say this, but the Fed policy comments did not reflect any sort of panic at all.

    And when a reporter asked a panicky question - "BUT - OMG OMICRON - WHAT IF IT DESTROYS US ALL" (I'm exaggerating, but only slightly - he was one of the 30% for sure - the other reporters were not)" - Powell said effectively "well sure if its that bad we'll do something."  But didn't elaborate, and spent no time on the issue.

    Powell's response to OMICRON! does give me slightly more confidence in our Monetary Lords and Masters to see they aren't in stupid-panic-mode over nothing.

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  • Mon, Dec 20, 2021 - 10:22am

    #32
    Galfer1

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    Bravo

    David, absolutely excellent information & discussions. Huge courage to speak the truth. Well done, sir.

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