• News

    Selling off Strategic Oil Reserves?

    Weekly Market Commentary 19 November 2021
    by davefairtex

    Monday, November 22, 2021, 10:36 AM

There were three economic series out this week: Retail Sales [+1.67% m/m, +14.03% y/y], Industrial Production [+1.61% m/m, +4.89% y/y], and Housing Starts [-0.66% m/m, +0.39% y/y].

The Retail Sales number hit an all time high – note much of that move is due to inflation; sales are up 24% over pre-pandemic levels. Even deflated by PPIACO, retail sales are still slightly higher than they were back in early 2020. The plebes are spending money.

However, industrial production is just now returning to pre-pandemic levels. So what happens when you have a lot more “retail sales” dollars chasing (roughly) the same amount of INDPRO? Well that’s inflation.

Housing starts continue to weaken – at least that’s true for single family homes. The construction of new multi-family homes continues to move higher. “You’ll own nothing – and you’ll be happy!” Or something.

I’m going to lead with the buck this week – this is the second strong week by the dollar [up +0.94%], rising to a new 16-month high. I believe the cause traces back to all the crazy things the Europeans are doing to stop COVID. Apparently the vaccines aren’t working so well, so … they’re locking down, and Austria has decided to force everyone to get the shot. (No fascism there.) All the nutty behavior has the euro just getting crushed [-1.40%].

Did anyone notice what Sweden did? No lockdowns? No masks? Now it is one of the very few European nations that isn’t having any difficulty.

Answer: no. Nobody notices, nobody cares. “Lockdowns! Vax Mandates! Science!!”

Gold wasn’t so happy about the dollar rally; it fell [-20.49, -1.10%] on the week, but it remains in an uptrend. The banksters definitely piled in short over the last three weeks. It suggests we might see a near-term correction in gold. Gold remains in an uptrend, at least for now. If the buck rallies some more, that might not last. The nuttier Europe gets (i.e. the stronger the grip of the Oligarchy), the more the buck will rally.

Mostly this week’s gold move was about currency – gold/Euros was mostly unchanged [-0.13%].

Silver fell harder than gold, down -0.74 [-2.91%]. Chart-wise, it look like silver ran into resistance at the 200 MA. Silver fell 4 days out of five this week, but it remains in a weekly uptrend, at least for now.

Miners fell the most, dropping -4.05%, dipping back below the 200 MA. Miners < silver < gold suggests a PM downtrend, at least in the daily timeframe.

The master resource also fell, losing -4.10 [-5.14%] to 75.62. Crude is now back below the 50 MA, and in a weekly downtrend. This is the fourth straight week of decline. Is this about Europe? Or is it something else?

My vote is “something else.”

President Grandpa groveled in front of China this week, asking them “pretty please” if they wouldn’t mind using some of their stored crude oil to lower the price of crude because it is making Gramps look terrible. “Can you spare a dime for a fellow who is down on his luck?” How do you think that one went? Xi has to be terrified of senile old Grandpa. “I know. How about a few million barrels in exchange for Taiwan?” There was no response that I saw to this begging by the US. At least we got to check the WEF’s “not a superpower anymore” box though. So that’s a plus. They want to be in charge, and they have to get rid of the US first to do so.

https://www.reuters.com/business/energy/exclusive-us-asks-big-countries-coordinate-releases-oil-reserves-sources-2021-11-17/

So here’s an article that suggest President Grandpa’s handlers are “weighing” a release of oil from the SPR.

U.S. again presses OPEC+ as it weighsreserve release

WASHINGTON, Nov 19 (Reuters) – The White House on Friday pressed the OPEC producer group again to maintain adequate global supply, days after U.S. discussions with some of the world’s biggest economies over potentially releasing oil from strategic reserves to quell high energy prices.

Source

So how is that going?

Below, find a chart of the SPR paired up with crude oil prices. It turns out that the “weighing” of this SPR sale happened back at the end of August. Takeaway: of course. This is from “The Trusted News Initiative”; the modern “ministry of truth.”

Since September 2021, Grandpa’s handlers have been steadily selling our oil. Recently, the pace of the sales has accelerated; over the past two weeks, Grandpa’s handlers have sold off 3,145,000 bbls on 11/05, and another 3,249,000 on 11/12.
I suspect this explains why the price of oil has fallen recently. I’m sure if they sold off the entire SPR, price would – temporarily – drop even more.
Enjoy those “low gas prices.” Once the SPR is empty (3 years from now, at this rate), what will Grandpa’s handlers do for an encore? Grovel before Xi? Do some more talking about “Building Back Better?” They sure won’t have any oil left to sell.

Not much change in the 10-year this week; rates fell -3 bp to 1.55%. All the money pouring into the buck must have gone somewhere else.

The WEF appears to be determined to take the US out of superpower status, and Grandpa’s handlers appear to have gone “all-in” on the plan. At this rate, by the time the handlers are removed from power, the SPR will be empty. The handlers probably have new slots waiting for them at the WEF. Xi of course is laughing. 10 held by H for the big guy! Best ROI on a honeypot-compromise ever!

News That Caught My Eye

Hong Kong let JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon skip the city’s 21-day hotel quarantine because of the size of the bank’s operations in the Asian financial hub, saying his trip was relatively low risk.

“The justification is related to economy, as this is a very huge bank with key business in Hong Kong,” Chief Executive Carrie Lam said in a regular briefing on Tuesday. “He needs to come to Hong Kong for work for about a day.”

In August, the government granted an exemption to actor Nicole Kidman who had flown into the city to film a TV series, prompting a brief outcry from frustrated residents who have been forced to pay out for expensive hotel stays. HSBC Holdings Plc Chairman Mark Tucker passed through a three-week quarantine the same month.

Hong Kong, which is pursuing a “Covid Zero” strategy alongside China, has imposed some of the world’s strictest travel rules to keep the virus out. Measures include mandatory hotel quarantines of three weeks for any resident returning to the city from the U.K. or U.S., regardless of vaccination status, while most non-resident visitors and tourists are banned.

Source

Possible Explanations:

  1. Jamie Dimon may already be “immunized” using Ivermectin prophylaxis
  2. Randomized Clinical Trials have shown that The Big Banksters can’t be infected by, or transmit COVID19! Science!!
  3. No reason at all. Its GOOD to be da king!

The CCP and its Covid Zero Policy is just a population-axis-of-control mechanism – Australia has something similar.  But to what end?  CCP is plugged in.  Why would they do this unless it had some advantage?  And what is that advantage?

The CCP is definitely up to something with “Covid Zero.”  That’s probably worth a full report all by itself.


The Swedish Public Health Agency (PHA) has announced that, starting next month, gatherings of more than 100 people will require “Covid passes” showing vaccination status.

While Germany, Austria, New Zealand, Canada (and others) have gone full fascist brutally suddenly, Sweden is taking the scenic route. Rather than refusing to comply with the narrative, Sweden is simply using a looser net to catch the stragglers.

Source

Off-guardian is fairly negative on the news.  Sweden has almost no cases.  So why have “Covid passes”?  As with all-things-COVID, this is not about public health.  It never is about public health.  Perhaps: Oligarchy finally got something on Sweden’s leadership, and now they’ve been compromised like all the rest?


Austria reimposes full lockdown, plans to make COVID vaccines compulsory

Roughly two-thirds of Austria’s population is fully vaccinated, one of the lowest rates in western Europe. Much of the public is sceptical about vaccines, a view encouraged by the far-right Freedom Party, the third biggest in parliament. It is planning a protest against coronavirus restrictions on Saturday.

Source

After first trying to just lock down the unvaxxed – which failed due to pushback from the Army and the Police – the Austrian government is now going to plan B: lock down everyone, and force-vaccinate the entire country.

2 possibilities:  1) its the by-now familiar Oligarchy terror campaign – they are trying to frighten more of the civilian population into getting the shot, just like Grandpa’s handlers did in the US, or 2) this is a WEF trial balloon.  They’re trying it out in a small country, before they inflict it on the rest of the EU.  It tries to answer the question, “is our population/narrative control good enough to get away with forced vaccination yet?”

The end goal of Oligarchy is to be able to force-inject whatever they want into the bodies of all Plebes everywhere.


We did get some good information.  “NO” to unvaxxed-only lockdowns.  That’s too far.  Even for Austria.

Myth vs. reality in COVID Russia

All 85 federal subjects of the Russian Federation now have vaccine mandates, as well as rules requiring digital “health” certificates for entry to certain businesses, venues, and public institutions. Many regions are denying routine medical care to those without QR codes.

The Russian government does not have a VAERS-like database for reporting and monitoring suspected adverse reactions, and doctors who question the vaccine’s safety or efficacy are being threatened with exorbitant fines and prison time.

Argentina’s health ministry is similarly guilty of High Crimes Against Sputnik V. In October, the South American state revealed that Russia’s flagship vaccine was the nation’s leader when it came to causing adverse reactions, beating Sinopharm and AstraZeneca by significant margins.

https://bancos.salud.gob.ar/sites/default/files/2021-09/14o-informe-de-vigilancia-de-seguridad-en-vacunas.pdf

Source

I looked at Argentina’s data.  My high school Spanish came back to me!  It definitely looked bad.

Sputnik is an adenovirus vector vaccine.  It was tested for four months.  Never used in combat before.  And – off-guardian presents some pictures of Mr Putin looking awfully friendly with Santa Klaus Schwab, with the pictures taken back in January 2021.

Russia, COVID, and their interactions with the WEF probably rates another report all on its own too.  Russia does not appear to be some sort of “COVID outlier” when it comes to these sorts of rules.


House Democrats finally pass a massive social spending bill

  • $570 billion for climate-related provisions (including clean energy tax credits)
  • $380 billion for universal pre-K and child care subsidies
  • $275 billion for an increase to the SALT cap
  • $205 billion for a four-week paid leave program
  • $190 billion for a one-year extension of the expanded child tax credit and making it fully refundable permanently
  • $175 billion for the maintenance and construction of affordable housing
  • $150 billion for long-term home health care
  • $120 billion to extend Affordable Care Act premium tax credits
  • $35 billion to expand Medicare coverage to include hearing services

Source

Genius at work!  With inflation at 24% (PPIACO), President Grandpa’s handlers tell us we must immediately spend another 1.85 $trillion, and at the same time, sell off the SPR to “keep control over gasoline prices.”  This is “Build Back Better.”  We sure will own nothing.

How else to force the Plebes to stop using oil (saving it for those private jets!) except by running the SPR down to zero over a 3 year period?  A resource transfer, from the Plebes of the US, to “somewhere else.”


COVID-19 booster shots may become the new standard to be considered fully vaccinated, according to the nation’s top doctor.

“I happen to believe as an immunologist and infectious disease person that a third shot boost for an mRNA [vaccine] … should be part of the actual standard regimen, where a booster isn’t a luxury,” the director of the National Institute of Allergy and Infectious Diseases reportedly said.

Fauci had said over the summer he was “certain” Americans would need additional doses of COVID-19 vaccines.

A recent study showed the rates of confirmed COVID-19 infection and severe illness were “substantially lower” among those who got a booster shot compared to people who did not.

Source

Hey, so where’s that “all cause mortality” data on the boosters?  Asking for a friend.


FDA to Decide on Pfizer Vaccine Booster Shots Without Hearing From Expert Panel

The FDA’s acting head and other top Biden administration officials said earlier in 2021 that vaccine booster doses should be given to everyone because of waning vaccine efficacy against the virus that causes COVID-19. But the advisory panel recommended vaccine boosters for only certain groups, arguing that the data didn’t support the widespread administration of second and third vaccine doses.

Source

Overruling the expert panel and their recommendation, the “Science!!” cult running the place has decided to approve boosters for everyone.

It just had to be done.  After all, you can’t force-booster-vaccinate the country via a booster mandate, unless the boosters are first approved for everyone! Come on, man, that’s just Science!!

John Campbell reviews Booster “Evidence” – or rather the complete lack thereof – provided to the FDA by our favorite Pharma companies in support of the Oligarchy’s Plebe-Booster Program.

Moderna: N=149

“Antibody response … after the a booster dose of the vaccine demonstrated a booster response.”

Pfizer: N=200

“The antibody response demonstrated a booster response.”

JC: “A frustrating lack of numbers….I think there would be much more concordance if they were open with the data.”

Source (Video)

Or maybe not.  Since “vaccine hesitancy” is strongest in folks who can understand data, if you have a bad story to tell, it is probably best to say nothing at all.  Common sense says: a coverup only happens when a crime has been committed.

Via Robert Malone:

Abstract 10712: Mrna COVID Vaccines Dramatically Increase Endothelial Inflammatory Markers and ACS Risk as Measured by the PULS Cardiac Test: a Warning [Nov 8, 2021]

Changes result in an increase of PULS score from 11% to 25% (5 year ACS risk).

mRNA vaccination increased inflammation on the endothelium and T-cell infiltration of cardic muscle may account for the observation of increases thrombosis, cardiomyopathy, and other vascular events post vaccination.

Source

There’s a combo test (called PULS) which attempts to predict the 5-year odds of an “ACS” (acute coronary syndrome) in a patient, based on at least 3 different markers; IL-16, sFAS, and HGF.

ACS definition: https://www.mayoclinic.org/diseases-conditions/acute-coronary-syndrome/symptoms-causes/syc-20352136

According to the (above) results, for up to 2.5 months post-vax, the chance of 5-year ACS rose 225% for the patients in the monitoring program.  All three markers (Il-16, sFAS, and HGF) more than doubled.

So if I understand this paper correctly, and the PULS test is an accurate predictor of future ACS events, and things play out according to the PULS test projections, we should see a 5-year doubling of acute coronary syndrome in the vaxxed.  Any guesses what that will do to all cause mortality?

One wonders what effect “boosters” will have on these markers.  I’m guessing the inflammatory markers won’t improve with the addition of even more spikes; it is probably a dose-dependent effect.


Senate Republicans Formally Challenge Biden Vaccine Mandate

Source

After a long, long, looooong slumber, “Team Red” finally stirs.  “We … uh … yeah we don’t like mandates.  40 lashes with a wet noodle!  Spankings all around.  Yay Plebes.  Yawn.  Ok, we did our part.  Can we go back to sleep now?”


Over a 60X increase in pro sports adverse events since the vaccines rolled out

Nobody can explain that. Some poo-poo these events saying that they happen all the time. True, they do. But not at this rate. Something happened in 2021 that changed things by a lot. Can you guess?

The numbers (as documented below) shows that there have been more “events” over a recent 4 month period than in over 20 years, which is more than a 60-fold increase in event rate.

Source

Force-vaccinating sports players with the “Safe and Effective” vaccine has coincided with a huge increase (60x!!) in adverse events.  On the one hand, we have the (mostly) fake representatives who pretend to be on our side, and we have (totally apolitical) Steve Kirsch on the other. Who do you trust more?

How about Steve Kirsch as Director of CDC, Robert Malone for FDA, and Peter McCullough for NIH?


Disney has paused its vaccine mandate for Florida employees in response to restrictions passed by the Legislature earlier this week limiting employers’ power to require worker vaccination.

“We remain confident in the approach we have taken with our mandatory vaccine policy for Florida-based Cast Members and employees, with more than 90% of our active Florida-based Cast members and employees having verified that they are fully vaccinated, and we consider this to be very successful,” the memo read.

Source

A rare victory for the Plebes.  Hopefully we will see more of these.  We will be able to separate out the Oligarchy shills from “actual” representatives by whether or not they provide full-throated support for My Body My Choice.  This is the key issue of our time.  If the Plebes can’t control our own bodies, literally nothing else matters.  Oligarchy will be able to force-inject us with anything, pretend it is for “public health”, and the game here on Earth is just over.


Some videos I enjoyed:

  • A short explainer on the mechanics of the Trusted News Initiative, via Dr Malone [3:54] Source
  • “Doctor” Bill Gates, his successful trade, and the changes over time [Fauci, Biden, and Walensky] on how “safe & effective” transformed into “boosters!”  [2:20]  Source
  • The “Across State Lines” Mashup [3:37] Source

But its not all bad news.

White House communications chief of staff announces she is leaving, as Biden’s approval rates plummet

Comes one day after Kamala Harris’ communications director resigns

Source

Hints of rats deserting a sinking ship.  “Hey, so, I’m young – I think I’d like to have a career…”

That, or, they know what’s really going on.

https://pressgallery.house.gov/member-data/casualty-list

https://fivethirtyeight.com/features/it-looks-like-house-democrats-are-worried-about-the-2022-midterms/

Hints of more rats.  Will the “replacements” will be an improvement?  Probably not – unless the Plebes force the issue.  We should tell the replacements what we care about.  Before they are corrupted by the Swamp.

House:

  • Running:
    • CA Karen Bass (D) – LA Mayor run
    • FL Val Demings (D) – FL Senate Run
    • OH Tim Ryan (D) – Senate Run
    • FL Chrlie Crist (D) – Governor Run
    • PA Conor Lamb (D) – Senate Run
  • Retiring:
    • KY John Yarmuth (D)
    • TX Filemon Vela (D)
    • AZ Ann Kirkpatrick (D)
    • IL Cheri Bustos (D)
    • TX Eddie Johnson (D)
  • Running:
    • NY Lee Zeldin (R) – Governor Run
    • GA Jody Hice (R) – Sec State Run
    • AL Mo Brooks (R) – Senate Run
    • NC Ted Budd (R) – Senate Run
    • MO Vicky Harzler (R) – Senate Run
    • MO Billy Long (R) – Senate Run
  • Retiring:
    • NY Tom Reed (R) – scandal
    • OH Anthony Gonzalez (R) – voted to impeach Bad Orange Man
    • TX Kevin Brady (R)

Time’s Up, the #MeToo advocacy group founded in the wake of the Harvey Weinstein scandal, laid off nearly all of its staff on Friday just months after the organization’s top executives resigned for helping Andrew Cuomo discredit one of his accusers.

Most of the staff of 25 people were informed Friday they were being laid off at the end of the year, with a skeleton crew of three remaining.

Source

The Time’s Up organization didn’t work out so well.  I’m sure the junior people were earnest, as they usually are, but when it really mattered, their allegedly “MeToo” bosses were perfectly willing to throw the whole org right under the bus to provide cover for the then-Governor Handsy Boobsqueezer.


https://thenewamerican.com/accuser-six-cuomo-grabbed-my-breast-59-dems-say-he-must-resign/

Another small group of people, waking up to the larger con.


https://www.dailymail.co.uk/news/article-10224591/Andrew-Cuomo-misrepresented-number-nursing-home-residents-died-COVID-report-says.html

What’s worse?  An executive order that likely caused the deaths of thousands of old people in nursing homes, or reportedly sexually harassing 11 women?  Who then calls on the #MeToo group to cover it up for him!

This, brought to you by the Oligarchy – the group that is supposedly all-in to “protect Grandma.”

The Oligachy’s real hashtag:  #OldPeopleDontMatter

This is an expose for anyone paying attention.


Welcoming family into your home for Thanksgiving? Here’s how to keep COVID out

Source

  • Wear a mask [What happened to “Two Masks – Because – common sense!”  Think of Grandma!  Wear three masks!]
  • Fauci says – get a booster!
  • Get an antigen test the day before.
  • Require all guests to be immunized (does that include immunization via Ivermectin?)
  • Exclude the unvaxxed.  Frame excluding them as “protecting Grandma”
  • [they literally said that – “Grandma”]
  • Keep kids out of school for a week before Thanksgiving.  Force them to wear masks for the week before travel
  • Don’t stay with Grandma – get a hotel.  Or put Grandma in a hotel.  With Grandpa, presumably.

The CDC – their #1 goal is – looking out for public health.  Through Science!! (*)

Happy Safe & Effective Thanksgiving, Plebes!

(*) definitely NOT a captured regulator.

Enjoy time with your family.  I will.  Assuming the mild/moderate illness I have right now isn’t the Ro.  Test tomorrow – never a dull moment!  I’ve assumed it was the Ro, hit it with all my stuff, along with sambucus (elderberry), just in case its just an ILI.

https://journals.sagepub.com/doi/pdf/10.1177/147323000403200205

Two years ago I wouldn’t have thought twice about a cold before Thanksgiving.  But today?  So much has changed.

A Sign of the Times.

Related content
» More