Friday, December 3, 2021

Dark Winter Biden, Booster Push, Fed Lost Control

by Greg Hunter, USA Watchdog:

Vice President Biden was out today describing his version of the “Dark Winter” he has mentioned in the past.  This time it’s in response to the new Omicron virus that the Globalists are hyping as a new way to scare you into getting another jab or booster.   It’s tough to convince people to get more of what doesn’t work.  Just ask the “Fully Vaccinated” Dallas Cowboys who have at least 9 players with, wait for it–Covid.

Step right up for the booster, and you are stupid if you do.  The South African doctor who discovered this variant of CV19 says it is “extremely mild,” and “there has been no real uptick in hospitalizations.”  That medical appraisal does not stop the pushers of yet another round of injections when the first two clearly did not work.  How many boosters does the public have to get to realize this is a total scam and not about medicine?

Gold and Silver Delivery Requests Near 1 Year Highs, Prompting Cash Settlements

by Peter Schiff, Schiff Gold:

Note: This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail. Additionally, numbers from Comex for December 1 are still preliminary as of publishing. Numbers may change some.

This Comex delivery analysis is usually published on First Notice Day. This is directly after First Position day. The Open Interest on the close of First Position is usually a great indication of what delivery volume the month will see. These are when contracts must post 100% collateral for their futures contract.

Alternative Economists Were Right – the Stagflation Crisis Has Arrived

from Birch Gold Group:

For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the dollar and the forced dependence on globalism that has outsourced and eliminated most U.S. manufacturing.

The problems of devaluation and stagflation have been present since 1916 when the Federal Reserve was officially formed and given power, but the true impetus for a currency collapse and the destruction of American buying power began in 2007-2008 when the Financial Crisis was used as an excuse to allow the Fed to create trillions upon trillions in stimulus dollars for well over a decade.

The Long Cycles Have All Turned: Look Out Below

by Charles Hugh Smith, Of Two Minds:

But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop.

Long cycles operate at such a glacial pace they’re easily dismissed as either figments of fevered imagination or this time it’s different.

But since Nature and human nature remain stubbornly grounded by the same old dynamics, cycles eventually turn and the world changes dramatically. Nobody thinks the cyclical turn is possible until it’s already well underway.

COMEX Gold at a Crossroads

by Craig Hemke, Sprott Money:

It has been a wild and volatile month for gold investors, and what happens next will go a long way toward determining whether or not 2022 will be a better year than 2021.

Let’s begin by looking backward. The year 2021 began with the COMEX gold price near $1900 and with many tailwinds seemingly at its back. Inflation was poised to surge over the year, and with that, real interest rates would fall. We expected that this would lead to a general rally in price, but it has not. Why?

One word: “transitory”.

The Kremlin Made a Strategic Mistake by Refusing the breakaway republics request to be reincorporated into Russia where they historically resided

by Paul Craig Roberts, Paul Craig Roberts:

The Kremlin demonstrated indecision and weakness, and left a festering wound that Washington is exploiting.  As I have long warned, the Kremlin’s passivity will result in war. 

The situation has developed precisely as I forecast.  The Kremlin’s failure  in 2014 to reincorporate the Donbass Russians back into Russia has played into Washington’s hands. The Kremlin gave Washington years to arm and train the Ukrainians, to continue the hostilities toward the Donetsk and Luhansk Republics, and to conduct a propaganda campaign that paints Russia as the aggressor.  Mistakes of this magnitude usually result in war.

When Will Consumers Balk at Surging Prices?

by Wolf Richter, Wolf Street:

That’s the big question. Looking for signs of widespread push-back but not finding much. Consumers pay whatever.

One of the bizarre factors that has driven the current surge in inflation – the worst in 30 years per CPI-U, the worst in 40 years per CPI-W – has been the sudden and radical change in the inflationary mindset among consumers and businesses.

The Market from Hell Arrived Today: Dow Soars then Plunges in 1,000 Point Intraday Range

by Pam Martens and Russ Martens, Wall St On Parade:

If you’re a stock market watcher you might want to invest in a neck brace if today’s whipsawing action is any gauge of what’s ahead.

Just this morning we warned our readers to buckle up for the unwinding of the massive stock market bubble that Fed Chair Powell has been feeding with his keys to an unlimited, electronic-money printing press and his zero-interest-rate policy.

As if on cue, the Dow Jones Industrial Average put on a firework display today, first zooming to an intra-day high of 35,004.64, then plunging to a low of 34,006.98. By the closing bell, the Dow was down 461.68.