Maybe it will be possible down the road somewhere …

Good Morning

If we could somehow normalize relations with Russia Trump would be a huge success. Unfortunately the people Trump answers to will never allow it.

Wall Street Mav
@WallStreetMav
The Netherlands is about to commit financial self-destruction. Their parliament just passed a 36% tax on unrealized gains for investments.

This will cause wealthy people to move to another tax jurisdiction. People will avoid launching a new business. Stock market investing will dry up.

There is too much downside risk, very little upside potential. The govt is confiscating most of the potential upside, but leaving the investor with the downside risk.

The politicians know this, they have discussed it and they are concerned about it. But they did it anyways to close a short term budget gap of roughly $2 billion. As with other countries that attempted a wealth tax, it will likely backfire and result in less tax collected after wealthy people leave.

The results will be so negative, the govt will reverse course within a few years. But by then the damage is already done.

https://x.com/WallStreetMav/status/2022096868595872196

Dollar Detente? Kremlin Memo Explores Rejoining US-Led Financial System

The Kremlin apparently has a highly ambitious proposal for finally mending relations with the United States and wooing the Trump administration to its side regarding resolution to the Ukraine war.

It centers on Russia weighing a return to the dollar-based settlement system as part of a broader economic reset with the White House, according to an internal Kremlin memo reviewed by Bloomberg.

https://www.zerohedge.com/geopolitical/dollar-detente-kremlin-memo-explores-rejoining-us-led-financial-system

for absolutely no reason I can see. Similar to yesterday’s beat down, no rhyme or reason for it.

CPI today will move things around when it comes out in a few hours.

I find I use it, and its live charts too, many times daily and would recommend it to anyone who deals in silver or gold or any other commodity and wants live prices.

https://tradingeconomics.com/commodity/gold

Again, many thanks, SNG

“Goldman Sachs’s top lawyer, Kathryn Ruemmler, has just resigned in the wake of the Justice Department’s release of emails and other material that revealed her extensive relationship with Jeffrey Epstein.”

oh, what a tangled web…

oh, how slowly it unravels…

We’re still at $5000 gold but they acted like it dropped to $3000 today. Eff off bullion fake ass banks.

Maybe see how much metal they can shake especially on margins before the call for delivery and the shelves are empty. Looks like we’re going test support. Hope people to took profits off the table have dry powder ready when they do. They certainly will as they rob everyone on the way down.

Sooner or later, it’s coming. I wonder about March and deliveries/default etc. Everyone is watching and aware, that’s not usually the time. Whenever we go, I suspect it will be a surprise. I’m pretty sure they are in the midst of fixing March’s problems right now.

I’m really tired of this crap though.

Martin Armstrong has the war drums heating up again in April … but a bottom could come sooner … in March … if the bankers can’t swindle another selloff then too.

As with today they used the algos to trigger a minor liquidity event … that could blow over tomorrow … or a week from now … which is my thinking … reason being the open interest (OI) put call ratios for GDX and NUGT are still in extremely vulnerable positions … which could pose a problem going into expiry.

This, plus some index related weakness in the broads … could provide a negative liquidity environment.

And if this kind of betting persists through March … well … then Martin could be right.

EDIT – I forgot to say with earnings coming out now … where speculators are long PM stock index calls … this is the reason they may not cover these positions because the earnings should be good.

That’s the problem … it’s always the gamblers looking to make big money quickly.

Cheers

Repeal the National Childhood Vaccine Injury Act: The Original Petition

Repeal the National Childhood Vaccine Injury Act: The Original Petition | ZeroHedge

As you, informed citizen, are likely aware, if you follow the machinations of the unholy marriage between state and pharmaceutical industry, Congress, in its infinite benevolence and wisdom, kindly granted in 1986 special protections to vaccine manufacturers not afforded before or since to literally any other industry: blanket legal immunity for damages caused to consumers.

The argument in favor of the special treatment, which has been oft-repeated up until the present day by the industry and its water carriers, was that holding vaccine manufacturers accountable for the death and devastation they wrought on their customers, whom some might call less charitable their victims, exposed them to such great legal risk that they would simply stop producing vaccines if that standard held and millions of children would die of smallpox… or whatever.

Related: Elizabeth Warren DESTROYED by X Community Notes Over Pharma Corruption

The “we would kill so many people with your concoctions we wouldn’t be able to stay in business if we had to pay their families” is a curious plea indeed.

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[If you appreciate Armageddon Prose, please consider a $5/month or $50/year Substack subscription or a one-time digital “coffee” donation. For alternative means of patronage, email benbartee@protonmail.com.]

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What’s more — as if, in effect, granting an industry carte blanche kill or maim whomever it pleases under the guise of sound Public Health™ policy weren’t sadistic enough — in order to gain access to public schools, worksites, and other resources necessary for participation on the society and economy, these products are often mandated.

In a finale affront to basic morality and common sense, the regulatory hurdles, such as they are, required in order to get these products to market in the first place are often rigged by the very same industry the regulators are meant to regulate — activity which constitutes a crime, namely fraud, that is almost never prosecuted.

Related: Moderna Withheld Data From FDA Regulators to Get Bivalent Booster Approved

The state-facilitated sadism is simply too great a burden for a people with any self-respect or self-preservation instincts to bear.

SIGN THE PETITION TO END IT

Ipso – I guess why not? They get away with it no questions asked.

maddog – I would have thought Iran too, war is bad for pm’s, but I’m not seeing any news. Maybe they just couldn’t hold the SM up any longer and decided to sell pm’s.

Captain – I think we’re holding the winning tickets with pm’s too. Hopefully it won’t be too long now before it unravels. Days like today make it seem like it will never happen.

I look away for a couple of hours and look what you let happen.
Shares we’re getting close to what they were at $115.

Make no mistake … you are going to see a lot of government buying over the next week or so … taking advantage of China being on holidays … getting ready for March … sending a message to the market … Texas doesn’t matter (MOPE – thank you Jim Sinclair).

And if you think this is something … just wait until long rates hit 20% … yikes.

ALASDAIR MACLEOD | Long end yields will soar past 5%, 10%, 20% as debt trap has been sprung!

PMs will be the only show in town in the not-too-distant future folks.

Make no mistake.

Cheers all

a rough couple of weeks for us in the PM arena with a lot of the Chinese players off on vacation….

Scum are playing the same games and following the playbook. Could be wrong, but I try to use these downdrafts as opportunities to add to a few PM shares…..

i-80 Gold Secures Financing Package of up to US$500M to Advance Development Plan; Involves Franco-Nevada

https://finance.yahoo.com/news/80-gold-secures-financing-package-121700119.html

Ridiculous action! Not even a little believable as a real market decline. Sheesh

Paper kings are destroying the sector again for no reason I can see. The bullshit just never ends.

Yes I think both of those items will eventually disappear.

The premiums once the metals are trading at reality-based levels.

And the taxes will go once states secede.

Both of these items are eventualities given the commies in DC have been fully exposed. (with Epstein)

First up in the West will be a breakup in the EU that will pave the way for the formerly United States.

A matter of economic necessity once petrol prices show people what is what as they skyrocket.

People will stay closer to home … the world will get much larger again … living standards will plummet.

People will be happier once acclimated.

Cheers