Oct 11

Today’s News 11th October 2024

  • Globalists Are Taking The Mask Off And That's A Bad Sign…
    Globalists Are Taking The Mask Off And That’s A Bad Sign…

    Authored by Brandon Smith via Alt-Market.us,

    Remember the last time the globalists took the mask off?  It wasn’t that long ago, but some people might have already forgotten how the western world almost lost all individual freedom under the guise of an over-hyped health emergency.  When globalists are honest about what they truly want, it usually coincides with an engineered calamity.

    In the two years since the failure of the covid pandemic narrative I have argued that globalist organizations are trying to regroup under a new plan. The evidence suggests that these people suffered a shocking revelation after their attempt to implement perpetual medical tyranny. They’ve realized they don’t have as much control over the flow of information and public discourse as they originally assumed.

    Even with full-spectrum censorship using algorithms to bury contrary data, even with the full force of the government partnering with social media to silence dissent, even with the threat of economic exile for anyone refusing to take a steady series of mRNA jabs, they still failed. The truth about covid’s minimal Infection Fatality Rate (IFR) still spread, along with data proving the uselessness of the mandates and lockdowns.  There was nothing they could do about it.

    Their golden ticket to total control was pushing the vaccine passport concept; the alternative media crushed that agenda like a pestilent cockroach. If the passport had been successful we would not be having this conversation now. Everyone would be in fear of having their passport rescinded. Everyone would be afraid to lose their economic access for saying the wrong thing. Everyone would be afraid of being forced into covid camps (which were indeed a real agenda). Or, we would be in the middle of a bloody civil war.

    The events of 2020 were meant to initiate the ultimate coup against humanity. The globalists admitted to their plans over and over again. Klaus Schwab and the World Economic Forum proudly declared covid the catalyst for the “Great Reset” and the “Fourth Industrial Revolution.” They asserted that the lockdowns were just the beginning and that the sweeping restriction on our freedoms would be extended to climate change as well.

    They thought they had won without firing a shot, but it’s not that easy. Far more people are awake and aware of their motives than they realized, and, at least in America, over 50 million of those people are armed.  The lockdowns are now gone, almost no one took the vax boosters, far fewer people took the vaccine than the CDC claims, and the vax passports were defeated. This victory was made possible due to the efforts of alternative media platforms circumventing Big Tech censorship. It’s that simple.

    This is why the next event will probably be far worse in scale and consequence, and the globalists are already attempting to rectify their previous mistake of underestimating citizen journalism. They will try to silence us if they can and they are openly admitting to it in recent conferences and mainstream articles.  The mask is coming off once more and this suggests to me that something very bad is about to happen.

    As I noted in 2023 in my article ‘From Covid To Climate Change: Vehicles For Global Authoritarianism’, the globalists seem to have shifted their more tyrannical efforts away from the pandemic and into the climate discourse. If you really want to know what they are up to these days, you have to watch the climate conferences.

    At the end of September there was a host of climate change summits including one held by the WEF in New York called the Sustainable Development Impact Meeting.  It was held by the WEF in tandem with the United Nations General Assembly. Not surprisingly, discussion often veered away from climate into “threats to democracy” as well as bitter complaints about the “spread of disinformation.”

    John Kerry, former Democratic presidential candidate, former Climate Czar under Joe Biden and a longtime participant in the WEF, said the quiet part out loud at the summit. He argued that the 1st Amendment was a “roadblock” to proper governance and was preventing the elites from controlling public consensus.

    His statements are quite blatant.

    First of all, consensus is highly overrated and often poisonous. The very basis of science is that it is always up for debate according to the evidence. Once you have forced a “consensus” you have abandoned all due diligence under the scientific method.

    This was made obvious during covid, where the “consensus” was exposed as utterly fabricated and most of the claims made by governments and puppet “medical experts” have been proven false. Keep in mind, these were the same people that tried to ban YOU from going to parks and waterboarding at the beach in the name of “flattening the curve.”

    I mean, how retarded do you have to be to believe that outdoor activities will lead to viral transmission? That’s not science, that’s hysteria promoted by people claiming to represent science. The same thing goes for the mask mandates, social distancing, the lockdowns, etc. Not one measure they enforced was legitimate.

    If we are talking about the concept of man-made climate change, the claim of consensus in science is a lie. The data suggests there is simply no such thing as man-made climate change. There is no evidence of causation between carbon emissions and global warming. No evidence that global warming causes extreme whether. No evidence that our current warming cycle is significant or unique compared to any other warming cycle in history.

    In fact, the Washington Post recently and accidentally proved the alternative media’s point on climate change when they tried to map the temperature history of the Earth over 450 million years, only to discover what I have been saying for the longest time – Today’s temps are far lower than they have been through most of the Earth’s history.

    But the more important issue here is John Kerry’s assertion that governance requires public information control. Kerry’s fundamental disconnect is his notion that it’s the job of the elites and the government to moderate information for the greater good. No one gave them permission to do this. The government does not exist to create consensus.

    The people are in charge, John. As a politician you are just a public servant, nothing more. Your opinions on free speech don’t matter.

    Some of the most egregious disinformation is often released to the public by the government and their approved media sources in the name of “saving democracy.” They lie constantly. John Kerry is just angry because now the public has the means to expose him and his cohorts. If a “democracy” requires censorship in order to survive, then it’s not worth saving.

    Finally and hypocritically, Kerry suggests that democracy is “too slow” in implementing the changes to society that he views as necessary to create consensus and “unity.” If the 1st Amendment is a “roadblack” to more effective information control and governance, then he and his slimy brethren must intend to remove it. In other words, he believes tyranny would work better because it’s much faster that trying to manipulate the public with propaganda.

    He doesn’t explicitly say this, but that’s exactly what he’s inferring.

    Besides some of the speeches made by Klaus Schwab at the height of the pandemic, Kerry’s statements might be the most open declaration of globalist authoritarian intent I have ever heard. He’s pulling the mask off and this has me concerned.

    His arguments fall in line with a number of articles published in the past couple months from establishment media platforms. The New Yorker just posted an article asking ‘Is It Time To Torch The Constitution?’ The New York Times published a treatise titled ‘The Constitution Is Sacred. Is It Also Dangerous?’ They also wrote an article highlighting the potential positives of despotic governments in countries like Brazil threatening to shut down public access to Elon Musk’s X (Twitter) in order to force the site to censor citizen accounts. These people are on a war path to convince the public that free speech is a threat.

    When political elitists and their lackey’s start attacking free speech it’s usually in preparation for a major crisis that they hope to use as a vehicle to eliminate public freedoms. Free speech is the most important liberty because it enables the populace to discern through debate what the truth is and what to do about it.

    The globalists thought they had a lock on information during covid and they were wrong. They won’t make the same mistake again. Whatever the next crisis ends up being, they will definitely seek to silence the the alternative media and any rebellious social media platforms before they move forward.

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    If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

    Tyler Durden
    Thu, 10/10/2024 – 23:25

  • Club Car Warns Golf Courses: Geomagnetic Storm Will Impact Smart Cart Operations 
    Club Car Warns Golf Courses: Geomagnetic Storm Will Impact Smart Cart Operations 

    A severe geomagnetic storm disrupted golf cart operations relying on GPS technology at courses across the Mid-Atlantic and Northeast. On Thursday, Club Car sent an email to courses, warning that a powerful solar storm “will impact all GPS devices” on these high-tech carts.

    Courses that use ‘Club Car Connect,’ a heads-up display in the golf cart that utilizes GPS and acts as rangefinders for golfers while simultaneously allowing course management to geofence locations on each hole, experienced widespread disruptions during today’s solar storm, which brought many carts at various courses to a standstill.

    “Geomagnetic storms will impact all GPS devices, and the Visage Units may be affected by this solar event. You may experience cars falsely triggering action zones during this event, our recommendation is to reduce the restriction of action zones or turn off the zones. We will continue to monitor conditions today,” Club Car Connected Account Manager David Nichols, PGA, wrote in an email to US courses.

    In other words, the solar storm interfered with the GPS satellite signals used by the carts, causing inaccurate location data and triggering course restrictions. This sent many golf carts into snail mode, which only infuriated golfers. According to the email, the solution was to turn off the geo-fencing limits.

    Into the evening, a severe solar storm is underway.

    Colorful auroras could be visible in areas across the nation.

    Intense solar storms can wreak havoc on the modern economy.

    The chaos on courses today was a first-world problem.

    Tyler Durden
    Thu, 10/10/2024 – 23:00

  • UN Accuses Israel Of Firing On Its Peacekeeping Force In Lebanon, Wounding Two 
    UN Accuses Israel Of Firing On Its Peacekeeping Force In Lebanon, Wounding Two 

    Amid ongoing heavy fighting between Israeli forces and Hezbollah in south Lebanon, the only external troops which have long been present on the ground are a group of UN peacekeeping troops. They are a mainly Irish contingency, called the United Nations Interim Force in Lebanon (UNIFIL), and have remained near the Israel-Lebanon border since the 2006 war.

    The UN peacekeepers have been increasingly alarmed over the Israeli army setting up forward bases in areas near their operations, and this week the Israeli government alerted the UN troops they must move positions or risk coming under fire. 

    That appears to have happened this week. On Thursday the UNIFIL force said its headquarters came under fire by the Israeli army and that two of its troops were wounded. The UN team had refused Israeli army (IDF) demands to evacuate its position further north, setting up for a bloody standoff as tanks moved in.

    Source: AFP

    “The injuries are fortunately, this time, not serious, but they remain in hospital,” said UNIFIL in its statement. UNIFIL is further calling the fresh incident “very serious” given the IDF “deliberately fired” on its positions.

    The UN HQ is located in the village of Labbouneh, and its team said IDF fire hit “the entrance to the bunker where peacekeepers were sheltering, and damaging vehicles and a communications system.”

    The statement warned that “targeting peacekeepers is a very serious violation, not only of Resolution 1701 but also of international humanitarian law.” Monitoring cameras have also been destroyed. The Israeli action reportedly involved several tanks.

    “If the situation becomes impossible for the mission to operate in the south of Lebanon … it will be up to the Security Council to decide how to move forward,” the UN said. Israel’s military did not issue immediate comment.

    Days prior, UNIFIL said it is “deeply concerned by recent activities by the IDF immediately adjacent to the Mission’s position 6-52, southeast of Maroun al-Ras… inside Lebanese territory.”

    Italy is among countries contributing to the UN mission who are outraged, and its government summoned the Israeli ambassador in Rome. “The shooting at the UNIFIL headquarters” which involved “small arms fire” is “intolerable, they must be carefully and decisively avoided,” Italian Defense Minister Guido Crosetto Crosetto said in a statement.

    Source Al Jazeera

     Ireland too has issued formal protest and is livid:

    Two United Nations (UN) peacekeepers in southern Lebanon have been wounded after an Israeli tank directly hit a UN observation tower, prompting outrage from troop-contributing nations.

    Italy, which leads the 10,000-strong peacekeeping force along the Lebanon-Israel border, said firing on UN bases broke international law, and summoned the Israeli ambassador. 

    Ireland, which contributes several hundred soldiers to the force, said targeting peacekeepers was “reprehensible and unacceptable”.

    Typically in any UN Security Council vote which seeks to censure Israel for military actions, the United States is among the lone vetoes. Washington has rarely spoken up in defense or support of the UN peacekeeping mission in south Lebanon. The UNIFIL force was establish all the way back in 1978, in connection with Israeli incursions into Lebanon, and related to the events of the Lebanese civil war of the latter part of the 20th century.

    Tyler Durden
    Thu, 10/10/2024 – 22:10

  • Watch Live: Elon Musk Unveils Tesla's Robotaxi
    Watch Live: Elon Musk Unveils Tesla’s Robotaxi

    “The Most Important Tesla Event Ever”

    Tesla’s much awaited Robotaxi event, “We, Robot,” is set for tonight, live from Warner Bros. Discovery Studios in Hollywood, Los Angeles. The event starts at 7 p.m. and will be livestreamed on Tesla’s social media platforms, including X and YouTube.

    It’s widely rumored that the event will feature prototypes of Tesla’s upcoming autonomous vehicle, which has been spotted around the studio grounds and key locations in San Francisco and LA.

    Tesla has been actively collecting Full Self-Driving (FSD) data in these areas ahead of the event, fueling speculation about new advancements like Robotaxi sanitization and wireless EV charging. As we noted weeks ago, invites were sent to winners of a shareholder raffle, with tickets arriving just days before the event.

    “Join us for We, Robot — our official unveiling of the future of autonomy,” the invitation read. 

    Wedbush’s Dan Ives has said of the event: “We believe this is a pivotal time for Tesla as the company prepares to release its years of Robotaxi R&D shadowed behind the curtains, while Musk & Co. lay out the company’s vision for the future.”

    Some enthusiasts are calling it “the most important Tesla event ever.”

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    Cybercab Expectations

    The folks at NotTeslaApp expect: “Tesla to deliver a small, two-door sedan with two seats. The car is expected to have four wheels, although there was some speculation of three wheels at one point”. They write  that it’ll “likely include a good amount of trunk space for luggage as well”

    They write that Tesla’s Robotaxi is expected to be smaller than current models, resembling a compact version of the Model 3 with a simplified interior focused on autonomy and low-cost production. It will likely feature a single central screen like the Model 3, but with a stripped-down UI displaying key information such as ETA and fare price.

    While Tesla may not reveal much about FSD hardware, the Robotaxi will probably include the upcoming Hardware 5 FSD suite or new hardware designed for redundancy and safety, essential for autonomous fleet operations.

    According to Electrek, the robotaxi is rumored to be “Cybertruck-like” in design, without a steering wheel or pedals, and potentially smaller in size. A prototype was spotted testing at the Warner Bros. lot. Tesla may also showcase its latest Optimus humanoid robots with a focus on autonomous features.

    Inside EVs Prototype Rendering

    Gene Munster with Deepwater Asset Management tells MarketWatch he expects “at least a robotaxi prototype, and talk of a ‘Model 2’ cheaper EV”.

    “What will most likely be on display is a demonstration of the latest iteration of FSD [full self-driving] software and a demonstration of a fully autonomous ‘cybercab’ in a closed or semi-closed course,” Morgan Stanley’s Adam Jonas wrote last month, per Yahoo Finance. 

    He believes the robotaxi will come from the preexisting fleet of Tesla vehicles already on the road:

    While the cybercab — a vehicle envisioned as one without a steering wheel or pedals — may be the natural fit for a robotaxi, Jonas believes it is the preexisting fleet of Teslas out on the road that, when combined with FSD and Tesla’s upcoming rideshare mobility app, will allow owners of those Tesla EVs to put those vehicles on Tesla’s rideshare service. The true game changer would be unlocking the potential of those vehicles, he said.

    “It is our expectation that Tesla will offer a ‘dual’ approach with respect to autonomous ridesharing: (1) the fully autonomous app-based cybercab and (2) a ‘supervised’ autonomous/FSD rideshare service. We think the latter of these may get the most attention or have the greatest room to surprise investors, at least near term,” he said.

    Deutsche Bank’s Edison Yu added his expectations: “For Robotaxi Day on Oct 10th, we expect an unveiling of the ‘CyberCab’ at the venue, [and] some type of robotaxi demo … Moreover, Tesla should unveil the new lower cost vehicle slated for SOP [start of production] next year (“Model 2” or cheaper/smaller Model 3 variant).”

    Expectations For Release Timeline And Final Product

    Expectations for a final or near-final working product seem low. “Few observers, if any, expect a fully functioning product,” Reuters wrote. 

    “We believe the robotaxi event will be long on vision, and short on immediate deliverables or incremental revenue drivers,” Bernstein analyst Toni Sacconaghi said. 

    Tesla executives will need to “reinforce to consumers and investors that they continue to be innovators,” Gene Munster with Deepwater Asset Management told MarketWatch. “The bar on the robotaxi is is pretty high, but the rest of the stuff is pretty easy, they don’t need to roll a vehicle out there. They can just talk about it,” he added.

    Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions LLC, added: “Tesla’s history is overpromise and underdeliver, so whatever timing is put on this vehicle, it’s going to be pushed back. We are still considering what promises will make it to production and what won’t”.

    Longtime Tesla bull and Morgan Stanley analyst Adam Jonas says to “keep expectations well managed” for the event. 

    “We think this [robotaxi fleet] is still several years away and numerous technological hurdles, safety tests, and regulatory approvals are still standing in the way,” Garrett Nelson of CFRA told Yahoo Finance.

    Impact On Tesla Stock Price

    As far as impact on the stock price, Elliot Johnson, chief investment officer at Evolve ETFs, which manages investments in Tesla, told Reuters: “They need to get going because this has been sort of discussed, rumored, talked about and announced in various forms for a while.”

    He says nothing announced this week will have a financial impact for one to two years, the report says. Barron’s has also speculated that the event could be a “sell the news” event. Columnist Al Root wrote that “Robotaxi Day may be Elon Musk’s last chance to convince investors that Tesla still has it”. 

    Edison Yu has been telling his clients to be “tactically cautious” with the stock. 

    Reaction By Other Autonomous Driving Companies

    Elsewhere in autonomous driving, Investing.com did a good job laying out what competitors and the rest of the industry may be watching.

    The U.S. rideshare market, currently just 1% of total miles driven, could expand significantly with the introduction of autonomous vehicles (AVs), according to Morgan Stanley. While Tesla’s technological advancements may drive faster AV adoption, the transition faces challenges in scaling and regulation.

    Tesla’s potential to launch a Level 4 (L4) autonomous service could yield a 41% cost advantage over Uber and Lyft, and 21% over Waymo, thanks to its camera-based approach versus Waymo’s sensor-heavy system. Market trends in cities like Austin and Phoenix will indicate whether AVs can integrate effectively with rideshare platforms, a key concern for Uber’s hybrid model strategy.

    We’ll know more in just hours…

    Tyler Durden
    Thu, 10/10/2024 – 21:50

  • Visualizing The Severity And Prevalence Of Addictive Substances
    Visualizing The Severity And Prevalence Of Addictive Substances

    Addiction is a complex subject, much of our understanding of which is incomplete, as many common and rewarding substances have the potential to be “addictive.” Still, the relative harm associated with that addiction is not linear, nor are the consequences of the addiction.

    For this graphic, Visual Capitalist partnered with the Global Kratom Coalition to explore the landscape of addictive substances and investigate why some substances have more risk than others.


    How Common Are Substance Use Disorders?

    The 2023 United States National Survey on Drug Use and Health (NSDUH) reported that nearly 50 million Americans believed they had some form of substance use disorder (SUD).  

    SUDs are characterized using 11 criteria, including how dependent a person becomes on a substance and whether the person continues to use it despite adverse effects.

    However, a person does not need to meet all 11 criteria to be considered to have an SUD. Instead, the more criteria a person meets, the more severe the SUD is. 

    It’s worth noting that not everyone reacts to a substance in the same way. People may develop use disorders depending on their genetic predisposition, family history, socioeconomic status, mental disorders, trauma, and, importantly, the substance involved.

     

    How Severe are Addictive Substances?

     

    A substance can impact a person in various ways. However, the impact is determined by how many of the 11 criteria a person endorses.

    So, a person is considered to have ‘mild symptoms’ if they endorse 2-3 criteria, moderate 4-5, and severe would be the endorsement of 6 or more criteria.

    When analyzing the symptoms people describe after using certain substances, the severity of these symptoms is heavily dependent on the substance in question. For example, Kratom and caffeine users are more likely to experience mild symptoms, while severe symptoms are more common with substances such as heroin.

     

    How Many Adverse Events are Caused by Substances?

     

    While substances do impact people in different ways, it’s important to note when this impact becomes an adverse event—a harmful or undesirable outcome resulting from exposure to a toxic substance. 

    But, the volume of adverse events is also often tied to how many people use the substance in question, with the most common substances like alcohol and cannabis generating the most adverse events—despite their relatively mild symptom profiles.

     

    Kratom: A Misunderstood Leaf

     

    Millions of people battle against substance abuse every year. However, the severity of symptoms and the impact those symptoms can have on a person vary. But, substance use disorders are common, underscoring the urgent need for a deeper understanding of the complex nature of addiction and substances in general.

    Are you interested in continuing the vital conversation around addiction?

    Tyler Durden
    Thu, 10/10/2024 – 21:20

  • Harris Proposes Medicare Coverage For Senior Home Care
    Harris Proposes Medicare Coverage For Senior Home Care

    Authored by Emel Akan via The Epoch Times (emphasis ours),

    Vice President Kamala Harris proposed a new plan on Oct. 8 that would require Medicare to cover the cost of long-term home care.

    With the election only 27 days away, the Democratic nominee made the announcement first on ABC’s “The View.”

    US Vice President Kamla Harris delivers remarks on the first anniversary of the Hamas attack on Israel at the Naval Observatory in Washington, DC, on October 7, 2024. (Photo by Ting Shen / AFP) Photo by TING SHEN/AFP via Getty Images

    Harris said that caregivers are facing challenges in balancing their lives, particularly when they are working while also needing to care for their aging parent and their children.

    “We’re finding so many are them having to leave their jobs, which means losing a source of income, not to mention the emotional stress,” she said during the show.

    Almost one in five Americans over the age of 65 require assistance with basic daily tasks such as bathing, dressing, eating, and toileting, according to a 2023 study published in medical journal Epidemiologia.

    Medicare generally does not cover home health care services. Medicaid offers a long-term care safety net but to qualify for coverage, people “must meet state-specific eligibility requirements regarding their levels of income, wealth, and functional limitations,” a Brookings report said.

    A worker assists an elderly woman during an activity session in a Day Care center in California on Feb. 10, 2011. Justin Sullivan/Getty Images

    An estimated 105 million people provide unpaid care across the country, according to studies.

    Harris said her plan would require Medicare to provide better wages to care workers and improve the quality of care for seniors and those with disabilities.

    Any plan would need Congressional approval to take effect.

    It is uncertain how much her home care proposal will add to the national debt.

    In response to Harris’s announcement, the Trump campaign drew attention to his plan to remove tax on seniors’ social security and other measures for seniors receiving at-home care.

    “Trump will prioritize home care benefits by shifting resources back to at-home senior care, overturning disincentives that lead to care worker shortages, and supporting unpaid family caregivers through tax credits and reduced red tape,” the campaign said in a statement.

    During an interview with CBS’ “60 Minutes” on Oct. 7, Harris faced several questions regarding the funding of her economic plan, which included the expansion of the child tax credit.

    In September, Harris announced new economic proposals, including permanent restoration of the COVID-19-era increase in the Child Tax Credit to as high as $3,600 per child up from $2,000 currently, and a $6,000 one-time tax cut for families with newborns.

    The national debt clock at a bus station in Washington on Aug. 6, 2024. Madalina Vasiliu/The Epoch Times

    According to the Committee for a Responsible Federal Budget, the vice president’s previous proposals were projected to raise the debt by $3.5 trillion over the next decade.

    Harris maintained her position that she would increase taxes on the wealthy.

    When questioned about Congress’s lack of willingness to raise taxes and how she would achieve consensus on the matter, Harris disagreed and said there are “a lot of folks in Congress” who agreed with her plans to raise taxes.

    Tyler Durden
    Thu, 10/10/2024 – 20:55

  • "Wow, Absolutely Speechless!": Northern Lights Visible Across DC, NYC, Boston  
    “Wow, Absolutely Speechless!”: Northern Lights Visible Across DC, NYC, Boston  

    A solar storm classified as “severe” (ranked 4 out of 5 in severity) hit Earth on Thursday and brought stunning displays of the northern lights. 

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    Look up! 

    Whoa. 

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    Here’s what X users are seeing:

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    *Developing…

    Tyler Durden
    Thu, 10/10/2024 – 20:06

  • First Springfield, Then Charleroi, Now Migrant Crisis Swamps This Small Indiana Town
    First Springfield, Then Charleroi, Now Migrant Crisis Swamps This Small Indiana Town

    First, Springfield, Ohio, then Charleroi, Pennsylvania, and now Logansport, Indiana—these small towns share one thing in common: Each has seen a massive influx of Haitian migrants that the Secretary of Homeland Security granted Temporary Protected Status. These migrants are dumped into towns with factories, replacing blue-collar native-born workers by the thousands in what we’ve dubbed the ‘Great Job Replacement.’ 

    Local news outlet Mercer County Outlook said the small community of Logansport, located about 78 miles north of Indianapolis, had experienced a 30% population jump since 2021, or about around the time VP Kalama Harris began her new position as ‘Border Czar.’ 

    Population in Logansport as of the last census is just over 18,000…according to statements made the population has increased by 30% since 2021…roughly 5,400.

    The influx of migrants in the small town has strained local resources, including the school system. 

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    FOX59/CBS4’s Angela Ganote spoke with one Haitian migrant who said he came to Logansport because of the Tyson meatpacking plant. 

    The Haitian migrant noted that immigrants make “good money” at the Tyson plant. However, it’s just not good enough for native-born workers.

    Globalists at Tyson have worked with NGOs to replace their US labor workforce with migrants. This was detailed in a note earlier this year titled “How Shadowy Network Of NGOs Supplies Mega-Corporations With Migrants To Exploit Cheap Labor.” Bloomberg also covered this story in a piece titled “Tyson Is Hiring New York Immigrants for Jobs No One Else Wants.”

    Back to Logansport, US Rep. Jim Banks (R-IN) commented on the migrant crisis in the small town:

    In just 2 years an est. 5,000 Haitian migrants have been moved to Logansport, Indiana, a town of 18,000 people. No small community can survive that pace of change. Biden and Kamala’s CHNV program + parole abuses are wreaking havoc in heartland towns like Logansport. Congress must END it.

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    Pivoting to Charleroi, journalist Christopher Rufo found out just exactly how the 2,000 Haitian migrants suddenly arrived in the small PA town. He said the answer was “an open conspiracy between the federal government, publicly funded NGOs, and private corporations.” 

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    This is also happening in Springfield. 

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    And Colorado. 

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    And we believe nationwide. 

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    Great job replacement is already well underway.

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    This is not America First – this is globalist open border corporate profits first. 

    Tyler Durden
    Thu, 10/10/2024 – 19:40

  • Is Gavin Newsom Hoping That Kamala Harris Loses The Election?
    Is Gavin Newsom Hoping That Kamala Harris Loses The Election?

    Authored by Richard Truesdell and Keith Lehmann via American Greatness,

    Two minutes of airtime during the Democrat National Convention in Chicago gave California Governor Gavin Newsom his latest opportunity to build his national stature. As part of the announcement of Kamala Harris’s clinching of the Democrat presidential nomination during a symbolic roll call of state delegates, Newsom portrayed Harris as a “star” who “has always done the right thing” for civil rights, LGBTQ rights, social justice, racial justice, and on just about every pet cause on the left.

    It says something unspoken that this was Newsom’s only official speaking role at the four-day DNC. It put his high-energy delivery on display, lionizing Harris as the future of the Democrat Party but it seemed to us that he was choking on those words as he spoke them. The contrast between his support for Harris and his thinly veiled presidential ambitions was hard to ignore.

    Newsom repeatedly denied that he was ever in the running for the 2024 nomination, yet his high-profile nationwide travels and meetings with government officials in Israel and China demonstrated otherwise. He bought ads in Florida alongside a debate with Florida Governor Ron DeSantis, further adding to the speculation of Newsom’s real intentions.

    His passionately vocal support for Joe Biden after Biden’s June 27 debate disaster seemed tailor-made for Biden to hand his post-campaign withdrawal endorsement to Newsom, and perhaps that was Newsom’s intention all along. All he had to do was stay as close as possible to Biden, keep shouting his praises, and the endorsement would surely be Newsom’s.

    It wasn’t meant to be. Biden, upon announcing his re-election withdrawal, endorsed Kamala Harris as the Democrat nominee for president within hours, forestalling any attempt at an open convention to nominate Biden’s successor. As we have previously suggested, Biden’s move was intentional as a form of revenge for being shoved out of his re-election efforts by Democrat Party bosses (Obama, Pelosi, and Schumer especially, but there were many Democrats who greased the skids for Biden’s exit after his disastrous debate performance).

    Would Newsom have been a better Democrat presidential candidate than Harris? Absolutely.

    Now that Harris is the nominee, does Newsom hope that she wins? Absolutely not.

    Newsom had everything to gain by supporting Biden at his bleakest moment. Even with missing out on Biden’s endorsement, which we believe caught Governor Hair Gel off guard, Newsom has positioned himself well among Democrats as a dynamic campaigner, a capable fundraiser, and having a strong appeal among Democrat base voters. His purported loyalty to Biden only gave him more visibility and differentiation from other leading Democrats who publicly called for Biden to stand down from his re-election effort. But in the larger scheme of things, was this a political miscalculation on Newsom’s part or a calculated move to best position himself for a 2028 run should Harris lose in four weeks? Time will tell.

    With Kamala Harris as the presidential nominee, Gavin Newsom has only to keep his Harris support superficial and work to repair his record at home, letting Harris and others take a majority of the blame for California’s problems. This will be much easier for Newsom if Trump defeats Harris while Newsom makes a token effort to support her.

    This also provides Newsom with four convenient years of runway toward a potential presidential run in 2028. His term as California governor expires in 2026, providing an opportunity to shed much of his poor reputation of contributing to California’s demise and to create a new persona. We’re not sure if it will work, but we are sure it will be tried.

    And it will require Kamala Harris to lose to Donald Trump. Newsom could pull off this trick in 2028 after a Trump presidency while facing a new Republican candidate, likely JD Vance, who had a great night last week in crushing Tiananmen Tim Walz. But he can’t pull this off in 2028 against an incumbent Harris presidency or in 2032 after two Harris terms in office. That window of opportunity will have closed by then.

    A lot of planets will align in 2028 for a Gavin Newsom presidential run, including the entire world’s attention on California for the 2028 Los Angeles Summer Olympics. His state will be glamorized, his failures will be sanitized, and his presidential run will be romanticized in a way only Hollywood can produce. But not if Kamala Harris is the incumbent president, no matter how much she screws things up. That’s what’s called Democrat Political Inertia.

    With so many of the serial failures of the Biden-Harris administration piling up and having no capability to convince voters that their misery is simply not happening, Democrats are probably thinking the same thing as Newsom: Take the loss to Trump, unleash more chaos, and hang their lousy economy and the world on fire around Trump’s neck. Then it’s Gavin Newsom to the rescue in 2026! Most Democrats are too stupid and misguided to believe otherwise. We know; we both live here in California and have seen the damage that Newsom has wrought during his two terms as governor.

    That is why it is utterly critical to Newsom that Harris loses to Trump this year. Gavin Newsom’s presidential ambitions—and they are significant—rest solely on a Harris defeat. Given his naked ambition and historical disdain for Harris, don’t be surprised to see Newsom torpedo his California rival in some below-the-radar manner to save his political future. We don’t call him Governor Hair Gel without reason. He gives new meaning to the definition of the word “slimy.”

    Tyler Durden
    Thu, 10/10/2024 – 19:15

  • Wars Abroad, Natural Disasters At Home… And Biden Said What?
    Wars Abroad, Natural Disasters At Home… And Biden Said What?

    On Thursday Joe Biden mumbled his way through a White House update on Hurricane Milton and the ongoing emergency response, and federal help in Florida. But at one point through the awkward, meandering presser the president was asked the following:

    “What did Prime Minister Netanyahu tell you about his plans related to retaliation?” a reporter posed.

    “He’s coming over to help with the storm,” Biden said.

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    Some media outlets are trying to pass off this disturbing exchange as Biden making a “joke”… but really?

    After all, Biden has already had a litany of “senior moments” and even the Democrats have long quietly questioned behind closed doors his current fitness to lead as Commander-in-Chief at a moment several flashpoints unfold across the seas (and one of those involves NATO showdown with nuclear-armed Russia).

    Only the day prior he held a “direct” 30-minute phone call with the Israeli leader as the Mideast region is on the brink of witnessing a possibly major war between Iran and Israel.

    Little has been said in the aftermath of the phone call, only that the two sides are closing the gap and coming to an understanding of how Israel will respond militarily. But what remains is that the region is certainly on the brink, and thousands are dying in Lebanon, Gaza, and Israel as missiles fly across borders – and ground fighting expands.

    There was another strange moment, at a time Americans are dying in natural disasters at home and at a moment US troops are in harm’s way in the Middle East…

     “Mr. President Trump, former President Trump – get a life man, help these people.”

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    As one conservative X account pointed out… Reminder: Trump is a private citizen who is helping people affected by Hurricane Helene and Milton.

    What is clear from from Thursday’s strange public hurricane response update is that somebody is running things over at the White House and it ain’t Joe Biden.

    Tyler Durden
    Thu, 10/10/2024 – 18:50

  • Disinformation Isn't The Problem… Government Coverups And Censorship Are The Problem
    Disinformation Isn’t The Problem… Government Coverups And Censorship Are The Problem

    Authored by John & Nisha Whitehead via The Rurtherford Institute,

    “What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed? If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer… And a people that no longer can believe anything cannot make up its mind. It is deprived not only of its capacity to act but also of its capacity to think and to judge. And with such a people you can then do what you please.”

    – Hannah Arendt

    In a perfect example of the Nanny State mindset at work, Hillary Clinton insists that the powers-that-be need “total control” in order to make the internet a safer place for users and protect us harm.

    Clinton is not alone in her distaste for unregulated, free speech online.

    A bipartisan chorus that includes both presidential candidates Kamala Harris and Donald Trump has long clamored to weaken or do away with Section 230 of the Communications Decency Act, which essentially acts as a bulwark against online censorship.

    It’s a complicated legal issue that involves debates over immunity, liability, net neutrality and whether or not internet sites are publishers with editorial responsibility for the content posted to their sites, but really, it comes down to the tug-of-war over where censorship (corporate and government) begins and free speech ends.

    As Elizabeth Nolan Brown writes for Reason, “What both the right and left attacks on the provision share is a willingness to use whatever excuses resonate – saving children, stopping bias, preventing terrorism, misogyny, and religious intolerance – to ensure more centralized control of online speech. They may couch these in partisan terms that play well with their respective bases, but their aim is essentially the same.”

    In other words, the government will use any excuse to suppress dissent and control the narrative.

    The internet may well be the final frontier where free speech still flourishes, especially for politically incorrect speech and disinformation, which test the limits of our so-called egalitarian commitment to the First Amendment’s broad-minded principles.

    On the internet, falsehoods and lies abound, misdirection and misinformation dominate, and conspiracy theories go viral.

    This is to be expected, and the response should be more speech, not less.

    As Justice Brandeis wrote nearly a century ago: “If there be time to expose through discussion, the falsehoods and fallacies, to avert the evil by the processes of education, the remedy to be applied is more speech, not enforced silence.”

    Yet to the government, these forms of “disinformation” rank right up there with terrorism, drugs, violence, and disease: societal evils so threatening that “we the people” should be willing to relinquish a little of our freedoms for the sake of national security.

    Of course, it never works out that way.

    The war on terror, the war on drugs, the war on illegal immigration, the war on COVID-19: all of these programs started out as legitimate responses to pressing concerns only to become weapons of compliance and control in the government’s hands.

    Indeed, in the face of the government’s own authoritarian power-grabs, coverups, and conspiracies, a relatively unfettered internet may be our sole hope of speaking truth to power.

    The right to criticize the government and speak out against government wrongdoing is the quintessential freedom.

    You see, disinformation isn’t the problem. Government coverups and censorship are the problem.

    Unfortunately, the government has become increasingly intolerant of speech that challenges its power, reveals its corruption, exposes its lies, and encourages the citizenry to push back against the government’s many injustices. Every day in this country, those who dare to speak their truth to the powers-that-be find themselves censored, silenced or fired.

    While there are all kinds of labels being put on so-called “unacceptable” speech today, the real message being conveyed by those in power is that Americans don’t have a right to express themselves if what they are saying is unpopular, controversial or at odds with what the government determines to be acceptable.

    Where the problem arises is when you put the power to determine who is a potential danger in the hands of government agencies, the courts and the police.

    Remember, this is the same government that uses the words “anti-government,” “extremist” and “terrorist” interchangeably.

    This is the same government whose agents are spinning a sticky spider-web of threat assessments, behavioral sensing warnings, flagged “words,” and “suspicious” activity reports using automated eyes and ears, social media, behavior sensing software, and citizen spies to identify potential threats.

    This is the same government that keeps re-upping the National Defense Authorization Act (NDAA), which allows the military to detain American citizens with no access to friends, family or the courts if the government believes them to be a threat.

    This is the same government that has a growing list—shared with fusion centers and law enforcement agencies—of ideologies, behaviors, affiliations and other characteristics that could flag someone as suspicious and result in their being labeled potential enemies of the state.

    For instance, if you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you could be at the top of the government’s terrorism watch list.

    Thus, no matter how well-meaning the politicians make these encroachments on our rights appear, in the right (or wrong) hands, benevolent plans can easily be put to malevolent purposes.

    Even the most well-intentioned government law or program can be—and has been—perverted, corrupted and used to advance illegitimate purposes once profit and power are added to the equation. For instance, the very same mass surveillance technologies that were supposedly so necessary to fight the spread of COVID-19 are now being used to stifle dissent, persecute activists, harass marginalized communities, and link people’s health information to other surveillance and law enforcement tools.

    We are moving fast down that slippery slope to an authoritarian society in which the only opinions, ideas and speech expressed are the ones permitted by the government and its corporate cohorts.

    The next phase of the government’s war on anti-government speech and so-called thought crimes could well be mental health round-ups and involuntary detentions.

    Under the guise of public health and safety, the government could use mental health care as a pretext for targeting and locking up dissidents, activists and anyone unfortunate enough to be placed on a government watch list.

    This is how it begins.

    In communities across the nation, police are already being empowered to forcibly detain individuals they believe might be mentally ill, based solely on their own judgment, even if those individuals pose no danger to others.

    In New York City, for example, you could find yourself forcibly hospitalized for suspected mental illness if you carry “firmly held beliefs not congruent with cultural ideas,” exhibit a “willingness to engage in meaningful discussion,” have “excessive fears of specific stimuli,” or refuse “voluntary treatment recommendations.”

    While these programs are ostensibly aimed at getting the homeless off the streets, when combined with advances in mass surveillance technologies, artificial intelligence-powered programs that can track people by their biometrics and behavior, mental health sensor data (tracked by wearable data and monitored by government agencies such as HARPA), threat assessments, behavioral sensing warnings, precrime initiatives, red flag gun laws, and mental health first-aid programs aimed at training gatekeepers to identify who might pose a threat to public safety, they could well signal a tipping point in the government’s efforts to penalize those engaging in so-called “thought crimes.”

    As the Associated Press reports, federal officials are already looking into how to add “‘identifiable patient data,’ such as mental health, substance use and behavioral health information from group homes, shelters, jails, detox facilities and schools,” to its surveillance toolkit.

    Make no mistake: these are the building blocks for an American gulag no less sinister than that of the gulags of the Cold War-era Soviet Union.

    The word “gulag” refers to a labor or concentration camp where prisoners (oftentimes political prisoners or so-called “enemies of the state,” real or imagined) were imprisoned as punishment for their crimes against the state.

    The gulag, according to historian Anne Applebaum, used as a form of “administrative exile—which required no trial and no sentencing procedure—was an ideal punishment not only for troublemakers as such, but also for political opponents of the regime.”

    This age-old practice by which despotic regimes eliminate their critics or potential adversaries by making them disappear—or forcing them to flee—or exiling them literally or figuratively or virtually from their fellow citizens—is happening with increasing frequency in America.

    Now, through the use of red flag laws, behavioral threat assessments, and pre-crime policing prevention programs, the groundwork is being laid that would allow the government to weaponize the label of mental illness as a means of exiling those whistleblowers, dissidents and freedom fighters who refuse to march in lockstep with its dictates.

    Each state has its own set of civil, or involuntary, commitment laws. These laws are extensions of two legal principles: parens patriae Parens patriae (Latin for “parent of the country”), which allows the government to intervene on behalf of citizens who cannot act in their own best interest, and police power, which requires a state to protect the interests of its citizens.

    The fusion of these two principles, coupled with a shift towards a dangerousness standard, has resulted in a Nanny State mindset carried out with the militant force of the Police State.

    The problem, of course, is that the diagnosis of mental illness, while a legitimate concern for some Americans, has over time become a convenient means by which the government and its corporate partners can penalize certain “unacceptable” social behaviors.

    In fact, in recent years, we have witnessed the pathologizing of individuals who resist authority as suffering from oppositional defiant disorder (ODD), defined as “a pattern of disobedient, hostile, and defiant behavior toward authority figures.”

    Under such a definition, every activist of note throughout our history—from Mahatma Gandhi to Martin Luther King Jr. to John Lennon—could be classified as suffering from an ODD mental disorder.

    Of course, this is all part of a larger trend in American governance whereby dissent is criminalized and pathologized, and dissenters are censored, silenced, declared unfit for society, labelled dangerous or extremist, or turned into outcasts and exiled.

    As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, this is how you subdue a populace.

    The ensuing silence in the face of government-sponsored tyranny, terror, brutality and injustice is deafening.

    Tyler Durden
    Thu, 10/10/2024 – 18:25

  • Israel Arrests US Journalist Who Documented Damage From Iran Missile Strike
    Israel Arrests US Journalist Who Documented Damage From Iran Missile Strike

    Update (9:00pm ET): According to a Thursday evening social media post from The Grayzone, Israeli police continue to hold journalist Jeremy Loffredo “on suspicion of serious security offenses for publicly publishing… the locations of missile drops near or inside sensitive security facilities, with the aim of bringing this to the notice of the enemy and thereby assisting them in their future attacks.”

    A judge had ordered him released on the grounds that Israeli censors had approved the reporting of Loffredo’s arrest and the information that Loffredo reported, and thus authorities “could “no longer justify his continued detention.” However, the police have appealed, and Loffredo remains jailed.  

    “The claim that Loffredo and The Grayzone represent Israel’s enemy in wartime merely suggests that the Israeli government views the American people and free press as a legitimate target,” The Grayzone wrote, and encouraged concerned Americans to “contact the State Department and urge them to act in defense of their citizen detained in Israel.” In a separate post, editor-in-chief Max Blumenthal directed followers to email the embassy at JerusalemACS@state.gov.  

    * * *

    According to alternative media outlet The Grayzone, the State of Israel has arrested US citizen and Grayzone investigative reporter Jeremy Loffredo just days after he defied censors by posting a report on Iran’s ballistic missile strike, to include documenting the precise location of an apparent impact close to the headquarters of the country’s principal intelligence agency, the Mossad. 

    Grayzone journalist Jeremy Loffredo, seen in his last report before being arrested by Israeli authorities 

    “I’ve just learned that @loffredojeremy was among the journalists arrested by the Israeli military and is still in jail,” said Grayzone founder and editor-in-chief Max Blumenthal via social media. “His phone has been confiscated. That is all I’m able to say for now.” On Wednesday at midday, Grayzone journalist Aaron Maté wrote that Loffredo had already been held for more than 24 hours.

    Russian independent journalist Andrey X said he and Loffredo were among five journalists grabbed by Israeli security forces, with all but Loffredo having been released. No details have yet surfaced about where or why they were arrested.   

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    On Oct. 1, Iran unleashed multiple waves of ballistic missiles on Israel in retaliation for Israel’s assassination of Hassan Nasrallah, the secretary-general of the Lebanese political and military organization Hezbollah, and Iranian Revolutionary Guards commander Abbas Nilforoushan, among others. Despite compelling video evidence that many of those missiles found their targets, Israel downplayed the effect of the Iranian strike while simultaneously declaring it illegal to report on where missiles hit. 

    Undaunted, Loffredo set out to find missile impact sites, and filed a 6-minute video report to The Grayzone‘s YouTube channel, which has nearly 400,000 followers, and to its Rumble channel. In addition to showing the remains of an Iranian missile near Israel’s Nevatim Airbase in the Negev desert, Loffredo was able to find what is almost certainly a huge missile blast site less than a thousand feet from Mossad headquarters.

    “This information is missing from all Israeli media reports, due to the fact it’s been officially censored,” said Loffredo in his report, before showing the precise longitude and latitude of the impact site.  

    Loffredo found heavily damaged vehicles, caked with concrete, near a 30-foot wide crater less than a thousand feet from Mossad headquarters (Screenshot from Grayzone’s report)

    When it comes to challenging Israeli government narratives, The Grayzone has been among the most intrepid outlets in journalism. It was among the first to report on evidence that many Israeli deaths during the Oct 7, 2023 Hamas invasion of Israel were inflicted by the Israeli Defense Forces. The Grayzone was also quick to credibly challenge near-universally-accepted claims that Hamas militants beheaded babies, burned babies in ovens, cut a fetus from its mother, and engaged in mass rape. On the anniversary of Oct. 7, the outlet released a 44-minute documentary: “Atrocity Inc: How Israel Sells the Destruction of Gaza.”

    Loffredo’s previous reporting from Israel included a set of candid and, to some, disturbing interviews with nationalist Israelis who were blocking humanitarian aid for war-ravaged Gaza. While it’s not clear why, it’s currently not possible to link directly to Loffredo’s posts on X/Twitter or to embed them.

    President Biden claims to stand for press freedom around the world. Let’s see if his administration takes a stand against Israel on behalf of this American journalist…or instead shrugs and redistributes a few more billion dollars of American wealth to the perpetrators. In the meantime, watch Loffredo’s last report before he was seized and locked up: 

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    Tyler Durden
    Thu, 10/10/2024 – 18:00

  • The Gold Bull Cycle Has Just Begun
    The Gold Bull Cycle Has Just Begun

    Authored by Adam Sharp via DailyReckoning.com,

    Cycles surround us. In markets, astronomy, and our lives.

    Every day is a circadian cycle for us all. Our bodies move through phases based on our exposure to light or darkness.

    Markets are also remarkably cyclical, responding to the environment around them. Interest rates, regulation, monetary policy and investor psychology all play important roles.

    Precious metals are no different. The sector’s performance ebbs and flows over time.

    From 2000 to 2011, gold crushed the S&P 500:

    Source: Charlie Bilello

    An even better example is from 1972 to 1980 when gold returned 1,256% to the S&P 500’s 97%.

    Of course, stocks take their turn in the spotlight too.

    From 2012 to 2021, stocks returned 336% vs gold’s 16%. And from 1980 to 1999, stocks were absolutely dominant as gold went dormant for nearly two decades.

    Over the past few years, both have done well.

    The point here is that it’s a cycle.

    Just take a look at the chart below. It shows the ratio of S&P 500 performance vs gold through 2021.

    Source: Charlie Bilello

    I believe we switched back to precious metals mode at the beginning of this year. And if this is the beginning of a fresh cycle, we may be in for another 7-plus years of precious metals outperforming stocks.

    Given the magnitude of what we’re facing, it could go on longer than that.

    Catalysts and Causes

    Periods where gold outperforms tend to be chaotic.

    Past catalysts have included a crash at the end of a major bull market (1971 and 2000), and an inflationary shift in monetary policy (1971 and 2000).

    Wars often play a part as well, as they did in the 1970s (Vietnam and others), and the early 2000s (War on Terror). Wars spike deficits and increase the monetary supply. They also drive safe-haven demand from both central banks and investors.

    I believe our situation today fits the bill.

    Stocks are still doing well, for now, but markets look expensive. The chart below, from Longview Economics, shows that 90% of U.S. stock sectors are in their top quartile (25%) of historical valuations.

    Source: Longview Economics on X

    Stocks are richly valued across almost the entire board. This tends to happen near market peaks. And I don’t see any positive catalysts hiding around the corner to drive sustainable real growth.

    Of course, the broad bubble in U.S. stocks could go on for longer than we expect, but at this point, I’m more focused on precious metals and even certain foreign markets.

    To be clear, I do own U.S. stocks and will continue to.

    But during times like these, I lower that exposure and boost my allocation to alternatives, particularly gold and silver.

    Macro Looks Bullish for Gold

    The U.S. and many other countries are reaching a tipping point with debt. Total global debt just reached $315 trillion, which is 333% of global GDP.

    The Federal Reserve just switched into easy-money mode and is likely to fire up formal QE in the near future. China’s central bank just injected massive liquidity to boost its sluggish economy. More countries will follow suit, and global liquidity is poised to surge.

    In addition, we have multiple wars and conflicts raging in Yemen, Ukraine, Israel, Iran and beyond. Nascent proxy wars between the US and Russia are quietly breaking out in multiple African countries.

    Military spending is booming, with Russia increasing its annual defense spending to 40% of its total budget. And China’s defense spending now rivals the U.S. in terms of purchasing power parity (PPP). Naturally, the U.S. is no slouch in this area and is also ramping up spending and production.

    Durable Catalysts

    The stage is set for a powerful precious metals bull market cycle. The problems facing the world are not going away anytime soon. Even if all the conflicts end tomorrow, and they won’t, we’re still facing a structural debt problem of unprecedented magnitude.

    Further conflict and spending will just add gas to the fire.

    For now, markets seem complacent that all is well with the economy. It won’t last forever.  If we get a nice pullback in gold and silver here, and we may well, it’ll be an amazing opportunity to stack up. I will continue to buy on pullbacks.

    Tyler Durden
    Thu, 10/10/2024 – 17:45

  • Some Mass Shooting Survivors Want More Good Guys With Guns
    Some Mass Shooting Survivors Want More Good Guys With Guns

    Authored by Michael Clements via The Epoch Times (emphasis ours),

    Editor’s note: The following story contains graphic descriptions of violence.

    On Jan. 17, 1989, Rob Young happily walked to school sporting a brand-new pair of LA Gear tennis shoes he had received for Christmas. He still remembers how good those shoes felt on his 6-year-old feet.

    Shaelyn Gisler, 4, leaves flowers on crosses named for victims, outside the First Baptist Church in Sutherland Springs, Texas, on Nov. 9, 2017. The church was the scene of a shooting that killed 26 people. Mark Ralston/AFP via Getty Images

    Later that day, he sat under his desk and wondered if he was going to be in trouble over the blood soaking into his shoes. His best friend and fellow first-grader, Scotty, sat next to him, contemplating the gaping wound in his own leg.

    “And that’s when he told me, ‘You know, Robbie, I think we’ve been shot,’” Young said.

    The Stockton Schoolyard Shooting

    On that foggy morning 35 years ago, as Young and his friends played kickball, a disaffected loner sprayed the Cleveland Elementary School playground in Stockton, California, with bullets from an AK-style semiautomatic rifle.

    As children began running and screaming, Young felt something sweep his feet up over his head and then slam him to the ground as something impacted his chest. One of the bullets passed through his foot, narrowly missing the bones. A second bullet lodged in his chest, where it remains today.

    Young said investigators believe the second bullet ricocheted off the ground before hitting him: a bullet of that caliber could have easily passed through his body if it hadn’t been slowed. Doctors determined that removing the bullet was too risky.

    Five children were killed, and 30 other people, including a teacher, were injured.

    The shooting was the impetus for California officials to write the state’s—and the nation’s—first ban on certain semiautomatic rifles, sometimes called “assault weapons.” But that was not the end of the response, the ripples of which are still being felt today.

    Last September, President Joe Biden opened the first White House Office of Gun Violence Prevention. He recently signed executive orders regulating homemade guns and promoting active shooter drills in schools. Vice President Kamala Harris has promised to do more if she is elected to replace her boss.

    “We know how to stop these tragedies, and it is a false choice to suggest you are either in favor of the Second Amendment or you want to take everyone’s guns away. I am in favor of the Second Amendment,” Harris said on Sept. 26 ahead of Biden’s signing the order.

    “I believe we need to reinstate the assault weapons ban, and pass universal background checks, safe storage laws, and red flag laws.”

    Many of the survivors of what has come to be known as the Stockton schoolyard shooting became champions of gun control.

    However, Young took a different path, going on to a career in law enforcement. The best thing to stop a bad guy with a gun is a good guy with a gun, he said.

    He points out that the Stockton shooter ended his rampage by shooting himself, but did so only after he realized armed police had arrived.

    “I always realized that the gun was just a tool that a crazy man used,” Young said. “Would you ever blame a vehicle for a drunk driver who plows into a bunch of kids on a park bench? It didn’t make sense to me to blame an inanimate object.”

    Sutherland Springs

    Zachary Poston said he knows precisely what Young means. On Nov. 5, 2017, he, too, saw the power of a good guy with a gun.

    That day, 17-year-old Poston went to church with his grandmother at the First Baptist Church in Sutherland Springs, Texas, as he had every Sunday for most of his life.

    As a senior at La Vernia High School, he enjoyed computer games and flying the drone that recorded his school’s football games. He looked forward to enlisting in the U.S. Marine Corps after graduation.

    Poston is tentative when asked to recall the events of that day, referring interviewers to court records.

    “It’s been a minute,” he told The Epoch Times.

    According to Poston and another witness, the congregation had finished singing a hymn and were waiting for the sermon to begin when bullets began punching through the church’s front door.

    A convicted felon with a history of mental health issues and a hatred for religion was shooting through the church’s front door. He then moved down one side of the church, shooting through the wall and windows, forcing the people inside to take cover.

    The murderer then moved inside the building, still shooting. Poston saw that a little girl in front of him was in the open, so he pushed her under the pew in front of him with his foot. The act drew the killer’s attention, and he raked Poston’s body with gunfire.

    Poston’s grandmother threw herself over him.

    “My grandmother took the bullets that would have killed me,” Poston said.

    Across the street, Stephen Willeford had been resting in anticipation of being called to his plumbing job at a local medical facility later in the day.

    He thought he heard someone tapping on his window. Then his daughter came into the room and told him something was happening at the church across the street.

    An aerial photo showing the site of a mass shooting at the First Baptist Church of Sutherland Springs, Texas, on Nov. 6, 2017. Reuters/Jonathan Bachman

    Stephen Willeford stands in front of the location of the former First Baptist Church, in Sutherland Springs, Texas, on Sept. 19, 2024. Michael Clements/The Epoch Times

    As Willeford walked to his living room, he recognized the sound of gunfire. He told his family to call 911, grabbed his AR-15 and a handful of cartridges, and began loading a magazine.

    He hadn’t had time to put his shoes on.

    As he got to the front of the church, he saw the killer preparing to shoot a man in the head. He yelled to get his attention. The killer dropped his rifle and pointed a pistol at Willeford.

    Willeford shot the gunman six times. The killer, who was wearing body armor, got into his car and fled.

    Willeford flagged down a stranger named Johnnie Langendorff, who was in a pickup truck across the street. The two men chased the gunman, who ran off the road and shot himself several miles outside of town.

    Poston’s grandmother, Peggy Lynn Warden, was one of 26 people killed in the massacre.

    Both Willeford and Poston say that access to guns did not cause what happened in their rural Texas town. Poston points out that the rampage ended when Willeford returned fire. He said if he finds himself in a similar situation again, he wants to be able to stop the killing.

    “I won’t go without [a gun] because I don’t want it to happen to me again or to whoever I’m around. I just don’t want it to happen to someone else,” Poston said.

    Groups promoting gun control and gun safety disagree. They say the solution to the problem of mass shootings is a resurrection of the 1994 Federal Assault Weapons Ban implemented by the Clinton administration. In a recent email to its membership, Brady: United Against Gun Violence leadership stated that weapons like the one used in Stockton ensure high body counts in mass shootings.

    “We know that a federal ban on assault weapons will save lives, and the majority of Americans support this measure. It is past time Congress listens to the American people and protects our communities by passing the Assault Weapons Ban of 2023,” the email reads.

    Victims and Survivors

    Other survivors of mass shootings who spoke with The Epoch Times said they are glad that their assailants met with armed resistance.

    Massad Ayoob is a firearms instructor who has taught police techniques and civilian self-defense for decades. He has written extensively on firearms, combat techniques, self-defense, and legal issues. Ayoob spoke at the Gun Rights Policy Conference on Sept. 28 in San Diego.

    He said that gun control activists capitalize on the emotional impact of the victims’ stories, while ignoring those who survive because someone was there with a gun to take down the shooter.

    Retired police officer Rob Young (L), and Nashville policeman Michael Collazo (R) speak to a Gun Owners of America group in Knoxville, Tenn., on Aug. 17, 2024. Michael Clements/The Epoch Times

    Michael Collazo agrees. He is one of the metro police officers who engaged a mass shooter at Covenant Christian School in Nashville on March 27, 2023.

    Police bodycam video caught the moment Collazo and another officer shot the killer who had murdered three children and three adults at the school.

    Collazo spoke during the Gun Owner Advocacy and Leadership Summit, sponsored by Gun Owners of America, in Knoxville, Tennessee, in August. He said school staff, including the principal, who was killed that day, had received active shooter training. The principal tried to stop the shooter even though she was unarmed, Collazo said.

    Their stories are examples of heroism and courage, he said.

    “They didn’t have to do that. They’re teachers; they signed up to teach kids, not to go into a gunfight,” Collazo told the gathering. “They had gotten some training prior to the incident occurring, and they did everything phenomenally.”

    Gun Was Locked Up

    The only gun on campus that day was locked in a car and inaccessible, Collazo said.

    Meanwhile, Young said the Stockton shooting and his law enforcement experience have given him a unique perspective.

    Several of his friends and former teachers are active in the gun control movement. He loves and respects them, he said.

    Nonetheless, Young said that violent crime doesn’t come from a weapon; it comes from violent criminals. The most effective means of stopping violent crime is to stop violent criminals, he said.

    A 2014 FBI analysis found that the average police response time after an active shooter report is approximately three minutes.

    The Stockton schoolyard shooting was over in about 3 1/2 minutes. “Twenty-nine kids at my school, including myself, were shot before the law enforcement officers got on scene,” Young said.

    “There are a lot of good people that work in our school systems that cannot carry their firearms. It’s their God-given right. It’s afforded by the Constitution.

    “It’s a tool that can stop a madman.”

    Tyler Durden
    Thu, 10/10/2024 – 17:40

  • Desperation: Harris-Walz Use Livestream World Of Warcraft Game To Drive Online Views For Rally
    Desperation: Harris-Walz Use Livestream World Of Warcraft Game To Drive Online Views For Rally

    Democrat strategists are increasingly worried about the Harris-Walz ticket’s appeal among working-class voters, especially younger ones in crucial swing states. Internal polling data for the Harris-Walz team must be bleak, as evidenced by their more overt and desperate effort on Twitch. 

    Harris’s campaign live-streamed Walz’s rally in Arizona on Twitch on Wednseday night. The stream featured a split-screen setup with a gamer, who has 50,000 followers, playing World of Warcraft on the other side. 

    The split-screen setup showed Walz’s rally in Tucson on the left – and Twitch streamer Preheat on the right side. 

    https://platform.twitter.com/widgets.js

    Notice how Democrats gave the gamer more screen space than Walz. LoL. 

    Using a gamer influencer to attract online viewership for a campaign rally is all the hallmarks of desperation by Democrats. This is not the first time the party of ‘joy’ and ‘love’ censorship and socialism has been used to attract an audience. They routinely featured rap and Hollywood stars, putting on mini concerts before Harris would speak to attract larger audience sizes for optically pleasing photo ops for corporate media. 

    Back to last night’s stream, gamer Preheat chimed in at one point with the typical leftist talking point: “Project 2025? Not good, very weird.” 

    At one point, the gamer spoke over Walz, confused about why his character was dying: “Wait, am I dying?”

    About 15 hours later (as of 1130 ET on Thursday), the stream garnered only 81,000 views. 

    Desperation by Democrats comes as polling data from Emerson College/The Hill poll show Trump and Harris are deadlocked in top swing states with less than a month until Election Day. Trump is also leading Harris by two points in Arizona and one point in Georgia, North Carolina, and Pennsylvania. Harris has the upper hand in Nevada.

    Spencer Kimball, executive director at Emerson College Polling, told The Hill: “With the race still deadlocked and just under four weeks to go, it remains too close to call in key swing states, all within the margin of error.” 

    In Michigan, WSJ reported that Democrats have “privately grown worried about Kamala Harris’s standing among working-class voters.” 

    Earlier this week, Veteran Democrat political strategist James Carville was featured on MSBC, noting that “The only thing I feel is the election is coming November 5, and I’m scared to death.” 

    https://platform.twitter.com/widgets.js

    In election betting markets, including Polymarket and PredictIT, the Trump-Harris spread flipped positive for Trump with hot momentum coming off the weekend from the Trump-Musk rally in Butler, PA, and Harris stumbling in interviews. 

    Zoom out… 

    Folks are finally getting it.

    The big takeaway is that Democrats are becoming overtly desperate. This will undoubtedly continue.  

    https://platform.twitter.com/widgets.js

    Tyler Durden
    Thu, 10/10/2024 – 17:20

  • When The Electricity Dies
    When The Electricity Dies

    Authored by Jeffrey Tucker via The Epoch Times,

    Once a huge champion of all things digital, I’ve come to develop serious doubts about the pace at which humanity made the switch from analogue to the cloud. The hackings, outages, data breaches, and extended breakages all make the point. Then it dawned on me that the danger is even greater.

    Most of the things we use today have not been stress tested. They are centralized and have a single point of failure. And they are very vulnerable. It could all stop in an instant with no sure guarantee of when it will come back.

    A turning point came for me visiting a small basement laundry in Manhattan. The proprietor was still using a sewing machine from 1948. She would have nothing to do with newer models. After that, I took greater notice of the machinery of other merchants in my area. Many sewing machines were 75 years old and still working well. My cobbler uses equipment more than a century old. This is not uncommon.

    They can all still do business with a generator and a good supply of fuel. They are prepared. This is also why people are holding on to their older gas-powered cars without all the snazzy stuff. They are more trustworthy and you can fix what breaks. It’s better to maintain the old thing in good repair than move to the new thing that is not going to last long.

    These days, few things are built for the long term. We buy smartphones and computers with full anticipation that we will buy new ones in a few years. Repairing things is ever less possible. Home appliances are the same: kaput in 5 to 10 years. And so many are dependent on digital applications to work. The operations of locks on homes, cars, ignitions, lights, and so much more are wholly dependent on a web of hooks that require that everything is in perfect working order.

    What if it’s all a house of cards?

    Imagine a time when it all goes down, not for an hour or day but for weeks. Or months. This is precisely what people in areas most affected by Hurricane Helene experience. As is well known, FEMA has been underperforming, but more importantly, it has attempted to stop private efforts in multiple documented instances. Elon Musk had to take to social media to beg the government to let him offer free internet to people because all other options died.

    The money died. Credit cards stopped working. ATMs were dead. All communications came to a halt. The only way to transact was through cash, silver, gold, or barter. Electric cars could not be charged. The locks on doors seized up. You could not access your bank. The internet was gone in a flash. In short, the whole of the 21st century vanished in an instant.

    The only path out of this mess was with old technology. Gasoline. Generators. Matches and candles. Internal combustion. Radios with hand cranks. Cash. Books on physical paper. Paper maps. Thermometers. Blankets. Firewood. In the end, survival depended on analogue things and analogue skills. For all the methods in which we’ve tried to reinvent the world in ways that are not dependent on “fossil fuels,” know-how, and elbow grease, it just keeps reverting.

    Remember during the COVID crisis when everyone became suddenly obsessed with “touchless” everything? None of it made any sense because the virus did not spread on surfaces, and we discovered that pretty early on. But touchless went ahead anyway, and when restaurants reopened, people had to scan a code to access a list of things to order.

    Customers hated it and now most places have gone back to physical menus. We go to restaurants to get away from digital everything, not find ourselves newly immersed in it.

    There is something deeply wrong with the attitude that touching things is icky and beneath us. It suggests an unwillingness to use the hands God gave us to better the world. On a theological level, it suggests disgust with the incarnation: why would God ever become man if God wanted to be “touchless?” It suggests even a cult-like disgust with the physical world itself.

    Fortunately, the word touchless seems to have lost its cache. Even so, the word itself reveals a dangerously millenarian eschatology, the belief that history is somehow headed toward a full escape from the physical world and all its limits, including the need for work and the inevitability of mortality. It’s pure delusion. A disaster event proves that.

    Government has been running table-top exercises for decades with the idea of preparing for large-scale grid outages in the event of a huge weather event or a cyberattack. I can predict with 100 percent certainty that whatever plans they have in place, none will work. As our experience with Helene suggests, in the event of an emergency, the government may not be your friend but rather an obstacle, even a dangerous one.

    My friend Mark Hendrickson experienced some of the worst of the hurricane. He writes: “I had never been without electric power for such an extended period of time before, and the experience vividly underscored something that I had known intellectually, like an abstract theory, but now felt at a deep, visceral level: how utterly dependent our society is on electric power.”

    It meant for him a fundamental rethinking of everything.

    “Sitting at home during most of the power outage, time seemed to slow down. It seemed like every few minutes I had an impulse to turn on the TV to see how storm cleanup was proceeding, but—oops—no TV. Or I wanted to go online and see which teams had won sports contests, what was going on in the world, or even something as trivial as checking my current bank balance with the addition of the month-end interest payment. Oops—no internet.”

    “My thoughts turned to my dear Amish friends and neighbors when I lived in Pennsylvania. Our quiet candle-lit evenings at home during the outage now mirrored their evenings. Without the myriad distractions that electronic devices offer, there is more time for quiet reading or direct human interaction. In a society that has been becoming increasingly atomized, more personal connection seems appealing. Hmmm … maybe now, with the power back on, I should choose one evening a week to forsake the electronic world.”

    The scenarios above all depend on disaster happening. It might not happen. The actual reason we might fall into crisis are simple matters of inflation. It could just become too expensive to use, and cost too much to charge the cars or keep the lights on. Already I have friends whose utility bills are higher than their mortgages from 10 years ago. Somehow people don’t think about this when they buy maximum square footage. Do you have an additional $15,000 to heat and cool it?

    Most houses today, and certainly most office complexes, are designed to require electric-powered indoor air cooling and heating. We don’t use gas furnaces or rely on cross breezes anymore. Fireplaces are nothing but nostalgic vanities.

    When all this building was going on for many decades, hardly anyone even considered the contingencies. We built as if there were no eventualities for which to prepare.

    There is another factor: forced government rationing of power. Dependency on the grid, electric cars connected to the internet, and app-controlled things are all very easily controlled by a third party. But you say: these companies are all private and surely will ignore government edicts. We know now that this is not the case. Private companies become arms of the state under the right conditions. They will gladly comply to keep the paychecks rolling in and out.

    People who have dealt with the worst of the hurricane came face-to-face with the state of nature without all the comforts we’ve learned to take for granted. For my own part, it has caused me to rethink some matters. Keeping a stash of cash around is a good idea. Some bags of silver dimes are also essential. Having plenty of blankets is advisable.

    The most important way to prepare is to have a strong network of friends. In the end, human bonds will prove more enduring than the power grid.

    Tyler Durden
    Thu, 10/10/2024 – 17:00

  • Gulf States Lobby Hard For US To Stop Israel From Attacking Iran Oil Sites
    Gulf States Lobby Hard For US To Stop Israel From Attacking Iran Oil Sites

    Gulf Cooperation Council (GCC) countries are deeply alarmed by Israel’s current threats of launching a major counter-attack on Iran, which would likely involve ballistic missiles and fighter jet strikes on key infrastructure, both energy and military. The Biden White House has this week sought to talk the Israelis down from hitting oil and gas sites.

    Gulf countries including Saudi Arabia, Qatar, and United Arab Emirates are now also lobbying the US and Israel to avoid hitting Iran’s oil sites, on fears that with such an escalation Tehran would in turn target oil facilities in the Gulf. This was already a reality that played out in the last half-decade of regional proxy conflict between the Iran axis and the West-Gulf country alliance.

    The Saudis and GGC states wish to avoid the kind of attacks which could impact its oil production and exports, such as the 2019 Abqaiq–Khurais Saudi Aramco drones strikes. The US blamed Iran for those historic attacks, but Tehran leaders never owned up to it. It may have been done by Iranian proxies out of Iraq, but the West ultimately views that it was Tehran’s finger on the trigger.

    Saudi Press Agency/Handout via Reuters

    We detailed last week that the Saudis are attempting convince the Iranians of their neutrality, amid a series of high-level meetings, which recently included President Masoud Pezeshkian visiting Doha to meet with GCC officials. These talks have continued with Crown Prince Mohammed bin Salman Iranian meeting Iranian Foreign Minister Abbas Araqchi on Wednesday amid the latter’s Gulf tour.

    Reuters has in a new Thursday report revealed more details of dire warnings conveyed from the Iranian side. “The moves by the Gulf states come after a diplomatic push by non-Arab Shi’ite Iran to persuade its Sunni Gulf neighbors to use their influence with Washington amid rising concerns Israel could target Iran’s oil production facilities,” Reuters writes.

    Tehran is basically telling the Saudis to talk the Israelis down, or else…

    “During meetings this week, Iran warned Saudi Arabia it could not guarantee the safety of the Gulf kingdom’s oil facilities if Israel were given any assistance in carrying out an attack, a senior Iranian official and an Iranian diplomat told Reuters.”

    A key complication, and one which puts the Saudis in a precarious and delicate position vis-a-vis their allies, is that the United States has bases and a troop presence in the kingdom, including significant US Air Force assets. Washington has already pledged to help the Israelis repel any future Iranian ballistic missile counterattacks, as it did in the last two rounds of drones and ballistic missiles fired on Israel.

    A broader Iran-Israel war would certainly see the US pressure the Saudis and GCC to allow American fighter jets based out of the Gulf to engage Iran. According to Reuters, Iran has expressly threatened war should Riyadh cooperate: 

    Ali Shihabi, a Saudi analyst close to the Saudi royal court, said: “The Iranians have stated: ‘If the Gulf states open up their airspace to Israel, that would be an act of war’.”

    The diplomat said Tehran had sent a clear message to Riyadh that its allies in countries such as Iraq or Yemen might respond if there was any regional support for Israel against Iran.

    Both the Shia Houthi out of Yemen and Iraqi paramilitaries have over the years proven themselves capable of hitting Saudi oil facilities with either drones or missiles.

    The Saudis appear to be taking steps to appease Iran: “As part of their attempts to avoid being caught in the crossfire, Gulf states including Saudi Arabia, the United Arab Emirates and Qatar are also refusing to let Israel fly over their airspace for any attack on Iran and have conveyed this to Washington, the three sources close to government circles said,” Reuters details further.

    https://platform.twitter.com/widgets.js

    The Saudis and Iranians have over the past couple years made huge strides toward full diplomatic rapprochement, while at the same time Riyadh has drifted away from normalization with Israel in light of the Gaza war.

    In terms of oil risk, it must be recalled that the aforementioned 2019 attack on Saudi Aramco’s oilfield had shut down over 5% of global oil supply. If Israel targets Iran’s supply, OPEC has enough spare oil capacity to make up for it, but not if oil sites in Saudi Arabia and the UAE are hit by any potential attacks from Iranian proxies.

    But again, Riyadh is seeking to assure the Islamic Republic: “The Gulf states aren’t letting Israel use their airspace. They won’t allow Israeli missiles to pass through, and there’s also a hope that they won’t strike the oil facilities,” a Gulf source told Reuters.

    Tyler Durden
    Thu, 10/10/2024 – 16:40

  • 'Anti-Hate' Art Exhibit In LA Featured Participants Kicking Around Donald Trump's Head
    ‘Anti-Hate’ Art Exhibit In LA Featured Participants Kicking Around Donald Trump’s Head

    Authored by Paul Joseph Watson via Modernity.news,

    An “art exhibit” in Los Angeles designed to protest against Donald Trump “spreading hate” featured participants kicking around a soccer ball shaped like the former president’s head.

    Yes, really.

    A a rubber or latex object made to look like Trump’s dome was booted around by players during an indoor game at Superchief Gallery in Los Angeles last weekend.

    The art installation was created by a group called INDECLINE and was first debuted the Trump soccer ball four years ago when they invited people at the Mexican border to kick it around.

    Laughably, the art collective claimed the point of the display was to demonstrate against Trump “spreading hate.”

    “Political civility on full display I guess,” commented Mario Nawfal.

    https://platform.twitter.com/widgets.js

    Because there’s nothing kinder and more appropriate in opposing ‘hate’ than to make a facsimile of someone’s decapitated head and treat it with total disrespect.

    “Freedom Kick is an appeal to the American sense of justice as a match between two opposing teams,” said the group.

    “The rules are meant to protect us from cheaters. We believe it is time to reset the game, before we have to spend another four years watching a cheeseburger-scarfing, bloviating mess hobble up and down the pitch spreading hate.”

    Meanwhile, at another art exhibit in Los Angeles, a statue of a naked Trump with his genitals mutilated is on display at Subliminal Projects Gallery.

    All this after two deranged leftists tried to assassination Trump in the last three months alone.

    They really just want to stop hate!

    *  *  *

    Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

    Tyler Durden
    Thu, 10/10/2024 – 16:20

  • Stagflation Signal Stalls Stocks; Sparks Gold Gains
    Stagflation Signal Stalls Stocks; Sparks Gold Gains

    Hotter than expected CPI (as food costs reignite) and ugly jobless claims data (somewhat affected by Hurricane Helene) signal stagflationary pressures may be returning…

    Source: Bloomberg

    …sparked some initial chaos across asset classes, pushing rate-cut expectations lower (hawkish) for 2024 but higher (dovish) for 2025…

    Source: Bloomberg

    Stocks ended lower (with Small Caps the biggest loser) despite a late-day panic-bid into the close…

    NVDA is holding it all together…

    As VIX increased (now dramatically decoupled from stocks) ahead of tonight’s TSLA robotaxi event, and tomorrow’s PPI and the beginning of earnings season…

    Source: Bloomberg

    Treasuries were very mixed today with the short-end outperforming (2Y -3.5bps, 30Y +4bps)…

    Source: Bloomberg

    …which steepened the yield curve significantly, erasing all the post-payrolls flattening…

    Source: Bloomberg

    The dollar rallied for the 8th day in a row – the last time this happened, The Fed had just started hiking rates in April 2022…

    Source: Bloomberg

    Despite the dollar’s gains, gold also rallied today…

    Source: Bloomberg

    Bitcoin barfed late on today, back below the $60,000 Maginot Line once again (after an SEC lawsuit against digital asset market maker Cumberland DRW sparked more regulatory FUD)…

    Source: Bloomberg

    Oil prices also managed solid gains today after two ugly days with WTI back above $76…

    Source: Bloomberg

    Finally, the fundamental contradiction at the heart of today’s price moves is most easily seen in market measures of longer inflation expectations, which are rising even as two-year yields plumb session lows.

    Source: Bloomberg

    As Bloomberg’s Sebastian Boyd noted, the mixed nature of today’s data means that traders are trying to express the view that inflation is still a problem, but that the labor market is maybe weakening too, which will mean The Fed goes ahead with rate cuts anyway.

    Tyler Durden
    Thu, 10/10/2024 – 16:00

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