Ye are of your father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it. – John 8.44

“I will make those who are of the synagogue of Satan, who claim to be Jews though they are not, but are liars—I will make them come and fall down at your feet and acknowledge that I have loved you.” Rev 3.9

“I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.” Rev. 2.9

"But when he saw many of the Pharisees and Sadducees come to his baptism, he said unto them, O generation of vipers, who hath warned you to flee from the wrath to come." Matthew 3:7

“For he is not a Jew who is one outwardly, nor is circumcision that which is outward in the flesh. But he is a Jew who is one inwardly; and circumcision is that which is of the heart, by the Spirit, not by the letter; and his praise is not from men, but from God.” – Romans 2:28-29

"I and my Father are one,[31] Then the Jews took up stones again to stone him. JOHN 10:30-31

For you, brothers and sisters, became imitators of the churches of God in Christ Jesus that are in Judea, for you suffered the same things from your own compatriots as they did from the Jews, who killed both the Lord Jesus and the prophets, and drove us out; they displease God and oppose everyone by hindering us from speaking to the Gentiles so that they may be saved. Thus they have constantly been filling up the measure of their sins; but God’s wrath has overtaken them at last. - Thessalonians 2:14-16

[8] And he said unto me, From Abraham unto Isaac, when Jacob and Esau were born of him, Jacob's hand held first the heel of Esau. [9] For Esau is the end of the world, and Jacob is the beginning of it that followeth. Jews are ESAU EDOM. - 2 Esdras 6:8-18

GOD cursed the Satanic Jews out of Jerusalem for life. Jesus arrived and focused on Jerusalem because it was the most unholy, evil, place on earth... still is today.

The Nomadic Turks (ashkeNAZIS) have been behind all the Evil in the world since Cain's children... using their News Networks to create the News, and set the stage, to blame their opponents, for everything evil they do, across the globe.

Jewish Communist Dictum:- "Accuse the enemy of those crimes you are guilty of"


The Elite Jews create the illness, then sell the Cure. They create Chaos & Terrorism, then sell the solution... for more control and power.

Islam and Christianity have become servants of the Jews. Acting as physical and spiritual cattle for the Jews to harvest in building their Global Satanic Kingdom.

If I converted to Buddhism, does that make me Chinese? If I converted to Hinduism, does that make me Indian? When Khazarians (Turks) converted to Judaism in 740 BC and stole the true Semite Israelite Aegean identity, did that make the counterfeit Jews Hebrew? Well, the Jew World Order seems to think so. They crucified Jesus Christ for exposing them.

The invention of the Muslim Terrorist by our Jewish Governments... to keep us in fear, and to justify raping the World, and slaughtering billions of innocent families in every country for power and control...for their 2 horned Gods.

Every Religion Church and Mosque has been infiltrated by the Jews. How do you know? ... if your Church has not discussed the below phrases by Christ... then it has been compromised.

What Israels American bombs do to children

This might possibly be one of the worst videos i’ve seen since Israeli’s slaughtering of Gaza. I’ve attached a 30 second scroll warning to the video.

This is what bombs do to people. To children. These were someone’s son and daughter.

They would run into the comforting embrace of their parents’ arms when they were scared. They laughed. They cried. They had dreams.

Now their faces are unrecognisable. Now their soul has left their body. Now their dreams are no more.

ISRAEL took that from them. AMERICA HELPS Israel take that from them.

These are just 2 children out of THOUSANDS. I implore people to have some humanity.

This senseless bloodshed needs to end. These children deserve to live…


Jewish woman becomes a demon when confronted by a street preacher in Israel.

Jewish woman becomes a demon when confronted by a street preacher in Israel.


This is how Israel treats their own citizens who are opposed to the genocide

This is how Israel treats their own citizens who are opposed to the genocide #Israel #Palestine #Zionism #Terrorism #antichrist #colonisation


He tried to rush his daughter to the hospital after an ISRAELI BOMBING

Israel is the land of Satanists and Pedophiles.
It is the reason GOD cursed them out of Jerusalem for life.

It’s the same German NAZIS (ashkeNAZIS) from WW2 … only the symbol has been changed, after Hitler created israel.

He tried to rush his daughter to the hospital after an ISRAELI BOMBING, but she had already died in his arms…


Israeli soldiers throw a DISABLED MAN out of his wheelchair as he went to help a girl the ISRAELIS had just shot & left to die.

Israeli soldiers throw a DISABLED MAN out of his wheelchair as he went to help a girl the ISRAELIS had just shot & left to die.


ISRAELI tank murders CIVILIANS in a car for no reason!

ISRAELI tank murders CIVILIANS in a car for no reason!

Israel created Hamas

Israel created Hamas to stop the peace.


Israel soldier is haunted by the people he murdered

Israel soldier is haunted by the people he murdered

An #IDF soldier explodes with frustration during a hearing about his PTSD, claiming he pees himself at night because he’s haunted by the people he murdered. #IsraeliCrimes #ZionismIsTerrorism #JWO #NWO

The point is not to feel bad for him; it is to show no one but the warmongers and bankers win wars.


Israel creates fake deaths to blame Palestine

Israel creates fake deaths to blame Palestine

Jewish Communist Dictum:- “Accuse the enemy of those crimes you are guilty of”


I Filed 136 Public Records Requests With Police and Learned Why Our System Is Broken

Over a couple of weeks this summer, I filed 136 identical public-records requests with police departments around the country. The requests were for stolen Kia/Hyundai data, but I ended up learning as much about how police departments and municipalities in general handle these requests as I did about car thefts.

I am no stranger to public records requests, which are formal requests for the release of records maintained by a government entity under applicable law. I have been filing them as a core part of my job for the last decade. I know that journalists whining about how difficult it is to pry records loose can sound more like fodder for a trade publication rather than a news story. But public records requests are how we—all of us, including everyone from ordinary people to government agencies—learn what our governments do. It is fundamental to a functioning democracy. (To pick just one recently relevant example, we learned of the true scope of Henry Kissinger’s “secret bombing campaigns in Cambodia, illegal domestic spying, support for dictators, and dirty wars abroad” while he was alive thanks to public records laws.) And processing public records requests in a timely fashion is not a difficult societal problem to solve. It is purely a matter of budgets and priorities. 

The gradual but severe reductions in institutional capacity to process records requests—combined with a lack of any enforcement mechanism to punish agencies that make it a matter of policy to ignore them—is a symptom of a larger disease of a government increasingly unresponsive to the people it supposedly serves. Whether you’re a believer that only a small government is compatible with individual liberty, a socialist fighting the police state, or anywhere in between, public records laws are how you hold your government accountable. 

The most well-known public records law is the Freedom of Information Act, a federal law applying to the executive branch that has existed since 1966 and was significantly strengthened in the 1970s following Watergate and other national scandals on abuse of power. Following the federal government’s lead, each state has enacted its own public records law that applies to state and local agencies. They are sometimes called freedom of information laws, but also go by public records laws or open records laws or right to know laws. They’re all the same thing. The fundamental theory of all these laws is that in the United States, the government works for the people, and therefore the people have the right to know what the government is doing.

But, like most laws, the theory of the laws is often very different from the practice. There are important variations in the laws between states. Some state laws are more likely to result in getting documents in a timely fashion than others. For example, agencies in Michigan are more likely than elsewhere to cite exorbitant fees for producing requested records which is an effective way to undermine transparency. New York’s Freedom of Information Law has glaring loopholes that make it trivially easy for agencies to ignore your request in perpetuity without the aid of a lawsuit. Agencies in Texas are almost shockingly responsive, but are prone to abuse a provision that allows the state attorney general to review any request for potential exemptions to disclosure rules. Pennsylvania’s law seems to encourage agencies to still use paper forms. And the differing laws encourage differing cultures. In Florida, records officers will generally look for a way to get you what you’re looking for. California records officers seem to look for reasons not to.

Usually, journalists file one or two requests at a time. Sometimes filing an identical request with all 50 state agencies, such as every state department of corrections or department of education, will also make sense for a specific story. In my experience, though, such requests are usually fishing expeditions; you’re hoping a couple of states give you useful responses but expect most to deny or ignore your request.

This is what made the Kia/Hyundai requests I filed different. I have never before filed so many identical requests in so many cities across so many states at the same time, resulting in a natural experiment in just how much responses can vary. Plus, I was not asking for anything speculative, voluminous, or difficult. Stolen vehicles are incredibly common types of police reports and there are federal standards for how such reports should be logged. (For those curious, I had to file the requests city-by-city because vehicle manufacturer is not included in aggregate statistics publicly posted by most departments.) Also, I was not asking for any potentially private information that would need to be reviewed for possible redactions. In theory, this was a basic request that most police departments should have been able to complete with minimal effort.

It has been about four months since I filed these 136 requests. Of those, 67 agencies, or almost exactly half, have provided the full records I asked for. (One, the Houston Police Department, provided records but the data is absurd, likely due to a bad database pull; it has not responded to several emails asking for the correct data). Of the ones that didn’t, 18 charged fees I wasn’t willing to pay, rejected my request and refused to explain why, had both broken online forms that made it impossible to file a request and no one at the city office willing to help, or, due to extraordinary circumstances, truly didn’t have the records I sought. The rest, or 51 police departments, have not responded to my request.

(This is illegal under most if not all state public records laws, which at minimum specify that an agency has to respond to a requester within a certain timeframe, which varies from place to place. There appear, though, to be no consequences for anyone who chooses to wad requests up and use them to play trashcan basketball.) 

With all this in mind, here is what I learned about the state of local public records requests in 2023.

The Two Contractors to Rule Them All

The vast majority of requests I had to file required filling out forms through two portals: GovQA and Nextrequest, both purpose-built software for public records request management. Despite using the same two platforms for almost every city, I had to create a separate login for each city. On some level this makes sense, because each city is a separate client and it wouldn’t make sense for them to share the same user base. But it was annoying as hell.

This wouldn’t have been a huge problem if the portals were set up to accept an open-access standard that would let users log in with, say, a Gmail account, or even if setting up a new account was easy. Unfortunately, for GovQA, it wasn’t. A huge chunk of the time required to file these requests was dealing with GovQA’s buggy site. Often, it would auto-generate a new password it said it would email to me to verify my account, but then never did. I would then have to go through the “forgot password” process to get yet another new password. That would also often fail. Commonly, CAPTCHA codes straight up wouldn’t load and there was no CAPTCHA-specific refresh button, so I’d have to refresh the entire page, which wouldn’t save any of the information I had already put in, and essentially start over. Managing ongoing requests was also annoying as forms take forever to load.

NextRequest is a lot better. Setting up a new account could be done after filing the request by just adding a password. However, both platforms have worse-than-useless AI-like features that try to suggest help pages that either explain why your request won’t be fulfilled or otherwise trying to convince you not to file it. These pages are rarely even in the ballpark of the same topic I was filing about. But I had to dismiss the prompt before filing the request. It was a small example of how AI is accelerating the enshittification of the web experience.

I did encounter a third contractor a few times that was the best of the bunch, called JustFOIA. It offered a Google Forms-like experience that was fast to load, easy to use, and at no point wanted to make me stab my eyes out with chopsticks.

What Century Is This?

I had numerous experiences while filing these 136 requests that made me wonder what century I was living in or otherwise did not seem congruent with a high-tech 21st century life.

As I previously mentioned, Pennsylvania’s Right To Know Law appears unique in encouraging agencies to use a paper form, or a PDF equivalent. To file my request with the city of Pittsburgh, I had to fill out a Word document and email it back to them. Other Pennsylvania cities used PDF forms. Public records requests are uniquely annoying to fill out via PDF form because they usually provide two or three lines max for the entire description of your request, which is not nearly enough for any sufficiently detailed records request. It is a form designed to make the request impossible to fulfill. (This is at least better than the many rural agencies that specify they will accept requests only via facsimile machine.) 

Similarly, Corpus Christi, Texas has a field for “what records are you requesting” on its online form with a character limit of 130 and no option for an attachment. In other words, the text of your request had to be shorter than a tweet.

Irvine, CA had a peculiar form. A fax number is a required field. And the Are You A Human Test for me was the math question 5 + 4 = .

Take that, ChatGPT!

Sometimes, cities had what I would describe as borderline extralegal FOIA submission processes. Lincoln, Nebraska doesn’t have a FOIA page at all. I emailed the city clerk instead. Scottsdale, Arizona tries to make you pay a $10 fee simply to file a request. Salt Lake City informed me that “IDENTIFICATION is REQUIRED to receive Documents” and prompted me to upload a photo of my ID (I did not, but received the requested records anyways). Glendale, Arizona charged me a $10 “file transfer fee” I could not avoid.

A handful of states only accept records requests from residents of that state. According to Muckrock, a non-profit collaborative that provides a tool for filing and managing records requests, five states definitely have residency requirements—Virginia, Tennessee, Delaware, Arkansas, and Missouri—while Alabama and Georgia sometimes do. I had no problem getting Kia/Hyundai data from Atlanta, for example, but every Virginia city except Newport News cited its residency requirement after I filed my request. I had proxies in those states file requests on my behalf, which is perfectly legal. In addition to being inherently inane, undemocratic, and easy to circumvent, residency requirements make even less sense in the 21st century than they did in the 20th, in which the practices of one state government quite obviously have implications for residents in other states, too. 

Although I did eventually get the requested records from Washington, D.C., it was a real pain. The police department closed my request with no records or reason for determination. I tried to submit a question via the Message system in the GovQA portal asking why. It gave me an error message noting that I was not allowed to use special characters. I then proceeded to whittle down my message so it had no punctuation whatsoever, but still got the same error message. Once I spoke to a human at MPD, everything was sorted in rapid fashion.

For whatever reason, I had a lot of trouble with North Carolina cities. Most denied my request by citing a specific statute in the state’s law that states, “Nothing in this section shall be construed to require a public agency to respond to a request for a copy of a Public Record by creating or compiling a record that does not exist.” As they interpreted it, by asking for a data extraction from a database into a spreadsheet, I was asking for them to create a new record. This interpretation is not in accordance with how federal courts have interpreted the law—”[The court] agree[s] that using a query to search for and extract a particular arrangement or subset of data already maintained in an agency's database does not amount to the creation of a new record." I dutifully reminded them of this. 

My experience with Raleigh is emblematic. One hour after I submitted my records request to Raleigh, someone from their communications department told me, “There are not any responsive public records.” When I asked how this was possible—did Raleigh simply not collect stolen vehicle data?— I was referred to the aforementioned state law provision on creating new records. After I informed them of the applicable case law, I received radio silence, but then two weeks later received a spreadsheet of all the data I had requested in full. But most other North Carolina cities just ignored me. Thanks, Raleigh!

But nothing will top the response I got from Montgomery, Alabama. Randy Weaver, the record retention manager for the city, sent me an email that stated in its entirety: “You did not complete the record request properly. Your request is denied.” I asked, “Can you please inform me what was filled out improperly so I can re-submit in proper fashion?” I am still waiting to hear back from Mr. Weaver.

So What?

A 50% response rate after four months for a simple data pull that each of the departments is legally required to fulfill could be interpreted as either a success or failure, depending on your expectations. By the expectations of public records requests, gathering a usable dataset that has been released to the public, it was a success

But it is worth putting this relative success in perspective. Many of the nation’s biggest cities and best-funded police departments have thus far ignored my request. This includes but is not limited to New York, Phoenix, Philadelphia, San Antonio, Jacksonville, Charlotte, Indianapolis, Seattle, Nashville, Boston, Detroit, and Baltimore. 

Delays are the most common complaints regarding public records requests. As with justice, transparency delayed is transparency denied. In this case, I was trying to assemble a complete national picture of how a design decision made by a multinational company was resulting in surging vehicle thefts. The companies blame social media. Did that defense hold water? The data could tell us, if only we had them. 

Again, it is worth emphasizing this is for the most basic and least controversial records request imaginable. It’s nothing compared to requests for emails, text messages, presentations, memos, etc. regarding something actually controversial. If they can’t produce these records in a timely fashion, what can they produce?

It is no secret that public record laws in the U.S. don’t function as they ought to. Sometimes they work great. But it’s hard to avoid the conclusion that records are released less in accordance with what the law says and more with what individual bureaucrats feel like. Public records departments are often treated internally as annoyances, distractions, and in some extreme but by no means universal cases, rubber rooms for civil servants who can’t be fired. Rarely are they given the resources and adequate staffing needed to do their jobs well. On some occasions I have had the genuine, true pleasure of working with public servants in records departments who wanted to help and were able to do so. I have a fleeting glimpse of what my job and our democracy might look like if this was more universally the case. And then I go back to work.  


House Republican backs Trump after debate: ‘We need to rally behind our candidate’

Republican Study Committee Chairman Rep. Kevin Hern (R-Okla.) threw his backing behind former President Trump after Wednesday night’s Republican presidential debate, in which Trump did not participate. “Division is the last thing we need — we need to really behind our candidate for 2024 and we need to do it fast,” Hern said in a… Source

End Of Fed Liquidity Pump Spells Trouble For Markets

End Of Fed Liquidity Pump Spells Trouble For Markets

Authored by Simon White, Bloomberg macro strategist,

The Federal Reserve’s reverse repo (RRP) facility has been a key support for liquidity and stocks this year. But it is falling. As it approaches zero, markets face much less benign conditions as a formidable tailwind is extinguished.

Everyone’s a plumber, or at least should be.

Not in the sense that we all need to get handy with a spanner, but in that every investor should have at least a basic knowledge of financial plumbing in the modern central-banking regime.

A good place to start is the Fed’s RRP facility.

It reached a peak of over $2.5 trillion in May this year. That’s a lot of cash to have hidden down the sofa. But it is now falling at a steady rate, down more than half from its peak. What happens when it goes to zero is a key question for markets and plumbers alike.

The RRP has been a veritable liquidity pump this year, acting as a source of stability for markets. Money that would otherwise have been taken out of the system as the Treasury funded its largest peacetime, non-recession deficit was returned immediately and identically as money market funds (MMFs) drew down on the vast RRP.

Normally, when the Treasury is borrowing that much money – over $2 trillion on an annual basis – it absorbs liquidity from the system as the bonds are bought mainly using bank deposits.

The liquidity eventually comes back into the system (the government borrows the money to spend it after all), but it is less “high-powered” and therefore not as beneficial for assets.

In sum, the RRP meant that what would have otherwise been very unfriendly conditions for stocks were instead supportive.

In fact, equities not only benefited from buoyant liquidity conditions, they were also aided by an unusually interest-rate resistant economy being flooded with public money. This has been pro-cyclical government spending on steroids.

What happens, then, to risk assets when the RRP goes to zero?

There are two aspects to consider: the effect in relation to funding the fiscal deficit, and the impact on money markets. Both ultimately mean a less easy ride for stocks and other risk assets.

On the deficit, the Treasury’s choice to fund most of it using bills has been a material support for stocks this year. MMFs can buy bills and were incentivized to do so as the yield on them rose above the RRP rate. As they were the ones with almost all the liquidity parked at the RRP, reserves have actually managed to rise this year, paradoxically so given the Fed’s ongoing quantitative tightening program.

However, when the RRP goes to zero, government funding of the deficit will be functionally no different than if it had issued primarily longer-term debt (as is usual). Bank deposits and reserves are likely to fall more. Stocks will thus have less support when the RRP runs out. (Banks may decide to buy more of the issuance, which would mitigate the drop in reserves. But they have been heavy sellers of USTs, and look like they will continue to be until their duration risk falls further.)

Equities are also affected by what happens in funding markets, which could see an impact when the RRP goes to zero.

The market is haunted by what occurred in September 2019, when funding rates flared higher. Reserves had fallen to $1.5 trillion as the Fed progressed with its first shot at quantitative tightening. It had to promptly reverse its policy as repo rates started to spike.

In a potential echo of 2019, the Secured Overnight Financing Rate unexpectedly jumped six basis points this week – a huge amount outside of Fed rate moves – causing jitters that funding flare-ups can happen even when reserves are at a much higher level. The rise was blamed on many factors, such as demand for extra funding due to the rally in Treasuries, reserve hoarding in anticipation of Basel III regulations, or as a buffer for underwater hold-to-maturity portfolios of bonds (i.e. what did it for SVB).

The SOFR has now reversed almost all of its jump, indicating that perhaps other factors, such as a combination of month-end demand and bank balance-sheets being clogged with bills, were primarily to blame.

Either way, the level of reserves that cause funding problems may well be higher than before. But assuming the jump in SOFR was idiosyncratic, today’s $4.3 trillion in actual and potential reserves — almost three times the 2019 level — is likely to be ample. (The $4.3 trillion comes from $3.4 trillion of reserves plus about $850 billion in the RRP — using the domestic RRP, as the foreign RRP tends to be sticky.)

Quantitative tightening will progressively take reserves lower, but the RRP going to zero in and of itself does not look like it will be the smoking gun for repo funding problems.

This raises the question though: when will the RRP go to zero?

Assuming the SOFR rate does not jump higher than the RRP again, it should take some 5-6 months to deplete the domestic RRP on the current trend.

In that time, QT could have taken out up to around $570 billion of reserves. That would mean total reserves would be in the order of $3.7 trillion (or closer to $3.6 trillion if we assume the Treasury wants to get its account at the Fed up to its intended $750 billion). That is still quite far above most estimates for the so-called lowest comfortable level of reserves of $2-$2.5 trillion.

All roads point to a less beneficent backdrop for assets once the RRP is exhausted. It has been a steady source of liquidity most of this year.

However, in the first instance its depletion represents the absence of a tailwind for markets, not necessarily an additional headwind. Yet as time goes on, QT will increasingly become a headwind without the RRP to leaven it.

Key things to keep an eye on are re-increases in the RRP, indicating extra reserves are being taken back out of the system, or a rising take-up in the Fed’s standing repo facility, which would point to potential funding problems.

All said and done, don’t put your spanner away yet, knowing how to plumb remains an essential skill.

Tyler Durden
Thu, 12/07/2023 – 10:35 Source

Navalny says 2024 election results will be falsified: ‘Russia no longer needs Putin’

Russian opposition leader Alexei Navalny predicted Russia’s 2024 election results will be falsified and pushed for voters to oppose Russian President Vladimir Putin, arguing the country “no longer needs” the longtime leader. “For Putin, the 2024 elections are a referendum to approve his actions, to approve the war,” Navalny said in an online statement, adding… Source

House GOP releases Biden impeachment inquiry resolution ahead of planned vote 

The House GOP released a resolution Thursday to formalize its months-long impeachment inquiry into President Biden, with a full House vote planned for next week. The resolution authorizing the inquiry — released months after former Speaker Kevin McCarthy (R-Calif.) declared an impeachment inquiry to be underway in September — comes as a trio of committee leaders… Source

Sen. Cramer says son involved in chase resulting in accident that killed officer

Sen. Kevin Cramer’s (R-N.D.) 42-year-old son was involved in a police chase Wednesday night that resulted in an accident and the death of a police officer, the senator and police said in separate statements. The North Dakota Highway Patrol said in a press release that the Bismarck Police Department received a report Wednesday night that… Source

Mathis the scientist

At the top of the list of earth-shattering things Mathis has done let’s start with his diagramming
of all the nuclei of the elements. It would be impossible to overstate the important of this or
the sheer genius of it. With one paper Mathis destroyed the entire subfield of physical
chemistry and all those textbooks are now up for a general pulping. Making the nucleus a
channeler of charge changes absolutely everything in dozens of fields not just physics but
chemistry, biology, astronomy, medicine etc. This is so big it dwarfs all other scientific
discoveries in the past two centuries, possibly ever. I can’t honestly think of anything Newton
did that is bigger and yet it is being utterly ignored. The mainstream hasn’t even found it
worthy of comment.


Blowing my Top

I would like to begin by apologizing to all readers and to myself for writing this anonymously. I
find it as infuriating as anything else here that I have to, but there is no way around it. I am a
professor in the hard sciences at an Ivy League university, and many of my colleagues and
some of my superiors hate Mathis with an insane fervor. They would not overlook any
promotion of him by me if they found out about it. My life would become a living hell. I have a
career and family and I cannot jeopardize that at this time. However, I also cannot continue
to keep quiet. I think I at least have the courage to state things as they beg to be stated.
Let me state for the record that I don’t know Mathis. Never met him, never talked to him on
the phone, never emailed him before this. I just wrote this up in a fit of anger a few nights ago
and sent it to him, mostly for my own benefit. I needed to get it off my chest. Plus, it occurred
to me after writing it that at least I could claim to be the first one to say it, even if I got no
credit for it. At least I could get the credit for it in my own mind, which is something.

This was recently brought to a head for me when I saw a youtube video by Sabine
Hossenfelder on the subject of science coming to an end. I can always rely on Hossenfelder
to infuriate me since she is so consistently disingenuous, but this one really took the cake.
She is selling John Horgan’s 1996 book The End of Science, accepting his ridiculous claim
that science is almost finished. Horgan is one of those Scientific American stuffed shirts that
Mathis so loves to skewer, and that book was so bad it tends to confirm Mathis’s claim that
these people are actual agents, locking the field down on purpose to suit their masters.
Horgan couldn’t have been doing that with Mathis in mind in 1996 since he wasn’t publishing
in science then, but I think Hossenfelder is using this subject to bury Mathis on purpose. She
claims that all the sciences have spun down and nothing has really happened in the last
twenty years.

No, nothing, Sabine, except Mathis coming out of left field and rewriting all of physics back to
the time of Galileo. We have just witnessed the greatest revolution in the history of science
and these people like Hossenfelder are paid to stand around at Youtube and pretend it didn’t
happen. I mean, c’mon, let’s be honest, nothing like this has ever happened, or even gotten
close to happening. I don’t know who Mathis is or where he came from, but the papers speak
for themselves. Any one of the best ones would be enough to make him the greatest
physicist of the 20/21 centuries but there are literally hundreds of them.

I have to admit that at first I thought Mathis was AI. This is the kind of thing they have been
promising from AI for decades: machines that are so smart they make us look like a bunch of
chimps. A computer program with an IQ of 500 that would rewrite all of science overnight,
leaving human achievement in tatters. Some cyborg that could enter any field with no prior
knowledge of it, but due to speed in collating facts it would see things no one ever had,
cleaning up centuries of mistakes in a few nanoseconds. But I no longer think that. Although
that is basically what we have seen from Mathis, it took years, not nanoseconds, and it was
done with a human flair I don’t think any machine could fake. Deep Blue and then Stockfish
made the world’s greatest chess players look like idiots, but it didn’t do that while cracking
jokes, preening, and accusing them of being frauds and agents. If Mathis had been created
as some sort of computer project there would be no reason to make him a political
revolutionary as well, an artist, or a conspiracy theorist. In fact, there would be every reason
NOT to do that. AI is obviously a government project so there is no chance they would make
their lead science cyborg wildly anti-government. You will say they lost control of him but how
do you lose control of a computer program? You can always pull the plug.

And then there’s the fact that AI has been such a crushing disappointment in all other ways.
Nothing AI has done or is doing is on this level. An AI that had just rewritten all of physics
should be doing similar things in other fields but we don’t see anything like that.
If Mathis was created by a roomful of computer guys do you think they would allow his sites to
look like they do? His sites are so old-school it is laughable. He has no graphics and even
his diagrams are pre-1990. We have seen him draw some of his diagrams by hand, with a
pencil! On his art site he constantly promotes the Amish. No way this came out of Google or

[Besides, although I hadn’t talked to Mathis when I wrote this, I have since had a long chat
with him on an untraceable line. I have a big IQ myself, having scored 800 on math on both
the SAT and GRE. My fluid intelligence has been tested at 150+, and I have read all of
Mathis’ papers, many of them a dozen times each. I put him through his paces and he didn’t
drop or even bobble the ball once. If he is a project front he has memorized all these papers
down to the last word, which seems unlikely if he is just a pretty-boy artist. I have to admit I
got the feeling of being in the presence of a greater intelligence, something I have never said
before. One other thing may interest you: although he knows his own stuff cold, when he
doesn’t know something he doesn’t know it AT ALL. Not really surprising, since we could all
say the same. But I see that as another indication he is human and not a project. If he was
being fed information from an earpiece for instance he should be able to come up with
something on just about any topic immediately. But there were large parts of my field he
knew absolutely nothing about. Just what we would expect from an artist that came into
science from the outside.]”

Continues for 6 more pages………



Washington Post journalists walk off jobs in one-day strike

Journalists at The Washington Post walked off their jobs in a one-day strike Thursday. More than 750 staff members at the Post walked out, refusing to work for 24 hours in what they say is the “biggest labor protest at the company” in 48 years. The Washington Post Newspaper Guild announced in a letter to… Source

AI, Israel & ChatGPT — The AntiChrist Conspiracy


KEVIN’S JUVENILE BUT VERY DANGEROUS REVENGE! “Nancy Pelosi At Least Stuck Around” – Matt Gaetz Responds to Kevin McCarthy’s End of Year Resignation Leaving Republicans With a One Seat Majority (VIDEO)

“Nancy Pelosi At Least Stuck Around” – In TGP Exclusive Matt Gaetz Responds to Kevin McCarthy’s End of Year Resignation Leaving Republicans With a One Seat Majority (VIDEO)


Biden Walks Away When Confronted About Hunter’s Business Connections: ‘It’s a Bunch of LIES!’

US President Joe Biden abruptly ended a press conference Wednesday when he was asked uncomfortable questions about his ties to Hunter Biden’s foreign business dealings. A reporter pointed out to Biden that 70% of Americans […]

The post Biden Walks Away When Confronted About Hunter’s Business Connections: ‘It’s a Bunch of LIES!’ appeared first on The People's Voice.


Scientists Have Reported a Breakthrough In Understanding Whale Language

Researchers have identified previously unknown elements of whale vocalizations that may be analogous to human speech, a new study reports. 

Sperm whales are giants of the deep, with healthy adults having no known predators. Scientists studying their vocalizations have already picked out key elements of their communication, namely clicks, sequences of which are called codas. Now, researchers led by Gašper Beuš from the University of California, Berkeley report the discovery that the acoustic properties of these clicks—for example, pitch—are “on many levels analogous to human vowels and dipthongs,” which is when one vowel sound morphs into another such as in the word “coin.” The researchers even identify two unique “coda vowels” that are “actively exchanged” in conversation between whales, which they term the a-vowel and i-vowel. 

The researchers explain in their paper, published as a preprint online this week, that the first clue that so-called spectral properties could be meaningful for whale speech was provided by AI. Beuš previously developed a deep learning model for human language called fiwGAN which “was trained to imitate sperm whale codas and embed information into these vocalizations.” Not only did the AI predict elements of whale vocalizations already thought to be meaningful, such as clicks, but it also singled out acoustic properties. 

To follow up on the AI’s tip, the researchers analyzed a dataset of 3948 sperm whale codas recorded with hydrophones placed directly on whales between 2014 and 2018. They only analyzed one channel from the hydrophones to control for underwater effects and whale movement, and removed click timing from their visualization to better isolate patterns in the acoustic properties themselves. 

These visualizations vindicated the AI’s prediction: The whales reliably exchanged codas with one or two formants—frequency peaks in the sound wave—below the 10kHz range. The researchers termed these codas “vowels,” with single-formant codas being a-vowels and two-formant codas being i-vowels. “This is by analogy to human vowels which differ in their formant frequencies,” the authors wrote. They also identified upward and downward frequency “trajectories” in these codas, which they considered analogous to dipthongs in human language.

Considering that these coda vowel patterns were very distinct and not intermixed, plus the existence of dipthongs, the researchers argue that whales are controlling the frequency of their vocalizations. 

“Under our proposed view, whale clicks are equivalent to the pulses of vocal folds in human speech production,” the authors wrote. “In other words, we treat clicks as the source and the sperm whales’ resonant body (the nasal complex, including the spermaceti organ) as the filter that modulates resonant frequencies.”

The analogies to human speech are readily apparent. The authors note, for example, that vocal tone in Mandarin can change the meaning of otherwise identical syllables.

“If our findings are correct, it means that the communication of sperm whales is much more complex and can carry more information than previously thought,” the researchers concluded.


Biden campaign not yet committing to general election debates

President Biden’s reelection campaign isn’t yet committing to general election debates in a contest that is shaping up to again pit Biden against former President Trump because of his massive lead in the GOP primary polls. Deputy campaign manager Quentin Fulks told reporters in Alabama on Wednesday that the Biden campaign “will have those conversations”… Source

Blinken Conveys ‘Unwavering Support’ For Guyana After Venezuela’s Maduro Proclaims “Esequibo Is Ours”, Gives Energy Companies 3 Mos To Exit

Blinken Conveys ‘Unwavering Support’ For Guyana After Venezuela’s Maduro Proclaims “Esequibo Is Ours”, Gives Energy Companies 3 Mos To Exit

To recap the rapidly evolving situation in Guyana…

  • Neighboring Venezuela now considers around three-quarters of the oil-rich nation theirs – with President Nicolás Maduro presenting a map on television that shows Guyana’s Esequibo region  as under the jurisdiction of Caracas.

  • Maduro vowed to create a Venezuelan state known as Guyana Esequibo, for which he will grant Venezuelan citizenship to Guyanese residents there.

  • Maduro will has granted licenses and ordered state oil company PDVSA and state metal conglomerate CVG to drill for oil in the area.

  • A special military unit will be created for the territory.

  • Energy companies in the Esequibo region such as Exxon Mobil will “have three months to withdraw.”

  • Guyanese President Irfaan Ali said he would report the matter to the UN Security Council, saying in a late-night televised address “The Guyana Defense Force is on high alert,” adding “Venezuela has clearly declared itself an outlaw nation.”

  • The UN Security Council will hold a closed-door meeting on the issue Friday, Bloomberg reports.

And last night, a Guyana army helicopter was reported missing near the border with Venezuela.

Now, the US State Department is involved.

“Secretary of State Antony J. Blinken spoke with Guyanese President Dr. Mohamed Irfaan Ali to reaffirm the United States’ unwavering support for Guyana’s sovereignty,” said the State Department in a late Wednesday news release.

Department spokesman Matthew Miller also told reporters that the Biden administration supports a peaceful resolution.

A member of the Venezuelan National Assembly holds a map showing the Esequibo region as part of Venezuela this week. (Leonardo Fernandez Viloria/Reuters)

As we noted on Friday – why would Maduro do this now, when Caracas has for more than 200 years claimed rights over Esequibo, a vast swath of the territory Guyana? Simple: because as we said several days ago, it was only a few months ago that Maduro realized he has leverage over the US president of the “most powerful nation in the world” and get away with anything… even invading a sovereign nation.

Venezuela has long claimed the 61,000-square-mile region. Guyana has repeatedly rejected those claims, saying an 1899 international arbitration resolved the dispute. Venezuela has in turn questioned the validity of that ruling. Just last week, the International Court of Justice urged both sides to refrain from “any action which might aggravate or extend the dispute.” –WaPo

As Austin Bay writes at The Epoch Times, the region has a legacy of overlapping claims.

Spain claimed the Essequibo region was within the borders of Venezuela, but Great Britain and the Netherlands disputed that. Guyana was a British colony. In 1899 an arbitration tribunal in Paris, with the U.S. mediating, ruled that the region belonged to Britain.

Maduro portrays himself as a warrior seeking to right great historical wrongs. Well, playing drama king is easier than fixing a broken economy.

Maduro may be toying with a replay of 1982 when another shaky dictator thought a foreign war to distract his citizens was a dandy idea. The shaky dictator was Argentina’s Gen. Leopoldo Galtieri who proceeded to invade the Falkland Islands (Las Malvinas). He bet seizing the islands from the British “imperialists”—“recovering” them Galtieri called it—would unite Argentinians.

Britain, led by Margaret Thatcher, counterattacked, Argentina lost, and Galtieri’s regime collapsed.

All bark, no bite?

Interestingly, oil is nonplussed by the recent moves. Maybe because Venezuela won’t be able to occupy the “new state?”

As WaPo further notes;

For now, Maduro’s rhetoric remains largely symbolic and political bluster. But his remarks have unsettled Guyana’s leader and attracted stern statements from the United States and Brazil urging Venezuela to refrain from using military force to enforce its territorial claim.

Guyanese President Irfaan Ali said in a CNN interview this week that Maduro’s declaration was a “desperate attempt by Venezuela to seize” his country’s territories. “We are taking every precautionary measure,” he said, including appeals to the United States, Brazil and the United Nations for diplomatic and defense support to deter a Venezuelan invasion. -WaPo

Exxon Mobil CEO Darren Woods was similarly nonplussed. In a Thursday CNBC interview, he suggested that Maduro is going to have a fight on his hands.

“There’s concern that Venezuela is going to invade a certain part of the country,” said host David Faber.

“I’d put it in the context of what’s been happening for many, many years,” Woods responded. “It is a matter between nation states… I’m not sure Guyana is standing on its own, to tell you the truth. We’ve all seen what happens when nations’ sovereignties are challenged, and uniliteral action is taken. The world and the outside community is pretty sensitive to that, so my expectation is that there is more broad support in the international community to make sure that the right processes are followed to resolve this dispute.”

Neighboring Brazil, meanwhile, has reinforced its northern border in the state of Roraima, adding armored vehicles and more troops, according to Reuters.

Tyler Durden
Thu, 12/07/2023 – 10:15 Source

Taliban education policies hurting boys too: Human Rights Watch

Human Rights Watch (HRW) claimed Wednesday that the education policies implemented by the Taliban in Afghanistan are harming boys as well as girls. “Human Rights Watch interviewed boys and parents of boys across 8 of Afghanistan’s 34 provinces and found an alarming deterioration in boys’ access to education and the quality of their education,” the… Source

Vanishing clinics: The stark reality of abortion access in post-Dobbs America

The closure of 65 independent reproductive care clinics since June 2022 leaves 14 states entirely without abortion clinics. Source

How the US has darkened the nuclear cloud over humanity

A nuclear conflagration is plausible via any one of numerous scenarios. Source

Reuters, New York Times top list of fossil fuel industry’s media enablers

New report by DeSmog and Drilled reveals extent of commercial partnerships between trusted outlets and Big Oil. Source

Wildfires unleash deadly air crisis as Western USA chokes on toxic smoke surge

Rising wildfire smoke nullifies decades of air quality gains. Source

Trump arrives in New York court as defense case nears end in fraud trial

Former President Trump is back in the New York courtroom where his civil fraud trial is underway as the defense nears the end of its case.  The former president was last in court a month ago, when he took the witness stand himself to defend his business practices and lambast those involved in the case… Source

AMD Unveils New AI Chip To Challenge Nvidia’s Market Dominance 

Shares of Advanced Micro Devices rose in premarket trading on Thursday after chief executive Lisa Su unveiled AMD’s newest artificial intelligence chip, the Instinct MI300X, at an event in San Jose, California, on Wednesday. Su highlighted that this new chip surpasses the performance of Nvidia’s current AI chips.

The launch of MI300X is one of AMD’s most important in years as it prepares to take on the AI chip market dominated by Nvidia. These graphics processors are being used to power AI models by OpenAI’s ChatGPT and Elon Musk’s xAI Grok. 

AMD’s new chip has more than 150 billion transistors and 2.4 times the memory compared with Nvidia’s H100, the current leading AI chip. It also has 1.6 times more memory bandwidth, further increasing performance. Su noted the new chip is equivalent to H100 in its ability to train AI software. 

She provided a stunning projection for the AI chip market’s size, estimating it could surpass $400 billion in the next four years. This figure is double the forecast AMD provided in August. 

“I think it’s clear to say that Nvidia has to be the vast majority of that right now,” Su said, referring to the AI chip market, adding, “We believe it could be $400 billion-plus in 2027. And we could get a nice piece of that. “

Soaring demand for Nvidia AI chips this year from data centers fueled a massive rally in the company’s shares, sending its market value over the trillion-dollar market. One major question is how long will Nvidia retain AI chip dominance. 

Nvidia shares closed down 2% on Wednesday, a sign investors see MI300X as a new threat to the company’s market dominance. As of premarket trading on Thursday, Nvidia was flat, while AMD was higher by 2%. 

Meanwhile, the PHLX Semiconductor Sector has put in 2 lower highs. 

Analysts said that they believe AMD’s chips will gain traction because of affordability:

BMO Capital Markets analyst Ambrish Srivastava (outperform) 

  • AMD did a considerably better job in its second AI event this year
  • The company “provided a fairly comprehensive look at its AI portfolio, its approach to addressing the market, and more importantly filling in a few blanks such as performance metrics, and customer/segment traction/ announcements”

Stifel analyst Ruben Roy (buy)

  • AMD’s prospects look positive as AI total addressable market (TAM) continues to increase
  • The company displayed “growing ecosystem momentum and increased focus on collaboration” 

Wells Fargo analyst Aaron Rakers (overweight)

  • AMD flagged the breadth of cloud customer adoption on the MI300X beyond just Microsoft Azure
  •  Highlighting other customers like Oracle and Meta and flagged a “huge increase” in AI accelerator TAM 

TD Cowen analyst Matthew Ramsay (outperform) 

  • The event reinforced belief that “AMD is well positioned to meaningfully participate in a large AI accelerator growth TAM”
  • It was a “key milestone in the company’s AI journey, cementing its role as the leading genAI alternative”

And let the competition begin. 


This post was originally published on this site

The post AMD Unveils New AI Chip To Challenge Nvidia’s Market Dominance  appeared first on Nemos News Network.


‘Genocide’ is a word whose meaning should matter

If genocide no longer has meaning, then the slippery slope becomes a cliff.  Source

Watch: VACCINATED Montreal Mayor Valérie Plante collapses mid-speech


Stay Free If You Lie. Prison if you tell the truth.

By Frank Bergman December 5, 2023

A New Zealand government whistleblower is now facing up to seven years in prison after being arrested for going public with data exposing the country’s mass deaths among the Covid-vaccinated population.

As Slay News has been reporting, Barry Young, a lead database administrator for New Zealand’s public health ministry, Te Whatu Ora, leaked explosive secret government data on the death rates of people who have received Covid mRNA shots.

Identifying himself as “Winston Smith,” Young released data showing that vast numbers of vaxxed New Zealanders are now dead.

The whistleblower exposed official government data that shows the nation’s spike in excess deaths is associated with the Covid injection campaign.

According to the statistician whistleblower’s explosive official data, more than 20% of the nation’s citizens have now died after receiving their Covid mRNA shots.

Like many other countries around the world, New Zealand has suffered an unprecedented spike in excess deaths over the past two years.

Due to strict mandates and heavy government pressure during the Covid pandemic, the vast majority of the New Zealand population is fully vaccinated.

Official data shows that 95.8% of the eligible New Zealand population aged 12 and over have received one dose of the Covid mRNA shots.

While a staggering 94.7% of the eligible New Zealand population aged 12 and over are considered to be fully vaccinated.

After his whistleblowing went viral around the world, Young’s home was raided by authorities and he was arrested, as Slay News reported.

Young disclosed the government data during an interview with investigative journalist Liz Gunn.

Shortly after his disclosure, Gunn reported that Young had been raided by the police on Sunday.

According to James Freeman on radio station TNT, Young is now facing up to 7 years in prison.

On Sunday, Gunn put out an “emergency call” to say that Young’s home had been surrounded by police for hours.


The New Zealand government health agency, Te Whatu Ora, has been granted an injunction that “prevents any publication of the data” leaked by Young.

The agency alleges that Young has had all of his access to the project’s system removed.

Young was charged with accessing a computer system for “dishonest purposes.”

According to legal experts, the charge carries a maximum penalty of seven years in prison.

Young was released on bail on Monday.

However, police said they would be opposing his release on bail because of the risk he could continue to spread “misinformation.”

TNT Radio Chat’s James Freeman reported that the reason he needs “protecting” is because of the significance of the data set that Young leaked.

While many initially attempted to argue that Young’s data leak was fabricated, the fact that he has been arrested for publishing the information only confirms its authenticity.



Germany’s Commitment To End Coal By 2030 Is A Never-Ending Shell Game

Authored by Mike Shedlock via,

Place the idea of Germany ending coal use by 2030 on the list of energy things that has little chance of happening…

Here is an article from November 2, 2022 that serves as a nice background starting point for today’s discussion.

Reuters reports Germany’s Cabinet Approves Accelerated Coal Exit by 2030 in Western State

At first glance that headline sounds impressive. But note it is not Germany-wide, just one state.

Then read the article for the details.

Germany’s cabinet on Wednesday approved a draft law to phase out coal-fired power plants in the western state of North Rhine-Westphalia by 2030 instead of a previous date of 2038, part of Berlin’s efforts to speed up the cutting of greenhouse emissions.

At the same time, the cabinet approved extending the lifespan of two coal-fired plants in the same state as a way of shoring up the country’s energy security as it copes with dwindling Russian gas and oil supplies since the war in Ukraine.

Germany agreed to speed something up that is seven years away at the expense of keeping two coal-fired plants operating that were supposed to shut down this year.

What Does “Ideally” Mean?

It was not clear whether the 2038 phase-out date for coal plants in eastern Germany will still apply. Berlin’s coalition government had agreed to “ideally” bring forward the overall coal exit in the country to 2030.

Ideally, nearly all of us should make a living wage soon. That sure sounds good, whatever it means.

Someone needs to adopt that as a campaign slogan. It contains five fuzzy ideas in one sentence, “Ideally”, “nearly all of us”, “should”, “living wage”, and “soon”.

Bear in mind we are somehow discussing a 2038 phase-out date when the commitment is to end all coal usage by 2030, ideally of course.

Energy Monitor September 2023

The Energy Monitor reports The “Current Pace” is Not Sufficient to Meet 2030 Targets.

Germany is set to generate more than half of its power from renewable sources this year, according to Robert Habeck, Federal Minister for Economic Affairs and Climate Action and co-leader of the Green Party.

National targets state that, by 2030, the share of renewables in power consumption in Germany must reach at least 80%; however, Habeck warned that: “We won’t get there at the current pace.”

German Finance Minister Casts Doubt on 2030 Coal Exit

Next, please consider German Finance Minister Casts Doubt on 2030 Coal Exit, published November 1, 2023.

German Finance Minister Christian Lindner on Wednesday called into question the government’s aim to end coal use in Europe’s largest economy by 2030.

Until it is clear that energy is available and affordable, we should end dreams of phasing out electricity from coal in 2030,” Lindner said in an interview with the German daily Koelner Stadt-Anzeiger.

Now is not the time to shut down power plants,” he added.

Lindner’s comments threaten to deepen division within the ruling coalition between Chancellor Olaf Scholz’s Social Democrats, the Greens and the FDP, where ministers have clashed over how to respond to higher energy prices while reducing fossil fuel usage.

The coal exit date is a plank in Germany’s project to produce 80 percent of its electricity from renewables by 2030 and the coalition aims “ideally” to close all coal-fired plants within the same timeframe.

Germany Will Flunk 2030 Coal Exit

Today, Eurointelligence announced in its headline story: Germany Will Flunk 2030 Coal Exit.

That’s a paywalled article that I have not read. But here we are, over one year later, still discussing the meaning of “ideally”.

New Green Goals Would Force You to Be Vegan and Eliminate Cows

Meanwhile, in the US, New Green Goals Would Force You to Be Vegan and Eliminate Cows

A huge backlash against climate change goals is underway. A cow burp tax decided the election in New Zealand. People are upset with similar Green stupidity in California as well.


This post was originally published on this site

The post Germany’s Commitment To End Coal By 2030 Is A Never-Ending Shell Game appeared first on Nemos News Network.


Biden Says He’ll Deploy US Troops To Fight Russia If $100 Billion In Ukraine Aid Is Not Approved

Joe Biden has threatened to deploy US troops to fight Russia unless Congress passes its $106 billion request for more Ukraine war funding. In his plea to Congress for more funding, Biden baselessly claimed that […]

The post Biden Says He’ll Deploy US Troops To Fight Russia If $100 Billion In Ukraine Aid Is Not Approved appeared first on The People's Voice.


Fox News’s Doocy says Ramaswamy was ’embarrassing’ during fourth debate

Fox News host Steve Doocy on Thursday knocked GOP presidential candidate Vivek Ramaswamy for the way he handled himself during the fourth 2024 primary debate the previous night. “Vivek was embarrassing. You know, he just came in too hot once again. He got booed a number of times,” Doocy said on “Fox and Friends.” “I… Source

Supreme Court to consider ‘quadrillion-dollar question’ in major tax case

Supreme Court to consider ‘quadrillion-dollar question’ in major tax case


BOJ Shocks With Hints Of Imminent Rate Hike, Traditionally A Signal Of Imminent Financial Crisis

After a brutal drop in interest rates across the globe in November, driven by expectations of imminent rate cuts by heretofore hawkish central banks, markets have seen a sharp reversal in tone in the past 12 hours, with bond yields seeing a significant increase overnight and equities losing ground, despite a major bond rally taking place yesterday. The main catalyst for this have been comments from Bank of Japan officials, which have suddenly seen investors ramp up the chances that the BoJ could bring an end to their negative interest rate policy, with markets pricing in nearly 50% odds of a December hike.

Why the sudden change? Well, yesterday we saw Deputy Governor Himono discuss the impact of negative rates, pointing out that households could benefit from higher net interest income if rates were positive (which, of course, is a “brilliant” conclusion: if interest rates are positive one may actually earn interest instead of paying it, thank you BOJ). He also added that “there would be a sufficient possibility of achieving a positive outcome from the exit, since a wide range of households and firms would benefit from the virtuous cycle between wages and prices”. So some fairly positive remarks about what could happen in such a scenario.

Then this morning, we’ve BoJ Governor Ueda himself, who added to that speculation by saying that policy management would “become even more challenging from the year-end and heading into next year”.

In turn, bipolar investors who were certain the BOJ would do nothing until mid-2024 and the yen traded as low as 152 just a few weeks ago, are now pricing in a 37% chance that the BoJ are going to end their negative interest rate policy at the meeting on December 19, and at one point overnight that even got as high as 45%…

… which in turn sent the USDJPY tumbling a whopping 250 pips in its biggest one-day drop since January, sliding to 144.81, the lowest since September.

Japanese government bonds also saw a sharp selloff, with yields on 10yr JGBs up +11.5bps overnight, and that move got further support after a dreadful 30yr auction saw weak demand and the lowest bid-to-cover since 2015.

Moreover, the impact hasn’t just been confined to Japan, with yields on 10yr Treasuries up +6.8bps overnight to 4.17%, although as discussed yesterday, the Treasury rally was due for a substantial pullback even without the BOJ: “Both valuation and positioning would argue for exhaustion in the recent bond rally,” said Mohit Kumar at Jefferies International. “Given our view of only a mild recession and inflation still remaining sticky, we would argue that the market has run a bit ahead of itself.”

So is the market – again – getting ahead of itself? As usual, the answer is yes, and even though the Bank of Japan has a terrible timing track record, most sellside research expect the central bank to not move until well into 2024.

Case in point, UBS Research expect the BoJ to end its negative interest rate policy (NIRP) in April 2024. Simultaneously, the market is pricing the Fed’s first cut between March and May next year. Historically, this has happened before. BOJ’s rate hike in 2000 (25bp) and 2006 (50bp) were followed by FED’s cut as below.

That said, while a long-overdue rate hike by the BOJ should help Japan contain its runaway inflation, and should send prices tumbling into deflation post haste, hiking rates means a fresh round of mayhem and disarray in the JGB market, and an imminent reversal back into ZIRP and more QE.

Indeed, as Bloomberg notes, one cannot help but wonder if the BOJ is about to repeat the mistakes of 2000 and 2006-07 by starting to hike after the Fed has finished, and usually just before something in the global economy breaks.

For those who may not recall, the BOJ launched ZIRP in the late 1990s after an extended period of rates at 0.50% failed to spur a recovery from the implosion of the 1980s twin bubble and the associated fallout in the banking system. Yet in August 2000, the BOJ put rates back up to 0.25% (the unwinding of the dotcom bubble looked pretty orderly and well-contained at that point). And whoops! Just a couple of weeks after the BOJ hike, the Nasdaq bubble burst, starting a swoon that didn’t really end for more than two years.

But wait, there’s more: a few years later, meanwhile, the country was enveloped in a wave of optimism courtesy of the dynamic leadership of former PM Junichiro Koizumi. The BOJ hiked in July 2006, and again in February 2007. A few days after that second hike, Chinese stocks dropped nearly 9% in a single day…still the largest daily decline of the century for that market. A few months later, a couple of Bear Stearns credit hedge funds imploded, ushering in the GFC.

“Obviously one shouldn’t posit a causal relationship there, because there isn’t one. It’s more a case of when the BOJ finally gets around to tightening, it seems that it’s late enough in the cycle that something goes seriously wrong elsewhere soon thereafter.”

Bottom line: while we don’t think a rate hike by the BOJ is imminent – and may never even happen, the central bank is best known for its jawboning not so much for its actions – should Ueda indeed proceed to hike rates, and thus start the countdown to the next crisis, it would tie in perfectly with our recent report that the “Sudden Spike In SOFR Hints At Mounting Reserve Shortage, Early Restart Of QE“, because there will be no better catalyst for the Fed to restart QE than having one of its central bank peers throw the world into a fresh round of chaos.


This post was originally published on this site

The post BOJ Shocks With Hints Of Imminent Rate Hike, Traditionally A Signal Of Imminent Financial Crisis appeared first on Nemos News Network.


‘Operation Al-Aqsa Flood’ Day 62: UN Chief invokes Article 99, warning Israel’s war on Gaza threatens ‘international peace and security’

Israel continues massacring Palestinians in Gazan, approves provocative Israeli march through Al-Aqsa Mosque and kills a Palestinian child in the West Bank. Source

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