From Snowflakes To Raindrops: The Decline Of White Christmas

The magic of a white Christmas - snowflakes dusting city streets and children sledding under twinkling lights - is firmly rooted in the collective imagination, whether in Northern America or Europe.

But what are the actual chances of having a white Christmas?

As Statista's Tristan Gaudiaut details below, according to meteorological service data published by various media reports, there is a significant decline in the likelihood of waking up to snow on December 25 around the world.

You will find more infographics at Statista

Over the last few decades, the tendency for winter precipitation to occur more often in the form of rain, some cities in the Northern Hemisphere are now experiencing white Christmases about half as often as they did in the mid-20th century.

In North America, where a white Christmas is defined as at least 2 cm (1 inch) of snow cover, Montreal is known to be a winter wonderland, with snow recorded 79 percent of the time on December 25 between 1955 and 1989.

Nowadays, the largest city in the province of Quebec sees snow the same day around 68 percent of the time (1990-2024), a drop of 15 percentage points.

A little further south, in the United States, Chicagoans could once expect a snowy Christmas nearly one in two years (47 percent in 1955-1989), but now just face a 35 percent chance (1990-2024), while New Yorkers' odds have fallen from around 18 percent to 12 percent over the same period (-33 percent).

Across the Atlantic, data collected in Germany reveals a similar story.

Munich, famed for its fairy-tale Christmas markets dusted in snow, has seen its white Christmas probability (defined in Europe as at least 1 cm of snow cover) decrease from 47 percent in 1955-1989 to around 20 percent since 1990, a drop of more than 50 percent.

Berlin, less of a snow guarantee, has gone on its side from over a one-in-four chance (29 percent) to just under one-in-five (18 percent), with the last white Christmas dating back to 2010.

Tyler Durden Thu, 12/25/2025 - 12:45

FBI Raided Secret Service Agent's Home In Charity Tax Fraud Probe

Authored by Susan Crabtree via RealClearPolitics,

The FBI recently raided the home of a Secret Service agent on Vice President JD Vance’s detail in an alleged tax and wire fraud case involving millions of dollars in donations and grants.

In the alleged scheme, the agent accepted donations to a charity that purports to help inner-city youth and victims of domestic violence but didn’t provide the services it reported to the IRS, according to several knowledgeable sources in the Secret Service community.

The raid, which took place on or around Dec. 8, was the culmination of more than a year of work by a joint FBI-IRS investigation that the Secret Service joined in recent months, the sources said. Federal investigators have interviewed more than a dozen Secret Service agents, some of whom contributed to the nonprofit at the center of the probe, which is run by an agent on Vance’s detail.

The Secret Service has placed the agent on unpaid administrative leave and suspended his security clearance, signs that the agency considers the potential crimes and misconduct extremely serious, even though the individual has not been arrested, according to sources familiar with the matter.

RealClearPolitics has reached out to the USSS and has been told a statement is forthcoming.

The alleged fraud could further bruise the Secret Service, which is facing retention problems as it struggles to regain its once elite reputation after two Trump assassination attempts last year. In addition to potential criminal prosecution, the Secret Service agent could face internal insider threat allegations for demonstrating poor judgment and possible criminal intent.

“This is bigger than the 2012 prostitution scandal because agents are trained to investigate tax and bank wire fraud – anyone involved knew what they were doing was illegal,” one source remarked.

In 2012, more than a dozen Secret Service agents and other personnel were placed on administrative leave, and several were eventually fired after their superiors discovered they had hired prostitutes during a trip to Colombia to prepare for then-President Obama’s visit to the Summit of the Americas.

The agent whose home was raided is listed as the founder and chairman of the charity’s board of directors on tax documents filed with the IRS.

The charity in question purports to provide laptops to young inner-city youth in its “Laptops for Hope Program” – at least some of which are laptops donated by the Secret Service because they are beyond their warranties, according to knowledgeable sources. Investigators, however, are looking into whether laptops discovered in the basement of the agent’s home were ever donated to the youth or whether there were plans to do so.  

In tax documents, the charity states that its mission is to provide “emergency assistance to survivors of domestic violence, financial literacy, preventing childhood obesity, & [stet] supporting families affected by HIV/AIDS in VA, MD, DC, & GA.”

The alleged tax and wire fraud schemes could implicate numerous Secret Service agents and employees, some of whom allegedly donated to the charity and then received part of their donation back in a payment. Investigators are looking into whether the donations allowed the Secret Service agents to file deductions and write off numerous work-related expenses, the sources said.

The charity has been operating since 2022, receiving $351,329 in contributions and grants in its first year while paying just $23,000 in salaries, tax documents show. In 2023, contributions and grants shot up to $806,409, and the nonprofit paid its officers a total of $154,590. Those numbers increased to $979,053 in contributions and grants in 2024, the latest tax document available. That year, the charity reported paying $267,221 in salaries.  

Tyler Durden Thu, 12/25/2025 - 12:00

COVID Christmas: Never Forget

Yes, it's been five years.

Yes, it's the season of joy and forgiveness, blah blah blah.

But, fuck that!

In 2020, while the sheeple huddled in fear-porn isolation, a cabal of power-hungry bureaucrats and pharma-shilling "experts" pulled off the greatest heist in modern history: they stole Christmas.

Not with guns or tanks, but with "emergency decrees," arbitrary lockdowns, and endless streams of hysterical propaganda about a virus with a 99.7% survival rate for most.

Across the West, authoritarian governors and health czars like California's Gavin Newsom and New York's Andrew Cuomo played Grinch-in-Chief.

Family gatherings? Banned.

Churches closed on the holiest night of the year, while big-box retailers like Walmart raked in billions—essential, you see.

Travel restrictions grounded flights, borders slammed shut, and millions faced solitary holidays, Zoom "celebrations" replacing real human connection.

In the UK, Boris Johnson's last-minute Tier 4 lockdown crushed plans for millions, proving politicians love nothing more than moving goalposts.

And to ensure we don't forget (or forgive) those that imposed such a farce upon so many, Martin Armstrong dug up some images as a reminder...

The economic carnage was deliberate: small businesses gutted, restaurants shuttered, while Amazon's Jeff Bezos laughed all the way to his yacht.

Fauci the Flip-Flopper pontificated from his ivory tower, warning against singing carols or hugging grandma, as if seasonal joy itself was a superspreader event.

This wasn't public health - it was social engineering on steroids.

Fear was the weapon, compliance the goal.

The tyrants wrapped their theft in "science" bows, but the data later exposed the scam: excess deaths from despair, suicides, delayed treatments far outweighed their "saved" lives narrative.

Five years on, the damage lingers: fractured families, eroded trust, and a precedent for endless control.

Christmas 2020 wasn't just stolen - it was sacrificed on the altar of technocratic tyranny.

Never forget: they hated the Whos down in Whoville, and they'll do it again given half a chance.

Never Again!

Tyler Durden Thu, 12/25/2025 - 11:15

Intensifying Shortage: This Is What A Run On The London Silver Market Looks Like

Authored by David Jensen via Substack,

Dutch trading specialist Karel Mercx posted the following commentary where the opposite (multiply by -1) of the silver swap rate minus US interest rates can be used as a proxy for the implied silver lease rate to determine physical shortage in the London silver market.:

“The 1-year silver swap minus the US interest rate is now –7.18%.

That distortion explains why the silver rally is not over.

Only at the red line do supply and demand normalize.”

A further six days ago Mercx posted the following commentary:

“ The 1-year silver swap minus the US interest rate is now almost –7%! That distortion is the key reason the silver rally is not over.

That spread should be positive, since silver needed in one year comes with storage, insurance, and financing costs.

Extra explanation.

The silver swap rate is a crucial part of the global precious-metals trade. It exists because major players such as banks, producers, industrial users, and investors constantly exchange silver for dollars without physically moving metal from vault to vault. This mechanism keeps the London physical market tightly connected to the New York financial market.

But that system is now under strain. Physical silver today is almost 7% more expensive than silver for delivery one year from now. Swaps were designed to avoid shipping metal around the world, yet today silver is being moved because buyers are demanding delivery.

Holding physical silver isn’t easy or cheap.

A $1 million position weighs several hundred kilograms, spread across dozens of heavy bars that require vault space, insurance, and security…

…That question is now being priced in. As long as the 1-year silver swap minus US rates remains below the red line, silver’s upside pressure continues. No one knows where supply and demand will reconnect. … ”

I’ve added a trend arrow to the chart that Mercx posted:

Figure 1 - One Year Silver Swaps Minus One Year One Year US Interest Rates at Dec 23, 2025; source: Karel Mercx x.com

Note that the distance from the red line normalization is increasing as the London silver shortage intensifies. The London silver market is devolving, not stabilizing.

[ZH: the spread between SHFE and COMEX silver futures is extreme to say the least - incentivizing the flow from London to Shanghai]...

This is what a run on the London ‘physical’ silver market looks like where holders of unallocated promissory notes for silver ownership and delivery, at the margins, start to demand physical metal delivery.

The enormous leverage of London paper (vapor) claims vs physical silver available for delivery gives the potential for a very quick unwind of London.

Tyler Durden Thu, 12/25/2025 - 10:30

Arab Nonprofit Stirs Pot With Times Square Ad On Christianity's Holiest Day

On the holiest day of the Christian calendar, the nonprofit Arab-American Anti-Discrimination Committee (ADC) purchased a gigantic Times Square advertisement in New York City declaring, "Jesus is Palestinian." This inflammatory and divisive rhetoric is nothing more than an attempt by the Arab nonprofit to stir up the Christian nation with their own narrative.

Adeb Ayoub, National Executive Director of ADC, told The New York Post that the nonprofit has been renting ad space in Times Square this year, with rotating weekly messages.

"There's a lot more similarities between Arabs and Muslims and Christians in this country than others want to allow us to believe and there are similarities and there is a fear of culture, shared religion," Ayoub said.

NYPost's report continued:

"Most of the Americans in this country are Christian and the birthplace of Christianity is Palestine. If people wanna go back and forth and debate it, then great, the billboard sparked debate. At least you're having a conversation about it. Otherwise, we're silenced and our voices and positions don't come out."

When asked whether his group is disputing that Jesus was Jewish, Ayoub said that "Jesus lives within all of us" and that the subject was "up for interpretation."

He added that Jewish groups he claims have waged a digital war against him since the Spring are free to promote their own views about Jesus.

Based on publicly available records, Adeb Ayoub appears to be affiliated with the United Mission for Relief and Development (UMR), which has a significant focus on Palestine. He also has links to "Liberation Legal" ... 

Earlier this year, ADC hosted ArabCon 2025, the nation's largest annual convention of Arab Americans, in Deaborne, Michigan, which hosted anti-Israel activist Linda Sarsour and China-linked Medea Benjamin of CodePink, among others.

Ahead of ArabCon, ADC wrote on their website, "Recent attempts to smear the organization and our upcoming conference deploy the same racist and tired playbook meant to intimidate and shame Arab and Muslim spaces– branding ArabCon with inflammatory labels like 'pro‑terrorism' and 'antisemitic.'"

Ayoub told NYPost that a new billboard will appear in Times Square for New Year's Eve... 

Tyler Durden Thu, 12/25/2025 - 09:55

"And May All Your Christmases Be [Woke]": Liberal Pundits Come For Santa And Other Holiday Traditions

Authored by Jonathan Turley,

“And may all your Christmases be [woke].”

As Santa prepares for his harrowing journey around the world, he is being closely pursued by liberal commentators protesting his race, gender, and capitalist leanings.

The perpetually outraged have finally come for Christmas.

One columnist at Slate called for Santa to be replaced by a penguin due to his race.

Aisha Harris admitted that she was being a bit cheeky in pushing the penguin substitute but sought to express “my real concern that America continues to promote the harmful idea of whiteness-as-default.”

Back to Santa. The British Brighton and Hove Museums have been the focus of this debate over the reposting of an earlier column by the museum’s Joint Head of Culture Change, Simone LaCorbinière, who explained that the traditional Christmas simply will not do with a Santa who is “too white, male” and a colonizer of elves.

I suppose that when you use public dollars to hire someone who will serve as “Joint Head of Culture Change,” it was only a matter of time before they came for Christmas. After all, the idea is that the British culture must generally change, right?

In a 2023 column titled Decolonising Father Christmas, LaCorbinière warns that Santa is “too white, male” and the traditional story “presents Santa as the ultimate authority of all societies. This asks us to accept colonial assumptions of cultural superiority. It doesn’t recognise the complex realities colonised people face.”

She expresses horror at the fact that Santa is “an old white man [who] supervise[s] the elves’ work.” We can put aside that Santa was identified in “A Visit from St. Nicholas” (1823) as a  “chubby and plump, a right jolly old elf.” LaCorbinière portrays him as a heartless white capitalist living off the labor of a captive elf workforce. She calls for “Santa to work in the factory alongside the elves.”

Changes must be made, according to the museum, to decolonize Christmas and break away from holiday images that are “white, male and non-disabled”:

“This perpetuates the harmful ‘colonial gaze’. Non-Western cultures are ‘othered’. It says that the coloniser has the power to judge all people. And it ignores many communities’ histories and traditions. Telling the story like this teaches new generations that the coloniser knows best.”

Santa is not alone.

In the meantime, NPR noted White Christmas has racist undertones, while Joy Reid has declared Jingle Bells to be a racist song.

Even “It’s a Wonderful Life” is a “bigoted” story fed to the populace to reinforce capitalist and racist values. Professor James Deaville warned recently that “while some viewers see the ending as affirming community, the film also keeps George partly ignorant of how the forces of inequity are actually operating in his largely white community.”

They are the self-flagellants of the holidays, moving through Christmas markets (which are also fascist traditions) with Gregorian chants of guilt.   Here are some enlightened carolers seen recently spreading “Tidings of Great Joy [Reid]” for the holiday:

Clearly there are many liberals who still enjoy the holidays without the need for self-affirming declarations of outrage or disgust. 

However, for some on the left, there is little joy in Christmas without identity politics and white guilt.

So the more the merrier and, as Tiny Tim declared, “God bless us, every one!”

Tyler Durden Thu, 12/25/2025 - 08:10

White House Orders Venezuelan Oil "Quarantine" As Gunboat Diplomacy Drives Dark Fleet Tanker Into Atlantic

The Trump administration has ordered the U.S. military to enforce a two-month "quarantine" of Venezuelan oil, signaling an intensification of gunboat diplomacy aimed at fostering regime instability in Caracas, with potential spillover effects that could ripple across the Caribbean into Cuba.

"While military options still exist, the focus is to first use economic pressure by enforcing sanctions to reach the outcome the White House is looking (for)," a U.S. official told Reuters on Wednesday afternoon, speaking on condition of anonymity.

The U.S. Coast Guard has already intercepted two Venezuelan crude tankers this month and is prepared to seize another dark fleet tanker, but the vessel Bella-1 was chased away.

Sources familiar with the sanctioned Bella-1 told Bloomberg that the tanker retreated into the Atlantic after being pursued by U.S. Coast Guard forces. The tanker failed to comply with instructions to move to calmer waters for boarding.

Bella-1's decision to evade closely monitored Venezuelan waters underscores how the Trump administration's U.S. blockade, widely viewed as gunboat diplomacy, has already disrupted Venezuela–Cuba–China oil flows. The blockade is set to further tighten financial pressure on President Nicolás Maduro's government by constraining crucial oil revenues. Beijing has already condemned Trump's gunboat diplomacy.  

According to analytics firm Kpler, Caracas has shipped nearly 900,000 barrels per day this year and relies on 400 dark-fleet tankers to transport the crude, much of which is bound for China. 

"The efforts so far have put tremendous pressure on Maduro, and the belief is that by late January, Venezuela will be facing an economic calamity unless it agrees to make significant concessions to the U.S," the U.S. official told Reuters.

Also reported this week, the Trump administration continues to expand its large military presence in the Caribbean, with more than 15,000 troops, an aircraft carrier, multiple warships, and stealth fighters staged across the region.

As we have repeatedly noted, this all reflects a significant reposturing of the U.S. military toward so-called Western hemispheric defense, effectively a Monroe Doctrine 2.0.

Tyler Durden Thu, 12/25/2025 - 07:50

The Economics Of Santa Claus

Authored by Vincent Cook via The Mises Institute,

When I was a junior at a high school in the suburbs of Los Angeles in late 1978, rather uncharacteristically, I took a big risk. The teacher of my American Government class, Mr. Knapp, gave us an assignment to write a serious paper about government economic policy. Instead of doing that, I decided to submit a paper with a satirical theme, estimating what it would cost to become Santa Claus. Not only was I not following instructions, I had no idea how Mr. Knapp would react to my brand of humor.

As you read the transcription of my paper below, bear in mind that I wrote it a few years before I learned anything about libertarianism or about Austrian economics. Still, I was under the influence of the libertarian zeitgeist prevailing in California at the time. With inflation raging out of control while traditional statist authority figures in both major parties were lamely touting yet more business-as-usual interventions and tax increases, Californians had had enough by then. In November of 1978, they revolted against property taxes (led by the legendary anti-tax gadfly Howard Jarvis, passing the Proposition 13 voter initiative to amend the state constitution) and even gave a libertarian candidate for governor 5.5 percent of the vote. Reading this work of mine, I’m sure you’ll agree that there was a definite proto-Austro-libertarian influence at work.

Keep in mind too that the purchasing power of the dollar in 1978 was at least a factor of ten times greater than it is today, and, of course, the American population has increased a great deal too, so you might find my cost estimates absurdly low. They weren’t low at the time, however. Also be mindful that there was neither an internet nor privacy-unfriendly smart phone service, and personal computers had only just been introduced into the marketplace (in fact, my part-time retail job responsibilities at Radio Shack the previous summer included sales of the primitive TRS-80 computer), so you’ll have to pardon the technological backwardness of my cost analysis in the information category—that part of Santa’s job could probably be done much more cheaply these days.

I have added screenshots of my paper showing a couple of Mr. Knapp’s comments.

Figure 1: Important Question Posed by Mr. Knapp

Source: Vincent Cook

Figure 2: Mr. Knapp’s Overall Comment

I’m taking another big risk to spring my youthful joke on you nearly five decades later, hoping that you’ll enjoy it as much as Mr. Knapp did back then—Merry Christmas!

Economics of Santa Claus

How often have you heard that there is no Santa Claus? If you check your history books, there was a real St. Nicholas who gave gifts to children, and he was given the Santa Claus title. Suppose someone wanted to claim this title now. How much would it cost? (I will restrict this Santa to the United States.)

To examine this profound question, I will break down the cost analysis into the three major categories which Santa is expected to fulfill.

1) Manufacture of 220 million gifts. These must be elf-handcrafted, at a factory at the North Pole.

2) Distribution of 220 million gifts. Local distribution takes place during about 5 hours on Christmas Eve by assistant Santa’s with 12 reindeer sleighs.

3) Monitoring of 220 million people, to determine how good they are.

For the first category, I will assume that an elf is a special sub-culture of human beings.

An elf should be able to turn out one hand-crafted gift a day. Since working conditions at the pole are very difficult, Santa will be expected to provide room and board, plus a salary of $200 per day. 220 million gifts then would require 220 million elf-days of labor at $200 per elf-day, at a total cost of $44 billion. Assuming continuous use of facilities, a city would be needed to house 600,000 elves. At the North Pole, this would be very expensive, say $1,000 per elf per day. This would bring the cost of facilities to $219 billion per year. Assuming the materials for each gift cost an average of $30, including transport to the pole, then the materials cost would be roughly $7 billion. Finally, we have the cost of the factories themselves; which, given the transient nature of the arctic ice cap, might cost $60 billion per year.

We see that arctic manufacturing is very expensive, I estimate the sub-total for this category to be $330 billion each year.

The second category is distribution.

This can be further divided into primary distribution (from North Pole to local distribution centers) and Christmas Eve local distribution (from local centers by sleigh to living rooms of families).

For the primary distribution, airlifting goods from the North Pole to the Canadian railroad network would be needed. This would probably cost about $10 billion. Further distribution and storage would also cost about $10 billion.

For Christmas Eve, assuming a sleigh crew of 3 men could handle 20 households, a fleet of 3 million sleighs, 36 million reindeer, and 90 million man-hours of labor would be needed. Assuming $500 a year for maintenance, the sleigh fleet would need $1.5 billion, plus another $0.5 billion for storage. Each reindeer would probably cost $1000 a year, for a total of $36 billion. 90 million man-hours, at $10 per man-hour, would cost about $1 billion. An additional $1 billion would be needed to cover the cost of legal expenses involved for employees caught trespassing while delivering gifts.

The sub-total for this category is about $60 billion.

The third category of Santa’s activities is in checking up on people to see who is good and who isn’t, to determine who deserves the best gifts.

The best method would be to hire a detective to monitor listening equipment at homes, workplaces, and schools. A single Santa detective could probably monitor 20 people, and write in-depth evaluations of them. For the United States, this would require 11 million detectives, plus a communications network, information storage and processing at the north pole, and equipment for the detectives. Since a full-time detective probably would cost $20,000 per year, total labor cost would be about $220 billion per year. Information evaluation, storage, and communications might cost $30 billion for 220 million reports. New equipment costs (such as “bugs,” mini microphones, transmitters, tape recorders, etc.) might run about $2 billion a year.

Sub-total for this category might be about $252 billion per year.

Adding up the three subtotals, we get a grand total for being a Santa Claus as $642 billion per year.

This is even more than the federal government spends, which shows how impractical it is to become a Santa Claus.

Still, there might be some potential income for Santa.

Huge sums of money could be extorted from people by the bad information that Santa’s detectives get.

Santa might also get to claim his 600,000 elves as dependents on his tax forms. His detectives could claim to be unemployed, and thus collect welfare and unemployment checks from the government. Santa could incorporate and collect royalties on the use of his image from corporations.

Best of all, Santa’s free gifts might drive corporations into bankruptcy, and he could take over all economic activity in the United States, with all of its potential for profit.

Santa could then proceed to take over the economies of many extremely rich nations, like Saudi Arabia and Iran, and thus assure himself of enough money to run his operations.

Tyler Durden Thu, 12/25/2025 - 07:00

Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.

We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.