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Now Reddit investors are talking about targeting silver, and that could change everything

Michael Snyder
The Economic Collapse Blog
Thu, 28 Jan 2021 00:00 UTC
Wall Street sign
© AP/Mark Lennihan
For decades, the big fish on Wall Street have been able to do virtually anything that they want, but now the small fish are fighting back and it has been a beautiful thing to watch. Finally it is payback time, and the losses have been absolutely staggering. In fact, Reuters is reporting that short sellers have lost more than 70 BILLION dollars so far this year. But nobody should be crying for the short sellers. As Charles Payne pointed out during an epic rant on Fox Business, the short sellers have ruthlessly crushed countless businesses over the years, and they did so without showing any mercy whatsoever.

So now the big hedge funds want mercy themselves?

It's not likely to happen.

After sending GameStop, AMC and other beleaguered stocks into the stratosphere, now investors on Reddit are talking about going after a really huge whale.

The silver market is perfectly primed for an epic short squeeze, and a coordinated assault by retail investors could make it happen.

Comment: See also:

'Everyone is afraid ahead of the open' as Reddit-Raiders spark nationwide physical silver shortage

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Stop

Biden's defense secretary puts the brakes on Trump's Germany troop draw down

Tyler Durden
Zero Hedge
Fri, 29 Jan 2021 19:40 UTC
Gen. Austin
© Jim Watson/AFP/Getty Images
US Defense Secretary General Lloyd Austin
Perhaps as expected, it didn't take long for the Biden administration to begin putting the brakes on Trump's previously ordered troop draw downs which occurred in the last two months of his presidency, particularly in Germany, Iraq, and Afghanistan.

The defense analysis and news site Military.com is reporting that new defense secretary under the Biden administration Lloyd Austin is reviewing the withdrawal of 12,000 US troops from Germany:
Defense Secretary Lloyd Austin has voiced his commitment to shoring up close ties with NATO ally Germany that were strained under the Trump administration, and suggested that the plan to withdraw 12,000 U.S. troops from the country is open to discussion.
The prior Trump plan for to cut nearly one-third of total American military personnel from the country was predictably fought from Congressional corners known for being hawkish on Russia, with even some American and European security officials having called the move a "gift to Putin".

Comment: Trump's former plans have taken a 'left' turn:


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Stock Up

'Everyone is afraid ahead of the open' as Reddit-Raiders spark nationwide physical silver shortage

Tyler Durden
Zero Hedge
Sun, 31 Jan 2021 10:29 UTC

Comment: UPDATE 1 Feb 2021

ZeroHedge isn't paying close attention. Retail traders at r/WallStreetBets are NOT recommending that everyone 'go short JPMorgan through silver'. Tim Pool reports on how this silver drive is MSM fake news to draw heat away from the hammering Melvin Capital and Citadel are taking from their exposure to high GameStop and AMC stock prices:



Silver and chart
© shutterstock
Update (1100ET): For some background on just how unprecedented this weekend's action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):
In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend). However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the "US Mint will be on allocation for the remainder of Type 1" (Current Silver Eagle Design). Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.
And, perhaps most importantly, as QTR tweets so succinctly, "this is a red pill moment for many, and it's beautiful."

Comment: See also:

Now Reddit investors are talking about targeting silver, and that could change everything

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Wall Street

Nancy Pelosi's recent stock purchase raises important ethics issues for all of Congress

Britni de la Cretaz
Yahoo Finance
Wed, 27 Jan 2021 12:38 UTC
Pelosi
© AFP
Speaker of the House Nancy Pelosi
Nancy Pelosi made some stock purchases last month that are raising eyebrows — and questions — about the ethics of Congresspeople buying and selling stocks. In December, Rep. Pelosi, the Speaker of the House, purchased 25 call options of Tesla stocks, along with a few other stock purchases. Why does this matter? Because under the Biden administration's new agenda, with its focus on environmental protections and combating climate change, Pelosi could benefit financially from those political plans.

President Joe Biden is currently encouraging the purchase of electric vehicles, and that could mean lifting the cap on sales, providing tax credits to buyers, and a potential program incentivizing people to trade in used vehicles to buy an electric one. Biden also announced on Monday that he would be replacing the entire fleet of 645,000 federal vehicles with electric ones.

This could create a conflict of interest, as part of Pelosi's job will include working to pass these environmental and clean energy initiatives — initiatives from which her family now stands to profit handsomely.

Comment: Is Pelosi guaranteeing her own 'Stimulus Package'?

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Attention

Arizona's Maricopa County STILL blocking valid audit of 2020 election results

Joe Hoft
The Gateway Pundit
Sun, 31 Jan 2021 19:46 UTC
Maricopa County Election Department
© Olivier Touron/AFP via Getty Images
A poll worker sorts ballots inside the Maricopa County Election Department in Phoenix, Arizona, on Nov. 5, 2020.
Media claims state law prevents the county from handing over ballots to an auditor

The Maricopa County Board of Supervisors has balked and manipulated information and the media to prevent a valid audit of the county's 2020 election results. Now the local media outlet ABC15 is assisting them by claiming it is against state law for the county to provide ballots to auditors to review.

It was reported yesterday that the Arizona Senate has requested an audit of the Maricopa County 2020 election results and will select the auditor themselves. You can't blame them. The Maricopa County Board of Supervisors (MCBOS), who oversee the election process in the county, is doing all they can to prevent a valid audit from being performed in the county.

Comment:

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Attention

The Year Ahead - Geopolitics

James Corbett
Corbett Report
Sun, 31 Jan 2021 14:21 UTC
Year Ahead
© Corbett Report

I don't need to tell you that we are living through world-historical times right now. The frequency of world-changing events is accelerating even as the impact of these events on our day-to-day lives is increasing.

As Lenin rightly observed: "There are decades where nothing happens; and there are weeks where decades happen." Perhaps there are years in which centuries happen.

With that in mind, I am taking my annual look at the year ahead and splitting it into three parts.

The first week I looked at the tectonic shifts that are taking place in the global monetary space and considered what these changes portend for the future of the world economy.

Last week I examined the ongoing (generated) COVID crisis and what we can expect as the Era of Biosecurity continues to unfold.

This week I will turn my attention to world geopolitics, analyzing the types of conflicts that we can expect to see over the course of this year and explaining how these conflicts will set the stage for even more dramatic events over the course of the decade.
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Syringe

'Prepare to Deploy Order': FEMA asks Pentagon to ready as many as 10,000 troops to support nationwide vaccine push

Nicole Sganga &David Martin
CBS News
Sat, 30 Jan 2021 13:48 UTC
vaccine
© ozarksfirst.com
Delivering the dose
The Federal Emergency Management Agency (FEMA) has asked the Pentagon to ready as many as 10,000 troops to support 100 COVID-19 vaccination sites nationwide, with the goal of administering 450,000 vaccinations a day.

The federal government envisions 50 "mega" vaccination sites capable of administering 6,000 shots per day, in addition to 50 "large" vaccination sites providing 3,000 shots per day, according to defense officials.

The first of the FEMA-powered vaccination sites are expected to be operating by mid-February, a senior White House official told CBS News, and will scale up as vaccine production intensifies in the coming months.
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Cult

AIPAC demands NBC retract report on NSC aide who's a big donor to lobby group - and NBC complies!

Philip Weiss
Mondoweiss
Fri, 29 Jan 2021 00:00 UTC
Anne Neuberger
© Screenshot from Youtube.
Anne Neuberger, at a 2020 Long Now Foundation appearance.
There are times when foreign policy influence in Washington takes on a farcical level, and this story is one of them.

On Wednesday, Mother Jones and NBC News reported that a top Biden national security aide who is an expert on Russian cyber had given over half a million dollars to AIPAC in recent years through a family foundation. And the aide's husband is on the AIPAC executive council in Baltimore.

AIPAC is of course the leading Israel lobby group, which supports everything the rightwing Israeli government does, from persecuting Palestinians to threatening Iran.

Mother Jones and NBC questioned Anne Neuberger's fitness as the deputy national security adviser for cyber on the National Security Council.

Well in no time, NBC (and its very professional reporter, Ken Dilanian) came under a hail of criticism including among others AIPAC, other Jewish groups, and a senior member of the House Foreign Affairs Committee.

AIPAC wrote:
.@NBCNews must retract this offensive story. Charges of dual loyalty are anti-Semitic and insult millions of Americans — Jewish & non-Jewish — who stand by our ally Israel. We will not be deterred from exercising our rights as citizens to advocate for a strong US-Israel relationship.
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Airplane

Let's appreciate how John Kerry wants us to sacrifice for climate change while he takes his private jet back to his mansion

Joel Abbott
Not the Bee
Thu, 28 Jan 2021 00:04 UTC
john kerry jet

Private jets emit 40 times as much carbon emissions per passenger in comparison to commercial jetliners.
America might be replacing faith in God for faith in the State, but it seems the false teachers of both religions look strangely the same.

Take John Kerry, appointed by King Biden as the High Priest of Climate, as an example. Like the best prosperity preachers, he goes on stage and asks for your money, your unwavering faith, and your sacrifice...

And then takes his private jet back to his $12 million oceanside mansion:


Yep, John Kerry owns a Gulfstream jet that allows him to comfortably guzzle a year's worth of your minivan's consumption in a single cross-country trip.

Comment: Kerry's jet emitted an estimated 166 metric tons of carbon last year. The perfect amount of hypocrisy for a proper climate czar.

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Eye 1

Total injustice: Ex-FBI lawyer Kevin Clinesmith given probation after guilty plea in John Durham probe - no jail time

Brooke Singman, Jake Gibson
Fox News
Fri, 29 Jan 2021 23:56 UTC
Clinesmith
© Unknown
Attorney Kevin Clinesmith
Former FBI lawyer Kevin Clinesmith was sentenced to 12 months probation and 400 hours of community service Friday after pleading guilty to making a false statement in the first criminal case arising from Special Counsel John Durham's investigation into the origins of the Trump-Russia probe.

Clinesmith in August pleaded guilty to "one count of making a false statement within both the jurisdiction of the executive branch and judicial branch of the U.S. government, an offense that carries a maximum term of imprisonment of five years and a fine of up to $250,000."

U.S. District Judge for the District of Columbia James Boasberg on Friday during Clinesmith's sentencing hearing said Clinesmith had suffered by losing his job and standing in the eye of a media hurricane.


Comment: Poor guy. That typically happens to criminals. It is not a justification for light treatment.


Boasberg gave him 12 months probation, 400 hours of community service, and no fine.

Government prosecutors had been asking for Clinesmith to spend several months in jail, but Clinesmith's defense had been advocating for probation only.

"[He] lost his job, and his government service is what has given his life much of its meaning," Boasberg said Friday. "He was also earning $150,000 a year and who knows where the earnings go now. He may be disbarred or suspended from the practice of law, you may never be able to work in the national security field again. These are substantial penalties."

Comment: Meanwhile, this guy is probably going to prison for memes:

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