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After Legalizing Cannabis, Arizona Begins Dismissing Weed Charges Immediately

By Matt Agorist Across the country last week, Americans made their voices heard in regard to the war on drugs. A record five states legalized cannabis in some form. Montana voted to legalize cannabis for those 21 and up, New Jersey, South Dakota, and Arizona also approved recreational use and Mississippi approved medicinal use. Legal…

Chicago Issues 30-Day Stay-At-Home Advisory, Cancels Thanksgiving: Live Updates

Summary: Chicago issues stay at home order French ICU occupancy up to 96.6% Detroit returns to remote learning CDC releases guidance reminding users that masks also help protect wearers Austria sees new daily record in cases UK outbreak may finally be starting to slow Global cases see new record Global deaths top 12k for first…

Over 20 Million Americans Remain On Jobless Benefits

By Tyler Durden 709,000 Americans filed for first-time unemployment benefits last week, better than the expected 731k and and a big drop from the prior week’s revised 757k print. Source: Bloomberg Washington state and California saw the biggest jumps in jobless claims. Georgia and Texas saw the biggest improvements. The good news for the headline-creators…

Record Big 30Y Auction Tails Despite Rebound In Foreign Demand

A record refunding week just concluded when the Treasury sold $27 billion in 30Y bonds – which as with this week’s 3Y and 10Y auctions, was the largest amount of 30Y paper ever sold by the US Treasury at one time. The auction stopped at 1.680%, tailing the When Issued by 0.6bps, and the highest…

Amazon Recalls Ring Video Doorbells Because They Are Catching Fire, Burning Customers and Causing Damage

By B.N. Frank Complaints about Ring doorbells include security vulnerabilities which led to families being spied on and taunted by hackers and now fires. From CBS News: Ring recalls 350,000 video doorbells because they can catch fire Amazon-owned Ring is recalling 350,000 video doorbells sold in the U.S. and Canada because they can catch fire….

Blain: It Ain’t Over Til It’s Over…

Authored by Bill Blain via MorningPorridge.com, “Life is a shipwreck, but we must not forget to sing in the lifeboats.” Whatever markets thought on Monday after Pfizer announced salvation from Coronavirus.… we are not saved… yet! The brutal reality is we’re still locked on our lifeboat, in the middle of shark (virus) infested seas, and…

DC to Give Children Vaccine Consent Behind Their Parents’ Backs – New World Next Week

November 12, 2020 By The Corbett Report Welcome back to New World Next Week — the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: Story #1: New DC Law Would Give Vaccine Decisions to 11-year-Olds, Cut Parents Out Story #2:…

Here Are Goldman’s Top Trades For 2021

Following that disaster that was Goldman’s Top trades for 2016, when the bank promptly closed out virtually all of its best ideas at a loss within weeks of publication, there is little point to discuss the signal-to-noise ratio of the annual spectacle that is Goldman’s top strategists sitting down and deciding what trades to lure…

As Bitcoin Tops $16k, Dalio Warns Nations Will ‘Outlaw’ Crypto If Prices Keep Rising

The ongoing institutional flow into crypto has pushed Bitcoin back above $16,000 this morning. Source: Bloomberg That is the highest since Jan 2018… Source: Bloomberg But this bullish surge could have consequences as Ray Dalio, the billionaire hedge fund legend, warns that Bitcoin’s price going higher will only force governments to take action. image courtesy…

Record-Breaking Hurricane Season Results In Biggest Offshore Oil Output Decline In Decade 

On Thursday morning, Tropical Storm Eta made landfall over North Florida and has become the 12th named storm to make landfall out of a record-breaking year of 29 named storms. Eta Making Landfall Over North Florida  An unprecedented amount of tropical systems have swirled around the Atlantic Basin this year, breaking the 2005 record of…

Futures Rollercoaster As Virus Resurgence Spooks Traders

In a rollercoaster overnight session, futures dropped as much as 1% in early trading, before paring all losses only to slide once again while Nasdaq 100 contracts swung between modest losses and gains. At last check, the Emini was down 0.4% to 3,555 as coronavirus infections surged and investors weighed the timeline of the roll-out…

Biden COVID Advisor Supports Distributing Vaccine Globally Before It’s Available To All Americans

Authored by Annaliese Levy via SaraACarter.com, Dr. Zeke Emanuel, Joe Biden’s coronavirus advisor, wants the U.S. to distribute a COVID-19 vaccination globally before it’s available to all Americans. Emanuel co-authored a paper in September where he supports following the “Fair Priority Model,” rather than what he and his co-authors called “vaccine nationalism.” The Fair Priority Model focuses on three principles:…

Russia Set To Establish Naval Logistics Base In Sudan

Russia’s Prime Minister Mikhail Mishustin approved a draft agreement on establishing a naval logistics base in Sudan and gave instructions to submit a proposal to the president on signing the document, according to the information posted on the government’s legal information web portal on Wednesday Russia’s TASS news agency reported. The agreement between Russia and…

European Union Moves To Outlaw Encrypted Apps

Authored by Eric Striker, The European Union is moving to ban end-to-end encrypted communication.  An EU council of ministers resolution spearheaded by French Prime Minister Emmanuel Macron and Austrian Chancellor Sebastian Kurz of the conservative Austrian People’s Party would mandate that apps such as Telegram, Signal, and WhatsApp provide European intelligence services with backdoor access in order to allow…

Iran’s Mega South Pars Gas Field Nears Completion

Submitted by Simon Watkins of OilPrice.com The net present value of Iran’s supergiant South Pars natural gas field has jumped from an estimated US$116 billion at this point last year to US$135 billion now, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry exclusively told OilPrice.com last week. The key…

5 Dead After Turkish Fishing Boat Collides With Greek Tanker Off Turkey’s Coast

At least four people were killed with one still missing and presumed dead after a Greek tanker collided with a smaller Turkish fishing boat in the Mediterranean close to Turkey’s coast on Wednesday. Turkey’s coast guard said it happened at dawn some 15 nautical miles off the Turkish coastal town of Karatas. Regional media is describing that…

Do Lockdowns Prevent COVID Deaths?

Authored by Raul Ilargi Meijer via The Automatic Earth blog, We would by now have expected the narrative surrounding COVID19 to be simpler to understand, but it’s not. We may understand much more about the disease and everything that has to do with it, but we’re finding there is so much that has been left…

“Catastrophic Collisions” – NASA Warns About New 5G Satellite Constellation

Several private companies are planning to launch large, low-Earth-orbit (LEO) satellite constellations. NASA, who generally doesn’t comment on these types of developments, recently published a stark warning for AST & Science, which intends to launch a massive constellation of hundreds of large 5G satellites.  NASA engineer Samantha Fonder expressed concern about AST’s 5G mega constellation…

US Color Revolution: The Not So Phantom Menace

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, “There is no civility, there is only politics… The Bureaucrats are in charge now…” – Senator Palpatine The Black Revolution in the U.S. is proceeding according to script. We are into the 3rd act of it. Act I was the Coronapocalypse setting the stage for…

“A Vaccine For The Rich” – Pfizer’s COVID-19 Jab Almost Impossible To Distribute In Poorer Countries

A logistical “roadmap” from Shanghai Fosun Pharmaceutical has been released showing the staggering logistical feats required to transport and store the Pfizer-BioNTech vaccine, which has just been christened by Bloomberg as “the vaccine of the rich”. Offering some more insight into details that have been the subject of much speculation on Wall Street, Bloomberg reported…