After reading this I've now reached levels of support for Hegseth over DoD that I didn't think possible.
We may be in fan boy territory, which is uncommon for me.
We may be in fan boy territory, which is uncommon for me.
The Shitshow Macro Weekly Wrapup for Friday, December 6, 2024 is out:
Domestic:
-A Chinese national living illegally in California has been arrested and charged with conspiring to procure restricted weapons and military-grade technology for North Korea.
sofx.com/california-man…
-The same DOJ that recently said use of encrypted messaging apps was “proof” of illegal activity is now urging Americans to use encrypted messaging apps after China hacked their domestic spying panopticon using the Salt Typhoon:
sofx.com/us-officials-u…
-The CEO of the world’s largest health insurer (UHC) got merc’d in downtown NYC on his way to an investor’s meeting this week, and the entire internet became weapons & assassin experts.
--Pro-tip: No you’re not. Neither are the randos you’re following on social media.
-The former Marine-turned Good Samaritan in NYC (Daniel Penny) jury has been in deliberation for several days, but there were some significant audibles today.
--To begin with, in this trial it’s already come out that Neely was still alive when NYPD took possession of him.
--Video of the prosecutor admitting to downgrading charges against previous actual murders due to immutable characteristics (skin color) have been made public.
--There are 2 charges against Penny: Count 1 is manslaughter, Count 2 is negligent homicide.
--After several days of deliberation and a “hung jury” on Count 1, the prosecutor moved to drop Count 1 and move forward with Count 2 - which seems to defy the jury instructions.
--They plan to be back in court on Monday, so we’ll see what happens.
theepochtimes.com/us/judge-dismi…
-Following close on the heels of the Marc Andreesen interview with Joe Rogan re: Liz Warren and debanking tech founders, the House Judiciary dropped a report today on the Biden-Harris admin weaponizing the USGOV to snoop on Americans’ bank records without warrants.
--According to their report, there were over 3mm warrantless searches conducted by 14,000 USGOV employees on Americans’ bank accounts.
judiciary.house.gov/sites/evo-subs…
-Joe pardoned his son Hunter last week, despite saying for quite some time that he wouldn’t.
--While that could be seen through a lens of empathy by any father (even those of us who don't raise crackhead & international crime spree sons), the latest potential move being floated to the media cannot.
--The scuttlebutt this week is laying out potential “considerations” of blanket preemptive pardons for anyone Joe (more likely his handlers) deem the Trump admin may actually hold accountable for their crimes.
--This could be simply a trial balloon to test how palatable it would be with the public. If they were to do this, it may not hold up in legal tests to pardon someone for a crime that hasn’t even been tried or sentenced in any court yet.
-For my Texas friends, family, and future neighbors, Dade Phelan, who led the impeachment activities against AG Ken Paxton, has been removed from his position as Texas House Speaker.
-Peter Navarro, one of only 2 people who I know of that accurately predicted our current economic situation if Biden-Harris took office, has been named as Trump’s Senior Counselor for Trade and Manufacturing.
--Steve Cortes was the other.
War/Military:
-An IAF airstrike in Khan Younis (a declared “humanitarian zone”) killed Hamas commanders and others.
--The IDF claims the targets of these strikes were committing terrorist actions within the zone. Secondary explosions after the strike seem to back those claims up.
sofx.com/israeli-airstr…
---Rebels in Syria have captured the city of Hama, seen by many strategists as a “road to Damascus” and a critical logistics line for the Syrian government.
RUS Wagner Mercs landed this week to begin aiding the GOV forces, and several leaders of the nations who are engaged in this conflict - some publicly and some not (RUS, Iran, Turkey, Syria) are allegedly meeting today (Friday).
Domestic:
-A Chinese national living illegally in California has been arrested and charged with conspiring to procure restricted weapons and military-grade technology for North Korea.
sofx.com/california-man…
-The same DOJ that recently said use of encrypted messaging apps was “proof” of illegal activity is now urging Americans to use encrypted messaging apps after China hacked their domestic spying panopticon using the Salt Typhoon:
sofx.com/us-officials-u…
-The CEO of the world’s largest health insurer (UHC) got merc’d in downtown NYC on his way to an investor’s meeting this week, and the entire internet became weapons & assassin experts.
--Pro-tip: No you’re not. Neither are the randos you’re following on social media.
-The former Marine-turned Good Samaritan in NYC (Daniel Penny) jury has been in deliberation for several days, but there were some significant audibles today.
--To begin with, in this trial it’s already come out that Neely was still alive when NYPD took possession of him.
--Video of the prosecutor admitting to downgrading charges against previous actual murders due to immutable characteristics (skin color) have been made public.
--There are 2 charges against Penny: Count 1 is manslaughter, Count 2 is negligent homicide.
--After several days of deliberation and a “hung jury” on Count 1, the prosecutor moved to drop Count 1 and move forward with Count 2 - which seems to defy the jury instructions.
--They plan to be back in court on Monday, so we’ll see what happens.
theepochtimes.com/us/judge-dismi…
-Following close on the heels of the Marc Andreesen interview with Joe Rogan re: Liz Warren and debanking tech founders, the House Judiciary dropped a report today on the Biden-Harris admin weaponizing the USGOV to snoop on Americans’ bank records without warrants.
--According to their report, there were over 3mm warrantless searches conducted by 14,000 USGOV employees on Americans’ bank accounts.
judiciary.house.gov/sites/evo-subs…
-Joe pardoned his son Hunter last week, despite saying for quite some time that he wouldn’t.
--While that could be seen through a lens of empathy by any father (even those of us who don't raise crackhead & international crime spree sons), the latest potential move being floated to the media cannot.
--The scuttlebutt this week is laying out potential “considerations” of blanket preemptive pardons for anyone Joe (more likely his handlers) deem the Trump admin may actually hold accountable for their crimes.
--This could be simply a trial balloon to test how palatable it would be with the public. If they were to do this, it may not hold up in legal tests to pardon someone for a crime that hasn’t even been tried or sentenced in any court yet.
-For my Texas friends, family, and future neighbors, Dade Phelan, who led the impeachment activities against AG Ken Paxton, has been removed from his position as Texas House Speaker.
-Peter Navarro, one of only 2 people who I know of that accurately predicted our current economic situation if Biden-Harris took office, has been named as Trump’s Senior Counselor for Trade and Manufacturing.
--Steve Cortes was the other.
War/Military:
-An IAF airstrike in Khan Younis (a declared “humanitarian zone”) killed Hamas commanders and others.
--The IDF claims the targets of these strikes were committing terrorist actions within the zone. Secondary explosions after the strike seem to back those claims up.
sofx.com/israeli-airstr…
---Rebels in Syria have captured the city of Hama, seen by many strategists as a “road to Damascus” and a critical logistics line for the Syrian government.
RUS Wagner Mercs landed this week to begin aiding the GOV forces, and several leaders of the nations who are engaged in this conflict - some publicly and some not (RUS, Iran, Turkey, Syria) are allegedly meeting today (Friday).
SOFX
California Man Charged with Conspiring to Supply Weapons and Technology to North Korea
A Chinese national living illegally in California has been arrested and charged with conspiring to procure restricted weapons and military-grade
--To that point, Turkey still publicly disavows any claims they have a hand in what’s going on in Syria.
--Here’s an article about the loss of Hama:
sofx.com/hama-captured-…
--And a deep-dive into the current state-of-play in Syria from today’s @TheDuranReal :
rumble.com/v5wo0yk-lavrov…
-An interesting theory (fully theoretical) by Alex of The Duran regarding the South Korean martial law episode this week. As it falls in line with something that we’ll cover in geopolitics today and includes the MIL, it’s worth mentioning.
--+80% of the S. Korean populace does not want their nation sending weapons to UKR.
--They did a sleight of hand previously, saying they would ship arms to the US to replace US weapons sent, only to be discovered that they in fact sent them directly to UKR.
--S. Korea does have a significant weapons manufacturing capability, meaning those Western nations who are “all-in” on Project UKR (no matter how their constituents feel) would probably want to lean on S. Korea hard to get in the game.
--The president had a significant popularity issue, and declaring martial law while shutting down the media could provide him as a final middle finger “I’m gonna do what I want” to the people before being ousted from office.
--Probably with a significant sinecure or kickback awaiting him, if that's an accurate theory.
-Putin has stated that he will be sending some of the new Oresnik missiles (the hypersonics that were used to turn a Kiev weapons manufacturing plant to dust recently) to Belarus.
-Speaking of RUS, their foreign minister Lavrov this week in an interview with Tucker that was released last night.
--While he does bring up a lot of past grievances, the man is very well spoken and he speaks using well-thought reasoning rather than the word salads we’re so used to.
--Take anything he says through the lens of the leader trying to give the best version of his side of the story, but he does verify quite a few things that have been said in other places about the underhanded way in which Western foreign policy has often been run.
x.com/TuckerCarlson/…
Markets/economics:
-At market close for the week, the S&P 500, NASDAQ, and Russell 2000 were up while the Dow 30 and oil were down.
--The financial press is putting out headlines today saying the market did great due to “help from a strong jobs report.”
--The actual jobs report: FT jobs -111k, PT jobs -268k
--Chart from @zerohedge in the show notes
-BTC crossed the important $100k value this week but had some significant seesaw action.
--At current (Friday evening) the price point is at $99,990.60
-The USDJPY currency pair is still in the danger zone at $149.98
-The European markets faired far better this week than they should, given what’s going on and what we’ll cover below.
--Aside from the Heng Seng, Asian markets had a red day on Friday.
-The Ice BofAML MOVE Index (bond market volatility) dropped significantly this week, now down to $83.20.
-The Biden-Harris tenure has added one more “certainty” to the list:
--Death, Taxes, and Downward BLS Revisions
--The latest is the biggest since May 2023, dropping October payrolls from 233k to 184k
--Chart from Zero Hedge in the show notes.
Business:
-Tens of thousands of German VW employees have halted production as a strike and protest against the pay cuts for those who keep their jobs.
--Their union is warning of a fierce strike, but Germany’s Green party has seriously damaged the entire auto industry in their country (of which VW makes up 19%).
armstrongeconomics.com/world-news/cli…
-A US appellate court has upheld the ban on social media platform TikTok, which will force its sale.
finance.yahoo.com/news/us-appeal…
Health:
-Health freedom fighter @AaronSiriSG and his group just secured another massive court win. This one requires the FDA to turn over another 1 million Coof shot trial documents that they tried to hide from the public.
x.com/AaronSiriSG/st…
--Here’s an article about the loss of Hama:
sofx.com/hama-captured-…
--And a deep-dive into the current state-of-play in Syria from today’s @TheDuranReal :
rumble.com/v5wo0yk-lavrov…
-An interesting theory (fully theoretical) by Alex of The Duran regarding the South Korean martial law episode this week. As it falls in line with something that we’ll cover in geopolitics today and includes the MIL, it’s worth mentioning.
--+80% of the S. Korean populace does not want their nation sending weapons to UKR.
--They did a sleight of hand previously, saying they would ship arms to the US to replace US weapons sent, only to be discovered that they in fact sent them directly to UKR.
--S. Korea does have a significant weapons manufacturing capability, meaning those Western nations who are “all-in” on Project UKR (no matter how their constituents feel) would probably want to lean on S. Korea hard to get in the game.
--The president had a significant popularity issue, and declaring martial law while shutting down the media could provide him as a final middle finger “I’m gonna do what I want” to the people before being ousted from office.
--Probably with a significant sinecure or kickback awaiting him, if that's an accurate theory.
-Putin has stated that he will be sending some of the new Oresnik missiles (the hypersonics that were used to turn a Kiev weapons manufacturing plant to dust recently) to Belarus.
-Speaking of RUS, their foreign minister Lavrov this week in an interview with Tucker that was released last night.
--While he does bring up a lot of past grievances, the man is very well spoken and he speaks using well-thought reasoning rather than the word salads we’re so used to.
--Take anything he says through the lens of the leader trying to give the best version of his side of the story, but he does verify quite a few things that have been said in other places about the underhanded way in which Western foreign policy has often been run.
x.com/TuckerCarlson/…
Markets/economics:
-At market close for the week, the S&P 500, NASDAQ, and Russell 2000 were up while the Dow 30 and oil were down.
--The financial press is putting out headlines today saying the market did great due to “help from a strong jobs report.”
--The actual jobs report: FT jobs -111k, PT jobs -268k
--Chart from @zerohedge in the show notes
-BTC crossed the important $100k value this week but had some significant seesaw action.
--At current (Friday evening) the price point is at $99,990.60
-The USDJPY currency pair is still in the danger zone at $149.98
-The European markets faired far better this week than they should, given what’s going on and what we’ll cover below.
--Aside from the Heng Seng, Asian markets had a red day on Friday.
-The Ice BofAML MOVE Index (bond market volatility) dropped significantly this week, now down to $83.20.
-The Biden-Harris tenure has added one more “certainty” to the list:
--Death, Taxes, and Downward BLS Revisions
--The latest is the biggest since May 2023, dropping October payrolls from 233k to 184k
--Chart from Zero Hedge in the show notes.
Business:
-Tens of thousands of German VW employees have halted production as a strike and protest against the pay cuts for those who keep their jobs.
--Their union is warning of a fierce strike, but Germany’s Green party has seriously damaged the entire auto industry in their country (of which VW makes up 19%).
armstrongeconomics.com/world-news/cli…
-A US appellate court has upheld the ban on social media platform TikTok, which will force its sale.
finance.yahoo.com/news/us-appeal…
Health:
-Health freedom fighter @AaronSiriSG and his group just secured another massive court win. This one requires the FDA to turn over another 1 million Coof shot trial documents that they tried to hide from the public.
x.com/AaronSiriSG/st…
SOFX
Hama Captured by Syrian Rebels as Fighting Advances Toward Homs
Syrian rebel forces, led by Hay’at Tahrir al-Sham (HTS), recently captured the strategic city of Hama, in a significant blow