Too Late... House Passes Amendment To Defund Wuhan Lab Middleman Outfit EcoHealth Alliance

Too Late... House Passes Amendment To Defund Wuhan Lab Middleman Outfit EcoHealth Alliance Authored by Steve Watson via Summit News, The House passed an amendment to the National Defense Authorization Act Thursday that will seeing all funding blocked to EcoHealth Alliance, the outfit that fuelled US money to the Wuhan Institute of Virology for gain of function experiments that some scientists believe led to the COVID pandemic. Republican Pennsylvania Rep. Guy Reschenthaler introduced the amendment, noting “It is deeply disturbing that EcoHealth Alliance funneled American taxpayer dollars to support dangerous and potentially deadly research at the WIV, a laboratory run by the Chinese Communist Party (CCP) and tied to military biological research and the probable origin of the COVID-19 pandemic.” Reschenthaler added “I am proud to lead this effort to end the flow of defense funding to EcoHealth Alliance, and I thank my colleagues for including my amendment in the defense authorization bill and ensuring Americans’ hard-earned money never again funds risky experiments in labs operated by our adversaries.” As was reported earlier this week, EcoHealth Alliance under head Peter Daszak attempted to secure millions more in funding from the Pentagon’s scientific arm DARPA to genetically alter viruses, including bat coronaviruses, to make them more infectious to humans, and then to spray nanoparticles containing skin penetrating SARSr CoV spike proteins into the air, just eighteen months prior to the subsequent COVID outbreak and pandemic. DARPA rejected the plan as being too dangerous to the human population, but the work may have gone ahead anyway. * The proposal calls for aerosol delivery of recombinant SARSr CoV spike proteins in nanoparticles or in orthopoxviral vectors. Not aerosol delivery of SARSr CoVs. — Richard H. Ebright (@R_H_Ebright) September 22, 2021 *  *  * Brand new merch now available! Get it at https://www.pjwshop.com/ In the age of mass Silicon Valley censorship It is crucial that we stay in touch. We need you to sign up for our free newsletter here. Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, we urgently need your financial support here. Tyler Durden Fri, 09/24/2021 - 12:30
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Fed Ignores Out of Control Inflation and Markets Go Straight Up! Economic Slowdown Forgotten

from The Money GPS: TRUTH LIVES on at https://sgtreport.tv/
http://dlvr.it/S8Dhgp

Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counteparty Limit

Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counteparty Limit Early this morning, one day after the Fed doubled the counterparty limit for reverse repo usage from $80 billion to $160 billion, Wrightson ICAP predicted that usage on the Fed's overnight Reverse Repo facility would surge. According to the interdealer broker, GSEs have been the only RRP countrparties constrained by the previous $80 billion limit, adding that the the low level of overnight GC repo rates which have frequently dipped below IOER in recent days (orange line below), reflects the fact that “some of the float associated with this month’s UMBS principal and interest payments had to be invested in the repo market As ICAP economist Lou Crandall wrote, “much, perhaps, all of that cash is likely to be moved to the Fed today,” adding that he was looking for volume to rise to the $1.325 trillion to $1.35 trillion range. In retrospect, he was on the low side, because at 1:15pm ET the Fed revealed that courtesy of the counterparty ceiling cap doubling, the total usage on the Fed facility soared by $69.2 billion to a new record high of $1.352 trillion, the highest on record. However, while today's spike is unlikely to see a substantial decline especially since the Fed will continue injecting inert liquidity via QE until at least such time as the taper ends some time in 2022 (assuming it ends), Crandall also noted that today's surge will be short-lived as GSE cash will have to be moved to its non-interest-bearing deposits on Friday in order to be available to meet UMBS payment obligations Monday morning. In terms of future fund flow dynamics, there are several cross-currents: the monthly influx of cash from GSEs adds to the glut related to the Fed’s ongoing asset purchases and Treasury’s drawdown of its cash balance. At the same time, the Treasury continues paying down its bill supply as it attempts to stay under the debt ceiling. And with the TGA account nearly depleted as a result of the debt ceiling fiasco and likely to be replenished dramatically in Q4 once the debt ceiling drama is over, the reverse repo usage will drop sharply in Q4 as the Treasury floods the market with a record amount of bills as it seeks to replenish its cash supply, as counterparties convert reserves to Bills. Tyler Durden Thu, 09/23/2021 - 14:05
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Twitter Says Users Can Now "Tip" Others With Bitcoin

Twitter Says Users Can Now "Tip" Others With Bitcoin Bitcoin has climbed to its highest levels of the day... ...amid reports that Twitter - led by the outspoken crypto advocate Jack Dorsey - has enabled users around the world to "tip" their favorite accounts with bitcoin (though the functionality will only be available for iOS users at first). BREAKING: Twitter is launching Bitcoin Lightning Network tipping functionality on iOS. — Pomp 🌪 (@APompliano) September 23, 2021 Twitter announced on Thursday that its "tips" feature will roll out globally to all Apple iOS users this week, and will become available for Android users in coming weeks. According to CNBC, users previously could tip with fiat currency using traditional payment services like Square’s Cash app (Square is also led by Dorsey) and PayPal's Venmo. Twitter is integrating the Strike bitcoin lighting wallet service so creators can receive bitcoin tips, while users will be allowed to add their bitcoin address to their accounts in order to send and receive these cryptocurrency tips. Twitter says it won't take a cut of the "tips". Notably, Twitter's shares also climbed on the news, and were recently up 3% on the day. Additionally, Twitter said Thursday that it is also experimenting with a feature that would allow users to "authenticate and showcase" their NFT collections on the social network, though it didn't provide much detail or any specifics about the project. Dorsey is one of the Valley's biggest bitcoin boosters. He once said he felt bitcoin would help bring about "world peace". And while the tip feature probably won't achieve such lofty aims, it will help struggling "creators" to raise money while creating an actual payments use case for bitcoin. News organizations will no doubt be keeping a close eye on Dorsey's experiment with tips, as micro payments have been bandied about as a potential savior for the collapsing digital media industry. Tyler Durden Thu, 09/23/2021 - 13:34
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Hunter Biden Tried To Charge Libya $2 Million To Recover Billions Frozen By Obama Administration: New Emails

Hunter Biden Tried To Charge Libya $2 Million To Recover Billions Frozen By Obama Administration: New Emails Four years after Hillary Clinton famously said of executed Libyan leader Mummar Qaddafi "We came, we saw, he died," Hunter Biden, son of then-Vice President Joe Biden, offered to recover roughly $15 billion in assets which had been frozen by the Obama administration - for the tidy sum of $2 million dollars per year. Two previously unpublished emails offer a window into Beltway influence peddling — and how a potential client viewed Hunter Biden as an "alcoholic" and "drug addict." Teresa Kroeger/Getty Images for World Food Program USA; Samantha Lee/Insider In emails obtained by Business Insider that are not related to the laptop fiasco, the $2 million would have been for a "retainer" plus "success fees." Via Business Insider: The first email, dated January 28, 2015, was sent from Sam Jauhari, a Democratic donor with businesses in the Persian Gulf, who was helping spearhead the Libya project. It was addressed to Sheikh Mohammed al-Rahbani, another Obama campaign donor involved in the proposal. In the email, Jauhari is frank about what Biden would bring to the table, and what he says Biden wanted in return: "Per phone conversation I met with #2 son. He wants $2 per year retainer +++ success fees. He wants to hire his own people - it can be close circle of people for confidentiality. His dad is deciding to run or not. His positives are he is Chairman of UN World Food Program, son of #2 who has Libya file, access to State, Treasury, business partner SofS [Secretary of State] J. [John] Forbes K [Kerry] son and since he travels with dad he is connected everywhere in Europe and Asia where M. Q. [Muammar Qaddafi] and LIA [Libya Investment Authority] had money frozen. He said he has access to highest level in PRC [China], he can help there. His negatives are that he is alcoholic, drug addict - kicked [out] of U.S. Army for cocaine, chasing low class hookers, constantly needs money-liquidity problems and many more headaches. We should meet in Gstraad or London to decide next steps." Jauhari was incorrect that Biden was discharged from the Army - it was the Navy, and it was technically never confirmed that his positive test for cocaine was what led to the discharge. Unpacking the email, BI's Mattahias Schwartz notes: "the tally of his "positives" reflects a keen sense of what he could offer the project. Biden's position at the United Nations meant he enjoyed face-to-face access to heads of state. In his memoir, Biden recalls a sit-down with King Abdullah II of Jordan. "The only reason the king had agreed to meet," he wrote, "was out of respect for my dad. I guess you could chalk it up to nepotism, in the best possible way."" What's more, Biden told Jauhari that he has "access to the highest level" in the Chinese government - which has been a headache to Libya's new government which was attempting to recover the $15 billion frozen by Obama during the Qaddafi regime. Business Insider confirmed with two people close to the negotiations that the "$2 per year retainer" meant $2 million. "My recollection was that anything that had to do with Hunter started at $2 million," said the source. According to other documents obtained by BI, "Jauhari and his partners expected to pocket as much as 5% of the recovered assets" - meaning a potential payday of hundreds of millions. Talks with Hunter continued into 2016 - with a Feb 26, 2016 email between Jauhari and al-Rahbani which confirms that they were working on the deal. The second email, dated February 26, 2016, indicates that the talks with Biden continued into the following year. In it, Jauhari and al-Rahbani receive a report by John Sandweg, a Washington lawyer who had served as acting director of Immigration and Customs Enforcement under Obama. Sandweg had reached out to Biden's team about the Libya deal: "I spoke with HB's team yesterday. They are interested in the project, but emphasized that for them to get involved, the team (lobbyists, lawyers and PR) would need to be a small group of folks they have a tight relationship with. They do not want a large group involved and they only want people with whom they have a close relationship with due to the sensitivities surrounding their involvement." Sandweg, who at the time was working at a law firm called Frontier Solutions, confirmed that he was in touch with one of Biden's associates about the project. "They indicated they would consider it and I passed the message back," he told Insider. "Jauhari wound up hiring a different law firm instead." Nothing to see here folks. Totally legit!!! https://t.co/GHMWO9BZMn — Donald Trump Jr. (@DonaldJTrumpJr) September 23, 2021 Schwartz offers a few caveats:  Caveats: Deal didn't wind up happening. Emails aren't from the famous laptop -- I obtained them through another source during the course of reporting on something else. Also, here are some sirens 🚨🚨🚨 — Mattathias Schwartz (@Schwartzesque) September 23, 2021 In other Hunter news, Several emails from Hunter Biden's laptop have been confirmed as legitimate, according to Politico, citing claims in a new book, along with emails released by a Swedish government agency. Ben Schreckinger’s “The Bidens: Inside the First Family’s Fifty-Year Rise to Power,” out today, finds evidence that some of the purported HUNTER BIDEN laptop material is genuine, including two emails at the center of last October’s controversy. A person who had independent access to Hunter Biden’s emails confirmed he did receive a 2015 email from a Ukrainian businessman thanking him for the chance to meet Joe Biden. The same goes for a 2017 email in which a proposed equity breakdown of a venture with Chinese energy executives includes the line, “10 held by H for the big guy?” (This person recalled seeing both emails, but was not in a position to compare the leaked emails word-for-word to the originals.) MORE: Emails released by a Swedish government agency also match emails in the leaked cache, and two people who corresponded with Hunter Biden confirmed emails from the cache were genuine. -Politico Recall that news of Hunter Biden's laptop was broken by the New York Post shortly before the 2020 election - resulting in a multi-week Twitter ban on the outlet, and a baseless claim spread throughout the MSM and by notable Democrats including Rep. Adam Schiff (D-CA) and Sen. Chris Murphy (D-CT) that it was Russian disinformation. Is it just us, or are the Bidens everything the left accused the Trumps of? Tyler Durden Thu, 09/23/2021 - 12:50
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Michigan Gov. Whitmer Bans Masks/Vaxx Mandates As Polls Crash, Re-Election Fight Looks Grim

Michigan Gov. Whitmer Bans Masks/Vaxx Mandates As Polls Crash, Re-Election Fight Looks Grim Authored by Thomas Lifson via AmericanThinker.com, Gretchen Whitmer, the governor of Michigan, early on distinguished herself as a pandemic hypocrite, demanding severe lockdowns of her citizens subjects while exempting her family and herself.  Her husband was caught boating when she had forbidden ordinary Michiganders to do the same, and she was caught traveling to Florida, violating her own proclamations. Resentment has grown, and not even an FBI informant–led bogus kidnapping plot has been enough to keep her polls strong as she faces re-election in November 2022.  Mary Chastain of Legal Insurrection spotted Whitmer signing legislation that specifically banned the state from enforcing mask mandates and vaccine passports: Whitmer and the Michigan state legislature agreed on a budget. This is no ordinary budget because it bans mask mandates and vaccine passports: Democratic Michigan Gov. Gretchen Whitmer and the state legislature have agreed on a budget proposal that includes language banning health officials from enforcing mask mandates in schools and preventing state public agencies from enforcing vaccines on employees or customers. "The director or local health officer shall not issue or enforce any orders or other directives that require an individual in this state who is under the age of 18 to wear a face mask or face covering," the 1,000-page budget states in one section. Chastain notes that school districts are still free to enforce mask mandates. The reason for Whitmer's reversal is not hard to figure out.  Her polls stink. The Hill reports on a Trafalgar Group poll that shows her six points behind former Detroit police chief James Craig (who notably kept the peace there as Minneapolis and other cities were burning): Top ArticlesREAD MORERepeal the 17th Amendment Michigan Gov. Gretchen Whitmer (D) trails former Detroit Police Chief James Craig by 6 points in a hypothetical general election match-up, according to a poll released this week.  The survey from the GOP-leaning Trafalgar Group shows Craig, a Republican, leading Whitmer 50.4 percent to 44.4 percent among likely general election voters. Another 5.2 percent of respondents remain undecided.  Craig, who retired as Detroit police chief in June after nearly eight years on the job, announced his campaign for governor earlier this month at the urging of top Michigan Republicans.  Trafalgar may be right-leaning, but other polls also indicate trouble.  The Detroit News: Gov. Gretchen Whitmer's job approval has fallen to a point where Michigan voters are nearly split about how she is doing, according to a new poll released Monday, marking a large decline from prior surveys. The decrease has occurred as the Aug. 31-Sept. 3 survey by the Glengariff Group found that a majority of 600 registered voters said the state is on the wrong track and that they disapprove by a wide margin of the job that President Joe Biden is doing.  About 48% of voters approve of the Democratic governor's performance and 46% disapprove, according to the poll commissioned by the Detroit Regional Chamber, whose political action committee in 2018 endorsed Whitmer over Republican Bill Schuette for governor. The latest numbers are a marked shift from September 2020, when 59% of voters approved of Whitmer's performance and 38% disapproved (snip) Much of Whitmer's approval decline has occurred among independent voters, 39% of whom approved of her performance and 51% of whom disapproved, according to the poll, which has a margin of error of plus or minus four percentage points. "Michigan elections are decided by independent voters and how she does with these independent voters moving forward will really dictate" her performance in the 2022  election, said Richard Czuba, a pollster with the Lansing-based Glengariff Group.  It looks as though, worldwide, resentment and rebellion against lockdowns and other severe restrictions are on the rise.  The fact that so many politicians exempt themselves and their families from the masking and other restrictions they place on those they regard as inferiors isn't helping. Tyler Durden Thu, 09/23/2021 - 12:30
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Peter Schiff Slams "The Fed That Cried Taper"

Peter Schiff Slams "The Fed That Cried Taper" Via SchiffGold.com, The Federal Reserve wrapped up its September FOMC meeting Wednesday and once again left its extraordinary loose “emergency” monetary policy in place. Quantitative easing continues unabated. Interest rates remain at zero. But the Fed did signal it may begin to taper quantitative easing “soon.” In his podcast, Peter Schiff broke down the FOMC statement and Fed Chair Jerome Powell’s post-meeting press conference. He said he thinks when it comes to tightening monetary policy, the Fed is bluffing. This was a highly-anticipated Fed meeting. Peter wondered why, because after all of the speculation leading up to these FOMC meetings, the Fed always says pretty much the same thing. The economy is great. Everything is going great. The labor market is strong. Inflation is contained. Yet, we’re not raising rates. We’re not tapering our asset purchase program. Everything is great, but we’re not going to remove any of the emergency monetary policy supports that we implemented when everything was terrible. Even though everything is now great, we’re still going to continue with these policies, because even though it’s not great, it’s not perfect.” But the Fed did indicate it may begin to taper asset purchases “soon.” If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.” As far as raising interest rates — now referred to as liftoff — more members of the FOMC now think that might happen as early as next year. But Fed Chairman Jerome Powell repeatedly goes out of his way to assure everybody that liftoff is still a long way off and that the central bankers aren’t yet considering a timeline for rate hikes. Powell has repeatedly said the Fed won’t begin raising rates until the taper is complete. That means nobody can put a timeline on liftoff until we have a timeline on tapering. The FOMC downgraded its economic growth forecast to a 5.9% GDP increase this year compared with its 7% forecast in June. On the inflation front, the Fed now acknowledges that prices are rising faster than they projected. The new forecast is for core inflation to increase 3.7% this year. That compares with a 3% projection in June. Even while acknowledging surging prices, Powell continues to blame it completely on supply chain problems. These bottleneck effects have been larger and longer-lasting than anticipated. While these supply effects are prominent for now, they will abate. And as they do, inflation is expected to drop back toward our longer-run goal.” As Peter points out, the Fed never once takes any responsibility for surging inflation. In the Fed’s world, none of it is a function of monetary policy. It’s got nothing to do with too much money. It’s just not enough stuff. Of course, Powell continues to promise that if inflation does become a bigger problem, the Fed has the tools to fight it. Peter said that is a bluff. If the Fed was actually willing to use the tools, it would have already used them. The fact those tools are still buried in the shed someplace proves that they have no intention of using those tools, even if they can find them.” Once again, everybody was looking for the Fed to lay out a plan for tapering QE. And once again, the Fed just talked vaguely about slowing the pace of asset purchases. All Powell and Company said was that they may begin a gradual tapering process soon- maybe. Note all of the conditional words in the Fed statement. Tapering “may soon be warranted.” Of course, that means it may not soon be warranted. And what exactly does “soon” mean? What does “a moderation” in the pace of asset purchases mean? During the Q&A session, Powell said he thought the taper would be finished by the end of next year. But we’re almost through September and there is no taper. Powell reiterated that they haven’t made the decision to taper and there is no tapering timetable other than it will be “gradual.” Peter said if they were really close to tapering, there would have at least decided on a timetable. They would say, ‘Hey, this is how we’re going to do it, and we’re just going to implement it at some time, but they would already have decided on some type of framework.’ But according to Powell, they haven’t even had those discussions yet. They’re holding off on those discussions until they’ve already decided to taper. And they’re not even going to make that decision until sometime in the future.” The earliest projection for the taper to begin is maybe in December. If the earliest they can actually start the taper is in December – and Powell repeatedly said that the taper is going to be a very gradual process. It’s going to happen very slowly. Well, if it’s going to be finished by the middle of 2022, then you’re going to have to wrap the whole thing up in six months. Well, how is that slow? You’re going from $120 billion a month and you’re going to taper that to zero — in six months? That would not be slow. That would be pretty rapid, especially considering the pace of the last taper. So, to me, this just proves that the whole thing is a show. They’re not thinking about tapering.” Peter said the reality is that the Fed is continuing to bluff that it has everything under control. It doesn’t. In this podcast, Peter also talks about how Fed policies disproportionately hurt African Americans, Republicans and the debt ceiling, Evergrande and what gold will do when the markets realize the Fed is crying wolf. Tyler Durden Thu, 09/23/2021 - 08:53
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