February 5
S&P Oil FX Gold Silver 10Y USH
Gold is down 2.69% | 3:00
Silver is $74.70, down over 15%
S&P is down 0.97%
Dollar is up 0.20%
Bitcoin nears $65,000. BitCON is now "priced" below its mining cost. | MTick
10Y is lower by 6.9bp to 4.211%
Initial jobless claims 231K, Prior was 209K
January Challenger layoffs 108.435k, the highest for the month since 2009
Revised schedule: NFP report on Wednesday and CPI on Friday
ADP Employment Report Massively Revised to 2010, now useless for indications of employment trends | Wolf
Trump Approval Index Plummets to 41% | Ras
I’m Being Super Polite to AI Because I’m Sure It’s Already Making an Enemies List. | Insta
The SAVE Act is the right bill on which to restore normal procedure. | Amuse
Major legislation, we are told, requires 60 votes to pass. Without those votes, the chamber is paralyzed. Bills stall. Leaders shrug. The minority is said to have spoken. This belief is repeated so often that it has taken on the status of constitutional fact. I assumed it was true. It is nothing of the kind. There is no rule of the Senate, no clause of the Constitution, and no settled historical practice that requires 60 votes for the passage of ordinary legislation.
New START expires today. It’s the last remaining treaty. | Debt
Trump wants China to sign any new deal
Rutte Says Post-Ukraine Peace To Include NATO Boots By Air, Land & Sea | Debt
Never ever. Promises he knows he can’t keep. Makes you wonder why he says it regardless.
The good news is that both NATO and the EU will probably disappear by 2030. | Doug Casey
NATO is already a dead duck. It should have been abolished in 1991 when the Soviet Union fell. Even though it’s useless, its continued existence is a provocation to Russia and China. The EU is a counterproductive bureaucracy whose 80,000 bureaucrats are a pure drag.
More Doug: Trump won’t stop with Greenland. Clearly, he’s going to take back the Panama Canal Zone, and even now, American officials are talking with Albertans about their joining the US. Although if Alberta were smart, it would become independent. Since Alberta is a cash cow for the rest of Canada, the country will break up into its various provinces if Alberta secedes.
Biolabs in California, Las Vegas raided by FBI tied to indicted Chinese national | JTN
Spain Announces Major Social Media Crackdown | Debt and RT
Will ban social media use for children under 16 and hold tech executives personally accountable for “hateful content” \\\ “…personally singled out X owner Elon Musk, accusing the billionaire of spreading “disinformation” about his decision to grant amnesty to half a million illegal immigrants last week..”:”
A modern nation-state cannot be built on tribal loyalty. Tribe
Somali society is organized around the clan. Loyalty is not abstract, nor is it civic. It is biological and binding. The individual exists only insofar as he serves the group. Protection, marriage, honor, silence, and punishment are governed by this code. Obligations flow inward, sanctions flow downward. The clan precedes the individual and outlives him.
Newspapers are being inundated by AI-generated letters to the editor, as are academic journals. | Conver
Lawmakers are inundated with AI-generated constituent comments. Courts around the world are flooded with AI-generated filings, particularly by people representing themselves. AI conferences are flooded with AI-generated research papers. Social media is flooded with AI posts. In music, open source software, education, investigative journalism and hiring, it’s the same story.
UK Ban of Eva Confirmed by Home Office
10 Photos of Activist Eva Vlaardingerbroek.
Farmer: "Published research. Look up 'biogenic carbon cycle.' I'll wait."
Activist: "Every cow adds carbon to the atmosphere."
Farmer: "Only if the total number of cows is increasing."
Activist: "What?"
Farmer: "Stable populations are carbon neutral. Methane breaks down in twelve years back to CO2. Same CO2 the grass absorbed last year."
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at 1:00 AM