In The News Today

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Bill Holter’s Commentary

This is a start!
We failed’ — Top Newspaper In Denmark Apologizes For Promoting Covid Hysteria…
January 13, 2022

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Bill Holter’s Commentary

Who’s sweating now?

Who’s Sweating Now? Ghislaine Maxwell Ends Fight To Keep John Doe Names Sealed
January 13, 2022

Sven Nackstrand/AFP

A whole lot of John Does are likely more nervous this morning.

At issue? Virginia Giuffre’s request to unseal documents that name names in her since-settled civil lawsuit against Ghislaine Maxwell, which led to a lengthy and ongoing open-records battle.

In December of last year, a Manhattan jury in Maxwell’s trial returned guilty verdicts in five of the six charges against her after six days of deliberations. Maxwell faced federal charges that included conspiracy, violations of the Mann Act, and sex trafficking a minor for her role as Jeffrey Epstein’s longtime confidante and now-convicted accomplice, related to what prosecutors described as Epstein’s “Pyramid scheme” of sexual abuse of minor girls.

Depending on what lies underneath the redactions, the unsealed information could make waves inside the same courthouse, and around the world.

Giuffre, one of Epstein’s many alleged victims, filed a federal lawsuit in New York in August of last year accusing Britain’s Prince Andrew of sexually abusing her on multiple occasions when she was 17 years old. Her lawsuit against Alan Dershowitz—and his countersuit against her—are also playing out in the Southern District of New York.

In a legal brief filed on Wednesday, Giuffre requested that the judge unseal the names of the John Does currently kept out of the public eye, in part due to their complaints of how disruptive the media attention would be to their lives.

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Bill Holter’s Commentary

What’s in your pantry?

BREAKING: The ‘Mother of All Supply Chain Shocks’ Is Coming
January 14, 2022

Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed’s leaks and jawboning) now virtually certain of a March rate hike, we have been repeatedly warning that after a huge policy error in 2021 when the Fed erroneously said that inflation is “transitory” (it wasn’t), the central bank is on pace to make another just as big policy mistake in 2022 by hiking as many as 4 times and also running off its massive balance sheet… right into a global growth slowdown.

And, as we have also discussed in recent weeks, one place where this growth slowdown is emerging — besides the upcoming deterioration in US consumption where spending is now being funded to record rates by credit cards before it encounters a troubling air pocket — is China and its “covid-zero” policy in general, and its covid-locked down ports in particular.

But what until recently was a minority view confined to our modest website, has since expanded and as Bloomberg writes overnight, the effects of restrictions in China as the country maintains its Covid-zero policy “are starting to hit supply chains in the region.” As a result of the slow movement of goods through some of the country’s busiest and most important ports means shippers are now diverting to Shanghai, causing the types of knock-on delays at the world’s biggest container port that led to massive congestion bottlnecks last summer that eventually translated into a record number of container ships waiting off the coast of California, a glut that hasn’t been cleared to this day.

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