Full crosspost from NonVeniMark’s place.

(**Today’s video is for the Station Church of last Thursday, which couldn’t be entered to film until the day itself, thus making timely production impossible. Today’s Station Church, San Clemente, does not allow any filming whatsoever, sadly.)

Sodomy most certainly is NOT a crime ‘without a victim.” For every man or woman converted to the Sins of Sodom, there is another man or woman left without a spouse.
Don’t blame me. It’s MATH.

If true it boggles the mind. pic.twitter.com/ngAVQkTNib

— Ed ☯️Free Thinker & Oracle (@DowdEdward) March 11, 2022

In a related note, if you know who Justin Bieber is, his wife, who is also Alec Baldwin’s niece, just had a stroke. 

TMZ reports the model, 25, was admitted to a Palm Springs area hospital a few days ago after suffering a “medical emergency” that reportedly affected the way she moved. Her symptoms are said to be more typical of an older person, not of a runway pro in her mid-20s.

UPDATE: Ah, just a TIA. Hey, what 25 year old HASN’T started having Transient Ischemic Attacks and started the countdown to “the big one”, amirite? She has a one in three chance of having a major stroke within 12 months, IF you use pre-DeathInjection probabilities tied to natural old age. I’d say since we are dealing with an active poisoning known to cause strokes, her odds are far higher. Shaddap and get ya boostah!

MEANWHILE, it was announced today by Moderna that Stéphane Bancel, the psychopath founder and CEO of Moderna who knew all along that the mRNA injections were poisonous, has a “golden parachute” walk-away retirement package option worth $926 million dollars.

PLEASE read the ARSH 2016 article on Bancel and Moderna that I reprinted in full in which Bancel’s psychopathy is discussed at length, as is the openly-admitted toxicity of mRNA injections.

Delivery — actually getting RNA into cells — has long bedeviled the whole field. On their own, RNA molecules have a hard time reaching their targets. They work better if they’re wrapped up in a delivery mechanism, such as nanoparticles made of lipids. But those nanoparticles can lead to dangerous side effects, especially if a patient has to take repeated doses over months or years.

Novartis abandoned the related realm of RNA interference over concerns about toxicity, as did Merck and Roche…

“I would say that mRNA is better suited for diseases where treatment for short duration is sufficiently curative, so the toxicities caused by delivery materials are less likely to occur,” said Katalin Karikó, a pioneer in the field who serves as a vice president at BioNTech.

Repost by multiple requests, because it’s literally happening. So, might as well review and catch the Johnny-come-latelys up.

As I have been saying all along, and is now referred to as The Barnhardt Axiom, if you can’t stand in front of it with an assault weapon and physically defend it, then it isn’t yours, and probably never was.

(Ahem. Cough. 401ks. Cough.)

Originally penned and posted on December 15, ARSH 2011, seven weeks after MF Global.

3. Finally, a very simplistic explanation of how the cash commodity markets are soon going to decouple from the futures markets. This is a little complex, but stay with me. I think this is important to understand because none of us who have lived our whole lives in the U.S. have ever seen a market disintegrate.

The threat (or promise) of delivery upon expiration is what keeps the futures markets tethered to the cash markets. Up until now, if an unreasonably wide spread between the futures price and the underlying physical commodity market got too out of whack, a process called †arbitrage† would kick in. Arbitrage is when a party simultaneously buys and sells on two separate but related markets in order to capture an inefficient spread between those two markets.

I†m going to use precious metals as my example commodity because there are alot of metals guys reading this, and because the metals markets will be the big tell in term of when decoupling and thus total futures market disintegration is upon us. But these examples apply to all of the physical commodities.

Let†s say that the physical silver market is trading far lower than the silver futures price. This is what is called a WEAK BASIS. The BASIS is the relationship between the cash market and the futures market and is very simply defined as (CASH minus FUTURES). If cash silver can be bought at $25.00 per ounce and the futures are at $30.00 per ounce, the cash is $5.00 under the futures. When cash is under the futures, this is called a WEAK basis.

Up until now, what would a metals trader do? In very simple terms, he would buy the cash silver at $25.00 per ounce and then simultaneously sell the futures at $30.00. Because he has short-sold the futures, he could hold the contract to expiry and then deliver the $25.00 cash silver he bought to make good on the contract and receive his $30.00 price. So his simple net profit would be $5.00 per ounce. As many traders saw this spread and simultaneously executed this same strategy of buying the cash and selling the futures, what effect would this have? Right. It would cause the cash-futures spread to move back in toward convergence by pushing the futures price down (lots of sellers) and propping the cash market up (lots of buyers).

Now the opposite scenario: a STRONG basis. Let†s say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.

The lynchpin that is holding this dynamic together and keeping the futures markets tied to the underlying cash market is the fact that the futures contracts are deliverable, and a trader can either deliver or take delivery of actual physical silver via his futures position.

Are we seeing a problem yet? The futures markets have lost their viability and trustworthiness because of the MF collapse and theft. At some point in the not-too-distant future, people everywhere are going to realize that the delivery mechanism is not reliable. Heck, just holding cash and/or positions in a futures account is no longer reliable. The the market itself is not reliable, traders will no longer attempt to arbitrage these basis spreads because the risk to the trader that the rug will be pulled out from underneath them is simply too great.

And in the metals markets, the delivery process itself is . . . um . . . shall we say, easily corrupted? When you †take delivery† of physical metals, it doesn†t get sent to your house. All you get is a certificate saying that X number of ounces are being held in a certified vault somewhere with your name on them. After the MF collapse, that sounds like a joke, right? A CERTIFICATE with my NAME ON IT? Yeah. That really is how it works.

When the arbitrageurs finally lose all confidence in the markets, the cash market will decouple from the futures because no one will be willing to take the risk of having their money, positions and/or physical metals stolen/confiscated. If no arbitrageurs are willing to trade these spreads † no matter how wide they may become † and thus there is no force causing the cash and futures to converge, we will see the basis spreads become extremely wide. As people flee the futures markets, the futures prices will drop, while the cash markets hold steady or even diverge and actually rise as all of the former paper players realize that physicals are the only remaining game to be played.

Watch for this. Watch for the gold and silver futures to sell off as people walk away from paper while the online cash dealers, seeing that market demand for their physical inventory is robust, begin to ignore the futures prices and hold their prices steady or even raise them. When you see this basis decoupling and absence of arbitrage, lo, the end is nigh. A parabolic spike is coming.