Good morning. Here’s your Daily SITREP for Monday, 27 November 2023.
Forward Observer’s Cyber Monday deals are live. Next year is going to be turbulent. Protests, riots, civil unrest, supply chains, markets, elections — you name it, it’s going to get disrupted. You don’t have to go it alone in 2024. The Early Warning intel team keeps you informed on what matters, when you need to know it. Put us on your team with a new Early Warning membership.
- (1) HOUSE COULD VOTE TO EXPEL NY REPUBLICAN SANTOS THIS WEEK: House Ethics Committee Chair Michael Guest (R-MS) introduced a resolution to expel Rep. George Santos (R-NY) from the House, and a vote could happen as soon as this week.
- Santos said he expects to be expelled from the House and accused other lawmakers of violating Congressional ethics without being targeted for investigation.
- Why It Matters: Removing Santos would likely lose a seat for the GOP, but the move to expel him over ethics and criminal complaints could be an attempt by the GOP to save the other four New York seats held by Republicans. – R.C.
- (2) BATTLEGROUND STATES PUSH FOR FASTER 2024 VOTE COUNT: Several battleground states, including Michigan, Wisconsin, and Georgia, have passed new election laws to speed up vote counting ahead of the 2024 election.
- Michigan Secretary of State Jocelyn Benson (D) said election officials across battleground states are preparing for close elections in 2024 and “post-election challenges and misinformation to flourish as a result.”
- Why It Matters: 2024 is set to be the most contentious election in modern U.S. history, with a strong likelihood of political violence, and state election officials are scrambling to deflect any possible blame over election irregularities in 2024. – R.C.
- (3) BOFA: GLOBAL SILVER DEMAND WILL OUTPACE SUPPLY: Bank of America analysts published their 2024 silver analysis and forecast, showing that global silver demand – partially from increased green energy applications – will likely exceed supply this decade.
- The above-ground silver supply has fallen by about 30% since early 2021.
- Large silver producers’ annual output through 2025 will be 15-20% lower than the previous highs due to lower capital investments of the past decade, according to Bank of America’s model.
- Electric vehicles (EVs) use about double or more the amount of silver compared to internal combustion vehicles, and EVs will account for 40% of global vehicle production by 2030, Bank of America’s forecast noted.
- Why It Matters: Compared to gold, more silver production is consumed rather than stored, and market supply-demand imbalances have more of an impact on silver prices. Continued imbalances could push silver prices higher next year and through the 2020s. – H.B
Forward Observer’s Cyber Monday deals are live. Next year is going to be turbulent. Protests, riots, civil unrest, supply chains, markets, elections — you name it, it’s going to get disrupted. You don’t have to go it alone in 2024. The Early Warning intel team keeps you informed on what matters, when you need to know it. Put us on your team with a new Early Warning membership.