MAY 30 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social
+ Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they
documented with graphics
"THE
LARGEST EVER PHYSICAL TRANSFER OF GOLD" ORO:EL ROBO del SIGLO
Is silver next?
Two months ago, when the market was in a state of near-total chaos as a
result of a sudden collapse in global supply chains due
to the hasty coronavirus lockdowns, one market that saw unprecedented turmoil
was that of physical gold.
As we pointed out in late
March, due to a sudden breakdown in physical gold supply as the
world's top gold refiners, those located in the
southern Swiss town of Ticino, namely Valcambi, Pamp and Argor-Heraeus, suddenly stopped producing gold, the result was a
record divergence in the price of spot gold vs gold
futures contracts...
SEE CHART:
Gold Futures vs. Spot Gold
with gold futures decoupling and trading far above spot prices.
SEE CHART:
The resulting record divergence in gold futures vs spot unleashed a flood
of physical gold into the US as a record scramble by
traders rushing to take advantage of this arbitrage opportunity by shipping
bullion to New York sparked what Bloomberg
said "may be one of the largest ever
physical transfers of the metal."
"The flows into New York are unprecedented"
SINCE LATE MARCH, no less than 550 tons of gold - worth $30 billion at
today’s price and roughly equal to global mine output in the period - have been added to Comex warehouse stockpiles; hundreds of tons of that was imported. On its own that amount of gold would represent the 11th largest
sovereign holding, larger than the ECB's official 504.8 tons of gold.
SEE CHART:
WORLD OFFICIAL GOLD HOLDINGS
International Financial Statistics , May 2020
Notice: Peru –the 1st gold producer in all Americas- doesn’t
have 1 ton of Gold. So: all their Gold have been transferred to the US with the
consent of Per-crook
SEE THE LIST OF GOLD HOLDERS:
Traditionally, while tens of billions of dollars of gold change hands
every day in financial markets, a much smaller amount tends to physically move
between vaults in trading hubs like London, Zurich and New York. But that has
not been the case in the past two months: it all started to change as the
Covid-19 crisis affected the supply chain. As Bloomberg explains what we first
highlighted two months ago:
"when planes were grounded and Swiss
refineries closed in late March, traders were worried they wouldn’t be able to
get gold to New York in time to deliver against futures contracts. That caused
futures, which typically trade in lockstep with the London spot price, to soar
to a premium of as much as $70 an ounce.
That created an opportunity for enterprising
traders: buy gold somewhere in the world at the spot price, sell futures, and
benefit from the difference by shipping the metal to New York."
The scale of the trade has been revealed in exchange reports, import and
export data and comments from some of the leading precious metals shipping and
vaulting companies. It all came to a head on Thursday,
when traders declared their intent to deliver a record 2.8 million
ounces of gold against the June Comex contract, the largest daily delivery
notice in exchange data going back to 1994.
SEE CHART:
The bulk of this gold came from Switzerland, as Swiss
gold exports to the US surged, reaching 111.7 tons in April, the highest
on record. Already in March gold imports topped $3
billion, according to the Census Bureau, the highest in at least a decade.
SEE CHART:
To meet the unprecedented demand for physical gold, refineries as far
away as Australia have ramped up output of kilobars - the
form typically delivered on the Comex - to ship to New York.
For Brink’s Managing Director Mark Woolley,
the spike in demand to ship gold to New York has been unlike anything he’s
seen in 20 years in the market.
“The amount of metal that we’ve successfully
moved into New York is pretty significant,” he said Thursday on a webinar
hosted by the London Bullion Market Association.“It’s probably not far off the
total amount of metal that’s been mined in this period.”
As discussed previously, the CME Group which owns
Comex, responded to the unprecedented market
dislocation and the sudden lack of physical gold in New York by introducing a
new contract allowing the delivery of 400-ounce bars, the type
traded in London. Still, “other changes need to be at least considered,”
according to LBMA Chairman Paul Fisher.
With investor demand for physical off the charts, the enormous movement of gold has been a
blessing for logistics companies but also a curse: not only have passenger
flights - on which shipments are typically transported - been grounded, but New York City, where many Comex warehouses are located (recall
JPM's
giant gold vault just happened to be located right
next to the NY Fed's), has also been a hotspot for the virus.
To deal with flows, Loomis International U.K.
opened up additional vault capacity. Malca-Amit considered using airports in Boston
and Philadelphia, but hasn’t needed to yet, Finn said.
That said, while large volumes and virus-related restrictions at vaults and airports caused some delivery delays,
much of the spike in the premium for futures contracts in March - which left banks such as HSBC suffering hundreds of millions
in losses - was driven by perception rather than reality, Finn said.
"My own personal opinion is that any
assessment on the inability to get gold in was ill-informed at the time and was
made on assumptions rather than fact," Finn said.
Still, the bonanza for precious metals shippers may last a while… In fact , according
to BofA, in a world in which central banks are
flooding markets will trillions in freshly printed fiat and faith in the
monetary system is quietly shrinking one day at a time, the one asset the
"smart money" wants - as it dumps stocks - IS, you guessed
it, GOLD.
SEE CHARTs:
https://www.zerohedge.com/s3/files/inline-images/bofa%20private%20clients%205.29_0.jpg?itok=wYloPRHP
IN FACT, a simple correlation between the flood
in the global money supply and the price of gold suggests the yellow metal has
about $1000 of upside.
SEE CHART:
Global Money Supply vs. GOLD
Meanwhile, as investor interest in other precious metals picked up,
futures for silver and platinum have also traded at premiums to spot: “The guys in New York have done a great job,” said
Brian Hayward, head of Loomis International U.K.
"We’re seeing a lot of silver head that way
right now" Hayward said in what may be
very good news for fans of silver, which recently hit record lows against gold...
SEE CHART:
Gold vs Silver in a Historic Frame (uncertain future vs. predictable)
….
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LOCK DOWN
AGAIN? ARE CURFEWS THE SOLUTION?
Hugo Adan
5/31/2020
WATCH
LIVE: RIOTS ERUPT FROM COAST TO COAST; CURFEWS IMPOSED; STORES LOOTED; D.C.
ACTIVATES NATIONAL GUARD 2nd
Art with diff title +same stup Arg
Read this inappropriate
introduction: It caused my reaction below
"This is absolutely no longer about
George Floyd or addressing inequities anymore. This is an organized attack
designed to destabilize civil society..."
Summary:
- Peaceful protests quickly turn VIOLENT across major US cities
- US cities announce curfews after protests turn violent
- Protests unfold across from White House
- Seven states now activating National Guard troops
CURFEWS ARE IMPOSED AT:
Curfews are being imposed across the nation in response to the riots:
·
Minneapolis
·
Atlanta
·
Denver
·
Philadelphia
·
Pittsburgh
·
Seattle
·
Cleveland
·
Columbus
·
Portland
·
Miami
·
Milwaukee
·
Rochester,
NY
….
….
HERE MY 1ST PRELIMINARY NOTE:
IF VIOLENCE
is the main argt to impose
Curfews: WHY PITTSBURGH?
Here there was NOT one single violent demonstration
Why then? I do assume fascistic
intentions
….
….
HERE MY REACTION TO THE 1st ARTICLE BELOW:
Different title + same argument
Police’crime destabilize
the Nation & Gvt who needs them to impose
fascistic “order”
RIOTS
ERUPT FROM COAST TO COAST AS AMERICA HIT WITH ANOTHER NIGHT OF CHAOS Notice
the bad introduction: It is not about G Floyd? + stupid conspiracy Argt
"This is absolutely no longer about
George Floyd or addressing inequities anymore. This is an
organized attack designed to destabilize civil society..."
….
NO minimum logic (cause-effect) in this stupid
argument. It feet with the wrong idea that Trump need the police brutality to restablish social-order & continue be
re-elected as Presid of the US. The FACT is that
social-order was destroyed when the police killed George Floyd.. that was THE CAUSE.
But they are not above the LAW.. they can’t
kill an unarmed citizen, as happen before.. much less during election-time.
The EFFECT was
expected. The blacks are the poor among the poor in America & they have a
glorious lesson of resistance in US history, a history that whole nation admires
(that is why huge demonstrations against the police.. ‘if that happens to them
it will happen to us’, said a white leader in
one meetings. One black leader said: “IF the
police is pardoned with impunity ,
then this order has to be destroyed for us
to exist”) .
HOW THIS CONTRADICTION COULD BE SOLVED?
Avoiding violence in both sides of course. IF
the FED suppress legal freedoms of the US.. that will not solve the problem. IT
will worsen, like the lockdown for the pandemia.
Meaning: people could use the new lockdown & military control of streets
to decentralize their pacific meetings in
big-stores, factories, & public places to later concentrate all in one
single point, & then dissolve & going to the next place.
IF the army kill one more unarmed citizen fighting for US
freedom
is the President that will be politically killed.
IF happens that the Supreme Court don’t ACT requesting Trump
resignation.. there is not LAW in the US, SO:
REV proceeds.
THE OTHER OPTION FOR TRUMP TO
SOLVE THIS RIDDLE:
IF the police & the top command involved in the killing of George Floyd resist their provisional lock
in jail until a Court decide on them, IF SO Trump should announce the total
re-organization of the POLICE institution with members & the support of
armed forces and black leaders.
Then we will have a real PACIFIC SOCIAL ORDER
and Trump will have chances for re-election, if the NATION decides so.
====
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
Nuke testing and war
drills world-wide kill the environment & is main cause of pandemias
A Pentagon
official addressed the question of just
how fast nuke testing could be up and running at a secretive facility if
Trump were to give the go-ahead...
====
IF WW3 starts MAD will prevail, no
winners, only destruction: US suicide
====
But not included anywhere
in the Constitution was the Federal Reserve... policies have undermined the Congress' primary function, that
of compromise in an attempt to balance spending versus taxation...
====
US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State
socialis+K-, D rest in limbo
America's
allies as well as national
security state hawks are going to flip, given especially the
sensitivity of the Ukraine issue.
====
The reason why US
send troops to COL is because Trump wants the oil from VEN
The move is also seen as a way to put pressure on Caracas...
….
The new attack to VEN is condemned to failure. Brigades from BRA, ARG
& Peru are ready to bomb American
Embassies & US Companies. The ‘mariguelas’ are already in Loreto –Peru to
destroy US commands there + a LAB for bio-chemical experiments. VEN has already INSTALLED the military arms
provided by RU. The cocaine story-tell we kew it in Bol & Peru. DEA was
involved in the traffic.
====
UN
HUMAN RIGHTS CHIEF DEMANDS US TAKES "SERIOUS ACTION" TO STOP KILLING
OF UNARMED AFRICAN-AMERICANS
“Procedures must change,” says Michelle Bachelet.
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO
..Focus on neoliberal expansion via wars & danger of WW3
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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes &
terrorist imperial chaos
REBELION
====
ALAI ORG
====
RT
EN ESPAÑOL
Más de 25 ciudades de EE.UU. declaran el toque de
queda https://actualidad.rt.com/actualidad/355000-25-ciudades-eeuu-toque-escalada-violencia-manifestaciones
Rusia aprueba el primer medicamento contra covid-19
fabricado en el país https://actualidad.rt.com/actualidad/354972-medicamento-ruso-covid-aprobar-salud
"Reanimar una economía muerta con dinero fiat
no funciona" https://actualidad.rt.com/programas/keiser_report/354932-teoria-reanimar-economia-dinero-fiat-no-funciona
Incendian patrulleros en Filadelfia y el alcalde
impone el toque de queda https://actualidad.rt.com/actualidad/354985-incendiar-autos-policiales-protesta-george-floyd-filadelfia
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
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CROSS TALK https://www.rt.com/shows/crosstalk/
The
standoff between President Trump and Twitter escalated yet again when the
social media giant flagged a tweet regarding civil unrest. This comes just one
day after he signed an executive order against social media companies. All of
the above is reflected in the stock prices for Twitter, Facebook, and Google.
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
-Bolivia’s
Parliament Summons “Interim President” Jeanine Áñez to Clarify Corruption
Scandal By Lucas Leiroz
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