Nueva Democracia: NOV 26 20 ND SIT EC y POL

NOV 26 20 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

BIG monsters behind GOLD

IN DELUSIONAL PUSH, LBMA THREATENS TO BLACKLIST ENTIRE GOLD TRADING CENTERS

Attack by bullion bank consortium mainly aimed at Dubai, and reeks of hypocrisy following DoJ prosecutions of JP Morgan and Scotia.

On 12 November, the Financial Times picked up on the LBMA news in an article by Henry Sanderson titled “Bullion industry group threatens to blacklist suppliers that do not meet OECD standards”, where it too had a head-mistressesque quote from Crowell, to wit:

“’The ultimate stick is that we could say to these jurisdictions that they are no longer considered credible and therefore not responsible sources of gold’, Ruth Crowell, chief executive of the LBMA, told the Financial Times.”

REEKS OF HYPOCRISY

Beyond the fact that the LBMA is not a global authority on telling bullion markets what they can and cannot do, these latest moves show the gross hypocrisy of the LBMA in lecturing others about ethics and business practices when all the while some of the LBMA’s most powerful member banks, banks that essentially run and control the LBMA, have recently been prosecuted and fined for the manipulation of precious metals prices in both criminal and civil actions. Such actions have been brought by both the US Department of Justice (DoJ) and the Commodities Futures Trading Commission (CFTC).

This includes two of the LBMA’s most powerful banks, JPMorgan Chase & Co, fined US $920 million in September 2020 for multiyear trading schemes to defraud gold and silver markets, and Scotiabank (The Bank of Nova Scotia) fined US $127 million in August 2020 for precious metals price manipulation. In 2018, the same US authorities (DoJ and CFTC) also fined other LBMA big hitters HSBC, UBS and (formerly) Deutsche Bank for engaging in spoofing of precious metals prices.

Not to forget that in 2014, Barclays Bank was fined £26m by the UK Financial Conduct Authority (FCA) for trading misconduct in precious metals prices. In the same year, the FCA also fined Swiss bank UBS for precious metals price manipulation.

All of these banks are and were the most powerful members of the LBMA. JP Morgan, Scotiabank, HSBC, and UBS are four of the five members of the LBMA’s London Precious Metals Clearing Limited (LPMCL), the group of banks which clears all precious metals trades in the London market. JP Morgan and HSBC operate the two biggest precious metals vaults in the LBMA’s London vaulting system.

CONINUE READING AT:

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SOURCE: https://www.zerohedge.com/markets/delusional-push-lbma-threatens-blacklist-entire-gold-trading-centers

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Short News on economics

CRYPTO CRASHES OVERNIGHT AS WHALES MOVE BITCOIN TO EXCHANGES

In the biggest crash since March, Bitcoin prices collapsed by over $3000 overnight (from just shy of $19500 to $16300 at the morning's lows)...

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FUTURES FLAT, GLOBAL STOCKS MIXED IN THIN THANKSGIVING TRADE

"The market’s very much looking forward to 2021 and the time when vaccines will be rolled out and economic activity can get back to normal."

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US DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

"THE FRAUD WAS EXECUTED BY MANY MEANS": SIDNEY POWELL "RELEASES KRAKEN" WITH DUAL LAWSUITS IN MICHIGAN, GEORGIA

Old-fashioned ballot-stuffing" has been "amplified and rendered virtually invisible by computer software...

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YOUTUBE ATTEMPTS TO SILENCE THE MISES INSTITUTE

"Because it’s the first time, this is just a warning. If it happens again, your channel will get a strike and you won’t be able to do things like upload, post, or live stream for 1 week."

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ILLINOIS SENATORS DURBIN AND DUCKWORTH ARE AMONG THE BOOK BURNERS HAPPY WITH BIG TECH CENSORSHIP

Democracy is subverted when the free exchange of information and opinion is suppressed. That subversion is now reality in America and much of the world thanks primarily to censorship by big technology platforms and our unapologetically dishonest and biased national media.

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VORNADO PULLS $5 BILLION OFFICE SALE PLANS ON BUILDINGS IT CO-OWNS WITH THE TRUMP ORGANIZATION

Trump's organization was hoping to use the windfall to pay off more than $400 million in debt it owes over the next few years...

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POLITICO EXPOSES SECRETIVE CONSULTING FIRM SET TO DOMINATE BIDEN CABINET

"Quite literally, the road to the Situation Room..."

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COMCAST TO IMPOSE 1.2TB DATA CAP ON NORTHEAST CUSTOMERS

"Comcast has quietly updated its online customer support..."

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Happy SNITCHGIVING: AMERICANS ARE BEING URGED TO REPORT FAMILIES GATHERING FOR THE HOLIDAY

With all the mistrust already brewing in our nation, this will be like throwing gasoline onto the fire...

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Happy racist genocide of natives .. after eating the ‘welcome-turkey’ given to pilgrims. This is the most hypocritical holyday of US across the globe. The 2^nd in line is the “Black Friday’ offered to poor blacks in America ..This ritual still continue but not on Friday .. whatever day they protest on streets. It did not ended up with Floy word ‘me estan asfixiando’ I can’t breeze. America has the best people in the world (they are few), they save our honor & decency. Tiene la mejor gente del mundo -son pocos pero son- But we have also the worse serial killers of the world at top level of political power. Those who dream with starting the WW3. I guess they get money from big Corp who manufacture weapons & wars abroad. Libya was an example: They kill the Presid Gadhafi for selling oil to Europe without permission of US, then they stole the gold from the nation & convert the Saudi terrorist mercenaries into heroes ready to be used, trained & armed to operate in Siria and Iran, to still their oil. That is how we create our empire. In short: we have the best & the worse & now we will see them in action in Iran. The duopoly party system (D+R) will support this war

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RABOBANK: "SHOULD WE BE THANKFUL FOR THIS CENTRAL-BANK SUPPORT?"

Where would we be without it? Yet where are we going with it? And what is it doing to us while we are doing it?

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DISNEY'S THANKSGIVING PRESENT: ANOTHER 4,000 LAYOFFS

Some four thousands workers woke up this morning thankful for unemployment benefit claims after they received notice they will no longer work at Wall Disney, which quietly continued its massive layoff spree the night before Thanksgiving.

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Behind a ’new era of capitalism’ is the war plan on IRAN that will start WW3

SHOULD AMERICANS MAKE THIS CRITICAL CASH MOVE NOW?

Maryland multimillionaire explains why a whole new era of capitalism is coming to America, and the #1 way to make sure you’re not left behind.

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How many millions of innocent people will be sacrifice in ww3 to save capitali?

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Does Trump’ habit ‘non sense bla-bla’ is contagious?

BIDEN: AMERICANS NEED TO 'FORGO' HOLIDAY TRADITIONS THIS YEAR

Unless you're Newsom, Pelosi, Feinstein or the Mayor of Denver, we assume

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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

Getting ready for WW3

US ARMY FIRES ROCKETS CAPABLE OF STRIKING CRIMEA INTO BLACK SEA

"...sneaked a pair of long-range rocket launchers near Russia’s Black Sea outpost, fired off a few rockets then hurried the launchers back to the safety of their base in Germany," Forbes described.

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F-35 STEALTH FIGHTER DROPS MOCK NUCLEAR BOMB OVER NEVADA DESERT

"We're showing the B61-12's larger compatibility..."

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WILL BIDEN END THE YEMEN WAR THAT HE & OBAMA STARTED?

The UN has deemed it the "world's worst humanitarian disaster"

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MASSIVE ARMADA OF IRGC BOATS MOBILIZE IN GULF AMID RUMORS ISRAELI STRIKE IMMINENT

Large Iranian show of strength drills in the Strait of Hormuz with just weeks to go before Trump leaves office...

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UK TRAVEL AGENCY BOYCOTTS QANTAS OVER "NO VACCINE, NO FLIGHT" POLICY

“There is a huge difference between coercion and making a free choice"