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July 10, 2018

Tuesday, July 10, 2018

Chaotic BREXIT More Likely and Risk of “Death By A Thousand Cuts” For London

– “Chaotic” Brexit more likely after Davis, Johnson resignations from UK government – London’s rivals are slowly carving chunks out of its financial services business – UK’s Brexit options are increasingly unappealing which may pressure the pound – Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs – Risk of “death by a thousand cuts” for London, it’s financial services industry and its property market?.... https://news.goldcore.com 
A STUNNING AMOUNT OF GOLD: Two Largest Gold Producing Countries In History
How much gold did the two largest mining countries produce in history?  Well, let’s just say that precious metals investors would be quite surprised to learn that the total cumulative gold production from the two leading countries is well over two billion ounces.  That is one heck of a lot of gold once we consider that only six billion oz of gold has been mined in recorded history........

Twenty-five years after the Rothschilds and British Empire took control over South Africa (1902), the country was producing more than 50% of the world’s annual gold supply at 10+ Moz.  Interestingly, South Africa was producing more gold in 1927 than Australia mined last year (9.5 Moz)… the world’s second-largest gold producer in 2017.

Now that we know that South Africa was the world’s largest gold producer in history, which country came in second?  The next largest gold mining country came in a distant second by producing only a third of South Africa’s 52,700 mt.  The United States ranked second in the world by mining 18,800 mt of gold since 1801:

........ When I did the research, I knew that South Africa was likely the largest gold producer in history, but I was surprised to find out that one country, actually one small mining area, produced more than a quarter of all the world’s gold.  Even the mighty California Gold Rush from 1848-1888 only produced 55 Moz of gold.

Unfortunately, only a very small percentage of investors have acquired gold and silver.  I imagine the number is now less than 1%.  While some in the Alternative Media Community believe this was a “Grand Conspiracy” by the elite, I rather think it was due to the wealthy’s drive for profits and the public’s desire for more goods and services than they could afford. We must remember, most people would rather buy and use a nice car, boat, RV, and loads of high-tech gadgets than buy a lump of gold or silver just to look at it.  The public is “under-insured” and “over-burdened with gobs of stuff and crap.”  Now, when I say, under-insured, I am not referring to just health care, but including all aspects of being prepared for HARD TIMES ahead.  Most Americans would rather spend their surplus funds on THINGS to use and do than on protecting their family when the SHYTE HITS THE FAN.   https://srsroccoreport.com/a-stunning-amount-of-gold-two-largest-gold-producing-countries-in-history/ 




Leveraged-Loan Risks Are Piling Up

US junk-bond issuance in June plunged 31% from a year ago to just $14.5 billion, the lowest of any June in five years, according to LCD of S&P Global Market Intelligence. During the first half of the year, junk bond issuance dropped 23% from a year ago to $110.6 billion. Is investor appetite for risky debt drying up? Have investors given up chasing yield? On the contrary! They’re chasing harder than before, but they’re chasing elsewhere in the junk-rated credit spectrum: leveraged loans. Leveraged loans are another way by which junk-rated companies can raise money. These loans are arranged by banks and sold either as loans or as Collateralized Loan Obligation (CLOs) to other investors, such as pension funds or loan funds.


 They’re a $1 trillion market and trade like securities. But the SEC, which regulates securities, considers them loans and doesn’t regulate them. No one regulates them. In the first half, companies issued $274 billion of non-amortizing leveraged loans, and $97 billion in revolving and amortizing leveraged loans, according to LCD, for a total of $371 billion, on par with the record set in the first half last year. This is well over triple the amount of junk bonds issued in same period ($110 billion). Many of these loans have floating interest rates, typically pegged to the dollar-Libor. And in an investment environment where the Fed has been trying to push up interest rates, Libor has surged, and floating-rate loans, whose interest payments increase as Libor ratchets higher, are very appealing to investors – despite the additional risks these higher interest payments pose for the companies that are already struggling with negative cash flows.........https://wolfstreet.com/2018/07/10/leveraged-loan-risks-volume-rising-interest-rates/ 



(ALERT). TODAY Keep Your Eyes On The Bond Market! Single Digit Spread Imminent. By Gregory Mannarino

https://www.youtube.com/watch?time_continue=10&v=p_xVN13RJzw     https://www.traderschoice.net/ 




Crackdown Coming? Outspoken Amazon Critic Joins Staff At FTC

Jeff Bezos just got a powerful new enemy...   Less than a month after the Supreme Court ruled that states had a right to collect sales taxes from Internet retails - a ruling that was interpreted as a shot across Amazon's bow - a prominent Amazon critic has joined the staff of the Federal Trade Commission, suggesting that the major anti-trust action that media pundits described as a "long shot" could very well happen. According to Bloomberg, the FTC has hired Lina Khan, the director of legal policy at Washington think tank Open Markets Institute, who will serve as a legal fellow for the next few months for FTC Commissioner Rohit Chopra as the agency prepares to "increase anti-trust scrutiny of technology firms."  Khan has gained widespread notoriety thanks to her trenchant criticisms of Amazon. As a student at Yale Law School, she wrote a paper for the Yale Law Journal entitled "Amazon's Antitrust Paradox", in which she argued that the modern anti-trust enforcement framework isn't equipped to challenge Amazon's dominance and the harm it poses to competition. Her work was cited by the head of the DOJ's antitrust division in a speech in April as an example of "fresh thinking" about how the DOJ can hold digital platforms accountable. Khan has appeared on panels to argue her view that Amazon and other technology giants in the online retail space threaten competitive markets.



Judge rejects Trump request for long-term detention of immigrant children

A U.S. federal judge on Monday rejected the Trump administration’s request to allow long-term detention of illegal immigrant children, a legal setback for President Donald Trump’s push to detain immigrant families taken into custody at the U.S.-Mexico border....... 

Los Angeles U.S. District Court Judge Dolly Gee dismissed as “dubious” and “unconvincing” the U.S. Justice Department’s proposal to modify a 1997 settlement known as the Flores Agreement, which says that children cannot be held in detention for long periods. The government made its request in June after public outcry over its policy of separating children from parents who entered the United States illegally. A judge in a different case in San Diego ordered the government last month to reunite the families it had separated. The government asserted in its Flores filing that the San Diego ruling would necessitate longer-term detention of children, since that would be the only way to both reunite them with their parents and keep the parents incarcerated during their immigration proceedings. Gee rejected that argument......https://www.reuters.com/article/us-usa-immigration-ruling/judge-rejects-trump-request-for-long-term-detention-of-immigrant-children-idUSKBN1K002N 



Time to get real: North Korea will not denuclearize

 ......Now that American Secretary of State Mike Pompeo’s first visit to Pyongyang since the historic Singapore summit between the leaders of North Korea and the United States is over, perhaps reality can seep back into our collective consciousness.  Pompeo claimed that progress was made; the North saw very things differently. Its official news site posted on July 7 that the US attitude was “regretful” and “gangster-like.”  True, the next-to-last sentence in the announcement indicated a willingness to deal with Trump, suggesting that the harsh reaction to Pompeo’s visit could merely be establishing a negotiating position.   But that is beside the point; a desire to engage in dialog does not mean that denuclearization is imminent. More to the point are various facts that indicate North Korea will not now, nor in the foreseeable future, relinquish its nuclear weapons or destroy its missiles.....  http://www.atimes.com/article/time-to-get-real-north-korea-will-not-denuclearize/ 



International Community Ignores Genocide of Christians in Nigeria

In what the Christian Association of Nigeria is calling a “pure genocide,” 238 more Christians were killed and churches desecrated by Muslims last week in the west African nation.  This brings the death toll of Christians to more than 6,000 since the start of 2018. According to a joint statement by the Christian Association, an umbrella group of various Christian denominations, “There is no doubt that the sole purpose of these attacks is aimed at ethnic cleansing, land grabbing and forceful ejection of the Christian natives from their ancestral land and heritage.” The statement condemned the recent attacks, “where over 200 persons were brutally killed and our churches destroyed without any intervention from security agencies in spite of several distress calls made to them.” The statement adds that the majority of those 6,000 Christians massacred this year were “mostly children, women and the aged…  What is happening in … Nigeria is pure genocide and must be stopped immediately.”

The details of the murder of these thousands, though seldom reported, are often grisly: many were either hacked to death or beheaded with machetes; others were burned alive (including inside locked churches or homes); and women are often sexually assaulted or even raped before being slaughtered. For long, both the Nigerian government and the U.S. government have sought to present this protracted jihad as territorial clashes between the haves (apparently always Christians) and haves-not (apparently always Muslims).....  https://www.gatestoneinstitute.org/12645/christians-genocide-nigeria 



Scientist: Creation of Earth Calibrated to Mount Moriah

The scientist who mathematically proved prophecy, claims his formula has cosmic implications, showing that the creation of the world was calibrated according to the location of Jerusalem and the return of the Jews to Israel. According to the scientist, Saul Kullook, his discovery is indisputable proof of the existence of the God of Israel. “This is not a theory,” Kullook explained to Breaking Israel News. “It was there, waiting to be seen. I just worked out the mathematical proof.”



‘Family Friendly’ Netflix Airs ‘Salute To Abortion’ Show As Host Michelle Wolf Declares ‘God Bless Abortions!’ 

On her weekly Netflix program, “The Break with Michelle Wolf,” Wolf used Supreme Court Justice Anthony Kennedy’s announced retirement to tout abortion rights and demean pro-life Americans. Wolf closed by marching out on stage in a majorette’s costume, accompanied by a drum corps, and a huge banner reading, “The Break’s 10th Annual Salute to Abortion.”



Nearly 30 Shot, Four Fatally, over Weekend in Gun-Controlled Chicago

Four people were killed and another 24 wounded by gunfire in gun-controlled Chicago over the weekend.

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