BOE Cuts By 25 bps To Record Low 0.25%, Boosts QE By £60 BN Including Corporate Bonds; Gilt Yields Crash
Real estate deals are collapsing in Vancouver, as more people back out of deals. ADP job reports shows construction jobs have declined. Office Depot, Kate Spade and others are reporting losses during this incredible recovery. Auto sales decline for the month of July, the only reason auto sales had a boost was because of fleet sales and government sales. Service sectors declines and Q3 does not look good. Mortgage apps fall again, and real estate companies are preparing for losses. The European banks did not do well in the stress tests and their stocks are dropping.
In an article I wrote last week, I reported on Wikileaks finding, from Clinton’s leaked emails, that Secretary of State Clinton played a large role in the present state of extreme shortage being experienced in Venezuela and it was deliberate.
Further the actions being pursued by the Venezuela government exactly parallel the articles and provisions contained in Executive Order 13603.
Is this just a coinciddence? Or is EO 13603 being beta tested in Venezuela for later application in the United States?
In the following paragraphs, I lay out the actions of the Venezuelan government in dealing with their contrived food crises and then offer a comparison to what is written in Obama’s EO 13603.
Well, well, well. Something incredibly strange is afoot. What exactly is happening is the million dollar question. Regardless of what it is, a shift has occurred that has shocked many in the precious metals community and has others scratching their heads in confusion.
Everyone knows that the West has been bleeding gold for decades, especially the United States, which has systematically been selling their citizen’s true wealth and hollowing out the foundation of their financial system. Yet, a massive and dramatic shift has occurred. A massive amount of gold is flowing BACK towards the United States.
Switzerland, which typically exports a minor 0.5 metric tonnes per month to the United States, has just completely gone into full gear and exported a monster amount of gold in the month of May 2016.
Sputnik News reports A stress test conducted a few days ago by the European Banking Authority confirmed the poor condition of many credit institutions in Europe. Italian banks and Germany’s Deutsche Bank are doing the worst.
OPEN INTEREST ON COMEX GOLD ALSO RISES/GOLD AND SILVER WHACKED AS EXPECTED/ALL ITALIAN BANKS HALTED AND ARE DOWN BETWEEN 10 AND 20% TODAY/REAL ESTATE BUBBLE BURSTS IN VANCOUVER DUE TO THE 15% FOREIGN TAX AS FOREIGN BUYERS WALK AWAY/OIL RISES IN UNEXPLAINED FASHION SENDING THE DOW HIGHER
For the August gold contract month, we had a large 732 notices served upon for 73,200 ounces. The total number of notices filed so far for delivery: 9657 for 965,700 oz or tonnes or 30.037 tonnes
In silver we had 19 notices served upon for 95,000 oz. The total number of notices filed so far this month: 140 for 700,000 oz.
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