TNT. KTFA, PIR and more Thursday PM 5-28-2020
TNT:
Cutebwoy: U.S. imports record amount of gold from Switzerland as virus upends trade
May 27, 2020
LONDON, May 26 (Reuters) - Swiss exports of gold to the United States leapt to 111.7 tonnes in April -- by far the biggest monthly total on record -- while shipments to other destinations dwindled, customs data showed on Tuesday.
The global gold market has been turned on its head by the novel coronavirus, with demand in China and India collapsing due to lockdowns while in the West investors rushed to buy bullion as a safe asset to weather a period of financial turmoil.
High prices on CME Group's Comex exchange spurred shipments to New York.
Switzerland, a major trading, vaulting and refining centre for precious metals, exported a total of 131.8 tonnes of gold in April, up from 96.2 tonnes in March but slightly lower than in April 2019.
The United States, which typically imports less than a tonne of gold a month from Switzerland, accounted for 85% of that total.
Switzerland meanwhile shipped 500 kgs (0.5 tonnes) of gold to India, 1 kg to Hong Kong and no gold at all to China in April. Each of these destinations usually receive tens of tonnes of metal from Switzerland each month.
Following are the numbers for April 2020 and comparisons.
SWISS TRADE DATA (KG) EXPORT (kg)
Apr-20 131,755
Mar-20 96,198
Apr-19 143,179
DESTINATION OF SWISS GOLD EXPORTS (KG)
To China To Hong Kong To India To the U.S.
Apr-20 0 1 500 111,678
Mar-20 0 152 6,637 43,212
Apr-19 24,750 33,694 58,845 973
* Source: Swiss trade data. Data subject to revision by
source.(Reporting by Peter Hobson; editing by Emelia Sithole-Matarise)
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Courtesy of Dinar Guru
Bruce [via WiserNow] Now we thought last Thursday...that the earliest we would go was going to be today [Tuesday]... Now...we didn’t go today....we did not get the toll free numbers to start today... there is still clean up at our tier 1 banks...and it’s been happening over the last 3-4 days...in the morning [Wednesday] – the banks are supposed to be completely purged of anything considered harmful to us in terms of personnel...Let’s expect that the bank screens are going to reflect the accurate rates – and we’re not going to talk about rates...I was just thinking that Sunday night when the Forex comes back up and the trading begins – everything is set and ready to go from that point of view...I hope this is our week...things look like it could be – it could be the next couple of days...
KTFA:
Don961: The wealth of American billionaires jumps $ 434 billion in two months
May 22, 2020 07:27 PM
Mubasher - Ahmed Shawky: The wealth of American billionaires increased by about 434 billion dollars in two months during the period of closeness caused by the Corona epidemic
A report by the American Institute for Tax Reform and the Program on Inequality of the Institute for Policy Studies, released on Thursday, revealed that the net worth of the wealth of American billionaires during the period from mid-March to mid-month rose to $ 3.382 trillion from $ 2.948 trillion
This means a 15 percent increase in the fortune of 600 billion US billionaires, according to Forbes data
According to the report, the first five billionaires (Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison) have seen their wealth grow by a total of $ 75.5 billion, or 19 percent, accounting for 21 percent of the total wealth growth of all billionaires in the past two months
Elon Musk, CEO of Tesla, was also among the most profitable billionaires in two months, as his net worth jumped 48 percent to $ 36 billion
Zuckerberg also saw his wealth increase by 46 percent in two months to $ 80 billion, and Bezos' wealth increased by 31 percent to reach $ 147 billion
During nearly the same two-month period, more than 38 million Americans lost their jobs, highlighting the deepening of the inequality gap during the epidemic
"The epidemic has revealed the deadly consequences of the growing American wealth gap, and billionaires are a stark symbol of this economic disparity," said Frank Clemente, executive director of the Americans ’Foundation for Tax Reform LINK
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Keiser Report | Laundering Feudalism | E1546
In this episode of Keiser Report, Max and Stacy examine the abundance of circumstantial evidence that the entire economy has become a money laundering operation.
From the ‘unicorns’ of Silicon Valley where losses are rising exponentially, to fracking plays where losses mount every year for the past decade to the entire business model of private equity where companies are loaded up with massive piles of debt... who exactly is profiting from so many money losing enterprises?
In the second half, Max talks to Michael Krieger of LibertyBlitzkrieg.com about the tide going out on our collective delusions about money printing and who exactly gets ‘rescued’ with the Fed’s never-ending bailouts.
Patriot Intel Report
PIR 05 28 20
We may actually see POTUS say something interesting by the end of this week…Be on the lookout for some kind of announcement .
I am anticipating news on Historic Chinese Bonds.