BREAKING: Berkshire Hathaway stands to lose $6 billion from unsecured loans it made to embattled crypto hedge fund Three Arrows Capital, in documents reviewed by Bloomberg.
— litquidity (@litcapital) July 8, 2022
I’d call that a misstep Warren
Canada has only two cable providers , Rogers and Bell
One of them , Rogers , shut down for six hours . No Internet access and worse , any business subscribers could not access banking/credit card nodes . Travelling ? Stop in Podunk for gas , and unless you have cash , no fuel . Decide to eat ? Again no cash no food . Same for a hotel or motel…sleep in your car. Summer is vacation time in Canada . How many families are stranded?
Welcome to what you can expect with CBDC and government social credit schemes . On the other hand , say you have a small purse of junk silver quarters . You may find a welcoming business owner from an offshore nation who still trusts silver .
M Copper
Dollar, have to see how it does as we get closer to that rate hike.
When Are They Going To Drop That Dopey/High/Dollar?
Maybe we should be happy USD has a lot of purchasing power, if someone wanted to buy some physical AU AG coins. But I just checked APMEX and they want 40% over spot for junk Silver bags $1000 face $19,734.
There are 715 ounces in a $1000 bag thats $27.60 per ounce versus $19.61 Silver spot. If you wanted to buy a a 20 ounce roll of US Mint Direct Gold Eagles, $38,566, they want $175 over spot, like $1,928/coin versus $1,754/oz.
Kunstler … What a delight to read this guy!
It looks like someone has called room service in a certain Swiss Fortress of Solitude and ordered der Schwabenklaus’s ass to be handed to him on a platter with a side of sauerkraut. The assisted suicide of Western Civ, Euro division, has been interrupted by peasant uprisings, first in the Netherlands, now spreading to Germany, Italy, and Poland. The farmers are on the march. They are coming for you, Klaus, and your World Economic Forum’s legion of implanted government goblins.
drb2
Can’t argue with that.
I fantasize about the big criminals going down.
@ Ipso – JP Morgan (again)
Another token arrest of small fry, while the real criminals go free.
Never any mention of restitution to the victims.
No Justice in the “Just-Us” system.
https://www.bnnbloomberg.ca/jpmorgan-s-big-hitters-of-gold-market-face-trial-over-spoofing-1.1788940
Would love to see some large “time” handed out!
JPMorgan’s ‘Big Hitters’ of Gold Market Face Trial Over Spoofing
(Bloomberg) — Michael Nowak was once the most powerful person in the gold market.
The former JPMorgan Chase & Co. managing director ran the bank’s precious metals business for more than a decade, making hundreds of millions of dollars in profit trading everything from silver to palladium. Now, he and two of his former colleagues face a federal jury in Chicago on criminal charges for thousands of so-called spoofing trades, which prosecutors say were used for years to generate illicit gains for JPMorgan and its top clients.
The trial, slated to kick off Thursday, threatens to lay bare the inner workings of the prestigious bank that has long dominated the market for gold. The government says Nowak’s business operated as a criminal enterprise, manipulating prices from 2008 to 2016 by placing thousands of trade orders that were never intended to be executed. If convicted, the three men are among the biggest players yet to face prison for price manipulation.
https://www.bnnbloomberg.ca/jpmorgan-s-big-hitters-of-gold-market-face-trial-over-spoofing-1.1788940
Standard Operating Procedue …. Rotten to the core
Biden Sold 1 Million Barrels From Strategic Petroleum Reserve To Chinese Firm Hunter Invested In
Endeavour Silver (EXK) Buys Pitarrilla, Boosts Portfolio
https://finance.yahoo.com/news/endeavour-silver-exk-buys-pitarrilla-152303126.html
Yamana Gold Announces Strong Preliminary Second Quarter Operating Results With Exceptional Performance Across Its Core Asset Portfolio Delivering Production Ahead of Plan; Strategic Initiatives at Jacobina and Wasamac Continue to Advance
https://finance.yahoo.com/news/yamana-gold-announces-strong-preliminary-203000181.html
Globex Receives $3,000,000 Payment from Yamana
https://finance.yahoo.com/news/globex-receives-3-000-000-144100337.html
GALIANO GOLD PROVIDES METALLURGICAL AND OPERATIONAL UPDATE AT ASANKO GOLD MINE
https://finance.yahoo.com/news/galiano-gold-provides-metallurgical-operational-120000649.html
Grande Portage Resources Commences Drill Program at the Herbert Gold Project
https://ceo.ca/@newsfile/grande-portage-resources-commences-drill-program-at
Endeavour Silver Reports Strong Q2 2022 Production Results; Higher Grades at the Guanacevi Mine Drive Strong Operational Performance
https://ceo.ca/@nasdaq/endeavour-silver-reports-strong-q2-2022-production
So glad to see that nothing changes in scumland
all eco numbers are dollar bullish and PM bearish.
Was it coincidence that Bill Gates flew to London yesterday ?
…and which global financial leaders were invited to dinner at 10 Downing St. last Oct. ?
Abe , former leader of Japan
…shot in Nara Japan per post by Corbett .
Others , come to mind as likely candidates …maybe a recent WH ‘greeter’ ?
Hunter Biden
At the get together at the White House yesterday Hunter Biden was a greeter to those who attended. Talk about giving this country the middle finger. This goes over the top.
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