Jack Ma’s Ant IPO Signals Start Of De-Dollarization

Monday’s trading saw a continuation of recent themes.

Winners among the sectors least affected by the virus: the Nasdaq Composite Index rose to another record

More government and central bank stimulus is coming: 10-year real Treasury yields are inching toward an all-time low, and the two-year Italian BTP yield turned negative again

The stimulus suppresses asset volatility

The dollar has peaked. The DXY Index is testing the post-Covid lows

Buying the dip in risky assets makes sense because they have an imbedded call option on a vaccine. As time passes by, the chance of a medical breakthrough increases

Back in China, the biggest news overnight was that Jack Ma’s Ant Group is seeking a valuation of more than $200 billion as it goes public in Hong Kong and Shanghai. It could seek to raise more in its IPO than Saudi Aramco’s record $29 billion haul, according to a person familiar with the matter.

The significance of this deal is multifold:

It would be the biggest IPO ever on mainland exchanges, smashing the record $10 billion debut by Agriculture Bank of China in 2010.

It signifies the rise of New China in the form of private high-tech companies, as opposed to the Old China dominated by state-owned banks and energy giants.

And it lends much needed credibility to the Shanghai stock exchange’s STAR board, which is designed to harbor tech startups.

More importantly, the choice of Shanghai and Hong Kong for listing signals China’s deliberate efforts to reduce its reliance on the U.S. capital market for fund-raising amid the tension between the two countries. Already, Chinese and Hong Kong exchanges accommodated the world’s biggest four public listings this year, including Semiconductor Manufacturing International Corp. and JD.com.

https://www.zerohedge.com/markets/jack-mas-ant-ipo-signals-start-de-dollarization

Jack Ma’s Ant Group Fintech Firm Seeks Dual Listing Of IPOs On Hong Kong And China Exchanges

Ant Group owns the popular mobile-payments network Alipay which has 900 million users in China

Ant Group, which owns the popular mobile-payments network Alipay

Alibaba currently owns about a33%stake in Ant Group

https://www.ibtimes.com/jack-mas-ant-group-fintech-firm-seeks-dual-listing-ipos-hong-kong-china-exchanges-3014214

Jack Ma receives honorable doctoral degree at Tel Aviv University in Israel

2018-05-04

http://www.xinhuanet.com/english/2018-05/04/c_137156341.htm

Chicago Mayor: Police Union Head ‘Unhinged’ and Trying to Get Attention with Position on Federal Help

On Monday’s broadcast of MSNBC’s “the ReidOut,” Chicago Mayor Lori Lightfoot (D) vowed that she will “use every tool” she has to prevent the federal government from having federal law enforcement officials operating in Chicago the way they have in Portland and criticized the local Fraternal Order of Police leader as “unhinged” and hungry for attention for his stance on the issue.

Lightfoot said, “Well, first of all, as a former federal prosecutor, I know that if resources are brought in to augment existing federal infrastructure under the control and direction of a local U.S. attorney, there might be a value add. But look at what’s happened in Portland. What we have there is no advance notice to the local authorities, no notice to the local U.S. attorneys’ office, and having these armed, camouflaged individuals, with no insignia on, no nameplates, grabbing people off the street. That’s unconstitutional. So, our democracy is at stake, and I’ll be darned if I’m going to let anybody, even if their name is Mr. President, bring those kind of troops to our city and try to take off our residents. That’s not going to happen in Chicago, and if they try it, I’m going to use every tool at my disposal to stop them.”

She added, “We’ve got an unhinged leader of the Fraternal Order of Police, who is craven in trying to get — generate attention. Now, he has asked for that. But reasonable, local police officials, including our superintendent, know that this is a dangerous road for us to go down. We’re not going to have people that don’t know our streets, don’t know our neighborhoods, and then are engaging in clearly unconstitutional conduct, operating at will in our city. That is chaos. That is lawlessness.”

https://www.breitbart.com/clips/2020/07/20/chicago-mayor-police-union-head-unhinged-and-trying-to-get-attention-with-position-on-federal-help/

Flaw in Manufacturer’s Testing System For Coronavirus Used by Labs Across the US Causing False Positives

A flaw in a manufacturer’s Coronavirus testing system used by labs across the US are causing false positives.

Department of Public Health scientists in Connecticut discovered the flaw in the testing system manufactured by Thermo Fisher Scientific.

According to DPH scientists, the affected patients were tested between July 15 to July 17 and out of a total of 144 ‘positive’ tests, 90 were false positives!

This is just the tip of the iceberg.

The Associated Press reported:

Scientists at Connecticut’s public health laboratory say they’ve discovered a flaw in a manufacturer’s testing system for the coronavirus that’s used by labs around the country. So far, it’s resulted in 90 people – mostly residents of Connecticut nursing homes and assisted living facilities – recently receiving false positive tests.

State public health officials are now reviewing whether nursing home residents who received false positive tests were grouped with other residents with accurate positive tests, given the state’s recommendation to cohort nursing home residents who test positive for COVID-19.

“We don’t know that yet,” said Josh Geballe, Gov. Ned Lamont’s chief operating officer, noting that a team from the state’s Department of Public Health has been reaching out to every clinician responsible for those individuals, as well as the facilities where they live, and compiling data on the situation.

Meanwhile, Dr. Deidre S. Gifford, the state’s acting public health commissioner, said her agency is also reaching out to labs throughout the state to see how many of them use the testing platform manufactured by Thermo Fisher Scientific.

The Democrat-media complex has been pushing new COVID-19 panic porn by reporting on so-called ‘spikes’ in cases, but numerous reports show positivity rates are skewed.

Last week FOX 35 investigated and found out that countless labs were reporting 100% COVID positivity rates.

Most Florida labs have not reported any negative test result data to the state!

For example, one lab in Orlando, Centra Care, reported that 83 people were tested for COVID and ALL tested positive — this is IMPOSSIBLE!

https://www.thewesterlysun.com/news/covid-19/connecticut-says-it-found-testing-flaw-90-false-positives/article_91811362-a9b3-53ab-9485-00067ce9e0d5.html

https://www.thegatewaypundit.com/2020/07/flaw-manufacturers-testing-system-coronavirus-used-labs-across-us-causing-false-positives/

California: ‘Mr. Rape, Torture, Kill’ Sex Offender Freed from Mental Hospital

California state officials have freed a sex offender considered “dangerous” from a mental hospital where he spent more than 20 years there in confinement.

Cary Jay Smith, 59 years old, was released from the Coalinga State Hospital this month after being in state custody since 1999. Smith was originally placed in state custody after his wife provided evidence of her husband’s intentions to sexually abuse a seven-year-old boy in their Costa Mesa neighborhood.

During hearings every six years, Smith has said that he goes by the name “Mr. RTK,” which stands for “Mr. Rape, Torture, Kill” and has claimed to have murdered three boys and sexually abused 200 others. Smith has said he fantasizes about raping and killing boys.

“Smith, an unstable individual, has openly made threats to rape and murder children and has stated that he would re-offend upon his release,” Orange County Board of Supervisors Chairwoman Michelle Steel said in a statement.

“The fact that he is being released back into our community is unconscionable,” Steel said. “We must take this threat to our community very seriously and ensure that everyone in Orange County is aware of this individual’s grave threat to our children.”

In 2002, the Orange County District Attorney’s Office planned to prosecute Smith on 20 felony counts of child sexual abuse. The case was dropped due to the statute of limitations. In 1985, Smith pleaded guilty to a misdemeanor sexual offense involving a child.

Smith has not had to register as a sex offender since 2005. The convicted sex offender is now reported to be traveling to San Diego County after stopping in the Corona and Lake Elsinore areas of California.

Most recently, California officials said they are ready to release about 8,000 more inmates from state prisons in order to abide by social distancing standards. Already, about 10,000 inmates have been released from law enforcement custody in the state.

In the most famous case thus far, inmates in Los Angeles were recorded on prison surveillance attempting to spread the coronavirus between each other by drinking from the same water bottles and sniffing face masks. The inmates, the sheriff said at the time, believed that they would be released if the coronavirus spread throughout the prison.

https://www.breitbart.com/politics/2020/07/20/california-mr-rape-torture-kill-sex-offender-freed-from-mental-hospital/

>>10029590 sauce

The Department Of Justice Will Host a Virtual Press Conference Announcing Criminal Charges In a National Security Cyber Matter

https://www.justice.gov/usao-edwa/pr/department-justice-will-host-virtual-press-conference-announcing-criminal-charges

Italian police bust major ‘psycho-sect’ that practiced child sex abuse for over 30 YEARS

Police in Italy have raided what they called a “very powerful” sect, said to be entrenched in several cities across the country, which preyed on young women – many of whom were minors – subjecting them to sex abuse and torture.

The alleged sect was busted after a lengthy two-year probe into the cult’s activities, dubbed 'Operation Dionysus', Novara police said Monday. Law enforcement carried out dozens of searches across the country over the weekend, mainly in the cities of Italy’s north, including Novara, Milan, Genoa and Pavia.

The sect was led by a 77-year-old man from Novara, one of the cult’s victims told the police. While the identity of the sect leader has not been disclosed, police said that his followers were allowed to call him only “the Doctor” or plainly “Him,” and revered the man as a god of sorts. The cult’s top members referred to themselves as “beasts,” while potential recruits were seen as their “prey.”

The sect targeted primarily young women, including minors, and reportedly promised the “chosen ones” an entry into a “magical, fantastic and secret world” and the lighting of an “inner fire,” among other things, investigators said. In reality, however, all the ‘magic’ revolved around various sexual practices, often “extreme and painful,” as well as torture. The victims were forced to sever their ties with the outer world, becoming dependent on the sect and on “the Doctor” personally.

Footage recovered by the police from the cult’s archives shows topless members engaging in ritualistic dances.

The sect has had a large legal front, including several shops, a psychology center and even a publishing house, which allowed it to operate freely for years and to ensnare unsuspecting victims.

The brainwashed members worked at the sect’s legal establishments, and were required to ‘donate’ large sums of money to the organization. To make the whole scheme more profitable, the cult tried to recruit new members from wealthy families, police said.

The investigation has proven to be particularly difficult, police noted, as the organization was virtually “impenetrable,” with the sect members showing exceptional loyalty. Many of the cult members have suffered “persistent psychological damage,” and some even have had their mental abilities permanently impaired.

https://www.rt.com/news/495310-italy-child-abuse-sect/

'Lost her S**t': Kim Kardashian Threatens to Divorce Husband Kanye Over His Presidential Bid

Rapper and fashion designer Kanye West recently launched a surprise campaign for the 2020 presidential elections in November. During his first presidential campaign rally in South Carolina, West broke down while talking about how he wanted his wife Kim Kardashian to abort their baby North.

Kim Kardashian has demanded that husband Kanye West drop out of the 2020 US presidential election and threatened that she might consider divorce if he doesn't throw in the towel, sources revealed to The Sun.

Kim, 39, is allegedly upset over her husband’s explosive rant at his election rally in South Carolina on Sunday where he, in an hour-long rambling speech, said he wanted Kim to abort their oldest daughter North.

Kim and her star sisters were horrified to see Kayne without a mask at the rally amid the coronavirus pandemic and giving a long speech indoors. But the sources reveal that was "just the tip of the iceberg".

"She lost her s**t when she heard him discuss their decision to not get an abortion with North", a source informed the daily.

The rapper, who earlier said he has been diagnosed with bipolar disorder on Monday night claimed on Twitter that Kim tried to "lock me up with a doctor".

On 4 July, the hip-hop star announced his plans to run for the presidency. He has already missed several deadlines in various states to be listed on the presidential ballot, except for Oklahoma. He will be running against former Vice President Joe Biden and US President Donald Trump.

https://sputniknews.com/world/202007211079941063-lost-her-st-kim-kardashian-threatens-to-divorce-husband-kanye-over-his-presidential-bid/

Major League Baseball Defends Anthem Kneeling, Supports Black Lives Matter

Major League Baseball came out in defense of players who knelt during the national anthem on Monday evening, taking on critics and tweeting in support of the Black Lives Matter movement.

As Breitbart News reported, several members of the San Francisco Giants took a knee during the playing of the Star-Spangled Banner during a preseason game hosted by the Oakland Athletics before an empty stadium filled with cardboard cutouts.

The Giants proudly tweeted out the protest:

Amidst much criticism online, the league’s Twitter account began defending the protest and issued tweets in support of the Black Lives Matter movement.

The league is set to launch a 60-game season later this week, shortened because of the coronavirus pandemic. Games will be played before empty stadiums, and several rule changes have been adopted for players’ safety.

>>10029849

Kanye West’s public meltdown about Kim Kardashian and Kris Jenner

Kanye West is dropping a series of bombshells about his famous family on social media, publicly accusing them of trying to lock him up.

In a series of explosive tweets, Kanye West has accused his wife Kim Kardashian and mother-in-law Kris Jenner of trying to “lock him up”.

Kanye, who has bipolar disorder, sent a flurry of disturbing tweets from his ranch in Wyoming today.

In a since deleted tweet, he addressed his wife and mother-in-law directly, writing simply: “Kris and Kim, call me now” before posting a screenshot of a text message to Jenner, in which he accused her of “avoiding” his calls.

https://www.news.com.au/entertainment/celebrity-life/kim-kardashian-shocked-concerned-after-kanye-wests-campaign-rally/news-story/aa7a0c3de66a8f8351c9417bfa62c476

Australian MSM

>>10029969

all white backs kek