Anonymous ID: 5a5159 Aug. 8, 2020, 7:49 a.m. No.10223059   🗄️.is 🔗kun

Bullion Banks Have "No Way Out" From Big Gold Shorts

 

We appear to be witnessing the early stages of a breakdown in the paper gold markets on Comex and in London, brought forward by central banks committed to accelerating their inflationary policies in an act of macroeconomic desperation to save their government finances and their economies. The method employed is a dead ringer for an earlier experiment in France exactly three hundred years ago when John Law’s Mississippi bubble imploded, destroying his currency, the livre.

 

If you bind the fate of financial assets to that of your fiat currency, as John Law did, and which is now the policy of the Federal Reserve, when the bubble pops the currency goes pop as well. This outcome is so obvious that the smart money is now getting out of fiat and into physical gold and silver, as witnessed through deliveries on Comex active contract expiries and the disappearance of all physical liquidity in London.

 

This being the case, a gathering stampede out of paper currencies and derivative contracts into physical bullion has just started. Unless it is somehow stopped, it will destroy paper markets and with them the banks that have benefitted from them over the last forty years. The acceleration in the destruction of fiat money will gather pace in the next few months, and anyone who spouts macroeconomic nonsense instead of acting in the face of these developments will end up with nothing.

 

https://www.zerohedge.com/commodities/bullion-banks-have-no-way-out-big-gold-shorts

Anonymous ID: 5a5159 Aug. 8, 2020, 7:58 a.m. No.10223110   🗄️.is 🔗kun   >>3125 >>3143 >>3293 >>3424

>>10222825

 

Feds Uncover "Most Sophisticated Tunnel In US History" Along Southern Border

 

Special agents with Homeland Security Investigations (HSI) have uncovered an incomplete drug smuggling tunnel stretching from Arizona to Mexico, reported AZ Family.

 

Agents are calling the tunnel "the most sophisticated [drug] tunnel in U.S. history" after finding a rail cart system, ventilation ducts, electrical wiring, and water lines, along with extensive wall reinforcements.

 

"This appears to be the most sophisticated tunnel in U.S. history, and certainly the most sophisticated I've seen in my career," said Carl E. Landrum, acting chief patrol agent with the Border Patrol's Yuma Sector.

 

The tunnel is 3 feet wide and 4 feet high and runs from a Mexican neighborhood to San Luis, Arizona.

 

"Homeland Security Investigations and our esteemed law enforcement partners swiftly and effectively worked together to uncover and dismantle a cross-border tunnel for smuggling purposes into the United States," said Scott Brown, HSI special agent in charge in Phoenix.

 

.@DHSgov along with @CBPArizona 's #Yuma Sector are investigating a cross-border tunnel discovered near a residential area of San Luis, less than 600ft from the U.S.-Mexico border.

 

Story: https://t.co/TxCuZ579CO pic.twitter.com/g446cGtCrx

— Brandon Mejia (@Brandon_MejiaTV) August 7, 2020

Brown said, "despite the international pandemic, HSI and our law enforcement colleagues remain resilient and committed to pursuing dangerous criminal trans-border smuggling activities along the southwest border."

 

The tunnel was discovered in mid-July when U.S. Border Patrol agents found a sinkhole near the U.S.-Mexico border. HSI was called in to investigate, and that was when they found the tunnel

 

https://www.zerohedge.com/political/feds-uncover-most-sophisticated-tunnel-us-history-along-border