Another busy week, which has been par for the course throughout 2020. In today’s podcast we recap some of the economic data that made its way across the newswires. We also discuss the many distortionary effects that exist within the markets and how these relationships are likely going to be breaking down in the near future. Some other stories that we touched upon were the torrential rains and flooding that is taking place in China, some parts of India, and Bangladesh. With respect to China, if a major dam gives way due to the flooding, then some 40 million Chinese will be directly affected – this will make for international news and a major humanitarian crisis.
Lastly, we conclude with an update to the Jeffrey Epstein and Ghislaine Maxwell court cases. The pair, allegedly along with many other powerful people from around the world were involved in decades long sex trafficking ring(s). Epstein committed “suicide” last year while in a maximum security prison and Maxwell was recently apprehended by the FBI. Her trial date is set for next summer (if she can make it that long). There are also reports that a judge on the case has ordered that some sealed court documents are to be unsealed as early as next week. In it, there are supposedly a list of names that details who was involved in the sex trafficking ring in one form or another. These are likely going to be well known names in politics, business, and entertainment, so do not be surprised when the names drop, and hopefully this information is released. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Gold #Debt #Recession #Silver #Depression #USA #Liberty #Justice #Truth #Peace #Revolution
Where to even begin?…We have alleged sex trafficker, Jeffrey Epstein committing suicide while in a maximum security prison. Of course the suicide remains in question. This is likely the tip of the iceberg when it comes to many individuals soon to be prosecuted for sex trafficking and the like. The figures in Epstein’s social circle consists of politicians, business executives, and celebrities. It is not a far stretch to imagine that a few members of “high society” are also somehow involved. However, everyone is innocent until proven guilty in a court of law. Clearly, something is amiss when a high-profile inmate commits suicide, is killed, etc… The question is, who benefits from his death? It is in this question that answers will be found. In global markets, we continue to witness a sell-off in equities, a flight to “safe-have” government bonds, and precious metals. Global yields continue to make multi-year lows and even all-time lows depending on the nation and the duration. The spread between the 10 and 2 year US Treasury is at its tightest spread in years and is nearly inverted. The 3 month and 10 year has been inverted for some time, yet, once the 10 and 2 year inverts, it’s basically a foregone conclusion that the end of this record-breaking expansion is drawing near. Protests continue in Hong Kong, leading authorities to shut down all out going air travel. This will be the 11th week of protests amid growing concerns that mainland China is seeking to exert more control over Hong Kong. This simply adds to the global uncertainty and may serve as another piece on the geopolitical chessboard, especially regarding the US-China trade war. Also, there was a surprise upset in the Argentinian elections – the market sold off 48% and the peso is trading at record lows against the US dollar. All corners of the globe are on edge and the bigger the bubble, the less the pressure that is needed to cause its bursting. Stay diversified, stay vigilant, and stay with The Kapital News. #Epstein #Justice #WakeUpAmerica #Economy #Politics #Investing #HongKong #Peace
Ep. 94A - Mid-East Tensions Rising + Sex Trafficking
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Escalation of both rhetoric and actions continues from Washington and Tehran. From oil tanker seizures to breaching uranium enrichment thresholds, both sides are digging in with little signs of abating. The global game of poker amongst and between “strong-men” continues and let us hope that bluffs do not cause another war. #Peace #NoWar
In other news, we have financier Jeffrey Epstein arrested once again and charged with sex trafficking crimes. He was shielded from federal prosecution back in 2008, but other charges are surfacing. The Kapital News has been discussing this issue for the past several months and we continue to believe that this is only the tip of the iceberg. We imagine many more well-known figures will be implicated throughout this and other investigations. Sex and human trafficking amounts to modern-day slavery and it needs to be eradicated. Was 2008 yet another case of our two-tiered justice system, with a prime example of the wealthy “walking?” Or is there more to it? Stay tuned.
