Monday is Judgement day for the blokes at the City of London.The...

Monday is Judgement day for the blokes at the City of London.
The same guys who plotted the financialisation and deindustrialisation of the West and pioneered the setting up of Cayman Islands type tax havens.
30 million of the UK's 66 million population are receiving the pension.
The bulk of them on boomer gold plated db PS pensions.
No wonder the funds are leveraged to the hilt.
This time it won't be investment banks going bust but entire economies in Europe slipping into third world status

Signs of liquidity stress are appearing everywhere.
Paypal apparently are witholding payments and freezing accounts of merchants on flimsy grounds.
Mr Musk is shaking down the Pentagon to bankroll his Starlink satellite based broadband internet which services the Ukrainian govt and military.
They use it extensively for communication and recalibrating artillery.
Without it they are sitting ducks.
The Russians have used high powered lasers to knock out a few of the low orbit satellites and the system crashed a few times last fortnight
Musk has now reportedly rung Putin directly and offered to withdraw Starlink from Ukraine.

In a low tech artillery war Ukraine is running out of munitions and pleaded with the US for urgent supplies.
Old Joe promised to ramp up production to 36,000 per month of 155 mm howitzer shells - in three years time.
Meantime the Russians are receiving a million shells a month courtesy the Chinese industrial base albeit with "Made in North Korea" markings.
Give us more deindustrialisation and financialisation.
After US treasuries gold is the most liquid asset with the deepest market and both are being sold down in the thirst for liquidity.

I attribute the silence on the part of the management to an internal debate about the merits of the TAFTA award versus restart of the mine.
The nature of the junta beast is that it brooks no opposition and is vindictive.
KCN management has challenged and humiliated it.
When an opportune moment arrives they will strike back.
It would be reckless and irresponsible of management to restart the mine without cast iron guarantees.
1 billion USD in liquidity would present plenty of other opportunities.