💸📈 Central banks rush to gold as fears of US dollar crisis mount
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion
https://www.scmp.com/opinion/world-opinion/article/3315943/central-banks-rush-gold-fears-us-dollar-crisis-mount
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion
https://www.scmp.com/opinion/world-opinion/article/3315943/central-banks-rush-gold-fears-us-dollar-crisis-mount
South China Morning Post
Macroscope | Central banks rush to gold as fears of US dollar crisis mount
Central bank gold holdings are now back to where they were in the 1960s, before gold went out of official fashion.
The mayor of Gelnhausen, Christian Litzinger, rather than come to the defense of the young girls, took the side of the migrants and excused their behaviour as the result of the "hot temperatures" during that day which "led their tempers to flare up".
In 2024 the German police in the city of Cologne/Köln released a poster warning against the danger of swimming pool gropers depicting a brown/Middle Eastern woman being groped by a White/German male, in response to other groping incidents.
@CIG_telegram
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This was also the second-worst May on record and the 4th consecutive monthly YoY decline.
This comes as persistently high mortgage rates continue to hit housing demand.
Meanwhile, the median home sales prices rose +1.3% YoY last month, to $422,800, the highest for any May on record.
Prices have now risen 51% since the beginning of the 2020 pandemic.
Housing affordability is somehow still getting worse.
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The incident happened in Toruń, Kuyavian–Pomeranian Voivodeship, a city of under 200k people.
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/CIG/ Telegram | Counter Intelligence Global
📝🇪🇺 Philippe Lemoine on X: Do you remember the headline about how the EU had agreed on a plan to spend 800 billion euros more on defense? A document that was published today by Von der Leyen's office (https://ec.europa.eu/commission/presscorner/detail/sv…
Presented a few months ago by Ursula von der Leyen as the EU's initiative to secure "independence" from American military protection, the EU's plan to "spend" 800 billion EURs on building up the European defense industry and its armies, will actually be used to fund all sorts of unrelated projects.
The European Commission will claim "success" a few years from now after the funds will have dried up but in reality the EU defense industry will be just as it was before or slightly improved.
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According to Brown University’s Costs of War project, Washington has shouldered 70% of Israel’s military costs since Oct 7, 2023. That includes $17.9 B in direct aid, $4.86 B in Pentagon regional ops, $20.3 B in deferred arms deals, and billions more in shipping losses, stockpile transfers, and corporate handouts.
Since 1948 the United States has pumped $317 B into Israel, including $251.2 B in military aid since 1959; that torrent began with the first Pentagon loan in 1959, switched to grants in 1974, became 100% grants in 1985, and now flows automatically as a $3.8 B lump-sum every Oct 1 plus a $500 M missile-defense kicker under the 2019-2028 MOU, money on which Israel pockets the interest because Washington lets it sit in a Fed account. Even so, FY-2024 set a new single-year record: $17.9 B, dwarfing the 1973 and 1978 surges and landing entirely on U.S. taxpayers.
That FY-2024 fire-hose breaks down as $6.8 B Foreign Military Financing, $4.5 B for Iron Dome and David’s Sling reloads, $1.2 B for the Iron Beam laser, $1 B to crank out more 155 mm shells in U.S. factories, and $4.4 B to refill Pentagon stockpiles stripped for Israeli use, again, $17.9 B in 11 months. The administration also slid at least 100 separate weapons deals under congressional reporting thresholds to keep the true cost opaque.
On 8-13-2024 Washington promised another $20.3 B: 50 F-15EX fighters priced at $18.8 B for delivery in 2029, 32 000 120 mm tank rounds at $774 M, $583 M in tactical vehicles, 30 AMRAAMs at $102 M, and 50 000 mortar bombs at $61 M, all deferred to future U.S. budgets via Israel’s “cash-flow” privilege.
Meanwhile the money flows back to the usual corporate feeders. 60 % of the $14 B April supplemental, $8.4 B, went straight to U.S. arms firms. Boeing’s defense arm booked $8 B in Q4-2023 orders, 36 % of its annual revenue. The Financial Times projects $52 B in free cash flow for the top-15 defense contractors in 2026, $26 B pocketed by the U.S. “big five,” cash they historically plow into buybacks and dividends. Israel still may divert 25 % of each yearly grant, $950 M this cycle, to its own industry before that carve-out expires in 2028.
Add it up and the past 12 months have drained $17.9 B in direct aid, $20.3 B in new contractual obligations, $4.86 B (and climbing) in Pentagon regional costs, and $2.1 B in trade losses, a $45.16 B extraction. That works out to $124 M every day, $1.5 M every hour, funneled from American households to a foreign military and a handful of weapons conglomerates that treat the U.S. Treasury like an open vein.
🧵 Thomas Keith
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Israel is pushing for assurances that any talks will ultimately lead to a normalization of ties, a senior Israeli official told Axios.
https://axios.com/2025/06/30/trump-syria-sanctions-israel-deal
🔗 Faytuks News
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🗼🇸🇪 Cell towers can be used as a radar system.
Cell towers facing Kaliningrad from southeast Sweden are being sabotaged.
https://spectrum.ieee.org/cell-tower-signals-can-improve-port-security
🔗 auonsson
Cell towers facing Kaliningrad from southeast Sweden are being sabotaged.
https://spectrum.ieee.org/cell-tower-signals-can-improve-port-security
🔗 auonsson
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🔗 Disclose
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🔗 AF Post
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🔗 Charles Lister
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🔗 Disclose
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💸📉 US dollar has worst first half in more than 50 years amid Trump tariffs
Currency sold off due to concerns economic policies threaten safe-haven role of US dollar-denominated assets
https://www.nytimes.com/2025/06/30/business/dollar-decline-trump.html
Currency sold off due to concerns economic policies threaten safe-haven role of US dollar-denominated assets
https://www.nytimes.com/2025/06/30/business/dollar-decline-trump.html
Nytimes
The Dollar Has Its Worst Start to a Year Since 1973
It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.
According to latest balance of payments data released by the Reserve Bank of India, gross inward remittances by overseas Indians, as reflected in ‘private transfers', were 14% higher from the previous year.
India has been the biggest recipient of diaspora remittances for more than a decade now. The inflows have more than doubled in eight years — from $61 billion in 2016-17.
RBI data show that remittances accounted for over 10 % of the gross current account inflows of $1 trillion during the fiscal year ended March 31.
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Forwarded from Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸
🇺🇸🇮🇷🇮🇱⚡- Over the past few months Israeli officials deliberately leaked reports on a split between Netanyahu and Trump, and that Israel would wait for the US-Iran diplomacy to play out before any attack.
They successfully implanted the idea in Iran's mind that Israel would never strike without explicit US authorization, and Iran fell for it, according to a report by the Wall Street Journal.
They successfully implanted the idea in Iran's mind that Israel would never strike without explicit US authorization, and Iran fell for it, according to a report by the Wall Street Journal.
If, on paper, Germany is deporting a few thousand migrants/month, Germany isn't deporting them to their home countries, it is deporting them to other European countries, Poland, Serbia, Bulgaria, Romania under new EU rules which say that member states must carry and equal burden of housing these migrants.
It also doesn't help that other EU-affiliated bodies like the Council of Europe and the European Court of Human Rights prevent any deportation even in cases like the Italy-Albania deal where migrants would have been shipped to modern facilities built outside of the EU on Albanian territory, far away from any danger.
With this mobilization from Polish nationalists, the liberal pro-EU premier, Donald Tusk, caved in and reintroduced border controls with Germany and Lithuania to stop the flow of migrants which are quickly transforming Polish cities into dangerous places to live in just like in Western Europe.
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