“We are already in a civil war across the U.S.,” says our first contributor.
“Just like the Civil War of 1860-1865, the actual war started much earlier; today we have ANTIFA and others committing acts of violence and disruption of government across the U.S.
“Toss in a recession and both extremes of the two major political parties will blame each other with such virulence and hateful rhetoric that people will simply stop even considering civil discourse as a means to a common end.
“It’s just a matter of time — maybe a decade or less — before the shooting of politicians and radicals begins.”
And a reader weighs in on yesterday’s missive about what/who’s to blame for American tragedies:
“In terms of ‘social calamities,’ I’ve heard varying contributing factors. Violent video games and movies being two of the biggest.
“The thing is I’m not certain we really have more mass shootings.
“I’m a mathematician and taught two statistics classes. Basically, I’ve learned that if a statistician has enough data, he can prove whatever he wants to prove.
“Shootings are more reported than they used to be, and I think that’s skewed the count of calamities.”
Numbers never lie. Only the people who use them, so they say.
Your Rundown for Friday, Oct. 11, 2019:
Venezuela’s Gold Caper
According to Bloomberg: “Earlier this year, the Bank of England denied a request from the Maduro regime to withdraw its gold stored there….
“The decision came after top U.S. officials lobbied their U.K. counterparts to help cut off Maduro from overseas assets.”
But to endrun sanctions, Venezuelan officials took a meeting on Aug. 7 with U.K. national Charles Vincent who represents Swiss firm Pipaud & Partners Sarl.
Mr. Vincent laid out a plan for his firm to persuade English officials to release Venezuela’s gold; Vincent said he already had an Austrian bank at the ready to purchase the gold for $1 billion — at a 30% discount, of course.
“Vincent would collect a portion of the gap between the gold’s commercial value and the amount that Venezuela would get,” Bloomberg says.
And Vincent was replete with Plan Bs, some involved a Czech bank, the Central Bank of Spain and a Singapore bank that would help Venezuela issue $5-billion worth of bonds.
Here’s the rub: Vincent and his firm ghosted Venezuela; the addresses and phone numbers he provided turned out to be dead ends.
All of this just underscores how desperate the South American country really is. Bloomberg concludes: “For now the Maduro administration is left struggling to find the dollars it needs for the economy to operate.”
Market Rundown for Fri. October 11, 2019
S&P 500 futures are
S&P 500 futures are up 50 points to 2,988.
Oil is up 1.4% to $54.31 after missiles struck an Iranian oil tanker in the Red Sea last night.
Gold is down 1% to $1,487.30.
Bitcoin is down nearly 2% to $8,340 as we write today.
For the Rundown,