by Harvey Organ, Harvey Organ Blog:
DOW REVERSES COURSE DOWN 174 POINTS//GOLD UP $2.90 BUT SILVER THE STAR, UP 20 CENTS/A HONG KONG CITIZEN AND A BRITISH EMBASSY EMPLOYEE DETAINED IN SHENZHEN AND HIS WHEREABOUTS ARE UNKNOWN..A POTENTIAL POWDER KEG!// ITALY’S CONTE RESIGNS AND NOW THE PRESIDENT WILL CALL ON NEW ELECTIONS AS THE FUN BEGINS IN ITALY//AMAZING: MISS NEVADA NOT ALLOWED TO COMPETE IN THIS YEAR’S MISS AMERICA CONTEST BECAUSE OF HER PRO TRUMP VIEWS
by Mish Shedlock, The Maven:
Odd Couple Fails
Italy’s “odd couple” government, an alliance between Left-wing M5S party and the Right-Wing League party collapsed today.
The collapse was long in the making as the only thing the parties had in common was an anti-immigration stance. At the time the coalition formed, the Five Star Movement (M5S) was the senior party with the League (previously the Northern League) as the junior party.
by Jason Ditz, The Anti Media:
Throughout August, one of the most persistent stories has been the claim that ISIS is making a substantial recovery in Iraq and Syria, a claim based on a single Pentagon report which implied only that this might potentially be the case.
The Pentagon clearly wants this to be true, because they are using it to spin a US military withdrawal from Syria as dangerous. Even though that withdrawal never happened in the first place, this narrative has refused to die, and the New York Times is against claiming ISIS is “regaining” strength, in its top story, as though it’s an absolute fact.
by Ravie Lakshmanan, The Next Web:
Twitter has caught itself in a propaganda war after it was found running ads from China’s state-backed media outlet Xinhua News attacking Hong Kong protesters.
The promoted tweets — which were captured on social bookmarking site Pinboard— delve into how the escalating violence in the territory has “taken a heavy toll on social order,” while some others were about Hong Kong citizens allegedly calling China is “our motherland.”
by Wolf Richter, Wolf Street:
HSBC’s pleas of innocence have won little sympathy in Beijing.
Global banking behemoth HSBC has found itself on the back foot in recent months in its most important market, Hong Kong and China. The unexpected departure of three senior executives within a week, including its CEO and the head of key China business, sparked a broad sell-off of its shares, which are down 13% in just three weeks.
from Grant Williams:
by Harvey Organ, Harvey Organ Blog:
JACKSON HOLE MEETING THIS FRIDAY AND THUS A REASON TO WHACK THE PRECIOUS METALS: GOLD DOWN $11.20 TO $1502.00//SILVER DOWN 21 CENTS TO $16.96//MORE PROTESTS THIS WEEKEND IN HONG KONG//INVESTORS ARE TAKING THEIR CASH OUT OF HONG KONG//CASS FREIGHT INDEX DOWN FOR 8TH STRAIGHT MONTH//IRANIAN OIL CARGO SHIP SET FREE IN GIBRALTAR//MORE EPSTEIN STORIES FOR YOU TONIGHT AS WELL AS OTHER SWAMP STORIES
by Stephen Green, PJ Media:
Breaking news from Russia’s frozen Northwest, where a total of four nuclear-monitoring stations have been silenced. The Wall Street Journal says that’s twice as many as last week, “heightening concerns among observers that Russia is trying to hide evidence from an explosion at a missile-test site this month.”
Some background.
Russia has been developing a nuclear-powered cruise missile, the 9M730 Burevestnik or “Petrel” missile. To be clear, that’s a missile powered by nuclear fission, not a missile “merely” carrying a nuclear warhead. On August 8, it’s believed that a Petrel exploded during testing, killing five employees of Rosatom, Russia’s state-owned nuclear energy producer. Three others were injured. That we know of.
from Sputnik News:
On Saturday, Reuters reported that the US Commerce Department was looking to extend its waiver for Huawei for another 90 days, allowing the Chinese tech giant to purchase technology from American enterprises.
US Commerce Secretary Wilbur Ross said on Monday that the US is giving the Chinese tech giant Huawei another ninety days to purchase components from American suppliers.
from ZeroHedge:
It’s bad enough that drought-like conditions and rapid population growth have stoked a shortage of water and other vital resources in Ghana, a country that boasts one of the fastest growing economies on Earth (if it is still poor). But a banking crisis is just now roiling the country’s economy, and has wiped out $1.6 billion.
One couple, two of some 70,000 investors who were impacted by the shuttering of some 23 savings and loan companies – about one-third of banks in the country – and a run on the country’s asset managers, described to Bloomberg how they deposited money in a short-term investment product, intended to help save money for the wife to finish her economic Phd., only to discover they may never get the money.
from True Pundit:
MEYREUIL, France—Ghislaine Maxwell, 57, comes from a family by turns brilliant and accomplished, deceptive and doomed. Her backstory is full of sex and science, money and magical illusions. And today she is the world’s most wanted woman—at least by the media and Jeffrey Epstein’s victims.
