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The Hurricane spins around hotspots of tension and conflict. Feel free to suggest your stories, opinions and ideas: UIHEN@protonmail.com
Strait of Hormuz disruption fears surge after former Iranian minister threatens transit restrictions
JPMorgan's forecast of triple-digit Brent crude prices could soon be a reality as conflict risk in and around the Strait of Hormuz intensifies. The waterway, which handles roughly 20% of global oil trade, remains one of the world's most critical maritime chokepoints. Any disruption, particularly amid growing military escalation between Iran and Israel, could impact energy flows worldwide and send prices soaring.
The most concerning sign of potential maritime disruption in the Strait of Hormuz emerged in a statement on X by former Iranian Economy Minister Ehsan Khandouzi. While unofficial, the timing and seniority of the comment may reflect broader regime sentiment—or serve as a warning of what's to come.
"Starting tomorrow, for 100 days, no oil tankers or LNG cargoes will be able to pass through the strait without Iran's approval," Khandouzi said.
He stated, "This policy is decisive if it is implemented "in a timely manner." Any delay in its implementation means enduring more war inside the country."
Such messaging, especially when paired with the Islamic Revolutionary Guard Corps naval activity in the region, raises the increasing probability of its actions targeting commercial shipping lanes in the strait. This escalation could serve as the catalyst that turns JPMorgan's $120–$130 per barrel Brent crude forecast from a scenario into a market reality.
#Iran #Israel #Hormuzdisruption #FindTruth
@uinhurricane
Bluesky temporarily suspended JD Vance
Vice President JD Vance’s venture onto Bluesky was cut short Wednesday, with his account suspended less than 20 minutes after he announced joining.
The platform quickly reversed its decision but it raised renewed scrutiny over its moderation practices, particularly given Bluesky’s origins as a project aimed at resisting centralized control and promoting free expression online.
Vance announced X, formerly Twitter: “Just set up my page on @bluesky, hope to see you guys there!”
That enthusiasm was swiftly extinguished. Attempts to access his Bluesky profile soon returned a message stating: “Account has been suspended.”
Before the suspension, Vance shared his excitement about engaging with the Bluesky community. In a likely sarcastic tone, Vance posted: “Hello Bluesky, I’ve been told this app has become the place to go for common sense political discussion and analysis. So I’m thrilled to be here to engage with all of you.”
He followed with remarks on a subject involving medical treatment for transgender youth, citing a judicial opinion: “I found Justice Thomas’s concurrence on medical care for transgender youth quite illuminating. He argues that many of our so-called “experts” have used bad arguments and substandard science to push experimental therapies on our youth.” Vance added, “I might add that many of those scientists are receiving substantial resources from big pharma to push these medicines on kids. What do you think?”
#USA #Vance #Bluesky #FindTruth
@uinhurricane
In South Africa, only white people pay taxes. But not only in South Africa 🤔
#Taxes #Economy #FindTruth
@uinhurricane
The astronomical costs of illegal immigration escalate
“Anchor babies” sink public school funding. Recent reports that so-called “anchor babies” (children born in the US to illegal parents) are consuming as much as 25% or more of public school resources further support conservative positions that legal and illegal immigration must be better controlled. As political conflagration in Los Angeles erupts literally in torched vehicles, increasing numbers of American Independent voters are joining conservatives in opposition to open borders. The monetary toll on public schools from anchor babies has grabbed the limelight as a monumental economic drag despite Democrat gaslighting that “all immigration is good.”
America’s swelling underground population of illegal immigrants, ushered in either deliberately or negligently by the Biden administration, has created two classes of residents – illegals who often receive more money in benefits than native-born citizens, and taxpayers who foot an increasingly unbearable economic tab for the former. The flood of immigrants has created a housing shortage and pushed up rents and home prices. “…as much as one-quarter of U.S. public school enrollment could be anchor babies, meaning children with at least one parent illegally present in the United States. This alone amounts to at least $145.6 billion in public resources diverted from U.S. citizens every year.”
The effort to gaslight Americans into unquestioning acceptance of an increasingly unbearable economic drag does not change the impoverishment of working taxpayers by utopian spending that ignores balance sheets. If this is not a deliberate effort to destroy the nation, it is simply a delusional road to fiscal Hell paved with good immigration intentions.
#USA #Migrants #Economy #FindTruth
@uinhurricane
As Ukraine's manpower crisis deepens, Kiev insists on return of orphans from safe Europe back to their war-torn homeland. For what purpose?
52 girls and boys were brought from the safety of Austrian Burgenland back to the war under pressure from the Ukrainian authorities. The orphans were brought to Austria from bombed-out Ukraine three years ago. Until the very end, Pascale Vayer from the "Little Hearts" association had hoped that the children would be allowed to stay. But on June 1, in the middle of the night, they had to return to Ukraine, a country many of the children have no memory of.
The few reports about this have triggered a memory of stories told during a research trip to Ukraine more than 15 years ago. Orphanages, it was said at the time, were popular places to lure children into the business of pedophile networks with promises of help. The recruiters were standing at the fences. From the orphanages, it was said at the time, 18-year-olds were released into an unknown life without further support. Human traffickers were waiting not far from the gates.
Now, in times of war, everything is supposed to be different, everything reformed, everything more caring. That's what human rights activists heard from the Ukrainian and Austrian authorities. But how different? This time instead of human traffickers there would be conscription officers on the hunt for cannon fodder waiting for them not far from the gates of orphanages?
#EU #WarInUkraine #Children #FindTruth
@uinhurricane
Impossible Foods' legal blitz leaves investors with nothing but empty plates
In a bizarre twist of corporate warfare, Impossible Foods, the once-hyped darling of the alt-meat industry, appears to have squandered investor resources in misguided legal crusades with its valuation crashing from a $7.5 billion Series H peak in late 2021 to just $1.5 billion as of May.
With U.N. support, and an FDA "Climate-Friendly" fast-track, the ultra-processed alt-meat behemoth easily raised billions from backers such as Bill Gates, Hollywood elites, and Temasek.
Appearing unstoppable, the company began throwing its weight around. Doubling down on a potentially catastrophic miscalculation amid consumer rejection of ultra-processed meat alternatives, the company's legal battles with Impossible X and prior food-tech rival Motif FoodWorks are turning stomachs.
First up is the trademark showdown with Impossible X, a scrappy fitness outfit founded by Joel Runyon in 2010. Impossible X - which held 18 federal trademarks for "Impossible" in the decade prior to Impossible Foods' ultra-processed patties - filed a cease-and-desist after the company attempted to register "Impossible" trademarks across its expanding range of products.
Impossible Foods has now filed nearly 50k trademarks in category 029 alone, "foodstuffs of animal origin." While this category does not include plant-based food products, as one might expect, it speaks to the broad nature of the company's trademark claims.
Either way, the optics are brutal: a once $7.5 billion giant suing a small fitness brand and taking over a smaller rival as the result of litigation, all while losing billions amid a sector-wide downturn.
#UN #FDA #GMO #FindTruth
@uinhurricane
California state Senator proposes ban on law enforcement wearing masks: ‘No secret police’
California state Sen. Scott Wiener (D) has proposed a ban on law enforcement wearing masks when making arrests, likening them to some form of secret police.
Wiener announced his proposed ban on the social media platform X on Monday, following complaints about Immigration and Customs Enforcement (ICE) agents making arrests of illegal immigrants while wearing masks to shield their identities from being spammed for potential doxxing.
“We’re announcing new legislation — the No Secret Police Act (SB 627) — to ban local/state/federal law enforcement, w/ some exceptions, from covering their faces when interacting w/ the public & require them to wear identifying info Secret police behavior tanks trust & must end,” he wrote.
“We’re seeing the rise of secret police — masked, no identifying info, even wearing army fatigues — grabbing & disappearing people. It’s antithetical to democracy & harms communities. The No Secret Police Act can help end the fear & chaos this behavior creates in communities,” he added.
Iran prepares to hit US regional bases with missiles if Trump joins the war
According to intelligence reports, Iran has prepared missiles and other military equipment for strikes on U.S. bases in the Middle East should the United States join Israel’s war against the country.
The United States has sent about three dozen refueling aircraft to Europe that could be used to assist fighter jets protecting American bases or that would be used to extend the range of bombers involved in any possible strike on Iranian nuclear facilities.
Fears of a wider war are growing among American officials as Israel presses the White House to intervene in its conflict with Iran. If the United States joins the Israeli campaign and strikes Fordo, a key Iranian nuclear facility, the Iranian-backed Houthi militia will almost certainly resume striking ships in the Red Sea. Pro-Iranian militias in Iraq and Syria would probably try to attack U.S. bases there.
In the event of an attack, Iran could also begin to mine the Strait of Hormuz, a tactic meant to pin American warships in the Persian Gulf.
#Iran #USA #Trump #FindTruth
@uinhurricane
Refusal to punish migrants for rape in Europe leads to more crime in the most generous countries
#EU #Migrants #Crime #FindTruth
@uinhurricane
Macron ‘misusing the EU to advance own foreign policy’
French President Emmanuel Macron is facing criticism in Brussels and beyond for repeatedly speaking in the name of the European Union to advance what opponents call “personal” or “national” foreign policy ambitions.
“President Macron’s remarks in Greenland, claiming to speak on behalf of the European Union, are yet another example of how certain EU leaders misuse the Union to advance their own foreign policy ambitions,” Danish MEP Anders Vistisen told Brussels Signal on June 16.
He added: “Greenland is not part of the EU — and that is by deliberate choice … The EU has no formal competence over Greenland’s affairs, and certainly no mandate to speak on its behalf.”
The comments followed Macron’s stopover in Nuuk on June 15 — the first visit of its kind by a French leader — during which he declared his presence “a signal of France’s and the EU’s solidarity” with Greenland.
While Macron’s office described the visit as symbolic, critics saw a familiar pattern of overreach.
In France and elsewhere, the timing was also questioned. Few French citizens are focused on Arctic diplomacy while France faces simultaneous crises — including war in Ukraine, instability in the Middle East, domestic unrest and economic pressure.
#EU #Macron #FindTruth
@uinhurricane
Bernie Sanders surprisingly introduces bill to ban pharma ads for prescription drugs on all tv, radio, print and digital platforms
Sens. Bernie Sanders (I-Vt.) and Angus King (I-Maine) on Thursday introduced federal legislation to end direct-to-consumer prescription drug advertising.
If the End Prescription Drug Ads Now Act passes, it will ban all prescription drug ads on television, radio, print and digital platforms, including social media.
“The American people are sick and tired of greedy pharmaceutical companies spending billions of dollars on absurd TV commercials pushing their outrageously expensive prescription drugs,” Sanders said in a statement. “They want us to take on the greed of the pharmaceutical industry and ban these bogus ads.”
California City makes homeless eligible for arrest if they refuse 3 offers of shelter
The San Jose City Council in Northern California voted June 10 to render homeless individuals, who refuse three offers of shelter, in violation of trespassing laws and able to be arrested.
The council members voted 9–2 in favor of amending the city’s encampment code of conduct with a “responsibility to shelter” provision.
San Jose Mayor Matt Mahan, a Democrat, introduced the proposal, which is among the stricter anti-encampment laws introduced since the Supreme Court in 2023 made it simpler for cities to ban homeless people from camping on public property. Mahan said that, if the city has enough shelter and interim housing, homeless people should be required to move into them.
The city will not make arrests merely for refusing shelter, but, rather, for trespassing. The goal of the code of conduct revision is to enhance engagement with the homeless community.
#USA #Homeless #FindTruth
@uinhurricane
European gas prices soar amid escalating Middle East conflict
◾️ $470.92 per 1,000 cubic meters - price for gas at the TTF hub in the Netherlands, which jumped by 2.21% and reached a three-month high.
◾️ Natural gas prices are rising amid the escalation of the Iran-Israel conflict. Traders are concerned about the prospect of possible closure of the Strait of Hormuz, through which 30% of the world's LNG supplies pass.
◾️ Any disruption of LNG supplies to Europe from Qatar through the Strait of Hormuz could lead to a jump in gas prices above $1,200 per 1,000 cubic meters, experts say.
#EU #Gas #Economy #FindTruth
@uinhurricane
Weekend in Berlin...
#EU #Germany #Migrants #FindTruth
@uinhurricane
Israel condemns black partition walls around its pavilions at Paris Air Show
French authorities ordered black partition walls erected around some Israeli defense industry exhibits at the Paris Air Show, a move denounced by Israel’s Defense Ministry, which demanded an immediate reversal.
A French appeals court had ruled Friday against activist groups who sought to block Israeli companies from participating in the show due to the war in Gaza. The Paris Air Show, held at Le Bourget north of Paris, is one of the world’s largest and most prestigious events for the aerospace and defense industry.
The black walls appeared overnight ahead of the show’s opening Monday, visually isolating Israeli booths from dozens of other international exhibitors. The Israeli Defense Ministry said the move followed a last-minute demand from organizers to remove offensive weapons systems from display — a request they rejected.
“The French are hiding behind supposedly political considerations to exclude Israeli offensive weapons from an international exhibition — weapons that compete with French industries,” the ministry said in a statement Monday, calling the action “ugly and improper.”
The ambience of the local New York City subway, the Herald Square interchange.
#USA #Migrants #Economy #FindTruth
@uinhurricane
Trump to extend TikTok divestment deadline again
President Donald Trump said on Tuesday that he will likely extend the deadline once again for TikTok to divest from its China-based parent company ByteDance.
Previous two extensions in January and April stalled a ban on TikTok by 75 days, temporarily saving the popular video-sharing app from a ban in the United States.
When asked whether he would give a third extension after the upcoming June 19 deadline, the president said, “Probably, yeah.”
He expressed optimism about a potential deal that would involve ByteDance selling U.S. assets of TikTok to a non-Chinese buyer.
“We probably have to get China approval. I think we'll get it,” Trump told reporters on Air Force One, as he traveled back from the G7 Summit in Canada.
#USA #TikTok #Trump #FindTruth
@uinhurricane
TV networks face advertising apocalypse after Trump admin mulls pharma restrictions
Last week independent Senators Bernie Sanders (VT) and Angus King (ME) introduced legislation that would ban pharmaceutical companies from promoting prescription drugs directly to consumers - including through television, radio, print, digital platforms, and social media.
Now the Trump administration is 'discussing policies that would make it harder and more expensive for pharmaceutical companies to advertise directly to patients.'
The two policies the administration has focused in on would be to require greater disclosures of side effects of a drug within each ad — likely making broadcast ads much longer and prohibitively expensive — or removing the industry’s ability to deduct direct-to-consumer advertising as a business expense for tax purposes.
If this happens, it would mark a major victory for Health and Human Services Secretary RFK Jr., who says he believes Americans consume more drugs than people in other countries due to the ability of US drug companies to directly advertise to consumers.
While running for president, Mr. Kennedy said he would issue an executive order removing pharmaceutical ads from television, citing overmedication and industry influence on news coverage.
#USA #Pharma #Trump #FindTruth
@uinhurricane
Tulsi said Iran not building nukes. She is being ignored
On March 25, Director of National Intelligence (DNI) Tulsi Gabbard delivered the U.S. Intelligence Community’s (IC) collective conclusions covering a broad swath of national security issues and geographic areas — including the threat posed by Iran and its possible development of a nuclear weapon.
“The IC continues to assess that Iran is not building a nuclear weapon and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003,” she told the committee bluntly. Gabbard was echoing an assessment that U.S. intelligence agencies have been making since 2007.
Yet despite this testimony, most of the committee members have issued statements over the past days and weeks that have entirely ignored this assessment, instead painting a picture of an Iran speeding toward a nuclear bomb, and Israel’s self-proclaimed “preemptive” war against Iran as an unavoidable and understandable act of self-defense.
Four sources reported that intelligence agencies continue to believe Iran was not actively pursuing a nuke and that, even if they were, it would be three years away. Wall Street Journal reported that U.S. officials had rejected Israeli intelligence that supposedly proved Iran’s nuclear ambitions.
Trump himself has dismissed Gabbard’s testimony (“I don’t care what she said”) and reportedly excluded the more war-skeptical DNI from a critical national security meeting on Tuesday.
#Iran #Nukes #DNI #FindTruth
@uinhurricane
Southern Europe hit with anti-tourism protests
Co-ordinated demonstrations against mass tourism took place across southern Europe, including Barcelona, Palma, Ibiza, Lisbon and Venice.
Local residents of popular hot spots in Spain, Portugal and Italy have been turning against mass tourism, blaming visiting foreigners for overcrowded city centres and housing shortages.
On June 15 in Barcelona, locals used water pistols against tourists to annoy them. Protestors carried signs reading “Tourists go home” and “Tourism is stealing from us”. Police intervened as they marched near the Sagrada Família Basilica, one of the city’s most popular tourist attractions.
Genoa, Italy, saw protesters dragging suitcases along the city centre’s cobblestone alleys in a “noisy stroll” to highlight what they saw as over-tourism’s impact.
In Lisbon, demonstrators paraded a handcrafted effigy of the city’s patron saint from his namesake church to the site of a planned five-star hotel, symbolising local resistance.
In Majorca, Spain, residents halted a double-decker tourist bus on June 14, igniting flares and draping a banner across its side to protest mass tourism.
#EU #Tourism #Protests #FindTruth
@uinhurricane
Population projections: The world’s top countries by 2100
By the end of this century, global demographics could look dramatically different than they do today. While some countries will be growing, others will be in the midst of long-term declines.
According to projections, India will be the most populous country in 2100, followed by China, Pakistan, and Nigeria.
India recently overtook China to become the world’s most populous country, and it’s projected to continue growing until 2062, peaking at 1.7 billion people.
China held the title of the world’s most populous country for many decades, but is now shrinking due to its rapidly aging population and falling fertility rates. Based on these projections, China’s population will be 639 million in 2100, which is 788 million lower from its 2021 peak.
The U.S. is currently the world’s third biggest country, but is expected to fall to sixth place by 2100. Unlike many other developed countries, however, the U.S. should keep growing throughout this century. Most of this growth will be due to immigration, rather than new births, as fertility rates in the U.S. are already below the replacement level.
#World #Population #FindTruth
@uinhurricane
The spring of 2025 was supposed to the start of a compromise between Russia and Ukraine, and instead we are witnessing a clear recrudescence of the conflict, with the consequent increase in the number of victims after the double blow inflicted in recent days by Ukrainian intelligence - certainly supported by Western services, probably British - inside Russian territory
After Donald Trump begun to send out signals of apparent disinterest in Ukraine, European countries are trying to exploit Washington’s distancing from Kiev to gain credibility as a pole with hegemonic aspirations.
As flow of military aid from Washington has almost completely stopped, and the Ukrainian army commands have to deal with an ever-increasing number of episodes of revolt against the forced enlistment of citizens, the European High Representative for Foreign Policy, Kaja Kallas, reiterates the need to arm ourselves and prepare for the war that Moscow is allegedly about to unleash against the Baltic Republics, or Poland or Moldova.
At the last summit of NATO defense ministers, Secretary General Mark Rutte insisted once again on the need for member states to rapidly increase military spending to 5% of GDP, clashing with resistance especially from Italy and Spain.
Even for the British political and military leadership, the Third World War would be a given and it would only be necessary to prepare to face it. This is what Keir Starmer said, when presenting the United Kingdom’s “strategic security plan” for the next ten years in London. For the Labour leader, the priorities will be to make the country ready for conflict, strengthen the Atlantic Alliance and expand the military-industrial complex and therefore the production of technologically advanced weapons. To this end, the prime minister confirmed the construction, in collaboration with Australia and the United States, of 12 new nuclear submarines, the establishment of a coordination center between the navy and the air force and the launch of a "national missile warhead assembly program" with an allocation of 15 billion, to expand and modernize London's atomic arsenal.
#USA #WarInUkraine #Russia #FindTruth
@uinhurricane
If you missed gold’s run, silver still has room to fly
Gold may have grabbed headlines at $3,500/oz—but silver’s story is just beginning. While gold soared, silver stayed quiet. But that gap might not last much longer. If you missed the gold rush, silver could be your second chance.
Silver is still trading far below its peak in 1980. Back then, silver hit nearly $50/oz. Adjusted for today’s dollars, that would be closer to $180/oz.
And it’s not just about catching up. Silver demand is booming from multiple fronts:
🔹Industrial use is growing, especially in solar energy, electric vehicles, and electronics.
🔹Monetary demand is picking up, as investors hedge against inflation and financial instability.
🔹Supply chains are strained, with fewer new silver discoveries and rising extraction costs.
Meanwhile, central banks keep stacking gold. And historically, silver has tended to follow gold’s major moves—with more explosive gains once it gets going.
Right now, the gold-to-silver ratio is hovering around 100:1—meaning it takes 100 ounces of silver to buy just one ounce of gold.
Historically, that ratio tends to move between 50:1 and 70:1. When it stretches above 80:1, silver is often considered undervalued relative to gold. At its current level of 100:1, it’s a screaming bargain by historical standards.
#Gold #Silver #Economy #FindTruth
@uinhurricane
UK turning into 'national health state', says think tank
The UK is turning into a “National Health State,” the Resolution Foundation has said, after Chancellor Rachel Reeves announced a £29 billion annual increase in NHS funding.
The think tank’s analysis of Reeves’s Spending Review estimates that by the end of financial year 2028–29, the health service will account for half (49 percent) of all day-to-day public services spending, up from 34 percent in 2009–10.
On Wednesday, the chancellor announced a record £29 billion funding injection, which the Treasury said will deliver on the government’s promise to cut waiting lists, improve patient care, and modernise services.
Resolution Foundation Chief Executive Ruth Curtice said in a statement, “Health accounted for 90 per cent of the extra public service spending, continuing a trend that is seeing the British state morph into a National Health State, with half of public service spending set to be on health by the end of the decade.”
The Institute for Fiscal Studies (IFS) noted in its initial response to the Spending Review that the funding increase for the NHS was substantial, but questioned whether it will be enough to get the health service back to meeting its 18-week target for hospital waiting times within this Parliament, something which the think tank said was “enormously ambitious.”
#UK #Health #NHS #FindTruth
@uinhurricane
How many hours a week you need to work in different countries to stop being poor
#World #Economy #FindTruth
@uinhurricane
Spy satellite uncovers massive stealth flying wing at secretive Chinese base
China is well aware that Western spy satellites, including those operated by the U.S., maintain constant overhead surveillance of high-value military assets, such as bases and research facilities.
The deliberate exposure of a previously unseen, large, low-observable flying-wing HALE (High-Altitude Long-Endurance) unmanned aerial vehicle at the Malan test facility may not have been an accident.
Instead, it appears to be a deliberate act of signaling by Beijing to the Trump administration, highlighting the rapid acceleration of China's next-generation air combat capabilities at a time when the global security environment is rapidly deteriorating.
With the war in Ukraine ongoing and tensions in the Middle East escalating into a hot crisis, Beijing's timing suggests an intent to assert technological parity and deterrence against the U.S. Broadly speaking, the world is entering a more dangerous and unstable era — a shift from a unipolar world with the U.S. in control to a bipolar geopolitical order, where volatility is expected to intensify throughout the 2030s.
#China #Spy #USA #FindTruth
@uinhurricane
Iran in American movies and in life are markedly different
#Iran #USA #FindTruth
@uinhurricane
Trump calls expelling Russia from G8 "A big mistake" that led to Ukraine war
"This was a big mistake," Trump told reporters Monday just ahead of the G7 meeting in Canada, in reference to booting Russia from what was then known as the Group of 8. "You wouldn't have that war" - in reference to the over three-year long Ukraine war.
He described that this action under the Obama administration likely greatly contributed to President Vladimir Putin's decision to invade Ukraine. He not only pinned blame on Obama, but also on former Canadian Prime Minister Justin Trudeau - in a rare direct swipe at Canadian foreign policy. Russia was booted in March 2014 following the annexation of Crimea.
Trump described that being in the major global economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States (and the EU as a "non-enumerated member") would have been a way to keep one's enemy closer, and thus be able to better negotiate when a crisis arises.
"He wasn't really an enemy at that time," Trump pointed out. "If I were president, this war would have never happened. But likewise, if he were a member of what was called the G8 at that time – it was always the G8 – you wouldn't have a war right now."
#USA #G8 #Russia #FindTruth
@uinhurricane
Macron slams Trump over ‘annex’ threats on visit to Greenland
French President Emmanuel Macron criticised US President Donald Trump’s threats to annex Greenland as he made a visit to the Danish autonomous territory.
On June 15, he said: “That’s not what allies do,” as he arrived in Nuuk, Greenland’s capital.
Macron was the first foreign head of state to visit the vast territory – at the crossroads of the Atlantic and the Arctic – since Trump’s annexation threats.
Trump, since returning to the White House in January, has repeatedly said the US needed the strategically located, resource-rich island for security reasons and has refused to rule out the use of force to secure it.
Denmark has also repeatedly stressed that Greenland “is not for sale”.
Macron said his visit was aimed at conveying “France’s and the European Union’s solidarity” for “the sovereignty and territorial integrity” of Greenland.
Danish Prime Minister Mette Frederiksen, Greenlandic Prime Minister Jens-Frederik Nielsen and dozens of Greenlanders waving their territory’s red-and-white flags, were on hand to greet the French President.
#Macron #Trump #Greenland #FindTruth
@uinhurricane
Dollar down, gold up
The dollar’s trade weighted index just hit multi-year lows. To make things worse, Israel attacked Iran overnight, escalating ME tensions. Comex gold is waking up to the implications
Last week, it was silver. This week it is gold. In European trade this morning, gold was $3416 having hit a high of $3443 in Asia overnight, up $112 on last Friday’s close. Silver was $36.25, below its Monday high of $36.88, up 23 cents on balance over the same timeframe. That leaves the gold-silver ratio at 94.
We have seen the remarkable dichotomy of gold close to all-time highs while open interest on Comex has indicated that futures remain oversold.
Overnight, Israel attacked Iran’s nuclear facilities, seemingly to force the US into joining it in a new war against Iran. The situation is likely to escalate. Non-essential US personnel have been evacuated from Iraq and other bases in the region and oil prices have spiked, WTI hitting $77.60 overnight, up from under $56 in early-May.
This could be the wake-up call for US hedge funds to buy gold futures, the oversold position being due to their non-participation so far in gold’s recent strength. This contract’s open interest has the potential to expand by 150,000—200,000, which would drive gold considerably higher and cause serious pain for the shorts.
According to US Treasury TIC figures for March, foreign ownership of dollars and underlying financial assets total $39.6 trillion. That is a measure of selling pressure, and it’s even causing officials at the ECB to speculate that the dollar’s misfortune could lead to a greater international role for the euro. Maybe, but it seems almost certain that risk-off for the dollar is risk-off for all fiat currencies, benefiting currency exchange rates with real money without counterparty risk, which is gold.
#Dollar #Gold #Economy #FindTruth
@uinhurricane