U.S. Exports Nearly All Gold Mine Supply To Hong Kong – Gold Leaving #US Vaults: Signs of Upcoming Currency War and Armed Conflict

U.S. Exports Nearly All Gold Mine Supply To Hong Kong: 

The U.S. gold exports to Hong Kong surged in February consuming nearly all of the domestic gold mine supply.  According to the USGS recent Gold Mineral Industry Survey, February gold exports to Hong Kong more than doubled compared to the prior month.  This was an interesting increase in gold demand from Hong Kong as the market price increased slightly month over month.

Not only did gold exports to Hong Kong jump, but total U.S. gold exports also increased 40% from 36.1 metric tons (mt) in January to 50.4 mt in February.

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Hong Kong dumps BBC World Service for Chinese state broadcaster

Hong Kong dumps BBC World Service for Chinese state broadcaster:

HONG KONG’S public broadcaster RTHK dropped a 24-hour BBC World Service channel from its airwaves today, replacing it with state radio from China in what critics say is a sign of encroaching Chinese control in the former British colony.

H/t reader kevin a.

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GRAND FORMAT. Hongkong : l’enfer des “maisons-cages” d’un mètre carré

Agenda 21!

Much more photos here:

GRAND FORMAT. Hongkong : l’enfer des “maisons-cages” d’un mètre carré:

L’une des villes les plus prospères de la planète cache ses exclus dans des “maisons-cercueils”. Le photographe Benny Lam témoigne de leurs conditions de vie indignes.

H/t reader I.G.

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Hong Kong Bookseller Who Was ‘Disappeared’ By Chinese Authorities Tells Of What Happened

FYI.


Hong Kong Bookseller Who Was ‘Disappeared’ By Chinese Authorities Tells Of What Happened:

It’s no secret that the Chinese government is quite comfortable ‘disappearing’ people that are causing a problem for the communist regime. However, the latest case of a disappearance (that we’re aware of) is most interesting. Beginning late last year, five booksellers from the shop Causeway Bay Books in Hong Kong went missing, and all of them later surfaced in China in police custody for illegally trading banned books in mainland China… Now one of the booksellers is telling his story: “I couldn’t call my family. I could only look up to the sky, all alone.”, “they wanted to lock you up until you go mad”

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Hong Kong Is Building The Biggest Gold Vault And Trading Hub In The World

Cheung HK_0
A 2011 file photo of honorary permanent president Haywood Cheung Tak-hay
of the Chinese Gold & Silver Exchange Society (centre) while conducting duties
as then president. Photo: Edward Wong

Hong Kong Is Building The Biggest Gold Vault And Trading Hub In The World:

Less than a week after the official launch of the Chinese Yuan-denominated gold fix on the Shanghai Gold Exchange, a historic move which represents “an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market” and which will gradually transform the market of paper gold trading, in the process shifting the global trading hub from west (London) to east (China), overnight Hong Kong’s Chinese Gold and Silver Exchange (CGSE) Society revealed plans to do something similar for physical gold when it announced plans for what may end up being the biggest gold vault in the world.

As reported initially by SCMP, the Hong Kong gold exchange has teamed up with the world’s biggest bank by both assets and market cap, China’s Industrial and Commercial Bank of China (ICBC) to launch gold trading services in the Qianhai free trade zone in September, providing custodial and physical settlement service targeted at commercial users and precious metals traders, according to the exchange head.

Read moreHong Kong Is Building The Biggest Gold Vault And Trading Hub In The World

Hong Kong Real Estate Price Plunges 70% In Latest Government Land Sale

Hong Kong Real Estate Price Plunges 70% In Latest Government Land Sale:

One place that provides some glimpse into true price discovery was the just completed government tender, in which a parcel of land sold by the government in the New Territories went for nearly 70% less per square foot than a similar transaction in September.

The War on Cash: A Country by Country Guide

waroncash

The War on Cash: A Country by Country Guide:

Corbett Reporteers will be no stranger to the war on cash. I’ve made videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio.

The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games.

We’ve heard cash is dirtied by drug dealing, tarnished by terrorism, tainted by tax evasion (heaven forbid!) and just plain dirty. Not to mention sooooo outdated.

Read moreThe War on Cash: A Country by Country Guide

China Contagion Spills Over To Hong Kong Banks As HIBOR Explodes To Record High, Stocks Tumble

China Contagion Spills Over To Hong Kong Banks As HIBOR Explodes To Record High, Stocks Tumble:

Chinese stocks are trading at the lows of the day after Overnight HIBOR rates (Hong Kong’s interbank borrowing rate) exploded a stunning 939bps to a record high 13.4%. It is clear that banks are utterly desperate for liquidity and/or are extremely concerned about one another’s counterparty risk. This has dragged HSCEI down 5% (to its lowest since Oct 2011).

 

Hong Kong’s Chief Executive Publicly Tells Citizens to ‘Act More Like Sheep’

sheep-sheeple

Hong Kong’s Chief Executive Publicly Tells Citizens to “Act More Like Sheep” (Liberty Blitzkrieg, Feb 18, 2015):

Hong Kong’s unpopular chief executive has infuriated pro-democracy campaigners by using a Chinese New Year message to urge the former colony’s citizens to act more “like sheep”.

“In the coming year, I hope that all people in Hong Kong will take inspiration from the sheep’s character and pull together in an accommodating manner to work for Hong Kong’s future.”

In case his message had been missed, Mr Leung noted that the 12 animals in the Chinese zodiac had 12 individual “character types”. “Sheep are widely seen to be mild and gentle animals living peacefully in groups,” he said.

– From the Telegraph article: Hong Kong leader tells people to act like ‘sheep’

This is simply a spectacular admission from a clueless authoritarian. No wonder things are so volatile in Hong Kong with this clown in charge. Rather than quieting the mood, CY Leung’s comments are more likely to infuriate the island’s youth and strength their resolve. Not smart.

Read moreHong Kong’s Chief Executive Publicly Tells Citizens to ‘Act More Like Sheep’

BofA Banker Arrested In Hong Kong For Double Murder Of Two Prostitutes, One Victim Was Stuffed In A Suitcase

BofA Banker Arrested In Hong Kong For Double Murder Of Two Prostitutes, One Victim Was Stuffed In A Suitcase (ZeroHedge, Nov 2, 2014):

The excesses of 1980s New York investment banking as captured best (and with just a dose of hyperbole) by Bret Easton Ellis’s American Psycho may be long gone in the US, but they certainly are alive and well in other banking meccas, such as the one place where every financier wants to work these days (thanks to the Chinese government making it rain credit): Hong Kong. It is here that yesterday a 29-year-old British banker, Rurik Jutting, a Cambridge University grad and current Bank of America Merrill Lynch, former Barclays employee, was arrested in connection with the grisly murder of two prostitutes. One of the two victims had been hidden in a suitcase on a balcony, while the other, a foreign woman of between 25 and 30, was found lying inside the apartment with wounds to her neck and buttocks, the police said in a statement.

As Reuters reports, the Hong Kong police said that a 29-year-old foreign man had been detained earlier that day after two women were found dead in an expensive apartment in Wan Chai, a central city district known for its night life.

Read moreBofA Banker Arrested In Hong Kong For Double Murder Of Two Prostitutes, One Victim Was Stuffed In A Suitcase