This is a Globalist Coup by the EU, inside the EU…….it could well presage the end of the EU …..
More on Poland
Attempted Leftist Coup in Poland Update: Hero Polish President Turns Plane Around, Flies Back to Warsaw, Fights His Way Through Police Line, and Enters Constitutional Tribunal – Updates
rno..RIP
Add me to the list of friends and admirers. We had a number of email exchanges through the years going back to the Belize days. Jim always had a good bead on things, and it was worth paying attention to what he had to say. Great guy. Condolences to the family as well.
Maddog, eeos, they’re all a bunch of crooks, who will rally round each other.
Tether is an exception. Apart from Tether there are no financials available for any of these exchanges. But they have to keep the con going, even Tether whose income is dependent on the exchanges continuing to exchange, and Tether can cover the loss according to their quarterly balance sheet at 30th September 2026.
Internal struggles in Poland
WarMonitor🇺🇦🇬🇧
@WarMonitor3
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35m
Details of what is happening in Warsaw Poland right now:
A long standing power struggle between the countries two main political parties over Judges in the countries judiciary has spilled out after Judge Anna Korwin-Piotrowska who is linked to the current Prime minister Tusk has suspended two other judges both sides linked to the opposing PIS Party.
This caused outrage amongst PIS supporters who flocked to the countries constitutional court, the Judge Anna Korwin then called police to protect her which have surrounded the building which is widely pictured, the police have now had clashes with protestors.
The President of Poland has turned his plane around on a diplomatic flight to Senegal calling the suspension of judges and the police presence near the courthouse a coup attempt by the Prime minister tusk and a massive overstep of Judicial power.
YES Maddog! YES!
That company is totally bankrupt. I don’t care what insurance company is behind them, these guys are faulked! This is how you know that gold and silver are completely controlled and rigged is that gold should have went to $6000 or $7000 today, but instead the bad guys just came in there and papered the hell out of everything. The whole market is fake. Bitcoin is fake I don’t care what they say. I’ll wait around for a few months for them to keep bombing this crap. I would expect we’ll be engaging with N Korea. Give it 6 months. Drones, carpet bombings, electronic warfare…. Someone’s gonna pay for that 6 billion. It just proves that If you can’t see it you don’t own it I don’t care what these little jump drive crypto punks say. I read on Twitter today that they lost at least half of the money, it’s just gone. I wouldn’t be surprised if they drop tactical nukes on Fat Boy Kim.
I asked Chat: You’re right to question “your funds are safe.” Customers need evidence that the company can replace the stolen assets and still meet all its other obligations.
The story is the Binance exchange theft on October 29, involving roughly $6.3 billion. Researchers attribute the attack to a North Korean hacking group with high confidence. The reported breach involved Binance’s systems for holding and transferring crypto; Bitcoin’s underlying network continues operating. TRM Labs
One clarification: the roughly $3 billion figure is money frozen after the theft. Binance says those assets have been blocked, but recovering them is still a separate step. Researchers suspect North Korea was behind the overall attack. Binance Support
Here’s what supports Binance’s reassurance, according to its own announcement:
– It says it has set aside more than $6.34 billion in company funds.
– About $5 billion is already held in the affected cryptocurrencies, with the remaining assets being purchased.
– It plans to cover losses using its corporate treasury and its Secure Asset Fund for Users, or SAFU. Binance Support
That puts the burden on Binance’s finances. SAFU is a reserve fund established by Binance, rather than an outside insurer guaranteeing every customer’s balance. Crypto assets also have no FDIC deposit insurance. The relevant questions are how much applicable insurance exists, what it excludes, and whether Binance has enough available company assets after accounting for everything it owes. Binance Support
Your concern is especially reasonable because a “proof of reserves” report provides less assurance than a full financial audit. The PCAOB’s investor advocate warns that these reports can leave out liabilities and whether displayed assets were borrowed. Showing billions in wallets alone doesn’t establish solvency. This theft creates serious financial and confidence risks, but it doesn’t establish that every crypto company will fail. PCAOB
On the war concern, I found no credible announcement of military strikes in response to this hack. The documented response involves the FBI, Secret Service, asset freezes, and recovery efforts. North Korean theft is a serious national security problem, but predicting bombing or World War III goes well beyond the available evidence.
Who is the insurance company that’s behind Binance? I want to short the hell out of them.
No outside insurer has been publicly confirmed as responsible for this loss. Binance says it will cover it using its SAFU reserve and corporate funds. Reuters reports Binance hadn’t responded to questions about its insurance coverage. Binance Support
There is a historical connection to Arch Capital Group, Nasdaq: ACGL. A March 2022 Binance Custody announcement named Arch Syndicate 2012 at Lloyd’s as its cold-storage insurer. Arch Capital is the syndicate’s ultimate parent. prnewswire.co.uk
That does not establish that Arch owes anything for this hack. The older announcement covered segregated cold-storage assets, while Binance says this theft involved its internet-connected hot wallets. I found no confirmation that the historical coverage applies to this incident. prnewswire.co.uk
I wouldn’t build a short position around that connection alone. We’d need evidence of a current policy, an applicable claim, and the insurer’s actual exposure before concluding its earnings are threatened.
Over $ 6.3 Billion hacked out of Binance in Bitcoin and Ether and Binance says, don’t worry we have you covered
How the hell can Binance cover $ 6.3 Billion…unless they just magic it up
Well that was a week I’d rather forget
and the Globalists get most of the Market headlines they want…….next week could be interesting if they try to get out.
Another passing
Picard is dead. Patrick Stewart died 10/28 at age 86.
Oh No! RNO
Rest in peace old friend. You will be missed.
Hey, it’s Halloween weekend and I’d say the “market Pranksters” are at play. “Trick or Treat?? If you’re counting in ounces, who cares? SNG!
Buy more while it’s “on sale”!
Wish I had done the same
Bushels 🌾 Barrels 🛢 & Bullion 💰
@BuBarrelBull
In August I rotated back out of miners, after a rebound, into energy stocks.
Now I’m rotating out of energy into miners. Gold and copper in particular. I think gold defended these levels before and it will again. The setup into 2027 is perfect.
Copper is trading near all-time highs and Chinese premiums are surging. Yet the equities are a bargain. Why? Because of an AI growth scare that never mattered anyways. Copper is a supply story.
When everyone panic sells I buy. This is the way.
Wall Street Mav
@WallStreetMav
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6h
Thank you Britain 🇬🇧, for sacrificing your economy to save the planet.
So .Gov is worried about something
That they are making all military bases self sustainable and without any outside help from the grid or civilian infrastructure. Is it just the Iran war? If so, why not this last February when it all started?
I think it might be something else, something they’re not sure about yet and trying to model and assess the potential fallout from.
Nuclear seems doubtful, they’ve war gamed that for years.
Maybe some AI program has gone rogue and is creating its own agenda and agents? Maybe they are aware of a natural catastrophe that they’re unable to stop? Pole shift? Meteor strikes?
FWIW – Tomorrow is Halloween, but also happens to be the anniversary of the day the great flood started in the days of Noah.
Regardless, if we’re going mad Max for a while, isn’t that the exact time we’ve been told holding physical is going to matter? Hard to see how Bitcrap is going to be any good with the grid down.🤔
Course, they also said pm’s would be a safe haven in times of crisis or geopolitical instability. That has never been true.
No sign of life today. Bummer.
Looks like
they may have temporarily flushed out a lot of the “stop-losses” just under the $4000 in Gold.
As Ipso mentioned, if a lot of the commercial banks are still short, one would think it may be a good time to start covering????
Cue up
…..the financial media saying the crash in the NASDAQ is causing a liquidity crisis and Gold and Silver are being sold to raise $$$$
Gold down $100+
I’m going into hiding …
The Ape expounds
TheApeOfGoldStreet
@TheApeOfGoldST
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2h
The #Silver market has now tanked so much the past couple of weeks that it’s starting to look like it’s priced in both the resumption of the Iran war and WW3 with NATO vs Russia the same time.
In reality the market isnt pricing in shit, it’s a manufactured dump by design.
They will run price to a level under $50, liquidate long positions, run stops, flush out retail panickans, kill/reset sentiment and then allow it to run upwards again.
We are approaching the part of where they will allow price to rise again.
Visual pain a little more, then we can start look upwards.
I still believe we close the year on a much more positive note, above $60 atleast. Most likely $65-$70.
This dump was extremely brutal.
The thesis of why I’m even invested in the #Gold and #Silver sector has grown even stronger though due to the events unfolding globally, so I’m not worried at all.
Perhaps the coming attack on Iran will be the bottom for g+s? Sort of a “buy the news” event.
Hey … it could happen …
The metals can’t decline forever … right?
Thiede Investments
@ThiedeInvests
Silver has plunged from $120 to around $50, and precious metals analyst Ed Steer says the latest selloff is unlike anything he has seen in 25 years. The biggest commercial traders on COMEX have barely reduced their massive short positions despite the dramatic price declines, an unusual development Steer believes could signal a powerful rally ahead. He says managed money traders are approaching historically rare bearish positioning in silver, a setup that has preceded major rallies in the past. Steer is also watching hundreds of thousands of gold call options with strike prices reaching $20,000, warning that a major financial, monetary, or military event could trigger an extraordinary move higher. He believes the decades-long suppression of precious metals prices is nearing its end and expects gold and silver to eventually break to new highs.