Jim Sinclair’s Commentary
You may not want to hear about this, but it is a factor due to how people in history have reacted to similar situations such as the great Spanish Flu pandemic in the USA. The salient factor is the Ebola virus was transmitted in Spain, not in Africa.
Spanish nurse becomes first to contract Ebola in Europe
Transmission of the deadly virus from an infected priest treated in Madrid to a health worker is the first time it has been contracted outside Africa
By Fiona Govan, Madrid
8:17PM BST 06 Oct 2014
A Spanish nurse has tested positive for the deadly Ebola virus, in what is the first case of the virus being contracted outside of Africa.
The 44-year-old woman, whose name has not been made public, has tested positive to two tests, health authority sources confirmed.
She was admitted to a hospital near her home in the Madrid suburb of Alcorcon with a high fever on Monday morning and was said to be in a “stable condition”.
Spain’s heath ministry confirmed that she was part of the medical team that treated Manuel Garcia Viejo, a Spanish missionary priest who died of the virus at a Madrid hospital 11 days ago after been evacuated from Sierra Leone.
Mr Garcia Viejo, 69, was the second person in Europe to die from Ebola after being repatriated from West Africa. He died on September 25, four days after being airlifted to Spain.
The first was Miguel Pajares, 75, a Spanish missionary priest who died on Aug 12 despite receiving the experimental ZMapp drug while he was being treated at Madrid’s Carlos III hospital after being repatriated from Liberia.
Both were members of the Hospital Order of San Juan de Dios, a Roman Catholic group that runs a charity working with Ebola victims in Africa.
Silver Soars As The Dollar Dumps Most In A Year; Stocks Surrender Payrolls Gains
Submitted by Tyler Durden on 10/06/2014 16:05 -0400
Following Friday’s post-payrolls exuberance, the US Dollar crashed by the most in over a year today and stocks retraced most of their gains with only European data (weak) to base any momentum ignition on. Today’s stock weakness turning point coincided with the bankruptcy headlines of GTAT but the divergence to USDJPY and bonds set the scene for stocks’ demise. Trannies were today’s laggard (after leading Friday) along with small-caps as The Dow clung to 17,000 and S&P closed marginally red. EUR strength led USD weaker and the plunge accelerated into the US close (eradicating all payrolls gains). USD weakness sparked commodity strength as gold (up most in 3 months), copper, and oil all rose and silver surged 3% (most in 4 months). VIX rose 0.8 to 15.3 as stocks closed ugly (not "off the lows" for Trannies and Russell) with a flush in financials.
Surprise!! Stocks catch down to bonds and JPY…
The mid-afternoon ramp was all about the machines lifting to VWAP for institutional-sellers…
John Embry – We Are Nearing A Violent Change In The Markets
Today a man who has been involved in the financial markets for 50 years warned King World News that we are nearing a violent change in the markets. John Embry, who is business partners with billionaire Eric Sprott, also discussed the endless stream of propaganda from the mainstream media.
Embry: “I was astounded by the combination of Friday’s U.S. jobs report and the engineered market reaction. I really think it should be an embarrassment to any American who respects honesty and integrity. The suggestion that 248,000 jobs created showed renewed vitality in the U.S. economy is pure propaganda.
Germany considers sending troops to E. Ukraine – report
Published time: October 04, 2014 15:48
Berlin is mulling sending troops to monitor the shaky ceasefire between Kiev forces and local militia in eastern Ukraine, a German government source told Reuters.
The source told the agency that a German troop deployment would depend on the Organization for Security and Cooperation in Europe (OSCE), which could move to send in troops to monitor the ceasefire it helped broker on September 5 in Minsk, Belarus.
If such a political decision were made, the number of troops sent by Germany would depend on the security situation in Ukraine and conditions set by the OSCE, the source said.
German newspaper Bild, however, said that 200 soldiers were planned for the mission. Around 150 would help monitor the crisis area with drones, and an additional 50 would provide security.
Last month, France and Germany offered to send drones to help bolster OSCE monitoring of the ceasefire in Ukraine’s troubled east.
The daily said the mission was in reaction to a Franco-German fact-finding mission in mid-September, which determined that the ceasefire could only be effectively monitored if boots on the ground provided security for monitoring staff.
A spokesman for the German Foreign Ministry told Reuters that Berlin and Paris are hammering out a plan to support the OSCE mission, but were only in the exploratory phase.
De-Dollarization: Europe and China Start Direct Trading In Euros and Renminbi
By Tyler Durden
Global Research, September 30, 2014
De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to “isolate” the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with smaller trade partners.
On the heels of Western pressure, Russia and China were forced closer together and de-dollarization accelerated from Turkey to Argentina as an increasing number of countries around the world realize the importance of this chart.
However, things are about to get even more dramatic. As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency in a “fresh step forward in China’s yuan internationalization.” With civil unrest growing on every continent and wars (proxy or other) at tipping points, perhaps, just perhaps, the US really does want rid of the weight of the USD as a reserve currency after all (as championed here by Obama’s former right hand economist)… now that would be an intriguing ‘strategy’.
As Bloomberg reports, China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency…
The euro will become the sixth major currency to be exchangeable directly for yuan in Shanghai, joining the U.S., Australian and New Zealand dollars, the British pound and the Japanese yen. The yuan ranked seventh for global payments in August and more than one-third of the world’s financial institutions have used it for transfers to China and Hong Kong, the Society for Worldwide International Financial Telecommunications said last week.
“It’s a fresh step forward in China’s yuan internationalization,” said Liu Dongliang, an analyst with China Merchants Bank Co. in Shenzhen.
The move will lower transaction costs and so make yuan and euros more attractive to conduct bilateral trade and investment, the People’s Bank of China said today in a statement on its website. HSBC Holdings Plc said separately it has received regulatory approval to be one of the first market makers when trading begins in China’s domestic market.