After a near record drop in non-revolving (student and car) loans in December, many were wondering if this pipeline which has kept the US auto sector afloat would remain shut. We are happy to report that for two consecutive months, this all important funding pathway has now been unclogged and nonrevolving loans are back to their soaring self.
Anyone closely following the Panama Papers tax haven story, is by now familiar with the role that Rothschild plays in providing virtually identical services right inside the US by the Rothschild Trust, as explained in our recent article "Rothschild Humiliates Obama, Reveals That "America Is The Biggest Tax Haven In The World."
They are also probably familiar with the name Andrew Penney profiled in January by Bloomberg as follows:
The tensions between China and the world continued to escalate this week when China began operation the of a lighthouse on its recently-built island in the South China Sea. The man-made islands have caused tensions between China and the US and her allies to grow increasingly in the past few months. According to Asia Times: China claims most of the energy-rich waters of the South China Sea, through which about $5 trillion in ship-borne trade passes every year. But neighbors Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims.
Saudi Arabia used US-made bombs in two recent airstrikes on a busy market in Yemen, which killed scores of civilians according to Human Rights Watch (HRW) The Saudi led strikes killed at least 97 civilians, including 25 children, in northwestern Yemen on March 15 The UN has also said that Saudi led airstrikes account for 60% of the civilians killed in the conflict, with strikes hitting markets, clinics and hospitals.
As the growth mirage fades (and short-squeeze ammo runs out), so crude and copper carnage is reappearing. Amid its biggest plunge since early Jan, Copper is now down 10 of the last 12 days and crude is plunging back towards it 50-day moving average. Amid this bloodbathery, precious metals are bid as Saxo Bank sees Gold "heading back to its highs and beyond."
Copper & Crude carnage continues as PMs are bid...
The biggest plunge in copper since September 2015...