The Past, Present and Future of Special Economic Zones; Cayman Enterprise City; The Silver Squeeze Has Officially Begun; U.S. House Committee Launches Investigation Into Alleged Misuse of FEMA Money
Zones of Progress: The Past, Present and Future of Special Economic Zones
[You think or believe that the U.S. is the most advanced country in the world with respect to economic progress. If you believe this, then you have not traveled as I have and seen certain other countries. No socialism, fascism in these zones. - JRD]
19 minutes, 19 seconds:
“This documentary tells the fascinating story of Special Economic Zones: geographically demarcated areas of countries where different rules and regulations apply. There are more than 7,000 of these across the world, and they have helped shape the development path of countries as diverse as Ireland, China, and the UAE. This documentary explores how they originated, how some of the leading modern zones function, and what the future of these zones could be.”
[Do you believe the so-called “progressives” will allow this in the U.S.? - JRD]
[I believe you will find this video most interesting. - JRD]
[When I was in Dubai, I visited the Dubai Special Economic Zone. - JRD]
Open link - Dubai Integrated Economic Zones
Open link for DIFC - Dubai International Financial Center
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Cayman Enterprise City - Special Economic Zone
[I worked with this tax-free special economic zone. Two clients of my firm established their businesses in Caymen Enterprise City (CEC). I visted the CEC the last time I was in Grand Cayman. - JRD]
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The Silver Squeeze Has Officially Begun
Authored by Jesse Colombo via Substack,
“For the past several weeks, I've been writing articles and creating video presentations about an imminent silver breakout that could quickly push prices to $50. During this time, I've observed significant investor cynicism, as many grew frustrated with silver's sideways movement over the last five months. In that content, I encouraged investors to remain confident, as I believed silver was on the brink of a historic bull market. Sure enough, on Friday, what began as a typical day saw silver surge nearly 7%, meeting the criteria I had outlined to confirm the next phase of its bull market. In this article, I will break down the details of silver's Friday breakout and explain why a powerful silver squeeze has now officially begun.
The key criterion I outlined to confirm the next leg of the silver rally was simple yet widely overlooked by investors and surprisingly difficult to achieve: the spot price of silver must decisively close above the $32.50 resistance level, supported by strong trading volume. The $32.50 resistance level was set at the May high, after which silver retreated and stagnated over the summer. Silver made attempts to break through this level on September 26th and October 4th, but both attempts failed, resulting in further pullbacks. Silver's impressive $2.02 (6.38%) surge on Friday, accompanied by trading volume more than double the prior week’s average, definitively fulfills that criterion. (A caveat to consider is that if silver closes back below the $32.50 resistance level, it would invalidate Friday’s bullish signal. However, I find that scenario unlikely.)“
https://www.zerohedge.com/precious-metals/silver-squeeze-has-officially-begun
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U.S. House Committee Launches Investigation Into Alleged Misuse of FEMA Money
“Republican members of the U.S. House Committee on Homeland Security have launched an investigation into the alleged misuse of Federal Emergency Management Agency funds by Department of Homeland Security Secretary Alejandro Mayorkas.
DHS, which has oversight of FEMA, has directed that billions of dollars of FEMA funds be used to pay for food, housing, transportation and other services for illegal border crossers.
FEMA in recent years also has prioritized diversity, equity and inclusion (DEI) initiatives, The Center Square reported.
The committee is demanding answers from Mayorkas after on Oct. 2 he said FEMA “does not have the funds, to make it through the [hurricane] season.”
Open link for complete article
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