Silver as an investment

“People Are Going To Start Dying” – Puerto Rico’s Battered Hospitals On Verge Of Failure

zerohedge.com / by Tyler Durden / Sep 25, 2017 

A week after then-category 4 Hurricane Maria made landfall in densely populated eastern Puerto Rico, electricity remains offline across most of the island, while supplies of staples like gas, food and water are dwindling. Shelters on the island are reportedly running low on food, and the government managers of the emergency response effort are scrambling to evacuate 70,000 people from a river valley that’s in danger of being completely submerged after a nearby dam failed.

And now, Reuters is reporting that hospitals across the island are struggling to continue providing medical services to patients after the storm left many of them flooded, strewn with rubble or relying on diesel-powered generators that will soon run out of fuel. For some, the only option is to evacuate to the United States for treatment.

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Is This Why The Rally In Gold & Silver Is Happening? A Shocking Game-Changer For Gold & Silver Is Now Unfolding…

kingworldnews.com / September 25, 2017

With gold rallying above the key $1,300 level and silver breaking back above $17, is this why the rally in gold and silver is happening?  Today King World News is reporting on a shocking game-changer in the gold and silver markets that is now unfolding.

Eric King:  “Keith, as you know the mid-cycle correction in the gold bull market ended last year.  It was more brutal in terms of duration (over 5 years) vs what we saw in the mid-cycle correction in the 1970s.  I don’t know what it is about this leg of the secular bull market in gold where we are having this correction, but some people are losing it and these are people who have been in the market for 20, 30, 40 years.  There is just something about sentiment in the gold and silver markets right now where some market veterans can’t handle the normal pullbacks, shakeouts, whatever you want to call them, and the usual drama that you see in the gold market.  What are your thoughts on what’s happening?”

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The post Is This Why The Rally In Gold & Silver Is Happening? A Shocking Game-Changer For Gold & Silver Is Now Unfolding… appeared first on Silver For The People.

“People Are Going To Start Dying” – Puerto Rico’s Battered Hospitals On Verge Of Failure

This report was originally published by Tyler Durden at ZeroHedge.com

hospitals

A week after then-category 4 Hurricane Maria made landfall in densely populated eastern Puerto Rico, electricity remains offline across most of the island, while supplies of staples like gas, food and water are dwindling. Shelters on the island are reportedly running low on food, and the government managers of the emergency response effort are scrambling to evacuate 70,000 people from a river valley that’s in danger of being completely submerged after a nearby dam failed.

And now, Reuters is reporting that hospitals across the island are struggling to continue providing medical services to patients after the storm left many of them flooded, strewn with rubble or relying on diesel-powered generators that will soon run out of fuel. For some, the only option is to evacuate to the United States for treatment.

Among these patients is a baby with a heart defect who had the misfortune of being born just before Maria hit.

“Among them is Cheira Ruiz and her baby girl Gabriellyz, who was born two weeks ago with a serious heart defect. The newborn was admitted to the Centro Cardiovascular de Puerto Rico in the capital shortly before Maria slammed into the island last Wednesday, but it was impossible for doctors to operate in such precarious conditions.”

Gabriellyz was among the first infants cleared to take a medical flight out of Puerto Rico since the storm. Her parents, who live two hours south of the capital, found out the good news Friday when emergency officials knocked on their door in the town of Guanica and told them to pack for the trip to Miami. With phone service out, the doctors had called one of the island’s radio stations, which broadcast their plea for help in locating the couple.

Hours before the flight was scheduled to depart, the parents learned there was only room for one of them. Mother and baby would fly alone to Miami.

“I’m trying to be strong,” Ruiz said on Saturday.”

Across the island, the scene is nightmarish as motorists and pedestrians line up for blocks waiting to purchase scare resources like fuel to power the generators. Cellular service, internet, and email have vanished, and radio has become a primary source of information. In what sounds like a plot detail from the Mad Max movies, fuel is in such short supply on the island that deliveries to hospitals are made by armed guards to fend off looters. Hospitals trying to transfer critical patients are being turned down by other facilities, simply because there is no room, or they can’t afford to purchase fuel.

For hospitals across this region, the challenges are mounting. After the power went out, back-up generators at some hospitals failed quickly. Other hospitals are running critically low on diesel. Fuel is so precious that deliveries are made by armed guards to prevent looting, according to Dr. Ivan Gonzalez Cancel, a cardiovascular surgeon and director of the heart transplant program at Centro Cardiovascular.

“Another hospital wants to transfer two critical patients here because they don’t have electricity,” Gonzalez Cancel said. “We can’t take them. We have the same problem.”

Another problem is that nurses and doctors are running low on gasoline for their daily commutes to work. Puerto Ricans are waiting as long as seven hours at the island’s few functioning filling stations. Marilyn Rivera Morales, a nurse at a hospital cardiovascular center run by Dr. Ivan Gonzalez Cancel who spoke with Reuters, said she had enough gas left to drive to the hospital for two more days.

“How will they keep coming here if they don’t have gas?” Gonzalez Cancel wondered.

Gonzalez’s cardiovascular center was “in shambles,” he told ReutersRunning without air conditioning, the walls of the operating room were dripping with condensation and floors were slippery. Most patients had been discharged or evacuated to other facilities, but some patients remained because their families could not be reached by phone. On the sidewalk outside the cardiac center on Saturday, Jorge Rivera and his wife Dorca approached Gonzalez Cancel to ask about the woman’s father, a patient still inside waiting for triple-bypass surgery. The couple are residents of Savannah, Georgia who were in Puerto Rico to care for their loved one.

The Doctor responded with what we imagine was unwelcome news: They’d have better luck if they took Dorca’s father elsewhere.

With the hospital scaling down operations and the island’s infrastructure on its knees, Gonzalez Cancel estimated he would not perform another open heart surgery for a month or more. His advice to the couple: leave.

“I am talking to you, not as a physician, I am talking to you as a human being,” he said. “Get him on a plane. You can be in Miami in two and a half hours.”

But of course, even leaving the island is a process fraught with difficulty.

With the island’s main airport still crippled, Gonzalez Cancel said he needed to secure a special waiver from authorities to obtain the medical evacuation flight for baby Gabriellyz. Travelers at the airport on Sunday were told that passengers who do not already have tickets may not be able to secure flights out until October 4.

With the situation on the island set to get worse before it gets better, some – Hillary Clinton among them – are calling on President Donald Trump to send the navy to Puerto Rico to help with the recovery effort. The devastation caused by Maria is similar to that wrought by hurricanes Katrina, Harvey and Irma, Reuters noted. But Puerto Rico’s remoteness and fragile infrastructure have made the logistics of organizing a disaster response very challenging.

Dr. Gonzalez Cancel also said the island needs the military to help with its recovery effort.

“We need a massive military response,” surgeon Gonzalez Cancel said. Because if more help doesn’t arrive soon, “people are going to start dying.”

Waiting for news about his father-in-law, Rivera, the Georgia resident and a 49-year-old Iraq War veteran, said the U.S. military could only do so much. He forecast the island would take months to get back on its feet.

“You need God pretty much to fix every light bulb,” he said.

Dr. Juan Carlos Sotomonte, the medical director of the Centro Medico‘s cardiovascular unit, said intervention – divine or otherwise – is needed fast.

“If this is not taken care of, people are going to start dying,” he said.

Making matters worse, the difficulties facing Puerto Rico’s hospitals may just be the calm before the storm. As supplies continue to dwindle and the island’s strapped finances hinder the recovery effort, the precarious situation facing Puerto Rico’s hospitals will probably worsen before it gets better.

50K Evacuated From Bali, As Nation Is On Volcano Alert For Imminent Eruption

Amed village, East Bali, Indonesia

Fears of an imminent eruption on the Indonesian tourist island of Bali have led to the evacuation of an estimated 50,000 people.  The Mount Agung volcano is going to erupt, scientists say.

Waskita Sutadewa, the spokesman for the disaster mitigation agency in Bali, said people have scattered to all corners of the island and some have crossed to the neighboring island of Lombok. Indonesian authorities raised the volcano’s alert status to the highest level on Friday following a dramatic increase in seismic activity. It last erupted in 1963, killing about 1,100 people.

Villagers are staying in temporary camps, sports centers, village halls, or with friends and relatives. Some do return to the exclusion zone during the day to tend to their livestock or shift the animals to areas further from the volcano for their safety. Others say they are selling their cows because they don’t know when they’ll be able to return.

“It’s obviously an awful thing. We want to be out of here just to be safe,” said an Australian woman at Bali’s airport who identified herself as Miriam. National Disaster Mitigation Agency spokesman Sutopo Purwo Nugroho said hundreds of thousands of face masks will be distributed in Bali as part of government humanitarian assistance that includes thousands of mattresses and blankets. Indonesia is prone to seismic upheaval due to its location on the Pacific “Ring of Fire,” an arc of volcanoes and fault lines encircling the Pacific Basin.

Government volcanologist Surono, who uses one name, said the feared eruption could be huge and potentially also close airports in East Java and Lombok, according to local media reports. Agung is in the north of the island about 43 miles from the tourist hotspot of Kuta. People have been told to stay at least 6 miles from the crater, but to stay 7.5 miles away when to the north, northeast, southeast, and south-southwest.

Over the past 5,000 years, Agung has erupted once a century on average and about a quarter of its eruptions have been a similar or stronger strength than 1963. Macquarie University volcanologist Heather Handley said the eruptions in 1843 and 1963 had a Volcanic Explosivity Index of about 5 on a scale where 8 would be the strength of an ancient supervolcano eruption such as Yellowstone in the U.S. or Toba in Indonesia.

Although officials have said there is no immediate threat to tourists, a significant eruption would force the closure of Bali’s international airport, stranding thousands. The island is famous for its surfing, beaches and its elegant Hindu culture is still safe to visit. Bali’s Ngurah rai International Airport has been operating normally since the alert status for Mount Agung was raised to the highest level on Friday.

Nearly 5 million tourists visited Bali last year.

Vital North Korea Background Info

I've been practically begging everyone to watch this special on North Korea from CNN's Will Ripley. It's now available via YouTube and, given today's events, you should be sure to watch it as soon as possible.

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Eleven Fed Goons And Mother, Too

It’s going to an historic week for Fed Goon jawboning as a record ELEVEN Fed Goon speeches are scheduled and this doesn’t even include Mother, who will speak at 11:50 EDT tomorrow.

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Merkle Wins Shaky Victory in Germany, 1806

“Forget Germany, Spain Is The Real Problem”

Following yesterday’s German election, which despite Merkel’s 4th victory was a rout for the establishment “grand coalition” parties of CDU/CSU and SPD which saw its worst election performance since the 1940s offset by a surge in the ascendant right-wing AfD, there have been numerous analyst reactions to the “sudden reemergence” of populism in Europe, but one we find perhaps the most insightful and useful, comes from Bloomberg macro commentator Mark Cudmore, who writes this morning that for all the concerns, it’s not so much Germany as what is about to happen in European peer Spain, where Catalonia is set to hold an independence referendum on October 1, that should be on traders’ radars.

Below is his latest Macro View explaining why…

Euro Crisis Trading May Be Due for an Encore

 

The euro is once again set to suffer from an outsized political premium. Spain, rather than Germany, is the real problem. 

 

The AfD’s strong performance in the German election and the lack of a clear coalition are both concerns at the margin, but they wouldn’t provide a sustainable headwind for the euro in isolation.

Much more worrying is Catalonia’s planned independence referendum on Oct. 1. Investors have been ignoring this story, but this week will see it take center stage.

 

The heavy-handed response by the central government in Spain has significantly elevated the probability of civil unrest as well as potentially increasing support for independence for the region.

 

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Trump Says “Not About Race” As NFL Players, Owners Defy Calls To Stand For National Anthem

Update (6:45 pm ET): More NFL teams are pushing back against President Donald Trump's call for the NFL to "change its policy" to stop players from kneeling for the National Anthem. The Tennessee Titans announced they are joining the Seattle Seahawks in deciding not to come out for the national anthem. The Seahawks announced nearly 30 minutes before kickoff that they would not stand because they “will not stand for the injustice that has plagued people of color in this country.”

The Titans followed 10 minutes later by saying they too would remain in the locker room during the national anthem. They posted a statement on their website noting they want to be unified as a team with the players deciding jointly that staying inside was the best course of action.

Looks like the approach of staying in the locker room, where players are hidden from public view, is catching on after the Pittsburg Steelers tried it earlier today.

So get used to seeing images like this:

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Update (5:50 pm ET): At an impromptu press conference at his private golf club in Bedminster, NJ, President Trump emphatically insisted that his comments about professional athletes who kneel during the National Anthem had nothing to do with race. On Friday evening, Trump suggested that anyone who kneels for the anthem is a "son of a b***h" who deserves to be fired.

"This has nothing to do with race. I've never said anything about race."

He reiterated that standing for the anthem is a matter of respect for our country, and believes the owners should take a stand in defense of American values. (more…)

Visualizing The Massive Impact Of EVs On Commodities

What would happen if you flipped a switch, and suddenly every new car that came off assembly lines was electric?

It’s obviously a thought experiment, since right now EVs have close to just 1% market share worldwide. We’re still years away from EVs even hitting double-digit demand on a global basis, and the entire supply chain is built around the internal combustion engine, anyways.

At the same time, however, as Visual Capitalist's Jeff Desjardins notes, the scenario is interesting to consider. One recent projection, for example, put EVs at a 16% penetration by 2030 and then 51% by 2040. This could be conservative depending on the changing regulatory environment for manufacturers – after all, big markets like China, France, and the U.K. have recently announced that they plan on banning gas-powered vehicles in the near future.

THE THOUGHT EXPERIMENT

We discovered this “100% EV world” thought experiment in a UBS report that everyone should read. As a part of their UBS Evidence Lab initiative, they tore down a Chevy Bolt to see exactly what is inside, and then had 39 of the bank’s analysts weigh in on the results.

After breaking down the metals and other materials used in the vehicle, they noticed a considerable amount of variance from what gets used in a standard gas-powered car. It wasn’t just the battery pack that made a difference – it was also the body and the permanent-magnet synchronous motor that had big implications.

Courtesy of: Visual Capitalist

As a part of their analysis, they extrapolated the data for a potential scenario where 100% of the world’s auto demand came from Chevy Bolts, instead of the current auto mix.

THE IMPLICATIONS

If global demand suddenly flipped in this fashion, here’s what would happen:

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