It is the 17th of September 2019

News

$1 Trillion Norway Wealth Fund Sees "Red Flag" In Real Estate Market

Back in September, we pointed out that assets managed by Norway's sovereign wealth fund had surged to over $1 trillion after they made the controversial decision to increase their exposure to global equity bubbles (see: Norway Wealth Fund Assets Surge To Over $1 Trillion On Massive 70% Allocation To Equities).  The move has worked out perfectly in the short term, though we still have our doubts as to whether the "greater fool" theory works over the long term...certainly it never has before but maybe this time is different.

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Norwegian Mining Company Launches First Asset-Backed Initial Coin Offering

While the world debates whether blockchain-based Initial Coin Offerings are a fraudulent pyramid scheme, meant to take advantage of gullible investors who are desperate to get rich quick, or a revolutionary "post-equity" way of raising capital, a Norwegian mining company, Intex Resources ASA, has taken the next step in the latter, and last week announced it was issuing the world's first asset-backed Initial Coin Offering, with the resulting tokens being exchangeable for the physical collateral.

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Hundreds Of Tanks And Howitzers From The United States Arrive In Poland

One day before Russia kicked off its "Zapad 2017" military exercise, dubbed the "biggest display of Russian military power since the end of the Cold War", on September 13 American military equipment arrived in the port of Gdansk, Radio Poland reports, where more than a thousand pieces of American military equipment from the Second Anti-tank Brigade Combat Team were unloaded at the port, including Abrams tanks, Bradley combat vehicles, Paladin howitzers and other combat equipment. This is the first shipment of equipment to arrive in Poland under the initiative Operation Atlantic Resolve according to UA Wire.

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