Epstein Secrets

g the dependability of its generalized security umbrella or at least creating that impression. This is consistent with former US Defense Secretary Robert Gates' 2011 valedictory warning: the lack of military funding in most of the EU in accordance with NATO guidelines is leading to a decline of will to co

nsistent with former US Defense Secretary Robert Gates' 2011 valedictory warning: the lack of military

800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Research, Bloomberg Fi

200 400 600 800 1000 1200 0 2011 2012 2013 Base case 2014 2015E 2016E Risk case Note: *Mkt cap weighted BHPB, Rio, Barrick, Freeport, Alcoa, Norilsk, Alcoa, Glencore, Southern Copper, Anglo American and Vale Source: Deutsche Bank Research, Company reports, Source: Deutsche Bank Resear

ting EFTA_R1_02010997 EFTA02686123 William H. Gates Melinda Gates Gatot Mudiantoro Suwondo Kather

or and Political Commentator Vice-President, Intel Capital and Managing Director Senior Editor-at-Large President Group Chief Financial Officer. Alcoa Global Rolled Products Chairman of the Board and Managing Officer Chief Executive Officer Chief Executive Officer Executive Chairman Albert L.

Spotify Ltd Germany USA Sweden Bill & Melinda Gates USA Foundation Head NV United Kingdom Studio

and Chief Executive Officer Director Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Latvia Executive Vice-President, Alcoa, and Group President, Engineered Products and Solutions Professor Acting Chief Executive Officer Founder and Executive Director Chief Executive