Since March of this year Turkey has exported $11.7 billion in gold bullion, over 90% of which was carried over the border on its way to Iran or the United Arab Emirates. What’s happening? Turkey is buying oil. Not with wire transfers or cash, but with gold bullion. They can’t buy Iranian oil through the …
It’s easy to dismiss Max Keiser. In fact, pretty much of North America’s media do. He has even been called a traitor for painting the economy in such a consistently negative light. But he does have a huge audience, mainly through European media plus, of course, YouTube. And it would be a mistake to dismiss …
John Aziz of azizonomics.com recently wrote a post about how the centralization of the global economy puts us all at risk. Here is a quote from his post: “Centralisation concentrates decision-making. Centralisation acts as a transmission mechanism to transmit and amplify the effects of centralised decisions throughout a system. This means that when bad decisions …
By the 0.1% I mean, of course, the ultra-wealthy. This is not the same group as the 1%. The 0.1% play at an entirely different level. These are the folks who are worth hundreds of millions of dollars, and sometimes billions. They use their money to buy influence at every level of government. Their financial …
As you know, Ben Bernanke, chairman of the Federal Reserve, recently outlined his plan for ongoing quantitative easing with QE3. Basically the Fed will keep printing money, pass it down the line to the banks, and then hope it will stimulate some positive economic activity on Main Street. Will it work? Probably not. But we’ll …