Political Analysis
The Turkish government has made the dramatic move of repatriating all of its gold reserves that are currently housed in the US Federal Reserve in a move that President Erdogan says will pave the way for Turkey conducting bilateral international trade in gold rather than US Dollars. This comes shortly […]
Many in the United States fear that Donald Trump’s tariff driven trade war against China will produce the unintended consequences of China preparing the Yuan to float on the open market in a move that could see the Yuan becoming a more valuable currency than it is a present. At […]
As the second quarter of the economic year begins, US stocks opened at their lowest level since the crash of 1929 which triggered the Great Depression. According to RT, “the S&P 500 index fell 2.2 percent after the first trading session in the second quarter. This was only ever worse […]
This morning, history was made as China began trading Yuan denominated oil futures contracts on the Shanghai International Energy Exchange. According to Liu Shiyu, the Chairman of the China Securities Regulatory Commission (CSRC), “We have the confidence, determination and ability to build a crude oil futures market with Chinese characteristics, and make due […]
The problem with Facebook, like so many other corporations is that it got greedy and tried to do too many things all at once and when all such ethical options were exhausted, they went into the unethical. There is no doubt that, as Julian Assange and Edward Snowden both have […]
In 2013, the European Union announced that they would take approximately 40% of people’s savings in the 2 major banks – Bank of Cyprus & Laiki. Some of the remainder was to be converted into worthless bank shares (the shareholders and bondholders were also wiped out due to the scale […]
Reports from the White House indicate that the US Treasury Department is finalising a much hyped $30 billion anti-Chinese tariff initiative which will target a wide variety of goods. Trump recently announced the finalisation of a 25% tariff on steel imports with an accompanying 10% tariff on aluminium. As Canada, […]
