Category: Economy

Iraq’s Largest Oil Refinery Complex In Bayji Being Prepared To Be Placed Back Online: Iraqi Oil Sales Surges Surpassing Saudi Arabia As Fastest Growing Market

Iraq began to rebuild its largest oil refinery this week, jumpstarting an effort to reconstruct the country after a three-year war with the [CIA Mossad Proxy Army ISIS aka] terrorist Islamic State, an announcement from the oil ministry said. The Baiji complex should produce 70,000 barrels of oil per day upon completion, ministry spokesman Assem…

Bitcoin Futures Plunge – Fiat Crypto-Space Crumbles: Gold Buying Increases

The day’s slide started around 9amET, when a burst of gold buying appears to have reset the correlation between XAU and BTC: Just a few hours later, Bitcoin is back below $16,000. [Who in the world can afford 1 Bitcoin ~ The US Middle Class? Think Again!] Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve…

Gold’s Global Supply Artery: Declining Supply Heading For Cardiac Arrest With Increasing Demand Vs Debt Clock

An oceanic-scale demand push from “all parts Far East” is building, as the desire to own gold and silver promises to place an increasingly solid foundation for years to come. China, India, and Southeast Asia have historically accumulated precious metal as a savings vehicle, a hedge against political uncertainty (e.g. India’s surprise call-in last year…

Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve Any Socially Useful Function

Bitcoin [Very Much Like Non Physical Silver Gold Fiat Paper Rigging Allowed At The Comex] is now operating in the realm of the Madoff Ponzi scheme: Plenty of people understand that it’s going to collapse because it is based on an unsustainable illusion. Plenty of people are warning regulators to not allow this illusion to…

Why Silver & Gold Are Not Presently $728.00/Ounce & $5,996.00/Ounce Respectively: The Economy Is One Big Scam

US Debt Clock You could wrap $1 bills around the Earth 79,922 times with the debt amount! If you lay $1 bills on top of each other they would make a pile 2,242,204 km, or 1,393,241 miles high! That’s equivalent to 5.83 trips to the Moon! China Launching “Petroyuan” In Two Months 12/2017 U.S. Dollar Has…

U.S. Dollar Has Declined To 1/1300 Ounce Of Gold Since 1971

Gold And The Dollar Devaluation? 1)   Voltaire said over 200 years ago, “Paper money eventually returns to its intrinsic value – zero.” 2)   The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971. 3)   Because central bank…

China Launching “Petroyuan”

The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial…

South Korea’s Silver Hi-Tech Exports: Economy Grows At Fastest Rate In 7 Years

South Korea’s economy outpaced earlier growth expectations due to a rise in silver semiconductor exports. Defying the elevated political tensions on the Korean Peninsula, South Korea’s economy has accelerated to its fastest rate in seven-years driven by robust domestic retail sales, as well as a pick-up in foreign trade. This brings the nation’s monetary policy into the spotlight, with investors and policymakers alike getting…

Russia Buys 34 Tonnes Of Gold In September: Learn To Invest like the Russians They Already Dealt With Rothschild Deep State

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD – 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest – Russia’s gold reserves are at highest point in Putin’s 17-year reign – Russia’s central bank will buy gold for its reserves on the Moscow Exchange – Russia recognises gold’s role…