Inflation enters the economy in stages. It’s not as though the Fed begins to print money and POOF! inflation appears. It takes time. The first stage occurs in the manufacturing/ production segment of the economy when you see producers suddenly paying more for the raw goods and commodities they use to manufacture/ produce finished goods. You…
May 5th marked the 200th Anniversary of Karl Marx’s birth, and in spite of inspiring a wide variety of political movements that have caused countless human rights disasters, Marx continues to be an object of admiration among many intellectuals and artists. One such example can be seen in Raoul Peck’s new film The Young Karl Marx which portrays…
BREXIT Secretary David Davis suggested EU member states are now starting to break off from the European Union’s common withdrawal strategy to protect their economies from a hard exit. Brexit Secretary David Davis hailed the progress of the talks with the European Union – revealing his trips to EU capitals had unveiled cracks in the…
Run Up To Arrest Warrant: SEOUL, March 19 (Xinhua) — South Korean prosecutors on Monday requested an arrest warrant on former President Lee Myung-bak over a series of corruption charges. The Seoul Central District Prosecutors’ Office called for a Seoul court to issue a warrant to arrest Lee, who served out his five-year presidential term…
Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the actual government shutdown in October 2013 as Republicans held the line against more government spending? Become…
Tehran has announced that purchase orders by merchants that are based on US currency would no longer be allowed to go through import procedures. According to local media, the policy is in line with an official request by the Central Bank of Iran (CBI) and is specifically meant to address fluctuations in market rates of…
An Israeli F-16 fighter jet has been shot down by Syrian military while targeting what it called Iranian sites responsible for launching a drone into occupied Golan Heights. The Israeli military said on Saturday “a combat helicopter successfully intercepted an Iranian UAV that was launched from Syria and infiltrated Israel” [aka; Syria’s Golan Heights that…
CHEYENNE, Wyo. (Feb. 8, 2018) – A bill filed in the Wyoming House would define gold and silver specie as legal tender and eliminate all taxes levied on it. The new law would pave the way for the use of gold and silver in everyday transactions and could help undermine the Federal Reserve’s monopoly on money.…
Over the last two years, the Federal Reserve has been nudging interest rates higher and their efforts are starting to bear fruit in the marketplace. Bond yields are beginning to climb. The question is how high can rates go before the house of cards the central bankers built comes tumbling down? As No One Watched…
9 July 2004 – The International Court of Justice (ICJ) issued an advisory opinion today that Israel’s building of a barrier in the occupied Palestinian territory is illegal and said construction must stop immediately and Israel should make reparations for any damage caused. Responding to a request from the United Nations General Assembly, the World…
