The havoc hitting Iran’s national finances should leave no-one under any illusions. The country is facing economic warfare from the US and its European allies. In financial terms, it is equivalent to attacking the country with a weapon of mass destruction. The disruption and hardship being inflicted on Iranian citizens is criminal and unspeakably callous. But let’s make no …
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China To Challenge US Dollar Reserve Currency Status By Mark OByrne
At the Clinton Global Initiative last week Goldman Sachs CEO Lloyd Blankfein said that the US could risk its status as the world’s reserve currency… Today’s AM fix was USD 1,786.50, EUR 1,380.92, and GBP 1,109.01 per ounce. Yesterday’s AM fix was USD 1,777.25, EUR 1,374.73and GBP 1,102.38 per ounce. Silver is trading at $35.08/oz, €27.13/oz and £21.84/oz. Platinum is …
Read More »We Are at War The War on Terror exploits the tragedy of September 11 for the benefit of a very few. By Johnny Barber
We are at War. Somebody is Going to Pay.” George W. Bush, Sept 11th, 2001. September 10, 2012 "Information Clearing House" – – Eleven years later, we are still at war. Bullets, mortars and drones are still extracting payment. Thousands, tens of thousands, millions have paid in full. Children and even those yet to be born will continue to …
Read More »The Biggest Financial Scam In World History By Washington’s Blog
Why Is the Libor Scandal So Important to You? There have been numerous big banking scandals recently. But the Libor scandal is the biggest financial scam in world history. See this and this. The former CEO of Barclays said today that banks across the world were fixing interest rates in the run-up to the financial crisis . Professor of economics and law Bill Black notes: It is the largest …
Read More »America Is No Longer a Land of Opportunity By Joseph Stiglitz
U.S. inequality is at its highest point for nearly a century. Those at the top – no matter how you slice it – are enjoying a larger share of the national pie; the number below the poverty level is growing. The gap between those with the median income and those at the top is growing, too. The U.S. used to …
Read More »12-year-old blasts Canada’s banks – Victoria Grant’s critique of financial system goes viral
Canada's banking system has been the subject of international praise from economists grappling with global turmoil, but one 12-year-old girl begs to differ. Victoria Grant of Cambridge, Ont. is earning a reputation as a financial pundit after her tirade against her homeland's borrowing practices went viral on YouTube. Grant is already a veteran of the financial lecture circuit, but …
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