The next time someone tells you that the US government is operating in a fiscally sustainable manner and that our economy is growing strongly point them to the latest report from the U.S. Treasury Department. According to the new report released yesterday all of our worst fears may soon be realized should the United States default on its obligations to creditors, …
Read More »Islamic Finance
London steps up Islamic finance ambitions (Reuters)
Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017. Aiming to build on London's status as a leading exporter of financial services, Britain hopes to step up the challenge to Islamic finance centres such as Dubai and Kuala …
Read More »Exposing The Financial Core of the Transnational Capitalist Class By Peter Phillips and Brady Osborne
Media Freedom Foundation/Project Censored has just finish a year long study on the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world. With overlaps there is a total of thirteen firms in our study: Barclays PLC, BlackRock Inc., Capital Group Companies Inc., FMR Corporation: Fidelity Worldwide …
Read More »A threat to the US dollar will be fought tooth and nail, Jihad- American version
Three Mighty Messengers had one Message. Moses,Jesus and Muhammad brought a simple message (peace be upon them all). And had a single mission. To convey to humanity the true message of Salvation None is worthy of worship in truth except Allah
Read More »Washington Signals Dollar Deep Concerns By Paul Craig Roberts
Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit …
Read More »The Attack on Gold By Paul Craig Roberts
The orchestrated attack on bullion in the paper gold market took the spot prices of gold and silver down on Friday and Monday, but actual physical purchases rose during this period. The sales were of paper claims, not of real metal. The demand for physical possession of bullion rose so strongly that large wholesalers such as www.tulving.com and large retailers …
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