My Precious: Bank of England Refuses Return Venezuela’s Gold

US President Donald Trump, along with neoconservative cabinet hawks John Bolton and Mike Pompeo, have openly threatened to escalate hostilities against the South American country for no other reason than regime change. Western “economic actions” are a euphemism for war. What does the west want regime change in Venezuela? The answer is simple and by …

Continue reading My Precious: Bank of England Refuses Return Venezuela’s Gold

Advertisements

Turkey will Repatriate All Gold from the US in Attempt to Ditch the Dollar

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it …

Continue reading Turkey will Repatriate All Gold from the US in Attempt to Ditch the Dollar

US President Donald Trump and Chinese President Xi Jinping © Saul Loeb / Reuters

US Trade Probe: China Vows Not to ‘Sit By’ If Washington ‘Destroys Multilateral Rules’

China has expressed "grave concerns" over US President Donald Trump’s signing of a memo that authorizes a potential inquiry into Beijing’s alleged theft of intellectual property. China said it won’t “sit by,” and threatened to act to defend its interests. "We hope that the US trade representative respects facts and acts with prudence," the Chinese …

Continue reading US Trade Probe: China Vows Not to ‘Sit By’ If Washington ‘Destroys Multilateral Rules’

OPEC Deal Backfires: Saudis Lose Market Share to Iran, Iraq

Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how US shale would respond to the relatively higher and stable oil prices, possibly eating up some of the cartel’s global market share while the cuts last. The market share war is also going on a micro level within …

Continue reading OPEC Deal Backfires: Saudis Lose Market Share to Iran, Iraq

Saudi Arabia Vs. Russia: The Next Oil Price War

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The …

Continue reading Saudi Arabia Vs. Russia: The Next Oil Price War

Economics of the Standoff Between Turkey and the Netherlands

As the diplomatic squabble between Turkey and the Netherlands continues to fester, concerns are raised about whether — and to what extent — the tensions will harm bilateral relations, particularly in economics where the two countries have robust trade and investment connections. For Turkey, the Netherlands offers a large and expanding export market. Trade between …

Continue reading Economics of the Standoff Between Turkey and the Netherlands

Lord Rothschild Given Control Over Greek Economy

The Financial Times has confirmed that the Rothschild family will be placed in charge of the Greek economy with immediate effect.  According to reports, Lord Rothschild will become the new economic adviser to Greece, controlling the country’s debt and negotiations with creditors. The Greek government are rushing to finalize the appointment before talks with Eurozone …

Continue reading Lord Rothschild Given Control Over Greek Economy

Mafia, Guns And Clans: The Big Libyan Oil Heist

Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their mafia reach is said to extend as far as the Coast Guard—and even into Europe. This smuggled oil is making its way into Europe, and …

Continue reading Mafia, Guns And Clans: The Big Libyan Oil Heist