In this report, Spiro Skouras recaps the events leading up to the current global coronavirus outbreak, while looking ahead at the looming financial crisis and how the virus will likely be blamed, providing cover for the crimes committed by the central bankers. Spiro also analyzes the potential outcomes of the current situation, which includes a…
Back in August I penned a post called, “The Battle of the ‘Flations Has Begun.” With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring an oil price war on, well, everyone it’s clear that one of the two ‘flations, deflation, has won out….
For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything. But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism. There are…
Summary: Because it is a world trade currency there is enormous demand for more and more dollars across the globe. Not by foreign central banks but by financial institutions below them. Nor are these dollars conjured up by the Federal Reserve but by private banks taking advantage of fractional reserve banking. However, when banks cease…
The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail. In addition…
During the lengthy discussions which led to the 1944 Bretton Woods Agreement, economist John Maynard Keynes opposed fixed exchanged rates via-a-vis a gold backed US dollar. He instead proposed the creation of a super-national unit of account which he called the bancor. The justification behind a seemingly tedious accounting unit which could be purchased in…
