TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
It has all the elements of a Hollywood heist movie: A well-known jeweler-to-the-stars and his shady accomplice. A risky gambit to exploit a banking loophole. Inside help from a high-ranking official. A $2 billion swindle. And the whole house of cards crashing down in spectacular, front-page fashion. But here’s the Bollywood twist: The well-known jeweler Read More…
Rothschild & Co. is ensuring that the business will stay in the family for a seventh generation as the current chairman prepares to hand his seat down to his son. The Rothschild banking empire will ensure that its control continues to stay within the family for a seventh generation as David de Rothschild, 75, is Read More…
A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
As the cannabis industry continues to grow more popular, so do cryptocurrencies that support the marijuana space overall. Because most cannabis dispensaries aren’t allowed access to banking services and because of the penalties that occur when dispensaries pay off their taxes with cash, the industry has turned to digital currencies as a means to work Read More…
** PROFITS UPDATE: Today’s letter focuses on the monumental shift in global growth and the inflationary pressures now felt on raw commodities: Gold is above $1,340, zinc trades at 10-year highs, palladium is soaring, and silver is taking big steps, but before you begin reading, I wanted to update on Stratis (STRAT), the under-the-radar cryptocurrency Read More…