TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold. The system ended up Read More…
Following the Trump administration’s move to target Iran with fresh sanctions while ending sanctions relief, China has come to Iran’s aid with an extraordinary gesture. According to the Times of Israel, the president of Iran’s central bank announced that a Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks. The contract for Read More…
Tel Aviv – Ayelet Shaked, the Justice Minister of Israel, has just threatened the Syrian government stating that Israel “will do what is necessary” if Syrian President Bashar al-Assad does not keep Iran out of Syria. The Israeli government – who last week bombed a Syrian military outpost, killing two soldiers – have now verbally challenged Read More…
Last week, Israel began holding its largest military drill in 20 years, and it was specifically designed to simulate a war with Hezbollah. From the Independent: “The Israel Defence Forces (IDF) has deployed thousands of air, sea and land personnel to the Lebanese border for its biggest military drill in almost two decades, a show of strength Read More…
A top Israeli general tasked with writing his country’s defense policy has admitted that Israel cannot take on Iran’s military alone if the day should come that the regional powers face off in a direct military confrontation, Defense News reports. “We cannot fight Iran alone,” Maj. Gen. Yair Golan, a former IDF deputy chief of staff and a Read More…
Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along Read More…