TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal Read More…
Tariffs, counter-tariffs and headlines about trade wars are flowing like wine as the long-anticipated Trump campaign against China is finally shaping up. Given that futures are tumbling, the US trade deficit has just hit a decade low, and, oh yeah, we haven’t seen market volatility like this since the crash of ’87 you might think we have enough ominous financial storm clouds to Read More…
It has been promised for 25 years. Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. What am I talking about? Why, the launch of a Chinese yuan-denominated oil futures Read More…
As much of the world’s focus is fixed on the current unrest rocking Iran, Donald Trump is using the heralding of the new year to publicly attack another Middle Eastern country: Pakistan. “The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us Read More…
Pakistan is the latest country to jump on the anti-U.S. dollar bandwagon, Reuters reports. Pakistan is considering a proposal to replace the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China. Between 2015 and 2016, bilateral trade between the two countries totaled $13.8 billion. According to Reuters, Pakistan’s Interior Minister, Ahsan Iqbal, Read More…
Saudi Arabia, May 2017. A private yacht sails into the port at Jeddah under heavy guard. The yacht’s identity is hidden even from the port authorities. Only a handful of people are allowed near it. They deliver several boxes on board and the yacht sails away. The boxes contained cash. $1 billion cash. A “gift” Read More…