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Fortune smiles upon Santa Cruz. With abundant natural gas reserves that generate immense wealth for the local economy, some of the best weather in South America, and more beauty queens per square block than anywhere else on the planet, Santa Cruz sho
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The dollar hovered around 3-year lows and looked set to come under further pressure next week, while a stronger yen weighed on Tokyo stocks. Gold hit a fresh all-time high of $1,509 an ounce, extending its record-breaking rally to a sixth session, as
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“You know, I really feel like the decline of the dollar is going to cause a lot of problems in the world– rising prices, currency imbalances, social unrest… I feel very safe here in Paraguay though because we have everything we need: food, water, and
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Many of us are deeply troubled by what is happening in the Ivory Coast. The fundamental issues are being overlooked. The consequences and ramifications of this denouement are also being overlooked. – Ghana Joy OnLine
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Marc Faber the Swiss fund manager and predicted the value of the dollar in the long term will be zero and advised investors to become "their own central banks and gradually accumulate gold reserves as a currency".
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Investors increasingly expect Greece will not pull itself out of its financial hole and will have to renege on some debt payments, despite spending a year on bailout loans making painful austerity reforms. The concern that bailouts and austerity,
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Japanese consumers may have to help foot the reconstruction bill after last month's earthquake and tsunami caused $300 billion of damage, further burdening the hugely indebted economy, a newspaper said on Tuesday.
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In the coming brave, new world, the US shall be diminished and a new order shall dawn.
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Tim Staermose here. Simon is out looking at property in Paraguay today and asked me to fill in.
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Asian stocks fell after rating agency Standard & Poor's lowered its U.S. credit outlook to negative, prompting a global flight to other assets. The euro nursed heavy losses early in Asia while the yen gained across the board as worries about sovereig
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China, India, Russia and Brazil just spent their entire summit meeting discussing the system that will replace the US dollar as the world's reserve currency.
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Gradually, the Ivory Coast returns to normal. The World Bank and the IMF will do everything in their power to make the Ivory Coast prosperous again.
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I’ll be in Paraguay again for the next week. This is a country that has quite a bit to offer… it’s incredibly cheap and they sell property for nothing. I’ve seen land in the Chaco region for as little as $25/acre.
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When I woke up this morning and scanned through my usual digest– boots on the ground reports from overseas contacts, market summaries from Asian and European bankers, commentary from friends still in the intelligence community– a couple of things cau
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Now that the military is firmly in control of Egypt following the country’s CIA and Freedom House staged color revolution earlier this year, it is time for the bankster elite to force their economic snake oil on the Egyptian people.
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Wang Jianren, a 56-year-old retiree in this bustling city of 20 million, says that over the years China has benefited tremendously from rapid economic growth. But like so many people here, he complains that inflation is beginning to eat away at those
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I’ll be in Paraguay again for the next week. This is a country that has quite a bit to offer… it’s incredibly cheap and they sell property for nothing. I’ve seen land in the Chaco region for as little as $25/acre.
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We ranked high-income OECD economies based on their poverty rate and culled historical data to give a bigger picture of poverty in member nations
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hina can blow bubbles faster and bigger than just about any other country, but the Extraordinary Salt Mania of March 2011 takes the cake for speed, size and bizarreness. The brief, dazed run on salt by investors following the March 11 tsunami demonst
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The latest decision follows a stoppage declared earlier this month in North America. It also follows a decision to idle production in Japan from late April to early May after operating for two weeks in the country from April 18
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LOUISVILLE, Kentucky -- A Toyota Motor Corp. spokesman says it's inevitable that the company will have to shut down its North American factories due to shortages of parts from Japan.
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The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.
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It is immediately apparent that solar peaks show some correlation with peaks in stocks. In fact, buying at each solar minimum and selling at the next maximum (3-5 years later) has returned average gains of 70%.
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The EU will survive. These are merely trying times.
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The Icelanders are at it again, irresponsible and unwilling to take up their burden. The wrath of the modern world shall surely be visited upon them.
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Voters in Iceland issued a resounding “no” in a referendum on whether to approve a renegotiated deal to compensate Britain and the Netherlands over the 2008 collapse of Icesave Bank, leaving the issue to be settled in court.
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Now a new study shows a gigantic drop in UK disposable income -- the biggest since 1921.
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Indeed, where there's oil, gas and minerals, there are lakes and rivers of blood. The current global financial system is the Samurai class of the industrial warrior society; an appendage of the mechanistic state that has honed its skills of...
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World oil prices jumped on Friday to their highest levels in more than two years as the market was driven by simmering political tensions in the Arab world and concerns over elections in Nigeria.
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With the potential for higher interest rates in the U.S., higher commodity prices globally, a weaker dollar and manufacturing disruptions due to a shortage of components for products, the Japanese earthquake,/tsunami/nuclear crisis triple-play may wr
