You can't build a castle on sand, and you can't build a city on assumptions. Saudi Arabia unveiled The Line in January 2021 as a perfect, linear utopia stretching 170 kilometers across the desert.
Tether recently added 26 tons of gold in Q3 alone, bringing its holdings to 116 tons--surpassing the reserves of several central banks, including Turkey, Kazakhstan, and Brazil.
When I published The State of Our Currencies in the spring of 2020, I observed that we were in a global currency war, stating: "[I]t is essential to realize that we live and transact in a transition time between two systems."
The non-performing loan portfolio of consumer credit reported by Mexican banks reached 53.895 billion pesos (US $2.9 billion) in October, the highest figure ever, according to Mexico's central bank (Banxico).
Copper futures on the London Metal Exchange broke out of the post-Thanksgiving trading range and into record-high territory on a massive tariff-driven scramble for supply.
After an ugly November (the worst since 2018), December is continuing that trend with a big drop overnight that shook what had appeared to be a stabilizing market.
The sages who studied the rise and fall of kingdoms would chuckle today, for the lesson is ancient: money is the hard-earned fruit of labor, while currency is merely the paper promise that it still tastes good.
The Financial Stability Board (FSB), in consultation with the Basel Committee on Banking Supervision (BCBS) and national authorities, has identified the 2025 list of global systemically important banks (G-SIBs).
Facing a perfect storm of financial pressures, American farmers are poised to receive a dual boost from the Trump administration in the form of direct financial aid and a long-awaited resurgence in agricultural exports to China.
Economic conditions for American farmers have been brutal this year, as China shifted much of its soybean and other commodity purchases to South America.
Long before the Sacklers appeared on the scene, families like the Astors, the Peabodys, and the Delanos cemented their upper-crust status through the global trade in opium.
Germany's cities are on the verge of a massive financial crisis, with the mayor of Essen warning that the data shows that almost every single city in the country is nearly bankrupt.
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