According to a recent article by Bloomberg entitled, Wider War in Middle East Could Tip the World Economy Into Recession, it is a distinct possibility. The article presents 3 possible scenarios, i.e., Confined War, Proxy War, and Direct War. Confined War Scenario In the confined war scenario conflict is limited to Gaza, Israel, and the Palestinian […]
Could a Hamas vs. Israel War Trigger a Worldwide Recession? Read More »
As Russia defies worldwide opinion and executes one of the largest unprovoked attacks since WWII it is receiving some non-military pushback. Throughout history, there has always been an economic component to warfare. Waging war is an expensive proposition not only in human lives but financially as well. And often the “winner” ends up a loser when it comes time to pay the piper. Bankers have been known to finance both sides of a war and even to finance enemies when a country refuses to pay what they owe. Kings have had to grovel before bankers to finance wars and inflation has financed more wars than can be counted.Â
Economic Warfare Deployed Against Russia Read More »
One of the first lessons in Econ 101 is Supply vs. Demand. If the supply is curtailed and demand stays the same the price will go up. A somewhat later lesson is that Government sanctions reduces supply and drives prices up. The classic example of this is the drug trade. But recent sanctions by the U.S. has had quite the opposite effect (at least temporarily). What has happened is that the U.S. has put trade sanctions on Iran. So Iran is offering its oil at a discount to those willing to go against U.S. wishes and buy their oil anyway. In response Saudi Arabia is offering to match Iran’s price without the risk of offending the United States. So in effect we have a price war (i.e. a race to the bottom). Chances are this won’t last long if the sanction breakers suffer severe enough consequences.
Oil Price War: Saudi Arabia vs. Iran Read More »
Imperial Washington is provoking tensions and confrontations everywhere —from the South China Sea to Syria, Iraq, Yemen, Libya, the Black Sea, the Baltics and Ukraine — that have no bearing whatsoever on the safety and security of the citizens of Spokane WA, Topeka KS and Springfield MA.
What is a “Black Swan”? According to Wikipedia… The phrase “black swan” was a common expression in 16th century London as a statement of impossibility. The London expression derives from the Old World presumption that all swans must be white because all historical records of swans reported that they had white feathers. After Dutch explorer
Is Obama’s Black Swan Coming Soon? Read More »
Interviewed by Louis James, Casey Research US-Iranian saber-rattling or impending shoot-out? In his usual, candid manner, contrarian investor Doug Casey talks about why he believes it’s serious this time… why the US is the greatest threat to peace today… why Iran might move towards a gold standard… and what smart investors should do. L: Doug-sama,
Doug Casey: Is a US-Iran War Inevitable? Read More »
