by Contributing Author | Jul 23, 2015 | Aftermath, Commodities
On Monday, the price of gold briefly fell to $1080 per ounce, which is the lowest price it has seen in 5 years. As of today, it still hasn’t returned to its previous level. This devastating crash, coupled with the downward trend that gold has seen in recent years, has...
by Contributing Author | Jul 21, 2015 | Aftermath, Commodities
For the first time in six years, China has updated the status of their national gold reserves. As part of their move to join the IMF’s basket of currencies, they were asked to come clean on the amount of gold they’ve accumulated in recent years. However, the numbers...
by Contributing Author | Jul 20, 2015 | Aftermath, Commodities
For decades, local and state governments in the United States have made promises to their employees that they cannot keep. They guaranteed a certain level of income to retirees at a time when America was its most prosperous, and when most people didn’t live as long as...
by Contributing Author | Jul 17, 2015 | Commodities
I think it’s safe to say that anyone who thinks the United States economy is on the road to recovery, is drinking some serious Kool-aid. As organizations like shadowstats have shown time and time again, our government likes to fudge the numbers on a regular basis....
by Contributing Author | Jul 16, 2015 | Aftermath, Commodities
To prevent widespread bank runs and to keep money from leaving the country, the Greek government instated numerous capital controls to keep the lid on their economy, such as placing a daily withdrawal limit of 60 Euros. When they first created these mandates earlier...
by Mac Slavo | Jul 8, 2015 | Aftermath, Commodities
According to some, Greece has been hogging the limelight, while China is going through ultra dramatic market fails, too. It’s excesses are glorious in their potential to plummet in a spectacular thud. Is China repeating the mistakes and the queasy heights of...
