Loading ...The Daily Bell
I try to read it Daily. Here is some weekend reading:
On Russia and the BRICS moving away from using the USD in global trade.
Citi Bank and it appetite for Derivatives
http://www.thedailybell.com/news-analysis/why-is-citi-gobbling-derivatives/
Runaway spending at the Pentagon. How can you not be able to account for $6.5 Trillion (not Millions or Billions but Trillions)???
Increased Military tension between the US and Russia/China.
http://www.thedailybell.com/news-analysis/why-is-citi-gobbling-derivatives/
“Conclusion: Perhaps at the very top the growing military confrontations are a kind of artificial drama. If not, perhaps they lead eventually, to real military confrontation.”
No naval battle has been fought for a very long time while land battles have never stopped. Whatever they are, resource economics is the main driver. China has never stopped inching forward so let’s watch.