News
Russia’s $583 Billion Reserves Now Hold More Gold Than Dollars
- Gold made up 23% of central bank’s stockpile as of end of June
- Putin has made ‘de-dollarization’ a key policy amid sanctions
Inflation Will Come Back With a Vengeance
The debt buildup in the US has funded zero new productive investments. In the end, this buildup of unproductive debt can be reflected in one of two things: Either in rising interest rates, or in a devaluation of the currency.
Deutsche Bank to Pay Over $130 Million to Settle Charges
Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.
The Greatest Game - Jeff Booth
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete”