Sunday, January 24, 2021
Readers of Crisis by Design will recall that the “heart of the beast” is the Financial Stability Board, housed in the Bank for International Settlements in Basel, Switzerland and Chaired by the ex-Goldman Sachs executive, Mario Draghi. No surprise then,...
The economic holocaust in what is surely the most pejorative acronym in economic history, the PIIGS - Portugal, Ireland, Italy, Greece and Spain – has taken a media back seat to the political wildfire that has engulfed Egypt, and...
Recent interview of John Truman Wolfe on WGN TV Chicago covering the problems with the dollar losing favor as the international currency along with investing tips during this financial crisis. John Truman Wolfe Talks About His Book, Crisis by Design:...
The U.S. budget deficit this year is projected to be $1.65 trillion. This follows a budget deficit of the first two years of the Obama administration of about $3.8 trillion. The first year, the budget deficit was about $1.4...
During my trip to Beijing earlier this year at the behest of members of the Chinese government, I had dinner with the President of China Gold, the country’s gold mining the consortium (60% owned by the government). China is...
by John Truman Wolfe A Credit Default Swap (CDS) is a fancy name for a financial instrument that is really nothing more than a bet on whether a loan will be repaid or not. They are wagers placed by bankers...
There are those in whose interest it is to have the word “conspiracy” conjure up an almost cartoonish image of a small group of wicked men meeting in a dimly lit conference room planning out the destruction of the...
There is a Rasmussen poll out which notes that 82% of the American people believe that economic challenges to the United States are a bigger threat than military challenges. Whether or not the public understands all the intricacies the economy,...
Like some quietly evolving financial virus, the world of banking is changing before our very eyes. Perhaps it is striking your awareness. Perhaps not. But there are steps you should take to stay ahead of this. There are a number of factors...
Thanks to Congressman Ron Paul, the Federal Reserve was recently mandated to cough up the information about the loans they made during the financial crisis (by creating money out of thin air). According to a recent article by David DeGraw,...
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