Submitted by Steve Brown…
The largest reserve gold traders on the planet are the six bullion banks. A bullion bank is a large multi-national bank authorized to serve as a conduit through which Central Banks – and the Fed primary dealers – loan their gold out into the market. All central banks lease gold, to maintain their balance sheet and to provide sovereign collateral when a currency swap or paper trade won’t work. It’s called the gold carry trade.
In the first hour, I went solo and talked about some recent developments in the West African nation of Burkina Faso. I started off with the recent hostage rescue operation by French special forces which freed 4 tourists. I talked about the political instability that Burkina Faso has been facing over the past several years. I also talked about the rumors that the hostages were going to be handed over to the Macina Liberation Front in Mali. I spoke about the rise of jihadi groups across West Africa and how much of it unfolded in 2012 with the ouster of Mali’s president Amadou Toumani Toure.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris examine how US and EU sanctions have continued to provide a huge boost to Russia’s economy. Russia’s food sovereignty has practically been achieved, as the Russian central bank continues to buy gold and lower its exposure to western financial markets.
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[audio mp3="http://www.corbettreport.com/mp3/2019-03-21%20Financial%20Survival.mp3"][/audio]James joins Melody Cedarstrom on the Financial Survival radio show for their regular, bi-monthly conversation. This time we discuss the disappearance of free will and the rise of Big Tech, the demographic crunch in Japan, China's belt and road diplomacy, and the recent crisis in Kashmir.
WASHINGTON — Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration.
