The World Bank and the International Monetary Fund (IMF) work hand in glove – smoothly. Not only are they regularly lending huge sums of money to horror regimes around the world, but they blackmail poor nations into accepting draconian conditions imposed by the west. In other words, the WB and the IMF are guilty of […]
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Harvey Organ’s concise analysis of the present state of chaos in the gold and silver trading markets as of September 2020! Thanks so much to you for this analysis, and description of how these rather complex markets work.
The US Still Dominates the World Economy
The US ruling class has dominated the planet since the end of World War II. Key elements of this control include its military superiority in nuclear and conventional weapons, and the stationing of over 900 military bases around the world. In addition, the US presides over the United Nations, the International Monetary Fund (IMF) and the World Bank. It upholds the US dollar as the global currency, and it controls much of the world’s resources, particularly oil.
Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.
Via Mining.com (https://www.mining.com/gold-price-rally-testing-2000-hurdle/)…
Bullion has surged more than 30% so far this year to a record high and is one of the best-performing assets in 2020 as a result of increased safe-haven demand during the coronavirus pandemic.
Investors are driven by the belief that the metal will hold its value better than other assets as fallout from covid-19 ripples through the global economy.
Submitted by InfoBrics, authored by Paul Antonopoulos, independent geopolitical analyst…
The U.S. budget deficit in June is about the same as it was for the full fiscal year of 2019 because of spending to support the national economy during the coronavirus epidemic. At the same time, the revenue of the state treasury has plummeted. This has put additional pressure on the dollar and will make it more difficult for it to be able to maintain its status as an international reserve currency.
The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens to erode whatever confidence the world still has in the U.S. dollar as a viable reserve currency. A shortfall in U.S.
