Two Myths about Central Banking

Posted on

The mainstream media and investors alike routinely attribute powers to the Federal Reserve that bear little resemblance to reality. Scott Sumner, an economics professor and researcher with George Mason University’s Mercatus Center, dispels two common myths: that low interest rates always mean easy money and that the Fed directly controls interest rates. Furthermore, he argues… Read More

Shift from Greed to Fear Favors Precious Metals

Posted on

In a world of ever-easier money, greedy markets have become addicted to central-bank profligacy. However, in times of fear, investors flock to a proven safe haven: precious metals. Rich Checkan, president and COO of Asset Strategies International, explains gold is a true measure of wealth and store of value, unlike fiat currencies. He argues one… Read More

Why the Largest US Oil Find Remains in the Ground

Posted on

Despite the increasing role of the United States as an oil producer and exporter, most of her reserves remain untapped. One reason for the wasted potential is political gridlock. Wayne Christian, the Texas railroad commissioner, claims Democratic Party officials are holding back the production of billions of oil and gas barrels from deposits in West… Read More

All You Need to Know about the UK Election

Posted on

The recent election in the United Kingdom was a historic victory for the Conservative Party but it left a lot of questions hanging in the air: Why did the Labour Party flounder? Will Brexit really happen this time? What kind of deal will Boris Johnson strike with the European Union? Jack Buckby, an author from… Read More

How to Prepare for the End of Dollar Hegemony

Posted on

The global monetary system underpinned by massive government debt can subsist for only so long before reality kicks in. What will come next? Massive wealth transfer, says Chris Martenson, CEO and co-founder of Peak Prosperity. He argues faith in the US dollar is not eternal, and those holding bonds, stocks, and fiat currency will bear… Read More

Ron Paul: How the Fed, Deep State Destroy the Middle Class

Posted on

As a towering libertarian figure and former presidential candidate, Ron Paul has been advocating for reform of the Federal Reserve for years. Recent political drama obscures the fact that the current monetary system, he argues, works to the benefit of an out-of-control government and its insiders, not the average citizen. Leading US candidates rightly rail… Read More

Make the Fed Have One Job Again

Posted on

A lot of dysfunctions within America’s economy can be traced back to the Federal Reserve’s heavy hand in setting interest rates and tweaking the money supply. Danielle Dimartino Booth, CEO of Quill Intelligence and former advisor to the Dallas Fed, believes the US central bank lost its way in the 1970s when Congress tasked it… Read More

Mainstream media acknowledges China will likely compel Saudi’s to sell oil in RMB, causing major hit to dollar and Petrodollar

Posted on

In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..