Asian currencies (Korea, Malaysia, Philippines, India, Indonesia, Taiwan and China) are now trading in lockstep with the Japanese yen. In large part this is managed: so many Asian countries compete in the same export markets that their central banks try to keep their currencies aligned with each other. Continue reading →
Alaska’s North Slope region, including the National Petroleum Reserve (NPRA), Arctic National Wildlife Refuge (ANWR) and Trans-Alaska Pipeline (TAPS). US Geological Survey/Wikipedia
Arctic lands and waters hold irresistible allure for global oil companies. Despite opposition from environmental groups and President Obama’s 2016 ban on drilling in federal Arctic waters, exploration in Alaska has revealed massive new volumes of oil.
This comes at a time of low oil prices, when many observers felt the Arctic would remain off limits. Alaska has proved precisely the opposite. Although it has gone largely unnoticed outside the industry, foreign firms are partnering with American companies to pursue these new possibilities. I expect this new wave of Arctic development will help increase US oil production and influence in world oil markets for at least the next several decades. Continue reading →
In the lead-up to President Rouhani’s visit to Moscow, expected to take place in late March, a plethora of news regarding joint Russo-Iranian energy projects has been circulating on the Internet. A three-year long negotiation process regarding a 100,000 barrels-per-day swap contract is believed to be agreed upon, premised on Iran providing Russia (most likely, Rosneft) oil from Kharg Island or other hubs in the Persian Gulf in return for cash and Russian goods that Iran would “require”. Teheran also woos LUKOIL, currently Russia’s only major oil producer in the Caspian, to participate in swap deals bound for Iran’s Neka Port (in return for Iranian crude provided from Kharg Island or other Persian Gulf hubs), albeit on a much smaller scale at 4000 to 5000 barrels per day. To top it all up, numerous Russian oil companies have committed themselves to developing Iran’s hydrocarbon fields. Continue reading →
FILE PHOTO: A helicopter lands on the Izumo, Japan Maritime Self Defense Force’s (JMSDF) helicopter carrier, at JMSDF Yokosuka base in Yokosuka, south of Tokyo, Japan, December 6, 2016. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) – Japan plans to dispatch its largest warship on a three-month tour through the South China Sea beginning in May, three sources said, in its biggest show of naval force in the region since World War Two.
China claims almost all the disputed waters and its growing military presence has fueled concern in Japan and the West, with the United States holding regular air and naval patrols to ensure freedom of navigation. Continue reading →
Islam is the fastest growing religion in the world and will overtake Christianity as the most popular before the end of this century, according to an analysis of religious surveys published Tuesday by the Pew Research Center.
With 1.6 billion, Muslims made up 23 percent of the world’s population, according to a 2010 Pew estimate. That figure was still some way short of the 2.2 billion Christians which comprised 31 percent of the population. Continue reading →
Last week a new phrase was introduced into our lexicon by Trump Adviser Kellyanne Conway. When asked about why press secretary Sean Spicer had made statements that were (according to the press) unverifiable she said that he had used ‘alternative facts’. Continue reading →
There is clearly a coup unfolding led by the Democrats and the media. They will not accept Trump and are determined to destroy the government as we have known it. Sally Yates obviously pulled a political move by declaring that she would not execute Trumps ban of the selected countries. First of all, that would only constitute deporting someone who tried to come in who was not a legal resident. So they would not be arrested or put in prison. What was she up to? Obviously what she did had no real legal meaning, it was a political stand and for that Trump rightly fired her. Continue reading →
EUROPE is failing as a team player and is on the brink of war as rising nationalism sweeps the continent, a former chancellor advisor has warned.
Horst Teltschik said the bureaucratic European Union (EU) is struggling in the face of a catastrophic euro crisis that continues to “gain tract” and a sensational Brexit vote, which prompted an “erosion” of its powers.
Hinting that a break-up of the Union is more than likely, Mr Telthschik said the bloc’s main players France and Germany were “stuttering”. Continue reading →
As an observation, a lot of news pieces keep mentioning 2018 of late as a turning point for cash and a move towards either a new global currency or electronic currency. It’s a reminder of what The Economist put out in 1988:
QUESTION: Dear Marty,
What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move is any kind of scandal and he has tarnished India image in long run or short run. Almost 90% analysts in India are saying it is a good move in the long run ( 2-3 years) and pain in short term. Is this correct? Continue reading →
The real gem of this article is the last paragraph and its related photo posted below. Espionage, aiding and abetting the enemy by enemies within runs deep in America and has for decades.
The Scandinavian countries Sweden, Denmark and Norway are regarded as a pioneer in the the effort to eliminate money and move totally electronic. Denmark closed its final Mint outsourced the operation to Finland.This means that there is no coinage in the three states struck anymore. In this war on cash, about 20% of all transactions were settled in Denmark last year with cash. In Germany and Austria, cash transactions accounted for 80%. Scandinavia is pushing hard to eliminate all cash completely to enable 100% efficient tax collecting.Continue reading →
QUESTION: Marty; You have been emphasizing not to buy gold bullion but US gold coins such as the $20. You have said that the last time they confiscated gold coin collections were exempt. With the drastic action in India, and the war on currency in Turkey, is this why you have said stocks and collectibles are a safer bet? Continue reading →
The hunt for money is intensifying with the aid of banks no less. India was the balloon. They simply canceled the current with no notice and imposed a 90% tax on anyone holding the high denomination notes. This is how the world governments operate. The first bail-in was done in Cyprus. We were even contacted by members of the government trying to push back against the EU. We provided the solution, but the government did what the EU wanted because this was a test. If they got away with it in Cyprus, then the “bail-in” would become a contagion. The politicians lied, as usual, and said that policy would NEVER be applied in Europe. It is now standard around the world. We warned, Cyprus, then Greece – who would be next. Continue reading →
Turkish President Tayyip Erdogan speaks during a news conference in Ankara, Turkey, November 16, 2016. Kayhan Ozer/Presidential Palace/Handout via REUTERS
ISTANBUL (Reuters) – President Tayyip Erdogan was quoted on Sunday as saying that Turkey did not need to join the European Union “at all costs” and could instead become part of a security bloc dominated by China, Russia and Central Asian nations.
NATO member Turkey’s prospects of joining the EU look more remote than ever after 11 years of negotiations. European leaders have been critical of its record on democratic freedoms, while Ankara has grown increasingly exasperated by what it sees as Western condescension.
“Turkey must feel at ease. It mustn’t say ‘for me it’s the European Union at all costs’. That’s my view,” Erdogan was quoted by the Hurriyet newspaper as telling reporters on his plane on the way back from a visit to Pakistan and Uzbekistan. Continue reading →